今年春晚，最出圈的不是明星舞台，不是爆梗小品，而是一群会翻跟头、耍双节棍、演小品的人形机器 人。 它们或在《武BOT》中耍弄双节棍完成高难度空翻，或在小品里伸缩脖颈配合喜剧包袱，或在微电影中 精准完成"盘核桃"的精细操作，一举一动都牵动着亿万观众的目光，几乎承包了春晚半壁热搜。 仿佛一夜之间，人形机器人全面走进生活的时代已然来临。 更有很多报道对股市里的机器人概念各种挖掘解读吹捧，仿佛准备要迎接又一轮狂热的大涨潮。 在这场全民热议的顶级流量盛宴，确实让人看到了中国机器人的实打实的技术成果和飞速进步的态势。 但盛宴之下，却也藏着比以往同样更加强势的资本造势与套路。 你看到的，是一场精心编排的科技盛宴；而你看不到的，是一场千亿估值的资本狂欢，和一套早已谋划 清楚的资本套路。 很多人不知道，为了春晚舞台上这短短几分钟的露脸，机器人企业之间展开了一场门槛极高的席位争 夺。 单家企业的合作门槛6000万起步，头部企业的最高合作报价接近1亿元，独家合作权益的竞价一度触及5 亿元区间。 就连行业头部的智元机器人，也最终选择退出这场超高投入的竞争而黯然退出的传闻，都揭开了热闹表 象下，一场精心策划的资本博弈。 01 舞台之上 ...

这个春节，机器人几乎无处不在。 人表演武术。截图自2026年春晚视频 与此同时，机器人的身影已活跃在我们身边：北京一家新开业的智能餐厅里，机器人往来穿梭，有的忙 着送餐，有的忙着送祝福；上海一家便利店前，机器人用欢快流畅的街舞表演为开业聚拢人气；浙江金 华市科技馆的新春主题活动上，机器人登台演绎传统婺剧；武侯祠成都大庙会上，机器人化身"赛博喜 神"精彩展演；广州白云迎春花市上，机器人穿着大花袄，踩着鼓点扭起秧歌。大年初一登上北京春晚 的机器人摇滚乐队"灵宝乐队"，在舞台上实现多机协同、真实演奏，正月也将参加线下演出。 事实上，这些在舞台上攻克的技术难题，与真实场景中面临的挑战高度相通，具备明确的应用迁移路 径。 支撑机器人武术表演的集群自动控制系统，解决了数十台机器人在复杂队形下的实时调度与动作同步问 题。这一技术可迁移至工业场景中的多机器人协同巡检、仓储分拣、装配流水线等任务，实现规模化作 业的高效统筹。 今年春晚，银河通用展示了机器人从盘核桃、捡玻璃碎片、货架取物，到叠衣服、串烤肠等诸多应用能 力。而在全国近40家智慧零售药店中，这类机器人已实现24小时无人化盘点、拣选与配送交接，持续稳 定运行超过一年。 ...

Core Viewpoint - SUTENG JUCHUANG (02498.HK) is expected to achieve its first quarterly profit in Q4 2025, with profits projected to be no less than RMB 60 million [1] Group 1: Financial Performance - The company anticipates a significant increase in sales, with laser radar sales in the robotics sector expected to exceed 303,000 units in 2025, representing a year-on-year growth of over 1100% [1] - Total sales for Q4 are projected to reach 459,600 units, with sales from robotics applications at 221,200 units, nearly equal to the ADAS business [1] Group 2: Partnerships and Collaborations - In the humanoid robotics sector, SUTENG JUCHUANG has established partnerships with over 20 key clients, including YUSHU Technology, ZHIYUAN Robotics, and GALAXY General [1]

将投中网设为"星标⭐"，第一时间收获最新推送 "明星项目，闭眼入就对了。" 作者丨 陈美 编辑丨 王庆武 来源丨 投中网 岁末年底，当我与一级市场投资人见面时，他又向我聊到了行业一个比较热的话题：专项基金又杀回来了。据该位投资人透露，去年一家头部GP在专项 基金上就十分活跃。"不少项目背后都是专项基金在支棱，而非传统盲池基金的钱。" 实际上，自IPO回暖后，明星专项基金的市场水温就明显上升。而他最近也听到，有不少LP主动询问某头部明星项目，并明确表示只对这些"明星项 目"感兴趣。 "因为在这些LP们来看，相比盲池基金，明星项目更具有确定性，也是产业发展的方向，未来在退出路径上也更明确些。"该位投资人说道。 "明星项目，闭眼入就对了" IR人士也向我证实了专项基金的繁荣程度。一位IR人士感慨：在募资端，以前和高净值客户吃饭，吃了好几顿后都没动静；但现在不用约，主动就来联 系了。县域LP更是如此，只要募资时把话说得通俗一点，比如把"IRR、门槛、赎回"说成他们都能听得懂的"保本、利息、随取"。那么，他们单笔的出 资额从几百万到小几千万，都不罕见。 除了县域LP，地方政府、家族办公室和海外资本也是出资大头。特别是地 ...

新春走基层丨这个春节，满眼都是机器人 中新网北京2月19日电(记者 吴家驹)这个春节，机器人几乎无处不在。 它们不仅在春晚舞台上"拉满"存在感，更悄然走进人类的生活，在各个领域大显身手。 一年前，宇树机器人在春晚舞台上转手绢，让所有人眼前一亮，但动作中仍带着一丝笨拙与滑稽。到了马年春晚，宇树机器人再次亮相，展现出的技术进步 令人惊叹。 在4分多钟的武术表演中，它们完成了连续花式翻桌跑酷、弹射空翻、单脚连续空翻等高难度动作，并实现集群快速跑位，多个动作是"全球首创"。宇树科 技创始人王兴兴表示，希望能在春晚舞台上让机器人挑战极限。 与此同时，机器人的身影已活跃在我们身边：北京一家新开业的智能餐厅里，机器人往来穿梭，有的忙着送餐，有的忙着送祝福；上海一家便利店前，机器 人用欢快流畅的街舞表演为开业聚拢人气；浙江金华市科技馆的新春主题活动上，机器人登台演绎传统婺剧；武侯祠成都大庙会上，机器人化身"赛博喜 神"精彩展演；广州白云迎春花市上，机器人穿着大花袄，踩着鼓点扭起秧歌。大年初一登上北京春晚的机器人摇滚乐队"灵宝乐队"，在舞台上实现多机协 同、真实演奏，正月也将参加线下演出。 松延动力机器人搭档蔡明表演小品。截图 ...

Core Viewpoint - The 2026 Future Industries New Materials Expo (FINE 2026) aims to lead global innovation in new materials, emphasizing their critical role in the transformation of high-tech industries and future economic development [1][2]. Group 1: Event Overview - FINE 2026 will take place from June 10 to June 12, 2026, at the Shanghai New International Expo Center, featuring a total exhibition area of 50,000 square meters and over 300 strategic and cutting-edge technology reports [2][18]. - The expo will focus on popular innovations applicable to various industries, including artificial intelligence, aerospace, smart vehicles, and renewable energy, while addressing five common needs in future industries: advanced semiconductors, advanced batteries, lightweight functionalization, low-carbon sustainability, and thermal management [2][10]. Group 2: Historical Context and Participation - The previous editions of the expo, including the 2025 International Carbon Materials Expo and the 2025 Thermal Management Expo, achieved record attendance with over 35,000 professional visitors from 27 countries and regions, showcasing more than 500 exhibitors [7][36]. - The event is expected to attract over 100,000 professional visitors, including representatives from major companies such as BYD, Huawei, and Xiaomi, as well as over 5,000 industry investors [37][36]. Group 3: Thematic Focus and Special Features - FINE 2026 will feature seven specialized thematic exhibition areas, including advanced semiconductors, AI chips, thermal management, and sustainable materials, aiming to present a comprehensive chain of innovation from components to cutting-edge technologies [13][15]. - The expo will host over 30 forums with more than 300 renowned experts discussing trends in technology, investment strategies, and advanced manufacturing techniques related to new materials [22][24]. Group 4: Strategic Importance - The event is positioned as a critical opportunity for companies to connect with industry funds, government parks, and project resources, facilitating the integration of technological and industrial innovation in the new materials sector [2][10]. - The timing of the expo in June is highlighted as a strategic window for seizing business opportunities in the second half of the year, leveraging Shanghai's advantages as a major international exhibition platform [10].

Core Viewpoint - The 2026 Spring Festival Gala showcased a record number of humanoid robot brands, highlighting the rapid development and commercialization of the robotics industry in China, which is projected to become a trillion-dollar market [4][10]. Group 1: Robotics Showcase at the Spring Festival Gala - Four humanoid robot companies, Yuzhu Technology, Galaxy General, Magic Atom, and Songyan Power, made a collective appearance, marking a significant milestone in the gala's history [4][6]. - The performances included various programs featuring humanoid robots, demonstrating their advanced motion control and interactive capabilities [6][8]. - The robots showcased in the gala included high-performance models capable of complex movements and interactions, emphasizing their potential applications in family assistance and elder care [6][7]. Group 2: Marketing and Commercialization - The high costs associated with participating in the Spring Festival Gala, ranging from 16.99 million to 59.99 million yuan, reflect the competitive nature of brand positioning in the robotics market [11]. - The exposure from the gala has proven beneficial for companies, with significant increases in search and order volumes for robots shortly after the event [14]. - The gala serves as a critical platform for companies to establish brand recognition and trust among potential customers, particularly for startups [9][14]. Group 3: Industry Trends and Future Outlook - The humanoid robotics industry is at a pivotal point, transitioning from technology validation to large-scale production, with projections indicating a market size of nearly $1.3 billion by 2026 [16]. - The supply chain's maturity and cost reductions in key components are driving down production costs, making robots more accessible [16][18]. - The industry faces challenges such as technological bottlenecks and ethical concerns, but the establishment of standards and international collaboration is underway to address these issues [18].

Group 1: AI Applications - The global AI competition is intensifying, with model iterations driving deeper application scenarios, and the focus is on whether significant capital expenditures by tech giants can lead to commercial applications [2][3] - The competitive landscape for AI applications is shifting from dominance by OpenAI to a more multipolar environment, with major players like Google and Meta integrating AI into their ecosystems [3] - In China, AI applications are experiencing a breakthrough, with major tech companies accelerating model iterations and application deployments, leading to a transformation from model landing to scenario monetization [5] Group 2: AI Computing Power - Overseas, major cloud service providers are maintaining high capital expenditures, with a projected increase of 67% in 2026, reflecting a strong demand for AI computing power [7][8] - In China, leading tech companies are increasing capital expenditures and accelerating the iteration of domestic large models, promoting the performance of domestic chips amid tightening supply from foreign sources [9] Group 3: Storage - The demand for storage is entering a new super cycle driven by AI training and inference needs, with AI servers consuming significantly more memory than traditional servers [11][16] - Supply constraints are expected to persist, leading to continued high prices for storage components, as major manufacturers shift production focus to advanced memory types [16] Group 4: Commercial Aerospace - Commercial aerospace is becoming a key battleground in US-China competition, with significant policy support and funding initiatives in both countries to accelerate industry development [19][21] - Domestic companies are achieving breakthroughs in satellite mass production and reusable rocket technologies, transitioning from technical validation to commercialization [22] Group 5: Humanoid Robots - Major overseas companies are ramping up production plans for humanoid robots, benefiting domestic component suppliers, with Tesla aiming for a production capacity of 500,000 units by 2026 [27][30] - Chinese manufacturers are leading in humanoid robot shipments, with significant contracts and production milestones achieved in 2025 [30] Group 6: Intelligent Driving - Domestic policies are expected to facilitate the commercialization of L3 autonomous driving in 2026, with several manufacturers preparing to launch L3 models [32][33] - Tesla's Full Self-Driving (FSD) technology is setting the direction for autonomous driving, with significant advancements in AI capabilities [35] Group 7: Energy Storage - The expansion of AI computing power in North America is driving electricity demand, with domestic power equipment expected to accelerate exports [37][40] - China's "14th Five-Year Plan" includes significant investments in the power grid and energy storage, creating a favorable environment for industry growth [40][43] Group 8: Chemicals - The chemical industry is undergoing a transformation driven by policies aimed at supply-side reform, with a focus on optimizing supply structures and reducing excess capacity [44][47] - New economic sectors are boosting demand for chemical materials, particularly in AI, renewable energy, and robotics, leading to a favorable outlook for new materials [47][48]

温馨提示 ： 点击下方图片，查看运营团队最新原创报告（共260页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微 信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； 正文： 节前正式结束，Optimus V3未亮相，T链们走势中规中 矩，静待节后！ Optimus V3亮相在即， 特斯拉2月开启新一轮审厂，T链再"缩圈"，核心标的越发明朗 ， " 新T链 "们，来了！ 小编2月初文章提到，2月T链核心催化点是Optimus V3亮相； 需要重点关注标的是1月已前往北美沟通标的、确 定性标的和2月对T新晋 利好标的；意外催化是特斯拉2月高规格审厂（中国和泰国）。 回顾一下2月以来T链们行情，基本和小编在星球内预测一致，行情主要围绕北美沟通标的、 新晋 利好标的（含 审厂标的）；因缺乏官方核心利好（ V3未亮相 ），资金明显呈现 "炒新不炒旧"和寻找新增量标的趋势。 回到本篇文章重点"新T链"们： 特斯拉早期对供应商是开放的，包括审厂、签署NDA、获得 DMF 以及送样阶段，难的是送样通过以及后续一些 列阶段 ...

这一夜，宇树科技的G1与H2人形机器人在武术节目《武 BOT》中手持长棍，与塔沟武校的少年们同台竞技，醉拳、双截棍行云流水，红袍舞剑更显侠气 ；松延动力的仿生机器人化身"机器人孙子"，在小品《奶奶的最爱》里依偎着蔡明撒娇耍宝，脖子延伸、变钱翻跟头的绝技频出 ；魔法原子的MagicBot 系列穿梭于主会场《智造未来》，与陈小春、言承旭、罗嘉豪、易烊千玺等艺人同台演绎 ，其机器狗与人形机器人还现身宜宾分会场《立上游》，在表 演中与熊猫互动，增添了不少科技趣味 ；银河通用作为本届春晚指定具身大模型机器人，其Galbot G1则在贺岁微电影《我最难忘的今宵》中秀出一段贯 口，惊艳四座 。 从2025年宇树科技凭借《秧BOT》单枪匹马"破圈"，到2026年四家厂商分据不同节目、各展所长，这场发生在亿万人眼前的"全明星卡位赛"，正是中国人 形机器人行业过去一年狂奔的缩影。 当机器人从实验室的演示台，走上春晚的国民级舞台，这场科技界的顶级豪赌，也迎来了从技术叙事向商业现实跨越的关键节点。 在这场被称作"亿元俱乐部"的盛宴中，每一家登台的企业都试图在数亿观众面前锚定自己的身位，将国民级的知名度转化为商业版图上的胜率。但热闹的 ...