Recently, robot-related news has been popular in the market:

First, NVIDIA and Amazon Web Services gathered at the Amazon Web Services re:Invent event in Las Vegas this week to showcase new solutions for accelerating AI and robotics technology breakthroughs.

Thirdly, from December 11th to 13th, the 2024 Mobile Robotics Industry Development Annual Conference will be held in Suzhou.

China Securities Co., Ltd. believes that in the second half of 2024, with breakthroughs in AI autonomous algorithms and continuous evolution of mobility capabilities, Optimus is expected to see a new generation of robot hardware complete update and gradually be sold to the public. Humanoid robots are getting closer and closer to achieving true practical value.

Looking ahead, policy and industrial resources are expected to further flow in globally, accelerating industry commercialization.

Guosen believes that some robot components share similarities with automotive parts in materials, processes, equipment, and cost control. They have similar underlying manufacturing logics, providing upgrading opportunities for related components (electric machines, reducers, lead screws, etc.) and industries (vehicles → robots); following the triple catalytic effects of leading by major factories like Tesla, technological iterations of software and hardware, and related policy support, the development of humanoid robots is expected to accelerate. 2025 is expected to be the year of mass production, bringing investment opportunities in related industry chains.

Robot concept related companies in the Hong Kong stock market industry chain:

UBTECH (09880): Since the beginning of this year, UBTECH has focused on key areas in the manufacturing industry such as autos and 3C, enhancing the capabilities of humanoid robot tool operation and task execution. As of November 2024, UBTECH has cooperated with enterprises such as BYD, Geely, Hongqi, FAW, SF Express, Foxconn, etc., to train robots for applications in various industrial scenarios.

Suteng Juchuang (02498): By the end of the third quarter, the group's lidar historical cumulative sales volume has exceeded 0.72 million units, setting a new industry delivery record. According to management disclosure, by the end of the third quarter, the number of the company's robot domain partners has surpassed 2600, and new product development is about to enter mass production phase. The expected robot shipments in 2025 are set to exceed 0.1 million units, potentially boosting overall gross margin due to the nascent stage of the robot industry.

HORIZON ROBOTICS-W (09960): The company's robust project pipeline bodes well for its market share growth prospects in the advanced driver-assistance systems (ADAS) and advanced autonomous driving (AD) sectors in mainland China. Goldman Sachs believes that as a third-party autonomous driving solutions provider, its favorable position in the rising penetration rate of autonomous driving in mainland China presents a positive outlook.

JL MAG RARE-EARTH (06680): JL MAG RARE-EARTH recently mentioned that the company is actively cooperating with world-renowned customers in the research and development of magnetic components for humanoid robots, with small batch deliveries already underway. However, the current impact on the company's revenue and profit is minimal.

Shanghai Electric Group (02727): Shanghai Electric Group previously planned to invest 3.082 billion yuan to acquire 50% equity of Nachi Robotics held by the shareholding platform Ningsheng Industry. Shanghai Electric Chairman Wu Lei stated at a communication meeting earlier that the acquisition of Nachi Robotics is actively responding to the new "National Ninth Initiative", focusing on enhancing core functions, improving core competitiveness, and building a leading enterprise through comprehensive use of mergers and acquisitions and other means to enhance development quality.