国内机器人产业加速拓展，AlAgent持续演进，持续看好相关产业投资机会

Investment Rating - The report maintains a "Buy" rating for several stocks in the robotics and AI sectors, including 沪电股份 (002463.SZ), 美格智能 (002881.SZ), 中际旭创 (300308.SZ), 天孚通信 (300394.SZ), and others [1]. Core Insights - The domestic robotics industry is accelerating its expansion, particularly in humanoid robots, with significant orders being secured and companies like 宇树科技 initiating IPO guidance [2][25]. - The report highlights three main directions for the humanoid robotics industry: rapid order fulfillment by leading companies, acceleration of the listing process for companies like 宇树科技 and 智元机器人, and continuous product iterations by various manufacturers [25][34]. - The launch of OpenAI's ChatGPT Agent is expected to drive the commercialization of AI agents and increase downstream computing power demand [21][23]. Summary by Sections Industry Overview - The communication sector index fell by 0.77%, underperforming the broader market, which saw the 沪深 300 index rise by 1.69% [13]. - The report notes that the telecommunications business revenue reached 905.5 billion yuan in the first half of 2025, with a year-on-year growth of 1% [46]. Robotics Industry Developments - Significant orders for humanoid robots have been secured, including a 90.51 million yuan project by 优必选科技 and a 124 million yuan order won by 智元机器人 and 宇树科技 [18][27]. - 宇树科技 has begun its IPO guidance process, with a significant stake held by its controlling shareholder [29]. - New products have been launched, such as 优必选's Walker S2, which features a rapid battery swap technology, and 宇树科技's Unitree R1, which integrates advanced AI capabilities [19][33]. AI Agent Insights - The ChatGPT Agent, launched by OpenAI, is designed to autonomously execute tasks based on user commands, showcasing a high accuracy rate in various assessments [22][39]. - The report emphasizes the potential for AI agents to enhance computing power demand across various sectors, including light modules and PCB manufacturing [23][43].