来源：科创板日报 今年春晚是史上机器人阵容最庞大的一次，已有松延动力、银河通用机器、魔法原子、宇树科技四家具 身智能厂商官宣"赶考"2026年央视春晚舞台。 去年宇树科技借春晚舞台实现品牌"破圈"， 直接点燃了今年机器人企业"上春晚"的热潮。记者从知情 人士处获悉，今年不少机器人企业争相谋求组团登陆春晚，但最终仅有少数入围。 在快思慢想研究院院长田丰看来，多品牌具身智能机器人亮相春晚，更像是继2025年春晚之后又一次面 向全社会的"能力展示"。一方面，集中呈现了更多创新主体的涌现，体现出产业整体的加速发展；另一 方面，通过多样化形式展示人形机器人在运动控制、多机协同、人机交互及系统稳定性等方面的进步， 让公众更直观地感知技术成熟度的提升。 不过，对于人形机器人扎堆上春晚也有不同声音。有观点认为，机器人在舞台上的表现多为预设动作的 编排，缺乏实际应用场景的支撑，其象征意义大于实用价值。睿尔曼智能科技创始人兼CEO郑随兵表 示，对企业而言，真正的挑战在于能否将春晚获得的大量曝光和关注，迅速转化为清晰、可信的商业叙 事，也就是能够让机器人真正"用起来"和"用出价值"，是关键所在。 赞助费或达亿级门槛 厂商仍竞相涌入 ...

以下文章来源于泽平宏观商学 ，作者泽平宏观商学 泽平宏观商学 . 前沿科技企业实战研学 读万卷书行万里路 企业简介 追更生态 全场景高端智能生态,重新定义现代生活 追觅科技成立于2017年,是以高速数字马 达、智能算法、运动控制技术为核心的全球高端 科技品牌。其始终坚信"核心技术是一切的根本", 重视技术研发与创新。截至2025年12月,全球累 计申请专利超8000件,累计获得授权专利超 3000件。追觅科技旗下产品覆盖清洁、个护、厨 电等多元场景的高端智能产品矩阵，已成为智能 清洁领域的全球领导品牌。 魔法原子 聚焦机器人全栈自研,推动具身智能落地 魔法原子成立于2024年,是国内少数具备通 破桂 世 世 J7\///000 ヘエツイロリアム リアベリア ■ リア 超90%。不同于实验室构想,它坚持以商业化落 地为导向,发起"千景共创计划",在工厂、商业等 真实场景中锤炼机器人,解决"有用、好用、有人 用"的问题，加速技术转化为新质生产力。 灵猴机器人 视觉感知和运动控制技术,叩开自主创新大门 任博士年度演讲将聚焦Al智能驾驶、机器人 等前沿科技赛道。企业出海千帆竞发,房地产寻 底,股市博弈"信心牛"。唯有 ...

Group 1 - The 2026 CCTV Spring Festival Gala will feature embodied intelligent robots, marking a significant technological highlight, with Magic Atom as the first strategic partner in this domain [1] - The strategic partnership between Lingyi Zhizhao and Magic Atom focuses on the embodied intelligence sector, emphasizing robot manufacturing services, production line expansion, and overseas business development [2] - Lingyi Zhizhao's nearly 20 years of experience in precision manufacturing for consumer electronics is being leveraged to support the embodied intelligence strategy, which includes a comprehensive capability from core component development to assembly and application [2] Group 2 - The collaboration between Lingyi Zhizhao and other companies like Green Harmony and Huichuan Technology forms a precision manufacturing ecosystem that supports Magic Atom's robot project for the Spring Festival Gala [3] - This ecosystem not only provides full-chain support for the Spring Festival performance but also enhances the competitiveness of China's embodied intelligence industry [3] - Lingyi Zhizhao is positioned as a core manufacturing platform, accelerating the transformation and large-scale implementation of technological achievements through deep collaboration with partners [3] Group 3 - The Spring Festival Gala is expected to catalyze opportunities in the embodied intelligence industry, with Magic Atom benefiting from increased attention and traffic [4] - Lingyi Zhizhao's precision manufacturing capabilities combined with Magic Atom's algorithms provide essential support for the deployment of robots across various sectors [4] - The establishment of a super factory in Beijing will ensure large-scale production capacity, facilitating the transition of embodied intelligence from laboratories to households [4] Group 4 - The robot performance at the Spring Festival Gala represents a milestone in the maturation of China's embodied intelligence industry, transitioning from concept to large-scale implementation [5] - The strategic cooperation between Lingyi Zhizhao and Magic Atom, along with the supporting precision manufacturing ecosystem, is driving this transformation [5] - Lingyi Zhizhao is anticipated to experience explosive growth in its embodied intelligence business in 2026, positioning itself as a key player in the global market [5]

Core Viewpoint - The Spring Festival Gala has evolved into a significant platform for cities to showcase their economic and industrial strengths, with the 2024 gala restoring the "1+N" model of multiple sub-venues, highlighting the transformation and achievements of various cities in China [1][3][4]. Group 1: Economic Transformation and Industrial Development - The 2025 Spring Festival Gala in Chongqing will feature a light show with 780 electric vehicles, symbolizing the city's shift from traditional fuel vehicles to new energy and smart connected cars, following a major industrial transformation initiated in 2018 [3][4]. - Chongqing's new energy vehicle production has increased 29 times over the past five years, positioning it as the leading city in automotive production in China by 2025 [4]. - Wuhan will showcase advancements in six key areas including optoelectronic information and AI during the 2025 gala, reflecting its strategic industrial layout [8]. Group 2: Regional Highlights and Innovations - The 2024 gala in Changsha will prominently feature engineering machinery, with local companies like Zoomlion and SANY representing the city's core industrial strength, as Changsha's engineering machinery sector has led the nation in asset value and revenue for 13 consecutive years [8]. - The 2024 gala in Shenyang will mark the debut of heavy-duty industrial robots on the national stage, showcasing the city's evolution from an old industrial base to a hub of innovation [8]. - The 2026 gala will include new participants like Suzhou's Wuzhong District, which is home to four robot companies, emphasizing its ambition to become a leading robotics industrial cluster in China [16]. Group 3: Investment and Economic Strategy - Hefei has successfully attracted major investments in sectors like display technology and electric vehicles, earning the title of "the most powerful venture capital city" and becoming a hub for unicorn companies [13]. - Yibin, transitioning from a traditional resource-based economy to a new energy and materials hub, has rapidly developed a complete industrial chain in the battery sector, showcasing the potential for resource-rich cities to embrace new economic opportunities [13][14].

Core Viewpoint - The article emphasizes the importance of advanced technology companies in redefining modern life and driving economic growth, particularly through AI and robotics innovations [8][14]. Company Summaries Chasing Technology - Founded in 2017, Chasing Technology focuses on high-speed digital motors, intelligent algorithms, and motion control technology, believing that "core technology is fundamental" [4][19]. - By December 2025, the company aims to have over 8,000 patent applications and more than 3,000 authorized patents, establishing itself as a global leader in the smart cleaning sector [4][19]. Magic Atom - Established in 2024, Magic Atom is one of the few companies in China with full-stack self-research capabilities for humanoid robots, boasting a hardware self-research rate exceeding 90% [5][20]. - The company emphasizes commercial viability and has initiated the "Thousand Scenes Co-Creation Plan" to refine robots in real-world settings, addressing practical usability [5][20]. Monkey Robotics - Founded in 2015, Monkey Robotics is a core component supplier in the smart manufacturing sector, specializing in machine vision, direct-drive motors, and industrial robots [7][21]. - The company is expanding into the embodied intelligence sector, offering a one-stop ODM service for intelligent robotics, and plans to enhance its ecosystem by integrating core components, complete machines, and scenario testing [7][21]. Industry Insights - The article highlights the significant market opportunities presented by AI transitioning from virtual to physical realities, potentially unlocking trillion-dollar markets [9][17]. - Key topics for discussion include the development of service robots driven by AI models, breakthroughs in core components for humanoid robots, and investment logic in the robotics industry [18].

百亿基金引爆千亿级产业核爆。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 据IPO早知道消息，魔法原子日前宣布将其全国总部落户梁溪科技城，同时，启动梁溪天空工场智领 产业基金设立。该百亿级基金的战略布局，标志着无锡市梁溪区在构建高端制造生态、推进千亿级未 来产业集群建设上迈出关键一步。 此次合作将以魔法原子的具身智能技术为合作基石，旨在通过资本赋能与产业协同，向无锡市层面全 面推进后续千亿规模的产业发展蓝图。 作为2026春节联欢晚会智能机器人战略合作伙伴，魔法原子是行业较早实现机器人系列化产品布局 的企业之一，在核心零部件研发、本体结构设计以及复杂场景落地能力方面已构建起完整的体系性优 势，其产品在工业制造、商业服务及家庭陪伴等多元场景开展应用探索，具备显著产业示范价值。 根据规划，梁溪天空工场智领产业基金将重点投向具身智能、人工智能、空天信息、低空经济等前沿 赛道。 该基金的设立，响应了无锡市级战略、整合全市资源推动硬核科技落地的关键举措。 魔法原子联合创始人顾诗韬表示："我们选择梁溪，不仅是看中这里对硬科技的前瞻视野，更是认 同'以投带引、投合共赢'的产业理 ...

Core Insights - The 2026 Spring Festival Gala will feature multiple intelligent robots, showcasing cutting-edge technology to enhance the festive experience for audiences nationwide [1] - JD's JoyInside has partnered with two key players, Magic Atom and Songyan Power, to present their robots at the gala, merging advanced technology with traditional New Year celebrations [1] Group 1: Robot Highlights - Songyan Power's humanoid robot "Bumi" is the world's first high-performance humanoid robot priced at around 10,000 yuan, equipped with JD's JoyInside for enhanced interactive capabilities [3] - JoyInside utilizes the JoyAI model, enabling Bumi to provide companionship across all age groups, with significant improvements in interaction frequency and advanced features like voice recognition and situational awareness [3][4] - Magic Atom's four-legged robot, MagicDog Pro, is the first in its category to express emotions autonomously, integrating advanced voice control and multi-modal perception for comprehensive user interaction [4] Group 2: Ecosystem Expansion - JD's JoyInside ecosystem has expanded to include over 40 partners in the robotics and AI toy sectors, enhancing its capabilities in intelligent interaction technology [5] - The company provides comprehensive support to its partners, including logistics and after-sales services, facilitating the transition from "product intelligence" to "service intelligence" [5] - During the 2026 goods festival, robots and AI toys integrated with JoyInside saw nearly a threefold increase in sales on JD's platform, indicating strong market acceptance and growth potential [5]

Investment Rating - The industry investment rating is "Positive" (maintained) [4] Core Insights - Magic Atom has become the strategic partner for intelligent robots at the 2026 Spring Festival Gala, indicating a significant milestone in its market presence [1] - The collaboration with various companies such as Green Harmony, Lingyi Intelligent Manufacturing, and Huichuan Technology highlights the strategic partnerships aimed at enhancing the capabilities and production of humanoid robots [2][3] - The strategic financing of several hundred million yuan from ChipLink Integration's CVC platform indicates strong investor confidence and potential for growth in the humanoid robotics sector [3] Summary by Relevant Sections Company Progress - Magic Atom has set high-quality standards in collaboration with Green Harmony, ensuring precision inspection of key components [2] - A formal strategic partnership with Lingyi Intelligent Manufacturing focuses on embodied intelligence, robot manufacturing services, and overseas business expansion [2] - Huichuan Technology provides joint drive and motion control solutions that meet international standards for Magic Atom's complex movement requirements [2] - Other collaborations include partnerships with Mingzhi Electric and Hongchang Technology, indicating a broad network of support for Magic Atom's initiatives [2] Industry Outlook - The humanoid robotics industry is expected to grow, supported by strategic partnerships and technological advancements [4] - The report emphasizes the importance of continued development and collaboration within the industry to meet market demands and expectations [4]

Summary of Key Points from Conference Call Records Industry Insights Smart Grid and Energy Storage - The Ministry of Commerce announced that consumers purchasing new cars during the 9-day Spring Festival holiday can apply for vehicle trade-in subsidies as per policy requirements [1] - The National Energy Administration is actively promoting the development of new energy storage and emerging industries, with a forward-looking layout for hydrogen energy and nuclear fusion energy [2][3] Electric Power Market - The implementation opinion on improving the national unified electricity market system proposes that by 2030, a basic national unified electricity market system will be established, with market-based trading accounting for approximately 70% of total electricity consumption [4] - According to customs data, China's transformer export value is expected to reach a record 64.6 billion yuan by 2025, a nearly 36% increase from the previous year, with the average export price per transformer rising to 205,000 yuan, an increase of about one-third [4] Liquid Cooling Technology - The leading liquid cooling server company, Vertiv, reported better-than-expected results in its Q4 FY2025 earnings, driving its stock price up by 24%, reaching a new historical high [4] Data Center and Energy Consumption - A surge in data center construction in the U.S. has led to an electricity shortage, with over 29 GW of natural gas power generation capacity under construction, more than doubling in one year [5] Fiber Glass and Electronic Materials - International composite and fiberglass leaders have raised prices for electronic cloth multiple times, with ordinary electronic cloth experiencing four price increases from October 2025 to February 2026 [6][8] Semiconductor Materials - The prices of key materials for the global semiconductor industry, such as sputtering targets, are expected to increase by 20%-30% in Q1 2026 [10] Space Photovoltaics - A supply-demand matching meeting for space photovoltaics was held, with companies discussing technology development, material applications, and manufacturing processes [11][12] Company-Specific Developments - Yike Technology announced a price increase for all cloud products and services starting March 1, 2026, due to rising costs in core hardware procurement and infrastructure [4] - Lumentum has secured several hundred million dollars in CPO-related orders, with expected revenue of approximately $50 million from CPO in Q4 2026, anticipating a significant surge in the first half of 2027 [5] Market Trends - The Shanghai Composite Index rose by 0.05%, the Shenzhen Component Index increased by 0.86%, and the ChiNext Index climbed by 1.32%, with a total trading volume exceeding 2.1 trillion yuan, an increase of over 100 billion from the previous day [4] - The price of praseodymium-neodymium oxide has continued to rise, reaching 800,000 yuan per ton, with a week-on-week increase of 9.9% and a month-on-month increase of 28.8% [15] Geopolitical and Economic Factors - The ongoing geopolitical tensions have led to heightened shipping rates, with the Middle East-China VLCC freight rates remaining above $120,000 [13]

Core Insights - The article emphasizes the importance of advanced technology companies in redefining modern life and driving economic growth through innovation and research [4][8][14]. Company Summaries Chasing Technology - Founded in 2017, Chasing Technology focuses on high-speed digital motors, intelligent algorithms, and motion control technology, believing that "core technology is fundamental" [4][19]. - By December 2025, the company aims to have over 8,000 patent applications and more than 3,000 authorized patents, establishing itself as a global leader in the smart cleaning sector [4][19]. Magic Atom - Established in 2024, Magic Atom is one of the few companies in China with full-stack self-research capabilities for humanoid robots, boasting a hardware self-research rate exceeding 90% [5][20]. - The company promotes commercialization through its "Thousand Scenes Co-Creation Plan," applying its technology in real-world settings like factories and businesses to enhance practical utility [5][20]. Monkey Robotics - Founded in 2015, Monkey Robotics is a core supplier of components in the smart manufacturing sector, specializing in machine vision, direct-drive motors, and industrial robots [6][21]. - The company is expanding into the embodied intelligence sector, offering a one-stop ODM service for intelligent robotics, and plans to build an ecosystem around core components, complete machines, and scenario testing [6][21]. Industry Trends - The article highlights the significant market opportunities presented by AI transitioning from virtual to physical realities, potentially unlocking trillion-dollar markets [9][18]. - Key topics for discussion include the development of service robots driven by AI models, addressing production bottlenecks in humanoid robots, and investment logic in the robotics industry [18].