【报告导读】 1. 发布人形机器人本体产品，关键部组件到整机系统全栈自研。 2. 公司主业稳健，在手订单饱满。 事件：12月26日，博实股份官方视频号发布博实股份哈工大共同研发的人形机器人原理样机进行部分场景测试的视频。 发布人形机器人本体产品，关键部组件到整机系统全栈自研。近日，哈工大与博实股份联合宣布，在人形机器人领域取得一系列阶段性重要成果并发布视 频，双方在双形态人形机器人整机、多型号关节模组、高性能灵巧手及智能控制算法等方面，实现了从关键部组件到整机系统的全栈自研与技术闭环。本 体方面，视频展示了双形态本体（双足、轮式）在博实工厂行走及作业（放置物品、搬运）；关节方面，全栈自研，包括摆线回转关节、丝杠直线关节 等；灵巧手方面，展示了两款灵巧手，欠驱动轻量手及高性能灵巧手，灵巧手具备力控反馈、快速响应及精细抓取能力，能灵敏力控、精准运动、强劲出 力。公司23年与哈工大签订《战略合作框架协议》，共同设立人形机器人关键技术及原理样机产业化研发项目，并在未来共同推进相关技术成果和产品的 产业化。哈工大机器人技术储备雄厚，且在人形机器人机构和控制等多项关键技术方面都具良好的技术储备。公司与哈工大渊源深厚，管理 ...

Core Viewpoint - The debate over the artificial intelligence bubble has become a hot topic in the tech industry, with the robot KOID providing a neutral perspective on whether the current AI trend will lead to a bubble or a transformative wave [2][6]. Company Overview - KOID is a humanoid robot developed by Unitree Technology, featuring a sleek design with a black metal body and a distinctive light ring on its face [2][6]. - KOID belongs to the G1 series and weighs approximately 34.9 kg, equipped with 23 degrees of freedom, allowing it to perform various movements such as dancing and boxing [2][6]. Market Position - KOID is available for purchase on the RoboStore platform, with prices ranging from $8,990 to $128,900 [2][6]. - The CEO of RoboStore, Teddy Haggerty, noted that the robot industry is still in the "prototype exploration" phase, with ongoing efforts to identify practical applications for robots in daily life [3][7]. Future Outlook - KOID expressed confidence in the future of robots, suggesting they will become more versatile and integrated into everyday life, serving roles from household assistants to industrial applications [8]. - The humanoid robot sector has seen increased competition, with companies like Boston Dynamics and Agility Robotics entering the market, while Tesla's Optimus robot has garnered significant attention [8]. - Unitree Technology is planning an initial public offering (IPO) with a potential valuation of up to $7 billion and has recently launched its latest H2 series humanoid robot [4][8].

证券日报网讯12月4日，多伦科技（603528）在互动平台回答投资者提问时表示，未来，多伦科技将充 分利用在机器人本体、算法研发与应用的技术优势，整合多伦在公安、交通领域的人工智能服务、业务 场景与深度洞察经验，推动机器人技术在相关场景的创新应用，包括围绕车管所、交通疏导、安检巡 逻、应急救援等多领域交通场景，持续推进人形机器人技术研究与应用探索，逐步实现规模化落地，助 力交通行业智能化转型升级。 ...

Group 1 - Tesla CEO Elon Musk shared a video of the "Optimus" humanoid robot running, indicating progress in the robot's development [1] - The Tesla team claimed to have set a personal record in the lab, showcasing advancements in humanoid robotics [1] Group 2 - Xiaopeng Motors' Vice President responded to online comments about the authenticity of their robot, emphasizing the team's commitment to R&D for mass production by 2026 [2] - Xiaopeng Motors' Chairman He Xiaopeng publicly demonstrated the robot's capabilities to counter skepticism, asserting that their robot is genuine [2] - On December 2, Zhongqing Company launched the full-sized humanoid robot T800, priced at 180,000 yuan, which can perform advanced martial arts moves [2]

Core Viewpoint - Recently, UBTECH (09880.HK) has been granted a patent for a "method, device, equipment, and storage medium for humanoid robot fall control," which enhances the safety and adaptability of humanoid robots [1]. Group 1: Patent Details - The patent involves technology in the field of humanoid robots, focusing on real-time monitoring of the center of gravity, movement speed, and acceleration to improve fall prediction accuracy [1]. - The method can quickly initiate protective actions in high-risk situations, reducing the risk of injury and ensuring the safety of surrounding personnel [1]. Group 2: Impact on Robotics - This innovation enhances the adaptability and autonomy of robots, improving their stability and safety, which in turn lowers maintenance costs and extends their lifespan [1]. - The advancements contribute to the practicality and market competitiveness of the robots, broadening their application range [1].

人民财讯11月28日电，企查查APP显示，近日，优必选"一种人形机器人跌倒控制方法、装置、设备和 存储介质"专利获授权。企查查专利摘要显示，该申请涉及人形机器人技术领域，该申请通过实时监测 重心位置、运动速度和加速度，提高了跌倒预测的准确性。该方法能在高风险情况下迅速启动保护动 作，减少损伤风险，保护周围人员安全。它增强了机器人的适应性和自主性，提升了稳定性和安全性， 降低了维护成本，延长了使用寿命，从而增强了机器人的实用性和市场竞争力，拓宽了应用范围。 ...

Core Points - The humanoid robot "ZhiYuan Expedition A2" developed by ZhiYuan Innovation (Shanghai) Technology Co., Ltd. has set a Guinness World Record for the longest walking distance by a humanoid robot, completing a journey of 106.286 kilometers from Suzhou to Shanghai [1][2] - The challenge showcased the robot's reliability and stability, demonstrating the maturity of its hardware, balance algorithms, and durability [1] Company Overview - ZhiYuan Innovation is the first mass production company of humanoid robots in Shanghai, indicating a significant advancement in the robotics industry [1] - The Expedition A2 is a commercially available version equipped with dual GPS modules and multiple sensors, including laser radar and infrared depth cameras, enabling it to navigate complex environments [1] Technical Achievements - During the cross-province walk, the robot successfully handled various challenges such as recognizing traffic lights, navigating narrow passages, and avoiding pedestrians and electric vehicles [1] - Post-challenge, the robot showed minimal wear, with only slight damage to the rubber layer on its feet, indicating robust design and engineering [2]

Core Insights - The Zhiyuan Expedition A2 robot successfully completed a 106.286 km journey from Suzhou Jinji Lake to Shanghai Bund, setting a Guinness World Record for the longest distance walked by a humanoid robot [1] - The challenge showcased the reliability and stability of humanoid robot technology, indicating that the hardware performance, balance algorithms, and durability of the A2 have matured for large-scale commercial use [1] Group 1 - The Zhiyuan Expedition A2 is a mass-produced commercial version without any custom modifications for the challenge [2] - The robot was equipped with dual GPS modules, laser radar, and infrared depth cameras to ensure precise navigation in various lighting and complex urban environments [2] - The walking capability is just one aspect of the robot's abilities; it also features multilingual interaction, facial recognition, autonomous guiding, and item delivery [2] Group 2 - The company aims to achieve over a thousand units of the Expedition A2 delivered by 2025 [2]

Core Viewpoint - Yuhua Tian (300815) is focusing on the integration of intelligent cleaning robots in specific scenarios such as sanitation, aiming to enhance operational efficiency and safety through collaboration with Zhiyuan Robotics [1] Group 1: Company Developments - Shenzhen Yushu Intelligent Robot Co., Ltd. is a subsidiary of the group, dedicated to applying intelligent unmanned cleaning equipment in sanitation [1] - The company plans to explore and mine operational data in sanitation work scenarios, enhancing its service offerings [1] Group 2: Strategic Partnerships - The group intends to collaborate with Zhiyuan Robotics to deepen the integration of humanoid robot technology with urban service scenarios [1] - This partnership aims to improve operational efficiency and safety in sanitation tasks [1] Group 3: Future Directions - The company will continue to solidify its core business while expanding its digital and intelligent applications [1] - There is a focus on continuously enhancing market competitiveness through these initiatives [1]

Core Insights - Shanghai RoboParty Technology Co., Ltd. has completed a business registration change, increasing its registered capital from 1 million to 1.4444 million yuan [1] - New shareholders include Xiaomi's Hanting Venture Capital Co., Ltd. and Lighthouse Founders Fund L.P. [1] - The company, established in February 2025, focuses on humanoid robot technology [1] Company Overview - RoboParty is associated with the development of bipedal walking, environmental perception, and human-machine interaction technologies [1] - Target application scenarios include home services and commercial guidance [1] Shareholder Structure - Following the recent changes, Shanghai Robot Enterprise Management Consulting Partnership (Limited Partnership) now co-holds shares with Hanting Venture Capital and Lighthouse Fund [1]