格隆汇12月11日丨拓邦股份(002139.SZ)在互动平台表示，公司深耕电机技术多年，电机已批量应用于 新能源汽车和机器人行业。车载电机应用主要为激光雷达、智能座舱执行器产品以及热管理系统；目前 与智驾Tier1客户深入绑定，同时拓展多家国内头部车企的业务合作，该部分业务增速较快。其中，热 管理系统电机与激光雷达电机均已累计量产交付过百万台；工业机器人等机器人领域电机已实现成熟量 产。 ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 买方营业部 (万元) | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | | | | 2025-12-09 | 002139 | 拓邦股份 | 12.49 | 60.00 | 749.40 中信建投证券股份 | 中信建投证券股份 | | | | | | | 有限公司深圳深南 | 有限公司深圳滨海 | | | | | | | 中路证券营业部 | 大道证券营业部 | 12月9日，拓邦股份大宗交易成交60万股，成交额749.4万元，占当日总成交额的2.6%，成交价12.49元，较市场收盘价13.59 元折价8.09%。 ...

证券日报网讯12月5日，拓邦股份（002139）在互动平台回答投资者提问时表示，炒菜机器人上半年市 场反馈积极，销量及收入快速增长，市场认可度持续提升。 ...

Core Viewpoint - The company,拓邦股份, is currently in the process of expanding into new business areas, which involves multiple stages including market validation, market expansion, scaling up, and stabilizing market share [1] Group 1: New Business Development - The company’s new business revenue is undergoing various stages, with current activities primarily in the market expansion phase [1] - The robot business, particularly the lawn mower segment, is in the early stages of market promotion [1] - The cooking robot has achieved market breakthroughs, showing low base figures but rapid growth [1] Group 2: Energy Storage and Robotics - The energy storage business is focused on brand expansion and market share acquisition [1] - Humanoid robot components, such as dexterous hands and modules, are still in the early product validation phase as part of a long-term strategy [1] - The company's brushless DC motors have achieved mass application in the laser radar field [1] Group 3: Future Strategies - The company plans to increase efforts in market promotion for new businesses and optimize sales channel layouts [1] - There will be a focus on deepening core technology applications in new scenarios to accelerate the scaling of new business and gradually increase its revenue share [1]

Core Insights - ByteDance has launched the Doubao mobile assistant and stated that it will not develop its own smartphone, instead collaborating with multiple manufacturers to enhance the integration of the mobile assistant at the operating system level [1][2] - The release of AI products by Alibaba and Huawei indicates a trend where AI is penetrating deeply into operating systems and terminal hardware, creating opportunities for development in AI interaction modes and the industry chain [1][4] Group 1: ByteDance's Doubao Mobile Assistant - ByteDance released the Doubao mobile assistant on December 1, 2025, along with a limited number of AI engineering prototypes supported by ZTE's Nubia M153, priced at 3499 yuan, featuring a 6.78-inch LTPO screen and powered by the Qualcomm Snapdragon 8 Gen 2 platform with 16GB RAM and 512GB storage [2] - The Doubao mobile assistant transitions from application-level to operating system-level, allowing for deep integration of multimodal inputs and cross-application workflows, enabling complex task automation and device-level resource invocation [3] Group 2: Industry Developments - Alibaba launched the Quark AI glasses on November 27, featuring six products across two series, integrating the latest Qianwen AI assistant, marking its first attempt to extend its self-developed AI model beyond smartphones [4] - Huawei introduced the "Smart Hanhai" emotional companion AI toy on November 28, priced at 399 yuan, which connects with Huawei's "Xiao Yi" model and enhances its ecosystem through interactive features [4] Group 3: Investment Opportunities - The emergence of the Doubao mobile assistant, Quark AI glasses, and Huawei's AI toy is expected to reshape AI interaction modes at the device level, accelerating the adoption of AI applications and driving demand for edge AI [5] - Recommended stocks include ZTE Corporation and Guanghe Communications, with beneficiaries including Quectel Wireless Solutions, Megmeet, Espressif Systems, Hezhong Technology, Topband, Wangsu Science & Technology, Yealink Network Technology, and Huichang Communications [5]

Group 1: Market Performance - On December 1, the A-share market experienced a rebound, with the computer and chip sectors rising significantly. The CSI Computer Theme Index increased by 1.28%, with notable gains from companies like Runze Technology (over 6% increase) and others like Tuobang Co., Hongsoft Technology, and Zhongke Chuangda (each over 3% increase) [1] - The CSI Chip Industry Index rose by 1.97%, with Beijing Junzheng hitting the daily limit, and companies like China Resources Microelectronics, Nanda Optoelectronics, and Amlogic showing strong performance [1] - The Computer ETF (159998) saw a net inflow of over 60 million yuan in the last five trading days, while the Chip ETF Tianhong (159310) had a net inflow rate of 3.60% over the past 20 trading days, leading among similar products [1] Group 2: Industry Outlook - The Tianhong Chip ETF (159310) tracks the CSI Chip Industry Index, which is expected to see a 37.62% year-on-year growth in net profit attributable to shareholders in the first half of 2025, driven by policy support and surging demand [1] - The Computer ETF (159998) reflects the overall performance of the computer industry, covering software development, computer equipment, and IT services. Key AI application areas include AI hardware, software for consumer markets, enterprise services, and private deployment of large models for government [1] - According to reports, ByteDance's Doubao team has released a technical preview of the Doubao Phone Assistant, collaborating with phone manufacturers on AI assistant software, indicating a growing trend in AI integration within consumer electronics [2] - The "Beijing Action Plan for Promoting High-Quality Development of the 'AI + Audiovisual' Industry (2025-2029)" aims to leverage Beijing's cultural and AI advantages for the development of the audiovisual industry, highlighting the intersection of AI and cultural initiatives [2] - Looking ahead to December, the industry is advised to focus on "policy expectations and cross-year layouts," with recommendations to invest in AI and hard technology sectors, particularly in core areas like optical modules, consumer electronics, and semiconductor equipment [2]

【市场复盘】 本周一 （12月1日），科创人工智能ETF华夏（589010）收盘上涨1.63%。在经历早盘的短暂下探后， ETF迅速收复失地并站稳分时均线。持仓股方面多点开花，乐鑫科技强势领涨超8%，晶晨股份、复旦 微电等核心权重股涨幅均超4%，有效提振了板块情绪。流动性方面，全天成交额突破1.67亿元，交投 十分活跃。值得关注的是，该ETF获得超1亿元的巨额资金净流入，显示出主力资金对人工智能赛道长 期价值的坚定认可。机器人ETF(562500) 表现强势，全天走势稳健，最终以1.26%的涨幅收于日内最高 点0.961元，一举修复早盘微跌情绪。持仓股方面，多头氛围浓厚，超八成个股飘红，固高科技大涨超 6%领跑板块，拓邦股份、均普智能涨幅超4%。流动性方面，全天成交额突破9.2亿元，资金博弈激烈但 承接有序，显示出市场对机器人赛道在震荡行情中依旧保持高度的配置热情。 开源证券认为，把握人形机器人 "从技术验证到商业化落地" 关键期，优先布局具备技术优势、生态优 势和资本化提速的头部整机企业。 （文章来源：每日经济新闻） 2. 近日，宇树科技股份有限公司申请的"GAMEBOT"商标注册成功，国际分类为42类设计 ...

Group 1 - The Robot ETF (562500) has shown resilience with a 0.74% increase, maintaining a position above the average line after a morning dip, indicating strong market performance [1] - Over 70% of the component stocks are in the green, with notable gains from companies like Gokong Technology (5.80% increase), Junwei Intelligent, and Tuobang Co., both rising over 3% [1] - The trading volume exceeded 645 million yuan, reflecting high market activity and liquidity [1] Group 2 - Yushutech Co., Ltd. successfully registered the "GAMEBOT" trademark, focusing on AI research and robotic process automation technology [1] - Open Source Securities noted that leading companies are accelerating capital actions, driving collaborative development across the entire industry chain [1] - Since 2024, five companies, including UBTECH and Yujian Technology, have listed on the Hong Kong Stock Exchange, with 28 robot companies applying for listing between January and October 2025, most being technology-driven and unprofitable, highlighting long-term value recognition of technological barriers [1] - The acceleration of capitalization in the secondary market broadens financing channels for companies, aiding in increased R&D investment and capacity building, while also promoting resource integration across the industry chain [1] Group 3 - The Robot ETF (562500) is the only robot-themed ETF in the market with a scale exceeding 20 billion yuan, covering various segments such as humanoid robots, industrial robots, and service robots [2] - The ETF provides investors with a streamlined way to invest in the upstream, midstream, and downstream sectors of the robotics industry [2]

Core Insights - The cloud computing ETF Tianhong (517390) has seen significant trading activity, with a transaction volume of 9.2486 million yuan as of December 1, 2025, and a strong increase of 1.95% in the underlying index [1] - Over the past three months, the cloud computing ETF has experienced a growth of 10.7941 million yuan, indicating robust performance [2] - The computer ETF (159998) has also shown strong performance, with a transaction volume of 33.9312 million yuan and a 1.09% increase in its index [2] - The computer ETF has seen a net inflow of 60.0457 million yuan over the last five trading days, with inflows on four out of five days [4] Product Highlights - The cloud computing ETF (517390) is positioned to capture opportunities in AI-driven cloud computing, covering leading companies across the A+H market [5] - The computer ETF (159998) focuses on hard technology sectors, including software, hardware, and cloud computing, aligning with trends in the digital economy and AI development [5] Related Events - The launch of the Torch-MUSAv2.7.0 by Moore Threads enhances AI training capabilities with over 1,050 dedicated operators, showcasing the company's commitment to rapid iteration and ecosystem development [8] - Beijing has released an action plan for the development of "AI + audiovisual" industry models from 2025 to 2029, emphasizing the integration of AI technology with the audiovisual sector [9] Institutional Perspectives - Morgan Stanley highlights the positive demand for AI applications and the rapid rise of domestic computing power, indicating a clear development trend in China's AI sector [10] - CITIC Securities emphasizes the importance of continuous investment in computing infrastructure to support the rapid development of AI large models and applications [11]

Group 1 - The A-share market indices opened high and continued to rise, with the Robot ETF (562360) showing a slight increase of 0.58% and a premium rate of 0.04% [1] - The Robot ETF tracks the CSI Robot Index, which includes stocks from system solution providers, digital workshop and production line integrators, automation equipment manufacturers, and related companies [1] - According to Huafu Securities, UBTECH successfully won a bid for a humanoid robot data collection and training center project in Jiangxi, with a contract value of 143 million yuan [1] Group 2 - UBTECH's Walker series humanoid robots have accumulated total orders of 1.3 billion yuan for the entire year of 2025, excluding certain models [1] - In November, UBTECH received orders of 159 million yuan, 264 million yuan, and 143 million yuan, with the 264 million yuan order setting a new global record for a single humanoid robot order [1] - According to Caitong Securities, the robot sector is expected to be a blue ocean, with 2026 likely to be the year of mass production, driven by key catalysts such as the release of Tesla's Optimus Generation 3 and the acceleration of domestic robot listings [2]