CITIC Construction Securities Research Report: Physical AI is the next wave of artificial intelligence, and robots are one of the best physical carriers of AI.

Golden Finance reports that A-share market robotics concept stocks collectively strengthened, among which, Haozhi Electromechanical hit the 20CM daily limit up, Qiaofeng Intelligent rose over 16%, Huayi Technology rose over 15%, Sanrui Intelligent, Greensum Tech, Benchuan Intelligent, and Xiangming Intelligent rose over 13%, Sifuhui, Orbbec-W rose over 12%, Effort-U, Hanwei Technology, and Shenghong Technology rose over 10%, Changhua Group, Lianchuang Electronics, Lingyi iFine, Crystal Optoelectronics, Mingshi Electric, Optoelectronics Co., Zhongjian Technology, and Estun all hit the 10CM daily limit up.

CSC Financial Research Report stated that the real-world application of humanoid robots is a key focus of the market. Figure03 has entered the BMW factory, and leading manufacturers are actively promoting the application of humanoid robots in industrial and other scenarios. As the generalization level of robots improves, their application scenarios are expected to expand further, and 2026 is expected to be a big year for vertical applications of humanoid robots. Physical AI is the next wave of artificial intelligence, and robots are one of the best physical carriers of AI, worthy of attention. In addition, Optimus mass production is approaching, and recent guidance on supply chain volume and production capacity has gradually become clear, with its ramp-up pace being progressively verified. The subsequent V3 product release and mass production progress still deserve close attention. Furthermore, IPOs of domestic robot companies continue to advance, which may lead to a revaluation of the main body. It is expected that there will be continuous catalysts in the sector within the next quarter, and it is recommended to focus on high-quality segments.