Huatai Securities: Agricultural robots are driving the third efficiency revolution in agricultural production methods.

Huatai Securities research report states that Huatai Securities believes agricultural robot products, represented by agricultural drones, are moving from the policy-driven "demonstration application" stage into a new "replicable and profitable" stage jointly driven by three forces: demand shifts, supply-side breakthroughs, and economic feasibility. Major agricultural countries worldwide are currently facing a structural contraction in agricultural labor supply, with the trend evolving from "fewer people farming" to "no people farming," while the post-planting management stage of agriculture is highly dependent on manual input, constituting the most prominent efficiency shortcoming in the current agricultural production system. With the iterative upgrading of technologies such as artificial intelligence, robotics, and new energy, agricultural technology companies represented by DJI Agriculture and XAG are rising rapidly and extending and upgrading from agricultural drones to full-scenario smart agriculture. Following the mechanical revolution and the chemical revolution, agricultural robot products are driving the third efficiency revolution in agricultural production methods.