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In the morning session, UBTech's share price experienced a significant surge, as the company successfully clinched a procurement contract worth RMB 250 million for humanoid robots from a prominent domestic enterprise. This monumental deal sets a new global benchmark as the largest contract ever for humanoid robots. The contract primarily encompasses the advanced humanoid robot, Walker S2, with deliveries anticipated to commence within the current year. To date, the Walker series of robots has amassed contracts totaling nearly RMB 400 million. According to an analysis by Citibank, if all orders are fulfilled within the year, UBTech's revenue forecast for 2025 could see an upward revision of 8%. Consequently, Citibank maintains a 'Buy' rating for UBTech.
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