宇树科技IPO未能如期推进之谜

Core Viewpoint - The green channel for the IPO of Yushu Technology has been halted, indicating challenges in its listing process [1][6]. Group 1: IPO Progress - As of January 4, 2026, Yushu Technology's IPO prospectus has not been published, confirming delays in its expected timeline for submitting listing materials [6]. - The company had previously announced an expected IPO application submission timeframe between October and December 2025, but this has not materialized [5]. - Comparatively, other IPO projects, such as Blue Arrow Aerospace, have progressed more smoothly, with their application being accepted just one week after the completion of their advisory work [4]. Group 2: Market Sentiment and Industry Context - There were rumors in mid-December 2025 regarding the slowdown of the green channel mechanism, which affected market sentiment towards Yushu Technology [6]. - Despite these rumors, it has been reported that the green channel mechanism is still operational, with some projects successfully utilizing it [7]. - The robotics sector, including Yushu Technology, is facing difficulties in the A-share IPO market, as evidenced by the withdrawal of applications by other companies like Jiejia Robotics [8]. Group 3: Alternative Strategies - Some robotics companies are opting for alternative strategies to achieve capital operations, such as acquiring existing A-share listed companies [9]. - For instance, Zhiyuan Robotics acquired control of A-share company Weiwei New Materials, while UBTECH is pursuing a similar path with Fenglong Co., benefiting from the current interest in robotics [9].