人形机器人行业周报：Optimus V3预计2026年第一季度亮相，宇树发布H2仿生人形机器人-20251025

Investment Rating - The report maintains a "Recommended" rating for the humanoid robotics industry [1] Core Insights - The humanoid robotics industry is expected to open up broader market opportunities beyond automobiles, with significant investment potential as the industry transitions from "0 to 1" [16] - Tesla's Optimus V3 is set to debut in Q1 2026, with expectations of enhancing productivity by over five times [2] - The report highlights the rapid iteration of products and business collaborations within the humanoid robotics sector, indicating a potential "ChatGPT moment" for the industry [16] Industry Dynamics - Tesla's Optimus V3 is anticipated to be highly flexible, akin to "humans in robot suits," with production starting next year [2] - Country Garden Services has begun mass production of its cleaning robots, aiming to produce over 10,000 units next year [3] - The establishment of new companies and local regulations in Hangzhou is expected to provide stable policy support for the humanoid robotics industry [4][7] Market Performance - The report notes the relative performance of the power equipment sector, with a 1-month increase of 1.8%, a 3-month increase of 30.0%, and a 12-month increase of 38.4% [5] Key Companies to Watch - The report suggests focusing on companies with core component expertise and active involvement in humanoid robotics, including Sanhua Intelligent Control, Top Group, and others [16]