（文/孙梅欣 编辑/张广凯） 尽管搭上了"机器人"概念的东风，但最近10年都没盈利的天链机器人，冲击上交所被"劝退"的风险大大 增加。 虽然天链机器人不属于科创板负面清单行业，但长期无法盈利，可能是导致企业难登上交所的因素。 公告显示，2023年-2024年期间，天链机器人营收分别为2139.26万元、2991万元，经营活动产生的现金 流量净额分别为-1.44万元、-908.84万元。同时，归属于挂牌公司股东的净利润均为负值，营业收入最 近三年复合增长率为12.03%。 公告称，截至2025年7月30日，公司总市值为7.56亿元，公司的市值及财务等指标暂不满足《上海证券 交易所科创板股票上市规则》、《科创属性评价指引(试行)》规定的上市条件。 根据相关规则，在上交所科创板上市的股票，至少要符合多项标准中的一项。其中，包括预计公司市值 不低于人民币10亿元，要求最近两年净利润均为正，且累计净利润不低于人民币5000万元等条件。 另外根据《试行》要求，在科创板上市企业，最近三年营业收入复合增长率要达到25%，或最近一年营 业收入金额达到3亿元。 由此来看，天链机器人在市值、净利润、复合增长率等多个方面的财务指标上 ...

Core Insights - The World Robot Conference (WRC) showcased major manufacturers and suppliers in the robotics industry, with a significant focus on LiDAR technology as a standard for embodied intelligence [1] - Hesai Technology anticipates that its LiDAR shipments in the robotics sector will exceed 200,000 units by 2025, surpassing the total historical deliveries of robotic LiDAR [1] - The demand for robotic lawn mowers is surging, with a notable increase in orders expected this year [1] Industry Trends - The rise of boundary-less robotic lawn mowers has led to a rapid increase in domestic players entering the market, with 32 companies having entered the sector over the past five years [2] - Current global sales of robotic lawn mowers are approximately 1.8 million units, with a penetration rate of less than 10%, indicating the industry is still in its early stages [2] - The combination of hardware and software optimization is crucial for the success of robotic lawn mowers, particularly in North America where grass quality and growth rates demand high-performance equipment [2] Company Developments - Hesai Technology signed a strategic cooperation agreement with Keting Technology to provide 300,000 JT series LiDAR units for their robotic lawn mowers within a year [3] - The JT series LiDAR has achieved mass production of 100,000 units in less than five months, primarily for the lawn mower sector [3] - Suton Juchuang has completed a full-link solution layout involving hardware, chips, and AI technology, with expectations to reach a shipment volume of 100,000 units by 2025 [3] Product Innovations - At the WRC, Hesai Technology showcased two core product solutions: the mini ultra-spherical 3D LiDAR JT series and the next-generation automotive-grade solid-state LiDAR FTX [4] - Suton Juchuang introduced the Active Camera platform, with the second product AC2 set to launch in the second half of the year [4] - The demand for LiDAR is increasing as it is considered an essential sensor for robotic mobility due to its wide sensing range, compact size, and reliability [5] Market Outlook - The demand for embodied intelligence in robotics is expected to grow, with various manufacturers planning to launch humanoid robots by the end of 2024, marking 2025 as a potential commercialization year for humanoid robots [6] - The market for robotic lawn mowers alone could reach millions of units, with the overall market size for service robots projected to surpass that of the automotive sector [6]

行业资讯： 相关ETF：公开信息显示，科创半导体ETF跟踪上证科创板半导体材料设备主题指数，囊括科创板中半 导体设备（59%）和半导体材料（25%）细分领域的硬科技公司。半导体设备和材料行业是重要的国产 替代领域，具备国产化率较低、国产替代天花板较高属性，受益于人工智能革命下的半导体需求扩张、 科技重组并购浪潮、光刻机技术进展。 1.正帆科技公告称，公司已与辽宁汉京半导体材料有限公司5名股东签署《股份转让协议》，购买上述5 名股东持有的汉京半导体总计62.2318%的股权，转让价格合计为11.2亿元。本次交易高度契合公司发展 战略，进一步推动公司OPEX业务的发展，交易完成后，汉京半导体将作为公司的控股子公司，纳入公 司合并报表范围。 半导体材料ETF及其联接基金（A类：020356、C类：，指数中半导体设备（59%）、半导体材料 （24%）占比靠前，充分聚焦半导体上游。 2.艾为电子2025年上半年实现营业收入13.70亿元，同比下降13.40%；归母净利润1.57亿元，同比增长 71.09%；扣非净利润1.23亿元，同比增长81.88%。艾为电子表示，利润增长主要得益于公司通过对高性 能数模混合、电源管理 ...

温馨提示 ： 点击下方图片，查看运营团队最新原创报告（共235页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 " 机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微信； 若有 侵权、改稿请联系编辑运营（微信：li_sir_2020）； 星海图G0： 端到端双系统全身智能 VLA模型，以"慢思考、快执行"双系统为架构基础，叠加500小时高一致性全身动作 数据和"三阶段学习训练"策略，实现从视觉和语言指令到23自由度全身控制的长程任务执行。 G0大模型 采用"双系统"架构， 将机器人控制分为高层思考与低层动作两个模块；高层的 G0-VLM是一个视觉语言模 型，负责语言理解、 复杂逻辑推理 和任务拆解、规划， 以2 Hz的频率输出子任务指令； 低层的 G0-VLA 则是视觉-语 言-动作模型，负责感知融合和 全身控制动作与移动轨迹， 动作执行频率 15 Hz 、运动频率200Hz。 —— 两者异步运行：从而实现全局规划的智能性与局部执行的高响应性。 据官方表示： 全身动作、长续任务、柔性操作、语言理解方面表现，G0的评测数据已压过 π0。 正文： 融资超15亿元，估值10亿美元 ...

点击下方 卡片 ，关注" 具身智能 之心 "公众号 作者丨 Yongjie Bai等 编辑丨具身智能之心 本文只做学术分享，如有侵权，联系删文 >> 点击进入→ 具身智能之心 技术交流群 更多干货，欢迎加入国内首个具身智能全栈学习社区 ： 具身智能之心知识星球 (戳我) ， 这里包含所有你想要的。 研究背景与动机 现有视觉-语言-动作（VLA）模型在多任务机器人操作中，常依赖固定视角和共享视觉编码器，这会限制3D感知能力并引发任务干扰，影响鲁棒性和泛化性。 固定视角在复杂场景中问题突出：在杂乱或动态环境中，固定相机易导致目标物体或末端执行器被遮挡，使场景理解不完整，进而导致动作预测不准确。例 如"把糖放进橱柜"的任务中，固定摄像头的前视图可能只拍到橱柜，左右肩视图只拍到被夹持的糖，无法同时覆盖关键信息，可能导致操作失败。 共享编码器的局限同样明显：即使是语言条件的 Transformer 方法（如 RVT、RVT-2），其共享编码器在处理视觉和语义差异大的任务（如"摘苹果"与"开抽屉"） 时，会因任务干扰限制模型在多任务中的泛化性和扩展性。 核心方法：TAVP 框架 为解决上述问题，我们提出任务感知视图规划（ ...

Core Viewpoint - Nvidia is significantly advancing its robotics development infrastructure, focusing on the integration of AI and computer graphics to enhance robotic capabilities and reduce training costs [17][20][21]. Group 1: Product and Technology Updates - Nvidia introduced the upgraded Cosmos world model at the SIGGRAPH conference, which is designed to generate synthetic data that adheres to real-world physics [2][3]. - The upgrade emphasizes planning capabilities and generation speed, with enhancements across software and hardware, including the new Omniverse library and RTX PRO Blackwell servers [4][8]. - The new Cosmos Reason model features 70 billion parameters and reasoning capabilities, aiding robots in task planning [6][10]. - Cosmos Transfer-2 and its lightweight version accelerate the conversion of virtual scenes into training data, significantly reducing the time required for this process [12][13]. Group 2: Integration of AI and Graphics - Nvidia's AI research vice president highlighted the powerful synergy between simulation capabilities and AI system development, which is rare in the industry [5]. - The combination of Cosmos and Omniverse aims to create a realistic and scalable "virtual parallel universe" for robots to safely experiment and evolve [22][23]. - The integration of real-time rendering, computer vision, and physical simulation is essential for building this virtual environment [23]. Group 3: Market Strategy and Collaborations - Nvidia is strategically positioning itself in the robotics sector, recognizing the trend of merging computer graphics with AI as a transformative force in the industry [20][21]. - The company is collaborating with various Chinese firms, including Alibaba Cloud and several robotics companies, to expand its influence in the domestic market [26][27]. - Nvidia's approach mirrors its previous strategies, where it provided computational resources to emerging AI companies, indicating a similar trajectory in the robotics field [25][26].

点击按钮预约直播 视觉-语言-动作（VLA）模型依托视觉语言模型（VLMs）的强大能力取得了显著进展，但VLMs庞大的参数规模和自回归解码特性，给VLA模型带来了不小的计算 负担。投机解码（SD）通过高效的草稿生成与并行验证，能让大型语言模型（LLMs）在单次前向传播中生成多个token，从而有效加速推理，不过这一技术在VLA 模型中的应用尚未被探索。 为此，我们提出了Spec-VLA： 首个专为VLA推理加速设计的SD框架 。由于动作预测任务本身的难度，加上VLA模型采用贪婪解码机制，直接应用现有的先进SD 框架，对VLA预测任务的提速效果并不明显。 为进一步提升生成速度，我们利用VLA模型动作token所表征的相对距离，设计了一种有效的宽松接受机制。 多场景测试结果证实了Spec-VLA框架的有效性。进一步分析表明， 本文提出的策略能将接受长度提升44%，相比OpenVLA基线模型实现1.42倍的速度提升，同时 不降低任务成功率 。Spec-VLA框架的成功，凸显了投机执行在VLA预测场景中更广泛应用的潜力。 点击下方 卡片 ，关注" 具身智能 之心 "公众号 >>直播和内容获取转到 → 具身智能之心知识 ...

Core Insights - The article emphasizes the value of a responsive community that addresses members' needs and provides support for technical and job-seeking challenges in the field of embodied intelligence [1][3][17]. Group 1: Community and Support - The community has successfully created a closed loop across various domains including industry, academia, job seeking, and Q&A exchanges, facilitating timely solutions to problems faced by members [3][17]. - Members have received job offers from leading companies in the embodied intelligence sector, showcasing the community's effectiveness in supporting career advancement [1][3]. - The community offers a platform for sharing specific challenges and solutions, such as data collection and model deployment, enhancing practical application in projects [1][3]. Group 2: Educational Resources - The community has compiled over 30 technical routes for newcomers, significantly reducing the time needed for research and learning [4][17]. - It provides access to numerous open-source projects, datasets, and mainstream simulation platforms relevant to embodied intelligence, aiding both beginners and advanced practitioners [17][20]. - Members can engage in roundtable discussions and live sessions with industry experts, gaining insights into the latest developments and challenges in the field [4][20]. Group 3: Job Opportunities and Networking - The community has established a job referral mechanism with multiple leading companies, ensuring members receive timely job recommendations [11][20]. - Members are encouraged to connect with peers and industry leaders, fostering a collaborative environment for knowledge sharing and professional growth [20][45]. - The community actively supports members in preparing for job applications and interviews, enhancing their employability in the competitive job market [20][45].

Group 1: Regulatory Developments in Smart Connected Vehicles - The State Administration for Market Regulation and the Ministry of Industry and Information Technology have drafted a notice to strengthen recall and supervision management for smart connected electric vehicles [2][3] - The draft emphasizes the need for companies to display safety warnings and usage instructions for combined driving assistance systems prominently in vehicle apps and manuals to prevent misuse [2][3] - Companies are required to develop and implement driver monitoring and warning systems to ensure driver engagement and reduce safety risks [2][3] Group 2: Production Consistency and Information Transparency - The draft calls for enhanced supervision of production consistency for smart connected electric vehicles, requiring accurate reporting of key information in the vehicle qualification certificate system [3] - Companies must manage over-the-air (OTA) software upgrades strictly, ensuring that only thoroughly tested versions are pushed to users and that defects are not concealed [3] - When providing information about driving automation levels and system capabilities, companies must ensure that the information is truthful and not misleading [3] Group 3: Incident Reporting and Investigation - The draft mandates that companies report safety incidents and collisions involving combined driving assistance systems promptly, in accordance with existing regulations [4] Group 4: Market Performance and Financial Updates - Tencent Holdings reported a second-quarter revenue of 184.5 billion yuan, a 15% year-on-year increase, with a net profit of 55.63 billion yuan, up 17% [6] - Nissan's sales in July reached 57,359 units in China, with Dongfeng Nissan's sales increasing by 19.4% year-on-year [8] - The People's Bank of China reported that M2 increased by 8.8% year-on-year, indicating improved liquidity and market confidence [9]

智通财经获悉，据港交所8月13日披露，卧龙电气驱动集团股份有限公司(简称：卧龙电驱(600580.SH)) 向港交所主板递交上市申请，中金公司、华泰国际、广发证券(香港)为联席保荐人。 招股书显示，卧龙电驱是一家全球领先的电驱动系统解决方案提供商，公司专注于电驱动系统产品及解 决方案的研发、生产、销售和服务，持续为全球客户提供包括防爆电驱动系统解决方案、工业电驱动系 统解决方案、暖通电驱动系统解决方案、新能源交通电驱动系统解决方案、机器人组件及系统应用五大 核心板块。 在电驱动系统领域深耕四十余载，公司以科技创新、数字化赋能为动力，建立电机及驱动核心能力，提 供行业领先的解决方案。同时，公司积极投入未来产业，加速布局电动航空和具身智能，以领军技术突 破下一个万亿市场。公司以全球化研发、全球化生产、全球化品牌触达100多个国家及地区，致力于向 全球用户提供最优的产品和解决方案。 根据弗若斯特沙利文的资料，按2024年收入计，卧龙电驱(i)在全球防爆电驱动系统解决方案市场排名第 一，市场份额约为4.5%；(ii)在全球工业电驱动系统解决方案市场排名第四，市场份额约为2.8%；及(iii) 在全球暖通电驱动系统解决 ...