China International Capital Corporation research newspaper believes that mobile phone factories and automobile factories have entered the humanoid racetrack one after another, which confirms that the humanoid racetrack has sufficient commercial value and development potential, but at present, the prototypes released by major factories are still in the technological iterative stage, and lack of mature application scenarios, and the industry development stage is still relatively early. In the long run, humanoid robot track has both opportunities and challenges. The landing application of bionic robots (including humanoid robots) will take time, but the technology and pattern of the relevant upstream core components are expected to be reshaped by industry opportunities. From the perspective of the industrial chain, chips, motors, reducers, sensors, vision and so on are the primary breakthroughs. At the same time, market sentiment is fermenting for a period of time, and some corporate valuations that lack fundamental support are facing a correction risk. It is suggested that we should pay attention to the growth of high-quality companies from a fundamental point of view.