First, congratulations to China’s Xiaobotong: Chip Origin has reached a new high, with some sellers seeing over 200 billion. For those unfamiliar, you can refer to the following article: China Xiaobotong. The new news here is that Byte’s ASIC has increased its shipment volume by 50%. Today’s main update is on robotics:Robotics was actually a buying point last Friday, as I mentioned in my previous article: Negative Electrode Technology & Zhongyi Technology
So what are the core aspects of robotics?
Today, Xinquan has a 6.55% rebound, and Changying has a 20% limit-up. This is the charm of the core! The logic behind why I dare to buy into robotics is actually quite simple:
I have also been looking at a transforming company, which is said to have a strong partnership with a robotics company. I checked their robotics products and didn’t find anything particularly impressive. It’s not as good as Yushu’s flexibility~ Let’s keep tracking this, and I’ll update an AI translation article on robotics as I try to correct it.
In recent reports, analysts pointed out that Tesla’s robotics sector is expected to drive further development in the robotics field in the fourth quarter, thanks to the anticipated release and mass production of the new generation of robots. On the funding side, the rotation of AI computing power funds is seen as a favorable factor for the robotics sector. Currently, it is viewed as a key investment opportunity in the robotics sector, recommending attention to leading companies, new opportunities brought by technological changes, and potential dark horse stocks. Specifically for component suppliers, the analysis covers Joyson Electronics, Sanhua Intelligent Control, and Delta Electronics, while also looking at the market prospects for Hengli AR and Shuanghuan Transmission. Despite the significant recent gains in the sector, there are still multiple catalytic factors waiting to be released, with the domestic robotics chain and Tesla’s production dynamics becoming key points of observation in the future.
Q&A:
In the robotics sector, what do you think are the current key catalytic factors and investment paths?
Currently, Tesla has many catalytic factors in the domestic and overseas robotics fields, such as the release of the new generation of the Z3 robot and the increase in expectations for mass production and targeted production next year. On the funding side, the rotation of AI computing power funds also has a positive impact on the robotics sector. From an investment perspective, this timing is particularly critical for the robotics sector, as leading stocks have already shown a trend of rising. We have identified three main investment paths: first, firmly optimistic about leading targets, such as Zhejiang Rongtai, which have the strongest certainty and have increased new sales expectations based on their joint business; second, for companies like Joyson, although the market’s recognition of their robotics business has shifted from skepticism to premium, they also hope to achieve breakthroughs by expanding their zero sales business; finally, companies like Delta Electronics have high certainty in the dexterous hand field and are expected to benefit from the marginal changes in the dexterous surgery of the new generation of robots.
In the various subfields of robotics technology, what are the directions with significant marginal changes?
In different subfields, there are significant marginal changes in aspects such as gears, reducers, motors, sensors, and lightweighting. Among them, the basic fields have seen more changes, such as the reducer segment, Shuanghuan is a relatively certain target with a strong market share. In the motor field, there are both axial flux tests and new entrants, such as the small and medium flux direction of Dongmu (Xiaoxiang has obtained orders from Sanhua) and others. In the sensor segment, the electronic skin track has been given strong elasticity and premium, but due to the lack of convergence in technical solutions, domestic companies are still in the testing phase, so there may be strong bull stocks emerging from zero to a significant market share, similar to the trend of Amperelong.
What is your view on the current market perception of the new T1 segment (which may involve robotics assembly projects)?
Currently, the market’s certainty regarding the new T1 segment is not strong enough, but if calculated based on a certain share, the potential space for this segment is very large. I suggest that leaders pay attention to Xinquan and Duoli and their performance in marginal changes, as they may be key targets to emerge first in this trend. Additionally, in the T1 segment, besides the existing certain leading companies, some new targets are also expected to gain attention and trading opportunities.
Which companies in the sensor segment are worth paying attention to?
In the sensor segment, Baolong and Zhongding are two companies whose progress is worth noting. They are currently at a relatively low position, gradually developing from the zero stage to product formation, and are expected to connect with Tesla, with significant development space.
What is the situation in the lightweighting segment?
In the lightweighting segment, the magnesium alloy part is expected to have been digested by the market, and several companies in terms of materials are not particularly outstanding in value. In this segment, we recommend paying attention to some resilient targets, such as Aikedi that connects with Tesla and small peek companies.
What are the key contents of the technological change directions?
The technological change directions mainly include targets such as Bai Line, Shuanghuan, Haoneng, and Jinduan, as well as the transformation direction of Yapu and Fengdiao, and the axial loosening motor direction of Dongmu and other targets. As Tesla’s technology becomes defined, these mainline directions will become more apparent.
What specific companies are there in the three major directions of certainty tracks, technology, and resilient dark horse stocks?
In terms of certainty tracks, the share of dexterous hands is growing rapidly; in terms of technology, Yapu’s profit fundamentals can support its market value; in terms of resilient dark horse stocks, they are seeking breakthroughs in orders from 0 to 1 in contact with Tesla, and specific companies will be shared with leaders later.
What recommendations are there for targets that the market has not fully reacted to?
Among the targets that the market has not fully reacted to, Aikedi is recommended due to its low valuation (about 20 times), and it has strong fundamental support, as well as Duoli Technology (actuator assembly products connecting with Tesla, whose market value has not fully reflected robotics expectations). Additionally, the peek direction of Jinzong Co., Ltd. is also expected to achieve market value growth through business expansion.
What are the recent catalytic factors in the robotics field?
In addition to Tesla’s production catalysts next week, there are also new moves from companies like Huawei in the domestic robotics field, as well as Yushu’s IPO event in the fourth quarter, all of which will serve as catalysts for the domestic chain to become the core direction in the next round.