宇树科技公布最新上市进展。9月2日，经中国证券报记者求证，宇树科技在社交媒体平台发布声明称， 公司正积极推进首次公开募股（IPO）的筹备工作，并预计将于10月至12月间向证券交易所提交上市申 请文件，"届时相关运营数据将正式披露"。 王兴兴在接受中国证券报记者采访时进一步介绍："从出货量的角度，未来几年，全球人形机器人行业 每年翻一番应该是可以保证的，如果有更大的技术突破，未来2到3年，一年出货几十万台甚至上百万台 也有可能。" 人形机器人企业密集融资。7月，星动纪元、云深处相继宣布完成近5亿元融资，星海图、千寻智能、众 擎机器人、逐际动力也官宣融资；6月中下旬，银河通用宣布完成由宁德时代及溥泉资本领投的11亿元 人民币新一轮融资；5月，魔法原子宣布完成数亿元的新一轮战略融资，是半年时间内该公司完成的第 二轮超亿元融资。 人形机器人行业企业资本化进程加速。今年8月，智元机器人宣布已完成新一轮战略融资，由LG集团旗 下的LG电子以及未来资产集团联合投资。此前，智元机器人宣布获得正大机器人战略投资。天眼查信 息显示，截至目前，智元机器人已完成10轮融资，包括此前获得腾讯、京东、比亚迪、上汽、北汽、 TCL等多家产 ...

Group 1 - Shanghai is enhancing support for the research and application of high-performance training, inference, and edge modules in artificial intelligence [1][10] - The Shanghai Municipal Economic and Information Commission aims to strengthen intelligent computing power supply services and accelerate breakthroughs in large-scale intelligent computing clusters [1][10] Group 2 - The "2025 Inclusion·Bund Conference" will take place from September 10 to 13 in Shanghai, featuring prominent figures in the field of artificial intelligence and high-performance computing [2] - Notable attendees include Turing Award winners and industry experts, indicating a strong focus on innovation and investment in technology [2] Group 3 - In August 2025, A-share new account openings reached 2.65 million, marking a year-on-year increase of 165% [3] - This surge in new accounts reflects a significant recovery and growth in market participation compared to previous months [3] Group 4 - Yushu Technology plans to submit its IPO application between October and December 2025, with a focus on quadruped and humanoid robots [4] - The sales distribution indicates that approximately 80% of quadruped robots are used in research, education, and consumer sectors, while humanoid robots are entirely focused on these areas [4] Group 5 - The DRAM industry reported a total revenue of $31.63 billion in Q2 2025, representing a quarter-on-quarter growth of 17.1% [5] - The increase is attributed to rising contract prices and significant growth in shipment volumes, particularly in conventional DRAM and HBM [5] Group 6 - Public funds' mid-year reports for 2025 show significant increases in holdings in the pharmaceutical, banking, and electronics sectors [6] - Notable stocks with increased fund holdings include Shutaishen, Anglikang, and Weichai Heavy Industry, indicating strong investor interest in these companies [6] Group 7 - The Shanghai Stock Exchange series index fund products have nearly reached a scale of 800 billion yuan, reflecting a growth of 48.3% since the beginning of the year [11] - The equity index fund products account for 607.2 billion yuan, with significant contributions from the SSE 50 and STAR 50 index products [11]

Group 1 - The Japanese political turmoil has led to a significant drop in the yen's exchange rate, with the USD/JPY rate rising over 1% [2] - The U.S. government is facing a potential shutdown due to partisan disagreements, with the deadline for funding approaching [2] - Gold prices have surged past $3,500, driven by increased demand for safe-haven assets amid geopolitical risks and expectations of a Federal Reserve rate cut [2] Group 2 - The Chinese yuan experienced a sharp rise followed by a slight correction, with future stability expected as the core goal [3] - The A-share market saw a pullback, particularly in the technology sector, but the overall trend remains upward [3] - Yushutech plans to submit its IPO application between October and December, attracting market attention due to its previous successful funding rounds [3] Group 3 - The UK bond market experienced a significant sell-off, with the 30-year bond yield reaching its highest level since 1998 at 5.68% [4] - Southbound capital has seen a net inflow exceeding HKD 100 billion this year, enhancing the pricing power of the Hong Kong stock market [5] - The "national team" funds have revealed their second-quarter holdings, with notable adjustments in positions, including increased stakes in companies like SF Express [5] - The robotics sector saw a strong rebound in the afternoon, driven by rumors of a leading company meeting with Tesla, although the information remains unverified [5]

9月2日，宇树科技在社交媒体上宣布，预计将在2025年10月至12月期间向证券交易所提交上市申请文 件，届时公司的相关运营数据将正式披露。 其中，约80%的四足机器人被应用于研究、教育和消费领域，而剩余的20%则被用于工业领域，如检查 与消防。人形机器人完全用于研究、教育和消费领域。更多细节将在IPO文件中披露。 7月25日，宇树科技正式发布第三款人形机器人"Unitree R1智能伙伴"，该机器人售价3.99万元起，关节 数量达26个，整机重量约25kg，并集成语音和图像多模态大模型，支持开发与定制。 7月18日，中国证监会官网显示，宇树科技开启上市辅导，辅导机构为中信证券，这表明宇树科技正式 启动IPO。 在商业化进程方面，王兴兴在5月公开表示，宇树科技2025年工业机器人订单量同比增长220%，合同金 额突破12亿元，其中明星产品G1四足机器人贡献60%营收。 在财务表现方面，宇树科技创始人兼CEO王兴兴曾在夏季达沃斯论坛上披露，企业年度营收已突破10亿 元人民币。据投资方透露，宇树科技自2020年以来已连续五年实现盈利，在机器人行业中表现突出。 据披露，宇树科技与智元机器人联合中标中国移动（60094 ...

每经编辑｜陈鹏程 王晓波 1 九三阅兵安排，一图速览 今日上午9时，纪念中国人民抗日战争暨世界反法西斯战争胜利80周年大会将在北京天安门广场隆重举行，其中包括约70分钟的盛大阅兵。（央视新闻） 2 隔夜市场 美股三大指数集体收跌，道琼斯指数跌0.55%，标普500指数跌0.69%，纳斯达克综合指数跌0.82%；大型科技股普跌，英伟达跌近2%，亚马逊、苹果、特 斯拉跌超1%，谷歌、微软小幅下跌。中概股涨跌互现，纳斯达克中国金龙指数涨0.52%；理想汽车涨超4%，理想汽车涨超4%，蔚来涨超3%，阿里巴巴涨 超2%；有道跌超5%，哔哩哔哩跌超3%。 现货黄金涨1.64%，报3532.41美元/盎司，再创历史新高；COMEX黄金期货涨2.42%，突破3600美元，报3601美元/盎司，创历史新高。 国际油价走高，美油主力合约收涨1.56%，报65.62美元/桶；布伦特原油主力合约涨1.39%，报69.10美元/桶。 欧洲三大股指收盘全线下跌，德国DAX指数跌2.29%报23487.33点，法国CAC40指数跌0.7%报7654.25点，英国富时100指数跌0.87%报9116.69点。 3 外交部：对俄罗斯持普通护照 ...

Group 1 - The A-share market experienced a pullback after a continuous rise, with the technology sector, particularly AI-related stocks, facing profit-taking, leading to declines in major indices [1][2] - The Shanghai Composite Index closed at 3858.13 points, down 0.45%, while the Shenzhen Component Index and the ChiNext Index fell by 2.14% and 2.85%, respectively [1] - The total trading volume in the Shanghai and Shenzhen markets reached 28,750 billion yuan, an increase of 1,250 billion yuan compared to the previous day [1] Group 2 - The robotics sector was one of the few technology themes that rose, with companies like Zhejiang Rongtai and Longxi Co. hitting the daily limit up [1] - Yu Tree Technology announced plans to submit its listing application between October and December, following its listing guidance initiated by CITIC Securities [1] - The precious metals sector showed strength, with Western Gold hitting the daily limit up for two consecutive days, and gold prices reaching a historical high of $3,508.69 per ounce [1] Group 3 - The AI sector faced significant profit-taking, with leading companies like Xinyi Sheng and Zhongji Xuchuang seeing their stock prices drop by 7.80% and 5.44%, respectively [2] - The influx of leveraged funds and private capital has been notable, but their stability is questioned, as their flow is closely tied to market sentiment [2] - The current PB valuation of the Shenwan secondary sector is at a historically high level, indicating a potential shift towards lower-value assets [2] Group 4 - The market is shifting towards an investment logic focused on economic recovery, with a strong emphasis on AI-related industries [3] - The ongoing "anti-involution" policy is improving the operational conditions of domestic manufacturing enterprises, while overseas interest rate cuts are favorable for global manufacturing recovery [3] - Three investment themes are recommended: physical assets benefiting from domestic and overseas manufacturing recovery, long-term assets in insurance and brokerage sectors, and opportunities in A-share heavyweight stocks related to domestic demand [3]

9月2日，A股三大指数震荡收跌，但机器人概念股却在午后逆势拉升，掀起涨停潮。浙江荣泰直线封板，股 价再创历史新高，成为市场焦点。带动板块集体走强的，是一则关于特斯拉与机器人供应商的传闻。有媒体 报道称，特斯拉对明年机器人产能给出"非常乐观"的指引，要求供应商明年一季度做好产能爬坡准备，并预 计到明年三季度，单周产能有望达到1万台。 人形机器人量产再提速 当"实验室明星"真正走出展台，成为产业链的爆发点，人形机器人或将开启继新能源汽车之后又一个万亿级 市场。图为兆威机电新一代仿生灵巧手。 （受访单位供图） 深圳商报首席记者 袁静娴 稀土永磁材料被誉为机器人关节的"心脏"。数据显示，单台人形机器人需消耗3.5公斤稀土永磁材料，是新能 源汽车的1.75倍。随着人形机器人加速量产，磁材需求有望迎来几何级增长。有机构预测，2025年全球机器 人用磁材市场规模将突破50亿元。 在供应链层面，龙头企业已提前卡位。金力永磁作为特斯拉独家供应商，依靠"晶界渗透"技术实现稀土节 约，去年净利润突破5亿元，机器人业务占比有望从12%提升至25%。大地熊凭借低重稀土磁体技术进入特斯 拉供应链，其重点突破的低重稀土磁体技术，能降30% ...

继上海智元新创技术有限公司（以下简称"智元"）、杭州宇树科技股份有限公司（以下简称"宇树"）、 深圳市优必选科技有限公司（以下简称"优必选"）接连拿下大额订单之后，又一家人形机器人公司在商 业化层面取得突破。 9月2日，星尘智能（深圳）有限公司（以下简称"星尘智能"）宣布与上海仙工智能科技股份有限公司 （以下简称"仙工智能"）达成人形机器人千台级订单合作，计划在未来两年内分阶段部署上千台AI机器 人，用于工业、制造、仓储、物流等场景。 核心技术协同 据记者了解，此次合作将以"核心部件+整机应用"的协同模式构建AI机器人平台。作为全球领先的以控 制器系统为核心的智能机器人公司，仙工智能将凭借其控制器技术，提供工业级的可靠性保障和成本优 势。同时，借助本次合作提供的真实工业环境规模化"实验场"，星尘智能也将实现"本体—数据—模型 —应用"的平台正循环迭代，让技术与场景需求形成动态适配。 "公司是业内首个实现绳驱AI机器人量产的企业。"星尘智能相关人士向《证券日报》记者表示，与传统 电机驱动关节不同，绳驱AI机器人独特的绳驱传动技术能模拟人类肌腱的丝滑用力方式，具备高动态 响应、高灵巧操作、高交互安全等优势。这种技 ...

Core Viewpoint - Yushutech is set to submit its IPO application between October and December 2025, with a detailed disclosure of its business fundamentals and operational data expected at that time [1][2]. Company Overview - Yushutech's revenue structure for 2024 shows that quadruped robots, humanoid robots, and component products will account for 65%, 30%, and 5% of total revenue, respectively [1]. - The company focuses on civilian applications, with 80% of quadruped robots used in research, education, and consumer scenarios, while humanoid robots are entirely dedicated to civilian use [1][5]. Capitalization and Financing - Yushutech completed a C-round financing in June 2025, attracting major investors such as Tencent, Alibaba, Ant Group, and Geely Holdings, leading to a valuation exceeding 10 billion RMB [3]. - The company has opted for a traditional IPO route rather than a reverse merger, which is seen as a more transparent method to showcase its technological commercialization [3]. Industry Context - The humanoid robot sector is experiencing a capital explosion, with financing in this area projected to grow from 1.58 billion RMB in 2020 to 7.23 billion RMB by 2024, reflecting a compound annual growth rate of 35.6% [3]. - Yushutech's revenue for 2024 is expected to exceed 1 billion RMB, positioning it as a notable player in the market, although it still trails behind competitors like UBTECH [4]. Strategic Positioning - Yushutech emphasizes its focus on civilian robots, contrasting with competitors that prioritize industrial applications [5]. - The upcoming IPO will reveal key metrics such as R&D investment ratios and order conversion rates, which are crucial for assessing the company's valuation and the progress of humanoid robot technology in real-life applications [5].

资本市场热点敏锐切换，机器人再次冲进概念板块前列。 9月2日，CPO（Co-Packaged Optics，共封装光学）概念回调，"易中天"（新易盛、中际旭创、天孚通信）集体下跌，机器人概念股午后走高，浙江荣 泰、上纬新材、震裕科技等多股大涨。 消息面上，特斯拉正式发布其"宏图计划"第四篇章（Master Plan Part 4，简称"宏图4"）的完整文件。公司CEO马斯克表示，FSD和Optimus的规模化将是最 为重要的事项，未来特斯拉约80%的价值将来自Optimus机器人。 在量产节奏上，9月2日，有市场消息称，当日特斯拉与供应商开电话会，对明年机器人产能给出"非常乐观"的指引，要求供应商明年一季度做好产能爬坡 准备，并预计到明年三季度，单周产能有望达到1万台。 浙江荣泰被视为传闻中的供应商。盘后公司回应称，确实与特斯拉存在合作交流；目前无应披露而未披露的重大事项。 特斯拉发布"宏图4" 特斯拉的"宏图"是马斯克为公司制定的战略性蓝图，前三篇章主要聚焦新能源汽车以及可持续能源生态系统。 对比来看，"宏图4"的人形机器人"浓度"更高。文件的封面，便是一款作业中的Optimus机器人。 特斯拉介绍，"宏图 ...