人形机器人行业快评报告：众擎SE01人形机器人发布，人形机器人量产渐进

Investment Rating - The industry investment rating is "Outperform the Market" [5]. Core Viewpoints - The launch of the SE01 humanoid robot by Shenzhen Zhongqing Robot Technology Co., Ltd. marks a significant step in humanoid robot production, showcasing excellent natural gait and positioning primarily as an industrial robot [3]. - The SE01 features a height of 170 cm, weight of approximately 55 kg, 32 degrees of freedom, a battery life of up to 2 hours, and a walking speed of 2 m/s, capable of performing various human-like actions [3]. - The humanoid robot industry is expected to accelerate its development in 2024, driven by continuous investments from tech giants like Tesla, increasing demand due to aging populations, and rising labor costs [4]. Summary by Sections Product Features - SE01 is designed to bridge the gap between AI and humans, featuring advanced joint modules, dual processors from NVIDIA and Intel, and a robust control scheme utilizing reinforcement and imitation learning [3]. - The robot's design aims to enhance flexibility and performance, making it suitable for both educational and complex operational scenarios [3]. Market Outlook - The humanoid robot industry is supported by government policies and technological advancements, with expectations for rapid commercialization and market expansion [4]. - The company plans to launch additional humanoid robot models and aims to achieve over 100 million RMB (approximately 14 million USD) in revenue by selling over 1,000 units by 2025 [3]. Investment Recommendations - The report suggests focusing on companies that are potential beneficiaries of the humanoid robot supply chain, especially those that may enter Tesla's supply network [6].