Group 1 - The core viewpoint of the article highlights that Yuejiang (02432) has seen a stock price increase of over 25% in the past five trading days, with a current price of 39.76 HKD and a trading volume of 245 million HKD [1] - The company announced plans to initiate an initial public offering (IPO) of RMB ordinary shares and list on the Shenzhen Stock Exchange by December 29, 2025, to enhance business development and competitiveness [1] - The board has approved the commencement of work related to the proposed A-share listing, having engaged a pre-listing advisory firm and submitted a registration application for pre-listing guidance [1] Group 2 - China Galaxy Securities noted that Yuejiang is continuously iterating in areas such as embodied data collection, domain-specific models, learning-based operational control, and core hardware [1] - The company has a strong customer base in industrial manufacturing and is achieving multi-scenario intelligent services in the commercial sector, facilitating the deployment of embodied intelligent products [1] - Yuejiang has released humanoid bipedal/wheeled robots and multi-legged robotic dogs, becoming one of the first companies in China to enter the mass production phase of humanoid robots, securing significant procurement orders from clients like Lens Technology for 1,000 units and a strategic collaboration with Green Source Group for the deployment of 5,000 robotic dogs [1]

Group 1 - The core point of the article is that Shenzhen Yujiang Technology Co., Ltd. plans to launch an initial public offering (IPO) of its shares on the Shenzhen Stock Exchange after successfully listing on the Hong Kong Stock Exchange in December 2024 [1] - Yujiang Technology, founded in 2015, specializes in the development, manufacturing, and commercialization of collaborative robots, ranking first among Chinese companies and second globally in the collaborative robot industry with a market share of 13.0% as of 2023 [1] - The company has received approval from its board to initiate the A-share listing process to enhance its competitiveness and achieve long-term operational goals [1] Group 2 - The trend of Hong Kong-listed companies returning to the A-share market is increasing, with examples such as Bai'ao Saitou and Ying'en Biotechnology, both of which have initiated processes for dual listings [2] - In addition, Everbright Environment, the world's largest waste-to-energy investment and operation company, has announced plans to issue up to 800 million shares to list on the Shenzhen Stock Exchange [2]

Group 1 - Shenzhen Yujiang Technology Co., Ltd. (referred to as "Yujiang") has filed for guidance registration with the Shenzhen Securities Regulatory Bureau on December 30, 2025, for its initial public offering (IPO) [1][2] - The underwriting broker for Yujiang's IPO is Guotai Junan Securities [1][2] - Yujiang announced on December 29, 2025, that it plans to issue ordinary shares in RMB and list on the Shenzhen Stock Exchange to enhance its overall competitiveness and achieve operational goals [1][2]

Group 1 - The core point of the article is that 越疆 (stock code: 02432) is planning to initiate an initial public offering (IPO) of RMB ordinary shares and list on the Shenzhen Stock Exchange to enhance its business development and overall competitiveness [1] - On December 30, shareholders transferred stocks from China Securities Depository and Clearing Corporation Hong Kong to Citibank, with a market value of HKD 10.10 billion, accounting for 7.57% of the total [1] - The company's board of directors has approved the commencement of work related to the proposed A-share listing and has engaged a pre-listing advisory institution, submitting a registration application for pre-listing guidance [1] Group 2 - As of the announcement date, the board has not approved any other plans related to the proposed A-share listing, nor has it submitted any applications to regulatory authorities in China or other regions regarding the proposed A-share listing [1]

Core Viewpoint - The company, 越疆, is planning to initiate an initial public offering (IPO) of its ordinary shares in Renminbi and list on the Shenzhen Stock Exchange to enhance its business development and overall competitiveness [1] Group 1: Shareholder Activity - On December 30, shareholders transferred shares from China Securities Depository and Clearing Hong Kong to Citibank, with a market value of HKD 1.01 billion, accounting for 7.57% of the total shares [1] Group 2: IPO Plans - The board of directors has approved the commencement of work related to the proposed A-share listing [1] - The company has engaged a pre-listing advisory institution and submitted a registration application for pre-listing guidance for the A-share listing [1] - As of the announcement date, the board has not approved any other plans related to the proposed A-share listing nor submitted any applications to regulatory authorities in China or other regions [1]

Group 1 - The company, Yuejiang (02432.HK), announced plans to initiate an initial public offering (IPO) of RMB ordinary shares and a listing on the Shenzhen Stock Exchange to enhance business development and competitiveness [1] - Following the announcement, Yuejiang's stock surged by 13.45%, reflecting strong market interest [1] - Since its listing on the Hong Kong Stock Exchange on December 23, 2024, Yuejiang's stock has shown a strong performance, despite a decline in the second half of 2025 [1] Group 2 - Yuejiang specializes in the development, manufacturing, and commercialization of collaborative robots, holding a leading position in technology [1] - According to a report by Zhaoshang Consulting, Yuejiang ranks among the top two in the global collaborative robot industry by shipment volume in 2023 and is the number one in China [1] - The company has a rich product portfolio in collaborative robots, meeting diverse customer needs across various usage scenarios [1] Group 3 - Yuejiang's humanoid robots have achieved technological innovation and integration with industry large models, marking a transition to large-scale production and commercial application [2] - The company has established a strong customer base in industrial manufacturing and is making significant progress in commercializing embodied intelligent products [2] - Yuejiang has received substantial orders for its humanoid robots and strategic collaborations for deploying robotic solutions, indicating tangible advancements in commercialization [2]

Group 1 - The establishment of the humanoid robot and embodied intelligence standardization technical committee is a significant measure to implement the decisions of the central government and enhance high-quality standard supply [1][2] - The committee will focus on the formulation and revision of industry standards in areas such as common foundational technologies, key technologies, components, complete systems, applications, and safety for humanoid robots and embodied intelligence [2] - Huolong Securities maintains a "recommended" rating for the humanoid robot industry, noting that domestic companies are actively engaging in financing and expanding production capacity and market opportunities [2] Group 2 - The stock prices of several companies in the robot sector have risen significantly, with Sanhua Intelligent Control up 9.66%, Yujian up 8.79%, UBTECH up 7.95%, Fourth Paradigm up 4.9%, and Horizon Robotics up 3.9% [1][2]

本文源自：财华网 【财华社讯】截至发稿，越疆(02432.HK)涨15.75%，报39.24港元。消息面上，该公司公布，2025年12 月29日，公司已决定启动首次公开发行人民币普通股及于深圳证券交易所上市计划(建议A股上市;)。董 事会已议决及批准开始有关建议A股上市的相关工作。就建议A股上市而言，公司已委聘上市前辅导机 构，并已提交A股上市前辅导的登记申请。董事会尚未批准有关建议A股上市的其他计划，亦未就建议 A股上市向中国或任何其他地区的相关监管机构提出任何申请。 ...

Group 1 - The core viewpoint of the report is that the collaborative robot industry is expected to see significant growth, with the company projected to achieve revenues of 503 million, 698 million, and 910 million yuan from 2025 to 2027, reflecting growth rates of 34.6%, 38.7%, and 30.3% respectively [1] - The company, established in 2015, is the first to create a comprehensive product matrix for collaborative robots with payloads ranging from 0.25 to 30 kg, and has developed humanoid, wheeled, and multi-legged robots [2] - The global collaborative robot market is expected to grow at a CAGR of over 30% from 2025 to 2028, with the penetration rate in industrial robots projected to increase from 10.7% in 2024 to 21.3% by 2028 [3] Group 2 - The company leads in global collaborative robot shipments, ranking first in China and second worldwide, with a significant increase in the revenue share of six-axis products, which rose by 8.2 percentage points to 61.2% [4] - The company is actively entering the embodied intelligence sector, continuously iterating on core hardware and achieving substantial commercial progress with orders from major clients [5]

每经AI快讯，机器人概念股午后拉升。截至发稿，三花智控(02050.HK)涨12%，报38.26港元；越疆 (02432.HK)涨10.32%，报37.4港元；优必选(09880.HK)涨8.62%，报129.8港元；蓝思科技(06613.HK)涨 5.22%，报25.38港元。 ...