9月2日，在社交媒体平台认证的宇树科技账号"Unitree"发布声明称，"公司正积极推进首次公开募股 （IPO）的筹备工作"，并表示"预计将于10月至12月间向证券交易所提交上市申请文件，届时相关运营 数据将正式披露。"中国证券报记者致电宇树科技，确认该消息为官方发布内容。 声明披露了宇树科技营收结构。公司表示，以2024年为例（具体数据以后续IPO备案文件披露的信息为 准）：四足机器人、人形机器人和零部件产品的销售额分别约占总销售额的65%、30%和5%。其中，约 80%的四足机器人应用于科研、教育和消费领域，其余20%应用于巡检、消防等工业领域；人形机器人 全部应用于科研、教育和消费领域。 今年5月，宇树科技公司名称由杭州宇树科技有限公司变更为杭州宇树科技股份有限公司。7月18日，中 国证监会网站信息显示，宇树科技已开启上市辅导，中信证券为辅导机构。按照辅导工作安排，中信证 券将在今年10月至12月对公司是否达到发行上市条件进行综合评估，协助公司按相关规定准备首次公开 发行股票并上市申请文件。 今年6月，王兴兴在夏季达沃斯论坛上表示，宇树科技年度营收已超10亿元，公司规模达到约1000人。 在今年8月举办 ...

Core Viewpoint - Yushu Technology plans to submit its IPO application to the Chinese Securities Regulatory Commission between October and December 2025, with a focus on its product sales structure for 2024 [1][3]. Group 1: IPO Preparation - The company is actively preparing for its IPO, with plans to disclose relevant operational data at the time of filing [3]. - The IPO guidance is being provided by CITIC Securities, which will assist in setting business development goals and evaluating the company's readiness for listing [5]. Group 2: Product Sales Structure - For the year 2024, the sales revenue distribution of Yushu Technology's products is projected to be approximately 65% from quadruped robots, 30% from humanoid robots, and 5% from core components [1][3]. - About 80% of the quadruped robots are intended for research, education, and consumer applications, while the remaining 20% are used in industrial scenarios such as inspection and firefighting [3]. Group 3: Recent Developments - Yushu Technology recently faced a patent dispute with Hangzhou Luweimei Daily Chemical Co., which has filed a lawsuit regarding alleged patent infringement [6]. - The company launched a new quadruped robot, Unitree A2, which weighs approximately 37 kg and features advanced 3D perception technology [6]. Group 4: Market Expansion - Since 2018, Yushu Technology has been expanding its overseas market presence, with an average of 50% of its revenue coming from international sales [7]. - The company anticipates that global shipments of humanoid robots will double annually in the coming years [7].

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9月2日，"杭州六小龙"之一的杭州宇树科技股份有限公司（简称"宇树科技"）宣布，预计于今年四季度向证券交易所 提交上市申请文件。根据中国证监会官网信息，宇树科技IPO已于今年7月在浙江证监局完成辅导备案。 宇树科技将在四季度提交IPO申请 9月2日，宇树科技（Unitree Robotics）在社交平台发文称，公司一直是一家民用机器人公司，根据IPO计划，将在今年10 月至12月之间提交上市文件，届时将披露相关运营数据。 宇树科技表示，以2024年为例，公司四足机器人、人形机器人和组件产品的销售额分别占约65%、30%和5%。其中，约 80%的四足机器人被应用于研究、教育和消费领域，而剩余的20%则被用于工业领域，如检查与消防。人形机器人完全用 于研究、教育和消费领域。 宇树科技还表示，公司一直致力于在民用领域应用高性能通用机器人，并在公司官网、产品手册、合作伙伴协议及其他 各类文件中明确声明了其应用限制。 8月19日，宇树科技发布了一款备受瞩目的新款人形机器人的预告海报，并配以"敬请期待"的神秘文案，引发了行业内外 的广泛关注。根据官方海报所披露的详细信息，这款全新的人形机器人身高达到1.8米，配备了31个 ...

Core Insights - The robotics sector has shown positive performance in the first half of 2025, with nearly 90% of companies achieving profitability [1][3] - Revenue for 120 companies in the robotics sector reached 288.83 billion yuan, a year-on-year increase of 13.81%, with a net profit of 21.62 billion yuan, also up by 13.72% [1] - The second quarter of 2025 saw revenues of 153.24 billion yuan, reflecting a year-on-year growth of 14.65%, and a net profit of 11.37 billion yuan, up by 6.80% [1] Segment Performance - The fastest profit growth was observed in the thermal components and brain-related segments, while the joint assembly, motor, screw, and reducer segments showed stable and substantial profit growth [3] - Seven companies, including Zhengyu Industrial and Daye Co., saw net profit growth rates exceeding 100% in the first half of 2025, with Zhengyu Industrial achieving a remarkable 1133.26% growth in Q2 [3] Profitability and Cost Management - The average gross margin for the robotics sector in H1 2025 was 21.94%, with a net margin of 7.48% and a decreasing expense ratio of 7.22% [4] - In Q2 2025, the gross margin improved to 22.19%, while the net margin slightly decreased to 7.42%, and the expense ratio fell to 6.65% [4] - Core component segments exhibited the strongest profitability, with gross margins reaching 22.54% and net margins at 9.31% [4] Technological Advancements - The pace of technological iteration in robotics has accelerated, with significant advancements in components such as motors and reducers [5] - New materials like PEEK are increasingly used in leading robotic products, enhancing energy efficiency [5] - Innovations in design have led to improved freedom of movement and load capacity in robotic arms, as well as enhanced sensing capabilities in dexterous hands [5][6] Commercialization and Order Growth - The commercialization of robotics has progressed rapidly, with a significant expansion in order volumes [7] - Major contracts include a billion-yuan order from China Mobile and a record-breaking procurement project by UBTECH [7] - The collaboration within the robotics supply chain has deepened, with notable order totals exceeding 100 million yuan for certain companies [7] Investment Analysis - The second half of 2025 should focus on new technology iterations and component market trends, particularly in the automotive and 3C sectors [8][9] - Key players such as Tesla, Huawei, and ByteDance are expected to maintain competitive advantages due to their control over demand scenarios and hardware supply chains [8] - Attention should be given to the supply chain dynamics of Tesla and Zhiyuan, as well as the technological advancements in dexterous hands and motors [9]

Core Insights - The company has completed a small batch trial production of certain robotic products from the US-based K-SCALE company as of August 2025, with future production plans dependent on market feedback [1] Company Developments - The company is actively engaging in the production of robotic products, indicating a strategic move towards automation and technology integration [1] - The completion of the small batch trial suggests that the company is in the process of evaluating the viability and market acceptance of these products [1] Market Considerations - Future production decisions will be influenced by market feedback, highlighting the importance of consumer response in the company's operational strategy [1]

09月02日，A股三大股指全线收跌，上证指数下跌0.45%，深证成指下跌2.14%，创业板指下跌2.85%。主流宽基指数中，科创100指数下跌3.34%，跌幅相对 居前。全市场仅有约1,250余只股票上涨。 | 证券名称 | 日涨跌幅 | 今年以来 涨跌幅 | | --- | --- | --- | | 北证50 | 0.40% | 51.75% | | 中证A50 | -0.14% | 10.61% | | 上证指数 | -0.45% | 15.11% | | 沪深300 | -0.74% | 14.12% | | 中证500 | -2.09% | 21.59% | | 科创20 | -2.13% | 34.31% | | 深证成指 | -2.14% | 20.54% | | 中证1000 | -2.50% | 22.76% | | 科创综指 | -2.71% | 41.60% | | 创业板指 | -2.85% | 34.12% | | 创业板50 | -2.87% | 38.29% | | 科创100 | -3.34% | 45.24% | | West and the a latter of FINA ...

9月2日，在社交媒体平台认证的宇树科技账号"Unitree"发布声明称，"公司正积极推进首次公开募股 （IPO）的筹备工作"，并表示"预计将于10月至12月间向证券交易所提交上市申请文件，届时相关运营 数据将正式披露。"中国证券报记者致电宇树科技，确认该消息为官方发布内容。 声明披露了宇树科技营收结构。公司表示，以2024年为例（具体数据以后续IPO备案文件披露的信息为 准）：四足机器人、人形机器人和零部件产品的销售额分别约占总销售额的65%、30%和5%。其中，约 80%的四足机器人应用于科研、教育和消费领域，其余20%应用于巡检、消防等工业领域；人形机器人 全部应用于科研、教育和消费领域。 今年5月，宇树科技公司名称由杭州宇树科技有限公司变更为杭州宇树科技股份有限公司。7月18日，中 国证监会网站信息显示，宇树科技已开启上市辅导，中信证券为辅导机构。按照辅导工作安排，中信证 券将在今年10月至12月对公司是否达到发行上市条件进行综合评估，协助公司按相关规定准备首次公开 发行股票并上市申请文件。 辅导备案报告显示，宇树科技控股股东、实际控制人为王兴兴，合计控制公司34.7630%股权。 天眼查数据显示，宇树 ...

Core Viewpoint - Yushu Technology positions itself as a "civilian robotics company" and plans to submit its listing application to the stock exchange between October and December 2025, with operational data to be disclosed at that time [1][2]. Sales Breakdown - In 2024, the sales revenue from quadruped robots, humanoid robots, and component products is expected to account for approximately 65%, 30%, and 5% respectively. About 80% of quadruped robots are used in research, education, and consumer fields, while the remaining 20% are utilized in industrial applications such as inspection and firefighting. Humanoid robots are entirely focused on research, education, and consumer applications [2][3]. Market Focus - Only 13% of Yushu's revenue comes from industrial applications, with the majority derived from research, education, and consumer scenarios, including interaction and performance [3]. Product Development - Yushu Technology recently teased a new humanoid robot, standing 1.8 meters tall and featuring 31 degrees of freedom. The latest humanoid robot, R1, was released on July 25, with a starting price of 39,900 yuan and 26 joints [4]. The company has also applied for a patent related to a digital twin-based robot motion control method, enhancing the robot's ability to adapt to stage environments for improved performance in dance and complex stage presentations [4]. Product Lines - The product lines of Yushu Technology are primarily divided into quadruped robots and humanoid robots. Quadruped robots, including the Go, A, and B series, are designed for various applications such as industrial inspection, security rescue, entertainment, and educational research [5]. Humanoid robots include the H series, aimed at industrial applications with high load and precision, and the G series, which emphasizes flexibility and versatility for commercial services and home assistance [7].

瑞财经 刘治颖 据常春藤投资公众号消息，近日，智能割草机器人企业常州来牟科技有限公司（以下简 称：来牟科技）宣布完成数千万元人民币A轮融资，本轮由常春藤资本独家领投，戈壁创投、六脉资 本、天际资本、九合创投、兴富资本等联合投资。 此前公司已完成多轮融资，投资方包括九坤创投、李泽湘教授创立的XbotPark基金和NBT Capital（耐必 信）。本轮融资将用于北美市场渠道拓展、加速新品研发迭代及产能提升。 来牟科技成立于2022年，是一家面向欧美市场的智能庭院机器人企业。其核心产品LYMOW One智能割 草机器人以履带底盘、RTK+AI视觉导航、双刀6000RPM电机等创新，可日割7000㎡草坪，Kickstarter 众筹超726万美元。其产品自5月28日独立站上线，目前累计销售额已达1亿元人民币。公司已与比亚迪 合作代工，日产能150台，产品正批量出口北美。 创始人兼CEO高望书，毕业于香港科技大学，拥有深厚的机器人研发背景，曾是云鲸智能联合创始人兼 CTO，在知名消费电子品牌SharkNinja担任研发总监期间，成功主导打造了年销量突破300万台的北美 市场第一扫地机器人产品。 ...