\全会定调+量产元年\共振：人形机器人跃升国家战略

Investment Rating - The report maintains an "Overweight" rating for the robotics industry [8] Core Insights - The Central Committee of the Communist Party of China has officially included "humanoid robots" in its strategic focus, marking a significant elevation of this sector within national technology strategy [3][4] - The year 2025 is designated as the "Year of Mass Production" for humanoid robots, indicating a shift towards policy orders and performance realization for companies that pass scene acceptance tests [6][7] Summary by Sections Industry Performance - Over the past 12 months, the robotics sector has shown a relative return of 35.9% compared to the CSI 300 index, with an absolute return of 53.2% [2] Government and Policy Support - The Chinese government is committed to fostering a robust innovation ecosystem for artificial intelligence, with a focus on breakthroughs in foundational models and humanoid robots [4] - By the end of 2024, the number of AI companies is expected to exceed 4,500, indicating rapid growth in the industry [4] Investment Recommendations - Investment in humanoid robots should focus on three main areas: technological breakthroughs, application scenarios, and global expansion [7][18] - Companies like Greentec Harmonics and Guomao Co. are highlighted for their contributions to the humanoid robotics sector [7][18]