According to Zhijun Finance APP, on June 21, at HUAWEI Developer Conference 2024, Huawei's AI system - Pangu great model 5.0 was officially released. During the introduction, Zhang Pingan, Huawei's executive director and CEO of Huawei Cloud, showed the potential of Kua Fu humanoid robots carrying Pangu great model in industrial and domestic scenes. According to institutions' predictions, China's humanoid robot market growth rate will be higher than the global average, and the market size of China's humanoid robots is expected to be 2.158 billion yuan in 2024 and 38 billion yuan in 2030, with a compound growth rate exceeding 61%. Related symbols: UBTECH Robotics Corp Ltd (09880), Legend Holdings Corp (03396), Baidu, Inc. (09888).

It is understood that Kua Fu humanoid robot, which appeared at HDC, is a phased achievement of strategic cooperation between Huawei Cloud and Leju Robotics. The humanoid robot carrying Pangu's intelligent body model has achieved significant improvements in intelligence and generalization capabilities.

Currently, generalized operations of humanoid robots have been implemented in small samples, and testing and scene verification have been carried out in industrial and family scenarios. The R&D process has opened up the workflow of humanoid robot data collection, cloud training, and deployment reasoning, forming a series of tool chains.

Zhang Pingan said at the conference that in addition to humanoid robots, Pangu's intelligent body model can also empower various forms of industrial robots and service robots to help humans engage in dangerous and arduous work, as expected, AI robots can help us do laundry, cooking, sweeping, and leave us more time for reading, writing, and painting.

In recent years, the "wind" of humanoid robots has been echoing around the world. On May 5th, Tesla Optimus official account released a 90-second demonstration video of Optimus robots "working" in Tesla's factory on social media platform X. In March of this year, OpenAI and Figure cooperated to launch the general-purpose robot Figure 01, and Nvidia announced the humanoid robot project GR00T; just this April, Boston Dynamics announced the launch of the electric version of Atlas humanoid robot since its release in 2013.

Domestic humanoid robots have also launched a "career" as workers, such as the industrial version humanoid robot Walker S released by "China's first stock of humanoid robots" UBTECH in February. In addition, domestic humanoid robots continue to make new breakthroughs. Last month, "Tiangong" released by the Beijing Humanoid Robot Innovation Center also appeared in Beijing. It can run at a stable speed of 6 kilometers/hour, which is the world's first full-size humanoid robot driven by pure electricity.

In terms of policies, the "Guiding Opinions on Innovative Development of Humanoid Robots" released by the Ministry of Industry and Information Technology in November last year mentioned that, to meet the needs of operations in harsh conditions and dangerous scenes, special high-reliability humanoid robot solutions under special applications should be created; focus on key areas such as 3C, automotive and other manufacturing industries to build demonstration production lines and factories for humanoid robots; expand the use of humanoid robots in medical care, housekeeping and other areas of people's livelihood, and promote the application of humanoid robots in key industries such as agriculture and logistics.

The "Opinions" propose to establish a humanoid robot innovation system by 2025; by 2027, comprehensive strength will reach the world's advanced level, becoming an important new engine of economic growth. Humanoid robots integrate advanced technologies such as artificial intelligence, high-end manufacturing, and new materials. They are expected to become disruptive products after computers, smartphones, and new energy vehicles, profoundly changing human production and living styles and reshaping the global industrial development pattern.

According to the research on the ecological development of Chinese humanoid robots in 2024 released by the CCID Research Institute, the humanoid robot industry will enter the outbreak period in 2023, and the "industrial veterans" will develop and grow successfully, and a batch of startups with strong innovation capabilities will emerge. The size of the industry will grow to 3.91 billion yuan, a year-on-year increase of 85.7%; it is expected that the humanoid robot industry will continue to grow at a high speed in 2024 and 2025, and the scale of China's humanoid robot industry will exceed 20 billion yuan in 2026.

According to GGII's prediction, China's humanoid robot market growth rate will be higher than the global average: the market size of China's humanoid robots is expected to be 2.158 billion yuan in 2024 and 38 billion yuan in 2030, with a compound growth rate exceeding 61%.

Goldman Sachs predicts that in ideal circumstances where there are revolutionary technological breakthroughs, the compound annual growth rate of humanoid robot sales from 2025 to 2035 can reach 94%, and the market size will reach $154 billion in 2035. According to Goldman Sachs, the labor shortage problem in industries such as manufacturing and elderly care in the future will be largely solved with the widespread application of robots.

Related concept stocks:

UBTECH (09880): On April 16, at the Create 2024 Baidu AI developer conference, UBTECH humanoid robot Walker S "air-dropped" on-site, demonstrating the application of AI large models and humanoid robots.

Legendholding (03396): Legend Capital's investment in the humanoid robot field is not limited to financial support but also includes providing strategic guidance and market resources to invested companies. For example, Legend Capital led the angel round of humanoid robot R&D company "Ubtech Robotics" with a financing of over 100 million yuan, showing its bullish view on the commercial prospects of humanoid robots.

Baidu Group-SW (09888): On August 14, 2023, Jieli and Baidu jointly announced an important progress in the "automotive robot strategic cooperation project." Jieli's brand-new automotive robot brand "Jiyue" was officially released, and its first model was named "Jiyue 01".