Shares of Chinese robotics companies experienced a significant surge in value following the release of official guidance on the development of the humanoid robots industry. Analysts believe that this move indicates forthcoming supportive policies.
During early trading on mainland bourses on Friday, over a dozen companies in the sector witnessed gains. Guangzhou Haozhi Industrial and Ningbo Zhongda Leader Intelligent Transmission led the way, reaching their daily limits with 20% and 10% increases, respectively. Other notable gains include Shanghai Anlogic Infotech, a reduction gear company, jumping by 4.3%, Zhejiang Shuanghuan Driveline advancing by 4.0%, motor company Kinco Automation (Shanghai) adding 12%, and encoder producer Shenzhen Inovance Technology putting on 4.2%.
The boost in share prices came after China's Ministry of Industry and Information Technology unveiled guidance that outlined three- and five-year strategic plans for the development of humanoid robots. The ministry highlighted its goal of "cultivating" two to three companies to emerge as global industry leaders by 2025, while also encouraging small and medium-sized companies to pursue specializations within the field. Furthermore, it emphasized the need for a robust supply chain to be established by 2027.
According to the document, "Humanoid robots could become another product of disruptive innovation after computers, smartphones, and new energy vehicles." This statement underscores the potential impact and significance of humanoid robots in the near future.
The Rising Potential of China's Humanoid Robot Industry
China is quickly becoming a prominent player in the humanoid robot industry. While there are currently only a few Chinese companies producing full humanoid robots, there is a significant presence in manufacturing key components such as motors, sensors, reduction gears, and encoders.
In a recent research note, Citic Securities analysts led by Ruipeng Li and Haibo Liu expressed optimism about the potential for the future development of China's humanoid robot industry. They believe that the government's guidance signifies forthcoming supportive policies.
According to the analysts, this guidance provides a clearer direction for future industrial policy support, effectively stimulating and supporting the growth of China's humanoid robot industry. Additionally, they have identified Harbin Boshi Automation, Xiaomi, and XPeng as noteworthy companies poised to benefit from the government's goal of achieving global success in this field.
Another analyst, Zhen Yang from Orient Securities, also shares an optimistic outlook on the sector's development. He highlights the increasing opportunities for localizing the production of core components and high-end equipment, which could significantly boost the industry's growth.
The government's guidance has been viewed as a significant milestone by Huafu Securities analysts Wei Deng and Baolai You. They believe it will serve as a catalyst for technology competition and enhance the development of supply chains within the industry.
Overall, China is positioning itself as a major player in the rapidly expanding humanoid robot sector. With government support and the capabilities of key companies, the country has great potential to achieve global success in this field.
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