Yushu Technology (688836.SH) plans to be listed on the Science and Technology Innovation Board. The subscription date is August 10

According to the Zhitong Finance App, Yushu Technology (688836.SH) issued an initial public offering of shares and a prospectus of intent to be listed on the Science and Technology Innovation Board. The number of shares to be issued this time is 404.46,400 shares, accounting for 10% of the total share capital after issuance. The initial inquiry date for this offering is August 5, 2026, and the subscription date is August 10, 2026.

The initial strategic placement issuance volume was 80892.86 million shares, accounting for 20.00% of the current issuance. The final strategic placement ratio and amount will be determined after the issuance price is determined on T-2. The total number of shares participating in the strategic placement of Yushu Technology's employee asset management program does not exceed 10% of the current public offering, or 4,044,443 million shares; at the same time, the total subscription amount participating is no more than 271.5 million yuan. The specific ratio and amount will be determined after the issuance price is determined on T-2.

In addition to sponsor-related subsidiaries and employee asset management plans participating in the Science and Technology Innovation Board and investment mentioned above, the company plans to introduce “large insurance companies or their subsidiaries with long-term investment intentions, large national investment funds or their subsidiaries” and “large enterprises with strategic partnerships or long-term cooperative visions with issuers” to participate in strategic placement.

Yushu Technology is a world-renowned and internationally leading high-performance general-purpose robot company. It focuses on the R&D, production and sales of high-performance general-purpose humanoid robots, four-legged robots, robot components, and embodied intelligent models. The company is the first to achieve public sales and industry launch of high-performance four-legged robots worldwide. High-performance general-purpose humanoid robots and four-legged robots have maintained leading global sales in recent years. The company uses technological innovation to build a robot product ecosystem. Humanoid and four-legged robots are widely used by many well-known universities, scientific research institutions, technology companies, and global developers at home and abroad. In particular, they are highly recognized in overseas markets, and have promoted technological progress and industrialization of the high-performance general-purpose robot industry with world-leading market share and continuous breakthroughs in technological innovation.

In the past three full years, the company achieved operating income of 159 million yuan, 393 million yuan, and 1,699 million yuan, and realized net profit attributable to owners of the parent company: 1,1451 million yuan, 95.4747 million yuan, and 27,821.05 million yuan, respectively. From January to March 2026, the company achieved revenue of 423 million yuan, an increase of 68.49% over the previous year. Mainly benefiting from the gradual enrichment of downstream application scenarios for humanoid robots and the continued boom in market demand, the company's humanoid robot product revenue maintained relatively rapid growth. At the same time, as the company's revenue base has increased dramatically, industry popularity gradually eased, and market competition became more intense, the year-on-year growth rate of revenue from January to March 2026 also declined compared to the compound annual growth rate during the reporting period.

After deducting issuance fees, the funds raised this time will be invested in the following projects according to the priority of the project: intelligent robot model research and development projects, robot body research and development projects, new intelligent robot product development projects, and intelligent robot manufacturing base construction projects. The total amount of capital raised to be used is 4.202 billion yuan.