On September 18, Minister of Science and Technology Yin Hejun stated that efforts are underway to accelerate the implementation of humanoid robots in automotive manufacturing, logistics handling, power inspection and other scenarios, laying a solid foundation for the development of a trillion-dollar industry in the future. China International Capital Corporation believes that the commercialization process of humanoid robots is expected to bring exponential growth opportunities, recommending focus on core targets including joint modules, tendon materials, reducers, and AI chips.

Notably, documents filed by Tesla with the U.S. Securities and Exchange Commission on September 15 show that CEO Musk purchased over 2.5 million Tesla shares on September 12, with a total value of approximately $1 billion. Previously, Tesla's board proposed a new compensation package to Musk with a potential value approaching $1 trillion. According to the agreement, Tesla's board granted Musk up to 423.7 million restricted shares, representing about 12% of the company's adjusted total share capital, to be distributed in 12 batches. One of the operational targets for unlocking the trillion-dollar compensation requires cumulative delivery of 1 million humanoid robots.

Tesla's Optimus adopts a pure vision end-to-end model architecture. Data collection shifted to third-person video training in May, and this week's release of the AI5 chip completed the final piece. Conditions for Optimus mass production in 2026 have matured. Recent frequent robot catalysts and Musk's stock increase demonstrate strong confidence in Tesla's future pillar business (Musk claims about 80% of Tesla's long-term value will come from Optimus). Next week's production meeting is expected to address market expectations for Gen3.

Additionally, Unitree Robotics previously posted on social media that it expects to submit IPO application documents to securities exchanges between October and December 2025, when the company's relevant operational data will be officially disclosed. Unitree Robotics stated that using 2024 as an example, quadruped robots, humanoid robots, and component products accounted for approximately 65%, 30%, and 5% of sales respectively.

From a funding perspective, financing enthusiasm in the robotics industry chain continues to surge, involving multiple key segments including visual perception, dexterous hands, joint modules, reducers, and ball screws. Leading companies such as UBTECH ROBOTICS, Zhiyuan Robotics, and Unitree Robotics have all secured large orders. The domestic supply chain is accelerating integration, with capital market funds continuously flowing in, forming a positive cycle of "financing-R&D-orders-mass production."

Regarding industry development prospects, the "Humanoid Robot Industry Research Report" indicates that China's humanoid robot market size is expected to reach approximately 27.6 billion yuan in 2024, potentially growing rapidly to 75 billion yuan by 2029, accounting for about 32.7% of the global market. By 2035, it may exceed 300 billion yuan, demonstrating the formation of an explosive growth track.

CITIC Securities states that Tesla's Optimus remains the core of robot market trends. After previous mass production setbacks, prospects for next year are gradually becoming clearer, which will benefit sector beta performance. Additionally, Musk's massive compensation plan mentions a product target of cumulative delivery of 1 million robots, further indicating Tesla's continued commitment to this field. Subsequent V3 releases and mass production progress are also worth watching. Furthermore, domestic supply chain news from capital operations and order shipments will provide continuous catalysts in the second half. The firm remains optimistic about overall sector trends, recommending sensors, dexterous hands, vertical application segments, and domestic supply chain segments with better industry trends and faster volume growth.

A recent research report from Minsheng Securities analyzes that the robotics sector will face major catalysts in Q4, with the T-chain becoming the core theme. From a capital dimension, Unitree Robotics will submit IPO filing materials in Q4 this year, Zhiyuan Robotics is entering Shangwei New Materials, and Leju Robot has completed share reform. The securitization process of leading domestic humanoid manufacturers is accelerating, becoming a new catalyst for sector sentiment.

Related Concept Stocks:

UBTECH ROBOTICS (09880): On July 28, UBTECH ROBOTICS announced the completion of a placement, placing a total of 30.155 million shares and raising total funds of HK$2.41 billion, with over HK$1 billion to be used for payments to suppliers and service providers. This placement raised more funds than the sum of the previous four placements combined, becoming the largest humanoid robot listed company stock placement financing in capital market history, receiving enthusiastic support from sovereign funds, major industrial capital, long-term funds, and multi-strategy funds. Additionally, UBTECH ROBOTICS previously announced winning a robot equipment procurement project worth over 90.51 million yuan from Miyi (Shanghai) Automotive Technology Co., Ltd., currently the largest procurement order globally for humanoid robots.

HORIZONROBOT-W (09660): In mid-July, Dahua Capital published a research report predicting annual compound sales growth of 57.5% from 2025 to 2027, expecting the company to achieve break-even by 2028. Dahua initiated coverage with a "Buy" rating and a target price of HK$7.45 based on 10.1 times enterprise value-to-sales ratio in 2027.

HK ROBOTICS (00370): On August 20, HK ROBOTICS partnered with Guangdong Tiantai Robot, Shandong Future Robot, and Shandong Future Data Technology to jointly sign the world's first 10,000-unit embodied intelligent humanoid robot order agreement. This order sets a record for the robotics industry scale while enabling true implementation and commercial-scale deployment of embodied intelligent humanoid robots, opening a market example for the industry. According to the agreement, at least 10,000 family care-oriented embodied humanoid robots are expected to be delivered by the end of 2026, with HK ROBOTICS primarily responsible for robot R&D, production, delivery, and end-to-end integration of the robot's embodied intelligence cloud platform with the robot body. The parties will advance project implementation in phases, completing first-generation product prototype development in 2025 and achieving 50,000 units mass production in 2026 with additional investment to expand capacity.

ROBOSENSE (02498): ROBOSENSE showcased its new Active Camera platform for robot vision at the 2025 World Robot Conference. Public data shows ROBOSENSE ranks first globally in LiDAR market share, having provided core components and solutions to over 310 automotive OEMs and tier-1 suppliers worldwide.