Core Insights - The article presents a roadmap for China's technological advancement, highlighting the rapid transformation in various sectors such as quantum computing, brain-machine interfaces, embodied intelligence, and low-altitude economy [5] Group 1: Overview of the Ranking - The "Touzhong List: Sharp Company Ranking" identifies 100 innovative and high-potential companies across sectors like semiconductors, embodied intelligence, artificial intelligence, low-altitude economy, commercial aerospace, new energy, and healthcare [3] - Over half of the listed companies are in the B round or earlier financing stages, with notable examples like Jike Technology and Zhiren Medical, which have gained capital interest due to their technological barriers and practical applications [3] Group 2: Regional Distribution - Beijing, Shanghai, and Shenzhen lead with 32, 16, and 16 companies respectively, accounting for 64% of the total listed companies, up from 57% [4] - Beijing has seen a significant increase in AI and embodied intelligence companies, doubling its number of listed firms due to resource concentration in Zhongguancun Science City and Yizhuang Industrial Park [4] - Other cities, including Hangzhou, Guangzhou, Hefei, and Huzhou, also contributed to the list, indicating a nationwide spread of innovation activities [4] Group 3: Characteristics of Listed Companies - A notable feature of this year's list is the inclusion of several future industry companies in cutting-edge fields such as embodied intelligence, brain-machine interfaces, and synthetic biology [4] - These companies are moving beyond mere technological validation to accelerate industrialization through a dual approach of "technology + application scenarios" [4]

"具身智能作为'十五五'国家未来产业战略重点，正迎来高速发展期。" 近日，《中国经营报》记者获悉，广东省政协委员，广州工控集团党委书记、董事长景广军提交了建立 核心技术研发转化新范式，培育广东具身智能装备产业新高地相关提案。 2026年广东省政府工作报告指出，在2026年工作安排中，加快新兴产业发展壮大和未来产业成形成势， 大力发展第六代移动通信、具身智能、细胞与基因治疗、脑科学与脑机接口、氢能及先进核能、深海探 测、量子科技等重点细分产业。 景广军表示，要加快实现创新链、产业链、资金链、人才链的深度融合，全面推动广东具身智能产业高 质量发展。"广东在人工智能、半导体、新材料及高端装备等领域产业基础雄厚，拥有庞大的制造业应 用场景和全国领先的创新生态，为具身智能产业发展提供了得天独厚的条件。" 产业发展仍面临挑战 此外，具身智能产业的关键核心技术存在"瓶颈"。"技术体系整体处于探索阶段，企业技术路线呈现碎 片化，缺乏统一定义性能基线、安全响应阈值等行业标准。"景广军表示，在硬件层面，"感算控"一体 化芯片、高精度传感器、灵巧手及高性能关节模组等核心部件尚存不足；在软件与系统层面，面临算法 泛化能力弱、实时感知 ...

专题：四大证券报精华 2025年公募基金四季报收官，一批穿越牛熊的"长跑型"绩优基金经理调仓路径曝光。与公募基金整体调 仓路径相比，七年、十年维度（截至2025年年末）业绩靠前的基金经理正上演一幕幕逆向操作——在资 金涌入中际旭创时逆势减仓，在持仓集中化趋势下主动分散，在AI算力热度高峰前瞻布局应用端。这 些操作，或许就藏着他们穿越周期的核心密码。 4800亿龙头完成金矿收购交割！金价飙升 A股金矿类公司业绩大幅预增 1月25日晚，招金黄金、湖南黄金发布2025年全年业绩预增公告。受益于金价持续上涨，金矿类上市公 司业绩出现明显增长。值得注意的是，虽然金价位于高位，但上市公司对金矿的扩张脚步并未停歇。1 月25日晚，湖南黄金披露了发行股份购买资产并募集配套资金暨关联交易预案。同日，洛阳钼业披露关 于收购金矿项目完成交割的公告。 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 1月26日（星期一），今日报刊头条主要内容精华如下： 中国证券报 春节抢红包！腾讯元宝将发放10亿元 百度将发放5亿元 1月25日，腾讯元宝、百度App分别宣布了其春节红包派发计划。当日，腾讯元宝微信公众号发布《 ...

周恒 制图 三家企业同日释放IPO信号 具身智能行业上市大年开启？ ◎记者 孙小程 2026年伊始，具身智能行业的资本动作频频。1月23日，上海证券报记者获悉，星海图、众擎机器人已 完成股改。同日，魔法原子宣布将加速上市进程。 在业内看来，宇树科技率先"鸣枪"后，2026年将成为具身智能企业登陆二级市场的"大年"。上市潮的背 后，则是行业对可持续融资能力的追逐。上市意味着企业将获得定增、配股等持续融资的工具，这是其 在技术路径未收敛、商业模式未明朗之前，"留在牌桌上"的关键。 众擎、星海图、魔法原子同日"鸣枪" 股改被视为IPO的前奏，具身智能行业此前已有宇树科技、乐聚机器人、云深处等相继完成股改，并随 后正式启动IPO计划。1月23日，股改名单再度扩容，新增星海图、众擎机器人两家头部企业。 具体来看，星海图（北京）人工智能科技有限公司已于1月完成工商变更，正式更名为"星海图（北京） 人工智能科技股份有限公司"，企业类型由"有限责任公司"变更为"股份有限公司（外商投资、未上 市）"。此举使其成为2026年首家完成股改的具身智能企业。 星海图成立于2023年9月，截至目前已累计完成近10轮融资，累计融资额近20 ...

2026年伊始，具身智能行业的资本动作频频。1月23日，上海证券报记者获悉，星海图、众擎机器人已 完成股改。同日，魔法原子宣布将加速上市进程。 在业内看来，宇树科技率先"鸣枪"后，2026年将成为具身智能企业登陆二级市场的"大年"。上市潮的背 后，则是行业对可持续融资能力的追逐。上市意味着企业将获得定增、配股等持续融资的工具，这是其 在技术路径未收敛、商业模式未明朗之前，"留在牌桌上"的关键。 顾诗韬称，当前二级市场的整体热度，对人形机器人公司而言是一个重要机遇。从长期看，具身智能领 域的竞争仍处于商业化落地的早期阶段，未来的竞争将逐步演变为资源、资金与人才的综合比拼。在国 家政策支持、行业趋势向好的时间窗口期内，魔法原子希望通过多元化的方式，积极吸引市场资源，以 支持其长期发展，这是魔法原子推进IPO事宜的原因。 不过，上市并非终点，而是新一轮挑战的开始。长远来看，资本"输血"仅解近忧。具身智能企业最终需 要证明其技术在真实场景中的价值，构建起可持续的盈利模式，才能真正获得资本市场的长期认同。 众擎、星海图、魔法原子同日"鸣枪" 股改被视为IPO的前奏，具身智能行业此前已有宇树科技、乐聚机器人、云深处等相继 ...

Group 1: Quantum Technology - The report highlights significant advancements in quantum error correction technology, with Zhejiang University and Tsinghua University demonstrating low-overhead quantum error correction codes, effectively reducing logical error rates below physical error rates [4][5] - Horizon Quantum Computing has formed a strategic partnership with Alice&Bob to accelerate the development of fault-tolerant quantum computing, integrating their software and hardware capabilities [5] - GuoDun Quantum plans to sign a technology licensing contract with the University of Science and Technology of China, involving quantum random number generators and superconducting quantum computing control systems [6][7] Group 2: Biomanufacturing - The Chinese Academy of Sciences has achieved a breakthrough in synthesizing L-arginine using methanol as the sole carbon source, marking a shift towards non-grain-based production methods [8][9] - The Shenzhen Advanced Institute has developed the MARS intelligent system, which integrates multiple AI agents and robots to significantly shorten the new material development cycle from four months to four hours [9][10] - Jinbo Biological has registered a 2 billion yuan private placement to enhance its humanized collagen protein FAST database project, aiming to improve research and development efficiency [11] Group 3: Hydrogen Energy and Nuclear Fusion - The Baowu Clean Energy green hydrogen industrial park project, with a total investment of 11.09 billion yuan, has been launched in Guangdong, establishing a new model for offshore wind power direct hydrogen production [12][13] - A Chinese consortium has signed a significant contract for the ITER edge local model power supply system, marking a major step in China's contribution to global fusion energy projects [15] - Zhejiang Fu Nuclear Power will participate in the development of core components for the China Fusion Engineering Demonstration Reactor (CFEDR), focusing on ultra-high heat load components [16][17] Group 4: Brain-Computer Interfaces - Neuralink has successfully implemented OTA wireless upgrades for its invasive brain-computer interface, allowing for performance optimization without the need for additional surgeries [18][19] - This advancement addresses the traditional limitations of invasive devices, reducing clinical maintenance risks and costs while enhancing the adaptability of the technology [20] Group 5: Embodied Intelligence - World Labs, founded by Fei-Fei Li, has partnered with Guanglun Intelligent to create an evaluation system for embodied intelligence, addressing high verification costs and discrepancies between simulation and reality [21][22] - The Marble model developed by World Labs generates high-fidelity 3D environments from various inputs, solving traditional model issues but lacking physical interaction capabilities [22][23] Group 6: Future Industry Catalysts - The report outlines key catalytic events for 2026 across six future industries, including significant conferences and technological milestones that investors should monitor [28][29]

中新网郑州1月25日电(阚力 王佳宁)1月25日，河南进入2026年两会时间。当日在郑州举行的河南省政协 十三届四次会议开幕会前，10位河南省政协委员登上"委员通道"，围绕人工智能、全国统一大市场、生 态修复等热门话题接受媒体集中采访。 胡辣汤、农民种地、外卖小哥……从人工智能到生态修复，从基层治理到创新路径，"委员通道"上，河 南省政协委员们的答记者问十分接地气，又充满烟火气，勾勒出河南高质量发展的新面貌。 快递小哥成为"暖心传递者" 河南省政协委员、共青团河南省委副书记秦倩在"委员通道"用"快速""温暖""聚力"三个关键词，分享其 参与"健全党建引领的城乡治理体系，推动基层高效能治理"协商议题调研感受。 在调研中，她发现郑州管城回族区设了不少"小新加油站"，专门服务外卖小哥、快递小哥等新就业群 体，尽力解决他们没地吃饭、没人带娃、没处充电等问题。 图为河南 省政协十三届四次会议"委员通道"。 王佳宁 摄 "我觉得，这些带着温度的治理，才是真正的高效能。"秦倩说，越来越多的快递小哥也主动成为"暖心 传递者"，随手帮忙、上报隐患，成了城市治理的"流动哨兵"，让社会变得更加美好。 无人机飞一圈可出具田地"体检报 ...

Core Insights - The Dongguan Humen Town is focusing on the development of the e-commerce industry through a specialized research initiative led by Party Secretary Li Huiqin, aiming to gather frontline information to enhance the town's e-commerce development plan and promote high-quality industry growth [1][2] Group 1: E-commerce Development Strategy - Humen Town is set to introduce the "Action Plan for Promoting High-Quality Development of E-commerce" to support the growth of the e-commerce sector [1][10] - The town aims to achieve the "Thousand Billion Town" goal by building a modern industrial system referred to as "2333," which includes various strategic and emerging industries [10] Group 2: Industry Characteristics and Workforce - Humen has established a digital ecosystem that integrates "Internet + Industry + Public Services," making it one of the most distinctive e-commerce hubs in Dongguan [6] - Currently, over 50,000 individuals are directly employed in the e-commerce sector, with more than 250,000 jobs created indirectly, and there are over 20,000 business entities engaged in e-commerce within the town [6] Group 3: Policy Support and Future Directions - The local government plans to enhance policy support, improve public service infrastructure, and provide precise services to enterprises to foster e-commerce development [6] - The "2333" industrial system includes two major traditional industries, three strategic emerging industries, three future industries, and three modern service sectors, with e-commerce being a key focus area [10]

2025年以来，具身智能赛道在全球范围内掀起了一轮汹涌的IPO浪潮，资本市场对这一融合了人工智能与实体交互的下一代技术方向展现出前所未有的热 情。在国内市场，先行者如极智嘉与云迹科技已成功登陆港股，凭借在物流、酒店等标准化场景中验证的商业模式与稳定营收，奠定了其市场地位。 招股书显示，过去五年，中国具身AI机器人是全球市场的核心增长引擎，市场规模从2020年的125亿元增长至2024年的287亿元，复合年增长率达到23.1%。 预计到2029年，具身AI机器人的市场规模将达到1101亿元，2024年至2029年的复合年增长率将进一步提升至30.9%。 清洁能源技术领域在近年来对于智能化的需求也大幅增长，行业规模从2020年的4亿元增长到2024年的19亿元。 这样的行业背景，也拉动着玖物智能的出货量提升。2023年、2024年、2025年前三季度，其机器人销量分别为2267台、4178台、4704台，报告期内累计售出 机器人11152台。 玖物智能在具身智能行业风口下实现了营收规模的跨越式增长，毛利率持续优化验证其业务基本面。然而，2025年财报中骤然放大的资产减值损失，暴露了 其高速扩张背后的资产质量与客户 ...

从公开资料看，星海图的研发体系具备"自研一体"的特征：先后推出端到端双系统VLA模型G0及全球首个 开箱即用升级版G0 Plus，其开放世界数据集（Galaxea Open-World Dataset）发布至今下载量超50万次，开 源平台机器人真机数据下载量排名全球前列。轮式双臂机器人全球部署规模靠前，覆盖90%以上开发者， 被斯坦福李飞飞团队、Physical Intelligence（PI）等机构采用，并已获得国内头部车企、物流企业千台级 订单。站在融资-模型-本体-客户部署的逻辑链条上看，星海图具备了向IPO叙事过渡的条件。 不过，是否具备IPO上市的可交付性，是另一层问题。2025年以来，宇树科技、乐聚、云深处等多家公司 已完成股改并陆续推动IPO计划，星海图此次股改，可以视为进入"上市窗口期"的准备动作，但不能视为 已具备上市条件。 作者：高恒 1月23日消息，天眼查信息显示，星海图完成股改，更名为"星海图（北京）人工智能科技股份有限公 司"，这是具身智能赛道今年首个完成此动作的公司。它的工商属性由"有限责任公司"变更为"股份有限公 司（外商投资、未上市）"，这一变动本身不复杂，但释放出的信号值得分 ...