SIASUN(SZ:300024) Zhong Guo Zheng Quan Bao·2025-09-02 22:35Core Viewpoint - Yushu Technology is actively preparing for its IPO, expected to submit listing application documents between October and December, with operational data to be disclosed at that time [1][2] Group 1: Company Progress - Yushu Technology changed its name to Hangzhou Yushu Technology Co., Ltd. in May and has initiated IPO counseling with CITIC Securities as the advisory firm [2] - The company has completed 10 rounds of financing, with the latest C round in June, attracting investments from major firms like China Mobile, Tencent, Alibaba, and others [2] - Yushu Technology's annual revenue has exceeded 1 billion RMB, and the company has approximately 1,000 employees [2] Group 2: Revenue Structure - In 2024, the sales revenue distribution for Yushu Technology is projected to be 65% from quadruped robots, 30% from humanoid robots, and 5% from component products [1] - About 80% of quadruped robots are used in research, education, and consumer sectors, while the remaining 20% are applied in industrial fields such as inspection and firefighting [1] Group 3: Industry Trends - The humanoid robot industry is experiencing significant growth, with manufacturers reporting average growth rates of 50% to 100% due to increased demand and policy support [3] - The global humanoid robot industry is expected to double its shipment volume annually in the coming years, with potential for even larger increases if technological breakthroughs occur [3] - Several humanoid robot companies have recently completed substantial financing rounds, indicating a trend of accelerated capital investment in the sector [4]