CITIC Securities: “Artificial Intelligence +” Action Opinions Issued, Expected to Benefit from the Development of Embodied Intelligence

The Zhitong Finance App learned that CITIC Securities released a research report saying that the intelligent robot, as an important next-generation smart terminal product, is expected to receive support at various levels such as technological development, supporting infrastructure, and regulatory systems after the publication of “Opinions on Further Implementing the “Artificial Intelligence +” Action, and the industry will enter the fast track of high-quality development. The focus is on recommending leading segments with high technical barriers and potential disruptive opportunities brought by new technology in the intelligent industry chain. It is recommended to focus on transactional opportunities brought by new players.

CITIC Securities's main views are as follows:

Incident: On August 26, 2025, the “Opinions on Further Implementing the “Artificial Intelligence +” Action (hereinafter referred to as the “Opinions”), which was previously approved and approved by the Executive Meeting of the State Council, was officially published. Embodied intelligent robots are highlighted as next-generation smart terminals.

Six key actions guide the development direction of artificial intelligence and economic and social integration.

The “Opinion” is an opinion put forward by the State Council to further implement the “Artificial Intelligence +” campaign, promote the broad and deep integration of artificial intelligence with various fields of the economy and society, reshape the paradigm of human production and life, promote revolutionary changes in productivity and profound changes in production relationships, and accelerate the formation of a new form of intelligent economy and intelligent society with human-robot collaboration, cross-border integration, co-creation and sharing. The “Opinion” proposes six key implementation actions, including science and technology, industrial development, consumption quality improvement, people's livelihood and welfare, governance capabilities, and global cooperation. It looks at the new lifestyle paradigm brought to society by “artificial intelligence +” from multiple dimensions, and guides the integrated development direction of artificial intelligence and the economy and society. Embodied intelligence is expected to play an important role in the digital transformation and upgrading of industries, new forms of consumption, and improving the quality of human life.

Support the popularization of next-generation smart terminals and smart device applications, and achieve a penetration rate of over 90% by 2030.

The “Opinion” mentions that by 2027, it will be the first to achieve extensive and deep integration of artificial intelligence with the six major key fields, and the penetration rate of next-generation smart terminals and smart devices will exceed 70%; by 2030, artificial intelligence in China will fully enable high-quality development, and the penetration rate of next-generation smart terminals and smart devices will exceed 90%. Intelligent robots are important next-generation smart terminal products. The “Opinion” proposes to vigorously develop next-generation smart terminals such as intelligent connected vehicles, artificial smartphones and computers, intelligent robots, smart homes, and smart wearables, etc., promote the intelligent transformation and upgrading of municipal infrastructure in an orderly manner, explore urban planning, construction and governance for the development of next-generation smart terminals, and promote the construction of a diverse and integrated public safety management system for natural people, digital people, and intelligent robots. After the “Opinion” is issued, the intelligent robot industry will receive key support in various aspects such as product development, urban infrastructure, and public safety management systems.

Emphasis is placed on basic model capabilities and open source ecosystem construction, and the development of embodied intelligence is expected to benefit.

The “Opinion” focuses on improving the basic capabilities of the model, strengthening innovation in data supply, and promoting the prosperity of the open source ecosystem. Embodied basic models are one of the main bottlenecks in the current development of intelligent robots. The high-quality data of intelligent robots and a sound open source ecosystem can promote high-quality development of the industry. The “Opinion” focuses on strengthening the basic capabilities of the model and supporting it from various dimensions such as data, computing power, ecology, and regulations. Currently, domestic artificial intelligent robot companies use cerebellar operation and control capabilities as the main development direction, and there is room for improvement in brain-level physical intelligence model capabilities. With the establishment of local training centers, the construction of real application scenarios, and the introduction of supporting policies for data collection and robot applications, the basic model of intelligent robots is expected to become more mature, develop in a balanced manner, and accelerate the development of the industry.

investment strategy

The “Opinions on Further Implementing the “Artificial Intelligence +” Campaign was officially issued, providing key support for the popularization of next-generation smart terminals and smart devices, with the goal of achieving a penetration rate of 90% or more by 2030. Intelligent robots are one of the important products of the next generation of smart terminals, and are expected to play a role in various key areas such as residents' consumption, people's livelihood and welfare, and social governance. After the “Opinion” is issued, the intelligent robot industry will receive support at various levels such as technological development, supporting infrastructure, and regulatory systems, and the industry will enter the fast track of development. I am optimistic about the intelligent robot sector, and believe that this sector is expected to become one of the most important technology industry opportunities in the next 5-10 years; it is recommended to focus on investment opportunities for companies with high competitive barriers in the core industrial chain to continue to implement performance absorption valuations during the industrial revolution and overcome the ups and downs of the industry; it is recommended to focus on the valuation drive brought about by new entrants and potentially disruptive technology paths, including not only newly entered technology giants and OEM-related companies, but also players in various parts and components.

Risk warning: Robotics technology is progressing faster than expected, the development potential of robot application scenarios is lower than expected, risk of changes in technology routes, weak policy implementation, increased risk of industry competition, risk of laws and regulations, and international geopolitical risks.