Recently, Tesla announced the latest progress of Optimus walking on complex terrain, with Musk stating that the robot can control its electric limbs through a neural network without needing remote control to overcome rugged terrain.

According to Zhichun Finance APP, humanoid robots are an ideal carrier for AGI. Currently, humanoid robots are still in the Thematic Investment stage, and the interest rate reduction policy may lead to liquidity easing, potentially driving investment opportunities in Technology growth sectors such as AI and humanoid robots. Galaxy Securities' research believes that the investment targets in terms of Hardware should consider, firstly, the Tesla humanoid robot supply chain; secondly, other component suppliers likely to enter the humanoid robot sector; and thirdly, Huawei's robot Industry Chain.

China Securities Co., Ltd. believes that humanoid robots are a relatively new type of service robot, whose shape and size resemble that of the human body, capable of mimicking human movements, expressions, actions, and behavioral characteristics, and can sometimes even interact with humans or perform specific tasks.

They can be applied in various fields, such as Entertainment, reception, Education, Medical, as well as elderly care, while also providing social companionship or performing dangerous or highly repetitive tasks. Compared to industrial robots, humanoid robots are characterized by being more intelligent, more flexible, and more diverse.

With the empowerment of all sectors of society, as technology upgrades and industrial forms develop, humanoid robots are expected to penetrate applications in service industries and manufacturing, and the market potential may accelerate its release.

Minsheng Securities' Research Reports indicate that the year 2025 is the beginning of mass production for humanoid robots and the starting point for the leap in their general capabilities, with thousands of humanoid robots expected to enter factory scenarios for training globally.

Core Hong Kong stocks for humanoid robots:

UBTECH (09880): According to the latest feedback from related research, BYD's workshop currently has a total of 150 machines, of which more than 90 are from UBTECH. Currently, only UBTECH has truly started large-scale mass production; Shanghai Siasun started working on a factory this year, and their investment is mainly in testing machines and prototypes. The target is between 0.08 million to 0.12 million units due to the demand for hundreds of thousands of units. In terms of the Control System part, it is mainly a collaboration between UBTECH and the company, with companies like Soft Power Technologies also collaborating on operating systems and large models. In UBTECH's robotic solutions, the company will participate with UBTECH leading the large model work, while external companies will also be involved in collaboration on robot applications, large models, operating systems, etc., which is currently more of a joint development. UBTECH has also partnered with manufacturers like NIO, SAIC, and BYD, with three or four companies already trialing their products on automotive production lines.