机械设备行业周报：机器狗为首发经济重要分支，民用市场大有可为

Investment Rating - The report maintains a "Positive" investment rating for the mechanical equipment industry [4]. Core Insights - The report highlights the significance of quadruped robotic dogs as a crucial segment of the emerging "first-release economy," with substantial potential in the civilian market. The Chinese robotic industry is positioned to expand its application from military to civilian uses, with projected sales of quadruped robotic dogs expected to reach 394,800 units by 2031, representing nearly an 8-fold increase from 2025 [6][19]. Summary by Sections 1. Quadruped Robotic Dogs as a Key Segment - The central economic work conference emphasizes the development of the "first-release economy," which includes innovative products and services. The robotics sector is a vital part of this ecosystem, showcasing rapid technological advancements and product iterations [6][19]. - China is leading globally in the quadruped robotic dog market, with a complete industrial chain and increasing manufacturing capabilities. The demand for robotic dogs is anticipated to grow significantly due to military and civilian needs [19][21]. 1.1. Market Entry and Applications - Companies like Unitree and Huawei are entering the civilian robotic dog market, with the electric power inspection sector expected to see early adoption. Unitree's robotic dogs are already operational in power station inspections [7][22]. - The report notes various applications for quadruped robotic dogs, including police patrols and home companionship, with advancements in voice recognition and emotional interaction enhancing their market potential [7][8]. 1.2. Core Components - The report identifies planetary gear reducer joint modules and harmonic reducer joint modules as the primary components for quadruped robotic dogs, which are essential for their performance in various applications [8][41]. 2. Beneficiary Companies - Beneficiary companies include Shenhui Technology and Zhongjian Technology, both of which have released quadruped robotic dogs. Recommended stocks also include Jingye Intelligent and Wuzhou Xinchun, which are involved in the development of robotic technologies [8][46][49].