SIASUN(SZ:300024) Zhong Guo Jing Ji Wang·2025-09-29 06:34Core Insights - The article highlights a significant industrial transformation driven by technological breakthroughs and policy support, marking a shift in China's tech development from imitation to systematic breakthroughs [1][2] Group 1: Industry Trends - The development of artificial intelligence (AI) is extending from software applications to the physical world, with humanoid robots serving as a crucial integration point for AI and physical entities [2] - Major global tech companies, such as Tesla, are making substantial investments in humanoid robots, creating a strong industry-leading effect that accelerates technological iteration [2] - China's advantages in manufacturing, supply chain, and cost control provide a solid foundation for the localization of the robotics industry [2] Group 2: Investment Strategy - The investment approach combines top-down and bottom-up methodologies, focusing on sectors with "positive beta" such as new energy, automotive, and smart manufacturing robots [3] - The investment strategy involves identifying growth potential in emerging sectors, selecting companies with strong internal value, and capitalizing on market expectation discrepancies [3] - The core components of the robotics industry chain hold a high value proportion, and suppliers with first-mover advantages are expected to benefit as the industry moves towards large-scale production [3] Group 3: Future Outlook - The years 2025 to 2026 are anticipated to be critical for the industry as major manufacturers advance their mass production plans, leading to cost reductions and expanded application scenarios [4] - Humanoid robots are viewed as a key direction for the "last industrial revolution," with a clear long-term trend despite potential challenges in technology, cost, and commercialization [4] - Leading companies with core technologies and mass production capabilities are expected to emerge as winners in this industrial transformation, sharing in the long-term growth dividends of a trillion-dollar market [4]