Core Viewpoint - The article discusses the potential appointment of Hao Su, a prominent figure in embodied intelligence and computer vision, to Fudan University, highlighting his significant contributions to the field and his entrepreneurial ventures in robotics and simulation [1][49][51]. Group 1: Hao Su's Academic and Research Background - Hao Su is an associate professor at the University of California, San Diego (UCSD), specializing in computer vision, graphics, embodied intelligence, and robotics [14][49]. - He was involved in the creation of ImageNet and has led foundational projects such as ShapeNet, PointNet, and SAPIEN, which have significantly advanced the fields of 2D and 3D vision [4][30][34]. - Su's research has evolved from natural language processing to computer vision and then to 3D vision, culminating in the development of large-scale datasets and models that have transformed the landscape of artificial intelligence [22][30][34]. Group 2: Contributions to Robotics and Simulation - In 2020, Su launched SAPIEN, the first simulator focused on generalizable robotic operations, and later developed the ManiSkill platform for training robotic skills [35][41]. - His company, Hillbot, co-founded in 2024, aims to leverage high-fidelity simulation for robotics, with products like Hillbot Alpha designed for complex environments [43][45]. - Hillbot has partnered with Nvidia to generate high-quality training data, indicating a strong focus on enhancing robotic capabilities through advanced simulation techniques [47]. Group 3: Potential Move to Fudan University - There are rumors that Su will join Fudan University, which may invest in his company Hillbot and potentially appoint him to dual roles at various research institutes [51][52]. - Fudan University has established a credible embodied intelligence research institute, offering competitive salaries and performance-based incentives, which could attract top talent like Su [55][57].

一眨眼，具身智能之心已经从一个小作坊慢慢成长为有技术深度和广度的平台，业务线也逐渐变得多起 来，已有的几个小伙伴已经逐渐忙不过来啦～是好事，说明这个产业在蒸蒸日上，整个行业的需求也越来 越多。 先介绍一下我们团队吧！团队用了2年多的时间孵化了具身智能之心、自动驾驶之心、3D视觉之心、大模 型之心Tech四个IP，全网近36w人，目前有公众号、视频号、知识星球、哔哩哔哩、知乎、小鹅通等多个平 台在持续运营。 现面向全体粉丝招聘全职&兼职一名运营和一名销售。 自媒体运营 主要工作职责： 岗位要求： 销售的同学 主要工作职责： 1）负责对接老师和学员，管理日常课程/辅导的进度； 2）负责各个平台的运营，提升相关群体的规模与质量； 3）参与策划各个平台的商业化项目与流量转换； 4）负责自动驾驶/具身智能/AI行业的商业、产品、技术类选题和内容； 5）负责原创稿件的撰写策划； 6）推后管理和数据复盘； 1）参与制作在线/硬件产品的宣传推文和视频； 2）负责对接硬件厂家和高校/企业客户； 3）负责在线教育产品的推广、转换； 岗位要求 工作地点 base：杭州、上海 成长机会 你将接触到国内顶级的运营团队，这里可以学习到很 ...

一眨眼，具身智能之心已经从一个小作坊慢慢成长为有技术深度和广度的平台，业务线也逐渐变得多起 来，已有的几个小伙伴已经逐渐忙不过来啦～是好事，说明这个产业在蒸蒸日上，整个行业的需求也越来 越多。 自媒体运营 主要工作职责： 岗位要求： 销售的同学 主要工作职责： 1）负责对接老师和学员，管理日常课程/辅导的进度； 2）负责各个平台的运营，提升相关群体的规模与质量； 3）参与策划各个平台的商业化项目与流量转换； 4）负责自动驾驶/具身智能/AI行业的商业、产品、技术类选题和内容； 5）负责原创稿件的撰写策划； 6）推后管理和数据复盘； 1）强大的执行力、效率意识和沟通意识； 2）本科及以上学历，计算机、AI类、机器人学专业优先； 3）熟悉公众号、知乎、小红书、视频号等平台运营的优先； 4）有一定的文字功底，逻辑清晰，表达流畅； 1）参与制作在线/硬件产品的宣传推文和视频； 2）负责对接硬件厂家和高校/企业客户； 3）负责在线教育产品的推广、转换； 先介绍一下我们团队吧！团队用了2年多的时间孵化了具身智能之心、自动驾驶之心、3D视觉之心、大模 型之心Tech四个IP，全网近36w人，目前有公众号、视频号、知识星球、 ...

前言 点击付费阅读，解锁市场最强音，把握投资机会！ 券商研报信息复杂？机构调研数据过时？屡屡错失投资机会？那是你不会挖！想知道哪份研报有用？什 么时候该看？《研报金选》满足你！每日拆解热门产业链或核心公司，快市场一步的投研思维+严苛的 研报选择标准+几近偏执的超预期挖掘，游资私募都在用！ 一、这 项关键技术正成为AI数据中心降本核心 ！AIDC催化景气度上行，行业巨头 相关业务已 增长 3 倍 ！这些 国产 磁悬浮压缩机厂商 站上 新风口 ； 二、 CAGR 13.1%，3D视觉赛道急速扩容！这家具身智能"眼睛"稀缺标的，市占率 高达 70%，机 构：业绩已迎来拐点、PE两年望骤降200倍 。 ...

Summary of 3D Vision Industry and Company Insights Industry Overview - **3D Vision Technology**: 3D vision overcomes the limitations of 2D vision in depth perception and complex scene processing, especially in dynamic interaction scenarios like humanoid robots and robotic arms, with millimeter-level precision alignment being a significant advantage [2][3][19] - **Market Growth**: Since Q4 2020, emerging applications such as AMR (Autonomous Mobile Robots), AR/MR (Augmented Reality/Mixed Reality), 3D printing, and humanoid robots have revitalized the 3D vision industry, moving away from the previous reliance on low-cost 2D solutions [2][5] Key Insights - **Core Value**: The core value of 3D vision technology lies in its software algorithms, particularly in addressing temperature drift issues (wavelength and focal length drift), which require high-precision sensors and real-time computation for compensation, creating significant barriers for new entrants [2][8][11] - **Market Barriers**: The main barriers in the 3D vision industry include the long and complex algorithm tuning cycles, the need for deep coupling between hardware and algorithms, and the sensitivity of depth information to optical distortion [5][19] - **Pricing**: Industrial-grade 3D cameras are priced between $300 to $600, while consumer-grade products range from $300 to $400. Despite lower hardware costs, the complexity of software algorithms keeps overall prices high [9] Application Areas - **Key Application Areas**: Major fields driving the development of 3D vision technology include humanoid robots (market potential of $20 billion), smart lawn mowers (market potential of $8 billion), and AMR (market potential of $30 billion) [4][10][13][14] - **Current Applications**: Notable applications include Apple's Face ID, humanoid robots, robotic arms, and smart lawn mowers, showcasing the significant advantages of 3D vision in dynamic scene interaction [6][12] Company Financials - **Revenue Projections**: The company expects revenues of approximately 560 million RMB in 2024, with projections of 1.06 billion RMB in 2025 (an 88% year-on-year increase) and 1.5 billion RMB in 2026 (a 42% year-on-year increase) [4][16][17] - **Profit Expectations**: The net profit is projected to be around 150 million RMB in 2025 and increase to 300 million RMB in 2026, maintaining a high profitability level with gross margins between 65% to 70% and net profit margins exceeding 30% [18] Future Outlook - **Market Potential**: The overall market for 3D vision is currently valued at approximately $4 billion, with significant growth potential as penetration rates remain low (1% to 2% in most areas) [15] - **Optimistic Future**: The future of the 3D vision industry looks promising, driven by the increasing demand in humanoid robots, smart lawn mowers, 3D printing, and AMR applications [20]

Investment Rating - The report maintains a "Buy" rating for the company [1]. Core Views - The company is a leading player in the 3D vision industry, focusing on embodied intelligence to drive growth. It has a comprehensive technology system for 3D visual perception, which includes various technologies such as structured light, iToF, dToF, binocular, Lidar, and industrial 3D measurement. The company aims to build a platform for robotics and AI vision, capturing over 70% of the market share in China's service robotics sector [6][11]. - The company has successfully turned a profit in Q1 2025, achieving a net profit of 0.24 billion yuan, and this profitability continued into Q2 2025. The report anticipates sustained performance improvements driven by the growth of embodied intelligence and the expansion of application scenarios for 3D vision technology [6][20]. Summary by Sections Section 1: Company Overview - The company, established in 2013 and listed on the STAR Market in July 2022, specializes in the design, research, development, production, and sales of 3D visual perception products. It has a strong R&D investment and a complete technical system, allowing it to compete with international giants [6][11]. - The ownership structure is clear, with Huang Yuanhao as the actual controller holding 27.15% of the shares. The management team has a strong technical background, which supports the company's technological leadership [14][17]. Section 2: Market Potential - The global 3D vision market is projected to grow from approximately 8.2 billion USD in 2022 to 17.2 billion USD by 2028, with a CAGR of about 13.1%. In China, the market is expected to expand from around 1.8 billion yuan to 8 billion yuan during the same period, with a CAGR of approximately 27.7% [30][31]. - The report highlights the importance of embodied intelligence and 3D scanning as key growth drivers for the company, with significant applications in robotics, digital twins, and AI modeling [32][42]. Section 3: Financial Performance - The company's revenue is expected to grow significantly, with projections of 360 million yuan in 2023, 564 million yuan in 2024, and reaching 1.037 billion yuan by 2025. The net profit is forecasted to turn positive in 2025, with estimates of 129.9 million yuan [5][20]. - The gross margin has remained above 40%, and the company has effectively controlled expenses, leading to a gradual improvement in profitability [23][20]. Section 4: Technological Advancements - The company has developed a full-stack technology system for 3D visual perception, which includes various technologies tailored for different applications. This positions the company well to meet the growing demand for 3D vision solutions across multiple sectors [27][28]. - The report emphasizes the role of 3D vision in enhancing the capabilities of robots, particularly in service and mobile robotics, where accurate environmental perception is crucial [32][33].

以下文章来源于3D视觉之心 ，作者3D视觉之心 3D视觉之心 . 3D视觉与SLAM、点云相关内容分享 点击下方 卡片 ，关注" 3D视觉之心 "公众号 第一时间获取 3D视觉干货 锚帧神经地图颠覆传统SfM 运动恢复结构（SfM）算法从一组无序图像同时估计相机位姿和场景结构，是众多计算机视觉应用的核心。传统 SfM 可分为增量式和全局式两条路线，均依赖特征提取、匹配、三角化与光束法平差；这些模块在低纹理、模糊或 重复纹理场景下易失效。 近期研究提出端到端可学习的 SfM 管线，直接由图像回归场景结构和相机位姿。DUSt3R 率先使用 Transformer 从 两张无位姿图像回归场景坐标图（SCM），后续工作将其扩展到多张图像甚至视频，但仍受限于 GPU 内存，难以 处理数千张图像的大规模场景。 另一方面，现有场景回归方法忽略了视觉定位——3D 视觉中的基本任务，可为 SfM 系统扩展提供关键支撑。 SLAM 系统仅在关键帧建图，对非关键帧执行定位，从而节省计算与内存。 文章标题 ：SAIL-Recon: Large SfM by Augmenting Scene Regression with Local ...

Core Viewpoint - The robotics industry is experiencing rapid growth, with companies like Orbbec achieving significant performance improvements, including their first half-year profit after years of losses [1][2]. Financial Performance - In the first half of 2025, Orbbec reported revenue of 435 million yuan, a year-on-year increase of 104.14%, and a net profit of 60.19 million yuan, an increase of 113.56 million yuan compared to the same period last year [2][3]. - The company had previously reported losses for several consecutive years, with total revenues from 2021 to 2024 being 162 million yuan, 183 million yuan, 165 million yuan, and 213 million yuan, respectively [2]. - The significant turnaround in performance is attributed to a booming market and increased demand for robotics, particularly in the 3D vision sector [3][4]. Cost Management - Orbbec has reduced various costs over the past three years, including a 14.02% decrease in R&D expenses in the first half of 2025 [5][6]. - Despite the reduction in R&D spending, the company has managed to achieve substantial revenue growth, indicating effective cost management strategies [6][7]. Business Segments - The consumer application equipment segment has seen remarkable growth, becoming the largest revenue contributor, with a 60.55% share in the first half of 2025 [8][9]. - The 3D vision sensor segment's revenue share has decreased, indicating a shift in the company's focus towards consumer applications [9]. Industry Trends - The robotics industry is poised for rapid growth, with increasing applications in various sectors and supportive government policies driving demand [11]. - The company's collaboration with Ant Group for payment solutions highlights the integration of robotics and AI technologies in enhancing user experiences [10][11].

Group 1 - The core viewpoint of the report is that Dongwu Securities has given a "buy" rating to Aobi Zhongguang (688322.SH) based on several factors [2] - The essence of 3D vision is dynamic high-precision measurement instruments, indicating a strong technological foundation for growth [2] - 2024 is projected to be the year when the 3D vision industry begins to experience explosive growth, highlighting a significant market opportunity [2] Group 2 - The hardware costs for 3D vision technology are relatively low, which supports the potential for widespread adoption and early mover advantages in the industry [2] - The construction of algorithms creates a competitive moat, suggesting that companies with advanced algorithms will have a strategic advantage [2] - There is substantial growth potential in various downstream applications, indicating a broadening of the market landscape for 3D vision technologies [2]

Investment Rating - The report maintains a "Buy" rating for the company [1]. Core Views - The 3D vision industry is expected to experience explosive growth starting in 2024, driven by increasing applications in various sectors such as robotics, 3D printing, and automation [7][37]. - The company is positioned as a leader in the global 3D vision market, benefiting from a surge in demand for high-precision perception and autonomous operation technologies [7][84]. - The report forecasts significant revenue growth for the company, with projected revenues of 10.62 billion, 15.1 billion, and 22.34 billion yuan for 2025, 2026, and 2027 respectively, reflecting year-on-year growth rates of 88%, 42%, and 48% [1][90]. Summary by Sections 1. 3D Vision Technology - 3D vision technology surpasses traditional 2D vision by directly acquiring three-dimensional data, which is essential for spatial operations and understanding [7][26]. - The technology is crucial for applications in humanoid robots, automated mobile robots (AMR), and other advanced automation scenarios [7][20]. 2. Market Dynamics - The 3D vision market was valued at 18.4 billion yuan in 2022, representing only 10.8% of the overall machine vision market, indicating significant growth potential as applications expand [7][31]. - The report highlights that the hardware components for 3D vision systems are mature and cost-effective, while the software algorithms create high technical barriers for new entrants [7][63]. 3. Revenue Projections - The company is expected to achieve rapid revenue growth due to increasing orders in the robotics sector, with projected revenues of 1.062 billion, 1.510 billion, and 2.234 billion yuan for 2025, 2026, and 2027 respectively [1][90]. - The report estimates that the company will maintain a price-to-sales (P/S) ratio of 30, 21, and 14 times for the years 2025, 2026, and 2027, respectively, reflecting a premium valuation due to its market leadership [7][89].