12月13日下午，2025年粤港澳大湾区人工智能与机器人产业大会（XAIR）在广州开幕。会上发布的 《AIR珠江指数报告（2025）》（以下简称《报告》）显示，广东省人工智能与机器人产业与北京、江 苏、浙江和上海同处第一梯队，综合排名稳居全国首位。其中，企业实力、发展潜力、行业应用、产业 链接4项核心指标均位列全国第一。 数据显示，2025年1—10月，全省人工智能核心产业规模超2300亿元；工业机器人、服务机器人产量分 别为26.02万套、1283.88万套，规模均稳居全国第一。 具体来说，广东省人工智能与机器人产业"内功"体现在企业数量与质量上。《报告》中显示，截至2025 年11月，广东省人工智能与机器人企业超3700家，其中人工智能核心企业数量超2000家，人工智能与机 器人国家级专精特新"小巨人"企业超350家，人工智能与机器人上市企业超150家，形成了量质并举的发 展格局。 从人才培养上，《报告》显示，截至2025年10月，广东省超30所高校设立了人工智能学院，2025年广东 省人工智能职称参评人员超1700人。 从产业链结构来看，《报告》显示，人工智能企业主要集中在应用层，其占比约73%，技术层 ...

Core Insights - The forum emphasized the theme of "vitality and resilience, innovation and empowerment," aiming to address contemporary challenges and explore future pathways [2] - The founder of Hongtai Fund, Sheng Xitai, expressed optimism about China's development over the next decade, highlighting the importance of seizing opportunities amid industry transformations [2] - High-tech companies with genuine technological content are becoming the focal point for capital, indicating a market divide between quality assets and traditional industries [2][3] Industry Trends - The emergence of AI companies like DeepSeek has significantly reshaped market confidence in China's AI sector, alleviating previous concerns about the country's capabilities in generative AI [3] - Chinese industries are recognized for their competitive edge, with a notable ability to develop large model products at a cost of only 1% to 2% of what is typically required internationally [3] - The rapid rise of the robotics industry in China is attributed to 30 years of industrial accumulation, with Jiangsu province alone housing 100,000 supporting enterprises [4] Market Dynamics - China's industrial strength has garnered global attention, reflecting its undeniable manufacturing capabilities despite international uncertainties [4] - The share of Chinese industrial robots in the global market is reported to be between 60% and 70%, showcasing the country's leading manufacturing capacity and supply chain [4] - The ongoing implementation of China's "14th Five-Year" and "15th Five-Year" plans, along with the establishment of a unified national market, lays a solid foundation for long-term development [4]

Group 1 - The "2025 Third Annual Conference on Embodied Intelligent Humanoid Robot Application Ecosystem" and the "Eighth Annual Conference on Mobile Robot Industry Development" were held in Hefei from December 2 to December 5, with Changhong Energy invited as a council member and awarded the "Yanshi Core Component Craftsmanship Award" [1][3] - The "Yanshi Core Component Craftsmanship Award" recognizes core component enterprises in the humanoid robot industry, highlighting the "invisible heroes" that provide essential support for joints, perception, computing power, and the overall stability and reliability of robots [3] - Changhong Energy produces high-rate cylindrical lithium batteries, soft-pack polymers, and semi-solid battery series, providing stable and reliable energy supply for various robotics industries [3] Group 2 - A representative from Changhong Energy stated that the intelligence and popularization of robots are driving the development of their "heart"—the power system—into a new stage, where batteries are not just energy storage units but core components affecting performance, reliability, operational efficiency, and safety [5] - The company is committed to developing intelligent energy solutions that meet the diverse and dynamic operational needs of robots, leveraging its deep technical expertise in high-safety, high-reliability, and long-life new energy batteries [5] - During the Hefei event, Changhong Energy showcased its leadership role, enhancing its brand image in the professional field and accurately grasping industry trends and customer needs [7]

关于机器人业务的具体进展，吕正风表示，公司已陆续开始承接机器人零部件的订单。"机器人业务对 南山铝业来说是一个新的增长节点。我们要把它做大做强，同时我们也确实有实力来引领这个行业走出 一条新的道路。" 每经讯 12月11日至13日，由每日经济新闻与海南国际经济发展局联合主办的2025第十四届上市公司发 展年会暨海南自贸港开放机遇交流大会系列活动在海口举行。在12月12日的主会场圆桌讨论环节，南山 铝业董事长吕正风就公司布局机器人产业的战略规划进行了阐述。 吕正风表示，南山铝业目前已形成"双链驱动"的发展格局：在国内拥有完整的产业链，在海外如印尼、 欧洲、北美等地也有相应布局。"在此基础上，我们认为机器人产业是公司下一步实施精深加工非常好 的产业规划布局。" 在吕正风看来，机器人行业的市场规模未来有望达到万亿元级别，公司在精深加工总体发展思路的指引 下，正逐步深入这一领域。 （文章来源：每日经济新闻） ...

Core Insights - The event focused on the application of humanoid robots and mobile robots, highlighting the advancements in these fields and the recognition of key contributors [1][3] Group 1: Awards and Recognition - Changhong Energy was awarded the "Yanshi·Core Component Craftsmanship Award" for its contributions to the humanoid robot industry, particularly in providing essential components [3] - The award aims to honor the "invisible heroes" in the humanoid robot supply chain, emphasizing the importance of core components that support the functionality and reliability of robots [3] Group 2: Technological Advancements - The company highlighted the evolving role of batteries in robotics, stating that they are no longer just energy storage units but critical components affecting performance, reliability, and safety [5] - Changhong Energy is focused on developing intelligent energy solutions tailored to the diverse and dynamic operational needs of robots, aiming to overcome power bottlenecks in the industry [5] Group 3: Industry Engagement - During the conference, Changhong Energy engaged in in-depth discussions with key industry players, receiving positive feedback and interest in collaboration regarding its strategic positioning in the robotics sector [7] - The company showcased its leadership role and brand image in the professional field, aligning closely with industry trends and customer needs [9] Group 4: Future Directions - Changhong Energy plans to continue providing smarter, more efficient, and customized energy solutions to support the scalable and intelligent development of the robotics industry [9]

机器人板块早盘回调，截至午间收盘，中证智能电动汽车指数上涨0.1%，中证消费电子主题指数下跌0.9%，中证物联网主题指数下跌1.1%，国证机器人产 业指数下跌1.3%。资金逆势加码，机器人ETF易方达（159530）半日净申购达2200万份。Wind数据显示，该ETF近一周合计获超3亿元资金净流入。 | 截至午间收盘 | 该指数 | 该指数自201 | | --- | --- | --- | | 该指数涨跌 | 滚动市盈率 | 以来估值分 | | 0.1% | 32.0倍 | 73.5% | | 截至午间收盘 | 该指数 该指数自202 | | --- | --- | | 该指数涨跌 | 滚动市盈率 发布以来估值: | | -0.9% | 56.4倍 94.0% | | 截至午间收盘 | 该指数 | 该指数自201 | | --- | --- | --- | | 该指数涨跌 | 滚动市盈率 | 发布以来估值 | | -1.1% | 32.6倍 | 47.5% | 每日经济新闻 ...

报道还提到，不仅工业机器人，中国的服务机器人和人形机器人也在国际市场上不断扩大应用。总部位于上海的 Keenon Robotics公司已将服务机器人引入60多个国家和地区的餐厅、酒店和医院，负责送餐、医疗辅助等工作。与此 同时，总部位于深圳的Chasing Innovation公司的水下机器人已出口到100多个国家，用于海底观测、紧急救援和科学研 究。 【环球网财经综合报道】日前，市场调查机构TrendForce集邦咨询最新研报预估，2026年将是人形机器人迈向商用化 的关键年，全球出货量可望突破5万台，年增逾700%。 越南通讯社近日发文称，中国目前是全球最大的机器人生产国，2024年工业机器人产量达到55.6万台，服务机器人近 1052万台。随着技术日益完善和应用不断扩展，中国生产的机器人正在加速走向全球，推动产业创新；2024年，中国 成为全球第二大工业机器人出口国。仅今年上半年，中国的机器人出口量同比增长61.5%。 Moga Technology公司总经理张光辉表示，公司计划到2030年在全球销售超过4万台人形机器人和9万台机器人狗，这些 产品将面向10个应用领域，如销售、导览、咨询和陪伴。 ...

中鼎股份公告称，其全资子公司睿思博与陕西拓普达共同出资1000万元，在安徽合肥设立合肥鼎拓精密 技术有限公司。睿思博认缴510万元，占比51%；陕西拓普达认缴490万元，占比49%。该投资无需董事 会或股东会审议，不构成关联交易和重大资产重组。近日，合资公司完成工商登记，取得营业执照，法 定代表人为蒋伟坚。此次投资利于推动微型电机应用，完善公司机器人产业布局，短期内对财务和经营 无重大影响。 ...

Summary of the Conference Call for 德昌股份 Company Overview - 德昌股份 is primarily engaged in the automotive EPS motor business and has extended its high-end technology into the robotics sector, specifically focusing on joint motors [2][3]. Key Points and Arguments Automotive EPS Motor Business - The automotive EPS motor business is entering a growth phase, with projected revenue of 400 million yuan in 2024, accounting for 10% of total revenue, and expected to reach 1.5 billion yuan by 2027, with a net profit margin of approximately 15% [2][8]. - The company has established itself as a domestic leader in the automotive EPS motor sector, overcoming significant technical barriers such as heat dissipation, low vibration, and low noise [3][4]. - The global market for automotive EPS motors is largely dominated by foreign companies, but 德昌股份 has made significant progress and aims to capture top-tier domestic and international clients [3][4]. Robotics Joint Motor Business - 德昌股份 is actively developing robotics joint motors, which require high performance standards due to their complex applications and stringent requirements for heat dissipation and miniaturization [5][6]. - The company is currently engaging with top-tier domestic and international clients, including indirect connections with Tesla, indicating a strong potential for market share expansion [6][10]. Household Appliances Business - The household appliances segment, which constitutes about 70%-80% of revenue, is viewed as a cash flow source. Despite facing challenges from tariffs and price reductions, the company aims to enhance profitability through increased self-manufacturing rates and project optimization [2][4][8]. - The household appliances business is expected to maintain a steady growth rate of 10%-15%, although profitability may be impacted in 2025 due to external pressures [2][8]. Financial Projections - Overall net profit is projected to be around 200 million yuan in 2025, influenced by fluctuations in the household appliances segment, with an increase to approximately 400 million yuan in 2026 [9]. - The company’s future financial performance may exceed expectations, particularly if the robotics segment begins to contribute significantly [7][10]. Market Perception and Misconceptions - There is a common misconception that 德昌股份 is merely a traditional household appliance company, which overlooks the potential of its emerging businesses in automotive EPS motors and robotics [4][10]. - The market has not fully recognized the growth potential of these new sectors, which could lead to significant valuation upside in the coming years [2][10]. Investment Recommendation - 德昌股份 is recommended for continued tracking and investment due to its strong growth potential across multiple core business areas, including household appliances, automotive EPS motors, and robotics [11]. - The company’s focus on core business development and its ability to achieve breakthroughs in new markets suggest a high likelihood of stock price doubling within the next three years [11].

Core Insights - The 2025 Intelligent Robot Competition concluded, focusing on three main areas: emergency rescue, rehabilitation and elderly care, and all-domain innovation, showcasing significant advancements in technology autonomy, scene diversity, and human-centered services [1] Group 1: Emergency Robots - Emergency robots have achieved breakthroughs in autonomous survival and precise collaboration, exemplified by a robot that can self-right after tipping over during a simulated bomb disposal task, minimizing risks to human operators [2] - These robots are evolving from mere tools to partners, capable of operating independently in extreme environments where human presence is hazardous [2] - The market for emergency robots is expected to grow significantly, with the safety and emergency sector becoming a key growth area within the broader robotics industry, projected to double in size by 2030 [3] Group 2: Rehabilitation and Elderly Care Robots - Rehabilitation robots are increasingly addressing the needs of an aging population, integrating technology that enhances understanding and care, such as a new exoskeleton that uses brainwave signals to predict movement intentions [4] - The focus is on improving the quality of life for the elderly, with robots designed to assist in daily tasks, promoting autonomy and dignity rather than replacing human interaction [4][5] - The production of service robots has surged, with 13.5 million units produced in the first three quarters of the year, surpassing the total for 2024, indicating a growing market for rehabilitation and elderly care robots [6] Group 3: All-Domain Innovation Robots - Robots are expanding their applications beyond traditional settings, entering various sectors including high-altitude and underwater operations, demonstrating versatility and innovation [7] - The competition showcased robots capable of performing high-risk tasks, such as maintenance on wind turbines and ice removal from power lines, highlighting their potential to enhance safety and efficiency in hazardous environments [8] - The robotics industry is transitioning from quantity-driven growth to quality enhancement, with applications now covering 71 major sectors of the national economy, driving manufacturing upgrades and meeting public needs [9]