9月2日，宇树科技在社交媒体上宣布，预计将在2025年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。 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。更多细节将在IPO文件中披露。 7月25日，宇树科技正式发布第三款人形机器人"Unitree R1智能伙伴"，该机器人售价3.99万元起，关节 数量达26个，整机重量约25kg，并集成语音和图像多模态大模型，支持开发与定制。 7月18日，中国证监会官网显示，宇树科技开启上市辅导，辅导机构为中信证券，这表明宇树科技正式 启动IPO。 在商业化进程方面，王兴兴在5月公开表示，宇树科技2025年工业机器人订单量同比增长220%，合同金 额突破12亿元，其中明星产品G1四足机器人贡献60%营收。 在财务表现方面，宇树科技创始人兼CEO王兴兴曾在夏季达沃斯论坛上披露，企业年度营收已突破10亿 元人民币。据投资方透露，宇树科技自2020年以来已连续五年实现盈利，在机器人行业中表现突出。 据披露，宇树科技与智元机器人联合中标中国移动（60094 ...

Core Viewpoint - The article highlights the rapid development and commercialization of humanoid robots by Yushu Technology, particularly focusing on the launch of their new model, Unitree R1, and the company's plans for an IPO. Group 1: Product Launch - Yushu Technology launched its third humanoid robot, Unitree R1, priced starting at 39,900 yuan, featuring a lightweight design of approximately 25 kg and integrated multimodal voice and image models [2][3]. - The Unitree R1 boasts 26 joints and is designed for various movements, including kicking, punching, and running downhill, emphasizing its athletic capabilities [3]. Group 2: Market Impact - The introduction of Unitree R1 at a starting price of 39,900 yuan is expected to disrupt the humanoid robot market, where competitors typically price their products between 150,000 to 1 million yuan [3]. - Yushu's previous models, H1 and G1, were priced at 650,000 yuan and 99,000 yuan respectively, indicating a significant price reduction with the R1 model [3]. Group 3: Commercialization Progress - Yushu Technology is accelerating its commercialization efforts, having recently won a contract worth 124 million yuan for humanoid robot services from China Mobile [4]. - The company has also secured contracts for educational and scientific projects, including a 8.26 million yuan project with Tongji University and a 6.27 million yuan project with the China Science and Technology Museum [5]. Group 4: Future Projections - Yushu Technology's founder projected a 220% year-on-year increase in industrial robot orders by 2025, with a contract value exceeding 1.2 billion yuan, primarily driven by the G1 quadruped robot [5]. - The company anticipates selling 23,700 units of its robotic dog in 2024, capturing a 69.75% share of the global market, along with delivering 1,500 humanoid robots, setting a new global record [5]. Group 5: IPO Plans - Yushu Technology has initiated the IPO process, with CITIC Securities as the advisory firm, aiming to submit its IPO application by October 2025 [6]. - The company is classified under the manufacturing sectors of computers, communications, and other electronic devices, as well as general equipment manufacturing [6].

Core Viewpoint - The article emphasizes the potential investment opportunity in Yushu Technology's upcoming IPO, highlighting its low stock price and significant backing from major investors, suggesting a possible market valuation increase. Group 1: Company Overview - Yushu Technology has recently completed a C-round financing led by major investors including China Mobile's fund, Tencent, Alibaba, and others, with a valuation of 12 billion yuan [3]. - The company is actively pursuing an IPO, primarily aiming for the A-share market, with expectations that its market valuation could exceed 100 billion yuan, indicating a potential tenfold increase in value [4]. Group 2: Investment Insights - The largest A-share shareholder of Yushu Technology holds an 18.29% stake, with the stock priced around 3 yuan, suggesting significant growth potential as market interest increases [5]. - Central Huijin has heavily invested in Yushu Technology, acquiring 38.41 million shares, indicating strong institutional confidence in the company's future [5]. Group 3: Related Companies - Jinfa Technology holds a 4.62% stake in Yushu Technology through the Jinshi Growth Fund and has developed lightweight carbon fiber composite materials for the company, reducing costs by 40% [4]. - Zhongke Chuangda holds a 6.7797% stake in a fund that owns 1.8611% of Yushu Technology, providing edge computing modules for real-time environmental sensing and motion control [4].