According to the CITIC Construction Investment Research Report, the robot main line “mass production rhythm+capitalization” has been implemented as a double catalyst. Yu Shu officially determined the issuance price of 150.8 yuan/share and the issuance market value of 61 billion yuan. The distribution was 45% higher than the original fund-raising plan, and the match list presented a strong combination of “technical allies+industry giants+national team”, which exceeded expectations; the other is that it is expected to guide capital coverage algorithms, complete manufacturing, core components, and scenario operations throughout the entire chain after listing to strengthen leading demonstrations and accelerate industrial collaboration. Currently, market expectations for the robot sector are weak, but according to industry chain research, Optimus is already in the process of mass production, and the robot industry, which has been fermented for 4-5 years, is expected to face an inflection point; in addition to Yushu/Yunshen's IPOs impacting the IPOs, Zhiyuan/Galaxy General/Zhongxingjiang/Puru, etc. may also update their capitalization progress this year; at the same time, mass production of domestic robots and scenario verification are being accelerated simultaneously. Therefore, we emphasize the investment strategy — long-term layout, allocation at low prices, and focus on core goals. It is recommended to focus on the configuration values of the following indicators, including the Tesla chain's high win rate, the direction of technological iterative upgrading, undervaluation with poor expectations; and a domestic chain with the ability to release volume.

According to the CITIC Construction Investment Research Report, the robot main line “mass production rhythm+capitalization” has been implemented as a double catalyst. Yu Shu officially determined the issuance price of 150.8 yuan/share and the issuance market value of 61 billion yuan. The distribution was 45% higher than the original fund-raising plan, and the match list presented a strong combination of “technical allies+industry giants+national team”, which exceeded expectations; the other is that it is expected to guide capital coverage algorithms, complete manufacturing, core components, and scenario operations throughout the entire chain after listing to strengthen leading demonstrations and accelerate industrial collaboration. Currently, market expectations for the robot sector are weak, but according to industry chain research, Optimus is already in the process of mass production, and the robot industry, which has been fermented for 4-5 years, is expected to face an inflection point; in addition to Yushu/Yunshen's IPOs impacting the IPOs, Zhiyuan/Galaxy General/Zhongxingjiang/Puru, etc. may also update their capitalization progress this year; at the same time, mass production of domestic robots and scenario verification are being accelerated simultaneously. Therefore, we emphasize the investment strategy — long-term layout, allocation at low prices, and focus on core goals. It is recommended to focus on the configuration values of the following indicators, including the Tesla chain's high win rate, the direction of technological iterative upgrading, undervaluation with poor expectations; and a domestic chain with the ability to release volume.