<p>宇树机器人在国内首次公开募股（IPO）上的进展引发了与这一类人形机器人巨头相关股票的购买热潮，交易者纷纷抢购其 IPO 前投资者和商业合作伙伴的股票。在宇树更接近于在上海科技重镇科创板上市之际，投资者正在把握今年最重要的主题投资之一。宇树周一表示，交易所将于下周审核其申请。上海大众公用事业公司的股票周二上涨至 6.03 元，涨幅达到 10%，这是上海证券交易所对主板上市公司允许的最大日波动幅度。房地产开发商北京首都开发的股价上涨 5.2%，至 5.02 元，而化工公司金发科技的股价上涨 5.5%，至 18.57 元。这三家公司早前均披露通过子公司或风险投资基金投资了宇树。参与宇树供应链的江苏蓝天公司和湖南美华智能制造公司也出现了大幅上涨。与此形成鲜明对比的是，中国基准的 CSI 300 指数当天上涨 0.5%。这种购买情绪凸显了投资者对宇树的热情，宇树在其机器人在庆祝中国农历新年的国家赞助的春节联欢晚会上跳舞和表演武术后，知名度大幅提升。投资者认为，中国在与西方国家竞争开发尖端技术的人形机器人市场中具有技术优势。“人形机器人行业正处于从技术突破到规模化商业化的新阶段，” 中国券商万联证券的分析师蔡子林表示。“在政策支持和人工智能大模型的推动下，人形机器人有望成为一个具有巨大潜力的新兴产业。2026 年是验证大规模生产和应用的关键窗口。” 如果上海交易所批准其 IPO，大众公用和北京首都等公司将从其在宇树的投资价值飙升中受益。根据上海交易所的数据，609 家在科创板交易的公司平均市盈率为 101 倍，而主板上市公司的市盈率为 14.3 倍。大众公用早前表示通过一家深圳风险投资公司投资了宇树，但未提供更多细节，而北京首都则表示其一家子公司持有宇树 0.3% 的股份。宇树的供应商在周二的表现也不错。向总部位于杭州的宇树销售锂电池的江苏蓝天公司股价上涨 10%，至 22.35 元。提供宇树减速器配件的湖南美华智能制造公司股价上涨 6.3%，至 33.60 元。根据宇树的招股说明书，计划通过 IPO 筹集 42 亿元人民币（约合 6.188 亿美元）。由于研发支出和销售费用增加，第一季度利润较去年同期下降超过 50%。</p>

大众公用

金发科技

<p>Unitree Robotics 的 IPO 进展导致其投资者和合作伙伴的股票购买激增，上海大众公用的股价上涨了 10%，北京首都开发的股价上涨了 5.2%，金发科技的股价上涨了 5.5%。这种热情反映了投资者对中国类人机器人市场的信心，预计到 2026 年将实现显著增长。尽管由于费用增加，第一季度利润下降了 50%，Unitree 仍计划通过 IPO 筹集 42 亿元人民币</p>

<p>Unitree Robotics’ progress on its domestic initial public offering (IPO) has sparked a buying frenzy of stocks with exposure to the humanoid robot juggernaut, as traders snapped up shares of its pre-IPO investors and business partners. Investors were navigating one of the most important thematic investments this year after Unitree took a step closer to a listing on Shanghai’s tech-heavy Star Market. Unitree said Monday that the exchange authority would vet its application next week. Shares of Shanghai Dazhong Public Utilities, a supplier of power and gas, jumped to 6.03 yuan on Tuesday, a 10 per cent increase, the maximum daily swing allowed by the Shanghai stock exchange for companies listed on its main board. Property developer Beijing Capital Development surged 5.2 per cent to 5.02 yuan, while chemical firm Kingfa Science &amp; Technology climbed 5.5 per cent to 18.57 yuan. All three companies earlier disclosed they had invested in Unitree through either subsidiaries or venture funds. Jiangsu Azure Corp and Hunan Meihu Intelligent Manufacturing, two companies involved in Unitree’s supply chain, also surged. In sharp contrast, China’s benchmark CSI 300 Index ended the day 0.5 per cent higher. The buying sentiment underscores investors’ enthusiasm for Unitree, which has grown in visibility after its robots danced and performed martial arts at the annual state-sponsored Spring Festival Gala celebrating the Chinese New Year. Investors see China as holding a technological edge in the humanoid robot market compared to Western countries, as the world’s largest economies compete to develop cutting-edge technologies. “The humanoid robotic industry is now at a new moment of moving from technological breakthroughs to scaled commercialisation,” said Cai Zilin, an analyst at Wanlian Securities, a Chinese brokerage. “With policy support and the AI large models, humanoid robots are expected to become an emerging industry with huge potential. The year of 2026 is a critical window to corroborate mass production and adoption.” Companies like Dazhong Public and Beijing Capital are set to benefit from soaring values of their investments in Unitree, if the Shanghai exchange approves its IPO. The 609 companies trading on Shanghai’s Star Market traded at an average of 101 times earnings, compared with 14.3 times for the main board-listed ones, according to the data from the Shanghai exchange. Dazhong Public said earlier that it invested in Unitree through a Shenzhen venture-capital firm, without giving more details, while Beijing Capital said that one of its subsidiaries held a 0.3 per cent stake in the robot maker. Unitree suppliers also performed well on Tuesday. Jiangsu Azure Corp, which sells lithium batteries to the Hangzhou-based company, rallied 10 per cent to 22.35 yuan. Hunan Meihu Intelligent Manufacturing, which provides Unitree with decelerator accessory parts, jumped 6.3 per cent to 33.60 yuan. Unitree plans to raise 4.2 billion yuan (US$618.8 million) from the IPO, according to its prospectus. First-quarter profit slumped more than 50 per cent from a year ago on increased research expenditure and sales expenses.</p>
<div class="lb-trans"><p>宇树机器人在国内首次公开募股（IPO）上的进展引发了与这一类人形机器人巨头相关股票的购买热潮，交易者纷纷抢购其 IPO 前投资者和商业合作伙伴的股票。在宇树更接近于在上海科技重镇科创板上市之际，投资者正在把握今年最重要的主题投资之一。宇树周一表示，交易所将于下周审核其申请。上海大众公用事业公司的股票周二上涨至 6.03 元，涨幅达到 10%，这是上海证券交易所对主板上市公司允许的最大日波动幅度。房地产开发商北京首都开发的股价上涨 5.2%，至 5.02 元，而化工公司金发科技的股价上涨 5.5%，至 18.57 元。这三家公司早前均披露通过子公司或风险投资基金投资了宇树。参与宇树供应链的江苏蓝天公司和湖南美华智能制造公司也出现了大幅上涨。与此形成鲜明对比的是，中国基准的 CSI 300 指数当天上涨 0.5%。这种购买情绪凸显了投资者对宇树的热情，宇树在其机器人在庆祝中国农历新年的国家赞助的春节联欢晚会上跳舞和表演武术后，知名度大幅提升。投资者认为，中国在与西方国家竞争开发尖端技术的人形机器人市场中具有技术优势。“人形机器人行业正处于从技术突破到规模化商业化的新阶段，” 中国券商万联证券的分析师蔡子林表示。“在政策支持和人工智能大模型的推动下，人形机器人有望成为一个具有巨大潜力的新兴产业。2026 年是验证大规模生产和应用的关键窗口。” 如果上海交易所批准其 IPO，大众公用和北京首都等公司将从其在宇树的投资价值飙升中受益。根据上海交易所的数据，609 家在科创板交易的公司平均市盈率为 101 倍，而主板上市公司的市盈率为 14.3 倍。大众公用早前表示通过一家深圳风险投资公司投资了宇树，但未提供更多细节，而北京首都则表示其一家子公司持有宇树 0.3% 的股份。宇树的供应商在周二的表现也不错。向总部位于杭州的宇树销售锂电池的江苏蓝天公司股价上涨 10%，至 22.35 元。提供宇树减速器配件的湖南美华智能制造公司股价上涨 6.3%，至 33.60 元。根据宇树的招股说明书，计划通过 IPO 筹集 42 亿元人民币（约合 6.188 亿美元）。由于研发支出和销售费用增加，第一季度利润较去年同期下降超过 50%。</p>
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Unitree’s IPO progress spurs stock buying of firms with exposure to robot maker

Unitree 的 IPO 进展推动了投资者购买与该机器人制造商相关公司的股票