中国工业：花旗深圳 - 上海产业考察-买入 SYTECH 与 Leader Drive-China Industrials_ Citi Industrial Tour in Shenzhen _ Shanghai _ Buy SYTECH and Leader Drive

24 Nov 2025 01:47:00 ET │ 15 pages China Industrials Citi Industrial Tour in Shenzhen / Shanghai | Buy SYTECH and Leader Drive CITI'S TAKE We visited 11 companies in Shenzhen / Shanghai in the AI-infra and humanoid robot supply chain during 18-20 Nov. Global markets have been switching liquidity away from high-beta names like AI / humanoid robots into low-beta stocks on stretched valuation and concerns over monetization of hyperscalers and humanoid robots. Per our industry checks, order growth momentum of A ...