Group 1 - The 2025 World Artificial Intelligence Conference (WAIC2025) will be held from July 26 to 29 at the Shanghai Expo Center, gathering top enterprises, experts, and industry leaders to discuss advancements and applications in artificial intelligence technology [1] - Zhiyuan Robotics, a leader in embodied intelligence, will showcase four major robot products: Lingxi X2, Jingling G1, Expedition A2, and Expedition A2-W in a 300㎡ exhibition area, demonstrating their motion intelligence, operational intelligence, and interactive intelligence [1] - The exhibition will feature various commercial scenarios including industrial logistics, commercial services, home use, scientific education, and entertainment, highlighting the commercial capabilities and value of embodied intelligent robots [1] Group 2 - The "Intelligent Start of Embodied Forum," hosted by Zhiyuan Robotics, will be one of the key forums at WAIC2025, inviting academic leaders and industry elites from companies like Google, PI, Amazon, and NVIDIA to discuss trends, technological innovations, and commercial applications in embodied intelligence [2]

Group 1 - The establishment of a joint laboratory for embodied intelligence between Digua Robotics and Shenzhen University focuses on talent cultivation and research breakthroughs, aiming to convert technological achievements into industrial applications [1] - Prior to the lab's establishment, Digua Robotics and Shenzhen University collaborated on multiple robotics courses and created a university-level embodied intelligence club to provide a complete growth chain for students from theoretical learning to practical operation [1] - Digua Robotics, a spin-off from Horizon Robotics, is a leading provider of general hardware and software platforms for robotics, dedicated to advancing research in embodied intelligence and facilitating the application of consumer-grade robotics [1] Group 2 - Digua Robotics completed a $100 million Series A financing round on May 28, with participation from Hillhouse Capital, Wuyuan Capital, and Meihua Venture Capital [2] - On June 11, Digua Robotics launched its first integrated robot development kit, RDK S100, designed for robotics and embodied intelligence scenarios, marking a significant increase in computing power to the hundred TOPS level [2] - The previously released robot chips by Digua Robotics had computing power of 10 TOPS or lower, primarily serving low to mid-power applications such as vacuum cleaners and lawn mowers [2]

港股今天虽然微跌了0.08%，主要是大金融普遍调整拖累大盘，但看上去问题也不大，因为 A 股也在上 行。 黄仁勋的言论对市场影响力相当可以，其在链博会上预言，人工智能的下个浪潮是物理AI （Physic AI）—通过算法学习物理规律预测结果，替代程序员写代码，将重塑工业与机器人领域。机器人乘势 而起，优必选（09880）公布，旗下新一代工业人形机械人Walker S2 搭载全球首创人形机械人热插拔自 主换电系统，毋须人工干预或关机即可自主换电，需时仅约3分钟，令该产品具备24小时无间断工作的 能力，可避免因充电停机导致的任务中断。这个算有了一些进步，今天涨超7%。而新入品种想象力更 强，如德昌电机控股（00179）发布公告，与上海机电订立两份股权合资协议，成立两家股权式合资企 业。第一家合资公司主要作为人形机器人解决方案的销售渠道。第二家合资公司专注于人形机器人硬件 模块及系统集成的设计和制造。每家合资公司的注册资本均为7500万元人民币（约1050万美元），看来 进军机器人行业动静挺大，今天大涨超14%。其它品种地平线机器人-W(09660)涨近5%。不光是机器 人，黄仁勋基本上所有买了H20的行业都被夸了 ...

Group 1: Core Insights - Public funds are rapidly shifting investment strategies, focusing on sectors like innovative pharmaceuticals, short dramas, robotics, and controllable nuclear fusion, reflecting a proactive approach to structural market trends [1][7] - The Longcheng Pharmaceutical Industry Fund achieved a remarkable 102.52% increase in year-to-date performance, driven by strategic investments in leading innovative pharmaceutical companies [2][4] - The success of the fund is attributed to its combination strategy of investing in both Hong Kong and A-share markets, with significant contributions from partnerships like the $6 billion deal between Sanofi and 3SBio [2][5] Group 2: Sector-Specific Strategies - The Tongtai Industrial Upgrade Mixed Fund, previously on the brink of liquidation, successfully pivoted to a focus on robotics, resulting in a recovery of its scale from 80 million to 140 million yuan, with a net value increase of 42% [3][5] - The Yongying Fund's aggressive strategy includes launching funds focused on controllable nuclear fusion and deep-sea technology, with significant investments in companies like Guoguang Electric and Zhongke Haixun [5][6] - The deep-sea technology sector is projected to see investments exceeding 200 billion yuan by 2025, driven by national strategies and the potential for domestic replacements in materials and exploration technologies [5][8] Group 3: Industry Transformation - The public fund industry is undergoing a transformation from broad-based investment strategies to more targeted approaches, as evidenced by the shift in focus from renewable energy to AI-driven technologies [6] - Innovative fund products, particularly those with a three-year lock-up period, are becoming more prevalent, allowing for long-term strategic investments without short-term redemption pressures [6] - High volatility is becoming a norm in the market, with significant daily fluctuations in sectors like controllable nuclear fusion, yet fund managers remain committed to long-term technological breakthroughs [6][7]

日前出席链博会的英伟达创始人兼CEO黄仁勋在接受媒体采访时表示，H20芯片已被重新批准销售，英 伟达正在全力准备产能恢复；看好中国机器人产业前景，对中国市场新推出RTX Pro适用于数字工厂、 智能工厂及机器人领域。另外，黄仁勋与之江实验室主任、阿里云创始人王坚最新展开炉边对话，表示 人工智能现在处于推理人工智能阶段，并且无限接近通用人工智能阶段。 重启供应链 受H20销售禁令影响，英伟达此前预估两季度累计损失135亿美元收入，并可能错失高达500亿美元的中 国算力市场。7月15日，英伟达宣布对华特供版H20算力芯片恢复供应，并将面向中国市场上新完全兼 容的GPU产品，公司股价连续两个交易日上涨，最新市值4.18万亿美元。 市场有传闻H20对华销售将以库存为主。对于最新订单情况，黄仁勋在接受采访时表示，目前还没有 （订单），因为相关许可尚未获批。美国政府部门正在审批流程中，预计很快就会有结果。一旦获得批 准，公司就能正式接收订单。 不过，他表示重启供应链尚需要时间。目前客户订单还存在不确定因素；公司正在全力准备，以尽快满 足需求。据介绍，目前英伟达供应链准备周期长达9个月，正在全力加速Hopper架构产品的产 ...

Core Insights - The third Chain Expo commenced on July 16, with an increasing number of exhibiting companies participating in groups [1] - The digital technology chain saw group exhibitions from Zhejiang, Hubei, and Sichuan Mianyang, showcasing various innovative industries [2] Group 1: Digital Technology Chain - Zhejiang organized a special area focusing on digital intelligence, linking 13 local enterprises to create a concentrated display effect [3] - Hubei's unique humanoid robot exhibition featured 22 local companies showcasing over 80 exhibits, including the "Laborer" humanoid robot, which is the tallest and heaviest known humanoid robot [10][11] - The humanoid robot sector was a highlight, with companies from Zhejiang, Hubei, and Sichuan competing and collaborating [5] Group 2: Intelligent Automotive and Advanced Manufacturing - Jiangsu Wuxi presented a hydrogen-electric coupling solution, while Taicang and Shaanxi showcased intelligent automotive manufacturing [4] - The advanced manufacturing chain featured a display from Taicang, known as the "German enterprise hometown," highlighting precision components and global leading smart equipment [16][17] Group 3: Clean Energy Chain - Nine companies from Wuxi demonstrated a hydrogen-electric coupling solution, which allows for the conversion and efficient collaboration of hydrogen and electricity [15] - The clean energy sector is positioned to potentially make hydrogen a mainstream energy carrier in the future [16]

在资本密集涌入、技术迭代加速与商业化订单落地的三重驱动下，行业从实验室迈向规模化应用。 2025年初夏，深圳某机器人测试中心的凌晨依旧灯火通明。 一台名为"Walker S"的人形机器人正用灵巧的金属手指将物料箱整齐地码在货架上。 这样的场景正在比亚迪（002594）、吉利等12家车企的流水线上扩展，成为中国"人形机器人量产元 年"最鲜活的注脚。 政策推手率先开启产业化大门。当工信部《人形机器人创新发展指导意见》将关键技术攻关列为"国家 制造业核心竞争力"时，地方政府百亿级产业基金如同接到发令枪：北京、上海、深圳、苏州、成都等 地皆设立了百亿级机器人产业发展基金。资本狂潮在7月初达到沸点——短短3天内，4家初创公司融资 25亿元，并且今年前5个月融资额已超过2024年全年总和。 然而实验室的捷报与工厂的订单之间，横亘着冰冷的技术鸿沟。 宇树科技G1机器人展示的720°凌空回旋踢引爆社交媒体时，另一条新闻却被忽略：北京半程马拉松的 20台陪跑机器人仅有6台完赛，14台因关节过热或平衡系统崩溃倒在途中。赛事最终完赛率仅30%，恰 如行业现状的隐喻。 更深的矛盾藏于成本账簿中。 当中国移动（600941）豪掷1.2 ...

Group 1 - The human-shaped robot industry is experiencing a significant turning point and transformation opportunity due to substantial investments and resources from domestic and international giants, driven by funding and policy support [1] - The 2025 government work report highlights embodied intelligence as a key focus for future industry cultivation, marking it as an important lever for upgrading China's manufacturing sector [1] Group 2 - The cost of using human-shaped robots in factory warehousing and home services is significantly lower than labor costs, providing higher stability and economic benefits [2] - Major companies are unveiling mass production plans, with Tesla's Optimus aiming for 50,000 units by May 2026 and 500,000 to 1 million units by 2029, while Figure AI has launched its first automated production line with an annual capacity of 12,000 units [2] - The global production capacity of human-shaped robots is expected to reach at least 1 million units by 2029, with a market size projected to reach 150 billion yuan [2] Group 3 - Core mechanical components are crucial for the performance and functionality of human-shaped robots, directly affecting motion precision, load capacity, flexibility, and overall reliability [3] - The market demand for core mechanical components, such as joint modules, reducers, dexterous hands, and sensors, is expected to see significant growth in the context of the expanding human-shaped robot market [3]

港股收盘，恒指收跌0.08%，科指收涨0.56%；理想汽车(02015.HK)涨超9%，中国生物制药(01177.HK) 涨超6%，地平线机器人(09660.HK)涨近5%；周大福(01929.HK)跌超3.5%，百度(09888.HK)跌超3%。 ...

一、事件：世界机器人大会 2025世界机器人大会将于8月8日至12日举办，也是第十届大会。 目前大会已经成为我国机器人领域规模最大，规格最高，国际元素最丰富的顶尖会议，已成为世界机器人领域的品牌盛会。本届大会以"让机器人更智慧 让 具身体更智能"为主题，展览面积首次超5万平方米。 博览会展示内容重点聚焦人形机器人、机器人应用场景拓展、关键技术突破、前沿技术创新、新品首发等方面。 大赛还将举办共融机器人挑战赛、BCI脑控机器人大赛、青少年机器人设计大赛，同期举办"2025世界机器人大会脑控机器人赛会纪录挑战活动"，发布"2025 世界机器人大赛十大竞赛创新成果"等。 展商方面，大会拟邀请参与企业包括宇树科技、上海智元、乐聚、众擎等国内领军机器人企业，还将全力邀请特斯拉、1X等国际企业。 截至目前，费斯托、SMC、国地共建具身智能创新中心等近百家国内外企业已确认参展，预计参展企业数量将超200家，将汇聚近50家人形机器人知名整机 企业，百余款新品将在会期亮相。 站在当下环境向前看，市场科技主线地位稳固，人形机器人板块是继新能源汽车板块之后具备强成长性预期的行业，长周期内有望演绎新能源汽车"来时的 路"，板块趋势将 ...