Core Viewpoint - The company Fulei New Materials (605488.SH) has launched its third-generation electronic skin products, enhancing tactile sensing capabilities for humanoid robots, indicating a significant advancement in the field of robotics and tactile technology [1][2]. Group 1: Product Development - The third-generation electronic skin improves upon the second generation by transitioning from raw data collection to physical world perception, positioning itself as a tactile intelligence core rather than a mere data transporter [2]. - The second-generation product added tangential force perception to the vertical force sensing of the first generation, allowing for multi-dimensional sensing in robotic hands, which addresses limitations in handling flexible objects [1][2]. - The new product integrates sensor chips and software stacks into a dedicated processing unit, enhancing the efficiency of tactile feedback and motion frequency perception in robots [1]. Group 2: Market Position and Partnerships - Fulei's tactile technology is already applied in global robotic hands and bodies, with a network of partners covering nearly all major companies in the dexterous hand and robot body sectors, and multiple hundred-unit orders have been delivered [2]. - The company has entered the U.S. market and has several domestic and international clients, many of whom have expressed clear demands for mass production and orders [2]. Group 3: Industry Trends and Challenges - The competition in dexterous hands has shifted from a focus on degrees of freedom to tactile perception capabilities, reflecting the evolving demands of the industry [2]. - Concerns about potential market saturation and the risk of high redundancy in humanoid robot products were raised by a government official, but the company emphasized that its rapid product iterations are driven by collaboration with downstream clients [2][4]. - The company acknowledges that every client is in a phase of technological divergence, with varying structural designs and performance requirements, indicating a dynamic and competitive landscape [4]. Group 4: Industry Perspective - The company addressed concerns regarding potential bubbles in the humanoid robot market, comparing the current stage of embodied intelligence to the early days of smartphones, suggesting that technological development should continue despite such concerns [5].