人形机器人行业专题研究周报：华为哈勃入股千寻智能，大厂加速人形机器人布局

Investment Rating - The industry investment rating is "Recommended" (maintained) [5][32]. Core Insights - Major manufacturing and technology companies such as Midea, Huawei, and BYD are accelerating their investments in the humanoid robotics sector, indicating a strong growth trajectory for the industry [5][32]. - Midea's humanoid robot can replace three skilled workers, with plans to deploy 200 robots across 12 factories, aiming for a 15% increase in labor productivity and an 8% reduction in energy consumption [5][19]. - Huawei's Hubble Technology has acquired a 1.43% stake in Qianxun Intelligent, a humanoid robot developer, which is set to launch its first commercial humanoid robot, Moz1, featuring 26 degrees of freedom and industry-leading capabilities [5][20]. - BYD has invested over 100 million yuan in Pacini Perception Technology, becoming its largest external shareholder, focusing on sensors and dexterous hands for humanoid robots [5][28]. Summary by Sections Market Review - From May 6 to May 9, 2025, the humanoid robot index increased by 2.63%, outperforming the Shanghai Composite Index and Shenzhen Component Index [12][5]. Industry Dynamics - Midea's humanoid robot, weighing 68 kg and standing 1.9 meters tall, is designed for tasks such as equipment inspection and simple assembly, achieving an assembly precision of ±0.02mm [17][19]. - Qianxun Intelligent's upcoming robot, Moz1, is built on advanced AI technologies and is expected to excel in speed, precision, and safety [20][5]. - Strong Brain Technology has launched the Revo2 dexterous hand, which is 30% lighter than the industry average and features advanced tactile sensing capabilities [23][5]. Investment Recommendations - The report suggests focusing on companies with high certainty and incremental technology, particularly tracking Tesla's Optimus production progress and developments from domestic players like Huawei and Yushulian [32][5]. - Key stocks to watch include those in the Tesla chain, Yushulian chain, Huawei chain, and Zhiyuan chain, with specific companies highlighted for their growth potential [6][32].