经过半年的调试与迭代，首台适配钢结构制造场景的具身智能焊接机器人正式落地。在该钢结构企业的 车间里，这台机器人面对不同类型的焊接需求，无需人工示教，只需通过视觉/激光扫描就能生成专属 焊接方案，满足了该企业高质高效的焊接需求。此外，当江苏北人将业务拓展至电梯、船舶等领域时， 它就能快速切换至新场景，实现"一脑多形"的灵活应用。 这一案例并非个例。在某知名电梯公司的生产车间，具身智能焊接机器人同样大放异彩。江苏北人提供 的电梯轿底免示教焊接工作站可兼容多种规格的电梯轿底，传统机器人需要针对每种工况专门编写专属 程序，而江苏北人的具身智能焊接机器人，通过"眼—脑—手"协同，能自主识别配件的型号、尺寸，动 态优化工艺参数。双机器人双工位24小时持续稳定运行，生产效率加倍提升，助力客户降本、提质、增 效。 江苏北人副总裁林涛向记者表示，在政策与市场的双重驱动下，江苏北人研发的具身智能焊接机器人具 备"一脑多形"的特点，能够满足重钢、船舶、电梯等小批量、多品种的复杂焊接场景的应用需求，可根 据客户需求定制移动、龙门、悬臂等多元形态，实现专用场景向通用场景的升级。这种技术架构，不仅 打破了传统机器人"一机一用"的限制，更 ...

Core Points - Jiangsu Beiren's stock price has dropped by 5.04% to 25.46 CNY per share, with a total market capitalization of 3.02 billion CNY, marking a cumulative decline of 9.12% over the past four days [1] - The company specializes in providing automation and intelligent system integration solutions for industrial robots, with its main revenue sources being welding industrial robot system integration (76.29%), energy storage systems (12.55%), and non-welding industrial robot system integration (5.19%) [1] Fund Holdings - According to data, one fund from ICBC Credit Suisse holds Jiangsu Beiren as its top position, with 300 shares representing 0.0002% of the circulating shares, resulting in a floating loss of approximately 405 CNY today and a total floating loss of 807 CNY over the past four days [2] - The fund, ICBC SSE STAR Market Composite Price ETF Linked A (023725), has a total scale of 206 million CNY and has achieved a return of 34.41% since its inception [2] - The fund manager, Shi Baojiao, has been in position for 3 years and 321 days, overseeing assets totaling 3.304 billion CNY, with the best and worst fund returns during his tenure being 79.57% and -31.79%, respectively [2]

每经记者｜张韵 每经编辑｜陈俊杰 10月15日，中邮科技公告称，基于公司经营管理需要，董事会同意解聘尚德威的总经理职务，由董事长 杨效良代为履行总经理职责。 目前，尚德威通过员工持股平台间接持有公司股份3.12万股，持股比例为0.02%。根据公告，尚德威于 2024年10月30日被聘任为总经理，其原定任期到期日为2027年6月26日。简历显示，尚德威历任南京菲 尼克斯电气有限公司总线及网络通讯事业部经理、深圳市披克科技有限公司董事总经理、上海新时达电 气股份有限公司执行副总裁、上海采撷电子信息科技有限公司总经理和上海仲睿科技有限公司总经理。 封面图片来源：视觉中国-VCG211322973159 2025年上半年，中邮科技营业收入同比增加12.07%，主要系智能物流系统订单量增加。国内市场拓展 方面，公司加大了新客户的开拓力度，新增联邦快递（中国）、富士康、吉速等客户，并持续优化业务 布局，拓展了智能仓储、集中维保、一体化运营等业务；国际市场开拓方面，公司新增海外商机和订单 同比大幅增加。 不过，2025年上半年，中邮科技扣非净利润的亏损进一步扩大。公司方面表示，主要系行业竞争加剧， 毛利率下降所致。另外，由 ...

Group 1 - The company, Jiangsu Beiren, confirmed on October 15 that Mr. Li Dingkun is a core technical staff member [1] - According to regulations, the trading of his shares does not require pre-disclosure [1]

Group 1: Market Performance - The three major indices collectively rose, with the CSI Robot Index (H30590.CSI) increasing by 0.69%, driven by significant gains in stocks such as Jiangsu Beiren (over 5% rise) and Aubi Zhongguang (nearly 4% rise) [1] - The CSI Electronics Index (930652.CSI) also saw an increase of 0.73%, with notable performers including Baiwei Storage (over 11% rise) and Sanhuan Group (over 10% rise) [1] - The Robot ETF (159770) rose by 0.73%, with a trading volume of 76.66 million yuan and a net inflow of 134 million yuan on the previous trading day, marking two consecutive days of net inflows totaling 216 million yuan [1] Group 2: Policy and Regulation - The Hangzhou municipal government is working on a draft regulation to promote the development of embodied intelligent robots, aiming to establish Hangzhou as a global leader in AI innovation [2] - The regulation is expected to create a stable and predictable institutional environment for the growth of embodied intelligent robot enterprises, focusing on optimizing the innovation ecosystem and enhancing industry chain capabilities [2] Group 3: Industry Trends - China's industrial robot exports grew by 54.9% in the first three quarters, reflecting an increasing demand for robots in international markets [3] - The Robot ETF (159770) tracks the CSI Robot Index, which includes companies involved in automation equipment manufacturing and related sectors, covering both hardware and software core areas [3] - Century Securities suggests focusing on high-value, high-tech barrier segments such as screws, reducers, and electronic skin as the humanoid robot industry progresses [4] - Guojin Securities highlights that with advancements in embodied intelligent models, humanoid robots are expected to enter commercialization by 2026 [4]

10月13日，江苏北人跌7.41%，截至发稿，报26.00元/股，成交2545.99万元，换手率0.84%，总市值 30.84亿元。 华夏中证机器人ETF（562500）成立日期2021年12月17日，最新规模144.71亿。今年以来收益38.3%， 同类排名1263/4220；近一年收益49.24%，同类排名701/3855；成立以来收益7.45%。 华夏中证机器人ETF（562500）基金经理为华龙。 截至发稿，华龙累计任职时间3年54天，现任基金资产总规模429.26亿元，任职期间最佳基金回报 125.44%， 任职期间最差基金回报-15.08%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，江苏北人智能制造科技股份有限公司位于江苏省苏州工业园区青丘巷1号,苏州工业园区淞北 路18号，成立日期2011年12月26日，上市日期2019年12月11日，公司主营业务涉及提供工业机器人自动 化、智能化的系统集成整体解决方案,主要涉及柔性自动 ...

资料显示，江苏北人智能制造科技股份有限公司位于江苏省苏州工业园区青丘巷1号,苏州工业园区淞北 路18号，成立日期2011年12月26日，上市日期2019年12月11日，公司主营业务涉及提供工业机器人自动 化、智能化的系统集成整体解决方案,主要涉及柔性自动化、智能化的工作站和生产线的研发、设计、 生产、装配及销售。主营业务收入构成为：焊接用工业机器人系统集成76.29%，储能系统12.55%，非 焊接用工业机器人系统集成5.19%，其他3.24%，定制夹具1.89%，其他(补充)0.85%。 从基金十大重仓股角度 数据显示，工银瑞信基金旗下1只基金重仓江苏北人。工银上证科创板综合价格ETF联接A（023725）二 季度持有股数300股，占流通股的比例为0.0002%，位居第一大重仓股。根据测算，今日浮盈赚取约432 元。连续3天上涨期间浮盈赚取426元。 10月9日，江苏北人涨5.2%，截至发稿，报29.15元/股，成交1.48亿元，换手率4.36%，总市值34.57亿 元。江苏北人股价已经连续3天上涨，区间累计涨幅5.4%。 工银上证科创板综合价格ETF联接A（023725）基金经理为史宝珖。 截至发稿，史宝 ...

Core Insights - Jiangsu Beiren's stock price increased by 5.2% on October 9, reaching 29.15 CNY per share, with a trading volume of 148 million CNY and a turnover rate of 4.35%, resulting in a total market capitalization of 3.457 billion CNY [1] - The stock has seen a cumulative increase of 5.4% over the past three days [1] Company Overview - Jiangsu Beiren Intelligent Manufacturing Technology Co., Ltd. was established on December 26, 2011, and went public on December 11, 2019 [1] - The company specializes in providing automation and intelligent system integration solutions for industrial robots, focusing on flexible automation and intelligent workstations and production lines [1] - Revenue composition includes: 76.29% from welding industrial robot system integration, 12.55% from energy storage systems, 5.19% from non-welding industrial robot system integration, 3.24% from other sources, 1.89% from custom fixtures, and 0.85% from supplementary sources [1] Shareholder Insights - Among the top ten circulating shareholders, Huaxia Fund's Huaxia CSI Robot ETF (562500) increased its holdings by 381,400 shares in Q2, totaling 2.1271 million shares, which represents 1.79% of circulating shares [2] - The ETF has generated an estimated floating profit of approximately 3.063 million CNY today and 3.0204 million CNY during the three-day increase [2] - The Huaxia CSI Robot ETF was established on December 17, 2021, with a current size of 14.471 billion CNY and has achieved a year-to-date return of 40.61% [2]

Investment Rating - The report maintains a "Recommended" rating for the humanoid robot industry, indicating that the industry index is expected to outperform the benchmark index by more than 10% [7]. Core Insights - The humanoid robot concept index increased by 2.97% from September 14 to September 19, 2025, outperforming the CSI 300 index by 3.41 percentage points. Year-to-date, the humanoid robot index has risen by 78.38%, surpassing the CSI 300 index by 60.54 percentage points [2][12]. - Figure AI, a leading startup in humanoid robotics, announced it raised over $1 billion in Series C funding, achieving a post-money valuation of $39 billion. This funding round was led by Parkway Venture Capital, with participation from major investors like NVIDIA and Intel Capital. This milestone is seen as crucial for the next phase of growth in humanoid robotics [5][26]. - The report highlights significant advancements in the humanoid robot sector, including strategic partnerships, technological innovations, and substantial investments, indicating a robust growth trajectory for the industry [3][21][24]. Weekly Market Review - The humanoid robot index saw the highest weekly gain from Junsheng Electronics at +44.25%, while Jiangsu Beiren experienced the largest decline at -16.18% [19][22]. - The report notes that the central enterprises have invested 8.6 trillion yuan in strategic emerging industries since the 14th Five-Year Plan, reflecting strong governmental support for the sector [21]. Key Company Announcements - TOSY Robotics has completed multiple rounds of validation for its first humanoid robot product, "Xiao Tuo," which can autonomously perform complex tasks in industrial settings [24]. - Zhongding Holdings has established strategic partnerships in the humanoid robot field, leveraging its proprietary technologies [29]. - Wanxiang Qianchao is focusing on developing key components for humanoid robots, with plans to enhance production capacity significantly by 2025 [30]. Industry News - The Ministry of Science and Technology is promoting the application of humanoid robots in various sectors, including automotive manufacturing and logistics, which is expected to lay a solid foundation for the future trillion-dollar industry [23]. - Yusheng Micro has developed Ethernet communication products suitable for robot motion control, indicating advancements in communication technology for humanoid robots [32].

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on the export of process industrial equipment and humanoid robots [1]. Core Insights - The petrochemical industry is expected to become a major source of global oil demand growth, benefiting from China's mature industrial chain and related equipment. Despite challenges such as energy transition and geopolitical risks, global oil demand is projected to grow by 2.5 million barrels per day from 2024 to 2030, reaching 105.5 million barrels per day [6]. - The humanoid robot sector is highlighted for three key reasons: new technology directions focusing on cost reduction and lightweight designs, the importance of application scenarios, and the division of the robot market into two main segments: equipment and data/visualization [6]. - The report suggests that monetary and fiscal policies are being strengthened, which may lead to a new recovery cycle in the equipment industry. Key companies to watch include Huichuan Technology, Xinjie Electric, and Weichuang Electric in the industrial control sector, and various companies in the robotics and machine tool sectors [6]. Summary by Sections Industry Overview - The mechanical industry consists of 632 listed companies with a total market capitalization of approximately 6,323.2 billion yuan and a circulating market value of about 5,266.4 billion yuan [3]. Company Earnings Forecasts and Valuations - Key companies and their projected earnings per share (EPS) and price-to-earnings (PE) ratios for 2025E to 2027E are as follows: - Huichuan Technology: EPS of 2.12 yuan in 2025E, PE of 38.60 [2]. - Flantak: EPS of 0.60 yuan in 2025E, PE of 18.12 [2]. - Xinjie Electric: EPS of 1.83 yuan in 2025E, PE of 34.64 [2]. - Oke Yi: EPS of 0.71 yuan in 2025E, PE of 32.04 [2]. - Lanjian Intelligent: EPS of 1.50 yuan in 2025E, PE of 25.98 [2]. Market Performance - The mechanical sector has shown a 1.5% increase in the past week, while the overall market performance of the Shanghai Composite Index was -1.3% [10][15]. - Among sub-sectors, boiler equipment had the highest increase at 12.3%, while shipbuilding had the lowest at -4.0% [11]. Investment Recommendations - The report emphasizes the importance of focusing on companies in various sectors, including industrial control, robotics, machine tools, and testing industries, suggesting a broad range of investment opportunities [6][21].