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Unitree Robotics IPO oversubscribed 8,288 times as final online winning rate drops to 0.0181%_我的网站

A |     Beijing, Oct 22 (UNI) Chinese former leader Hu Jintao has been left out of the closing ceremony of the Communist Party Congress, media reports said.

The frail-looking 79-year-old was sitting beside President Xi Jinping when he was approached and led away by officials. No explanation was given.

After its week-long congress, the party is expected to confirm Mr Xi, 69, for a historic third term, according to BBC reports.

The event, held in Beijing every five years, cemented his position as China's most powerful leader since Mao Zedong.

Hu Jintao, who held the presidency between 2003 and 2013, was on stage when two officials approached him. He said something to Xi Jinping, who nodded back.

Then Hu Jintao was escorted out of the Great Hall of the People.

Hu Jintao represents a very different China to that of Xi Jinping. He ran a much more collective leadership and had to balance various factions represented on the Politburo Standing Committee.

As general secretary of the Party, Xi has taken the country in a very different direction with him at the "core" and unable to be challenged.

The new Central Committee does not include Li Keqiang or Wang Yang, both seen as economic liberals, both linked to the ideas of the former administration.

Earlier on Saturday, the Central Committee of 205 senior party officials was elected. Delegates rubber-stamped amendments to the party's constitution endorsing Mr Xi's ideas as guiding principles for China's future.

Mr Xi currently combines the positions of general secretary of the Communist Party, president and head of the armed forces. He is also referred to as Paramount or Supreme leader.

On Sunday he is expected to be officially confirmed for a third term as general secretary and to unveil his new leadership team.

In 2018, he abolished the presidential two-term limit, paving the way for him to rule indefinitely.

UNI GNK SY SHK1744。    

    Visitors watch humanoid robots of Unitree Robotics boxing at the World Intelligence Expo 2026 in Tianjin, North China, on May 30, 2026. The expo brings together over 700 exhibitors to showcase cutting-edge technologies, products and application scenarios in the field of artificial intelligence (AI). Photo: XinhuaDue to intense demand, the final online winning rate of Unitree Robotics' IPO - China's first humanoid robot A-share stock - is razor-thin 0.0181 percent, the company announced on Monday. In plain language: you needed to be one of the lucky 5,525 applicants to get shares. 
Unitree Robotics is heading to the STAR Market of the Shanghai Stock Exchange. The company set the offer price at 150.8 yuan ($22.35) per share, valuing the company at roughly 61 billion yuan on issuance. A total of 40.45 million shares are being offered, the company released its IPO subscription results on Monday, when the IPO subscription started, with payment due by August 12. 
Investors piled in so heavily that the preliminary online subscription multiple hit an eye-watering 8,288.82 times - far above the 100-times threshold that triggers the clawback mechanism, according to Unitree's announcement
Before the clawback, more than 9.78 million accounts had submitted valid applications for a staggering 53.64 billion shares, producing a preliminary winning rate of just 0.012 percent - roughly one in 8,289.
After the adjustment between offline and online tranches, the final online allocation was fixed at 9.707 million shares - about 30 percent of the post-strategic-placement total.
According to a report released by the Smart Analytics Global (SAG) on Monday, Unitree's humanoid robot shipment accounted for 31 percent in the world in the first half of 2026, with shipments rising 170 percent year-on-year to approximately 5,900 units, ranking second after another Chinese robot vendor AGIBOT.
Chinese humanoid robot manufacturers together accounted for 97 percent of global shipment in the first half of the year, remaining the center of the current humanoid robotics boom, SAG report showed.
Global Times
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