While the market is still debating the authenticity of the demand for humanoid robots, key turning signals have quietly emerged on the industrial side. After tracking this sector for three years, we have found that the bottoming out of the sector is often accompanied by three core characteristics: valuations no longer decline under negative impacts, capital actively enters the market in the absence of clear positive news, and long-term faith-based capital completes its turnover. Currently, all three signals have been realized, and combined with subsequent product finalization, targeted breakthroughs, order releases, and continuous factory audits, the humanoid robot sector is entering a critical window for cyclical transition.
Unlike short-term speculative trading, truly resilient targets that can traverse industrial cycles must possess a “dual-core” characteristic: they are both core participants in the current technological route and can secure the next round of competitive advantages through capacity reserves and technological iterations. The common characteristics of such targets are clear: a defined rhythm of order realization, capacity construction synchronized with industrial progress, and corporate governance and operational reliability validated by the market. In the current environment where the chip structure is not yet crowded, focusing on orthodox targets with higher winning odds has become the core logic for seizing opportunities in the sector.
Core of the Screw Rod: Positioning Key Components, Awaiting Valuation Recovery
The screw rod, as the core component of joint drives in humanoid robots, directly determines motion accuracy and load capacity, making it a key link in the current domestic breakthrough. Beite Technology, leveraging its first-mover advantage, has become a leader in the field of body screw rods, and its hand screw rod business is also expected to capture core market share. The current undervalued state is likely to recover as orders are realized; Zhejiang Rongtai benefits from the increased value of hand screw rods and the iteration of new body screw rod solutions, with strong expectations for targeted breakthroughs and promising performance elasticity; Hengli Hydraulic is at a critical stage of targeted breakthroughs and, with its technical accumulation in the hydraulic field, is expected to achieve cross-domain breakthroughs in the screw rod track.
Materials and Functional Components: The Main Line of Value Enhancement, Verified by Order Realization
The application of lightweight, high-performance materials is the core direction for reducing weight and increasing efficiency in humanoid robots. The lightweight PEEK materials developed by Hengbo Co., Ltd. have become a key link in enhancing the value of motion functional components. They have successfully secured related orders, achieving a leap from technical reserves to commercial realization, and are expected to fully enjoy the dividends brought by material upgrades.
Motors and Assemblies: Core Components with Elasticity and Certainty
As the “muscle” of robots, motors are the core components for motion execution. Xinzhi Group and Hengshuai Co., Ltd. are deeply engaged in the T motor field, with smooth industrial advancement. With stable product performance and supply capabilities, they have become important partners for core manufacturers, ensuring strong performance certainty; Top Group and Sanhua Intelligent Control, as core assembly manufacturers for robots, are considered “non-sellable” assets in the sector, with Top Group currently showing more prominent business elasticity and expected to benefit significantly from the bulk release of assembly orders; Junsheng Electronics, as a T1-level supplier, is expected to steadily improve profitability as the value of product matching continues to rise.
Potential Increment: Exploring Cross-Domain Breakthrough Targets
In addition to traditional players in the sector, cross-domain breakthrough targets are also worth attention. Meihu Co., Ltd., leveraging its core business accumulation in Yushu, has potential expansion space in the robot field and is expected to achieve a new growth curve through technology migration, becoming an invisible increment in the sector.
The market’s controversy over the demand for humanoid robots essentially reflects concerns about the commercialization rhythm of emerging industries. However, from the perspective of industrial development laws, the realization of any disruptive technology requires time to settle. The sector has now passed the most challenging valuation digestion period, with bottom signals resonating with industrial catalysts. For investors, abandoning short-term noise and focusing on orthodox targets with core technologies, order validation, and capacity reserves is the only way to truly seize certain opportunities in the long cycle of industrial explosion. As more industrial details are finalized, the humanoid robot sector is expected to transition from thematic speculation to value investment, with the valuation and performance of orthodox core targets expected to rise continuously.
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