Core Viewpoint - Recently, media reports regarding the suspension of the green channel for Yushu Technology's IPO have been refuted by the company, which claims that the reports are misleading and do not reflect the actual situation regarding its IPO process [1][6]. Company Updates - Yushu Technology has stated that it has not applied for a "green channel" for its IPO and has taken steps to address the misleading reports, including notifying regulatory authorities and reserving the right to pursue legal action [1]. - The company is progressing normally with its IPO work, and any updates will be disclosed in accordance with legal and regulatory requirements [1]. Product Development - On January 4, Yushu Technology released a training video of its humanoid robot H2, showcasing its capabilities such as flying kicks and other martial arts moves [1]. - The H2 robot, which stands at 180 cm and weighs 70 kg, was officially launched in October 2025 [1]. Industry Context - Yushu Technology completed its IPO counseling by the end of last year, with CITIC Securities as the advisory institution [6]. - If successful, Yushu Technology will become the first publicly listed humanoid robot company in A-shares, joining other companies like Yundongchu and Leju Robotics that are also pursuing IPOs [6]. - The humanoid robot sector is transitioning from concept validation to a phase of sustained capital investment, with over 210 financing rounds and a total financing amount exceeding 54 billion RMB in 2025 [6].

目前，宇树科技上市工作正常推进，相关进展将依法依规进行披露，感谢社会各界对公司的关心与支 持。 宇树科技曾在2025年9月宣布，预计将在2025年10月至12月期间向证券交易所提交上市申请文件，届时 公司的相关运营数据将正式披露。 随后在2025年11月中旬，宇树科技完成IPO辅导工作。中国证监会官网显示，宇树科技拟申请在境内 IPO，中信证券为辅导机构，这也标志着具身智能领域的重要参与者即将迈入资本市场。 目前，部分A股与港股上市公司均已与宇树科技建立稳定的合作关系，且直接或间接持有宇树科技股 权。据不完全统计，长盈精密、拓邦股份、金发科技、卧龙电驱、中科创达、全志科技等十余家A股公 司持有宇树科技股权。 1月4日，有媒体发布宇树科技上市相关报道，称宇树科技A股上市的绿色通道被叫停，但上市并未叫 停。该报道被众多媒体、网络平台及自媒体大规模转载。 1月4日晚间，针对宇树科技上市相关报道，宇树科技对证券时报记者回应称，该报道涉及宇树科技上市 工作相关动态情况的内容与事实情况不符，宇树科技未涉及申请"绿色通道"相关事宜。 宇树科技表示，相关报道误导公众认知，已严重侵害宇树科技合法权益。宇树科技已向主管部门反映， ...

Market Performance - The automotive sector outperformed the market this week, with a 1.9% increase, ranking 4th among Shenwan sub-industries, surpassing the CSI 300 by 1.8 percentage points [1] - Within the sub-sectors, automotive parts, commercial passenger vehicles, motorcycles and others, and commercial freight vehicles rose by 3.8%, 0.4%, 0.2%, and 0.1% respectively, while passenger vehicles and automotive services fell by 1.3% and 2.3% [1] Investment Recommendations - Recommended core stocks include Geely Automobile, Xpeng Motors, BYD, Berteli, Top Group, New Spring Co., Hu Guang Co., and Chunfeng Power [2][11] - For passenger vehicles, recommended stocks are Geely Automobile, Xpeng Motors, and BYD, with a focus on Jianghuai Automobile [5] - In the parts sector, recommendations include intelligent driving companies like Berteli, Horizon Robotics, and Kobot, as well as new force industry chains such as H chain (Xingyu Co., Hu Guang Co.) and T chain (Top Group, New Spring Co., Shuanghuan Transmission) [5][24] Robotics Sector - Huawei increased its investment in humanoid robots, with Dongguan Jimu Robotics Co., Ltd. raising its registered capital from 3.89 billion to 4.69 billion yuan, focusing on key technologies like machine vision and natural language processing [3][11] - The production progress and technological iteration of Tesla remain core themes, with domestic robot manufacturers like Yushut Technology expected to enter the IPO stage soon, potentially catalyzing the sector [3][11] Policy Impact on Demand - The new national subsidy policy for 2026 aims to stimulate domestic demand, transitioning from a fixed subsidy model to a flexible mechanism based on vehicle price [4][12] - The policy is expected to improve the structure of subsidized models, activating demand for mid-to-high-end vehicle replacements and reducing low-level price competition [4][18] Sales Performance - In December, BYD, Geely, and Changan ranked as the top three automakers by sales, with respective sales of 420,398, 255,000, and 236,817 units, showing a year-on-year change of -18.3%, +1.6%, and +12.7% [4][19] - New energy vehicle sales are projected to benefit from the new subsidy policy, with a focus on the sales targets set by Geely, Zero Run, and Xiaomi for 2026 [19][20] Motorcycle Market - The large-displacement motorcycle market is expanding rapidly, with sales of 250cc and above motorcycles reaching 61,000 units in November, a year-on-year increase of 11.3% [31] - Recommended companies in this sector include Chunfeng Power and Longxin General, which are leading in the large-displacement motorcycle market [31][33] Commercial Vehicle Sector - The heavy truck market saw a significant year-on-year increase of approximately 46% in November, driven by the old-for-new subsidy policy that supports the replacement of older diesel trucks [34][36] - Recommended companies in this sector include Weichai Power and China National Heavy Duty Truck Group [36] Tire Industry - The tire industry is experiencing a strong demand with high operating rates, particularly in the PCR segment, which stood at 72.05% [38] - Recommended companies include Sailun Tire and Senqilin, which are expected to benefit from the ongoing globalization and demand recovery [37][39]

另外宇树科技表示，"目前，公司上市工作正常推进，相关进展将依法依规进行披露。" 2025年7月18日，中国证监会官网信息显示，宇树科技已开启上市辅导，中信证券为辅导机构。2025年 10月，宇树科技公司名称由"杭州宇树科技股份有限公司"变更为"宇树科技股份有限公司"。2025年11月 15日，中国证监会官网显示，宇树科技IPO上市辅导工作完成，宇树科技拟申请在境内IPO。 相关报道误导公众认知，已严重侵害公司合法权益。公司已向主管部门反映，同时督促相关方撤回不实 报道。公司严正声明，后续将保留通过法律手段追责的权利。 1月4日晚，宇树科技发布澄清内容，回应"宇树科技上市绿色通道被叫停"的市场消息。 宇树科技称，近日，某媒体发布宇树科技上市相关报道，并被众多媒体、网络平台及自媒体大规模转 载。该报道涉及公司上市工作相关动态情况的内容与事实情况不符，公司未涉及申请"绿色通道"相关事 宜。 ...

专题：宇树科技回应IPO"绿色通道"被叫停：未涉及申请"绿色通道"相关事宜 近日，某媒体发布宇树科技上市相关报道（下称"该报道"），并被众多媒体、网络平台及自媒体大规模 转载。该报道涉及我司上市工作相关动态情况的内容与事实情况不符，我司未涉及申请"绿色通道"相关 事宜。相关报道误导公众认知，已严重侵害我司合法权益。我司已向主管部门反映，同时督促相关方撤 回不实报道。我司在此严正声明，后续将保留通过法律手段追责的权利。 目前，我司上市工作正常推进，相关进展将依法依规进行披露，感谢社会各界对公司的关心与支持。 目前，我司上市工作正常推进，相关进展将依法依规进行披露，感谢社会各界对公司的关心与支持。 责任编辑：刘万里 SF014 专题：宇树科技回应IPO"绿色通道"被叫停：未涉及申请"绿色通道"相关事宜 近日，某媒体发布宇树科技上市相关报道（下称"该报道"），并被众多媒体、网络平台及自媒体大规模 转载。该报道涉及我司上市工作相关动态情况的内容与事实情况不符，我司未涉及申请"绿色通道"相关 事宜。相关报道误导公众认知，已严重侵害我司合法权益。我司已向主管部门反映，同时督促相关方撤 回不实报道。我司在此严正声明，后续将 ...

【1月4日宇树科技A股上市绿色通道叫停但上市未停】1月4日消息，宇树科技A股上市绿色通道被叫 停，不过上市并未叫停。，宇树科技正在走正常上市流程，其2025年盈利情况不错，预计2026年1月递 交上市申请书。 4日晚间，疑似宇树科技创始人王兴兴在朋友圈回应，称是好几周前被人乱编的消息被 扩大，让大家别当真，也不用对外解释。 截至发稿，未收到企业方面对该消息的回复。 本文由 AI 算法生成，仅作参考，不涉投资建议，使用风险自担 ...

#宇树科技上市正常推进# #宇树科技辟谣上市绿色通道被叫停# 【#宇树科技未涉及申请绿色通道# 】人 民财讯1月4日消息，近日，有媒体发布宇树科技上市相关报道（下称"该报道"），并被众多媒体、网络 平台及自媒体大规模转载。证券时报记者获悉，宇树科技表示，该报道涉及宇树科技上市工作相关动态 情况的内容与事实情况不符，宇树科技未涉及申请"绿色通道"相关事宜。相关报道误导公众认知，已严 重侵害宇树科技合法权益。宇树科技已向主管部门反映，同时督促相关方撤回不实报道。宇树科技在此 严正声明，后续将保留通过法律手段追责的权利。目前，宇树科技上市工作正常推进，相关进展将依法 依规进行披露，感谢社会各界对公司的关心与支持。（证券时报 ） ...

Group 1 - The core viewpoint of the news is that Yushu Technology has responded to false reports regarding its IPO, asserting that the information is misleading and has harmed the company's rights [1] - Yushu Technology has stated that it is progressing normally with its IPO plans and will disclose relevant operational data in accordance with regulations [1] - There are market speculations about Yushu Technology's IPO progress, with some suggesting it may have adopted a pre-review mechanism similar to that of Changxin Technology [2] Group 2 - On January 4, Yushu Technology released a new video showcasing its humanoid robot H2, which demonstrates various skills [2] - Several listed companies, including Jingxing Paper, Langke Intelligent, and others, have made indirect investments in Yushu Technology through investment funds, although their shareholding ratios are relatively limited [2]

对此，宇树科技向经济观察网回应称：上述报道涉及宇树上市动态的内容与事实情况不符，宇树上市过程未涉及申请"绿色通道"相关事宜。目前宇树科技上 市工作正常推进。 记者 任晓宁 1月4日下午，有报道称，宇树科技A股上市的绿色通道被叫停，并指出背后的监管层考量是"目前机器人赛道泡沫太大了""管理层希望能降降温"。 被视为"A股人形机器人第一股"的最强有力竞争者，宇树科技的IPO进程一直被视为具身智能产业资本化的风向标。 2025年7月，宇树科技在浙江证监局办理辅导备案，成为年内率先冲击IPO的具身智能企业。2025年11月，宇树科技完成IPO辅导，辅导机构为中信证券。 A股上市绿色通道是指中国证监会及证券交易所为特定类型企业提供的优先上市审核机制，核心特点是"即报即审、审过即发"。这个机制主要服务于两类企 业：一是突破关键核心技术的科技型企业，例如芯片、航空航天、量子科技等领域的"卡脖子"技术企业；二是来自特定地区（如新疆地区或原贫困地区）的 企业。 2025年5月，中国证监会首席风险官、发行监管司司长严伯进在国务院新闻办新闻发布会上提到，对突破关键核心技术的科技企业适用"绿色通道"政策。 ...

Group 1 - The core point of the article is that rumors regarding the suspension of Yushu Technology's green channel for A-share listing are unfounded, as the company denies any involvement in such matters and is actively pursuing legal action against misleading reports [1][3] - Yushu Technology's IPO counseling began on July 18, 2025, with CITIC Securities as the counseling institution, and the company has completed the IPO counseling work as confirmed by the China Securities Regulatory Commission [3] - If the IPO is successful, Yushu Technology will become the first A-share humanoid robot company, with other companies like Yundongchu and Leju Robotics also starting their IPO processes [3] Group 2 - Yushu Technology claims that recent media reports misrepresent the company's listing status and have harmed its legal rights, prompting the company to report the issue to relevant authorities [1] - The company is continuing its listing work normally and will disclose progress in accordance with legal regulations [1] - The concept of an IPO green channel refers to a prioritized review process that significantly shortens the time from application to listing, typically taking 6-12 months for the Sci-Tech Innovation Board [3]