宇树科技上市误传？绿色通道与预先审阅不同，想上市先搞懂规则

Core Viewpoint - The news discusses the status of Yuzhu Technology's IPO process, clarifying that while there were rumors about the suspension of its "green channel" for listing, the company confirmed that its IPO work is progressing normally and that it has not applied for a "green channel" [1][2]. Group 1: IPO Process and Rumors - Yuzhu Technology had previously announced plans to submit its IPO application between October and December 2025, but as of January 2026, no prospectus has been disclosed, leading to speculation and misinformation [2]. - The possibility of Yuzhu Technology utilizing a pre-review channel for its IPO is mentioned, which was introduced by the China Securities Regulatory Commission (CSRC) to enhance the listing process for quality tech companies [2][3]. Group 2: Green Channel Definition and Regulations - The "green channel" mentioned in the CSRC's guidelines primarily pertains to financing and mergers and acquisitions for key technology enterprises, rather than IPOs [4]. - The CSRC's measures indicate that priority support is given to technology companies that achieve breakthroughs in core technologies, but specific criteria for which companies can access the IPO green channel remain unclear [4][5]. Group 3: Industry Standards and Examples - Companies in sectors such as biomedicine, artificial intelligence, commercial aerospace, and low-altitude economy may qualify for the fifth set of standards on the Sci-Tech Innovation Board, even if they are currently unprofitable [5]. - Examples of companies that have successfully navigated the IPO process without a green channel include Han's Robotics, which completed its listing in under four months, contrasting with others that took significantly longer [7].