Yushu Technology IPO, Important Information Disclosure

Ask AI · What drives the surge in Yushu Technology’s performance?

According to the website of the Shanghai Stock Exchange, on March 20, the SSE accepted Yushu Technology Co., Ltd.’s STAR Market IPO application, with a proposed fund-raising amount of RMB 4.202 billion.

The prospectus disclosed by Yushu Technology shows that in fiscal year 2025, the company achieved operating revenue of RMB 1,708.2087 million, up 335.36% year over year. In the same period, it recorded net profit after deducting non-recurring items of RMB 600.1047 million, up 674.29% year over year, mainly due to the rapid growth in the company’s product sales during the period.

On July 8, 2025, Citic Securities and Yushu Technology submitted the materials for filing and recordation for the tutoring (mentorship) arrangement through the regulatory filing system for publicly issued offerings. On July 18, the China Securities Regulatory Commission’s online service platform posted the tutoring recordation report. The tutoring recordation report indicates that Yushu Technology’s controlling shareholder and actual controller is Wang Xingxing. He directly holds 23.8216% of the company’s equity and, through Shanghai Yuyi Enterprise Management Consulting Partnership (Limited Partnership), controls an additional 10.9414% equity stake, for a total control of 34.7630% equity.

Wang Xingxing | Profile photo | Source: China News Service

On September 2, 2025, Yushu Technology issued a statement saying, “The company is actively advancing preparations for an initial public offering (IPO),” and stated, “We expect to submit the listing application documents to the stock exchange between October and December; at that time, relevant operating data will be officially disclosed.”

In October 2025, Citic Securities submitted a “Report on the Progress of Tutoring Work (Phase One).” The report reveals that in 2025, Yushu Technology’s fifth extraordinary general meeting of shareholders approved the resolution on “changing the company name,” deciding that the company be renamed to “Yushu Technology Co., Ltd.” (previously “Hangzhou Yushu Technology Co., Ltd.”).

On October 23, according to the Tianyancha App, Yushu Technology completed the name change. At the same time, Wang Xingxing’s position changed from a director who handles company affairs to chairman of the board.

Yushu Technology humanoid robot G1. Xinhua News Agency photo

In November 2025, the CSRC website showed that Yushu Technology has released a completion report for its IPO tutoring work, and plans to apply for its first public issuance of shares and listing within the People’s Republic of China. Yushu Technology was established on August 26, 2016. It is a high-tech enterprise focused on the independent research and development, production, and sales of consumer-grade and industry-grade high-performance universal legged/humanoid robots and dexterous robotic arms. It was founded by Wang Xingxing.

(Source: Zhangan Street News)