Recently, under the background of policy support and technological progress, humanoid robots have made rapid development, and investment opportunities in a number of related fields have also received widespread attention from the market.

Many localities have introduced policies to support them

Recently, many places have issued policies to support the development of humanoid robots. On June 28, the “Beijing Robot Industry Innovation and Development Action Plan (2023-2025)” issued by the General Office of the Beijing Municipal People’s Government proposed that focusing on the world’s cutting-edge technology and future strategic needs, step up the layout of humanoid robots, drive the rapid development of medical and health, collaboration, special, logistics four categories of advantageous robot products, and implement 100 new robot projects. To create intelligent drive, integrated production and research, open leading innovative product system.

On June 15, the “Shanghai Three-year Action Plan to promote the high-quality development of Manufacturing Industry (2023-2025)” issued by the General Office of the Shanghai Municipal People’s Government pointed out that it is aimed at the frontier of artificial intelligence technology, to build a general large model, to develop industrial ecology for vertical fields, to build an international algorithm innovation base, and to accelerate the innovation and development of humanoid robots.

On May 31, the General Office of the Shenzhen Municipal Committee of the Communist Party of China and the General Office of the Shenzhen Municipal People’s Government officially issued the Action Plan for Accelerating the High-quality Development and high-level application of Artificial Intelligence in Shenzhen (2023-2024), which proposed to implement the core technology research carrier support plan and support scientific research institutions and enterprises to build more than 5 artificial intelligence joint laboratories. Accelerate the establishment of Guangdong humanoid robot manufacturing innovation center.

In this regard, Chen Li, chief economist and director of the Institute of Chuancai Securities, said that in the context of frequent favorable policies, humanoid robots have broad prospects. At present, the research and development of human-computer interaction, machine vision and motion control has achieved remarkable results, and the whole industrial chain from the top-level design level of the industry, the research and development of core technologies to the landing of terminal applications is developing rapidly, and the application scope is constantly expanding. In the future, with the expansion of application scenarios, in the process of continuous iteration, the domestic development of high-precision robot level products can be expected.

“The digital economy with chips, artificial intelligence and other hardware and software as the carrier is the” breaking the wall “of Chinese modernization, but also an important engine for the high-quality development of China’s economy, with the transformation and upgrading of China’s economy to high-end fields, digitalization and intelligence will become an important trend, and will also become the direction of policy support and encouragement.” China’s aging population is relatively high, with the rapid development of the AI industry, humanoid robots are widely used, the market penetration rate still has a large room for improvement, and the market prospect is broad.” Avic Fund deputy general manager and chief investment officer Deng Haiqing said.

The industrial chain welcomes important opportunities

Many fields involved in the humanoid robot industry chain are highly concerned by the market.

Deng Haiqing believes that China’s economy has entered a stage of high-quality development, and the “digital technology dividend” will be the long-term main line of the stock market. With the advancement of the industrialization process of humanoid robots, investment opportunities are also becoming increasingly apparent. Specifically, the humanoid robot industry chain includes the software side (environment awareness module, intelligent AI chip module, operating system module) and the hardware side (motion control module). On the software side, domestic enterprises still have certain shortcomings in the field of artificial intelligence algorithms and chips, and if they can achieve breakthroughs in technology, they have huge market potential. On the hardware side, the core components account for a high proportion of the cost of humanoid robots, the market size is large, and the growth prospects of enterprises in this field are broad.

For specific product links, Zhesheng Securities said that embodied intelligence (by creating a combination of hardware and software agents) or will be the ultimate form of AI, humanoid robots are one of the best forms to achieve embodied intelligence. In terms of embodied execution, the value of core components accounts for about 62%, mainly including lead screw, servo system, reducer and so on.

As for the difficulties in the development of humanoid robots, Zhongtai Securities believes that there are three difficulties in the current humanoid robots: first, the work scene is complex, and more powerful universal algorithms are needed to ensure the success rate of action execution; Second, the application brings privacy and security issues, need to improve the industry standard specification; Third, cost control to achieve economic viability.

For the development prospects of the humanoid robot industry chain, Guohai Securities believes that under the wave of electrification and intelligence, Tesla humanoid robots are coming out and constantly iterating, which is expected to open up a broader market space than the car, and the humanoid robot industry chain will usher in important investment opportunities “from 0 to 1”.

The latest research report of Everbright Securities shows that with reference to Tesla humanoid robots, under the sales assumption of 100,000 units, the corresponding market size of frameless torque motors and harmonic retarders is about $400 million and $200 million, respectively. With the acceleration of the industrialization of humanoid robots, the demand for core parts will increase, and domestic mature parts manufacturers will benefit deeply.

In the first half of this year, the robot concept sector performed strongly. Flush data show that from January 1 to June 30, the robot concept sector rose 35.01% during the period, significantly outperforming the Shanghai Index in the same period (up 3.65%), and 351 of the 415 concept stocks in the sector rose during the period, accounting for more than 80%.

“Humanoid robots are a relatively hot concept recently, and they are also an important branch of artificial intelligence, and humanoid robots will be more widely used in the future.” Beijing, Shanghai, Shenzhen and other places have introduced some policies to support the development of artificial intelligence industry such as humanoid robots, which is good for the robot sector, suggesting that investors can pay attention to companies with core technologies and real competitiveness.” Former sea Open source fund chief economist Yang Delong said.