Unitree Technology (688836.SH) issued an abnormal trading fluctuation notice after its stock price rose more than 30% over three consecutive trading days. As of October 26, the company's trailing P/E ratio reached 465.22x, significantly exceeding the industry average of 38.54x for general equipment manufacturing. The humanoid robotics firm warned that the industry remains in early commercialization stages with uncertainties in technology maturity and downstream demand. Unitree highlighted challenges including perception accuracy, motion control stability, data accumulation, and software-hardware integration. The company cautioned that if commercialization progress falls short of expectations, revenue expansion and earnings could be affected, posing valuation reversion risks.