人形机器人产业周报：宇树宣布Q4提交IPO申请，优必选获2.5亿元人形机器人合同-20250909

Investment Rating - The report maintains a "Recommended" investment rating for the humanoid robot industry [7] Core Insights - The humanoid robot concept index decreased by 1.45% from August 31 to September 5, 2025, underperforming the CSI 300 index by 0.64 percentage points. Year-to-date, the humanoid robot index has increased by 67.32%, outperforming the CSI 300 index by 50.57 percentage points [11][17] - Major developments include the establishment of the Zhejiang Humanoid Robot Industry Technology Alliance, which aims to promote deep integration of industry, academia, and research, accelerating technological breakthroughs and application scenarios [20] - Yushun Technology plans to submit an IPO application in Q4 2025, while UBTECH has secured a 250 million yuan contract for humanoid robot products and solutions [3][21] - Investment highlights include UBTECH receiving a strategic financing credit line of 1 billion USD from Infini Capital, aimed at expanding its market presence in the Middle East [22] Weekly Market Review - The humanoid robot index saw a weekly decline of 1.45%, with the largest weekly gain from Yiwei Lithium Energy (+36.39%) and the largest loss from Inner Mongolia First Machinery Group (-23.76%) [11][17] - The humanoid robot index has shown a year-to-date increase of 67.32%, significantly outperforming the CSI 300 index [11] Weekly Hotspot Review Policy Developments - The Zhejiang Humanoid Robot Industry Technology Alliance was officially established, aiming to create a leading area for innovation and development in the humanoid robot industry [20] Product and Technology Iteration - Yushun Technology announced plans to submit an IPO application in Q4 2025, with a significant portion of its sales coming from quadruped and humanoid robots [20] - UBTECH has secured a 250 million yuan contract for its humanoid robot Walker S2, which features an autonomous hot-swappable battery system [21] Investment and Financing - UBTECH has signed a strategic partnership agreement with Infini Capital for a total of 1 billion USD in financing, which includes plans to establish a super factory and R&D center in the Middle East [22] Key Company Announcements - InnoSilicon has launched the world's first gallium nitride robot, with expected shipments exceeding 10,000 units this year [4] - Yiwei Lithium Energy's "Longquan No. 2" all-solid-state battery has successfully rolled off the production line, targeting humanoid robots and other high-end applications [24]