According to the Zhitong Finance APP, Kaiyuan Securities released a research report stating that as the wave of embodied intelligence sweeps the globe, international technology giants are accelerating their layout in the smart robotics sector. DJI possesses the underlying capabilities of "big and small brains" for robots; the multi-dimensional application scenarios and data accumulation of DJI drones have unique advantages, allowing them to build a "land and air integrated" full-loop system with robots, accelerating product data accumulation and optimization iteration, as well as having the advantage of establishing a complete ecosystem for robots, possessing the ability for "dimensionality reduction strikes" in the robotics industry chain. In addition, DJI will also benefit from the rich resources of AI and electromechanical industries in the Greater Bay Area.

The main points of Kaiyuan Securities are as follows:

DJI's Robot Gene Analysis: Dimensionality Reduction Strike from Sky to Ground

DJI is a disruptor in the global drone industry, and its pursuit of "technological artworks" has attracted a large user base. In the global technology feast, outstanding Chinese companies such as DeepSeek and Yushu have emerged, taking on the banner of technology. As a highly representative technological business card of our country, DJI naturally will not be absent from this feast. As a technology-driven company, its continuous profit-generating ability provides ample ammunition for DJI's new technology research and development and expansion into new sectors. Meanwhile, smart robotics is accelerating to become the next trillion-dollar sector globally, expected to expand over a hundred times compared to the drone market. For DJI, which possesses robotic genes and has global influence, this may be the next ideal strategic direction. DJI's robotic genes are rooted in its founding team and technical system, and by the end of 2023, it will add smart robotics to its business scope.

Core Capabilities of "Big and Small Brains" are Both Present, Capable of Building a "Land and Air Integrated" Full Loop

Drones are essentially a type of "aerial robot," and their core flight control system and the motion control (small brain) of robots are fundamentally similar, both based on control algorithms of posture perception and dynamic adjustment. The technical compatibility with the coordinated control of robot joint degrees of freedom is evident, such as the conversion of hovering ability into dynamic balance; gimbal stabilization solves the image blur problem when robots run; binocular vision obstacle avoidance, laser radar, and thermal imaging achieve millimeter-level obstacle recognition, unstructured modeling, and low-light perception, endowing robots with complex environmental interaction capabilities that surpass humans. Based on the obstacle avoidance, path planning, and sensor technology of drones, DJI has further extended into the autonomous driving field, having previously recruited Tesla's former director of autonomous driving engineering. DJI's in-vehicle technology solution is centered on pure vision, similar to Tesla's path, but with a higher cost-performance ratio (hardware costs are only 1/5 of Tesla's FSD), and is advancing in collaboration with BYD and NVIDIA, with an expectation to equip 2 million passenger cars by 2025. Similar to Tesla's FSD system, DJI's intelligent driving system can empower the "brain" of robots. The multi-dimensional application scenarios and data accumulation of DJI drones have unique advantages, allowing them to build a "land and air integrated" full-loop system with robots, accelerating product data accumulation and optimization iteration.

The Greater Bay Area's Unique Advantages, "Robot Silicon Valley" Ecosystem Empowerment, Efficiently Completes the Robotics Industry Puzzle

DJI's drone components and robots have reusability, and leveraging the mass production experience of millions of drones can achieve a certain degree of supply system migration. Li Zexiang, known as the "Father of Chinese Robotics," has built the Songshan Lake International Robotics Base, which is the most densely populated robotics ecosystem globally, with deep participation from companies like DJI and GoogolTech The Huawei Dongguan Jimu Technology Park located in the southern part of Songshan Lake has invested over 3 billion yuan, jointly forming a robotics industry cluster. Jensen Huang stated that the Guangdong-Hong Kong-Macao Greater Bay Area has "unique advantages" and is the only region in the world that simultaneously possesses AI and electromechanical technology. China accounts for 38% of the global embodied intelligence supply chain, with the Greater Bay Area alone accounting for 55% of that share. The Greater Bay Area has a solid foundation in artificial intelligence and robotics, and with the advantages of policy support and mobilization capabilities, the construction of the industrial ecosystem is at the forefront globally. Based on the manufacturing advantages and robotics ecological resources of the Greater Bay Area, DJI has unique advantages in robotics.

Risk Warning: Uncertainty in the company's strategic layout, technology transfer risks, and intelligent driving not meeting expectations