CITIC Securities: Remains optimistic about the overall market outlook for the robotics sector.

CITIC Construction Investment pointed out that various regions have recently issued policies to support the robot industry, providing certain industrial subsidies or consumer subsidies. The World Robotics Conference continues to maintain unprecedented popularity, with a variety of domestic robots flourishing. Various solutions for aspects of the industry chain such as nimble hands, joint module components, sensors, etc. are advancing side by side, potentially accelerating the iteration of embodied intelligent robots. The progress of the embodied intelligent industry chain is constantly being seen, and there are still potential catalysts worth paying attention to, such as the World Humanoid Robot Games, the Intelligent Robotics Partners Conference, the release of the third generation Optimus, and domestic robot bidding and tendering. We continue to be optimistic about the overall market of the sector and recommend sensor, nimble hand, vertical application end, and domestic supply chain segments with better industrial trends and faster volume growth.