Yushu Technology Science and Technology Innovation Board IPO review status changed to "Submit for registration"

On June 2, according to disclosures from the Shanghai Stock Exchange, the review status of the IPO of Yushu Technology Co., Ltd.'s Science and Technology Innovation Board was changed to "submit for registration." On June 1, Yushu Technology’s Science and Technology Innovation Board IPO application was reviewed by the Listing Committee of the Shanghai Stock Exchange. It only took 73 days from acceptance on March 20 to successful approval.

According to the prospectus, Yushu Technology plans to publicly issue no less than 40.4464 million shares, with a new share issuance ratio of no less than 10%. It plans to raise 4.202 billion yuan and invest in four major projects: intelligent robot model research and development, robot body research and development, new intelligent robot product development and intelligent robot manufacturing base construction.

In the first quarter of 2026, the company's revenue was 423 million yuan, a year-on-year increase of 68.49%. However, due to a significant increase in R&D and sales expenses during the period, non-net profits declined year-on-year.