中证报中证网讯（王珞）据泛亚微透微信公众号消息，公司近日与柔性传感技术标杆企业苏州能斯达电 子科技有限公司（以下简称"能斯达"）签署战略合作协议及委托开发协议。 近日，公司研发的机器人用连接电缆在客户端严苛测试中表现优异，以1000万次循环弯折无故障的成绩 顺利通过耐弯折性能认证，可为工业机器人、人形机器人、智慧手等设备的高频运动场景提供更稳定的 连接解决方案。 据介绍，电缆作为机器人核心传输部件，其耐弯折性能直接决定设备的连续运行效率与使用寿命。此次 测试模拟机器人关节高频摆动、拖拽扭曲等真实工况，在额定负载、恒定温度湿度环境下，对电缆的导 体连续性、绝缘完整性等关键指标进行全程监测。经过不间断测试，该电缆未出现断线、短路、绝缘层 开裂等问题，各项电气性能参数保持稳定。 泛亚微透介绍，公司及子公司在电缆行业拥有专业的技术队伍和市场服务队伍，产品包括航空航天用各 类安装线、毫米波耗稳相电缆、高速数据总线电缆、脉冲高压电缆及组件、水密电缆及组件、滤波电缆 等各类高可靠电线电缆等，具备很强的开发、定制、集成能力。本次开发的电缆通过采用高柔性耐疲劳 导体结构，搭配特种弹性绝缘材料与耐磨护套，大幅提升了线缆的抗弯折、 ...

Investment Rating - The report maintains a neutral investment rating for the automotive and parts industry [5] Core Insights - The Trump administration is placing significant emphasis on the robotics industry, which is expected to experience synchronized development both domestically and internationally. This reflects a growing policy support level for humanoid robots, indicating their potential as a core component of U.S. manufacturing and technological competitiveness [2][12] - The report suggests that companies within the automotive supply chain that can integrate with Tesla and Figure's robotics ecosystem are likely to benefit. It recommends continued attention to humanoid robotics, T-chain, liquid cooling supply chains, Huawei's supply chain, and companies leading in intelligent driving technology [3][14] - November saw a mixed performance in passenger vehicle sales, with some new energy vehicle brands like Hongmeng Zhixing and Xiaopeng maintaining strong year-on-year growth. Overall, the report anticipates limited overdraw in domestic passenger vehicle sales by year-end [14][16] Summary by Sections Sales Tracking - In November, the wholesale sales of passenger vehicles reached 1.302 million units, a year-on-year increase of 19%, while retail sales were 879,000 units, showing a 2% increase year-on-year [16] - Cumulative wholesale sales for the year reached 26.766 million units, reflecting an 11% year-on-year growth [16] Market Trends - The automotive sector overall saw a 1.3% increase, with sub-sectors like motorcycles and commercial vehicles performing particularly well [24][28] - Notable companies such as BYD and SAIC Motor reported varied performance in November, with BYD's sales down by 5.3% year-on-year, while SAIC's sales decreased by 3.7% [36][40] Key Company Announcements - BYD reported sales of 480,200 units in November, while Geely's sales increased by 24.1% year-on-year [36][37] - Changan Automobile and Great Wall Motors also reported positive sales growth, with Changan's sales up by 2.5% and Great Wall's by 4.6% [39][41] Industry Dynamics - The report highlights that over 11 months, more than 11.2 million vehicles were replaced through trade-in programs, contributing significantly to related sales [54] - The Ministry of Industry and Information Technology encourages leading Chinese companies in sectors like photovoltaics and new energy vehicles to expand internationally [56]

转自：新华财经 当前，机器人技术正处于爆发式创新与规模化应用的关键阶段，金融资本与产业发展的深度协同融合成为加速赛道进阶的核心动力。为构建金融与产业双向 赋能生态，持续助推机器人产业落地，12月5日，广投集团在广西柳州召开综合金融服务支持机器人产业发展专场活动，正式发布综合金融赋能机器人产业 发展的"广投模式"。 此次活动是广投集团继机器人产业合作发展推进会、机器人材料及关键零部件专场活动后，以自身综合金融优势深度融入机器人产业发展链条的又一务实举 措。活动现场汇聚了北京洛必德、时代骐骥、极目智控、中科第五纪、柳州具身智能、桂林电子科技大学、广西人工智能学院等机器人产学研头部机构，以 及广投集团旗下金融企业、在柳企业代表。 广投集团党委副书记、副董事长、总经理刘明洪在致辞中表示，广投集团已初步构建起体系化、规模化的机器人产业金融服务生态。截至目前，集团金融板 块累计为机器人产业链83家企业提供综合金融解决方案，支持规模超百亿元。面向未来，广投集团将持续深化"产融投"协同发展战略，以"广投模式"为抓 手，整合柳州工业基础、企业创新活力、院校人才资源与金融资本力量，构建覆盖"研发—孵化—产业化"的全链条服务体系， ...

万里扬在特定对象调研时表示，公司已成立机器人子公司，专门负责机器人关节精密传动产品的研发和 产业化落地。机器人业务研发中心位于浙江杭州，有利于充分利用杭州机器人产业密集的区位优势，深 入了解市场需求，开拓客户业务；生产基地位于浙江金华，有效复用主业变速器技术经验及相关生产设 备资源，打造技术优势和成本优势。公司已为机器人关节精密传动产品投建产线，预计2026年3月设备 到位并完成调试、5月达到批量生产状态。 ...

12月5日，A股金融板块爆发，保险板块龙头股大涨，多只金融科技ETF涨超3%。 02 成交额方面，12月5日，中证A500ETF、证券ETF、沪深300ETF、中证500ETF成交额大幅放量。 03 12月3日至4日，A股连续调整，资金趁机布局A股ETF，合计净流入51.85亿元。其中，中证A500ETF、中证1000ETF、沪深300ETF等宽基指数 ETF出现资金大幅净流入。 金融科技ETF大涨 01 | 金融科技ETF大涨 | | | | --- | --- | --- | | 证券代码 | 证券简称 | 涨幅(%) | | 159206. SZ | 卫星ETF | 4. 44 | | 515720. SH | 金融科技ETF富国 | 4. 22 | | 159103. SZ | 金融科技ETF汇添富 | 3.81 | | 516100. SH | 金融科技ETF华夏 | 3.80 | | 159299. SZ | 金融科技ETF易方达 | 3.70 | | 512070. SH | 证券保险ETF | 3.65 | | 563570. SH | 金融科技ETF兴业 | 3.62 | | 516860. ...

格隆汇12月5日｜山东威达公告，2025年12月4日，公司与南通晨源鸿策股权投资合伙企业、艾利特智能 机器人股份有限公司签署《关于艾利特智能机器人股份有限公司之股份转让协议》，公司拟以自有资金 6,277,873.07元人民币受让南通晨源持有的标的公司9.4395万股股份，占标的公司股本总额的0.3400%； 与艾利特签署《艾利特智能机器人股份有限公司投资意向书》，公司拟以自有资金13,722,126.93元人民 币认购标的公司新增12.3797万股股份，占本次增资后的标的公司股本总额的0.4440%。若上述对外投资 全部顺利实施，公司预计将持有增资完成后标的公司0.7825%的股份，标的公司成为公司的参股子公 司。本次对外投资是基于公司对机器人产业发展的前瞻性共识以及公司多元化战略发展等原因，在全面 投资分析基础上做出的审慎决策，符合公司战略发展规划。 ...

Core Viewpoint - Wanliyang's heavy-duty truck transmission business includes MT, AMT, hybrid systems, and pure electric drive systems, with performance comparable to international mainstream manufacturers and cost advantages [1] Group 1: Business Performance - The company has successfully expanded its customer base and continues to enhance brand recognition [1] - Supporting vehicle models are gradually entering mass production, indicating potential for sustained growth in production and sales in the future [1] Group 2: Robotics Subsidiary - The company's robotics subsidiary has established a production line for precision transmission products, with equipment expected to be in place and operational by March 2026 [1] - By May 2026, the subsidiary aims to achieve mass production, currently developing harmonic reducers, planetary reducers, and joint module products for multiple clients [1]

该行表示，汽车出口短期波动不改长期出海大势。2025年1-10月累计出口增速放缓，主要系出口基数增 大、贸易壁垒增加、其他市场汽车产业转型速度放缓、全球局势动荡等多重因素影响。自主车企通过不 同方式技术"出海"，从而实现避免/降低各种壁垒对"出海"的影响。 报告中称，2025年1-10月新能源汽车累计销量1291.10万辆，同比+32.42%，新能源渗透率达到46.70%。 2025年1-10月新能源出口增速达到+87.57%，高于内需增速+25.71%。乘用车中，自主品牌占比稳步提 升，2022年占比仅为38.43%，2025年1-10月累计占比提升至69.48%。 上海证券发布研报称，智能驾驶市场潜力巨大，预计2025年我国自动驾驶市场规模将逼近4500亿元。 2025年以来，智能辅助驾驶方案的上车价格持续下探。国产替代带来新机遇。2025年中国汽零国产替代 迎来全面加速。随着综合竞争力的提升，国内零部件配套体系逐步与世界接轨，国产零部件产业仍将保 持良好的展趋势。机器人将成为下一个10万亿规模产业，智能网联新能源汽车与人形机器人同具产业链 协同优势。 ...

Group 1 - LeEco, which has a debt of 23.8 billion RMB, announced plans to invest up to 180 million RMB in stock trading to generate additional income without affecting its main business operations [1][30][32] - The investment strategy includes a maximum of 30 million RMB in freely traded stocks, at least 50% in bank stocks, and at least 80% in CSI 300 index components, with 150 million RMB allocated for new stock subscriptions on the Beijing Stock Exchange and reverse repos [1][30][32] Group 2 - Despite its significant debt, LeEco employees enjoy favorable working conditions, including a four-and-a-half-day work week and no layoffs or salary cuts, making them the envy of many in the tech industry [3][4][32] - LeEco's financial struggles stem from its historical investments in popular content, such as the series "Empresses in the Palace," which it acquired for 20 million RMB in 2011, leading to substantial revenue from licensing [5][33][37] Group 3 - LeEco's total liabilities have been increasing, with figures of 21.37 billion RMB in 2020, 22.07 billion RMB in 2021, and reaching 23.76 billion RMB in 2024, while its assets are only 1.86 billion RMB, indicating insolvency [12][40][41] - The company's revenue has been declining, with 245 million RMB in 2023 and 188 million RMB in 2024, while net losses were 2.18 billion RMB in 2023 and 971 million RMB in 2024 [15][43] Group 4 - LeEco's investment in stock trading is seen as a strategy to cope with its financial difficulties, as it has not reached the point of bankruptcy due to ongoing operational value and communication with creditors [16][44] - The company has also been exploring new business ventures, including investments in the fast-food sector and the robotics industry, aiming to diversify its revenue streams [20][49][50] Group 5 - LeEco is actively pursuing debt recovery from Nanjing Zhongdian Panda, seeking 15 million RMB related to a 2019 contract dispute, although it has expressed skepticism about recovering the funds [52][53] - The company has acknowledged that the 15 million RMB is insignificant compared to its overall debt and losses, highlighting the severity of its financial situation [27][56]

全球燃气轮机市场规模预计从2024年的239.6亿美元增长至2032年的347.5亿美元，数据中心电力需求上 升成为重要驱动因素。燃机巨头GEV积压订单+预留协议从25Q1的50GW增长至25Q3的62GW，预计25 年底将达70GW；公司2026Q3产能将达20GW，新接订单排产至29年之后。东北证券指出，人工智能数 据中心IT能耗快速增长，对稳定、大功率、环保的供电系统提出更高要求，燃气轮机因其供电稳定性 强，有望在数据中心建设中迎来增量需求。 2025全球智能机械与电子产品博览会在澳门、珠海举行。2025全球智能机械与电子产品博览会开幕式4 日在澳门金光会展中心举行。博览会以"湾区智造 全球共享"为主题，于澳门与珠海两地同步举行，共 有海内外千余家企业参展，涵盖多场配套活动。澳门展区聚焦智能电子，设有智能通信与物联网馆、智 能视听与元宇宙馆以及创投新概念与国际馆；珠海展区聚焦智能机械，包括智能装备与工业互联网馆、 智能交通与未来出行馆以及智能家居与健康科技馆。 海外消息，特斯拉Optimus人形机器人近日在实验室实现流畅奔跑，视频显示其奔跑速度达2.5-3米/秒， 接近人类慢跑水平，步态自然且具备良好的 ...