宇树科技IPO辅导完成 冲刺人形机器人第一股

Core Viewpoint - Yushu Technology has completed its IPO counseling process and is preparing to submit application materials to the stock exchange for substantive review, marking a significant step towards its public listing [1][3]. Group 1: Company Overview - Yushu Technology, established in 2016, specializes in high-performance quadrupedal and humanoid robots, as well as dexterous robotic arms, and is one of the few companies globally to achieve large-scale retail of quadrupedal robots [3]. - The company's products are utilized in research, education, consumer markets, and some industrial applications, demonstrating a technological edge in embodied intelligence [3]. Group 2: Counseling Process - The counseling agreement with CITIC Securities was signed on July 7, 2025, and the entire counseling process was completed in just 132 days [3]. - During the counseling period, the company upgraded its governance structure, appointed three independent directors, and established four specialized committees within the board [3]. Group 3: Business Structure and Revenue - In 2024, quadrupedal robots are expected to account for approximately 65% of revenue, while humanoid robots will contribute around 30% [3]. - About 80% of the products are sold to research, education, and consumer sectors, with industrial applications making up around 20% [3]. Group 4: Future Plans and Market Position - The founder emphasized the goal of making robots practical tools, with plans to scale up in industrial and emergency sectors before expanding into the household market [4]. - A new 233,000 square meter "Yushu Intelligent Emergency Robot Industrial Park" is set to begin construction in June 2026, with a total investment of 1.24 billion yuan, aimed at supporting post-IPO capacity expansion [4]. - If the review progresses smoothly, Yushu Technology is expected to become the first publicly listed humanoid robot company in A-shares [4]. Group 5: Industry Insights - The IPO process of Yushu Technology will test the capital market's recognition and patience regarding the commercialization of embodied intelligence and serve as an indicator of the maturity of China's high-end robotics industry [4].