Ningbo Tuopu Group (601689)
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Ningbo Tuopu Group (601689) News
BOCI: Generalization capabilities of large models represent the primary commercialization bottleneck for robotics; maintains sector outperform rating.
It is advisable to focus on core component segments that can deliver orders and revenues first.
Oriental Securities: Domestic auto demand is expected to see marginal improvement, and some companies will undergo valuation recovery.
With automakers progressively refining their diversified export market布局 and local production capacity coming online, passenger vehicle exports are still expected to maintain robust growth in the second half of the year.
Unitree Robotics launched its subscription on August 10! The Tianhong Robotics ETF (159770), the largest robot-themed ETF by scale on the Shenzhen Stock Exchange tracking the same index, saw its underlying index surge by 5%, with net fund inflows reaching
Gelonghui, July 31 — A-share markets rose on higher trading volume, with the robotics sector leading gains. Shares of Orbbec-W, Harmonic Drive Systems, Risong Technology, Haozhi Electromechanical, Tianzhun Technology, and Topstar surged over 10%, driving the underlying index of the Tianhong Robotics ETF (159770) up more than 5%. The Tianhong Robotics ETF (159770) has continued to see net inflows, accumulating RMB 9.27 billion in net fund inflows over the past 20 trading days. Its latest assets under management stand at RMB 57.55 billion, making it the largest among Shenzhen-listed ETFs tracking the same benchmark. The ETF tracks the CSI Robotics Index, which provides comprehensive exposure across the entire robotics value chain—from core components and robot manufacturing to system integration and machine vision/AI interaction—and is weighted accordingly.
BOCOM International: Embodied Intelligence Moves from Demonstration to Deployment, with Industrial Applications and Physical AI Accelerating Validation
From a supply chain perspective, investment opportunities will gradually expand from core concepts to operational capabilities and production line integration, but component suppliers’ earnings will still depend on securing mass production orders.
Guolian Minsheng Securities: AI + Automotive Accelerates Evolution, with Intelligent Driving, Robotics, and Globalization Resonating Synergistically
Overseas gas generator manufacturers are experiencing strong order backlogs, and their accelerated capacity expansion is aligning with the high demand driven by AIDC. The diesel generator market is characterized by foreign industry leaders maintaining dominance, while domestic players are rapidly gaining ground.
Express News | The humanoid robot concept experienced volatility and adjustment, with Estun Automation hitting the daily trading limit down.
Express News | The humanoid robot concept performed actively, with Jilun Intelligent surging straight to its daily trading limit.
The robotics sector surged across the board, with strong interim earnings supporting a rebound in AI-related semiconductors.
Track the entire lifecycle of the mainline sector.
Robotics sector surges! Unitree Technology's STAR Market IPO registration becomes effective.
On July 2, the China Securities Regulatory Commission (CSRC) disclosed that it had approved YouShu Technology Co., Ltd.'s application for initial public offering (IPO) registration. Boosted by this news, the robotics sector on the A-share market surged significantly in the afternoon session. More than 40 stocks, including Lvdi Harmonic, Tuopu Group, Joyson Electronics, Guangyang Shares, and Fengguang Precision, hit their daily trading limits, while dozens of others—including Wanda Bearing, Haozhi Electromechanical, Fengli Intelligent, and Orbbec—rose by more than 10%.
Unitree Robotics races to become the first humanoid robot company listed on the stock exchange! The CSI Robotics ETF (159770), the largest Shenzhen-listed ETF tracking a robotics index, saw its benchmark index surge by 4.6%, attracting 31.5 million subscr
Gelonghui, July 3 | On July 1, the robotics sector gained strength in early trading, driven by a cluster of IPO filings from robotics companies. Component stock Lvdi Harmonic surged over 12%, followed by Top Group and Inovance Technology, propelling the underlying index of the Tianhong Robotics ETF (159770) to a 4.68% gain with turnover exceeding RMB 189 million. During the session, the ETF received substantial subscriptions totaling 31.5 million units. The Tianhong Robotics ETF (159770) tracks the CSI Robotics Index, offering comprehensive exposure across the entire industrial chain—spanning core components, whole-machine manufacturing, system integration, and machine vision/AI interaction—with constituent stocks comprising leading firms from each subsector.
Daiwa: In the humanoid robot supply chain, body joints and dexterous hand actuators offer the most actionable investment opportunities; top picks are Tuopu, Minth, and Sanhua.
Daiwa published a report stating that actuators represent the largest component of material costs in humanoid robots, accounting for an estimated 40–50%. The firm believes that within the current humanoid robot supply chain, actuators for body joints and dexterous hands represent the most investable segment at the hardware level. The report notes that actuator design for humanoid robots is entering an early standardization phase, though architectural choices have not yet fully converged. Currently, rotary actuators remain the dominant solution due to their mature supply chain, compact structure, and relatively lower cost; whereas linear actuators (
Anhui plans to establish a RMB 10-billion robotics fund cluster; the underlying index of the Tianhong Robotics ETF (159770) surged 3%, attracting RMB 188 million in net inflows over the past five days.
Gelonghui, June 15 | The humanoid robotics sector extended its gains in the afternoon session, with the underlying index of Tianhong Robotics ETF (159770) surging by 3.043%. The ETF has seen net inflows of RMB 1.88 billion over the past five trading days. Tianhong Robotics ETF (159770) tracks the CSI Robotics Index, providing investors with a comprehensive investment vehicle covering the entire robotics industry chain—from artificial intelligence hardware terminals to upstream and downstream segments. Its portfolio includes leading companies across various sub-sectors, such as Lvdaharmonic, Inovance Technology, Han's Laser, Tuopu Group, and Supcon Technology. The ETF’s latest tradable asset size stands at RMB 6.445 billion.
A wave of price cuts in robotics has begun, with the Shenzhen-listed Tianhong Robotics ETF (159770)—the largest ETF by underlying assets in its category—seeing its benchmark index surge nearly 4% intraday and recording net inflows over the past five tradi
Gelonghui, June 12 | The robotics sector surged strongly, with Tianzhun Technology, Supcon Technology, and Jingpin Tezhuang rising more than 12%, while Keli'er and Efort-U climbed over 8%, driving the underlying index of the Tianhong Robotics ETF (159770) to jump nearly 4% intraday. Over the past five trading days, the Tianhong Robotics ETF (159770) has recorded cumulative net inflows of RMB 64.42 million. The Tianhong Robotics ETF (159770) tracks the CSI Robotics Index, covering the upstream and downstream segments of the artificial intelligence hardware terminal and robotics industry chain, offering investors a comprehensive investment vehicle spanning the entire robotics value chain from hardware to software, with major holdings including Hui
The 'hard infrastructure' logic underpinning robotics and communications has been further reinforced, with ChinaAMC Robotics ETF (562500), the largest robotics ETF by scale, attracting over RMB 500 million in inflows over two days, and ChinaAMC Communicat
Gelonghui, June 10 | Technology stocks experienced volatility today, with the ChinaAMC Robotics ETF (562500) down 4.41% and the ChinaAMC Communications ETF (515050) down 3.27%. Despite intraday fluctuations, fund flows remained robust—the ChinaAMC Robotics ETF (562500) attracted net inflows for two consecutive days, totaling RMB 518 million; the ChinaAMC Communications ETF (515050) recorded net subscriptions for five straight days, with cumulative inflows of RMB 18.3 billion. On the news front: ① Two government agencies have launched a special initiative on real-scenario training: The Ministry of Industry and Information Technology (MIIT), in collaboration with the State-owned Assets Supervision and Administration Commission (SASAC), is promoting humanoid robots and embodied intelligence into factory workshops.
Two government departments jointly launched embodied intelligence field training. ChinaAMC Robotics ETF (562500), the largest robotics ETF by scale, has gained 27% cumulatively since April 8 and attracted RMB 3 billion in a single day.
Gelonghui, June 9 — Humanoid robots have recently delivered strong performance. As of the midday close, the ChinaAMC Robotics ETF (562500) has risen 27.72% cumulatively since April 8, with RMB 302 million in net inflows recorded yesterday alone. The repeated strength in the humanoid robotics sector stems not merely from 'thematic catalysts,' but rather from coordinated momentum across policy, capital, and industry: ① Government ministries are acting jointly to move embodied intelligence from 'demonstration' to 'real-scenario training.' The Ministry of Industry and Information Technology (MIIT) and the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) have jointly launched the 2026 Special Action Plan for Real-Scenario Training of Humanoid Robots and Embodied Intelligence, aiming to continuously refine embodied intelligence model algorithms through real-world scenario training and accumulate high-quality, real-machine data.
Jensen Huang bets on 'physical AI,' as ChinaAMC's robotics ETF (562500), the largest of its kind, rebounds from intraday lows to gain over 1%, aiming for a fifth consecutive daily gain.
Gelonghui, June 8 — The technology sector of A-shares initially extended its losses in early trading before gradually stabilizing. Greenland Harmonic rose over 8%, while the ChinaAMC Robotics ETF (562500) rebounded from an early 2% decline to gain more than 1%, pushing toward a fifth consecutive day of gains. The ChinaAMC Machine Tool ETF (159663) also advanced by 0.29%. The key catalyst for the sector stems from systematic bets by global AI computing leaders on embodied intelligence—translating conceptual interest into supply-chain-level industrial actions: ① Jensen Huang officially announced a collaboration with LG, directly targeting core bottlenecks in humanoid robots. NVIDIA CEO Jensen Huang revealed that the company is working with South Korea’s LG Electronics on motor drives and humanoid robots.
BYD officially announced its entry into the humanoid robotics sector, driving a nearly 4% surge in China's largest robotics ETF, Huaxia (562500), with trading volume exceeding RMB 1.2 billion.
Gelonghui, June 5 | The A-share robotics sector rose sharply in the afternoon session, with Lvdi Harmonic surging by the 20% daily trading limit, while Orbbec and Sanfeng Intelligent both gained over 14%, driving a 3.9% surge in the ChinaAMC Robotics ETF (562500). Trading volume reached RMB 1.211 billion, with a turnover rate of 6.6%, reflecting active market participation. The sector's recent strength stems from a confluence of major catalysts, including accelerated IPO progress of flagship companies, collaborations with tech giants, and entry by industrial leaders. ① Unitree Robotics' 'lightning-fast approval': On June 1, leading humanoid robotics firm Unitree Robotics successfully passed its STAR Market IPO review, taking only 73 days from application submission to approval.
Stock Price Under Pressure; Investors Say They're 'Severely Hurt' — Tuopu Group: Institutional Forecasts Do Not Represent Company Performance Commitments | Live from Earnings Briefing
① In response to key concerns such as share price stabilization, the mass production timeline for robots, and liquid cooling orders, the company repeatedly replied with statements like “Please refer to official announcements” or “This involves commercial confidentiality.” ② The company reported that its robot-related business made solid progress in Q1, and it currently has collaborative projects with multiple leading global robotics manufacturers. ③ The company noted that its Phase I factory in Mexico is now fully operational, Phase II of its Poland facility is under planning for expansion, and its Phase I factory in Thailand is scheduled to commence operations this year.
Goldman Sachs' Major Forecast: The Next Phase of AI Will Shift from Chips to Humanoid Robots
Goldman Sachs believes the AI investment narrative is shifting from infrastructure to the application layer, with humanoid robots emerging as a core focus area. Due to the accelerated integration of Vision-Language-Action (VLA) models and world models, Asia-Pacific robotics companies are experiencing an early-cycle opportunity, trading at a median price-to-earnings ratio 21% lower than their U.S. counterparts, highlighting their relative value. However, constrained by the scarcity of real-world data, most initiatives remain in the proof-of-concept stage, with large-scale commercial deployment expected between 2027 and 2029.
Unitree Robotics is racing to become the first humanoid robotics company listed on the stock exchange, while ChinaAMC Robotics ETF (562500) attracted RMB 444 million in a single day, ranking first among its peer ETFs.
GLONDSH May 26 | The humanoid robot sector rose in early trading, with Zhongda Lide hitting the daily trading limit, Lvdi Harmonic Drive gaining over 4%, and ChinaAMC Robotics ETF (562500) up 0.58%. The ChinaAMC Machine Tool ETF (159663) traded with volatility, down 1%. These two ETFs have recently attracted significant capital inflows: the ChinaAMC Robotics ETF (562500) recorded net inflows of RMB 444 million yesterday, ranking first among its peers and marking its second consecutive day of net subscriptions; meanwhile, the ChinaAMC Machine Tool ETF (159663) has seen inflows for five consecutive days, totaling RMB 898.9 million. The sector’s sustained momentum is primarily driven by landmark companies such as