机器人行业周报：宇树科技启动IPO，优必选WalkerS2全球首个实现自主换电-20250720

Investment Rating - The report maintains an "Outperform" rating for the mechanical equipment industry [1]. Core Insights - The robot index outperformed the market, with a 4.5% increase during the week of July 14-20, 2025, surpassing the Shanghai Composite Index by 3.8 percentage points and the CSI 300 Index by 3.5 percentage points [5][12]. - The launch of the Walker S2 by UBTECH, the world's first humanoid robot with a hot-swappable battery system, allows for 24/7 operation without human intervention, enhancing productivity and reducing maintenance costs [17][18]. - NVIDIA's CEO Huang Renxun stated that the next wave of AI will be in robotics, emphasizing the integration of AI in manufacturing and human-robot collaboration [21]. - The establishment of a one-stop intelligent public service platform for humanoid robots in Beijing aims to integrate technology development, data collection, and testing capabilities [22]. - Yushutech has initiated its IPO process, with annual revenue exceeding 1 billion RMB [23]. Summary by Sections Market Review - The robot index increased by 4.5% from July 14 to July 20, 2025, outperforming major indices [5][12]. Industry Dynamics - UBTECH's Walker S2 features a unique battery swapping technology that allows for seamless operation and reduces downtime [17][18]. - The platform launched in Beijing aims to support the development and application of humanoid robots [22]. Financing Dynamics - Yushutech has started its IPO process, with significant control held by its founder [23].