CSB(SZ:300718) Sou Hu Cai Jing·2025-07-07 06:59Group 1 - The core event in the capital market is the IPO process of Yushu Technology, a leader in quadruped robots, which is expected to have a valuation of over 100 billion yuan [1] - Yushu Technology holds a dominant market share of 69.75% in the quadruped robot sector, with its products used in high-barrier fields such as power inspection and industrial automation [1] - The company has achieved a 90% self-research rate for core components in its humanoid robots H1/G1 series, with significant cost reductions and superior technical specifications compared to competitors like Tesla's Optimus [1] Group 2 - Yushu Technology recently completed a Series C financing round with top institutions, resulting in a post-investment valuation of 12 billion yuan [1] - Based on the average price-to-sales ratio of 15 times in the A-share robot industry, Yushu's market value post-IPO could exceed 180 billion yuan, indicating a potential upside of over 10 times from its current valuation [1] Group 3 - Short-term focus should be on the IPO application progress of Yushu Technology, with potential for related concept stocks to experience initial speculation if materials are submitted by year-end [2] - Mid-term tracking of production data and order fulfillment for the H1/G1 robots is crucial, as technological breakthroughs could directly impact valuation [2] - Long-term prospects suggest that if Yushu achieves a "hardware + service" ecosystem and surpasses a 30% global market share, its controlling shareholder could grow into a giant with a market value of 100 billion yuan [2] Group 4 - Several companies have indirect stakes in Yushu Technology, including Jinfat Technology, which holds 0.4575% through the Jingshi Growth Fund, providing materials for Yushu's robots [4] - Wolong Electric Drive also has an indirect stake of 0.1525% through the same fund, supplying motors for Yushu's robots [5] - Other companies like Langke Intelligent and Zhongke Chuangda have indirect holdings and collaborate with Yushu on various technological solutions [6][7]