Huaxin Securities·2026-03-09 03:00Investment Rating - The report maintains a "Recommended" rating for the humanoid robot industry, indicating a positive outlook for the sector [2][6]. Core Insights - The humanoid robot industry is experiencing significant growth, with a projected 28% increase in industrial robot production by 2025, and over 300 humanoid robot models launched by Chinese companies, accounting for more than half of the global total [3][4]. - The Chinese government is actively supporting the development of the humanoid robot industry, emphasizing the importance of original innovation and key technology breakthroughs during the "Two Sessions" [4]. - Tesla's Cortex 2 supercomputer is set to enhance the training capabilities for its Optimus robot, indicating a strong commitment to advancing AI and robotics technology [3]. Summary by Sections Humanoid Robot Sector - The Huaxin humanoid robot index fell by 6.55% this week, but has a cumulative return of 99.6% since 2025 [18]. - The sector's trading volume accounted for 13.9% of the CSI 2000 index, indicating a relatively high level of market activity [18]. - Among the sub-sectors, the reducer segment performed relatively well, while other components like dexterous hands and screws saw declines [21]. Automotive Sector - The CITIC automotive index decreased by 2.6%, underperforming the broader market [34]. - The commercial vehicle index showed better performance compared to passenger vehicles and other segments [35]. - Key companies such as Changyuan Donggu and Feilong shares saw significant gains, while others like Daimai and Tianpu shares experienced notable declines [40]. Key Companies and Profit Forecasts - Recommended companies include: - Mould Technology (EPS forecast: 0.68 in 2024, PE: 18.88) [11] - Shuanglin Co. (EPS forecast: 1.24 in 2024, PE: 26.81) [11] - New Spring Co. (EPS forecast: 2.00 in 2024, PE: 39.76) [11] - The report highlights the importance of components such as joints, screws, and motors in the humanoid robot sector, recommending specific companies for investment [10].