Core Insights - The 2026 Spring Festival Gala showcased various robotics companies, highlighting their latest technological achievements and stimulating the consumer robotics market [1][3] - Significant increases in user engagement and sales for robotics products were reported during the festival period, indicating a growing interest in robotics [3][7] Robotics Market Growth - User visits for robotics products on JD.com increased over four times year-on-year from New Year's Eve to the fifth day of the new year, with a 25-fold increase in users searching for "robot" [1][3] - The demand for robot rentals surged, with the rental platform Qingtian expected to exceed 5,000 orders during the Spring Festival [1][3] Company Highlights - Yushutech showcased its Unitree H2 robot performing martial arts, demonstrating advanced capabilities in high-difficulty movements and real-time collaborative control [1][4] - Songyan Power introduced its consumer humanoid robot, Xiaobumi, which is aimed at family applications and is expected to accelerate overseas market expansion [5][6] - Magic Atom's panda-shaped robot was launched during the festival, emphasizing its appeal in the cultural and tourism sectors [6] Technological Advancements - Yushutech's robots utilize a high-concurrency cluster control system and AI algorithms combined with 3D laser radar for precise positioning during dynamic movements [4] - The robotics industry is transitioning from experimental concepts to feasible technologies and mass production, driven by advancements in key technologies [3][7] Commercialization Efforts - The Spring Festival Gala is seen as a pivotal moment for the commercialization of robotics, with companies aiming to enhance public awareness and acceptance of robotic products [7] - The industry anticipates a shift in focus towards commercial exploration in various application scenarios in 2026, following the expected mass production of intelligent robots [7]

● 本报记者郑萃颖 姜哲源表示，仿生机器人的难点在于让面部动态、神态像人，尤其是口型像人。硬件方面要考虑内部牵 拉结构设计，以及皮肤材料的可靠性、稳定性；算法方面则要保证口型和声音一致。 松延动力在铂金硅胶中添加高分子材料，增强了仿生人脸的拉伸自然度与耐久性，还通过高紧凑型驱动 设计，在一个仿生人脸内部放入了32个驱动电机，仅嘴部就有12个。 姜哲源表示，"仿生机器人最大价值在于能给人提供新奇的体验，同时更有亲和力。"2025年，松延动力 已将仿生人脸产品送入商业导览等多个场景中，同时完成了面部制成技术的流程标准化以及产品的耐久 测试，目前已可实现批量生产。 消费级机器人小布米登台 2026年央视春晚，具身智能企业松延动力的所有机器人产品全部亮相，包括在2025年人形机器人半程马 拉松比赛中获得亚军的N2机器人，还有E1机器人、小布米、仿生机器人。春晚舞台上，这些机器人展 示了后空翻、侧手翻、舞蹈等技能，仿生机器人则与蔡明合作，参演小品，首次在语言类节目中展示机 器人与人的情感互动。 松延动力创始人、董事长姜哲源在接受中国证券报记者专访时表示，全球具身智能产业目前都处于初期 阶段，"就像马拉松刚跑了十米"。松 ...

● 本报记者 郑萃颖 2026年央视春晚，具身智能企业松延动力的所有机器人产品全部亮相，包括在2025年人形机器人半程马 拉松比赛中获得亚军的N2机器人，还有E1机器人、小布米、仿生机器人。春晚舞台上，这些机器人展 示了后空翻、侧手翻、舞蹈等技能，仿生机器人则与蔡明合作，参演小品，首次在语言类节目中展示机 器人与人的情感互动。 松延动力创始人、董事长姜哲源在接受中国证券报记者专访时表示，全球具身智能产业目前都处于初期 阶段，"就像马拉松刚跑了十米"。松延动力将以春晚为节点，为其首款万元级的消费级机器人小布米做 好交付准备，公司将首先瞄准家庭场景中的陪伴、教育等应用需求，未来再逐步拓展新场景，带动订单 和交付量增长。 筹备春晚舞台 春晚舞台上，松延动力旗下多款产品集中亮相，共同表演才艺。松延动力算法负责人谈到，将各种不同 的产品送入语言类节目，配合演员完成舞台调度，对机器人运控能力提出了更高要求。 为了保证播出效果，小品的取景范围比较小，留给机器人活动的范围大概只有12平方米左右，意味着机 器人需要在小空间内完成空翻、侧手翻等动作，这就需要机器人每完成一次动作都要十分精准地落在固 定点位上。 为了在春晚完成"零 ...

Core Insights - The 2026 Spring Festival Gala showcased various robotics companies, highlighting their latest technological advancements and significantly boosting the consumer robotics market [1][5] - JD.com reported a dramatic increase in user engagement with robotics products during the Spring Festival, with user visits up over 400% and searches for "robot" increasing by 2500% [2] - The demand for robot rentals surged, with the rental platform Qingtianzu expecting to exceed 5000 orders during the holiday period [2] Robotics Market Trends - The Spring Festival Gala served as a platform for robotics companies to demonstrate their products, with performances featuring advanced robotics technology [1][3] - Companies like Yushutech and Songyan Power showcased their robots in various performances, indicating a growing interest in robotics applications in entertainment and education [1][3] - The rental market for robots is experiencing a "volume and price increase" trend, driven by standardized scenarios like greetings and proposals, as well as complex, high-exposure demands [2] Company Developments - Yushutech introduced a high-concurrency cluster control system for its robots, enabling real-time coordination among multiple units, with a target shipment of 10,000 to 20,000 units for the year [3][4] - Songyan Power's new consumer humanoid robot, Xiaobumi, aims to cater to family needs, with plans for market expansion in North America, the Middle East, Europe, and Southeast Asia [4] - Galaxy General's Galbot robot is designed for retail environments, capable of performing various customer service tasks autonomously, with over 100 units deployed in major cities [4] Commercialization Efforts - The "Spring Festival effect" is seen as a pivotal moment for the commercialization of robotics, with companies aiming to enhance public awareness and acceptance of robotic products [5] - Analysts believe that the advancements in core robotic capabilities are crucial for transitioning robots from experimental stages to practical applications in factories and everyday life [5] - The year 2025 is anticipated to mark the beginning of mass production for embodied intelligent robots, with a shift in focus towards commercial exploration in 2026 [5]

● 本报记者 刘英杰 从2025年春晚的秧歌表演，到2026年春晚的后空翻、耍棍术，短短一年间，国产人形机器人的运动能力 与智能水平实现跨越式提升。Wind数据显示，万得香港人形机器人概念指数2月23日上涨1.93%。 分析人士认为，2026年春晚人形机器人的表演，不仅是国产链技术快速迭代的集中展示，更标志着产业 正从"0到1"的验证阶段迈向"1到10"的量产新篇章，人形机器人核心零部件及整机代工环节将迎来确定 性产业催化。 机器人硬核技术集中亮相 在春晚武术节目《武BOT》中，数十台人形机器人化身"功夫小子"，与河南塔沟武校学员同台献艺。这 群机器人不仅会跑酷、单腿连续空翻，还会和小朋友对练棍术、耍醉拳。据央视新闻报道，为了让机器 人在春晚舞台上挑战极限，宇树科技研发打磨了多个"全球首创"动作。宇树科技创始人王兴兴透露，团 队让机器人借助弹射器跳至2到3米高，在空中完成正反空翻后平稳落地；二十多台机器人的跑位速度相 对去年提升了5到10倍，能在快速奔跑中完成穿插变阵，这种高动态集群控制技术同样是全球首次亮 相。 松延动力的机器人在小品《奶奶的最爱》中与蔡明同台，甚至出现了1∶1复刻蔡明形象的仿生人形机器 人 ...

Group 1 - The 2026 Spring Festival Gala featured robots as main performers, showcasing the rapid development and competition in China's robotics industry [1][2] - The inclusion of robots in the gala serves dual purposes: showcasing technological advancements and providing effective marketing opportunities for robotics companies [2][3] - There are over 150 humanoid robot companies in China, with more than half being startups or companies entering the field from other industries [2] Group 2 - The transition from performance to practical application is crucial for the survival and growth of robotics companies, as market demand will ultimately dictate their success [3][4] - Current demonstrations of robots, such as dance and martial arts, are insufficient; the public is more interested in robots performing household tasks and physical labor [3][4] - Significant technical challenges remain in moving from controlled performance environments to dynamic real-world applications, including reducing error rates and enhancing functionality [4]

Core Insights - The stock prices of Tencent and Alibaba rose significantly during the Lunar New Year, reflecting strong market confidence in their AI capabilities and recent developments in large model applications [1][3] - The competition in the AI sector is intensifying, with both major and smaller companies launching new models and securing substantial funding [3][5] - The successful operation of AI infrastructure during the Spring Festival indicates a maturation of AI technology, shifting focus from performance showcases to practical applications in everyday life [1][4] Group 1: Market Performance - Tencent's stock increased by 3.07% to HKD 538, while Alibaba's stock rose by 3.47% to HKD 152.2 on February 23 [1][3] - Other AI companies like Zhiyu and MiniMax also saw significant stock price increases, with Zhiyu rising 42.7% to HKD 725 and MiniMax increasing 14.5% to HKD 970 [3] Group 2: Technological Developments - Zhiyu publicly addressed issues related to its GLM-5 model, offering refunds and clarifying technical details to maintain transparency [4] - The launch of Seedance 2.0 showcased advanced AI capabilities in generating multimedia content for the Spring Festival, highlighting the integration of AI in creative processes [12][15] Group 3: User Engagement and Application - Tencent's Yuanbao platform reported over 36 billion lottery draws and 10 billion AI tasks completed during the Spring Festival, indicating high user engagement [16][17] - ByteDance's AI interactions reached 1.9 billion, generating 50 million themed avatars and over 100 million New Year greetings, showcasing the widespread adoption of AI applications [18] Group 4: Competitive Landscape - Smaller AI firms are gaining traction, with MiniMax launching a new high-speed version of its model and securing significant funding, indicating a competitive environment beyond the major players [3][5] - The introduction of promotional activities by companies like Qianwen and the emphasis on social engagement strategies reflect a strategic shift towards enhancing user experience and market penetration [6][7]

兄弟们！春节9天长假即将过去，马年A股即将迎来首个交易日。马年A股首个交易日会怎么走？是涨是跌？ 首先来看，海外市场表现。港股在春节期间震荡震荡上行，涨幅近1%；富时A50震荡上行，涨幅1.6%。美股三大指数也整体呈现震荡上行的走势。 其次，春节期间，人形机器人、AI大模型、贵金属等大热点均有重磅利好，有望对市场形成强有力的支撑。 因此，总体情况来看，A股马年首个交易日在海外和六大重磅题材合力加持下迎来高开。若维持小幅低开折呈现震荡上行的走势，若是高开太多则存在高开 低走的风险。 值得注意的是，除夕当晚10点，京东也上架了包括"春晚同款"机器人在内的多款机器人。在活动上线几分钟内，包括魔法原子、宇树科技、松延动力等品牌 的机器人即被抢购一空。其中，两台价值近63万元的GALBOT通用机器人G1，同样瞬间被抢购一空。 现在把春节9天长假6六大资金重点青睐的题材梳理出来，供大家参考。 事件1：人形机器人—四大机器人集体亮相春晚，完成全球首次全自主集群表演，利好四大人形机器人产业链。 魔法原子：2026春晚首家亮相的机器人企业，在开场歌舞《智造未来》中登场，MagicBot 系列完成精准团体舞步，Magic Dog ...

春节假期落幕，A股市场即将迎来节后交易窗口。但在2026年春节假期（2月15日-2月23日）期间，全球资本市场并未休憩。在地缘政治博弈、货币政策 预期与产业技术变革的多重交织下，港股、美股、大宗商品市场均出现显著异动，为节后A股投资布局提供了重要参考。 港股先抑后扬，科技成最大亮点 作为A股节后行情的重要风向标，港股市场在春节期间经历了"先抑后扬"的波动轨迹。恒生指数区间累计上涨1.94%，恒生中国企业指数上涨1.82%，恒生 科技指数微涨0.47%。 | 序号 | 证券代码 | 证券简称 区间涨跌幅 | | | --- | --- | --- | --- | | | | | ［区间首日］2026-02-15 | | | | | [区间尾日] 2026-02-23 | | | | [单位] % | | | 1 | HXC.GI | 纳斯达克中国金龙指数 | -0.5530 | | 2 | HSI.HI | 恒生指数 | 1.9377 | | 3 | HSCEI.HI | 恒生中国企业指数 | 1.8230 | | ব | HSTECH.HI | 恒生科技 | 0.4651 | | 5 | : DJI.GI | ...

【导读】回顾假期大事，汇总十大券商研判 中国基金报记者 泰勒 大家好，马上就要开盘了！今晚一起"盘一盘"春节期间的大事，以及看看券商分析师们的最新研判！ 春节期间大事 1．史诗级利好，美国最高法院裁定特朗普政府大规模关税政策违法 美国最高法院裁定特朗普政府大规模关税政策违法。随后特朗普宣布，即刻起对所有进入美国的进口商 品征收15%的新全球关税。 为了征收这项新关税，特朗普诉诸1974年《贸易法》（Trade Act of 1974）里第122条这一法律工具。总 体而言，这项此前从未用于关税的条款允许美国总统征收最高15%的关税，关税只能维持150天，除非 国会批准延长，而贸易专家称延期可能很难获批。 贸易专家表示，鉴于时间限制，美国政府或许能在短期内利用该条款增加收入。目前，该法条为特朗普 团队争取了时间，让他们可以利用其他法律手段制定更具针对性的关税策略。 2．商务部：中方敦促美方取消对贸易伙伴加征的有关单边关税措施 商务部新闻发言人表示，我们注意到美国最高法院公布关税诉讼案裁决结果，正在对相关内容和影响进 行全面评估。我们也注意到，美方正在准备采取贸易调查等替代措施，以期维持对贸易伙伴加征的关 税，中方 ...