Gasgoo Munich- a new company named Xixuan Chuangzhi Technology (Wuxi) Co., Ltd. was recently established with a registered capital of 100 million yuan, according to data from Qichacha.
The company's business scope includes integrated circuit design and sales, R&D for intelligent robots, and software development for artificial intelligence theories, algorithms, and applications.
Equity penetration data from Qichacha reveals that the company is jointly held by MetaX, UBTECH, and Fenglong, among others.
Image Source: UBTECH
As previously reported by Gasgoo, UBTECH recorded total annual revenue of 2.01 billion yuan in 2025, up 53.3% year-on-year. The gross margin stood at 37.7%, a significant increase of 9 percentage points from 28.7% in 2024. The net loss for the year narrowed by 31.9% to 790 million yuan, while the adjusted net loss—excluding share-based payments—came in at 691 million yuan, a 24.5% reduction.
Notably, revenue from UBTECH's full-size embodied intelligent humanoid robot products and solutions surged to 821 million yuan in 2025 from just 35.6 million yuan the previous year—a jump of more than 22 times. This segment quickly became the company's largest revenue driver.
In 2025, cumulative sales of UBTECH's full-size embodied intelligent humanoid robots reached 1,079 units, an explosive increase of 35,866.7%.
The Walker S series—comprising the Walker S, Walker S1, and Walker S2—is an embodied intelligence platform designed and iterated by UBTECH to address real-world demands in industrial settings. The third-generation Walker S2 officially began mass production and deliveries at the end of 2025 and is already being deployed across various scenarios.
