Unitree’s shares surged 486% in half a day of trading after its listing, while China’s ChiNext Index fell nearly 5% and the STAR 50 Index dropped more than 6%.

Today, Unitree Robotics went public, with its share price surging 486.12% in the morning session and trading volume exceeding 17.7 billion yuan. However, likely due to adjustments in overseas markets, the three major A-share indices opened lower and trended downward in the morning. As of midday close, the Shanghai Composite Index fell 1.96%, the Shenzhen Component Index dropped 3.97%, the ChiNext Index declined 4.98%, and the STAR 50 Index slid 6.07%. The combined trading volume of Shanghai and Shenzhen bourses in the morning session reached 1.62 trillion yuan, down 18.2 billion yuan from the previous trading day. Over 4,900 stocks across the market declined. On the market front, the humanoid robot concept sector slumped: Shangwei New Materials fell 18.75%, and more than 20 stocks including Jiangsu Beiren, Phoenix Precision, Leader Tech, and Changsheng Bearing dropped over 10%. The MLCC concept, CPO concept, and memory chip sectors led the declines, with multiple stocks including Shengke Communication, VeriSilicon, Sino-Giant, Xice Testing, ACM Research Shanghai, and Hua Hong Semiconductor falling more than 10%.