Core Insights - The event "Empowering New Energy, Driving the Future" held in Shanghai gathered over 100 global young scientists and more than 130 listed company entrepreneurs, highlighting the growing interest in embodied intelligence and its commercial applications [1][3]. Company Overview - Galaxy General Robotics, founded in May 2023, quickly secured seed funding and attracted top-tier investment institutions, positioning itself prominently in the field of embodied intelligence [3]. - The company focuses on developing embodied intelligence, which enables robots to understand and interact with the physical world, leveraging advancements in multimodal large models [3][4]. Technology and Innovation - The company emphasizes the importance of "end-to-end" technology routes in embodied intelligence, akin to the advancements seen in autonomous driving, but acknowledges the greater complexity and data requirements in this field [3][4]. - The current largest dataset for embodied intelligence is only at the level of millions of data points, significantly lower than the daily data volume in autonomous driving, which can reach up to 100 million segments [4]. - Galaxy General Robotics has developed a core technology based on synthetic large data pre-training for embodied large models, addressing the challenge of the "simulation-real" gap [5][7]. Product Development - The "GraspVLA" model, trained entirely on synthetic data (1 billion frames), demonstrates the capability to perform precise actions in real-world environments based solely on language instructions [7][9]. - The company has created a retail end-to-end model, "GroceryVLA," which can effectively navigate complex real-world shelf environments, showcasing its strong interference resistance [10][12]. Market Applications - Galaxy General Robotics has successfully implemented its humanoid robot solutions in various sectors, including retail and industrial applications, with plans for rapid deployment in major cities [14][15]. - The company has received orders from 100 pharmacies and operates in beverage and coffee shops, achieving a low failure rate in daily operations [15]. Future Outlook - The company is integrating its capabilities into a unified base model to accelerate deployment across diverse scenarios, indicating a significant transformation in retail, manufacturing, and service industries driven by embodied intelligence [15][16].

Core Viewpoint - The investment by Shicheng Holdings in Galaxy General Robotics marks a significant milestone in the field of embodied intelligence, reflecting a strong endorsement of the latter's technological depth and product maturity [1][2]. Group 1: Investment Details - Shicheng Holdings completed a new round of investment in Galaxy General Robotics, attracting top-tier capital including CATL and GGV Capital, creating an unprecedented investment lineup in the industry [1]. - The investment amount of 1.1 billion yuan sets a new record for a single financing round in the industry [1]. - This investment follows Shicheng's previous investment in September of the previous year, indicating a deep trust in Galaxy General's capabilities [1][2]. Group 2: Strategic Implications - Shicheng Holdings' investment strategy emphasizes a "capital + scenario + industry chain" model, aiming to upgrade hard technology investment logic into an ecosystem-level value co-creation [1][2]. - The investment highlights Shicheng's preference for high-barrier technology companies, as Galaxy General has accumulated significant scene data and action data within just two years of establishment [2]. - Galaxy General's latest models, such as TrackVLA and GraspVLA, demonstrate breakthroughs in visual perception and interaction, aligning well with Shicheng's "scenario-driven" investment logic [2]. Group 3: Ecosystem Development - Shicheng Holdings has established a complete chain in the embodied intelligence field, covering components, manufacturing, and application scenarios, thereby creating a closed-loop ecosystem [2]. - The collaboration between Shicheng and Galaxy General allows for real-world application testing, accelerating technology maturity and creating revenue channels for invested companies [3]. - Shicheng's extensive scene resources will serve as a testing ground for Galaxy General's technology iterations, enhancing the overall value capture within the industry chain [3]. Group 4: Market Outlook - The Chinese robotics market is projected to grow at an annual rate of 23%, potentially doubling in size within four years and capturing over 40% of the global market share [4]. - The humanoid robot sector is expected to experience even more rapid growth, with projections indicating a market size of $3.4 billion by 2030, reflecting a compound annual growth rate of 63% [4]. - The combination of technological breakthroughs and cost reductions is expected to further accelerate industry growth, positioning companies like Galaxy General as prime candidates for investment [5]. Group 5: Future Prospects - Shicheng Holdings is transitioning from a traditional infrastructure operator to a technology ecosystem builder, integrating investment, scenario implementation, and operational services [5]. - The company's valuation logic is shifting towards that of a platform technology enterprise, with a significantly lower price-to-earnings ratio compared to related concept stocks [5]. - As invested companies enter their production cycles, the hidden asset value of Shicheng Holdings is anticipated to be gradually released [5]. Conclusion - The investment in Galaxy General Robotics represents a strategic move in the competition for industry discourse power, emphasizing the importance of ecosystem integration capabilities in the field of embodied intelligence [6]. - Shicheng's model of "investment empowering scenarios, scenarios feeding back technology" addresses core pain points in the commercialization of robotics while building a defensible competitive moat [6].