人形机器人产业周报：具身智能首次纳入未来产业，政策加码打造领先集群

Investment Rating - The report maintains a "Recommended" investment rating for the humanoid robot industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [28]. Core Insights - The humanoid robot concept index increased by 7.96% from March 2 to March 7, 2025, outperforming the CSI 300 index by 6.57 percentage points. Year-to-date, the humanoid robot index has risen by 50.20%, surpassing the CSI 300 index by 46.96 percentage points [2][10]. - The 2025 government work report has officially included "embodied intelligence" and "intelligent robots" in national strategic deployment, marking a significant shift towards the integration of "intelligent + physical" in the technology manufacturing sector [3][5]. - The report emphasizes the importance of the humanoid robot industry in the context of national strategy, highlighting the need for technological breakthroughs, scene implementation, and ecological aggregation [5]. Summary by Sections Weekly Market Review - The humanoid robot concept index saw a significant increase of 7.96% during the week, outperforming the CSI 300 index [10]. - Year-to-date performance shows a 50.20% increase in the humanoid robot index compared to the CSI 300 index [10]. Weekly Hotspots Review Policy News - The 2025 government work report has included "embodied intelligence" and "intelligent robots" as part of the national strategy, aiming to foster future industries and promote industrial integration [3][19]. - Zhejiang Province plans to accelerate the layout of humanoid robots and other new industries, with over 1,000 major projects and an annual investment exceeding 1 trillion yuan [19]. - Shenzhen has issued an action plan to develop a leading global humanoid robot industry cluster, focusing on technological breakthroughs and industry ecosystem construction [19]. Product Technology Iteration - UBTECH announced a patent for humanoid robot handling control, which enhances precision and efficiency in object handling [20]. - The world's first humanoid robot equipped with 5G-A technology, named "Kua Fu," was launched by China Mobile, Huawei, and Leju, showcasing significant advancements in positioning and operational capabilities [20]. - The NAVIAI robot and the upcoming third-generation humanoid robot have completed testing, indicating strong technical support for future applications [22]. Investment and Financing - Figure, a US humanoid robot startup, secured $675 million in funding, achieving a valuation of $2.6 billion, with notable investors including Microsoft and OpenAI [23]. - Yiyou Technology completed a 50 million yuan Series A financing round to expand its technology and production capacity [23]. Key Company Announcements - Zhongding Holdings' subsidiary signed a strategic cooperation agreement with Aft to develop robot business [24]. - Sogou Technology and iFlytek have formed a strategic partnership to enhance humanoid robot capabilities [25]. - Midea Group is actively developing humanoid robots and has the capacity to produce 80,000 harmonic reducers annually [26].