国家开展场景试点，养老机器人加速落地

Investment Rating - The industry investment rating is "Positive" and maintained [6] Core Viewpoints - The report highlights the government's pilot policy for elderly care robots, reflecting a clear understanding of the demand for robotic applications and data. The trend towards humanoid robots is expected to lead to continued policy implementation in the future [4][9] - The report emphasizes that the pilot program will accelerate the deployment of elderly care robots, addressing urgent needs due to the aging population in China. By the end of 2024, the elderly population aged 60 and above is projected to reach 310 million, accounting for 22% of the total population [9] Summary by Sections Investment Suggestions and Targets - The report suggests focusing on various segments of the robotic industry, including: 1. Complete machine manufacturers: Recommended companies include UBTECH (未评级), Zhongjian Technology (未评级), Yijiahe (未评级), Ousheng Electric (Buy), and Haoneng Co. (未评级) [4] 2. Dexterous hands and sensors: Recommended companies include Jiechang Drive (未评级), Zhaowei Electromechanical (未评级), Top Group (Buy), Yongchuang Intelligent (Buy), and others [4] 3. Exoskeletons: Recommended companies include Meihu Co. (未评级), Seiko Technology (未评级), and Xinhua Jin (未评级) [4] Industry Trends - The report notes that the pilot program will focus on three types of elderly care services: home, community, and institutional care, targeting specific needs such as care for the disabled and elderly, emotional companionship, health promotion, and daily living assistance [9] - The report indicates that the lack of application scenarios for humanoid robots has hindered their development, but with government support and the urgent demand from an aging population, the commercialization process is expected to accelerate [9]