Core Viewpoint - The humanoid robot rental market is experiencing a downturn despite initial excitement and high demand following a successful performance at the Spring Festival. Orders have significantly decreased, raising concerns among stakeholders about the market's sustainability [3][6][11]. Market Dynamics - In March, the actual number of confirmed orders for humanoid robots was reported to be fewer than four, indicating a sharp decline in demand [3]. - The rental price for humanoid robots has decreased from a peak of 20,000 yuan per day during the May Day holiday to approximately 9,800 yuan per day in mid-May, reflecting a shift in market conditions [8][6]. - Despite the rental market's challenges, the sales market for humanoid robots remains robust, with several companies reporting increased sales and high demand for their products [13][16]. Company Performance - Companies like Leju and Songyan have reported significant increases in order volumes, with Leju delivering 250 units in Q1, surpassing its half-year target [16][17]. - Songyan's customer inquiries have tripled, indicating a strong interest in their humanoid robots, with delivery times extending to November due to high demand [17]. - Utree Technology, a key player in the humanoid robot market, is also experiencing a surge in orders and is facing challenges in hiring due to rapid growth [17][18]. Future Outlook - Industry experts believe that the humanoid robot market is still in its early stages, with potential for growth as applications expand beyond major cities to smaller markets [11][18]. - The development of advanced features, such as dexterous hands, is anticipated to significantly impact the market, with projections of a multi-billion yuan market opportunity [18].