SIASUN(SZ:300024) Zhong Guo Jing Ying Bao·2025-11-17 13:56Core Viewpoint - The rapid progress of IPOs among robotics companies, particularly Yushu Technology, reflects the accelerating capitalization of the robotics industry, driven by technological advancements and market opportunities [1][2][4]. Group 1: Yushu Technology's IPO Progress - Yushu Technology has completed its IPO counseling work, led by CITIC Securities, and plans to apply for a domestic IPO between October and December [1][2]. - The company has undergone several preparatory steps since initiating its IPO counseling in July, including a name change and leadership restructuring [1][2]. - Yushu Technology is recognized as a leading humanoid and quadruped robotics company in China, with significant advancements in core technologies and a projected revenue exceeding 1 billion yuan in 2024 [2][4]. Group 2: Industry Trends and Competitors - Other robotics companies, such as Leju Robotics and Yundong Technology, are also advancing their IPO processes, indicating a trend of multiple companies seeking public listings [3][4]. - The robotics industry is experiencing a surge in interest and investment, with venture capitalists eager to fund projects in this hot sector [2][4]. Group 3: Commercialization Challenges - Despite the excitement around IPOs, the commercialization of robotics applications remains a critical focus, with industry experts emphasizing the importance of practical applications and solutions [4][5][6]. - The high costs of robotic components and the need for AI autonomy are identified as current challenges that could slow down the commercialization process [6]. - The market for embodied intelligence and humanoid robots is projected to grow significantly, with estimates suggesting a market size of 5.295 billion yuan for embodied intelligence in China by 2025 [5][6]. Group 4: Market Performance - The A-share market currently features 206 humanoid robotics concept stocks, with a total market capitalization of 4.83 trillion yuan, and over 94% of these stocks have seen price increases this year [6].