1月30日，中共中央政治局就前瞻布局和发展未来产业进行第二十四次集体学习。培育发展未来产业， 对于抢占科技和产业制高点、把握发展主动权，对于发展新质生产力、建设现代化产业体系，对于提高 人民生活品质、促进人的全面发展和社会全面进步，都具有重要意义。多位专家将深入解读谋划和布局 未来产业的关键路径和有效实践。 1月30日下午，中共中央政治局第二十四次集体学习聚焦前瞻布局和发展未来产业，释放出强烈信号： 未来产业在即将到来的"十五五"工作中将占据极端重要地位。如何建立高水平的"未来产业瞭望站"，从 海量创新主体中精准识别真正发挥关键作用的"企业主体"，成为赋能未来产业发展的核心抓手与关键举 措。 作为驱动产业创新变革的核心力量，创造型幸福企业在产业演进中扮演着至关重要的多重角色。它们是 产业技术攻坚者，主动对接国家重大科技与未来产业战略发展需求，长期聚焦产业核心"卡脖子"技术， 以底层核心技术突破撬动产业变革。这类企业致力于攻克最复杂、最关键的硬骨头，它们是产业体系的 压舱石，决定着产业的技术天花板、成本结构与竞争格局，真正实现以技术突破定义产业未来，甚至催 生全新的产业形态。他们还是产业生态重构者，以自身为枢纽 ...

Investment Rating - The industry investment rating is "Outperform the Market" [3][9] Core Insights - The report highlights significant advancements in humanoid robots showcased during the Spring Festival Gala, which have positively influenced market sentiment and are expected to accelerate the commercialization process of robots in 2026 [5][8] - The humanoid robot industry is projected to see a substantial increase in shipment volumes, with a forecasted global shipment of approximately 18,000 units in 2025, representing a year-on-year growth of about 508% [8] - The report emphasizes the importance of high-performance components in the evolution of humanoid robots, particularly in enhancing their dexterity and functionality [7][8] Summary by Sections Industry Performance - The specialized equipment sector has outperformed the CSI 300 index since 2025, driven by many companies in the sector belonging to the emerging manufacturing industry, which has shown significant elasticity [8] Market Trends - The Spring Festival Gala's robot performances led to a surge in market interest, with a reported increase of over 300% in robot search volume and a 150% rise in order volume on platforms like JD.com [8] - Notable companies such as Yushutech and Galaxy General Robotics have made significant technological breakthroughs, enhancing the capabilities of their humanoid robots [7][8] Investment Recommendations - The report suggests focusing on key domestic component manufacturers such as Sanhua Intelligent Control and quality suppliers like Zhejiang Rongtai and Meihu Co., as they are expected to benefit from the ongoing advancements in the humanoid robot sector [8]

相关产品： 机器人ETF易方达（159530）通过跟踪国证机器人产业指数，为投资者提供一键布局机器人全产业链的 高效工具。 截至13:18，机器人产业指数（980022.CNI）跌0.62%。指数成分股科沃斯涨4.09%、中信重工涨3.4%、 凌云光涨2.7%，步科股份跌6.63%、绿的谐波跌4.98%、奥比中光跌4.7%。 资金方面，机器人ETF易方达（159530）跟踪国证机器人产业指数，备受资金青睐，近10日资金净流入 超11亿，近60日资金净流入超46亿，盘中资金净申购 8800万份。 借春晚亮相，多家机器人企业展示了最新进展：宇树科技目标2026年出货1万至2万台，2025年已交付超 5500台；松延动力计划加速海外认证，拓展北美、中东、欧洲、东南亚及日韩五大市场，力争二季度实 现千台级出货；银河通用则已在颐和园、陆家嘴、前海、西湖、春熙路、狮山广场等地部署超100台"银 河太空舱"。 银河证券研报称，人形机器人是2026年央视马年春晚核心亮点，宇树科技、银河通用、松延动力、魔法 原子四家机器人公司亮相，其中最具代表性的为宇树科技带来的第4个节目——武术《武BOT》。具身 机器人行业未来市场空间广大 ...

中国外交部发言人2月23日宣布，德国总理默茨将于25日至26日应邀对中国进行正式访问。 据环球时报报道，访华前夕，德国总理府网站公布了默茨的访华行程： 默茨24日从德国启程，将于25日在北京出席德中经济顾问委员会座谈会，并与中国领导人举行会晤。 在北京访问期间，他还将参观故宫以及德国车企梅赛德斯-奔驰。之后，默茨将前往杭州，访问中国机 器人企业宇树科技以及德国企业西门子能源。 默茨 资料 图 此前，默茨已在多个场合"预热"。 当地时间17日，默茨在社交媒体上发帖："祝大家春节快乐，新年快乐！今天，中国和亚洲许多地区的 人们都在庆祝新年的到来。愿马年为德中关系带来力量和新的动力。我期待着不久的将来访问中国。" 在基民盟党代会上宣布访华消息时，默茨表示："我们需要与全球各国发展经济关系，这当然包括中国 这样的国家。"他同时强调，将率领一支"庞大的商务代表团"一同访华。 默茨表示："当今的外交政策同样也是对外经济政策，而对外经济政策是我们经济政策的核心组成部 分。" 据悉，这支"庞大的商务代表团"包括约30位高级商业代表，其中包括拜耳制药、大众汽车、西门子、阿 迪达斯、奔驰、汉高、DHL、德国商业银行、宝马等公司高 ...

我是芯片超人花姐，入行20年，有50W+芯片行业粉丝。 有很多不方便公开发公众号的， 关于芯片买卖、关于资 源链接等， 我会分享在朋友圈 。 扫码加我本人微信 大事件 1. 中国将20家日企列入出口管制名单 行业风向前瞻 2. AI热潮带动芯片需求 韩国出口延续强劲势头 3. 需求是产能两倍，村田拟对高端MLCC涨价 4. SK海力士高盛电话会：所有客户需求都无法满足 今年存储价格持续上涨 5. 宇树王兴兴：今年目标出货量在1-2万台 中国将20家日企列入出口管制名单 2月24日，商务部发布公告，将三菱造船株式会社、三菱重工航空发动机株式会社等20家日本实 体列入出口管制管控名单。此举旨在维护国家安全和利益，履行防扩散等国际义务。公告自公布之 日起正式实施。 （ 集微网） AI热潮带动芯片需求 韩国出口延续强劲势头 韩国海关公布的数据显示，经工作日差异调整后，2月前20天出口同比增长47.3%，高于1月整月 修正后的34%增幅。未经调整的数据显示，出口同比增长23.5%，进口增长11.7%，实现贸易顺 差49.5亿美元。受人工智能与数据中心投资拉动， 芯片出口大增134% ，延续强劲涨势；电脑外 设出口增长1 ...

Core Insights - The article highlights the significant advancements in the domestic robotics sector, particularly showcased during the 2026 Spring Festival Gala, where over 200 robots were featured, marking a pivotal moment for Chinese robotics [3] - The global robotics industry is evolving into a "dual-driven" model led by both China and the U.S., transitioning from technology validation to large-scale implementation [3] Group 1: Technological Advancements - Leading companies such as Yushutech, Songyan Power, Galaxy General, and Magic Atom showcased their robots during the Spring Festival Gala, exceeding market expectations [3] - Yushutech demonstrated a world-first fully autonomous martial arts performance with over 20 H1 robots, achieving high precision and zero errors in a complex environment [3] - Galaxy General executed the first fully autonomous perception and decision-making performance, showcasing its adaptive capabilities in various tasks [3] - Songyan Power's bionic robots replicated human facial expressions with high precision, achieving frame-level synchronization with voice [3] Group 2: Market Trends and Consumer Behavior - Data from the Qingtian rental platform indicates that over 54% of robot rental orders during the Spring Festival were for cultural and commercial events, with total orders surpassing 5,000 [4] - E-commerce data shows a significant increase in sales of window-cleaning robots (up 209% year-on-year) and vacuum robots (up 59%), indicating a growing penetration of robotics in household consumption [4] - The rental price for humanoid robots has decreased from 20,000 yuan to 6,000 yuan, while robotic dogs can be rented for as low as 78 yuan [4] Group 3: Industrialization and Cost Reduction - Predictions suggest that by 2025, global shipments of humanoid robots will reach 15,000 to 20,000 units, with Chinese companies holding over 85% market share [7] - Yushutech's G1 robot is priced at 99,000 yuan, significantly lowering the industry entry barrier, while Songyan Power's "Xiao Bu Mi" is the first humanoid robot priced under 10,000 yuan [7] - The localization rate of core components is approximately 70%, with the cost of harmonic reducers being one-third of similar products from Japan [7] Group 4: Future Outlook and Catalysts - The robotics sector is transitioning from "thematic expectations" to "fundamental verification," with the Spring Festival effect temporarily boosting market sentiment [7] - Key catalysts for the first quarter include the anticipated release of Tesla's Optimus V3 version and the production delivery progress of leading domestic companies [8] - The upcoming Two Sessions may introduce policies that support humanoid robots as part of emerging industries [7]

今年央视春晚的舞台上，小品《奶奶的最爱》里，两个容貌、声线、神态相似的"蔡明"并肩而立，一个 是深耕喜剧数十年的老艺术家，一个是依托前沿技术打造的仿生机器人。全场的掌声里，藏着一场跨越 三十年的温柔重逢。 对于看着春晚长大的几代中国人来说，蔡明这个名字，早已和除夕夜的笑声联系在一起。她与春晚的缘 分，始于1991年。那一年，刚在小品赛道上崭露头角的她，带着《陌生人》第一次登上春晚舞台，扎着 两条麻花辫、挑着两个大包袱的乡下姑娘，把角色初入陌生环境的试探与懵懂演绎得恰到好处。也是从 这一年开始，她在春晚的舞台上前后28次登台，成为名副其实的"春晚常青树"。 《机器人 趣话》剧照 这种祛魅主要体现在两个维度。一方面是功能的失控。"在没有输入丈夫的程序之前所有的机器人均为 柔道七段"。在未输入丈夫程序前具有攻击性，这种物理上的威胁暗示了技术一旦脱离人类控制的潜在 危险。另一方面，也是更具深意的，是情感的错位。当"郭达"将菜花切换至善解人意模式时，机器人因 无法理解人类的真实意思而产生了"你说想抽自己，我善解人意替你抽"的荒诞行为，并直言"你们人类 真虚伪"。 在这种叙事框架中，人与机器人是对立的。机器人虽然被设计为 ...

中国外交部发言人2月23日宣布，德国总理默茨将于25日至26日应邀对中国进行正式访问。默茨上周在 社交平台X上发文称，"愿马年为德中关系注入力量、带来新动力"，并表示期待不久后启程访华。欧洲 问题专家23日对《环球时报》记者表示，这是一次迟来但意义重大的访问，近期国际形势的变化，让德 国及默茨政府逐渐意识到，必须进一步提升对华关系的重要性。对默茨本人而言，这次访华也是一次重 要的认知更新契机。 青木、丁雅栀、邓孝慈/环球网 2026年2月11日，德国柏林，德国总理默茨出席内阁会议。视觉中国 资料图 根据德国总理府网站公布的访华行程，默茨24日从德国启程，将于25日在北京出席德中经济顾问委员会 座谈会，并与中国领导人举行会晤。在北京访问期间，他还将参观故宫以及德国车企梅赛德斯-奔驰。 之后，默茨将前往杭州，访问中国机器人企业宇树科技以及德国企业西门子能源。 据欧洲新闻台20日报道，默茨在基民盟党代会上宣布访华消息时表示："我们需要与全球各国发展经济 关系，这当然包括中国这样的国家。"他同时强调，将率领一支"庞大的商务代表团"一同访华。他表 示："当今的外交政策同样也是对外经济政策，而对外经济政策是我们经济政策的 ...

Market Overview - On the first trading day of the Year of the Horse, the Shanghai Composite Index opened up by 1.15%, and the ChiNext Index rose by 1.7% [1] - As of the time of reporting, the Shanghai Composite Index had increased by 0.94% [3] Sector Performance - Precious metals and oil sectors led the gains, with notable activity in companies such as Xiaocheng Technology (300139) rising over 13%, and Hunan Silver (002716) nearing the daily limit [3] - The spot gold price reached $5,200 per ounce, marking a nearly 2% increase, while the main contract for silver on the Shanghai Futures Exchange surged by 13% to 22,366 yuan per kilogram [3] AI and Robotics Industry - The Spring Festival Gala showcased humanoid robots from companies like Yushun Technology and Galaxy General, leading to a significant market response with increased search and order volumes on platforms like JD.com [4] - Analysts predict that the Spring Festival has catalyzed the humanoid robot industry, with public orders expected to exceed 4.6 billion yuan by 2025, indicating a clear trend towards industrialization [4] - The humanoid robot sector has undergone significant advancements in hardware and AI applications, with expectations for large-scale production by Tesla and leading domestic companies by 2026 [4] Currency Trends - The Chinese yuan has shown strong performance, appreciating nearly 1.3% against the US dollar since early February, stabilizing around the 6.9 range [5] - Analysts maintain an optimistic outlook on the yuan's continued appreciation, attributing it to China's robust industrial export competitiveness [5]

Core Viewpoint - The collaboration between Yushu Technology and Tagou Martial Arts School for the Spring Festival Gala showcased significant advancements in humanoid robotics, leading to a surge in interest and investment in the robotics sector [1][7]. Investment Opportunities - The article highlights two main robotics indices for investors: the Guozheng Robotics Industry Index and the Zhongzheng Robotics Index, each with different focuses and compositions [1][6]. - The Guozheng Robotics Industry Index emphasizes humanoid robots and core components, while the Zhongzheng Robotics Index covers a broader range of companies involved in robotics production, including software and hardware providers [3][9]. Index Composition - The Guozheng Robotics Industry Index consists of 50 constituent stocks, with the top ten stocks accounting for approximately 40% of the total weight, indicating a relatively balanced distribution [4][10]. - In contrast, the Zhongzheng Robotics Index includes 66 constituent stocks, with the top ten stocks making up about 55% of the total weight, showing a higher concentration [4][10]. Performance Metrics - As of January 30, 2026, the Guozheng Robotics Industry Index increased by 0.50%, while the Zhongzheng Robotics Index saw a smaller increase of 0.06% [5][11]. - The Guozheng index has a higher proportion of humanoid robot-related companies, with nearly 80% weight, compared to about 65% in the Zhongzheng index, suggesting greater sensitivity to market movements in humanoid robotics [3][9]. Investment Strategy - For investors looking to specifically target the humanoid robotics sector, the Guozheng Robotics Industry Index is recommended as a more effective choice due to its higher elasticity and responsiveness to market catalysts [6][12]. - The E Fund Robotics ETF, tracking the Guozheng index, has a significant scale of over 17.5 billion yuan, making it a leading product in terms of purity and liquidity [6][12].