Media sources report that on August 19, Unitree Robotics experienced a remarkable surge in its stock price, opening 629% higher at RMB 1,100 per share. This translated to a single lot yield of RMB 474,600 and propelled the company's total market capitalization to a staggering RMB 444.9 billion. According to the Tianyancha App, Unitree Robotics Co., Ltd. was founded in August 2016 with an initial registered capital of approximately RMB 360 million. Wang Xingxing serves as the company's legal representative. The company's operations span the research, development, and sales of intelligent robots, as well as industrial robot manufacturing. It is jointly owned by Wang Xingxing, Hanhai Information Technology (Shanghai) Co., Ltd., and other investors. Since the start of this year, Unitree Robotics has expanded its footprint by establishing two new subsidiaries: Shanghai Tuotian Zhilian Technology Co., Ltd. and Hangzhou Unitree Xingmeng Technology Co., Ltd.