Yushutech, billed as the A-share humanoid-robot pioneer, began trading on the STAR Market on Aug. 19. Shares surged more than 500% intraday, lifting market capitalization above CNY350 billion and into the STAR Market’s top 10 by size. At the IPO price of CNY150.80/share, the company’s implied valuation was about CNY61 billion, which would have ranked roughly in the 50s on the board.

2026-08-19

Yushutech, billed as the A-share humanoid-robot pioneer, began trading on the STAR Market on Aug. 19. Shares surged more than 500% intraday, lifting market capitalization above CNY350 billion and into the STAR Market’s top 10 by size. At the IPO price of CNY150.80/share, the company’s implied valuation was about CNY61 billion, which would have ranked roughly in the 50s on the board.