金融界消息 截至2025年8月25日收盘，多伦科技（603528）报收于9.75元，下跌0.41%，换手率3.27%， 成交量23.09万手，成交金额2.26亿元。 资金流向方面，今日主力资金净流出2287.08万元，占比成交额10.11%。其中，超大单净流出635.76万 元、占成交额2.81%，大单净流出1651.32万元、占成交额7.3%，中单净流出流入243.85万元、占成交额 1.08%，小单净流入2043.23万元、占成交额9.03%。 多伦科技最新一期业绩显示，截至2025一季报，公司营业总收入1.05亿元、同比减少37.18%，归属净利 润289.92万元，同比减少42.82%，扣非净利润90.25万元，同比增长91.06%，流动比率5.018、速动比率 4.608、资产负债率15.60%。 通过天眼查大数据分析，多伦科技股份有限公司共对外投资了20家企业，参与招投标项目2143次，知识 产权方面有商标信息101条，专利信息429条，此外企业还拥有行政许可24个。 来源：金融界 天眼查商业履历信息显示，多伦科技股份有限公司，成立于1995年，位于南京市，是一家以从事研究和 试验发展为主的企业。 ...

Core Insights - The humanoid robot industry is experiencing significant growth, with a reported eightfold increase in order volume compared to previous years, indicating a robust demand for core components [1] - The domestic production rate of core components for humanoid robots in China has surpassed 70%, with the industry scale expected to exceed 37.9 billion yuan this year [1] - The advancement of the humanoid robot industry is closely linked to the maturity of the automotive supply chain, which has contributed to lower costs and improved quality control [2][3] Industry Development - The automotive industry has played a crucial role in the development of humanoid robots, with many components being repurposed from automotive technology [3] - Major automotive manufacturers, including Tesla and NIO, are entering the humanoid robot sector, highlighting the technological convergence between robotics and electric vehicles [3] Challenges and Opportunities - Despite the reduction in supply chain costs, high product prices remain a significant barrier to the widespread application of humanoid robots [5] - The development of core components specifically designed for humanoid robots is still in progress, as existing components are often adapted from other industries [4] - Stability and consistency of humanoid robots are critical concerns for application developers, with ongoing efforts to enhance these aspects for practical use [6][7]

从资金流向来看，8月22日多伦科技主力资金净流出1022.33万元，近五个交易日累计净流出9967.46万 元。公司当前总市值69.11亿元，流通市值与总市值相同。 多伦科技最新股价报9.79元，较前一交易日上涨0.51%。当日成交量为19.61万手，成交金额达1.92亿 元。该股开盘报9.68元，盘中最高触及9.82元，最低下探至9.67元，全天振幅1.54%。 多伦科技属于软件开发行业，公司专注于驾驶人考训智能化及智慧城市建设领域。近期公司动作频频， 携手星航资本投资众擎机器人，并设立机器人协同创新研究中心，重点推动人形机器人在交通场景的二 次开发应用。 风险提示：以上内容仅供参考，不构成任何投资建议。市场有风险，投资需谨慎。 ...

Summary of Duolun Technology Conference Call Company Overview - **Company**: Duolun Technology - **Industry**: Robotics and Transportation Technology Key Points and Arguments Entry into Robotics - Duolun Technology has entered the humanoid robotics field by investing in Zhongqing Robotics, aiming to leverage its expertise in transportation technology for secondary development in vehicle inspection and traffic management applications [2][3][4] Innovation and R&D - The company has established a collaborative innovation center and a joint R&D laboratory with a team of approximately 40 people focused on humanoid robotics, new algorithms, SLAM, and perception technology [2][7] - Plans to complete prototypes for inspection robots by the end of 2025, along with secondary development for service and traffic command robots [2][6] Strategic Partnerships - Duolun collaborates with Zhongqing Robotics on motion and posture control technologies, aiming to enhance the application of service and traffic command robots [2][8] - The investment in Zhongqing Robotics was made through the Zhuhai New Star Investment Fund, acquiring a 2% stake initially, which has been diluted to 1.57% after subsequent financing rounds [3][8] Market Applications - The company is focusing on three main application scenarios: inspection robots, service robots, and traffic command robots, with prototypes expected to be market-ready by the end of the year [6][15] - Plans to expand the application of inspection robots to used car inspection agencies and mandatory vehicle inspection stations [11] Revenue Model - Duolun's business model involves purchasing robot bodies from Zhongqing, modifying them with proprietary algorithms, and selling them to end customers, generating revenue from both hardware and software sales [12][13] Industry Standards and Regulations - Currently, there are no existing industry standards for the applications in vehicle inspection and traffic management, prompting Duolun to explore the establishment of relevant standards in collaboration with research institutions [10] Financial Performance - In the first half of 2025, Duolun's overall business performance was subpar, with revenue and profit declining compared to the previous year, primarily due to fiscal constraints faced by government clients [19] - Anticipates improved cash flow and project acceptance in the second half of the year as repayment plans with clients are established [19] Future Growth Strategy - Duolun Technology's future strategy includes expanding into new energy and intelligent sectors while maintaining its core business in public safety and transportation [21] - The "One Body, Two Wings" strategy aims to leverage existing operations for cash flow while exploring new technologies and markets [21] Additional Insights - The company is also involved in assembling coffee robots and may expand this assembly business to other humanoid robot partners to alleviate production pressure [20] - The development of humanoid robots is seen as having strong applicability in the transportation sector, with potential extensions into commercial spaces like malls and exhibitions [15] Product Development and Market Readiness - The current focus is on enhancing the performance of humanoid robots, particularly in traffic command and service roles, with significant advancements in algorithm integration for improved task execution [19] Conclusion Duolun Technology is strategically positioning itself in the humanoid robotics market, leveraging its transportation expertise while navigating financial challenges and exploring new growth avenues in the robotics and intelligent technology sectors.

金融界消息 截至2025年8月13日收盘，多伦科技（603528）报收于9.83元，上涨9.96%，换手率7.34%， 成交量51.84万手，成交金额4.97亿元。 资金流向方面，今日主力资金净流入2.03亿元，占比成交额40.83%。其中，超大单净流入2.02亿元、占 成交额40.61%，大单净流入108.93万元、占成交额0.22%，中单净流出流出8607.16万元、占成交额 17.32%，小单净流出11685.24万元、占成交额23.51%。 天眼查商业履历信息显示，多伦科技股份有限公司，成立于1995年，位于南京市，是一家以从事研究和 试验发展为主的企业。企业注册资本70593.0131万人民币，实缴资本70593.0131万人民币。公司法定代 表人为章安强。 通过天眼查大数据分析，多伦科技股份有限公司共对外投资了20家企业，参与招投标项目2138次，知识 产权方面有商标信息101条，专利信息431条，此外企业还拥有行政许可24个。 来源：金融界 多伦科技最新一期业绩显示，截至2025一季报，公司营业总收入1.05亿元、同比减少37.18%，归属净利 润289.92万元，同比减少42.82%，扣非净利 ...

Market Overview - The Shanghai Composite Index closed at 3682.19 points, above the five-day moving average, with a gain of 0.44% [1] - The total trading volume of A-shares reached 171.88 billion yuan [1] Stocks Exceeding Five-Day Moving Average - A total of 620 A-shares have surpassed the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Shouyao Holdings (15.20%) - Zhongyi Technology (11.60%) - Olin Bio (10.16%) [1][2] Stock Performance Data - The following stocks showed the highest deviation rates from the five-day moving average: - Shouyao Holdings: Today's gain of 19.99%, turnover rate of 9.80%, latest price at 55.94 yuan [2] - Zhongyi Technology: Today's gain of 15.43%, turnover rate of 18.35%, latest price at 31.49 yuan [2] - Olin Bio: Today's gain of 12.73%, turnover rate of 2.99%, latest price at 23.11 yuan [2] - Other notable stocks include: - Guanggang Gas (9.92%) - Tianlong Group (9.55%) - Feilihua (9.54%) [2][3]

8月8日至12日，2025世界机器人大会(以下称「2025WRC」)在北京亦庄举办。人形机器人成为全场焦 点。这场盛会不仅点燃了科技界的热情，更让整个机器人产业链受到更广泛的关注。包括宇树科技、众 擎机器人、优必选在内的50家人形机器人整机企业受邀参加了此次盛会，现场展示了1500多件展品及行 业解决方案。 国际机构瑞银预测，2035年全球人形机器人数量预计将超过200万台，人形机器人的商业化预计会首先 在工业和服务场景开启。2025年上半年，我国工业机器人、服务机器人产量分别同比增长35.6%和 25.5%。在覈心技术领域，感知与环境认知、运动控制与执行、人工智能与决策等方面均取得重大突 破。资本也敏锐捕捉到这一机遇，2025年上半年，国内机器人领域融资事件达283笔，较2024年同期增 长136%，总融资金额达270亿元。人形机器人赛道更是火热，融资事件77起，融资金额109亿元。 在这波机器人产业发展的热潮中，多伦科技积极布局，展现出强大的前瞻性。今年7月，众擎机器人宣 布连续完成Pre-A++轮与A1轮融资，融资规模近10亿元。珠海星芯专项基金参与了其中的Pre-A++轮融 资，这一基金由小鹏汽车作为 ...

多伦科技此举意义深远，公司董事长章安强在2025WRC现场接受媒体采访时表示，在人工智能与具身 智能技术深度融合的今天，多伦科技与众擎机器人的合作，不仅是资本层面的联动，也是基于对"大交 通"领域智能变革的前瞻判断，更是公司强化产业链上下游协同、推动战略升级的核心举措。 一方面，公司自1995年创立以来，已构建起以智慧车管、智慧交通、智慧驾培、智慧车检、新能源为核 心的五大业务体系，通过本次投资提高其在驾驶、道路安全、交管等领域进行人形机器人二次开发及整 机代工的能力，同时推动人形机器人在大交通领域的技术研究与产业应用，逐步实现人形机器人在交管 智能服务、机动车智能查验场景的落地。 另一方面，该举措能与旗下参股公司北云科技的IMU业务形成互补。北云科技的多源融合精度定位与导 航技术可以为人形机器人在感知、控制、导航和稳定性方面提供实时的运动和姿态数据，确保机器人在 动态环境中的平衡性、定位精度和动作执行的可靠性，进一步提升了机器人在复杂场景下的适应能力。 展望未来，随着"十五五"规划对"全域感知-智能决策-精准执行"数字警务新范式的聚焦，构建"机器警 力"深度嵌入的新型现代化警务体系成为趋势，这为多伦科技带来 ...

2025WRC期间，众擎机器人展示了旗下人形机器人的多种拟人化技能，如跌倒自主爬起、精准落座、 快速奔跑、跳舞等，这些技能背后是该公司在运动控制、视觉语言导航、环境感知、灵巧操作等方面的 突破，多伦科技希望结合两家公司在技术、产业链等方面的优势，去探索人形机器人在大交通领域的应 用。在业内人士看来，由于成本较高、相关技术及法律法规还不成熟，这一路径短时间内还难以实现， 不过这种设想为人形机器人商业化的进一步延伸提供了更大的想象空间和新的发展方向。 从投资到深度入局 不久前，众擎机器人连续完成Pre-A++轮以及A1轮融资，珠海星芯专项基金参与了其中的Pre-A++轮融 资，这一基金由小鹏汽车作为基石出资人的星航资本与多伦科技共同设立，截至目前多伦科技间接持有 众擎机器人1.57%的股份。 多伦科技投资众擎机器人的初衷，不单单是看好这个行业与这家公司，还基于该公司对"大交通"领域智 能变革的判断。多伦科技公开表示，将通过本次投资提高其在驾驶、道路安全、交管等领域进行人形机 器人二次开发及整机代工的能力，同时与旗下参股公司北云科技IMU业务形成互补，完善多伦科技在人 形机器人领域的布局闭环。 为了推动人形机器人在 ...

8月9日的WRC现场火爆程度超出了他的预期——早晨7点，场馆检票口就排起了长队，像个热闹的大型乐园，放眼望去，不少都是家长带着孩子前来；进入 场馆后，各类人形机器人"吹拉弹唱"的表演更是让展台被参观人群层层围住。 不同于普通观众看热闹，章安强此行带着目的而来。出发前，他多次叮嘱工程师们："大家要主动收集材料、学习经验，不懂就主动问。" 8月8日至12日，2025世界机器人大会（下称"WRC"）召开期间，多伦科技（603528.SH）董事长章安强带领公司十余名工程师，从南京总部奔赴北京参会。 经济观察报：公司投资众擎机器人是希望达成怎样的合作？ 章安强：在技术协同上，众擎机器人在关节模块、运动控制算法（如Sim2Real技术）等领域具备硬件优势，其人形机器人的高动态性能为适应交通场景奠定 了基础。而多伦科技近期成立的机器人协同创新研究中心，将重点攻坚人形机器人的"交通场景二次开发"，例如针对车管服务、查验检验等任务的动作库优 化。 多伦科技成立于1995年，主营业务包括开发机动车驾驶人智能化考试管理平台、城市智能交通综合管理平台、交通信号控制系统等。近两年，多伦科技逐步 推动人形机器人在大交通领域的技术研究与产 ...