上半年外贸进出口、出口规模 均居内地城市首位 上半年，国际形势风云变幻，"关税战"等外部不确定因素如阴霾笼罩，给全球经济发展带来了诸多变数 和挑战。许多地区和城市的经济增长都受到不同程度的抑制，企业面临订单减少、成本上升等困境，经 济发展步伐放缓。 然而，深圳企业海外仓则活力全开。今年以来，面对全球跨境电商格局深刻调整，深圳海关持续深化通 关便利，取消海外仓模式备案要求、简化出口单证申报手续等，让企业"轻装上阵"。另一方面，推出针 对性帮扶举措，精准帮扶数十家头部电商平台及企业，收集解决他们的实际诉求，引导企业提前备货海 外仓，开拓俄罗斯、东南亚等新兴市场，为企业在政策过渡期内稳住阵脚、抢占先机提供有力支撑。据 深圳海关统计，今年上半年，该关监管的跨境电商海外仓出口货值同比增长19.5倍。 美团无人机深圳福田口岸航线正在运输中。 南方日报记者 朱洪波 通讯员 管乐 摄 Walker S2与AGV协同搬运。 南方日报记者 朱洪波 通讯员 罗艳 摄 7月30日，深圳发布经济"半年报":据广东省地区生产总值统一核算，2025年上半年，深圳市地区生产总 值18322.26亿元，同比增长5.1%。 这份经济"半年报"显 ...

以下文章来源于RimeData 来觅数据 ，作者来觅研究院 RimeData 来觅数据 . 全面的一级市场数据平台 导读： 2025年7月26日，以"智能时代 同球共济"为主题的2025世界人工智能大会暨人工智能全球治理高级别会议（WAIC 2025）在上海世 博展览馆开幕。其中，人形机器人备受瞩目，超过150台人形机器人在此次大会集体亮相，展示其最新进展。 01 人形机器人技术进展 本届人工智能大会的规模和影响力显著提升，参展企业数量、展览面积和首发新品数量均创历届之最。大会展览面积首次突破7万平方米，吸引800余家企 业参会，展示3000余项前沿展品，涵盖40余款大模型、50余款AI终端产品、60余款智能机器人，以及100余款"全球首发"或"中国首秀"的新品。较去年相 比，机器人参展数量呈几何级增长，去年仅有18家机器人相关企业参展，而今年已超过80家。其中，人形机器人备受关注，超过150台人形机器人在此次 大会上展出，这也是国内人形机器人有史以来最大规模的一次集中展示。 人形机器人相关技术继续保持进步。在大模型能力方面，持续迭代的大模型使人形机器人更具自主性。例如，智元机器人旗下的灵犀X2搭载多模态大模 ...

Group 1 - The core point of the news is that Midea Group has been actively repurchasing its shares, demonstrating management's confidence in the company's long-term value and potentially increasing the earnings per share if the repurchased shares are canceled [2][3]. - As of July 31, Midea Group has repurchased a total of 50 million shares since 2025, with a total expenditure exceeding 3.6 billion yuan [2]. - The company has announced two major share repurchase plans this year, with a total budget of 65 billion to 130 billion yuan, and has already executed significant portions of these plans [2]. Group 2 - Midea Group is focusing on developing humanoid robots, particularly enhancing the dexterity and flexibility of their design, while also upgrading the robot's "brain" for improved performance [3]. - The company is expanding its presence in international markets, particularly in Europe and Latin America, and has made strategic acquisitions and investments in these regions [3]. - Midea Group is also positioning itself in the energy sector as a new pillar of growth, aiming to leverage opportunities arising from global climate change [3]. Group 3 - Midea Group's stock price reached a high of 80.5 yuan per share on March 31 and a low of 66.02 yuan per share on April 7 this year [4]. - As of July 31, the stock price decreased by 2.66% to 70.19 yuan per share, coinciding with the lifting of restrictions on several batches of stock incentive plans [4].

7月30日，今年首只"10倍股"的上纬新材(688585.SH)股价继续走高，尾盘一度涨超 17%，创下99元/股的新纪录。截至收盘，上纬新材股价报92.07元/股，上涨9.37%， 年 内涨幅超1288%。 然而，上纬新材的飙涨被按下了"暂停键"。7月30日晚间，上纬新材发布公告称，因公司股 票7月9日至7月30日期间多次触及股票交易异常波动及严重异常波动情形，为维护投资者 利益，公司将就股票交易波动情况进行停牌核查。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌期 | 停牌终 | 复牌 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 日 | 正日 | H | | 688585 | 上纬新材 | A 股 停牌 | 2025/7/31 | | | | 上纬新材股票于7月31日（星期四）开市起停牌，预计停牌时间不超过3个交易日，自披露 核查公告后复牌。 此外，公司股票价格涨幅显著高于同期相关指数涨幅，换手率显著高于前期水平，市盈率显 著高于行业平均水平。同时，公司外部流通盘较小。截至2025年7月30日，公司控股股东 SWA ...

又一家机器人企业，向科创板发起冲刺。 7月30日晚，四川天链机器人股份有限公司（下称"川机器人"）公告称，公司与华安证券于7月25日签署了《四川 天链机器人股份有限公司与华安证券股份有限公司关于首次公开发行股票并在上海证券交易所科创板上市之辅导 协议》，四川证监局于7月30日对辅导备案材料予以受理。 川机器人核心产品为谐波减速机，并有多款自研的人形机器人本体，包括足式的T1 PRO、T1 Ultra、T1 mini和 轮式的C1s。 近期，人形机器人企业正在密集奔赴资本市场，年内至少已有13家机器人公司向港交所递交上市申请。A股方面， 宇树科技在浙江证监局办理辅导备案，不过尚未披露上市板块，多位投资人预计其"第一落点"同样为科创板。 与其他"新秀"相比，川机器人早已是二级市场的"熟面孔"。公司成立于2012年，后于2015年在新三板挂牌上 市，现为新三板创新层企业。2024年，公司实现营收2991万元，同比增长39.81%；归母净利润亏损1427万元， 同比减亏23.95%。 "人形机器人第一股"已花落在港上市的优必选，谁又将成为A股"人形机器人第一股"？拭目以待。 谐波减速机是一种基于弹性变形传动的精密减速 ...

7月26日，武汉投控集团与东湖高新区签订战略合作协议，核心内容之一，是由武汉投控集团旗下 武汉基金，联合长江证券、东湖高新区，共同发起设立总规模100亿元的湖北人形机器人母基金。 武汉投控集团有关负责人介绍，将发挥母基金投资引领作用，采用"母基金+项目直投"方式，围绕 机器人核心技术与零部件、软件与平台等产业，深耕工业、服务、医疗、农业等细分应用领域，前 瞻布局人形机器人"大脑"和"小脑"及"肢体"等未来制造领域关键技术，致力于将机器人产业打造成 重要增长点，推动武汉成为全国乃至全球机器人产业的重要基地。 今年年初湖北"新春第一会"上，10款人形机器人"首秀"；7月20日，第三届链博会上，20款整机人 形机器人惊艳亮相，其中，汉产"光子"机器人完成首发，单台售价55万元，吸引不少海内外观众 体验互动……武汉机器人产业正以肉眼可见的速度，拔节生长。 基金进展如何？武汉投控集团有关负责人介绍，湖北人形机器人母基金已完成首期50亿元基金设 立，并在中国证券投资基金业协会备案，具备投资条件。 在全球首届人形机器人半程马拉松比赛中，武汉朗毅机器人有限公司生产的朗毅机器人凭借卓越性 能大放异彩，企业订单纷至沓来。此前，武 ...

Economic News - The National Development and Reform Commission is soliciting public opinions on the "Guidelines for the Layout and Investment Direction of Government Investment Funds" and the "Management Measures for Strengthening the Guidance and Evaluation of Government Investment Fund Investment Direction," emphasizing the role of government investment funds in supporting strategic initiatives and attracting social capital [1] - In June 2025, the Ministry of Finance issued new bonds totaling 628.1 billion yuan, including 101 billion yuan in general bonds and 527.1 billion yuan in special bonds, with a total of 1,175.3 billion yuan in local government bonds issued [1] - The State Administration for Market Regulation has initiated a pilot program for product carbon footprint labeling, aiming to enhance collaboration among regulatory departments and promote the application of certification results [1] - In July, the Manufacturing Purchasing Managers' Index (PMI) was reported at 49.3%, indicating a slight decline in manufacturing activity, with large enterprises maintaining a PMI above the critical point [1] - Beijing has issued measures to improve the fertility support policy system, including optimizing childcare support policies and establishing a dynamic adjustment mechanism for childcare service prices [1] - The National Health Commission held a meeting to strengthen the prevention and control of the Chikungunya virus, emphasizing the need for effective measures to maintain public health and economic stability [1] - The U.S. has suspended the minimum tax exemption for low-value goods, effective August 29, impacting goods valued at or below $800 [5] - The Federal Reserve has decided to maintain the federal funds rate target range at 4.25% to 4.50%, indicating a cautious approach to future rate changes amid economic uncertainties [5] - The China Council for the Promotion of International Trade reported a 37.8% month-on-month decrease in the global trade friction index in May, reflecting a reduction in trade tensions [5] - Guangdong Province is intensifying efforts to regulate the live e-commerce industry, focusing on protecting consumer rights and enhancing regulatory enforcement [5] Company News - Yonghui Supermarket plans to issue A-shares to no more than 35 specific investors, raising up to 3.992 billion yuan for store upgrades, logistics improvements, and working capital [6] - Hehua Co., Ltd. has suspended trading of its stock due to potential changes in its controlling shareholder, with discussions ongoing [6] - Changjiang Electric Power reported a total revenue of 36.587 billion yuan for the first half of 2025, a year-on-year increase of 5.02%, driven by increased electricity generation [6] - Jinchengzi is planning to acquire a 55% stake in Changchun Samit Optoelectronics through a combination of stock issuance and cash payment, with trading suspended for up to 10 days [6] - CATL's revenue for the first half of the year reached 178.886 billion yuan, a year-on-year increase of 7.27%, with net profit growing by 33.02% [7] Industry Insights - The implementation of the child-rearing subsidy policy is expected to benefit the entire fertility industry chain, particularly in the demand for baby products and children's clothing [8] - The textile manufacturing sector is showing positive performance, with Baolong Oriental expecting a net profit increase of 50.2% to 76.0% in the first half of the year due to strong order volumes [9] - The home furnishing sector is experiencing pressure from declining real estate data, but retail sales remain strong, supported by government subsidies [9] - The toy industry, particularly for brands like Pop Mart, is seeing stable second-hand prices, indicating strong demand and a healthy market environment [10] - The textile and apparel industry has shown growth, with significant increases in various sectors, including beauty and personal care [11]

国内机器人产业加速拓展，Al Agent 持续演进，持续看好相关产业 投资机会 证券研究报告 | 行业周报 2025 年 07 月 31 日 | 股票 | 股票 | 投资 | EPS （元） | | PE | | | --- | --- | --- | --- | --- | --- | --- | | 代码 | 名称 | 评级 | 2025E | 2026E | 2025E | 2026E | | 002463.SZ | 沪电股份 | 买入 | 1.85 | 2.45 | 29.45 | 22.24 | | 002881.SZ | 美格智能 | 买入 | 0.73 | 0.92 | 60.41 | 47.93 | | 300308.SZ | 中际旭创 | 买入 | 7.6 | 8.29 | 27.71 | 25.4 | | 300394.SZ | 天孚通信 | 买入 | 3.68 | 4.53 | 27.63 | 22.45 | | 301285.SZ | 鸿日达 | 买入 | 0.21 | 0.7 | 198.67 | 59.6 | | 600941.SH | 中国移动 | 买入 | 6.77 | 7.1 ...

东兴证券研报指出，科达利为锂电结构件龙头，拓展人形机器人第二曲线。公司坚持定位于高端市场、采取重点领域的大客户战略，已与CATL、LG、松下等国内外头部电池厂商建立长期稳定合 ...

Industry Overview - The rapid development of artificial intelligence and key component technologies is driving significant breakthroughs in robotics research, with applications expanding from manufacturing to service, consumer, and security sectors [1] - The global humanoid robot market is expected to exceed $20 billion by 2030, with a CAGR of 77.83% from 2026 to 2030, while China's humanoid robot market is projected to reach $5 billion by 2030 [1] Company Strategy - Zhongjian Technology has historically focused on garden machinery exports, establishing a robust marketing network and after-sales service system across Europe, America, Australia, and Asia [2] - The company is transitioning from gasoline-powered equipment to intelligent devices, driven by advancements in SLAM, RTK, and lithium battery technologies [3] - Zhongjian Technology has increased its R&D investment in lithium battery garden equipment and established subsidiaries to enter the intelligent robotics sector [3][5] Competitive Advantage - Strong R&D capabilities are considered the core competitive advantage for robotics companies, with a need to extend influence along the supply chain to enhance resource integration and cost control [1][3] - Chinese companies have significant advantages in manufacturing capabilities, engineer availability, and cost, which are crucial for competing in the global market [3] Financial Performance - Zhongjian Technology's R&D expenses reached 72.68 million yuan in 2024, more than doubling year-on-year [5] - The company's overall gross margin has improved from 18% to approximately 30% due to the integration of automation solutions with traditional garden machinery [6] Product Development - The company has developed a product matrix that includes intelligent garden robots, quadrupedal robots, wheeled robots, and bipedal robots, supported by dedicated R&D teams [4][7] - Effective solutions for practical issues, such as autonomous positioning for intelligent lawn mowers, have been achieved through innovative yet cost-effective methods [7] Market Opportunities - Zhongjian Technology is focusing on expanding its product offerings in high-demand areas such as garden robots, waste collection, tennis training, and security inspections, with some products achieving gross margins of 70% or higher [8]