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UBTECH ROBOTICS CORP LTD Class H
(9880)
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Rating:44Neutral
Price Target:
HK$67.00
▼(-19.23% Downside)
Action:Reiterated
Date:10/29/26
The score is primarily constrained by weak financial quality—large ongoing operating losses and persistent negative operating/free cash flow—despite improving revenue growth, gross margin, and a de-risked balance sheet. Technicals also weigh on the score as the stock remains below major moving averages with negative MACD, while valuation is difficult to support given negative earnings and no dividend yield.
Positive Factors
Revenue Growth
Revenue growth accelerated materially to 34.1% in 2025, indicating stronger demand for UBTECH’s robotics products and solutions. If sustained, this expanding top line can improve operating leverage, support greater scale, and strengthen the company’s competitive position across its target application areas.
Negative Factors
Persistent Operating Losses
Despite faster revenue growth and narrower losses than in 2024, UBTECH remains deeply unprofitable, with a -38.9% EBIT margin and -35.5% net margin in 2025. The persistent deficit indicates that the current cost structure has not yet converted scale into sustainable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue growth accelerated materially to 34.1% in 2025, indicating stronger demand for UBTECH’s robotics products and solutions. If sustained, this expanding top line can improve operating leverage, support greater scale, and strengthen the company’s competitive position across its target application areas.
Read all positive factors
UBTECH ROBOTICS CORP LTD Class H (9880) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$32.29B
Dividend YieldN/A
Average Volume (3M)4.83M
Price to Earnings (P/E)―
Beta (1Y)2.11
Revenue Growth89.80%
EPS Growth46.76%
CountryHK
Employees2,550
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)-1.22
Shares Outstanding438,189,330
10 Day Avg. Volume8,157,530
30 Day Avg. Volume4,833,022
Financial Highlights & Ratios
PEG Ratio1.74
Price to Book (P/B)7.15
Price to Sales (P/S)25.79
P/FCF Ratio-44.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$103.01Price Target Upside24.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.87
Revenue Forecast (FY)HK$3.58B
UBTECH ROBOTICS CORP LTD Class H Business Overview & Revenue Model
Company Description
Ubtech Robotics Corp Ltd focuses on the full spectrum of robotics, engaging in the research, development, manufacturing, commercialization, marketing, and global sale of its robotic products and accompanying services. The company offers a diverse ...
How the Company Makes Money
UBTECH generally makes money by selling robot products and by providing associated software and services tied to deployment and ongoing use. Key revenue streams typically include: (1) Hardware/product sales: revenue from selling robots (e.g., cons...
UBTECH ROBOTICS CORP LTD Class H Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.62B | 2.00B | 1.31B | 1.06B | 1.01B | 817.23M |
| Gross Profit | 999.96M | 726.59M | 374.01M | 332.82M | 397.17M | 228.46M |
| EBITDA | -435.04M | -636.51M | -1.04B | -1.14B | -865.75M | -775.89M |
| Net Income | -596.72M | -703.19M | -1.12B | -1.23B | -974.81M | -920.18M |
Balance Sheet | ||||||
| Total Assets | 10.84B | 10.25B | 5.13B | 4.77B | 2.79B | 2.67B |
| Cash, Cash Equivalents and Short-Term Investments | 2.65B | 4.97B | 1.21B | 541.40M | 145.40M | 539.13M |
| Total Debt | 1.05B | 1.18B | 1.61B | 1.53B | 688.80M | 845.33M |
| Total Liabilities | 2.98B | 2.92B | 2.89B | 2.68B | 1.73B | 1.91B |
| Stockholders Equity | 6.96B | 7.22B | 2.11B | 1.96B | 961.28M | 752.45M |
Cash Flow | ||||||
| Free Cash Flow | -1.64B | -1.15B | -1.11B | -1.53B | -997.64M | -1.13B |
| Operating Cash Flow | -1.15B | -750.10M | -883.64M | -1.00B | -626.44M | -842.31M |
| Investing Cash Flow | -2.11B | -685.55M | -275.69M | -505.60M | -394.32M | -227.06M |
| Financing Cash Flow | 4.46B | 5.08B | 1.83B | 1.88B | 802.80M | 560.47M |
UBTECH ROBOTICS CORP LTD Class H Technical Analysis
Negative
82.95
Price Trends
75.46
Negative
83.84
Negative
100.07
Negative
Market Momentum
-3.12
Negative
40.24
Neutral
32.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:9880, the sentiment is Negative. The current price of 82.95 is above the 20-day moving average (MA) of 68.30, above the 50-day MA of 75.46, and below the 200-day MA of 100.07, indicating a bearish trend. The MACD of -3.12 indicates Negative momentum. The RSI at 40.24 is Neutral, neither overbought nor oversold. The STOCH value of 32.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:9880.
UBTECH ROBOTICS CORP LTD Class H Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
60 Neutral | HK$5.18B | 4.59 | 10.15% | 9.79% | 19.90% | 67.16% | |
59 Neutral | HK$8.32B | 61.71 | 2.17% | 3.06% | 14.32% | -84.67% | |
58 Neutral | HK$11.23B | 13.73 | 12.98% | 2.78% | 19.63% | 16.42% | |
44 Neutral | HK$32.29B | -44.13 | -8.41% | ― | 89.80% | 46.76% | |
44 Neutral | HK$1.40B | 65.56 | 6.28% | 4.46% | 20.08% | ― | |
42 Neutral | HK$7.47B | -43.85 | -5.65% | ― | 66.66% | -87.31% |
* Industrials Sector Average
HK:9880
UBTECH ROBOTICS CORP LTD Class H
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-73.85
-53.79%
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UBTECH ROBOTICS CORP LTD Class H Corporate Events
UBTECH Robotics Expands H Share Pool for Incentive Scheme via Market Purchases
Oct 8, 2026
UBTECH ROBOTICS CORP LTD has disclosed that the trustee of its H share incentive scheme purchased 80,000 H shares on the market on October 8, 2026, representing about 0.016% of its total issued share capital. The shares, acquired at an average pri...
UBTECH Robotics Seeks Full Circulation for 3.49% of Share Capital
Sep 23, 2026
UBTECH ROBOTICS CORP LTD has approved a plan to convert 17,581,288 unlisted domestic shares into H shares, representing about 3.49% of its issued share capital. The move follows Chinese regulatory guidelines on full circulation of H shares and aim...
UBTECH launches 10-year H share incentive scheme, granting 0.72% of capital to staff
Sep 14, 2026
UBTECH ROBOTICS CORP LTD has launched a new H share incentive scheme approved by shareholders on August 26, 2026, granting a total of 3,624,470 share-based incentives to 409 participants on September 14, 2026. The scheme, effective for ten years, ...
UBTECH Doubles Revenue as Humanoid Robot Sales Surge and Losses Narrow
Aug 28, 2026
UBTECH ROBOTICS reported interim 2026 results showing rapid scale-up driven by its humanoid robotics business. Revenue doubled year-on-year to RMB1.27 billion, with sales from full-size embodied intelligent humanoid robot products and services sur...
UBTECH Shareholders Approve Bank Credit Lines and Proceeds Reallocation at EGM
Aug 26, 2026
UBTECH ROBOTICS CORP LTD held its 2026 third extraordinary general meeting in Shenzhen, with all directors in attendance and shareholders of both Domestic Shares and H Shares eligible to vote, except for unvested H Shares under an incentive scheme...
UBTECH Robotics Sets Board Meeting to Approve Interim Results
Aug 18, 2026
UBTECH ROBOTICS CORP LTD, a Shenzhen-based joint stock company in the robotics and technology industry, is listed on the Hong Kong Stock Exchange under stock code 9880 and governed by a board that combines executive, non-executive, and independent...
UBTECH Robotics Plans H Share Incentive Scheme, New Bank Credit and Fund Reallocation
Aug 10, 2026
UBTECH ROBOTICS CORP LTD’s board has approved the proposal to adopt an H Share Incentive Scheme funded by existing shares, which will be subject to shareholder approval at an extraordinary general meeting. The company also seeks authorizatio...
UBTECH Robotics Calls 2026 Extraordinary Meeting to Approve Financing and H-Share Incentive Plan
Aug 10, 2026
UBTECH ROBOTICS CORP LTD has called a third extraordinary general meeting for August 26, 2026 in Shenzhen to seek shareholder approval for several key corporate actions. The agenda includes authorizing a bank credit arrangement and approving a pro...
UBTECH Robotics Sets August 2026 Book Closure for Extraordinary General Meeting
Aug 7, 2026
UBTECH Robotics Corp Ltd has scheduled its third extraordinary general meeting of 2026 for August 26, 2026, and will determine shareholder eligibility to attend and vote based on its registers of members as of that date. To facilitate this, the co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.