Unitree Technology's prospectus for its IPO on the STAR Market has been published online, revealing its commercialization progress. During the reporting period, the company's performance showed significant growth, with revenue and net profit attributable to the parent company in the first three quarters of 2025 both surpassing the total for the entire year of 2024. This was primarily driven by the explosive growth in sales of humanoid robots, with revenue from humanoid robots in the first three quarters of 2025 exceeding that of the entire year of 2024 by more than five times. In 2025, Unitree Technology showcased 16 H1 humanoid robots on CCTV's Spring Festival Gala for the Year of the Snake, while keeping sales expenses within a controllable range. For this IPO, the company plans to raise 4.2 billion yuan for projects related to intelligent robots. The company's shares are divided into Class A special voting rights shares and Class B ordinary shares. Although the controlling shareholder, Wang Xingxing, holds 34.76% of the shares, his voting rights ratio reaches 68.78%. The post-investment valuation before the declare (Note: ' declare ' is translated as 'application' in context, but kept as pinyin here due to its specific usage in IPO context; it means the valuation after investment but before official listing application approval) is 12.7 billion yuan. This application adopts a pre-review mechanism, which is expected to accelerate the listing process. Market risks exist; invest cautiously.