温馨提示 ： 点击下方图片，查看运营团队最新原创报告（共235页） 说明： 欢迎约稿、刊例合作、行业交流 ， 行业交流记得先加入 "机器人头条"知识星球 ，后添加（ 微信号：lietou100w ）微信； 若有侵权、改稿请联系编辑运营（微信：li_sir_2020）； —— 正文： 具身智能大火至今，全球大厂入局具身智能赛道典型代表：[英伟达]和[特斯拉]；国内代表[华为]和[小鹏汽车]，其中，华为有意沿袭[英伟达]路线，打造底层开发生态， 成为具身智能领域当之无愧最强"卖铲人； [小鹏汽车]作为车企，沿袭[特斯拉]路线，并有望率先实现人形机器人商业化量产的国内车企。 自研层面： 公司于今年2月开始内部组建具身智能团队， 中山大学教授林倞 于8月1日也正式入职京东探索研究院，担任具身智能技术研究一号位； 大模型赋能和生态层面： 7月，京东推出了面向机器人领域的"JoyInside"平台 ，该平台依托京东大模型在具身智能领域的深度积累，将京东大模型交互能力植入机器人、玩具、家居等硬件设备 终端，以此构建"硬件+软件+服务"一体化的具身智能生态。 当然，京东除了提供模型上的支持之外，还时给一众机器人厂商提供了渠道 ...

Core Insights - The embodied robotics industry has entered a rapid development phase in recent years, with leading manufacturers like Yushu achieving small-scale shipments and recognizing the importance of cable mechanical performance and lifespan for the robots [1] Industry Summary - The cable industry for embodied robots is characterized by high entry barriers and significant market potential, which is expected to grow in tandem with the leading manufacturers [1] - There is an opportunity for domestic cable manufacturers to grow alongside the increasing demand from leading robotics companies [1]

Core Insights - The 2025 World Robot Conference in Beijing showcased various humanoid robot exhibits, highlighting the rapid development of humanoid robot technology and industry [1] - Humanoid robots have the potential to surpass industrial robots in development space and can drive growth in the entire robotics industry and related sectors [1] - Despite the promising outlook, achieving practical and user-friendly humanoid robots will require time, capital, and societal patience [1] Industry Development - There is a need for policy guidance to promote domestic supply chain localization and encourage large-scale production to reduce costs [1] - The industry should focus on developing modular and standardized designs to lower customization production costs [1] - Gradual achievement of performance standards, cost control, and safety stability is essential for the advancement of humanoid robots [1]

Economic Performance - China's GDP grew by 5.3% year-on-year in the first half of the year, outperforming the same period last year and the overall annual growth rate, ranking among the top major economies [1] - The import and export scale reached a historical high for the same period, with exports increasing by 7.2% year-on-year [1] Current Economic Challenges - President Xi Jinping emphasized the need to recognize the risks and challenges facing the economy, advocating for a proactive approach to leverage development opportunities and maintain economic recovery momentum [2] - The Central Political Bureau meeting highlighted the importance of policy continuity and stability, focusing on stabilizing employment, enterprises, markets, and expectations [2] Domestic Consumption and Investment - Domestic consumption is the main driver of economic growth, contributing 52% to GDP growth in the first half of the year, with retail sales of consumer goods increasing by 4.8% year-on-year [6] - Investment in urbanization projects, such as upgrading old neighborhoods and improving public services, is expected to generate significant consumption demand and new investment needs [9] Foreign Trade and Investment - In the first seven months, China's total import and export volume increased by 3.5% year-on-year, with high-tech product exports growing by 7.2% [10] - The number of newly established foreign-invested enterprises reached 30,014, a year-on-year increase of 11.7%, indicating stable foreign trade and investment performance [10] Innovation and Technology - The high-tech manufacturing sector saw a 9.5% year-on-year increase in value-added output, with significant growth in industrial robot production [15] - China maintains a leading position in global manufacturing, with a complete industrial system and strong supporting capabilities [17] Policy and Reform - The government is implementing more proactive macroeconomic policies, including issuing long-term special bonds and using various monetary policy tools to maintain liquidity [20] - Reforms aimed at creating a fair market environment and supporting small and medium-sized enterprises are being advanced to stimulate economic vitality [21][22]

首先是算力成本的断崖式下跌带来的突破。英伟达的Jetson Thor芯片实现了一个关键突破：边缘计算能 力提升10倍，成本仅增加30%。这意味着机器人终于可以在本地运行复杂的神经网络，摆脱对云端的依 赖。这种变化的意义不容小觑。算力的本地化正在为机器人的实时决策能力扫清最后的技术障碍。 其次是数据飞轮开始加速转动。虽然真实数据稀缺，但仿真技术的飞跃正在重写游戏规则。随着机器人 产品开始批量部署，真实数据正在以指数级增长。宇树科技创始人王兴兴预测，三年后机器人出货量将 从1000台跃升至1万台——这意味着可用数据将增长100倍。数据飞轮一旦转动，技术进步就会进入自我 强化的正循环。 第三个变化来自应用场景的降维突破。聪明的创业者已经放弃了"造出完美人类替代品"的执念，转而寻 找那些"60分就够用"的应用场景。这种策略收效显著。在电商仓库，机器人只需要精确搬运货物，不需 要人类的全方位灵巧性；在现代农场，采摘机器人可以慢一些，但能够24小时不间断工作；在养老护理 场景中，陪伴机器人不需要完美无缺，或许一个60分的"人形存在"就能有效缓解老人的孤独感。 高廷帆（首都经济贸易大学经济学院副教授、中国商业经济学会理事） ...

Group 1 - Guangdong Provincial Government issued policies to promote high-quality development of the commercial aerospace industry from 2025 to 2028, leveraging its advantages in application scenarios, industrial support, and market mechanisms to build an integrated commercial aerospace ecosystem [5] - The new Sichuan Urban Football League will be held across years, starting on September 20, 2025, and lasting until July 2026, featuring a total of 162 matches across 28 rounds [5] - Alibaba's Tongyi Qianwen launched Qwen-Image-Edit, an image editing version of Qwen-Image, enhancing text rendering capabilities for precise editing of images [5] Group 2 - The Chinese government continues to actively host international high-level sports events during the 14th Five-Year Plan period, with multiple world championships in athletics, swimming, gymnastics, and other sports scheduled to be held in China [4] - The Ministry of Industry and Information Technology and the National Health Commission announced a call for innovative technology applications in the food processing sector, focusing on synthetic biology, fermentation engineering, and enzyme engineering [4] Group 3 - The robot concept sector saw a surge in activity, with several companies experiencing significant stock price increases due to supportive policies for the domestic robot industry [8] - The Shanghai Municipal Economic and Information Commission released an implementation plan to accelerate the application of robots in key industries, supporting the deployment of industrial robots in hazardous work environments [8] - The global market for humanoid robots is expected to exceed $150 billion by 2035, driven by policy support, technological maturity, and increasing demand [8] Group 4 - The HarmonyOS ecosystem has surpassed 10 million devices, marking a significant milestone in its development, with over 20,000 native applications launched [11][12] - The upcoming 2025 China International Big Data Industry Expo will focus on internationalization and feature specialized exhibition areas for data infrastructure and artificial intelligence [13] Group 5 - Gree Electric Appliances reported a significant increase in revenue and net profit for the first half of the year, with a revenue of 25.18 billion yuan, up 28.49%, and a net profit of 6.45 billion yuan, up 24.50% [17] - Other companies like Bestme and Meihua Biological also reported revenue growth, with Bestme's revenue increasing by 16.57% and Meihua's net profit growing by 19.96% [17] Group 6 - Goldman Sachs projected that China would receive a net inflow of $780 million in passive funds from the upcoming MSCI index adjustments, with 28 new stocks added to the emerging markets index [23] - Significant inflows into brokerage-themed ETFs were noted, with substantial net subscriptions reported for various funds, indicating strong market interest [24]

Core Viewpoint - The development of unmanned aerial vehicles, intelligent connected vehicles, and humanoid robots as key strategic industries in China is expected to profoundly reshape future lifestyles through technological breakthroughs [4][6]. Group 1: Market Trends and Consumer Demand - The younger consumer demographic is increasingly willing to pay for trendy experiences, while mainstream consumers are opting for smart technology to enhance their life rituals, and the elderly are looking for technology to improve elder care services [5]. - The market is witnessing a surge in demand for smart applications, with intelligent connected vehicles becoming a significant driver of automotive consumption [5]. - In the first half of this year, the installation rate of L2-level and above assisted driving functions in domestic new energy passenger vehicles reached approximately 80%, with a notable increase in the rate of intelligent driving features in vehicles priced below 160,000 yuan [5]. Group 2: Technological Synergy and Innovation - Approximately 70% of the core components in the three industries share common technological roots, which facilitates collaborative innovation and reduces R&D costs [6]. - The integration of digital twin platforms can support the collaborative routing of vehicles and aerial vehicles, enhancing intelligent decision-making in complex environments [6]. - The automotive industry is becoming a core carrier for the implementation of cutting-edge technologies, with trends towards ecosystem-based operating systems, diversified energy supply, and data-driven closed loops [8]. Group 3: Entry into Low-altitude Economy - The low-altitude economy in China is projected to reach a market size of 1.5 trillion yuan by the end of this year and is expected to grow to 3.5 trillion yuan by 2035 [9]. - Several automotive manufacturers have completed the development of flying cars and are entering the testing phase, indicating a significant transformation in the transportation sector [9]. - Innovations such as the "mother ship vehicle + detachable flying vehicle" design allow seamless integration of land and air travel, redefining urban transportation networks [9]. Group 4: Industry Collaboration and Development - The development paths of intelligent connected vehicles and the low-altitude economy share many commonalities, suggesting positive synergistic effects between the two sectors [10]. - The introduction of specialized aviation batteries with a cycle life of 3,000 times and customized millimeter-wave radar for flying cars indicates a comprehensive upgrade of the supply chain [10]. - The need for technical, scenario-driven, and policy support is crucial for the gradual market entry of low-altitude vehicles, humanoid robots, and intelligent connected vehicles [11].

Core Insights - The 2025 World Humanoid Robot Games showcased the competitive edge of athletes with experience in traditional sports over students with robotics expertise, as evidenced by the victory of the Olympic athlete team, Aolin 1, over the academically trained team, Huadian Iron Fist [1][3][4] Group 1: Competition Overview - The free fighting event was the only competition held in the FOP area, featuring eight teams, with six teams composed of students from various universities specializing in robotics [3][4] - Aolin 1 team, consisting of Olympic athletes from diverse sports, demonstrated superior tactical execution and experience in the competition [3][4][6] Group 2: Technical Insights - The competition highlighted the challenges of controlling humanoid robots, including limitations in reaction speed and the need for familiarity with the robot's control algorithms [6][16] - The robots used in the competition, such as the Yushu G1, exhibited advanced motion control algorithms, allowing them to maintain balance and recover quickly from falls, which is crucial for future applications in rescue operations and industrial inspections [11][15] Group 3: Future Implications - The event served as a platform for students and companies to showcase their technological advancements and learn from competitors, fostering innovation in the humanoid robotics field [10][17] - The experience gained from the competition is expected to inform future developments in humanoid robots, particularly in enhancing their operational capabilities in various scenarios [13][19]

经营范围含技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；计算机系统服务；网络 技术服务；科技中介服务；人工智能行业应用系统集成服务；信息系统集成服务；信息技术咨询服务； 软件开发；人工智能应用软件开发；智能机器人销售；智能机器人的研发；服务消费机器人销售；服务 消费机器人制造；供应链管理服务；电子产品销售；机械设备销售；电气设备销售；通信设备销售；货 物进出口；技术进出口。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动） 企业名称上海桦之坚机器人有限公司法定代表人吴明根注册资本1000万人民币国标行业科学研究和技术 服务业>科技推广和应用服务业>技术推广服务地址上海市长宁区广顺路33号8幢1层4752室企业类型有 限责任公司（自然人投资或控股的法人独资）营业期限2025-8-19至无固定期限登记机关长宁区市场监 管局 天眼查显示，近日，上海桦之坚机器人有限公司成立，法定代表人为吴明根，注册资本1000万人民币， 由浙江中坚科技股份有限公司全资持股。 序号股东名称持股比例1浙江中坚科技股份有限公司100% 来源：金融界 ...

Core Viewpoint - 361 Degrees is entering the robot wearables industry through a strategic partnership with Stand Robot, aiming to leverage both companies' strengths in developing AI-integrated sports apparel and accessories [1][2]. Group 1: Company Developments - 361 Degrees has reported impressive financial growth, with a revenue of 10.07 billion yuan in 2024, marking a year-on-year increase of 19.6%, and a net profit of 1.15 billion yuan, up 19.5% [2]. - The collaboration with Stand Robot signifies a strategic shift for 361 Degrees from a traditional sports brand to a "technology + sports" ecosystem enterprise [2]. - The company aims to establish a new brand identity and enhance its market position by integrating artificial intelligence and smart manufacturing into its operations [2]. Group 2: Market Position and Challenges - Despite the growth, 361 Degrees faces challenges in competing with major players like Anta, Li Ning, and Xtep, which have stronger marketing and product strategies [2][3]. - The company has been perceived as adopting a cautious approach, which may hinder its ability to capitalize on emerging trends, particularly in the outdoor product category [2][3]. - To improve its market ranking and consumer perception, 361 Degrees needs a significant breakthrough, similar to successful branding strategies employed by competitors [3].