最大规模人形机器人亮相WAIC，宇树R1人形机器人发布售价3.99万元

Investment Rating - The industry rating is "Outperform the Market," indicating that the overall return of the industry is expected to exceed the market benchmark index by more than 5% over the next 6 months [14]. Core Insights - The 2025 World Artificial Intelligence Conference (WAIC) showcased over 150 humanoid robots, marking the largest display of humanoid robots in China to date, with more than 800 domestic and international companies participating and presenting over 3000 smart technology exhibits [4][6]. - Unitree Technology launched its third humanoid robot, the Unitree R1, priced at 39,900 yuan, significantly lower than its first full-sized humanoid robot, the H1, which was priced at 650,000 yuan. The R1 weighs only 25 kg and features 26 degrees of freedom, supporting advanced movements such as backflips and running downhill [5][6]. - The humanoid robot market in China is projected to reach nearly 38 billion yuan by 2030, with a compound annual growth rate (CAGR) exceeding 61% from 2024 to 2030. Sales of humanoid robots are expected to grow from approximately 4,000 units to 271,200 units during this period [6]. Summary by Sections Industry Overview - The WAIC event highlighted the rapid advancements in humanoid robotics, with significant participation from various manufacturers showcasing new products [4][6]. Product Launch - Unitree's R1 humanoid robot represents a shift towards more affordable and versatile robotic solutions, emphasizing lightweight design and high flexibility [5]. Market Forecast - The future of humanoid robots is optimistic, with expectations of widespread adoption similar to automobiles, driven by advancements in artificial intelligence and robotics technology [6].