先进制造行业周报：Figure机器人快速迭代，北京市率先出台具身智能行动计划

Investment Rating - The industry investment rating is "Overweight" [3][20]. Core Insights - The humanoid robot industry is entering a significant production phase in 2025, with advancements in software and clearer capacity planning from various companies [14]. - The global cumulative demand for humanoid robots is expected to reach approximately 2 million units by 2030, indicating a critical breakthrough phase from 0 to 1 [4]. - The report emphasizes the importance of tracking leading companies in the humanoid robot supply chain, including Tier 1 suppliers and core component manufacturers [4][14]. Summary by Sections Investment Recommendations - Key recommended stocks include Beite Technology, Zhaowei Electromechanical, Hengli Hydraulic, and others [4]. - The report suggests closely monitoring companies involved in humanoid robotics, photovoltaic equipment, energy storage, and semiconductor equipment [15][17]. Industry Trends - The humanoid robot industry is experiencing rapid advancements, with companies like Figure and Star Epoch showcasing significant improvements in robot capabilities and training efficiency [6][9]. - The photovoltaic equipment sector is seeing accelerated penetration of N-type technology, enhancing the competitiveness of leading companies [16]. - Energy storage is becoming essential for new grid construction, with favorable policies boosting industry growth [16]. Key Focus Areas - The report highlights the importance of automation, hydrogen energy, and engineering machinery as critical sectors for investment [17]. - The semiconductor equipment market is projected to grow significantly, with a focus on domestic alternatives and increasing demand [17]. - The laser equipment market is also noted for its potential growth, particularly in high-growth sectors like lithium batteries and photovoltaics [18].