截至2025年12月22日 13点18分，机器人ETF（562500）上涨1.38%，成分股三丰智能上涨8.84%，中大 力德上涨5.97%，瑞松科技上涨5.38%，步科股份，博杰股份等个股跟涨。流动性方面，机器人ETF盘中 换手2.56%，成交6.44亿元。拉长时间看，截至12月19日，机器人ETF近1年日均成交11.02亿元，居可比 基金第一。规模方面，机器人ETF本月以来规模增长6.07亿元，实现显著增长，新增规模位居可比基金 1/9。 资金流入方面，机器人ETF近5个交易日内有4日资金净流入，合计"吸金"1.32亿元，日均净流入达 2645.65万元。数据显示，杠杆资金持续布局中。机器人ETF本月以来融资净买额达228.29万元，最新融 资余额达12.60亿元。 机器人ETF（562500） 是全市场唯一规模超两百亿的机器人主题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。场外联接（华夏中证 机器人ETF发起式联接A：018344；华夏中证机器人ETF发起式联接C：018345）。 （文章来源：每日经济新闻） 消息面上，特斯拉于12 月1 ...

| 序号 | 名称 | 接待机构数量 | 接待方式 | 接待人员 | 接待地点 | 接待日期 | 公告日期 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 步科股份 | 47 | 现场参观 | 董事长、总 ... | 深圳市南山 ... | 2025/12/11 | 12月15日 | | 2 | 凯众股份 | 32 | 特定对象调研 | 公司董事长 ... | 上海市浦东 ... | 2025/12/11 | 12月15日 | | 3 | 中集集团 | 24 | 路演活动,一 ... | 中集集团董 ... | 北京 | 2025/12/11 | 12月15日 | | 4 | 浙江鼎力 | 10 | 公司现场接待 | 董事会秘书 ... | 公司会议室 | 2025/12/9 | 12月15日 | | 5 | 特宝生物 | 9 | 公司现场接待 | 董事长、总 ... | 公司会议室 | 2025/12/11 | 12月15日 | | 6 | 国机精工 | 6 | 特定对象调研 | 董事长 蒋 ... | 国机精工会 ... | 2025/1 ...

Investment Rating - The report rates the automotive parts industry as "Positive" (First Time) [1] Core Viewpoints - The loosening of regulations is expected to accelerate the mass production of electronic mechanical brakes (EMB) and steer-by-wire (SBW), leading to a significant market expansion [3] - The domestic market for line-controlled chassis is projected to exceed 100 billion by 2030, driven by advancements in high-level autonomous driving [3][30] - The report emphasizes the importance of focusing on high-quality Tier 1 suppliers and upstream components such as motors and lead screws [4][9] Summary by Relevant Sections Line-Controlled Chassis - The pursuit of human-machine decoupling in line-controlled chassis is fundamental for achieving L3/L4 autonomous driving [9] - The market for line-controlled braking systems is expected to reach 50 billion by 2030, with EMB projected at 16.4 billion [3][30] - The line-controlled steering market is anticipated to reach 50 billion by 2030, with SBW projected at 21.5 billion [3][30] Regulatory Developments - Regulations allowing EMB to be implemented in vehicles will officially take effect on January 1, 2026 [3][26] - New policies regarding SBW are expected to be catalyzed within the year, although specific certification details remain unclear [3][26] Market Dynamics - The report highlights that the penetration rate of line-controlled chassis is expected to rise from 5% in 2025 to 30% by 2030 [31] - The overall market for intelligent chassis in China is projected to exceed 100 billion by 2030, with a compound annual growth rate (CAGR) of 37% from 2025 to 2030 [30][29] Key Companies to Watch - The report suggests focusing on leading Tier 1 suppliers with comprehensive platform capabilities, such as NEXTEER, ZF, and others [4][9]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The humanoid robot sector continues to rebound, entering an upward channel, with the core company index rising by 5.54%, outperforming the broader market [12][11] - Multiple factors contributed to the unexpected strength of the rebound, including prior adjustments in the sector, advancements in Tesla's Optimus robot, and anticipated supportive policies from the U.S. government [4][12] - The year 2026 is projected to be a milestone for humanoid robot mass production, with significant catalysts expected [4][40] Summary by Sections Humanoid Robot Sector Performance - The humanoid robot sector index and leading stocks have shown a continued rebound, with the core company index increasing by 5.54% during the week of December 1 to December 5, 2025 [12][11] - The top five performers included Hengli Hydraulic (+11.53%), Siling Co. (+10.07%), and Wuzhou Xinchun (+9.24%) [12][14] Optimus Robot Development - Tesla's Optimus robot is progressing towards mass production, with recent demonstrations showcasing its running capabilities, achieving speeds of 2.5-3 m/s [5][16] - The U.S. government is expected to introduce supportive policies for the robot industry, which may accelerate development and enhance market confidence [31][33] - The domestic industrialization process is also speeding up, with leading companies preparing for capital market entry [34][38] Investment Opportunities - Key investment opportunities are identified in the supply chain, including components such as head assemblies, bearings, and structural parts [27][30] - Specific companies recommended for investment include Lens Technology, Minth Group, and Wuzhou Xinchun, among others [6][30] - The report emphasizes the importance of technological upgrades and supply chain integration to support mass production [27][30]

Market Overview - The Shanghai Composite Index rose by 0.7% to 3902.81, while the Shenzhen Component Index increased by 1.08% to 13147.68, and the ChiNext Index gained 1.36% to 3109.30 [1][2] - A total of 4427 stocks closed higher, while 914 stocks closed lower, indicating a positive market sentiment [1][3] - The trading volume in the Shanghai and Shenzhen markets reached 1.73 trillion, an increase of 176.8 billion compared to the previous trading day [1] Performance Metrics - The 20-day performance for the Shanghai Composite Index showed a decline of 2.37%, while the Shenzhen Component Index experienced a decrease of 1.91% [2] - The annual performance for the Shanghai Composite Index is up by 16.44%, and the Shenzhen Component Index has increased by 26.24% [2] - The ChiNext Index has seen a significant annual increase of 45.19% [2] Sector Performance - Sectors such as insurance, precious metals, and commercial aerospace showed strong gains, while traditional sectors like Chinese medicine and film exhibition faced declines [2] - The electric aluminum concept stocks experienced volatility, with companies like Hongchuang Holdings and Yun Aluminum reaching historical highs [2] - The robotics sector saw a rebound, with companies like Boke Technology rising over 10% [2] Notable Stock Movements - The stock of Moer Thread opened high with a 468% increase, leading to significant profits for investors [2] - Companies in the Fujian sector, such as Sanmu Group and Haixin Food, reached their daily limit [2] - The AI glasses concept saw a surge, with Doctor's Glasses rising over 10% [2] Market Sentiment - The overall market sentiment is improving, with a board sealing rate close to 80% [2] - The National Development and Reform Commission has allocated 35.5 billion for investment projects, indicating government support for economic growth [2]

Core Viewpoint - The company has made significant advancements in the robotics industry, covering industrial robots, collaborative robots, and humanoid robots, with strategic upgrades and market penetration planned for 2024 [1] Group 1: Industrial Robots - The company has successfully entered the industrial 4/6 axis robot market, achieving a strategic upgrade from serving small and medium-sized clients to industry leaders [1] Group 2: Collaborative Robots - The company has established itself as a leading supplier in the global collaborative robot market [1] Group 3: Humanoid Robots - The company is focusing on systematic research and development in humanoid robots, particularly on core components such as joint modules [1] Group 4: Technology Development - The company has developed low-voltage servo drivers using Gallium Nitride (GaN) technology, which aids in achieving lightweight and precise designs for robots [1]

Group 1 - The Robot ETF (562500) experienced a decline of 0.42% as of 9:52 AM, showing a "bottom-rebound" trend with a quick recovery from the intraday low, indicating strong support below [1] - In terms of holdings, Boke Technology led the gains with an increase of over 9%, while Hechuan Technology and Julun Intelligent rose by more than 2%, and stocks like Dazhu Laser also followed suit; however, companies like Gogo Technology and Yuntian Lefeiy experienced pullbacks [1] - The trading volume was high, with a transaction amount reaching 236 million yuan within the first 20 minutes of the market opening, reflecting sustained trading enthusiasm [1] Group 2 - CITIC Construction Investment Securities indicated that industrial scenarios are more feasible for implementation compared to household scenarios due to structured environments and standardized tasks, with a focus on cost reduction and efficiency improvement for B-end clients [2] - Simple industrial processes, such as loading and unloading, tightening, and other labor-intensive tasks, are expected to be the breakthrough points for the large-scale application of humanoid robots [2] - The Robot ETF (562500) is the only robot-themed ETF in the market with a scale exceeding 20 billion, covering various segments including humanoid robots, industrial robots, and service robots, providing investors with a one-click investment opportunity in the robot industry chain [2]

每日经济新闻 （责任编辑：董萍萍 ） 中信建投证券表示，人形机器人指数相对涨跌主要受T链进展（性能迭代、硬件定型、量产指引） 影响。板块从主题投资（聚焦硬件新方向）到量产预期（聚焦供应链确定性+硬件新方向），现阶段 Gen3硬件定型及规模化量产虽推迟至2026年，但板块β仍具韧性。 机器人ETF（562500）是全市场唯一规模超两百亿的机器人主题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。场外联接（华夏 中证机器人ETF发起式联接A：018344；华夏中证机器人ETF发起式联接C：018345）。 截至10点5分，机器人ETF（562500）走出"V"型修复行情，虽微跌0.21%，但多头抵抗意愿强烈。 持仓股方面亮点突出，步科股份强势领涨超8%，禾川科技涨超4%，巨轮智能、博杰股份等个股跟涨； 固高科技、海目星等个股短期承压。流动性方面表现尤为抢眼，开盘半小时成交额已突破3.32亿元，交 投十分火爆。 消息方面，据商汤科技消息，大晓机器人将于12月18日正式亮相，发布多项技术与产品阵列，并将 推出首个国内开源且实现商业应用的"开悟"世界模型3. ...

（文章来源：每日经济新闻） 每经AI快讯，12月5日，减速器板块短线拉升，步科股份涨超15%，斯菱股份、力星股份、丰立智能、 五洲新春、精研科技等跟涨。 ...

减速器板块短线拉升，步科股份涨超15%，斯菱股份、力星股份、丰立智能、五洲新春、精研科技等跟 涨。 ...