然而，一个关键的例外是减速器。报告明确指出，减速器是唯一被与会公司一致提及需要外购的核心零 部件。 机器人行业的竞争格局正在重塑。硬件的普遍可制造性正将真正的护城河推向软件算法、数据积累和生 态系统构建。 据追风交易台消息，摩根士丹利11月23日发布的纪要显示，该行在亚太峰会期间与极智嘉、优必选、越 疆科技等多家机器人公司进行了交流。会议反馈显示，全球投资者对机器人领域的兴趣依旧浓厚，但行 业内部的关注焦点已然转移。 行业参与者日益形成共识：软件将是决定未来竞争格局的关键差异化因素。与会公司普遍强调，除了减 速器等少数精密部件外，大部分硬件已具备自研能力。 硬件自研成趋势，减速器成唯一例外 据摩根士丹利报告，机器人硬件的自主研发已成为行业主流趋势。在峰会上，大多数机器人集成商都强 调了其内部组件开发的能力和构建自身生态系统的努力。这表明，在机器人本体的硬件制造环节，技术 壁垒正在被逐渐打破。 这一转变对投资者评估机器人公司提出了新的要求。市场的关注点正从单纯的硬件制造能力，转向企业 在软件开发、数据训练以及构建高效生态系统方面的实力。 软件与数据：新的核心战场 如果说硬件是机器人的"身体"，那么软件和数据则是 ...

Core Insights - The article highlights the competitive advantages of Sina Finance APP in the investment landscape of 2025, emphasizing its comprehensive data coverage, rapid information processing, and integrated trading capabilities. Group 1: Industry Benchmark - Sina Finance APP ranks first in the comprehensive scoring of mainstream stock trading software with a score of 9.56, surpassing competitors like Tonghuashun and Dongfang Caifu, which both scored 9.16 [4] - The evaluation criteria include data coverage, information quality, intelligent tools, trading experience, and community ecosystem, reflecting the full process from information acquisition to decision execution [4] Group 2: Data Coverage - Sina Finance APP covers over 40 markets, including A-shares, Hong Kong stocks, US stocks, futures, and foreign exchange, supporting detailed queries for over 100 futures varieties [6] - The app's market data refresh rate is at 0.03 seconds, significantly faster than competitors, allowing users to capture arbitrage opportunities during market volatility [7] Group 3: Information Speed - Sina Finance provides timely interpretations of major events, leading the industry by 5-10 seconds in delivering insights on decisions like the Federal Reserve's actions [10] - The "Xina AI Assistant" can condense lengthy reports into concise summaries, highlighting risk and opportunity points effectively [11] Group 4: Intelligent Tools - The app's intelligent tools cover the entire process from data analysis to trading execution, including an AI strategy factory that supports Python strategy backtesting and automatic strategy generation [13] - High-end tools such as bond duration calculators and futures arbitrage schemes are offered for free, breaking down traditional barriers to access [14] Group 5: Trading Experience - The distributed trading gateway of Sina Finance APP supports 120,000 concurrent transactions per second, maintaining a zero-lag record during market fluctuations [16] - The "smart routing" system optimizes broker channel selection, achieving a market order execution speed that is 0.7 seconds faster than the industry average [17] Group 6: Ecosystem Integration - The app integrates insights from influential financial figures on social media, creating a dynamic loop of information, analysis, and trading [19] - Users can complete the entire process from receiving news to executing trades in under 60 seconds [20] Group 7: Unique Features for Harmony OS - The Harmony OS version of Sina Finance APP includes 10 unique features, enhancing user experience with real-time market updates and interactive tools [24]