Unitree reports 70% surge in quarterly revenue, though AI investment weighs on net profit

Leading Chinese robotics company Unitree Robotics on Wednesday reported a 69. 93 per cent year-on-year increase in quarterly revenue to 665 million yuan (US$99.

7 million), though net profits excluding non-recurring items fell 17. 42 per cent to 105 million yuan, as the company released its first earnings since going public. The results for the three months ending September 30 showed a continued surge in research and…