导语 乐聚夸父人形机器人已搭载NVIDIA Jetson Thor ，并实现多种具身模型端侧部署，在物流、智能制造、3C电子、 汽车装配、日化生产五大工业应用场景中，"夸父"以优异的性能完成了标准化流程操作。此举将进一步加速乐聚 的机器人产业落地和商业化进程。 乐聚全尺寸人形机器人"夸父"全身拥有40余个自由度，其仿生结构设计为复杂工业任务执行提供了前所未有的灵 活性与适应性。然而，高自由度设计也带来了巨大的计算挑战——系统需要实时协调全身关节运动，在维持动态 平衡的同时精准完成操作任务。 NVIDIA Jetson Thor以其2070 FP4 TFLOPS的AI计算性能、多模态感知能力和灵活的部署特性，为"夸父"提供了至 关重要的"最强大脑"。该平台不仅将AI计算性能提升至传统方案的7.5倍，更通过35%的带宽提升确保了大流量多 模态数据的稳定处理，使"夸父"能够在ACT、DP、VLA、Pi0等多种模型上实现优秀的端侧运算能力，为工业场景 中的复杂任务执行奠定了技术基础。 场景验证--五大工业应用彰显科技硬实力 ▎ 物流场景：长时稳定分拣的性能突破 在物流分拣环境中，物品的尺寸、形状和材质各不相同，机器人 ...

10月15日早盘，A股三大指数小幅高开，科创50ETF（588000）探底回升跌幅收窄。截至10:02，下 跌0.68%，持仓股阿特斯等走强，涨超5%。资金上看，科创50ETF近日呈资金净流入态势，近5日吸金 22.46亿元，近10日吸金18.97亿元。 每日经济新闻 （责任编辑：董萍萍 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 科创50ETF追踪科创50指数，指数持仓电子行业70.55%，计算机行业4.54%，合计75.09%，与当前 人工智能、机器人等前沿产业的发展方向高度契合。同时涉及半导体、医疗器械、软件开发、光伏设备 等多个细分领域，硬科技含量高。从当前位置来看，参照创业板历史走势，科创未来成长空间值得期 待。看好中国硬科技长期发展前景的投资者建议持续关注。 相关ETF：科创50ETF（588000） 消息面上，存储模组大厂威刚董事长陈立白表示，当前DRAM内存、NAND闪存、固态硬盘 ...

早盘市场涨跌互现，科创50指数加速波动下跌近1%，盘中跌破10日均线。从周线维度来看，指数正处 于突破后的回踩阶段，建议关注指数1360处能否企稳。 科创50ETF（588000）追踪科创50指数，指数持仓电子行业68.77%，计算机行业4.99%，合计73.76%， 与当前人工智能、机器人等前沿产业的发展方向高度契合。同时涉及医疗器械、软件开发、光伏设备等 多个细分领域，硬科技含量高。从当前位置来看，科创50指数仍在基点附近，参照创业板历史走势，未 来成长空间值得期待。看好中国硬科技长期发展前景的投资者建议持续关注。 相关ETF：科创50ETF（588000）。 中信建投认为科技板块也有前期涨幅较大的问题，6月底以来创业板指和科创50上涨超过或接近60%， 积累了一定的高位风险和止盈压力。面对近期科技板块和中美关系的扰动，短期建议中性应对，警惕流 动性风险，长期仍然坚持科技主线。 ...

骏鼎达（301538.SZ）10月15日在投资者互动平台表示，公司主营业务为高分子改性保护材料的设计、 研发、生产与销售，主要产品包括功能性保护套管和功能性单丝等，目前暂无与"机器人柔性织物外 衣"直接对应的产品。若未来有涉及新兴领域的实质性研发或业务布局，公司将严格按照信息披露规则 履行义务。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：Figure 03发布，机器人穿着一身柔性织物"外衣"，该织 物可拆洗可替换，支持防割与耐磨，请问公司是否具备该织物产品或生产储备、技术等？ ...

【深圳商报讯】（驻穗记者张莹 文/图）"中国第一展"第138届中国进出口商品交易会（下称"广交会"） 今日起至11月4日分3期在海珠琶洲广交会展馆举办。本届广交会将首设智慧医疗、服务机器人等专区， 多项参展规模创纪录。 记者从深圳交易团获悉，本届广交会深圳交易团有1374家企业参展，展位总数3197个。其中品牌展位企 业90家，品牌展位459个，服务机器人7家企业28个展位。48%参展深企为国家级专精特新"小巨人"企 业、国家级制造业单项冠军企业、国家级高新技术企业以及省级专精特新中小企业等称号企业（共计 658家）；在本届三期新增的智慧医疗专区，深圳市德壹医疗科技有限公司获得4个展位。 据悉，第138届广交会展位总数7.46万个，参展企业超3.2万家，均创新高，约3600家企业首次亮相。高 新技术、专精特新、单项冠军等称号的优质企业首次突破1万家，创历史新高，占出口展企业总数的 34%。现场将展出智能类产品35.3万件。 本届广交会首设智慧医疗专区，吸引手术机器人、智能监测及可穿戴设备等47家企业参加。此外，首次 举办外贸优品拓内销对接活动，设置约3000平方米对接专区。还将举办超600场新品发布活动和13 ...

Core Insights - The report highlights that amidst escalating external uncertainties due to ongoing US-China trade tensions, industries with significantly improved profit expectations for Q3 are seen as higher certainty investment directions in the A-share market [1][5][14] - Key industries with notable upward adjustments in profit expectations include non-ferrous metals, non-bank financials, comprehensive sectors, pharmaceutical biology, public utilities, and banking [5][15] - The report indicates that from September 1, 2025, to October 12, 2025, the profit expectation adjustment ratios for banking, comprehensive sectors, non-bank financials, and retail trade are 52.8%, 50.0%, 46.0%, and 42.1% respectively [5][15] Industry Summaries - **Primary Industry Adjustments**: The report notes that the overall profit expectation adjustments for the first-level industries are as follows: non-ferrous metals (1.5%), non-bank financials (1.4%), comprehensive sectors (0.5%), pharmaceutical biology (0.2%), public utilities (0.2%), and banking (0.1%) [5][15] - **Secondary Industry Highlights**: Within the second-level industries, significant upward adjustments in profit expectations are observed in marine equipment II (4.7%), biological products (3.5%), agricultural product processing (2.7%), securities II (2.5%), industrial metals (2.2%), and precious metals (2.1%) [6][21] - **Recent Performance Trends**: The report identifies that in the past two quarters, revenue and gross margins have consistently improved in industries such as rare earth magnetic materials, fiberglass and products II, cement and concrete, fine chemicals and new materials, and other metals and materials II [6][25] - **TMT Sector Growth**: The TMT sector shows significant profit growth, with quarterly profit growth rates for computing, telecommunications, and electronics in Q2 2025 at 685.5%, 64.5%, and 49.3% respectively [6][28] Market Outlook - The report anticipates a revaluation trend for Chinese assets, suggesting that even if there are short-term fluctuations due to rapid market increases, the long-term positive trend remains intact, with expectations of a "slow bull" market [7][29] - Investment directions include a focus on technology growth areas such as AI computing, innovative pharmaceuticals in Hong Kong, and military industries, while also paying attention to sectors benefiting from supply-demand improvements like metals, transportation, chemicals, lithium batteries, photovoltaics, and pig farming [7][29][30] - The report emphasizes that the fundamental factors will ultimately determine market trends, with expectations for the real estate market to stabilize and the effects of "anti-involution" policies to become evident, supporting a sustained upward trajectory for the A-share market [31]

Group 1 - The annual "Double Eleven" shopping festival is approaching, with platforms like JD.com, Douyin, and Bilibili already launching their 2025 promotional activities [1] - JD.com reported a 47.6% year-on-year increase in active users from October 9 to 10, leading the industry, with significant sales growth in categories like home appliances and electronics, exceeding 70% [1][4] - Simplification of promotional strategies is a key trend this year, with JD.com offering direct discounts as low as 10% and Douyin providing a minimum 15% discount on core products [2][3] Group 2 - The promotional period for "Double Eleven" has been extended, with JD.com starting its activities immediately after the National Day holiday, and Douyin combining its Mid-Autumn Festival promotions with "Double Eleven" for a total of 57 days [3] - JD.com has seen a tenfold increase in transaction volume for exclusive products, with significant growth in AI-related categories such as smart robots and AI hardware [4][5] - The integration of AI tools in the shopping experience has improved efficiency, with JD.com offering various AI services to enhance customer interaction and reduce wait times [5]

Core Insights - JD.com reported a significant increase in active users and sales during the 11.11 shopping event, with a 47.6% year-on-year growth in active users and over 70% growth in orders for electronic categories [1][4] - The event featured a variety of promotional activities, including the launch of the "采销推荐" section to help consumers find value products and the introduction of eight surprise days with celebrity collaborations [3][12] User Engagement and Sales Performance - JD.com’s app saw a 47.6% increase in active users from October 9 to 10, leading the industry in user growth [1] - Orders for electronic products, including home appliances and mobile devices, surged over 70% year-on-year, solidifying JD's market leadership [4][6] Product Categories and Trends - Sales of AI-related products, such as smart robots and 3D printers, experienced substantial growth, with smart robots increasing by 500% and AI glasses by over 300% [6] - The fashion sector also thrived, with nearly 2000 brands seeing over 200% growth in sales, particularly in winter apparel [7] Special Promotions and Discounts - JD.com introduced significant discounts, with some products available at as low as 10% of their original price, and offered up to 2111 yuan in coupons for consumers [10][11] - The event included a "super flash sale" and various live-streaming promotions featuring celebrity endorsements [11] Logistics and Technology Integration - JD.com implemented advanced AI and logistics technologies, including the "超脑+狼族" smart device cluster, enhancing operational efficiency by nearly 20% [15][18] - The logistics network involved over 660,000 employees and 3600 warehouses, ensuring rapid delivery, especially to remote areas [18] New Product Launches and Collaborations - The event featured the launch of a "national good car" in collaboration with CATL and GAC Group, available exclusively on JD.com [14] - JD.com also emphasized the introduction of new products from major brands like Xiaomi and iPhone, along with various promotional activities [13]

9 月批发同比两位数增长，新能源渗透率再 推荐（维持） 创新高 事项： 乘联会发布数据，9 月狭义乘用车产量 284 万辆，同比+17%，环比+16%；批 发 280 万辆、同比+12%、环比+13%。 评论： 行业研究 证 券 研 究 报 告 汽车行业 9 月销量点评 零部件：机器人：建议低位布局优质标的并等待，头部推荐敏实集团，同时推 荐调整中的头部标的拓普集团、银轮股份、豪能股份、双环传动、新泉股份， 建议关注均胜电子。其次新增推荐常熟汽饰、星宇股份，继续推荐福赛科技、 爱柯迪，旭升集团、福达股份，建议关注金钟股份；AI/智驾：重点推荐地平线 机器人，近期大幅调整，11 月 HSD 上线有望带来基本面催化，建议关注禾赛 科技、耐世特、浙江世宝，预计将受益于 L4；液冷：继续推荐银轮股份、凌 云股份。 风险提示：宏观经济、国内消费低于预期，汽车出口低于预期，新能源车销量 低于预期，原材料价格波动等。 汽车 2025 年 10 月 14 日 华创证券研究所 证券分析师：张程航 电话：021-20572543 邮箱：zhangchenghang@hcyjs.com 执业编号：S0360519070003 证券 ...

Market Analysis - The A-share market opened high but closed lower, indicating increasing risk aversion among investors, with the Shanghai Composite Index closing at 3865.23 points, down 0.62% [9] - The Shenzhen Component Index fell by 2.54% to 12895.11 points, while the ChiNext Index dropped 3.99% to 2955.98 points, falling below the 3000-point mark [9] - The market's total trading volume reached 2.60 trillion, an increase of 9.4% from the previous trading day [9] - The Ministry of Commerce announced countermeasures against U.S. sanctions, which may heighten concerns over U.S.-China trade tensions, leading to a rise in defensive sectors such as banking and consumer goods [9] Bond Market - The government bond futures continued to rebound, with significant gains in long-term contracts, including a 0.34% increase in the 30-year contract [14] - The central bank's liquidity injection through reverse repos has kept the funding environment relatively loose, supporting the bond market's recovery [14] - The short-term outlook for government bonds remains positive due to ongoing risk aversion and a favorable liquidity environment [14] Commodity Market - Precious metals continue to lead the commodity market, with gold and silver prices rising by 2.70% and 2.64% respectively, although there was a notable afternoon pullback in gold prices [14][15] - The shipping index saw a significant increase of 7.36%, while other sectors like black metals and certain energy products experienced declines [14] - The overall commodity market is characterized by increased volatility, driven by macroeconomic policies and fundamental industry factors [14] Investment Opportunities - Key investment themes include precious metals, artificial intelligence, nuclear fusion, domestic chips, robotics, and consumer sectors, all showing potential for growth [16] - The report emphasizes a balanced investment strategy, suggesting a "barbell" approach that includes undervalued defensive assets while waiting for opportunities in the technology sector as market risk appetite recovers [9][17] - The ongoing U.S.-China trade conflict and the potential for further communication between leaders at the APEC summit are critical factors to monitor for future market movements [9]