Nine consecutive daily limit up movements! ZHIYUAN ROBOT has set the market on fire.

The first wave of layout and investment in the humanoid robot industry chain has been completed. In the next 8 - 12 months, it depends on how these companies can penetrate into various scenarios, prove the value of productivity or emotional companionship, and make target enterprises or consumers willing to pay.

01

The acquisition of Shangwei New Materials by Zeyuan Robotics has detonated the capital market.

On July 21st, Shangwei New Materials hit the 20% daily limit again. At the close, its stock price reached the daily limit price of 40.16 yuan per share. A reporter from Science and Technology Innovation Board Daily noticed that from July 9th to 21st, in these 9 trading days, Shangwei New Materials' stock price has continuously achieved 9 daily limit boards, with a cumulative increase of over 400%.

On the evening of July 8th, Shangwei New Materials issued an announcement stating that Zeyuan Robotics plans to acquire at least 63.62% and at most 66.99% of the listed company's shares, with a maximum total transaction price of 2.1 billion yuan. After the completion of this equity transaction, the controlling shareholder of Shangwei New Materials will be changed to an entity jointly held by Zeyuan Robotics and its management team, and the actual controller will be changed to Deng Taihua. The core team includes Zhi Huijun.

Before the suspension of trading, Shangwei New Materials' closing price was 7.78 yuan per share. The share transfer price and tender offer price for this time are also determined at 7.78 yuan per share. Now, Shangwei New Materials' stock price has risen to over 40 yuan per share, more than 5 times the above - mentioned share transfer and tender offer price. Calculated in this way, the acquirer, Zeyuan Robotics, has a substantial book floating profit. The value of the equity it plans to acquire has exceeded 10 billion yuan, with a floating profit of over 8 billion yuan.

In addition to Zeyuan Robotics, another star robot company, Unitree Robotics, is also accelerating its capital layout. On July 18th, the official website of the China Securities Regulatory Commission showed that Unitree Robotics has started the listing guidance process, with CITIC Securities as the guidance institution.

02

A reporter from Science and Technology Innovation Board Daily noticed that humanoid robot companies are entering a business harvest period, but the industry may face differentiation.

Shortly after the announcement of Shangwei New Materials, Zeyuan Robotics and Unitree Robotics won a 124 - million - yuan humanoid robot order. This is a procurement project for the OEM service of humanoid bipedal robots from 2025 to 2027 by China Mobile (Hangzhou) Information Technology Co., Ltd. Among them, Zeyuan Robotics won the bid for full - size humanoid robots with 78 million yuan, and Unitree Robotics won the bid for small - size humanoid robots, computing power backpacks, and five - finger dexterous hands with 46.05 million yuan.

UBTech, a robot company listed on the Hong Kong Stock Exchange, also won a nearly 100 - million - yuan humanoid robot procurement order recently, which is a 90.5115 - million - yuan robot equipment procurement project by Miyi (Shanghai) Automotive Technology Co., Ltd.

An expert in the robot industry told a reporter from Science and Technology Innovation Board Daily that robot companies will face a split in the future. "Whether they can get large orders and continuously generate revenue to achieve a closed - loop of commercial value will determine their future development path."

In the view of Tian Feng, the dean of the Fast Thinking and Slow Thinking Research Institute, the first wave of layout and investment in the humanoid robot industry chain has been completed. In the next 8 - 12 months, it depends on how these companies can penetrate into various scenarios, prove the value of productivity or emotional companionship, and make target enterprises or consumers willing to pay.

It can be said that the next 12 months will be a test for robot companies to increase their production volume. The entire humanoid robot industry chain, including the whole machine, dexterous hands, joint motors, etc., needs to increase production volume to support the next - step development of enterprises, whether it is for IPO listing or creating a support point for the next round of financing valuation, Tian Feng said.

Regarding the specific volume increase figure, Tian Feng believes that if the delivery volume can reach 1,000 units, it means the company belongs to the leading humanoid robot companies, and the target for next year may be 2,000 - 3,000 units. "Note that it is the delivery volume, not the orders. Orders may take several years to be delivered," Tian Feng emphasized.

Overseas, Tesla has ambitiously set a goal of delivering 5,000 humanoid robots this year. Tian Feng analyzed that to achieve implementation, robot companies should first penetrate specific scenarios.

Don't talk about generalized scenarios first, but start from specific scenarios. Whether in retail stores, factories, or families, there must be a scenario penetrated to increase production volume. For example, Unitree Robotics has achieved a 60% - 70% global market share in the sales of robotic dogs and has become a category killer. Other companies also need to have their own hematopoietic and blood - replenishing capabilities to provide continuous funds for the long - term R & D investment in humanoid robots.

This article is from the WeChat official account "Science and Technology Innovation Board Daily", author: Huang Xinyi. It is published by 36Kr with authorization.