SIASUN(SZ:300024)2025-07-15 01:58Summary of Conference Call on Domestic Robotics Industry Industry Overview - The domestic robotics industry, particularly humanoid robots, is experiencing significant attention and investment, especially in vertical applications such as elderly care, cleaning, and companionship, indicating a rapid commercialization of humanoid robots in China [1][3] - China's manufacturing capabilities in general manufacturing, high-end equipment, and new energy technologies provide strong support for cost reduction and implementation of humanoid robots [4] - The humanoid robot sector is entering a practical application phase, as evidenced by the recent contract awarded to Zhiyuan Robotics and Yushu Robotics by China Mobile, with a total package amount of 124 million yuan [5] Key Insights and Arguments - The first half of 2023 saw a doubling of financing for humanoid robots compared to May, with a focus on projects that can establish a commercial closed loop [3] - The rise in A-share risk appetite is attributed to improved national governance, recognition of new economic drivers, and better performance in the real economy, which has positively impacted AI-related sectors, including humanoid robots [7] - Despite concerns over delays due to tariff impacts and factory inspections, the industry is transitioning from hardware to software adjustments and practical applications, marking a new phase of development [8] Important Events and Catalysts - Key upcoming events that may drive the humanoid robot sector include Tesla's shareholder meeting on July 24, where Elon Musk is expected to discuss robot development prospects, and the World Artificial Intelligence Conference in Shanghai on July 26, which will showcase humanoid robots as a significant application of AI [9] - The market's acceptance and support for humanoid robots are strong, with expectations that human-robot interaction technologies will gradually meet service requirements [6] Investment Recommendations - Investors are advised to focus on companies within the domestic humanoid robot supply chain, such as Zhiyuan and Yushu, as well as the unmanned forklift sector, which has a stable business foundation and potential for commercial closure [2][10] - The unmanned forklift market is expected to thrive, with companies like Anhui Heli and Hangcha Group making significant investments, and it is projected to benefit from economic growth and advancements in embodied intelligence technology [10]