The Zhitong Finance App learned that on July 22, Shenzhen Yuejiang Technology Co., Ltd. (abbreviation: Yuejiang Technology) Shenzhen Stock Exchange GEM IPO passed the Listing Committee meeting. Cathay Pacific Haitong is its sponsor and plans to raise 1.2 billion yuan.
According to the prospectus, Yuejiang Technology is an industry-leading intelligent robot company. Its main business is R&D, production and sales of collaborative robots and embodied intelligent robots. The company ranked first in the world in sales of collaborative robots in 2025, and is a global leader in the field of collaborative robots.
Relying on autonomous core technologies such as robot bodies, core components, motion control, safe interaction, etc., combined with more than ten years of deep industry cultivation and large-scale deployment and continuous iteration of over 100,000 robots to create industry-leading robotic arm capabilities, and have accumulated rich scene experience and engineering strength, and superimposed self-developed self-developed model technology, the company has built a full-form concrete intelligent product matrix of “humanoid robot+multi-legged robot+two-armed robot”, which has become an industry pioneer in the field of tangible intelligence around the world. Under the two-wheel drive strategy of “Intelligent Upgrading+Embodied Intelligent Robot Innovation”, the company continues to promote the evolution of robots from programmatic execution tools to industrial intelligence with integrated autonomous capabilities of “perception, decision, and execution”. At present, the company's products have been widely used in many fields such as automobiles, 3C, new energy, food and beverage, medical care, commercial retail, scientific research and education. It is committed to providing global customers with high-performance, high-reliability, and easy-to-use full-form intelligent robot products to help various industries accelerate automation and intelligent upgrading.
In the field of collaborative robots, as of the end of the reporting period, the company had 10 series of more than 30 models of collaborative robot product matrices, with a load range of 0.25 kg to 30 kg, which can be fully adapted to various scenarios such as industrial manufacturing, commercial services, scientific research and education, medical surgery, etc., and also launched cross-scene generalized application solutions using algorithms and software as cores, hardware equipment and multi-functional kits as carriers to provide customers with intelligent products and services with rapid deployment, minimal operation, and efficient operation. With high-safety, high-accuracy, and high-stability collaborative robot machines as the core, the company has dug deep into downstream industry application pain points, built integrated industry solutions covering mobile composite robots, collaborative robot workstations, etc., which can efficiently respond to the automation and intelligent upgrading needs of various industries, and gradually build a complete industrial ecosystem.
In the field of physical intelligence, the company has created full-form realistic intelligent products such as the Atom biped humanoid robot, Atom W wheeled humanoid robot, Hexplorer six-legged robot, Rover X1 four-legged robot, and X-Trainer two-arm robot. Relying on self-developed self-developed body model technology, the related products have all been commercialized and implemented, making it one of the first enterprises in China to enter the mass production stage of humanoid robots. With its forward-looking technical layout, full-form product matrix and cross-scenario implementation capabilities, the company has become one of the few industry pioneers in the global field of physical intelligence that can achieve large-scale deployment in industrial manufacturing, commercial services, scientific research and education scenarios.
Relying on independent core technology and a rich product matrix, the company has built a customer service network covering more than 100 countries and regions around the world, serving more than 80 Fortune 500 companies, and has become a representative force for China's intelligent robots to become a global leader. The company has always taken independent innovation as its core driving force. The technology chain covers all aspects of key components, software and hardware architectures, control and motion algorithms, intelligent perception and human-computer interaction, AI and intelligent decision-making, and system-level applications. As of December 31, 2025, the company has authorized 625 domestic patents (including 233 invention patents), 26 overseas patents (including 20 invention patents), and 135 software copyrights.
After deducting the issuance fee, all of the funds raised in this offering are intended to be used for projects related to the company's main business. The details are as follows:
On the financial side, in 2023, 2024, and 2025, the company achieved operating income of about 287 million yuan, 375 million yuan, and 493 million yuan respectively; in the same period, it recorded net profit of about -103 million yuan, -953646 million yuan, and -84.484 million yuan, respectively.
