以下文章来源于科创日报 ，作者张真 科创日报 . 科创圈都在关注的主流媒体，上海报业集团主管主办，《科创板日报》出品。 近日，深圳市越疆科技股份有限公司（简称"越疆"）在港交所公告称， 公司董事会已议决和批准开始有关建议A股上市的相关工作。 截至目前，公 司已获A股上市辅导备案登记，辅导机构为国泰海通。 资料显示，越疆于2024年12月23日在港交所主板挂牌上市，成为港股"协作机器人第一股"。公司成立于2015年，主营业务为智能机械臂 及其他智能硬件产品的研发、生产、销售，其核心产品为六轴协作机器人，2025年上半年该产品收入9365万元，占总营收的61.2%。 从整体经营状况看，越疆于2025年上半年实现营业收入1.53亿元，较去年同期增长27.1%；净亏损达4087万元，较去年同期收窄31.8%。 对于此次A股上市计划，越疆表示，此举为推动业务发展、增强整体竞争力，并确保达成运营目标及长远发展策略。 越疆的上市计划并非孤例，近半年来，多家机器人企业寻求上市。截至目前，宇树科技IPO辅导进展状态已变更为"辅导工作完成"，距离提 交招股说明书、冲击"A股人形机器人第一股"仅一步之遥。 除此之外， 数家国产头部 ...

Core Insights - The departure of key executives at Zhiyuan Robotics, including President Wei Qiang and co-founder Yan Weixin, has raised questions about the company's direction and management stability [1][2] - The stock price of the target company, Shuangwei New Materials, surged over 1300% following news of Zhiyuan Robotics' intention to acquire a 63.62% stake, indicating strong market enthusiasm for robotics [1][2] - The company is undergoing significant organizational changes, shifting from a functional structure to a product line-based division, which aims to enhance commercialization and accountability [3][10] Company Developments - Wei Qiang and Yan Weixin's departures are seen as part of a broader trend of management turnover within Zhiyuan Robotics, which is a relatively new startup [2][3] - The restructuring of the R&D department into four product-oriented divisions reflects a strategic shift towards self-sustaining business units responsible for their own profitability [10][11] - The company aims to achieve a revenue target of 800 million to 1 billion yuan, indicating ambitious growth plans [10] Market Reactions - The stock price of Shuangwei New Materials rose from 7.78 yuan to 110.48 yuan, showcasing the market's positive reception to Zhiyuan's acquisition plans [1] - However, the Shanghai Stock Exchange has suspended trading for some investors in Shuangwei due to irregular trading activities, highlighting potential market volatility [1] Talent and Management - The internal culture at Zhiyuan Robotics is characterized by high expectations and pressure on R&D staff, leading to notable talent departures [11][12] - The company has attracted a highly educated workforce, with over 60% of R&D personnel holding master's degrees or higher, indicating a strong talent pool [12][13] - The leadership style of new executives, particularly CTO Peng Zhihui, has been described as innovative but lacking in practical product rollout experience, which may affect team dynamics [19][23] Future Outlook - Zhiyuan Robotics is reportedly planning to submit an IPO application by the end of the year, aiming for rapid growth and market entry [23][25] - The company's approach to commercialization and product development will be critical as it navigates the challenges of scaling operations and maintaining product quality [23][24]