SIASUN(SZ:300024) Qian Zhan Wang·2026-02-17 10:16Group 1: Company Highlights - The 2026 CCTV Spring Festival Gala showcased four robotics companies, including Yushu Technology, which launched the G1 EDU U2 advanced version robot for 208,850 yuan following the event [1] - Yushu Technology's robots feature a new self-developed dexterous hand and the H2 humanoid robot is approximately 40% taller than the G1, weighing over 85 kg, designed for complex action demonstrations [1] - The founder of Yushu Technology, Wang Xingxing, highlighted the debut of their autonomous cluster control technology, achieving a maximum speed of 4 m/s for rapid positioning [1] Group 2: Industry Development History - The humanoid robotics industry in China has evolved through several phases: from the exploratory phase (1985-2000) with foundational breakthroughs, to the technology accumulation phase (2001-2012) with commercial exploration initiated by UBTECH, and the steady development phase (2013-2022) where core component localization reached over 50% [2] - The current explosive growth phase (2023-present) is marked by UBTECH's IPO and the launch of products like "Tiangong" and "Yuan Zhen A2," achieving mass production and multi-scenario applications with localization exceeding 90% [2] Group 3: Market Supply and Demand - The supply side of the humanoid robot market is diversifying, with UBTECH's Walker S2 securing over 1.3 billion yuan in orders and aiming for a monthly production capacity of 300 units [4] - The demand side is experiencing a surge in orders, with the humanoid robot market in China projected to reach 2.76 billion yuan in 2024, reflecting a year-on-year growth of approximately 53% [6] - Despite the high demand, actual deliveries are limited, with only 800-2000 units expected to be delivered in 2024, but the market is anticipated to exceed 8.2 billion yuan by 2025, capturing over 30% of the global market share [6]