Group 1: Market Overview - On February 20, the Hong Kong stock market opened lower, with the Hang Seng Index down by 1.01%, the Hang Seng Tech Index down by 2.17%, and the Hang Seng China Enterprises Index down by 1.1% [1] Group 2: AI and Robotics Sector - AI application stocks performed strongly against the market trend, with Zhihui rising over 21%, Haizhi Technology Group up by 23%, and MINIMAX-WP increasing by 10% [2] - Zhihui announced a "Computing Power Partner" recruitment plan, aiming to collaborate with chip manufacturers and service providers to optimize their GLM-5 model [2] - The robotics sector saw significant gains, with companies like Yujian rising over 20%, Sutech increasing by nearly 12%, and UBTECH up by 10% [3] - The popularity of robotics was boosted by performances during the Spring Festival Gala, attracting audience attention and driving sales on platforms [3] Group 3: Oil Sector - Oil stocks surged, with China National Offshore Oil Corporation rising by 2.23%, reaching a historical high of HKD 25.70, and a total market capitalization of HKD 12,215.20 million [4] Group 4: Technology Sector - The majority of technology stocks in Hong Kong experienced declines, with Kingdee International down over 5%, Baidu down over 5%, Alibaba and Bilibili down over 4%, NetEase down over 3%, and Tencent down over 2% [5] Group 5: Precious Metals - Precious metals like gold and silver saw slight adjustments, with spot gold down by 0.11% and spot silver down by 0.29% [6] - Goldman Sachs indicated that central bank purchases and increased exposure to gold by private investors due to potential Fed rate cuts could lead to gold prices gradually rising to USD 5,400 per ounce by the end of 2026 [6]

Market Overview - On February 20, the Hong Kong stock market opened lower on the first trading day of the Year of the Rabbit, with the Hang Seng Index down by 1.01%, the Hang Seng Tech Index down by 2.17%, and the Hang Seng China Enterprises Index down by 1.1% [1][2]. Sector Performance - AI and robotics sectors showed strong performance, with AI application stocks like Zhizhu rising over 21%, Haizhi Technology Group up 23%, and MINIMAX-WP increasing by 10% [3]. - The semiconductor sector also saw gains, with Lanke Technology rising by 3.22% to a new high of 217.80 HKD, and Tianshu Zhixin increasing by 4.68% to 281.60 HKD, marking a historical high [3]. - The robotics sector experienced significant growth, with companies like Yujian rising over 20% and Sutech increasing nearly 12% [3]. Oil Sector - The oil sector saw a notable surge, with China National Offshore Oil Corporation (CNOOC) rising by 2.23% to 25.70 HKD, achieving a historical high with a total market capitalization of 1,221.52 billion HKD [4]. Technology Sector - The technology sector faced declines, with companies such as Kingdee International down over 5%, Baidu Group down nearly 5%, and Bilibili down nearly 4% [4][5]. Precious Metals - Precious metals experienced adjustments, with spot gold down by 0.11% and spot silver down by 0.29%. Goldman Sachs projected that overall central bank gold purchases and increased exposure from private investors due to potential Fed rate cuts will gradually raise gold prices to 5,400 USD per ounce by the end of 2026 [5][6].

据上市公司公告的投资者关系活动记录表显示，春节前一个月内，除多利科技、奥比中光外，绿的谐 波、步科股份、汇川技术、三花智控、双环传动等机器人产业链企业也频繁出现在公募调研名单中，易 方达、广发、富国、汇添富等头部机构均积极参与。这一现象反映出机构对机器人产业长期发展潜力的 强烈关注。 机构人士表示，近期机器人板块的活跃并非单纯受春晚情绪面驱动。春晚播出后，售价数十万元的高端 机器人销量激增，表明市场需求正从概念走向落地。随着真实订单的涌现，板块估值将获得更强支撑， 产业链企业也有望加速业绩兑现。他进一步指出，机器人作为人工智能与制造业深度融合的载体，其技 术迭代与商业化进程将持续吸引资本关注。 分析人士认为，公募基金春节前密集调研机器人产业链，既是对短期市场热点的响应，更是对长期产业 趋势的押注。随着人口结构变化与制造业转型升级，机器人市场空间广阔，核心零部件、视觉感知、运 动控制等细分领域的技术突破将催生结构性机会。机构通过调研提前布局，旨在捕捉从主题炒作到价值 成长的投资窗口。（水手） 【环球网财经综合报道】春节前夕，公募基金备战节后行情的调研步伐并未停歇。值得注意的是，今年 多家公募机构将目光聚焦于机器 ...

速腾聚创表示，业绩增长主要得益于公司在机器人业务领域的相关布局与技术产品优势。公开数据显 示，2025年速腾聚创在机器人领域的激光雷达销量突破30.3万台，同比激增超11倍；第四季度激光雷达 总销量达45.96万台，其中机器人领域达22.12万台，与ADAS业务基本持平，意味着公司业务结构正发 生深刻变化。 智通财经APP获悉，速腾聚创(02498)早盘涨超11%，截至发稿，涨11.16%，报38.24港元，成交额5902.6 万港元。 消息面上，速腾聚创发布盈利预告，2025年全年净亏损同比大幅收窄，其中第四季度盈利不少于人民币 6000万元，首次实现单季度盈利，超出管理层此前做出的盈亏平衡预期。 ...

Group 1 - The core viewpoint of the articles highlights a significant surge in robot-related stocks, driven by the popularity of robot performances during the Spring Festival Gala, leading to increased sales and interest in the sector [1][2] - Notable stock performances include Yujiang (02432) up 6.52% to 42.5 HKD, Hesai-W (02525) up 6.05% to 214 HKD, and SUTENG (02498) up 5.76% to 36.38 HKD, among others [1] - JD reported a substantial increase in robot-related metrics during the Spring Festival Gala, with search volume up over 300%, customer inquiries up 460%, and order volume up 150% within two hours of the event [1] Group 2 - Dongwu Securities emphasizes that the advancements in core robotic capabilities are crucial for the industry's transition from experimental phases to mass production, marking a significant development from 2021 to 2025 [2] - The report anticipates that by 2026, major companies like Tesla and leading domestic firms will commence large-scale production, representing a new phase in the industry [2] - Investment focus is expected to narrow down to companies with genuine mass production capabilities and integration into the supply chain [2]

消息面上，2026年马年央视春晚，是"机器人含量"最高的一届。宇树科技等多家机器人公司纷纷亮相。 值得一提的是，宇树两款人形机器人全部搭载了禾赛JT128激光雷达，几十台宇树G1机器人与一台H2机 器人一同在台上秀出"赛博真功夫"。据悉，作为当前搭载具身智能机器人最畅销的迷你型 360°激光雷 达，禾赛 JT 系列激光雷达累计交付量已突破20万颗，成功应用于多款具身智能机器人产品。 智通财经APP获悉，禾赛-W(02525)高开逾5%，截至发稿，涨5.05%，报212港元，成交额1077.81万港 元。 ...

Group 1 - The core viewpoint of the article highlights that Shoucheng Holdings (0697.HK) has emerged as the biggest "behind-the-scenes winner" in the robotics sector showcased during the 2026 Spring Festival Gala, with several of its portfolio companies participating [1] - Shoucheng Holdings has invested over 2 billion RMB in the robotics industry, completing more than 40 transactions and covering approximately 20 leading companies, including Yushu Technology and Galaxy General [1] - The company has extended its investment strategy to upstream core materials by establishing Shoucheng Robotics Advanced Materials Company, focusing on critical areas such as electronic skin and PEEK lightweight materials [1] Group 2 - Shoucheng Holdings is not merely a financial investor but has developed a unique strategy of "capital + scenarios + ecosystem," providing real testing environments for its portfolio companies through its own resources [2] - The company has opened "Tao Zhu New Creation Bureau" robotics experience stores, facilitating the connection from technology demonstration to the consumer end, thus enhancing its position in the commercialization wave of robotics [2] - With companies like Yushu Technology expected to initiate IPOs in 2026, the investment value of Shoucheng Holdings is anticipated to reach a concentrated realization period [2]

（来源：沈阳日报） 转自：沈阳日报 □孙连宇 今年央视春晚，机器人是绝对主角。宇树科技的机器人在舞台上翻跟头、展拳脚，上百只"机器熊猫"同 步起舞，不仅霸屏社交网络，更引爆了消费市场——春晚开播两小时内，某平台机器人搜索量暴涨 300%，订单量增长150%，覆盖全国100多座城市。 令人振奋的是，沈阳已经开始加速突围。沈阳市"十五五"规划和2026年政府工作报告明确提出，前瞻布 局具身智能、未来材料等未来产业，推动东北亚具身智能创新中心投入使用，全面实施"人工智能+"行 动。这一布局清晰地勾勒出沈阳新的突围路径：巩固工业机器人优势，补齐服务机器人短板，抢占具身 智能高地。 春晚机器人的"出圈"给沈阳上了一课：在具身智能时代，技术突破固然重要，但场景牵引、生态赋能同 样不可或缺。 未来，沈阳需要从"产业摇篮"进化为"产业雨林"。 首先，要"顶天立地"更要"铺天盖地"。沈阳拥有"新松"这样的链主企业，承担国家重大专项，这是优 势。但深圳的经验表明，5万余家机器人企业构成的"铺天盖地"的中小企业生态圈，才是创新的活力源 泉。沈阳需要依托东北亚具身智能创新中心等平台，降低中小企业创新门槛，培育更多敢于进军服务机 器人 ...

（来源：千龙网） 央视春晚舞台上，人形机器人"演出军团"正不断扩容。今年，共有来自4家企业的人形机器人"演员"登 上舞台，从语言交互、动作展现、干活能力等多维度展现创新风采。这其中，"会干活"的机器人和"长 得像"的仿生机器人分别来自银河通用、松延动力两家北京创新企业。以它们为代表，北京人形机器人 产业正跑在全国前列。 此次登上春晚舞台的人形机器人企业共有4家，除了两家北京企业，还包括宇树科技和魔法原子。4家企 业呈现的节目亮点各有不同，在北京市经济和信息化局相关负责人看来，两家京企均代表了北京在人形 机器人某些细分领域的领先实力。其中，银河通用在春晚节目中展现的货架存取、盘核桃、叠衣物等精 细操作，源于该公司构建的百亿级具身智能数据集和端到端大模型"银河星脑AstraBrain"，让机器人真 正实现"自主干活"，在实际场景中表现出优异的泛化能力、自主决策力和抗干扰性能。另一家企业松延 动力的人形机器人具备很强的运动控制能力，仿生人脸更是达到国内拟人程度最高、表情最丰富的水 平。 2025年，人形机器人迎来又一轮发展热潮，北京人形机器人产业目前在全国，乃至全球处于什么位置？ 市经信局介绍，本市在通用本体、具身 ...

2026年的春晚舞台，堪称中国机器人产业的一次"全景式展示"。一众机器人企业携前沿产品登台，从多 种场景维度演绎了硬核科技与传统年味的深度交融。 如果说过去一年行业更多比拼的是机器人的运动控制能力，看谁能走得稳、谁能跳得齐，今年业界更关 心的则是"机器人到底能干什么活"。纵观2026马年春晚机器人"团体秀"，既有央视春晚舞台上高观赏性 的编队舞蹈、特技动作表演，也有北京卫视春晚上聚焦家庭、生活等真实场景的实操演绎，将硬核科技 与烟火日常深度联结，展现了让机器人如何走向"日常能用好用"。 作为面向具身智能时代的系统级基础设施平台公司，睿尔曼与多家登上春晚的机器人公司在技术协同与 产品共创上进行深度合作的同时，还化身"新春大厨"深度参与北京卫视春晚，将科技感与"年味"完美结 合，用"包饺子和馅"等生活化的实操动作，让观众看到了机器人走进家庭，承担日常劳作的现实潜力。 动手实操能力成机器人节目新看点 央视春晚主会场，松延动力双足人形机器人在小品《奶奶的最爱》中接连完成侧手翻、空翻等动作，平 稳落地；宇树机器人与少年武者同台演武，在武术节目《武BOT》中，完成六合拳对练、棍术配合、双 截棍展示等多个高难度环节；魔法原 ...