今日A股市场，人形机器人板块强势领涨，大业股份、天奇股份、五洲新春、步科股份、三花智控领 涨，题材相关企业整理如下： 大业股份（603278.SH） 最新股价：15.49元 日涨幅：+10.01% 亮点：公司在互动平台表示，人形机器人灵巧手用钢丝尚处于市场调研和研发阶段。其特种钢丝绳技术 有望应用于机器人灵巧手关节牵引线。 天奇股份（002009.SZ） 最新股价：23.63元 日涨幅：+10.00% 亮点：与优必选科技深度合作，为人形机器人提供AI赋能及具身智能解决方案，并共同推进其在工业 场景的应用落地。 五洲新春（603667.SH） 最新股价：22.19元 日涨幅：+10.03% 日涨幅：+9.99% 亮点：人形机器人轴承及滚珠丝杠核心供应商，RV及谐波减速器轴承已批量供货，行星滚柱丝杠已获 客户订单，是旋转关节关键部件标的。 步科股份（688160.SH） 最新股价：145.99元 日涨幅：+20.00% 亮点：公司无框力矩电机、伺服轮等产品可用于机器人关节，正在研发高扭矩密度电机，是人形机器人 关节驱动核心方案提供商。 三花智控（002050.SZ） 最新股价：35.69元 亮点：在机器人机电执行 ...

Investment Rating - The report maintains an "Outperform" rating for the machinery equipment sector [5][11]. Core Views - The establishment of the humanoid robot and embodied intelligence standardization technical committee by the Ministry of Industry and Information Technology (MIIT) is expected to promote standardized development in the humanoid robot industry [2][19]. - ByteDance plans to invest $23 billion in artificial intelligence in 2026, indicating a strong commitment to AI infrastructure investment [3][20]. Summary by Relevant Sections Humanoid Robots - The MIIT's new committee will focus on developing industry standards across various areas, which is anticipated to enhance the industry's structured growth [2][19]. - Long-term investment opportunities in humanoid robots are viewed positively, with recommendations to focus on companies with strong positions in the supply chain, such as Feirongda, Longxi Co., Weiman Sealing, Hengli Hydraulic, and others [2][8]. AI Infrastructure - ByteDance's significant capital expenditure plan for AI infrastructure highlights ongoing investment trends among major companies, with a focus on expanding related supply chains [3][20]. - Key areas of interest include gas turbines and liquid cooling solutions, with specific companies recommended for investment, such as Yingliu Co., Wanze Co., and others involved in energy supply for AI data centers [3][8]. Key Company Earnings Forecasts and Investment Ratings - Several companies are rated as "Outperform," including: - Green's Harmonics (688017.SH) with a target price of 169.48 CNY and a market cap of 31.1 billion CNY [11][27]. - Huichuan Technology (300124.SZ) with a target price of 73.30 CNY and a market cap of 198.4 billion CNY [11][27]. - Hengli Hydraulic (601100.SH) with a target price of 108.61 CNY and a market cap of 145.6 billion CNY [11][27]. - The report emphasizes the importance of identifying companies with strong market positions and growth potential in both humanoid robotics and AI infrastructure sectors [8][11].

Group 1 - The automation equipment sector increased by 2.46% on December 30, with Boke Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3965.12, unchanged, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1] - Key stocks in the automation equipment sector showed significant price increases, with Boke Co., Ltd. rising by 20.00% to a closing price of 145.99 [1] Group 2 - The sector saw a net inflow of 738 million yuan from institutional investors, while retail investors experienced a net outflow of 709 million yuan [2] - Notable stocks with significant net inflows from institutional investors include Green Harmony with 116 million yuan and Robot with 115 million yuan [3] - Conversely, retail investors showed significant outflows from stocks like Robot and Sanfeng Intelligent, with outflows of 117 million yuan and 98 million yuan respectively [3]

Investment Rating - The report maintains an "Outperform" rating for the machinery equipment sector [5][11]. Core Insights - The establishment of the humanoid robot and embodied intelligence standardization technical committee by the Ministry of Industry and Information Technology (MIIT) is expected to promote standardized development in the humanoid robot industry [2][19]. - ByteDance plans to invest $23 billion (160 billion RMB) in artificial intelligence in 2026, indicating a strong commitment to AI infrastructure investment [3][20]. Summary by Relevant Sections Humanoid Robots - The MIIT's new committee will focus on developing industry standards in key areas such as common technologies, components, systems, applications, and safety, which will help regulate the industry's growth [2][19]. - Long-term investment opportunities in humanoid robots are promising, with a focus on companies that are core suppliers to Tesla or have strong market positions, such as Feirongda, Longxi Co., Weiman Sealing, Hengli Hydraulic, and others [2][8]. AI Infrastructure - ByteDance's significant investment in AI infrastructure reflects ongoing commitment from major companies to expand in this area, with related industries expected to benefit [3][20]. - The report highlights the importance of gas turbines and liquid cooling technologies in AI data centers, suggesting that companies like Yingliu Co., Wanze Co., and others in the gas turbine supply chain should be closely monitored [3][8]. Key Company Earnings Forecasts and Investment Ratings - Several companies are rated as "Outperform," including: - Green Harmony (688017.SH) with a target price of 169.48 RMB and a market cap of 31.1 billion RMB [11][27]. - Huichuan Technology (300124.SZ) with a target price of 73.30 RMB and a market cap of 198.4 billion RMB [11][27]. - Hengli Hydraulic (601100.SH) with a target price of 108.61 RMB and a market cap of 145.6 billion RMB [11][27]. - The report emphasizes the importance of identifying companies with strong positions in the humanoid robot and AI infrastructure sectors for potential investment opportunities [8][11].

截至2025年12月30日 14:09，机器人ETF(159770)盘中换手6.2%，成交6.65亿元。跟踪的中证机器人指数(H30590)强势上涨 3.39%，成分股步科股份(688160)上涨20.00%，绿的谐波(688017)上涨11.65%，新时达(002527)上涨10.01%，宏英智能(001266)， 鸣志电器(603728)等个股跟涨。 截至12月29日，机器人ETF(159770)最新规模达105.27亿元，最新份额达102.63亿份，均创成立以来新高。 资金流入方面，机器人ETF(159770)最新资金净流入3384.68万元。拉长时间看，近5个交易日内有4日资金净流入，合计"吸 金"2.06亿元。 【产品亮点】 机器人ETF(159770)深市规模最大的机器人主题ETF，成分股覆盖人形机器人、工业机器人、服务机器人等多个细分领域，帮助 投资者一键布局机器人上中下游产业链。 【相关产品】 机器人ETF(159770)，对应场外联接基金(A：014880；C：014881)。 据业内最新消息，Optimus即将发包，2026年Q1开始分批交付，覆盖2026年8-10万台全部产能。 相关机构 ...

Group 1 - The robotics sector is experiencing a significant rise, with institutions noting major updates from Sanhua, including the upcoming contract for Optimus, which is set to begin phased deliveries in Q1 2026, covering 80,000 to 100,000 units, including orders for 2027, and securing supply rights for all 14 rotary joints and some linear actuators [1] - Yushu announced that its first national store will open on December 31 in Beijing's JD MALL, while a team from Harbin Institute of Technology has achieved milestones in humanoid robots and dexterous hands in collaboration with Boshih [1] - As of December 30, 2025, the Guozheng Robotics Industry Index (980022) surged by 4.71%, with constituent stocks such as Haoshi Electromechanical (300503) and Buke Co., Ltd. (688160) both rising by 20.00%, and other stocks like Shuanghuan Transmission (002472) and Green Harmonic (688017) also seeing gains [1] Group 2 - As of November 28, 2025, the top ten weighted stocks in the Guozheng Robotics Industry Index (980022) include Shuanghuan Transmission (002472), Ecovacs (603486), and Green Harmonic (688017), collectively accounting for 40.47% of the index [2] - The Penghua Robotics ETF (159278) has associated off-market links (A: 025698; C: 025699; I: 025700) [2]

Group 1 - The core point of the article highlights the performance of Greentech Harmonic Drive, which saw a decline of 1.72% in its stock price, reaching 172.00 CNY per share, with a total market capitalization of 31.533 billion CNY [1] - Greentech Harmonic Drive, established on January 13, 2011, and listed on August 28, 2020, specializes in the research, design, production, and sales of precision transmission devices, with its main revenue sources being harmonic reducers and metal components (78.33%), mechatronic products (16.56%), intelligent automation equipment (3.24%), and others (1.87%) [1] Group 2 - From the perspective of major fund holdings, data indicates that one fund under Jiashi Fund has a significant position in Greentech Harmonic Drive, with Jiashi's Shanghai Stock Exchange Sci-Tech Innovation Board Industrial Machinery ETF (588850) increasing its holdings by 3,124 shares in the third quarter, now holding a total of 9,387 shares, which constitutes 5.3% of the fund's net value [2] - The Jiashi Shanghai Stock Exchange Sci-Tech Innovation Board Industrial Machinery ETF (588850) was established on April 16, 2025, with a current scale of 32.0479 million CNY and has achieved a return of 36.81% since inception [2]

Core Viewpoint - The stock of Greentech Harmonic has shown significant growth in 2023, with a year-to-date increase of 60.13%, indicating strong market performance and investor interest [1][2]. Financial Performance - For the period from January to September 2025, Greentech Harmonic reported a revenue of 407 million yuan, representing a year-on-year growth of 47.36% [2]. - The net profit attributable to shareholders for the same period was 93.67 million yuan, reflecting a year-on-year increase of 59.21% [2]. Stock Market Activity - As of December 29, the stock price of Greentech Harmonic was 172.88 yuan per share, with a trading volume of 305 million yuan and a turnover rate of 0.98% [1]. - The company has seen a net inflow of 4.96 million yuan from major funds, with significant buying activity from large orders [1]. Shareholder Information - As of September 30, the number of shareholders increased to 31,800, a rise of 52.87%, while the average number of circulating shares per person decreased by 28.94% to 5,767 shares [2][3]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited being the third-largest shareholder, increasing its holdings by 495,350 shares [3]. Dividend Distribution - Greentech Harmonic has distributed a total of 194 million yuan in dividends since its A-share listing, with 85.79 million yuan distributed over the past three years [3]. Company Overview - Greentech Harmonic, established on January 13, 2011, and listed on August 28, 2020, specializes in the research, design, production, and sales of precision transmission devices [1]. - The company's main revenue sources include harmonic reducers and metal components (78.33%), mechatronic products (16.56%), and intelligent automation equipment (3.24%) [1]. Industry Classification - Greentech Harmonic is classified under the machinery equipment sector, specifically in automation equipment and robotics [1]. - The company is associated with various concept sectors, including industrial mother machines, machinery, specialized and innovative enterprises, reducers, and humanoid robots [1].

Core Insights - The actuator industry in China has established a complete industrial chain, with upstream focusing on raw materials and core technology components, midstream accelerating towards intelligent development, and downstream driven by traditional industries and emerging fields like robotics and renewable energy [1][5][9]. Industry Overview - Actuators are critical components in automation control systems, converting controller signals into mechanical actions to regulate production parameters [2][3]. - The actuator market is projected to reach 33 billion yuan in 2024 and 82 billion yuan by 2030, driven by technological upgrades and domestic replacements [1][13]. Upstream Development - The upstream sector includes key components like motors, reducers, and sensors, with domestic breakthroughs in motors and reducers, but a notable gap in high-end precision components like encoders [7][9]. - Domestic companies have made significant progress in servo motors and harmonic reducers, but high-end encoder markets remain dominated by international firms [7][9]. Downstream Demand - The demand for actuators is characterized by a dual structure of traditional and emerging markets, with industrial automation as the foundation and new energy and robotics as growth drivers [9][10]. - The humanoid robot sector is expected to see explosive growth, with the market projected to increase from approximately 2.4 billion yuan in 2025 to 25.4 billion yuan by 2030, highlighting the actuator's role as a core component [11][12]. Market Segmentation - The actuator market is segmented into electric, pneumatic, hydraulic, and special actuators, with electric actuators leading growth due to their advantages in smart applications [14][15]. - The electric actuator market is expected to reach 17.8 billion yuan by 2025, while pneumatic and hydraulic actuators maintain stable growth in their respective applications [14][15]. Competitive Landscape - The actuator industry features a diverse competitive landscape with foreign brands dominating high-end markets and domestic leaders making significant inroads through innovation and localization [15][16]. - Domestic brands are expected to capture 58% of the market share by 2024, with projections to exceed 70% by 2030, driven by technological advancements and market responsiveness [15][16]. Future Trends - The industry is set to evolve with a focus on technological innovation, market optimization, and industrial upgrades, emphasizing the integration of IoT and AI into actuator products [16][17]. - The market will see a shift towards high-end applications and a collaborative development model among core and supporting enterprises, enhancing overall competitiveness [18].

Investment Rating - The mechanical equipment industry maintains a standard rating of "Neutral" [1] Core Views - The report emphasizes the need to focus on the opportunities arising from the recent pullback in the robotics sector, driven by government support and accelerated technological advancements [5][66] - The engineering machinery sector is expected to enter a new cycle due to increasing penetration in mining, the commencement of major national projects, and favorable policies [5][66] Market Review - The mechanical equipment industry saw a bi-weekly increase of 3.82%, outperforming the CSI 300 index by 1.84 percentage points, ranking 10th among 31 industries [3][12] - Year-to-date, the industry has risen by 39.45%, surpassing the CSI 300 index by 21.46 percentage points, ranking 6th [3][12] - The specialized equipment sub-sector had the highest bi-weekly increase of 6.00%, while the engineering machinery sub-sector experienced a decline of 1.37% [3][18] Valuation - As of December 25, 2025, the price-to-earnings (PE) ratio for the mechanical equipment sector is 32.98 times, with specialized equipment at 34.58 times and general equipment at 46.29 times [4][24] Recommendations - The report suggests focusing on specific companies: - Huichuan Technology (300124) for its strong market position in servo products [67] - Greentech Harmonic (688017) as a leading company in harmonic reducers benefiting from smart manufacturing [67] - Sany Heavy Industry (600031) due to expected demand growth in excavators [67] - Hengli Hydraulic (601100) for its established market share in hydraulic cylinders [67]