Investment Rating - The report maintains an "Outperform" rating for the machinery equipment industry [1]. Core Insights - The robotics index outperformed the market, with the Zhongzheng Science and Technology Innovation Robotics Index rising by 1.6%, surpassing the Shanghai Composite Index by 0.4 percentage points and the CSI 300 Index by 0.7 percentage points [5][12]. - The total market capitalization of the machinery equipment industry is approximately 368.19 billion, with a circulating market value of about 341.47 billion [3]. - The industry’s TTM price-to-earnings ratio stands at 31.4, significantly higher than the CSI 300's TTM P/E ratio of 12.5 [3]. Summary by Sections Market Review - The robotics index showed a positive trend, outperforming major indices during the week of June 2 to June 8, 2025 [5][12]. - Notable developments include the announcement of the resignation of Tesla's humanoid robot project leader, Milan Kovac, and the launch of the second-generation tactile sensor by Fulei New Materials [17][19]. Industry Dynamics - Fulei New Materials introduced a second-generation tactile sensor that features significant upgrades over the first generation, including full flexibility and the ability to sense complex surfaces [17][19]. - The Guangdong Province Artificial Intelligence and Robotics Industry Alliance was established to foster collaboration and innovation within the industry [19]. - Keli Sensor made a strategic investment in Yuan Sheng Xian Da Technology, focusing on multi-dimensional tactile sensing solutions [19][20]. Financing Dynamics - Lumos Robotics successfully completed an angel round of financing, with investments aimed at enhancing product development and industry collaboration [32].