Core Viewpoint - The recent popularity of Yush Robot's performance at the CCTV Spring Festival Gala has not translated into sustained demand for its rental business, which has seen a significant decline in orders since March [1][2] Market Conditions - The rental business for Yush Robots has cooled down, with only a few orders being placed despite several holidays in March and April [1][2] - The overall humanoid robot market is experiencing a downturn, attributed to supply-demand imbalances and the rapid rise and fall of consumer interest following initial hype [1][2] - The performance of Yush's G1 robot in a half-marathon was subpar, raising concerns about its reliability and affecting the brand's image [2][3] Industry Challenges - The humanoid robot market is facing several challenges, including: - Rapid market expansion leading to price drops and reduced consumer novelty [3] - An imbalance in cost structure, with service robots failing to maintain consumer interest and ROI declining [3] - Lagging AI capabilities, with current robots lacking advanced interactive features [3] Future Development - The humanoid robot market has significant potential, with expectations for advancements in intelligent robot technology over the next 2-5 years [4] - Yush Robot is recognized as a leader in the B2B market, with projected sales of 23,700 units of its robotic dog in 2024, capturing approximately 69.75% of the global market [5] - Despite efforts to penetrate the C-end market through e-commerce, Yush Robot's performance has been underwhelming [5] Long-term Outlook - Yush Robot is expected to face three major challenges in the long term: - Intense industry competition leading to market consolidation [6] - Talent retention issues due to high demand and competition for skilled personnel [6] - Difficulties in systematic organizational and brand development, which are common issues for many Chinese innovative companies [6]