Figure公开机器人训练方法，vivo入局具身智能

Investment Rating - The industry is rated positively, with a recommendation to continue focusing on quality leading companies and potential investment opportunities in the humanoid robotics sector [5][21]. Core Insights - The humanoid robotics industry is experiencing significant advancements, particularly in the application of reinforcement learning (RL) for training humanoid robots, which enhances their walking capabilities and reduces development time [8][9]. - The report emphasizes the importance of the supply chain, highlighting that major players like Tesla, Huawei, and ByteDance will have a competitive advantage due to their control over demand scenarios and hardware supply chains [21]. - The report suggests that the current market adjustment presents a good opportunity for investment, particularly in leading companies within the sector [5][21]. Industry News - A comprehensive humanoid robot sports event will be held in Wuxi from April 24 to 26, 2025, marking a significant milestone for the industry [2][7]. - Figure has made strides in humanoid movement by utilizing RL to train its humanoid robot, significantly improving efficiency and performance [8]. - Vivo announced the establishment of a robotics lab, focusing on consumer-grade robots for personal and family scenarios [11]. Company Developments - Huachen Equipment signed a contract for the sale of 100 precision grinding machines, indicating strong demand in the robotics equipment sector [10]. - Flydragon Automotive received a project agreement from a well-known international auto parts company, projecting sales revenue of approximately 160 million yuan [13]. - iFlytek's humanoid robot Walker S1 is being tested in Audi's production base for quality control tasks, showcasing the integration of robotics in manufacturing [15]. - Yijiahe and Hong Kong University of Science and Technology have established a joint venture to focus on intelligent motion and tactile interaction technologies [16]. Key Metrics - As of March 25, 2025, the majority of robotics stocks experienced price adjustments, with notable increases in companies like Zhaomin Technology (+9%) and Rifa Precision Machinery (+8%) [4][20]. - The report indicates that several companies' current market values have fallen below their average market values from June 2021 to June 2022, suggesting potential undervaluation [4][20].