宇树终于坐不住了

Core Viewpoint - The article discusses the rapid growth and investment potential of the robotics company Yushutech, highlighting its upcoming IPO and significant market achievements in the field of embodied intelligence [3][4][6]. Company Overview - Yushutech was established on August 26, 2016, with a registered capital of 364.017906 million yuan. The company is controlled by Wang Xingxing, who holds 23.8216% of the shares directly and an additional 10.9414% through a partnership, totaling 34.7630% control [5]. - The company has signed a listing guidance report on July 7, 2025, with CITIC Securities as the advisory institution, indicating its plans to go public [4][6]. Financial Performance - Yushutech's valuation has exceeded 10 billion yuan, and it recently completed a Series C financing round led by major investors including China Mobile, Tencent, Alibaba, Ant Group, and Geely Capital [6][8]. - The company reported an annual revenue of "around ten billion" yuan and has been profitable for five consecutive years [8]. Market Position - Yushutech has captured a significant market share, with sales of its robotic dogs reaching 23,700 units in 2024, accounting for approximately 69.75% of the global market [7]. - The company has also secured a major contract worth 120 million yuan for humanoid bipedal robots, setting a record for contract amounts in the domestic embodied intelligence sector [7]. Investment Journey - Initially, Yushutech struggled to attract investment due to the founder's background, with early funding coming from personal investments rather than institutional support [9][10]. - Over time, notable investment firms such as Sequoia China and others joined Yushutech's shareholder list, particularly after the company gained visibility in 2020 [11]. Founder Background - Wang Xingxing, the founder, has a deep passion for technology and robotics, which he has pursued despite initial skepticism from investors regarding his qualifications [11].