数采中心建设提速，国内人形机器人多元化场景落地将加速推进

Investment Rating - The industry investment rating is maintained at "Overweight" [5] Core Insights - The report highlights that artificial intelligence (AI) will deeply reconstruct traditional industries over the next five years, with significant advancements in humanoid robots expected in manufacturing settings [5] - The report notes that the total order amount for UBTECH's Walker series humanoid robots has reached 1.3 billion yuan, indicating a rapid acceleration in commercialization [7] - The LET dataset released by Leju Intelligent is expected to enhance the deployment of humanoid robots across various scenarios in China [7] - The new generation humanoid robot IRON from Xiaopeng is set for mass production by the end of 2026, showcasing advancements in design and functionality [7] Summary by Sections Industry Performance - Over the past 12 months, the industry has shown a relative return of 6.6% and an absolute return of 22.18% [3] Investment Highlights - UBTECH's recent contracts include a 1.43 billion yuan project for a humanoid robot data collection and training center, with a total order amount exceeding 1.3 billion yuan for 2025 [7] - The LET dataset, which covers over 60,000 minutes of real operational scenarios, is expected to significantly reduce development time and training costs for other participants in the humanoid robot sector [7] - Xiaopeng's third-generation humanoid robot IRON has been designed with advanced features and is expected to enhance operational capabilities in various applications [7] Recommendations - The report suggests focusing on various components and companies within the robotics sector, including reducers, motors, sensors, and manufacturers of humanoid robots [8]