Core Viewpoint - Yushu Technology is actively preparing for its IPO, with plans to submit listing application documents between October and December, achieving a post-financing valuation of 12 billion RMB [1][20]. Group 1: Company Overview - Yushu Technology's IPO is seen as a positive signal for the industry, indicating substantial revenue and profitability, which could boost the humanoid robot market [3]. - The company has established itself as a commercial player in the humanoid robot sector, moving beyond the proof-of-concept stage [4]. - Yushu Technology has maintained profitability for four consecutive years since 2020, with projected net profits nearing 100 million RMB in 2024 [8]. Group 2: Revenue Structure - For 2024, Yushu Technology's revenue is estimated at approximately 400 million RMB, with quadruped robots contributing 260 million RMB, humanoid robots 120 million RMB, and components 20 million RMB [7]. - The sales distribution shows that 80% of quadruped robot sales are in research, education, and consumer sectors, while humanoid robots are focused solely on research and education, indicating potential for market expansion [6]. Group 3: Market Position - Yushu Technology holds a dominant position in the quadruped robot market, with a projected sales volume of 23,700 units in 2024, capturing about 69.75% of the global market share [11]. - The company has achieved significant delivery milestones, with over 1,500 humanoid robots expected to be delivered in 2024, showcasing its competitive edge in the industry [10]. Group 4: Future Outlook - The company aims to optimize its revenue structure and diversify growth engines to mitigate risks associated with over-reliance on quadruped robots, which currently account for 65% of total revenue [12]. - Yushu Technology's founder views the IPO as a critical step towards mature management and operational practices, emphasizing the importance of this process for stakeholders [14].

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]