格隆汇11月13日丨祥源新材(300980.SZ)在投资者互动平台表示，公司人形机器人相关产品的研发和市 场推广仍在有序推进中，若有新的进展，公司将及时披露。 ...

Core Insights - The core viewpoint of the articles highlights the innovative advancements of the Lingxi X2 humanoid robot developed by Zhiyuan Robotics, particularly its enhanced environmental perception capabilities through the integration of advanced digital solid-state LiDAR technology [1][2]. Group 1: Product Innovation - The Lingxi X2 is equipped with the E1R digital solid-state LiDAR from Suoteng Juchuang, which utilizes proprietary SPAD-SoC and VCSEL chips to improve reliability and provide essential support for 3D SLAM positioning and autonomous obstacle avoidance [1][2]. - The robot features a friendly ENFP "personality" and is designed with 25 to 31 high-degree-of-freedom joints, enabling it to perform complex movements such as cycling and skateboarding, showcasing human-like agility [1]. Group 2: Market Growth - The humanoid robot market is projected to experience rapid growth, with an expected market size of $51 billion by 2035 and a compound annual growth rate (CAGR) of 55% [1]. - The application of digital solid-state LiDAR is a significant driver of this growth, as it allows for high-performance capabilities in a compact form factor, facilitating the deployment of advanced robotics in various commercial scenarios [2]. Group 3: Commercial Applications - The Lingxi X2 has already been deployed in practical settings, serving as a guide in China Mobile's exhibition hall and participating in theme park tours, demonstrating its commercial viability [2]. - The transition of the humanoid robot industry from technology validation to large-scale application is underscored by the Lingxi X2's use of digital solid-state LiDAR, which may set a new standard for perception capabilities in the industry [2].

格隆汇11月13日丨奇德新材(300995.SZ)在互动平台表示，公司高性能高分子复合材料中的聚酰胺增强 材料、聚苯硫醚增强材料，可应用于部分机器人壳体、躯干、关节，齿轮等活动部件或关节部件、具有 轻量化及高强度的特点。在机器人的刚性壳体轻量化方案中，碳纤维具备高性能、高品质的性能及外观 特点，是替代金属材料的优选方案。公司高分子改性塑料产品已和多家机器人本体或机器人零部件企业 进行技术交流，部分客户进行送样测试中。公司碳纤维制品获某主机厂客户人形机器人外壳项目定点， 收到小批量订单。公司将继续积极参与头部客户的联合开发工作，创新采用碳纤维替代金属用于机器人 外躯壳，在实现轻量化的同时，赋予产品时尚科技的外观质感。未来将进一步探索多部件替代金属方 案，助力机器人轻量化升级。 但鉴于当前人形机器人行业尚处发展初期，相关业务订单金额占比极 小，本期对公司经营业绩无重大影响。公司未来战略清晰，在改性塑料和碳纤维制品方面，加速在新能 源汽车、低空飞行、机器人等新兴领域的场景开发。 ...

乘用车：车企盈利分化，Q4增长可期 行业方面，2025Q3，乘用车板块实现营收同比+7.4%，低于并表销量端的同比+14.4%，主要系价格战 影响下单车均价同比-0.99万元/辆；乘用车板块扣非归母净利润94.9亿元，同比-25.1%。 个股方面，新品上市+高端化成为乘用车企营收增长主要驱动力；销量方面，小鹏汽车、零跑汽车等新 势力车企在低基数效应以及重磅新车放量带动下销量同比增长迅速；吉利汽车、上汽集团（600104）等 传统自主车企新能源转型稳步推进、叠加传统品牌销量修复，带动整体销量实现较快增长。高端化方 面，豪华市场的问界M8以及超豪华市场的尊界S800两款标志性产品带动对应车企赛力斯（601127）和 江淮汽车（600418）单车收入同比显著提升。 华龙证券发布研报称，2025Q3，乘用车板块实现营收同比+7.4%，低于并表销量端的同比+14.4%，主 要系价格战影响下单车均价同比-0.99万元/辆；扣非归母净利润94.9亿元，同比-25.1%。展望2025Q4， 整车端，2026年优惠政策退坡预期下，板块销量增长可期；商用车市场有望在政策持续发力下有望延续 Q3高景气度。零部件端，已发布&待发布强 ...

Core Insights - The competition between Xiaopeng Motors and Tesla in the humanoid robot sector is intensifying, with both companies aiming for significant market presence in the humanoid robot space by 2026 [3][4][16] - The humanoid robot market is projected to be larger than the automotive industry, with estimates suggesting a market size of $20 trillion compared to the automotive market's $10 trillion [4][10] - The humanoid robot sector is experiencing a surge in investment interest, as evidenced by the inflow of nearly 570 million yuan into the robot index ETF over 13 days [3][4] Company Developments - Xiaopeng Motors showcased its humanoid robot IRON, which features 82 degrees of freedom and advanced AI capabilities, aiming for mass production by the end of 2026 [6][12] - Tesla's CEO Elon Musk highlighted the importance of humanoid robots, stating that the Optimus robot will be a significant product with a market potential of billions of units [3][9] - Xiaopeng Motors plans to develop both male and female versions of its humanoid robot, emphasizing the importance of human-like features for market acceptance [7][10] Market Trends - The humanoid robot market is expected to penetrate various industries, with experts predicting it will become a core engine for future economic growth [3][4] - The current market for humanoid robots is primarily focused on high-end manufacturing and public service sectors before moving into more complex household applications [15][19] - The overlap between the automotive and humanoid robot industries is significant, with estimates suggesting a 60-70% overlap in supply chains and technology [16][18] Investment Sentiment - Following the demonstration of Xiaopeng's humanoid robot, there was a notable increase in Xiaopeng's stock price, reflecting a shift in market sentiment towards humanoid robotics [18][19] - Despite the excitement, there are concerns about potential market saturation and the lack of confirmed large orders within the humanoid robot supply chain [18][19] - The current state of the humanoid robot market is characterized by speculative interest, with many companies entering the field without established competitive advantages [17][19]

Group 1 - The company has been asked by investors if it supplies parts for Tesla's humanoid robot [2] - On November 13, the company responded on the investor interaction platform, indicating that it indirectly provides structural components for automotive business and emerging business areas for its clients [2] - The company emphasized that due to strict confidentiality agreements with clients, it cannot disclose specific product applications or details related to client business secrets [2] Group 2 - The company is committed to keeping pace with the development of top downstream clients and actively positioning itself in cutting-edge fields [2]

11月13日，步科股份盘中下跌2.06%，截至13:50，报91.24元/股，成交1.05亿元，换手率1.36%，总市值 82.88亿元。 步科股份所属申万行业为：机械设备-自动化设备-工控设备。所属概念板块包括：智慧物流、阿里概 念、机器人概念、医疗器械、人形机器人等。 截至9月30日，步科股份股东户数7650.00，较上期增加23.05%；人均流通股10980股，较上期减少 18.73%。2025年1月-9月，步科股份实现营业收入5.09亿元，同比增长28.35%；归母净利润4452.86万 元，同比增长37.54%。 分红方面，步科股份A股上市后累计派现1.60亿元。近三年，累计派现8400.00万元。 资金流向方面，主力资金净流出1902.17万元，特大单买入295.96万元，占比2.82%，卖出1666.16万元， 占比15.86%；大单买入2184.38万元，占比20.79%，卖出2716.35万元，占比25.86%。 机构持仓方面，截止2025年9月30日，步科股份十大流通股东中，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401.05万股，相比上期减少13.16万股。鹏 ...

Core Viewpoint - Tsugami Machine Tool China reported a significant increase in mid-term performance for the six months ending September 30, 2025, driven by economic recovery in China and rising demand in emerging sectors such as new energy vehicles, artificial intelligence, and humanoid robots [1] Financial Performance - Total revenue reached approximately RMB 2.497 billion, representing a year-on-year growth of 26.2% [1] - Gross profit amounted to approximately RMB 863 million, with a year-on-year increase of 35.1% [1] - Overall gross margin rose to about 34.6% [1] - Profit for the period was approximately RMB 502 million, reflecting a year-on-year growth of 47.7% [1] - The company proposed an interim dividend of HKD 0.60 per share [1] Sales Performance - Sales of precision lathes increased by 19.4% [1] - Sales of precision machining centers and precision grinding machines also experienced significant growth [1]

人民财讯11月13日电，企查查APP显示，近日，上海萝博派对科技有限公司发生工商变更，注册资本增 加至144.44万元，新增小米旗下瀚星创业投资有限公司、Lighthouse FoundersFund L.P.等为股东，同 时，公司主要人员亦发生变更。 企查查显示，上海萝博派对科技有限公司为RoboParty关联公司，成立于2025年2月，现由上海萝博特企 业管理咨询合伙企业(有限合伙)等及上述新增股东共同持股。官网显示，RoboParty是一家专注于人形机 器人的科技公司。 ...

Group 1 - The core viewpoint of the news is that Demais has shown a significant increase in stock price and trading activity, with a year-to-date increase of 116.07% as of November 13, 2023 [1] - As of November 10, 2023, the number of shareholders for Demais decreased by 2.29% to 12,800, while the average circulating shares per person increased by 2.34% to 11,828 shares [2] - The company reported a revenue of 475 million yuan for the period from January to September 2025, representing a year-on-year decrease of 9.30%, and a net profit attributable to shareholders of 38.32 million yuan, down 6.44% year-on-year [2] Group 2 - Demais has distributed a total of 96.60 million yuan in dividends since its A-share listing, with 81.27 million yuan distributed over the past three years [3] - The company's main business revenue composition includes 52.11% from power system components, 28.06% from body and chassis system components, 13.94% from window system components, 5.23% from industrial precision components, and 0.66% from other sources [1] - Demais is categorized under the automotive industry, specifically in the automotive parts sector focusing on chassis and engine systems, and is associated with concepts such as agile hands, lead screws, reducers, ideal car concepts, and humanoid robots [1]