机器人产业跟踪：海外人形机器人即将落地板块格局确定性有望上升_老虎社区_美港股上老虎

机器人产业跟踪：海外人形机器人即将落地板块格局确定性有望上升

东方证券股份有...08-31

海外人形机器人即将落地，板块的确定性有望上升。此前，市场看到较多零部件公司纷纷推出人形机器人产品，因此担忧市场格局的不确定性，但我们认为随着特斯拉V3 机器人的落地，技术路线和供应链有望在Q4 收敛，并为板块注入确定性。特斯拉V3 机器人有望于Q4 落地。我们看到特斯拉Q2 财报电话会明确机器人进展节奏，马斯克表示第三代人形机器人Optimus 原型将在3 个月内完成，并计划在26年初开始生产，...

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行业等成熟行业的发展路径，整机厂对供应链的管理能力是其提升份额的重要竞争力，而集中的供应链将减少管理难度，因此我们预计行业内的供应链即将走向集中，也有助于提升板块格局的确定性。在此过程中，我们认为那些已经在汽车、工程机械等行业内证明了优秀制造管理能力的公司有望获得更高份额。我们认为随着海外特斯拉机器人的落地，人形机器人板块格局的确定性有望上升，并带来板块投资机会。我们建议关注具备优秀制造和管理能力的零部件企业，建议关注：拓普集团(601689，买入)、三花智控(002050，买入)、五洲新春(603667，买入)、恒立液压(601100，未评级)、震裕科技(300953，买入)。风险提示产品降价风险、场景需求落地不明确导致低于预期、国家政策变化导致行业发展放缓、海外龙头厂商生产不及预期、行业融资不及预期、模型发展和数据采集慢于预期。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}