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].