Recently, many people have been saying that after Unitree goes public, a single-lot winning would earn 500,000 yuan.

Let’s sort out the logic behind it.

In 2024, Unitree’s revenue was 392 million yuan, with main operating profit of 78 million.

By 2025, revenue shot straight up to 1.708 billion, and main operating profit to 600 million. Revenue increased 4 times, and profit nearly 8 times.

In 2026, the financial report hasn’t been released yet. Many estimates in the market put profit at 900 million—1.2 billion.

If the market values Unitree at 80 billion yuan, and it issues roughly 40 million shares, it could raise 8 billion yuan. The issuance price spread would be around 200 yuan.

Based on 900 million—1.2 billion profit for 2026, this issuance valuation isn’t cheap, but given Unitree’s current growth rate, it’s not completely beyond reason.

What’s truly crazy is what happens after the listing.

The bulls are betting on Unitree’s profits in the coming years. Suppose profit rises from 1.2 billion to 2.4 billion, and then to 4.8 billion—the market starts pricing in the performance for the next two or three years in advance, and that’s how the 500 billion yuan market cap is said to come about.

A 500 billion yuan market cap translates to roughly 1,250 yuan per share.

For one lot, 500 shares are allotted; the payment is 100,000 yuan. After listing, the value would be 625,000 yuan, with a paper gain of 525,000.

Wishing those who get selected a huge feast. Mom’s g—

#宇树科技