每经AI快讯，9月17日，机器人概念股早盘再度强势，截至发稿，德昌电机控股(00179.HK)涨8.4%，报 41.3港元；三花智控(02050.HK)涨7.64%，报42港元；首程控股(00697.HK)涨7.59%，报2.55港元；速腾 聚创(02498.HK)涨5.95%，报45.2港元。 ...

消息面上，特斯拉CEO马斯克在社交平台上透露，下周将在特斯拉内部与各部门开会，重点关注人工智能/自动驾 驶系统、擎天柱(Optimus)机器人生产计划以及车辆生产和交付。 港股市场机器人概念股全线走强，其中，首程控股涨超11%，德昌电机控股涨超6%，速腾聚创、华虹半导体涨超 5%，地平线机器人-W涨超4%，港仔机器人、三花智控、极智嘉-W、越疆涨超3%。 另外还值得注意的是，PharmAGRl已与特斯拉签署意向书，将在其自营农产运营、原料药(API)合成及处方药生产 环节部署多达1万台0ptimus 3+人形机器人。 | 代码 | 名称 | 涨跌幅 √ | 最新价 | 总市值 | 年初至今涨跌 | | --- | --- | --- | --- | --- | --- | | 00697 | 首程控股 | 11.39% | 2.640 | 217.56亿 | 164.56% | | 00179 | 德昌电机控股 | 6.51% | 40.580 | 379.18 Z | 287.95% | | 02498 | 速腾聚创 | 5.77% | 45.120 | 213.33 Z | 46.97% | | 0134 ...

国金证券认为，今年第四季度机器人行业有望借助海内外市场共振，开启延续至2026年的长期上升周 期。该券商表示，机器人板块投资具备高确定性，建议关注国产供应链中的关键位置卡位公司，以 及"垂类场景应用"。民生证券表示，机器人板块在四季度将迎来重磅催化，T链将成为核心主线。资本 维度上，头部国产人形主机厂的证券化进程不断加速，正在成为板块情绪新的催化剂。 消息面上，近期，机器人产业催化不断。特斯拉机器人方面，马斯克此前发文称，计划于本周六对特斯 拉的AI5芯片设计进行技术评审，并下周机器人相关召开会议。早前，马斯克以每股平均价389.3美元增 持公司256.9万股，价值约为10亿美元。此前，特斯拉董事会向马斯克提出一份全新的薪酬方案，潜在 价值接近1万亿美元。此外，国内方面，宇树科技将于今年四季度提交IPO申报材料。 机器人概念股早盘再度强势，截至发稿，德昌电机控股(00179)涨8.4%，报41.3港元；三花智控 （002050）(02050)涨7.64%，报42港元；首程控股(00697)涨7.59%，报2.55港元；速腾聚创(02498)涨 5.95%，报45.2港元。 ...

国金证券认为，今年第四季度机器人行业有望借助海内外市场共振，开启延续至2026年的长期上升周 期。该券商表示，机器人板块投资具备高确定性，建议关注国产供应链中的关键位置卡位公司，以 及"垂类场景应用"。民生证券表示，机器人板块在四季度将迎来重磅催化，T链将成为核心主线。资本 维度上，头部国产人形主机厂的证券化进程不断加速，正在成为板块情绪新的催化剂。 智通财经APP获悉，机器人概念股早盘再度强势，截至发稿，德昌电机控股(00179)涨8.4%，报41.3港 元；三花智控(02050)涨7.64%，报42港元；首程控股(00697)涨7.59%，报2.55港元；速腾聚创(02498)涨 5.95%，报45.2港元。 消息面上，近期，机器人产业催化不断。特斯拉机器人方面，马斯克此前发文称，计划于本周六对特斯 拉的AI5芯片设计进行技术评审，并下周机器人相关召开会议。早前，马斯克以每股平均价389.3美元增 持公司256.9万股，价值约为10亿美元。此前，特斯拉董事会向马斯克提出一份全新的薪酬方案，潜在 价值接近1万亿美元。此外，国内方面，宇树科技将于今年四季度提交IPO申报材料。 ...

| 代码 | 名称 | 涨跌幅 √ | 最新价 | 总市值 | 年初至今涨跌 | | --- | --- | --- | --- | --- | --- | | 00697 | 首程控股 | 11.39% | 2.640 | 217.56亿 | 164.56% | | 00179 | 德昌电机控股 | 6.51% | 40.580 | 379.18亿 | 287.95% | | 02498 | 速腾聚创 | 5.77% | 45.120 | 213.33亿 | 46.97% | | 01347 | 华虹半导体 | 5.53% | 56.300 | 976.03亿 | 160.05% | | 09660 | 地平线机器人-W | 4.11% | 10.880 | 1510.28亿 | 202.22% | | 02590 | 极智嘉-W | 3.97% | 25.680 | 343.42 Z | 52.86% | | 02050 | 三花智控 | 3.69% | 40.460 | 1702.93亿 | 79.58% | | 00370 | 港仔机器人 | 3.68% | 1.410 | 29.49亿 | 464. ...

Group 1 - The core viewpoint of the article highlights the continued upward trend in robotics concept stocks, with notable increases in share prices for companies like UBTECH, Delta Electronics, and others [1] - Elon Musk purchased 2.57 million shares of Tesla stock, valued at nearly $1 billion, and Tesla proposed a potential $1 trillion equity incentive plan that includes delivering 1 million humanoid robots over the next decade [1] - Analysts suggest that the most pessimistic period of production cuts and model changes has passed, with more positive catalysts expected in the second half of the year, particularly in the robotics sector both domestically and internationally [1] Group 2 - The article mentions that Morgan Stanley previously indicated that the commercialization and scaling of humanoid robots is unprecedented [1] - There is an expectation of a resonance in the industry due to new product launches, capital operations, and order placements in the domestic market, alongside ongoing iterations and gradual mass production in international markets [1]

Investment Rating - The mechanical equipment sector is rated as "Outperform" compared to the market, with a weekly increase of 3.52% against the Shanghai Composite Index's 1.38% [2][11]. Core Insights - The mechanical equipment sector has shown strong performance, particularly in laser equipment, which increased by 10.13% [2][11]. - The overall PE-TTM valuation for the mechanical equipment sector rose by 3.43%, with the highest performing sub-sectors being laser equipment (+10.53%), robotics (+7.21%), and industrial control equipment (+6.28%) [19][18]. - The report highlights significant developments in humanoid robots entering industrial applications, particularly in the semiconductor display industry, with a notable order of nearly 500 million yuan for deployment in various operations [5][10]. Summary by Sections Industry Performance - The mechanical equipment sector ranked 7th out of 31 in the Shenwan industry rankings for the week [2][11]. - The sector's PE-TTM is currently at 37.1x, with the robotics sub-sector leading at 199.9x [18][19]. Key Developments - Major companies are advancing in product cost reduction and channel expansion, particularly in the robotics sector, with recommendations to focus on core component suppliers like 德昌电机控股 and 中大力德 [4]. - The advanced packaging industry is expected to benefit significantly from high demand for key equipment, with companies like 盛美上海 and 长川科技 highlighted for their growth potential [4]. - The report notes the acceleration of nuclear fusion engineering, with key technology demands expected to enhance industry activity, recommending关注西部超导 and 合锻智能 [4]. Company Announcements - 拓荆科技 plans to raise up to 46 billion yuan for the construction of a high-end semiconductor equipment industrialization base and a cutting-edge technology R&D center [27]. - The report mentions significant contracts and collaborations, including a 2.35 billion yuan industrial service contract signed by 博实股份 [29] and advancements in carbon-silicon technology by 晶盛机电 [31].

德昌电机控股(00179)涨超9%，年内股价已累涨超2.2倍。截至发稿，涨9.5%，报33.88港元，成交额4.24 亿港元。 消息面上，今年7月，德昌电机控股宣布与上海机电（600835）成立两个合资公司，其中设计制造公司 由德昌电机控股51%，销售公司由上海机电控股，德昌电机持股49%。成立两个合资公司的主要目的是 服务国内人形机器人市场。拟开发的产品包括腰部、胯部关节、膝关节和踝关节，以及灵巧手执行器和 传感器。花旗此前指，虽然德昌电机控股首财季的销售额下跌2%，但由于稳健的积压订单，预计销售 额将于第二季及第三季恢复增长。另外，由于公司在仿人机械人市场的发展势头良好，料将带来更大规 模的商机。 此外，据公司此前年报，德昌电机控股正在布局差异化及创新型驱动系统解决方案，包括机器人、仓库 自动化、医疗设备、电动单车，以及高精密制造及测量设备。计划进入AI服务器热管理系统业务。根 据公司官网，AI服务器热管理业务包括冷却泵等热管理系统零部件。2025年5月公司全新推出DCP系列 液冷泵，该系列产品具备高效能、低噪音与模组化设计，专为现代化资料中心与AI伺服器架构量身打 造。 ...

消息面上，今年7月，德昌电机控股宣布与上海机电成立两个合资公司，其中设计制造公司由德昌电机 控股51%，销售公司由上海机电控股，德昌电机持股49%。成立两个合资公司的主要目的是服务国内人 形机器人市场。拟开发的产品包括腰部、胯部关节、膝关节和踝关节，以及灵巧手执行器和传感器。花 旗此前指，虽然德昌电机控股首财季的销售额下跌2%，但由于稳健的积压订单，预计销售额将于第二 季及第三季恢复增长。另外，由于公司在仿人机械人市场的发展势头良好，料将带来更大规模的商机。 此外，据公司此前年报，德昌电机控股正在布局差异化及创新型驱动系统解决方案，包括机器人、仓库 自动化、医疗设备、电动单车，以及高精密制造及测量设备。计划进入AI服务器热管理系统业务。根 据公司官网，AI服务器热管理业务包括冷却泵等热管理系统零部件。2025年5月公司全新推出DCP系列 液冷泵，该系列产品具备高效能、低噪音与模组化设计，专为现代化资料中心与AI伺服器架构量身打 造。 智通财经APP获悉，德昌电机控股(00179)涨超9%，年内股价已累涨超2.2倍。截至发稿，涨9.5%，报 33.88港元，成交额4.24亿港元。 ...

Market Overview - The A-share market experienced a high-level adjustment, leading to short-term fluctuations in the Hong Kong stock market. The Hang Seng Index closed at 25,496.55 points, down 120.87 points, a decrease of 0.47%. The Hang Seng Tech Index closed at 5,728.46 points, down 70.50 points, a decrease of 1.22% [1][2]. Robotics Sector Performance - Despite the overall market weakness, the robotics sector in Hong Kong stocks performed strongly, with notable gains: MicroPort Robotics-B surged over 12%, and Delta Electronics Holdings rose over 8%. Other companies like First Journey Holdings, UBTECH, and越疆 also saw significant increases [3][4]. - The strong performance of the robotics sector in Hong Kong was mirrored by positive results in the A-share robotics concept stocks, attributed to a significant market rumor [5]. Tesla's Influence - A leading robotics company reportedly held a meeting with Tesla, which provided an optimistic production capacity outlook for the next year. Tesla is preparing for a potential production ramp-up, with weekly production possibly reaching 10,000 units by Q3 next year if the rumors are confirmed [5][6]. - Tesla's recent "Master Plan Part IV" emphasizes the importance of innovation and autonomous technology, aiming to drive global transition towards a sustainable society through electric vehicles, energy products, and humanoid robots [5]. Investment Sentiment and Market Dynamics - The robotics sector is expected to gain certainty with the anticipated launch of Tesla's V3 robot in Q4, which could stabilize the technology route and supply chain [5]. - Other sectors such as medical beauty, smart home, and chain hotels also showed resilience, while Chinese bank stocks served as a safe haven, with several banks seeing gains of over 1% [7]. - Conversely, Chinese brokerage stocks performed poorly, with most experiencing declines, and tech stocks like Alibaba and JD.com also faced slight pullbacks [7][9]. Future Market Outlook - The current adjustment in the Hong Kong market is linked to concerns about the overheating of the A-share market, raising questions about the sustainability of the upward trend in Hong Kong stocks [10]. - Analysts suggest that the A-share market is in a favorable environment with improving liquidity and potential policy catalysts, which may support continued upward momentum [12]. - The market is expected to maintain a steady upward trend in the short term, with close attention to policy, liquidity, and external market changes [13].