Orbbec (SH:688322) Dong Jian Yan Bao·2025-02-24 15:47Investment Rating - The report does not explicitly state an investment rating for the industry or the specific company [1]. Core Insights - The company focuses on 3D visual perception technology, aiming to enhance the understanding of the world by various terminals in the AI era [19]. - The main products include 3D visual sensors and applications for both consumer and industrial use, with significant applications in biometric recognition, robotics, AIoT, and 3D scanning [19]. - The company has established a comprehensive technical system for 3D visual perception, integrating multiple complex disciplines such as optics, mechanics, electronics, chip design, algorithms, and firmware development [19]. Summary by Sections 1. Basic Research Information - The research was conducted on February 20, 2025, focusing on the electronic components industry, specifically on the company "奥比中光-UW" [13]. 2. Detailed Research Institutions - Various institutions participated in the research, including Mingda Asset, CICC, Galaxy Securities, and others, indicating a broad interest from financial entities [14][15]. 3. Research Institution Proportion - The report does not provide specific data on the proportion of research institutions involved [17]. 4. Main Content Information - The company is a leading supplier of 3D visual sensors globally, having a significant first-mover advantage in the industry [21]. - The competitive landscape of the 3D visual perception industry is stable due to high entry barriers related to technology, funding, and talent [21]. - The company plans to maintain high investment in technology research and market expansion over the next three to five years to leverage the rapid evolution of 3D visual perception technology [21]. - The demand for 3D visual perception is increasing in various applications, particularly in robotics, as robots evolve towards intelligent and interactive functionalities [22]. - The company has developed a mechanical arm capable of executing complex tasks based on voice commands, showcasing its commitment to integrating AI technologies [23]. - The evolution of embodied intelligent robots is expected to create significant technological benefits and new economic growth points, with visual technology poised for historical development opportunities [24].