人形机器人板块点评：春晚机器人本体相关合作公司梳理第4弹——松延动力与追觅科技

Investment Rating - The industry investment rating is "Positive" (maintained) [3][6] Core Insights - The report highlights the collaboration between Songyan Power and Chasing Technology as a key event, marking their partnership for the 2026 Spring Festival Gala [1][3] - Songyan Power has signed strategic cooperation agreements with various companies to enhance robot training and operational capabilities, indicating a strong industry network [2][3] - Chasing Technology has established strategic partnerships with multiple firms to advance its smart appliance offerings, showcasing its commitment to innovation and quality [4][3] Summary by Relevant Sections Songyan Power Developments - Songyan Power has entered into a strategic cooperation agreement with Fengyuzhu to integrate high-precision motion capture systems with its robot control technology [2][3] - The company received additional investment from Shoucheng Holdings, amounting to several million RMB, to support its growth [2][3] - Strategic collaborations with companies like Liyade and Shengshi Technology aim to create a comprehensive ecosystem for robot development and market integration [2][3] Chasing Technology Developments - Chasing Technology has partnered with various firms, including Green Harmonics and Hesheng Technology, to enhance product quality and innovation in smart appliances [4][3] - The company is focusing on the development of intelligent cleaning appliances, with significant collaborations aimed at improving product performance and user experience [4][3] - Strategic agreements with companies like HeSai Technology will provide advanced components for Chasing's robotic lawn mowers, further enhancing its market competitiveness [4][3]