刚刚，宇树科技IPO时间定了

Core Viewpoint - Yushutech has officially set its IPO timeline, planning to submit its application to the stock exchange between October and December 2025, with relevant operational data to be disclosed at that time [1][3]. Group 1: IPO Progress - Yushutech is actively advancing its IPO preparations, having completed a shareholding reform in May 2023, changing its name to "Hangzhou Yushutech Co., Ltd." [5]. - The company's registered capital increased from 2.889 million to 364 million RMB, a 125-fold increase, and it completed a C-round financing in June 2023, achieving a valuation of 10 billion RMB [5][10]. - On July 18, 2023, Yushutech registered for IPO guidance with the Zhejiang Securities Regulatory Bureau, marking the official start of its IPO process [7][10]. Group 2: Revenue Structure - For 2024, Yushutech's revenue structure is expected to consist of approximately 65% from quadruped robots, 30% from humanoid robots, and 5% from component sales [3]. - About 80% of quadruped robots are utilized in research, education, and consumer sectors, while the remaining 20% are used in industrial applications such as inspection and firefighting [3]. Group 3: Financial Performance - Yushutech is one of the few profitable companies in the robotics sector, having achieved profitability for five consecutive years since 2020, with annual revenue surpassing 1 billion RMB [10][14]. - The company has attracted significant investment from top domestic institutions, completing multiple financing rounds, including a recent C-round that raised nearly 700 million RMB and increased its valuation to 12 billion RMB [19][20]. Group 4: Product Development and Market Position - Yushutech has established itself as a key player in the robotics industry, launching several innovative products, including the quadruped robot Laikago and the humanoid robot H1, which has gained significant market attention [19][24]. - The company has successfully transitioned from a technology follower to a market leader, particularly in the quadruped and humanoid robot segments, demonstrating its ability to commercialize advanced robotics technology [24][27].