Investment Rating - The report suggests focusing on new technology iterations and component ticket pricing, highlighting the competitive advantages of automotive manufacturers and 3C brand companies [4] Core Insights - The automotive manufacturers and 3C brands are gaining competitive advantages due to their control over demand scenarios and hardware supply chains. Companies like Huawei, ByteDance, and Xiaomi, which possess brain and hardware iteration capabilities, are identified as having the most coherent business logic [4] - The report emphasizes the importance of the "ticket pricing" in the supply chain, particularly focusing on Tesla, Zhiyuan, and Huawei's supply chains. It notes that Tesla's supply chain is the fastest to enter small batch production, with a focus on tactile sensors, harmonic reducers, cycloidal pin gears, high power density motors, PEEK, and powder metallurgy processes [4] - The report also highlights the need to pay attention to technological iterations, particularly in dexterous hands, motors, and PEEK materials [4] Financial Performance - The overall performance of the sector shows revenue and profit growth, with nearly 80% of companies achieving profitability. The revenue for Q3 2025 reached 154.98 billion, representing a year-over-year increase of 11.99%, while the net profit attributable to shareholders was 12.90 billion, up 26.23% year-over-year [10][18] - For the first three quarters of 2025, the total revenue was 444.15 billion, reflecting a 13.17% increase year-over-year, and the net profit attributable to shareholders was 35.14 billion, which is a 17.73% increase year-over-year [10][18] Company Performance - Specific companies within the sector have shown significant growth in revenue and net profit. For instance, Step Science reported a Q3 revenue of 1.98 billion, a 40.05% increase year-over-year, and a net profit of 0.18 billion, up 96.22% year-over-year [13] - Huichuan Technology achieved a Q3 revenue of 111.53 million, a 20.01% increase year-over-year, with a net profit of 12.86 million, reflecting a 4.04% increase [14] - Other notable performances include companies like LeiSai Intelligent and WeiChuang Electric, which also reported substantial year-over-year growth in both revenue and net profit [14]

Core Insights - The event held on August 10, 2025, focused on the theme "Tackling Core Technologies for Agile Embodied Intelligence," highlighting the transition of embodied intelligence from laboratories to real-world applications, emphasizing its significant market potential for innovation and transformation across various industries [3][4] - Key components of embodied intelligent robots, including high-precision sensors, bionic actuators, edge computing chips, and flexible materials, are crucial for enhancing overall performance and expanding application scenarios [3][4] - The event featured discussions on technological innovations in robot actuators and high-power density motors, providing insights into the current state and future trends of core components in the embodied intelligence robot sector [3][4] Event Highlights - The event was attended by over 300 participants from 29 universities and 99 companies, with an additional 1.35 million viewers online [5] - A total of 18 outstanding solutions in the field of core components for embodied intelligent robots were showcased, categorized into five major industry issues: multimodal technology breakthroughs, domestic core component production, algorithm and model upgrades, innovative application scenarios, and ecosystem and talent development [4][5] - Seven outstanding technological achievements were successfully signed for implementation during the event [4]