Tuopu Group(SH:601689) Ge Long Hui·2025-12-26 06:43Core Viewpoint - The report from Guoying Securities (Hong Kong) indicates that the mass production of humanoid robots is expected to accelerate by 2026, which will benefit Top Group's actuator business [1] Group 1: Industry Outlook - Tesla plans to release the third-generation Optimus in Q1 2026 and aims to establish production capacity within the year [1] - Domestic humanoid robot companies are expected to expand into more commercial scenarios, leading to an overall explosive growth in the industry [1] Group 2: Company Developments - The company established an electric drive division in 2023, with products including linear actuators, rotary actuators, and dexterous hands, each valued at tens of thousands of RMB [1] - The company is positioned as a domestic leader in technology and production capacity, with rapid project progress and deep collaborations with leading domestic and international humanoid robot manufacturers, aiming to become one of the first Tier 1 suppliers [1] Group 3: Business Prospects - The company's liquid cooling business has secured its first orders worth 1.5 billion RMB, with expected revenue generation by 2026 [1] - The company is actively engaging with major firms such as Huawei, A customers, NVIDIA, and META, indicating a positive outlook for the growth of both the liquid cooling and actuator businesses [1]