Summary of Conference Call on Yushu Technology and Humanoid Robotics Industry Company and Industry Overview - **Company**: Yushu Technology - **Industry**: Humanoid Robotics Key Points and Arguments - Yushu Technology submitted a listing guidance application, indicating its profitability and future development potential, which may lead to the accumulation of more new projects or products to accelerate the development of the industry chain and boost market confidence [2][4] - Investment in humanoid robotics in the domestic primary market significantly increased in June, doubling compared to May, with financing projects primarily led by established players focusing on commercial closure, suggesting that funds will gradually flow into the industry chain to accelerate development [2][5][6] - Humanoid robots have demonstrated practical application capabilities in certain scenarios, with strong societal support, and industry chain companies are eager to achieve commercial closure through vertical field orders, driving industry development beyond expectations [2][7] - The overseas application of humanoid robots is accelerating, exemplified by Tesla's Optimus robot working in restaurants, which creates a demonstration effect for the domestic market, enhancing confidence among domestic companies and promoting technology and product development [2][8] - Humanoid robots exhibit advantages in interaction, complex task execution, and force control, such as providing items based on consumer needs and completing delivery processes, which will further accelerate their application [2][9][10] Additional Important Insights - The rise in market risk appetite is attributed to several factors, including enhanced national governance capabilities, recognition of the transition between old and new driving forces, easing of external tariff events, and better-than-expected domestic economic data, particularly in Q2 GDP performance [2][11] - Tesla's humanoid robot has recently digested previous negative news and launched a new AI model, GROK 4, which improves interaction and adjusts market expectations positively [3][12] - Upcoming catalysts that may impact the humanoid robotics sector include Tesla's shareholder meeting on July 24 and the World Artificial Intelligence Conference on July 26, which are expected to have a positive influence on market sentiment [2][13] - The unmanned forklift sector shows significant potential, with high demand in logistics and factory sorting and handling, indicating successful commercial application potential [2][14] - There are differing views on the timing of Yushu's listing, with some investors believing it may be too aggressive, while a more reasonable expectation is for a listing before the end of the year [2][15]