Guoxin Securities·2025-06-05 09:20Investment Rating - The report rates the humanoid robot industry as "Outperform the Market" [4] Core Views - The production rhythm of Tesla's humanoid robot Optimus is becoming clearer, and with the continuous layout of domestic and foreign giants (such as Figure, Zhiyuan, Huawei, Yushu, Xiaomi), the humanoid robot industry is expected to accelerate its landing, with 2025 likely being the starting point for industry explosion, presenting opportunities for industrial upgrades [3][4] Market Performance - The Guosen Humanoid Robot Index fell by 3.88% during the week of May 26-30, underperforming the CSI 300 Index by 2.79 percentage points and the Shanghai Composite Index by 3.85 percentage points, while it has risen by 8.4% year-to-date [1][11] - Key companies such as Top Group, Sanhua Intelligent Control, and Zhongding Holdings experienced declines of 3.95%, 4.58%, and 5.6% respectively, while Beite Technology saw an increase of 2.99% [1][11] Industry Dynamics - Elon Musk stated that the Optimus humanoid robot will walk on Mars by 2027 [21] - Yushu Technology has changed its name and is set to launch a new robot with 26 degrees of freedom priced below $10,000 [25] - Various companies, including Tesla and Xiaoma Zhixing, are releasing plans related to Robotaxi [22][23] - The establishment of the Embodied Intelligence Data Alliance aims to promote the rapid development of embodied intelligence in various sectors [35] Key Company Profit Forecasts and Investment Ratings - Top Group: Outperform the Market, with an EPS of 1.78 for 2024 and 2.04 for 2025, PE ratios of 28 and 24 respectively [4] - Sanhua Intelligent Control: Outperform the Market, with an EPS of 0.83 for 2024 and 1.00 for 2025, PE ratios of 31 and 26 respectively [4] - Shuanghuan Transmission: Outperform the Market, with an EPS of 1.21 for 2024 and 1.50 for 2025, PE ratios of 26 and 21 respectively [4] - Zhongding Holdings: Outperform the Market, with an EPS of 0.95 for 2024 and 1.15 for 2025, PE ratios of 18 and 15 respectively [4]