CSC Financial said Yushu’s IPO priced at 150.80 yuan/share, implying an issuance market value of about 61.0 bln yuan — above prior expectations and likely to trigger valuation repricing among robotics hardware makers. Domestic suppliers are accelerating multi-dimensional capability builds ("brain", "cerebellum", "body") and expanding industrial and commercial deployments; shipment volumes are rising and broader application scenarios should follow as robots generalize. The firm calls physical AI

CSC Financial said Yushu’s IPO priced at 150.80 yuan/share, implying an issuance market value of about 61.0 bln yuan — above prior expectations and likely to trigger valuation repricing among robotics hardware makers. Domestic suppliers are accelerating multi-dimensional capability builds ("brain", "cerebellum", "body") and expanding industrial and commercial deployments; shipment volumes are rising and broader application scenarios should follow as robots generalize. The firm calls physical AI the next AI wave and identifies robots as a primary physical carrier. Catalysts to watch: Optimus V3 release and mass-production progress, new domestic robot product launches, further robotics IPOs and application rollouts. Recommends focusing on high-quality segments of the value chain.