Core Viewpoint - The company is steadily advancing its international business layout, successfully entering multiple global markets and regions [1] Group 1: International Business Expansion - The company's products have successfully penetrated various countries and regions [1] - The intelligent sensor series can be widely applied in the electric power monitoring sector, providing critical technical support for the intelligent upgrade and safe, efficient operation of power grids [1] Group 2: Future Strategy - The company plans to continue actively responding to national strategies while deepening international market expansion and technological integration innovation [1]

证券日报网讯 1月28日，柯力传感在互动平台回答投资者提问时表示，公司作为有限合伙人，通过旗下 产业基金对深圳市德壹医疗科技有限公司及智身科技（北京）有限公司进行了战略性投资。目前，公司 与上述被投企业已围绕相关技术领域展开研发合作，共同推进产品开发与创新应用。未来，公司将持续 关注行业发展动态，依托产业基金平台积极布局前沿技术与生态协同，为长期发展培育新的增长点。后 续如有达到信息披露标准的进展，公司将严格依照法律法规及监管要求及时履行披露义务。 （编辑 丛可心） ...

证券日报网讯 1月28日，柯力传感在互动平台回答投资者提问时表示，公司作为有限合伙人参与设立的 产业基金持有深圳市德壹医疗科技有限公司股权，目前双方正围绕六维力传感器等领域协同开展研发合 作，公司目前是德壹机器人最重要的六维力传感器供应商。公司将持续关注行业前沿动态，积极探索高 端手术机器人等相关产业协同机会，推动技术积累与业务发展。后续如涉及应披露的合作进展或重要事 项，公司将严格按照相关法律法规及监管要求及时履行信息披露义务。 （编辑 王雪儿） ...

证券日报网讯1月28日，柯力传感（603662）在互动平台回答投资者提问时表示，公司目前已向国内多 家人形机器人领域客户提供样品并配合测试，其中部分客户已取得批量订单，另有部分客户尚处于产品 验证阶段。公司持续关注下游市场动态与客户需求，并已具备相应的生产准备与快速响应能力，产能方 面不断提高，以此把握未来可能的市场机遇。公司在机器人传感器领域的业务拓展深入推进，但在营收 中的占比尚小，敬请广大投资者注意相关投资风险。公司将继续严格遵守信息披露相关规定，如有达到 披露标准的业务进展，将及时履行信息披露义务。 ...

证券日报网讯 1月28日，柯力传感（603662）在互动平台回答投资者提问时表示，目前，公司产品已销 往全球多个国家和地区，包括欧盟地区，业务布局稳步拓展。未来，公司将继续完善海外服务体系，增 强本地化运营能力，积极把握国际市场机遇，持续提升品牌影响力与综合竞争力。有关国际业务的具体 进展与经营数据，敬请以公司正式披露的公告信息为准。 ...

Investment Rating - The report assigns an "Accumulate" rating for the robotics industry [4]. Core Insights - The report highlights the deepening strategies of overseas giants, with OpenAI entering the robotics field and the acceleration of embodied intelligence in Europe. In China, new products and operational scenarios are flourishing, with breakthroughs in both production scale and data elements. The investment and financing market is robust, leading to an expansion of the robotics supply chain and production capacity [2][3]. Summary by Sections Industry News and Company Dynamics - Optimus is already operational in factories and is expected to begin consumer sales by the end of 2027. CEO Elon Musk confirmed this timeline at the World Economic Forum in Davos, stating that several units are currently performing simple tasks and will be ready for more complex operations soon [6][7]. - Yushutech announced that it exceeded 5,500 units in actual sales of humanoid robots for 2025, with over 6,500 units produced. The company clarified that this figure refers to actual sales delivered to end customers [7]. - Shanghai Jiao Tong University and Jieke Robotics have established a joint research center focused on general intelligent robots, aiming for breakthroughs in core technologies and industrial applications [7]. Investment and Financing Dynamics - The financing demand in the robotics sector is increasing, with Skild AI raising approximately $1.4 billion in funding led by SoftBank and NVIDIA, focusing on developing a general robotic "brain" [9]. - Zhejiang Human Robot Innovation Center completed a Pre-A round financing of 450 million yuan, with a strong lineup of investors, aimed at advancing core technologies and scaling production [9]. - Huari Technology plans to go public in Hong Kong, focusing on machine vision and autonomous mobile robots [9]. Investment Recommendations - The report recommends focusing on both complete robotics manufacturers and core component suppliers. Key recommendations include: 1. Actuators and motors: Recommended companies include Zhaowei Electromechanical, with related companies being Mingzhi Electric and Jiechang Drive. 2. Reducers: Related companies include Ruidi Zhichu and Haoneng Co. 3. Screw components: Recommended company is Hengli Hydraulic, with related companies being Zhejiang Rongtai and Best. 4. Screw equipment: Recommended company is Qin Chuan Machine Tool, with related companies being Rifa Precision and Huachen Equipment. 5. Bearings: Recommended company is Longxi Co. 6. Sensors: Recommended companies include Donghua Testing and Anpeilong, with related companies being Lingyun Co. 7. Complete machines: Related companies include Ubtech and Yijiahe [10][12].

Industry Dynamics - Tesla plans to start selling its humanoid robot Optimus to the public by the end of next year, with reliability and safety confirmed through extensive testing [1] - Juwu Intelligent has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, focusing on intelligent mobile robots and holding a 5.9% market share in China's smart embodied industry robot solutions [1] - Yupan Intelligent announced the completion of a Pre-IPO+ financing round, raising approximately 513 million RMB, aimed at enhancing core capabilities and expanding into Southeast Asian markets [2] - Keda Intelligent has also submitted its IPO application to the Hong Kong Stock Exchange, focusing on digital energy and intelligent robotics [3] - Huari Technology has applied for an IPO on the Hong Kong Stock Exchange, specializing in machine vision and mobile robots [3] - Zhejiang Humanoid has completed a 450 million RMB Pre-A financing round, with a total of 2.2 billion RMB raised in the past year and a half [4] - Yushu Technology expects to ship over 5,500 humanoid robots in 2025, with total production exceeding 6,500 units [5] - The number of domestic complete machine enterprises is expected to exceed 140 by 2025, with over 330 humanoid robot products released [6] - Microsoft has launched its first robot model Rho-alpha, enhancing adaptability and reliability through advanced AI systems [7] - Dongyi Technology has completed a significant angel financing round, focusing on general humanoid robots and core joint module technology [7] - Today Yixiu has completed a seed round financing, targeting the sleep health sector with AI-driven products [8] Company Announcements - Xiling Power forecasts a net profit of 90 million to 110 million RMB for 2025, representing a year-on-year growth of 77.82% to 117.33% [9] - Huarui Precision expects a net profit of 180 million to 200 million RMB for 2025, an increase of 68.29% to 86.99% compared to the previous year [9] Investment Strategy - The humanoid robot industry is anticipated to open up broader market opportunities beyond automobiles, with significant investment potential as the industry evolves [9] - The production rhythm of Optimus is becoming clearer, and the launch of Microsoft's robot model signifies rapid advancements in the sector [9]

国证机器人产业指数聚焦人形机器人本体和核心零部件，成分股涵盖三花智控、领益智造等人形机器人 零部件产业链公司，合计占比约80%，领跑同类其他指数。机器人ETF易方达（159530）是目前跟踪该 指数规模第一的ETF产品，可助力投资者一键布局人形机器人产业链核心企业。 （文章来源：每日经济新闻） 工信部今日表示，在人工智能技术驱动下，人形机器人产业迭代速度超预期。从2025年春晚舞台到各类 运动会现场，人形机器人已多次展现其运动与交互能力。据统计，2025年国内整机企业数量超过140 家，全年发布产品超过330款，业界普遍将2025年视为"人形机器人量产元年"。下一步将以人形机器人 为切入点，带动具身智能大产业发展。 截至14:23，国证机器人产业指数上涨0.9%，成分股中，天智航-U涨超14%，博实股份涨超6%，信捷电 气涨超5%，震裕科技、柯力传感等多股涨超2%。机器人ETF易方达（159530）盘中净申购达3000万 份，此前该产品已连续3个交易日获资金净流入，合计近10亿元。 ...

Investment Rating - The report maintains a "Recommended" rating for the mechanical industry, with a focus on mining equipment, AI devices, and consumables [1]. Core Insights - The mechanical industry is expected to enter a new recovery cycle driven by monetary and fiscal policies, with significant capital expenditure anticipated in mining due to rising prices of non-ferrous metals [6][8]. - The AI sector is experiencing rapid growth, leading to increased demand for high-performance servers, GPUs, and advanced PCBs, which are critical for AI applications [6][20]. - The report highlights key companies in various segments, including industrial control, robotics, machine tools, and testing industries, suggesting a broad range of investment opportunities [6][8]. Summary by Sections Industry Overview - The mechanical industry comprises 636 listed companies with a total market capitalization of approximately 70,956.73 billion yuan and a circulating market value of about 58,998.75 billion yuan [3]. Company Profit Forecasts and Valuations - Several companies are highlighted with strong profit forecasts and investment ratings, including: - Huichuan Technology (300124.SZ): EPS forecasted at 2.11 yuan for 2025, with a strong buy rating [2]. - Falan Technology (603966.SH): EPS forecasted at 0.60 yuan for 2025, with a strong buy rating [2]. - Xinjie Electric (603416.SH): EPS forecasted at 1.83 yuan for 2025, with a strong buy rating [2]. - Other notable mentions include companies like Anhui Heli (600761.SH) and Sany Heavy Industry (600031.SH), both receiving strong buy ratings [2]. Market Performance - The mechanical sector has shown a positive performance with a 1.4% increase in the index, while the overall market performance varied across different indices [10][13]. - The 3C equipment segment experienced the highest growth at 14.4%, indicating strong demand in this area [11]. Investment Recommendations - The report suggests focusing on companies that are well-positioned to benefit from the AI wave, such as: - Dingtai High-Tech and Zhongtung High-Tech in the consumables sector [20][21]. - Dazhu CNC and Xinqi Micro-Assembly in the equipment sector [20]. - The report emphasizes the importance of high-end equipment and consumables in the PCB market, projecting significant growth in this area [20][21]. Key Data Tracking - The report includes macroeconomic indicators and industry-specific data, such as the manufacturing PMI and fixed asset investment growth rates, which are crucial for understanding the industry's health [32][36].

Group 1 - The core viewpoint highlights the accelerating growth in the robotics sector, with Tesla set to release its next-generation robot soon and the reappearance of robots at the Spring Festival Gala [1] - Qianxun Intelligent's embodied intelligence model Spirit v1.5 has topped the RoboChallenge evaluation list, surpassing the well-known foreign model pi0.5, becoming the only model with a success rate exceeding 50% [1] - Zhujie Power has launched the embodied intelligent system LimX COSA, integrating high-level cognition with full-body motion control, enabling robots to think and act simultaneously in the physical world [1] Group 2 - Zivariable Robotics has completed a 1 billion yuan A++ round of financing, with investments from ByteDance, Sequoia China, and others, aimed at iterating general embodied intelligence models and productization [2] - The partnership between Xingdong Jiyuan and SF Technology focuses on logistics scenarios, promoting the development and application of embodied intelligent robot technology to enhance logistics efficiency and quality [2] - Xingdong Jiyuan has introduced a comprehensive embodied intelligent warehousing logistics solution that collaborates deeply with customer logistics systems for adaptive operations [2] Group 3 - The year 2026 is seen as a critical point for humanoid robots, with expectations for mass production and supply chain developments, potentially increasing domestic shipments from thousands to tens of thousands [3] - Key areas of focus include the convergence of Tesla's supply chain, technological iterations, overseas supply chain opportunities, domestic application verticals, and long-term investment in quality patterns [3] Group 4 - Important industry events include the completion of Zivariable Robotics' financing on January 12, the release of a new world model by Norwegian humanoid robot company 1X on January 14, and the launch of the first industrial embodied software platform by Leju on January 15 [4] Group 5 - The industry is experiencing intensified competition, with automotive and electric vehicle sales falling short of expectations, and progress in humanoid robots not meeting anticipated timelines [5]