2025.04. 23 作者 | 一财资讯 贵金属板块重挫，赤峰黄金跌停，四川黄金跌超9%，晓程科技、湖南黄金等大跌。 4月23日，三大股指收盘涨跌不一，沪指跌0.1%，深成指涨0.67%，创业板指涨1.07%。 | 板块名称 | 涨幅量 | 主力金额 | 板块名称 | 涨幅4 | 主力金额 | | --- | --- | --- | --- | --- | --- | | 人形机器人 | +4.58% | +62.847. | 贵金属 | -7.38% | -14.22 Z | | 电机 | +4.32% | +9.50 7. | 黄金概念 | -3.44% | -22.35 乙 | | 汽车零部件 | +3.92% | +43.53 7. | 食品加工制造 | -3.13% | -7.08亿 | | 汽车热管理 | +3.67% | +22.92 7 | 无米 | -2.88% | -8.93 乙 | | 飞行汽车[eVTOL] | +3.54% | +17.51 7. | 别 | -2.86% | -1.62 7. | | 一体化压铸 | +3.48% | +9.08 7. | 粮食概念 | -2.82 ...

值得注意的是，截至午间收盘，国证机器人产业指数涨约3.9%，大幅领先中证机器人指数3.1%的涨 幅。而拉长时间看，根据指数最新成分股测算，截至4月3日，国证机器人产业指数2018年以来年化收益 率7.8%，较同类指数高5.1个百分点，长期收益更好；2024年"9.24"行情以来，其年化收益为83.7%，较 同类指数高24.7个百分点。 有分析认为，近日国证机器人产业指数编制方案进行了修订，涉及选样空间、样本数量、权重设置等维 度。修订后，指数中人形机器人相关的权重占比由38%显著提升至53%，对人形机器人产业的表征能力 更强，能帮助投资者更精准地锚定产业发展趋势。 资料显示，机器人ETF易方达（159530）跟踪国证机器人产业指数，在ETF跟踪的所有相关指数中人形 机器人"含量"最高，可以较好地反映人形机器人产业发展前景，助力投资者便捷布局投资机会。 每经记者 叶峰 每经编辑 肖芮冬 机器人概念股今日大幅走强，赛摩智能、汉威科技涨超10%，兆威机电、信捷电气涨停。受重仓股上涨 影响，机器人ETF易方达（159530）强劲反弹，盘中大涨逾4%。 Wind数据显示，机器人ETF易方达（159530）近期连续10个 ...

人形机器人概念股爆发。 消息面上，2025年4月24日至26日，由中国电子学会主办，中国人形机器人百人会、无锡市惠山国有投资控股集团有限公司承办的首届具身智能机器人运 动会将在无锡市惠山区举办，本届运动会主要包括竞赛、嘉年华、主题会议三大系列活动，其中，竞赛、嘉年华活动场地设置在惠山区全民健身中心，4 月25日—26日采取预约形式对外开放。 此外，国际星闪联盟发布消息称，近日，由TC591全国机器人标准化技术委员会主办的"具身智能+新一代通信标准技术研讨会"成功举办。会上，TC591 全国机器人标准化技术委员会与国际星闪联盟正式签署战略合作协议，双方将围绕机器人技术与新一代无线短距通信技术的融合，推动具身智能机器人标 准化与产业化发展。 其他概念板块方面，减速器、汽车热管理、一体压铸、PEEK材料等板块盘中涨幅居前。 A股市场今天上午整体窄幅震荡。人形机器人概念股集体大涨，A股市场多只相关概念股涨停或涨幅超过10%。港股人形机器人龙头优必选盘中涨幅一度 达到12%。 随着金价的冲高回落，今天上午黄金概念股炒作退潮，多只相关概念股明显调整。 人形机器人概念股集体大涨 A股市场今天上午整体窄幅震荡。截至中午收盘， ...

Market Overview - The A-share market experienced a significant rise, with the Shanghai Composite Index approaching 3300 points and major indices like the Shenzhen Component and ChiNext Index rising over 1% [1] - The total trading volume in the A-share market exceeded 1 trillion yuan, marking a return to above 10 billion yuan [1] Sector Performance - Over 4300 stocks in the market showed gains, with notable increases in the automotive industry, paper sector, pharmaceutical sector, gold concept stocks, large aircraft concept, and humanoid robot concept [2][3][7][10] - Gold concept stocks surged, with several stocks reaching their daily limit, and the price of spot gold exceeded $3390 per ounce, setting a new historical high [3][4] Gold Sector Insights - The demand for gold is driven by geopolitical uncertainties and a decline in trust towards dollar assets, leading to increased net purchases of gold by global central banks [5][6] - Central banks are projected to purchase over 1000 tons of gold annually from 2022 to 2024, contributing to a bullish outlook for gold prices [5][6] Large Aircraft Sector Insights - The large aircraft concept saw strong performance, with stocks like Tongyi Aerospace rising over 16% [7] - The domestic airlines are currently facing delays in receiving Boeing aircraft due to "reciprocal tariffs," prompting interest in Chinese commercial aircraft in Southeast Asia [9] Humanoid Robot Sector Insights - The humanoid robot concept gained traction, with stocks like Zhenyu Technology and Wanda Bearings seeing significant increases [10][12] - The recent marathon event in Beijing showcased humanoid robots, enhancing the visibility and potential of this sector [10][12]

A股今日发力上扬，沪指一度逼近3300点，深证成指、创业板指等涨超1%，全A成交额增加逾1200亿元，重返万亿元上方。港股今日因假期休市。 具体来看，两市主要股指盘中震荡上扬，深证成指、创业板指、科创50指数等涨超1%，北证50指数涨近3%。截至收盘，沪指涨0.45%报3291.43点，深证成指涨 1.27%报9905.53点，创业板指涨1.59%报1944.32点，北证50指数涨2.63%，沪深北三市合计成交10738亿元，较此前一日增加1245亿元。 场内超4300股飘红，汽车产业链股拉升，雷迪克涨超11%，浙江荣泰、海联金汇、金杯汽车等涨停；造纸板块走强，可靠股份、顺灏股份、安妮股份、百亚股份等 涨停；医药板块上扬，舒泰神、迪哲医药等涨停，立方制药斩获5连板；黄金概念股爆发，四川黄金、赤峰黄金、湖南黄金、西部黄金等涨停；大飞机概念崛起， 博云新材、润贝航科、航发科技等涨停；人形机器人概念再度活跃，万达轴承、奥比中光等涨超10%，福莱新材涨停。 值得注意的是，多只黄金主题ETF大涨，黄金股ETF、黄金股票ETF罕见涨停，黄金股票ETF基金涨超9%。 黄金概念爆发 黄金概念股盘中大幅飙升，截至收盘，四川黄金 ...

3. 板块表现：科技与避险资产共舞 科技板块：消费电子、半导体、 AI 概念股全线爆发。 A 股中，人形机器人、苹果概念股多股 大涨。 1. 亚太股市率先反弹 日经 225 指数大涨 超 9% ，越南 VN 指数创 2001 年以来最大单日涨幅。 A 股三大指数同 步上扬，上证指数涨 1.16 % ，深证成指涨 2. 25 % ，创业板指大涨 2. 27 % 。港股方 面，恒生科技指数一度涨超 3 % ，比亚迪电子、舜宇光学科技等科技股领涨。 2. 美股史诗级暴涨带动全球情绪 隔夜美股三大指数创历史性涨幅，纳斯达克指数飙升 12.16% ，标普 500 涨 9.52% ，特斯 拉、英伟达等科技巨头涨幅均超 9% 。这一势头迅速传导至亚太市场，科技股成为资金主攻方 向。 贵金属板块：黄金股逆势走强，西部黄金、晓程科技 领涨黄金板块 ， COMEX 黄金期货突破 3100 美元 / 盎司，显示市场对不确定性仍存警惕 17 。 今日， 全球资本市场迎来了一场久违的狂欢。从亚太到欧美，股市集体飙升，科技股领涨，贵 金属与消费电子板块异军突起，市场情绪从谨慎转向乐观。这一波行情不仅刷新了多个指数的 年内高点，更释放出市 ...

Core Viewpoint - The company, Yujiang Technology, reported a revenue of 374 million RMB for 2024, marking a 30.3% year-on-year increase, while net losses narrowed to 95.36 million RMB, a reduction of 7.6% compared to the previous year. The adjusted net loss was 36.5 million RMB, down 55.4% year-on-year, with a gross margin of 46.6%, up 3.1 percentage points [1][4][11]. Group 1: Revenue and Profitability - Yujiang Technology's revenue growth is driven by significant increases in sales of six-axis and composite robots, with six-axis robot sales reaching 209 million RMB, a 55.5% increase year-on-year, and composite robot revenue at 56.55 million RMB, up 64.8% [4][6][8]. - The commercial application segment saw the most substantial growth, with revenue soaring 111.6% to 25.58 million RMB, attributed to new product launches like automated coffee stations [5][9]. - Despite the overall revenue increase, the company remains in a loss position, indicating ongoing financial challenges [1][3]. Group 2: Market and Product Strategy - The company has strategically focused on six-axis and composite robots, enhancing its product matrix to meet rising market demands in various sectors, including manufacturing and retail [8][9]. - Yujiang Technology's domestic revenue reached 173 million RMB, a 47.4% increase, while overseas revenue was 201 million RMB, up 18.5%, though its share of total revenue decreased by 5.3 percentage points [10]. - The company plans to adopt a dual-driven strategy of upgrading collaborative robots and innovating embodied intelligent robots to establish a new paradigm of human-machine collaboration [15]. Group 3: Expenses and Investments - Total expenses for Yujiang Technology rose to 506 million RMB, a 21.6% increase, with administrative expenses surging 67.2% to 88.82 million RMB, largely due to costs associated with the company's IPO [11][12]. - Research and development expenditures were 71.79 million RMB, a slight increase of 1.8%, reflecting the company's commitment to enhancing collaborative robot efficiency and developing new intelligent robot products [13]. - The company has launched 27 models of collaborative robots, covering a wide range of applications across various industries, and is accelerating its layout in embodied intelligent robots [13][15].

Core Viewpoint - Xiangyang Bearing's stock price experienced a significant increase of 105.17% over 10 trading days, followed by a sharp decline of 9.99% in the subsequent days, raising concerns about market volatility and investor sentiment [3][4][5]. Stock Performance - From February 26 to March 20, Xiangyang Bearing's stock price rose from 9.45 yuan to a peak of 18.9 yuan, effectively doubling in value [4]. - The stock was placed under key monitoring by the Shenzhen Stock Exchange due to its substantial price fluctuations [5][10]. Company Operations - Xiangyang Bearing has denied involvement in the humanoid robot sector, stating that it currently has no market applications for robot bearings [3][10]. - The company primarily focuses on automotive bearings and related components, with a significant portion of its revenue derived from these products [11]. Financial Performance - For the first half of 2024, Xiangyang Bearing reported a revenue of 697 million yuan, a year-on-year increase of 3.64%, but still recorded a net loss of 12.41 million yuan [11]. - The company has faced continuous losses over the past four years, totaling approximately 320 million yuan, and is projected to incur further losses in 2024 [12]. Management and Legal Issues - The actual controller of Xiangyang Bearing, Jia Zhihong, was sentenced to life imprisonment due to involvement in a major fraud case, which has raised concerns about the company's governance and future [12][14]. - The company has indicated that it is monitoring the legal situation and its potential impact on corporate control [12].

Investment Rating - The industry is rated as "stronger than the market," indicating a positive outlook with expectations that the industry index will outperform the CSI 300 index over the next six months [19]. Core Viewpoints - The report anticipates a "slow bull" market for A-shares in the medium to long term, with structural bull market characteristics prevailing despite potential short-term fluctuations [2][10]. - The human-shaped robot sector has seen significant growth, with a nearly 50% increase since January 7, 2025, while the overall robotics industry has risen approximately 25% during the same period [7][10]. - The semiconductor sector is also experiencing strong performance, driven by increasing global demand for AI and high-performance computing, with expectations of over 15% growth in the global semiconductor market by 2025 [8][10]. Summary by Sections A-share Market Overview - The report notes that the A-share market is currently in a phase of overall recovery, with major indices showing collective gains after recent adjustments [5][10]. - The market sentiment is active, with a total trading volume of 17,210 billion yuan, and major indices such as the Shanghai Composite Index and Shenzhen Component Index showing positive movements [6][10]. Sector Performance - The human-shaped robot sector is highlighted as a long-term investment opportunity, supported by strong internal growth dynamics and favorable government policies, with expected annual revenue growth exceeding 20% during the 14th Five-Year Plan [7][10]. - The semiconductor sector is projected to benefit from national policy support and increasing market demand, with a forecasted market size of 697.1 billion USD in 2025, reflecting an 11% year-on-year growth [8][10]. Future Market Expectations - The report emphasizes the expectation of more proactive fiscal policies and moderately loose monetary policies in 2025, which are anticipated to support economic recovery and shift demand from exports to domestic consumption [3][11]. - The upcoming "Two Sessions" in March 2025 will be crucial for determining the economic targets and policies that will guide market movements [3][11].

中国资产午后走强。 5日，A股午后在金融板块的带动下发力拉升，上证50指数涨0.77%，北证50指数大涨近3%；港股走势强劲，恒生指数涨近3%，恒生科技指数大涨超4%。个 股方面，同程旅行涨超10%，小米集团、华虹半导体、京东健康涨超7%，京东集团、腾讯控股涨约3%。 具体来看，沪指午后在金融板块的带动下发力上攻，深证成指、创业板指翻红，北证50指数表现强势。截至收盘，沪指涨0.53%报3341.96点，深证成指涨 0.28%报10709.46点，创业板指涨0.01%报2190.36点，上证50指数涨0.77%，北证50指数涨2.82%，沪深北三市合计成交15459亿元，较昨日增加659亿元。 银行、保险、券商板块集体上扬，成都银行涨超3%，中信银行、招商银行等涨超2%；工程机械板块大幅拉升，山东矿机、柳工、山推股份等涨停；6G概念 爆发，本川智能、三维通信、兴森科技等涨停；人形机器人概念热度不减，一博科技、隆盛科技续创新高，捷昌驱动、兆威机电、智微智能等斩获两连板； 算力概念走高，元道通信、拓维信息、纵横通信等涨停，并行科技大涨超17%。 金融板块拉升 银行板块盘中发力拉升，截至收盘，成都银行涨超3%，中信 ...