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研報掘金|東吳證券:維持優必選“買入”評級 機器人商業化進程加速

東吳證券發表研究報告指,優必選中標覓億(上海)汽車科技有限公司逾9051萬元機器人設備採購項目,此次中標訂單是目前全球人形機器人金額最大的採購訂單。此外,公司今年3月聯合北京人形機器人創新中心推出的172cm全尺寸科研教育人形機器人——天工行者,已獲得超百臺訂單,預計今年交付將突破300臺。

該行指出,優必選的羣體智能技術是工業場景下人形機器人規模化落地的關鍵。目前該技術已在協同分揀、搬運和精密裝配三大典型場景取得突破。另一方面,公司的Walker S2使用了全球首創人形機器人熱插拔自主換電系統,令其具備一週24小時不間斷工作能力。

該行維持優必選2025至2027年收入預測分別爲20.16億、28.23億、37.05億元,當前市值對應市銷率爲17倍、12倍、9倍,維持公司“買入”評級。

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