人形机器人交付加速背后，是优必选在具身智能人形机器人上持续的研发投入，以及对工业应用场景的长期聚焦。继今年3月在极氪 5G智慧工厂开展全球首例多台、多场景、多任务的人形机器人群体智能协同实训后，优必选对群脑网络进行了2.0版本的迭代升级， 同时自研全球首个专用于工业人形机器人本体的智能体技术Co-Agent，构建了AI双循环，实现人形机器人单机自主和群体协同的螺 旋式进化，形成产线级任务执行能力，包括协同搬运、协同分拣、协同操作、协同质检等。 优必选持续致力于推动发展仿人大脑、仿人小脑、高性能肢体等关键技术群，在高性能伺服驱动器技术、大模型技术、四目语义 VSLAM技术、学习型运动控制技术、纯视觉双目成像与感知技术、多模态交互技术等实现突破。这些创新技术已经应用于全新一代 的全尺寸工业人形机器人Walker S2上，使其具备更加出色的任务规划技能、灵巧操作技能、导航移动技能、人机交互技能。 Walker S2还搭载了由优必选全球首创的人形机器人热插拔自主换电系统，以3分钟自主换电和7×24小时连续作业能力，重新定义了人 形机器人能源管理范式，构建"永不停机的新质生产力"。 8月29日，优必选(09880)公布 ...

2025年上半年，优必选持续聚焦工业场景规模化落地，Walker S系列实训迈入2.0阶段，通过多机协同执 行产线级任务，串联起料箱搬运、SPS分拣、零件安装、过程材料操作、质量检查等一系列工位级任 务。公司与客户签订全球首份工业具身智能人形机器人小批量采购合同，具身智能人形机器人从实训阶 段正式迈向商业化应用。 公告显示，公司将持续投入工业版具身智能人形机器人Walker S系列新机型研发，深度迭代人形机器人 全栈式技术，攻关一体化关节、仿人五指灵巧手、群脑网络BrainNet架构、协作智能体Co-Agent、学习 型运动控制、空间智能、ROSA系统等具身智能关键技术。公司将进一步全面提升Walker S系列产品的 轻量化水平、整机集成度、系统稳定性、群体协同能力、单机自主能力，与工人、AGV、无人物流车 以及智能制造管理系统协同，为工业场景提供稳定、可靠、安全、实用的服务，提升工业制造的智能 化、柔性化水平。 格隆汇8月29日丨优必选(09880.HK)公布中期业绩，2025年上半年，公司实现营业收入人民币6.22亿 元，同比增长27.5%，其中，来自教育智能机器人及智能机器人解决方案的营业收入为人民币2 ...

深 圳 市 優 必 選 科 技 股 份 有 限 公 司 （於中華人民共和國註冊成立之股份有限公司） （股份代號：9880） 截 至2025年6月30日止六個月之 中期業績公告 深 圳 市 優 必 選 科 技 股 份 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 宣 佈 本 公 司 及 其 附 屬 公 司（統 稱 為「本集團」、「我 們」或「優必選」）截 至 2025年6月30日 止 六 個 月（「報告期間」）之 未 經 審 計 綜 合 中 期 業 績，連 同2024 年 同 期 之 比 較 數 字。 – 1 – 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因依賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 UBTECH ROBOTICS CORP LTD 財務概要 | | | | | | | | | | | | | | | | 截 | | | 至6月30日止六個月 | | | | --- | --- | ...

Core Viewpoint - The new generation of enterprises in Shenzhen is shifting from a focus on speed and resource integration to a deeper, more sustainable approach that emphasizes product development and innovation, while leveraging existing strengths in technology and industry [1][29]. Group 1: Shenzhen's Economic Evolution - Shenzhen's competitive edge historically stemmed from its rapid resource integration and market responsiveness, exemplified by the "one-meter counter" model in Huaqiangbei, which has produced numerous billionaires [2][3]. - Recent discussions suggest that the innovative vitality represented by the "one-meter counter" is fading, with new first-tier cities like Hangzhou and Hefei gaining momentum in emerging industries [2][3]. Group 2: New Business Models and Innovations - New enterprises are exploring innovative solutions, such as humanoid robots for production tasks, advanced automotive electronics, and AI-driven systems for collaborative work [3][4]. - Companies like Youbixun and Zhifang are developing humanoid robots for industrial applications, while Ouyue Semiconductor focuses on next-generation automotive chip development [3][4]. Group 3: Infrastructure and Support Services - Hardware innovation service providers like Jialichuang are lowering barriers for hardware startups by offering comprehensive services from PCB prototyping to assembly [4][11]. - The shift in business logic from the "one-meter counter" model to these new enterprises indicates a transformation in Shenzhen's growth dynamics [5]. Group 4: Rapid Prototyping and Talent Pool - Shenzhen's innovation process emphasizes rapid prototyping, where ideas are quickly turned into tangible products, supported by a dense network of suppliers and skilled professionals [7][8]. - The concentration of talent in specific sectors, such as the "robot valley," enhances the efficiency of product development and iteration [8][9]. Group 5: Globalization and Market Strategy - New enterprises are adopting global strategies, with companies like Daotong Technology establishing production bases in multiple countries to mitigate geopolitical risks and enhance regional collaboration [19][20]. - KuSai Intelligent focuses on empowering overseas brands by leveraging Shenzhen's R&D and supply chain capabilities, rather than pursuing a self-branded global presence [19][20]. Group 6: Focus on Real-World Applications - Companies are prioritizing practical applications over trendy concepts, with a focus on solving real-world problems in sectors like AI and robotics [15][18]. - The emphasis on addressing immediate labor shortages in manufacturing through automation reflects a pragmatic approach to innovation [18][24]. Group 7: Commitment to Product Development - The new generation of Shenzhen enterprises is characterized by a commitment to product strength, with significant investments in R&D and manufacturing capabilities [25][26]. - Jialichuang's strategy of self-built production facilities and proprietary software development exemplifies the focus on quality and efficiency in manufacturing [26][27]. Group 8: Transition to Physical Economy - The shift from digital innovation to addressing complex issues in the physical economy is evident, with a focus on robotics, smart automotive technology, and AI applications [22][24]. - The integration of AI in manufacturing processes aims to enhance productivity and address labor challenges, marking a significant evolution in Shenzhen's industrial landscape [24][28].

Core Insights - A new education technology company, Suqian Ubtech Education Technology Co., Ltd., has been established, focusing on AI software development and digital cultural creative software [1] Company Summary - The new company is wholly owned by Ubtech Robotics (09880.HK) through indirect holdings [1] - The legal representative of the new company is Zhong Yong, indicating a structured leadership [1] - The business scope includes artificial intelligence application software development, digital cultural creative software development, and network and information security software development [1]

Group 1 - A new company, Suqian Ubtech Education Technology Co., Ltd., has been established with a legal representative named Zhong Yong [1] - The company's business scope includes artificial intelligence application software development, digital cultural creative software development, and network and information security software development [1] - The company is indirectly wholly owned by Ubtech Robotics [1]

Group 1 - The core announcement is that UBTECH has launched the Walker S2, the world's first humanoid robot with autonomous battery swapping capabilities [1] - The Walker S2 integrates NVIDIA Isaac Sim and Jetson AGX Thor technologies, indicating a significant advancement in robotics [1]

Group 1: Hong Kong Stocks Performance - Miniso (09896) surged over 20% after reporting a 10% year-on-year increase in adjusted net profit for Q2, with TOP TOY revenue skyrocketing by 87.0% [1] - Li Ning (02331) rose over 6% as it announced a 3.3% year-on-year increase in revenue and declared an interim dividend of HKD 0.3359 per share [1] - Innovent Biologics (02096) increased by over 6% following a 26% year-on-year growth in innovative drug revenue, expanding its commercialized innovative drug portfolio to ten products [1] - Tuhu-W (09690) gained over 10% after reporting a 14.6% year-on-year increase in adjusted net profit while continuing to optimize supply-side costs [1] - Kuaishou-W (01024) rose over 4% with impressive Q2 results and accelerated commercialization [1] - UBTECH (09880) increased over 3% as it led the establishment of two national technical standards for humanoid robots [1] - InnoCare Pharma (02577) saw a rise of over 5% after announcing a partnership with NVIDIA [1] Group 2: Other Notable Performances - China Communications Services (00552) fell over 2% despite a slight 0.18% year-on-year increase in net profit attributable to shareholders, with stable development among its three major clients [2] - Parkson Group (03368) surged nearly 25% after reporting a turnaround to profitability in the first half of the year and proposing an interim dividend of HKD 0.02 per share [2] - Esprit Holdings (00330) jumped over 37% after issuing a profit warning, expecting a net profit of approximately HKD 1 million for the six months ending June 30, 2025 [2] - XPeng Motors (09868) rose over 10% as CEO He Xiaopeng increased his stake by purchasing 3.1 million Class A ordinary shares at an average price of HKD 80.49 per share [2] Group 3: US Market Highlights - Coty (COTY.US) plummeted 21.60% due to weak performance in the US market, retailer destocking, and consumers seeking value, impacting Q4 results [3] - NIO (NIO.US) increased by 9.27% ahead of the launch of its new ES8 product and the start of pre-sales [3] - Huazhu Group (HTHT.US) continued to rise by 2.19% with a 41.3% year-on-year increase in revenue and net profit, benefiting from management franchise and licensing business [3] - Boss Zhipin (BZ.US) rose 6.61% after reporting an over 85% year-on-year increase in net profit for the mid-year and extending its share buyback plan [3] - Youlan Group (YOUL.US) surged 17.13% after announcing plans to acquire four companies to expand its online recruitment and regional market share [3] - Hesai Technology (HSAI.US) increased by 11.00% amid market speculation about a potential IPO in Hong Kong to raise approximately USD 300 million [3] Group 4: Additional US Stock Movements - Miniso (MNSO.US) rose 6.38% after reporting a revenue of CNY 9.39 billion for the first half of the year, a year-on-year increase of 21.1%, with adjusted net profit of CNY 1.28 billion [4] - Walmart (WMT.US) fell 4.49% as Q2 adjusted earnings per share fell short of expectations due to increased insurance claims, legal fees, and restructuring costs [4] - Gilead Sciences (GILD.US) dropped 2.18% after CVS Health decided not to include Gilead's new HIV prevention drug Yeztugo in its business plans [4] - XPeng Motors (XPEV.US) rose 11.68% following the CEO's purchase of 3.1 million Class A ordinary shares [5] - Aegon (AEG.US) increased by 7.64% after reporting a turnaround to profitability in the first half of 2025, primarily driven by growth in its US business [5]

值得注意的是，7月28日，优必选发布公告，配售事项已完成，合共配售3015.545万股，募集总资金24.1 亿港元，其中超10亿港元将用于向供应商及服务提供商支付款项。据悉，优必选本次配售所募集资金总 额超过前四次配售金额的总和，成为资本市场有史以来最大一笔人形机器人上市公司股票配售融资，并 获得国家主权基金、重要产业资本、长线基金和多策略基金的热烈追捧。此外，优必选此前宣布中标觅 亿(上海)汽车科技有限公司逾9,051万元人民币机器人设备采购项目，此次中标订单是目前全球人形机器 人金额最大的采购订单。 优必选(09880)早盘涨超3%，截至发稿，涨3.15%，报91.55港元，成交额4.97亿港元。 消息面上，据上证报报道，优必选第一牵头的《人形机器人技术要求第6部分：定位导航》、联合北京 机械工业自动化研究所有限公司牵头的《人形机器人技术要求 第7部分：人机交互》两项国家标准正式 获批立项。今年4月份，优必选还牵头了首批人形机器人技术要求国家标准，负责制定作业操作技术要 求。 ...

值得注意的是，7月28日，优必选发布公告，配售事项已完成，合共配售3015.545万股，募集总资金24.1 亿港元，其中超10亿港元将用于向供应商及服务提供商支付款项。据悉，优必选本次配售所募集资金总 额超过前四次配售金额的总和，成为资本市场有史以来最大一笔人形机器人上市公司股票配售融资，并 获得国家主权基金、重要产业资本、长线基金和多策略基金的热烈追捧。此外，优必选此前宣布中标觅 亿(上海)汽车科技有限公司逾9,051万元人民币机器人设备采购项目，此次中标订单是目前全球人形机器 人金额最大的采购订单。 智通财经APP获悉，优必选(09880)早盘涨超3%，截至发稿，涨3.15%，报91.55港元，成交额4.97亿港 元。 消息面上，据上证报报道，优必选第一牵头的《人形机器人技术要求第6部分：定位导航》、联合北京 机械工业自动化研究所有限公司牵头的《人形机器人技术要求 第7部分：人机交互》两项国家标准正式 获批立项。今年4月份，优必选还牵头了首批人形机器人技术要求国家标准，负责制定作业操作技术要 求。 ...