This year's government work report will include "embodied intelligence" and "intelligent robots" in important deployments, and propose to cultivate future industries and promote industrial integration and development. On March 18, the prototype of Midea Group's humanoid robot was exposed for the first time, and it has made phased progress in the research and development of humanoid robot parts and complete machines. It is reported that this robot can complete a variety of actions such as shaking hands, handing water, opening bottle caps, and screwing, and can complete more complex tasks by understanding voice commands. Not only Midea Group, the reporter observed that with the support of policies, a number of Shenzhen-listed companies are also deeply cultivating the industrial chain and exploring new space for growth.
The joint actuator is a key component of the hardware system of the humanoid robot. Focusing on this core area, a number of Shenzhen-listed companies, including Sanhua Intelligent Control, Inovance Technology, and Gootech Technology, have begun to bear fruit in recent years. For example, the focus is on the bionic robot electromechanical actuator business, and its humanoid robot actuator production line has entered the trial production stage. Goodtech is deeply engaged in the field of motion control, providing controllers, servo systems and intelligent equipment solutions, and its multi-axis collaborative control technology can adapt to the complex motion scenarios of humanoid robots, which has been applied to industrial robot scenarios and gradually extended to the humanoid field.
In terms of the core component reducer, according to reports, the double-ring transmission is currently leading in the field of precision gears, and the RV reducer products can be adapted to Tesla Optimus and other models. In 2024, it will jointly build a "Humanoid Robot Joint Laboratory" with UBTECH and enter the supply chain of Boston Dynamics.
Since 2008, we have been developing reducers, and we have sold planetary reducers, RV reducers, and harmonic reducers in batches. The company takes core components such as precision reducer and geared motor and intelligent actuator components as its main products, forming an integrated product architecture of "reducer + motor + drive", providing safe, efficient and precise power transmission and control application solutions for various industrial automation and intelligent manufacturing equipment.
In the field of humanoid robots, Everwin Precision, another core supplier of precision structural parts, also accurately lays out key components such as joint gears, bearings, and joint sensors. At present, the company has entered the supply chain of Tesla and Figure AI, and the yield rate of its humanoid robot joint module is 95%, and the order volume will exceed 100,000 sets in 2025. In addition, with the core design capabilities of flexible sensors and arrays such as pressure, piezoelectric, strain, and fabric, Hanwei Technology has also provided electronic skin and fingertip sensors to a number of robot manufacturers.
Benefiting from the business development in the field of humanoid robots, a number of Shenzhen-listed industrial chain companies have also shown resilience in terms of performance. Among them, affected by the growth of orders, Sanhua Intelligent Control achieved operating income of 20.563 billion yuan in the first three quarters of 2024, a year-on-year increase of 8.36%; The net profit was 2.302 billion yuan, a year-on-year increase of 6.59%. Affected by the growth of orders driven by the upgrading of intelligent manufacturing, Gootech achieved a cumulative operating income of 296 million yuan in the first three quarters of 2024, a year-on-year increase of 10.32%; The net profit was 29 million yuan, a year-on-year increase of 0.22%. Shuanghuan Transmission expects the company to achieve a net profit of 1.002 billion yuan in 2024, a significant increase of 24.76% year-on-year. According to the 2024 annual performance report, Changying Precision achieved a total operating income of 16.917 billion yuan in the reporting period, a year-on-year increase of 23.28%, and a net profit attributable to shareholders of listed companies of 769 million yuan, a year-on-year increase of 796.99%.