宇树，总能平地炸惊雷。 近日，宇树科技在社交媒体平台官宣了上市进度，其表示正积极推进首次公开募股（IPO）的筹备工作，预计将于10月至12月间向证券交易所提交上市申 请文件。在估值方面，宇树科技最新一轮C轮融资后的投后估值已达120亿元人民币。 "想到很快，但没想到这么快"，这是消息发出后产业内人士共同的声音，自从7月宇树科技披露进入辅导期后，业内都在盯着宇树科技的日程表。只不 过，虽然这份日程表符合正规资本市场的流程，但还是来得稍显快了些。 "宇树科技上市对于产业来说是个全方面的利好消息"。某投资人对具身研习社表示。在他看来，一方面宇树科技有真实大规模营收加持且连续多年盈利， 这对于人形机器人在整个市场提振有明显效果；另一方面。上市这个事本身就有给一级市场注入强心剂的作用，让一级市场看到退出信号，一定程度上能 影响一级市场融资规模扩大。 可见，一个手握订单的宇树科技，能证明人形机器人是商业化的产品，而不是困在poc阶段的试验品。毋庸置疑的是，宇树有望在资本市场再上演一次"春 晚效应"，拉高整体产业的身价。这或许就是有望率先披露招股书的宇树科技，送给产业界最好的礼物。 连续盈利是起点，优化营收结构是未来 声明 ...

Core Insights - Yushu Technology is preparing for an IPO, expected to submit its application between October and December, with a post-financing valuation of 12 billion RMB [2][4][12] - The company's continuous profitability and substantial revenue contribute positively to the humanoid robot market, signaling a potential expansion in the primary market financing scale [5][11] Company Overview - Yushu Technology has achieved significant revenue, with projected sales of approximately 400 million RMB in 2024, driven by quadruped robots (260 million RMB), humanoid robots (120 million RMB), and components (20 million RMB) [8][6] - The company has maintained profitability for four consecutive years since 2020, with a projected net profit nearing 100 million RMB in 2024, showcasing its strong financial foundation [8][10] Market Position - Yushu Technology holds a dominant position in the quadruped robot market, with a projected annual sales volume of 23,700 units in 2024, capturing approximately 69.75% of the global market share [10] - The company has successfully penetrated various sectors, with 80% of quadruped robot sales in research, education, and consumer markets, while humanoid robots focus on similar areas, indicating room for future industrial applications [6][9] Growth Potential - The company aims to diversify its revenue structure, as current reliance on quadruped robots (65% of total revenue) poses risks if market demand fluctuates [11] - Yushu Technology's humanoid robot delivery is projected to exceed 1,500 units in 2024, positioning it competitively within the industry [9] Investment Landscape - The company has completed ten rounds of financing over nine years, with significant backing from various investors, including Sequoia Capital and Tencent, reflecting strong market confidence in its technology and commercial potential [14][17] - The upcoming IPO is seen as a pivotal moment for Yushu Technology, not only for shareholder accountability but also as a catalyst for further business expansion and market validation [12][17]