智元机器人完成股改，具身智能上市潮将至？

Group 1 - The core viewpoint of the article is that Zhiyuan Robotics has completed its share reform and name change, which is often seen as a precursor to an IPO, amidst ongoing speculation about its potential listing in Hong Kong [2] - Zhiyuan Robotics has undergone a series of changes including investor name and equity changes, as well as updates to its executive and supervisory board [2] - Other players in the embodied intelligence sector, such as Yushu Technology and Leju Robotics, are also advancing towards IPOs, with Yushu expected to submit its IPO application by the end of Q4 2025 [2] Group 2 - Zhiyuan Robotics, established only three years ago, has achieved a valuation of 15 billion yuan in the primary market, backed by notable investors including LG Electronics, JD.com, Tencent, BYD, and Sequoia China [3] - The company recently completed the acquisition of 63.6232% of the shares of a new materials company, Shangwei New Materials, through agreement transfer and tender offer [3] - Zhiyuan Robotics is projected to have the highest global shipment volume in the coming year, as stated by the district mayor of Pudong New Area, Shanghai [3]