Guoyuan Securities·2025-05-12 12:13Investment Rating - The report maintains a "Recommended" rating for the humanoid robot industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [29]. Core Insights - The humanoid robot concept index increased by 2.82% from May 6 to May 9, 2025, outperforming the CSI 300 index by 0.82 percentage points. Year-to-date, the humanoid robot index has risen by 38.21%, surpassing the CSI 300 index by 37.53 percentage points [11][15]. - Key companies in the humanoid robot sector are actively developing new technologies and products, with significant investments and collaborations being reported [4][22]. Weekly Market Review - The humanoid robot index saw a weekly increase of 2.82%, with notable performers including AVIC Chengfei, which had the highest weekly gain of 35.97%, while Xianglou New Materials experienced the largest decline at -8.77% [11][15]. - The report highlights the rapid growth and interest in the humanoid robot sector, driven by technological advancements and increased investment [5]. Weekly Hotspots Review Policy Developments - The Beijing humanoid robot open-source community was launched in April 2025, aimed at fostering global developer collaboration and accelerating technological breakthroughs in the industry [18]. - The city of Foshan is advancing its "Action Plan for Accelerating the Development of the Intelligent Robot Industry (2025-2030)," with plans to invest 200 million yuan in establishing a comprehensive training facility for humanoid robots [18]. Product Technology Iteration - The deployment of the "Kua Fu humanoid robot" in Mianyang, Sichuan, as a traffic guide demonstrates the practical application of humanoid robots in urban settings [19]. - The 2025 World Robot Expo is set to feature nearly 50 leading companies, including Tesla, showcasing advancements in humanoid robotics [19]. Investment and Financing - IndustrialNext, a company focused on embodied intelligence, completed a multi-million dollar Series A funding round led by Khosla Ventures, indicating strong investor interest in the sector [21]. - Notable companies such as New Era and Zoomlion are accelerating their development of humanoid robots, with plans to launch new products by the end of 2025 [22][24]. Key Company Announcements - New Era plans to launch embodied intelligence/humanoid robots by the end of 2025, while Zoomlion is focusing on developing its humanoid robot business as part of its growth strategy [22][24]. - Far East Cable has successfully applied its cables in the production of UBTECH humanoid robots, showcasing the integration of components in the industry [24].