宇树科技IPO辅导工作完成，已满足IPO申报前置条件

Core Viewpoint - Yushu Technology Co., Ltd. has completed its IPO counseling work, meeting the pre-application conditions for its IPO, with expectations to submit the IPO application documents between October and December 2025 [2][3]. Group 1: IPO Progress - Yushu Technology entered the counseling acceptance phase on November 14, 2025, with CITIC Securities as the counseling institution and DeHeng Law Offices as the legal advisor [2]. - The company has undergone several preparatory steps since initiating the IPO counseling in mid-July, including a name change to enhance its national brand presence [3]. - If the IPO proceeds smoothly, it is anticipated to be one of the largest and most highly anticipated domestic technology company listings in recent years [3]. Group 2: Company Overview - Founded in 2016, Yushu Technology is a leading developer of humanoid and quadruped robots in China, known for its advanced motion control, perception systems, and intelligent algorithms [3]. - The revenue structure for 2024 is projected to be approximately 65% from quadruped robots, 30% from humanoid robots, and 5% from component products [4]. - About 80% of quadruped robots are utilized in research, education, and consumer sectors, while the remaining 20% are applied in industrial fields [4]. Group 3: Future Goals and Developments - The ultimate goal of Yushu Technology is to enable robots to perform complex tasks and integrate into daily life, although current AI and robotics technology still require further development [4][6]. - The company plans to reduce the price of quadruped robots to around 3,000 to 4,000 RMB to make them more accessible to consumers [6]. - A significant project, the Yushu Intelligent Emergency Robot Industrial Park, has been approved, with a total investment of over 1.24 billion RMB, set to begin construction in June 2026 and complete by June 2028 [8].