Core Viewpoint - The news reports that Yushu Technology's "green channel" for A-share listing has been halted, but the listing itself is not stopped. The company refutes these claims, stating that they have not applied for a "green channel" [1][3]. Group 1 - Media reports suggest that the "green channel" is a mechanism designed to optimize the review process and shorten the listing time by prioritizing and simplifying procedures [3]. - Yushu Technology responded to the media, asserting that the reports misrepresent the facts regarding their listing process and have seriously harmed the company's legal rights [3]. - The company has reported the misleading information to the relevant authorities and is urging the parties involved to retract the false reports, while also reserving the right to pursue legal action [3]. Group 2 - Yushu Technology confirmed that their listing work is progressing normally and that any updates will be disclosed in accordance with legal and regulatory requirements [3].

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。 （转载自第一财经） 1月4日，第一财经记者获悉，宇树科技针对相关媒体不实报道进行了澄清。 以下是宇树科技澄清全文： ...

Core Viewpoint - The news highlights the ongoing IPO process of Yushu Technology despite rumors of the suspension of its "green channel" for listing, emphasizing the company's commitment to transparency and compliance with regulations [2][5]. Group 1: Company Developments - Yushu Technology has denied involvement in the application for the "green channel" and stated that the reports misrepresent its listing progress, which is continuing normally [2]. - The company has been innovating in bionic robots, intelligent motion control, and AI perception since its establishment in 2016, evolving its product line from quadruped robots to humanoid robots [2]. - Yushu Technology gained significant public attention during the 2025 CCTV Spring Festival Gala with its humanoid robot performance, marking a pivotal moment in the industry [2]. Group 2: Industry Trends - The humanoid robotics sector has seen unprecedented investment activity, with notable financing events and IPO preparations from various companies, including Yushu Technology and others [3][4]. - As of August 2025, the primary market financing in the domestic robotics sector reached approximately 38.62 billion, significantly surpassing the previous year's total [4]. - The rapid influx of capital into humanoid robotics raises concerns about potential market bubbles and the maturity of technology and business models within the sector [4][5]. Group 3: Regulatory Environment - The rumors regarding the "green channel" reflect market sensitivity to regulatory changes, indicating a potential cooling of the overheated humanoid robotics sector [5]. - The National Development and Reform Commission has noted that the humanoid robotics industry is still developing, with over 150 companies in the field, many of which are startups or from other industries [5].

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。 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。 1月4日，第一财经记者获悉，宇树科技针对相关媒体不实报道进行了澄清，以下是宇树科技澄清全 文： 编辑：雨林 ...

Group 1 - The green channel for Yushu Technology's A-share listing has been suspended, but the listing itself is not halted. The government aims to cool down the robot sector due to excessive speculation [2] - Yushu Technology is confirmed to meet the listing qualifications and is proceeding through the normal process without applying for the "green channel" [3] - The company has completed its listing guidance work as of November and plans to apply for an IPO in China, potentially becoming the first humanoid robot stock in A-shares [3] Group 2 - The humanoid robot industry is facing challenges in commercialization and technology pathways, with most robots currently limited to basic functions like dancing and boxing [4] - The VLA model, essential for humanoid robots, is encountering difficulties due to the lack of necessary dynamic and three-dimensional data for training [5][6] - Concerns have been raised regarding the validity of large orders announced by manufacturers, with many being framework agreements rather than confirmed contracts, leading to uncertainty in the market [6] - A report from Morgan Stanley highlights that many orders may involve "related party transactions," which could misrepresent actual demand and inflate valuations [6] - High-profile companies are aggressively planning production capacity for humanoid robots, but no firm large-scale orders or production timelines have been confirmed, indicating a potentially unsustainable market [7] - The National Development and Reform Commission has warned about the immaturity of technology routes and commercialization models in the humanoid robot sector, emphasizing the need to prevent oversaturation in the market [7]

1月4日，针对宇树科技上市相关报道，宇树科技方面回应《科创板日报》称：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。 ...

1月4日晚，宇树科技针对相关媒体的IPO不实报道，回应记者称，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。 宇树科技明确表示，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。"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。"宇树科技表示。 1月4日下午，有市场消息称"宇树科技A股上市的绿色通道被叫停，但上市并未叫停。" 一位已投资宇树科技的创投人士彼时向记者称，目前未收到任何宇树科技IPO进程有变化的消息。 二级市场方面，据记者不完全统计，景兴纸业、朗科智能、实益达、吉华集团、金发科技、深信服、卧龙电驱、中科创达等多家上市公司通过参投基金的 方式，间接投资了宇树科技，但持股比例均较为有限。 同日，宇树科技官方还更新了人形机器人的"日常训练"视频。1月4日傍晚，宇树科技发布人形机器人H2最新视频，宇树科技创始人、CEO王兴兴参与出 镜。Ｈ2身高超过一米 ...

Group 1 - The core viewpoint of the article is that Yushu Technology has clarified misinformation regarding its IPO process, stating that recent media reports about its listing status are inaccurate and have harmed the company's rights [3][4]. - Yushu Technology has not applied for a "green channel" for its IPO, contrary to claims made in the media [3][5]. - The company is progressing normally with its IPO work and will disclose relevant updates in accordance with legal regulations [3][4]. Group 2 - Market speculation suggests that Yushu Technology's IPO guidance has concluded, but there has been no official documentation from domestic stock exchanges regarding this [4][5]. - There are indications that Yushu Technology may be utilizing a pre-review mechanism similar to that of Changxin Technology, which allows for a preliminary review of IPO application documents before formal submission [5]. - Several listed companies, including Jingxing Paper and Langke Intelligent, have made indirect investments in Yushu Technology through investment funds, although their shareholding ratios are relatively low [5].

针对宇树科技上市相关报道， 宇树科技方面回应《科创板日报》称：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 。 ...

人民财讯1月4日电，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。 ...