Shanghai Stock Exchange Accepts Youzan Tech's STAR Market IPO Application, Aiming to Raise 4.202 Billion Yuan

BlockBeats News, March 20, the Shanghai Stock Exchange accepted the IPO application of Ubtech Robotics Corp., Ltd., aiming to raise 4.202 billion yuan.

According to the prospectus disclosed by Ubtech Robotics, the company is expected to achieve operating income of 1.708 billion yuan in 2025, a year-on-year increase of 335.36%; during the same period, the net profit after deductions is 600 million yuan, a year-on-year increase of 674.29%, mainly due to the rapid growth in current period product sales.