The Shanghai Stock Exchange announced that it has accepted the IPO application of Yushu Technology Co., Ltd. for the Sci-Tech Innovation Board. According to the prospectus, Yushu Technology plans to raise RMB 4.202 billion (the same below) through this IPO. The sponsor is CITIC Securities.
The prospectus shows that Yushu's operating revenue last year was RMB 1.708 billion, an increase of 3.35 times year-on-year; the net profit attributable to shareholders was RMB 288 million, an increase of 2.04 times year-on-year; and the profit after deducting non-recurring gains and losses was RMB 600 million, an increase of 6.74 times year-on-year, mainly due to the rapid growth in product sales.
Yushu is a civil robot company focused on the independent research and development, production, and sales of consumer-grade and industrial-grade high-performance general-purpose bipedal/humanoid robots and dexterous robotic arms. In the future, it will continue to layout cutting-edge technology research and development, striving to enhance capital strength, optimize corporate governance, and improve talent incentives through the issuance of shares, while accelerating the high-quality development of the embodied intelligence industry chain, leading the global robotics industry towards large-scale scenario applications through continuous technological innovation