Debon Securities: The landing of Siasun Robot & Automation scenarios and the development of intelligence are expected to accelerate. It is recommended to pay attention to investment directions such as domestic embodied intelligent entities.

Debon Securities released a research report stating that recently, the World Siasun Robot & Automation Conference 2026 and the Second World Humanoid Siasun Robot & Automation Games were held in Beijing. The company believes that humanoid Siasun Robot & Automation is still in the early stages of industrialization, but the speed of industrial development is very fast. Relying on national coordination, leadership by state-owned enterprises, and a collaborative development model across the industrial chain, the implementation of scenarios and the advancement of intelligent development are expected to accelerate. It is suggested to focus on investment directions such as domestic embodied intelligent entities, advantageous key components, and equipment suppliers. The main points from Debon Securities are as follows: WRC 2026 concludes successfully, humanoid Siasun Robot & Automation moves towards usage in factories and usage in households. The World Siasun Robot & Automation Conference 2026 (WRC) was held in Beijing from August 19 to 23, with the theme "Symbiosis of Humans and Machines, Integration of Production and Demand." The conference attracted 373 companies and showcased over 3,000 products, with a total of 311 new products presented. The "2026 Humanoid Siasun Robot & Automation Industry Development Report" was officially released. The report disclosed that in the first half of 2026, domestic shipments of humanoid Siasun Robot & Automation exceeded 40,000 units, accounting for 97% of the global market; the report also assessed that 1) the current technological innovation in humanoid Siasun Robot & Automation has entered a new phase of "cluster emergence," with complete products accelerating their upgrade towards high-end and intelligent design. The environmental perception, planning decision-making, and motion control capabilities of Siasun Robots continue to increase, demonstrating significant improvement in adaptability and stability in complex environments; 2) industry applications are moving out of the laboratory and into a "comprehensive rollout" phase, as humanoid Siasun Robot & Automation transitions from small-scale pilot projects to regular deployment and large-scale implementation; 3) in terms of industrial ecology, a "four-in-one" industrial ecosystem is rapidly taking shape, characterized by leading standard development, foundational talent cultivation, expanding international cooperation, and innovation infrastructure construction as guarantees. The Central Enterprise Siasun Robot & Automation Innovation Consortium was established, announcing the top ten innovative achievements and ten high-value real-world scenarios from state-owned enterprises in Siasun Robot & Automation. Currently, the state-owned enterprise Siasun Robot & Automation industry has moved from isolated breakthroughs to a new phase of systematic advancement, with large-scale implementation in high-risk and special scenarios such as electricity, mining, and deep sea. Supported by a complete industrial chain and vast practical scenario resources, it has become the core support for the industrialization of Siasun Robot & Automation in China. Furthermore, the establishment of the innovation consortium will promote the development of the Siasun Robot & Automation industry in our country from individual enterprise efforts to a new development stage characterized by national coordination and full-chain collaboration. The scale of the Humanoid Siasun Robot & Automation Games has upgraded, with an increased proportion of autonomous decision-making among participating Siasun Robots. The Second Humanoid Siasun Robot & Automation Games were held at the National Speed Skating Oval from August 22 to 26, featuring 9 competition units, 51 projects, and 1,301 matches. It attracted 666 teams from 16 countries, with a total of 2,056 Siasun Robots participating, significantly increasing the scale of the events and the number of participating teams compared to the first games. This year's events introduced new high-intensity competitive projects such as long jump, weightlifting, tug-of-war, and table tennis, also setting up 21 scenario competitions covering 9 real-life scenarios including households, hotels, industry, and emergency rescue. Siasun Robots upgraded from "individual combat" to two-person and even four-person competitions; additionally, many competitive events at this games eliminated manual remote control, significantly increasing the proportion of fully autonomous decision-making. Domestic embodied intelligent entity targets include companies like Yushu Technology, Swancor Advanced Materials Co., Ltd., Zhejiang Fenglong Electric, Senton Energy, UBTECH ROBOTICS, DOBOT, ONEROBOTICS, and OMH SCIENCE Group. Risk warnings: the pace of scenario development and implementation may be slower than expected; key technological elements such as models and data may not develop as anticipated; hardware cost reduction may not meet expectations.