Yushu Technology said its shares will begin trading on the Shanghai Stock Exchange's Sci-Tech Innovation Board, or STAR Market, on August 19, 2026. The company disclosed 2025 operating income of 1.699 billion yuan and net profit attributable to the parent company's shareholders of 278 million yuan, based on the lower figure after deducting non-recurring gains and losses. The IPO was priced at 150.80 yuan a share, implying a 2025 diluted static price-to-sales ratio of 35.89 times and a diluted price-to-earnings ratio of 219.23 times after deducting non-recurring gains and losses, both above the average levels of comparable companies and the broader industry metrics cited in the announcement. At the start of trading, 30.877 million shares will be freely tradable, representing 7.44% of the company's total post-issuance share capital.