11月17日，江苏雷利盘中上涨2.01%，截至11:06，报48.20元/股，成交1.31亿元，换手率0.62%，总市值 215.52亿元。 分红方面，江苏雷利A股上市后累计派现10.27亿元。近三年，累计派现5.31亿元。 机构持仓方面，截止2025年9月30日，江苏雷利十大流通股东中，永赢先进制造智选混合发起A （018124）位居第四大流通股东，持股605.07万股，相比上期减少13.26万股。华夏中证机器人ETF （562500）位居第五大流通股东，持股493.37万股，相比上期增加91.99万股。香港中央结算有限公司位 居第七大流通股东，持股288.87万股，相比上期增加91.77万股。华商润丰混合A（003598）位居第八大 流通股东，持股216.24万股，相比上期增加42.32万股。天弘中证机器人ETF（159770）位居第十大流通 股东，持股196.50万股，相比上期增加34.42万股。南方中证1000ETF（512100）退出十大流通股东之 列。 责任编辑：小浪快报 今年以来江苏雷利已经1次登上龙虎榜，最近一次登上龙虎榜为2月21日，当日龙虎榜净买入3.10亿元； 买入总计5.66亿元 ，占 ...

截至10点16分，机器人ETF（562500）早盘呈现 窄幅震荡，最新价 0.963 元，较昨收微跌 0.10%。分时 上看，价格围绕分时均线反复震荡，短线缺乏明显方向，仍属弱势整理。持仓股结构分化，34 只上 涨、39 只下跌，个别标的波动较大，其中伟创电气、海目星等多股录得 2%–6% 涨幅，而迈赫股份、宏 英智能等品种跌幅居前，显示板块内部强弱分化加剧。流动性方面，成交活跃度良好，换手节奏正常。 消息方面，近日，首程控股公布2025年第三季度业绩，并同步宣布被投企业宇树科技已正式完成IPO辅 导工作，距离A股"人形机器人第一股"更进一步。该事件被视为首程控股机器人投资布局的重要里程 碑。财报显示，首程控股前三季度收入同比增长30%至12.15亿港元，归母净利润同比增长22%至4.88亿 港元，延续稳健增长趋势。公司现金及理财资产增至85.5亿港元，资产负债率保持在31.5%的健康水 平。基于充裕的资金实力和对未来发展的信心，公司宣布将在未来三年内实施10亿港元股份回购计划， 以提升股东回报并增强市场信心。与此同时，首程控股重点投资企业——宇树科技已由中信证券完成 IPO辅导，云深处也宣布完成股改。其中， ...

Core Viewpoint - Dongmu Co., Ltd. has experienced a stock price increase of 69.19% year-to-date, but has seen a decline of 6.48% in the last five trading days, indicating potential volatility in its stock performance [1] Financial Performance - For the period from January to September 2025, Dongmu Co., Ltd. achieved a revenue of 4.417 billion yuan, representing a year-on-year growth of 22.32% [2] - The net profit attributable to shareholders for the same period was 415 million yuan, reflecting a significant year-on-year increase of 50.10% [2] Shareholder Information - As of September 30, 2025, the number of shareholders for Dongmu Co., Ltd. reached 57,000, an increase of 56.29% compared to the previous period [2] - The average number of circulating shares per shareholder decreased by 36.02% to 10,812 shares [2] Dividend Distribution - Since its A-share listing, Dongmu Co., Ltd. has distributed a total of 1.56 billion yuan in dividends, with 370 million yuan distributed over the last three years [3] Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited is the third-largest circulating shareholder, holding 31.2923 million shares, an increase of 3.6932 million shares from the previous period [3] - Southern CSI 1000 ETF is the seventh-largest circulating shareholder, holding 5.634 million shares, a decrease of 43,200 shares from the previous period [3] - E Fund Quality Momentum Three-Year Holding Mixed A is the eighth-largest circulating shareholder, holding 5.1246 million shares, a reduction of 324,300 shares from the previous period [3]

Core Viewpoint - Mingzhi Electric has shown a stable performance in the stock market with a year-to-date increase of 25.33% and a recent market capitalization of 28.337 billion yuan, indicating strong investor interest and potential growth in the automation and intelligent control sectors [1][2]. Company Overview - Mingzhi Electric, established on July 7, 1998, and listed on May 9, 2017, focuses on research and development in motion control and intelligent power supply solutions, with a significant emphasis on automation and intelligent technology [1]. - The company's revenue composition includes 83.60% from control motors and drive systems, 8.39% from trade products, 6.90% from power and lighting system control, 1.07% from equipment status management systems, and 0.03% from other sources [1]. Financial Performance - For the period from January to September 2025, Mingzhi Electric reported a revenue of 2.043 billion yuan, reflecting a year-on-year growth of 11.66%, and a net profit attributable to shareholders of 49.8379 million yuan, up 5.43% year-on-year [2]. - The company has distributed a total of 170 million yuan in dividends since its A-share listing, with 56.2602 million yuan distributed over the past three years [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders increased by 16.10% to 63,300, with an average of 6,613 circulating shares per person, a decrease of 13.87% [2]. - Notable institutional shareholders include the E Fund National Robot Industry ETF and the Huaxia CSI Robot ETF, indicating growing institutional interest in the company [3].

《2025人形机器人与具身智能产业研究报告》显示，2025年，中国具身智能市场规模预计达52.95亿 元，占全球约27%；人形机器人市场规模预计达82.39亿元，占全球约50%。天风证券认为，从技术突破 到生态整合与积极产业政策，中国具身智能产业或正迎来体系化跃升阶段，这种强大的产业动能和逐步 扩大的市场规模，将稳固中国在全球机器人产业中的领先地位。 分析师指出，上市后，宇树科技势必会通过融资扩大产能，相关供应链企业有望迎来订单放量的黄金机 遇，上下游协同的良性生态有望加速形成。 产业链协同效应凸显，商业化落地加速 分析指出，人形机器人产业涉及众多细分领域，其中三个方向最值得关注：核心零部件与传感器是机器 人的"五官与四肢"，AI算法与软件系统是机器人的"大脑与神经"，应用场景与解决方案是商业化的关 键。 具身智能技术逐渐走向落地，产业链各环节的资本与技术力量正迅速聚拢，而上市公司则纷纷锚定自身 优势，在产业链各环节加速卡位。随着宇树科技资本化进程推进，预计将从供应链合作、技术共研、市 场拓展等多个维度对产业链合作伙伴产生积极影响。 公开信息显示，目前部分上市公司已与宇树科技建立了稳定的合作关系，其中就包括港 ...

每经AI快讯，有投资者在投资者互动平台提问：请问公司有向小鹏机器人提供相关设备吗？ （记者 王瀚黎） 科瑞技术（002957.SZ）11月17日在投资者互动平台表示，公司目前直接或间接为国内外品牌客户提供 人形机器人髋部、四肢、骨架、关节等部位或固定支架相关的精密零部件。公司始终致力于紧跟下游各 品牌客户的发展步伐，积极布局机器人相关领域更多业务机会。由于公司与客户签有严格的保密协议， 涉及客户的商业机密，出于审慎原则，不便对具体应用细节进行回复，敬请谅解。 ...

Group 1 - The People's Bank of China announced the November Loan Prime Rates (LPR) for one-year and five-year terms [2][3] - A total of 39 stocks will be unlocked this week, with a combined market value of approximately 951.97 billion yuan [2][3] - The highest market value of unlocked shares is from Ruijie Networks, amounting to 480.34 billion yuan, followed by Innovation New Materials at 105.42 billion yuan [4][5] Group 2 - The State Council held a meeting to enhance the adaptability of supply and demand for consumer goods, aiming to stimulate consumption and promote economic circulation [7] - The Ministry of Finance emphasized the importance of counter-cyclical and cross-cyclical adjustments to maintain economic support through various fiscal tools [8] - The China Securities Regulatory Commission is focusing on enhancing market resilience and attractiveness, aiming for higher quality and value in listed companies [9] Group 3 - The State Administration for Market Regulation released a draft for public consultation on antitrust compliance guidelines for internet platforms [10] - The Ministry of Commerce announced stricter management of second-hand car exports to prevent new cars from being exported under the guise of second-hand vehicles [11] - Yushun Technology has completed its IPO counseling, preparing for its public offering in China [12]

Group 1: Tesla's Executive Compensation Plan - Tesla's shareholders approved an unprecedented compensation plan for Elon Musk, potentially granting him up to 423.7 million shares, making him the highest-paid CEO in history [1] - The plan requires Musk to achieve specific KPIs over the next decade, including increasing Tesla's market value to over $8.5 trillion and delivering more than 20 million new vehicles [1] - A notable target within the plan is the delivery of 1 million humanoid robots, with the production of the V3 version of the Optimus robot set to begin in 2026 [1] Group 2: Humanoid Robot Market in China - In October, several Chinese humanoid robot companies announced significant orders, with at least seven companies securing contracts worth over 100 million or involving more than 1,000 units [2] - The demand for humanoid robots is expected to reach between 10 billion to 20 billion units globally, potentially surpassing the demand for automobiles [2][3] - China's comprehensive industrial system and high-quality supply chain provide a competitive advantage in the humanoid robot sector, enabling rapid formation of industrial clusters [2] Group 3: Application and Policy Support - The primary application for humanoid robots is in smart manufacturing, with diverse manufacturing scenarios in China allowing for effective deployment and data collection for training [3] - Recent government policies, such as the Ministry of Industry and Information Technology's guidelines, support the high-quality development of the humanoid robot industry [3] - The competition in the humanoid robot market is shifting from demonstration to actual delivery in real-world scenarios, emphasizing the importance of operational data for continuous improvement [3] Group 4: Investment Opportunities - The humanoid robot ETF (562500) is highlighted as a significant investment vehicle, containing over 60% exposure to humanoid robot companies and covering upstream and downstream leaders in the industry [4]

（一）重要市场新闻 11月16日，据媒体报道，华为将在11月21日发布AI领域的突破性技术，有望解决算力资源利用效率的难 题。具体来看，华为即将发布AI领域的突破性技术，可将GPU（图形处理器）、NPU（神经网络处理 器）等算力资源的利用率，从行业平均的30%至40%提升至70%，显著释放算力硬件潜能。 （二）行业掘金 点评：未来太空经济将会成为一个新的产业领域，涉及到卫星通信、卫星导航、卫星遥感、太空旅游等 多个方面。星地通信产业当前市场规模约400-500亿元，预计到2030年将突破2000-4000亿元，年均复合 增长率在10%-28%之间。星地通信产业正站在从"概念验证"向"规模化应用"的关键转折点，随着技术成 熟、成本下降和应用场景拓展，未来十年将形成"天地一体、万物互联"的新型通信格局，成为推动数字 经济高质量发展的重要引擎。概念股包括天银机电、上海瀚讯、佳缘科技等。 3、据报道，IBM公司近日宣布，在实现两大目标方面取得根本性进展：计划于2026年底前实现量子优 势，并于2029年前达成容错量子计算。IBM推出其迄今最先进的量子处理器——"夜鹰"，预计将于2025 年底交付用户。此外，IBM同时 ...

Group 1 - The C919 aircraft from China Southern Airlines successfully arrived at Dubai Al Maktoum International Airport on November 14, marking its first appearance in the Middle East at the 2025 Dubai Airshow [4][5] - During the "14th Five-Year Plan" period, the C919 is expected to transition from its maiden flight to regular commercial operations, representing a significant milestone for China's aviation industry, with over 1,000 domestic and international orders received [4] - The Middle East market is projected to require 3,000 new passenger aircraft over the next 20 years, valued at over $500 billion, indicating a strong growth opportunity for the aviation sector [4] Group 2 - Bilibili hosted a 2025-2026 domestic animation release conference, announcing 40 new domestic animation works, including a return of the popular series "The King's Avatar" [8] - Since 2018, Bilibili has launched over 3,000 domestic creations, with a significant increase in viewing time for domestic content, reaching nearly 970 million hours in the past year [8] - The user base of Bilibili has grown to 330 million, highlighting the platform's increasing popularity among younger audiences [8] Group 3 - Yushun Technology has completed its IPO guidance work, with expectations to strengthen its leading position in the humanoid robot sector through capital market support [9] - The company has shown significant advantages in humanoid robotics, with ongoing product and technology iterations [9] - Related companies like Fengli Intelligent and Far East Holdings are collaborating with leading firms in the humanoid robotics industry, indicating a growing ecosystem [9] Group 4 - Aerospace industry players like AVIC Xi'an Aircraft Industry Group are expected to benefit from the rapid development of the domestic civil aircraft industry, particularly with the C919 and other new models [5] - The demand for domestic aircraft components is anticipated to rise, driven by the need for localized production of key systems such as engines [4][5]