Dongwu Securities: The trend of robots and AIDC remains unchanged, and we continue to be optimistic about the second growth curve.

Dongwu Securities released a research report stating that in terms of humanoid robots, at the beginning of the year, Tesla's Musk expected an annual production of 5,000-10,000 robots. Both Tier 1 and Tier 2 suppliers have been gradually receiving small batch orders. Starting from the second quarter of 2025, disturbances in production pace caused by the trade war, changes in engineering management, etc., have not changed the overall industry trend. Dongwu Securities believes that the focus in the second half of the year will be on design finalization, with attention on the release of Gen3 products and incremental changes in various component links, followed by the recovery of production pace and the leading players. Recommended stocks in the field of humanoid robots include Sanhua Intelligent Control, Top Group, and Zhejiang Rongtai.