Core Viewpoint - Hangzhou is transforming from a commercial city into a global hub for robotics innovation, leveraging its robust industrial ecosystem and technological advancements [1][3]. Group 1: Industry Ecosystem - Hangzhou's robotics industry ecosystem features over 200 related enterprises, creating a competitive industrial cluster across various segments such as "brain," "small brain," and "body" [4]. - The city has established a comprehensive ecosystem for embodied intelligence robotics, with key players in upstream components, midstream manufacturing, and downstream system integration [4][6]. - Notable companies include Yushutech, which leads in global humanoid robot shipments, and Yundongchu, which is set to deploy the first industry-level quadruped robot in Singapore's power grid [6][7]. Group 2: Innovation and Application - The robotics ecosystem in Hangzhou emphasizes a closed-loop model of "application - feedback - iteration," supported by strong innovation and talent bases [13]. - The city hosts 39 innovation research institutions related to robotics, including 4 national-level and 26 provincial-level centers, contributing to the development of national standards in the field [13][15]. - Hangzhou is constructing application pilot bases to integrate testing, standardization, and production, enhancing the practical application of robotics across various sectors [15]. Group 3: Policy Support - The Hangzhou government has implemented several supportive policies, including the "Hangzhou Robot Industry Development Action Plan," aiming for a robotics industry scale exceeding 50 billion yuan by 2025 [9][10]. - New regulations, such as the "Hangzhou Regulations on Promoting the Development of Embodied Intelligent Robotics Industry," provide a legal framework for industry growth [9][12]. - Financial incentives and tax benefits are part of the government's strategy to foster innovation and attract talent, creating a conducive environment for robotics development [12][10]. Group 4: Market Potential - The embodied intelligence industry in China is in its early stages, with market size projected to reach 400 billion yuan by 2030 and exceed 1 trillion yuan by 2035 [7]. - Hangzhou's complete industrial ecosystem positions it at the forefront of this growth wave, making it a key player in the global robotics market [7].

Core Viewpoint - The article emphasizes that lightweight design and low power consumption are critical for enhancing the battery life of humanoid robots, as demonstrated in the recent humanoid robot half marathon where battery endurance was a central challenge [2][3][9]. Group 1: Event Overview - The first humanoid robot half marathon took place, highlighting the challenge of battery endurance, with only one robot completing the race without a battery change [2]. - The "Walker II" robot from Shanghai Zhuoyide achieved third place, showcasing a single charge endurance of 6 hours, sufficient for over 30 kilometers [2][3]. Group 2: Technological Insights - The success of "Walker II" was attributed to innovative structural design and control strategies that achieved significant weight reduction and energy efficiency, weighing only 28 kg compared to competitors [3]. - The champion robot, "Tiangong Ultra," faced limitations with a runtime of 2 hours and 40 minutes, requiring a battery change during the race, illustrating the current challenges in battery technology [4]. Group 3: Battery Technology Developments - Battery manufacturers are exploring various technological upgrades, including higher energy density materials to enhance the capacity of cylindrical cells, with examples like the 21700-5.0AH battery achieving over 270Wh/kg [6]. - Solid-state battery technology is being pursued, with companies like GAC Group planning to launch humanoid robots with solid-state batteries that promise 6 hours of runtime and an 80% reduction in energy consumption [7]. Group 4: Industry Collaboration and Future Outlook - The article suggests that improving overall endurance requires close collaboration between battery manufacturers and robot makers, with market expectations for humanoid robots to achieve 8 to 10 hours of runtime for basic applications [9]. - The marathon highlighted the technological shortcomings related to battery endurance, potentially accelerating innovation in structural design, material selection, and algorithm optimization within the industry [9].

摘要 轻量化、低功耗是关键。 上周末，全球首场人形机器人半程马拉松赛举行，这场约 21 公里的赛事将行业的目光聚焦于一个 核心挑战：电池续航能力。 机器人要么需要极长的单次充电续航，要么必须依赖中途更换电池。事实证明，在 20 支参赛队伍 中，仅有一款机器人能够在不更换电池的情况下，依靠双腿自主行走完成全程。 实现这一突破的是由上海卓益得机器人有限公司（技术核心源自上海理工大学）研发的 "行者二 号"机器人， 该机器人最终获得比赛季军， 其官方数据显示单次充电续航时间可达 6 小时，足以支持行走超过 30 公里。 值得注意的是， "行者二号"的成功并非依赖于电池能量密度的突破。 其研发团队透露， 关键在于通过创新的结构设计和控制策略，实现显著的轻量化和能效提升。该 机器人身高 1.70 米，整机重量仅为 28 公斤。 作为对比，获得冠军的 "天工 Ultra "身高 1.8 米，体重达 55 公斤；亚军"小顽童 N2 "身高 1.2 米，体重 30 公斤。 卓益得的技术路径显示，突破续航瓶颈不仅依赖于电池技术的进步，更需要机器人本体设计的系统 性优化。 该公司同时还采用了 创新的绳驱动技术 ，允许多个电机根据 ...

Investment Rating - The industry investment rating is "stronger than the market," indicating that the industry index is expected to perform better than the benchmark index in the next 6-12 months [17]. Core Viewpoints - The report highlights that the specific company, Softcom Power, is a leading IT service provider in China and has initiated a "soft and hard integration" strategy following its acquisition of Tongfang Computer. This positions the company to benefit from the accelerated development of HarmonyOS, the implementation of domestic innovation policies, and advancements in humanoid robot training [5][6]. - The launch of HarmonyOS NEXT in August 2023, which no longer supports Android applications, marks a significant milestone for the company. The demand for PC products equipped with HarmonyOS is expected to rise, particularly in light of U.S. sanctions and domestic innovation policies [6]. - Softcom Power is strategically positioned in the humanoid robotics sector, having established a joint venture with Zhiyuan Robotics and launched its first robot, Tianhe C1, in January 2025. The company is leveraging NVIDIA's advancements in synthetic motion generation to enhance its training capabilities [7]. - The company is also focusing on the internet sector and is expected to benefit from the growth of AI, as it collaborates with major internet firms like Alibaba, Tencent, and ByteDance on AI-related products and applications [8]. Summary by Sections Company Overview - Softcom Power is recognized as a leading digital information technology service provider in China, with long-term partnerships with major companies such as Huawei, Alibaba, and Tencent. The acquisition of Tongfang Computer is expected to create a new growth segment in hardware [5]. Market Trends - The report notes that the release of HarmonyOS NEXT and the subsequent increase in market share for HarmonyOS devices are critical developments. The company is a key partner in this ecosystem, contributing to the development of PC and server products that align with domestic innovation policies [6]. Humanoid Robotics - The humanoid robotics sector is highlighted as a significant growth area, with Softcom Power actively participating in this field through collaborations and product launches. The advancements in AI and robotics technology are expected to drive growth in this segment [7]. Internet and AI Collaboration - The company's strategic partnerships with leading internet firms position it well to capitalize on the growing demand for AI solutions. The collaboration with ByteDance, in particular, is expected to yield significant benefits as the latter expands its AI initiatives [8].