Guoxin Securities·2025-04-08 12:20Investment Rating - The report maintains an "Outperform" rating for the industry [6][7]. Core Views - The humanoid robot sector is rapidly evolving, with significant advancements from both domestic and international players, including Tesla's goal to produce 5,000 units by 2025 [3][20]. - The low-altitude economy is gaining momentum, with initiatives to establish a unified air traffic management network and promote the development of core components [4][29]. - The AI infrastructure is expected to see continuous growth driven by increasing demand for data centers, benefiting companies involved in cooling systems and energy management [4][6]. - The scientific instrument market presents substantial opportunities for domestic manufacturers due to low market share and high potential for domestic substitution [6][24]. Summary by Sections Industry Dynamics - The humanoid robot sector is witnessing multiple product launches and collaborations, including the introduction of various humanoid robots by companies like 1X Technologies, Pudu Robotics, and others [14][15][16][17][18]. - The low-altitude economy is being actively promoted through government initiatives and conferences aimed at fostering innovation and development in this sector [23][29]. Company Dynamics - Major companies such as Midea Group and Sanhua Intelligent Controls are forming strategic partnerships to enhance their capabilities in the humanoid robot market [30]. - New product launches, such as the upgraded CRAF collaborative robot by Yujian Robotics, highlight the ongoing innovation in the robotics sector [31]. Key Companies and Investment Focus - The report highlights several key companies for investment consideration, including Longxi Co., Yingliu Co., Dingyang Technology, and others, focusing on sectors like humanoid robots, AI infrastructure, and scientific instruments [3][4][6]. - Specific companies are recommended based on their roles in the supply chain of humanoid robots, such as reducers, motors, and sensors [3][4]. Market Performance - The report provides a detailed analysis of the stock performance of key companies, indicating fluctuations in share prices and market trends over recent weeks [13][33].