宇树科技IPO“加速度” 点燃人形机器人赛道

Core Insights - The robotics sector is experiencing significant momentum, with Yushu Technology emerging as a key player, particularly after its collaboration with "Jay Chou concept stock" Giant Legend, which led to a stock price surge of over 36% on the announcement day [1][2] - Yushu Technology has initiated its IPO process with a valuation of 12 billion yuan, and industry insiders predict it may become a new market leader on the Sci-Tech Innovation Board [1][2] - The human-shaped robot industry is entering a "golden window period," with increasing investments and a surge in IPO applications from various companies in the robotics supply chain [4][5] Company Developments - Yushu Technology has delivered 1,500 humanoid robots and achieved over 1 billion yuan in revenue, marking a rapid ascent in just ten years [2] - The company has secured a top-tier IPO advisory team, including CITIC Securities as the sponsor, and completed a C+ round financing of nearly 700 million yuan, raising its post-investment valuation to over 12 billion yuan [2] - Yushu Technology launched its third humanoid robot, Unitree R1, priced at 39,900 yuan, significantly lower than its first model, and has integrated advanced features such as multimodal capabilities [3] Industry Trends - In the first half of 2025, 13 companies in the robotics supply chain submitted IPO applications, covering various segments like industrial robots and core components [4] - The global humanoid robot sector has seen over 83 financing events in 2025, with total funding exceeding 14 billion yuan, and Chinese companies accounting for 60% of this funding [4] - The stock prices of related A-share companies have performed well, with average increases of over 15% for those indirectly invested in Yushu Technology [5] Market Projections - The global demand for humanoid robots is projected to reach 30,000 units by 2025, with a market potential of 9 billion yuan, and is expected to grow to 1 million units by 2029, representing a market space of 150 billion yuan [5] - The Chinese humanoid robot market is forecasted to reach 38 billion yuan by 2030, with a compound annual growth rate exceeding 61% from 2024 to 2030 [5]