Unitree CEO Defends 219x P/E Ratio at IPO, Reveals DeepSeek Investment

量子位 · wechat · 2026-08-10

Unitree founder Wang Xingxing addressed 360 core questions during the company's IPO roadshow. Responding to the controversy over the 219x diluted P/E ratio, he stated that based on 2025 net profit, the P/E is 92.92x, justified by the broad prospects of the embodied AI industry.

Regarding technology and production, DeepSeek participated in the strategic placement with an investment of 141 million RMB, with both parties collaborating on AGI and high-performance robots. Wang revealed Unitree's humanoid robot shipments exceeded 5,500 units in 2025, and they are piloting their proprietary industrial embodied model, UnifoLM-X1-0, in-house. Addressing the "remote-control toy" critique, he clarified that the remote is strictly a safety backup, akin to a steering wheel in autonomous cars.

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