——机器人产业跟踪 核心观点 机械设备行业 行业研究 | 动态跟踪 国产机器人有望引领全球产业发展 | 杨震 | 021-63325888*6090 | | --- | --- | | | yangzhen@orientsec.com.cn | | | 执业证书编号：S0860520060002 | | | 香港证监会牌照：BSW113 | | 丁昊 | dinghao@orientsec.com.cn | | | 执业证书编号：S0860522080002 | | 量产积极信号频现，海内外共振有望开启 | 2025-07-11 | | --- | --- | | 新行情：——机器人产业跟踪 | | | 龙头继续加码智能物流，看好无人叉车加 | 2025-07-08 | | 速产业化：——无人叉车系列报告 | | | 人形机器人将加速落地，零部件估值有望 | 2025-07-06 | | 提升：——机器人产业跟踪 | | 有关分析师的申明，见本报告最后部分。其他重要信息披露见分析师申明之后部分，或请与您的投资代表联系。并请阅读本证券研究报告最后一页的免责申明。 投资建议与投资标的 国产人形机器人正加速突破，有 ...

Core Viewpoint - Hangzhou Yushu Technology Co., Ltd. (referred to as "Yushu Technology") has completed the filing for guidance on its initial public offering (IPO) and is preparing for its listing with the assistance of CITIC Securities, DeHeng Law Offices, and Rongcheng Accounting Firm [1][3]. Group 1: Company Overview - Yushu Technology was established on August 26, 2016, with a registered capital of 364.017906 million yuan [2]. - The controlling shareholder and actual controller of the company is Wang Xingxing, who directly holds 23.8216% of the company's shares and controls an additional 10.9414% through Shanghai Yuyi Enterprise Management Consulting Partnership [2][5]. - The company operates in the computer, communication, and other electronic equipment manufacturing industry, as well as general equipment manufacturing [2][5]. Group 2: Financial Performance - Yushu Technology's annual revenue has exceeded 1 billion yuan, and it is one of the few profitable companies in the industry [5]. - Since 2020, the company's financial statements have maintained a profitable status [5]. Group 3: Recent Financing Activities - On June 19, Yushu Technology completed a C-round financing led by major investors including China Mobile's fund, Tencent, and Alibaba, with significant participation from existing shareholders [5]. - In February 2024, the company completed nearly 1 billion yuan in B2 round financing, with participation from Meituan and other investors [5]. Group 4: Product Development - Yushu Technology focuses on the independent research, production, and sales of high-performance quadruped/humanoid robots and dexterous robotic arms [4]. - The company has released two humanoid robots, H1 and G1, with G1 priced at 99,000 yuan, attracting significant attention [6][7]. - A new humanoid robot with 26 degrees of freedom is expected to be launched soon, with a price potentially in the thousands of dollars [6]. Group 5: Business Contracts - Yushu Technology recently won a significant contract for humanoid robot manufacturing services from China Mobile's subsidiary, with a budget of 46.05 million yuan for the project [7].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 宇树科技IPO迎重要进展！ 7月18日，中国证监会官网显示，杭州宇树科技股份有限公司（简称：宇树科技）已在浙江证监局办理 辅导备案。 | | | 宇树科技首次公开发行股票并上市辅导备案报告显示，公司控股股东、实际控制人为王兴兴，其直接持 有公司23.82%股权，并通过上海宇翼企业管理咨询合伙企业（有限合伙）控制公司10.94%股权，合计 控制公司34.76%股权。 | 1 64 HU 615 AM 11 17 U | | | | | --- | --- | --- | --- | | 辅导对象 | 杭州宇树科技股份有限公司(以下简称"宇树科技"、"公司") | | | | 成立日期 | 2016年8月26日 | | | | 并被疑执 | 36.401.7906 万元 | 法定代表人 | 王兴兴 | | 在景观光 | 浙江省杭州市溪江区西兴街道东流路 88号1幢 306 室 | | | | 控股股东及持 | 公司控股股东、实际控制人为王兴兴先生,其直接持有公司 | | | | 殷比例 | 23.8216%股权,并通过上海宇虽企业管理咨询合 ...

Core Insights - The industrial added value of large-scale industries in China grew by 6.4% year-on-year in the first half of the year, demonstrating strong resilience following a good start in the first quarter [1] - The manufacturing added value accounted for 25.7% of GDP, remaining stable [1] - Key industries such as electrical machinery, automobiles, electronics, general equipment, chemicals, and non-ferrous metals showed rapid growth, contributing significantly to the overall industrial growth [1] Group 1: Industrial Performance - In the first quarter and second quarter, the industrial added value grew by 6.5% and 6.3% year-on-year, respectively, building on a high base from the previous year [1] - The contribution rates of equipment manufacturing and high-tech manufacturing increased, with their added values reaching 35.5% and 16.4% of large-scale industries, respectively [1] - Profits in industries such as electronics, electrical machinery, and general equipment grew by over 10% [1] Group 2: Regional Contributions - All 31 provinces reported growth in industrial added value, with provinces like Fujian, Anhui, Henan, and Hunan achieving over 8% growth [1] - Eight industrial provinces saw profit growth rates exceeding the national average, with Henan, Hunan, Hubei, and Jiangsu achieving double-digit growth [1] Group 3: Future Initiatives - The Ministry of Industry and Information Technology plans to implement a new round of growth stabilization work for ten key industries, including steel, non-ferrous metals, petrochemicals, and building materials [1] - Support will be provided to key industrial provinces to enhance their roles, including policy implementation, new growth point cultivation, and industrial transformation [1] - The ministry aims to accelerate the "Artificial Intelligence +" initiative, promoting the deployment of large models in key manufacturing sectors to enhance intelligence levels [1]

宇树科技IPO迎重要进展！ 7月18日，中国证监会官网显示，杭州宇树科技股份有限公司（简称：宇树科技）已在浙江证监局办理辅导备案。 | 辅导对象 | 辅导机构 | 备案时间 | 辅导状态 | 派出机构 报告类型 | 报告标题 | | --- | --- | --- | --- | --- | --- | | 杭州宇树科技股份有限公司 | 中信证券股份有限公司 | 2025-07-18 | | 浙江证监局 | 关于杭州宇树科技... | 王兴兴近日在天津夏季达沃斯论坛上表示，宇树科技2024年营收已超10亿元，较前一年实现显著增长。据了解，宇树科技也是业内少数实现盈利的机器人企 业。 据公开信息，其明星产品Unitree Go1四足机器人累计出货量超5万台，占据全球消费级足式机器人市场60%以上份额。此外，宇树科技在工业、巡检、物流等 场景的机器人解决方案也已实现规模化应用。 宇树科技首次公开发行股票并上市辅导备案报告显示，公司控股股东、实际控制人为王兴兴，其直接持有公司23.82%股权，并通过上海宇翼企业管理咨询合 伙企业（有限合伙）控制公司10.94%股权，合计控制公司34.76%股权。 | 辅导协议签署 ...

微信编辑 | 夏木 推荐阅读 本文字数：209，阅读时长大约1分钟 作者 | 第一财经 乔心怡 7月18日，中国证监会官网显示，宇树科技已开启上市辅导，由中信证券担任辅导机构。辅导备案报 告显示，宇树科技控股股东、实际控制人为王兴兴，王兴兴直接持有公司23.8216%股权，并通过 上海宇翼企业管理咨询合伙企业（有限合伙）控制公司10.9414%股权，合计控制公司34.7630% 股权。 2025.07. 18 三小时搬800箱，一台机器人或可替代约1.4~2名工人！实探智元机器人落地工厂 ...

今年以来，已经有约10家机器人产业链的公司寻求港股上市，包括极智嘉、斯坦德机器人、仙工机器人、云迹科技、 石头科技、埃斯顿、三花智控、兆威机电、乐动机器人、卧安机器人等。 01 3名前同事携手创出一家105亿独角兽，创新工场、药明康德助力 2016年，黄瑜清、乔志新、张琰联合创办了镁伽机器人，开启了创业之旅。 有意思的是，3人在创办镁伽科技之前，都是同一家上市公司普源精电（688337.SH）的同事。 镁伽科技在发展的过程中完成了多轮融资，主要投资机构包括创新工场、药明康德、高盛、中金资本等。 就在递表前的6月24日，公司还完成了D轮融资。此轮融资后，镁伽科技被胡润研究院列入《2025全球独角兽榜》，估 值达105亿元。 就在斯坦德机器人递表港交所的前后脚，又有一家机器人公司冲刺港股IPO。 格隆汇获悉，镁伽科技有限公司（简称"镁伽科技"）于近期向港交所递交了招股书，由摩根士丹利、华泰国际、德意 志银行、建银国际担任联席保荐人。 镁伽科技的机器人主要应用在智慧实验室与智能制造场景中，在下游需求的拉动下，公司近三年营收复合增长率达 43%，2024年收入突破9亿元。不过，公司成立至今已有9年，仍处于大额研发投入 ...

Core Viewpoint - The article discusses a unicorn company backed by Li Kaifu that is preparing for an IPO with a valuation of 10.5 billion, leveraging AI, robotics, and healthcare technologies [1] Group 1: Company Overview - The company is positioned at the intersection of AI, robotics, and healthcare, indicating a strong potential for growth in these rapidly evolving sectors [1] - The valuation of 10.5 billion reflects significant investor confidence and market interest in the company's innovative solutions [1] Group 2: Market Potential - The integration of AI and robotics in healthcare is expected to enhance operational efficiency and patient outcomes, creating a compelling investment narrative [1] - The article highlights the increasing demand for advanced technologies in the healthcare sector, which is likely to drive the company's growth trajectory [1]

证券代码：300746 证券简称：汉嘉设计 汉嘉设计集团股份有限公司 投资者关系活动记录表 编号：2025-004 | 投资者关系活动 | ☑特定对象调研 □分析师会议 | | | | | --- | --- | --- | --- | --- | | | □媒体采访 □业绩说明会 | | | | | 类别 | □新闻发布会 □路演活动 | | | | | | □电话会议☑现场参观 | | | | | | □其他 | | | | | | 1、7 月 17 日名单： | | | | | | 万家基金：刘洋、李杨、况晓、郑中天、束金伟、王霄音 | | | | | | 华夏基金：林少勤诺安基金：童宇 利幄基金：韩阳 | | | 青骊投资：于利强、张伟明 | | | 长江证券：任楠 | | | 淳阳基金：谢伟玉 | | | 感叹号基金：谭永平、何思源坤易投资：龚继海 | | | | | 参与单位名称及 | 运舟资产：翟冠程 | | | 悦溪基金：张伟 | | 人员姓名 | 甬兴证券：刘荆、蔡涵倩 | | | 国盛证券：李可夫 | | | 华源证券：袁子祥 | | | 东北证券：赵宇阳 | | | 民生证券：李哲、任泓 ...

"智元机器人作为具身智能领域的独角兽，自带新兴行业的高成长性标签，明星公司入主本身就充满想 象空间。同时，高质量的交易方案为上涨行情构筑了坚实基础，这种真金白银的实质性投入，与部分公 司采用杠杆买壳模式形成了鲜明反差。"上海一家机器人产业链头部企业资本交易部负责人梁远彬对 《华夏时报》记者分析指出。 在具身人形机器人产业的火爆趋势下，A股科创板上市公司上纬新材（688585.SH）的一笔反向控股权 并购被资本瞄准，其股价出现连续20%的涨停，即使在公司连发公告之下也无法阻止被爆炒的情形。 7月18日，上纬新材第八个交易日出现竞价一字涨停，截至当日收盘报收33.47元/股。从7月8日公司发 布具身智能企业智元机器人计划通过公司及核心团队共同出资设立的持股平台，拟以21亿元通过"协议 转让+主动要约"方式收购公司控制权的公告后，股价便从7.85元起步，八天内股价涨幅接近四倍，让五 千余名股东赚得盆满钵满。 重新估值后股价如何走？ 在资本的眼中，上纬新材在实现智元机器人资本及技术"入主"后，一切都将变得不一样。 资本反向运作致股价暴涨 7月8日上纬新材公告显示，成立仅两年的上海智元新创技术有限公司（下称"智元机器人 ...