In 2026, the robotics industry is experiencing a new highlight, with public data from the Ministry of Industry and Information Technology showing that from January to May 2026, the operating revenue of enterprises above designated size in China's robotics industry exceeded 90 billion yuan, up 26.9% year on year, and the average annual growth rate of the industry exceeded 20% in the past five years. Changes across the industrial chain are notable: at the end of June, a domestic humanoid robot enterprise launched new products and received over 10,000 orders in less than a month; a frameless motor manufacturer in Shenzhen revealed that its on-hand orders in the first half of this year exceeded 1 million units, while the total orders for the whole of last year were only 120,000 units. The rapid growth in demand for frameless motors, an important component of humanoid robot joints, is regarded as a key signal that industrial prosperity is transmitting to the upstream. The capital market has also begun to give feedback, with the successive disclosure of semi-annual report forecasts of listed companies showing significant growth in the performance of many enterprises in the robotics industrial chain, with some profit growth rates reaching several times or even more than ten times. However, a question has emerged: whether this is a real industrial revolution or just another capital-chased trend. Industrial robots have long been applied in manufacturing, but the real commercialization of humanoid robots still faces multiple challenges in technology, cost,