SIASUN(SZ:300024) Hua Xia Shi Bao·2025-12-21 10:30Core Insights - The humanoid robot sector is experiencing a surge in investment as companies approach year-end, with significant funding rounds being announced, including a recent $300 million round by Galaxy General, setting a record for single-round financing in embodied intelligence [3][4][6] - Galaxy General has transitioned from a laboratory phase to commercial operations, with thousands of orders in the smart city service sector, indicating a shift in market valuation towards commercial viability [3][6] Financing and Valuation - The recent financing round raised over 4.5 billion yuan, led by China Mobile's Chain Long Fund, with participation from major investment platforms and international investors [4] - Following this round, Galaxy General's valuation has reached 19.5 billion yuan, reflecting a significant increase in market confidence [6] Corporate Structure and IPO Plans - Galaxy General has completed a corporate restructuring, changing its name and type, which is often seen as a precursor to an IPO, although the company has denied immediate plans for going public [5][7] - The company has raised a total of over 4.5 billion yuan since its establishment in May 2023, indicating strong investor interest and support [7] Market Trends and Future Outlook - The humanoid robot industry has seen a rapid increase in investment activity, with 160 investment events reported in 2023 alone, compared to only 14 in 2022, suggesting a growing interest in this sector [8] - Experts predict a potential capital winter in the humanoid robot sector in the coming years, prompting companies to secure funding while advancing commercialization efforts [9] Commercialization Efforts - Galaxy General is focusing on industrial-grade humanoid robots, achieving significant partnerships with major companies across various sectors, including manufacturing and smart city services [9][10] - The company has developed solutions for multiple fields, including industrial manufacturing, smart city services, and healthcare, with ongoing projects demonstrating practical applications of humanoid robots [9][10] Future Development and Challenges - While Galaxy General is exploring opportunities in the consumer market, the complexity of home environments poses challenges for robot integration, necessitating gradual advancements in technology [10] - The emphasis is shifting towards practical applications and real-world integration of humanoid robots in various sectors, moving beyond theoretical advancements to tangible value creation [10]