【Guojin Embodied Intelligence】Orbbec surge review: data collection explosion + model progress exceeding expectations

English summary

Event: On July 31, Orbbec surged nearly 17 points intraday. Core reasons: 1. Google Gemini Robotics progress exceeded expectations; the brain is expected to activate the next round of robot market. 2. On the evening of July 30, Unitree Technology disclosed its STAR Market listing prospectus and preliminary inquiry announcement. 3. Data collection explosion: Orbbec released a full series of new data collection products in July, with large orders expected to continue landing. Investment advice: The company's current valuation is below the historical 20x PS bottom, and current price is below the private placement price. Given the high ceiling under the physical AI boom, 2030 output value of RMB 10 billion, assuming 25% net margin and 40x PE, corresponding to a market cap of RMB 100 billion. For exchange: Guojin Embodied Intelligence Chen Chuanhong / Ran Ting 1862159786