China humanoid robot stocks extend rally; Unitree up nearly 30% in three sessions
In short
Humanoid robot stocks rose sharply in China's A-share market on 19 October, with several shares hitting the daily limit and Unitree (宇树科技) up more than 15% at the close, CLS reported. The sector kept climbing on 20 October, when CLS said Unitree had gained nearly 30% over the last three trading days.
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Humanoid robot stocks rose in China's A-share market on 19 October. CLS reported that in the afternoon Zhaowei Jidian (兆威机电), Zhejiang Rongtai (浙江荣泰), Fulai Xincai (福莱新材), Riying Dianzi (日盈电子) and Ningbo Dongli (宁波东力) hit the daily limit, while Unitree (宇树科技) and Siling Zhiqu (斯菱智驱) rose more than 10%. Jiemian reported a similar list. [ 8 , 10 ]
At the close, CLS said Unitree was up more than 15%, while 36Kr put the gain at more than 16%. The Shanghai Composite rose 0.39%, the Shenzhen Component 0.13%, and the ChiNext fell 0.94%. CLS said the ChiNext had earlier been down more than 2%. [ 12 , 13 , 15 ]
Turnover in Shanghai and Shenzhen was about 1.44 trillion yuan, about 117.9 billion yuan less than the previous trading day. Jiemian reported 2,275 stocks rising and 3,129 falling, with 49 at the upper limit and 25 at the lower limit. Banks also strengthened, with ICBC and China Construction Bank reaching record highs, CLS and 36Kr reported. [ 12 , 13 , 15 ]
The sector rose again on 20 October. Yicai reported at 10:20 that the humanoid robot sector was continuing to warm up. CLS reported that Changying Jingmi (长盈精密) hit a 20% limit-up after Zhejiang Rongtai, Fulai Xincai, Ningbo Dongli and Daye Gufen (大业股份) had hit the limit. CLS said Unitree was up more than 7%, having gained nearly 30% over the last three trading days. None of the documents gives a reason for the rally. [ 19 , 20 ]
Why it matters
The documents give no cause for the rally, so its significance is modest. Business outlets reported humanoid robot stocks among the leaders of the 19 October session, while the broader market was mixed and most stocks fell.
Key facts
- On 19 October the Shanghai Composite closed up 0.39% and the Shenzhen Component up 0.13%, while the ChiNext fell 0.94%. [ 13 , 15 ]
- On 19 October the humanoid robot concept rose in the afternoon, with Zhaowei Jidian (兆威机电), Zhejiang Rongtai (浙江荣泰), Fulai Xincai (福莱新材), Riying Dianzi (日盈电子) and Ningbo Dongli (宁波东力) hitting the daily limit, CLS reported. [ 8 ]
- Unitree rose more than 15% at the close on 19 October according to CLS and more than 16% according to 36Kr. [ 12 , 13 ]
- Turnover in Shanghai and Shenzhen on 19 October was about 1.44 trillion yuan, about 117.9 billion yuan lower than the previous trading day. [ 12 , 15 ]
- Across the market 2,275 stocks rose and 3,129 fell on 19 October, with 49 hitting the upper limit and 25 the lower limit, Jiemian reported. [ 15 ]
- On 20 October CLS reported Changying Jingmi (长盈精密) hit a 20% limit-up and Unitree was up more than 7%, having gained nearly 30% over the last three trading days. [ 20 ]
- ICBC and China Construction Bank shares reached record highs on 19 October. [ 12 , 13 ]
Confirmed by several sources
- Humanoid robot stocks were among the strongest performers in the A-share market on 19 October, with several shares hitting the daily limit. [ 8 , 10 , 12 , 13 , 14 ]
- The Shanghai Composite closed up 0.39% on 19 October. [ 12 , 13 , 14 , 15 ]
- More than 3,000 stocks fell on 19 October even as the robot sector rose. [ 12 , 14 , 15 ]
- Shares of ICBC and China Construction Bank hit record highs on 19 October. [ 12 , 13 ]
- The humanoid robot sector kept rising on 20 October. [ 19 , 20 ]
Still unclear
- What drove the rally in humanoid robot stocks None of the documents gives a cause for the gains.
- Size of Unitree's gain on 19 October CLS gave more than 10% in the afternoon and more than 15% at the close, while 36Kr said more than 16%; the documents do not explain the differences.
- Whether the gains on 20 October held beyond the morning The 20 October reports on the sector were published at 10:20 and 10:27, before the close.
What local media are saying
Timeline, local time
- 19 October: CLS reported the humanoid robot concept rising further in the afternoon, with several stocks at the daily limit. [ 8 ]
- 19 October: markets closed with the Shanghai Composite up 0.39% and humanoid robot stocks leading. [ 12 , 13 ]
- 20 October: Yicai reported the humanoid robot sector continuing to warm up. [ 19 ]
- 20 October: CLS reported Changying Jingmi at the 20% limit-up and Unitree up more than 7%. [ 20 ]