SIASUN(SZ:300024) Mei Ri Jing Ji Xin Wen·2025-10-21 02:14Market Review - The Huaxia Sci-Tech AI ETF (589010) rose by 0.58% on October 20, with a trading volume of approximately 163 million yuan, indicating stable market activity. The constituent stocks showed a mixed performance, with 22 stocks rising and 8 falling, led by Youke Technology, Daotong Technology, and Fudan Microelectronics, while Foxit Software experienced the largest decline [1] - The Robot ETF (562500) increased by 1.33%, showing a pattern of "rising then stabilizing." It reached a peak of 1.004 yuan during the day, with 63 out of 73 constituent stocks rising. Notable gainers included CITIC Heavy Industries, which hit the daily limit, and several others with gains between 4.5% and 6.5%. The trading volume over the past five days exceeded 1.29 billion shares, reflecting strong market recovery [1] Hot News - Yushu Technology launched a full-size humanoid robot H2, standing 180 cm tall and capable of carrying 70 kg, with a domestic component localization rate of 70%. The robot utilizes products from Suoteng Juchuang for laser radar and Tsinghua Tianji core for motion control, with a local procurement cost of approximately 180,000 yuan per unit [2] - Zhiyuan Robotics announced a multi-million yuan order for the G2 robot framework, set to deploy nearly 1,000 units in industrial manufacturing scenarios. Additionally, UBTECH secured a 126 million yuan contract for an intelligent project in Guangxi and over 32 million yuan in procurement contracts from an automotive technology company, with total orders for the Walker series exceeding 630 million yuan for the year [2] - Figure AI in the U.S. launched the Figure 03, designed for the Helix large model, featuring high-precision tactile perception and enhanced visual systems, with a weight reduction of 9%. The establishment of the BotQ factory aims for an initial annual production capacity of 12,000 units, marking a shift from demonstration to large-scale implementation for humanoid robots [2] Institutional Views - CITIC Construction Investment Securities expressed optimism regarding the accelerated industrialization of Tesla's Optimus and the high valuation financing of Figure, indicating that the sector is entering a period of continuous catalytic validation. The release and production guidance for the third-generation Optimus prototype are positive, and the overall market liquidity remains loose, favoring a return to technology growth configurations in robotics [3] - The preferred investment direction includes the Tesla supply chain, followed by Yushu and Zhiyuan, which have mass production capabilities. Recommendations focus on segments with technological upgrades, substantial product client samples, and expected differentiation [3] Popular ETFs - The Robot ETF (562500) is the only ETF in the market with a scale exceeding 20 billion yuan, offering the best liquidity and comprehensive coverage of the Chinese robotics industry chain, facilitating investor access to the sector [4] - The Huaxia Sci-Tech AI ETF (589010) is described as the "brain" of robotics, with a 20% price fluctuation limit and small-cap elasticity, aimed at capturing the "singularity moment" in the AI industry [4]