The Hong Kong stock market's Siasun Robot & Automation sector has begun to "heat up" in advance. Who will become the leading player in the thriving sector with concentrated catalysts in the second half of the year?

For the entire Siasun Robot & Automation industry, 2026 will undoubtedly be an eventful year. On the last trading day of July, specifically the day after the IPO approval of Yushu, Siasun Robot & Automation concept stocks in the Hong Kong market experienced a collective surge: SEER TECH (06106) and LAIFUAL led with closing gains of 17.75% and 21.46%, respectively; Shenzhen Zhaowei Machinery & Electronics and ROBOSENSE rose over 9% and 7%, respectively, while UBTECH ROBOTICS closed up nearly 5% and Horizon reported flat. Following Yushus listing, a series of significant catalysts, including the mass production of Tesla's Optimus and the IPO of Zhiyuan Siasun Robot & Automation, will undoubtedly add fuel to the momentum of various Siasun Robot & Automation concept stocks. With the industry's narrative heating up, the attracted funds will naturally seek out directions and targets with higher certainty and critical industry positions. GMTEight suggests that the rankings of the aforementioned soaring stocks are quite intriguing; they may reflect a precise projection of the benefits from the industrial chain: the leading stocks are almost entirely upstream component companies believed to fully benefit from the mass production scale of general Siasun Robot & Automation companies. These include LAIFUAL, which produces harmonic reducers, and Shenzhen Zhaowei Machinery & Electronics, which manufactures micro drives. SEER TECH is an exception; the company operates based on the "Siasun Robot & Automation brain," achieving large-scale deployment across multiple entities and scenarios, continuously accumulating substantial real-operation data, and through AI Infra, dominating data governance, model training, simulation validation, edge deployment, and operational feedbackcreating a closed loop from data accumulation to model optimization to product application. On this basis, the company continues to advance E2E model and VLA model research and development, applying the controller as a carrier in mobile humanoid robots, embodied forklifts, and AI delivery, facilitating the transformation of model capabilities into product capabilities and commercial applications. Compared to single hardware or software suppliers, SEER TECH's positioning as the "brain" makes it more akin to an embodied infrastructure. Objectively speaking, whether the surge on July 31 was merely a short-term emotional release or the beginning of a new mainline remains to be answered by time. However, returning to the industrial chain itself, it is an undeniable fact that Siasun Robot & Automation represents a prosperous track worth long-term tracking, and keeping an eye on the flow of active funds undoubtedly aids in discerning the true flourishing leaders from the false. Was it a one-day phenomenon or the start of a new mainline? To assess whether the surge on July 31 was a one-off event or the beginning of a new mainline, one must consider two dimensions: industrial logic and funding behavior. Firstly, on the industrial logic front, the humanoid Siasun Robot & Automation sector is at a critical juncture, transitioning from "concept validation" to "pre-mass production." By 2025, the global shipment of humanoid Siasun Robots is projected to be approximately 17,000 units, while Yushu alone aims for shipments between 10,000 and 20,000 units in 2026. Tesla's goal of 100,000 units per year for Optimus is also steadily progressing. The growth rate at the industry level is no longer linear, but rather an exponential leap. Yushu's IPO is just the first signal on this timeline. Subsequently, the ramp-up of Tesla's Optimus production capacity and the IPO sprint of Zhiyuan Siasun Robot & Automation will form a series of catalysts. In other words, the surge on July 31 was not an isolated events pulse reaction, but a collective preheating before a series of industrial milestones. Substantial changes at the industrial end are the fundamental basis for the sectors performance. From the funding perspective, there is a common characteristic among the leading stocks on the growth list: they are all concentrated in the upstream segment. The collective surge in the "selling shovels" segment indicates that the inflowing funds are not chasing concepts and stories, but are positioning themselves based on clear industrial logicthis behavior is more akin to that of institutional funds rather than speculative short-term trading. Returning to the stock level, an analysis of the industrial chain shows that the Hong Kong market's broad Siasun Robot & Automation sector has formed distinct hierarchical tiers. In the hardware layer, LAIFUAL is the second-largest manufacturer of harmonic reducers in China, holding a market share of 21.4%; ROBOSENSE's sales of Siasun Robot & Automation LiDAR in the first half of 2026 reached 282,600 units, a year-on-year increase of 510%; Shenzhen Zhaowei Machinery & Electronics is the core supplier of micro-drives for Siasun Robot & Automation fingers. Regardless of which complete machine manufacturer ultimately prevails, they cannot circumvent these hardware suppliers. In the complete machine and application layer, UBTECH ROBOTICS is the largest humanoid Siasun Robot & Automation company in China, DOBOT is the leading collaborative Siasun Robot & Automation company, and E-Hi Intelligent is the global leader in warehouse AMRs. They are directly facing the end market and benefiting from industry scale expansion. However, among these stocks, SEER TECHs positioning is the most uniqueit also has hardware operations and even ships complete machines, but its core barrier lies in the "Siasun Robot & Automation brain." Compared to complete machine or component companies within the industrial chain, SEER TECH's logic for benefiting is fundamentally different. Hardware companies benefit from "quantitative" expansionthe more complete machines are shipped, the greater the use of components; complete machine companies benefit from "brand" premiumsthose who can first achieve mass production will gain market pricing power. In contrast, "brain" companies benefit from platform logicregardless of which whole machine manufacturer prevails, or how many units are shipped, every Siasun Robot requires a "brain." This is precisely the rarest value that SEER TECH brings to the broad Siasun Robot & Automation sector in the Hong Kong market. Why is the "Siasun Robot & Automation brain" the most reliable infrastructure? Since the "brain" serves as the foundational infrastructure for the Siasun Robot & Automation industry, what is SEER TECH's specific benefit logic? It can be broken down into four layers. First, it does not participate in endpoint competition and serves all players. Yushu, Tesla, and UBTECH ROBOTICS are battling at the complete machine end while SEER TECH services all machine manufacturers with its Siasun Robot & Automation brain, betting on none of their successes or failures. This "selling shovels" business model allows it to avoid getting embroiled in endpoint price wars, enabling its profitability to remain high. Such certainty is particularly rare in the phase when competition among complete machine manufacturers is still escalating. While complete machine manufacturers are still competing over who has the best running and jumping robots, SEER TECH has quietly captured the fundamental cake of the entire industry. Second, the Siasun Robot & Automation brain constitutes the foundational capability for all intelligent Siasun Robots. What SEER TECH has truly accomplished is not just a product that includes computing power, models, and controller hardware, but the first instance where Siasun Robots possess a unified foundational capability and technical language, establishing standardized foundational entry points for the Siasun Robot & Automation industry. Regardless of which company leads the humanoid Siasun Robot, the core capabilities of perception, decision-making, reasoning, dexterous manipulation, full-body control, autonomous navigation, and multi-robot scheduling cannot bypass the brain. As founder Zhao Yue states, SEER TECH's developmental trajectory is "from the past controllers, to the current open platform, to the ongoing transition to embodied infrastructure." Based on 2025 sales figures, SEER TECH holds the leading position among intelligent Siasun Robot & Automation controller suppliers with a global market share of 24.8%. This cross-entity coverage capability positions it as a "shovel seller" that spans all forms of Siasun Robots. Third, real machine data assets form implicit barriers. Siasun Robots equipped with the Xian Gong "brain" have already entered actual scenarios at NVIDIA's GPU server hardware production facilities. As of July 2026, SEER TECH's Siasun Robot & Automation brain system has been connected to over 50,000 cross-configuration Siasun Robots, implemented in over 1,000 factories, covering more than 20 industries and serving over 2,100 clients, with a total stable operation time exceeding 60 million hours. Based on the estimate of 50,000 devices with a 20% data backflow, the potential real machine data capacity could reach around 30 million hours annually, of which the high-quality training data that has been systematically cleaned has already reached 500,000 hours. In the era of embodied intelligence, real machine data is an essential competitive barrieronce the data flywheel starts turning, late entrants can hardly catch up. Fourth, ecosystem lock-in effects create high pricing power. Once customers develop a complete solution based on SEER TECHs ecosystem, switching systems means rewriting software and re-tuning, leading to extremely high switching costs. This ecosystem lock-in effect is reflected in financial statements with a gross profit margin as high as 80%. As for the financial aspect, SEER TECH's growth visibility and elasticity are also being affirmed. In 2025, the company achieved revenues of 442 million yuan, with a three-year compound growth rate of 33.2%. The company has released a positive profit forecast, with revenue growth in the first half not less than 60%. Based on the current market capitalization of approximately 6 billion HKD, this corresponds to a PS of less than 10 for 2026. It should be noted that SEER TECH is not just a beneficiary of industry prosperity. As the provider of the "Siasun Robot & Automation brain," it lowers the developmental threshold for downstream complete machine manufacturers and accelerates innovation iteration across the entire industry. This infrastructural nature means that the more prosperous the industry, the greater the demand for brains; the more powerful the brain, the wider the boundaries of the industry. This is a positive flywheelwhen more Siasun Robots connect to the same brain system, the data backflow becomes richer, model iterations become faster, and the updated brains can support more scenarios and forms of Siasun Robots. Reflecting on the surge on July 31, I believe it was a prelude to a new mainline rather than an endpoint. The IPO of Yushu, Tesla's mass production, and Zhiyuan's sprintthree overlapping catalystssignal that the Siasun Robot & Automation industry is transitioning from "concept narratives" to the turning point of "mass production validation." As the industry grows, the market is re-pricing, and those underlying capabilities that cannot be bypassed regardless of who wins are the true mainline throughout the cycle. From the "brain" of embodied infrastructure to core components such as reducers, LiDAR, and micro-drives, each link has found its place in the industry's expansion. When an industry shifts from whether to do to how to do, the true prosperous cycle is just beginning.