Core Viewpoint - Leju Intelligent (Shenzhen) Co., Ltd. is preparing for an IPO on the Sci-Tech Innovation Board, with guidance from Dongfang Securities, expected to complete by March to June 2026 [2][3]. Company Overview - Leju was founded in 2016 and focuses on humanoid robots, leveraging the trend of embodied intelligence [2]. - The company has no controlling shareholder, with actual control held by three individuals, who collectively control 33.72% of the company [2]. - The leadership team consists of PhD graduates from Harbin Institute of Technology, including the Chairman and CTO, CEO, and COO [2]. Product and Market Strategy - Leju aims to deliver between 1,000 to 2,000 humanoid robots this year, primarily targeting commercial service scenarios such as research and sales [3]. - The company recently launched two new types of humanoid robots designed for industrial manufacturing tasks, such as box handling and material loading [2]. - The Pre-IPO financing of nearly 1.5 billion yuan will be used to scale production and diversify applications of humanoid robots [3]. Industry Context - The company is positioned to benefit from the Sci-Tech Innovation Board's supportive policies for unprofitable "hard tech" companies [3][4]. - The market for humanoid robots is competitive, with similar companies like UBTECH in Hong Kong generating significant revenue from traditional educational and logistics robots, indicating a need for Leju to diversify its revenue streams [3].