Robotics industry enters its second half: bankruptcy liquidations such as Yinghe coexist with IPO queue

A media article analyzes the divergence in the robotics industry: Yinghe Robotics will hold its first creditors' meeting on October 19 as it enters bankruptcy liquidation; Shenlan Robotics has been ruled into bankruptcy liquidation with over 23 million yuan in unpaid wages; and multiple cases against Zhicheng Dynamics have been terminated. On the other side, in the first 8 months of 2026 the robotics sector raised 124.51 billion yuan in financing, about 40 to 50 companies are queuing for listing on the Hong Kong Stock Exchange, and of the 46 billion yuan in financing in the first half of the year, the top 20 companies took over 70 percent. The article argues that the companies being eliminated are those lacking delivery capability.