SIASUN(SZ:300024) Di Yi Cai Jing·2025-09-10 13:17Core Viewpoint - The humanoid robot industry is rapidly preparing for IPOs, with several companies aiming to enter the secondary market, highlighting the competitive landscape for the "first stock" in this sector [1][2]. Group 1: IPO Preparations - Yushu has recently changed its name and is on the verge of an IPO, with expectations to file between October and December 2023 [2]. - At least three other humanoid robot companies in Beijing and Shanghai are also preparing for IPOs, primarily targeting the Hong Kong Stock Exchange [2]. - The urgency for these companies to go public is driven by the need for capital to support growth and development in the humanoid robot sector [2][3]. Group 2: Market Dynamics - The humanoid robot index has increased by 55.90% year-to-date, indicating strong market interest [3]. - Companies like Changsheng Bearing and Aobo Zhongguang have seen significant stock price increases, with gains of over 195% and 240% respectively, reflecting investor enthusiasm for the sector [3]. Group 3: Investment Strategies - Companies are leveraging investments to enhance their valuation narratives, with firms like Zhiyuan establishing funds to invest in early-stage projects within the robotics ecosystem [4]. - Zhiyuan has invested in 15 early-stage projects over the past year, indicating a proactive approach to building a comprehensive investment portfolio [4]. - The dual strategy of investing while securing orders is seen as a way to create an ecological moat, although there are concerns about potential distractions from core business operations [4][12].