[Open Source Technology New Industry] No.25 World Artificial Intelligence Conference to create a humanoid robot area, the Beijing Stock Exchange empowers motors, reducers and other fields - the Beijing Stock Exchange team

The World Artificial Intelligence Conference will create a humanoid robot zone, and the Beijing Stock Exchange will empower motors, reducers and other fields

·Guide·

The World Artificial Intelligence Conference opened in Shanghai, and Qinglong, Tesla Optimus II and other exhibits were exhibited one after another
This week, the share price of the new technology industry on the Beijing Stock Exchange has been lowered, with a median change of -4.04%
The median P/E ratio of the fourth industry accelerated on Thursday, and the information technology fell to 25.8X (-7%)
Kerun Intelligent signed the "Agency Agreement" with MINKO, authorizing it to be the exclusive agent in Europe

⭐ A collection of research at the end of the article | We have focused on the research of the New Third Board and the Beijing Stock Exchange for 10 years 🏆

The World Artificial Intelligence Conference opened in Shanghai, and Qinglong, Tesla Optimus II and other exhibits were exhibited one after another

On July 4, 2024, the World Artificial Intelligence Conference (WAIC 2024) opened in Shanghai, and the world's first full-size open source public version of the humanoid robot Qinglong was released on the spot. At present, the global humanoid robot market is in the early stage, mainly concentrated in Japan, the United States, Europe, China and other countries and regions with leading robot industry chains; Most of the products are still in the prototype or proof-of-concept stage, and have not yet achieved mass production and widespread commercial application. According to data from Huajing Industry Research Institute, the global humanoid robot market will reach US$1.5 billion in 2022 and is predicted to increase to US$13.8 billion by 2028, with a CAGR of about 44.75%. The humanoid robot industry chain is mainly composed of upstream components, midstream humanoid robot ontology and downstream terminal applications, and some core components have not been fully verified, so the localization of core components in the field of humanoid robots has a large space. Although the number of companies covering the concept of humanoid robots in the Beijing Stock Exchange is small, they are involved in the fields of reducers, motors, and lead screws. With the gradual advancement of the commercialization of humanoid robots, the Beijing Stock Exchange is expected to obtain new growth points on the business side of the forward-looking layout of related products. Key companies include: Dingzhi Technology has a layout of coreless motors, servo motors, precision reducers, T-shaped screws, ball screws, and planetary roller screws; Fengguang precision harmonic reducer full series of tooth design completed; Audiwell's hidden ultrasonic obstacle avoidance sensors, tactile sensors and other products are expected to empower humanoid robots; The PEEK materials of Huami New Materials and Fuheng New Materials are expected to reduce the weight of humanoid robots in the future; Wait a minute. This week, the share price of the new technology industry on the Beijing Stock Exchange has been lowered, with a median change of -4.04%

This week (July 1-5, 2024), 141 companies in the new technology industry on the Beijing Stock Exchange lowered as a whole, with a median range of -4.04%, of which 24 companies rose, with Hanxin Technology (+41.45%), Zecheng Electronics (+21.16%), Anhui Phoenix (+10.84%), Zhongcheng Technology (+8.67%), and Tianrun Technology (+8.30%) ranking among the top five gainers and losers. The weekly gains and losses of the BSE 50, CSI 300, STAR 50 and ChiNext indices were -2.39%, -0.88%, -1.86% and -1.65% respectively. This week, the median price-earnings ratio of 141 companies fell from 20.2X to 19.3X, the total market value decreased from 154.906 billion yuan to 149.780 billion yuan, and the median market value decreased from 834 million yuan to 803 million yuan.

The median P/E ratio of the fourth industry accelerated on Thursday, and the information technology fell to 25.8X (-7%)

The median value of PE TTM in intelligent manufacturing decreased from 19.1X to 18.2X, and the market value of Fengguang Precision (+2%) and Rongyi Precision (+2%) was among the top gainers. The median value of electronic PE TTM decreased from 21.0X to 20.1X, and the market value of Chengcheng Electronics (+21%) and Haosheng Electronics (+7%) rose and fell first. The median value of automotive PE TTM dropped from 15.5X to 15.0X, and the market value of Anhui Phoenix (+11%) and Bond (+1%) was among the top gainers. The median value of information technology PE TTM decreased from 27.8X to 25.8X, and the market value of Hanxin Technology (+41%) and Zhongcheng Technology (+9%) was the first to rise and fall. On Thursday, the median P/E ratio of the industrial sector accelerated its decline, with information technology falling to 25.8X (-7%).

Kerun Intelligent signed the "Agency Agreement" with MINKO, authorizing it to be the exclusive agent in Europe

Kerun Intelligent Control: Signed the "Agency Agreement" with MINKO ENERGY, S.L, authorizing it to be the company's exclusive agent in Europe, responsible for the sales and after-sales of the company's products in the region. Parallel Technology: It plans to purchase AI computing power servers from Shandong Zhengyun Information Technology Co., Ltd., Beijing Youwei Information and Communication Technology Development Co., Ltd., and Beijing Guoke Xinyi Technology Co., Ltd., and the procurement contract is expected to not exceed RMB127.9 million. Analyst:

诸海滨：S0790522080007

Zhao Hao: S0790522080002 Contact: Wan Xiao: S0790122090009 Report date: July 7, 2024

Risk warning: the risk of changes in the macroeconomic environment, the risk of market competition, and the risk of statistical error

1. The World Artificial Intelligence Conference exhibited humanoid robots such as Qinglong and Optimus II

On July 4, 2024, the World Artificial Intelligence Conference (WAIC 2024) opened in Shanghai, focusing on three major sectors: core technology, intelligent terminals, and application empowerment. This conference and exhibition will focus on building a humanoid robot area, exhibiting 25 humanoid robots, releasing the world's first full-size open source public version of the humanoid robot Qinglong, Tesla will launch the second generation of Optimus, and Unitree Technology will display the first full-size universal humanoid robot H1 in China that realizes the running function. Fourier, Mindmind, Yunshen Technology and other companies will also bring more than 20 intelligent robots.

"Qinglong" full-size open source public version of the humanoid robot: "Qinglong" is self-developed by Humanoid Robot (Shanghai) Co., Ltd., and has been approved as a provincial and ministerial-level Shanghai Humanoid Robot Manufacturing Innovation Center, and in May 2024, the Ministry of Industry and Information Technology awarded the national and local co-construction of the Humanoid Robot Innovation Center. The "Qinglong" humanoid robot is 185cm tall and weighs 80kg, with a highly bionic torso configuration and anthropomorphic motion control, supporting multi-modal maneuvering, multi-modal perception, multi-modal interaction and multi-modal control, with up to 43 active degrees of freedom throughout the body, the maximum joint peak torque of 400N.m, and the computing power supporting 400TOPs. At the same time, it has a high-mobility lower limb walking configuration, a lightweight and high-precision upper limb operation configuration, and supports four major movement functions: fast walking, agile obstacle avoidance, steady uphill and downhill, and impact interference resistance.

Tesla Optimus 2nd Generation: The 2nd generation Optimus debuted on December 13, 2023, and compared with its predecessor, its improvements include the following: it adopts actuators and sensors that are all designed and manufactured by Tesla; The overall appearance design is more refined; Walking speed increased by 30%; 10 kg of weight was reduced, while balance and body control were improved; Equipped with new hands, it is able to grasp heavier objects and perform more delicate maneuvers.

Unitree full-size general-purpose humanoid robot H1: Unitree launched Unitree H1 in 2023, which is the world's first full-scale electrically driven humanoid robot with in-situ backflip capability. It is about 180 centimeters tall, weighs about 47 kilograms, moves at a speed of up to 3.3 meters per second, and uses 360° panoramic depth perception technology to accurately perceive the depth information of the surrounding environment. It is also equipped with the M107 joint motor independently developed by Unitree, with a maximum joint torque of up to 360N·m, which can support the robot to complete complex actions and adapt to different terrains and walking states.

Development of humanoid robot industry

At present, the global humanoid robot market is in the early stage, mainly concentrated in Japan, the United States, Europe, China and other countries and regions with leading robot industry chains; Most of the products are still in the prototype or proof-of-concept stage, and have not yet achieved mass production and widespread commercial application. Companies that have launched prototypes/products include Honda of Japan, Boston Dynamics of the United States, Agile Robotics of the United States, UBTECH of China, Unitree Technology of China, Xiaomi of China and Tesla of the United States.

At this stage, the research and development of software and hardware technology of humanoid robots in mainland China has achieved remarkable results, and the development of hardware is slightly faster than that of software. Most of the released products focus on the "humanoid" of mechanical structures, which have relatively excellent sports performance. UBTECH is one of the few companies that has completed the mass production of servo drives from small torque to high torque (0.2Nm to 200Nm), and UBTECH Walker is also the first commercialized large-scale humanoid robot in China.

In 2023, humanoid robot manufacturers will target multiple downstream application scenarios in product research and development and market layout. From the perspective of the application planning of various manufacturers, in the short and medium term, humanoid robots will be mainly used in industrial manufacturing, warehousing and logistics, people's livelihood services and special applications; In the medium and long term, the goal of humanoid robots will be to enter thousands of households and provide related services for home scenarios.

In 2022, the global humanoid robot market will reach US$1.5 billion, and Huajing Industry Research Institute predicts that the market size will increase to US$13.8 billion by 2028, with a CAGR of about 44.75%. In terms of patents, the total number of patent applications for Chinese humanoid robot technology exceeded 6,000, surpassing Japan, South Korea, the United States and other countries, ranking first in the world; In terms of effective invention patents, it also ranks second in the world with nearly 1,700 patents. UBTECH, MindMind, Zhijiang Laboratory, Tsinghua University, Beijing Institute of Technology and other enterprises and universities are the main applicants for domestic humanoid robot technology patents.

Humanoid robot industry chain

The humanoid robot industry chain is mainly composed of upstream parts, midstream humanoid robot ontology and downstream terminal applications. Since humanoid robots have not yet achieved large-scale commercial implementation in downstream terminal applications, and the application of some core components in the field of humanoid robots has not been fully verified, the supply chain of humanoid robots in mainland China is still under construction.

There is a large space for localization of core components in the field of humanoid robots. The localization of components will provide more possibilities for humanoid robots in terms of performance, cost, reliability, safety and technological innovation, and help the industrialization process of humanoid robots.

The Beijing Stock Exchange is involved in the business of the three major parts of humanoid robots: reducer, motor and lead screw. We will sort out the concepts of the above three core components.

(1) Reducer: In the field of humanoid robots, reducers and motors, sensors, drives, etc. constitute joint actuators, and RV reducers, harmonic reducers, and planetary reducers have certain adaptability in the field of humanoid robots. At present, the mainland precision reducer industry has appeared green harmonics, rifle harmonics, Tongchuan precision, Han's precision, environmental technology, Zhongda and other enterprises, to a large extent to promote the localization process of precision reducer.

In terms of harmonic reducer: the substitution of domestic harmonic reducer is relatively obvious, and the harmonic reducer independently produced by the mainland has initially reached the international mainstream level in terms of performance and reliability.

RV reducer: due to the complex structure and technical process of RV reducer product than harmonic reducer, the core technology is still not fully mastered, although some enterprises have a certain RV reducer mass production capacity, but the industry as a whole and foreign advanced level is still far behind.

Planetary reducer: At present, the main participants in the market are foreign-funded manufacturers, joint ventures and domestic manufacturers, and their Chinese-made manufacturers are more focused on low-end applications, and foreign manufacturers still occupy the main market share in the field of high-end precision planetary reducers. The main representative manufacturers are Saiwei Transmission (Germany), Newcat (Germany), Wittenstein (Germany), Xinbao (Japan), Newgel Intelligence (China), Rost (China), Zhongda Germany (China), Newstar (China), Kefeng Intelligence (China), etc.

(2) Motors: Common motor types in humanoid robots include stepper motors, frameless torque motors, permanent magnet synchronous motors (PMSM), coreless motors, etc. Each of these motor types has its own characteristics and is suitable for different application scenarios.

In terms of stepper motors: the development of the mainland industry has been relatively mature, the company has continuously carried out research and development and innovation in technology, product performance and reliability have been continuously improved, and the gap with the international advanced level has been narrowed, forming a perfect industrial chain and supply chain.

In terms of frameless torque motors: the magnetic circuit and process design of frameless torque motors are important links that affect the torque density and power density of motors. After years of development, domestic companies such as Buke Co., Ltd., Hangzhou Sanxiang, Han's Motor and other companies continue to innovate, and the gap between the key parameters of the product and foreign companies has been narrowing, but there is still a gap between the torque density and foreign high-end frameless torque motors, and there is a large space for domestic market share improvement.

Coreless motor: foreign head enterprises occupy the main share of the market, which adopts one-time winding production technology, master the core technology of barrier coil winding design and processing, barrier winding equipment technology, domestic enterprises mainly use winding production, the process is more cumbersome, and the degree of automation is low, there is a large gap between the performance and the foreign advanced level, and the winding machine can generally only wind the coil with a smaller size, finer wire diameter and single shape, which can not meet the requirements of high-power coreless motor.

(3) Lead screw: According to the friction characteristics, the lead screw is divided into sliding screw, rolling screw and hydrostatic screw, among which the rolling screw has higher adaptability in the field of humanoid robots, including ball screws and planetary roller screws, which can be applied to the dexterous hands of humanoid robots, linear actuators and other parts. Limited by the cost of planetary roller screws, in the early stage of the industrialization of humanoid robots, or there will be a coexistence of ball screws and planetary roller screws two precision transmission solutions, with the continuous advancement of the industrialization process of humanoid robots, domestic planetary roller screw manufacturers are expected to further reduce costs through technological innovation and iteration, and planetary roller screws are expected to gradually replace ball screw precision transmission solutions.

In the field of high-end screws: there is still a certain gap between domestic products in terms of accuracy and reliability compared with foreign head enterprises, especially in the field of planetary roller screws, limited by technical limitations such as grinding and other processing technology, processing equipment, etc., foreign companies occupy the vast majority of the market share of planetary roller screws, although domestic planetary roller screws have a certain industrial base, such as Nanjing Technology, Bote Seiko, Xinjian Intelligence and other manufacturers have been able to produce planetary roller screws on a small scale. However, there is still a certain gap between the performance and foreign products, which is mainly reflected in efficiency, bearing capacity and accuracy.

Combing of humanoid robot concept stocks on the Beijing Stock Exchange

Although the number of companies covering the concept of humanoid robots in the Beijing Stock Exchange is small, with the gradual advancement of the commercialization of humanoid robots, the forward-looking layout of related products on the Beijing Stock Exchange is expected to obtain new growth points on the business side.

Key companies include: Dingzhi Technology has a layout of coreless motors, servo motors, precision reducers, T-shaped screws, ball screws, and planetary roller screws; Fengguang precision harmonic reducer full series of tooth design completed; Audiwell's hidden ultrasonic obstacle avoidance sensors, tactile sensors and other products are expected to empower humanoid robots; The PEEK materials of Huami New Materials and Fuheng New Materials are expected to reduce the weight of humanoid robots in the future.

END

[Open Source Technology New Industry] No.25 World Artificial Intelligence Conference to create a humanoid robot area, the Beijing Stock Exchange empowers motors, reducers and other fields - the Beijing Stock Exchange team

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