点评：报道指出，人形机器人通用感知系统的推出，不仅为人形机器人提供了强大的环境感知能力，更解决了传感器布局、数据标注和多模态融合等关键挑 战，奠定了通用感知模块标准化的技术基础。未来，团队计划进一步扩展数据集、优化时序融合策略，并探索在更多人形机器人平台上的应用。随着技术的 不断成熟，人形机器人有望在家庭服务、工业协作、户外救援等多个领域发挥重要作用，为人类生活带来更多便利。 3、脑机 | 工信部等七部门印发《关于推动脑机接口产业创新发展的实施意见》，其中指出，壮大创新主体，培育优势企业。发展壮大脑机接口领域领军企 业，支持组建产业创新联合体，牵头承担国家科技重大专项等任务。促进脑机接口中小企业创新供给，加快培育科技和创新型中小企业、高新技术企业、专 精特新中小企业、专精特新"小巨人"企业、制造业单项冠军企业以及瞪羚企业、独角兽企业等，实施启航企业培育工程，完善企业梯度培育体系。推动大中 小企业融通创新，鼓励领军企业开放算法框架、公共数据和共性技术，为企业共同成长营造良好环境。到2027年，脑机接口关键技术取得突破，初步建立先 进的技术体系、产业体系和标准体系。 明日主题前瞻 1、机器人 | 2025世界机器 ...

Group 1 - Institutional trading board featured 36 stocks, with 12 net purchases and 24 net sales [1] - Top three stocks with the highest institutional purchases were Hongtian Co., Ltd. (300 million), Dongfang Precision (161 million), and Dawi Co., Ltd. (68.89 million) [1] - Hongtian Co., Ltd. saw a price increase of 2.74% with 3 buyers and 1 seller [2] - Dongfang Precision experienced a significant price increase of 9.97% with 3 buyers and no sellers [2] Group 2 - Dawi Co., Ltd.'s wholly-owned subsidiary, Dawi Chuangxin, focuses on NAND and DRAM storage products, including DDR3, DDR4, LPDDR4X, LPDDR5, and DDR5 memory modules [3] - The NAND product line includes eMMC products [3] - Ningbo Yunsheng and Zhenghai Magnetic Materials were highlighted in the rare earth sector on the institutional trading board [3] Group 3 - Tianyu Digital Science is actively accelerating the application of physical AI technology through VLA-based solutions [4] - The company aims to integrate virtual and physical intelligent systems to promote the widespread application of artificial intelligence in the real world [4]

| | | | | | | 8月 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / 日 / | | | --- | --- | --- | --- | --- | --- | --- | --- | | 代码 | 简称 | 收盘价 | 换手率 | 涨停板封单 | 封車资金 | 進板 | 涨停原因 | | | | (元) | (%) | (ケチ) | (16元) | 大数 | | | 002354 | 天娱数科 | 7.45 | 22.21 | 39.66 | 2.95 | 1 | 物理AI+具身智能+空间计算+参股芯明智能 | | 688110 | 东芯股份 | 73.20 | 14.65 | 3.30 | 2.42 | 1 | 砺算科技+GPU+存算联一体化 | | 688108 | 赛诺医疗 | 17.03 | 2.10 | 13.55 | 2.31 | 1 | FDA突破性医疗器械认证+神经介入创新+中报预增 | | 002148 | 北纬科技 | 1 ...

Core Insights - The emergence of Physical AI represents a shift from technical hype to practical applications, addressing real-world industrial needs and challenges [1][2] - The limitations of large language models (LLMs) in understanding the physical world highlight the necessity for reasoning models, or world models, to support Physical AI [2] - Energy AI, a specialized subset of Physical AI, focuses on understanding the complexities and operational rules of the energy sector, aiming for a comprehensive AI paradigm [3][4] Group 1: Physical AI and Its Implications - Physical AI is seen as a new technological protagonist, driven by the need for traditional industries to upgrade and new industries to develop [1] - The transition to Physical AI requires a choice of technical pathways, with current large language models being inadequate for multi-modal information processing [1][2] - The concept of world models, advocated by experts, is essential for AI to perceive and understand the physical environment [2] Group 2: Energy AI as a Specialized Application - Energy AI is defined as an integrated system that not only drives energy sector transformation but also comprehensively understands its operational dynamics [3][4] - The approach to developing Energy AI involves a combination of simulation and mechanism understanding, allowing AI to grasp energy system intricacies [4][5] - The successful implementation of Energy AI relies on high-quality industry data and knowledge, which poses a significant barrier to entry [4][5] Group 3: Automation in Energy Management - The concept of "energy autonomous driving" parallels the automotive industry's advancements, suggesting a structured approach to energy management [6][7] - The energy autonomous driving framework consists of three core components: perception models, a main system for interaction, and control execution units [7][8] - The progression from L1 to L5 in energy autonomous driving indicates a move towards greater autonomy and efficiency in energy systems [9] Group 4: Practical Applications and Innovations - The new generation of energy management devices, such as the "Energy Carbon Control Integrated Machine," enhances the practical application of Energy AI [10] - These devices are designed to be user-friendly and applicable across various industries, demonstrating the tangible benefits of Energy AI [10][11] - The integration of Energy AI into sectors like textile manufacturing showcases its potential to reduce waste and optimize processes [10][11]

1. 美国三大股指期货小幅上涨，纳指期货涨0.1%，标普500指数期货涨0.14%，道指期货涨0.29%。 2. 欧股主要指数涨跌不一，德国DAX指数跌0.02%，英国富时100指数涨0.26%，法国CAC指数涨 0.27%，欧洲斯托克50指数涨0.18%。 3. 白宫官员：特朗普的首要任务是让经济数据可靠；预计周三将看到苹果的投资承诺。 4. 英伟达发表声明澄清其芯片不存在后门、终止开关和监控软件。 5. 英伟达将深度参与2025世界机器人大会，发表主题演讲并展示在物理AI与通用机器人领域的布局。 6. 爆料称苹果iPhone17系列发布会将定档当地时间9月9日(北京时间9月10日凌晨)。 7. 美国卫生与公众服务部宣布将终止22项与mRNA疫苗相关的合同，涉及莫德纳、辉瑞、赛诺菲和阿斯 利康等疫苗生产商。 8. 国泰航空将斥资81亿美元订购14架波音777-9型客机，为逾十年来首笔交易。 9. 据报西班牙搁置向洛克希德·马丁公司购买F-35战斗机的计划。 10. 据报爱奇艺寻求通过在香港市场上市融资3亿美元。 11. 据报亚朵正考虑在香港进行二次上市，预料集资额达数亿美元。 12. 诺和诺德Q2营收768 ...

Group 1 - Nvidia confirms deep participation in the 2025 World Robot Conference, highlighting its strategic layout in physical AI and general robotics [1] - Nvidia will deliver a keynote speech and showcase its latest achievements in software-hardware synergy and ecosystem collaboration alongside partners like Galaxy General, Yuzhu Technology, and Zhongjian Technology [1] - The conference will take place from August 8 to 12, 2025, at the Beiren Yichuang International Exhibition Center in Beijing Economic and Technological Development Zone, themed "Making Robots Smarter and Bodies More Intelligent" [1] Group 2 - The event is organized by the China Electronics Society and the World Robot Cooperation Organization, featuring an opening ceremony, closing ceremony, and forums [1] - Concurrent activities include the World Robot Expo and the World Robot Competition [1]

Market Overview - The market opened slightly lower on August 6, with small-cap stocks leading the gains. The Shanghai Composite Index rose by 0.27% to 3627.54 points, while the Shenzhen Component increased by 0.46%, and the ChiNext Index gained 0.39% [1][2] - The A-share market recorded a half-day trading volume of 1.07 trillion yuan [1] Monetary Policy - The People's Bank of China conducted a 138.5 billion yuan reverse repurchase operation with a fixed rate of 1.40% on August 6. The total amount of reverse repos maturing that day was 309 billion yuan, resulting in a net withdrawal of 170.5 billion yuan [2] Robotics and AI Industry - Nvidia announced its deep involvement in the 2025 World Robot Conference, showcasing its layout in physical AI and general robotics alongside partners like Galaxy General and Yushu Technology [3] - The Shanghai Municipal Government released an implementation plan for the development of embodied intelligence, aiming for breakthroughs in core algorithms and technologies by 2027, with a target industry scale exceeding 50 billion yuan [3] Sector Performance - The PEEK materials sector has seen significant gains, with companies like Huami New Materials and Xinhan New Materials experiencing substantial stock price increases [4] - The military industry sector is benefiting from increased military spending globally, particularly following the Russia-Ukraine conflict, leading to a rise in military trade [4] Company Insights - Great Wall Military Industry has increased its R&D investment, focusing on product upgrades and expanding its product line to drive future growth [6] - Aerospace South Lake specializes in air defense radar, with a strong technical foundation and potential market space for transitioning military products to civilian use [6] - Inner Mongolia First Machinery Group is expected to benefit from the ongoing demand for new army equipment [6] - Construction Industry is accelerating its layout in various sectors, including new special equipment and green technology, to cultivate new growth engines [6]

Core Viewpoint - 招银国际 raised the target price for 瑞声科技 from HKD 58.78 to HKD 63.54, maintaining a "Buy" rating, reflecting strong growth in optical and precision components business [1] Group 1: Financial Performance - 瑞声科技's revenue and net profit are expected to grow by 24% and 66% year-on-year for the first half of the year, driven by upgrades in acoustic and haptic products, increased orders for thermal products, and improved profitability in optical business [1] - The earnings per share forecast for 瑞声科技 for 2025 to 2027 has been increased by 8% to 12% [1] Group 2: Market Opportunities - 瑞声科技 is well-positioned to capitalize on new opportunities in AI smartphones, AI glasses, automotive acoustics, optical products, and robotics due to its technological advantages across multiple product lines [1] - The global and Chinese smart glasses markets are expected to grow by 43% and 121% year-on-year, respectively, with 瑞声科技 benefiting from this demand surge [2] Group 3: Product Development - In the AI glasses sector, 瑞声科技 has achieved a collaborative design of sound, light, and touch, successfully shipping products to notable domestic clients [2] - 瑞声科技 showcased its micro-motor product matrix at CES 2025, which includes high-performance rotary motors and innovative composite drive modules, applicable in robotic dexterous hands [2] - The automotive acoustic sector is evolving, with 瑞声科技 enhancing its physical AI ecosystem through acquisitions, expanding its product applications across traditional and new automotive brands [2]

Core Viewpoint - The article highlights the recent developments in the AI application sector, particularly focusing on the rise of AI applications following the approval of the "Artificial Intelligence +" action plan by the State Council. This has led to significant stock price increases for several companies involved in AI applications [1]. Group 1: AI Application Developments - The State Council approved the "Artificial Intelligence +" action plan on July 31, which is expected to boost AI application development [1]. - Companies such as Zhengzhong Design, Dingjie Smart, and Guomai Culture saw stock price increases, with Zhengzhong Design hitting the daily limit [1]. - Xiaomi's collaboration with Douzi to enhance AI agent distribution capabilities is a significant development in the AI application landscape [1]. Group 2: Kimi K2 Model Insights - Kimi K2 has evolved from L2 pure reasoning capabilities to L3 agent capabilities, indicating a significant advancement in its functionality [2][4]. - The hardware costs and computational requirements for Kimi K2 are expected to be lower than those of similar models, enhancing its market competitiveness [5]. - The commercial speed of large models in specific fields, such as tax and legal services, is anticipated to accelerate [2]. Group 3: AI Programming and Market Trends - The AI programming sector is facing a bottleneck, with traditional pre-training methods reaching their limits, achieving only about 70% success in code generation [6]. - Major international companies are shifting focus from model capability enhancement to developing "Coding Agent" tools to address complex programming challenges [6][7]. - Domestic companies like ByteDance and Alibaba are making strides in AI-assisted IDE tools, but the development of AI Coding Agents is still in the demo stage [8]. Group 4: Future Opportunities and Applications - The release of Kimi K2 is expected to lower the barriers for enterprises to build private models tailored to specific business scenarios [9]. - The AI all-in-one machine market may experience a resurgence, focusing on the application of existing hardware combined with new high-performance models [10]. - There is a growing demand for high-quality private data annotation services, particularly in sectors like tax and legal services [17]. Group 5: AI Impact on Various Sectors - AI is being increasingly integrated into the legal sector, enhancing pre-litigation mediation processes [12]. - In the tax sector, leading SaaS companies are utilizing AI tools to improve sales capabilities and address complex tax issues [12]. - The creative sector is witnessing significant AI adoption, with platforms enabling users to generate and refine AI-created content [12]. Group 6: Emerging Technologies and Future Expectations - The concept of "Physical AI" is gaining attention, focusing on enabling AI to interact with the physical world [14][15]. - The upcoming release of GPT-5 is highly anticipated, with expectations for advancements in multi-modal capabilities and the transition from L2 to L3 capabilities [16].

行 业 及 产 业 行 业 研 究 / 行 业 点 评 相关研究 《计算机持仓占比低位！AI 链商业化拐点 将至！——计算机行业周报 20250721- 20250725》 2025/07/26 《Kimi K2 发布获多项开源 SOTA！美国天 才法案通过！——计算机行业周报 20250714-20250718 》 2025/07/19 证券分析师 黄忠煌 A0230519110001 huangzh@swsresearch.com 洪依真 A0230519060003 hongyz@swsresearch.com 刘洋 A0230513050006 liuyang2@swsresearch.com 研究支持 崔航 A0230524080005 cuihang@swsresearch.com 徐平平 A0230123060004 xupp@swsresearch.com 曹峥 A0230525040002 caozheng@swsresearch.com 陈晴华 A0230123090010 chenqh@swsresearch.com 联系人 罗宇琦 (8621)23297818× luoyq@swsre ...