China Securities forecasts that by 2025, the global smart logistics market will surpass RMB 500 billion. Within this sector, the market for mobile automation equipment stands out as the fastest-growing, anticipated to reach a scale of nearly RMB 150 billion, highlighting its expansive development potential. On the supply side, the rapid advancement of AI technology is propelling mobile robots towards enhanced intelligence, and the current low penetration rate signals substantial room for improvement. Additionally, advancements in technology maturity and industrial chain efficiency have reduced costs, making mobile robots more cost-effective across various industries, thereby fostering future market volume expansion. On the demand side, downstream customers' relentless pursuit of efficiency and cost optimization will drive the continuous expansion of mobile robot applications.