“杭州六小龙”，又一家启动IPO辅导

Core Viewpoint - Half of the "Hangzhou Six Little Dragons" have initiated the listing process, with Hangzhou Yunshen Technology Co., Ltd. officially starting its IPO guidance on December 23, 2025, with CITIC Securities as the advisory institution [1] Company Overview - Hangzhou Yunshen Technology was established on November 29, 2017, with a registered capital of 8.234958 million yuan [2] - The company focuses on embodied intelligence technology innovation and industry applications, specializing in the research, production, sales, and service of quadruped robots, humanoid robots, and core components [3][4] - The controlling shareholder and actual controller of the company is Zhu Qiuguo, who directly holds 1,350,000 shares, accounting for 16.39% of the company's shares [2][4] Recent Developments - On December 9, 2025, the company announced the completion of over 500 million yuan in Series C financing, aimed at increasing R&D investment and talent acquisition [3] - The financing round was led by China Merchants International and Huaxia Fund, with participation from various strategic investors, including funds from China Telecom and China Unicom [3][4] - The company aims to enhance the commercialization and scalability of embodied intelligent robots across various industries, facilitating the deep integration of industrial resources and technological innovation [4] Market Outlook - The embodied intelligence sector is viewed as the next wave of AI, with the humanoid robot market in China projected to reach nearly 38 billion yuan by 2030, growing at a compound annual growth rate of over 61% from 2024 to 2030 [5] - The industry is expected to benefit from the accelerated implementation of "robot+" application scenarios and the continuous improvement of the industrial chain, marking a new window for commercialization [5]