Hong Kong Stock Concept Tracking | The world's first humanoid robot half marathon has started. Institutions: Explore investment opportunities in faster commercialization segments such as dexterous hands (with related concept stocks)
CITIC Construction Investment suggests that investors pay attention to the "AI + Robotics" field, especially in areas with faster commercialization such as exoskeleton robots, dexterous hands, and sensors. On April 19th, the world's first humanoid robot half marathon was held in Beijing, where the Tiangong Ultra robot won, showcasing the industry's potential for progress. With policy support, the development of China's humanoid robot industry is accelerating, and it is expected that by 2025, an innovation system will be established to promote breakthroughs in key technologies. Citibank predicts that the global humanoid robot market will have significant growth potential by 2050
According to Zhitong Finance APP, the world's first humanoid robot half marathon held in Beijing on April 19 attracted numerous eyes. At this event combining technology and sports, the "Tiangong Ultra" robot took the lead, winning the championship with a time of 2 hours, 40 minutes, and 42 seconds. The "N2" robot and the "Xingzhe No. 2" robot also performed excellently, securing the second and third places, respectively.
Public information shows that the Tiangong Ultra, which won the championship, was developed by the Beijing Humanoid Robot Innovation Center. The innovation center was jointly established by leading enterprises and institutions in the robot industry, including UBTECH ROBOTICS, Beijing Electromechanical, Xiaomi Robotics, and Yizhuang Robotics. According to Tianyancha information, among the four major shareholders of the company, UBTECH ROBOTICS, Xiaomi Robotics, and Beijing Electromechanical each hold a 28.57% stake.
CITIC Construction Investment stated that this week's humanoid robot half marathon has sparked discussions about whether it was a "failure" or a sign of industry progress. The institution believes that the humanoid robot industry is still in its early stages of development, and the issues exposed by the half marathon can drive industry advancement. The long-term outlook for the industry remains unchanged. At this stage, it is recommended not to be confined to "humanoid" but to deeply explore investment opportunities in "AI + robotics," such as exoskeleton robots, dexterous hands, and sensors, which are three segments that commercialize more quickly.
Humanoid robots are seen as one of the most promising industries for future development. With the dual role of policy support and market promotion, the development of China's humanoid robot industry has pressed the "accelerate" button.
The Ministry of Industry and Information Technology issued the "Guiding Opinions on the Innovative Development of Humanoid Robots," which proposes that by 2025, China's humanoid robot innovation system will be initially established, with breakthroughs in a number of key technologies such as "brain, cerebellum, limbs," ensuring the safe and effective supply of core components. Additionally, the 2025 "Government Work Report" also mentioned establishing a growth mechanism for future industry investment, cultivating future industries such as biomanufacturing, quantum technology, embodied intelligence, and 6G. "Embodied intelligence" appeared for the first time in the "Government Work Report."
How much market development space is there in the humanoid robot sector? Citibank predicts that by 2050, the global humanoid robot market size will reach $7 trillion, with a quantity of 648 million units. The "Humanoid Robot Industry Research Report" also predicted that China's humanoid robot market size will reach 75 billion yuan by 2029, accounting for 32.7% of the world's total.
It is worth noting that automakers are competing to layout the humanoid robot sector. Not long ago, regarding the development pace of Tesla's humanoid robot, a relevant person in charge of Tesla China told reporters that the Tesla humanoid robot is currently in the trial production stage, with a target of 5,000 units by 2025.
Domestically, GAC Group has released its third-generation humanoid robot GoMate; the Iron humanoid robot under XPeng has been put into use in its factory, and XPeng plans to mass-produce L3-level humanoid robots for industrial use next year; the team under Xiaomi has released the humanoid robot CyberOne, with the first batch of mass-produced robots set to "dive into" its factory. In addition, Xiaomi Group has also invested in the robotics company Yushu Technology Recently, Changan Automobile has launched a public sourcing initiative for suppliers for its humanoid robot research and development project, planning to invest over 50 billion yuan in the next five years and release its first humanoid robot product before 2027; Li Auto founder Li Xiang stated that the company will fully enter the humanoid robot field; Seres has established a subsidiary, Chongqing Phoenix Technology Co., Ltd., which will engage in the research and development of intelligent robots, among other areas.
Automotive analyst Ren Wanfu stated that the layout of humanoid robots by car manufacturers is a result of the integration of industrial technology brought about by technological development. The rapid advancements in lidar, computing power, and AI intelligence, along with the numerous production links involved in automotive manufacturing, provide an excellent training environment for the development of humanoid robots. The high similarity between the core of humanoid robots and intelligent driving is a key factor driving car manufacturers to expand into this field.
Industry insiders pointed out that the holding of this humanoid robot marathon not only promotes the integration and verification of cutting-edge technologies but also provides a demonstration for constructing standardized testing scenarios. In the future, embodied intelligence will accelerate its penetration into various scenarios such as inspection security, home services, and industrial collaboration, becoming an important component of new productive forces. Beijing Yizhuang is creating a "technology + city + industry" integration platform through this event, providing a new model for the innovative ecological construction of humanoid robots.
Related concept stocks:
UBTECH ROBOTICS (09880): On March 19, the company announced a strong partnership with BAIC New Energy, planning to set a benchmark for the intelligent upgrade of high-end manufacturing by creating a globally leading humanoid robot new energy vehicle demonstration production line.
Horizon Robotics-W (09660): At the end of March, Deutsche Bank released a research report stating that Horizon Robotics-W (09660) exceeded expectations last year, with revenue increasing by 54% year-on-year to 2.38 billion yuan. The bank raised its revenue forecast for this year by 19.4% due to last year's better-than-expected revenue growth and lowered its full-year loss forecast by 13%. Therefore, the bank raised the company's target price from 5 HKD to 9 HKD, with a rating of "Buy."
JINSHANG Machine Tool China (01651): The screw rod is a core component of the humanoid robot linear actuator. JINSHANG Machine Tool's CNC high-precision machine tools can be roughly divided into five product categories: precision automatic lathes, precision turret lathes, precision machining centers, precision grinding machines, and precision thread rolling machines.
GAC Group (02238): Zhang Aimin, head of the GAC humanoid robot team, stated that GAC Group has developed a clear mass production plan, aiming to achieve batch global sales of self-developed components by 2025, with the GoMate complete machine demonstrating applications in different industries. In 2026, small batch production of the complete machine is expected to be completed, with an output value exceeding 30 million yuan, and gradually expanding to large-scale mass production by 2027
