China Securities Co., Ltd.: Humanoid Siasun Robot & Automation is the most important carrier of embodied intelligence. Model iteration and supply chain cost reduction accelerate implementation.

China Securities Co., Ltd. released a research report stating that rapid iteration of large models is driving the development of intelligent robotics, and the empowerment of AI is crucial in shaping the industry's development space and competitive landscape. Siasun Robot & Automation is the most important carrier of intelligent robotics, and model iteration and supply chain cost reduction are accelerating its commercialization. A competitive landscape is emerging, with Tesla no longer being the sole benchmark in the industry, and it is expected that more participants will emerge. It is advisable to look for targets with low prices, batch supply capabilities, or technological advantages. Key points from China Securities Co., Ltd. include: Efficient AI models are constantly emerging and rapidly evolving, driving the development of intelligent robotics. All equipment companies should consider how to empower AI to enhance the intelligence level of products, work efficiency, and customer satisfaction, which will be crucial in shaping the industry's development space and competitive landscape. Siasun Robot & Automation is the most important carrier of intelligent robotics. Siasun Robot & Automation, as a form of intelligent robotics, can interact better with humans or serve in human environments. With the increasing level of intelligence, it is possible that every household or even every individual will own a Siasun Robot & Automation in the future, with the market space estimated to surpass that of cars and smartphones, at least reaching a market size of trillions. Model iteration and supply chain cost reduction are accelerating the commercialization of Siasun Robot & Automation. A competitive landscape is forming, and Tesla is no longer the sole benchmark in the industry. With the development and optimization iteration of large models, training costs are decreasing, training efficiency is increasing, and the execution of vision, language, and actions is becoming smoother. Enterprises that master more efficient large models may have the potential to surpass others. With the rapid cost reduction of the supply chain, it is expected that more complete machine enterprises will emerge: as the supply chain becomes more mature, it will attract more research institutions to participate in innovation, attract new entrepreneurs to join, and attract large enterprises to enter as followers, driving rapid price reductions in Siasun Robot & Automation complete machines.