Utree Technology's registration statement for the ChiNext IPO will be reviewed on June 1st, aiming to raise 4.202 billion yuan.

According to the Shanghai Stock Exchange website on May 25, the Listing Review Committee of the Shanghai Stock Exchange will hold the 31st listing review committee meeting of 2026 on June 1, 2026 to review the listing of Yusuo Technology Co., Ltd. (IPO). The Shanghai Stock Exchange accepted the IPO application of Yusuo Technology Co., Ltd. in March this year, with a planned financing amount of 4.202 billion yuan. According to the prospectus, Yusuo Technology is a world-renowned and internationally leading high-performance general Siasun Robot & Automation company, focusing on the research, development, production, and sales of high-performance general humanoid Siasun Robot & Automation, quadruped Siasun Robot & Automation, Siasun Robot & Automation components, and intelligent models with physical bodies. The company was the first in the world to achieve public sales and industry landing of high-performance quadruped Siasun Robot & Automation, and in recent years, global sales of high-performance general humanoid Siasun Robot & Automation and quadruped Siasun Robot & Automation have maintained a leading position. The company builds a Siasun Robot & Automation product ecosystem through technological innovation, and its humanoid and quadruped Siasun Robot & Automation are widely used by many well-known domestic and foreign universities, research institutions, technology companies, and global developers, especially in overseas markets where they are highly recognized. With a leading global market share and continuous breakthroughs in technological innovation, the company has promoted the industry's technological progress and industrialization of high-performance general Siasun Robot & Automation. Yusuo Technology continues to research and iterate on its humanoid and quadruped Siasun Robot & Automation core products, while also developing intelligent systems such as physical intelligence, reinforcement learning, motion control algorithms, heat management, energy management, motor drive, as well as high-performance motors, reducers, dexterous hands, laser radar, and various sensors, which are core components of Siasun Robot & Automation. Yusuo Technology insists on self-researching the full-stack technology of general Siasun Robot & Automation, continuously enriching its product matrix, leading the innovation and scale implementation of high-performance general Siasun Robot & Automation industry, and has achieved a major market share in the global markets of quadruped Siasun Robot & Automation and humanoid Siasun Robot & Automation, especially gaining high visibility and market share in overseas markets. During the reporting period, the company's total sales of quadruped Siasun Robot & Automation exceeded 33,000 units, establishing its advantageous position in the global quadruped Siasun Robot & Automation market. Additionally, since the launch of its first humanoid Siasun Robot & Automation H1 in 2023 and the medium-sized humanoid Siasun Robot & Automation G1 in 2024, the company's sales of humanoid Siasun Robot & Automation products have experienced rapid growth. In 2025, the company's humanoid Siasun Robot & Automation shipments exceeded 5,500 units (pure humanoid, excluding wheeled dual-arm Siasun Robot & Automation), ranking first in global shipments and demonstrating the company's leading market position in the field of general Siasun Robot & Automation through its self-developed core technology. In terms of performance, since its establishment, Yusuo Technology has achieved outstanding technological innovation in the field of high-performance general Siasun Robot & Automation, continuously breaking numerous industry performance records. For example, in 2020, the A1 quadruped Siasun Robot & Automation achieved a maximum running speed of 3.3 meters per second, becoming the fastest small and medium-sized quadruped Siasun Robot & Automation in China at the time; in 2021, the Go1 quadruped Siasun Robot & Automation increased its running speed to 4.7 meters per second, setting a world record for running speed in a quadruped Siasun Robot & Automation with similar specifications. In the field of humanoid Siasun Robot & Automation, the company's first humanoid Siasun Robot & Automation H1 launched in 2023 successfully completed the world's first high-difficulty action, an electrical drive indoor backflip, and achieved a running speed of over 5 meters per second in 2025, reaching 10 meters per second in 2026, continuously setting new world records for full-size humanoid Siasun Robot & Automation. In terms of finances, in the financial years 2023, 2024, and 2025, the company's operating income was approximately 159 million yuan, 393 million yuan, and 1.699 billion yuan respectively. During the same period, the company's net profit was approximately -11.1451 million yuan, 95.4747 million yuan, and 278 million yuan respectively. In addition, in the reply of the first public offering of shares and the review of the application for listing on the science and technology innovation board issued by the Yusuo Technology Co., Ltd., it was mentioned that during the reporting period, the company achieved operating income of 423 million yuan in the first quarter of 2026, with a year-on-year growth rate falling from 332.64% in the previous year to 68.49%. At the same time, due to a significant increase in period expenses such as research and development expenses and sales expenses, the non-GAAP net profit decreased from 84.8365 million yuan in the same period of the previous year to 40.2536 million yuan, a year-on-year decrease of 52.55%. The company also expects operating income of approximately 1.052 billion to 1.128 billion yuan in the first half of 2026, with a year-on-year growth rate of approximately 35.62% to 45.41%. Due to the rapid increase in period expenses such as research and development investment, the non-GAAP net profit is expected to be approximately 236 million to 283 million yuan, a decrease of approximately 21.97% to 6.43% compared to the same period of the previous year, with a significant reduction in the year-on-year decline compared to the first quarter of 2026.