SIASUN(300024) 上海高级金融学院·2025-01-06 16:26Summary of Conference Call on Robotics Industry Industry Overview - The conference focused on the robotics industry, particularly humanoid robots, highlighting significant changes and advancements expected in 2024 [1][4]. Key Insights and Arguments - AI Model Enhancement: The integration of large AI models is significantly improving the capabilities of robots, especially in environmental recognition and perception [1]. - Industry Expansion: The robotics sector is experiencing substantial growth, with an increase in participants beyond major players like Tesla, leading to more events and opportunities within the industry [2]. - Tesla's Progress: Tesla is accelerating its developments in robotics, with updates on their humanoid robot videos and functionalities, indicating a strong commitment to this sector [2][5]. - Government Support: Various cities, including Chongqing, Anhui, and Shanghai, are implementing supportive policies to promote the industrialization of humanoid robots, reflecting their importance in enhancing productivity [4]. - Cross-Industry Synergies: Companies in the automotive sector, such as BYD and GAC, are entering the humanoid robotics field due to the shared underlying technologies between automotive and robotics supply chains [5][8]. Additional Important Content - Investment Recommendations: The analysis suggests selecting stocks based on three dimensions: the automotive industry, customer base (focusing on companies like Tesla and Seres), and environmental factors [7][9]. - Core Stock Picks: Recommended companies include those with strong positions in the robotics supply chain, such as actuator manufacturers and precision processing firms, which are expected to benefit from the growth in the humanoid robotics market [11]. - Risks to Consider: Potential risks include declining automotive sales, trade currency risks, slower-than-expected development of new robotics technologies, and rising raw material costs [12]. Conclusion - The humanoid robotics industry is poised for significant growth, driven by technological advancements, government support, and cross-industry collaborations, with various investment opportunities emerging as the sector evolves [1][4][5].