CITIC Securities: Several robots to perform on stage at CCTV Spring Festival Gala, optimistic about the development of domestic manufacturers.

Guosen Securities Research Report believes that in 2026, the CCTV Spring Festival Gala will have magic atom, Matsunaga Power, and Chasen robots participating in the performance. As a national high-exposure platform, the Spring Festival Gala imposes high demands on the stability, interaction capabilities, and system integration level of robot products. This appearance can be seen as a concentrated showcase of the maturity of the relevant companies' software and hardware. Against the backdrop of humanoid robots still being in the stage of technological iteration and scenario expansion, appearing on the Spring Festival Gala will help enhance the industry's overall awareness and strengthen the public's expectations for robots entering real life scenarios. The research report is optimistic about the future development prospects of relevant manufacturers and the investment opportunities of related listed companies.