The "Hangzhou Six Little Dragons" launch IPOs in Yun Shenchu, with quadruped robots closely following Unitree Robotics.

YunShenChen Technology was established in November 2017 with a registered capital of 8.23 million yuan. The company focuses on the R&D, production, sales, and service of quadruped robots, humanoid robots, and related core components.

Its main product lines include the Jueying X series quadruped robots (such as the X20 and X30), the Lynx M20 wheeled quadruped robot, and the DR01 humanoid robot. To date, the company has completed multiple rounds of financing, totaling over 1 billion yuan, with investors including Shenzhen Capital Group, China Reform Fund, and Beijing Robotics Industry Development Investment Fund.

According to IDC data, the global quadruped robot market size was approximately $180 million in 2024, with total sales of approximately 20,000 units. In this market, YunShenChen ranked second with a sales share of 18.9%, second only to Unitree Robotics (32.4%). The company focuses on typical scenarios such as power line inspection, public safety, and emergency rescue, driving quadruped robots from technology verification to large-scale commercial deployment.

In terms of equity, founder Zhu Qiuguo directly holds 16.39% of the company's shares (1.35 million shares) and indirectly controls 10.74% of the equity through the employee stock ownership platform, Hangzhou Kongjian Investment Management Partnership (Limited Partnership).

CTO Li Chao holds 5.46% of the shares and has signed a concerted action agreement with Zhu Qiuguo, maintaining consistency in major decisions. Therefore, Zhu Qiuguo is the controlling shareholder and actual controller of the company, controlling a total of 32.60% of the equity with his concerted parties.

On December 9th of this year, Yun Shenchu announced the completion of a C-round financing of over RMB 500 million. This round was jointly led by CMB International and Huaxia Fund, with strategic investment from funds under China Telecom and China Unicom, and follow-on investments from institutions such as Yunhui Capital, SMIC Capital, Zhejiang University Foundation, and Shoucheng Holdings.

It also received continued support from existing shareholders such as Dachen Capital, Qianhai Ark, CCTV Media Convergence Fund, Beijing Robotics Industry Development Investment Fund, and Huaying Capital.

Furthermore, Yun Shenchu is accelerating its expansion into overseas markets in 2024.

Its quadruped robots have partnered with the HawkRobo intelligent security platform and have been deployed in a large warehouse park in North America; the Jueying X30 robot dog has also been deployed in the beach environment of NEOM, Saudi Arabia, creating Saudi Arabia's first fully automated outdoor inspection system. (Source: CLS)