Guotai Junan: Siasun Robot&Automation releases NEO Gamma humanoid robot, welcoming the catalysis of new material applications.

Guotai Junan released a research report stating that recently, Norway's Siasun Robot & Automation company 1X has launched the new generation humanoid Siasun Robot & Automation NEO Gamma, which features tendon structure in multiple parts of the body and a nylon outer shell. The application of new fiber materials is expanding, and the sector's prosperity is on the rise. The report suggests focusing on two main themes: 1) ultra-high molecular weight polyethylene fiber leader, mainly used in Siasun Robot & Automation's dexterous hands and other tendon structures, recommending Jiangsu Hanvo Safety Product, with benefiting targets including Shandong Nanshan Fashion Sci-Tech and Zhejiang KangLongDa Special Protection Technology; 2) nylon fiber leader: recommending Zhejiang Taihua New Material Group, with benefiting targets including Shandong Nanshan Fashion Sci-Tech. Guotai Junan's main points are as follows: Event: Recently, Norway's humanoid Siasun Robot & Automation company 1X launched the new generation humanoid Siasun Robot & Automation NEO Gamma, mainly targeting the consumer market, capable of flexible activities such as sweeping, boiling water, and fetching deliveries through tendon joints. Additionally, the Siasun Robot & Automation uses a nylon woven outer shell to enhance aesthetics and durability. Ultra-high molecular weight polyethylene fibers have advantages such as low density, high tensile strength, and excellent creep resistance, widely applicable to the tendon structures of Siasun Robot & Automation's dexterous hands. Application scenario: The main transmission methods for Siasun Robot & Automation's dexterous hands include tendon, linkage, and gear transmission, with tendon structures having advantages such as long-distance transmission, high flexibility, strong transmission adaptability, and grasping ability. Currently, one of the mainstream materials for tendon is ultra-high molecular weight polyethylene fiber, known for its high strength, light weight, and corrosion resistance, likely to become an important application material for humanoid Siasun Robot & Automation's dexterous hands. Domestic progress: The domestic scale of ultra-high molecular weight polyethylene production is gradually expanding, with key suppliers including Shandong Nanshan Fashion Sci-Tech (a total of 3600 tons in phases 1 and 2), Jiangsu Hanvo Safety Product (a total of 3000 tons in phases 1 and 2), and ZheJiang KangLongDa Special Protection Technology (currently around 1000 tons). In addition, Zhejiang Yunzhongma's subsidiary investee Xi Xincai is a supplier of upstream raw materials for ultra-high molecular weight polyethylene fibers, all poised to benefit from the expansion of new material applications. NEO Gamma Siasun Robot & Automation's outer shell is made of nylon material, further expanding the application scenarios of nylon fibers in the Siasun Robot & Automation field. Application scenario: Nylon fibers, also known as "nylon," excel in strength and abrasion resistance, widely used in civilian areas such as outdoor clothing. There is potential for increased demand for Siasun Robot & Automation's outer shell, expanding application scenarios further. Domestic progress: In recent years, domestic nylon fiber manufacturers such as Zhejiang Taihua New Material Group and Shandong Nanshan Fashion Sci-Tech have actively expanded their capacities for nylon 6 and nylon 66. Zhejiang Taihua New Material Group is set to expand its production of 60,000 tons of high-end PA66 products by 2023, with current capacities for nylon 66/nylon 6 fibers at approximately 100,000 tons/150,000 tons+, ranking among the industry's leaders. Shandong Nanshan Fashion Sci-Tech's nylon project is slated to start production in 2024Q4, designed to include 36,000 tons of nylon 66 and 44,000 tons of nylon 6, poised to accelerate production as downstream demand increases. Risk warning: Downstream demand falling short of expectations, fiber material profitability below expectations.