Guoyuan Securities·2025-05-08 13:46Investment Rating - The industry investment rating is maintained as "Recommended" [2][26]. Core Viewpoints - The humanoid robot concept index increased by 4.22% from April 28 to April 30, 2025, outperforming the CSI 300 index by 4.65 percentage points. Year-to-date, the humanoid robot index has risen by 34.41%, exceeding the CSI 300 index by 35.72 percentage points [3][13]. - Significant policy support is observed, with government leaders emphasizing the acceleration of the humanoid robot industry and the establishment of a robust industrial ecosystem through various measures [4][19][21]. - The report highlights the successful delivery of 220 units of the Chery Mocha humanoid robot, showcasing advancements in technology and practical applications in sales and service [5][22]. Summary by Sections 1. Weekly Market Review (April 28 - April 30, 2025) - The humanoid robot index rose by 4.22%, outperforming the CSI 300 index by 4.65 percentage points. The year-to-date increase is 34.41%, surpassing the CSI 300 by 35.72 percentage points [3][13]. 2. Weekly Hotspot Review 2.1 Industry Important News - Policy - President Xi Jinping emphasized the need for Shanghai to become a global technology innovation hub, highlighting the role of AI in driving innovation [4][19]. - The Henan provincial government expressed support for iFlytek's collaboration in humanoid robots, aiming to enhance industrial transformation [4][19]. - Hubei's government is advancing the development of the humanoid robot industry through improved policies and funding [4][21]. 2.2 Industry Important News - Product Technology Iteration - Chery's Mocha humanoid robot completed the delivery of 220 units, demonstrating its capabilities in customer service [5][22]. - UPS is in discussions with Figure AI for deploying humanoid robots [5][22]. - UBTECH signed a procurement contract for humanoid robots to be used in automotive factories [5][22]. 2.3 Industry Important News - Investment and Financing - Humanoid robot company Paxini Technology received over 100 million yuan in strategic investment from BYD, marking a significant investment in the field [5][24]. 2.4 Key Company Announcements - Jinyi Yongci announced a share buyback plan of 100 to 200 million yuan [5][25]. - Zhenghai Magnetic Materials has completed small batch supplies to downstream humanoid robot clients [5][25].