Investment Rating - The report maintains a "Buy" rating for several companies in the robotics sector, including Zhiyuan Robotics, Shuanglin Co., Best, and Beite Technology [1][3]. Core Insights - Zhiyuan Robotics has entered the mass production phase of general-purpose robots, with plans to produce 1,000 units annually. The company has established a production facility in Lingang, Shanghai, which is the first mass production factory for humanoid robots in the region [1]. - The report highlights the significant growth potential in the robotics market, projecting a market size of over $10 billion by 2030, driven by advancements in embodied intelligence [1]. - The report emphasizes the high domestic procurement rate of core components for Zhiyuan Robotics, primarily sourced from enterprises in the Yangtze River Delta region [1]. Summary by Sections Company Performance - Zhiyuan Robotics was established in February 2023 and launched its first humanoid robot, the Expedition A1, in August 2023. The company plans to deliver approximately 200 units of the Expedition A2 humanoid robot and around 100 units of the Expedition A2-W wheeled robot in 2024 [1]. - The company aims to produce a total of 962 units this year, with the robots already being utilized in practical work scenarios such as material storage and assembly [1]. Market Dynamics - The report notes a 40% year-on-year increase in new energy vehicle sales in December 2024, indicating a robust growth trajectory in the automotive sector [1]. - Recommended stocks include Zhiyuan Robotics and its partners, such as Softcom Power, Fulian Precision, and Keda Xunfei, among others [1]. Financial Projections - The report provides earnings per share (EPS) and price-to-earnings (PE) ratios for several companies, indicating strong growth expectations. For instance, Shuanglin Co. is projected to have an EPS of 0.99 in 2024, with a PE ratio of 142.35 [3].
汽车行业动态研究报告：国内优秀机器人厂商（一）：智元开启通用机器人商用量产，计划年产千台
Huaxin Securities·2024-12-31 10:55