Unitree Q3 Revenue Jumps 70% to 665 Million Yuan but Net Profit Falls 17.4%, Missing Forecasts

Chinese robot maker Unitree said Q3 revenue rose 70% to 665 million yuan, but net profit fell 17.4% to 112.7 million yuan, below analysts’ 224 million yuan forecast, as R&D spending jumped 249.6% in its first quarterly report since listing.