Hualong Securities: Preferred Choice Partners with FAW-Volkswagen to Promote Application Implementation in Logistics Scenarios

The Zhitong Finance App learned that Hualong Securities released a research report saying that humanoid robot companies are intensive in financing, etc., and production capacity side construction and expansion of new market-side business formats continue, maintaining the “recommended” rating for the humanoid robot industry.

The main views of Hualong Securities are as follows:

Market review: From October 8, 2026 to October 9, 2026, the humanoid robot index rose and fell -2.78%. Over the same period, the Shanghai and Shenzhen 300 rose and fell -0.93%, the Shanghai Composite Index rose and fell -0.74%, the Shenzhen Stock Exchange index rose and fell -1.91%, the GEM index rose and fell -2.93%, and the Science and Technology Innovation 50 rose and fell -4.75%.

Preferred Choice teamed up with FAW-Volkswagen to promote the application of humanoid robots in logistics scenarios. Preferred Choice reached a strategic cooperation with FAW-Volkswagen Co., Ltd. The two sides will jointly promote the development and testing of application scenarios for physical intelligent robots in the field of logistics, build demonstration application scenarios, accelerate the deployment and application of humanoid robots in the field of intelligent manufacturing, and promote the implementation and promotion of humanoid robot intelligent manufacturing solutions.

The Wuhan AI and Robotics Expo opened, 15 new products including Yushu/Yunshen were launched, and procurement groups from 20 countries went to Argentina. From October 10 to 12, the 2026 Wuhan Artificial Intelligence and Robotics Expo opened in Optics Valley (4th Optics Valley Artificial Intelligence Conference during the same period). The exhibition area was nearly 20,000 square meters, and more than 200 companies participated in the exhibition. Leading players such as Yuki, DJI, Xiaomi, Magic Atom, Accelerated Evolution, Deep Cloud, and Daru were unveiled, and 15 products debuted nationwide, including the Yunshen S10 Pro all-terrain wheel-foot robot and the Electric Hawk “Flying Robot that can do the job”. E-Eagle Technology has received pre-sale orders for 200+ units (more than half are sold to Europe and the Middle East). The conference invited procurement groups from more than 20 countries, including the US, Germany, Italy, and India, and more than 200 domestic procurement groups. On the first day, there were more than 30,000 professional visitors to build an efficient commercial and trade matchmaking platform for intelligent enterprises.

Cancer Intelligence completed an A+ round of financing of over 100 million yuan, and the joint module production capacity is planned to be expanded to 2 million units in three years. Wuxi Gekie Intelligent Drive Technology Co., Ltd. completed a new round of financing exceeding 100 million yuan. This round of financing was led by Huatai Zijin, followed by Dechang Electric, No. 9 Capital, and Independent Variable Robots, and the old shareholders Covos and Southern Venture Capital continued to pursue the investment. After this round of financing, Cancer Intelligence will promote independent research and development of core components, collaborative design of joint modules, and automated manufacturing around robotic integration joints. According to the production capacity plan, the company expects the production capacity of joint modules to reach 200,000 sets in 2026, increase to 1 million sets in 2027, and further reach 2 million units in 2028.

[Investment Suggestions]

Humanoid robot companies are intensive, such as financing, etc., and production capacity side construction and new market-side business format expansion continue, maintaining the “recommended” rating for the humanoid robot industry. In terms of individual stocks, it is recommended to focus on Tuopu Group (601689.SH), Sanhua Intelligent Control (002050.SZ), Zhejiang Rongtai (603119.SH), Xinquan (603179.SH), Beite Technology (), Joyson Electronics (DAB), Hengbo Co., Ltd., Weichuang Electric, Hengli Hydraulic, Zhenyu Technology, Zhongda, Yinlun, Wuzhou Xinchun, Meihu Co., Ltd., Lingyi Intelligent Manufacturing, Preferred Choice, etc. 603009.SH 600699.SH

[Risk Reminder]

Technology iteration risk, uncertainty about mass production schedule, valuation risk, policy risk, publication of erroneous data from cited data sources, etc.