瞄准商演、导览场景，智元灵犀X2“上架”勇闯商业化

Core Insights - The core strategy of the company is to leverage differentiated positioning and a full-stack ecosystem capability as its competitive advantage [1][9] - The company is initiating a new round of commercialization with the launch of the Lingxi X2 robot, targeting entertainment and exhibition scenarios rather than traditional research and education [2][6] Product Features - The Lingxi X2 robot is designed to have a "lifelike" quality, featuring a height of approximately 1.3 meters and 25-31 degrees of freedom, allowing for natural movements such as nodding and head-turning [4][5] - The robot incorporates proactive interaction capabilities, greeting users when they approach, which enhances the perception of its lifelike qualities [4][6] Market Strategy - The company plans to sell the Lingxi X2 in different versions (Interactive, Pro Exploration, and Ultra Flagship) with prices ranging from hundreds of thousands to several million [4][5] - The commercialization approach involves a B to B to C model, where B-end clients will interact with C-end users, and the robot will support secondary development through open interfaces [7][8] Ecosystem Development - The company is expanding its ecosystem through partnerships and investments, having completed eight rounds of financing and collaborating with various industry players [8][9] - The establishment of a joint venture, Annu Intelligent, focuses on developing and selling robotic application system solutions, indicating a strategic move towards integrated solutions [8] Future Outlook - The company aims to accumulate effective data in entertainment and exhibition scenarios to inform technological iterations, which is crucial for successful commercialization [2][7] - By the end of 2026, the company anticipates shipping several thousand units of the Lingxi X2, indicating a strong growth trajectory [7]