Abstract:
In early trading today, Yushu Technology, the first humanoid robot stock on the Science and Technology Innovation Board, fell to 498.7 yuan during the session, falling below the 500 yuan mark for the first time and setting a new low since its listing.
As of the intraday low, the company's total market value was approximately 202.2 billion yuan. Compared with the peak market value of 444.9 billion yuan on the first day of listing, the market value has evaporated by more than 240 billion yuan, and the stock price has fallen by nearly 55%.
Yushu Technology was listed on the Science and Technology Innovation Board on August 19, with an issue price of 150.8 yuan. It immediately shot up to 1,100 yuan at the opening of the listing, with a maximum increase of 629.44%. The market value rushed to 444.9 billion yuan at the opening.
The turnover rate on the first day of listing was as high as 85.28%. A large number of new chips were cashed out on the first day, and then the stock price began to continue to correct.
Market analysts believe that the core of the sharp retracement of this round of stock prices is that the premium in the early stage is too high. The company's dynamic price-to-earnings ratio is extremely high in the early stage of listing. The humanoid robot industry is still in the early stages of industrialization. Large-scale commercial implementation will take a long time, and short-term performance cannot support extremely high valuations. After the financial enthusiasm subsided, valuations quickly returned.
As a leading domestic humanoid robot company,
Ushu Technology’s products cover quadruped robots, humanoid robots, dexterous robotic arms and other products. B-end customers are mainly scientific research institutions and industrial scenes, and C-end consumer products are still in the promotion stage
.Public data shows that Yushu Technology’s humanoid robot shipments exceeded 5,500 units in 2025, and humanoid business revenue exceeded quadruped robots for the first time, becoming the largest source of income.
In the first half of this year, operating income was 1.152 billion yuan, a year-on-year increase of 48.5%, and net profit attributable to the parent company was 274 million yuan. Due to a significant increase in R&D, sales and other period expenses, net profit after deducting non-profit expenses was 244 million yuan, a year-on-year decrease of 19.34%.
Although the short-term capital market has cooled down, the long-term prospects of the industry are still divergent, and many institutions are optimistic about the humanoid robot industry space in the long term.
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