SIASUN(SZ:300024) Xin Lang Cai Jing·2025-12-07 13:54Core Viewpoint - The speech at the "HeXun Finance China 2025 Conference" argues that humanoid robots are a significant bubble and a deception, questioning their practicality and necessity in replacing human capabilities [1][4]. Group 1: Humanoid Robots - The speaker, Cai Hongping, describes humanoid robots as primarily for show, lacking true autonomous capabilities and being controlled remotely [3][7]. - He emphasizes that humanoid robots cannot match the evolutionary advancements of humans in physical, intellectual, emotional, and creative aspects [8]. - Cai believes that the current technology is not ready to replicate the complex interactions and emotional scenarios that humans navigate, suggesting a timeline of at least ten years for any significant advancements in this area [4][8]. Group 2: Practical Applications of Robotics - The speaker advocates for the development of specialized robots that can perform dangerous, repetitive, or labor-intensive tasks, such as firefighting and underwater cleaning, which have already demonstrated practical value [4][8]. - Cai is preparing to invest in a project focused on underwater cleaning for large ships and oil platforms, highlighting the potential for robots to effectively clean polluted areas [4][9]. Group 3: Critique of Investment in Humanoid Robotics - Cai criticizes the substantial capital investment in humanoid robotics, estimated between 500 billion to 600 billion, and challenges the viability of profitability in this sector over the next decade [9]. - He expresses a preference for quadrupedal robots over humanoid designs, citing their superior stability and load-bearing capabilities [9].