SIASUN(SZ:300024) Mei Ri Jing Ji Xin Wen·2025-11-18 11:07Core Viewpoint - The recent video released by UBTECH showcasing the mass production of the Walker S2 humanoid robot has faced skepticism, particularly from Figure's founder, who claims the video may be computer-generated effects [1][3][4]. Group 1: Company Overview - UBTECH was founded in March 2012 and focuses on the development of intelligent service and humanoid robots, covering areas such as AI education, smart logistics, smart healthcare, commercial services, and consumer-grade robots [10]. - The Walker S2 is the world's first full-size industrial humanoid robot capable of autonomous battery swapping in just three minutes, currently applied in quality inspection, handling, and sorting, with potential for expansion into flexible manufacturing and unattended production lines [10]. Group 2: Recent Developments - In September, UBTECH secured a procurement contract worth 250 million yuan for humanoid robot products and solutions, primarily for the Walker S2 [10]. - On November 4, UBTECH won a bid for a data collection center equipment procurement project in Zigong, with a contract value of 159 million yuan, expected to be delivered within November [10]. Group 3: Competitor Insights - Figure, established in May 2022 and headquartered in Sunnyvale, California, focuses on humanoid robot development and recently announced over $1 billion in commitments during its Series C funding round, achieving a post-money valuation of $39 billion [8]. - The founder of Figure, Brett Adcock, has previously founded Vettery and Archer Aviation, indicating a strong entrepreneurial background [8].