宇树科技上市绿色通道被叫停？王兴兴回应：“乱编的消息”

Group 1 - The green channel for Yushu Technology's A-share listing has been suspended, but the listing itself is not halted. The government aims to cool down the robot sector due to excessive speculation [2] - Yushu Technology is confirmed to meet the listing qualifications and is proceeding through the normal process without applying for the "green channel" [3] - The company has completed its listing guidance work as of November and plans to apply for an IPO in China, potentially becoming the first humanoid robot stock in A-shares [3] Group 2 - The humanoid robot industry is facing challenges in commercialization and technology pathways, with most robots currently limited to basic functions like dancing and boxing [4] - The VLA model, essential for humanoid robots, is encountering difficulties due to the lack of necessary dynamic and three-dimensional data for training [5][6] - Concerns have been raised regarding the validity of large orders announced by manufacturers, with many being framework agreements rather than confirmed contracts, leading to uncertainty in the market [6] - A report from Morgan Stanley highlights that many orders may involve "related party transactions," which could misrepresent actual demand and inflate valuations [6] - High-profile companies are aggressively planning production capacity for humanoid robots, but no firm large-scale orders or production timelines have been confirmed, indicating a potentially unsustainable market [7] - The National Development and Reform Commission has warned about the immaturity of technology routes and commercialization models in the humanoid robot sector, emphasizing the need to prevent oversaturation in the market [7]