SIASUN(SZ:300024)2025-11-12 02:18Summary of Key Points from the Conference Call Industry Overview - The focus is on the humanoid robot industry, specifically the development and commercialization of dexterous hands, which are crucial for performing diverse tasks in industrial, commercial, and household settings [1][2][4]. Core Insights and Arguments - Importance of Dexterous Hands: Dexterous hands significantly enhance the capabilities of humanoid robots, offering greater degrees of freedom and flexibility compared to traditional grippers, which typically have around 6 degrees of freedom [4][5]. - Cost Structure: For Tesla's Optimus, the dexterous hand accounts for approximately 17% of the total cost, with hollow cup motors and six-dimensional sensors being the primary cost components [1][6]. - Technological Advancements: The evolution of Tesla's Optimus series has seen the degrees of freedom increase from 11 to 22, with improvements in the drive system and the addition of tactile feedback systems for enhanced precision [1][8]. - Market Potential: The market for dexterous hands is projected to reach approximately 135.6 billion yuan by 2035, indicating significant growth opportunities as humanoid robots transition from demonstration to mass production [3][20]. Development Trends - Human-like Design: Future trends in dexterous hand design include increased gesture recognition capabilities and a shift towards more human-like structures, which will enhance their operational versatility [3][10][20]. - Investment Opportunities: The investment landscape is not limited to complete humanoid robot manufacturers but also includes suppliers of core components such as screws, reducers, motors, and sensors, which are expected to benefit from the industry's growth [3][21][22]. Additional Important Content - Sensor Technology: The dexterous hand's perception module, including six-dimensional force sensors and tactile sensors, is essential for improving operational accuracy and enabling complex tasks [3][15][16]. - Comparative Analysis: The dexterous hand's complexity and precision requirements are higher than traditional grippers, allowing for a broader range of applications, including the ability to handle small objects and perform intricate tasks [4][5]. - Market Dynamics: The transition from prototype to mass production is anticipated to occur in 2026, with 2025 being a year of small-scale production, emphasizing the need for product maturity [2][20]. This summary encapsulates the critical aspects of the humanoid robot industry and the specific advancements in dexterous hand technology, highlighting both the current state and future potential of the market.