Goldman Sachs released a research report estimating that global humanoid robot shipments likely reached approximately 15,000 to 20,000 units last year, with products from Chinese manufacturers constituting the majority. By 2026 and 2027, the shipment targets of companies could range from several thousand to tens of thousands of units. The firm advises investors to be selective in their allocations, initiating coverage on Zhejiang Sanhua Intelligent Controls Co.,Ltd. (02050) with a "Buy" rating and a target price of HK$43.1. The Goldman Sachs research team recently visited eight unlisted AI robotics companies in Hangzhou, Shanghai, and Shenzhen, engaging with corporate executives. They observed that the humanoid robot industry is clearly advancing towards commercial deployment for "specific purposes," with products focusing on achievable capabilities in task planning, mobility, and interaction. This is expected to lead to more reliable and immediately deployable solutions in specific vertical applications, such as security patrols, guidance, reception services, and logistical tasks within factories like picking, placing, and simple sorting. The report states that the industry's pragmatic development direction, combined with encouraging progress in motion control technology and rapidly iterating product cycles, is enhancing the ability of humanoid robots to perform specialized tasks. This momentum is expected to drive company shipment targets to potentially achieve multi-fold growth over the next two years.