Investment Rating - The report maintains a "Recommended" investment rating for the humanoid robot industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [7][29]. Core Insights - The humanoid robot industry is currently transitioning from design convergence to commercial validation, with a focus on applications that enhance efficiency in existing tasks and those that are unsuitable for human completion. Short-term focus is on the former, while the latter is seen as a mid-term necessity [5]. - The humanoid robot concept index experienced a decline of 2.21% from May 25 to May 30, 2025, but has increased by 31.07% year-to-date, outperforming the CSI 300 index by 30.56% [12][18]. - Significant advancements in product technology include the launch of the Zhenyuan Expedition A2, which is the first humanoid robot to receive certifications from China, the EU, and the US [21][22]. Weekly Market Review - From May 25 to May 30, 2025, the humanoid robot concept index fell by 2.21%, underperforming the CSI 300 index by 1.12 percentage points. Year-to-date, the humanoid robot index has risen by 31.07%, outperforming the CSI 300 index by 30.56% [12][18]. - Among A-share humanoid robot stocks, Digital Zhengtong had the highest weekly increase at +18.05%, while Lingyun Light experienced the largest decline at -12.96% [18][19]. Weekly Hotspots Review Policy Developments - The Beijing Humanoid Robot Innovation Center is soliciting opinions on the "Integrated Joint Interface Requirements for Electric Drive Humanoid Robots" standard, which aims to standardize technical requirements for humanoid robot interfaces [21]. - Shanghai's Pudong New Area has introduced 16 support policies for the embodied intelligence industry, with project support reaching up to 20 million yuan [21]. - Guangdong Province has initiated the "Robot+" action to promote AI model research and application [21]. Product Technology Iteration - The Zhenyuan Expedition A2 humanoid robot has become the first globally to receive certifications from China, the EU, and the US [22]. - The National and Local Joint Innovation Center for Humanoid Robots aims to achieve an operational accuracy of 90% for its embodied intelligence model by the end of the year [23]. - The release of the Zerith-H1 humanoid robot by Zero Degree, designed for family service scenarios, marks a significant product development [24]. Investment and Financing Dynamics - Runyang Technology plans to invest up to 300 million yuan in Fourier Intelligent Technology [4]. - Sichuan Embodied Humanoid Robot Technology Co., Ltd. has completed several million yuan in angel round financing, with a valuation of several hundred million yuan [4]. - Horizon Robotics' Diguo Robot has secured 100 million USD in Series A financing [4]. Key Company Announcements - Huguang Co. has successfully launched the first sample line for its humanoid robot project [4]. - Oke Yi's core components for humanoid robot transmission systems have entered the small batch supply stage [4]. - Zhongding Co. has developed 33 rubber core components for the Mocha robot, including 22 for humanoid robots [4].