Investment Rating - The industry investment rating is maintained as "Positive" [5] Core Viewpoints - Despite the intensification of short-term trade frictions, domestic component manufacturers are investing in overseas production capacity, and humanoid robots are expected to enter mass production, indicating that the impact of trade frictions is limited. The humanoid robot sector is poised for a strategic opportunity [3][8] - The leading companies in the humanoid robot sector are expected to accelerate mass production, with Tesla's CEO announcing plans for the third-generation humanoid robot, Optimus, to begin production in early 2026, aiming for a monthly output of 100,000 units within five years. This reflects the maturity of robot products and signals a new phase of mass production in the industry [8] Summary by Sections Trade Friction Impact - The report indicates that the impact of trade frictions on humanoid robots is minimal, with the sector presenting a good opportunity for investment [8] - Domestic companies are actively establishing overseas production bases, reducing uncertainties in the supply chain due to trade tensions [8] Industry Trends - The report highlights that the leading companies, such as Tesla, are driving the industry towards mass production, with significant support from the domestic supply chain [8] - The report emphasizes the strong manufacturing capabilities of domestic component companies, which are expected to benefit from the upcoming mass production phase [3][8] Investment Targets - Recommended investment targets include Top Group (601689, Buy), Sanhua Intelligent Control (002050, Buy), Wuzhou New Spring (603667, Buy), Hengli Hydraulic (601100, Not Rated), and Zhenyu Technology (300953, Buy) [3]