人形机器人跟踪：Optimus现场展示，硬件成熟度超预期

Investment Rating - The industry investment rating is "Buy" [2]. Core Insights - The humanoid robot sector is characterized by catalysts, deep corrections, and super growth attributes, with a focus on high certainty at the current moment [2]. - Tesla's Optimus second-generation robot has shown hardware maturity beyond expectations, with demonstrations of natural movements and various tasks [2]. - The production of Cybercab and Robovan is anticipated to begin in 2026, with significant cost reductions expected as production scales up [2]. Summary by Relevant Sections Industry Overview - The report highlights a 39% increase in the expansion budget for 2024-2026, amounting to 27.5 billion yen, primarily for humanoid robot production in Japan [1]. Key Companies to Watch - Recommended companies include: - Total Solutions: Sanhua Intelligent Controls, Top Group, Zhongjian Technology - Screw: Beite Technology, Wuzhou New Spring, Best, Hengli Hydraulic - Reducer: Greentech Harmonic, Zhongdali De - Motor: Mingzhi Electric, Zhaowei Electromechanical, Weichuang Electric, Huichuan Technology - Sensor: Keli Sensor, Donghua Testing, Amperelong [1][2]. Market Performance - The report indicates a relative market performance with a range of expected stock price movements, with specific companies rated for their potential growth [4].