对话王兴兴：上市就像高考，宇树科技五成业绩来自“出海”

Core Insights - The founder of Yushu Technology, Wang Xingxing, views the company's upcoming IPO as a significant milestone in its development, marking a transition to a more mature operational phase [1] - Yushu Technology has initiated its IPO counseling with CITIC Securities, with Wang Xingxing controlling 34.7630% of the company's shares [1] - Since 2018, Yushu has generated an average of 50% of its revenue from international markets, and Wang predicts that global humanoid robot shipments will double annually in the coming years [1] Industry Trends - The public's heightened interest in embodied intelligent robots presents both opportunities and challenges, leading to increased competition while providing more resources and promotional opportunities [3] - Wang emphasizes the importance of product quality, competitive pricing, and superior customer experience as fundamental aspects for success in both domestic and international markets [3] Pricing Strategy - Yushu recently launched a new humanoid robot, R1, priced at 39,900 yuan, which is 60,000 yuan lower than the previous model, G1 [4] - The company aims to use competitive pricing to encourage broader adoption and establish a robust ecosystem, including rental markets and participation from secondary developers [4] Short-term Feasibility - Wang notes that while demonstrations of robots are feasible, achieving significant practical value from widespread deployment in homes or factories is currently unrealistic [6] - Smaller humanoid robots are more suited for entertainment and interactive applications, while larger models are intended for practical tasks in industrial settings [6] Technological Advancements - The hardware of robots is deemed sufficient but still requires improvement to achieve greater scalability, lower costs, and higher reliability [7] - The development of embodied intelligence models is identified as the most critical task, with current AI capabilities in robotics falling short of industry needs [7] - Wang highlights the challenges in aligning vast amounts of training data with physical robots, indicating that the requirements for AI models in robotics are significantly higher than those for language models [7] Resource Allocation - Despite Yushu's expansion, it remains relatively small compared to larger AI companies, leading to cautious investment in embodied intelligence model development [8] - Wang believes that superior technology does not solely depend on abundant resources, as smaller teams can achieve outstanding results [8]