Core Viewpoint - The humanoid robot industry is on the verge of significant growth, with the potential for the first A-share listing in this sector by Yushutech in September 2025, despite the current early-stage technology and limited commercial viability [5][6][30]. Group 1: Industry Overview - The humanoid robot sector is expected to become a major technological frontier, likened to smartphones and automobiles, with over 40 billion in financing attracted in the first half of 2025 [6][30]. - The industry is characterized by a significant gap between the current capabilities of humanoid robots and the expectations set by promotional materials, with many robots still requiring human control for basic functions [7][11]. - The commercial sales volume of humanoid robots in China is projected to be around 2,000 units in 2024, which is considered low compared to other manufacturing sectors [10][22]. Group 2: Market Dynamics - Companies in the humanoid robot space are currently leveraging a "bubble" to attract investment and media attention, which is essential for maintaining high valuations [10][23]. - The pricing structure in the industry is misleading, with "display prices" often much lower than the actual "purchase prices" that include necessary software and services [19][21]. - The competition for orders is intense, with companies resorting to various tactics to secure contracts, including inflating order numbers and leveraging relationships [27][28]. Group 3: Future Outlook - The industry is expected to see substantial growth, with projections of 50%-100% growth for each company in the first half of 2025, and potential annual output doubling in the coming years [30][31]. - However, the initial advantages held by startups may diminish as larger tech companies like Tencent and Alibaba enter the market, leveraging their resources and established supply chains [32]. - Companies must act quickly to secure orders and establish themselves as leaders in the market before the competitive landscape changes significantly [23][32].

商报讯（实习生 陈喆语 记者 吕文鹃）自宇树扭秧歌人形机器人在春晚荧幕亮相后，人形机器人"一夜 爆火"。 2025年被业内视为人形机器人的量产元年，机器人正从实验室和概念阶段迈向大规模商业化应 用。现今，商场、年会、学校……越来越多的场合下都能见到它们的身影，机器人购买甚至租借市场持 续加热，"日薪"万元的机器人正在走近日常生活。那么，机器人步入商业化后，谁买走了它们？它们又 被用在了哪里？ 人形机器人商业化浪潮来袭 众擎、宇树纷纷打响预售 日前，甲亢哥和人形机器人一同跳"斧头舞"的视频在网络平台爆火。视频中的机器人动作流畅、"舞 姿"自然，转圈、滑步等各种高难度的动作也不在话下，像真人一般的动作让不少网友感叹"颠覆了机器 人动作僵硬的刻板印象"，再次刷新了网友们对民用人形机器人的认知。这款机器人为全球首创自然步 态行走机器人众擎PM01，目前已在京东开启预约抢购，售价18.8万元。 众擎PM01这款在网上收获了不少"粉丝"的人形机器人来头不小，主打轻量级、高动态、全开放。凭借 高精度传感器和智能控制算法，实现了动态平衡和步态自适应调整，成为全球首例能够完成前空翻的人 形机器人。众擎PM01正在京东平台预约抢 ...