Shares of yujie technology plunge after debut

Yujie Technology, the first publicly traded company in China's humanoid robot sector, saw its stock price drop over 4% on September 2, 2026, falling below 550 yuan per share. This marks a 50% decline from its initial public offering (IPO) high of 1,100 yuan. The company, which went public on August 19, 2026, opened at 1,100 yuan, a 629.44% increase from its issuance price of 150.80 yuan. However, it closed at 845 yuan on its first day, with a trading volume of 85.28% and 231 billion yuan in turnover. Yujie Technology, a global leader in high-performance general-purpose robots, leads the market in both quadruped and humanoid robot shipments. In the first half of 2026, the company reported revenue of 1.152 billion yuan, up 48.54% year-on-year, but non-GAAP net profit fell 19.34% to 244 million yuan.