人形机器人系列（八）：北京机器人大会、亦庄机器人马拉松有哪些亮点？

Investment Rating - The report suggests a positive outlook on the humanoid robotics industry, indicating that the rapid development of the industry and the potential for future applications warrant attention to leading manufacturers and component suppliers [11]. Core Insights - The Beijing Robot Conference highlighted significant advancements in humanoid robots, particularly in their stability, joint performance, and control algorithms compared to 2024 [5][11]. - The report anticipates that from 2025 to 2027, specific vertical applications will begin to materialize, followed by large-scale B2B applications from 2028 to 2030, and a subsequent acceleration of B2C applications post-2030 [31][11]. - The development of the "brain" technology and embodied intelligence is a focal point for many companies, with discussions around data collection and virtual training gaining traction [41][11]. Summary by Sections Robot Conference Summary - The second China Humanoid Robot and Embodied Intelligence Industry Conference took place on April 15, 2025, showcasing over 40 leading companies and their latest technological achievements [19][22]. - Key discussions included the consensus on the industry's development trends, focusing on the "body," "brain," and dexterous hands [8][30]. Marathon Participation - The Beijing Yizhuang Half Marathon featured 20 teams using 17 different humanoid robot models, demonstrating their capabilities in various terrains [9][66]. - The Tian Gong team, using the Tian Gong Ultra robot, achieved first place, showcasing its advanced running capabilities and adaptability to complex environments [72][78]. Investment Recommendations - The report emphasizes the rapid growth of the humanoid robotics industry, with a clear trajectory towards broader application scenarios and commercialization [11]. - It recommends focusing on leading manufacturers and component suppliers that possess core technologies and collaborate closely with top-tier companies [11].