左手商业化，右手IPO：魔法原子全球“抢市场”

Core Insights - The company, Magic Atom, is accelerating its commercialization strategy in 2026, focusing on "embodied intelligence + X" solutions, particularly in the unmanned retail sector, including coffee shops, milk tea stores, ice cream shops, pharmacies, and bookstores [1][5] Group 1: Commercialization Strategy - Magic Atom's co-founder, Gu Shitao, emphasized that commercialization should be driven by scene demands, leading to the development of standardized and modular products [5] - The company aims to replicate successful small closed-loop models globally, with a target of delivering thousands of humanoid robots across various categories in 2026 [5] - The company is expediting its IPO process and plans to release relevant information in the secondary market [5] Group 2: Data and Technology - The company has over 90% self-research capability in hardware, covering key components like joint modules and dexterous hands, and employs a "brain + small brain" architecture for software [6] - Magic Atom has established a closed-loop system for data collection, training, and deployment, ensuring that real data is used for post-training [9] - The company has built a data collection factory since 2025, capable of collecting approximately 16,000 data points daily, with over 80% being real data [9] Group 3: Market Opportunities and Challenges - 2026 is seen as a pivotal year for humanoid robot companies, with a focus on revenue structure, gross margins, and cash flow [10] - Short-term growth is expected from standardized machine deliveries in scenarios like guided tours and cultural exhibitions, which have higher interaction tolerance [11] - The company is also targeting consumer and lightweight markets with its quadruped robot product line, while industrial applications will require longer development cycles [11] Group 4: Global Expansion - Magic Atom is focusing on global expansion, having established operations in 27 countries and regions, with plans for overseas revenue to exceed 30% by 2025 [12] - The company aims to build a global business and operations team of over 100 people and establish 10,000 stores in 1-2 years [12] - The global strategy is tailored to local demands, with localized teams for sales, after-sales, and product development [12]