南方财经 21世纪经济报道记者 张伟泽 香港、深圳报道 在深圳龙华区的一间办公室里，29岁的留形科技创始人兼CEO秦佑铭正在向记者展示一个巴掌大小的黑色模组。这个看似普通的设备，却能让机 器人瞬间拥有"空间记忆"——知道自己在哪里，周围有什么，该往哪里走。 这就是留形科技于今年6月推出的Odin1空间记忆模组，售价不到7000元，却能解决困扰机器人行业多年的核心痛点——空间感知能力。 虽然当前机器人的机动性能已相当成熟，但在完成诸如下楼取快递等基础性工作方面仍难以实现。秦佑铭分析，这主要源于机器人在感知与理解 空间能力上的局限，也是当前机器人发展面临的主要瓶颈之一。 从冠军算法到千元级突破 秦佑铭的创业故事始于香港大学一个有着不同寻常起点的实验室。"我们最初被分配到的地方，是港大一个闲置了几十年的锅炉房。"秦佑铭回忆 道，"我们需要一点一点地测绘整个空间，搬出大铁炉，重新布置家具，布置实验室本身就像一次创业。" （原标题：港大锅炉房走出的创业者，用千元模组撬动机器人百亿市场） 首先是香港特区政府发展局在2017年发出技术通告，规定自2018年起，所有预算超过3000万港元的政府基本工程项目，其设计和建造都必须 ...

Core Insights - The Macau SAR government and Alibaba's Gaode have launched a strategic partnership to create an immersive digital twin tourism platform called "One-Click Smart Tour of Macau" [1][5] - The initiative aims to enhance the tourism experience in Macau, which has seen a 14.1% year-on-year increase in inbound travelers, reaching 33 million from January to October 2025, with over 70% being from mainland China [1][4] Group 1: Digital Twin Technology - The "One-Click Smart Tour of Macau" allows users to explore Macau in a 360-degree immersive view using Gaode's spatial intelligence technology, creating a vivid digital twin model of the region [2] - The platform includes an AI assistant that generates personalized itineraries covering attractions, dining, transportation, and activities, enabling users to book hotels, purchase meals, and buy tickets directly [2] Group 2: Local Business Support - The Macau government aims to enhance the tourism and leisure industry by integrating various sectors, including food, exhibitions, and sports, to attract international visitors [4] - Gaode will support local taxi services and help tourists discover authentic local cuisine and cultural spots through the "Street Ranking" feature, enhancing the local experience [3][4] Group 3: Future Collaboration - The partnership will continue to evolve, with plans for a series of official tourism-themed events and exclusive offers to improve visitor satisfaction and engagement [5]

Core Insights - The Macau SAR government and Alibaba's Gaode have launched a strategic partnership to create an immersive digital twin tourism platform called "One-Click Smart Tour of Macau" [1][5] - Macau's tourism sector is experiencing growth, with inbound travelers reaching 33 million from January to October 2025, a 14.1% increase year-on-year, with over 70% of visitors coming from mainland China [1][4] - Gaode has become a key travel platform for visitors to Macau, with a significant increase in user numbers over the past three years [1][4] Group 1: Digital Tourism Platform - The "One-Click Smart Tour of Macau" allows users to access personalized and immersive travel experiences through the Gaode app [1][2] - The platform features a 360-degree immersive view of Macau and integrates AI to generate personalized itineraries covering attractions, dining, transportation, and activities [2] Group 2: Local Integration and Support - Gaode supports local taxi-hailing services, enabling visitors to use the app without needing to download new applications or change phone numbers [3] - The partnership aims to create a "Street Food List" to help tourists discover local cuisine and cultural spots, enhancing their experience of Macau's diverse culture [3][4] Group 3: Future Collaboration and Development - The Macau SAR government and Gaode plan to deepen their collaboration by organizing official tourism events and exclusive offers to enhance visitor satisfaction [5] - The initiative aligns with Macau's policy to enhance its tourism and leisure industry, promoting cross-industry integration and expanding international visitor sources [4]

Core Insights - The core viewpoint of the article highlights the rapid growth of Teslin, a leading AIoT company in China, driven by the increasing demand for AI computing infrastructure and the company's strategic focus on space intelligence [1][2][3]. Financial Performance - Teslin's revenue for 2022, 2023, and 2024 is reported at 738 million, 1.006 billion, and 1.843 billion respectively, indicating a compound annual growth rate (CAGR) of 58.0% from 2022 to 2024 [1]. - In the first half of 2025, Teslin's revenue reached approximately 632 million, representing a 77% year-on-year increase compared to the first half of 2024 [1][3]. - The core business revenue from AI industrial digitalization in the first half of 2025 was 577 million, a significant increase of 191.1% from 198 million in the same period of 2024 [2]. Market Position and Growth - The global AIoT market is experiencing rapid growth, with a projected CAGR of over 31.7% over the next five years [3]. - In China, the AIoT market size is expected to grow from 816 billion in 2024 to 1.37 trillion by 2029, with a CAGR of 10.9% [3]. - Teslin is positioned as one of the top five public domain AIoT product providers in China, focusing on the integration of AI and IoT technologies [3]. Cost Management - Teslin has demonstrated effective cost control, with the expense ratio (including sales, administrative, and R&D expenses) decreasing from 104.6% in 2024 to 58.1% in 2025 [4]. - Sales and marketing expenses were reduced by approximately 43.9%, from 82 million in 2024 to 46 million in 2025 [4]. Client Base and Orders - As of June 30, 2025, Teslin's products have been deployed by over 900 clients across 172 cities globally, including locations in China, UAE, Singapore, and Australia [4]. - The total order amount as of September 30, 2025, reached 2.6 billion, indicating a steady increase in demand [4]. Strategic Focus - Teslin's strategy revolves around space intelligence, which enhances the ability of machines to perceive and interact with the physical world [5][6]. - The company has established a comprehensive AIoT product system and is actively pursuing applications in various environments such as buildings, communities, and cities [6]. Technological Advancements - The proliferation of AI large model technologies has accelerated the demand for intelligent computing, which is crucial for Teslin's AIoT business [7]. - Teslin's AIoT computing business includes hardware clusters and software platforms designed to efficiently deliver computing resources for AI applications [7]. Future Outlook - The synergy between AIoT computing and intelligent agents is expected to drive the next generation of AI growth for Teslin [10]. - With ongoing advancements in space intelligence and a robust financial position, Teslin is well-positioned to capitalize on emerging opportunities in diverse scenarios [10].

Core Insights - The company, Teslin, reported a significant revenue increase of 77% year-on-year, achieving 632 million yuan in the first half of 2025, driven by its core AI industry digitalization business [1][2] - The company is positioned among the top five AIoT product providers in China, reflecting its strong market presence and operational capabilities [1][2] - Teslin's international expansion is notable, with its products now available in 172 cities globally, serving over 900 clients [5][6] Financial Performance - In the first half of 2025, Teslin's revenue reached 632 million yuan, up from 357 million yuan in the same period of 2024, marking a 77% increase [2] - The company's core AI industry digitalization revenue surged by 191.1%, reaching 577 million yuan compared to 198 million yuan in 2024 [2][4] - Gross profit for the first half of 2025 was 144 million yuan, a 64% increase from 88 million yuan in 2024, with gross margin improving from 15.3% to 22.7% [2] Cash Flow and Financial Health - As of June 30, 2025, the company's cash and cash equivalents amounted to approximately 657 million yuan, an increase of about 500 million yuan from the beginning of the year, representing a 157.3% year-on-year growth [3] Business Expansion and Client Acquisition - The number of clients in the AI industry digitalization business reached 171, an increase of 81 clients compared to 2024, while total clients grew from 150 to 212 [4] - The company has a robust order backlog, with total orders amounting to 2.6 billion yuan as of September 30, 2025, supporting future revenue growth [4] Technological Advancements - Teslin has established a strong technological foundation, recently signing a strategic cooperation agreement with iFLYTEK to enhance its market presence in the UAE [6] - The company introduced innovative AIoT products, including a heterogeneous computing chip and a new intelligent system, which are expected to drive its market growth [6][7] - The global spatial computing market is projected to reach $1.4959 trillion by 2034, with a compound annual growth rate of 21.7%, positioning Teslin favorably for future growth [7]

11月21日，"2025上海市建筑学会学术年会暨国际建筑文化月"在宝华万豪酒店启幕。本次活动主办单位上海市建筑学会，同时也是2025澎湃城市更新大会的 支持单位，多年来，两场关乎城市生长方向的盛会一路同行，为城市更新可持续发展深度合作互动。 以"新时期、新场景、新价值"为主题，活动由上海市住房和城乡建设管理委员会、上海市科学技术协会指导，长三角建筑学会联盟等多家单位协办，十余家 合作单位支持，构建多元协同的行业交流平台。活动包括开幕式、主旨报告及系列学术论坛，整体以"1+3"的形式呈现。具体为与主题同名主论坛，以及由 二级组织承办的"上海市建筑学科研建筑专业委员会成立暨'面向未来的科研建筑创新'学术研讨会"、"机电更新赋能建筑焕新"、"结构成就建筑之美"三大平 行论坛，同期举办"新技术、新产品、新设备、新材料"展，文化月期间还将推出多场系列专题活动。 开幕式由上海市建筑学会常务副理事长兼秘书长张俊杰主持。开幕式前，同步召开"上海市建筑学会第十四届理事会第五次理事扩大会议"，并举行了"上海 市设计企业责任建筑师挂牌"启动仪式。 上海市建筑学会理事长常青院士在致辞中表示，针对城市更新与历史保护的复杂矛盾、数字时代 ...

Group 1 - The core viewpoint of the articles highlights the rapid growth and integration of AI technologies in consumer electronics, particularly in AI smartphones, AI PCs, and wearable devices, driven by technological breakthroughs and policy support [1][2] - As of October 2025, the monthly active user base for smart wearable apps reached 159 million, marking a year-on-year increase of 12.8%, indicating a significant shift in user engagement and product categories [1] - The smart home app user base reached 383 million by October 2025, with an average monthly usage frequency of 60.7 times, reflecting a year-on-year growth of 14.3% and 8.0% respectively, showcasing the increasing penetration of smart home technologies [2] Group 2 - The integration of smart home and smart automotive technologies is deepening service capabilities, with the automotive sector seeing the mainstream adoption of L2-level assisted driving and advanced positioning systems [2] - The concept of embodied intelligence is emerging as a key area of focus for both consumer and industrial AI applications, attracting significant investment and entrepreneurial interest, with 409 financing events recorded in the first ten months of 2025 [2] - Space intelligence is identified as a foundational infrastructure for the AI terminal ecosystem, with major tech companies like Alibaba, Baidu, Tencent, and Douyin actively developing related large models, capturing 34%, 28%, 14%, and 10% of the market respectively [3]

将资源集中于更具高增长潜力、可扩展的AI产业数智化场景。 本文为IPO早知道原创 作者｜ Stone Jin 微信公众号｜ipozaozhidao 智能体端，特斯联以智能机器人及智能可穿戴设备为核心载体，自研打造HALI智能体系统，通过类 人感知、长时记忆、高维空间感知、多智能体协同等核心能力，实现机器与物理空间的交互，构建空 间智能的落地闭环。截至目前，HALI智能体系统已完成对智能奢品品牌BUTTONS旗下耳夹式耳 机、超级影音机器人等多款产品赋能，打造智能体产品生态。 从财务数据看，特斯联持续加大对研发的投入。2022至2024年，其研发费用分别达3.29亿元、 3.22亿元、3.77亿元，2025年上半年，特斯联研发投入1.62亿元，较2024年同期增长11.4%。这 种持续投入，直接转化为技术护城河的夯实——截至 2024 年底，特斯联累计专利超1800项专利， 更有三位IEEE Fellow领衔的顶尖研发团队（华先胜、邵岭、杨旸均为全球前2%顶尖科学家）， 45%的员工为研发人员，人才与技术的双重积淀，让其在AIoT赛道的技术话语权不断提升。 据IPO早知道消息，特斯联智慧科技股份有限公司（以下简 ...

作者｜黄楠 编辑｜袁斯来 冲刺"国内AIoT第一股"的人工智能物联网企业特斯联完成财务数据更新，发布2025年上半年营收情况及业务进展。 其中，T-Nexus系列智算服务器可支持从16到512台的灵活组网，最高可配置4000多张GPU卡，整体算力突破千P级别，满足大规模AI训练与推理需求；T- Cluster 512异构芯片超节点产品也完成了对十余种国产芯片的统一兼容，不同架构的芯片能够协同工作，解决国产算力碎片化难题。 软件层面，特斯联自主研发的混合推理引擎HICE，能够在不同芯片和算法之间建立通用接口，让AI模型无需修改就能在各种国产芯片上高效运行。实测数 据显示，这一方案可让异构国产芯片的混推效率提升两倍以上。 最新财务数据显示，截至2025年6月30日，特斯联上半年收入6.32亿，较去年同期大幅增长77%。智算等AI产业数智化板块作为其核心业务表现亮眼，收入 达5.77亿元、同比提升191.1%。 营收规模快速扩张的同时，公司盈利质量提升。上半年毛利达1.44亿元、同比增长64%，毛利率由2024年的15.3%回升至22.7%，成本管控与业务结构优化成 效良好，三费费用率（销售及营销费用率、行政费用率 ...

02-成本管控、经营效率提升，彰显长期韧性 随着AI产业数智化业务成为核心增长引擎，公司规模化效应持续释放，成本控制能力与盈利效率实现 双向进阶。2025 年上半年，公司整体毛利同比大幅提升64%，达1.44亿元，不仅体现了核心业务毛利持 续提升的趋势，更反映出公司在业务结构优化后，盈利质量的实质性改善。 与此同时，费用端管控成效尤为显著，三费费率同比大幅缩减46.5个百分点。其中，营销与销售费用率 同比自22.9%下降至7.3%，行政费用率同比自41%下降至25.2%；而研发费用在实现增长的同时，因公 司营收的大幅提升，其占比由40.7%下降至25.6%。三费费用率的持续优化，既印证了公司渠道效率的 提升与管理体系的精细化，也凸显了核心业务规模化扩张过程中"降本增效"的良性循环。 2025年上半年，一家重庆诞生的AIoT企业向市场交出了一份亮眼的半年答卷。据披露的特斯联2025年 中期数据，公司实现营收6.32亿元，同比增速77%；其中，AI产业数智化实现营收5.77亿元，增幅达 191%。2024年全年营收18.43亿元，同比增长83.2%，2022-2024年，营收年复合增长率达58%。 伴随收入陡增的 ...