人形机器人行业跟踪报告：特斯拉Robotaxi即将公开试运营

Investment Rating - The report assigns an "Overweight" rating for the industry, indicating a potential return exceeding 15% relative to the CSI 300 index [3][9]. Core Insights - Tesla is positioned as a global leader in the commercialization of Robotaxi and humanoid robot industries, with the upcoming public trial of Robotaxi expected to significantly enhance the performance of the Tesla supply chain [2][3]. - The launch of Robotaxi is seen as a pivotal moment for the industry, transitioning from concept to reality, with substantial performance growth anticipated for related sectors [3]. - Key companies in the supply chain that are recommended for investment include Top Group, Zhaomin Technology, Junsheng Electronics, and Xinquan Co., which are expected to benefit from the growth of Robotaxi and humanoid robots [3]. Summary by Sections Tesla Robotaxi Launch - Elon Musk announced the tentative public trial date for Tesla's Robotaxi service as June 22, with an initial rollout of approximately 10 vehicles, scaling up to thousands over time [2][3]. - The expansion of Robotaxi services to cities like San Francisco is planned, although specific timelines have not been disclosed [3]. Management Changes - The head of Tesla's Optimus robot project has announced his departure, with the autonomous driving head taking over the project [3]. Industry Collaborations - UBTECH and Foxconn are collaborating in the humanoid robot sector, focusing on deep applications in smart manufacturing and talent development [3]. - This partnership aims to create a closed-loop ecosystem for technology research, scenario validation, talent cultivation, and industrial application [3]. Financial Projections - Financial estimates for key companies include: - Top Group: EPS forecast of 1.73 CNY for 2024, with a PE ratio of 28 [4]. - Zhaomin Technology: EPS forecast of 0.59 CNY for 2024, with a PE ratio of 79 [4]. - Junsheng Electronics: EPS forecast of 0.68 CNY for 2024, with a PE ratio of 26 [4]. - Xinquan Co.: EPS forecast of 2.00 CNY for 2024, with a PE ratio of 23 [4].