以下文章来源于泽平宏观商学 ，作者泽平宏观商学 泽平宏观商学 . 前沿科技企业实战研学 读万卷书行万里路 企业简介 追更生态 全场景高端智能生态,重新定义现代生活 追觅科技成立于2017年,是以高速数字马 达、智能算法、运动控制技术为核心的全球高端 科技品牌。其始终坚信"核心技术是一切的根本", 重视技术研发与创新。截至2025年12月,全球累 计申请专利超8000件,累计获得授权专利超 3000件。追觅科技旗下产品覆盖清洁、个护、厨 电等多元场景的高端智能产品矩阵，已成为智能 清洁领域的全球领导品牌。 魔法原子 聚焦机器人全栈自研,推动具身智能落地 魔法原子成立于2024年,是国内少数具备通 破桂 世 世 J7\///000 ヘエツイロリアム リアベリア ■ リア 超90%。不同于实验室构想,它坚持以商业化落 地为导向,发起"千景共创计划",在工厂、商业等 真实场景中锤炼机器人,解决"有用、好用、有人 用"的问题，加速技术转化为新质生产力。 灵猴机器人 视觉感知和运动控制技术,叩开自主创新大门 晚上 私董晚宴 3月28日 (周六) *仅限商学私董会、VIP学员参加 上午 灵猴机器人 灵猴机器人成立于2015 ...

以下文章来源于泽平宏观商学 ，作者泽平宏观商学 泽平宏观商学 . 前沿科技企业实战研学 读万卷书行万里路 2025 年 12 月 用心打造最有品质的实战研学。读万卷书，行万里路。把教室搬到世界上最优秀的企业， 请最优秀的企业家和科学家讲课。顺势而为，把握机遇。正心正念，坚持做长期正确的 事！ 我们期待与更多的企业家朋友们携手同行，共赴 2026 实战研学之旅！ 泽 ZEP 平 INGM 宏 ACR 观 O RE 商 SEAR 学 CH 1-6月日程安排 · 2月27日 北京 国内头部智驾科技企业 人形机器人 年研学安 型成 11月4日-11日 洛杉矶、拉斯维加斯、旧金山 CES、英伟达、特斯拉 谷歌、罗宾汉、playground 斯坦福大学、伯克利大学 3月27日-28日 苏州 追觅科技、魔法原子、灵猴机器人 闭门投研会-2026 Al 的中国力量(一) 3月29日 上海 长三角校友会 4月20日-21日 香港 2026 香港 Web3 嘉年华 复星财富、HashKey、港交所 5月22日-23日 1151 11:47:50 深圳 华为、新凯来、江波龙、莫界科技 闭门投研会—2026 Al 的中国力量(二) ...

泽平宏观商学 . 前沿科技企业实战研学 读万卷书行万里路 以下文章来源于泽平宏观商学 ，作者泽平宏观商学 企业简介 追更生态 全场景高端智能生态,重新定义现代生活 追觅科技成立于2017年,是以高速数字马 达、智能算法、运动控制技术为核心的全球高端 科技品牌。其始终坚信"核心技术是一切的根本", 重视技术研发与创新。截至2025年12月,全球累 计申请专利超8000件,累计获得授权专利超 3000件。追觅科技旗下产品覆盖清洁、个护、厨 电等多元场景的高端智能产品矩阵，已成为智能 清洁领域的全球领导品牌。 魔法原子 聚焦机器人全栈自研,推动具身智能落地 魔法原子成立于2024年,是国内少数具备通 破桂 世 世 J7\///000 ヘエツイロリアム リアベリア ■ リア 超90%。不同于实验室构想,它坚持以商业化落 地为导向,发起"千景共创计划",在工厂、商业等 真实场景中锤炼机器人,解决"有用、好用、有人 用"的问题，加速技术转化为新质生产力。 灵猴机器人 视觉感知和运动控制技术,叩开自主创新大门 灵猴机器人成立于2015年,是智能制造领域 的核心零部件供应商。其自主研发机器视觉、直 驱电机、工业机器人等核心产 ...

以下文章来源于泽平宏观商学 ，作者泽平宏观商学 泽平宏观商学 . 前沿科技企业实战研学 读万卷书行万里路 2025 年 12 月 用心打造最有品质的实战研学。读万卷书，行万里路。把教室搬到世界上最优秀的企业， 请最优秀的企业家和科学家讲课。顺势而为，把握机遇。正心正念，坚持做长期正确的 事！ 我们期待与更多的企业家朋友们携手同行，共赴 2026 实战研学之旅！ 泽 ZEP 平 INGM 宏 ACR 观 O RE 商 SEAR 学 CH 1-6月日程安排 · 2月27日 北京 国内头部智驾科技企业 人形机器人 年研学安 茅台一日无界 品品鲜智能工厂、遵义会址 织金打鸡洞 e(7-12月日程安排)e 型成 11月4日-11日 洛杉矶、拉斯维加斯、旧金山 CES、英伟达、特斯拉 谷歌、罗宾汉、playground 斯坦福大学、伯克利大学 3月27日-28日 苏州 追觅科技、魔法原子、灵猴机器人 闭门投研会-2026 Al 的中国力量(一) 3月29日 上海 长三角校友会 4月20日-21日 香港 2026 香港 Web3 嘉年华 复星财富、HashKey、港交所 5月22日-23日 1151 11:47:50 深圳 ...

文 任泽平 刚从美国回来，我才明白马斯克说的"超音速海啸"是什么意思。亲历CES和硅谷后，我只有一个感觉：震撼！一个新时代真的来了。 AI不是风口，是海啸。 1、CES变成AI展，机器人已"判若两人" 2026年，或许就是那个转折点。届时汽车行业将彻底洗牌。 今年CES只有一个主题：AI。整个展会火爆到难以想象。机器人、自动驾驶展位，挤得人山人海。 机器人的进步太快了。看到它们轻松地翻跟斗、打拳击、端盘子，还能安静地折纸。去年还有人嘲笑机器人笨拙，今年所有人都开始担心自己会 不会被替代。马斯克放出豪言，3年内Optimus机器人手术水平将超越全球顶尖医生。 在旧金山街头到处都是Waymo的无人驾驶出租车，行驶流畅。AI是这个时代最大机会，可能远超三十年前的IT互联网。 2、亲驾FSD后背心发凉，马斯克没吹牛 我试驾了特斯拉最新FSD。一个词，丝滑。全程无需接管，红绿灯、调头、进出主路，系统处理的比老司机还稳。马斯克坚持纯视觉，靠的是海 量数据和强大算力。 我把体验分享给国内的企业家。余承东认为，国内路况更复杂，加上激光雷达方案会更安全。 但一个共识是无人驾驶的大规模落地，比我们想象中快得多。马斯克、余承东、何 ...

Core Viewpoint - The article emphasizes that high-quality development is the primary task for building a modern socialist country, with a focus on enhancing residents' happiness index as a crucial aspect of achieving this goal. The research ranks the happiness index of 337 cities in mainland China, identifying Nanjing, Hangzhou, and Changsha among the top ten happiest cities in 2023. Group 1: Nanjing - Nanjing is recognized for its rich historical background, excellent transportation network, and abundant educational resources. The city has a favorable climate and high urban greenery, with a green coverage rate of 45.0% and a green land rate of 40.8% [8][9] - In 2022, Nanjing's GDP per capita reached 179,000 yuan, ranking first among provincial capital cities in China. The city has a diverse industrial structure, primarily driven by modern services and advanced manufacturing [9][10] - Nanjing boasts a concentration of higher education institutions, including 8 211 universities and 12 double first-class universities, and is a significant transportation hub with a well-developed public transport network [10] Group 2: Hangzhou - Hangzhou is characterized by its blend of historical heritage and modern vitality, with a strong emphasis on ecological civilization. The city has an air quality rate of 83.3% and a forest coverage rate of 65.3% [15][16] - The digital economy is a key driver of Hangzhou's growth, with the core industry value added exceeding 507.6 billion yuan in 2022, accounting for over 27.1% of the city's GDP [16][17] - The city maintains a strong population attraction, with a total population of 12.376 million by the end of 2022, and a continuous improvement in urbanization rate [17] Group 3: Changsha - Changsha is known for its vibrant night economy and balanced urban-rural development, with the night economy retail sales accounting for about 60% of the city's total retail sales in 2022 [21][22] - The city has a low cost of living among second-tier cities, with a housing price-to-income ratio of 8.9, making it attractive for young talents [22] - Changsha's urban-rural income disparity is minimal, with a ratio of 1.7, and the average disposable income for urban residents reached 35,481 yuan in 2023 [22] Group 4: Hefei - Hefei is recognized as the first "China Climate Comfortable City" provincial capital, with an air quality rate of 86.0% and a favorable climate for living [23][24] - The city has experienced rapid economic growth, with a GDP growth rate of 7.4% in the first half of 2023, entering the top 20 cities in China [24][25] - Hefei's population growth rate is the highest in the country, supported by its strong educational resources and innovation capabilities [25] Group 5: Zhoushan - Zhoushan is the only fourth-tier city in the top ten happiest cities, known for its beautiful island scenery and rich marine resources [27][28] - In 2022, Zhoushan's GDP per capita reached 167,000 yuan, ranking first in Zhejiang Province, with a low housing price-to-income ratio of 7.7 [28][29] - The city has a strong focus on ecological protection and sustainable development, with a PM2.5 annual average concentration of only 14 micrograms per cubic meter [29] Group 6: Wuhu - Wuhu is recognized as the second city in Anhui, with a strong focus on high-end manufacturing and a GDP of 450.21 billion yuan in 2022 [32][33] - The city has a low housing price-to-income ratio of 8.4, making it attractive for residents and contributing to stable population growth [33][34] - Wuhu's population growth rate was 1.6% in 2022, ranking third in the country, supported by favorable economic conditions and talent attraction policies [34] Group 7: Suzhou - Suzhou is an industrial powerhouse with the highest economic strength in Jiangsu Province, achieving a GDP of 2.4 trillion yuan in 2022 [36][37] - The city has a reasonable housing price-to-income ratio of 12.4, making it more affordable compared to other cities with similar economic strength [36] - Suzhou's urban construction and transportation infrastructure are well-developed, providing residents with a high quality of life [37] Group 8: Ningbo - Ningbo is a historical port city with a GDP of 1.57043 trillion yuan in 2022, showing a growth of 3.5% [41][42] - The city has a balanced urban-rural development, with a disposable income ratio of 1.7, indicating a narrowing income gap [42] - Ningbo's transportation infrastructure is highly developed, with an average commuting time of 31.3 minutes, contributing to residents' satisfaction [42] Group 9: Dalian - Dalian is known as the "Northeast Window," with a GDP of 843.09 billion yuan in 2022, ranking first in Liaoning Province [47][48] - The city has the highest population growth rate in Northeast China, supported by its quality education and healthcare resources [48] - Dalian's air quality is among the best in the country, with a high number of days with good air quality [46] Group 10: Zhuhai - Zhuhai is recognized for its excellent ecological environment, with a per capita GDP of 164,000 yuan in 2022 [49][50] - The city has a strong talent attraction capability, with a population growth of 58.8% from 2010 to 2022 [51] - Zhuhai's economic structure is diverse, focusing on high-end manufacturing and high-tech industries [50][51]

Core Viewpoint - The article emphasizes the importance of advanced technology companies in redefining modern life and driving economic growth, particularly in the fields of AI, robotics, and smart ecosystems [8][14]. Company Summaries 1. Chasing Technology - Founded in 2017, Chasing Technology focuses on high-speed digital motors, intelligent algorithms, and motion control technology, believing that "core technology is fundamental" [4][19]. - By December 2025, the company aims to have filed over 8,000 patents globally and received more than 3,000 authorized patents, establishing itself as a global leader in the smart cleaning sector [4][19]. 2. Magic Atom - Established in 2024, Magic Atom is one of the few companies in China with full-stack self-research capabilities for humanoid robots, boasting a hardware self-research rate exceeding 90% [5][20]. - The company focuses on commercializing its technology through the "Thousand Scenes Co-Creation Plan," applying its robots in real-world settings such as factories and businesses to enhance practical usability [5][20]. 3. Monkey Robotics - Founded in 2015, Monkey Robotics is a core supplier of components in the smart manufacturing sector, specializing in machine vision, direct-drive motors, and industrial robots [6][21]. - The company aims to expand into the embodied intelligence sector by offering a one-stop ODM service for intelligent robots, supported by a comprehensive management system and flexible production capabilities [6][21]. Industry Trends - The article highlights the shift of AI from virtual to physical realities, unlocking trillion-dollar market opportunities, particularly in service robots and core components for humanoid robots [9][18]. - Key discussions will focus on the investment logic within the robotics industry, emphasizing the importance of core components and their role in overcoming production bottlenecks [18].

以下文章来源于泽平宏观商学 ，作者泽平宏观商学 2月27日 北京 国内头部智驾科技企业 人形机器人 年研学安 型成 11月4日-11日 洛杉矶、拉斯维加斯、旧金山 泽平宏观商学 . 前沿科技企业实战研学 读万卷书行万里路 2025 年 12 月 用心打造最有品质的实战研学。读万卷书，行万里路。把教室搬到世界上最优秀的企业， 请最优秀的企业家和科学家讲课。顺势而为，把握机遇。正心正念，坚持做长期正确的 事！ 我们期待与更多的企业家朋友们携手同行，共赴 2026 实战研学之旅！ 泽 ZEP 平 INGM 宏 ACR 观 O RE 商 SEAR 学 CH CES、英伟达、特斯拉 1-6月日程安排 · "走进中国科创心脏 谷歌、罗宾汉、playground 斯坦福大学、伯克利大学 3月27日-28日 苏州 追觅科技、魔法原子、灵猴机器人 闭门投研会-2026 Al 的中国力量(一) 3月29日 上海 长三角校友会 4月20日-21日 香港 2026 香港 Web3 嘉年华 复星财富、HashKey、港交所 5月22日-23日 1151 11:47:50 深圳 华为、新凯来、江波龙、莫界科技 闭门投研会—2026 Al ...

Group 1 - The core viewpoint of the article emphasizes the rapid development of China's commercial space industry, highlighting significant advancements in launch frequency, satellite internet, and government support [3][4][5][6]. - In 2025, global space launches reached a record high of 337, a 28% increase from 263 in 2024, with China and the U.S. accounting for 84% of total launches [9][11]. - The establishment of commercial space as a strategic emerging industry in China was marked by its inclusion in the government work report in March 2025 and the formation of the Commercial Space Administration in November 2025 [12][18]. Group 2 - China's commercial space sector is entering an accelerated development phase, with a notable increase in private sector participation and a shift towards commercialization since 2015 [15][16]. - The government has significantly increased policy support for commercial space, transitioning from encouragement to institutional establishment and relaxed access [17][19]. - The cost of satellite launches has decreased, with domestic launch costs dropping from 115,000 yuan/kg in 2020 to 75,000 yuan/kg in 2024, although still higher than SpaceX's Falcon 9 [20]. Group 3 - SpaceX is leading the global commercial space industry, conducting 165 launches in 2025, which is 49% of the total, and plans to go public in 2026 [21][22]. - The development model represented by SpaceX focuses on extreme scalability, cost reduction, and continuous innovation, transforming space technology into practical global services [22][23]. - Other companies like Blue Origin and Virgin Galactic are also entering the commercial space sector, focusing on space tourism [23]. Group 4 - The first major application of future commercial space is low-orbit satellite internet, which is expected to enter the consumer market with services like SpaceX's Starlink Direct to Cell [25][27]. - The market potential for low-orbit satellite internet is vast, with estimates suggesting it could reach trillions in scale, as it targets consumer markets rather than just B2B [28][29]. - The second major application is the deployment of AI data centers in space, leveraging the unique environmental advantages of space for energy efficiency and cooling [33][36].

Core Insights - The article emphasizes the importance of practical learning experiences in cutting-edge technology sectors, highlighting the value of direct engagement with leading companies and experts in the field [12][24][46]. Schedule Overview - The schedule for 2025 includes visits to major technology companies such as Huawei, BYD, Tencent, and others, focusing on sectors like artificial intelligence, new energy, and biotechnology [23][24][61]. - Specific events are planned, including closed-door investment research meetings and thematic explorations of emerging industries [8][9][10]. Learning Experience - Participants will engage in deep explorations of technology companies, gaining insights into the full chain of development from laboratory to industrialization [12][24]. - The program aims to provide practical empowerment through discussions on technology trends, emerging industry ecosystems, and innovative business strategies [12][24]. Participant Feedback - Feedback from participants indicates that the program significantly enhances their understanding of macroeconomic trends and investment opportunities, fostering a community of like-minded entrepreneurs [41][46][47]. - Participants express appreciation for the unique learning environment that combines theoretical knowledge with real-world applications [46][47].