Debon Securities: The implementation of robot scenarios and intelligent development are expected to accelerate, and suggestions focus on investment directions such as domestically produced self-made smart devices
The Zhitong Finance App learned that Debon Securities released a research report saying that recently, the 2026 World Robotics Conference and the 2nd World Humanoid Robot Games were held in Beijing. The bank believes that humanoid robots are still in the early stages of industrialization, but the industry is developing very fast. Relying on national coordination, central enterprise leadership, and industrial chain collaborative development models, scenario implementation and intelligent development are expected to accelerate. It is recommended to focus on investment directions such as domestically produced smart devices, superior card parts, and equipment shovel stocks.
The main views of Debon Securities are as follows:
WRC 2026 came to a successful conclusion, humanoid robots are moving towards “use” in factories and “use” in households
The 2026 World Robotics Conference (WRC) was held in Beijing from August 19 to 23. With the theme of “Human-robot symbiosis, integration of production and demand”, the conference attracted 373 companies and more than 3,000 products to participate in the exhibition. A total of 311 new products appeared at the conference.
The 2026 humanoid robot industry development report was officially released. The report revealed that in the first half of 2026, domestic humanoid robot shipments exceeded 40,000 units, accounting for 97% of the world; the report judged that 1) Currently, humanoid robot technology innovation has entered a new stage of “cluster emergence”, whole machine products are being upgraded to high-end and intelligent upgrading, robot environment perception, planning and decision-making, and motion control capabilities continue to be enhanced, and adaptability and stability in the face of complex environments have improved markedly; 2) Industry applications are leaving the laboratory and entering a “full roll-out” deep-water zone, where humanoid robots bid farewell to small-scale deployment and large-scale implementation; 3) In terms of ecology, A “four-in-one” industrial ecosystem led by standard development, based on talent cultivation, expanded by international cooperation, and guaranteed by innovative infrastructure construction, is taking shape at an accelerated pace.
The Central Enterprise Robotics Innovation Consortium was established to release the top ten innovative achievements of central enterprise robotics and the top ten high-value real scenarios. Currently, the robotics industry of central enterprises has moved from a single-point breakthrough to a new stage of systematic promotion. Large-scale implementation has been achieved in high-risk special scenarios such as electricity, mining, and deep sea. Relying on a complete industrial chain and massive real-world operating conditions resources, it has become the core support for the industrialization of robots in China. Furthermore, the launch of the innovation consortium will push China's robotics industry from a single enterprise to a new stage of development of national coordination and full-chain collaboration.
The scale of the humanoid robot games has been upgraded, and the proportion of participating robots making independent decisions has increased
The 2nd Humanoid Robot Games was held at the National Speed Skating Hall from August 22 to 26. It included 9 competition sections, 51 events, and 1,301 games. It attracted 666 teams from 16 countries, with a total of 2,056 robots participating. The scale of the competition and the number of participating teams increased significantly compared to the first competition.
High-intensity competition events such as long jump, weightlifting, tug-of-war, and table tennis have been added to this year's tournament. At the same time, 21 scene events have been set up, covering 9 real scenes, including families, hotels, industry, and emergency rescue. Robots have been upgraded from “individual combat” to double or even four-person competition; in addition, many competitions at this Games have abolished manual remote control, and the proportion of fully autonomous decision-making has increased dramatically.
Domestic smart targets: Yushu Technology, Shangwei New Materials, Fenglong Co., Ltd., Shengtong Energy, Premium Choice, Yuejiang, Woan Robotics, Dongjie Intelligence, etc.
Risk warning: Scenario development implementation progress falls short of expectations; development of key technical elements such as models & data falls short of expectations; hardware cost reduction falls short of expectations, etc.