人形机器人行业快评报告：智元远征A2人形机器人同时获中美欧三方认证

Investment Rating - The industry investment rating is "Outperform the Market," indicating an expected increase of over 10% in the industry index relative to the market in the next six months [4][8]. Core Insights - The recent achievement of simultaneous certifications from China, the EU, and the US for the ZhiYuan A2 humanoid robot signifies a major technological breakthrough and has profound implications for industry development and commercialization [2]. - The CR certification, being the only high-end robot certification promoted by the state, validates the safety and intelligence of the ZhiYuan A2, marking it as the first humanoid robot to receive this certification globally [2]. - The ZhiYuan A2 is also the first humanoid robot in China to obtain the EU CE-MD certification, indicating that its mechanical safety design and risk control systems meet international standards [2]. - The simultaneous acquisition of these three major economic certifications demonstrates that the ZhiYuan A2 meets the highest global standards in mechanical safety, electrical specifications, electromagnetic compatibility, and functional reliability, breaking down compliance barriers in the international humanoid robot market [2]. - The global certification breakthrough signifies that the humanoid robot industry has crossed the "safety and trust" threshold, enhancing China's competitiveness in hard technology on a global scale [2]. - The industry is expected to evolve along the path of "B-end scenario prioritization → sharp decline in core component costs → exploration of household applications," with ZhiYuan leveraging its certification advantage to tackle algorithm generalization and computing cost challenges [2]. Summary by Sections Industry Overview - The humanoid robot industry is experiencing a significant policy upgrade aimed at accelerating supply chain autonomy and global competitiveness, with cost being a major factor limiting large-scale adoption [3]. Future Outlook - The humanoid robot industry is anticipated to witness a dual drive of "technological breakthroughs and mass production" by 2025, with the global certification of the ZhiYuan A2 facilitating its global sales [3]. - There is a recommendation to focus on high-quality domestic component manufacturers that will benefit from the large-scale application of humanoid robots [3].