Core Insights - The article highlights the strategic development of the artificial intelligence and robotics industry in Zhuhai, emphasizing its role in reshaping the economic landscape through innovation and ecosystem building [1][9] - Zhuhai is actively establishing a comprehensive innovation system across the entire industry chain, focusing on core technologies such as AI chips and intelligent software [2][3] Group 1: Industry Development Initiatives - Zhuhai has launched a new round of strategic restructuring of state-owned enterprises, integrating resources from Huafa Group and Gree Group to form Zhuhai Technology Group, aimed at fostering a modern industrial system [3] - The establishment of the Zhuhai Intelligent Robot Key Components Innovation Center focuses on core components like joint motors and AI technologies, promoting talent cultivation and technology transfer [3] - The city has set up an 800 billion yuan new productivity investment fund to support the development of AI and robotics, with an initial 1 billion yuan contribution from the municipal finance [4][5] Group 2: Policy Support and Financial Backing - The new productivity fund aims to create a 6 billion yuan fund pool, focusing on four key areas: AI, low-altitude economy, digital economy, and robotics, with a 20-year investment horizon [4] - In 2025, Zhuhai plans to allocate an additional 1 billion yuan to further attract social capital for high-quality industrial development [4] - The release of the "Measures for Promoting High-Quality Development of AI and Robotics Industry" outlines 11 strategies to reduce costs, support core technology breakthroughs, and enhance innovation platforms [5][8] Group 3: Innovation and Product Launches - The recent conference showcased 108 innovative products and services in AI and robotics, including AI chips, large models, and intelligent terminals [6][7] - Companies like Cloud Up Smart City and Kingsoft presented new AI applications and products, highlighting advancements in digital infrastructure and AI capabilities [6][7] - The "Cloud Up Smart City" initiative aims to provide urban-level application scenarios for new technologies, promoting their rapid adoption and iteration in Zhuhai [8]

证券代码：871478 证券简称：巨能股份 公告编号：2025-038 宁夏巨能机器人股份有限公司 投资者关系活动记录表 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 投资者关系活动类别 □特定对象调研 二、 投资者关系活动情况 活动时间：2025 年 5 月 27 日 15:00-16:00 活动地点：线上调研 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 √其他 （线上会议） 参会单位及人员：开源证券股份有限公司、中泰证券股份有限公司、浙商证 券股份有限公司、招银理财有限责任公司、长江证券股份有限公司、山西证券股 份有限公司、民生证券股份有限公司、联储证券股份有限公司、华鑫证券有限责 任公司、国泰海通证券、国都证券有限责任公司、财富证券有限责任公司（自营）、 易方达基金管理有限公司、西部利得基金管理有限公司、九泰基金基金管理有限 公司、汇丰晋信基金管理有限公司、国泰基金、长城财富资管、英大保险、中兴 威投资管理有限公司、泰石投资管理有限公司、尚诚资产管理有限责 ...

地瓜机器人的品牌理念是「成为机器人时代的 Wintel （Windows+Intel）」，希望通过构建软硬一体、端云协同的 全链路开发基础设施，让更智能的机器人开发更简单。 地瓜机器人已经在商业生态上实现了消费级机器人市场的规模化落地，以及新兴智能机器人的多元品类孵化，并且与 众多具身智能头部企业协同创新的横向跨越，全力推动机器人智能进化与规模化落地。 如需咨询 商务合作、 宣传推广、 转载开白等事宜，请联系：18355423366 (微信同号)对接。 5月28日，在独立运营一周年之际，地平线机器人-W旗下 地瓜机器人宣布完成1亿美元A轮融资 。本轮融资获得海 内外众多投资机构青睐，由高瓴资本、五源资本、线性资本、和暄资本、九合创投、Vertex Growth、砺思资本、敦 鸿资产、沸点资本、梅花创投、黄浦江资本等投资机构共同参投。 为加速具身智能机器人落地进程，地瓜机器人将在6月正式发售面向具身智能机器人的RDK S100机器人开发套件。 该平台具备百TOPS级算力，拥有强大的异构架构设计，是行业首款单SoC算控一体计算平台，可实现机器人感知与 运控协同计算。 2024年，地瓜机器人正式脱胎地平线，宣布独立 ...

Core Insights - The revolution in interactive experience is a significant breakthrough for the maturity and popularity of humanoid robots, with advancements in facial expression technology expected to transform traditional human-robot interaction paradigms [1][4][23] Industry Trends - The humanoid robot industry in China is entering a rapid development phase since 2024, with the embodied intelligence market projected to reach approximately 5.295 billion yuan by 2025 and 103.752 billion yuan by 2030, reflecting a compound annual growth rate of 81.31% and accounting for 44.6% of the global market [2][4] - The interaction capability is identified as a key factor for the maturity and increased adoption of humanoid robots, similar to the historical significance of graphical user interfaces in personal computing and the iPhone's impact on mobile internet [4][23] Key Technology Nodes - Humanoid robots can be categorized into three types based on their technology stack: locomotion, operation, and interaction, with interaction technology still in the early exploration stage [6][4] - The interaction experience is currently limited, but advancements in facial expression technology are expected to lead to the emergence of humanoid or cartoon-like companion robots with mature expression interaction capabilities [9][23] Expression Interaction Insights - Facial expression interaction is anticipated to revolutionize human-robot interaction, as current methods primarily rely on screens and voice, while future humanoid robots will enhance interaction effectiveness through rich facial expressions [5][8] - The market for AI interaction products is expanding, with various emerging products in both software and hardware categories, including AI emotional companionship software and desktop robots, which are primarily based on screen and voice interaction [8][9] Technical Challenges - The design of facial expression heads involves complex considerations, including the selection of motors, skin materials, and structural design, which directly impact the interaction experience [10][14][15] - The generation of facial expressions remains a core technical bottleneck, with most current products relying on pre-programmed expressions, limiting the naturalness and variability of interactions [16][17][18] Market Leaders - Ameca, developed by Engineered Arts, showcases advanced capabilities in simulating human micro-expressions and has integrated visual perception and voice cloning since 2023, significantly enhancing interaction effects [22] - Companies like AnyWit Robotics are emerging as leading providers of expression heads in China, leveraging advanced technologies in expression generation and multi-modal interaction algorithms [22][23]

基于多年技术积累和行业实践经验，地瓜机器人 现已 构建了覆盖芯片、算法到软件的完整产品体 系，并针对智能机器人从消费到工业领域快速涌现且不断细分的场景化需求，形成了覆盖 5~500 TOPS各算力段的完整产品布局，可全面满足人形机器人、轮足机器人、四足机器狗、服务陪伴机器 人、物流AMR等多种场景的端侧计算需求。 此外， 为加速具身智能机器人落地进程，地瓜机器人将在 6月正式发售面向具身智能机器人的 RDK S100 机器人开发套件。该平台具备百 TOPS 级算力，拥有强大的异构架构设计，是行业首款单 SoC 算控一体计算平台，可实现机器人感知与运控协同计算。 目前，该平台已获得乐聚机器人、逐 际动力、睿尔曼、清华大学智能产业研究院、求之科技、国讯芯微等数家行业顶级合作伙伴抢先搭 载。 加速构建具身智能生态版图。 本文为IPO早知道原创 作者｜Stone Jin 微信公众号｜ipozaozhidao 据 IPO早知道消息， 在独立运营一周年之际，地平线机器人 -W（9660.HK）旗下地瓜机器人宣布 完成1亿美元A轮融资 ， 由高瓴 创投 、五源资本、线性资本、和暄资本、九合创投、 Vertex Growth ...

Core Insights - Digua Robotics has completed a $100 million Series A funding round, attracting investments from top-tier funds such as Hillhouse Capital and Vertex Growth, marking a significant milestone just one year after its independent operation [2] - The company aims to become a core infrastructure player in the era of embodied intelligence, drawing a parallel to the Wintel alliance that dominated the PC era [3][4] - Digua Robotics is focused on building a comprehensive technology stack from the ground up, including self-developed chips and a complete software platform, targeting both consumer markets and developer communities [4][5] Company Strategy - The company has developed its own chip architecture with computing power ranging from 5 TOPS to 500 TOPS, catering to diverse needs from home to industrial robots [3][4] - Digua Robotics integrates algorithms, software, and SDKs into a unified platform, aiming to become a foundational component for developers, similar to Raspberry Pi or NVIDIA Jetson [3][4] - The RDK S100, set to launch in June, is positioned as the first product to integrate perception and motion control capabilities into a single SoC platform, targeting the standard development board for the embodied intelligence robot era [3] Market Penetration - The company has successfully supplied over 5 million chips from its Xuri series to major household robot brands like Ecovacs and Yunzhijia, enhancing its platform's penetration in end-user scenarios [4] - Over the past two years, Digua Robotics has built a community of nearly 100,000 developers across more than 20 countries, fostering innovation in various robotic applications [5][6] - The operational model resembles early-stage Unity or Android, focusing on creating a collaborative ecosystem through open interfaces and community engagement [6] Future Outlook - The Series A funding reflects investor expectations for Digua Robotics to evolve into a platform company with technological, ecological, and global potential [6][7] - Despite its ambitions, the company faces challenges in commercial validation, as its primary revenue still comes from hardware sales, with software and platform licensing in early stages [7] - The path taken by Digua Robotics is unique, emphasizing a comprehensive approach from chip development to algorithm and platform integration, positioning itself as a key player in the evolving landscape of embodied intelligence [7][8]

"格斗赛的热闹之外，是将硬核技术从实验室拉出、在大众期待的目光中测试。"一名人形机器人从业者 评价道。 21世纪经济报道记者林典驰深圳报道 75年前的1950年，国际汽联第一次举办了F1（世界一级方程式锦标赛）。这场赛事原本旨在恢复战后 欧洲赛车市场。 但，F1不但成为了与奥运会、世界杯足球赛并称的"世界三大体育盛事"之一，也树立了奔驰、法拉利等 一众汽车品牌形象，更把碳纤维复合材料、混合动力技术、扰流器、导流板等设计上的探索带到普通汽 车生产。 75年后的今年，深圳文博会上，全球首个全尺寸人形机器人格斗赛"机甲拳王"正式官宣。随着金属关节 的撞击声和观众的呐喊声，一场场"拳拳到铁"的战斗将在年内上演。 机器人格斗赛为企业提供了展示新技术、新产品、新能力的舞台。这更像是一场直播的大练兵，机器人 在比赛中展现出来的高动态运动控制、快速响应与动作执行、结构强度与抗冲击设计等技术亮点，能够 吸引投资界的关注。 本次参与比赛的主办方之一众擎机器人便是典型案例，此前众擎因完成全球首例前空翻、《功夫》秀舞 等火爆互联网，进而完成近2亿元的Pre-A轮融资。 不仅于此，今年以来，广东多家人形机器人公司相继获得大额融资。其中 ...

Group 1 - The International Robot Skills Competition will be held in Shanghai on May 29, focusing on the theme "Labor is Most Glorious" and aims to promote high-quality development in the Shanghai robotics industry [1] - The competition is expected to activate new momentum for the robotics industry by gathering top experts and companies, focusing on technology implementation and ecosystem construction [1] - The G1 robot demonstrated strong balance and fluid motion in combat competitions, with advancements in motion control models and simulation data training expected to accelerate commercialization [1] Group 2 - The humanoid robot industry has entered its third phase, showing preliminary intelligence and interaction capabilities, with a clear long-term trend of "machines replacing humans" [2] - Tesla's release of the Optimus robot is driving cost reduction and acceleration in the industry, utilizing bionic joint design and hollow cup motor technology, benefiting core component manufacturers [2] Group 3 - DCH Holdings (00179) has strong technical integration capabilities in brushless DC motors and metal processing, entering the humanoid robot industry to unlock new growth opportunities [3] - SUTENG (02498) expects to sell approximately 544,000 laser radars in 2024, a significant increase of 109.6% year-on-year, maintaining a leading market share of 26% globally [3] - YUEJIANG (02432) is a leading collaborative robot company, with plans to release humanoid robot products, benefiting from technological advancements and rising labor costs [3] Group 4 - TSUGAMI (01651) is positioned to benefit from the demand for machine tools in humanoid robot mass production, with an estimated incremental space of 23.543 billion yuan for producing 1 million units [4] - The company has reached an agreement to acquire land for a new production facility to meet the growing demand for high-precision machine tools in the automotive and humanoid robot sectors [4]

Core Points - Zhuhai has launched a series of measures to promote the high-quality development of the artificial intelligence and robotics industry, including financial support and incentives for companies [1][3][4] Group 1: Financial Support Measures - Zhuhai will establish a total of up to 500 million yuan in "computing power vouchers" and 100 million yuan in "model vouchers," providing 50% and 30% support for actual purchase costs, respectively [3] - Companies can use up to 10 million yuan in "computing power vouchers" annually, and those certified at level three or above by the Data Capability Maturity Model (DCMM) will receive up to 200,000 yuan in rewards [3] - For key technology breakthroughs in robotics, Zhuhai will organize special tasks with a maximum support of 30 million yuan, focusing on areas such as motion control algorithms and high-precision sensors [3] Group 2: Incentives for High-Quality Enterprises - Companies recognized as national champions or specialized and innovative "little giants" in AI and robotics will receive rewards of up to 1.8 million yuan and 1 million yuan, respectively [3] - Financial support of up to 10 million yuan will be provided for the establishment of innovation centers for key robotic components and data training grounds [3][4] Group 3: Innovation and Application Support - Zhuhai will support the promotion of smart terminal products and digital transformation projects, offering up to 1 million yuan in rewards for selected benchmark products [4][5] - The city encourages the first launch of new AI and robotics technologies and products, providing up to 500,000 yuan for solutions that address key industry application needs [5] - A new credit support system with a total credit limit of no less than 10 billion yuan will be established, including specialized financial products like "computing power loans" and "algorithm loans" [5]

Group 1 - The core viewpoint of the article highlights a partial rebound in robotics concept stocks, with Xiangyang Bearing hitting the daily limit up and other companies like Siling Co. and Jike Co. also experiencing significant gains [1] - CITIC Securities emphasizes the potential of humanoid robots as embodied intelligence that can interact better with humans and serve in human environments, suggesting a future where each household or individual may own a humanoid robot [1] - The market potential for humanoid robots is projected to exceed that of automobiles and smartphones, with an estimated market size reaching several trillion yuan [1]