
Hangzhou-based Unitree Robotics reported a 249.58% year-on-year increase in R&D spending to 127.04 million yuan, alongside a 270.54% rise in net profit to 387 million yuan for the first three quarters of the year.
AI-generated summary
Unitree Robotics is a Hangzhou-based company specializing in robotic bodies and software development.
The results for the three months ending September 30 showed a continued surge in research and development spending by the Hangzhou-based company, which jumped 249.58 per cent year-on-year to 127.04 million yuan, or around 19 per cent of revenue, as it ramps up investments in the software “brains” of its industry-leading robotic bodies.
According to the filing with the Shanghai Stock Exchange, Unitree Robotics posted a net profit attributable to shareholders of 387 million yuan, a 270.54 per cent jump, for the first three quarters of the year.

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