机械行业：Optimus量产预期上调，宇树H1首登春晚

Investment Rating - The report suggests a positive outlook for the robotics industry, particularly focusing on Tesla's Optimus production plans, indicating a shift towards fundamental investment rather than thematic investment [5]. Core Insights - Tesla has raised its production expectations for the Optimus robot in 2025 from thousands to between 6,000 and 10,000 units, highlighting the importance of the robotics business for Tesla's overall value [5]. - The report emphasizes the potential for significant revenue generation from the Optimus robot, projecting a long-term revenue potential exceeding $10 trillion with the deployment of 100 million units [7]. - The advancements in domestic robotics, particularly by Yushun Technology, are expected to enhance the competitiveness of the industry, with a focus on performance, cost control, and autonomous capabilities [7][8]. Summary by Sections Tesla's Optimus Production - The production timeline for the Optimus robot includes an initial phase of 1,000 units per month, with a target of 10,000 units per month in the future [7]. - Early production is expected to generate significant value in Tesla's factories, performing tasks such as loading materials and welding [7]. Robotics Industry Developments - Yushun Technology's robots showcased advanced capabilities during the 2025 Spring Festival Gala, demonstrating superior motion control and multi-sensor integration [6]. - The report notes that domestic manufacturers are optimizing motion control, core component design, and production processes, with some leading globally in these areas [9]. Investment Opportunities - The report recommends focusing on companies within the robotics supply chain, including those involved in bearings, reducers, cameras, and collaborative robots, as they are likely to benefit from the growth in the robotics sector [10].