Core Insights - Shenzhen has over 74,000 companies related to the robotics industry, creating a vibrant ecosystem that integrates new information technology with advanced manufacturing [1] - The city is transforming from an electronics manufacturing hub to a global center for robotics innovation, supported by a comprehensive industrial system that spans from core components to application scenarios [2][3] Industry Overview - Shenzhen's robotics industry includes leading companies such as UBTECH, Yujian Technology, and others, with a full supply chain covering upstream components, midstream manufacturing, and downstream applications [2] - The industry has shown strong growth, with a reported increase in value added to the robotics sector reaching 5.559 billion yuan, a year-on-year growth of 31.4% in the first three quarters of 2025 [3] Government Initiatives - The establishment of the first AI (robotics) bureau in Longgang District aims to break down departmental barriers and streamline support for the robotics industry [4] - Shenzhen has implemented a policy framework that includes financial support for AI model training and data procurement, addressing high R&D costs and encouraging innovation [4] Ecosystem Development - The "Robot Valley" in Nanshan District is emerging as a key area for robotics innovation, supported by a strong network of universities and research institutions [2][5] - The integration of various sectors, including automotive and robotics, is being promoted to enhance innovation and application in the industry [5][6] Future Goals - Shenzhen aims to achieve an industry scale of over 100 billion yuan by 2027, focusing on key technology areas such as high-energy-density micro motors and multi-modal sensors [6] - The city is positioned as a model for industrial transformation and innovation, providing insights for broader industry development [6]

在广州海心沙全空间智能体验中心，前来参加APEC"中国年"首场正式活动的百余位政府官员，被现场 演示自主售卖爆米花的人形机器人所吸引，他们一边驻足参观，一边交流问询，深度了解中国科技创新 的最新成果。 整个过程，Atom需要在十几秒内，连贯完成识别顾客、取杯、装填、识别满杯状态、平稳放置递送等 一系列动作，并能应对现场各种干扰。 在行业普遍追逐高大全的落地场景之下，走进电影院卖爆米花，隐藏着越疆怎样的技术逻辑与商业考 量？ 谢凯旋谈到， 攻克专用场景的思路，其实更有助于机器人在可控范围内完成技术闭环验证，全面检验 机器人从感知、推理到执行的智能系统实战能力，为规模化落地探路。 上述机器人来自深圳越疆科技，正是年初火爆全网的越疆全自主人形机器人Atom。彼时，Atom进驻深 圳电影院，在无人辅助情况下，每日连续工作14个小时，实现日销爆米花1000杯、单日营收突破2万元 的业绩。 这是全球首例在复杂商业环境中，全自主运营的技术突破与应用落地，展现了该款机器人自身成熟的技 术实力与商业化落地方面的初步成果。 接下来则是量产。在参与APEC"中国年"活动展演前夕，越疆正式启动第三批全尺寸工业人形机器人 Atom的量 ...

大族数控在港股敲钟上市，跻身"A+H"行列。（资料图片） 深圳商报首席记者 谢惠茜 2月6日上午，随着卓正医疗、大族数控在港股敲钟上市，宣告深圳迎来了里程碑时刻：全市上市公司总量突 破600家大关，其中，境内上市公司426家，境外上市公司174家。截至2026年1月末，深圳上市公司总市值超 19万亿元，稳居全国大中城市第二位。 这不仅是一个数字的跨越，更是一座城市实体经济活力、创新动能与金融生态深度融合的生动映照。从新中 国第一张股票在宝安破土而出，到今天600个火炬熠熠生辉，深圳企业的上市史，几乎就是半部中国现代企业 制度的演进史。 拓荒奠基 从"第一股"到全球销冠 回望来路，那些"拓荒者"的名字镌刻于中国资本市场的史册。 1983年，宝安县联合投资公司向社会公开发行"原始股"，催生了改革开放后深圳第一家股份制企业——深宝 安，也诞生了新中国第一张股票。1991年6月25日，深宝安登陆深交所，成为中国资本市场第一批上市企业； 1991年发行的"南玻B"，则成为中国内地第一支B股。 更早的1987年，招商银行作为全国第一家由企业法人持股的商业银行在深圳成立，中国平安也在蛇口呱呱坠 地，日后成长为世界级的综合金 ...

Group 1 - Shenzhen has reached a milestone with over 600 listed companies, including 426 domestic and 174 overseas, with a total market capitalization exceeding 19 trillion yuan as of January 2026 [1] - The history of Shenzhen's listed companies reflects the evolution of China's modern corporate system, starting from the first stock issued in Bao'an in 1983 [2] - The establishment of the SME Board in 2004 and the Growth Enterprise Market in 2009 opened capital channels for private technology enterprises, with Shenzhen companies occupying significant positions [3] Group 2 - Recent years have seen a new wave of companies redefining "Shenzhen speed," with notable listings such as Yuntian Lifei and Youbixuan, showcasing rapid growth and innovation [4] - New companies listed on the Science and Technology Innovation Board and the Growth Enterprise Market indicate Shenzhen's proactive embrace of capital market reforms and alignment with cutting-edge technology [5] - In the first three quarters of 2025, Shenzhen-listed companies achieved a total revenue of 5.20 trillion yuan and a net profit of 457.8 billion yuan, reflecting strong growth in the manufacturing sector [7] Group 3 - The Hong Kong market has seen significant activity, with 27 new companies raising a total of 29.57 billion HKD, and over 70% of these companies experiencing stock price increases on their first trading day [7] - The strong performance of companies like BYD, which raised over 43.5 billion HKD in a single refinancing, highlights the robust capital market environment in Shenzhen [7] - Shenzhen's high-tech exports, including drones and 3D printers, grew by 10.1% in 2025, supported by a solid foundation of national high-tech enterprises [7] Group 4 - The journey from the first stock in 1983 to 600 listed companies today illustrates Shenzhen's transformation from a pilot city to a benchmark for capital markets in China [8] - Each listed company represents a milestone for Shenzhen, indicating that reaching 600 is not an endpoint but a new starting point for further growth [8]

Investment Highlights - The SW auto parts index increased by 0.34% this week, ranking 4th among SW automotive sectors, with a year-to-date increase of 3.20% [3][14] - The latest PE (TTM) for SW auto parts is at the 83.10% historical percentile, while the PB (LF) is at the 77.55% historical percentile [3][35] - The Wande robot index decreased by 0.21% this week, with a year-to-date increase of 0.27%, underperforming the SW auto parts sector by 0.55% [4][14] - The latest PE (TTM) for the Wande robot index is at the 67.47% historical percentile, and the PB (LF) is at the 77.11% historical percentile [4][44] Key Stock Movements - The top five gainers this week are: - Yinchuan Co., Ltd. +17.13% - Xingyu Co., Ltd. +8.65% - Daimai Co., Ltd. +6.67% - Yap Co., Ltd. +3.71% - Ruima Precision +2.74% [6][51] Major Events - On February 4, Elon Musk publicly praised Optimus again - On February 8, Zhiyuan will host the world's first large-scale robot gala [7][45] Core Coverage Changes - Xinquan announced a $100 million investment in Bayern Xinquan and the establishment of subsidiaries in Malaysia and Kaifeng - Precision Forging Technology established a subsidiary in Germany [8][54] Investment Recommendations - For auto parts, focus on structural opportunities by selecting product-oriented companies and those entering high-value sectors to increase ASP, with a priority on potential leading companies in Europe, North America, and Southeast Asia [9][56] - For robots, seek certainty in opportunities, with Musk stating that Optimus V3 is expected to be released in Q1 2026, and monitor the order timeline and application deployment by domestic companies like Xiaopeng, Yushu, and Zhiyuan [9][56]

此外，沪深交易所还同步就主板上市公司"轻资产、高研发投入"认定标准公开征求意见，拟允许符合条件的上市公司将募集资金补流超过30% 的部分，用于与主营业务相关的研发投入。 来源：21世纪经济报道 21世纪经济报道记者 杨坪 深圳报道 A股市场再融资政策再获"松绑"。 2月9日晚，沪深北交易所宣布优化再融资一揽子措施（以下简称《再融资措施》）。为更好适应科创企业再融资需求，沪深北交易所优化再融 资间隔期要求，按照未盈利标准上市且尚未盈利的科技型上市公司再融资，前次募集资金基本使用完毕或未改变募集资金投向的，融资间隔期 调整为不少于6个月。 同时，对存在破发情形、但运作规范的上市公司实施差异化安排，在目前仅能够锁价定增的基础上，交易所允许其通过竞价定增、发行可转债 等方式募集资金用于主营业务。 在此时优化相关科创企业的再融资规则，恰逢其时。 沪深交易所明确，对于按照未盈利标准上市且尚未盈利的创业板公司，如前次募集资金基本使用完毕或者未改变募集资金投向，将其启动新一 轮再融资的间隔期从十八个月缩减为六个月，为这类公司长期持续发展提供有力支持。因其他原因连续亏损的企业，融资间隔期仍不得低于十 八个月。 此外，实践中，部 ...

Core Viewpoint - The article highlights that Yuejiang has successfully initiated the mass production and delivery of its full-size industrial humanoid robot, ATOM, marking a significant milestone in the commercialization of humanoid robots and showcasing its unique position in the industry [2][4]. Group 1: Production and Delivery - Yuejiang has commenced the third batch of full-size industrial humanoid robots ATOM for mass production and delivery in 2026, indicating a new phase of large-scale application in various industries [2][4]. - The robots demonstrated synchronized movements and advanced capabilities, such as dynamic balance and precision assembly, during the delivery event, emphasizing their readiness for real-world applications [4][5]. Group 2: Technological Advantages - Yuejiang's humanoid robots possess three core advantages derived from real production environments: industrial-grade reliability, deep scene understanding, and the ability to collaborate with various robotic forms under a unified intelligent hub [5][7]. - The production process of the ATOM robots involves comprehensive supply chain integration, quality control, and engineering capabilities, ensuring each robot undergoes rigorous standardized testing for performance consistency and reliability [7][9]. Group 3: AI and Practical Applications - The ATOM robots are equipped with Yuejiang's self-developed DOBOT-VLA model, which integrates visual perception, natural language understanding, and action generation, enabling them to convert abstract commands into structured task chains [9][10]. - The practical value of humanoid robots is highlighted through examples like the popcorn robot in Shenzhen K11 cinema, which can understand its environment and make autonomous decisions, showcasing the shift from traditional mechanical functions to intelligent agents [10][12]. Group 4: Industry Context and Future Outlook - The Chinese "14th Five-Year Plan" has identified embodied intelligence as one of the six future industries, with humanoid robots as a core component, indicating a critical window for technological breakthroughs and industrial growth [12]. - Yuejiang, as one of the few companies emerging from the manufacturing sector, is committed to integrating technology into real-world scenarios, driving the adoption of humanoid robots in various operational environments [12].

在位于广州的广汽埃安智能生态工厂，一条条黄黑相交的地标线向前延伸，几辆通体洁白的埃安车身依 次排列，引擎盖与后备箱盖展翅欲飞。机械臂与工人就在这条"钢铁长龙"旁互不干扰地进行装配作业， 金属与零件的碰撞声、传送带的低鸣声共同交织成一曲充满力量的乐章。 在这里，平均每53秒就有一辆新能源汽车下线。这以秒为单位的"湾区速度"，正是粤港澳大湾区以科技 创新重塑制造业底色的缩影。作为中国经济高质量发展的重要动力源，粤港澳大湾区已培育了包括新能 源在内的多个万亿级产业集群。大湾区正以破浪之势勇立科创潮头，以高技术制造与国际市场的深度耦 合，闯关升级，攀登国际科创高地。 超级集群铸就"世界工厂" 粤港澳大湾区被誉为"世界工厂"，这里拥有新一代电子信息、绿色石化、智能家电、新能源等9个万亿 级产业集群。尤其是广东，已成为中国制造业版图上一颗亮眼之星。据广东省工信厅数据，2025年全省 规模以上工业企业达7.6万家，数量位居全国第一。规上工业企业营业收入合计超19万亿元，位居全国 第一。 除了9大万亿级产业集群之外，粤港澳大湾区的人工智能、机器人、生物医药、集成电路、超高清视频 等产业也稳居全国第一方阵。大湾区新兴产业何以一 ...

在位于广州的广汽埃安智能生态工厂，一条条黄黑相交的地标线向前延伸，几辆通体洁白的埃安车身依次排列，引擎盖与后备箱盖展翅欲飞。机械臂 与工人就在这条"钢铁长龙"旁互不干扰地进行装配作业，金属与零件的碰撞声、传送带的低鸣声共同交织成一曲充满力量的乐章。 在这里，平均每53秒就有一辆新能源汽车下线。这以秒为单位的"湾区速度"，正是粤港澳大湾区以科技创新重塑制造业底色的缩影。作为中国经济高质量 发展的重要动力源，粤港澳大湾区已培育了包括新能源在内的多个万亿级产业集群。大湾区正以破浪之势勇立科创潮头，以高技术制造与国际市场的深度 耦合，闯关升级，攀登国际科创高地。 超级集群铸就"世界工厂" 粤港澳大湾区被誉为"世界工厂"，这里拥有新一代电子信息、绿色石化、智能家电、新能源等9个万亿级产业集群。尤其是广东，已成为中国制造业版图 上一颗亮眼之星。据广东省工信厅数据，2025年全省规模以上工业企业达7.6万家，数量位居全国第一。规上工业企业营业收入合计超19万亿元，位居全 国第一。 除了9大万亿级产业集群之外，粤港澳大湾区的人工智能、机器人、生物医药、集成电路、超高清视频等产业也稳居全国第一方阵。大湾区新兴产业何以 一个又一 ...

里程碑。 作者/周佳丽 那是今年CES上，来自深圳的3 5 0余家参展企业创下阵容之最，现场投资人忍不住感叹： "明年CES不如直接在深圳办。" 如此，只是缩影。今天（1月3 0日），深圳市统计局发布，2 0 2 5年全市地区生产总值3 8 7 3 1 . 8 0亿元，同比增长5 . 5 %。稍早前新华社 报道，2 0 2 5年南山区成功迈入万亿城区， 成为我国首个GDP过万亿元的地市辖区 ，也是继北京海淀区、上海浦东新区之后，全国 第三个迈入"GDP万亿"行列的城区。 与北京海淀依托高校与央企的深厚根基不同，也与上海浦东以金融开放见长的路径相异，面积最小、建制年轻的南山，走出一条独 属于自己的路——以科技创新企业为绝对主体， "大企业顶天立地、中小企业铺天盖地、创新企业开天辟地"。 这一幕，创投圈感受更为深刻。两个月前，投资界报道《 大疆旁边咖啡馆挤满了投资人 》，记录了最近投资人去深圳抢项目的情景 ——以"大疆系"为代表的深圳创业军团席卷创投圈。随后，5 0 0亿粤港澳大湾区创业投资引导基金落户南山，史上最大创投活水缓缓 铺开。 凡此种种，皆是写照。 「 中国最牛区 」 上市公司密度全国第一 某种程度上， ...