On August 11, CITIC Construction Investment Securities's latest research report indicated that Yushu's IPO pricing exceeded expectations, which is expected to drive the valuation reshaping of in-house manufacturers. Yushu's IPO price is 150.80 yuan/share, corresponding to the issuance market value of about 61 billion yuan, exceeding previous expectations, and is expected to drive the valuation reshaping of in-house manufacturers. Domestic chain manufacturers actively promote multi-dimensional capacity building such as “brain”, “cerebellum”, and “body”, and actively explore applications in multiple industrial and commercial scenarios, and the scale of shipments continues to expand; as the level of generalization of robots increases, it is expected that their implementation scenarios will expand further. Physical AI is the next wave of artificial intelligence. Robots are one of the best physical carriers of AI, and the development trend of the industry is clear. Subsequent Optimus V3 release and mass production progress, new domestic robot product launches, robot companies' IPO promotion, and application implementation will continue to catalyze the sector market. It is recommended to focus on quality links.

On August 11, CITIC Construction Investment Securities's latest research report indicated that Yushu's IPO pricing exceeded expectations, which is expected to drive the valuation reshaping of in-house manufacturers. Yushu's IPO price is 150.80 yuan/share, corresponding to the issuance market value of about 61 billion yuan, exceeding previous expectations, and is expected to drive the valuation reshaping of in-house manufacturers. Domestic chain manufacturers actively promote multi-dimensional capacity building such as “brain”, “cerebellum”, and “body”, and actively explore applications in multiple industrial and commercial scenarios, and the scale of shipments continues to expand; as the level of generalization of robots increases, it is expected that their implementation scenarios will expand further. Physical AI is the next wave of artificial intelligence. Robots are one of the best physical carriers of AI, and the development trend of the industry is clear. Subsequent Optimus V3 release and mass production progress, new domestic robot product launches, robot companies' IPO promotion, and application implementation will continue to catalyze the sector market. It is recommended to focus on quality links.