机器人行业跟踪报告：星动纪元发布新款人形机器人产品，产业发展态势持续向上

Investment Rating - The report assigns an "Accumulate" rating for the humanoid robot industry [4]. Core Insights - The humanoid robot industry is experiencing continuous upward development, with technological iterations and commercialization progressing simultaneously. The report highlights the successful launch of the full-size humanoid robot, Star L7, by Star Motion Era, which has already begun mass delivery and has a full order book [2][4]. Summary by Sections Industry Overview - The humanoid robot industry is seeing significant advancements, with Star Motion Era's new product, the Star L7, featuring a height of 1.71m, weight of 65kg (excluding dexterous hands), and a total of 55 degrees of freedom. The robot is equipped with dual cameras, 3D LiDAR, and a microphone array, showcasing its capabilities in complex environments [4]. Technological Developments - Star Motion Era has developed a comprehensive technology stack that includes the VLA model, body, and dexterous hands. The VLA model ERA-42 integrates visual understanding, prediction, and action into a single end-to-end model, enhancing the robot's operational capabilities [4]. Commercialization Progress - Star Motion Era has successfully delivered over 200 units of its humanoid robots this year, with more than 50% of orders coming from international clients. The company is rapidly advancing in high-value sectors such as industrial logistics and retail, with notable clients including Haier and Lenovo [4]. Investment Recommendations - The report suggests focusing on several key companies within the humanoid robot sector, including: - Joint Drive Module: Zhongchen Technology, Shuanghuan Transmission, Landai Technology, and Fengli Intelligent - Linear Actuator Module: Hengli Hydraulic - Motors: Mingzhi Electric - Encoders: Yap Technology and Fengcai Technology H - Dexterous Hands and Sensors: Hanwei Technology and Zhaowei Electromechanical - Structural Components: Changying Precision [4].