广深篇：科技龙珠雷达

Investment Rating - The report rates the industry as "Outperform the Market" [1] Core Insights - The report highlights the emergence of "Tech Pearls" in Guangzhou and Shenzhen, which are companies with technological advantages and commercialization potential in fields such as low-altitude economy, AI large models, embodied intelligence, and intelligent driving. These companies are expected to break the monopoly of international tech giants and lead the revaluation of Chinese tech assets [6][8]. Summary by Sections Investment Recommendations - The report emphasizes the recent surge in interest in technological self-reliance and innovation, with Guangzhou and Shenzhen being prime incubators for emerging tech companies. The "Tech Pearls" in these regions are positioned at the forefront of new technologies and are influential in their industries [6][7]. Policy and Funding Support - According to the 2024 Global Unicorn List by Hurun Research Institute, Shenzhen and Guangzhou have 34 and 24 unicorn companies respectively, ranking sixth and ninth globally. The local governments have established substantial funds to support early-stage projects and technological innovation, including a 150 billion yuan fund in Guangzhou and various action plans in Shenzhen aimed at developing AI and embodied intelligence industries [7][8]. Tech Pearls in Guangzhou and Shenzhen - The report identifies eight key companies in the low-altitude economy, AI large models, embodied intelligence, and intelligent driving sectors: DJI, Self-Variable Robotics, Zhijidynamics, Yuanxiang XVERSE, Simu Technology, Hyperparameter Technology, Yuanrong Qixing, and Heg Technology. Each company is noted for its unique technological advancements and market positions [8][11]. DJI - DJI, founded in 2006, leads the global consumer drone market with nearly 80% market share. The company has transformed drones from "high-end toys" to "productive tools" across various industries, including agriculture and public safety [12][19]. Self-Variable Robotics - Established in 2023, Self-Variable Robotics focuses on developing a unified embodied large model and has created the world's largest parameter scale embodied intelligence model, WALL-A, which can perform complex tasks autonomously [27][32]. Zhijidynamics - Founded in 2022, Zhijidynamics specializes in full-size humanoid robots and has developed innovative products, including a four-wheeled robot capable of navigating various terrains [34][39]. Yuanxiang XVERSE - Founded in 2021, Yuanxiang XVERSE is a leading AI and 3D technology service company that has developed a series of high-performance large models and offers a one-stop platform for 3D content production and consumption [43][51]. Simu Technology - Founded in 2019, Simu Technology focuses on industrial AI and has developed a comprehensive ecosystem of smart manufacturing products, including industrial large models and AI-AOI visual inspection devices [60][62]. Hyperparameter Technology - Established in 2019, Hyperparameter Technology is a pioneer in the commercialization of Game Agents, leveraging AI technology to enhance interactivity and autonomy in gaming [8][11]. Yuanrong Qixing - Founded in 2019, Yuanrong Qixing specializes in intelligent driving solutions and has sold nearly 40,000 smart driving vehicles as of March 2025, aiming to develop a universal AI for the physical world [8][11]. Heg Technology - Founded in 2015, Heg Technology provides comprehensive 3D printing solutions, integrating data collection, management, model design, and printing processes [8][11].