137天，宇树提前完成IPO辅导工作

Core Insights - Unitree Robotics, the world's largest quadruped robot company by shipment volume, has completed its IPO counseling process, allowing it to submit its A-share prospectus [1][3]. Group 1: IPO Progress - The company completed its IPO counseling in just 137 days, significantly faster than the average of 186 days for similar projects in 2024 [3]. - Unitree plans to issue no more than 42 million shares, accounting for up to 10% of the total post-issue share capital, aiming to raise 2.8 billion yuan [3]. Group 2: Market Position - According to a report by Frost & Sullivan, Unitree holds a 62% market share in the global civilian quadruped robot market, which is 3.7 times larger than the second-place competitor, and 78% in the Asia-Pacific region [4]. Group 3: Company Development - The company has evolved from a startup to a leading cash cow in the quadruped robot sector over the past nine years [5]. - The name change from "Hangzhou Unitree Technology Co., Ltd." to "Unitree Robotics Co., Ltd." was made to facilitate national expansion and comply with regulatory guidelines [7]. Group 4: Financial and Governance Structure - The company underwent a VIE structure dismantling and completed cross-border share swaps to return equity to the domestic entity during the counseling period [7]. - A comprehensive financial audit was conducted for the years 2022-2024, resulting in a standard unqualified opinion, with a projected gross margin of 48.2% for 2024 and R&D investment accounting for 18.7% of revenue [9].