股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 深圳市優必選科技股份有限公司（於中華人民共和國註冊成立之股份有限公司） 呈交日期: 2026年1月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 其他類別 (請註明) | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | N/A | 說明 | 内資股 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 70,665,977 RMB | | | 1 RMB | | 70,665,977 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 70,665,977 RMB | | | 1 RMB | | 70,665,977 | | 2. ...

Core Viewpoint - The article discusses the recent surge in the T-chain market, driven by the anticipated mass production of Tesla's Optimus robot, indicating a shift towards a more focused selection of key T-chain companies as the market evolves towards 2026 [1][11]. Summary by Sections T-chain Market Dynamics - The T-chain market has transitioned from an "expansion" phase to a "contraction" phase, with a focus on fewer, more reliable companies as mass production approaches [2][3]. - Initially, over 70 T-chain companies were identified, which increased to over 80 by October, but the number is expected to decrease significantly as the market narrows down [2]. Key Developments and Predictions - The T-chain market's performance is closely linked to the progress of Tesla's projects, with significant rebounds noted in mid-November and December due to positive developments in core companies [3]. - Recent communications and agreements with North American partners have led to a surge in orders and confirmations for T-chain companies, indicating strong market interest [3][5]. Emerging Technologies and Opportunities - The article highlights the importance of new technologies such as GaN (Gallium Nitride) and other innovations that are gaining traction in December, with several companies experiencing notable stock performance [9][10]. - The focus on new materials and technologies, including ceramics and integrated sensors, is expected to drive further interest and investment in the T-chain sector [10]. Market Sentiment and Future Outlook - The T-chain sector is currently experiencing a major upward trend, with expectations for continued growth leading into 2026 as more positive developments are anticipated [11]. - The article emphasizes the need for ongoing monitoring of key T-chain companies and their developments, as the market is expected to evolve rapidly with new opportunities emerging [10][12].

Core Insights - The robot industry is experiencing significant growth, highlighted by the acquisition of 43% stake in Fenglong Co. by UBTECH Robotics for RMB 1.665 billion, marking a strategic move to strengthen its production capabilities [1] - The year 2025 is seen as a pivotal moment for the robot industry, transitioning from storytelling to tangible results, with a surge in capital inflow and technological advancements [2] Financing Trends - The financing landscape for the robot sector has been robust, with domestic startups raising approximately RMB 50 billion in the first three quarters of 2025, a 2.5-fold increase compared to the same period last year [3] - The secondary market is also thriving, with multiple companies from the robot industry successfully listing on the Hong Kong Stock Exchange, creating a vibrant atmosphere of new listings and applications [4] Market Performance - The Hong Kong market has seen over ten robot-related companies listed, establishing a capital structure where leading firms drive innovation while mid-tier and supporting companies collaborate [5] - Notable stock performance includes companies like Gangzi Robotics and Huahong Semiconductor, with stock prices increasing over 200% year-to-date [6] Policy and Market Drivers - The rise in listings is supported by favorable policies from the Hong Kong Stock Exchange, which has opened doors for technology-intensive robot companies [7] - Efficient review processes and high demand from international investors have further enhanced the attractiveness of the Hong Kong market for robot companies [7] Technological Advancements - The robot industry is shifting towards a deep integration of hardware, software, and AI, moving beyond simple automation to intelligent decision-making capabilities [8] - Key components such as reducers and servo motors are seeing breakthroughs, with domestic companies capturing over 40% of the global market share in critical areas [9] Commercialization Milestones - 2025 is recognized as a critical turning point for the commercialization of robots, with significant orders and projects validating the industry's capabilities [10] - Major contracts, such as a RMB 1.2 billion order from China Mobile, highlight the growing acceptance of robots in commercial applications [11] Future Outlook - The robot industry is poised for expansive growth, driven by increasing demand for intelligent manufacturing and the integration of AI technologies [12] - However, challenges remain, including the need for improvements in core component precision and the competitive landscape with international players [15]

Group 1 - NetEase-S (09999) rose over 6.5% after the announcement of the anniversary version of "Yanyun Sixteen Sounds" launching on December 27, 2025, which topped the iOS game sales chart. Huatai Securities previously indicated that the first-year revenue could reach 20-30 billion [1] - Commercial aerospace concept stocks surged, with Asia Pacific Satellite (01045) up 31.29%, Aerospace Holdings (00031) up 20%, and Goldwind Technology (02208) up 18.27%. Blue Arrow Aerospace's IPO application was accepted, marking it as the first company to be accepted under the new listing standards since the expansion [1] - Li Auto-W (02015) increased over 5.6% after reporting 44,246 vehicle deliveries in December 2025, totaling 109,194 for Q4. By December 31, 2025, cumulative deliveries reached 1,540,215, making it the first new force brand to achieve the 1.5 million delivery milestone [1] Group 2 - Hua Hong Semiconductor (01347) surged over 11% after announcing plans to acquire 97.4988% of Huali Micro's shares and raise funds through a stock issuance to specific investors [2] - Skyworth Group (00751) rose over 10% following the signing of a 10MW distributed photovoltaic power station project in Italy, marking a significant step in its overseas market expansion [2] - Baidu Group-SW (09888) increased over 8.1%, with a cumulative rise of over 15% this week, after announcing the submission of a listing application for Kunlun Chip on the Hong Kong Stock Exchange [2] Group 3 - SaaS concept stocks saw significant gains, with Lion Holding (02562) up 16.48%, Kingdee International (00268) up 7.22%, and Huily Technology (01860) up 4.52%. Meta announced a multi-billion dollar acquisition of the AI product developer Manus [3] - Xirui (02507) rose nearly 10% following the release of the U.S. Department of Transportation's strategic plans aimed at advancing the future of aviation [3] Group 4 - Meitu Company (01357) increased over 5.7% after announcing a $250 million convertible bond issuance to Alibaba, which could result in Alibaba holding 6.82% of Meitu's shares, making it the third-largest shareholder [4] Group 5 - Bitcoin surpassed $88,000, leading to a rise in some cryptocurrency mining stocks, including TeraWulf (WULF.US) up 3.05% and Applied Digital (APLD.US) up 1.83% [5] - Mindonghong (ORIS.US) surged 22.13% after signing a non-binding letter of intent to acquire Hubei Daguan Tea Industry Group, aiming to strengthen upstream supply control [5] - Wanda Biopharmaceuticals (VNDA.US) rose 25.46% after announcing FDA approval for its new drug Nereus, intended for preventing exercise-induced vomiting [5] Group 6 - Storage concept stocks fell, with SanDisk (SNDK.US) down 1.18%, Western Digital (WDC.US) down 2.15%, and Micron Technology (MU.US) down 2.47% [6] - Corcep Medical (CORT.US) plummeted 50.42% after receiving a complete response letter from the FDA regarding its new drug application for Relacorilant [6] - TSMC (TSM.US) rose 1.44% as Nvidia is negotiating new orders for its H200 chip, with TSMC expected to expand capacity by Q2 2026 [6] Group 7 - New energy vehicle stocks declined, with Tesla (TSLA.US) down 1.04%, NIO (NIO.US) down 7.27%, and Li Auto (LI.US) down 1.97% [7] - Pony.ai (PONY.US) fell 0.96% despite announcing that its Robotaxi fleet exceeded 1,159 vehicles, surpassing its 1,000 vehicle target for 2025 [7]

Group 1 - The robotics sector is experiencing a rise, with companies like Lijiang Technology (00558) up 6.04% to HKD 3.51, Sanhua Intelligent Control (02050) up 5.27% to HKD 40.34, and others showing significant gains [1] - Recent rumors indicate that suppliers are visiting North America, suggesting that Tesla's Optimus project is nearing contract awards, leading to increased market activity [1] - Galaxy Securities forecasts that Tesla's third-generation Optimus robot will be released in 2026, with mass production expected to reach tens of thousands of units next year, as industry communication intensifies around production, pricing, and factory audits [1] Group 2 - Tesla's robots are seen as a benchmark for the humanoid robot industry, with their progress being a major catalyst for investment in this sector [1] - In November, Elon Musk's compensation incentive plan was approved, with performance targets including the delivery of 1 million Optimus robots, indicating a strong commitment to mass production [1] - The successful mass production of Tesla robots is believed to rely on domestic supply chains, prompting recommendations to closely monitor companies deeply involved in the Tesla robot project and those with mass production capabilities [1]

记者丨林典驰 编辑丨朱益民 作为国内最早押注人形机器人赛道的"长期主义者"，当行业在2025年突然被资本与政策点燃，周剑和他的优必选却选择踩下"理性油门"，从工业制造的实 训入手，连同客户解决真实需求，主动收缩初期泛化需求，聚焦搬运、分拣、质检三个工位。 "这三类工位是我们认为存在着人员流失高、管理难度大、工作重复性强、工位相对结构化等特点，不仅是客户迫切需要人形机器人提供能力协同的领 域，也是人形机器人现阶段更适合发挥能力的领域。"优必选科技创始人、董事会主席兼CEO周剑在接受21世纪经济报道专访时谈到。 简而言之，人形机器人不是用来表演的，是要进工厂、干实事、被客户真金白银买单的。 "尽管行业在加速，但机器人走进千家万户仍需5~10年。"周剑认为，企业须构建可持续商业模式，在资本热潮退去后仍能"储粮过冬"，真正以解决实际问 题而非炫技为导向，方能催生新质生产力。 12月26日，优必选第1000台工业人形机器人Walker S2下线，下线仪式现场，超200台Walker S2组成气势恢宏的方阵。 后续这些机器人将交付到各地，投入产业一线应用，覆盖汽车制造、智能制造、智慧物流、具身智能数据中心等重点领域。 2 ...

Group 1 - The Hong Kong stock market is experiencing a rise in the robotics sector, with several companies showing significant gains [1] - Lijian Technology (00558.HK) increased by 6.04%, reaching HKD 3.51 [1] - Sanhua Intelligent Control (02050.HK) rose by 5.27%, reaching HKD 40.34 [1] - DCH Holdings (00179.HK) saw an increase of 4.1%, reaching HKD 30.94 [1] - UBTECH (09880.HK) gained 2.45%, reaching HKD 129.4 [1]

Core Viewpoint - The robotics sector is experiencing a significant rise, driven by market anticipation of Tesla's Optimus robot, with several companies in the industry seeing notable stock price increases [1] Group 1: Stock Performance - LKE Technology (00558) increased by 6.04%, trading at HKD 3.51 [1] - Sanhua Intelligent Control (002050) (02050) rose by 5.27%, trading at HKD 40.34 [1] - Delta Electronics (00179) saw a 4.1% increase, trading at HKD 30.94 [1] - UBTECH Robotics (09880) grew by 2.45%, trading at HKD 129.4 [1] Group 2: Market Developments - Recent rumors indicate that suppliers are visiting North America, suggesting that Tesla's Optimus project is nearing contract awards, leading to market excitement [1] - Galaxy Securities released a report predicting that Tesla's third-generation Optimus robot will be launched in 2026, with mass production expected to reach tens of thousands of units next year [1] - Increased communication within the supply chain is noted, with key events related to mass production, pricing, and factory audits approaching [1] Group 3: Investment Insights - Tesla's robot is viewed as a benchmark for the humanoid robot industry, with its progress being a major catalyst for investment in this sector [1] - Elon Musk's compensation plan, approved in November, includes performance targets such as delivering 1 million units of the Optimus robot [1] - The report emphasizes that the mass production of Tesla's robots will rely on domestic supply chains, recommending a focus on companies that are deeply involved in the Tesla robot project and have mass production capabilities [1]

Core Viewpoint - Company has successfully launched its 1000th industrial humanoid robot, Walker S2, marking a significant milestone in its production capabilities and commitment to practical applications in various industries [1][5][7] Production and Delivery - The company has achieved an annual production capacity of over 1000 units and plans to increase this to 10,000 units by 2026, with over 500 units delivered in the current year [1][5][6] - The Walker S series has become the most widely used humanoid robot in training across global automotive manufacturers [1][5] Market Strategy - The company focuses on three key operational areas: handling, sorting, and quality inspection, which are characterized by high employee turnover and repetitive tasks, making them ideal for humanoid robot integration [2][9] - The company emphasizes a sustainable business model that prioritizes solving real-world problems over mere technological showcase, aiming for long-term viability beyond current capital trends [2][8] Technological Advancements - Continuous investment in full-stack humanoid robot technology, including hardware control, AI, and visual servoing, has enabled the development of intelligent capabilities in robots [5][6] - The introduction of group intelligence technology allows for collaborative operation among humanoid robots, significantly enhancing efficiency and adaptability in real-world scenarios [10][12] Industry Context - The humanoid robot market is projected to grow significantly, with potential market sizes reaching hundreds of billions or even trillions, particularly in industrial manufacturing [18] - The company recognizes the importance of real physical data in training and operational success, advocating for a combination of simulation and real-world data to ensure reliability [16] Cost Management - The company aims to reduce production costs by 20%-30% as it scales up to mass production, targeting a cost of under $20,000 per unit at the 10,000-unit production level [15][13] - The current cost structure is influenced by technological maturity, application scenarios, and supply chain advancements, with a focus on optimizing design and manufacturing processes [13][14]

论坛同期发布了"2025人民匠心品牌"和"2025建设金融强国创新实践"案例。 （文章来源：人民日报） 本报北京1月1日电 （人民网记者孙阳、栗翘楚）2025年12月30日，由人民网主办的"2025人民财经论 坛"在京举行。本次论坛以"乘势而上开新局"为主题，中央财经委员会办公室副主任徐冬宁、自然资源 部副部长周星参加论坛并发言，人民日报社副社长兼人民网董事长叶蓁蓁致辞。 论坛上，来自国家统计局、国家发展改革委宏观经济研究院、中国质量认证中心、中国消费者协会的嘉 宾和来自中国大唐、奥克斯空调、元气森林、优必选、卡游等企业的代表分享了实践经验和观察思考。 参会人士表示，中国经济顶压前行、向新向优发展，展现强大韧性和活力，为"十五五"开好局、起好步 奠定基础。接下来，要以扩大内需激活增长潜力、以科技创新驱动产业升级，共同凝聚推动高质量发 展、推进中国式现代化的强大合力。 ...