公司的工业人形机器人Walker S1、Walker S2和商用人形机器人Walker C等形成较领先的产品矩阵。公 司在极氪工厂落地全球首例多机器人协同作业，与居然智家展开深度合作，逐步推动"硬件+大脑+运 营"生态闭环。公司人形机器人订单展望乐观，2025年计划量产1000台人形机器人。截至2025年9月，公 司工业人形机器人总订单金额已逼近4.3亿元。 仿生机构定义工业标准，全栈自研构建生态护城河 公司技术全栈自研，牵头参与行业标准制定，完成直线关节的技术验证，压力感知灵巧手迭代至第四 代，实现机器人自主换电。公司群脑网络2.0与Co-Agent构成工业人形机器人AI双循环体系，公司同时 利用强化学习实现拟人运动控制。 智通财经APP获悉，财通证券发布研报称，首次覆盖优必选(09880)，给予"增持"评级，预计公司2025- 2027年营业收入分别为19.41/27.50/36.27亿元，同比分别增长48.69%/41.67%/31.90%，对应2025-2027年 PS为33/23/17倍。公司作为国产人形机器人龙头之一，商业化拐点临近，最新一轮配售募得约24.10亿港 元。 1)Walker人形机器 ...

从鼎捷数智十大流通股东角度 数据显示，财通证券资管旗下1只基金位居鼎捷数智十大流通股东。财通资管数字经济混合发起式A （017483）二季度新进十大流通股东，持有股数267.58万股，占流通股的比例为0.99%。根据测算，今 日浮亏损失约733.17万元。 财通资管数字经济混合发起式A（017483）成立日期2022年12月26日，最新规模6.49亿。今年以来收益 75.09%，同类排名225/8162；近一年收益96.3%，同类排名108/8015；成立以来收益100.55%。 财通资管数字经济混合发起式A（017483）基金经理为包斅文。 截至发稿，包斅文累计任职时间3年327天，现任基金资产总规模33.81亿元，任职期间最佳基金回报 99.32%， 任职期间最差基金回报8.01%。 资料显示，鼎捷数智股份有限公司位于上海市静安区江场路1377弄绿地中央广场1号楼22层，成立日期 2001年12月26日，上市日期2014年1月27日，公司主营业务涉及制造业、流通业及小微企业提供数字化 转型、智能制造与工业互联网解决方案。主营业务收入构成为：数智技术服务47.89%，自研数智软件 产品28.11%，数智一体 ...

Core Points - Dongshan Precision has experienced a decline of 5.02% in stock price, currently trading at 62.31 CNY per share, with a total market capitalization of 114.13 billion CNY [1] - The company has seen a cumulative drop of 10.61% over the past four days [1] Company Overview - Dongshan Precision Manufacturing Co., Ltd. was established on October 28, 1998, and went public on April 9, 2010 [1] - The company is located in Suzhou, Jiangsu Province, and specializes in precision sheet metal and casting manufacturing, as well as electronic manufacturing services [1] - The revenue composition includes: 65.23% from electronic circuit products, 17.98% from touch panels and LCD modules, 13.93% from precision components, 1.69% from LED display devices, and 1.17% from other sources [1] Fund Holdings - A fund managed by Caitong Securities Asset Management holds a significant position in Dongshan Precision, with 292,300 shares, representing 4.34% of the fund's net value [2] - The fund has incurred a floating loss of approximately 961,700 CNY today and a total floating loss of 2.277 million CNY over the past four days [2] - The fund, Caitong Asset Management Consumer Selection Mixed A (005682), was established on April 2, 2018, and has a current scale of 241 million CNY [2]

财通资管臻享成长混合A（016605）成立日期2023年3月2日，最新规模1.89亿。今年以来收益35.67%， 同类排名2358/8162；近一年收益49.59%，同类排名1317/8015；成立以来收益24.34%。 财通资管臻享成长混合A（016605）基金经理为陈李。 截至发稿，陈李累计任职时间2年335天，现任基金资产总规模2.39亿元，任职期间最佳基金回报 28.67%， 任职期间最差基金回报-26.36%。 10月14日，迈为股份涨5.34%，截至发稿，报115.03元/股，成交3.99亿元，换手率1.82%，总市值321.40 亿元。 资料显示，苏州迈为科技股份有限公司位于江苏省苏州市吴江区芦荡路228号;江苏省苏州市吴江区大兢 路8号，成立日期2010年9月8日，上市日期2018年11月9日，公司主营业务涉及高端智能制造装备的设 计、研发、生产与销售。主营业务收入构成为：太阳能电池成套生产设备75.00%，单机18.10%，配件 及其他6.90%。 从基金十大重仓股角度 数据显示，财通证券资管旗下1只基金重仓迈为股份。财通资管臻享成长混合A（016605）二季度持有 股数26.1万股，与上期 ...

Core Viewpoint - China's export growth rate in September recorded an increase of 8.3% year-on-year, driven by a low base from the previous year, despite a decline in the two-year average growth rate and a month-on-month growth rate below the median of the past five years [2][3] Export Analysis - The increase in export growth is primarily attributed to the low base effect from last year and improved cooperation with emerging markets such as Latin America and Africa, which has supported exports to these regions [3][7] - Exports to Latin America and Africa saw significant increases, with growth rates of 15.1% and 56.6% respectively, while exports to the US decreased by 27% [7] - The contribution of quantity to export growth has slightly weakened, while price factors have shifted from being a drag to a positive contributor [5][10] Import Analysis - China's import growth rate in September was 7.4%, a significant increase of 6.1 percentage points from August, driven by rising demand for production materials and energy [12] - Imports from the EU increased by 9.5%, benefiting from deepening trade relations between China and Europe, while imports from the US decreased by 16.1% [12][15] - All categories of imports showed varying degrees of increase, with notable growth in industrial raw materials and energy products [15] Trade Balance - The trade surplus in September narrowed to $90.45 billion, but net exports continue to support the economy [17] - Future trade dynamics may be influenced by the expiration of the US-China tariff agreement, with potential concessions from both sides regarding tariffs on rare earths and soybeans [17]

Core Viewpoint - Lens Technology (300433.SZ) experienced a decline in stock price, closing at 30.23 yuan with a drop of 5.24% on October 13, following a previous close of 31.90 yuan and a decline of 5.82% on October 10 [1] Group 1 - Financial analysts from Caitong Securities, Zhang Yimin and Huang Menglong, released a report on October 9, 2023, highlighting Lens Technology as a leader in precision manufacturing and indicating that its diversified layout is initiating a growth cycle [1] - The report assigned an "overweight" rating to Lens Technology, suggesting a positive outlook for the company's future performance [1]

10月13日，中科飞测涨5.43%，截至发稿，报131.80元/股，成交12.63亿元，换手率4.09%，总市值 423.86亿元。 资料显示，深圳中科飞测科技股份有限公司位于广东省深圳市龙华区观澜街道观光路银星科技园1301 号，成立日期2014年12月31日，上市日期2023年5月19日，公司主营业务涉及检测和量测两大类集成电 路专用设备的研发、生产和销售。主营业务收入构成为：检测设备60.72%，量测设备36.40%，服务及 其他2.88%。 从基金十大重仓股角度 数据显示，财通证券资管旗下1只基金重仓中科飞测。财通资管科技创新一年定开混合（009447）二季 度持有股数46.68万股，占基金净值比例为4.94%，位居第四大重仓股。根据测算，今日浮盈赚取约 316.99万元。 财通资管科技创新一年定开混合（009447）成立日期2020年7月10日，最新规模7.96亿。今年以来收益 42.99%，同类排名1644/8234；近一年收益54%，同类排名855/8083；成立以来收益69.8%。 财通资管科技创新一年定开混合（009447）基金经理为包斅文。 截至发稿，包斅文累计任职时间3年326天，现任基 ...

Core Viewpoint - Huahong Semiconductor Company experienced a 5.17% increase in stock price, reaching 118.95 CNY per share, with a trading volume of 2.258 billion CNY and a turnover rate of 4.71%, resulting in a total market capitalization of 206.432 billion CNY [1] Group 1: Company Overview - Huahong Semiconductor, established on January 21, 2005, and listed on August 7, 2023, is primarily engaged in specialty process wafer foundry services [1] - The company offers a diverse range of wafer foundry and supporting services, including embedded/standalone non-volatile memory, power devices, analog and power management, logic, and RF [1] - The revenue composition of the company is as follows: integrated circuit wafer foundry 94.60%, other services 4.78%, and rental income 0.62% [1] Group 2: Fund Holdings - According to data, one fund under Caitong Securities Asset Management holds a significant position in Huahong Company, specifically Caitong Asset Management Xinyi Mixed A (004888), which held 5,104 shares, accounting for 0.74% of the fund's net value [2] - The fund has generated an estimated floating profit of approximately 29,900 CNY today [2] - Caitong Asset Management Xinyi Mixed A was established on August 30, 2017, with a latest scale of 20.3901 million CNY and has achieved a year-to-date return of 22.09% [2] Group 3: Fund Manager Performance - The fund manager Li Jing has a tenure of 3 years and 347 days, with a total fund asset size of 230 million CNY, achieving a best return of 93.89% during the tenure [3] - The other fund manager, Shi Yushan, has a tenure of 3 years and 163 days, managing assets of 2.89 billion CNY, with a best return of 21.16% during the same period [3]

Group 1 - The core theme of the article revolves around the ongoing competitive and cooperative relationship between China and the US, highlighting that while short-term friction is unavoidable, the bond will not be severed abruptly [1] - The bond market is positioned favorably, with expectations of a potential decline in long-term interest rates by up to 10 basis points, and a challenge to the 1.7% level for 10-year government bonds [1][19] - The marginal impact of changes in US-China relations on the bond market is diminishing, with recent market reactions being significantly less severe compared to previous trade tensions in April [1][14] Group 2 - Post-holiday large redemptions of bond funds by institutions are viewed as normal liquidity management rather than a sign of pessimism towards the bond market [2][17] - The bond market saw a decline in yields, with the 10-year government bond yield decreasing by 3.99 basis points to 1.82% during the week [2][19] - The overall balance of funds in the bond market remained stable, despite some fluctuations due to external factors such as new regulations and geopolitical tensions [20][21] Group 3 - The first week of October saw a slight decrease in the scale of wealth management products, with a total of 30.81 billion yuan, reflecting a weekly change of -567.56 million yuan [3][28] - The duration of public funds increased, indicating a slight rise in market consensus expectations [4][38] - The overall market sentiment towards the bond market remains cautious but stable, with institutions adjusting their strategies based on liquidity needs and market conditions [17][18]

Global Asset Price Performance - Gold prices continued to rise, while global stock markets saw mixed results with the Nikkei 225 leading gains. The S&P 500, Dow Jones, and Nasdaq indices fell by 2.4%, 2.7%, and 2.5% respectively [2] - In the bond market, yields on government bonds in most countries declined, with the 10-year U.S. Treasury yield down by 8 basis points [2][3] - Commodity prices saw a decline in crude oil, with WTI and Brent crude down by 3.1% and 2.8% respectively, while London gold prices increased by 3.4% [2][3] - The U.S. dollar index strengthened by 1.1% [2] Major Central Bank Monetary Policies - The Federal Reserve's September meeting minutes revealed internal divisions regarding further rate cuts, with more than half of the officials expecting at least two more cuts this year, while others opposed further easing [4] - The European Central Bank considered another rate cut in September but decided against it due to rising inflation risks [4] U.S. Economic Dynamics - The U.S. government shutdown has entered its second week, affecting federal operations and delaying the release of the Consumer Price Index (CPI) [8] - Trade tensions with China have escalated, with the U.S. planning to impose additional tariffs on Chinese goods, leading to significant sell-offs in the stock market [9] - Consumer confidence has weakened, with the Michigan Consumer Sentiment Index slightly dropping to 55 from 55.1, indicating concerns over employment and prices [9] Other Regional Economic Dynamics - Political instability in France has increased, with the September composite PMI dropping to 48.1%, while the Eurozone's overall situation remains stable with a composite PMI of 51.2% [17] - In Japan, the new leadership under Kishi Suga is expected to implement measures to address inflation and stimulate the economy, positively impacting market sentiment [17]