人形“半马”在京举行，促进人形机器人产业长期健康发展

Investment Rating - The industry investment rating is maintained at "Overweight" [5] Core Insights - The humanoid robot industry is experiencing accelerated commercialization, with a focus on the order fulfillment situation of chain enterprises [4][5] - The first humanoid robot half marathon event highlighted the current shortcomings in humanoid robots, indicating that both hardware and software require significant improvements [7] - The event serves to promote technological upgrades and long-term healthy development of the humanoid robot industry, providing a platform for companies to showcase their progress and collaborate [7] Summary by Sections Industry Performance - Over the past 12 months, the industry has shown a relative return of 13.29% and an absolute return of 20.16% [3] Investment Highlights - The humanoid robots showcased at the half marathon lacked autonomous decision-making capabilities and required human assistance for operation, indicating a need for further innovation in algorithms and component design [7] - The event also revealed issues with heat dissipation and battery life, suggesting that current robots are not yet ready for real-world applications [7] - The report emphasizes that the ultimate goal for humanoid robots is not just to participate in events but to be applied in factories, homes, healthcare, and service sectors [7] Recommendations - The report suggests focusing on companies involved in key components such as reducers, motors, sensors, lead screws, and the humanoid robots themselves, highlighting specific companies to watch for potential growth [7]