Humanoid Robot Concept Stocks Insight | EXCELLAND ROBOT (03231.HK) down 0.87%, Beijing issues three-year embodied AI robot plan

NewTimeSpace News, 12 November 2026, the humanoid robot theme weakened, with EXCELLAND ROBOT (03231.HK) softening. As of 13:15, the company quoted HKD 34.180, down 0.87%.

On the news front, the company has no recent news of its own; within the sector, on 11 November 2026, UBTECH ROBOTICS signed a strategic cooperation agreement with YONGDA AUTO, under which Yongda will purchase 400 U1 Pro ultra-bionic humanoid robots, with UBTECH planning delivery within this year; the U1 Pro sells for RMB 169,800 per unit on e-commerce platforms, implying an order value of about RMB 67.92 million. The two parties will also build a robot experience and exhibition centre in Shanghai and explore product sales and leasing models in automotive retail scenarios.

In addition, on 11 November 2026, the Beijing Municipal Bureau of Economy and Information Technology issued the Beijing Action Plan for High-Quality Development of the Embodied Intelligence Robot Industry (2026-2028), which targets at least five internationally leading and ten domestically leading humanoid robot manufacturers by 2028, a 25% share of national complete-machine capacity for the Beijing-Tianjin-Hebei region, a supporting rate for key components above 60%, and support for components such as flexible tactile sensors, miniature precision reducers and coreless motors.

Morgan Stanley believes that its 2026 China humanoid robot survey shows strong corporate interest but a delayed deployment timetable, with manufacturing and logistics the most promising early applications; the bank expects China's humanoid robot shipments to reach 50,000 units in 2026, 100,000 in 2027 and 446,000 in 2030.

EXCELLAND ROBOT (03231.HK) focuses on the development, manufacturing and commercial deployment of commercial service robots, with products covering indoor delivery, high-capacity indoor transfer, delivery within enclosed parks, indoor and outdoor cleaning and unattended retail. The company also provides industry-applied AI vision model solutions and serves customers including hotels, office buildings, shopping malls, hospitals and industrial parks under Robot-as-a-Service (RaaS) and leasing arrangements. Based on 2025 revenue, the company is China's third largest supplier of commercial service robot products with a market share of 8.9%, and had cumulatively delivered more than 114,600 robots to over 5,100 customers worldwide as of 31 March 2026.