编译：shiling 编辑：Siqi 海外独角兽原创编译 转载请注明 FutureHouse 是由 Google 前 CEO Eric Schmidt 资助创立的、专注于 AI for Science 方向的的 AI Lab， 团队的长期目标是打造可自主提出问题、规划实验、迭代假设的 AI 科学家 体系。 今年 5 月，FutureHouse 推出了四个 AI 科研 agent，分别是 Crow（通用智能体）、Falcon（自动化文 献综述智能体）、Owl（调研智能体）以及 Phoenix（实验智能体），这些 AI agent 可访问完整科学 文献全文，还具备信息质量评估能力，一个月后，FutureHouse 又宣布自己的 AI 系统 Robin 成功发 现了新药。 AI 推动生物科学 可以分为两层视角，一层视角是以 AlphaFold 3 、ESM3 到 Evo 2 等模型为代表，把 分子-细胞-系统的设计空间瞬间打开，另外一层则是 FutureHouse 在探索的科研自动化，agent 系统构 成的 AI Scientist 把实验室变成"黑灯实验室"，进一步变成可编排的软件流水线。FutureHouse ...

Core Insights - The express delivery industry is experiencing a technological upgrade, particularly in the fruit delivery sector, with the lychee season being a significant peak period after major shopping events like Double Eleven and 618 [1][10] Group 1: Lychee Delivery Trends - The lychee season in Guangdong's Maoming is marked by a substantial increase in delivery volume, with one express outlet reporting a record high of 900 tons this year, compared to 200 tons last year [4] - The demand for lychee delivery has surged, with a nearly 30% share of fruit orders during peak days at the express outlet [4] - The logistics of lychee delivery are complex due to the fruit's high freshness requirements, necessitating rapid delivery and specialized packaging [4][10] Group 2: E-commerce and Order Sources - Orders for lychees are diversified across multiple e-commerce platforms, with significant contributions from Pinduoduo and Douyin [5] - Search volume for lychees on Meituan has increased by 179% compared to the same period last year, with certain varieties seeing over 200% growth [8] - JD.com reported a more than fivefold increase in sales of Guangdong lychees this year [9] Group 3: Technological Advancements in Delivery - The express delivery sector is increasingly utilizing technology for route planning and monitoring, enhancing efficiency in the lychee delivery process [5][10] - Automation in sorting processes has been introduced, allowing for a significant increase in sorting capacity from 150 to 8000 packages per hour [11] - The express industry has implemented cost-saving measures for farmers, including providing packaging materials and optimizing delivery routes, which has reduced delivery costs to 50% of the market average [11]

全球电商爆发、劳动力成本攀升与柔性供应链需求浪潮，正强力驱动仓储自动化升级。在这一追求存储密度、 拣选效率和灵活部署的变革中， 自主移动机器人（ AMR）凭借无与伦比的柔性与可扩展性，迅速赢得市场 认同 。 不少知名机构对该市场释放积极预判。例如灼识咨询报告指出， 全球 AMR解决方案市场规模预计从2024年 的387亿元提升到2029年1621亿元 ， 复合增速达到 33.1% 。这意味着未来五年内， AMR 市场将释放超 千亿元的增量空间，一片蓝海正待开拓。 ▍ AMR为何成为刚需？颠覆式优势何在？ 与堆垛机立体库、输送机和分拣带等为代表的传统自动化解决方案相比， AMR方案能够灵活处理不同规模订 单、快速适应运营变化、降低初期投入成本，还支持快速部署和模块化扩展，企业可按业务需求逐步增加方案 体量。这对于应对当下瞬息万变的市场环境来说，至关重要。 灼识咨询的数据印证了其增长动能。报告显示， 未来 AMR解决方案市场增速高于仓储自动化解决方案的增 速 。此外， AMR方案在整体仓储自动化领域的渗透率，将由2020年的4.4% 跃升至2029 年的20.2%。 同时， AMR企业正展现出替代传统AGV系统集 ...

Company Overview - Geek+ is the world's largest provider of AMR solutions for warehousing fulfillment, maintaining this leading position for six consecutive years. The funds raised from the IPO will primarily be used for R&D, product iteration, sales and service network expansion, supply chain development, digital management, data security, and general corporate purposes [1] - The company offers a range of AMR solutions aimed at enhancing warehousing fulfillment and industrial handling scenarios, significantly improving supply chain efficiency while reducing reliance on manual labor [1] Product Solutions - Geek+ provides various picking solutions, including: - Shelf-to-person picking solution with an efficiency of up to 400 items per hour per workstation [3] - Box-to-person picking solution with an efficiency of 300 items per hour per workstation [3] - High-density, high-throughput integrated storage and picking system for pallet handling [3] - Intelligent sorting solutions, being one of the first to adopt flexible sorting solutions for small packages [3] - The intelligent handling solutions cover various scenarios in warehouses and factories, with applications in e-commerce, retail, logistics, pharmaceuticals, automotive, and 3C manufacturing [4] Financial Performance - Orders generated were 1.996 billion RMB in 2022, 2.694 billion RMB in 2023, and projected at 3.140 billion RMB in 2024. Revenue for the same years was 1.45 billion RMB, 2.14 billion RMB, and 2.41 billion RMB, showing a gradual slowdown in growth [6] - The overall gross margin has been increasing, reaching 34.8% in 2024, with the gross margin for warehousing fulfillment AMR solutions at 39.2% and overseas AMR gross margin at 46.5% [6][7] - Adjusted net losses decreased significantly from 820.9 million RMB in 2022 to 92.2 million RMB in 2024, indicating a nearing profitability point [6] Sales Channels - In 2024, direct sales accounted for 66.8% of total revenue, with the number of direct customers increasing from 126 in 2022 to 174 in 2024 [9] - The company had 301 channel partners serving the domestic market and 64 serving international markets by the end of 2024 [9] Industry Outlook - The global penetration rate of warehousing automation solutions was only 22.5% in 2024, with challenges such as high integration costs and a lack of skilled labor [11] - The global AMR solutions market is expected to grow at a compound annual growth rate of 33.1% from 2024 to 2029, reaching 162.1 billion RMB [11] Competitive Advantages - Geek+ has a strong technological barrier with its proprietary Robot Matrix platform, enabling rapid iteration and customization of AMR devices [13] - The company has established a global service network with over 48 service stations and has delivered 56,000 AMR robots to more than 40 countries [14] - High customer retention rates, with a repurchase rate of 74.6% in 2024, indicating strong customer loyalty [15]

用于辅助科学研究的大模型智能体，正在悄然发生变化 1 背景与动机 第一作者孙秋实是香港大学计算与数据科学学院博士生，硕士毕业于新加坡国立大学数据科学系。主要研究方向为 Computer-using agents 和 Code intelligence， 在 NLP 和 ML 顶会 ACL，EMNLP，ICLR，COLM 等发表多篇论文。本文的 OS-Copilot 团队此前已发布了 OS-Atlas、OS-Genesis 和 SeeClick 等同系列电脑智 能体研究成果，被广泛应用于学术界与产业实践中。 过去几年，随着 LLMs 和 VLMs 的飞速进步，我们见证了 AI 在自然语言处理、编程、图像理解等领域的广泛应用。而在科学研究这一关乎人类知识积累的关键 场域，基于这些强大模型的智能体正悄然成为科研工作流的 "新型合作者"。 在早期，AI 在科学中的角色往往是 "分析器"—— 帮助分析数据、撰写文献、生成图表。但随着电脑智能体（Computer-Using Agents，也称 CUA）的出现，这一 角色正在发生根本性转变。相比于传统的语言模型助手，这类智能体能够像人类一样操作计算机，通过图形界面点击、拖 ...

Core Viewpoint - Megatech is a leading provider of autonomous intelligent agents in China's robotics technology application sector, focusing on enhancing productivity and driving innovation in smart laboratories and intelligent manufacturing scenarios [5][6]. Company Overview - Megatech has submitted a listing application to the Hong Kong Stock Exchange, with Morgan Stanley, Huatai International, Deutsche Bank, and Jianyin International as joint sponsors [1]. - The company specializes in autonomous intelligent agents that can independently complete complex tasks, allowing human resources to focus on high-value work in laboratory and manufacturing settings [5]. - Megatech's autonomous intelligent agents are designed to adapt to the demands of modern AI-driven environments, providing a competitive edge in handling vast amounts of real-time data [5]. Market Potential - The global market for autonomous intelligent robotics technology is projected to grow from approximately RMB 31.8 billion in 2020 to about RMB 114.3 billion by 2024, with a compound annual growth rate (CAGR) of 37.7%, and is expected to reach around RMB 383.7 billion by 2030 [6]. - There is significant potential for market penetration, particularly in smart laboratories and intelligent manufacturing applications, where the use of autonomous intelligent agents is still in its infancy [6]. Competitive Position - Megatech ranks first among domestic suppliers of autonomous intelligent agents in China based on revenue generated from smart laboratory scenarios in 2024 [8]. - The company has successfully deployed its autonomous intelligent agents with leading clients in the life sciences and industrial manufacturing sectors, showcasing its ability to scale and configure solutions across various applications [8]. Financial Performance - Megatech reported revenues of approximately RMB 455 million, RMB 663 million, and RMB 930 million for the years 2022, 2023, and 2024, respectively, while incurring losses of approximately RMB 759 million, RMB 741 million, and RMB 780 million during the same periods [9][10]. - As of June 21, 2025, the company's order backlog has significantly increased to RMB 1.5 billion, indicating strong customer demand and expanding market opportunities [9].

来源|贝多财经 近日，北京极智嘉科技股份有限公司（下称"极智嘉"）通过港交所上市聆讯，并披露了聆讯后资料集 （即招股书）。据贝多财经了解，极智嘉曾于2021年5月与中金公司签署上市辅导协议，并在北京证监 局备案，准备在上海证券交易所科创板IPO。 不过，极智嘉并未提交A股上市申请，而计划在港交所上市。并于2024年10月与中金公司终止辅导。对 此，极智嘉给的原因是，为进一步拓展全球化业务，考虑到港交所将为其提供一个获取外资和吸引多元 化海外[编纂]的国际平台。 截至2024年12月31日，极智嘉已向全球40多个国家和地区交付了约5.6万台AMR。据灼识咨询的资料， 2024年，极智嘉在整个全球仓储履约AMR解决方案市场占据9.0%的市场份额，在全球仓储自动化解决 方案市场占据约1%的市场份额。 2022年、2023年、2024年，极智嘉的营收分别约为人民币14.52亿元、21.43亿元和 24.09亿元，毛利分别 约2.57亿元、6.59亿元和8.37亿元，净亏损分别约为15.67亿元、11.27亿元和 8.32亿元。 | | | | FITUSI HIT J. 12 | | | | | --- | --- ...

Group 1: Investor Relations Activity - The investor relations activity was a targeted research event held on June 23, 2025, via an online meeting [3] - Attendees included multiple securities firms and asset management companies, totaling over 30 participants [4] Group 2: Company Expansion Plans - The company plans to expand its automated production base and R&D center, focusing on the development and production of precision sliding rails for home appliances and servers [3] - The new projects will be located in Huishan District, Wuxi, covering an area of 25,000 square meters, with completion expected by April 2026 [4] Group 3: Market Demand and Production Capacity - Compared to the same period last year, there has been an increase in market demand for server sliding rails, and the company currently has sufficient production capacity to meet existing orders [5] Group 4: Product Development - The company's sliding rail products are categorized into five types: 1. Ball-type sliding rails, widely used and lightweight 2. Friction-type sliding rails, suitable for small server chassis with a load capacity of around 30 kg 3. L-type products, designed for heavy server chassis with a load capacity of 120-150 kg 4. Tray-type products, primarily for liquid-cooled servers 5. Square tube-type products, suitable for heavy server chassis requiring cabinet transport [6] Group 5: Hinge Product Direction - The company's hinge products are primarily aimed at embedded refrigerators, which are increasingly popular in the market due to their seamless integration with cabinetry [7] - These hinges are designed to allow the refrigerator door to open fully, utilizing multi-link hinges with variable tracks [8]

Core Viewpoint - Zhejiang Zhongde Control Technology Co., Ltd. (hereinafter referred to as Zhongde Technology) has been accepted for IPO on the Beijing Stock Exchange, aiming to raise 189.5 million yuan for various projects and working capital [1] Company Overview - Zhongde Technology was established in 2007 with a registered capital of 66.446 million yuan, primarily engaged in the R&D, production, and sales of industrial control valves and automation control systems, mainly applied in the petrochemical industry [1] Financial Performance - From 2022 to 2024, Zhongde Technology's operating revenue was 435 million yuan, 466 million yuan, and 469 million yuan respectively, showing slight fluctuations [3] - The net profit attributable to the parent company, after deducting non-recurring gains and losses, was 48.04 million yuan, 54.33 million yuan, and 45.72 million yuan for the same years [3] - The comprehensive gross profit margins were 37.21%, 35.62%, and 30.96% respectively, indicating a downward trend [3] - The asset total for the year ending December 31, 2024, is projected to be approximately 674.86 million yuan, with total equity of about 396.03 million yuan [3] Shareholding Structure - The company is jointly controlled by four individuals: Zhang Zhongmin, Zhang Zhongyi, Zhang Zhongbiao, and Chen Xiaohua, who collectively hold 53.4% of the shares [5] - Zhang Zhongmin holds 23.9% of the shares, while Zhang Zhongyi, Chen Xiaohua, and Zhang Zhongbiao each hold 8.0% [5] - Zhang Zhongmin has been the chairman of Zhongde Technology since December 2013, while Zhang Zhongyi has served as the director and general manager since October 2019 [5][6]

内容概况：随着工业4.0和智能制造的兴起，清洁行业也迎来了智能化转型的浪潮。传统的清洁方式往 往依赖于大量的人力劳动，效率低下且成本高昂。在此背景下，干冰清洗机以其独特的环保优势和高效 的清洁能力，正在成为在线清洗领域的重要力量，展现出巨大的发展潜力。干冰清洗机利用固态二氧化 碳（干冰）在常温下迅速升华的物理特性，通过高压空气或氮气将干冰颗粒加速喷射到待清洁表面。干 冰颗粒在撞击过程中迅速升华为气体，利用爆破效应和温差使污垢和污染物从基材表面剥离，达到清洁 效果。近年来，随着工业清洁技术的不断升级和环保要求的日益严格，干冰清洗机规模持续扩张。据统 计，2024年中国干冰清洗机市场规模约为7.25亿元。随着工业化信息化的发展，干冰清洗机行业逐渐向 信息化、智能化、自动化方向发展。未来，干冰清洗机将更加注重技术创新和智能化发展，通过引入先 进的传感器技术、机器视觉和人工智能算法，实现自动化控制和精准清洁作业。 一、干冰清洗机行业概述 1、定义及分类 干冰清洗机是一种清洗机，清洗系统通过高压空气将干冰清洗机的干冰粒喷射到需要清洗的工作表面， 利用温差的物理反应使不同的物质在不同的收缩速度下产生脱离。干冰清洗机可分为 ...