Robotics maker Ubtech (9880.HK) projected its revenue will jump 53 percent year-on-year to 2 billion yuan in 2025 while its net loss narrows.
The guidance was part of a financial forecast released by the Hong Kong-listed company on Sunday.
Ubtech expects its adjusted net loss for 2025 to be 690 million yuan, a reduction from the previous year, as it scales its operations. The company's strong revenue forecast underscores growing demand for its AI-powered robotic solutions.
The positive outlook may bolster investor confidence in the firm's path to profitability and its position in the competitive humanoid robot market. Shares of Ubtech trade on the Hong Kong Stock Exchange.
Ubtech, a prominent name in China's robotics industry, specializes in developing and manufacturing humanoid robots for various applications, including education, logistics, and consumer use. The company's forward-looking statement sets a bullish tone amid a global race to commercialize humanoid robots, a field that includes competitors like Boston Dynamics and Tesla's Optimus project.
The guidance suggests management is confident in its ability to capture significant market share in the coming year. Investors will be closely watching the company's interim results for 2024 to assess if the revenue growth and loss reduction are tracking toward these ambitious 2025 targets.
This article is for informational purposes only and does not constitute investment advice.
