Goldman Sachs expects the shipment target of humanoid robot companies to grow several times, urging a buy on Sanhua

Goldman Sachs published a research report indicating that its research team recently visited eight unlisted AI robotics-related companies located in Hangzhou, Shanghai, and Shenzhen, and communicated with corporate executives. It is currently observed that the humanoid robot industry is clearly moving towards the commercial deployment of "special purposes," with products focusing on achievable task planning, mobility, and interaction capabilities. It is expected to form more reliable and immediate deployments in specific vertical application areas, such as security patrols, guidance, reception services, and logistics tasks like picking and simple item classification within factories.

The bank stated that the pragmatic development direction of the industry, combined with encouraging progress in motion control technology and rapidly iterating product cycles, is enhancing the ability of humanoid robots to perform specialized tasks, driving the target shipment volume of enterprises to potentially achieve several times growth in the next two years. Goldman Sachs estimates that the global shipment volume of humanoid robots may have reached approximately 15,000 to 20,000 units last year, with products from Chinese manufacturers accounting for the majority. By 2026 and 2027, the target shipment volume for enterprises may reach several thousand to tens of thousands of units. It recommends investors to make selective allocations and gives Sanhua (02050.HK) a "Buy" rating, with a target price of 43.1 yuan