Since the beginning of this year, humanoid robots have been driven by positive trends, with concept stocks rising an average of 46.3%.
Citigroup may announce
The first round of large-scale layoffs plan
As part of its comprehensive restructuring plan, Citigroup may announce its first round of large-scale layoffs today, CCTV News quoted the Financial Times as reporting. According to reports, this is the largest restructuring of Citigroup in nearly 20 years, and thousands of positions will eventually be laid off. According to the report, Citigroup is currently the third largest bank in the United States. As of September 30th this year, Citigroup has approximately 238000 global employees.
According to insiders, the restructuring operation is still in its early stages. The group is conducting a top-down review of its organizational structure, and has only completed about 1% of the review, or about 2400 positions. It is not yet clear how many positions will be laid off in this round.
Citibank CEO Fan Jieen previously stated that the group is expected to complete restructuring and layoffs by the end of March 2024. She also stated that the restructuring is aimed at improving the operational efficiency of the group, not just reducing costs.
In recent years, Citigroup has faced multiple challenges, with poor performance in its stock trading business and failure to achieve profit targets.
Bright Market Prospects for Intelligent Robots
On November 18th, the 2023 China Automation Conference hosted by the China Association of Automation opened in Chongqing. The conference focuses on the development of automation and intelligence, discussing a new future of the industry, with the theme of "independent and controllable physical new quality production for the future". Seven keynote speeches, one peak dialogue, and 38 special forums were set up, including "artificial intelligence empowers digital transformation of the manufacturing industry", "high-end manufacturing cluster robot collaborative control technology and development trends", covering intelligent connected new energy vehicles, advanced manufacturing and industrial internet, intelligent robots Multiple cutting-edge hotspots such as smart energy and brain computer intelligence have demonstrated the enormous potential of new productivity.
Academician Wang Yaonan stated in his keynote report on "Collaborative Control Technology and Development Trends of High end Manufacturing Cluster Robots" that collaborative operation of cluster robots is a new model for future intelligent manufacturing.
According to institutional calculations, the market prospects for intelligent robots are broad. Specifically, according to Frost Sullivan's calculations, the global market size of intelligent service robots has increased from $8.1 billion in 2017 to $22.1 billion in 2021, with a four-year compound annual growth rate of 28.7%. It is expected to reach $6.7 billion by 2026. The scale of China's intelligent service robot market has grown rapidly, from 11.8 billion yuan in 2017 to 46.7 billion yuan in 2021, with a four-year compound growth rate of 41%. It is expected to reach 155.8 billion yuan in 2026.
According to Prediction Research, the global humanoid robot market is expected to reach $1.62 billion in 2022 and reach $28.66 billion by 2032, with a 10-year compound annual growth rate of approximately 33.28%.
The humanoid robot sector is constantly benefiting
Recently, the humanoid robot sector has seen another positive trend. On November 2nd, the Ministry of Industry and Information Technology issued the "Guiding Opinions on the Innovation and Development of Humanoid Robots", proposing that by 2025, the innovation system of humanoid robots will be preliminarily established, breakthroughs will be made in a number of key technologies such as "brain, cerebellum, and limbs", and the entire machine products will reach international advanced levels and achieve mass production; By 2027, the technological innovation capability of humanoid robots will significantly improve, building an internationally competitive industrial ecosystem, and achieving comprehensive strength at the world's advanced level.
This is another important policy document targeting the field of humanoid robots, following the announcement by the Ministry of Industry and Information Technology in mid September 2023 to organize the unveiling and leadership of future industrial innovation tasks in 2023.
Guangfa Securities stated that in terms of the current overall pattern of the humanoid robot market, multiple forces have their first mover advantages in software (algorithms, artificial intelligence technology, etc.) and hardware (self-developed motors, overall structure, operation and control capabilities, etc.). Some manufacturers have already achieved commercialization capabilities and are expected to deliver products in the fourth quarter of this year.
At the same time, the organization pointed out that the trend of industrialization of humanoid robots has arrived. Currently, it should actively pay attention to the technological routes and industrialization processes of existing enterprises and new entrants, and pay attention to the possible technological reuse phenomenon during the migration of mature industries to the humanoid robot industry, waiting for the arrival of the industry's "0-1" turning point.
Institutions are optimistic about the high performance growth potential of 13 stocks
From the perspective of secondary market performance, since the beginning of this year, humanoid robots have been driven by positive factors, with concept stocks rising by an average of 46.3%. Eight stocks, including Zhiyun Shares, Fengli Intelligence, Buke Shares, and Haozhi Electromechanical, have accumulated a growth rate of over 100%. Several stocks, including Huagong Technology, Aerospace Intelligent Equipment, Xinshida, and Zhongda Dede, all rose by over 50%.
In terms of funding trends, Beishang Capital made significant increases this month, with Lingyi Zhizao, iFlytek, Huichuan Technology, and Huagong Technology all exceeding 100 million yuan, with Lingyi Zhizao's net purchase of 219 million yuan ranking first. The financing funds for this month were net purchases of 121 million yuan from Goer Group, 78.9269 million yuan from Huagong Technology, and 60.1783 million yuan from Fengli Intelligent. In addition, 9 stocks, including iFlytek, Huichuan Technology, Huagong Technology, Stone Technology, and Quanzhi Technology, received additional funds from both sources.
Since the beginning of this year, institutions have conducted frequent research on the humanoid robot sector, with Huichuan Technology, Aston, Oppot, and Buke Co., Ltd. all receiving research from over a thousand institutions.
In recent research, Eston stated that some of the company's existing core components, technologies, and the development of "humanoid robots" have a certain correlation. In the future, timely layout will be made based on market development and changes in application scenarios.
The institution with the highest attention is iFlytek, which has received a total of 38 research reports from securities firms. It is reported that the iFlytek Robot Hyperbrain Platform has been connected to the Spark Cognitive Big Model in May this year, with a collaborative solution for big and small brains, model training function, and a robot module development kit. It opens up robot perception, cognition, and motion technology, empowering multi scene and full category robots.
In addition, other institutions with high attention include Stone Technology, Huichuan Technology, Kovos, Eton, and others. According to consensus predictions from more than 5 institutions, there are 13 concept stocks with an average net profit growth rate of over 20% in the next two years. Among them, the average growth rate of Changying Precision and Ruike Laser exceeded 300%.