The humanoid robot industry is at a pivotal moment, transitioning from technological breakthroughs to large-scale commercialization.

The second World Humanoid Robot Games opened on the evening of August 22 at the "Ice Ribbon" National Speed Skating Oval in Beijing. This year's event features 51 competition categories with 1,301 matches, attracting 666 teams and 2,056 robots. The scale and quality of both the competitions and participating teams have expanded significantly, with new high-intensity events added including long jump, weightlifting, tug-of-war, and table tennis, allowing robots to showcase their skills under the spotlight.

Each round of competition on the field is not just a contest of robotic capabilities, but also a reflection of cutting-edge technological advancements. During the opening ceremony, the 100-meter preliminary heat served as a special showcase, with the Tianzhuo team's robot breaking the human 100-meter world record of 9.58 seconds by clocking an astonishing 9.39 seconds. In the standing high jump demonstration, the Tianxiao robot cleared an impressive 2.88 meters. The freestyle combat segment also displayed a robot executing a spinning back kick, demonstrating exceptional body control and balance.

According to data from US-based research firm Smart Analytics Global (SAG), global humanoid robot shipments reached approximately 19,100 units in the first half of this year—more than triple the 5,100 units shipped during the same period last year. Chinese manufacturers accounted for over 97% of global shipments. Full-year shipments are projected to grow to around 60,000 units this year, with expectations of reaching 500,000 units by 2030.

Wanlian Securities notes that the humanoid robot industry is currently at the dawn of transitioning from technological breakthroughs to large-scale commercialization. On the supply side, Tesla, Unitree Robotics, Zhiyuan Robotics, and UBTech are steadily advancing their mass production plans. On the demand side, an aging population and rising labor costs provide long-term drivers. Additionally, with supportive policies and capital backing, AI large models continue to inject intelligence into robots, potentially fostering an entirely new industry that gradually expands from B2B to B2C applications, unlocking vast market potential in the future.

According to statistics from DataBao, based on disclosed semi-annual reports, performance forecasts, and the lower limit of projected net profits (or announced figures where limits are unavailable), 24 humanoid robot concept stocks posted net profit growth of over 20% year-on-year (including turnaround from losses) in the first half of 2026. Among these, Bengtu Technology, *ST Jinghua, Jiangsu Beiren, and Fangzheng Motor all successfully turned losses into profits.

Bengtu Technology expects first-half 2026 net profit of RMB 75 million to RMB 95 million, a turnaround from a year-ago loss. The company has built a comprehensive product matrix spanning from industrial robots to humanoid robots, covering core components including humanoid robot joint controllers, dexterous hand motor drives, intelligent encoders, battery chargers, battery management system (BMS) controllers, and ranging radar sensor controllers.

Among the non-turnaround concept stocks, eight companies saw their net profits more than double, including Estun, Ebole Technology, Kailida, Lustre Light, and Zhiwei Intelligence. Estun recorded a net profit of RMB 161 million in the first half, representing a remarkable 23.14-fold year-on-year increase. The company offers 96 industrial robot models covering payload capacities from 3kg to 1,200kg, including industry-specific robots built with advanced manufacturing processes. Additionally, Estun's associate company, Estun Kuto, is actively engaged in humanoid robot operations.

On the capital front, DataBao statistics show that as of August 21, among the high-growth humanoid robot concept stocks, ten companies saw net margin financing purchases exceeding RMB 10 million since August. Taijing Technology and Topstar led the pack with net margin purchases surpassing RMB 100 million since August, reaching RMB 237 million and RMB 120 million, respectively.