HK Stock Market Move | Siasun Robot&Automation concept stocks opened higher in the morning trading. Wang Xingxing said that many Siasun Robot&Automation companies have received huge orders. Institutions believe that the prospect of the industry landing is promising.

Siasun Robot&Automation concept stocks rose across the board in early trading. As of the time of writing, UBTECH ROBOTICS (09880) rose 6.29% to 84.5 Hong Kong dollars; XPENG-W (09868) rose 5.98% to 79.7 Hong Kong dollars; ROBOSENSE (02498) rose 4.12% to 37.9 Hong Kong dollars; DOBOT (02432) rose 3.72% to 71.05 Hong Kong dollars; JOHNSON ELEC H(00179) rose 3.58% to 14.48 Hong Kong dollars. On the news front, on May 10th, the 6th Shanghai Innovation and Entrepreneurship Youth Forum was held. CEO Wang Xingxing of Yushu Technology revealed in his speech that due to the market enthusiasm for humanoid robots and the government's attention, including Yushu, the development of humanoid robot enterprises is in good condition, with "many company orders exploding". It is worth noting that big factories such as Lenovo and Midea are accelerating their layout in humanoid robots. Midea claims that its independently developed humanoid robots will officially enter the washing machine factory in Jingzhou, Hubei in May for machine maintenance, equipment inspection, and handling scenarios; Lenovo's first "silicon-based employee" humanoid robot Lenovo Enjoy No.1 officially debuted. Huaxi stated that with increased industry policy support, breakthroughs in AI technology, and active deployment by domestic and foreign manufacturers, the preparatory stage for humanoid robot 0-1 is about to be completed, ushering in the accelerated production stages of 1-10 and 10-100. Driven by cost reduction demands, there is a strong demand for domestic substitutes for core components of humanoid robots, with a vast market space. Domestic enterprises that achieve breakthroughs first are expected to benefit deeply. In addition, Morgan Stanley is optimistic about humanoid robots. According to its latest research report, by 2050, global annual revenue for humanoid robots is estimated to reach nearly $50 trillion.