豆神教育（300010.SZ）1月5日在投资者互动平台表示，您好，公司的学伴机器人已于2025年12月22日 进行第一批预售，公司模型采用moe混合模型架构，算力以火山引擎为主。请广大投资者谨慎看待热 点，理性投资。感谢您的关注。 （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：你好，贵司的伴学机器人是否已经上市了？还是说仅 限于在一些展会展览了？是否开启预售了？或者开始销售了呢？另外，贵司的模型算力，是否是自己的 模型算力平台？还是说接入的别的算力平台？ ...

2025年A股在政策、估值、盈利、资金四重支撑下走出了牛市行情，但A股市场细分赛道的分化却愈发 明显。2026年作为"十五五"规划开局之年，经济转型深化与政策发力预期叠加，在这样的背景下，2026 年的投资机会如何？从技术分析的角度来看，2026年的A股市场在私募大佬眼中又会有怎样的表现？ 近日，市场资深分析人士刘宁川从技术分析的角度对2026年的市场作出推演。 刘宁川表示，展望2026年，投资方面，最好的方向应该是处于新旧经济交替的A股，特别是科技股，将 会有不俗表现。而技术上，2026年的A股只要守稳3700点水平，展开的将会是波澜壮阔的3iii主升浪行 情。 2024年预期的冲破3700点、挑战4000点的行程，在8月后已经圆满完成，"赤马""红羊"年的任务将会是 冲击5178点挑战"宇宙顶"6124点。 科技竞争大环境基本是一种赢家通吃的状态，所以投资上也要遵守一个字"稳"，要安安心心拿着成长 性、垄断性特别好的科技真龙头。 他认为，在大国博弈的赛道中，有两个主线，一个是能源革命，一个是科技革命。能源革命主要方向就 是新能源电力的应用，固态电池与未来可控核聚变。 科技方面主要就是AI+万物，AI最重要 ...

每经AI快讯，12月23日，中坚科技（002779）在互动平台表示，公司通过全资子公司TOPSUN USA INC.与投资合作伙伴共同投资设立SPV公司，用于投资海外人工智能机器人1X Holding AS公司。截至 目前，公司尚未与1X机器人公司达成供应链等方面的正式合作协议。 ...

近日，证监会对珞石机器人赴港IPO要求其就外资准入、境外投资、新增股东入股价格的合理性及股权 激励合规性等事项进行补充说明。 具体来看，证监会请公司补充说明以下事项，请律师核查并出具明确的法律意见： 资料显示，珞石机器人成立于2014年，作为全球领先的下一代人工智能机器人企业，致力于智能机器人 及机器人解决方案的设计、研发、制造与商业化。 灼识咨询报告，于2024年按销量计，珞石机器人的多关节机器人在中国市场国内制造商中排名第三，在 全球制造商中排名第七。自2023年起，公司在销量增长率方面连续两年位居中国主要多关节机器人制造 商之首。 珞石机器人于2025年9月29日正式向港交所递交主板上市申请，计划依据18C章上市，中金公司、国泰 君安国际担任联席保荐人。 作为中国唯一能同时量产工业机器人与协作机器人的企业，该公司近三年营收复合年增长率达46%，但 其背后是三年半累计亏损6.78亿元的严峻现实。 一、请补充说明公司及下属公司经营范围是否涉及限制或禁止外商投资领域。 二、请补充说明公司境外子公司涉及的境外投资、外汇登记等监管程序具体履行情况，并就合规性出具 结论性意见。 三、请补充说明国有股东标识管理程序履 ...

投资者对人工智能机器人领域的兴趣正持续升温。另一家专注于为各类机器人开发"大脑"的公司 Physical Intelligence 据报道近期完成了 6 亿美元融资，估值 达 56 亿美元，本轮融资由 CapitalG 领投。一位曾评估过 Physical Intelligence 但最终决定不投资的投资者向 TechCrunch 表示，该公司的模型仍处于早期开发 阶段。 据 PitchBook 数据显示，这家成立近三年的初创企业上一次估值为 47 亿美元，当时是在今年 5 月完成了一轮 5 亿美元的融资，由软银领投，LG 技术风投 （LG Technology Ventures）、三星、英伟达等机构参与投资。 与其他获得大量融资的初创企业不同，Skild AI 并不开发自有硬件，而是专注于打造一种适配不同机器人（robot-agnostic）的基础模型，该模型可根据不同 类型的机器人及其应用场景进行定制。 该公司于今年 7 月发布了其通用机器人模型"Skild Brain"，并展示了相关视频，内容包括机器人拾取餐具、上下楼梯等操作。此外，Skild 已与 LG CNS 及慧 与科技（Hewlett Pack ...

Core Viewpoint - Zhongjian Technology has officially submitted its prospectus to the Hong Kong Stock Exchange, aiming to raise funds primarily for expanding its robotics business and increasing production capacity both domestically and internationally to capitalize on the artificial intelligence robotics sector [1][2]. Group 1: Company Overview - Zhongjian Technology, established in 1997, specializes in outdoor power equipment, including a full range of gasoline and lithium battery products such as chainsaws and lawn mowers [3]. - The company has achieved significant overseas expansion, with its products sold in over 50 countries and regions worldwide, generating 95% of its revenue from international markets as of mid-2025 [5]. Group 2: Financial Performance - The company experienced substantial growth from 2022 to 2024, with product sales increasing from over 734,000 units to over 933,000 units, and total revenue rising from 512 million yuan to 971 million yuan, reflecting a compound annual growth rate (CAGR) of 37.6% [6]. - However, in 2025, revenue growth slowed significantly, with a mere 4.45% increase year-on-year in the first three quarters, while net profit plummeted by 43.6% [7][8]. Group 3: Market Challenges - The company faces challenges due to global tariff disruptions, with a notable decline in sales of its core products, particularly chainsaws, which saw a drop in sales from 225,500 units to 152,200 units year-on-year [9]. - The overall export environment is tough, with significant declines in export amounts for electric tools and lawn mowers to North America [9]. Group 4: Strategic Initiatives - To mitigate international trade friction, the company has established a production base in Thailand to optimize its supply chain [9]. - Zhongjian Technology is diversifying into the robotics sector, having developed capabilities in smart lawn mowers and quadruped robots, with initial orders for its Lingrui P1 quadruped robot [10][12]. - The global smart lawn mower market is projected to grow from $1.2 billion in 2024 to $9.9 billion by 2029, with a CAGR of 51.8%, indicating a promising opportunity for the company [10]. Group 5: Investment and Future Outlook - The company has made strategic investments in robotics, including a partnership with OpenAI and collaborations with tech giants like NVIDIA and Huawei to enhance its robotics capabilities [12]. - Despite the promising long-term outlook in the robotics sector, the company is currently facing short-term challenges, including increased R&D expenses, which surged by 127.3% to 39.04 million yuan in the first half of 2025 [12][13].

Core Viewpoint - Zhongjian Technology has submitted its prospectus to the Hong Kong Stock Exchange, aiming to raise funds primarily for expanding its robotics business and increasing production capacity domestically and internationally to capitalize on the artificial intelligence robotics market [2]. Group 1: Company Overview - Zhongjian Technology, established in 1997, specializes in outdoor power equipment, including a full range of gasoline and lithium battery products such as chainsaws and lawn mowers [3]. - The company has achieved significant overseas sales, with products sold in over 50 countries and regions, and only 5% of its revenue coming from mainland China as of mid-2025 [5]. Group 2: Financial Performance - In 2024, Zhongjian Technology's total revenue increased from 512 million yuan in 2022 to 971 million yuan, with a compound annual growth rate (CAGR) of 37.6%, while net profit rose from 27.4 million yuan to 61.5 million yuan, with a CAGR of 49.8% [5]. - However, in 2025, the company experienced a slowdown in revenue growth, with a 4.45% year-on-year increase in the first three quarters, and a significant 43.6% drop in net profit [6][7]. Group 3: Market Challenges - The company faced challenges due to global tariff disruptions, leading to a decline in sales of its core products, particularly chainsaws, which saw a drop from 225,500 units to 152,200 units year-on-year [8]. - The overall export environment is tough, with a decline in export amounts for electric tools and lawn mowers to North America [8]. Group 4: Strategic Initiatives - To mitigate international trade friction, Zhongjian Technology has established a production base in Thailand to optimize its supply chain [8]. - The company is diversifying into the robotics sector, having developed capabilities in smart lawn mowers and quadruped robots, with initial orders for its Lingrui P1 quadruped robot targeting enterprise and government markets [9][11]. Group 5: Future Outlook - The global smart lawn mower market is projected to grow from $1.2 billion in 2024 to $9.9 billion by 2029, with a CAGR of 51.8%, indicating a promising opportunity for Zhongjian Technology [9]. - The company has partnered with major tech firms like OpenAI and NVIDIA to enhance its robotics capabilities, although it faces short-term profit pressures and increased R&D expenditures [11].

Core Points - The Tesla 2025 Annual Shareholder Meeting took place on November 6, where over 75% of shareholders approved Elon Musk's compensation plan, which includes stock options amounting to approximately 12% of the current total shares [1][2] - Musk emphasized the integration of sustainable energy and AI technology as a key focus for Tesla's future development [1] - Tesla's stock price closed at $235.2, reflecting a 1.69% increase in after-hours trading, but market reactions were generally lukewarm due to concerns over the company's performance [1][8] Compensation Plan Details - Musk's compensation plan involves unlocking 423.7 million shares of restricted stock over 10 years, with a potential value of around $1 trillion based on current stock prices [2][4] - The plan includes market capitalization targets ranging from $2 trillion to $8.5 trillion, alongside operational metrics such as delivering 20 million vehicles and achieving specific EBITDA targets [2][4] Shareholder Reactions - Some shareholders, including Norway's sovereign wealth fund, expressed concerns over the high dilution of shares and the lack of short-term verifiable performance metrics [5] - Proxy advisory firms ISS and GlassLewis recommended opposing the plan, citing insufficient rigor in the performance-linked compensation structure [5] - Support for the plan came from Tesla's board, which argued that Musk's leadership is crucial for the company's strategic direction and technological advancements [5] Financial Performance - Tesla's Q3 financial results showed a net profit of $1.373 billion, a 37% year-over-year decline, marking the third consecutive quarterly drop [1][8] - The company's total revenue for Q3 was $28.095 billion, a 12% increase year-over-year, but the automotive business faced challenges with a gross margin of 15.4% when excluding regulatory credits [8] - Vehicle deliveries for the first three quarters of 2025 totaled 1.217 million, reflecting only a 3.26% year-over-year growth [8] Technological Developments - Musk indicated that the mass production of the third-generation Optimus robot will not commence until the end of 2026, raising questions about Tesla's technological leadership [9] - The rollout of Tesla's Full Self-Driving (FSD) technology remains delayed, with ongoing discussions with regulatory bodies in various markets [9] - Concerns have been raised by investors regarding the long-term performance of Tesla in relation to the ambitious compensation plan [9]

Core Viewpoint - Tesla's chairman, Robyn Denholm, warned shareholders that CEO Elon Musk may resign if his 10-year compensation plan is not approved, which could lead to a significant loss in company value [1][3]. Group 1: Compensation Plan - The proposed compensation plan for Musk could allow him to earn Tesla stock worth approximately $1 trillion if the company's market value reaches $8.5 trillion by meeting all 12 performance targets [3][5]. - Denholm emphasized that Musk's unique leadership is irreplaceable, especially as Tesla transitions from a traditional vehicle manufacturer to a smart driving and robotics company [3][4]. - Shareholders are urged to vote on the compensation plan by November 5, as this decision is deemed a "critical turning point" for Tesla [3]. Group 2: Sales Performance in Europe - Tesla's new car registrations in Europe fell by 10.5% year-on-year in September, with a 28.5% decline in the first nine months of the year [7]. - The company's market share in the EU dropped to 1.4%, with a nearly 19% decline in September registrations [7]. - Analysts suggest that dissatisfaction with Musk's performance during his tenure in the U.S. government may be affecting Tesla's brand image in Europe [7].

Core Viewpoint - Tesla's chairman, Robyn Denholm, warned shareholders that CEO Elon Musk may leave if his 10-year compensation plan is not approved, which could lead to a significant loss in company value [1] Group 1: Compensation Plan - The compensation plan for Musk includes potential stock worth approximately $1 trillion if Tesla's market value reaches $8.5 trillion by achieving 12 challenging performance milestones [2] - Denholm emphasized that Musk's unique leadership is irreplaceable, especially as Tesla transitions from a traditional vehicle manufacturer to a smart vehicle and robotics company [1][2] Group 2: Shareholder Voting - Tesla is urging shareholders to vote on the compensation plan and other key matters by November 5, ahead of the annual shareholder meeting [1] - Denholm described the upcoming vote as a "critical turning point" for Tesla, highlighting the importance of Musk's leadership for delivering exceptional returns to shareholders [1] Group 3: Previous Compensation Plans - A similar compensation plan was established for Musk in 2018, where he achieved performance targets ahead of schedule but did not receive the $50 billion compensation due to legal issues [3] - Some consulting firms have advised Tesla shareholders to oppose Musk's current compensation plan, citing concerns over the plan's size and the board's lack of independence [3]