Core Insights - The embodied intelligence sector is currently experiencing significant interest, driven primarily by advancements in AI technology [1] - The growth trajectory of the robotics and embodied intelligence industry is expected to steepen, with potential breakthroughs in large-scale applications of AI models and robotic technologies [1] - Future interest in embodied intelligence could surpass that of the mobile internet, with projections suggesting a potential increase in heat by at least 100 to 1000 times compared to the current phase [1] Industry Summary - The robotics and embodied intelligence industry is in a developmental phase, often described as a "climbing" or "platform" stage [1] - The current excitement surrounding the industry is not at its peak, indicating that further advancements and applications are anticipated in the coming years [1]

Summary of Conference Call Notes Company and Industry Involved - **Company**: 山东威达 (Shandong Weida) - **Industry**: Robotics and Advanced Manufacturing Core Points and Arguments - **Strategic Investment in Robotics**: 山东威达 has made a strategic investment in 知行机器人 (Zhixing Robotics), reinforcing its commitment to its robotics strategy [1] - **Focus Areas of Zhixing Robotics**: Zhixing Robotics specializes in the development and production of robotic dexterous hands, electric grippers, rotary and linear actuators, and components related to embodied intelligent robots. The company has established mature solutions in aerospace and human-machine collaboration [1][2] - **Complementary Advantages**: The partnership leverages 山东威达's strengths in precision manufacturing, large-scale production, and market channels, which is expected to enhance the production efficiency and quality stability of Zhixing Robotics' core products [2] - **Globalization and High-End Manufacturing**: The collaboration aims to deepen the global layout and high-end manufacturing capabilities of Zhixing Robotics, utilizing 山东威达's customer resources and application experience in automation scenarios to broaden product application areas, particularly in aerospace and other high-end manufacturing sectors [2] Other Important but Potentially Overlooked Content - **Mature Solutions in Key Sectors**: The established solutions in aerospace and human-machine collaboration indicate a strong market presence and potential for future growth in these sectors [1][2]

Group 1 - The humanoid robot industry is experiencing accelerated commercialization, with significant product launches and financing activities indicating a shift towards mass production and market readiness [1] - Recent product announcements include the full-size humanoid robot Bolt by Jingzhi Technology, which has a peak speed of 10m/s, and the launch of three series of EAI robots by Faraday Future [1] - The global humanoid robot market is expected to enter a mass production phase in 2025, driven by Tesla's Optimus V3 and increased investment activity in the industry [1] Group 2 - As of January 30, 2026, the top ten weighted stocks in the China Securities Robot Index account for 54.66% of the index, including companies like iFlytek and Huichuan Technology [2] - The Robot ETF by Harvest (159526) closely tracks the China Securities Robot Index, focusing on companies involved in system solutions, digital workshops, automation equipment manufacturing, and other related sectors [2] - Investors without stock accounts can access the robot industry development opportunities through the Robot ETF Harvest Connect Fund (024620) [3]

Group 1 - The core viewpoint is that the robotics industry, particularly embodied intelligence, is primarily driven by AI, with potential for significant growth in the coming years, possibly exceeding the hype of mobile internet by 100 to 1000 times [1] - The year 2026 is identified as a critical milestone for humanoid robots, with expectations for mass production and supply chain developments, leading to a substantial increase in output from thousands to tens of thousands of units [1] - Major companies are expected to converge in terms of supply chain and technology, indicating a global "arms race" in robotics, with advancements in electric drive technologies and new materials [1] Group 2 - As of February 13, 2026, the Guozheng Robotics Industry Index (980022) has risen by 0.52%, with notable increases in stocks such as Dingzhi Technology and Kelaimechatronics [2] - The top ten weighted stocks in the Guozheng Robotics Industry Index account for 39.43% of the index, highlighting key players in the robotics sector [2] - The Penghua Robotics ETF (159278) closely tracks the Guozheng Robotics Industry Index, reflecting the price changes of related listed companies [2]

Market Overview - The A-share market saw a strong rally in the artificial intelligence and robotics sectors on February 12, with both thematic ETFs rising significantly. The Huaxia AI ETF (589010) reported a notable increase of 4.13%, closing at 1.639 yuan after a strong afternoon surge. Among the 30 constituent stocks, 24 experienced gains, with Yike Technology hitting a 20% limit up, and other key stocks like Jingchen and Chipone rising over 15% and 12% respectively. Only Sikan Technology saw a decline of over 6%, which did not significantly impact the overall strong market performance [1][2]. Liquidity and Trading Activity - The trading volume reached 1.11 billion yuan with a turnover rate of 4.20%, indicating a healthy trading rhythm and high activity levels. The Robotics ETF (562500) also showed resilience, closing at 1.082 yuan with a 1.41% increase from the opening price. Out of 66 constituent stocks, 50 saw gains, with stocks like Bojie and East China CNC hitting the limit up. The overall sentiment in the sector remained strong, with no significant downward pressure from any stocks. The liquidity was robust, with a trading volume of 10.31 billion yuan and a turnover rate of 3.93%, reflecting steady market support for continued upward movement [2]. Key Developments - The U.S. CPI release led to heightened fears in the AI sector, with the Nasdaq dropping over 2% and the Russell 3000 trucking index falling by 9%. Commercial real estate stocks also faced significant declines, while U.S. Treasury yields rose and gold prices fell below $5000, with silver dropping by 11% [3]. - Jiemeng AI has integrated the latest video generation model Seedance 2.0 and the image generation model Seedream 5.0 Lite. Additionally, Shenzhen Xuan Chuang Robot Co., Ltd. announced the completion of a Pre-A+ financing round, raising funds primarily for the development of specialized robotics technology [4]. Institutional Insights - Huatai Securities reported that ByteDance launched Seedance 2.0 on February 7, marking a significant shift from low-certainty "blind box generation" to a more controllable and reusable creative process. The firm believes that Seedance 2.0 will support the large-scale implementation of AI in areas such as AI comic dramas and short films, as well as the development of AI movies. The maturation of AI video industrial capabilities is expected to alter the value distribution structure within the content industry, benefiting upstream IP holders and midstream production companies that effectively leverage AI tools for content creation [5]. Popular ETFs - The Robotics ETF (562500) is noted as the only fund in the market with a scale exceeding 20 billion yuan, offering the best liquidity and comprehensive coverage of the Chinese robotics industry. The Huaxia AI ETF (589010) is described as the "brain" of robotics, with a 20% fluctuation limit and the potential to capture significant moments in the AI industry [6].

Group 1 - The humanoid robot concept stocks experienced a short-term surge, with notable increases in share prices for companies such as Baida Precision Engineering and Fengyuzhu, both reaching the daily limit up, while Huafeng Technology rose over 10% [1] - Other companies in the sector, including Guotou Intelligent, Hailanxin, Yintang Intelligent Control, and several others, saw their stock prices increase by more than 5% [1] - The founder and CEO of Yushu Technology, Wang Xingxing, stated that the driving force behind the robotics and embodied intelligence industry is primarily AI, suggesting that if significant breakthroughs occur in the next few years, the industry's heat could increase by at least 100 to 1000 times, surpassing the mobile internet boom [2] Group 2 - Specific stock price changes include Huafeng Technology at +10.68%, Baida Precision Engineering at +10.00%, and Fengyuzhu at +9.98%, among others [2] - The overall sentiment in the robotics industry is that it is currently in a growth phase, with expectations for future applications of embodied intelligent AI models and robotic technologies [2] - The current stage is viewed as a platform period, indicating that the industry is not yet at its peak heat [2]

Summary of Conference Call Records Industry: Robotics and Automation Key Points 1. **Robo.ai Subsidiary Secures First Order** Robo.ai, a subsidiary of the company, has received its first order for embodied intelligent robot data collection [1] 2. **Xiaomi Robotics Open Source VLA Model** The company has launched the open-source VLA model, named Xiaomi-Robotics-0, aimed at enhancing robotics capabilities [1][2] 3. **Introduction of New Robot on High-Speed Trains** A new robot, referred to as "conductor," has been introduced on high-speed trains in Zhejiang province, indicating advancements in service automation [1][2] 4. **FORCE Robot Delivery Milestone** The FORCE robot has achieved a significant milestone with a total of 300 units delivered, showcasing the growth in the robotics market [2] 5. **XuanChuang Robotics Completes Pre-A+ Financing** XuanChuang Robotics has successfully completed a Pre-A+ round of financing, reflecting investor confidence in the robotics sector [2] 6. **Apptronik Secures $520 Million in Funding** Apptronik, a humanoid robotics company, has raised $520 million, highlighting the increasing investment in humanoid robotics technology [3] 7. **Flying Dragon Co. Increases Capital for Overseas Subsidiary** Flying Dragon Co. announced an increase in registered capital for its overseas subsidiary, indicating strategic expansion efforts [3] 8. **DaoTong Technology Projects Significant Profit Growth** DaoTong Technology expects its annual report to show a net profit between 900 million to 935 million yuan, representing a growth rate of 40.42% to 45.89% [3] 9. **Huayang Intelligent Shareholding Changes** Huayang Intelligent reported that the Fuxing Weiying Equity Investment Fund has reduced its holdings by 540,000 shares, accounting for 2.29% of the circulating share capital [3] 10. **UBTECH Launches Full-Size Humanoid Robot** UBTECH has introduced a full-size research humanoid robot named "TianGongXingZhe DEX," contributing to the advancements in humanoid robotics [3]

Group 1 - Guangzhou Penghang Intelligent Technology Co., Ltd. has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is Chen Zhiyuan [1] - The business scope includes manufacturing industrial robots, research and development of intelligent robots, and sales of both industrial and intelligent robots [1] Group 2 - Guangzhou Xiaopeng Automobile Technology Co., Ltd. holds 100% ownership of Guangzhou Penghang Intelligent Technology Co., Ltd. [1]

2月12日，天河科技园2112工园产业区块AT0305240-2地块、天河车陂北路以东AT0607029地块等2宗工 业用地成功出让，分别由广东立讯粤科机器人有限公司、广州高新技术产业集团有限公司摘牌，总价合 计2.26亿元。本次成交的2宗工业用地产业导向均为智能制造产业，拟落地建设行业领先的智能机器人 项目。 2112工园产业区块AT0305240-2地块为天河区首个区级现代都市工业园——2112工园出让的第五宗工业 用地，位于天河区高普路以东，广汕路以南，总用地面积约15亩（1公顷），计容建筑面积≥20069.22平 方米且≤40138.44平方米，用地性质为一类工业用地（M1）。 该项目为天河区重点招商项目，拟投资2.8亿元打造立讯科技·大湾区中心，规划机器人产品以及智能制 造研发创新中心、智能体验服务中心、生产交付维护中心、产业链配套生产中心四部分，将充分发挥大 湾区展示功能，并依托企业在分拣机器人行业的领先优势，建设分拣机器人产业研究院及产业链配套的 研发组装基地，预计达产年工业产值不低于10亿元。据了解，该项目投资主体为智能分拣机器人全球领 先者，集物流自动化、智能化设备的研发、生产、销售为一体。 ...

据央视财经， 目前，具身智能赛道有多火？对此，宇树科技创始人、CEO王兴兴表示，"目前机器人产业或具身智能产业，背后最大的驱动因素或不 确定因素，基本都是由AI主导，但增长曲线可能越来越陡峭。 如果未来几年，有真正大规模应用的具身智能AI模型和机器人技术突破，那时候热度 可能会比现在至少高100倍，甚至1000倍。 而这个热度，我觉得会远超移动互联网。所以，我觉得当下阶段绝对不是最热，目前可能还是处于爬坡或 爬坡阶段的平台期。" ...