SIASUN(SZ:300024) Hua Er Jie Jian Wen·2025-11-26 12:00Core Insights - The human-shaped robot industry is expected to enter an exponential growth phase by 2026, with production anticipated to at least double compared to 2025 [1][2] - The report indicates that the current stock price corrections in the sector provide a favorable investment opportunity for investors [1][5] Industry Growth Projections - A consensus among surveyed companies suggests that revenue from human-shaped robots will experience exponential growth by 2026, potentially doubling [2] - The acceleration in the global human-shaped robot industry is driven by leading manufacturers ramping up production capacity and domestic companies advancing in commercialization [2][4] Key Components and Revenue Potential - The 3D vision sector has seen significant breakthroughs, with Chinese companies capturing about 70% market share in specific niches, leading to projected revenues of 100 million to 200 million yuan by 2026 [3] - Core components like reducers and screws are also showing strong performance, with leading companies nearing 100 million yuan in revenue by Q3 2025, representing 20% of total revenue [3] - Domestic manufacturers are expected to increase their shipment volume from 500 units in 2025 to 2000 units in 2026, with related business revenue potentially exceeding 30% of total revenue [3] Supply Chain Dynamics - The global human-shaped robot industry is characterized by a "global leaders leading + domestic acceleration" model, driving a demand explosion across the entire supply chain [4] - Key component suppliers are urgently expanding capacity, with some needing to increase production to 3000 units per week by Q1 2026 and further to 5000 units per week by year-end [4] Investment Opportunities - Current stock price corrections in related companies present significant investment opportunities, particularly for those with strong order acquisition capabilities and commercial progress [5] - The long-term growth potential of the human-shaped robot market is substantial, with expectations of exceeding 100 billion USD in the next decade, positioning Chinese supply chains as critical players in the global market [5]