Wang Xingxing, CEO of Unitree Technology, proclaimed, "The entire AI humanoid robot industry is poised to reach new heights." Unitree Technology, a pioneering firm in the research and development of high-performance, versatile robots for both consumer and industrial applications, is renowned for its cost-effective solutions, agile mobility, and open-source ecosystem. Quadruped robots have already made significant inroads into China's power inspection, fire rescue, and other domains, while general-purpose humanoid robots hold vast potential for both consumer and industrial markets. This article, part of the Enterprise Value series on [Profitability], delves into the performance of 43 Unitree Robotics enterprises, evaluating them based on Return on Equity (ROE), Gross Margin, Net Margin, and other key metrics. Please note that the data presented is derived from historical information, serving as a basis for static analysis and not intended as investment advice.

Top 10 Most Profitable Unitree Robotics Companies:

No. 10: Jiangsu Leili

Industry Segment: Motors

Profitability: ROE 9.50%, Gross Margin 27.96%, Net Margin 10.46%

Performance Forecast: ROE has ranged between 9%-11% over the past three years, with the latest forecast averaging 9.88%

Main Product: Stepper motors, contributing 37.21% of revenue with a gross margin of 31.98%

Company Highlights: Jiangsu Leili specializes in intelligent components for household appliances, automotive micro motors, medical instruments, industrial control motors, and related parts. It supplies critical products such as power transmission and planetary actuators for Unitree robot dogs.

No. 9: Wanma Electric Cable Group

Industry Segment: Cable components and others

Profitability: ROE 8.54%, Gross Margin 13.58%, Net Margin 2.89%

Performance Forecast: ROE has steadily risen to 10.82% in the last three years, with the latest forecast averaging 8.15%

Main Product: Power products, accounting for 64.39% of revenue with a gross margin of 10.00%

Company Highlights: Wanma Electric Cable Group manufactures wire and cable, polymer materials, automotive charging equipment, and offers investment and operational services for automotive charging equipment. It supplies composite motion cables for Unitree robot dogs.

No. 8: Best

Industry Segment: Chassis and Engine Systems

Profitability: ROE 10.80%, Gross Margin 34.37%, Net Margin 19.91%

Performance Forecast: ROE has fluctuated between 10%-12% over the past three years, with the latest forecast averaging 10.22%

Main Product: Automotive components, comprising 90.20% of revenue with a gross margin of 32.70%

Company Highlights: Best's product line includes precision turbo parts, intelligent equipment and tooling, and linear motion components. Through its subsidiaries, it provides high-precision screw pairs and guide rail pairs for Unitree robot dogs.

No. 7: Rongsheng Environmental Protection

Industry Segment: Bulk paper

Profitability: ROE 12.65%, Gross Margin 12.55%, Net Margin 10.05%

Performance Forecast: ROE has varied between 8%-17% in the last three years, with the latest forecast averaging 12.90%

Main Product: Sales of base paper and paper products, accounting for 95.21% of revenue with a gross margin of 14.66%

Company Highlights: Rongsheng Environmental Protection specializes in kraft linerboard, high-strength corrugating medium, and corrugated cardboard, among other packaging paperboard products. It indirectly holds shares in Unitree Technology through the Rongteng Venture Capital Fund.

No. 6: Shuanglin Group

Industry Segment: Body accessories and trim parts

Profitability: ROE 4.75%, Gross Margin 18.17%, Net Margin 2.39%

Performance Forecast: ROE has fluctuated between 3%-8% over the past three years, with the latest forecast averaging 18.37%

Main Product: Interior and exterior trim and electromechanical components, contributing 57.56% of revenue with a gross margin of 20.85%

Company Highlights: Shuanglin Group's offerings include automotive interior and exterior trim, precision parts, intelligent control system components, power systems, hub bearings, and ball screws. It supplies ball screw products and related transmission components for Unitree robots.

No. 5: Zhejiang Rongtai

Industry Segment: Other automotive components

Profitability: ROE 27.50%, Gross Margin 35.62%, Net Margin 20.62%

Performance Forecast: ROE has declined to 16.86% in the last three years, with the latest forecast averaging 11.29%

Main Product: Mica products, comprising 98.79% of revenue with a gross margin of 33.02%

Company Highlights: Through innovative materials and lightweight structural design, Zhejiang Rongtai has enhanced the flexibility and endurance of Unitree Technology's quadruped robot dogs by reducing their weight.

No. 4: Leadshine Intelligence

Industry Segment: Robotics

Profitability: ROE 16.55%, Gross Margin 39.15%, Net Margin 15.19%

Performance Forecast: ROE has declined to 11.05% in the last three years, with the latest forecast averaging 14.16%

Main Product: Stepping systems, accounting for 43.32% of revenue with a gross margin of 38.02%

Company Highlights: Leadshine Intelligence provides a range of motor products, including servo motors, stepper motors, and frameless torque motors, for Unitree robot dogs.

No. 3: Autel Robotics

Industry Segment: Automotive electronic and electrical systems

Profitability: ROE 8.60%, Gross Margin 56.52%, Net Margin 9.12%

Performance Forecast: ROE has ranged between 3%-17% over the past three years, with the latest forecast averaging 16.18%

Main Product: Automotive electronic products, contributing 50.88% of revenue with a gross margin of 55.65%

Company Highlights: Autel Robotics and its wholly-owned subsidiary have signed a "Strategic Cooperation Agreement" with Unitree Technology, focusing on the energy and transportation sectors to jointly develop and promote an "air-ground integrated cluster smart solution".

No. 2: Dongmu Co., Ltd.

Industry Segment: Metal products

Profitability: ROE 4.99%, Gross Margin 22.14%, Net Margin 3.57%

Performance Forecast: The highest ROE in the last three years was 7.76%, with the latest forecast averaging 14.25%

Main Product: Powder pressing products, comprising 47.18% of revenue with a gross margin of 25.56%

Company Highlights: As a leading domestic producer of powder metallurgy mechanical structural parts, Dongmu Co., Ltd., supplies key powder metallurgy components to Unitree Technology.

No. 1: Changsheng Bearing

Industry Segment: Metal products

Profitability: ROE 11.97%, Gross Margin 30.95%, Net Margin 15.71%

Performance Forecast: ROE has fluctuated between 7%-17% over the past three years, with the latest forecast averaging 14.96%

Main Product: Metal-plastic polymer self-lubricating rolled bearings, accounting for 35.03% of revenue with a gross margin of 49.33%

Company Highlights: Changsheng Bearing, one of Unitree Technology's bearing suppliers, provides sliding bearings and ball screw products for Unitree robots. Below are the ROE, Gross Margin, and Net Margin figures for the top 10 most profitable Unitree Robotics companies over the last three years: