SIASUN(SZ:300024) Zhong Guo Jing Ying Bao·2025-09-08 11:19Group 1: Company Overview - The company, Self-Variable Robotics, has completed nearly 1 billion yuan in A+ round financing, led by Alibaba Cloud and Guoke Investment, with participation from other notable investors such as Meituan and Sequoia China [2] - Since its establishment in March 2024, Self-Variable Robotics has completed seven rounds of financing, with amounts ranging from several million to nearly 1 billion yuan [2] - The company is recognized for its end-to-end embodied intelligence large model, specifically the "WALL-A" series VLA (Vision-Language-Action) operational model, which integrates perception, reasoning, and action [4] Group 2: Investment Environment - The current investment environment in the embodied intelligence sector is characterized by valuation bubbles, with high valuations and a concentration of financing resources towards leading companies [3] - Despite the presence of bubbles, the influx of capital and major players into the embodied intelligence sector is expected to accelerate the transition from technology exploration to practical applications [3] Group 3: Technological Advancements - The WALL-A model has demonstrated zero-shot generalization capabilities in new task types, showcasing its advanced reasoning and decision-making abilities [5] - The company has achieved a complete closed-loop process for model decision-making, execution, exploration, and reflection, significantly enhancing the robot's ability to handle complex real-world scenarios [5] - The hardware innovation includes the "Quanta X2," which features 62 degrees of freedom and is designed for interactive gestures, indicating significant advancements in robotic hardware [5] Group 4: Challenges and Future Outlook - The primary challenge facing humanoid robotics is the development of software capabilities, specifically the evolution of large models that can control robots effectively [6] - The industry requires specialized models capable of interacting with the physical world, rather than just language models [6] - There is optimism that significant breakthroughs in specialized large models for humanoid robots may occur within the next two to three years [6]