从早期满足基础工业需求的简易元件，到如今支撑人工智能、万物互联、智能汽车等新兴领域的智能感 知系统，传感器产业已成为衡量一个国家科技实力与工业水平的关键指标，并展现出广阔的产业发展前 景。 9月24日至26日，来自上市公司、科研院所、行业组织等各方的代表齐聚SENSOR CHINA 2025，从产业 机遇、技术创新、市场需求等角度探讨传感器产业快速发展背后的动能与潜力，并为当前产业面临的瓶 颈与挑战，建言献策。 SENSOR CHINA升级成"产业引擎" "欢迎来到传感世界。"走进SENSOR CHINA展二楼展馆，迎面就是一个巨大的橙蓝相间的阿拉伯数 字"10"，在"0"上面除了这句slogan（口号）和"十周年"小角标外，外圈还有用2016年至2025年的年份构 成的"钟表刻度"。 SENSOR CHINA的全称为"中国（上海）国际传感器技术与应用展览会"，于2016年9月在上海普陀举办 首届，其历程恰好是中国传感器产业大发展的缩影。 "SENSOR CHINA展办了10年，我们也参加了10年。"在接受上海证券报记者采访时，汉威科技董事长 任红军表示。昆山灵科传感技术有限公司（敏芯股份全资子公司）总经理肖 ...

摘要 /节前红包 兄弟姐妹萌，先给你们磕一个！临近假期了，我对工作有所懈怠，今天更得晚 了，见谅！ 节前仅剩两个交易日了，唯一的主题就是 持股or持币？ 本周卖方都在研究日历效应，哈哈哈，整体来看就是，节后大涨的概率较高！ 东吴证券指出，国庆前两日为最佳买点，国庆后存在快速拉涨行情。 从行情节奏上看， 国庆前15日开始出现一定的调整，随后在国庆前2日止跌，随 后进入反弹区间；国庆后则行情快速上行，随后在5日后进入震荡区间。 从成交 额来看， 同样在国庆前15日左右开始趋势性缩量，而在前2日成交量企稳；随后 在国庆后迅速进入放量行情，5日后成交量维持稳定。 因此，一定程度上市场的行情和成交额相互催化，而国庆后由于成交量的快速恢 复市场进入快速拉涨行情。国庆季节性的最表层变量是成交额，而其底层原因包 括：国庆的风险预期；9月季度末的结算需求前期的止盈需求；不同投资者的休 假需求；三季报的变化及换仓操作等等。 | 沪深300 | | | | WR | | | | | | MID % | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

编辑 丨 宋玮 "机器人得先通用，才能进家庭，不然很容易把机器人变成另一个扫地机" 文 丨 李梓楠 郭彦东是那种最正儿八经的机器人创业者，学习成绩好、技术强，有漂亮的工作履历，大厂管过大研 发，做过软件也做过硬件，是这轮具身智能创业热潮从大公司离职创业级别最高的技术高管。 郭彦东从小到大都是第一，高考数学单科满分上的北邮。后来他考上美国普渡大学的博士，学人工智 能。他选最严厉的院士导师，零下三十度，在普渡大学的玉米地里采数据做实验。他说他不知道打 B 是 几分，他只有 A 和 A+。 博士毕业后，他终于遇到成绩比他更好的人。加入微软美国研究院，公司有 5 个是图灵奖得主。郭彦东 压力很大，师兄安慰他说，"别害怕，你去了你也会和他们一样强。" 郭彦东在谈到这段经历时哽咽了， 他在微软度过了一段充满理想主义的时光，微软也养成了他平视技术大佬的习惯，"重要的是技术自 信，大佬也会出错。" 2018 年，郭彦东想把深度学习理念应用到汽车上，于是从微软离职加入创业初期的小鹏汽车。2020 年，他又加入 OPPO 任首席科学家。小鹏和 OPPO 教会他经营理念。何小鹏告诉他，做 to b 软件，只 能卖 1 块钱，做好软 ...

Core Insights - Tesla's CEO Elon Musk announced that the company is finalizing the design of the third-generation humanoid robot, Optimus, which will have hand dexterity similar to humans and is set for mass production [2] - The main engineering challenge for the robot lies in the "hands and forearms," with dexterous hands being crucial for the robot's ability to perform generalized tasks [2] - The value of a dexterous hand system is estimated to account for approximately 17% of the total cost of the robot, significantly higher than other components [2] Industry Developments - The year 2025 is anticipated to be the "year of mass production" for humanoid robots and dexterous hands [5] - As of September 2023, several dexterous hand manufacturers have made progress in scaling production, with major tech companies among their clients [5] - Star Dynamics, a leading manufacturer, reported that its dexterous hand products are now stable in production and have seen significant cost reductions [5] - The demand for dexterous hands is growing, with applications in robotics, industrial automation, and medical rehabilitation [6][5] Market Trends - The dexterous hand market is experiencing a surge in investment, with several startups completing funding rounds totaling hundreds of millions [6] - The primary customers for dexterous hands include research institutions, top tech companies, and embodied intelligence firms [6] - The growth of dexterous hands is expected to outpace that of robots in the coming years, driven by increased usage of robots [9] Technological Advancements - Various brands are exploring different technological routes for dexterous hands, including gear direct drive and tendon-driven designs [9] - Continuous improvements in cost optimization, core hardware technology, and control algorithms are being pursued by companies like Aoyi Technology [10] - The dexterous hand is considered the most complex component of robots, and breakthroughs in this area are vital for the development of new productive forces in China [11] Market Projections - The dexterous hand market is projected to grow to $1.921 billion by 2025 and reach $3.036 billion by 2030 [11] - The demand for humanoid robots is driving the evolution of dexterous hands from simpler two-finger designs to more complex four and five-finger configurations [11]

Investment Rating - The industry investment rating is "Positive" and is maintained [6] Core Viewpoints - The release of OpenHarmony 6.0 marks a significant milestone, with continuous upgrades and iterations under an open-source model, leading to technological breakthroughs and ecosystem improvements. This is expected to attract more manufacturers to join the OpenHarmony ecosystem, creating a positive cycle and accelerating its development [2][4][9] - The report suggests focusing on manufacturers within the Harmony industry chain that are developing commercial distributions and independent brands based on the Harmony system, as they are likely to enhance their market share due to the system's advantages in fluidity, universality, connectivity, and security [2][9] Summary by Sections Event Description - On September 27, the OpenHarmony Technology Conference 2025 was held in Changsha, where the OpenAtom OpenHarmony project officially released the OpenHarmony 6.0 version [4] Technical Breakthroughs - OpenHarmony 6.0 has achieved multiple technical breakthroughs, including enhanced ArkUI component capabilities, upgraded window capabilities, and improved application framework support, which collectively optimize the development experience and reduce development costs [9] Community and Ecosystem Growth - As of August 31, the OpenHarmony community has gathered over 9,200 contributors, with a total code contribution exceeding 130 million lines. More than 480 partners are involved in co-construction, and over 1,300 products have passed compatibility testing across various sectors [9] Future Plans - OpenHarmony plans to incubate cross-platform framework PMC and embodied intelligence PMC, focusing on cutting-edge areas such as AI on the edge and interconnectivity standards, which will significantly expand its development boundaries [9]

赵明国认为，我们不应一刀切地用单一百分比去描述和定位人形机器人智能程度的占比。"人应该管人 该做的部分，机器人应该管机器人该做的部分；随着时间的推移，人形机器人的感知和理解能力会逐步 增强，人形机器人的智能化是一个渐进突破的过程。" 当我们把镜头对准人形机器人时，我们能看到它们在跑道上摔倒后再爬起来，在复杂的有障碍的路面 上"盲走"并保持平衡，或在5v5的机器人足球比赛场上完成一次次传球、接球与射门，这些瞬间足够惊 艳。 然而，《中国经营报》记者注意到，若走出受控赛场或部分预设场景，面对一个未"标注"的障碍物或一 件未叠好的衣服时，它们往往需要由人来介入遥控。"人工遥控"因此成为人形机器人不可或缺的"第三 只手"。这正是人形机器人发展所呈现出的一体两面：人形机器人已经具备了较强的运动能力，而对环 境的理解与跨场景泛化仍是未解的短板。 "现在的人形机器人凭借其本体感知能力，可以完成走、跑、跳、翻跟头，或在有障碍物的路面上行 走，这种复杂动作的完成都需要其具备很强的智能水平。不过，目前许多人形机器人还不太具备理解环 境的能力。比如说，当前面有个障碍物时，它是否能够自主绕行、是否能自主开门，这些方面还存在一 些短板 ...

Group 1: IPO Developments - Different Group, the parent company of BeBeBus, officially listed on the Hong Kong Stock Exchange on September 23, 2025, under the stock code "6090," becoming the "first stock in maternal and infant consumption technology" [3] - The company, founded in 2018, focuses on designing and selling parenting products, with its first brand, BeBeBus, covering key parenting scenarios such as travel, sleep, feeding, and hygiene care [3] - According to Frost & Sullivan, BeBeBus ranks first among durable parenting product brands targeting mid-to-high-end consumers in China based on 2024 GMV [3] Group 2: Financial Performance of Different Group - Different Group's founder and chairman, Wang Boyan, emphasized the company's commitment to R&D and global market expansion during the listing speech [4] - The stock opened with a rise of over 40% on its debut [4] Group 3: Moer Thread's IPO Approval - Moer Thread's IPO application for the Sci-Tech Innovation Board was approved on September 26, 2025 [5] - Established in 2020, Moer Thread specializes in the research, design, and sales of full-function GPUs and related products, aiming to provide computing acceleration platforms for AI and high-performance computing [5] - The company reported a revenue of 702 million yuan for the first half of 2025, surpassing the total revenue from 2022 to 2024, which was approximately 608 million yuan [5][6] Group 4: Moer Thread's Product Development - Moer Thread has launched four generations of GPU architecture chips from 2021 to 2024, with the latest being the intelligent SoC chip "Changjiang" [6] - The company's products have achieved performance levels close to or on par with international standards, with the MTT S80 graphics card's performance nearing that of NVIDIA's RTX 3060 [6] Group 5: Ji Fei Technology's IPO Submission - Guangzhou Ji Fei Technology Co., Ltd. submitted its IPO prospectus to the Hong Kong Stock Exchange on September 25, 2025, aiming for a main board listing [8] - Ji Fei Technology ranks second globally in the agricultural robot and agricultural drone industries, with market shares of 10.7% and 17.1% respectively [8] - The company reported revenues of 605 million yuan, 614 million yuan, and 1.066 billion yuan from 2022 to 2024, with a revenue increase from 730 million yuan to 745 million yuan in the first half of 2025 [8] Group 6: TOP TOY's IPO Submission - TOP TOY International Group Limited submitted its IPO prospectus to the Hong Kong Stock Exchange on September 26, 2025, with major underwriters including JPMorgan, UBS, and CITIC Securities [11] - Founded in 2020, TOP TOY has become the largest and fastest-growing trendy toy brand in China, achieving a GMV of 2.4 billion yuan in 2024 [11] - The company reported revenues of 679 million yuan, 1.461 billion yuan, and 1.909 billion yuan from 2022 to 2024, with a revenue increase from 858 million yuan to 1.36 billion yuan in the first half of 2025 [11][12] Group 7: You Ai Zhi He's IPO Submission - Hefei You Ai Zhi He Robot Co., Ltd. submitted its IPO prospectus to the Hong Kong Stock Exchange on September 26, 2025, planning to list under Chapter 18C [14] - Established in 2017, You Ai Zhi He focuses on mobile robotic solutions for various industries, ranking first in the industrial mobile robot sector globally based on 2024 revenue [14] - The company reported revenues of 78 million yuan, 108 million yuan, and 255 million yuan from 2022 to 2024, with a revenue increase from 100 million yuan to 127 million yuan in the first half of 2025 [15]

Core Insights - The article highlights the transformative potential of AI applications showcased at the Yunqi Conference, emphasizing their real-world impact and the human-centric stories behind them [1][3][4] - Alibaba Cloud is positioning itself as a leader in AI by integrating advanced models and tools to create a comprehensive ecosystem that enhances AI's interaction with the physical world [4][7][14] Group 1: AI Applications and Innovations - AI applications presented at the conference include coral reef monitoring, assistance for visually impaired individuals, affordable robotics development, and farm management, showcasing practical uses of AI technology [1][5][16] - The Tongyi Qianwen VL multimodal model significantly improved biosecurity risk identification in aquaculture by transforming the monitoring capabilities of over 8,000 cameras [3][5] - The AI-driven solutions are not merely software functions but represent tangible changes in how AI operates in real-world scenarios, enhancing efficiency and accessibility [5][7] Group 2: Strategic Vision and Future Directions - Alibaba Cloud's CEO articulated a vision for "ASI (Super Artificial Intelligence)," positioning large models as the next generation of operating systems and AI clouds as the future of computing [7][9] - The company aims to evolve from merely providing AI capabilities to becoming a foundational player in the AI ecosystem, facilitating the development of diverse applications across various contexts [9][14] - The competitive landscape is shifting towards ecosystem-based competition, where collaboration and shared development will drive the advancement of AI applications [14][16] Group 3: Ecosystem Development and Community Engagement - Over 200,000 developers have utilized Alibaba's AI infrastructure to create more than 800,000 agents, indicating a robust community engagement and continuous innovation [16] - The conference underscored Alibaba Cloud's commitment to nurturing an AI ecosystem that supports various industries and promotes widespread AI adoption [14][18] - The overarching goal is to establish Alibaba Cloud as a comprehensive AI service provider, ensuring its central role in the future of AI development in China [16][18]

1、 中国工业机器人年安装量超过世界其他地区总和 IFR近日发布研究报告，中国正以远超他国的速度制造安装工业机器人，巩固全球制造业主导地位。去年 中国工厂运行机器人超200万台，新安装近30万台，超世界其他地区总和，而美国仅3.4万台。中国政府鼓 励企业成为机器人等领域领军者。自2017年起，中国工厂年安装机器人超15万台，全球占比升至33%。此 外，中国政府扶持带动人形机器人初创企业发展，但制造人形机器人关键部件仍落后，不过在工业机器人 领域优势明显。 2、 宇树科技将发布身高1.8米的人形机器人 近日宇树科技创始人、CEO王兴兴在第四届全球数字贸易博览会上称，公司机器人算法今年多次迭代，预 计下半年发布1.8米高人形机器人。上半年国内机器人行业火热，企业平均增长率达50%到100%。算法升 级后机器人稳定性大增，理论上可完成各类舞蹈、武术动作。2023年发布的宇树H1运动性能提升，目前 最快达每秒5米多，预计下半年到明年再刷新纪录。Unitree G1为"全球最畅销机器人"，新推出的Unitree R1轻巧，售价3.99万元起，已接部分订单。 谷歌DeepMind推出AI系统RoboBallet，可让制造 ...

9月28日获悉，具身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"）宣布完成2亿元天 使++轮融资。由钟鼎资本领投，老股东IDG资本加投。资金将主要用于自研核心零部件攻关、机器人本 体与运动控制技术开发及意识仿生模型迭代等。这是乐享科技自成立以来9个月内完成的第三轮融资。 截至目前，公司天使轮融资总金额已近5亿元。 ...