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% [30]. Core Insights - The humanoid robot concept index increased by 4.51% from October 19 to October 24, 2025, outperforming the CSI 300 index by 1.27 percentage points. Year-to-date, the humanoid robot index has risen by 72.91%, surpassing the CSI 300 index by 50.91 percentage points [2][12]. - Significant developments include the unveiling of a humanoid robot pilot base in Hangzhou and the announcement of continued efforts to strengthen AI top-level design by the Ministry of Science and Technology [3][21]. - Tesla's production plans for the Optimus humanoid robot have been postponed to the end of 2026, with a new roadmap indicating the release of the third-generation model in early 2026 [5][23]. Weekly Market Review - The humanoid robot index saw a weekly increase of 4.51%, with notable stock performances including a 29.09% rise for Dayang Electric and a 13.39% decline for Henghui Security [2][18]. - The report highlights the strong performance of the humanoid robot sector compared to the broader market, with specific stocks showing significant volatility [12][18]. Weekly Hotspots Policy Developments - The Hangzhou humanoid robot pilot base was inaugurated, marking a significant step in the collaboration between government and enterprises in the humanoid robot industry [21]. - The Ministry of Science and Technology emphasized the importance of AI development and integration into various sectors [21][22]. Product and Technology Iteration - The Ningbo Embodied Intelligent Robot Innovation Center has been launched, focusing on data collection and application in industrial manufacturing [22]. - JD Logistics plans to purchase 3 million robots, 1 million unmanned vehicles, and 100,000 drones over the next five years to enhance its logistics capabilities [23]. Investment and Financing - Leju Robotics announced the completion of nearly 1.5 billion yuan in Pre-IPO financing, aimed at advancing core technology and expanding application scenarios [4][25]. - Key companies such as Yingluohua and Shenghong Technology are actively developing products for the humanoid robot sector, with some products already in production [4][26][27]. Key Company Announcements - Yingluohua has begun small-scale trials of its magnetic materials for humanoid robot motors [26]. - Shenghong Technology's PCB products for humanoid robots have entered the production phase, indicating strong market interest [26]. - Macro Technology has established partnerships with several humanoid robot companies, enhancing its market position [27].