Despite the persistent chatter about a potential decline in investments in embodied intelligence by 2025, capital enthusiasm for the sector remains undiminished. Leading enterprises such as Unitree Robotics and Galaxy General have consistently attracted funding, while industry giants including JD.com, Tencent, and Meituan have also ventured into this burgeoning space. Statistics reveal that by July 2025, there have been 114 investment events in the domestic embodied intelligence sector within the year alone, surpassing the total number recorded for the entire year of 2024. Despite the commercialization path still being uncertain, with most enterprises still in the research and development stage, breakthroughs in large model technology have infused new vigor into industry development. Investors are now placing greater emphasis on enterprises' ability to successfully implement and deliver in segmented scenarios, signaling a transition from a conceptual dividend period to a stage of fierce competition for practical applications.