Group 1: IPO Developments - Moer Thread has officially launched its IPO on the Sci-Tech Innovation Board, with a stock code of "688795," and plans to start subscription on November 24, marking a significant step in China's high-end GPU chip sector [3][4] - Moer Thread is recognized as the only domestic company that has achieved mass production of full-function GPUs, with applications in various fields including AI model training, digital twin, and cloud computing [5] - Yushu Technology has completed its domestic IPO counseling and will soon submit its prospectus, focusing on high-performance quadrupedal and humanoid robots [7][8] Group 2: Company Highlights - Moer Thread's MUSA unified system architecture allows for simultaneous support of AI computing acceleration, graphics rendering, and other advanced functions, establishing a key technical benchmark in the domestic high-end AI chip sector [4] - Yushu Technology has reported annual revenues exceeding 1 billion yuan, maintaining profitability since 2020, with a significant portion of its sales coming from quadrupedal robots [9][8] - Insilico Medicine has updated its prospectus for its Hong Kong IPO, focusing on AI-driven drug development and has established partnerships with major pharmaceutical companies [14][15] Group 3: Market Performance - Seyond Holdings Ltd. (Tudatong) has passed its hearing and plans to list on the Hong Kong Stock Exchange on December 10, specializing in automotive-grade LiDAR solutions [11][12] - Tudatong has delivered approximately 181,131 automotive-grade LiDAR units in the first three quarters of the year, reflecting a year-on-year growth of 7.7% [11] - Insilico Medicine's revenue is projected to grow from $30.15 million in 2022 to $85.83 million in 2024, with a significant increase in gross margin from 63.4% to 90.4% over the same period [15]

Core Viewpoint - The article discusses the completion of the IPO counseling work for Yushu Technology, which is set to submit its prospectus for listing soon, highlighting its strong revenue and growth potential in the robotics industry [3][4]. Group 1: IPO Counseling Completion - Yushu Technology's counseling for domestic listing has been completed, with plans to submit the prospectus soon [4]. - The counseling process identified two main areas for improvement: fundraising project planning and corporate governance [5][6]. Group 2: Corporate Governance Improvements - Initially, Yushu Technology had not appointed independent directors or established specialized committees within the board. The counseling team assisted in enhancing the governance structure, leading to the appointment of three independent directors and the establishment of several board committees [6]. Group 3: Company Overview - Founded in 2016, Yushu Technology focuses on the R&D, production, and sales of high-performance quadrupedal and humanoid robots, as well as dexterous robotic arms [6]. - Yushu Technology is the first company globally to publicly retail high-performance quadrupedal robots and has achieved significant industry application [6]. Group 4: Revenue and Market Position - Yushu Technology reported annual revenue exceeding 1 billion yuan, maintaining profitability since 2020 [10]. - The revenue structure for 2024 indicates that quadrupedal robots, humanoid robots, and related components will account for approximately 65%, 30%, and 5% of sales, respectively [7]. Group 5: Application and Market Segmentation - About 80% of quadrupedal robots are used in research, education, and consumer sectors, while the remaining 20% are applied in industrial fields such as security and firefighting [8]. - All humanoid robot products are utilized in research, education, and consumer markets [8]. Group 6: International Expansion - Since 2018, Yushu Technology has been expanding its overseas business, with international sales accounting for about 50% of its revenue in recent years [9].

Group 1 - The core message of the news is that Yushu Technology has launched its 2026 campus and social recruitment simultaneously, offering a maximum cash reward of 10,000 yuan for successful referrals [1] - The recruitment covers key positions in various fields including algorithms, embedded systems, software, and mechanical design [1] - The referral reward policy aims to attract global talent and support the company's continued development in the field of bipedal and humanoid robotics [1]