今日截至10点02分，机器人ETF（562500）上涨0.29%，早盘快速下探后被巨量买盘托起，目前已 成功翻红并站稳分时均线。持仓股方面，科瑞技术领涨3.95%，绿的谐波劲升3.40%，信捷电气、鸣志 电器等纷纷跟涨。最值得注意的是流动性方面，开盘仅30分钟成交额已突破4.60亿元，交投情绪异常火 爆，板块高景气度持续验证。 消息方面，在拉斯维加斯举行的国际消费电子展正式开幕前夕，由OpenAI投资和提供技术支持的 公司，推出名为"Neo"的家务人形机器人，售价高达2万美元，标志着家庭自动化进入新时代。Neo高约 168公分、重约30公斤，售价2万美元，或采用每月499美元、最低六个月合约的订阅模式，计划于今年 开始向美国消费者交付，明年扩展到其他市场。Neo由美国与挪威合资公司1X Technologies研制。 信达证券表示，在国内政策支持力度不断加大、国内企业布局加速下，我们持续看好人形机器人创 新突破下的机器人产业链机遇。 机器人ETF（562500） 是全市场唯一规模超两百亿的机器人主题ETF，成分股覆盖人形机器人、工 业机器人、服务机器人等多个细分领域，帮助投资者一键布局机器人上中下游产业链。场 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - Blue Arrow Aerospace's IPO has been accepted, indicating a potential boom in the domestic rocket launch market in 2026, with the company leading in the development of reusable rockets [7][21] - The report highlights the expected increase in the frequency of rocket launches, driven by advancements in reusable rocket technology and favorable conditions for commercial rocket companies to go public [21] - The robotics sector is anticipated to experience significant growth in Q1 2026, particularly influenced by Tesla's V3 release and mass production, with a focus on leading companies like Hengli Hydraulic [21] - The report identifies various segments within the machinery industry, noting differing trends: general machinery remains under pressure, engineering machinery is accelerating upward, while shipbuilding is stabilizing and oil service equipment is bottoming out [22][30][36][41] Summary by Sections 1. Stock Portfolio - Recommended stocks include Chaojie Co., Feiwo Technology, Guanglian Aviation, and Hengli Hydraulic [13] 2. Market Review - The SW Machinery Equipment Index rose by 1.32% over the last week, ranking 5th among 31 primary industry categories, while the CSI 300 Index fell by 0.59% [15] 3. Core Insights Update - Blue Arrow Aerospace's IPO acceptance is a significant indicator of the upcoming boom in the domestic rocket launch market, with substantial contracts already secured [21] - The report emphasizes the importance of high-frequency launches and the potential for commercial rocket companies to list publicly, creating investment opportunities in this sector [21] - The robotics industry is expected to see a strong market focus in early 2026, particularly with Tesla's developments impacting the supply chain [21] 4. Key Data Tracking 4.1 General Machinery - The general machinery sector is under continued pressure, with the manufacturing PMI recently rising to 50.1%, marking the first increase above the threshold in eight months [22] - Forklift sales in November 2025 reached 119,749 units, a year-on-year increase of 14.1% [22] 4.2 Engineering Machinery - The engineering machinery sector is experiencing an upward trend, with excavator sales in November 2025 totaling 20,027 units, a year-on-year increase of 13.9% [30] 4.3 Railway Equipment - The railway equipment sector shows steady growth, with fixed asset investment maintaining around 6% growth since 2025 [36] 4.4 Shipbuilding - The shipbuilding sector is stabilizing, with the global new ship price index at 184.33, indicating a slowdown in price declines [38] 4.5 Oil Service Equipment - The oil service equipment sector is stabilizing at the bottom, with high activity in natural gas development in the Middle East [41] 4.6 Industrial Gases - The report notes that declining raw material prices are improving steel profitability, which is expected to boost industrial gas demand [43] 4.7 Gas Turbines - The gas turbine sector is experiencing robust growth, with GEV reporting a 39% year-on-year increase in new orders for the first three quarters of 2025 [45][47]

消息方面，浙海德曼近日接待机构调研，各机构现场参观调研了海德曼沙门工厂机床业务以及具身 智能产业的进展。明年为五八智能整体规划了至少1万台的机器狗的产能。海德曼目前主营业务里的机 床设备每月有500台的产能，后面根据订单需求完全可以倾斜一部分产能到机器狗的专用设备上，可以 满足明年的产能需求。目前，海德曼也已经有人形机器人的订单，为合作的主机厂的人形机器人提供 OEM制造，也在积极推进机器人的应用与销售。 每日经济新闻 （责任编辑：董萍萍 ） 中信建投证券表示，人形机器人产业链融资持续活跃，技术研发与产能扩张成焦点。宇树科技已经 完成IPO辅导，满足IPO申报前置条件；松延动力宣布完成近2亿元Pre-B+轮融资，本轮融资由中金资本 领投，允泰资本、厚为资本跟投；星动纪元完成近10亿元A+轮融资，资金将用于大模型EAR-42的技术 迭代及落地应用。 机器人ETF（562500）是全市场唯一规模超两百亿的机器人主题ETF，成分股覆盖人形机器人、工 业机器人、服务机器人等多个细分领域，帮助投资者一键布局机器人上中下游产业链。场外联接（华夏 中证机器人ETF发起式联接A：018344；华夏中证机器人ETF发起式联接C ...

Core Viewpoint - Tianchuang Fashion (603608.SH) is undergoing a change in control, with Anhui Xianrui Investment Holding Co., Ltd. set to become the new controlling shareholder after signing a share transfer agreement with current shareholders [2][3] Group 1: Share Transfer Details - The share transfer involves a total of 83.73 million shares, representing 19.95% of the company's total equity, at a price of 7.5 yuan per share, totaling 628 million yuan [2][3] - After the transfer, Quanzhou Hetian's shareholding will decrease to 6.50%, and Gaochuang Limited's shareholding will decrease to 4.61%, while Anhui Xianrui will hold 19.95% [3] - The transfer does not constitute a related party transaction and does not trigger a mandatory tender offer [3] Group 2: Governance Changes - Following the share transfer, Tianchuang Fashion will complete a board of directors' re-election within 20 days after the disclosure of the 2026 semi-annual report [4] - The new board will consist of 7 directors, with Anhui Xianrui nominating 3 non-independent directors and 2 independent directors, while Quanzhou Hetian and Gaochuang Limited will nominate 1 independent director [4] - There are commitments from the current shareholders not to seek control of Tianchuang Fashion during the transition period [4] Group 3: Anhui Xianrui and Hu Xian Gen - Anhui Xianrui was established specifically for this equity change, with a registered capital of 150 million yuan, fully controlled by Cixing Group [5] - Hu Xian Gen, the founder of Cixing Group, is 80 years old and holds 81.85% of the group's shares [5] Group 4: Financial Background of Cixing Group - Cixing Group is a leading enterprise in the bearing industry, specializing in the R&D, production, and sales of precision transmission components, with annual revenue of approximately 2.8 billion yuan [6] - The company has a significant presence in the industrial robot core components sector and has established production bases in Mexico and Detroit, USA [6] Group 5: Financial Performance of Cixing Group - Cixing Group's financial performance over the past three years shows revenues of 1.497 billion yuan in 2022, 1.803 billion yuan in 2023, and projected revenues of 2.156 billion yuan in 2024 [7] - The net profit fluctuated from a loss of 28.04 million yuan in 2022 to a profit of 220 million yuan in 2024 [7] Group 6: Tianchuang Fashion's Financial Challenges - Tianchuang Fashion has faced declining revenue and profitability, with a reported revenue of 744 million yuan in the first three quarters of 2025, a year-on-year decrease of 7.12% [7]

【导读】汽车零部件、多元金融等板块表现活跃 中国基金报记者李智 一起来看下最新的市场情况及资讯。 12月25日上午，A股市场走势分化，截至午间收盘，沪指涨0.29%，深成指跌0.11%，创业板指跌 0.37%。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3952.50 13472.22 1460.60 +11.56 +0.29% -14.19 -0.11% +15.06 +1.04% | | | | 科创50 | 创业板指 | 万得全A | | 1344.45 -7.68 -0.57% -12.10 -0.37% +16.33 +0.26% | 3217.47 | 6388.02 | | 沪深300 | 中证500 | 中证A500 | | 4631.00 7375.81 | | 5618.23 | | -3.06 -0.07% +23.77 +0.32% -4.28 -4.28 -0.08% | | | | 中证1000 | 深证100 | 中证红利 | | 7548.12 | 5841.48 | 5485.90 | | +41.74 +0.56% -20.6 ...

【主编观市】 上周港股市场持续消化一些利空因素，如美国非农数据、日本央行将基准利率从0.50%上调25个基点至 0.75%，创下30年来的新高，后面在中金复牌对此之下呈现探底回升的态势。 本周后半段进入西方圣诞节假期休市，因此整体不太会有偏空的扰动。相反美联储主席遴选或在本周有 眉目，大多偏鸽对市场会正面提振。注意中国神华：拟购买国家能源集团及其全资子公司西部能源相关 资产，交易价格1335.98亿。因为要发行股份募集资金，这对市场资金面构成抽血压力，同时稀释股 权。 目前市场比较好的是热点终于呈现多元化态势，意味着情绪在开始回暖。 热点方向，商务部党组扩大会议：大力提振消费，扩大优质商品和服务供给，释放服务消费潜力，鼓励 更多文化企业和动漫、演艺、网文、网剧、网游等领域优秀文化产品走向世界。消费这块要结合海南自 贸封关题材，活跃度会更高一下。 SpaceX正就IPO与银行接洽，摩根士丹利是热门候选。长征12甲发射时间大概率本周会有定论。商业航 天是中美最新博弈方向，相关个股值得留意。 12月18日，王力宏成都演唱会引入6台宇树科技G1人形机器人伴舞《火力全开》，打造全球首个演唱会 机器人舞台，机器人精准卡点 ...

太平洋证券指出，年内行业内分化明显。整体而言，基础化工行业受机器人产业链、AI 算力对电子化 学材料需求提升等影响，表现明显好于市场；石油石化受油价中枢下移，景气度承压。2025年，资源品 受到广泛关注，钾肥、锂矿、磷矿石价格维持较好景气度；国内科技创新，大力发展新质生产力，机器 人产业链蓬勃发展，轻量化材料、改性塑料需求明显增加。展望2026年，继续看好稀缺资源品，以及与 新技术相关的化工新材料。 石化ETF（159731）及其联接基金（017855/017856）紧密跟踪中证石化产业指数，按照申万二级行业 来看，中证石化产业指数前三大行业分别为炼化及贸易（27.33%）、化学制品（22.04%）和农化制品 （21.98%）。"反内卷" 催化周期复苏，行业景气度有望持续上行。 （文章来源：每日经济新闻） 截至12月19日13:33，石化ETF（159731）现涨0.94%。持仓股中，藏格矿业、杭氧股份、恒逸石化等涨 幅居前。石化ETF最新规模达2.06亿元，创新高。 12月14日，天津中石化南港乙烯项目迎来首船进口原料。此次首船乙烷顺利到港，标志着项目原料供应 体系正式运转，也意味着项目在"十四五"收官、" ...

中新网广州12月17日电 (记者 程景伟)广东省人民政府新闻办公室17日在广州举行"'十四五'广东成就"佛 山专场新闻发布会，佛山市委常委、常务副市长刘杰在会上称，如今，佛山已建成全国最大的工业机器 人生产基地，机器人等四大产业集群入围全国中小企业特色产业集群。 作为国家制造业转型升级综合改革试点城市，佛山坚守"制造业当家"之本，加快产业科技互促双 强，"三箭齐发"推动传统产业"发新枝"、新兴产业"结硕果"、未来产业"育新苗"。目前，该市千亿级产 业集群共有10个，规上工业企业突破1万家。 据刘杰介绍，佛山鼓励重点科研平台紧贴产业需求开展研发，让技术更快地走向生产线、走向市场，这 在机器人领域表现尤为突出。该市产业基础好、应用场景多，近年来主攻工业机器人赛道，支持蓝橙实 验室建设重载机器人全国重点实验室，积极抢占产业技术制高点，实现了从"跟跑"到"并跑"甚至部 分"领跑"的转变。 "最近人形具身机器人很火热，佛山在人形具身机器人所需要的减速机、伺服系统等某些零部件方面， 在全国、全省也是领跑、领先。"刘杰表示，目前，佛山不仅有美的库卡、华数机器人等龙头企业引 领，还有3000多家中小机器人企业配套，形成了从核 ...

Group 1 - The core viewpoint is that the global oil market is expected to face significant oversupply pressure by 2026, but OPEC+ has slowed its production increase, and the dollar is in a rate-cutting cycle, which supports commodity prices, leading to a potential stabilization and slight rebound in oil prices [1] Group 2 - In 2025, the chemical industry showed significant internal differentiation, with the basic chemical industry benefiting from the demand for electronic chemical materials driven by the robotics industry and AI computing power, outperforming the market [2] - The oil and petrochemical sector faced pressure due to a decline in oil price levels, with the sector's year-to-date increase at 6.59% compared to a 32.16% increase in the basic chemical sector [3] Group 3 - As of December 12, 2025, 29 out of 31 primary industries saw increases, with the petrochemical sector up 6.59% and the basic chemical sector up 32.16%. Among 39 sub-industries, 38 increased, with potassium fertilizer (+85.87%) and inorganic salts (+81.78%) leading the gains, while refining saw a decline of -8.99% [3] - Resource products like potassium fertilizer, lithium ore, and phosphate rock maintained good market conditions, supported by domestic technological innovation and the booming robotics industry, which increased demand for lightweight materials and modified plastics [3] Group 4 - Energy and chemical product prices are expected to stabilize or slightly rebound, with WTI and Brent crude oil futures averaging $65.05 and $68.36 per barrel respectively in 2025, down from $76.10 and $80.11 in 2024 [4] - Natural gas prices have risen significantly, while coal prices have stabilized. The China chemical product price index has declined significantly, indicating weak demand, but recent signs of a bottoming out have emerged [4]

Investment Rating - The report gives a "Buy" rating for the covered company, with a target market value of 12.6 billion yuan, indicating a potential upside of 22% [6]. Core Views - The report suggests that the robotics industry chain companies have seen stock price adjustments, and recent breakthroughs by leading domestic companies could ignite market sentiment. It recommends focusing on technology-leading companies like Tesla and related robotics industry chain companies [2]. - The report highlights the importance of the domestic automotive market, with a notable increase in average daily retail sales of passenger cars in November, up 2% year-on-year and 19% month-on-month [2]. - The report emphasizes the potential growth in the PEEK market for humanoid robots, with significant advantages over metals, and the company's strategic partnerships to enhance its competitive position [5][6]. Industry Situation Update - The report notes that the average daily retail sales of passenger cars in the last week of November reached 126,000 units, a 2% increase year-on-year and a 19% increase compared to the previous month [2]. - The report indicates that traditional and new energy raw material price indices have risen recently, with increases of 0.9% and 2.1% for traditional car materials, and 0.9% and 2.8% for new energy vehicle materials [2]. - The total transaction value of the automotive industry for the week was 421.314 billion yuan, reflecting a 4.56% increase week-on-week [2]. Investment Analysis - The report recommends focusing on domestic strong alpha manufacturers such as NIO, Xiaomi, Xpeng, and Li Auto, as well as companies with strong performance growth and robotics layout capabilities [2]. - It highlights the importance of the central state-owned enterprise reform, suggesting continued attention to companies like SAIC and Dongfeng [2]. - The report identifies key companies in the robotics and automotive parts sectors, recommending companies like Xingyu, Fuyao Glass, and others for their strong performance growth and overseas expansion capabilities [2]. Key Events - The report reviews significant events, including the potential introduction of a U.S. government administrative order to support the robotics industry, which could accelerate development in the sector [10][11]. - It mentions the adjustment of the new energy vehicle purchase tax policy, which will be halved starting in 2026, prompting various car manufacturers to introduce compensatory measures for consumers [12][13]. - The report highlights the establishment of a joint research center between Tsinghua University and a company to focus on next-generation battery technology [32].