SIASUN(SZ:300024) 3 6 Ke·2026-01-04 09:58Core Viewpoint - Yushu Technology's IPO green channel has been halted, requiring the company to queue for the listing process, which reflects regulatory efforts to cool down the overheating robot sector [2][13]. Group 1: Yushu Technology's IPO Situation - Yushu Technology was expected to submit its IPO application by the end of 2025 but failed to do so by December 31 [1]. - The halt of the green channel does not indicate a bubble in Yushu Technology itself, as the company is projected to exceed 1 billion in revenue in 2024, a significant increase from 437 million in 2023, and has been profitable for consecutive years [3]. - The decision to stop the green channel is seen as a measure to control speculation in the A-share market, particularly in the robot sector [4][13]. Group 2: Market Reactions and Comparisons - A-share companies such as Aowei New Materials, Victory Energy, and Fenglong Co. have seen significant stock price increases due to acquisitions by robot companies, with Aowei New Materials rising over 18 times [5]. - Victory Energy's stock surged from 14.75 to 46.31, marking a 213.97% increase before being suspended by regulators [8]. - Fenglong Co. experienced a similar surge after the announcement of a major acquisition, with its latest market capitalization at 6.927 billion RMB [10]. Group 3: Broader Industry Implications - The halt of Yushu Technology's IPO may impact its position as the first humanoid robot stock in A-shares, with potential long-term effects on its development [13]. - The robot sector in A-shares is expected to face challenges in 2026, particularly with the anticipated mass production of Tesla's humanoid robot, Optimus, which has also faced negative reports [14][15]. - The commercial aerospace sector is emerging as a potential investment focus, with significant growth and opportunities highlighted by recent developments in the industry [18].