Biteye
Biteye|Jul 02, 2026 10:43
Yushu Technology's IPO is confirmed! Is there a countdown to the full explosion of embodied intelligence? How to translate Biteye just sorted out the humanoid robot industry chain in the US stock market two days ago. Unexpectedly, today the Chinese capital market dropped a bombshell ⬇️ This afternoon, the China Securities Regulatory Commission officially approved the IPO registration of Yushu Technology, a leading Chinese embodied intelligence company, on the Science and Technology Innovation Board. According to the approval of the China Securities Regulatory Commission, Yushu Technology's initial public offering registration application has been approved. This issuance should be implemented in accordance with the prospectus and underwriting plan submitted to the Shanghai Stock Exchange. The approval is valid for 12 months from the date of registration approval. This means that Yushu Technology is only short of listing on the A-share Science and Technology Innovation Board. In early June, according to official Chinese media reports, Yushu Technology's IPO was valued at 42 billion yuan, with a revenue of 1.699 billion yuan and a net profit of 278 million yuan in 2025. It plans to raise 4.202 billion yuan for four major projects: intelligent robot model research and development, robot body research and development, new product development, and manufacturing base construction. In the past two years, Yushu Technology's valuation has skyrocketed like a rocket, increasing more than tenfold in less than two years. ·The post investment valuation for September 2024 financing is 3.785 billion yuan, ·At the beginning of 2025, between 5 billion and 5.8 billion yuan, ·The post investment valuation in June 2025 is approximately 12 billion yuan, ·IPO issuance in June 2026, with a total of 42 billion yuan Now, early investors have been filled with wealth: one ️⃣ Sequoia China's cumulative investment of about 102 million yuan in 2019 has now become 3 billion yuan in stock market value, two ️⃣ As the largest external shareholder of Yushu Technology, Meituan invested a total of about 400 million yuan through three rounds of investment in 2024. Based on the IPO market value, Meituan's shareholding market value exceeds 4 billion yuan, with a floating profit of about 12 times. The approval of Yushu's IPO registration is a landmark signal that China is pushing "embodied intelligence" to the forefront of industrialization and capitalization, and it is also the second half of AI competition that is extending from big models and chips to robot bodies, motion control, manufacturing capabilities, and real-world data loops. However, the development of Yushu Technology itself has not been smooth sailing. The non GAAP net profit for the first quarter of 2026 decreased by more than half year-on-year, only 40.25 million yuan, and the revenue growth rate plummeted from 332.64% in the same period last year to 68.49%. In addition, the prospectus shows that Yushu Technology's R&D expense ratio for 2025 is only 8.53%, lower than the industry average of 27.92% for listed companies in 2024; The sales expenses increased by 138.34% year-on-year during the same period. It seems that the 42 billion market value and over 150 times P/E ratio corresponding to Yushu Technology's IPO are already significant for hard tech companies. But in the current frenzy of AI investment and the market value of large model companies repeatedly exceeding trillions, do you think that the issuance price of Yushu Technology, as a leading player in China's embodied intelligence, is undervalued? More importantly, what high-quality related targets should be ambushed in the direction of embodied intelligence in the future? Please stock gods type their wealth password in the comment section ⬇️
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