Yushu Technology's Wang Xingxing: The decline in gross profit margin of humanoid robots is caused by multiple reasons

On August 7th, Wang Xingxing stated during the online roadshow for Yushu Technology's IPO on the Science and Technology Innovation Board that the company sold 5 first generation H1 products in 2023. Due to the scarcity of commercial humanoid robots at that time, the sales unit price and gross profit margin of this batch of products were relatively high and not comparable to subsequent years. In 2025, the gross profit margin of humanoid robots will decline, mainly due to: on the one hand, the company independently developed and released the G1 medium-sized humanoid robot in May 2024, which quickly became the main sales model of humanoid robots. As the unit price, unit cost, and gross profit margin of G1 as a medium-sized humanoid robot are lower than those of the full-size robot H1, it has driven the overall gross profit margin of the company's humanoid robots to decline. On the other hand, the company continues to optimize the unit cost of its products by reducing production and procurement costs. Based on this, the company has appropriately lowered the sales price of its products in 2025. Data shows that from 2023 to 2025, the gross profit margins of Yushu Technology's humanoid robots will be 87.67%, 69.26%, and 63.18%, respectively, showing a downward trend year by year.