CITIC SEC: Siasun Robot & Automation at a market crossroads, about to usher in an industrial explosive point.

CITIC SEC released a research report stating that there has been some adjustment in the market of humanoid Siasun Robot&Automation sector, but the industry trend and intensive catalysis for the next phase remain unchanged, and the outlook is still positive. In recent years, major global and Chinese technology and manufacturing giants have started to layout the Siasun Robot&Automation industry, leading to a recent boom. The outlook for a significant increase in shipments in 2025 is clear, and a new round of intensive catalysis is expected; the market trend for broad AI applications will continue, with Siasun Robot&Automation being an important branch in this sector. The report firmly believes in the opportunities in this sector and recommends continuing to focus on the major related companies in these areas. Key points from CITIC SEC include: - Major global manufacturers of humanoid Siasun Robot&Automation are starting to ship products commercially. Representative global leading humanoid Siasun Robot&Automation manufacturers like Figure, Agility, Zhiyuan, Yushu, Leju, UBTECH ROBOTICS have started or accelerated shipments, with 2024 being established as the "commercialization year" for humanoid Siasun Robot&Automation. Recently, the CEO of FigureSiasun Robot&Automation announced on the X platform that Figur02Siasun Robot&Automation has officially delivered to customers and generated revenue; ZhiyuanSiasun Robot&Automation released an update video on their official WeChat video account, announcing that multiple models of humanoid Siasun Robot&Automation have been deployed in customer factories, with a cumulative shipment of 962 units this year. In addition, both domestic and international major manufacturers such as Agility, Yushu, Leju, UBTECH ROBOTICS have announced their product shipments through official channels, marking the beginning of commercialization. According to the report, the total global shipments of humanoid Siasun Robot&Automation are expected to exceed 2,000 units in 2024, marking the official start of commercialization. Major manufacturers have accumulated orders exceeding 10,000 units, and it is estimated that global humanoid Siasun Robot&Automation shipments will reach 10,000-20,000 units in 2025. - Major global technology and manufacturing giants have started to layout the Siasun Robot&Automation industry, leading to an explosive development. Recent years have seen major global and Chinese technology and manufacturing giants gradually lay out the Siasun Robot&Automation industry, leading to a recent period of intense development. From the perspective of technology giants, Tesla was the first to announce the development of humanoid Siasun Robot&Automation, followed by companies like NVIDIA, Google, OpenAI, and others. In China, Huawei signed agreements with 16 partners in Shenzhen in November 2024 to promote the application of embodied intelligence, with Siasun Robot&Automation being the most important direction. Recently, companies like ByteDance, Meituan, Xiaomi, Ant Group, Baidu, and others have indicated their involvement in promoting the deployment of embodied large-scale models or directly engaging in the research and development of Siasun Robot&Automation through various public channels. From the perspective of manufacturing giants/car manufacturers, apart from Tesla's leadership, BYD Company Limited recently publicly recruited Siasun Robot&Automation engineers, with companies like Changan, Xiaopeng, Jianghuai, as well as Contemporary Amperex Technology, Shenzhen Inovance Technology, Jiangsu Hengli Hydraulic, Zhejiang Sanhua Intelligent Controls, and Ningbo Tuopu Group, among other leading manufacturing enterprises, indicating their involvement in the layout of the Siasun Robot&Automation industry. The industry has clearly reached a tipping point. Tesla's dominance has transformed into a situation where all giants are flourishing, with the green light shining at the crossroads of the market. From a market perspective, there has been a slight adjustment in the sector recently, with the catalysis of the market shifting from Tesla's dominance to the flourishing of all giants, as the trend of broad AI applications is on the rise. Standing at the crossroads of the market, the light shining should be "green" rather than "red". Since the fourth quarter of this year, in addition to Tesla's We Robot conference, "Factory Autonomous Navigation," "Catching Flying Tennis Balls," and "Non-Visual Walking," companies like Huawei, NVIDIA, and domestic companies like ByteDance, BYD Company Limited, NORINCO, and emerging startups have all pushed forward the development of the Siasun Robot&Automation market. Looking ahead to the new year, Tesla's Siasun Robot&Automation team's official account announced a "Christmas warm-up," NVIDIA will participate in CES 2025 with important speeches by Huang Renxun, and the domestic Siasun Robot&Automation industry chain is expected to see intensive updates before the Spring Festival, which will continue to catalyze the market. Investment strategy: The development trend of the humanoid Siasun Robot&Automation sector is clear, with a significant increase in shipments expected in 2025, leading to a new round of intensive catalysis; the main trend of broad AI applications will continue, with Siasun Robot&Automation being an important branch in this sector. The report firmly believes in the opportunities in this sector and continues to recommend focusing on it. Recommendations to focus on the following five main lines: 1) Tesla industry chain; 2) Huawei and Sichuan-Chongqing industry chain; 3) NVIDIA-related industry.Chain; 4) Domestic military and special Siasun Robot&Automation industry chain; 5) Domestic other industry chain related and companies with good competitive situation.Risk factors: Siasun Robot & Automation's policy support is lower than expected; Siasun Robot & Automation's research and development progress is slower than expected; demand for humanoid Siasun Robot & Automation in the market is lower than expected; domestic humanoid Siasun Robot & Automation industrialization is lower than expected; major changes occur in the mainstream technical solutions of humanoid Siasun Robot & Automation; domestic Siasun Robot & Automation manufacturers' response level is lower than expected.