人形机器人行业报告：重视杭州新剑产业链

Investment Rating - The report rates the humanoid robot industry as "Positive" [1] Core Insights - The humanoid robot industry is accelerating towards mass production, with an estimated demand of approximately 2.1 million units in the manufacturing and domestic service sectors in China and the US by 2030, representing a market space of about 314.6 billion RMB [3][10] - Key components such as dexterous hands, planetary roller screws, and harmonic reducers are critical to the humanoid robot industry, with a projected market space of 102.2 billion RMB by 2030, and a CAGR of 141% from 2025 to 2030 [3][10] - Hangzhou Xinjian is a specialized enterprise focusing on precision transmission, actively investing in core components for humanoid robots, including dexterous hands and planetary roller screws [3][28] Summary by Sections Hangzhou Xinjian - Hangzhou Xinjian specializes in precision transmission components, including planetary roller screws and harmonic reducers, with a leading production capacity in the industry [3][28] - The company has shown steady growth from 2015 to 2022, with a revenue CAGR of 18% and a net profit CAGR of 32% [52][53] - The company has established partnerships with well-known manufacturers, providing components for various automotive models and achieving competitive pricing [60][62] Recommended Companies - Wuzhou Xinchun is collaborating with Hangzhou Xinjian to invest in planetary roller screws and harmonic reducers, with a total planned investment of approximately 1.5 billion RMB [3][73] - Jinwo Co., a leading domestic bearing manufacturer, is entering the robot sector, with plans to start screw business by the end of 2023 [3][74] Industry Progress - The humanoid robot industry is witnessing rapid industrialization, with major players entering the market and significant advancements in technology [4][6] - The report highlights the increasing penetration rates of humanoid robots in both manufacturing and domestic service sectors, with projections indicating substantial growth in demand [49]