SIASUN(SZ:300024) Feng Huang Wang·2025-09-02 11:37Core Viewpoint - Yushu Technology positions itself as a "civilian robotics company" and plans to submit its listing application to the stock exchange between October and December 2025, with operational data to be disclosed at that time [1][2]. Sales Breakdown - In 2024, the sales revenue from quadruped robots, humanoid robots, and component products is expected to account for approximately 65%, 30%, and 5% respectively. About 80% of quadruped robots are used in research, education, and consumer fields, while the remaining 20% are utilized in industrial applications such as inspection and firefighting. Humanoid robots are entirely focused on research, education, and consumer applications [2][3]. Market Focus - Only 13% of Yushu's revenue comes from industrial applications, with the majority derived from research, education, and consumer scenarios, including interaction and performance [3]. Product Development - Yushu Technology recently teased a new humanoid robot, standing 1.8 meters tall and featuring 31 degrees of freedom. The latest humanoid robot, R1, was released on July 25, with a starting price of 39,900 yuan and 26 joints [4]. The company has also applied for a patent related to a digital twin-based robot motion control method, enhancing the robot's ability to adapt to stage environments for improved performance in dance and complex stage presentations [4]. Product Lines - The product lines of Yushu Technology are primarily divided into quadruped robots and humanoid robots. Quadruped robots, including the Go, A, and B series, are designed for various applications such as industrial inspection, security rescue, entertainment, and educational research [5]. Humanoid robots include the H series, aimed at industrial applications with high load and precision, and the G series, which emphasizes flexibility and versatility for commercial services and home assistance [7].