技术场景双突破，头部订单激活产业链

Core Viewpoint - The humanoid robot sector is experiencing significant growth, with a 5.4% increase in the robot index (884218) from July 1 to July 31, indicating a sustained upward trend in the industry [1][2]. Industry Progress - The industry has made important advancements in new technology applications, scenario implementation, and industry standards [2]. - The humanoid robot market is characterized as a "long slope, thick snow" sector, suggesting substantial long-term growth potential [2]. Key Developments - Several significant developments are expected in the humanoid robot field by July 2025, including: 1. The release of the QL humanoid robot product matrix by national and local centers. 2. The publication of the "Humanoid Robots and Embodied Intelligence Data Collection Cooperation Initiative" at the 2025 World Artificial Intelligence Conference. 3. The announcement of Zhiyuan Robotics' intention to acquire at least 63.62% of Shanghai Weiqi New Materials. 4. The winning of the largest global order by UBTECH in the humanoid robot sector [2]. Software and Policy Initiatives - Shanghai has introduced an implementation plan for the development of the embodied intelligence industry, aiming to accelerate the establishment of a self-innovative technology system for the entire chain of embodied intelligence [2]. Component Innovations - The use of polytetrafluoroethylene (PTFE) sheaths in tendon ropes has gained attention for reducing heat generated during operation [3]. - Metal Injection Molding (MIM) is expected to be applied in the dexterous hand components of humanoid robots, offering advantages over traditional CNC processes [3]. - Gallium Nitride (GaN) semiconductors are recognized for their potential to enhance robot performance, particularly in joint drive precision and power density [3]. Application Milestones - The domestic embodied large model has achieved full-scene verification in automotive manufacturing, marking a significant milestone [3]. - The Weapon Industry Group's exercises have sparked interest in unmanned equipment in land operations [3]. Investment Recommendations - The report suggests focusing on leading companies in the humanoid robot supply chain, including: 1. T-chain: Sanhua Intelligent Control, Top Group, Beite Technology, Mingzhi Electric, Zhaowei Electromechanical. 2. Huawei chain: Efort, Yijiahe, Keli Sensor, Zhaowei Electromechanical. 3. Yushu chain: Changsheng Bearing, Obsidian Light. 4. Figure chain: Mingzhi Electric, Zhaowei Electromechanical, Green Harmonic, Lingyi Intelligent Manufacturing. 5. 1X: Zhongjian Technology. 6. Leading companies in niche segments: Suochen Technology, Hanwei Technology, Lingyun Light, Aofei Entertainment, Fulai New Materials, Xinhongye, Nanshan Zhizhang, Xinjie Electric, Guomao Co. [4].