SIASUN(SZ:300024) Zheng Quan Shi Bao Wang·2025-09-30 13:27Core Insights - In September, the global humanoid robot industry experienced 30 financing events, with a total disclosed amount of approximately 111.08 billion RMB, marking a month-on-month increase of about 105.70% [1] - The financing performance showed volatility, with a low of 29.93 billion RMB in June, a rise to 70.94 billion RMB in July, a drop to 54 billion RMB in August, and a new high in September [1] - The significant increase in September was primarily driven by Figure AI's C-round financing of over 1 billion USD (approximately 71.24 billion RMB) [1] Financing Overview - Domestic financing in September totaled 39.84 billion RMB, reflecting a month-on-month growth of 59.36% [1] - Nine companies secured financing exceeding 100 million RMB, including Zhihui Square, Qiangnao Technology, and others [1] Company Categories - Four dexterous hand companies and four core component companies completed financing, while 18 body companies also received funding [2] - Companies are increasingly differentiating their product positioning, with some focusing on bionic humanoid robots and others on companion robots [2] High-Value Financing Events - Besides Figure AI, another notable financing event involved the domestic company Zibianliang [2] - Both companies share a common technological path of "body" and "large model" collaborative development and have attracted significant investments from tech giants [2] Market Trends - The report indicates a shift towards differentiated product positioning among body companies, with companion robots gaining renewed attention [3] - In September, four companies focused on companion robots secured financing totaling approximately 98 million RMB [3] Investment Outlook - Given the validated market demand for companion robots, investors are encouraged to shift focus towards more complex humanoid robots with natural interaction capabilities [4]