本报记者 李万晨曦 "2025年被视为具身智能机器人量产元年，工业场景成为其规模化商用的首个突破口。远征A2-W的规模化商业落地不仅是 企业之间产业生态合作升级，也标志着我国工业具身智能产业链从技术验证迈向规模应用新纪元。核心零部件供应商、系统集 成商、制造业企业以及科研机构等产业链主体迎来了新机遇。"北京科方得科技发展有限公司研究负责人张新原在接受《证券 日报》记者采访时表示。 科技部国家科技专家库专家周迪在接受《证券日报》记者采访时表示，与传统工业机器人相比，具身智能机器人具备环境 感知、自主决策和灵活执行能力，能够适应非结构化场景，代表了机器人技术的未来发展方向。 "当下，具身智能机器人在汽车制造、电子装配、物流仓储等领域，毫米级精密装配、柔性产线自主适配等场景的应用落 地，标志着其有望在工业领域实现规模化商用。"周迪说。 前述远征A2-W便是主要为柔性智造场景打造的，其拥有40个主动自由度的关节和仿人灵巧双手，搭配轮式底盘，可广泛 应用于周转箱拆码垛、搬运、上下料等多种场景。今年7月份，远征A2-W成功完成了两班制、单班搬运800余个周转箱的任 务，作业直播3小时0失误，充分展现了其在长时间、高强度、 ...

转自：北京日报客户端 8月12日，为期5天的2025世界机器人大会在北京亦庄落下帷幕。从行业应用的精准赋能，到生活场景的 智慧融入；从人形机器人的灵动跃迁，到具身智能的革新突破。这场以"让机器人更智慧，让具身体更 智能"为主题的国际盛会，通过高水平的论坛研讨、前沿的展览展示、激烈的赛事竞技以及丰富的配套 活动，全方位、多维度呈现了全球机器人领域的最新技术突破、创新应用场景与未来发展趋势，为全球 机器人产业高质量发展注入澎湃动能。 全国政协常委、致公党中央副主席、全国妇联副主席、工业和信息化部原副部长、中国电子学会理事长 徐晓兰，世界机器人合作组织理事长、中国科学院院士、中国科学院自动化研究所多模态人工智能系统 全国重点实验室主任乔红，中国电子学会理事会党委书记、中国人形机器人百人会理事长张峰，中国工 程院外籍院士、德国工程院院士张建伟，中国电子学会副理事长兼秘书长、总部党委书记、世界机器人 大会先进机器人与自动化学术会议主席陈英，北京市经济和信息化局副局长姜洪朝，北京经济技术开发 区管委会副主任梁靓以及企业代表、大赛选手代表、志愿者代表等领导和嘉宾出席闭幕式。 张峰致辞。 张峰在致辞中表示，五天来，全球政产学 ...

8月14日，2025世界人形机器人运动会将在国家速滑馆"冰丝带"盛大开幕，一场集结26个赛项、487场巅峰对决 的机器人竞技盛会即将精彩上演！赛事将于8月15日至17日的3天里火热开展，每日分为上、下午两个竞赛单 元，每个单元持续约3小时。此外，每个竞赛单元还设置2-3次颁奖仪式。 据悉， 业内头部企业【 宇树科技 】 已经通过官方渠道正式宣布，将携自主研发的人形机器人产品参加。 除自 有团队参赛外，多支其他参赛队伍也将选用宇树机器人作为硬件平台，搭载各自研发的算法参与这场全球性竞 技。 以下是全部竞赛日程，欢迎围观： | 田径 | 10:00-11:00 | 100米障碍(第一组) | 馆外东侧 | | --- | --- | --- | --- | | | 15:00-18:00 | 400米(预、复、决赛) | 国家速滑馆 FOP区 | | | 17:00-18:00 | 100米障碍(第二组) | 馆外东侧 | | 足球3V3 | 09:00-11:30 | 小组赛 | 国家速滑馆 | | | 15:00-17:30 | 小组赛 | FOP区 | | 足球5V5 | 09:00-11:50 | 小组赛 ...

中国互联网发展的每一代潮头上都有清华人的身影，比如搜狐张朝阳、美团王兴、快手宿华等。 有趣的是，坐拥深圳清华大学研究院、清华大学深圳国际研究生院等分支机构，深圳是除北京外清华校 友最多的城市。当前，清华创客正批量"南下"，超60家"清华系"上市公司扎根深圳；清华校友创办的硬 科技独角兽有53家，深圳占比30%以上。 "清华系"在深崛起，背后藏着怎样的故事？我国高校长期面临专利"沉睡"难题，清华将为高校科研成果 转化探出一条怎样的路径？ 近两年，AI与机器人浪潮汹涌，清华人亦投入其中。智谱AI、月之暗面、光年之外、小马智行等明星 企业，创始团队均可见清华力量。 近日，深圳南山区举行"X-Day"西丽湖路演社清华校友项目专场。南方财经记者现场获悉，截至2024年 底，"清华系"在科创板/北交所/港交所上市企业共97家，总市值3.8万亿元。清华也是全国培养AI创业者 最多的高校，覆盖大模型、自动驾驶、AI芯片、具身智能机器人等领域。 "南下"All in AI与机器人 4月，智谱AI启动A股IPO辅导，成为国内"大模型六小虎"首家启动IPO的企业。 成立于2019年的智谱有极强的"清华系"色彩：创始人、首席科学家唐 ...

Summary of the Screw Rod Industry Conference Call Industry Overview - The screw rod market is experiencing exponential growth driven by the development of humanoid robots and embodied intelligence, with domestic manufacturers like Zhaowei Electromechanical and Yingshi adopting micro screw rod solutions, significantly increasing demand, especially in the micro screw rod sector [2][3][14] Market Size and Segmentation - The Chinese four-cylinder market (excluding humanoid robots) is approximately 3 billion yuan, with the ball screw rod segment holding the highest share (1.663 billion yuan), while trapezoidal screw rods have the largest sales volume but lower value (1.064 billion yuan), and planetary roller screw rods have the smallest share (118 million yuan). The market is expected to maintain double-digit growth over the next 5-10 years, further propelled by humanoid robots [2][7] Market Dynamics - The ball screw rod market is dominated by Taiwanese, Japanese, and European and American companies, with NSK, THK, and Schaeffler accounting for 94% of the global market share. The domestic high-end ball screw rod localization rate is only 30%, indicating significant room for improvement for local companies [2][9][21] Technological Developments - Planetary roller screw rods are widely adopted in humanoid robot projects by companies like Tesla, Xiaopeng, and Xiaomi due to their high load capacity and self-locking features, particularly suitable for joints requiring high axial force [2][11][12] Design Innovations - Tesla's humanoid robot hand design may shift from a worm gear scheme to a motor with a reducer combined with C-shaped steel and tendon ropes to improve transmission efficiency, indicating a trend towards increased demand for micro C-shaped steel, with a single hand potentially requiring 17 micro screw rods [2][13] Industry Challenges and Improvements - The screw rod processing industry faces challenges such as internal thread grinding precision and efficiency. The industry is actively exploring new processing methods to enhance efficiency and reduce costs, including the use of lightweight materials like PEEK [4][15][19] Future Market Potential - The application of micro screw rods in robots is expected to grow significantly, with projections indicating that if humanoid robot production reaches 1 million units annually, the market for micro screw rods could reach 28 billion yuan. If production reaches 3 million units, the market potential could exceed 50 billion yuan [14][24] Key Players and Developments - Major domestic players in the screw rod industry include Hengli Hydraulic, Shuanglin Co., Huichuan Technology, Best, Beite Technology, and Wuzhou Xinchun, all actively expanding their screw rod and related businesses [22][24] Conclusion - The screw rod industry is poised for significant growth driven by advancements in humanoid robotics and increasing demand for high-performance screw rod solutions. The market dynamics indicate a shift towards domestic production and innovation, with substantial opportunities for local manufacturers to capture market share in high-end applications [2][21][24]

机器人大模型深度：我们距离真正的具身智能大模型还有 多远？20250812 目前人形机器人行业的主要卡点在于模型端。尽管硬件端在二级市场上更受追 捧，但从行业发展的角度来看，模型端才是关键。多模态大模型的出现为人形 机器人装上了智能大脑，这是本轮人形机器人能够发展的底层逻辑。然而，目 前这些大模型仍处于初级阶段，数据飞轮尚未形成，导致模型进展缓慢。 数据飞轮对巨生智能大模型的发展有何影响？ 数据飞轮是驱动巨生智能大模型成熟的核心机制。要实现数据飞轮，需要足够 多的机器人在工厂中运用，以收集大量数据并进行改进。目前的数据不足主要 因为没有足够多的机器人在工厂中运用。因此，从催化和行业进展角度来看， 特斯拉在硬件定型方面起着关键作用。只有当硬件定型后，企业才敢建设更多 的数据中心来采集数据，使得模型变得更智能，从而形成循环。 遥操技术核心在于视频音频数据的快速压缩回传及低延时解压缩，以确 保机器人操作实时性。中期及长期来看遥操技术具有重要刚需。 标的推荐包括动补设备（凌云光）、摄像头（奥维中光）以及遥操技术 相关标的（当红科技和景业智能）。这些方向将成为未来机器人大模型 发展的核心关注点。 巨生智能大模型的发展现 ...

Summary of Key Points from Conference Call Records Industry Overview - The sweeping robot industry is benefiting from technological upgrades and growing consumer demand, particularly due to advancements in laser radar, SLAM algorithms, and self-cleaning features, which enhance product practicality and drive market demand. However, price sensitivity limits penetration rates [1][2][3]. Company Insights 1. **Chasing Company (追觅)** - Adjusted pricing strategy has significantly impacted market competition, leading to fluctuations in market shares for competitors like Ecovacs and Roborock. Aggressive expansion has resulted in financial pressure, potentially affecting long-term competitiveness [1][8][9]. - The company has rapidly expanded into various sectors, including lawn mowers and home appliances, with substantial investments leading to increased operational costs and financial strain [10]. 2. **Roborock (石头科技)** - Transitioned from an agency model to direct sales, enhancing revenue but increasing marketing costs, which may challenge profit margins. Expected profit margins for 2025 are projected to be between 13% and 15% [1][18]. - The company is experiencing rapid growth in overseas markets, with significant revenue increases anticipated from new product launches [16][18]. 3. **Ecovacs (科沃斯)** - Maintains market share through unique product offerings and cost reduction strategies, achieving over 10% profit margins despite intense competition. The company is expanding its overseas presence and has seen substantial growth in its lawn mower and pool cleaning robot segments [21][22]. - Future revenue projections are optimistic, with expectations of reaching 30 billion RMB by 2026, potentially doubling its market value under favorable conditions [24]. Market Dynamics - The sweeping robot market is currently undervalued, with growth potential recognized by growth-oriented fund managers. The industry has seen significant technological advancements, making products more intelligent and practical, which is expected to drive demand [2][3][6]. - The market is experiencing a shift similar to the air conditioning market in the early 2000s, with a need for price adjustments to enhance penetration rates [4][5]. Competitive Landscape - The entry of DJI into the sweeping robot market has not significantly disrupted existing competitors, as the current market dynamics are stable among major players like Roborock and Ecovacs [11][12]. - DJI's high pricing strategy for its sweeping robots may limit its impact on the mainstream market, which remains price-sensitive [14]. Financial Performance and Valuation - Ecovacs is projected to achieve approximately 2 billion RMB in main business revenue by 2025, with a potential market valuation increase if the bull market continues [24][25]. - Roborock's financial performance is expected to improve significantly in the second half of 2025, with a potential doubling of revenue and substantial profit growth anticipated [20][27]. Conclusion - The sweeping robot industry is poised for growth, driven by technological advancements and changing consumer preferences. Companies like Roborock and Ecovacs are well-positioned to capitalize on these trends, although they must navigate competitive pressures and financial challenges. The market's valuation is expected to rise as these companies continue to innovate and expand their market presence [2][3][6][24].

Investment Rating - The investment rating for the company is "Outperform the Market" [5] Core Views - The company achieved a net profit of 537 million yuan in H1 2025, representing a year-on-year increase of 37%. Revenue for the same period was 8.031 billion yuan, up 1% year-on-year, with a gross margin of 25.49% and a net margin of 6.82% [1][3] - The company is a leading player in the industrial and consumer motor sectors, benefiting from government policies promoting equipment upgrades and trade-in programs, which are expected to drive industry demand [2] - The company is actively expanding its overseas market presence and optimizing resource allocation to enhance profit growth [2] - The company has made significant investments in robotics components and has established partnerships to advance embodied intelligence technology [2] - The low-altitude economy is thriving, and the company has strategically entered the aviation motor business, collaborating with major manufacturers to develop electric propulsion systems [3] Financial Forecasts and Indicators - The company is projected to achieve net profits of 1.055 billion yuan, 1.261 billion yuan, and 1.426 billion yuan for the years 2025, 2026, and 2027, respectively, with growth rates of 33%, 20%, and 13% [3][4] - Earnings per share (EPS) are expected to be 0.68 yuan, 0.81 yuan, and 0.91 yuan for the same years, with dynamic price-to-earnings (PE) ratios of 35.8, 30.0, and 26.5 [3][4] - The company's revenue is forecasted to grow from 15.567 billion yuan in 2023 to 18.932 billion yuan in 2027, with a compound annual growth rate (CAGR) of approximately 6.1% [4]

本文字数：2393，阅读时长大约4分钟 作者 | 第一 财经 吕倩 宇树科技CEO王兴兴在2025世界机器人大会（WRC）论坛上发表完对VLA（视觉-语言-动作）路线的质疑观点后，多位模型厂商代表在台下 表达了不同看法，"这个观点不对，核心还是机器人本身不行，大脑没有问题。" 2025年的WRC大会相较往年的不同点，除了更多的具身厂商莅临参展，更多的机器人产品能跑、能跳，还有很多AI大模型厂商与互联网厂 商代表来到现场。 在国家地方共建人形机器人创新中心（简称"创新中心"）首席科学家江磊观察来看，虽然今年有AI厂商参与，但在行业发展层面，具身厂商 与大模型厂商之间尚未形成联动效应。而对VLA技术路线、软硬件关系、数据获取方式的不同看法，也折射出目前具身智能复杂产业链背景 下，不同技术路线之间的关系。 2025.08. 12 热闹表象下的多项挑战 据国际数据公司（IDC）报告，在国家政策引导下，中国人形机器人行业正通过"应用验证—技术突破"的双向循环模式加速发展，吸引多元化 厂商积极入局，市场整体呈现出强劲增长态势。2024年，中国人形机器人商用销售出货量约为两千台，预计到2030年近六万台，复合增长率 达95 ...

我们先来说说：锦秋小饭桌是什么？ 简单来说，这是一个锦秋基金的固定"活动"，每周五晚在北京、深圳、上海、杭州等地举办的AI创业者闭门社交活动。我们把最优秀的创业者、技术大牛、产品创 新者聚在一起，围着一桌好菜，聊那些在办公室里不会聊的真话——没有PPT轰炸，没有商业互吹，只有实打实的干货分享和真诚交流，可能还有各种不敢跟人分 享的创业艰难时刻和投资的决策逻辑。 从2月底第一顿饭开始，不知不觉我们已经连续举办了25场。如果你错过了之前的精彩，没关系——前两次总结分别记录了第1-9场、第10-15场和第16-21场的精彩 内容（点击这里回顾）： 锦秋小饭桌开饭啦！吃饱了，咱们一起改变世界！ 锦秋小饭桌想喊你一起吃饭！ 6场饭局锦秋小饭桌一线观察：AI创业者的焦虑与突围 锦秋小饭桌从第22场吃到了第25场，从入伏吃到了立秋。 最近的4场饭局中，我们集中探讨了多模态技术落地、AI计算架构发展、具身智能实践以及AI硬件创新。从VLM在内容推荐中的应用，到算力消耗与效益瓶颈；从 具身智能里数据实现，到灵巧手实用性困境——每一场都让我们受益匪浅。 当然，我们更希望，你能来和我们一起吃吃饭，聊聊你的经历与思考。 这里先插播后 ...