CITIC Construction Investment: Bots are the intersection of this round of technological transformation and AI transformation, and the pullback is still a buying opportunity.

On March 28, Jin10 reported that Citic Construction Investment’s research indicated that current Bots are undergoing iterations in technology, mass production, and applications, with the industry trend remaining unchanged. Bots continue to be the intersection of this round of technological and AI revolutions, and pullbacks remain a buying opportunity. We are now seeing an explosion in the application of Bots, which will be the largest incremental direction this year from an industrial marginal perspective. Follow three types of companies: 1) Leading original equipment manufacturers, with technological advantages and scale cost reductions, will show a significant Matthew effect; 2) Companies at the component level that have continuous cost reduction capabilities (especially dexterous hands, electronic skin, lightweight materials, electronic control, and large models). Companies that can bring breakthroughs in Bots’ performance through technology, such as tactile electronic skin; 3) Under the blooming of original equipment, segments that already possess application scenarios. Analogous to AI, entry points will have continuous value, such as factories and mines.