Youshu Technology hasn’t bottomed out yet. Here’s the monthly-line stock price of Hong Kong-listed UBTECH: after a sudden surge, it slowly crawls downward. The P/E ratio is 445x; in 2025, the gross margin for full-size humanoid robots improves by 1.3x. Assume that in 2026 the shipment volume hits the top end of Wang Xingxing’s estimate—20,000 units—and that the gross margin improves by 1.3x, meaning profit increases by 2.6x. The P/E ratio drops to 177x. If it falls further to 50x P/E, there are still 3.54x more to drop. 600/3.54 = 170. Based on the actual delivery volume of about 5,000 units in the first half of the year, an annual target of 10,000 units seems reasonable. Then halve it again: 170/2 = 85. For a robot with an average selling price of 166,400 yuan per unit, how long until it reaches your home? $UNITREE