Core Insights - The humanoid robot index has rebounded as negative market sentiment has been digested, with a positive outlook for the sector driven by Tesla's production plans and overall market liquidity [1][2] Group 1: Tesla's Developments - Tesla's Q3 earnings call revealed a delay in the launch of the Optimus V3 production line to the end of 2026, but the company remains optimistic about mass production targets, aiming for a capacity of one million units by the end of 2026 [1][2] - Elon Musk stated that Tesla is at a critical turning point with Optimus, which has the potential to become "the greatest product ever," with future generations (Optimus 4 and 5) expected to reach production scales of ten million and fifty million to one hundred million units, respectively [2] Group 2: Market Trends and Investment Outlook - The report maintains a bullish view on the humanoid robot sector, citing the establishment of mid-term industry trends and the positive verification progress from Tier 1 suppliers in the supply chain [1] - The overall market liquidity is favorable for growth sectors, suggesting a return to technology growth configurations as industrialization accelerates [1] Group 3: Competitor Developments - Xpeng's fifth-generation humanoid robot is set to debut on October 24, 2025, featuring a straight-leg walking mechanism that enhances natural gait and doubles the endurance compared to traditional designs [2] - Yushun Technology launched its new generation bionic humanoid robot H2 on October 20, 2025, equipped with 27 high-degree-of-freedom joints and self-developed M107 joint motors [2] Group 4: Fund Performance - The Yongying Advanced Manufacturing Intelligent Selection A Fund, which heavily invests in humanoid robot industry chain stocks, reported a net value of 2.31, with a weekly increase of 5.64%, a monthly decrease of 11.08%, and a three-month increase of 18.11% [1]

10月28日，A股市场震荡回调，盘中沪指一度涨超4000点，午后震荡走弱，收于3988点。机器人ETF基金（159213）收跌0.32%，资金连续4日 涌入机器人板块，机器人ETF基金（159213）合计净"吸金"超1100万元。 当前机器人产业链目前尚处于发展早期阶段，是继智能手机和智能汽车之后高可见度的关键消费终端赛道。随着机器人从概念走入量产落地， 产业链有望在未来几年迎来黄金发展和配置机遇期。 【产业趋势逐步验证下，维持机器人板块看多观点】 中信建投表示，当前基于产业趋势的逐步验证下，维持看多观点：1）中期产业趋势的进一步确立，尤其特斯拉Optimus三代样机发布及量产节 奏，产业链Tier1持续验证进度相对积极，预计后续审厂等事件也将有序推进。特斯拉三代样机有望在明年Q1发布，年底启动百万台级别产 机器人ETF基金（159213）标的指数成分股涨跌不一，燕麦科技涨超10%，科大讯飞涨超1%，石头科技、大族激光微涨，汇川技术、大华股 份、机器人等跌超1%，双环传动、中控技术等回调。 | 序号 | 什CRE | 名标 | 估算权重 | 涨跌幅 | | --- | --- | --- | --- | -- ...