机器人赛道的资本热浪，正被新入局者的脚步声推向新高。 日前，南都湾财社记者获悉，乐聚(深圳)机器人技术有限公司向合作伙伴发布公告称，因公司经营管理 及战略发展需要，公司名称变更为"乐聚智能(深圳)股份有限公司"，原名称停止使用。 对此，9月17日，乐聚方面回应南都湾财社记者称，此举"是因内外部业务发展需要"。 但在资本市场眼中，这或许是其吹响上市冲锋号的前奏，也让本已激烈的IPO卡位战更趋白热化，揭示 了赛道头部玩家在资本棋局上的两种不同打法：一面是奔赴二级市场抢夺"入场券"，另一面则是在一级 市场深挖产业链、构建生态"护城河"。双线作战之下，行业格局正迎来巨变。 明星资本加持 乐聚机器人自诞生之初便自带"学霸"光环。其创始人冷晓琨及核心团队源于哈尔滨工业大学，拥有深厚 的机器人技术积淀。自2016年南下深圳成立以来，乐聚就凭借清晰的技术路径和产品规划，成为资本持 续追捧的对象。 梳理其融资历程，天眼查信息显示，公司在2017年便获得深创投参与的Pre-A轮及腾讯领投的A轮融 资；2019年的2.5亿元B轮融资中，腾讯继续跟投。 而在距离股改最近的2025年8月最新一轮融资中，投资方阵容更为豪华，引入了东方精 ...

Core Viewpoint - The article discusses the growing relationship between humans and robots, highlighted by the 2025 World Robot Conference in Beijing, showcasing advancements in robotics and their applications in various sectors [2][19]. Group 1: Event Overview - The 2025 World Robot Conference set a record with over 200 domestic and international exhibitors and more than 1,500 exhibits, including over 100 new product launches [6][19]. - The event attracted significant public interest, with long queues and high foot traffic, indicating a strong demand for robotic technology [3][6]. Group 2: Key Exhibitors and Innovations - Yushutech emerged as a standout exhibitor, showcasing humanoid robots that gained considerable attention, particularly after their performance on a popular TV show [7][19]. - The exhibition featured various applications of robots, including cooking, entertainment, and industrial tasks, demonstrating the versatility of robotic technology [10][13]. Group 3: Market Trends and Growth - The robotics industry is experiencing rapid growth, with companies reporting 50%-100% increases in sales, driven by strong demand and supportive policies [17][19]. - Investment in the robotics sector remains high, with over $28 billion in funding reported in the first half of the year, indicating a robust interest from investors [19]. Group 4: Challenges and Future Outlook - Despite advancements, challenges remain in the form of technical limitations and the need for further development in intelligent robotics [20][21]. - Industry experts predict that significant breakthroughs in technology and market adoption will occur in the next 2 to 5 years, with some companies already finding success in niche markets [22][24].

Core Insights - The CEO of Qianlang Intelligent, Li Tong, emphasizes the importance of market-oriented development in the robotics industry, stating that companies must focus on serving the market from day one to ensure survival [1][2] - The robotics industry has experienced significant fluctuations, but Li encourages a calm approach, highlighting that continuous investment is essential for long-term success [1] - Qianlang Intelligent showcased its XMAN series of humanoid robots at the 2025 World Robot Conference, which are designed for various service applications, including sorting medications in hospitals and serving food in restaurants [1] Market Outlook - Li Tong reports rapid order growth for Qianlang Intelligent, particularly in overseas markets, with at least a 50% increase [2] - The company employs a hiring model for its robots, where clients can hire a robot at a cost of one-third to one-half of local labor costs, making large-scale deployment economically viable [2] - As the cost of robots continues to decrease and labor costs rise, a tipping point is expected that will lead to widespread adoption of robots in various sectors [2]

证券日报网讯涛涛车业（301345）8月5日在互动平台回答投资者提问时表示，2025年7月，公司与宇树 科技签署了战略合作协议，双方将深度协同核心资源，融合公司的全渠道优势与宇树科技的先进机器人 技术，在机器人北美等海外市场开拓、C端场景探索与产品二次开发销售、商业化落地等领域开展全面 合作。 ...

Group 1 - The robotics sector is becoming a new battleground for major corporations, driven by multiple favorable factors [2] - Haier Group has successfully completed the strategic acquisition of Shanghai New Times Electric Co., Ltd., marking the conclusion of a highly anticipated industrial robot acquisition [3] - Approximately 20 automotive companies, including Tesla, SAIC, Xiaomi, and Chery, are actively entering the humanoid robotics field [2][5] Group 2 - Haier's acquisition gives it a 29.24% voting control in New Times, positioning Haier as the actual controller of the company [3] - Haier aims to accelerate its industrial internet ecosystem and enhance its capabilities in automation and robotics through this acquisition [3] - Haier has established a robotics division to focus on both industrial and domestic service robots, indicating a broader strategy in the robotics market [4] Group 3 - Recent funding rounds in the humanoid robotics sector have seen significant investments, with a reported 20 financing events in May totaling approximately 3.5 billion yuan, reflecting a 106.06% month-over-month increase and a 2594.62% year-over-year increase [6] - The automotive industry is leveraging its existing production advantages and supply chain resources to accelerate the commercialization of humanoid robots [7] - Companies like SAIC are making strategic investments in humanoid robotics, recognizing the synergy between the automotive and robotics industries [7] Group 4 - The household market is another promising application area for humanoid robots, with home appliance companies looking to upgrade their business structures through robotics [8] - Despite the optimistic outlook for humanoid robot commercialization, challenges such as motion control technology limitations and cost management remain [8]

Group 1 - Yushu Technology has completed its share reform and is preparing for a potential Pre-IPO round of financing, with a valuation expected to exceed 10 billion but remain below 15 billion RMB [1] - The company has changed its name from Hangzhou Yushu Technology Co., Ltd. to Hangzhou Yushu Technology Co., Ltd., indicating readiness for an IPO, with considerations for listing in mainland China or Hong Kong [1] - Yushu Technology's new humanoid robot features 26 degrees of freedom and is priced below 10,000 USD, while previous models had 23 and 47 degrees of freedom respectively [1] Group 2 - According to Dongwu Securities' grassroots research, Yushu Technology's humanoid robots are expected to achieve shipments in the thousands by 2025, indicating accelerated industrialization [2] - Current robots possess operational capabilities for tasks such as combat and marathons, but their versatility is limited; future commercialization will depend on advancing large model evolution to enhance adaptability across various scenarios [2] Group 3 - Huari Precision has received small batch orders from Yushu Technology following initial sample testing [3] - Debang Technology's subsidiary, Suzhou Taijino, is supplying a thermal interface material to Yushu Technology, primarily for CPU chip cooling applications [3]

Investment Rating - The report maintains a "Recommended" rating for the machinery industry, indicating a positive outlook for investment opportunities in this sector [6][18]. Core Insights - The machinery industry is experiencing a recovery phase, driven by increased domestic demand and favorable monetary and fiscal policies. The report highlights the potential for a new recovery cycle in the equipment industry [6][18]. - Excavator sales in April 2025 showed significant growth, with domestic sales reaching 12,547 units (up 16.4% year-on-year) and exports at 9,595 units (up 19.3% year-on-year) [6][18]. - The report emphasizes three key directions for the robotics sector: marginal changes in the main chains, the evolution from product to customer scenarios, and the focus on core components and processing efficiency [6][18]. Summary by Sections Industry and Company Investment Views - The report suggests that the automation market in China is expected to enter an upward cycle in 2025, driven by OEM market recovery and increased demand for industrial automation [18][19]. - Key companies recommended for investment include 汇川技术 (Inovance Technology), 信捷电气 (Xinjie Electric), and 伟创电气 (Weichuang Electric), all of which are positioned to benefit from the recovery in the automation sector [18][20]. Key Data Tracking - The report provides macroeconomic data indicating a total market capitalization of 50,722.59 billion yuan for the machinery sector, with a circulation market value of 41,442.66 billion yuan [3][6]. - The machinery sector's performance over the past month shows an absolute increase of 10.7% and a relative increase of 6.4% compared to the broader market indices [4][10]. Company Earnings Forecasts and Valuations - The report includes earnings per share (EPS) forecasts for key companies, with 汇川技术 projected to have an EPS of 2.12 yuan in 2025, and a price-to-earnings (PE) ratio of 32.80 [2][7]. - Other companies such as 法兰泰克 (Flantak) and 信捷电气 are also highlighted with strong earnings growth and favorable valuations, reinforcing the positive investment sentiment in the sector [2][7].