2025.08.11 本 文字数：1016，阅读时长大约2分钟 作者 | 第一财经 葛慧 8月11日晚间，长安汽车（000625.SZ）发布公告，计划自2025年8月12日起6个月内，公司及间接控股股 东中国长安汽车集团有限公司（下称"新长安"）部分董事、高管共19人计划自8月12日起6个月内，通过 集中竞价交易的方式增持公司A股股份，合计增持金额不低于570万元。 这距离新长安成立刚刚过去2周。 7月29日，新长安在重庆挂牌成立，朱华荣任集团党委书记、董事长。新长安拥有117家子公司、资产总 额3087亿元、从业人数约11万人，主要经营业务涵盖汽车整车及零部件、金融、摩托车等领域。 作为新长安旗下最重要的子公司，长安汽车当天股价报收13.22元/股。而8月11日收盘价12.95元/股，公 司股价变动不大。 作为一家56天完成重组的新央企，新长安正在加快动作，推动这家新央企向"具有全球竞争力、拥有自 主核心技术的世界一流汽车集团"的目标迈进。 在7月30日的媒体见面会上，新长安表示仍坚定地选择自主、合作双线并举。 在合作方面，新长安要持续加强与Stellantis集团、福特、马自达等全球整车企业的合作，强化与 ...

Group 1 - The 2025 World Robot Conference (WRC) emphasized the commercialization of robotics, contrasting with last year's focus on demonstrations and performances [1] - The CEO of Qianlang Intelligent, Li Tong, highlighted the company's approach to developing humanoid robots, which involves first focusing on specific job roles before achieving full generalization [1][2] - Qianlang showcased its latest humanoid robot products, including XMAN-F1 and XMAN-R1, during the WRC, demonstrating their capabilities in various service scenarios [1] Group 2 - Qianlang Intelligent has shipped over 100,000 robot units and maintains the largest market share in the commercial service robot sector globally [2] - The company's revenue is evenly split between domestic and international markets, with higher profitability observed in overseas operations due to elevated labor costs [2] - Li Tong categorized robots into specialized and general-purpose types, noting that specialized robots are more efficient for specific tasks, while general-purpose robots can handle a variety of tasks [3] Group 3 - The company is focused on collecting real-world data to enhance the development of embodied intelligence in robots, establishing training and data collection sites [3] - The strategy involves gradually introducing multi-functional embodied intelligent robots into simple job roles to build a substantial data foundation for further advancements [3]

该基地建设对接《北京具身智能科技创新与产业培育行动计划（2025—2027年）》要求，双方计划共同 申报"北京市级具身机器人维护保养非标结构件快速响应中心"，打造集研发、中试、生产、教学于一体 的创新平台。项目全部建成后，预计年培训学生500人次，承接企业订单产值超200万元，成为服务经开 区乃至全市的人形机器人零部件柔性制造共享平台。 （文章来源：北京商报） 北京商报讯（记者吴其芸）8月9日，记者从全国工业零件共享柔性制造产教融合共同体成立大会暨 AI+柔性制造产教融合研讨会上获悉，北京科技职业大学与北京蚂蚁工场智造科技有限公司联合打造的 工业零件共享柔性制造产线在机械楼西车间完成调试并投入试运行。该产线集成数控加工设备、六轴工 业机器人、AGV智能搬运、立体仓储系统等先进装备及工业软件，构建了"真订单、真生产、真交 付"的产教融合实践教学创新平台，标志着北京市职业教育与智能制造产业深度融合迈出实质性步伐。 根据合作协议，双方将共同开发覆盖智能加工、在线检测、预测维护全流程的实践教学体系，开设《工 程训练》《智能产线集成与应用》《工业数据采集与可视化》等5门核心课程。产线运营采用"企业订单 +教学实训"双轨 ...

Investment Rating - The report maintains a positive investment rating for the automotive industry, highlighting strong performance in the mid-to-high-end market and the potential for growth driven by supply and strong alpha companies [4][22]. Core Insights - The report emphasizes the significant advancements in robotics showcased at the World Robot Conference, indicating a strong potential for cost reduction and application in various sectors, including logistics and industrial automation [4][5]. - The automotive market is expected to see a surge in new model launches and deliveries in August, with a focus on mid-to-high-end market performance and strong alpha companies like NIO, JAC, Li Auto, and Xiaomi [4][22]. - The report notes a 5.24% increase in retail sales of passenger cars week-on-week, with a total of 462,000 units sold, while the penetration rate of new energy vehicles reached 53.03% [4][22]. Industry Updates - Retail sales of passenger cars for the week of July 28 to August 3, 2025, totaled 462,000 units, with traditional energy vehicles accounting for 217,000 units and new energy vehicles for 245,000 units, reflecting a year-on-year growth of 7.46% for new energy vehicles [4]. - The automotive industry recorded a total transaction value of 523.07 billion yuan for the week, marking an 11.53% increase compared to the previous week [4][22]. - The report highlights the rise in raw material prices for both traditional and new energy vehicles, with increases of 0.9% and 0.8% respectively over the past week [4]. Market Situation - The automotive industry index rose by 2.68% to 7283.17 points, outperforming the Shanghai Composite Index, which increased by 1.23% [4][22]. - A total of 259 automotive stocks rose, while 31 fell, with the largest gainers being Zhongma Transmission, Huami New Materials, and Aerospace Science and Technology, which saw increases of 49.5%, 34.0%, and 31.6% respectively [4][22]. Investment Recommendations - The report recommends focusing on strong alpha manufacturers such as Li Auto, NIO, Xiaomi, and Xpeng, as well as companies involved in the integration of technology and high-end products [4]. - It suggests monitoring state-owned enterprise reforms, particularly with SAIC and Dongfeng, and highlights component manufacturers with strong growth potential and overseas expansion capabilities [4].

①事关具身智能机器人，杭州发文公开征求意见，机构称行业有望加速商业化，这家公司与浙江大 学机器人研究院联合研制了首款具身智能化工取样机器人； ②消费级DDR4供应紧张，七月合约价 飙涨逾60~85%，机构称存储价格或将继续保持上涨趋势，这家公司子公司的DDR4以及LPDDR4X 是嵌入式市场的主流方案； ③这家公司表示电流感测电阻产品在人形机器人领域具有潜在应用价 值。 今日复盘+明日前瞻，精选更有价值的投资资讯！财联社重磅推出《财联社早知道》栏目，每个交易日 复盘今日热点，前瞻明日市场，更有主力资金动向分析，一文汇总你关心的所有信息，帮助每一位"股 侠"精神饱满征战A股！ 前言 ...

Core Insights - The global robotics industry is on the brink of commercial explosion, with rapid technological iterations and expanding application scenarios [2] - Beijing is emerging as a core area for technological innovation, significantly contributing to the development of the robotics industry [2][3] - JD.com is leveraging its advantages to promote the development of its robotics business and contribute to the ecosystem of the robotics industry in Beijing [2][3] Industry Development - JD.com has invested in six intelligent-related companies in the past three months to accelerate the layout of the embodied intelligence industry chain [3] - The company announced an investment of over 10 billion yuan to support 100 robotics brands in achieving over 1 billion yuan in sales within three years [3] - JD.com aims to help robotics brands commercialize their products through its extensive consumer base of over 600 million and more than 9 million enterprise users [4] Sales Performance - During the 618 shopping festival, JD.com's self-operated sales of intelligent robots increased threefold, while sales of embodied intelligent robots surged by 17 times [4] Market Trends - The robotics industry is experiencing rapid growth, driven by breakthroughs in perception, organizational decision-making, and motion control technologies [5] - There is significant market potential for robots in family services and elderly care, with increasing demand for intelligent robots in companionship, security, and education [5][6] - Humanoid robots, while not yet commercially widespread, are gaining high attention, with many companies capable of large-scale production [5] User Demographics - The primary users of robots are married families in first- and second-tier cities, focusing on educational and companionship needs, as well as B2B scenarios in education and specific industries [6] Technological Innovation - JD.com is collaborating with various parties to promote high-quality development in the robotics industry, offering customized services and optimizing shopping processes through AI [7] - The company has launched the JoyInside brand, which integrates advanced application capabilities and emotional interaction for robots, with several leading brands already onboard [7] - JD.com is also working to lower costs for partners by integrating component procurement and enhancing logistics and service applications [7] Future Outlook - JD.com plans to continue leveraging its platform advantages to drive innovation in the robotics industry, aiming to enhance the role of robots in daily life and work [8]

Group 1: Macroeconomic Insights - Consumer spending shows improvement in automotive and service sectors, while textile and apparel remain weak due to seasonal factors[6] - CPI increased by 0.4% month-on-month in July, with core CPI rising to 0.8%, the highest since March 2024[10] - The overall PPI decreased by 0.2% month-on-month and 3.6% year-on-year, indicating persistent downward pressure on industrial prices[12] Group 2: Market Trends and Strategies - A-share and U.S. stock markets are recommended for tactical overweight due to improving risk appetite and stable liquidity[15] - The strategic asset allocation (SAA) proposal suggests a 45% allocation to equities, 45% to bonds, and 10% to commodities, with an expected annualized return of 9.1%[15] - The tactical asset allocation (TAA) strategy anticipates a 55% equity weight, 40% bond weight, and 5% commodity weight, with a projected annualized return of 55%[17] Group 3: Sector-Specific Developments - The Hong Kong IPO market is projected to raise approximately HKD 1,300-1,500 billion this year, with a significant portion from A-share companies listing in Hong Kong[18] - The household service robot market is expected to grow significantly, with various companies showcasing products at the 2025 World Robot Conference[40] - The mini-LED television market is anticipated to reach a 25% penetration rate in China by 2025, with Haier's market share at 29.3% in Q1 2025[41]

当前，机器人产业已站在商业化爆发的临界点。 全球机器人产业正迎来前所未有的发展热潮，技术迭代加速，应用场景不断拓展。作为全国科技创新的 核心区域，北京在机器人领域的产业优势日益凸显，成为推动行业发展的重要力量。 8月9日，在世界机器人大会期间，京东3C数码事业群智能机器人业务部负责人徐磊接受了包括新京报 贝壳财经记者在内的少数媒体采访，详细阐述了京东在机器人产业领域的布局、举措及未来规划。作为 2025世界机器人大会"独家全球战略合作伙伴"，总部位于北京亦庄的京东正依托自身优势，推动机器人 业务发展，并为北京机器人产业生态建设贡献力量。 北京机器人产业蓬勃发展，智能机器人产业全力加速 北京作为科技创新高地，在机器人产业领域优势显著。此前，京东已在近3个月投资第6家具身智能相关 企业，加速布局具身智能产业链。 北京众多科研院校和企业汇聚，为产业发展提供强大的技术与人才支撑。徐磊提到，京东依托北京的产 业环境，积极推动机器人业务发展。在世界机器人大会上，京东携手宇树科技、智元、天工等顶尖品牌 亮相，发布"智能机器人产业加速计划"，宣布投入超百亿资源，计划三年内助力100个机器人品牌销售 破10亿，带领智能机器人走 ...

Core Insights - The development path of humanoid robots is to first achieve task-specific applications before moving towards full generalization, leading to a future where both specialized and general-purpose robots coexist [1][2][3] Group 1: Industry Trends - The 2025 World Robot Conference emphasized the commercialization of robotics, contrasting with the previous year's focus on demonstrations [1] - Companies are exploring various application scenarios, including industrial, service, and entertainment sectors, indicating a collective effort towards commercialization [1] Group 2: Company Performance - The company has shipped over 100,000 robot units and maintains the largest market share in the commercial service robot sector globally [2] - Revenue is evenly split between domestic and international markets, with higher profitability observed in overseas operations due to elevated labor costs [2] Group 3: Product Development - The company has launched two humanoid robot products this year, with a focus on service scenarios where humanoid robots can provide unique advantages [2] - The distinction between humanoid robots and traditional robots lies primarily in their advanced "brain" capabilities, enhanced by developments in large models and AI technologies [2] Group 4: Future Outlook - The industry is expected to see a blend of specialized and general-purpose robots, with specialized robots being more efficient for specific tasks [3] - The company is focused on collecting real-world data to enhance the capabilities of humanoid robots, emphasizing the importance of practical data collection for future advancements [3]

其中还指出，要重点构建"场景开放-供需对接-示范引领-政策激励-全面推广"全链条推进体系。一是要 求政府创新工作方法，通过统筹推进场景创新工作、建立场景供需对接平台、制定场景创新和首台(套) 激励政策，支持具身智能机器人企业、科研机构与行业应用单位开展合作创新、首试首用、推广应用。 二是突出示范引领作用，明确要求机关事业单位和国企率先开放场景，为具身智能机器人产品的研发、 测试、应用等活动创造条件。三是创新政策工具，支持机关企业事业单位针对市场现有产品或者技术不 能满足要求、需要进行技术突破的情形，创新政府采购合作创新采购方式，为新技术、新产品首试首用 提供强力支持。 8月11日，杭州市司法局发布公开征求《杭州市促进具身智能机器人产业发展条例(草案)》意见的公 告，将具身智能机器人产业纳入全市政策支持框架，通过制度设计增强政策合力，进一步规范产业高质 量发展路径。 该意见指出，面对当前研发训练需求和未来具身智能机器人的广泛应用需求，要求加强网络和算力基础 设施规划布局，建立多元智算供给服务体系，提升算力资源利用效率，降低算力使用成本。明确核心技 术主攻方向，聚焦具身智能"大脑"(具身智能大模型)、"小脑"(运 ...