Group 1 - The core point of the news is that the Penghua Carbon Neutral Fund's C-class shares experienced significant inflows and outflows in the second quarter, indicating a trend of short-term trading among investors [1][2][5] - In the second quarter, the total subscription for C-class shares exceeded 100 billion, reaching 100.5 billion, while redemptions amounted to 93.6 billion, highlighting a strong short-term trading behavior [2][4] - The fund's performance in the second quarter was negative, with a net value growth rate of -6.86%, underperforming the benchmark growth rate of 0.86% during the same period [4][5] Group 2 - The top ten holdings of the fund saw a significant change, with six stocks replaced, while still focusing on the robotics sector [6] - New stocks entering the top ten include Zhaomin Technology, Longsheng Technology, Beite Technology, Xiangxin Technology, Zhejiang Rongtai, and Siling Co., while stocks like Shuanglin Co., Zhongdali De, Huachen Equipment, and others exited [6] - The fund manager expressed concerns about various industries, particularly the challenges faced by the manufacturing sector due to global uncertainties and the need for supply-side reforms and technological upgrades to enhance competitiveness [8]

本报告导读： Figure 预计在四年内大规模部署其人形机器人，改变劳动力市场。魔法原子发布MagicBot Z1，高爆发 关节性能突破人形机器人运动极限。粤港澳建筑机器人大赛在广州开幕，32家企业同台竞技，三地联动 力推智能建造转型。 投资要点： 投资建议：重 点关注机器人整机厂商及机器人核心零部件供应商，包括：1）执行器和电机：推荐标的 为兆威机电；2）减速器：相关标的为瑞迪智驱、豪能股份、中大力德；3）丝杠类：推荐标的为恒立液 压、贝斯特，相关标的为浙江荣泰、丰立智能、震裕科技和北特科技；4）丝杠设备类：相关标的为华 辰装备、日发精机、秦川机床、浙海德曼、津上机床；5）轴承：相关标的为龙溪股份；6）传感器：推 荐标的为东华测试、柯力传感，相关标的为天准科技、安培龙、凌云股份、汉威科技；7）整机：相关 标的为优必选、越疆和亿嘉和。 Figure 预计在四年内大规模部署其人形机器人，推动劳动力市场变革。Figure 创始人兼CEO Brett Adcock 近期与 Gemini 开发者关系负责人 Logan Kilpatrick、联合主持人 Nolan Fortman 进行了一场深度 对话，主要展望业界机器 ...

Core Viewpoint - The procurement of humanoid robots by Zhiyuan Robotics and Yushu Technology from China Mobile (Hangzhou) marks a significant milestone in the commercialization process of the domestic humanoid robot industry, with a total budget of 124 million yuan (including tax), making it the largest order in the sector to date [1][2]. Group 1: Procurement Details - Zhiyuan Robotics won the bid for the full-size humanoid biped robot with a budget of 78 million yuan (including tax) [2]. - Yushu Technology secured the bid for the small-size humanoid robot, computing backpack, and dexterous hand, with a budget of 46.05 million yuan (including tax) [2]. - The total budget for the procurement project by China Mobile (Hangzhou) is 124 million yuan (including tax), representing the largest order in the domestic humanoid robot sector [2]. Group 2: Commercialization Progress - Since December 2024, Zhiyuan Robotics has announced 8 successful bids, including a recent project for the Zhuhai Embodied Intelligence Application Innovation Center with a bid amount of 12.7362 million yuan [3]. - Yushu Technology, established earlier, has disclosed 168 successful bids, with amounts ranging from several thousand to several hundred thousand yuan, primarily in education, research, and factory inspection [3]. Group 3: Strategic Acquisitions - Zhiyuan Robotics and its concerted action parties plan to acquire at least 63.62% of the shares in Shuangwei New Materials [4]. - The acquisition involves Zhiyuan Hengyue and Zhiyuan New Venture Partnership, which will collectively acquire 29.99% of the shares through a share transfer agreement [4]. - Following the share transfer, Zhiyuan Hengyue intends to further increase its stake in Shuangwei New Materials by offering to acquire an additional 37% of shares, which is expected to enhance Zhiyuan Robotics' control over Shuangwei New Materials and promote financing in the humanoid robot industry [4].

Core Viewpoint - The successful bids by Zhiyuan and Yushu for a 1.24 billion yuan humanoid robot OEM project signify a shift from research and development to commercialization in the humanoid robot industry, with communication becoming a key application scenario [1][4]. Group 1: Investment Highlights - Zhiyuan and Yushu have significant advantages in the humanoid robot sector, with accelerated scene implementation suggesting potential investment opportunities in the related industrial chain and growth driven by technological iterations [2][3]. - The project budget for the humanoid biped robot OEM service is set at 1.2405 billion yuan, with Zhiyuan winning the bid for the full-size robot package worth 780 million yuan and Yushu winning the bid for the small-size robot package worth 460.5 million yuan [2]. Group 2: Company Strengths - Zhiyuan leverages a "body + AI" full-stack technology, with its three major robot families covering multiple commercial scenarios, and has achieved mass production of its 1,000th general-purpose humanoid robot by January 2025 [3]. - Yushu specializes in the research, production, and sales of biped robots, demonstrating leadership in core components and motion control, with comprehensive self-developed key components and algorithms [3]. Group 3: Industry Implications - The order serves as a "shot in the arm" for the industry, marking the transition of humanoid robots from R&D to commercialization, attracting more companies and accelerating technological innovation and industrial upgrades [4]. - The procurement by a telecommunications giant indicates traditional industry demand, suggesting that communication services will become an important application scenario, with potential for further deepening and expansion [4]. - This development provides a commercial model for the industry, allowing Zhiyuan and Yushu to accumulate data and iterate products, thereby expanding their customer base and fostering a virtuous cycle in the industry [4].

Market Overview - The technology sector continues to show strong performance, with the AI and robotics sectors achieving five consecutive days of gains. The Huaxia AI ETF (89010) closed up 0.78%, with leading stocks like Lingyun Optics rising 4.78% and Tianzhun Technology up 4.28% [1] - The Robotics ETF (562500) increased by 1.39%, with nearly 60 constituent stocks in the green. Leading stocks included Jingpin Special Equipment up 9.86% and Zhongdali De up 7.76% [1] - The trading volume reached 9.61 billion yuan, with a turnover rate of 6.20%, indicating strong market liquidity. The Robotics ETF experienced a slight outflow of 0.09 billion yuan, likely due to profit-taking, but has attracted over 600 million yuan in the last 10 trading days [1] Key Developments - OpenAI launched a new ChatGPT agent capable of autonomous task management, marking a significant advancement in AI technology for automation [2] - The world's first bipedal robot designed for commercial travel, named "Dengba," was unveiled, featuring a unique bionic gait control system [2] - A new type of robot developed by Columbia University can "self-grow" by absorbing materials from its environment, representing a step towards sustainable robotic ecosystems [2] Institutional Insights - According to Zhonghang Securities, 2025 is projected to be the year when humanoid robots enter mass production, with positive developments from companies like Tesla, Figure, NVIDIA, and Yushun. The industry is characterized by a diverse range of players and evolving software capabilities [3] Popular ETFs - The Robotics ETF (562500) is the only fund in the market with over 10 billion yuan in assets, offering the best liquidity and comprehensive coverage of the Chinese robotics industry [4] - The Huaxia AI ETF (589010) is positioned as the brain of robotics, with a 20% fluctuation range and flexibility in small and mid-cap stocks, aimed at capturing pivotal moments in the AI industry [4]

在日前举行的第26届海外学子(大连)创业周人才交流洽谈会上，由大连坤达自动化有限公司(以下简 称"大连坤达")研发的坤达移动储能机器人首次亮相，引来不少人驻足观看。这款能够提供"无感"充电 服务的移动储能机器人即将投入市场，有望推动新能源汽车充电模式从传统的"人找桩"向便捷的"桩找 人"转变。 突破两大技术壁垒 "锂电池技术成熟，成本断崖式下降，移动储能产品迎来破土而出的最佳窗口期。"大连坤达副总经理韩 刚在接受科技日报记者采访时说，"近年来，我国锂电池每瓦时单价从1元多大幅降至3毛多，预计后期 还有下降空间。100千瓦时电池包的成本显著降低，移动储能方案的投资回报率变得更加清晰。我们判 断2025—2026年是市场临界点。" 坤达移动储能机器人项目于2024年下半年正式启动，其成功的关键在于突破了能源管理与高负载移载两 大技术壁垒。 升级城市能源服务 "市场上主流的100千瓦时储能充电设备往往体积庞大，应用受限。我们通过高度集成化设计，显著缩小 了设备体积。"韩刚说。他向记者展示了产品的核心优势：小巧灵活且电量充足，在空间有限的停车场 等复杂场景中游刃有余。 产品的设计理念针对的是新能源车主的"挪车焦虑"。 ...

长江日报大武汉客户端7月18日讯（驻京记者柯丽芬 通讯员李雯雯）第三届中国国际供应链促进博览会（以下简称"链博会"）7月16日 开幕以来，多个"全球首发""首秀"来自武汉企业。 本届链博会上湖北设立人形机器人产业链专题展区，7家武汉企业携带20个人形机器人集体亮相。这是继今年湖北"新春第一会"上10款 人形机器人首秀后，湖北在该领域交出的又一份亮眼成绩单——仅仅过了5个月，湖北参展的人形机器人数量翻倍。 展台上，光谷东智人形机器人打太极、与观众比赛下棋；武汉格蓝若组成家族战队，高大魁梧的"劳动者3"与小巧灵活的M3配合相当 默契；丁汉院士团队研制的"荆楚1号"不仅演示方向识别，还现场递名片当推销员；光谷华汇的人形机器人摔倒起立相当灵活"有范儿"…… 展览现场人潮涌动，成为"打卡点"。 武汉光谷自研的人形机器人与观众下棋。 链博会上湖北设立人形机器人产业链专题展区成网红打卡点。 还有14家扎根武汉的企业带来69件人形机器人核心零部件产品，现场吸引了众多专业观众前来对接洽谈。 链博会作为全球首个以供应链为主题的国家级展会，是全球共享的国际公共产品。 武汉格蓝若自研的机器人大壮和小壮兄弟俩。 武汉维力传感科技有限公 ...

Core Insights - The interest in cooking robots among restaurant businesses has surged this year, with many chain restaurants actively seeking recommendations for suppliers [1][4] - The Chinese restaurant market is vast, with an estimated 4 to 6 million establishments projected for 2024, yet the average customer spending is declining [2][3] - The introduction of cooking robots is seen as a solution to balance cost control and consistent food quality in the face of rising competition [3][4] Industry Overview - The Chinese restaurant market is expected to grow, with a total market size in the trillions of yuan, despite a decrease in average customer spending from 56.4 yuan in 2020 to 53.5 yuan in 2024 [2] - The trend of decreasing customer spending is evident across various segments, including traditional dining and fast food, with notable price reductions in chains like Xiaocaiyuan and Laoxiangji [2][8] - The competition in the restaurant industry is intensifying, leading to a significant number of closures and openings, with 409,000 closures and 451,000 new openings projected for 2024 [7] Technological Adoption - Many restaurant chains are adopting cooking robots to improve efficiency and reduce labor costs, with companies like Xiaocaiyuan planning to invest 100 million yuan in 2,000 robots [5][10] - Cooking robots are reported to reduce labor needs significantly, with some establishments claiming a 40% reduction in labor costs and faster service times [12][19] - The market for cooking robots is evolving, with various brands offering commercial models that can handle popular Chinese dishes, indicating a growing acceptance of automation in kitchens [16][19] Consumer Behavior - Consumer preferences are shifting towards more affordable dining options, with a willingness to spend between 30 to 60 yuan for a meal, while higher price points are becoming less acceptable [2][3] - The demand for freshly cooked meals is increasing, particularly among younger consumers who may lack cooking skills, presenting an opportunity for automated cooking solutions [20] Future Trends - The integration of cooking robots with digital recipe systems is being explored to enhance operational efficiency and adapt to changing consumer tastes [14][19] - The restaurant industry is facing a talent shortage, particularly among skilled chefs, which may accelerate the adoption of cooking robots as a viable solution [20]

来源：环球时报 据介绍，该机器人通过将机器人技术和人工智能规划相结合来完成这一切。它们配备全景激光雷达 以"看到"周围的世界，这类似于无人驾驶汽车使用的技术。专门设计的底盘机械结构和控制系统类似 于"骨骼和运动神经"，使机器人能在登上地铁车厢或乘电梯时进行细微的自主调整。整个配送过程由基 于人工智能的调度系统负责管理，以实现全域最优路径配送。 开发该机器人的公司称，所有这些都是为了简化和加快地铁系统中的商店物流，这些商店通常依赖于地 面上的人工送货，但停车位有限和拥堵可能会导致延误。 此外，这些搭乘地铁的机器人是《深圳市具身智能机器人技术创新与产业发展行动计划（2025-2027 年）》的一部分，旨在加快机器人技术在多个行业场景中的应用速度。（作者麦克·德格林，王会聪 译） 美国《大众科学》杂志网站7月16日文章，原题：中国的机器人正在乘地铁为便利店配送货物在中国深 圳，地铁通勤者可能很快就会和一队矮墩墩的零食配送机器人擦肩而过。本周早些时候，三四十台自主 四轮送货机器人在地铁站里上上下下，最终将包裹运送到多家便利店。尽管这次演示活动只是初步测 试，且是在非交通高峰时段进行，但这些自行搭乘地铁的机器人的背后企 ...

Core Insights - A new type of robot system developed by a research team at Columbia University can achieve physical "growth," self-healing, and self-improvement by absorbing materials from the surrounding environment or other robot components [1] Group 1 - Current robots typically have a closed structure and lack the ability to grow, self-repair, or adapt to their environment [1] - The innovation, referred to as "robotic metabolism," represents a significant step towards creating self-sustaining robotic ecosystems [1] - This development opens up new directions for the future of autonomous machines [1]