2026年2月4日，原力无限发布心智原生双足机器人「小原子」。 据原力无限介绍，48小时内，预定破百。 截至2月8日，盲定数量来到111台。 如果只看数字，它并不具备"爆款"的戏剧性；但如果把它放进当下具身智能行业的真实语境中，这个结果反而显得异常清晰——这不是一次情绪驱动的消 费，而是一组高度理性的选择。 因为在当前阶段，几乎没有任何一个普通家庭，会因为"多几个自由度"或"更炫的演示动作"，就仓促决定把一台双足机器人带回家。 这111个选择，并非为"能力"买单 过去，人类所经历的大多数"智能化"，本质上都发生在屏幕之后。AI变得越来越聪明，却始终隔着一层玻璃存在：它能生成文本、理解语义，却无法真正进 入人的物理世界。 在品牌方看来，这111位用户显然意识到了这种缺失。他们选择小原子，并不是为了获得一个"更聪明的设备"，而是为了让AI重新拥有身体、重量和在场 感。 95cm 的身高、20kg 的实体重量、可以被触碰、被注视、被绕开的真实存在，都在清晰地表达一件事：AI不再只是云端的幽灵，而是开始参与人类的重力场 与生活秩序。 这是一次从比特（Bit）回到原子（Atom）的选择。 而在过去两年，具身智能行业已经 ...

Performance Insights - The proportion of companies with positive revenue growth on the North Exchange is high, indicating a stronger seasonal rally in spring. In 2025, 62% of companies reported positive revenue growth, while 48% reported positive net profit growth[12][14]. - The spring rally in 2025 saw a significant increase of +40.17% in the North Exchange 50 Index, supported by optimistic performance expectations[12][15]. Liquidity Factors - Improved liquidity is a key driver for the seasonal rally, with trading volumes in 2024 and 2025 starting from two consecutive days of increased trading volume. The average daily trading amount reached over 100 billion yuan in these years[16][17]. - The North Exchange's trading volume has shown significant fluctuations, but the North Exchange 50 Index's volatility has been relatively small, suggesting stable liquidity conditions[22]. Valuation Trends - Valuations have experienced a phase of correction before seasonal rallies, with the North Exchange's overall price-to-earnings ratio dropping from 55 times in September 2025 to 47 times currently, providing a foundation for potential rallies[26]. - Historical data shows that prior to the spring rallies, valuations were at relatively low levels, which attracted more investments and facilitated valuation recovery[23][26]. Market Dynamics - The spring rally is influenced by multiple factors, including concentrated policy expectations, thematic investment opportunities, and performance-driven market sentiment[5][6]. - The North Exchange has shown a decreasing "see-saw effect" with the Shanghai and Shenzhen markets, indicating a growing recognition and acceptance of the North Exchange among investors[17]. Investment Recommendations - Focus on sectors such as new energy, embodied intelligence, and emerging industries with unique business models that are scarce in the A-share market[15]. - Emphasize companies with strong financial indicators, high growth potential, and significant R&D investments to capitalize on the expected spring rally[15].

上海市委统战部副部长张峰7日表示，要将党外知识分子中的专家学者和行业领军人才的专业热情和创 造活力激发出来，将科学家深邃的洞察与企业家的敏锐实践相结合。 当天，"复兴岛未来城市：科学家 与企业家同心共创会"在复兴岛船台公园举行。"同心荟"杨浦具身智能产业专家服务站正式启动，该服 务站将立足上海"十五五"产业发展导向，依托统战 资源优势，构建"需求-智库-场景"联动机制，为具身 智能产业发展提供常态化、专业化智力服务。首批16位来自高校、科研机构与领军企业的专家获颁聘 书。 ...

转自：央视新闻 来源：央视新闻 未来产业已成2026年开年热词。"十五五"开局之年，中央政治局今年的首次集体学习，聚焦未来产业发 展。地方两会上，"培育壮大未来产业""加强未来产业布局" "推进未来产业先导区建设"等也是各省区市 政府工作报告强调的重点。什么是未来产业，它离我们的生活还有多远？哪些省份在未来产业布局上处 于领跑位置？它们的领跑密码是什么？01何为未来产业？近两年，机器人、"人造太阳"、6G（第六代 移动通信）这些科技新词在新闻中越发常见。机器人从春晚舞台跑进田径赛场，解锁更多技能，动作愈 加流畅，具身智能的应用场景日益增多。"人造太阳"2025年实现1亿摄氏度、1066秒稳态运行，刷新世 界纪录，我国可控核聚变正从基础科学迈向关键工程实践。6G技术试验已开启第二阶段，人、机、 物、智能体的"万物智联"时代越来越近……这些正是未来产业的代表。简单来说，未来产业是指由前沿 技术驱动，当前处于孕育萌发阶段或产业化初期，具有显著战略性、引领性、颠覆性和不确定性的前瞻 性新兴产业。"十五五"规划建议中，在"建设现代化产业体系，巩固壮大实体经济"部分，对发展未来产 业作了具体说明。"前瞻布局未来产业，探索 ...

Core Viewpoint - The "15th Five-Year Plan" is expected to provide clear direction and policy support for the capital market, with a focus on traditional industry upgrades, emerging industry demand expansion, and thematic investments in frontier industries [1] Macro Analysis: Opportunities in Financial Assets - The liquidity environment is expected to remain relatively loose both globally and domestically, providing opportunities across various financial assets, with a particular emphasis on the A-share equity market [2] - Current A-share market valuations are considered reasonable based on historical rolling returns, suggesting that the market is not overly expensive [2] - Two core supporting factors for the A-share market include a friendly liquidity environment and an anticipated upward trend in the profit cycle due to improved supply-demand dynamics [2] Trend Assessment: Technological Self-Reliance - The "15th Five-Year Plan" emphasizes technological self-reliance as a strategic task, highlighting the importance of technological innovation and productivity improvement for sustainable economic development [4] Insight into Opportunities: Three Structural Directions - The "15th Five-Year Plan" outlines three key investment directions: 1. Traditional industries such as chemicals, shipbuilding, and metallurgy are expected to enhance profitability through supply-side policies and optimization [5][6] 2. Emerging industries like artificial intelligence and energy storage are projected to experience sustained demand growth, leading to rapid development [6] 3. Frontier industries, including embodied intelligence and quantum technology, are seen as having significant growth potential and should be monitored for breakthroughs in basic scientific research [6] Rational Layout: Understanding Industry Trends - Investors are advised to recognize industry trends and avoid frequent timing based on short-term fluctuations, particularly in the high-growth and high-volatility technology sector [7] - The investment strategy should focus on understanding industry development trends and adjusting strategies only when substantial changes occur in the underlying fundamentals [7]

□ 本报记者马薇整理 二是努力推动太湖水质根本好转。认真抓好中央巡视反馈问题整改，高标准开展新一轮太湖治理，深化 湖岸同治、流域共治，扎实做好清淤、控源、截污等各项工作，确保太湖无锡水域水质稳定达到Ⅲ类。 同时以太湖治理为牵引，协同推进降碳、减污、扩绿、增长，以"人文家的心、艺术家的眼、科学家的 智"规划建设城市，做好生态"+品牌""+文旅""+消费"等文章，于青山绿水间打造人口、人力、人才、人 气同步增长的高品质宜居城市。 三是努力推动全体人民共同富裕。坚持在发展中保障和改善民生，坚持投资于物和投资于人紧密结合， 进一步健全与人口变化相适应的公共资源配置机制、国企牵头的微利型社会公用事业发展模式，探索集 团化办学、医联体建设、医养结合、老幼共托、科技助残等新路径，解决好群众普遍关心的学校学位、 医院床位、就业岗位等问题，统筹推进高品质生活、高效能治理、高水平安全，加快建设人民满意的共 同富裕幸福美好城市。 总之，无锡将按照省两会的部署要求，树立和践行"为人民出政绩、以实干出政绩"的正确政绩观，聚力 聚焦，狠抓落实，努力为全省发展大局作出新的更大贡献。 2026年是"十五五"开局之年，无锡将继续把深入贯彻习近 ...

Core Insights - In 2026, China's emerging industries are expected to collectively enter a phase of mass production and ecological construction, with a focus on strategic emerging industries and localized development paths [6] Group 1: Low Altitude Economy - Guangdong is establishing itself as a benchmark for the low altitude economy, leveraging its complete industrial chain and policy framework, aiming for an industry scale exceeding 300 billion yuan by 2026 [7][8] - The province has over 15,000 low altitude industry chain enterprises, accounting for more than 30% of the national total, with over 2,000 drone manufacturing companies [7] - Guangdong is enhancing its infrastructure and policy environment to support low altitude logistics, medical rescue, and agricultural monitoring applications [8] Group 2: Embodied Intelligence - Shanghai is positioning itself as a global innovation hub for embodied intelligence, with plans to achieve significant breakthroughs in core algorithms and technologies by 2027 [9][11] - The city aims to support key projects financially and establish several high-quality incubators for the embodied intelligence sector [11] Group 3: New Energy Storage - Inner Mongolia is leading the development of new energy storage, focusing on attracting leading enterprises and building a comprehensive industrial chain [12][13] - The region has established a capacity to support 28.5 million kilowatt-hours of installed demand, with significant projects underway, including a large-scale energy storage project [13] Group 4: New Materials - Jiangsu is enhancing its new materials industry through a comprehensive innovation system, with 32 provincial key laboratories and 15 national enterprise technology centers established [14][15] - The province's advanced materials industry has surpassed 1 trillion yuan in output value, with significant clusters in Suzhou focusing on nanomaterials and advanced carbon materials [15] Group 5: Deep Sea and Aerospace Integration - Shandong is promoting the integration of deep sea and aerospace industries through a "chain leader" system, enhancing efficiency and fostering a collaborative industrial ecosystem [16][17] - The province is developing key technologies in both fields and establishing a unique layout for manufacturing and launching [17] Group 6: Quantum Technology - Anhui is building a global hub for quantum technology, with over 100 companies in the sector and a focus on practical applications through the "thousand scenarios" initiative [18][20] - The province has established a quantum future industry park and is providing comprehensive support for technology development and industry collaboration [20]

Core Insights - The 2026 APEC First Senior Officials' Meeting and related events will be held in Guangzhou from February 1 to 10, focusing on the theme of the 2026 APEC meeting and discussing specific cooperation to prepare for the informal leaders' meeting in November [2] Group 1 - The event will feature carefully planned city experience routes, including themes such as "Millennium Commerce · Innovative Future City Tour" and "Flower City Green Heart · Central Ecological and Cultural Tour," allowing participants to fully experience the vitality of the old city [2] - During the technology innovation-themed tour, foreign guests visited the Haixinsha All-Space Intelligent Experience Center, showcasing representative achievements in Guangzhou's low-altitude economy, intelligent networking, and embodied intelligence [2] - Guests had the opportunity to witness the convenience of flying cars, interact with intelligent robots, and participate in simulated flights, providing an immersive experience of the technological innovations from Guangdong enterprises [2]

以"智驾赛道"为基本盘"，挖掘具身智能赛道新增长机遇，知行科技(01274)多条赛道纵深发展。 知行科技深耕于智驾赛道，是国内智能驾驶解决方案领头者之一，拥有已商业化的L2级至L2+级组合驾 驶辅助解决方案(L2+级并非SAE(1)标准下的官方分类)，并正在开发L3至L4级自动驾驶解决方案。凭借 着技术及产品力优势，该公司在智驾赛道上脱颖而出，落地场景从乘用车逐步渗透至商用车及物流车等 多领域。 智通财经APP了解到，近期该公司持续在物流车领域发力，2025年12月将自研的域控制器产品首次拓展 至无人物流小车领域，获得某头部品牌商用车项目定点，2026年1月再次获得商用车的量产项目定点， 为头部品牌无人物流配送小车提供基于地平线双征程6M(以下简称J6M)的自动驾驶软硬一体域控制器 iDC700。 域控制器为自动驾驶系统提供高效可靠的运行环境，是无人物流小车能够顺利从A点到B点的规模化基 石。该公司自研产品首次进入物流车领域且能够连续获得了汽车行业头部品牌客户订单，无人物流车领 域将成为公司智驾赛道新增长点。 知行科技主要通过与地平线合作模式切入无人物流车市场，此前在地平线J6M及征程系列平台上的开发 和量产 ...

Core Viewpoint - The article emphasizes the strategic long-term investment approach of Jiyuan Capital in AI and embodied intelligence, highlighting significant growth in investment amounts and the anticipation of multiple IPOs in the coming year [4][5][8]. Investment Trends - In 2025, Jiyuan Capital's investment amount reached nearly 3 billion RMB, a 2.5 times increase compared to 2024 [8][10]. - The firm has invested in over 50 AI-related companies and 8 companies in the embodied intelligence sector over the past decade [8][10]. - Jiyuan Capital has successfully recouped over 2 billion RMB in cash through IPOs in 2025, with more than 20 companies in its portfolio preparing for or undergoing IPO processes [8][10]. Team Development - The team size at Jiyuan Capital has grown from 73 to 82 members to better address the expanding AI and embodied intelligence market [5][9]. - The promotion of two partners, Wu Chenyiao and Li Haojun, reflects the stability and experience of the core management team, which has over 20 years of industry experience [9][10]. Market Observations - The current AI and embodied intelligence landscape is characterized by rapid changes, requiring entrepreneurs to possess strategic thinking capabilities to navigate the evolving market [17][20]. - Jiyuan Capital is focused on projects that address specific, defined needs within vertical applications, emphasizing the importance of strong founding teams [16][24]. Global Perspective - Jiyuan Capital aims to leverage its global resources to assist portfolio companies in expanding into international markets, particularly in Southeast Asia [31][32]. - The firm recognizes China's advantages in application scenarios, talent, and supply chain, which are crucial for the development of embodied intelligence [25][26]. Long-term Vision - The firm views the current investment landscape as a long-term journey, akin to a marathon, where patience and a focus on value investment are essential [9][10]. - Jiyuan Capital believes that the AI era presents unprecedented opportunities for creating large-scale companies, potentially reaching trillion-dollar valuations [21][22].