On August 19, Unitree Robotics, hailed as the 'pioneer humanoid robot stock' on the A-share market, commenced trading on the STAR Market. The company set its issue price at RMB 150.80 per share, boasting a market capitalization of approximately RMB 60.993 billion post-issuance. From the moment its Initial Public Offering (IPO) was accepted on March 20 to its eventual listing on August 19, Unitree Robotics navigated the listing process in a mere 152 days. This achievement not only represents a pivotal moment in the company's growth trajectory but also signals that the humanoid robot industry has officially transitioned from the '0 to 1' phase—characterized by technological breakthroughs and capital fervor—to a new '1 to N' phase, where the focus shifts towards capitalization and scaling.