Amidst the ongoing surge of embodied artificial intelligence, numerous robotics companies are fervently pursuing public listings. However, regulatory authorities have tightened their scrutiny standards for such listings, with a particular emphasis on the authenticity, sustainability, and replicability of revenue streams, the verifiability of loss trends and profit prospects, as well as the ability of products to secure stable customers and achieve scalable delivery. Currently, relevant stakeholders have pinpointed 36 listed enterprises operating within the robotics sector. These firms span two primary domains: complete machine applications and core system components, collectively forging a comprehensive robotics industry chain.

Financial report data reveals a notable divergence in the commercialization process within the robotics industry: some companies derive a substantial portion of their revenue from humanoid robots, which have emerged as a significant income source for them; whereas, the related new ventures of others are still in their nascent stages, exhibiting minimal scale. Profitability varies significantly among companies, with only a select few managing to achieve stable profits and positive operating cash inflows, while the majority remain in a high-investment phase. The new robotics businesses of supply chain companies are also predominantly in the transitional phase from fixed-point to scalable revenue.

It is crucial to note that the current tightening of listing approvals is not intended to halt the listings of robotics companies but rather to conduct a more rigorous assessment of listing quality. By meticulously examining and verifying the full-chain operational capabilities, spanning from product development to revenue generation and ultimately to profitability, regulatory bodies aim to focus industry resources on companies with robust delivery capabilities. This strategic move will steer the industry away from mere conceptual discussions and redirect it toward tangible commercial competition elements, such as delivery efficiency, cost management, and customer repurchases, signifying the robotics industry's transition from the laboratory to the real commercial arena.