SIASUN(SZ:300024) Sou Hu Cai Jing·2025-06-11 08:47Core Viewpoint - The article discusses the advancements in embodied intelligence, particularly focusing on Lingchu Intelligent's development of the Psi R1 model, which enables robots to perform complex tasks in dynamic environments, such as playing Mahjong with humans [3][6][17]. Company Overview - Lingchu Intelligent was founded in 2024 by a team with extensive experience in robotics and artificial intelligence, including CEO Wang Qibin, who has a background in product management, and other notable figures from Stanford University and the robotics field [5][6]. - The company has established a joint laboratory with Peking University to enhance its research capabilities in embodied intelligence [5]. Technology and Innovation - The Psi R1 model represents a significant advancement in robot capabilities, allowing for "action perception-environment feedback-dynamic decision-making" in a closed-loop system [3][6]. - The transition from Vision Language Models (VLM) to Vision Language Action Models (VLA) is highlighted, with VLA enabling robots to understand and execute physical actions based on visual and textual information [7][14]. - The company aims to address the challenges of long-range operations in semi-open environments, which are crucial for practical applications in logistics and retail [8][14]. Market Position and Strategy - Lingchu Intelligent positions itself as a provider of stable and cost-effective robotic solutions, focusing on practical applications rather than superficial demonstrations [5][10]. - The company has plans to deliver products to overseas logistics clients within six months, indicating a clear market strategy [7][21]. - The target market includes manufacturing processes and logistics operations, with a focus on tasks such as material inspection and handling [21]. Financial Outlook - The company anticipates achieving sales of several hundred million by the end of 2026, reflecting a strong growth trajectory [22]. - Pricing strategies are designed to be competitive, aiming to keep robot costs below two years' worth of labor costs for similar positions [23]. Industry Trends - There is a growing expectation from investors for clear commercialization pathways in the field of embodied intelligence, contrasting with previous years [8][25]. - The article notes that while there is significant investment in the sector, the focus is shifting towards sustainable and viable technological advancements [25][26].