行业更新：网络研讨会：比较来自中国的人形机器人

IndustryHumanoid Robot Webinar: Comparing humanoid robotsfrom China (Unitree, UBTECH, etc.) Iris Zheng, CFAResearch Analyst+852-2203-5884 Join Amy Sutter for a discussion with Iris Zheng on her latest deep dive into thehumanoid robotics landscape in China, comparing Unitree, UBTECH, DEEPRobotics, Dobot, and Leju. Edison YuResearch Analyst+1-212-250-7263 Date and timeMonday, 22 June 2026 Laura LiResearch Associate+1-212-250-2266 10am EST/ 4pm CET/ 3pm UKT/ 10pm HKT Winnie DongResearch Analyst+1-212-250-5121 Registration linkClick here to sign up SpeakersAmy Sutter, US TMT Specialist Sales nnIris Zheng, Head of Asia Automation & Industrials Topics nHumanoid robotics landscape in China—comparing Unitree, UBTECH,DEEP Robotics, Dobot, and LejunLatest forecast for the global humanoid robot marketnQ&A Link to Deutsche Bank humanoid robot sector reportsHumanoid Robot peer comparison:Comparing Unitree, UBTECH, DEEP, nDobot and Leju: Opportunities and risks coexist - 15 June 2026nHumanoid Robot sector report (III):Six visions for 2026 –Scaling, iteratingand diversifying - 6 Mar 2026nHumanoid Robot sector report (II):Go big and go home – 14 Feb 2025nHumanoid Robot sector report (I):Stay selective; Humanoid robots liftgrowth prospects -23 July 2024 Appendix 1 Important Disclosures *Other information available upon request *Prices are current as of the end of the previous trading session unless otherwise indicated and are sourced from localexchanges via Reuters, Bloomberg and other vendors . Other information is sourced from Deutsche Bank, subject companies,and other sources. For disclosures pertaining to recommendations or estimates made on securities other than the primarysubject of this research, please see the most recently published company report or visit our global disclosure look-up page onour website at https://research.db.com/Research/Disclosures/EquityResearchDisclosures. Aside from within this report,important risk and conflict disclosures can also be found at https://research.db.com/Research/Disclosures/Disclaimer.Investors are strongly encouraged to review this information before investing. Analyst Certification The views expressed in this report accurately reflect the personal views of the undersigned lead analyst about the subjectissuers and the securities of those issuers. In addition, the undersigned lead analyst has not and will not receive anycompensation for providing a specific recommendation or view in this report. Iris Zheng, Edison Yu. 18 June 2026ManufacturingHumanoid Robot Equity Rating and Dispersion Key The Equity Rating Dispersion Chart depicts the following: The proportion of recommendations that are rated "buy", "sell" and "hold" over the previous 12 months. This is shown forsecurities issued in the stated region e.g. "Europe Universe". See rating definitions below. This is represented by the"Companies Covered" bars in the chart. The percentage value displayed above the bar is the proportion as a percentage.E.g. 50% above the “buy” / “Companies Covered” bar means that 50% of DB’s equity research covered companies overthe past 12 months have a “buy” rating. Next to each of the three respective bars showing the proportion of "buy", "sell" and "hold" recommendations we providetwo additional bars to show: - The proportion of "buy", "sell" or "hold recommendations where Deutsche Bank and or/Affiliates provided MIFIDInvestment or Ancillary Services in the past 12 months. This is represented in the "MIFID Investment and AncillaryServices" bar. The percentage value displayed above the bar shows the proportion of Companies Covered with the givenrating where DB has also provided MIFID Investment and Ancillary Services in the past 12 months. E.g. 50% above the“Cos. w/ MIFID Investment and Ancillary Services” bar means 50% of the Companies Covered with the rating stated havealso received MIFID Investment and Ancillary Services from DB. - The proportion of "buy" (or "sell" or "hold) recommendations where Deutsche Bank and or/Affiliates has providedInvestment Banking services in the past 12 months for which it has received compensation. The percentage valuedisplayed above the bar shows the proportion of Companies Covered with the stated rating where DB has also providedInvestment Banking services in the past 12 months. E.g. 50% above the “Cos. w/ Investment Banking relationship” barmeans 50% of the Companies Covered with the rating stated also have an Investment Banking Relationship with DB. Buy: Based on a current 12- month view of TSR, we recommend that investors buy the stock. Sell: Based on a current 12-month view of TSR, we recommend that investors sell the stock. Hold: We take a neutral view on the stock 12-months out and, based on this time horizon, do not recommend either aBuy or Sell. TSR = Total Shareholder Return. Percentage change in share price from current price to projected target price plusprojected dividend yield Newly issued research recommendations an