Robot training and real-world deployment, AI-assisted drug development, and data-center liquid cooling are parallel themes in the report, but each is at a different stage in the journey from plans to revenue.
Why has robot deployment become a recent focus?
Agibot plans to unveil robot bodies, components and a spatial mobility intelligence foundation model on 29 October 2026, and has scheduled 6 Genie G2 robots to perform tasks including stocking shelves, replenishing goods and preparing hot food continuously for 24 hours in a real convenience store from 2 November to November 3.
Training data is another area of investment. Citing industry research, the report says Tesla is building the Optimus Academy training system and plans to manufacture 10 thousand to 20 thousand robots for data collection.
Henggong Precision already supplies components to Agibot: in 2024, it supplied 300 sets of upper-body structural parts, accounting for approximately 30% of Agibot’s relevant purchases. The two companies also plan to jointly develop robots for specific scenarios and explore a joint venture or profit sharing.
Which parts of drug development has AI changed?
A pharmaceutical company acquired by Anthropic used Claude and external laboratory resources to advance a candidate therapy for a rare muscular dystrophy to mouse experiments in less than 18 months, with preliminary positive results. The company says that, if subsequent performance continues to meet expectations, the project could enter human clinical trials as early as the end of 2028.
AI is also being used for protein design and document review: the report says Divergence Labs generated 35 thousand antibody candidate designs in about a month; Enveda used Claude to review manufacturing documents, reducing the time needed for manual review from more than 25 hours to less than 3 hours.
AstraZeneca and Insilro reached a collaboration worth up to 1.5 billion dollars, focusing on new targets for MASH and cardiomyopathy. For laboratory service providers such as ACROBiosystems, the link is to provide protein expression, testing and developability assessment for AI-designed antibodies, generating feedback data.
How does growing liquid-cooling demand flow through the supply chain?
Vertiv’s third-quarter net sales were 4.313 billion dollars, up 61% year on year, while organic orders grew more than 100% year on year. The company guided for fourth-quarter revenue of 4.313 billion to 4.513 billion dollars. The report says both its third-quarter revenue and fourth-quarter outlook exceeded market expectations.
Nvidia’s Rubin uses full liquid cooling. The VR200 NVL72 consumes 190 to 230 kilowatts per rack, above the roughly 140 kilowatts of GB300. According to industry media cited by the report, the value of single-phase liquid cooling rises from 80 thousand dollars for GB200 to 124 thousand dollars for Rubin.
Certification and delivery schedules will affect how suppliers benefit. The report says Nvidia centralizes procurement through a qualified vendor list, and system-level certification as a tier-one supplier takes 1.5 to 3 years from registration. Dayuan Pump’s 37-kilowatt CDU core main pump has completed review and testing by customers in China and North America; it subsequently plans to work with Vertiv and channel customers in Taiwan to increase penetration.
Inventory building is also increasing: at the end of the third quarter, Envicool’s inventory stood at 2.507 billion yuan, up 154.95% from the beginning of the year. The company attributed this to increases in goods shipped but not yet accepted, stockpiled inventory and work in progress.
What stage have the related companies reached?
Liande has supplied core components in volume to leading gas-turbine brands. Citing institutional information, the report says its customers include Caterpillar’s Solar, that small-batch deliveries began in 2025, that the annualized target is 200 million yuan and that orders extend through 2028. Capacity expansion depends on the successful commissioning of its second-phase project.
Yunku Intelligent, in which Changlan Technology holds a 4.78% stake, has been named the first-ranked candidate for award of lot two of the Xining Intelligent Computing Center project, with a bid of 94.78 million yuan. If the award is finalized and the project delivered successfully, it will be Yunku’s first commercial immersion-cooled intelligent computing center project worth at least one hundred million yuan.
Fulaiente’s third-quarter net profit excluding non-recurring items was approximately 43 million yuan, up 290% year on year. The report attributes the growth mainly to continued price increases in the dye industry; a newly built tactile data collection center at its majority-owned subsidiary serves robot training data applications.
