Core Viewpoint - The humanoid robot company UBTECH (09880.HK) has signed a procurement contract with Tianqi Co., Ltd. (002009.SH) for the purchase of industrial humanoid robots, marking a significant step in their collaboration and indicating a new phase of scale in their partnership [1] Group 1: Procurement Contracts - Tianqi Co., Ltd. will purchase UBTECH's Walker S series humanoid robots for a total price of 30 million yuan, with delivery expected by December 31, 2025 [1] - UBTECH has disclosed that it has received over 430 million yuan in new orders for humanoid robots this year, including a 50 million yuan order delivered in the first half of the year [1][2] - A notable contract worth 250 million yuan was secured with a well-known domestic company for the Walker S2 humanoid robot, considered the largest single contract for humanoid robots globally [2] Group 2: Strategic Partnerships - UBTECH has signed a global strategic cooperation agreement with Foxconn's subsidiary Cloud Intelligence Technology, aiming to advance the manufacturing and delivery of humanoid robots from 2025 to 2027 [3] - The company has engaged in extensive trials and collaborations with various manufacturers, particularly in the automotive sector, including major players like BYD and Geely [3] Group 3: Technological Advancements - UBTECH's humanoid robots are experiencing rapid improvements in operational capabilities, with upgrades to the Walker S series utilizing NVIDIA's high-performance chips and training platforms [4][5] - The company has shifted some production processes from CNC machining to mold manufacturing, enhancing production efficiency and reducing costs [6] Group 4: Market Outlook - UBTECH has raised its forecast for industrial robot orders from 300-500 units to over 500 units for 2025, with total orders expected to reach around 800 units [5] - The company anticipates that humanoid robot shipments will reach 2,000 to 3,000 units by 2026, driven by strong customer demand [5]