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China takes 97% of H1 global humanoid robot shipments; supply chains, vast market drive rapid scale-up, intl reach: expert_我的网站

风和日丽

一 |

Photo released on August 9, 2026 shows tourists from Jamaica interacting with a humanoid robot at the world's first robot 6S store in Longgang District, Shenzhen, South China's Guangdong Province, on August 4. Photo: XinhuaChina's cutting-edge industrial upgrade witnessed two major landmarks on Monday, marking the country's full-fledged global lead in humanoid robotics and further solidifying the rise of its "new new three" strategic sectors — robotics, artificial intelligence and innovative medicine.
Industry data showed that Chinese vendors accounted for more than 97 percent of global humanoid robot shipments in the first half of 2026. Additionally, Chinese robotics firm Unitree Robotics began its share subscription process for its listing on Shanghai's stock market, becoming the first humanoid robot A-share stock.
The global humanoid robot shipments reached approximately 19,100 units in the first half of the year, surging 272 percent year-on-year. The market saw a leadership shift, with Chinese robotic company AGIBOT overtaking Unitree to become the world's largest humanoid robot vendor. China also represented more than 85 percent of global demand, according to the latest research from Smart Analytics Global (SAG).
As the former global leader in 2025 with annual shipments of 5,500 units, Unitree Robotics set its IPO offering price at 150.8 yuan ($22.35) per share on Monday. The initial public offering (IPO) is expected to raise 6.1 billion yuan, meaning an estimated market capitalization of around 61 billion yuan, according to media reports. The final online subscription winning rate will be 0.0181 percent, Unitree said on Monday.
The breakthroughs in humanoid robotics represent the latest landmark of China's booming "new new three" industries, which are emerging as core pillars driving the country's high-end manufacturing upgrade, export expansion and future economic growth.
Driving forces
The rapid and comprehensive rise of China's robotic sector stems not merely from policy incentives, but from integrated advantages in complete manufacturing chains, forward-looking institutional arrangements and massive real-world application scenarios, industry analysts noted.
"The answer lies not in mere policy slogans, but in the synergies rooted in its manufacturing base, early institutional frameworks, and vast application scenarios. These factors have driven the 'new new three' industries onto the global stage," Zhang Xiaorong, director of the Beijing-based Cutting-Edge Technology Research Institute, told the Global Times on Monday.
A robust supply chain has been decisive. The localization rates across China's robot industry chain have risen markedly in 2026, with core components shifting to domestic control, CCTV News reported, citing an executive of a Shenzhen-based robot company, who said that more than 90 percent of key parts for its humanoid robots are sourced domestically.
"No other market is better suited for the robotic industry than China," the executive said.
Institutional analysis noted that the domestic production rate of Unitree Robotics' supply chain reaches 90 percent, while all core components are fully self-developed.
Zhang also said the large domestic market serves as a unique testing ground.
"Strong robot exports reflect advances in complete machine design, system integration, scenario algorithms, rapid delivery, and cost control, alongside continued localization of reducers, servo systems, and sensors. Large-scale applications in new energy vehicles, electronics manufacturing, and warehousing provide frequent iteration and engineering validation," said Zhang.
Institutional foresight also played a role. Robot manufacturing was first listed as an independent industry in the national standard for industry classification in October 2017, with sub-categories including "industrial robot manufacturing" and "special operation robot manufacturing" following in 2023.
Analysts noted that this early classification facilitated later policy support, capital-market positioning, and statistical monitoring.
In June 2026, several ministries launched a special program for real-scenario training of humanoid robots and embodied AI.
Customs adjustments, effective from January 1, added specific tariff codes for intelligent biomimetic and cleaning robots, simplifying export clearance.
Insurance coverage also followed. In June, China Export & Credit Insurance Corp issued an insurance policy for AGIBOT's embodied robot export project, providing overseas risk coverage.
Supported by complete industrial chains, rich scenarios and systematic policy guarantees, China's robotic sector has built an unshakable global edge, experts noted.
A faster pace
Official data showed that China has more than 400 complete humanoid robot models - over half the global total - while quadruped robots account for nearly 70 percent of worldwide sales.
"China may produce more than 100,000 humanoid robots this year, with even higher growth expected in the following years, pointing to long-term opportunities in a sector with deep potential," Yang Delong, chief economist at Shenzhen-based First Seafront Fund, told the Global Times on Monday.
China's robot export momentum has also reached new heights. After becoming a net exporter of industrial robots for the first time in 2025, China's industrial robot exports reached 6.29 billion yuan in the first half of 2026, reaching 141 countries and regions, official statistics show. Surgical robot exports rose 3.3 times year-on-year. Overall robot exports grew 359 percent.
AGIBOT, the champion of humanoid robot shipment so far this year, illustrated the rapid scaling: Its 15,000th embodied AI robot rolled off the line on June 28, less than three months after the 10,000-unit milestone.
All units are being delivered to domestic and overseas customers for use in 3C (computer, communication and consumer electronics) manufacturing, warehousing and logistics, and commercial services, AGIBOT told the Global Times.
Jiang Qingsong, company partner and co-president of AGIBOT, told the Global Times on Monday that the company aims for overseas sales to exceed 30 percent of its total in 2026 and potentially surpass 50 percent later.
Strong progress in robotics is closely backed by China's booming artificial intelligence sector.
Hugging Face's latest report found that over the past year, "Chinese models quickly accounted for the plurality or 41 percent of downloads," surpassing the US for the first time.
On the OpenRouter platform, Chinese AI models' token usage reached 34.25 trillion in the week ended Sunday, meaning roughly half of global share, while remaining ahead of US models for the 15th consecutive week.
Yang noted that China's AI progress is supporting growth across six frontier sectors - robotics, semiconductors, computing power and algorithms, commercial spaceflight, solid-state batteries, and biomedicine.
In terms of innovative drugs, by the end of 2025, China had 4,751 innovative drugs in development - 33.7 percent of the world total - making it the global leader in the pipeline.
Outbound licensing deals totaled about $110 billion in the first half of 2026 - already 80 percent of the full-year 2025 figure - with Chinese firms occupying eight of the global top 10 pharma deals. During the same period, 38 innovative drugs were approved, according to data from National Medical Products Administration.
Benefit the world
The vigorous rise of the "new new three" industries marks China's third major upgrade in export structure, following the traditional "old three" (garments, furniture and home appliances) and the "new three" (new energy vehicles, lithium-ion batteries and photovoltaics). Each industrial iteration features higher technological content, stronger innovation capacity and deeper integration into the global economy.
China's breakthroughs in robotics, AI and innovative medicine deliver tangible benefits to global industries and consumers.
For example, AGIBOT's European representative Sandy Liu told the Global Times that universities and large manufacturers in automotive and warehousing are the company's main users in Europe, driven by rising labor costs and the need for new solutions.
Chinese open-source AI models have transformed high-end artificial intelligence technology from exclusive luxury resources into affordable, accessible digital infrastructure, benefiting global startups and developing economies. Innovative drug outbound licensing also accelerates global research collaboration and improves global patient access to cutting-edge treatments, analysts pointed out.
China's role in global trade is shifting from single manufacturing links toward a deeper embedding in technology, systems, and standards. What remains constant is the innovation that injects valuable certainty into the world economy and supports more inclusive globalization, analysts noted.
。服务器CPU需求的强劲复苏正在为英特尔和AMD提供关键支撑，但PC市场的持续疲软构成不可忽视的下行风险，两家公司即将发布的季度财报将在这一分化格局下接受市场检验。

二 | 追风交易台消息，据伯恩斯坦研究7月21日发布的前瞻报告，分析师Stacy A. Rasgon维持英特尔"市场表现"评级及100美元目标价，维持AMD"跑赢大市"评级及600美元目标价。

三 | 报告指出，数据中心业务的强劲势头有望部分抵消客户端业务的拖累，但两家公司的全年预测均低于市场一致预期，主要分歧集中于PC需求假设。英特尔股价年初至今已累计上涨163%，显著跑赢大盘与费城半导体指数；AMD同期涨幅达135%，但均已从近期高点明显回落。

四 | 伯恩斯坦认为，服务器CPU需求的周期性复苏叠加智能体AI（agentic AI）带来的需求上修，是推动两家公司股价强势的核心驱动力，而PC市场的内存价格压力则是当前最主要的不确定因素。英特尔：服务器叙事提振情绪，PC与代工仍是变量英特尔定于7月23日（周四）美东时间下午5时公布2026年第二季度业绩。伯恩斯坦预测英特尔第二季度营收143亿美元、非GAAP每股收益0.20美元，略低于彭博一致预期的144亿美元和0.21美元。全年2026年预测为576亿美元/每股1.07美元，低于一致预期的586亿美元/1.11美元；2027年预测为633亿美元/1.50美元，亦低于一致预期的660亿美元/1.57美元。

五 | 报告指出，英特尔目前正受益于极为强劲的服务器需求——这既是新冠疫情后多年积压需求的周期性修复，也叠加了智能体AI带来的需求急剧上修。值得注意的是，即便英特尔当前服务器产品竞争力相对薄弱，仍得以将此前被认为已报废的库存产品售出，因为客户愿意购买任何可以获得的产品。与此同时，围绕英特尔代工业务（IFS）的市场讨论日趋活跃，涉及苹果潜在合作及AI封装业务等传言，尤其在封装领域被认为具备一定可信度。然而，PC业务前景仍令人担忧。 IDC和Gartner数据显示，2026年第二季度全球PC出货量同比分别下降5%和4%，较第一季度的中个位数增长明显减速，环比基本持平（IDC：+0.4%，Gartner：-0.9%），与新冠疫情前的季节性规律大体吻合，但弱于近年表现。中国台湾ODM笔记本出货量4月同比下降4%、5月同比下降12%，内存市场动态被认为将进一步压制下半年PC需求。伯恩斯坦表示，服务器业务的强劲表现及代工叙事的强化有望形成对冲，但这可能伴随资本支出的上调，进而对自由现金流和利润率构成压力。报告称，分析师对英特尔的看法"比一段时间以来任何时候都要乐观"，但基本面（市场份额走势、PC前景等）整体仍面临挑战。

六 | AMD：AI GPU潜力被低估，2027年预期或仍偏低 AMD定于8月4日（周二）公布第二季度业绩，并将于7月22日至23日在旧金山举办2026年"Advancing AI"大会，CEO Dr. Lisa Su将于23日上午9时30分（太平洋时间）发表主题演讲。伯恩斯坦预测AMD第二季度营收112亿美元、非GAAP每股收益1.60美元，略低于一致预期的113亿美元和1.62美元。第三季度预测为117亿美元/1.65美元，显著低于一致预期的124亿美元/1.84美元，主要原因是PC假设偏弱，以及MI450 GPU放量被建模为主要集中在第四季度。全年2026年预测为479亿美元/6.98美元，低于一致预期的500亿美元/7.30美元。然而，伯恩斯坦对AMD 2027年的预测则高于市场：预测营收822亿美元/每股14.61美元，高于一致预期的777亿美元/13.35美元。报告认为，彭博一致预期对AMD 2027年AI GPU收入的预测（约335亿美元）明显偏低，而伯恩斯坦自身预测约为430亿美元，假设OpenAI和Meta等客户届时已实现规模化出货。报告指出，AMD在服务器CPU市场的受益程度甚至超过英特尔，原因在于其产品具备真实的市场竞争力，正在持续获取份额。在AI GPU方面，MI450的放量节奏（第三季度还是第四季度？）是近期需要重点关注的变量。

七 | 伯恩斯坦认为，随着服务器CPU和AI GPU双线并进，AMD有望提前数年实现其2030年每股收益超过20美元的目标——该机构预测AMD在2028年即可接近这一水平。即将举行的"Advancing AI"大会被视为潜在催化剂，可能带来新客户公告、产品路线图细节及可寻址市场（TAM）更新。报告还提及AMD近期宣布与微软达成合作，并指出AMD股价虽从近期高点明显回调，但伯恩斯坦认为当前位置存在投资机会。