Unitree shares fall 45% from their debut peak, wiping out $30bn

Unitree’s shares plunged about 45% from their intraday peak, erasing roughly $30 billion of market value after debuting at 150.8 yuan and briefly reaching a $66 billion valuation. The company’s adjusted net profit fell 53% in Q1 2026 to 40 million yuan, while its humanoid robots, famed for dancing and a record-breaking sprint, have struggled to secure broader commercial applications. Analysts blame mispricing and IPO-process flaws that favor large shareholders and leave retail investors exposed.