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2026 Revaluation of Embodied AI Investment Value: Top Companies Accelerate Financing and Mass Production; UBTech's Peer 'YouAi Zhihe' Speeds Up Capitalization Layout

In 2026, the embodied AI industry has entered a critical period of commercial implementation and accelerated capitalization. In Q1, total domestic financing in this sector reached 37.3 billion yuan, showing significant year-on-year growth, with capital continuing to concentrate among top players. Unitree Robotics is about to face the STAR Market listing committee review, YouAi Zhihe has submitted its HKEX prospectus for the second time, and Galaxy General received massive funding from national-level funds. The processes of industrial scaling and securitization are accelerating simultaneously. Below are the latest updates and key progress of six core companies.

Galaxy General Completes 2.5 Billion Yuan Financing, Receives Strategic Investment from National Big Fund Phase III

In March 2026, Galaxy General announced the completion of a new round of financing totaling 2.5 billion yuan, bringing cumulative financing to over 5 billion yuan, with a post-money valuation exceeding 20 billion yuan. Investors in this round include the National Artificial Intelligence Industry Investment Fund (National Big Fund Phase III), Sinopec, CITIC Investment Holdings, etc., marking the first time the National Big Fund has invested in the embodied AI sector.

The company's core products include the "Galaxy Star Brain" embodied large model, the Galbot G1 humanoid robot, and the S1 heavy-duty industrial robot. Technically, it uses a fusion of simulation synthetic data and real-machine data for training, building a large-scale embodied AI dataset. Currently, dual-arm robots with a 50kg payload capacity are operating routinely at CATL battery factories, and Galaxy Space Capsule retail units have been deployed in over 20 cities nationwide across more than 100 locations.

Unitree Robotics Faces STAR Market Review on June 1; Ranked #1 Globally in Humanoid Robot Shipments in 2025

On May 25, 2026, an SSE announcement stated that Unitree Robotics will hold a Listing Committee meeting on June 1 to review its STAR Market IPO application, planning to raise 4.202 billion yuan. From acceptance to review, it took only 73 days, sprinting towards becoming the "First A-Share Humanoid Robot Company."

Financial data shows that in 2025, the company's revenue was 1.708 billion yuan, up 335.36% YoY; net profit attributable to parent company shareholders was 288 million yuan, with a gross margin of approximately 60%. That year, humanoid robot shipments exceeded 5,500 units, leading globally; quadruped robot market share exceeded 50%. Core products include Go1/Go2 quadruped robots and H1 humanoid robots. Its full-stack self-developed supply chain reduces the cost of core components by 30%-60% compared to overseas procurement.

YouAi Zhihe Completes Second HKEX Filing, Sprinting Towards "World's First Mobile Manipulation Robot Stock"

In March 2026, YouAi Zhihe completed its second filing with the HKEX, aiming to become the "world's first mobile manipulation robot stock" via the 18C channel. Based on 2024 revenue, YouAi Zhihe ranked first in China's mobile manipulation robot solution market with a 7.1% market share; it also ranked first in the global industrial mobile manipulation robot market with a 6.1% market share. In 2025, the company's revenue was 340 million yuan. Over the past three years, gross margins surged from 26.1% to 36.5% in 2025, an increase of 10.4 percentage points.

Currently, YouAi Zhihe has become a global leader in the mobile manipulation robot field. With OW series and ATS series robots designed specifically for semiconductors, it achieves cross-cleanliness operation, covering the entire industrial chain from silicon wafers and photomasks to wafer manufacturing, packaging, and testing. The company has served over ten domestic and international wafer fabs and established multiple benchmark projects with leading domestic substrate, photomask, and packaging/testing enterprises.

UBTECH Reports 2.001 Billion Yuan Revenue in 2025; Humanoid Robot Sales Surge 358-Fold YoY

HK-listed company UBTECH (9880.HK) released its 2025 financial report, showing total annual revenue of 2.001 billion yuan, up 53.3% YoY; full-size humanoid robot revenue was 820 million yuan, up 2203.7% YoY; sales volume reached 1,079 units, up 35,866.7% YoY; gross margin was 37.7%. For the first time, the humanoid robot business surpassed educational robots to become the largest source of income.

Core product Walker series has entered industrial scenarios such as automotive manufacturing, 3C electronics, and semiconductors, serving multiple Fortune Global 500 companies. The company disclosed a 2026 target for humanoid robot shipments of 5,000 units, representing a 400% YoY increase.

Xingdong Era Raises Nearly 2.5 Billion Yuan in Two Months; Initiates Thousand-Unit Batch Deliveries

From March to April 2026, Xingdong Era completed two consecutive rounds of financing, raising nearly 2.5 billion yuan cumulatively, with a post-money valuation breaking through 10 billion yuan. Investors include SF Group, Sequoia China, IDG Capital, Alibaba, Geely Capital, Samsung, etc.

As a Tsinghua-affiliated full-stack self-developed enterprise, its core products cover the ERA-42 end-to-end embodied model, the Xingdong L7 full-size bipedal humanoid robot, and the Xhand1 anthropomorphic five-finger dexterous hand, with self-developed motors, reducers, and other core components. Currently, the company has partnered with China Post and SF Express to enter over 10 logistics centers in North, East, and South China, officially launching thousand-unit batch deliveries in Q2 2026.

Zhipingfang Completes 12 Rounds of Financing in One Year; Secures 500 Million Yuan Productivity Robot Order

In February 2026, Zhipingfang completed a Series B round of over 1 billion yuan, having finished 12 rounds of financing within one year, with a post-money valuation exceeding 10 billion yuan. Investors include Baidu Ventures, CRRC Capital, Tesla ecosystem partners, Shenzhen Venture Capital, etc.

Core products are the VLA + Spatial Intelligence dual-leading embodied large model and productivity-oriented general-purpose intelligent robots. In 2026, the company secured an order from HKC Corporation for over 1,000 productivity robots over three years, totaling approximately 500 million yuan, recognized as the world's largest single order of its kind. The founding team has a background in Tesla autonomous driving, transferring autonomous driving technology to the embodied AI field, with applications already implemented in automotive manufacturing, semiconductors, biotechnology, and other scenarios.

Industry Trends: Accelerated Implementation in Industrial Scenarios; Faster Capitalization for Top Players

In 2026, the embodied AI industry exhibits three main characteristics: First, industrial scenarios have become the primary driver for implementation, with YouAi Zhihe achieving scaled delivery and stable repeat purchases in semiconductor and energy chemical sectors; Second, the capitalization process is accelerating, with Unitree Robotics, YouAi Zhihe, and others submitting prospectuses, continuously improving exit channels for top companies; Third, self-development capabilities build core barriers, with Galaxy General, Xingdong Era, and Zhipingfang deeply cultivating embodied large models and possessing full-stack self-development capabilities.