SIASUN(SZ:300024) 3 6 Ke·2025-07-21 09:32Core Insights - The humanoid robot industry in China is experiencing a surge in orders, with major companies like UBTECH Robotics securing significant contracts, indicating a growing market demand for humanoid robots [1][4][10] - UBTECH's recent contract with Miyi (Shanghai) Automotive Technology Co., valued at approximately 90.51 million yuan, sets a new record for single orders in the global humanoid robot sector [1][4] - The company aims to deliver around 1,000 humanoid robots in 2024, projecting a revenue increase of 23.7% year-on-year [1][2] Order Growth and Revenue - UBTECH's revenue for 2024 is projected to reach 1.305 billion yuan, up from 1.056 billion yuan in the previous year [1][2] - The company has seen a steady increase in orders, with 27.8% of its revenue coming from AI education, 36.5% from consumer-grade robots, and 24.7% from logistics and intelligent robot solutions [2][4] Product Development and Innovation - UBTECH has launched the "Tiangong Walker," a 172cm humanoid robot aimed at educational and research institutions, with over 100 units already ordered [2][3] - The Walker S2 robot features a pioneering autonomous battery swap system, allowing it to change batteries without human intervention, enhancing operational efficiency [3][4] Market Expansion and Demand - The demand for humanoid robots is expanding beyond government and research institutions to commercial enterprises, indicating a shift towards broader market acceptance [5][6] - UBTECH has secured orders from 25 different buyers, including educational institutions and commercial entities, reflecting a diverse customer base [5][6] Competitive Landscape and Investment Trends - Major players like Meituan and JD.com are investing heavily in the humanoid robot sector, indicating a competitive and rapidly evolving market [8][10] - The industry is moving from conceptualization to practical application, with a focus on commercial viability and scalability [10]