Huaxin Securities·2025-08-26 08:55Investment Rating - The report maintains a "Buy" rating for the automotive industry, highlighting the potential of humanoid robots and related technologies [2][9]. Core Insights - The humanoid robot sector is experiencing a significant transformation, moving from passive execution to active engagement, driven by events like the World Artificial Intelligence Conference and the World Robot Conference [7][9]. - The report emphasizes the potential for new applications and orders in the robotics sector, suggesting a bullish outlook for companies involved in humanoid robotics [7][9]. Summary by Sections Industry Performance - The automotive sector has shown strong performance with a 1-month increase of 9.0%, a 3-month increase of 10.2%, and a 12-month increase of 59.8%, outperforming the Shanghai Composite Index [4][18]. Investment Recommendations - Recommended companies include: - Double Lin Co., Ltd. (300100.SZ) with a target price of 50.84 and an EPS forecast of 1.24 for 2024 [12]. - Redik (300652.SZ) with a target price of 63.03 and an EPS forecast of 1.22 for 2024 [12]. - Jianghuai Automobile (600418.SH) with a target price of 52.48 and an EPS forecast of 0.12 for 2024 [12]. - Sailis (601127.SH) with a target price of 135.87 and an EPS forecast of 3.84 for 2024 [12]. - Beite Technology (603009.SH) with a target price of 49.80 and an EPS forecast of 0.20 for 2024 [12]. - New Spring Co., Ltd. (603179.SH) with a target price of 48.88 and an EPS forecast of 2.28 for 2024 [12]. - Rongtai Co., Ltd. (605133.SH) with a target price of 38.92 and an EPS forecast of 0.88 for 2024 [12]. - Kait Co., Ltd. (832978.BJ) with a target price of 32.96 and an EPS forecast of 0.82 for 2024 [12]. - Jun Chuang Technology (833533.BJ) with a target price of 35.85 and an EPS forecast of 1.18 for 2024 [12]. - Yishi Precision (836221.BJ) with a target price of 21.74 and an EPS forecast of 0.56 for 2024 [12]. Industry Data Tracking - The report notes that the average daily retail of passenger cars in early August was 45,200 units, a 4% decrease year-on-year but a 6% increase compared to the previous month [40][41]. - The wholesale of passenger cars for the first ten days of August was 403,000 units, reflecting a 16% year-on-year increase [41]. Company Announcements and Industry News - The report highlights the first World Humanoid Robot Games, showcasing over 500 robots from 16 countries, indicating a growing interest and investment in humanoid robotics [6][9]. - The introduction of the Genie Envisioner platform by Zhiyuan Robotics, which integrates various technologies for robot control, marks a significant advancement in the field [8][9].