春回大地，年味与科技撞个满怀。2026年马年春节，一场热闹非凡的"机器人春节档"火热上演。人形机 器人登上春晚舞台并成功破圈，从实验室走向大众视野，成为新春里最具热度的科技风景线。 借着这股春风，人形机器人赛道在2026开年迎来密集融资潮：2月11日，星海图完成10亿元B轮融资；2 月23日，智平方斩获超10亿元B轮系列融资；一天之后的24日，千寻智能宣布近期连续获得两轮融资， 总额近20亿元，3家头部企业接连拿下大额融资。至此，连同宇树科技、智元机器人、银河通用在内， 国内已有6家企业跻身人形机器人"百亿估值俱乐部"。 从产业资本到国资母基金，从顶级PE到老股东，各路资本持续加码、争相入局，用真金白银为企业技 术路线与商业化前景投下信任票，赛道开年以来的发展活力与资本助力持续强劲。 百亿新贵 2026年开年，人形机器人"百亿估值俱乐部"迎来实质性扩容，星海图凭借2月11日完成的10亿元B轮融 资，正式跻身这一梯队，成为赛道新晋百亿独角兽。 大额融资落地，恰逢马年春节期间机器人借春晚舞台实现全民破圈，行业关注度的集中攀升，也让这份 融资成果被赋予了更强的行业信号意义。 2月16日，越疆协作机器人亮相2026年 ...

他联合清华助理教授高阳、工业机器人出海先行者郑灵茵，于2024年创立千寻智能。 骨干成员多来自UC Berkeley、清华、北大等顶尖学府，平均年龄不到30岁，已在多模态大模型、机器人学、强化学习等具身模型核心领域，有较深厚的 学术与工程基因。 团队自研具身大脑模型，打造轮式底盘加人形上身的"墨子机器人"。 2025年底，"小墨"正式投入宁德时代中州基地的新能源动力电池PACK生产线，负责电池接插件插接等复杂作业，稳定量产。 马年伊始，具身智能赛道又迎来一位百亿玩家。 2月24日，千寻智能宣布，近期连续完成两轮融资，累计金额近20亿元，估值突破100亿元大关。 本轮融资获得云锋基金、红杉中国等机构，以及TCL创投、重庆产业母基金等产业和国有资本加持，顺为资本、达晨财智等老股东大额追投。 创始人兼CEO韩峰涛，现年42岁，本科毕业于华中科技大学自动化学院，博士师从机器人学术泰斗丁汉院士，深耕工业机器人行业十余年。 2014年，他从国企辞职，与同事联合创办珞石机器人，主导交付了超2万台工业机器人，覆盖20多个行业场景。 再次创业，韩峰涛定下目标，"十年让全球10%的人拥有自己的机器人"。 据RoboChallen ...

视频显示，Unitree As2极限速度达5m/s，采用仿生具身大模型，可在复杂地形和恶劣环境自如行走，并升级ISS3.0智能伴随系统，选配加载7轴灵巧机械臂 等配件。 【导语】宇树发布四足机器人Unitree As2 宇树科技，重磅发布！ 2月24日，宇树科技发布视频，官宣其四足机器人Unitree As2。 据官网介绍，Unitree As2采用强劲电机，超强负载，最大关节扭矩约90N.m，扭矩重量比约5N·m/kg（自重18kg）；搭载648Wh（15000mAh）大容量电 池，空载续航超过4h，负重15kg，可连续工作超2.5h，持续行走超13km。 Unitree As2采用IP54防雨水设计，可在复杂天气和环境中稳定工作；仿生具身大模型，实现奔跑、攀爬、跳跃等多种灵敏动作，最大空载速度达5m/s，具 备攀越50厘米垂直高台及40°斜坡的能力；配备8核高性能CPU，升级ISS 3.0智能伴随系统，实现厘米级高精度定位与稳定伴随/跟随；提供友好的二次开 发接口，支持搭载AI大模型，实现具身智能交互与自主决策。 | 伴随模组 | 前置摄像头 | 扬声器和麦克风 | 丰富外置接口 | | --- | -- ...

知名私募投资人葛卫东，在此前密集投资GPU等人工智能产业之后，开始押宝机器人行业了。 2月24日，记者自具身智能企业千寻智能获悉，该公司于近日连续完成两轮融资，规模近20亿元，云锋 基金、某头部国资机构、混沌投资、红杉中国等机构参投。此外，Synstellation Capital、TCL创投、明 荟致远等产业资本，重庆产业投资母基金、杭州金投等国有资本，360基金、厚雪资本等战投机构共同 参与。 随着本轮融资的落地，千寻智能估值一举突破百亿大关，正式跻身具身智能赛道"百亿俱乐部"。 千寻智能成立于2024年1月，是一家专注于构建机器人"通用大脑"的具身智能公司。成立以来，千寻智 能吸引了多元产业资本：从宁德时代、汇川技术、TCL等工业制造龙头，到京东、招商局创投代表的物 流零售与金融基础设施，再到华为、小米两大消费电子巨头。 公司创始人兼CEO韩峰涛是一名机器人行业连续创业者，曾担任珞石机器人联合创始人、CTO。联合创 始人高阳是具身智能领域"伯克利归国四子"之一，也是清华大学交叉信息研究院助理教授。 韩峰涛此前在接受上海证券报采访时表示，千寻智能采用"软硬协同"发展策略，在强化AI算法同时，重 点突破硬件 ...

中新网北京2月24日电(记者吕少威陈杭)在刚刚结束的春节假期，机器人大放异彩，热度持续飙升。这 其中，北京"智造"的机器人给人留下了深刻印象。 在央视春晚舞台上，松延动力携多产品矩阵亮相，四个步履精准的双足人形机器人和一个仿生人形机器 人，与艺术家蔡明完美配合完成了一场科技与艺术融合的视觉盛宴。银河通用的具身大模型机器人不仅 在舞蹈节目中亮相，还参演了贺岁微电影《我最难忘的今宵》。在复杂的直播环境中，机器人凭借环境 感知与实时交互技术，与沈腾、马丽等演员自然搭戏配合，精准响应剧情节奏与即兴互动，打破了"预 设程序"的表演模式，智能水平让人眼前一亮。 此外，春节假期，机器人还走进了北京特色庙会现场，营造可感可触的"科技年味"。2026海淀新春科技 庙会现场集结43项具身机器人展项，其中34项人形机器人展项，还有多项AI大模型、数字人、VR、 AIGC等精彩前沿科技互动体验。在国家会议中心二期热闹举行的2026大都新春庙会上，春晚同款机器 人集体亮相，把科技感直接拉满。锣鼓喧天的传统庙会遇上身手不凡的机器人天团，传统民俗与前沿科 技混搭碰撞，为期7天的文化盛宴，让市民逛出别样新年味。 2026年开年以来，北京机器 ...

Core Viewpoint - Dongyangguang is planning to acquire control of Dongshu Yihua through a share issuance and raise supporting funds, which is expected to constitute a major asset restructuring and related party transaction [1] Group 1: Acquisition Details - The acquisition target, Dongshu Yihua, indirectly holds 100% equity of Qinhuai Data's China operations, which is a leading provider of computing power infrastructure services in China and the Asia-Pacific region [4] - Dongshu Yihua completed the acquisition of Qinhuai Data's China operations for a total price of 28 billion yuan in January 2026 [1][4] - Dongyangguang's stock was suspended from trading on February 24, with a total market value of 113.8 billion yuan before the suspension [3][2] Group 2: Financial Performance - Qinhuai Data's China operations reported revenue of 6.048 billion yuan and a net profit of 1.309 billion yuan for the year 2024, with revenue of 2.608 billion yuan and a net profit of 745 million yuan for the first five months of 2025 [5][4] - The total assets of Qinhuai Data were approximately 21.639 billion yuan in 2024, with total liabilities of about 12.923 billion yuan, resulting in net assets of around 8.717 billion yuan [5] Group 3: Regulatory and Strategic Context - Dongyangguang's previous capital increase to participate in Qinhuai Data's operations had drawn regulatory attention, leading to inquiries regarding the necessity and valuation of the transactions [6][9] - The acquisition is seen as a strategic move to align with national digital economy development strategies and to explore synergies between Dongyangguang's technology in electronic materials and Qinhuai Data's data center operations [7][10] Group 4: Future Growth and Synergies - Dongyangguang aims to leverage synergies in technology, products, and demand between its operations and Qinhuai Data's services, particularly in the rapidly growing field of intelligent robotics [11] - The integration of liquid cooling technology with Qinhuai Data's infrastructure is expected to enhance operational efficiency and support the growth of Dongyangguang's intelligent robotics business [11]

Core Viewpoint - Dongyangguang (600673) is planning to acquire control of Yichang Dongshu No. 1 Investment Co., Ltd. through a share issuance, which is expected to constitute a major asset restructuring and related party transaction without changing the actual controller of the company [1] Group 1: Transaction Details - The transaction is currently in the planning stage, and the company is actively negotiating with potential transaction parties [6] - A preliminary acquisition intention agreement has been signed with the initially determined transaction party, with specific transaction methods, pricing, and arrangements to be negotiated later [6] - The stock of Dongyangguang has been suspended from trading since February 24, 2026, and is expected to remain suspended for no more than 10 trading days [1] Group 2: Financial Performance - As of the last trading day before suspension (February 13), Dongyangguang's stock price was 37.8 yuan per share, with a market capitalization of 113.8 billion yuan [5] - In the first three quarters of 2025, Dongyangguang reported revenue of 10.97 billion yuan, a year-on-year increase of 23.56%, and a net profit attributable to shareholders of 906 million yuan, a year-on-year increase of 189.80% [6] Group 3: Business Overview - Dongyangguang's main business segments include electronic components, high-end aluminum foil, new chemical materials, energy materials, liquid cooling technology, and embodied intelligence [6] - Yichang Dongshu No. 1 was established to acquire Qinhuai Data, which operates a leading neutral third-party ultra-large-scale computing power infrastructure solution [7] - Qinhuai Data focuses on planning, investing, designing, constructing, and operating ultra-large-scale computing power infrastructure, particularly in the context of AI technology and the "East Data West Computing" initiative [7]

Core Viewpoint - Dongyangguang is planning to acquire control of Yichang Dongshu No.1 Investment Co., Ltd. through a share issuance and raise supporting funds, which is expected to constitute a major asset restructuring and related party transaction [2] Group 1: Acquisition Details - The acquisition target, Dongshu No.1, indirectly holds 100% equity of Qinhuai Data's China operations, a leading provider of computing power infrastructure solutions in the Asia-Pacific region [5] - The total price for the acquisition of Qinhuai Data's China operations was 28 billion yuan, completed in January 2026 [5] - Dongyangguang's stock was suspended from trading on February 24, 2023, with a significant price increase of over 31% from February 6 to February 13, 2023, prior to the suspension [2][5] Group 2: Financial Performance - Qinhuai Data's China operations reported a revenue of 6.048 billion yuan and a net profit of 1.309 billion yuan for the year 2024, with revenue of 2.608 billion yuan and a net profit of 745 million yuan for the first five months of 2025 [6] - The total assets of Qinhuai Data were approximately 21.639 billion yuan in 2024, with total liabilities of about 12.923 billion yuan, resulting in net assets of approximately 8.717 billion yuan [6] Group 3: Strategic Importance - The acquisition is seen as a strategic move to integrate high-quality computing power assets into Dongyangguang's corporate structure, aligning with the national digital economy development strategy [7][9] - Dongyangguang's main business segments include electronic components, high-end aluminum foil, chemical new materials, energy materials, liquid cooling technology, and embodied intelligence, with a significant revenue growth of 23.56% year-on-year to 10.97 billion yuan in 2025 [9] Group 4: Synergy and Future Growth - The collaboration between Dongyangguang and Qinhuai Data is expected to create synergies in regional layout, technology, products, and demand, enhancing operational efficiency [10] - The integration of liquid cooling technology with Qinhuai Data's operations aims to establish a comprehensive solution that reduces data center PUE to industry-leading levels and supports the growth of Dongyangguang's embodied intelligence robotics business [10]

人形机器人：春晚表现进步明显，量产临近、爆发在即 20260223 摘要 2026 年被视为人形机器人量产元年，得益于需求端（通用及垂直场景 应用）的推动和技术进步，如工业搬运、纺织服装、电网等领域的积极 布局。 春晚展示了宇树等公司人形机器人在运动性能上的显著提升，包括电机 参数、关节控制精度和身体自由度的改进，以及硬件迭代和广泛的订单 覆盖。 宇树在智能感知方面采用多模态传感器阵列和自主研发的 AI 融合定位算 法，实现了更自主的定位判断，不再依赖预设定位点。 宇树通过 5G 专网和分布式集群算法，将集群协同能力提升至同步误差 0.01 秒以内，调度方式转变为自主自适应规划，提高了容错机制。 宇树通过 AI 仿真平台进行上亿次强化学习预训练，生成通用特技动作模 型，实现了跨场景双会场表演，提高了场景适配效率。 银河通用展示了端到端自主感知、决策与执行能力，依赖于集成了大脑、 小脑及神经控制系统的银河星脑模型，通过大量仿真数据训练实现泛化 能力。 未来机器人行业重点关注高确定性的核心零部件（如行星滚柱丝杠、谐 波减速器、电子皮肤等）、整机应用场景爆发以及智能感知、轻量化设 计和灵巧操作等新技术发展。 Q&A ...

Summary of Conference Call Notes Industry Overview - The humanoid robot market in China is projected to reach a scale of 75 billion yuan by 2029, with a market share exceeding 30%, making China the leading country in the global humanoid robot market [3][4] - The robot industry chain has completed its initial development phase from 2021 to 2025, and large-scale production is expected to begin in 2026 with major companies like Tesla and domestic leaders [3] Key Company Insights - Wanxiang Qianchao is focusing on the development of planetary roller screws and precision bearings for robots, targeting key robot users for product development [4] - Wuzhou Xinchun has prioritized the development of embodied intelligent robots and has introduced new products such as dexterous micro screws and linear actuators [4] - ByteDance's Seedance 2.0 has been integrated into the Spring Festival Gala, enhancing the event with AI-driven content creation and interaction capabilities [4][5] Technological Advancements - The integration of AI tools in various sectors, including marketing, film, and gaming, is expected to reshape industry dynamics [5] - Companies like Fantou Digital are leveraging AI and big data to provide integrated solutions across multiple industries, including smart cities and intelligent manufacturing [5] Market Trends - The robot sector has gained significant attention during the Spring Festival, with increased consumer interest and sales driven by the visibility of robots at the gala [11] - The trading volume in the market decreased by 159.1 billion yuan compared to the previous trading day, with a notable reduction in the number of stocks exceeding 1 billion yuan in transaction volume [11] Notable Stock Performances - The robot sector saw a significant number of stocks reaching new highs, with 25 stocks in the robot category achieving this milestone [15] - Companies like Baida Precision and Tianqi Co. have seen stock price surges, indicating strong market interest in humanoid robots as 2023 is considered the "year of mass production" for humanoid robots [11] Strategic Collaborations - Fengyuzhi has formed strategic partnerships with various tech companies to enhance its AI and 3D strategy, focusing on immersive experiences in cultural and technological integration [20] - The company is expanding its digital creative offerings through collaborations that leverage cutting-edge technologies like holography and AI-generated content [20] Conclusion - The humanoid robot market is on the verge of significant growth, driven by technological advancements and increased consumer engagement, particularly highlighted during major events like the Spring Festival Gala. Companies are strategically positioning themselves to capitalize on this trend through innovation and collaboration.