Core Viewpoint - The humanoid robotics sector is experiencing a surge in IPO activity, with Leju Intelligent planning to go public in A-shares following the footsteps of other companies like UBTECH and Yujing Technology, indicating strong market interest in this field [2][3]. Group 1: Company Overview - Leju Intelligent has completed its Pre-IPO round of financing, raising nearly 1.5 billion yuan, marking the largest single financing before its IPO [3]. - The company was established in 2016 and has undergone six rounds of financing, with its current valuation exceeding 1 billion USD [3]. - The actual controllers of Leju hold a combined 33.72% of the company's shares, indicating a concentrated ownership structure [3]. Group 2: Market Dynamics - The humanoid robot market is currently characterized by high valuations driven by capital narratives, but there is a growing need for companies to demonstrate real commercial viability [4]. - Experts suggest that the valuation of humanoid robots should focus on their ability to create real value through practical applications rather than just financing amounts or technological showcases [4]. Group 3: Technological Advancements - Leju's humanoid robot "Kua Fu" showcased its capabilities by successfully participating as the torchbearer in the 15th National Games, demonstrating advancements in dynamic motion control and load balancing [2][5]. - The robot's ability to adapt quickly to different tasks, such as the torch relay, highlights its potential for broader commercial applications [5]. Group 4: Commercialization Strategy - Leju's commercialization strategy involves two phases: the first focuses on research and commercial sectors, while the second targets industrial applications [6]. - The company has already deployed its robots in various commercial settings, such as exhibition halls and retail stores, and is also working with industrial clients like FAW Hongqi [6]. - The ultimate goal for Leju is to integrate humanoid robots into everyday life, addressing needs in health care and companionship, while also collaborating with over 40 partners to make robots more accessible to consumers [6].