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。 ...

Market Overview - On September 2, the A-share market saw a total of 55 stocks hitting the daily limit up, with 44 stocks remaining after excluding 11 ST stocks, resulting in a limit-up rate of 57.29% [1] Top Gainers - The stock with the highest limit-up order volume was Gongxiao Daji, with 1,098,200 hands, followed by Shanzi Gaoke (986,000 hands), Baiyin Youse (779,600 hands), and Zhaoxin Shares (501,000 hands) [2] - In terms of limit-up order funds, 16 stocks had order amounts exceeding 100 million yuan, with Tianpu Shares, Top Group, and Julun Intelligent leading at 1.06 billion yuan, 457 million yuan, and 398 million yuan respectively [2][3] Sector Highlights Robotics Sector - Multiple stocks in the robotics sector hit the limit up, including Top Group, Zhejiang Rongtai, Longxi Shares, Lushan New Materials, and Tail Shares [4] - Top Group is actively developing robotic body structure components and sensors, while Zhejiang Rongtai is expanding its humanoid robot product capacity [4] Precious Metals Sector - Baiyin Youse and Xibu Gold both saw limit-up, with Baiyin Youse producing 11,773 kg of gold in the first half of the year, a 73.31% increase year-on-year, and 270.54 tons of silver, a 20.49% increase [5][6] Industrial Machinery Sector - Stocks such as Huadong CNC and Qinchuan Machine Tool also hit the limit up, with Huadong CNC focusing on the R&D and production of CNC machine tools [7] Institutional Activity - Liou Shares saw a net buy of over 200 million yuan from institutions, with the top three net buying stocks being Julun Intelligent, Changchun Gaoxin, and Gongxiao Daji [8][9]

官宣启动IPO辅导近两个月后，宇树科技再透露最新上市动态。 9月2日，宇树科技在社交媒体上发帖称，预计将在10月至12月期间向证券交易所提交上市申请文件，届 时公司的相关运营数据将正式披露。 根据证监会网站7月18日消息，宇树科技已在浙江证监局办理辅导备案，并披露了首次公开发行股票并 上市辅导备案报告，保荐券商为中信证券。辅导备案报告显示，宇树科技成立日期为2016年8月26日， 注册资本3.64亿元，法定代表人为王兴兴。 若顺利实现IPO，谁将与王兴兴共享资本盛宴？ 深圳华强7月下旬回应称，该公司与宇树科技已建立合作关系，目前相关业务正处于推进阶段，规模有 待进一步提升。 此外，中际旭创也曾在互动平台回应称，公司未直接持有宇树科技股份，其参投的基金持有该公司部分 股份。 还有一些公司"搭上"宇树科技后，股价一度录得较大涨幅。2月下旬，宝通科技盘中股价一度涨近 18%。彼时，宝通科技常务副总裁陈希等拜访了宇树科技，双方就机器人在工业场景的应用展开深入交 流。 （文章来源：第一财经） 作为人形机器人赛道的明星企业，宇树科技获得多家知名投资机构的青睐。天眼查数据显示，2017年至 今，该公司已完成多轮融资。6月下 ...

Market Overview - A total of 44 stocks hit the daily limit up, while 40 stocks faced limit down, resulting in a sealing rate of 52% [1] - The market experienced fluctuations throughout the day, with the ChiNext index leading the decline [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.87 trillion yuan, an increase of 125 billion yuan compared to the previous trading day [1] - The Shanghai Composite Index fell by 0.45%, the Shenzhen Component Index dropped by 2.14%, and the ChiNext Index decreased by 2.85% [1] Stock Performance Analysis - The advancement rate for consecutive limit-up stocks decreased to 28.57%, with Tianpu Co., Ltd. achieving an 8-day limit-up streak [3] - Stocks such as Zhaoxin Co., Ltd. and Dexin Technology also showed notable performances with 4 and 3 consecutive limit-ups, respectively [3] - Low-priced stocks have gained attention, with Zhaoxin Co., Ltd. and Shanzi Gaoke both performing well [3][16] Sector Highlights - The banking, precious metals, robotics, and oil sectors showed the most significant gains, while sectors like CPO, cross-border payments, PCB, and semiconductors faced declines [1] - The photovoltaic industry saw a rebound due to rising prices of polysilicon, with major companies adjusting their prices upwards [5][24] - The solid-state battery sector remained active, driven by recent capital movements and production benefits [5][18] Gold and Precious Metals - Gold futures reached a historical high, exceeding $3,557.1 per ounce, influenced by expectations of interest rate cuts by the Federal Reserve [6][22] - Precious metals continued to lead the gains in the non-ferrous sector, with stocks like Western Gold and Silver Holdings achieving consecutive limit-ups [6][23] Robotics and AI - The industrial mother machine concept gained traction following the release of a high-quality standard system construction plan [7][20] - Tesla's emphasis on its Optimus robot project has heightened interest in the robotics sector, with several stocks experiencing significant gains [7][13] Solid-State Battery Developments - Recent capital operations in the solid-state battery sector have intensified, with companies like Huayu Automotive announcing acquisitions [18] Conclusion - The market is currently characterized by volatility, with various sectors experiencing mixed performances. The focus on low-priced stocks and emerging technologies like robotics and solid-state batteries indicates potential investment opportunities in these areas [1][5][7][18]

Group 1 - Unitree Robotics is preparing for an IPO, expected to submit documents between October and December 2025 [1] - The revenue structure for 2024 indicates that sales from quadruped robots, humanoid robots, and components account for approximately 65%, 30%, and 5% respectively [1] - About 80% of quadruped robots are used in research and education, while 20% are utilized in industrial applications such as inspection and firefighting [1] Group 2 - The company has completed a shareholding reform, changing its name from "Hangzhou Unitree Technology Co., Ltd." to "Hangzhou Unitree Technology Co., Ltd." [2] - Unitree Robotics has initiated listing guidance with CITIC Securities as the advisory institution [2] - The founder and CEO, Wang Xingxing, holds a total of 34.763% of the company's shares [2]

机构：东吴证券 2025H1 公司整体毛利率为35.0%，同比-3.0pct，主要系教育智能机器人及智能机器人解决方案毛利率降 低引起。 2025H1 公司经营管理提质增效，销售费用率为36.0%，同比-11.9pct，主要系销售费用维持稳定的同时 收入增加；管理费用率为29.8%，同比-14.3pct，主要系股份支付减少人民币380 万元（其中部分被职工 薪酬费用增加人民币98万元所抵消）；研发费用率为35.1%，同比-11.6pct，主要系股份支付减少人民币 353 万元，职工薪酬增加人民币199 万元，以及耗用材料和软件工具增加人民币72 万元。公司经营管理 提质增效，三大费用率都呈下降趋势，带动公司亏损幅度收窄。 全球首例多场景群体协同实训，人形机器人正式迈向商业化应用1）全球首例多场景群体协同实训：公 司持续致力于推动发展「仿人大脑」、「仿人小脑」、「高性能肢体」等关键技术集群，涵盖高性能伺 服驱动器技术、大模型技术、语义VSLAM 技术、学习型运动控制技术、视觉感知技术、多模态交互技 术等人工智能核心技术。通过将群脑网络2.0 与Co-Agent 技术相结合，构建工业级具身智能人形机器人 AI 双 ...

人形机器人被视为工业4.0 核心载体，GGII 预测全球市场规模2030 年达200 亿美元，参考中国服务机器 人市场约占全球市场25%的数值测算，中国市场规模将达50 亿美元。据《制造业人才发展规划指 南》，2025年中国制造业工人缺口将达3000 万，缺口率高达48%，劳动力短缺与成本上升推动人形机 器人需求持续释放。公司以工业版人形机器人为核心战略重点，Walker S 系列持续迭代，深耕汽车等工 业场景。教育端以"双引擎"架构覆盖K12 至职教，物流端推出重载无人叉车、L4 级物流车，消费级推 出宠物护理、户外设备等新品，布局全球渠道，多元领域协同发展。 聚焦技术研发与商业化落地，长期竞争力凸显公司研发投入占比持续超30%，2024 年达4.78 亿元，截 至2024 年6月底，公司人形机器人有效专利数全球第一，发明专利占比近60%，计划扩大研发团队并加 强产学研合作，深度迭代人形机器人全栈式技术，6大研发项目投入明确，升级人形机器人核心技术投 入110.3 百万港元。商业化方面，工业场景聚焦汽车制造、教育与消费级产品奠定市场基础，公司已与 居然智家等企业达成万台级战略合作，精准切入缺口近3000 万 ...

2025.09. 02 本文字数：1178，阅读时长大约2分钟 作者 | 第一财经 周楠 封图 | 王兴兴接受第一财经等记者采访。图片来源：乔心怡 官宣启动IPO辅导近两个月后，宇树科技再透露最新上市动态。 9月2日，宇树科技在社交媒体上发帖称，预计将在10月至12月期间向证券交易所提交上市申请文 件，届时公司的相关运营数据将正式披露。 根据证监会网站7月18日消息，宇树科技已在浙江证监局办理辅导备案，并披露了首次公开发行股票 并上市辅导备案报告，保荐券商为中信证券。辅导备案报告显示，宇树科技成立日期为2016年8月 26日，注册资本3.64亿元，法定代表人为王兴兴。 若顺利实现IPO，谁将与王兴兴共享资本盛宴？ 作为人形机器人赛道的明星企业，宇树科技获得多家知名投资机构的青睐。 融资信息 显示，2017年 至今，该公司已完成多轮融资。6月下旬，该公司完成了去年年底启动的C轮融资交割，由中国移动 名下基金、腾讯、锦秋、阿里、蚂蚁、吉利资本共同领投。 前期融资中，该公司吸引了顺为资本、深创投、红杉资本种子基金等机构。 而在二级市场上，多家上市公司密集回应与宇树科技是否有业务往来。 近期，有投资者提问神州数码，是 ...

Core Viewpoint - Yushu Technology plans to submit its listing application to the stock exchange between October and December 2025, with relevant operational data to be disclosed at that time [1] Group 1: 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 [1] - About 80% of quadruped robots are utilized in research, education, and consumer sectors, while the remaining 20% are applied in industrial fields such as inspection and firefighting [1] - Humanoid robots are exclusively used in research, education, and consumer sectors [1]