智通财经APP获悉，港股今早冲高回落，恒指及国指午后一度翻绿，恒科指数则表现最佳，盘中最高涨 超1%。截止收盘，恒生指数涨0.43%或111.24点，报25801.77点，全日成交额为1697.77亿港元；恒生国 企指数涨0.43%，报8939.68点；恒生科技指数涨0.87%，报5526.83点。 华泰证券指出，当前市场依然在左侧布局区间，右侧拐点尚未清晰。市场对春季躁动提前的一致预期较 强，但港股年底仍有供需压力，"Santa rally"有不确定性，一季度或是胜率更高的阶段。行业上，锂 矿、铜、航空及酒店盈利预期上修，或进入配置窗口；科技中AI龙头、困境反转的本地生活龙头和L3 落地后新品进展提供左侧布局机会。 蓝筹股表现 中芯国际(00981)领涨蓝筹。截至收盘，涨5.92%，报68.9港元，成交额62.76亿港元，贡献恒指27.67点。 中邮证券近期研报指出，今年以来，除去人工智能，其他主流应用市场温和增长或回稳。在国内产业链 切换迭代过程中，公司紧抓机会，成为客户稳定供应商，使得公司现在和可预测未来订单获得可持续的 保障。 其他蓝筹股方面，紫金矿业(02899)涨5.3%，报35.38港元，贡献恒 ...

消息面上，人形机器人行业近期催化频出。12月14日，优必选与国际半导体巨头美国德州仪器达成战略 合作，全年订单总金额突破13亿。12月18日，宇树G1人形机器人参与王力宏成都演唱会伴舞，并完成 较多高难度动作。12月19日，特斯拉官方发布视频展示Optimus从基础的运动控制到复杂场景交互的快 速演变过程。此外，千寻智能人形机器人正式在宁德时代（300750）生产线"上岗"。 机器人概念股今日普涨，截至发稿，极智嘉-W(02590)涨5.28%，报23.54港元；德昌电机控股(00179)涨 4.47%，报30.36港元；优必选(09880)涨2.95%，报115.1港元；三花智控（002050）(02050)涨2.01%，报 35.5港元。 东方证券发布研报称，近期特斯拉等人形机器人龙头公司展示了优秀的运控技术，我们认为随着产业进 入快速发展期，市场将更加关注量产情况。从量产的挑战来看，我们认为大脑模型是最重要挑战之一。 而为了推动大脑的快速进化，我们预计26H1有望出现更快速的量产。站在量产的未来看今天，我们认 为具备优秀制造和管理能力的零部件企业更加受益。 ...

智通财经APP获悉，机器人概念股今日普涨，截至发稿，极智嘉-W(02590)涨5.28%，报23.54港元；德 昌电机控股(00179)涨4.47%，报30.36港元；优必选(09880)涨2.95%，报115.1港元；三花智控(02050)涨 2.01%，报35.5港元。 消息面上，人形机器人行业近期催化频出。12月14日，优必选与国际半导体巨头美国德州仪器达成战略 合作，全年订单总金额突破13亿。12月18日，宇树G1人形机器人参与王力宏成都演唱会伴舞，并完成 较多高难度动作。12月19日，特斯拉官方发布视频展示Optimus从基础的运动控制到复杂场景交互的快 速演变过程。此外，千寻智能人形机器人正式在宁德时代生产线"上岗"。 东方证券发布研报称，近期特斯拉等人形机器人龙头公司展示了优秀的运控技术，我们认为随着产业进 入快速发展期，市场将更加关注量产情况。从量产的挑战来看，我们认为大脑模型是最重要挑战之一。 而为了推动大脑的快速进化，我们预计26H1有望出现更快速的量产。站在量产的未来看今天，我们认 为具备优秀制造和管理能力的零部件企业更加受益。 ...

Investment Rating - The report maintains a "Recommended" rating for the humanoid robot sector and the automotive industry [2][12]. Core Insights - The humanoid robot industry is accelerating from technology development to large-scale commercial application, with significant order growth from leading manufacturers [7]. - The first batch of L3 autonomous driving vehicles has received approval for conditional market entry, marking a critical step towards commercialization in China [10]. - The overall order volume for humanoid robots in 2025 is projected to exceed 30,000 units, with leading companies like UBTECH and UTree capturing significant market shares [6]. Summary by Sections Humanoid Robot Sector Market Performance - The Huaxin humanoid robot index fell by 1.47% this week, with a year-to-date return of 88.8% [21]. - The total order value for leading companies in the humanoid robot sector has surpassed 5 billion, with UBTECH's Walker series accounting for 1.3 billion [6][4]. Automotive Sector Market Performance and Valuation - The CITIC automotive index increased by 0.1%, outperforming the broader market by 0.4 percentage points [37]. - The automotive sector's PE ratio is at 31.8, positioned at the 36.4% percentile over the past four years, while the PB ratio is at 3.0, at the 96.3% percentile [54]. Industry Data Tracking - From December 1-14, the average daily retail of passenger vehicles in China decreased by 24% year-on-year, with total retail reaching 76.4 million units [60]. - The average price of rubber has increased, while prices for steel, copper, and aluminum have decreased [67]. Company Announcements - UBTECH has secured a strategic partnership with Texas Instruments, with total orders exceeding 1.3 billion [5]. - Moulding Technology has signed a procurement framework agreement for humanoid robot components, marking a significant step into the humanoid robot industry [74].

压电马达是利用压电体的压电逆效应来转换机电能量的马达。其原理与基于电磁感应的普通电机有明显不同，但 基本功能和分类大致相同。压电马达一般分为交流压电马达和直流压电马达。运动方式分为旋转运动和直线运动 两种。压电马达由振动部分和运动部分两部分组成，没有绕组、磁铁和绝缘结构。功率密度比普通电机高很多， 但输出功率有限，所以要做成轻、薄、短的形式。其输出多为低速大推力（或扭矩），可直接驱动负载。 这种 电机没有内部磁场，机械振动频率在可听范围之外，因此对外界的电磁干扰和噪声很小。 压电马达易于批量生 产。 行业目前现状分析 0 1 下游应用 压电马达的应用领域十分广泛且不断拓展。在消费电子领域，广泛用于智能手机摄像头的自动对焦机构和触觉反 馈系统；在工业自动化领域，是精密仪器、机器人关节驱动和定位平台的核心部件；在医疗设备领域，服务于内 窥镜、显微手术机器人等需要精密控制的器械；在高端制造领域，应用于半导体制造、光学仪器调整、航空航天 器的精密机构等场景。未来，随着微型化和高性能化的发展，其应用场景还将进一步拓宽。 市场竞争格局 全球压电马达市场呈现多元化竞争态势，目前由日本、欧洲的知名企业在技术和高端市场上占据相 ...

Group 1 - The Hang Seng Index rose by 0.19%, gaining 48 points to close at 25,809 points, while the Hang Seng Tech Index increased by 0.58% [1] - The trading volume in the Hong Kong stock market reached 92.2 billion HKD in the morning session [1] - Robotics concept stocks led the gains, with several stocks rising over 3%, driven by reports of the Trump administration promoting the robotics industry [1] Group 2 - UBTECH (09880) rose over 3% after announcing a partnership with ZHOS Technology to deploy 10,000 humanoid robots over five years [2] - Hesai Technology (02525) increased by over 6% following the release of its self-developed RISC-V laser radar main control chip, Fermi C500 [2] - InnoCare Pharma (02577) saw a rise of over 4% after forming a strategic partnership with ON Semiconductor to advance the GaN ecosystem [2] - Dazhong Public Utilities (01635) surged over 6% ahead of the listing of Moole Thread, with its subsidiary Deep Venture Capital participating in the investment [2] - Global New Materials International (06616) rose over 5%, with its stock price doubling since the end of October, following an increase in holdings of Seven Color Pearl Coatings [2] - Gilead Sciences-B (01672) increased over 9% after repurchasing 1.3 million shares and announcing a buyback of up to 300 million HKD [2] - Kacos-B (01167) saw a mid-session rise of over 5% after its subsidiary received a 125 million HKD initial payment for a joint therapy featured in The Lancet [2] - Pacific Shipping (02343) rose over 4% as the BDI index reached a nearly two-year high, indicating a turning point for the dry bulk shipping industry [2] - Capital Market Holdings (00204) fell over 40%, with a cumulative decline of over 80% this week, following a significant transfer of shares [2]

Group 1 - The core viewpoint of the articles highlights significant stock movements in the Hong Kong and US markets, driven by company announcements and strategic partnerships [1][2][5][6][7]. Group 2 - Gilead Sciences-B (01672) saw a nearly 9% increase after announcing a share buyback plan, utilizing up to 300 million HKD for repurchases [1]. - OSL Group (00863) rose nearly 2% as it plans to offer compliant digital asset trading services in Europe by Q1 2026 [1]. - Gako Science-B (01167) increased over 5% following a 125 million RMB payment from Haisheng Capital, enhancing its cash reserves for oncology therapy development [1]. - Zhida Technology (02650) surged over 4%, reaching a new high, after signing a sales order exceeding 100 million RMB with Saudi Controls Ltd for a five-year collaboration [2]. - Capital界金控 (00204) fell over 40%, marking a historical low, with a cumulative decline exceeding 80% for the week [2]. - Semiconductor stocks performed well, with Huahong Semiconductor (01347) up 3.18%, Shanghai Fudan (01385) up 2.79%, and SMIC (00981) up 1.86% [2]. - Pacific Shipping (02343) rose nearly 5% as the Baltic Dry Index reached 2845 points, a 9.42% increase, marking the largest rise since October 2025 [3]. - Aoda Holdings (09929) resumed trading with a surge of over 200%, following a major share sale involving 1.5 billion shares at a price of 0.11 HKD per share [4]. - Robotics stocks saw significant gains, with Dechang Motor Holdings (00179) up 9.11% and Sanhua Intelligent Control (02050) up 9.06% [4]. - Ansem Semiconductor (ON.US) rose 11.01% after announcing a strategic partnership with Innosec to advance GaN technology applications [5]. - The Nasdaq Golden Dragon Index fell 1.38%, with notable declines in popular Chinese stocks like Xpeng Motors (XPEV.US) down 4.02% and Alibaba (BABA.US) down 1.89% [5]. - Microchip Technology (MCHP.US) increased by 12.17% after raising its revenue and earnings per share forecasts due to strong booking performance [6]. - Bitcoin-related stocks saw gains, with Iren Ltd (IREN.US) up 6.91% and Coinbase (COIN.US) up 5.19% [6]. - The robotics sector in the US experienced a boost, with Richtech Robotics (RR.US) up 18.54% and iRobot (IRBT.US) up 73.85% amid government support for the industry [7].

机器人概念股走强，三花智控涨超9%。美国商务部长卢特尼克近期密集会晤机器人行业CEO，明确表 示政府将"全力支持"（all in）该行业加速发展，并透露特朗普政府正考虑于明年发布机器人领域专项行 政命令。这一动向标志着继人工智能后，机器人产业正成为全球主要经济体竞争的新焦点。 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 | 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 02050 | 三花智控 | 35.440 | 9.18% | | 00179 | 德昌电机控股 | 31.400 | 9.18% | | 02590 | 极智嘉-W | 25.460 | 5.47% | | 02252 | 微创机器人-B | 23.680 | 4.59% | | 09660 | 地平线机器人-W | 8.090 | 4.39% | | 00558 | 力劲科技 | 3.360 | 4.35% | | 09880 | 优必选 | 113.500 | 3.84% | | 02670 | 75 % | 179.000 | 3.47% | | 00697 ...

机器人概念股涨幅居前，截至发稿，德昌电机控股（00179）上涨6.54%，报30.64港元；三花智控 （02050）上涨6.16%，报34.46港元；优必选（09880）上涨3.39%，报113港元；越疆（02432）上涨 3.29%，报40.2港元。 来源：新浪港股 ...

Core Viewpoint - The robot concept stocks have seen significant gains, driven by the U.S. government's push to accelerate the development of the robotics industry [1] Group 1: Stock Performance - Dechang Motor Holdings (00179) increased by 6.47%, trading at 30.62 HKD [1] - Sanhua Intelligent Control (002050) rose by 6.16%, trading at 34.46 HKD [1] - UBTECH (09880) saw a 3.39% increase, trading at 113 HKD [1] - Yuejiang (02432) grew by 3.29%, trading at 40.2 HKD [1] Group 2: Government Initiatives - The Trump administration is actively promoting the development of the robotics industry, with Commerce Secretary Howard Lutnick meeting with CEOs in the sector [1] - The government is considering issuing an executive order on robotics next year [1] - The U.S. Department of Transportation is preparing to announce a robotics working group, potentially to be established by the end of the year [1] Group 3: Market Outlook - Citigroup's latest report predicts that global humanoid robot production will enter an exponential growth phase by 2026, expected to at least double compared to 2025 [1] - The growth path for various segments of the industry is clear, with high-value core components and rigid demand in the upstream [1] - Orders and mass production progress for complete machine enterprises are accelerating, indicating a transition from technology validation to large-scale production, presenting high long-term investment value [1]