Guoxin Securities·2025-05-23 00:30Investment Rating - The report maintains an "Outperform" rating for the mechanical equipment industry [5][9]. Core Insights - The report emphasizes the growth potential in humanoid robots and AI infrastructure, highlighting strategic partnerships and technological advancements in these sectors [1][2][3][4][17][24]. - The report identifies key companies and segments within the humanoid robot supply chain, suggesting a focus on specific components such as joint modules, dexterous hands, and sensors for investment opportunities [4][9]. Industry Dynamics - Humanoid Robots: Huawei signed a comprehensive strategic cooperation agreement with UBTECH on May 12, 2025, to enhance collaboration in technology development and application scenarios [1][17]. - AI Infrastructure: Major telecom operators initiated the construction of a computing power internet experimental network on May 17, 2025, aimed at improving the accessibility of computing resources across industries [24][30]. Company Dynamics - Notable company activities include Xinjie Electric establishing an industrial investment fund focused on robotics and related fields on May 19, 2025 [2][33]. - On May 12, 2025, Yujian Technology signed a strategic cooperation agreement with Tencent Cloud to enhance the application of humanoid robots in various sectors [31]. Key Companies and Investment Focus - The report highlights specific companies for investment consideration in the humanoid robot sector, including: - Joint Modules: Hengli Hydraulic, Huichuan Technology, Zhenyu Technology, and Lens Technology [4]. - Sensors: Hanwei Technology [4]. - AI Infrastructure: Companies like Hanzhong Precision Machinery and Ice Wheel Environment are noted for their potential benefits from increased capital expenditure in data centers [4]. Market Performance - The report provides a summary of recent market performance for key companies, indicating fluctuations in stock prices and overall market trends within the humanoid robot and AI infrastructure sectors [16][35].