机械设备行业点评报告：从机器人格斗大赛看，人形机器人产业进展走到哪一步？

Investment Rating - The report maintains an "Accumulate" rating for the mechanical equipment industry, indicating a positive outlook for the sector in the next six months [6]. Core Insights - The "CMG World Robot Competition - Mecha Fighting Arena" concluded on May 25, showcasing the advancements in humanoid robotics, particularly the Yushu G1 robot's combat capabilities [1][14]. - The Yushu G1 demonstrated exceptional motion control, successfully executing complex fighting maneuvers such as side kicks, knee strikes, and combination punches, highlighting its high level of anthropomorphism and fluidity in movement [1][16]. - The humanoid robot's balance and recovery abilities were notably enhanced, allowing it to maintain an upright posture after being struck and to smoothly transition from a fallen position back to standing [2][20]. Summary by Sections Event Overview - The "CMG World Robot Competition" featured four teams competing with the Yushu G1 robots, which were controlled via manual, voice, and motion-sensing methods [1][14]. Motion Control Capabilities - The Yushu G1 exhibited advanced motion control, capable of performing various high-difficulty combat actions, with all movements executed through remote control based on pre-trained skills [1][16]. Software Development - The robot's skill acquisition involved two pre-training methods: real data from professional fighters and video data for imitation learning, enhancing its combat skills [3][25]. - The robot's perception system quickly locates opponents and generates executable strategies based on learned training, showcasing significant advancements in its motion control model [29]. Hardware Performance - The Yushu G1 is equipped with high-performance motors and lightweight materials, which enhance its agility and movement capabilities [4][32][33]. - The robot's self-developed joint motors provide excellent output capabilities, with a maximum torque of 120 N·m at critical joints, significantly improving its performance [32]. Industry Outlook - The humanoid robot industry is expected to accelerate its commercialization, with Yushu Technology projected to achieve a shipment of over 1,000 units by 2025 [5][35]. - The current development pace of hardware and motion control is outpacing that of the large model (brain) aspect, indicating a need for further advancements in generalization capabilities for broader task execution [35]. Investment Recommendations - The report recommends investing in companies such as Zhongda Lide, Changsheng Bearing, Aobi Zhongguang, and Huarui Precision, while suggesting attention to Shoucheng Holdings, Wolong Electric Drive, Lingyun Light, and Hanwei Technology [6][38].