The Research Reports from Minsheng Securities point out that 1) In the field of embodied intelligence + AI, robots with various product forms are expected to be empowered by large models. Currently, most algorithm training is still based on visual algorithms + AI large models, so attention should be paid to companies in the visual algorithm field with positioning attributes. 2) The robot + military field is expected to become an emerging application scenario, so attention should be paid to companies related to military robots; additionally, the remaining civilian quadruped robot field and companies benefiting from advancements in AI large models should also be considered.