Securities Firm Morning Meeting Highlights: Robots Benefit from Technological Iteration and Industrialization

Why is mass production of AI and robot motors a key breakthrough for the industry?

Caixin, March 17 — Yesterday, the market bottomed out and then rebounded, with the Shenzhen Composite Index closing in the green and the ChiNext Index rising over 1%. The combined trading volume of Shanghai and Shenzhen markets reached 2.33 trillion yuan. Sector-wise, storage chips, deep-sea technology, PCBs, and shipping performed actively. Declining sectors included energy storage, green electricity, and coal. At the close, the Shanghai Composite fell 0.26%, the Shenzhen Component Index rose 0.19%, and the ChiNext Index increased 1.41%.

Huatai Securities believes that robots benefit from technological iteration and industrialization; CITIC Securities states that ongoing policy implementation is warming the market again; China International Capital Corporation (CICC) recommends focusing on “industrial development” rather than “immediate deployment.”

Huatai Securities: Robots Benefit from Technological Iteration and Industrialization

Currently, domestic and international robot manufacturers have entered a critical stage of mass production breakthrough. It is estimated that by 2030, the global market for humanoid robot motors could reach 91.76 billion yuan. The barriers to mass production of robot motors are high, giving leading companies an advantage in the industry. Humanoid robots require motors with highly balanced performance indicators, and mass production will test companies’ stable delivery capabilities. Leading firms, leveraging R&D and supply chain strengths, will gain significant advantages. The market believes that foreign motor companies have a clear first-mover advantage, with R&D and technical capabilities that put them on equal footing with domestic firms in the humanoid robot field. Domestic motor companies have advantages in response speed and cost control; some have already delivered samples to top global robot manufacturers, with key parameters matching overseas products. It is recommended to watch for manufacturers of dexterous hand motors and joint motors.

CITIC Securities: Policy Implementation Continues, Market Rebounds and Warming Up

This week, multiple real estate policies were introduced, focusing on key areas such as renovation of existing buildings, old community upgrades, complete community construction, and urban function improvement, with eight key tasks outlined. Weekly sales of new and second-hand homes declined year-over-year; first-time home sales decreased month-over-month, while second-hand sales rebounded. The sales cycle has lengthened. Stable property developers remain a focus for investment; it is advised to pay attention to leading developers with solid finances and good performance, who can effectively respond to market fluctuations under the current policy environment. Additionally, as market demand recovers, property management companies are also expected to see performance and valuation improvements.

CICC: Focus on “Industrial Development” Rather Than “Immediate Deployment”

Investment strategies for future and emerging industries differ. Most sectors are still in the very early stages in the A-share market. It is recommended to focus on “industrial development” rather than “immediate deployment.” In the short to medium term (about a year), investors should monitor the progress of future industries but avoid rushing into immediate investments, as current asset prices may not match corporate development risks. In the long term (over a year or more), as industries develop, application routes become clearer, more excellent companies emerge, and competition patterns become more defined, further investment opportunities can be explored.

(Caixin)