---
title: "Daiwa: Body Joint and Dexterous Hand Actuators in Humanoid Robot Supply Chain Most Investable; Top Picks TUOPU GROUP , MINTH GROUP  and SANHUA"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289996483.md"
description: "Daiwa reports that actuators for body joints and dexterous hands are the most investable segments in the humanoid robot supply chain, accounting for 40-50% of costs. The broker highlights standardization trends and recommends focusing on suppliers with mass production capabilities. Top picks include TUOPU GROUP, MINTH GROUP, and SANHUA."
datetime: "2026-06-17T04:00:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289996483.md)
  - [en](https://longbridge.com/en/news/289996483.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289996483.md)
generator: "portal-rs"
---

# Daiwa: Body Joint and Dexterous Hand Actuators in Humanoid Robot Supply Chain Most Investable; Top Picks TUOPU GROUP , MINTH GROUP  and SANHUA

Daiwa published a report stating that actuators are the largest bill-of-materials cost item in humanoid robots, accounting for an estimated 40-50% according to the broker. It believes that within the current humanoid robot supply chain, actuators for body joints and dexterous hands represent the most investable segment at the hardware level.

The report noted that humanoid robot actuator design is entering an early stage of standardization, although architectural choices have yet to be fully unified. Rotary actuators remain the mainstream solution due to a mature supply chain, compact structure and relatively lower costs. Meanwhile, linear actuators are gaining traction in high-load joints, where torque density, impact resistance and static holding efficiency are more critical. Daiwa believes humanoid robot designs may diverge, with lightweight service robots tending to adopt predominantly rotary-based architectures, while industrial humanoid robots increasingly use hybrid rotary-plus-linear solutions.

The broker considers dexterous hands to remain one of the most important hardware bottlenecks for mass production of humanoid robots. Fully actuated hands offer high flexibility but are costly and structurally complex, making large-scale deployment difficult. Underactuated hands, by contrast, strike a better balance among cost, reliability and manufacturability. Daiwa expects tendon-driven and linkage-driven hand designs to coexist over the long term, with the optimal degrees of freedom depending on target tasks.

In China, investment in the humanoid robot supply chain has accelerated in recent years. Daiwa suggests that the next stage of stock selection should focus on suppliers that have secured mass production nominations, achieved yield improvements and demonstrated scalable cost reduction capabilities. Within the humanoid robot supply chain, the broker is most positive on TUOPU GROUP (601689.SH) -0.550 (-0.906%) , MINTH GROUP (00425.HK) +0.420 (+1.352%) Short selling $11.90M; Ratio 15.822% and SANHUA (02050.HK) -0.420 (-1.495%) Short selling $31.44M; Ratio 10.156% . (ha/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-16 16:25.) (A Shares quote is delayed for at least 15 mins.)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**