Group 1 - The A-share technology sector is experiencing mixed performance, with storage and humanoid robot sectors seeing fluctuations and gains, while AI application sectors continue to decline [1] - The largest AI ETF in the Shanghai market (515070) has narrowed its decline to 0.23%, with significant gains in holdings such as Aobo Zhongguang-UW, which surged over 6% [1] - The robot leasing platform "Qingtian Rental" announced the completion of its seed round financing, achieving over 200,000 registered users and maintaining an average of over 200 daily orders within three weeks of launch [1] Group 2 - Qingtian Rental has partnered with major brands like Meiyijia, Haidilao, and Yuyuan Group to utilize robots for store traffic and brand activities, shifting from traditional equipment sales to a callable service model [1] - Dongfang Securities indicates that the investment logic in the humanoid robot industry is shifting from "hardware mass production" to "AGI (Artificial General Intelligence) development," emphasizing the importance of AGI capabilities as a key investment focus [1] - Despite Chinese companies leading in manufacturing, the marginal impact of simple robot mass production on investment is expected to diminish, with future value lying in AGI capabilities [1] Group 3 - The AI ETF (515070) tracks the CS AI theme index (930713), selecting component stocks that provide technology, basic resources, and application end stocks, focusing on the midstream and upstream of the AI industry chain [2] - The top ten weighted stocks in the ETF include leading domestic technology companies such as Zhongji Xuchuang, Xinyi Sheng, Hanwha Technology, and Hikvision [2]

Core Viewpoint - The A-share market experienced a significant surge on January 12, 2026, driven by the NFC (Near Field Communication) industry chain, particularly highlighted by Alipay's "Tap" feature, which has transformed a dormant mobile function into a vital connection between the physical and digital worlds, reshaping the value of the entire NFC industry chain [1] Group 1: Company Performance - Lens Technology (300433.SZ) saw its stock price rise by 10% to 42.66 yuan, with a trading volume of 12 billion yuan, indicating high market activity [2] - Lens Technology is a key supplier for Alipay's "Tap" feature, with its stock increasing by 147% since the feature's announcement on July 8, 2024 [2] - The expansion of the "Tap" feature into various high-frequency applications has opened a "second growth curve" for Lens Technology beyond consumer electronics [3] Group 2: Chip Industry Insights - Fudan Microelectronics (688385.SH) is positioned as a leading domestic chip design company, providing essential NFC and security chips for the "Tap" feature, which contributed to its stock price increasing by 9.84% to 98 yuan [4] - Since the announcement of Alipay's "Tap," Fudan Microelectronics has seen its stock rise by over 220%, highlighting the critical role of NFC chips in the user experience [5] - Institutional investors are actively investing in Fudan Microelectronics, reflecting confidence in the company's value within the NFC ecosystem amid a focus on technological self-sufficiency and supply chain security [5] Group 3: 3D Vision Technology - Orbbec (688322.SH) represents the 3D vision sector, with its long-term stock performance reflecting market optimism about future interaction methods [6] - The "Tap" feature signifies a near-field interaction solution, while 3D vision technology is seen as central to spatial interaction, suggesting a convergence of various interaction modalities in future smart devices [6] - The market is positioning companies like Orbbec as integral to the upcoming AI hardware ecosystem, with applications in robotics, the metaverse, and AIoT [7]

Core Viewpoint - The report from Zhongyou Securities highlights that Obi Zhongguang is accelerating the research and development of core technologies in 3D vision and spatial perception to meet the diverse needs of robots transitioning from consumer to industrial-grade three-dimensional scanning [1] Group 1: Technology Development - The "Robot AI Vision and Spatial Perception Technology R&D Platform Project" is based on the company's comprehensive technical R&D capabilities and full-spectrum technology layout in the 3D vision perception technology system [1] - The company is continuously advancing core technology research and breakthroughs in areas such as robot vision, AI vision, multimodal perception, high-precision three-dimensional scanning, and precision manufacturing and assembly processes [1] Group 2: Market Position and Growth - The project aims to provide products and services to key industries and clients, including embodied intelligence/humanoid robots, three-dimensional digitalization/digital twins, and traditional industries/developers [1] - The ongoing development of downstream application scenarios is expected to drive continuous growth in the 3D vision perception market, providing significant support for the successful implementation of the project [1] - The company aims to strengthen its leading position in the global 3D vision perception industry, enhancing its core competitiveness and market share [1]

Group 1 - The core product of the company, the Gemini330 series 3D camera, has been successfully adapted to the NVIDIA Jetson Thor platform, enhancing the capabilities of robotic manufacturers by enabling high-speed processing and flexible integration options [1][2] - The collaboration between the Gemini series and the Jetson Thor platform provides a complete visual computing solution for embodied intelligence applications, accelerating innovation in humanoid robots and advanced autonomous mobile robots (AMR) [2] - The company has established a dual manufacturing system in Shunde, China, and Vietnam, which supports global clients with integrated R&D and manufacturing capabilities [3][5] Group 2 - The Shunde manufacturing base has the capacity for millions of sensors and hundreds of thousands of robotic terminals, while the Vietnam factory is expected to commence production in May 2026, enhancing global delivery efficiency and supply chain resilience [5] - The company has successfully provided manufacturing services for leading global clients in various sectors, including rehabilitation robots, smart lawn mowers, humanoid robots, and warehouse and cleaning robots, helping to reduce overall costs and shorten time-to-market [5]

Market Review - The Huaxia AI ETF (589010) experienced a slight decline of 0.20% on January 7, showing strong resilience and recovery capability after a brief afternoon pullback. Starry Technology-U surged by 11.37%, becoming the strongest performer of the day, while other key stocks like Lingyun Optics, Aisino Technology, and Chipone Technology helped stabilize the market. The single-day turnover rate exceeded 11%, with a trading volume of nearly 4 billion, indicating strong market activity and investor interest during the adjustment period [1] - The Robot ETF (562500) fell by 0.77%, closing at 1.033 yuan. Despite the overall market showing signs of fluctuation, there were structural highlights within the sector: Hongxun Technology rose against the trend, achieving a 10.04% limit-up. Other stocks like Southern Power Technology, Jingye Intelligent, and Dazhu Laser also showed strong performance, indicating robust resilience. Notably, the Robot ETF maintained high liquidity, with a total trading volume exceeding 15.98 billion and a turnover rate close to 6%, reflecting sufficient turnover between bulls and bears at this level [1] Key News - The Ministry of Industry and Information Technology, along with eight other departments, issued the "Implementation Opinions on the 'Artificial Intelligence + Manufacturing' Special Action." The opinions emphasize accelerating the upgrade of intelligent terminals and supporting breakthroughs in technologies such as edge models and application toolchains. The focus is on key scenarios like industrial inspection and remote medical care, promoting the industrialization and commercialization of new terminals such as AR/VR wearable devices and brain-computer interfaces [2] - At the ongoing CES 2026 in Las Vegas, the company Obsidian Light confirmed its participation and plans to showcase multiple new products targeting embodied intelligent robots, quadruped robots, lawn mowers, outdoor autonomous mobile robots (AMR), and robotic arms. The new products will focus on fine operation perception, complex environment adaptation, and system collaboration, aiming to provide more stable and practical visual solutions for downstream applications. Additionally, the company will demonstrate its latest adaptation with NVIDIA's Jetson Thor platform, enhancing system integration efficiency for robot manufacturers through high-quality 3D visual data and next-generation edge computing platforms [3] - On January 6, 2026, at CES, RoboSense and Segway Navimow jointly launched the new consumer-grade smart lawn mower Navimow i2 LiDAR model. The product's core highlight is its custom E1R version developed by RoboSense, which addresses operational challenges in complex yard scenarios through precise environmental perception and strong adaptability [4] Institutional Views - Guohai Securities believes that humanoid robots, as a culmination of advanced technologies such as artificial intelligence, high-end manufacturing, and new materials, are designed to mimic human appearance and behavior. Looking ahead, they are expected to profoundly transform human production and lifestyle, becoming a new engine for economic growth [5]

Core Insights - The artificial intelligence ETF Huaxia (589010) demonstrated strong resilience with a slight decline of 0.20%, showcasing its recovery capability [1] - The industrial and information technology departments in China issued an implementation opinion to accelerate the upgrade of intelligent terminals, focusing on key scenarios such as industrial inspection and remote medical care [1] Group 1: Market Performance - Huaxia ETF's top holding, Xinghuan Technology-U, surged by 11.37%, leading the day's performance [1] - The Robot ETF (562500) experienced a decline of 0.77%, closing at 1.033 yuan, but showed structural strengths within its holdings [1] - The Robot ETF maintained high liquidity with a trading volume exceeding 15.98 billion yuan and a turnover rate close to 6% [1] Group 2: Industry Developments - The Ministry of Industry and Information Technology's new policy aims to support the development of AI terminals, including smart phones, computers, and smart home devices [1] - The policy emphasizes the commercialization of new terminals like AR/VR wearable devices and brain-machine interfaces, promoting innovation in humanoid robots [1] Group 3: Company Announcements - Aobi Zhongguang confirmed participation in CES 2026, planning to showcase multiple new products focused on embodied intelligent robots and outdoor autonomous mobile robots [2] - RoboSense and Segway Navimow launched a new consumer-grade smart lawn mower, Navimow i2LiDAR, featuring advanced environmental perception capabilities [3] Group 4: Institutional Perspectives - Guohai Securities highlighted humanoid robots as a convergence of advanced technologies, predicting they will transform human production and lifestyle, becoming a new engine for economic growth [3] Group 5: ETF Highlights - The Robot ETF (562500) is the only ETF in the market with a scale exceeding 20 billion, providing comprehensive coverage of the Chinese robotics industry [3] - Recent adjustments to the ETF's components increased the humanoid robot content to nearly 70%, successfully removing underperforming stocks [3]

Core Insights - Embodied intelligence is emerging as a new engine driving industrial transformation, differentiating itself from traditional AI by enabling physical entities to interact with their environment, thus achieving a closed loop of "perception-decision-action" [1][2] Industry Developments - In January 2025, the Yujian Atom humanoid robot achieved full autonomous operation at a cinema in Shenzhen, capable of selling over 1,000 cups of popcorn daily and handling unexpected situations [1] - In April 2025, the "Tiangong Ultra" robot won a half-marathon in Beijing, showcasing its ability to autonomously adjust running direction and speed [2] - The "Kuafu" humanoid robot, developed by Leju Robotics, served as the torchbearer at the Shenzhen National Games, demonstrating advanced capabilities in complex scenarios [2] Technological Advancements - Shenzhen's embodied intelligence industry is marked by significant technological breakthroughs, including the first human-like robot to perform a front flip and advancements in motion control and stability [2] - The local industry has seen the application of humanoid robots in various sectors, including industrial manufacturing and elder care, enhancing operational efficiency and service quality [2][3] Ecosystem Advantages - Shenzhen's robust ecosystem supports the growth of the embodied intelligence sector, with a concentration of over 100 robot companies, including leading firms like UBTECH and Yujian Technology [3] - The "Robot Valley" in Shenzhen features a complete supply chain, with high localization rates for core components, enhancing the speed of technology transfer from research to production [3][5] Future Outlook - By 2027, Shenzhen aims for its embodied intelligence robot industry to achieve international leadership, with a target industry scale exceeding 100 billion yuan and over 1,200 related enterprises [5][6] - The city is fostering a conducive environment for future industrial development through legislative and planning initiatives, enhancing its innovation capabilities in the embodied intelligence field [6] Investment and Policy Support - Shenzhen has established a comprehensive financial service system to support technology innovation, including various funds aimed at fostering long-term investments in hard technology sectors [5] - The city is also promoting collaborative innovation across the Greater Bay Area, enhancing its competitive edge in artificial intelligence and robotics [4][6]

Core Viewpoint - The company, Aobi Zhongguang, reported significant growth in revenue and net profit for the first three quarters of 2025, driven by advancements in various technology sectors [1] Group 1: Financial Performance - The company achieved an operating revenue of 714 million yuan, representing a year-on-year increase of 103.50% [1] - The net profit attributable to the parent company reached 108 million yuan, with a year-on-year growth of 279.12% [1] Group 2: Business Growth Drivers - The overall business scale and profitability of the company have been continuously improving since 2025, primarily due to rapid growth in areas such as robotics, 3D scanning, and payment verification [1] - The company has served over a thousand global clients and numerous developers, enhancing its market competitiveness [1] Group 3: Strategic Partnerships - The company has integrated with major international platforms including Microsoft, Apple macOS, NVIDIA Isaac and Jetson, and Intel, which has strengthened its product and solution competitiveness in both domestic and international markets [1] - The company's global ecosystem integration capabilities and strong partnerships are attracting more large clients for collaboration [1]

Core Viewpoint - The company launched the Gemini305 series of ultra-compact dual-camera 3D products at CES 2026, designed for collaborative robotic arms and industrial flexible gripping applications [1] Group 1: Product Features - The Gemini305 series includes two models: Gemini305 and Gemini305g, which are specifically designed for various advanced robotic applications [1] - The products are characterized by their small size and lightweight, while also offering high precision and a wide field of view [1] - The new cameras significantly enhance perception capabilities in close-range precision tasks, addressing common issues found in mainstream wrist-mounted 3D cameras, such as weak close-range performance, narrow field of view, and limited operational modes [1]

Core Viewpoint - Aobi Zhongguang has launched the Gemini 305, a compact dual-lens 3D camera designed for robotic applications, enhancing its global service capabilities with a dual-factory layout in China and Vietnam [1][3]. Group 1: Product Features - The Gemini 305 measures 42mm x 42mm x 23mm and weighs 68 grams, achieving sub-millimeter depth accuracy at a distance of 15 cm, with an imaging range of 4 to 100 cm [1]. - It offers multiple data stream modes, allowing users to switch between "depth + color" and "dual color" outputs, enhancing spatial perception and semantic understanding [2]. - Compared to mainstream wrist-mounted 3D cameras, the Gemini 305 significantly improves near-distance performance, reducing the perception blind spot by 43% and achieving a minimum imaging distance of 4 cm [2]. Group 2: Technological Integration - The Gemini 330 series has been fully adapted to the NVIDIA Jetson Thor platform, marking a significant advancement in edge computing capabilities for the robotics industry [2][3]. - The collaboration between the Gemini series and the Jetson Thor platform provides a comprehensive visual computing solution, facilitating innovation in humanoid robots and advanced autonomous mobile robots (AMRs) [3]. Group 3: Manufacturing and Global Strategy - Aobi Zhongguang's dual manufacturing layout in Shunde, China, and Vietnam is positioned to enhance its service capabilities for global clients, offering integrated R&D and manufacturing solutions [3]. - The Shunde facility is capable of mass production of millions of sensors and hundreds of thousands of robotic terminals, while the Vietnam factory is expected to commence operations in May 2026, improving global delivery efficiency and supply chain resilience [3].