Guoyuan Securities·2025-12-30 05:41Investment Rating - The report maintains a "Recommended" investment rating for the humanoid robot industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [8]. Core Insights - The humanoid robot concept index increased by 4.61% from December 21 to December 26, 2025, outperforming the CSI 300 index by 2.66 percentage points. Year-to-date, the humanoid robot index has risen by 73.16%, surpassing the CSI 300 index by 51.25 percentage points [3][13]. - UBTECH has secured a project worth approximately 59.62 million yuan for the Huizhou Huizhong District humanoid robot data collection center, contributing to a total order amount of nearly 1.4 billion yuan for 2025 [6][23]. - The humanoid robot industry is witnessing significant advancements, including the launch of the 1000th industrial humanoid robot Walker S2 by UBTECH, marking a major milestone in production capacity [4][22]. Weekly Market Review - The humanoid robot index outperformed the CSI 300 index during the week, with notable stock performances including Andar Intelligent, which saw a weekly increase of 43.82%, while Lianchuang Electronics experienced a decline of 5.26% [3][18]. - The report highlights the strong performance of the humanoid robot sector, with a focus on key companies and their recent developments [5][6]. Weekly Hotspots Policy Developments - The Chinese Ministry of Foreign Affairs emphasized China's leading position in humanoid robot manufacturing, citing a significant number of patents and innovations in the field [4][21]. - The establishment of the Beijing Robotics Industry Association aims to enhance industry collaboration and support for companies in the humanoid robotics sector [4][21]. Product and Technology Iteration - UBTECH's Walker S2 robot is capable of performing complex tasks and has been integrated into production lines, showcasing the practical applications of humanoid robots in industrial settings [4][22]. - The Beijing Humanoid Robot Innovation Center has released the XR-1 model, which is designed to enhance the capabilities of humanoid robots in various applications [4][22]. Investment and Financing - Yundongchu Technology has initiated Pre-IPO financing, raising several hundred million yuan, indicating strong investor interest in the humanoid robotics sector [4][23]. - Key companies are making substantial investments in humanoid robotics, with plans for new projects and product developments [5][25][26]. Key Company Announcements - WanKai New Materials has signed a contract to supply lightweight components for humanoid robot arms, indicating ongoing collaboration within the industry [5][25]. - Zhenyu Technology plans to invest 1 billion yuan in the development of humanoid robot components, reflecting the growing demand for advanced robotics solutions [5][26]. - Guoji Precision Engineering is expanding its product offerings to include high-value bearings for humanoid robots, aiming to enhance its market position [5][26].