Core Viewpoint - Hesai Technology (NASDAQ: HSAI) reported significant growth in Q1 2025, with revenue reaching 530 million RMB, a year-on-year increase of 46.3%, and a GAAP net loss reduced by 84% to 17.5 million RMB [1] Financial Performance - The total delivery of LiDAR units in Q1 2025 was 195,000, representing a year-on-year growth of 231.3% - ADAS product deliveries reached 146,000 units, up 178.5% year-on-year, while deliveries in the robotics sector surged to 49,000 units, marking a 649.1% increase [1] Market Trends - The demand for LiDAR in the robotics sector is becoming a significant growth driver, supported by government policies focusing on "embodied intelligence" and "smart robotics" [1] - The average price of Hesai's products dropped from 35,869 RMB per unit in Q2 2022 to 3,242 RMB in Q4 2024, a decline of nearly 90% [2] Industry Insights - The robotics market is characterized by a focus on performance and reliability, allowing for differentiated high-end product development [2] - The market for robotics is expected to grow significantly, with predictions indicating that the shipment volume in this sector could exceed 100,000 units by 2025 [3] Future Projections - The LiDAR market for robotics is projected to reach 28 billion RMB by 2030, with a compound annual growth rate of 67.9% [3] - Concerns exist regarding the sustainability of profits in the LiDAR sector as advanced models from robotics companies may increase price sensitivity [3]

Core Viewpoint - The leading company in the robotics sector, Greentech Harmonic, announced a share reduction plan by its controlling shareholders, which is not expected to significantly impact the company's governance or ongoing operations [1] Company Overview - Greentech Harmonic specializes in key components for robotics, including harmonic reducers, planetary roller screws, and precision parts, which are critical for the value of robots [1] - The company is focusing on lightweight technology breakthroughs for harmonic reducers, achieving over 30% weight reduction while developing micro harmonic reducers suitable for dexterous hands [2] Financial Performance - Despite an increase in sales volume of harmonic reducers, the company's gross margin has been declining, with gross margins recorded at 48.69%, 41.14%, and 37.54% for the years 2022, 2023, and 2024 respectively [3] - The gross margin for industrial and service robot components in 2024 is projected at 36.60%, a decrease of 4.42 percentage points year-on-year [3] - The sales volume of harmonic reducers is expected to reach 246,500 units in 2024, reflecting a year-on-year increase of 16.56% [3] Market Trends - The Asian market, particularly China, is identified as the largest growth engine for industrial robots, driven by expansions in strategic industries such as new energy vehicles, lithium batteries, and photovoltaics [4] - The service robot market is anticipated to grow rapidly due to changes in global demographics, with applications expanding in various fields [4] Strategic Outlook - Greentech Harmonic remains optimistic about the industrial automation and robotics industry, aiming to become a leading global supplier of core transmission components and assemblies for robots and intelligent equipment [5]

"参赛的宇树G1手臂有7个自由度，比常规的5个自由度多出2个自由度，多出的2个手腕自由度使机器人 的手臂动作更加灵活多样，在格斗中进行更灵活的招式变化，如勾拳、摆拳、上勾拳等拳击动作中的手 腕调整，增加攻击的角度和灵活性。"宇树科技表示。 据宇树科技介绍，目前机器人的操作模式主要包括AI语音操控、手柄操控、体感操控。各有优缺点。 在人形机器人格斗模式的平衡性训练中，技术人员会对其进行模拟撞击训练，让机器人在受到来自不同 方向、不同力度的撞击时，能够迅速做出反应并调整身体姿态，以保持平衡。 "通过对撞击场景的模拟和反复训练，机器人可以学习到如何在复杂的对抗环境中稳定身体，避免摔 倒。同时我们也会进行模拟机器人倾斜状态的训练，提高在格斗中的稳定性和抗干扰能力。"宇树科技 告诉记者。 5月25日晚间，《CMG世界机器人大赛.系列赛》机甲格斗擂台赛在杭州举行，这是全球首个以人形机 器人为参赛主体的格斗竞技赛事。据了解，本次参赛人形机器人为宇树科技人形机器人Unitree G1。该 款人形机器人全身共有23至43个关节电机，起步售价为9.9万元。 正式开赛前，四台宇树G1人形机器人戴着不同颜色的护具亮相，并分别展示了勾 ...

（文章来源：新华财经） 基于家用机器人行业的成熟经验，乐享科技专注于家庭通用小具身智能机器人的研发，致力打造"机器 人+AI"时代下的新一代家庭移动硬件终端。针对室内及"室内+户外"两种家庭场景，乐享科技已经完成 了两款产品平台的开发：一款为50厘米高度的小型具身智能机器人Z-Bot，另一款为履带式有稳定户外 运动能力的具身智能机器人W-Bot。 据介绍，在技术储备上，乐享科技将专注于家庭场景的小具身机器人长期解决方案，主要在关节模组、 运动控制和交互模型上形成技术壁垒；产品形态上覆盖从人形到履带等多种适配不同场景的平台；运动 控制上，从传统算法到强化学习均完成了储备及部署；在交互方面，除了语言模型的运用外，还自研了 意识仿生模型。 新华财经上海5月26日电（记者高少华）国内智能机器人企业苏州乐享智能科技有限公司（简称"乐享科 技"）26日宣布完成亿元级天使+轮融资，由锦秋基金领投，老股东经纬创投、绿洲资本、Monolith超额 加投，光源资本跟投，光源资本担任独家财务顾问。这也是乐享科技在最近三个月内完成的第二轮融 资，天使轮融资总额近3亿元。本轮融资将主要用于公司团队搭建以及产品平台的产业化开发。 乐享科 ...

近期，锦秋基金已完成对智能机器人企业苏州乐享智能科技有限公司（以下简称"乐享科技"）的投资。 锦秋基金 （公众号：锦秋集，ID:jqcapital）是一家双币早期投资机构，致力于推动通用人工智能的发展，积 极寻找那些具有突破性技术和创新商业模式的通用人工智能初创企业。 团队中，大量年轻化创新技术人才的引入，以及以扫地机器人为主的成熟机器人行业出身的工程化团队相配 合，形成了"创新+经验"的有机结合，保证技术的领先与量产能力。 截至上月，乐享科技团队人数已突破30人，其中研发人员占比85%，毕业于清华大学、浙江大学、中国科学 院、卡耐基梅隆大学等国内外头部院校。其中有扫地机器人行业20年经验的头部公司CTO、产品线总裁，以 及12位机器人运动控制、视觉等领域的新晋博士、研究生。"我们要兼顾来自年轻人的创新以及成熟机器人行 业经验的落地，既能让年轻人可以来这里改变世界，又要从第一天起就以全球最高的产品标准来严格要求自 己。"郭人杰表示。 乐享科技创立于2024年12月，创始人郭人杰15岁进入西安交通大学少年班，本科就读于能源动力工程、金禾 经济研究中心，研究生毕业于伦敦政治经济学院。曾任追觅中国区执行总裁，管理团 ...

当前，针对室内及"室内+户外"两种家庭场景，乐享科技已经完成了两款产品平台的开发：一款50厘米高度的拥有18个自由度的小型具身智能机器人Z-Bot， 以及一款履带式有稳定户外运动能力的W-Bot。 e 41111- ® 01 e on B L (+ e @ le 2017 & cae ල බිල 6 9 Le e 6 e 55 g - 7 age . - . y B 00 e c Bo 0 7 小型具身智能机器人Z-Bot 2025年5月26日，国内智能机器人企业苏州乐享智能科技有限公司（以下简称"乐享科技"）官宣完成亿元级天使+轮融资，由锦秋资本领投，老股东经纬创 投、绿洲资本、Monolith持续超额加投，光源资本跟投，光源资本担任独家财务顾问。 这是乐享科技在三个月内完成的第二轮融资，天使轮融资总金额近3亿元。本轮融资将主要用于团队搭建以及产品平台量产化开发。 乐享科技创立于2024年12月，创始人郭人杰15岁进入西安交通大学少年班，本科就读于能源动力工程、金禾经济研究中心，研究生毕业于伦敦政治经济学 院。曾任追觅中国区执行总裁，管理团队超1500人。 而在过往十年机器人行业里形成充分竞争的扫地机器人行 ...

Core Viewpoint - The management of Bawei Storage is optimistic about the company's future development, with executives committing not to sell their shares in the secondary market within the year following the planned share reduction [1] Company Summary - Bawei Storage's executives plan to reduce their holdings, with the total shares to be sold being minimal compared to the company's total share capital, thus having a limited impact [2] - The company has seen significant growth in embedded storage revenue, with a more than doubling increase expected in 2024, indicating a positive trend in demand diversification within the storage industry [2] - Bawei Storage's storage packaging technology is leading domestically, particularly in the AI glasses sector, providing a competitive edge in low power consumption and fast response times [3] - The company is enhancing its advanced packaging capabilities, which will support both its storage product development and meet customer demands for integrated storage solutions [3] Industry Summary - The storage industry is expected to experience healthy growth with the emergence of new products such as AI terminals and intelligent robots, moving away from a reliance on traditional smart terminals [2] - Localized demand from downstream terminal enterprises in China is becoming increasingly clear amid global trade disputes, further supporting the industry's growth [2]

Group 1 - The 2025 Ninth World Drone Conference and International Low-altitude Economy and Unmanned Systems Expo opened in Shenzhen, attracting over 10,000 industry experts and entrepreneurs from more than 100 countries and regions [1][2] - The event features over 110 summits, forums, and technical exchange meetings focusing on drones, low-altitude economy, digital transportation, and artificial intelligence [1] - The exhibition area for the UASE Drone Expo increased by 31,000 square meters, an 88.6% growth compared to the previous year, with 825 participating companies, a 76.3% increase [2] Group 2 - Notable companies like Yifei Zhikong showcased breakthrough technologies, including a dual power supply mode that enhances drone performance for large-scale events [4] - Tianjin Yunxiang Drone Technology Co., Ltd. introduced a pioneering FPV racing drone technology that significantly improves interference distance, outperforming similar domestic products [4] - The expo will host various drone competitions, including FPV racing, catering to participants of different ages and interests [4] Group 3 - The low-altitude economy sector displayed over 5,000 unmanned aerial vehicles, including helicopters, fixed-wing drones, multi-rotor aircraft, and underwater vehicles, showcasing a wide range of products [5]

01 研修背景 随着PA66关键原料己二腈国产化全面投产以及高温尼龙、长链尼龙等特种材料的合成技术突 破，中国尼龙产业正加速向高端化、低碳化转型。与此同时，新能源汽车、电子电气、低空经 济、具身智能机器人等新兴场景对尼龙材料的耐高压、轻量化、阻燃等性能提出更高要求，同时 为尼龙改性配方设计、工艺优化及助剂产业带来了巨大的机遇和挑战。 在此背景下，DT新材料延续前七期的精彩， 将于 2025年7月4-5日 在 宁波 举办《尼龙改性及高 性能化加工技术》高级研修班（第八期）。 本次研修从大家关注的 高温尼龙、高性能助剂、改 性加工技术、创新配方设计、螺杆组合设计 等生产难题出发 ，为大家邀请到相关细分领域拥有 多年实战经验的行业专家，分享尼龙改性及高性能化加工技术的创新思路和实战经验，促进企业 的技术创新和产品质量提升。 02 研修组织 主办单位：DT新材料 协办单位：宁波德泰中研信息科技有限公司 03 研修大纲 7月4日（周五） 9:00-10:30 主题：高 温尼龙树脂的特性及改性对应 讲师：朱俊 上海北冈新材料有限公司副总经理 课程内容： 高温尼龙树脂 的改性路径如何设计？典型改性配方与工艺如何匹配？ 玻纤 ...

Core Insights - Zhongjian Technology is focusing on technological innovation and transitioning from traditional landscaping machinery to advanced intelligent manufacturing, aiming to build a complete ecosystem for intelligent robots [1] - The company plans to enhance its main business, explore new breakthroughs, and expand overseas by optimizing its product structure and accelerating smart factory construction [2] Company Strategy - Zhongjian Technology's strategy includes "quality improvement of main business, breakthroughs in emerging areas, and overseas expansion" for 2025 [2] - The company is committed to promoting the commercialization of robots and deepening collaborations with companies like 1X and Huawei [2] Industry Trends - The investor reception day featured discussions on the trends in the humanoid robot industry, including frameworks and investment models, as well as the outlook for China's capital market [1] - Over 80 institutional investors attended the event, showcasing interest in the outdoor landscaping robot platform and the overall intelligent robot ecosystem [2]