On August 28, following Unitree Robotics' listing on the STAR Market, its market performance witnessed significant volatility. The stock price adjustment stemmed from a combination of factors, rather than an abrupt shift in the company's underlying fundamentals. From a trading perspective, the scarcity of tradable shares in the initial phase after the new stock's debut, combined with heightened expectations for the humanoid robot sector, triggered a concentrated influx of capital. This drove up the stock price on the first day, with growth prospects already factored in beforehand. Meanwhile, the company's price-to-earnings ratio at the issuance stage soared to 92.92 times, underscoring the market's strong confidence in the sector's growth potential. As market sentiment stabilizes and becomes more rational, the previously inflated expectations are naturally undergoing a correction. However, this stock price adjustment does not undermine the long-term development trajectory of the industry. At present, the humanoid robot industry is still in its nascent stages, with the road to large-scale commercialization yet to be clearly charted. Companies generally grapple with challenges such as limited application scenarios and high costs. Nevertheless, firms along the industrial chain are stepping up their efforts to achieve technological breakthroughs, broaden application scenarios, and propel the industry from technical validation to full-fledged commercialization.