宇树科技官宣：四季度提交IPO申请

Core Viewpoint - Yushu Technology is preparing for an IPO, with plans to submit filing documents to the stock exchange between October and December 2025, where it will disclose operational data [1]. Revenue Structure - In 2024, the revenue from Yushu's products is expected to be approximately 65% from quadruped robots, 30% from humanoid robots, and 5% from component products [3]. - About 80% of quadruped robots are utilized in research and education, while the remaining 20% are used in industrial inspections and firefighting [4]. - All humanoid robots are designated for research, education, and consumer applications [5]. IPO Preparation - Yushu Technology has initiated its IPO preparations, with CITIC Securities serving as the advisory institution [8]. - The company was established in August 2016 with a registered capital of 364 million yuan, and its major shareholder is Wang Xingxing, who controls approximately 34.76% of the company [8]. - Prior to the IPO advisory, Yushu completed a name change and finalized a C-round financing round, achieving a valuation exceeding 10 billion yuan [8]. Market Trends - The humanoid robot sector is experiencing accelerated competition, with major internet companies like Meituan, JD, and Alibaba becoming significant investors [11]. - The capital market is witnessing a surge in interest in robotics, with several companies, including Yushu, preparing for IPOs or pre-IPO financing rounds, indicating a competitive landscape in the industry [11].