132天！宇树科技，完成IPO辅导

Core Viewpoint - Yushu Technology is nearing its IPO, becoming the first humanoid robot company listed in A-shares after completing 132 days of IPO counseling, with the status updated to "counseling acceptance" by CITIC Securities [2][3]. Group 1: IPO Counseling Process - During the counseling process, issues were identified regarding the planning of fundraising investment projects, which were not finalized at the beginning of the counseling period. The counseling team assisted the management in refining the investment project plan to align with future development needs [4]. - The company governance was initially lacking independent directors and specialized board committees. The counseling team helped establish a complete governance system, including the appointment of three independent directors and the formation of several board committees [5]. Group 2: Company Ownership and Market Position - The controlling shareholder and actual controller of Yushu Technology is Wang Xingxing, who directly holds 23.82% of the shares and controls an additional 10.94% through a partnership, totaling 34.76% [5]. - Yushu Technology was the first embodied intelligence enterprise to file for IPO this year, with a counseling agreement signed on July 7. The company aims to submit its listing application between October and December 2025 [6]. Group 3: Market Dynamics and Future Outlook - In 2024, the sales revenue distribution for Yushu Technology's products is projected to be approximately 65% for quadruped robots, 30% for humanoid robots, and 5% for components. Notably, 80% of quadruped robots are used in research, education, and consumer sectors, while humanoid robots are entirely focused on these areas [6]. - The embodied intelligence sector has seen a surge in financing activities this year, with several companies announcing funding rounds. Yushu Technology and other leading firms are initiating IPO plans amid this financing boom [7][8].