Yu shi technology's stock plummets 18.7% on second day of listing, losing 167 billion yuan in value

Yu Shi Technology, the first publicly traded company in China's humanoid robot sector, saw its stock price drop by 18.7% on the second day of its listing on the Sci-Tech Innovation Board. The company's shares opened at 1,100 yuan, a 629.44% increase from the issuance price of 150.80 yuan, pushing the total market capitalization to as high as 444.9 billion yuan. However, by the end of the trading session on August 19, the stock closed at 845 yuan, with a total market value of over 341.8 billion yuan. The following day, the stock fell sharply, ending at 277.9 billion yuan in market value, a decline of 1,670 billion yuan from its peak. During the 2026 World Robot Conference, Yu Shi Technology's founder and chairman, Wang Xingxing, addressed the limited adoption of their products in industrial and domestic settings, citing inefficiencies and limitations in current capabilities. He stated that while the robots can perform certain tasks, their efficiency compared to humans remains low. Wang also predicted that humanoid robots could enter the mass market within a decade, provided manufacturers overcome current practical challenges. He emphasized that the technology would need to handle 80% of tasks through voice commands in unfamiliar environments to drive market growth, a goal he estimates could be achieved in two to three decades.