SIASUN(SZ:300024) Hua Er Jie Jian Wen·2025-07-07 10:14Core Insights - The exponential growth in robotics is driven by two breakthroughs: unprecedented hardware reliability and the superior performance of neural networks in robotic technology [1][9][10] - The company aims to create a general-purpose robotic platform that learns rather than being pre-programmed, with prototypes already capable of executing tasks autonomously in logistics, manufacturing, and healthcare [1][21] - The cost of the latest robot design has been reduced by approximately 90%, with plans for mass deployment of humanoid robots capable of producing 100,000 units annually within four years, ultimately targeting the delivery of hundreds of millions of robots globally [1][43] Robotics Technology Growth - The current environment indicates that humanoid robots will become the ultimate deployment vehicle for artificial general intelligence (AGI) [5][15] - The company has designed humanoid robots from scratch within a year, emphasizing the importance of addressing the humanoid robotics challenge directly [5][12] - The reliability of hardware has significantly improved compared to ten years ago, with the current systems being as reliable as those used in aerospace applications [8][9] Market Focus and Applications - The company is focusing on two main areas: delivery robots for home environments and robots for labor markets in logistics, manufacturing, healthcare, and construction [21][22] - The labor market represents a significant opportunity, accounting for half of the GDP, and is less variable than home environments, making it easier to integrate autonomous systems [21][22] - The company is actively working to develop a universal robot that can perform most tasks that humans can do, given sufficient mobility, load capacity, and speed [21][22] Future Directions and Challenges - The next major goal is to launch 100,000 robots in the next four years, with a new manufacturing facility capable of achieving this output [43] - The company is currently in a learning bottleneck phase, needing to scale up production while ensuring reliability and effective human-robot interaction [26][42] - The integration of robots into everyday life is expected to evolve, with humanoid robots performing various tasks, potentially leading to a future where work becomes optional for humans [48][49] Privacy and Security Considerations - The company is prioritizing privacy and cybersecurity, establishing a dedicated team to address these issues as robots become more integrated into homes and workplaces [35][36] - Ensuring that robots operate safely and securely in domestic environments is a critical challenge, requiring advanced detection and operational protocols [32][36] Conclusion - The company envisions a future where humanoid robots significantly contribute to GDP and perform tasks traditionally done by humans, allowing people to focus on activities they enjoy [48][49]