According to the filing, subscriptions will open on August 10 at a valuation of some 42 billion yuan, or $5.7 billion, for the Hangzhou robot maker. That target implies a valuation of ~42 billion yuan, although the final number is determined through book building. As previously covered by Cryptopolitan, the company booked 1.7 billion yuan, or $250 million, in revenue for 2025 and 591 million yuan, or $87 million, in adjusted profit. Revenue rose from 159 million yuan in 2023 to 393 million yuan in 2024, then jumped about fourfold last year, and net profit jumped 674% year over year. The firm thinks the stock may be worth up to 109 billion yuan on the secondary market eventually.