人形机器人行业快评报告：宇树科技发布人形机器人跳舞视频，算法再度升级

Investment Rating - The industry investment rating is "Outperform the Market" with an expectation of over 10% relative increase in the industry index compared to the market in the next six months [4][10]. Core Insights - Recently, Yushutech has demonstrated strong capabilities in robot algorithm development, expanding the potential applications of humanoid robots in various fields such as entertainment, education, home use, and commercial sectors. The upgrade in their robot algorithms allows for smooth dance performances, showcasing their deep accumulation in robot algorithm research [2][3]. - The humanoid robot industry is expected to see significant commercialization by 2025, driven by continuous investments from companies like Tesla, OpenAI, Huawei, and Yushutech. The increasing demand for humanoid robots due to aging populations and rising labor costs presents a substantial market opportunity [3]. Summary by Sections Recent Developments - Yushutech's humanoid robots, Unitree H1 and Unitree G1, were recently listed on JD.com, with prices set at 99,000 yuan and 650,000 yuan respectively. The robots have shown impressive performance in dance, even under external disturbances, indicating advancements in their stability and algorithm capabilities [7]. Market Outlook - The humanoid robot market is anticipated to transition from B2B to B2C, creating a new emerging industry. The report emphasizes the importance of focusing on high-quality companies that are likely to benefit from the future large-scale application of humanoid robots [3].