人民财讯11月20日电，蓝思科技（300433）近日接受机构调研时表示，目前公司已切入北美及国内多家 头部机器人企业的供应链，关节模组、灵巧手、结构件已批量交付，人形机器人、四足机器人整机组装 规模位居行业前列。预计今年人形机器人出货3000台以上，四足机器狗10000台，初步成为最大的具身 智能硬件制造平台之一。2026年，预计实现人形机器人核心部件和整机组装规模翻番，2027年人形机器 人与四足机器狗出货量稳居全球前列。 ...

Group 1: Company Overview and Capabilities - The company has established a vertical integration platform for embodied intelligence, covering core components to complete machine assembly, including innovative materials and precision manufacturing [2][3] - The newly opened smart robot park in Changsha covers an area of 400 acres, with a production capacity of 189,100 large automation equipment and 500,000 embodied intelligent robots annually [3] - The company aims to become the largest embodied intelligent robot manufacturing platform globally, with a strong focus on the North American and Southeast Asian markets [3][4] Group 2: Market Position and Product Development - The company has entered the supply chains of several leading robot enterprises in North America and China, with a projected shipment of over 3,000 humanoid robots and 10,000 quadruped robots this year [3][4] - By 2026, the company expects to double the scale of humanoid robot core components and complete machine assembly, maintaining a leading position in global shipments [3][4] - The company is focusing on breakthroughs in lightweight technology for humanoid robot joint modules and aims to establish a comprehensive capability from software development to complete machine assembly [4] Group 3: Strategic Directions and R&D Investment - The company plans to increase R&D investment to become a leader in the manufacturing of edge AI hardware, focusing on consumer electronics, automotive electronics, and embodied intelligence [4][5] - The company has already achieved mass production of AI server chassis components and aims to scale production of solid-state drives by 2026 [4][5] - The company is positioned to leverage the upcoming trillion-level explosion in edge AI hardware, enhancing its competitive advantages through technological innovation and manufacturing capabilities [4][5] Group 4: Global Expansion and Supply Chain Management - The company has established a robust global supply chain system, expanding its operations in Vietnam, Thailand, and Mexico to meet diverse customer needs [5][6] - The company maintains close communication with clients to adapt its global business layout, ensuring delivery capabilities for future AI edge hardware [5][6] - The company’s strategic focus on vertical integration and advanced production processes has strengthened its market position and customer relationships [5][6] Group 5: Financial Performance and Profitability - The company is enhancing its gross margin through internal management improvements and external innovations, with a focus on high-margin AI edge devices [6] - The automotive glass business is expected to become a significant growth driver, with production capacity matching the demand for over one million vehicles [6] - The company has secured long-term agreements with major clients to stabilize pricing and ensure cost control despite rising material costs [6]

11月20日，广汽菲克管理人发布破产清算相关公告，其中提及公司名下位于湖南省长沙经济技术开发区 映霞路18号的土地及建(构)筑物资产包已依法拍卖成交。为办理资产过户所涉土地增值税清算事宜，管 理人将选聘一家具备资质的评估机构提供土地增值税重置成本评估服务。此前拍卖消息显示，广汽菲克 长沙工厂的土地、建（构）筑物资产包被蓝思科技（长沙）有限公司以6.02亿元的底价拍下。 ...

Core Viewpoint - The chairman of the company believes that the hardware revolution driven by AI is at a critical point, predicting that 2026 will be the true "AI edge year" [4][5][6] Group 1: Company Developments - The company has launched its smart robot manufacturing park in Yong'an, Hunan, which covers 400 acres and has a factory area of approximately 189,000 square meters, capable of producing 10,000 sets of large automation equipment and 500,000 units of embodied intelligent robots annually [6][7] - The company has integrated its smart robot division with its software platform to adapt to the trends of the AI era, focusing on both hardware and software solutions [7][8] - The company has established a vertical integration platform in the robotics field since 2016, covering key components such as liquid metal materials, six-dimensional force sensors, and robotic hands, positioning itself as one of the largest manufacturers of embodied intelligent hardware globally [7][9] Group 2: Market Opportunities - Research predicts that by 2028, the penetration rate of edge devices supporting generative AI will exceed 75%, with a market size surpassing $800 billion, indicating significant growth opportunities in consumer electronics and automotive electronics [9][10] - The company is transitioning from selling components to providing complete machine assembly services, enhancing its value chain in the consumer electronics sector [9][11] - In the automotive electronics sector, the company is collaborating with over 30 domestic and international automotive brands to supply advanced glass products that integrate smart features, significantly increasing the value per vehicle [11][12] Group 3: Future Plans - The company has set a "three-year attack plan" to increase R&D investment, focusing on edge hardware, multi-modal integration technology, and new material processes, aiming to become a global leader in AI edge hardware manufacturing [12] - In the robotics sector, the company plans to enhance the lightweight technology of humanoid robot joint modules and aims to significantly increase the scale of core components and assembly by 2026 [12]

Group 1 - Blueway Technology has officially launched its intelligent robot production facility, capable of producing 500,000 units annually, indicating a strategic shift towards automation and robotics [1] - The opening of Hunan's first robot 4S store in Changsha signifies a growing market for customized robotic solutions, offering a one-stop service for display, sales, customization, training, and maintenance [1] - The actions of these companies reflect their ability to identify and capitalize on emerging trends, similar to successful entrepreneurs in various industries [1] Group 2 - Kevin Kelly's insights in "The World After 5000 Days" suggest that all industries will be reshaped by technology, highlighting the importance of adapting to change and preparing for the future [2] - The recently released "14th Five-Year Plan" outlines China's economic development roadmap, emphasizing high-quality growth, strategic initiatives, and safety, with "high quality" mentioned 25 times and "strategy" 47 times [2] - The introduction of the term "river basin economy" in the plan indicates a new focus area for future development [2] Group 3 - The upcoming 2025 World Computing Conference in Changsha is expected to discuss and identify future trends, emphasizing the need for companies to adapt and innovate in response to these trends [3] - Companies must seize opportunities presented by clear trends to create competitive advantages and solidify their development positions [3] - The principles of adapting to trends apply not only to companies but also to individuals, cities, and nations, highlighting the universal nature of strategic adaptation [3]

Core Insights - The launch of the Lansi Intelligent Robot production facility in Liuyang is a strategic move for Lansi Technology to enhance its manufacturing capabilities in the "consumer electronics + smart automotive + emerging intelligent terminals" sectors, marking a significant step in its dual focus on capital and industry after its successful Hong Kong listing in July [1][4] Group 1: Production Capacity and Infrastructure - The Lansi Intelligent Robot facility covers 400 acres with a factory area of approximately 189,000 square meters, capable of producing 10,000 sets of large automation equipment and 500,000 units of embodied intelligent robots annually, establishing a complete ecosystem from new material research to core component manufacturing and final assembly [2] - The facility will form a global manufacturing layout centered in Changsha, with support from Southeast Asia (Thailand, Vietnam), focusing on serving international markets, particularly North America [2] Group 2: Technological Development and Product Offerings - Since its establishment in 2016, Lansi has focused on key technologies in industrial robotics, including mechanical structure design, motion control algorithms, and machine vision systems, successfully delivering over 2,000 smart manufacturing projects across various industries [2][3] - Lansi has built a vertically integrated platform for humanoid robots, covering core component development to final assembly, and has entered the supply chains of leading robot companies in North America and domestically, with assembly scale ranking among the industry leaders [3] Group 3: Strategic Transformation and Future Goals - Lansi's strategic shift aligns with its vision of AI hardware development, as the company aims to leverage its 30 years of experience in consumer electronics to transition into the AI hardware sector, focusing on comprehensive hardware solutions across various applications [4][5] - The company has announced a "three-year attack plan" to increase R&D investment, focusing on end-side hardware, multi-modal integration technology, and new material processes, with the goal of becoming a global leader in AI end-side hardware manufacturing [4][5]

Core Insights - The official launch of the Blue Sky Intelligent Robot production facility in Liuyang Economic Development Zone marks a significant step in the company's global manufacturing strategy, focusing on "consumer electronics + smart vehicles + emerging smart terminals" [1][3] - This facility is part of Blue Sky Technology's dual strategy of capital and industry development, enhancing its valuation logic through emerging businesses like robotics [1][3] Production Capacity and Infrastructure - The new facility spans 400 acres with a building area of approximately 189,000 square meters, capable of producing 1,000 large automation devices and 500,000 embodied intelligent robots annually, covering the entire production chain from material research to assembly [3][5] - Blue Sky Technology aims to establish a global manufacturing layout centered in Changsha, with support from Southeast Asia (Thailand, Vietnam), focusing on serving international markets like North America [3][5] Technological Advancements - Since its establishment in 2016, Blue Sky has focused on key technologies in industrial robotics, including mechanical design, motion control algorithms, and machine vision systems, delivering over 2,000 smart manufacturing projects across various industries [5][7] - The company has developed a vertically integrated platform for humanoid robots, covering everything from core components to assembly, and has made significant inroads into the supply chains of leading robotics firms in North America and domestically [7][9] Future Projections - Blue Sky Technology expects to significantly increase the scale of humanoid robot core components and assembly in the coming year, aiming to maintain a leading position in global shipments of humanoid robots and quadruped robotic dogs by 2027 [8][9] - The company is expanding its capabilities in AI infrastructure, starting from AI server chassis to critical modules like liquid cooling and solid-state drives, with mass production of solid-state drives anticipated by 2026 [8][9] Strategic Vision - The company's strategic shift from a consumer electronics leader to a comprehensive AI edge hardware service platform aligns with the trend of AI moving from cloud to edge devices, which is expected to reshape value chains in various sectors [9][11] - Blue Sky Technology plans to invest heavily in R&D over the next three years, focusing on edge hardware, multi-modal integration technologies, and new materials, with the goal of becoming a global leader in AI edge hardware manufacturing [11][13]

Core Insights - Apple has been operating in China for over 30 years, emphasizing deep collaboration with local supply chain partners, particularly in Jiangsu province, which plays a crucial role in Apple's global supply chain [3][5][7] - Over 80% of Apple's core suppliers have manufacturing facilities in China, with half of them located in Jiangsu, showcasing the region's industrial maturity and innovation [3][5][7] - Apple has significantly reduced its global carbon footprint by over 60% in the past decade and aims for 100% carbon neutrality across its supply chain and product lifecycle by 2030 [7][8] Supply Chain and Manufacturing - Apple's core supplier, Luxshare Precision, has expanded its operations in Jiangsu since partnering with Apple in 2011, covering key metal components and electronic modules [6] - AAC Technologies, another key supplier, has been collaborating with Apple since 2008, expanding its product range to include components for the latest iPhone models [7] - More than 90% of Apple's production in China utilizes renewable energy, with suppliers like Luxshare achieving 100% clean energy usage for Apple products [8] Talent Development and Training - Apple is committed to investing in talent development, providing world-class training opportunities for supply chain employees, including skills in robotics and leadership [8][9] - The company has established a $50 million Supplier Employee Development Fund, with 300,000 supply chain employees participating in various training programs this year [8][9] - Apple aims to continue supporting the growth of skilled professionals within its supply chain, contributing to the industry's overall talent pool [9]

Core Insights - The official launch of the new production base for Lens Technology's smart robotics in Liuyang marks a significant step in the company's strategy to integrate "consumer electronics + smart vehicles + emerging smart terminals" [1] - The new facility aims to establish a leading global base for intelligent equipment and embodied intelligence servers, aligning with the trend of AI moving from cloud to edge devices [1] Production Capabilities - The new base covers 400 acres with a factory area of 189,000 square meters, capable of producing 10,000 sets of large automation equipment and 500,000 units of embodied intelligent robots annually, ensuring a complete ecosystem from material research to assembly [2] - The production network will center around Changsha, with support from Southeast Asia (Thailand, Vietnam), focusing on serving international markets, particularly North America [2] - The company has developed a business matrix around "intelligent equipment," "embodied intelligence," and "AI servers," providing comprehensive solutions across AI hardware scenarios [2] Technological Integration - In the field of embodied intelligence, the company has established a vertically integrated platform covering core components to complete assembly, including innovative materials and key modules [3] - The company aims to double the scale of humanoid robot core components and assembly by 2026, with plans to maintain a leading position in global shipments of humanoid robots and quadruped robotic dogs by 2027 [3] Competitive Advantage - Lens Technology is leveraging its 30 years of experience in precision materials and vertical integration in consumer electronics to build a comprehensive hardware solution capability across various scenarios [4] - The company emphasizes systemic breakthroughs in "materials + processes + equipment," achieving full coverage of core technologies in AI edge hardware [4] - A three-year plan has been announced to increase R&D investment, focusing on edge hardware, multi-modal integration technology, and new materials, aiming to become a global leader in AI edge hardware manufacturing [4] Market Outlook - Experts believe that Lens Technology's experience in vertical integration and technology innovation in the consumer electronics sector positions it well to reshape its valuation through the emerging robotics industry [5]

11月18日，蓝思科技盘中下跌2.02%，截至14:12，报26.68元/股，成交10.98亿元，换手率0.82%，总市 值1409.86亿元。 资金流向方面，主力资金净流出1.67亿元，特大单买入5740.05万元，占比5.23%，卖出1.14亿元，占比 10.40%；大单买入2.33亿元，占比21.24%，卖出3.43亿元，占比31.24%。 蓝思科技所属申万行业为：电子-消费电子-消费电子零部件及组装。所属概念板块包括：全面屏、快充 概念、汽车零部件、折叠屏、虚拟现实等。 截至9月30日，蓝思科技股东户数15.99万，较上期增加8.17%；人均流通股31070股，较上期减少 7.52%。2025年1月-9月，蓝思科技实现营业收入536.63亿元，同比增长16.08%；归母净利润28.43亿元， 同比增长19.91%。 分红方面，蓝思科技A股上市后累计派现99.93亿元。近三年，累计派现49.80亿元。 机构持仓方面，截止2025年9月30日，蓝思科技十大流通股东中，香港中央结算有限公司位居第五大流 通股东，持股1.29亿股，相比上期增加1559.22万股。易方达创业板ETF（159915）位居第六大流通 ...