On July 2, the China Securities Regulatory Commission approved the registration of Yushu Technology Co., Ltd.'s initial public offering. This approval marks that this "first embodied intelligence stock" is only one step away from officially landing on the A-share market. Its issuance will be implemented strictly in accordance with the prospectus and underwriting plan, and the approval will be valid for 12 months.
Yushu Technology's prospectus disclosed that Yushu Technology's total share capital before the issuance was 364 million shares, and it planned to issue no less than 40.4464 million shares to the public, with the proportion of new shares issued being no less than 10%. It plans to raise 4.202 billion yuan for projects such as the research and development of intelligent robot models.
According to public information, Unitree Robotics is the leading domestic research and development company for civilian footed and humanoid robots, and the world's leading manufacturer of quadruped robot sales. It was founded by Wang Xingxing in Hangzhou in August 2016 and is headquartered in Hangzhou, Zhejiang. It is a national high-tech enterprise and a national-level specialized and special "little giant" enterprise. As of June 2025, the total number of employees exceeds 1,000. The company's core advantage is that it has achieved full-stack self-research of core components such as joint motors, reducers, and controllers. The cost of key components is only about 1/3 of imported products.