以下文章来源于公募排排网 ，作者排排产品研究中心 公募排排网 . 看财经、查排名、买基金，就上公募排排网，申购费低至0.001折。 本文首发于公众号"公募排排网"。（点击↑↑上图查看详情） 8月17日，2025首届世界人形机器人运动会顺利闭幕，成为各国机器人技术成熟度的"试金石"。 国内机器人"天工"以100米自主奔跑21.50秒 夺冠，展现环境识别与运动控制技术的显著突破。 赛场之外，各国机器人技术的军备竞赛早已紧锣密鼓地展开： 特斯拉Optimus计划2025年 Q4试产，2026年计划大批量销售，优必选、小米、乐聚等加速商业化进程进入汽车、物流、3C制造领域，宇树科技推出格斗款人形机器人等 证实机器人行业已进入从技术突破到商业场景落地的快速探索期。（可参考： 机器人核心公司一览表_北向资金、基金重仓机器人概念股名 单 ） 1. 政策密集催化期 国家级人工智能基金和地方配套资金已超千亿规模，北京、上海等地明确要求制造业机器人密度两年内翻倍，单台补贴最高达50万元。 中国 正牵头制定养老机器人国际标准，欧盟《人工智能法案》也为合规企业打开出海通道。这些政策不仅提供真金白银支持，更在标准制定和市 场准入方面为 ...

Core Insights - Tesla's "Master Plan" fourth chapter aims to integrate AI and autonomous driving technologies to accelerate the transition to sustainable abundance and human prosperity [2][3][4] - The plan emphasizes the creation of a safer, cleaner, and more enjoyable world through the unification of hardware and software [3][4] AI Empowerment - Tesla's innovations in electric vehicles, clean energy, and robotics lay the foundation for a technological renaissance aimed at eliminating scarcity [3][4] - The company believes that growth is limitless and that technological innovation can address resource shortages, similar to past industrial revolutions [3][4] Technological Integration - Tesla is building a collaborative network of AI and physical world technologies, including Full Self-Driving (FSD), Dojo supercomputer, and Optimus humanoid robots [5][6] - FSD is progressing towards full autonomy by continuously learning from millions of miles of road data, enhancing its ability to handle complex driving scenarios [5] - The Dojo supercomputer, with a processing power of 1.1 EFLOPS, supports AI model training and improves decision-making speed for vehicles [5] Robotics and Energy Solutions - The Optimus robot addresses labor shortages in repetitive and hazardous tasks, already being utilized in Tesla factories and service industries [6] - Tesla's Powerwall and Megapack are key components in energy transition, providing reliable energy storage solutions for homes and businesses [6][7] Virtual Power Plant Innovation - Tesla's Virtual Power Plant (VPP) connects dispersed battery systems to create a large energy buffer, effectively managing energy supply and demand [7] - The VPP model has shown significant success in pilot projects, indicating its potential as a critical infrastructure for renewable energy [7] Business Model Innovation - Tesla is transitioning to a data-driven business model, exploring innovations like the Robotaxi network and AI technology licensing to generate high-margin software revenue [8] - The Robotaxi service allows users to access autonomous vehicles through subscription or pay-per-use, projected to contribute 30% of Tesla's total revenue by 2030 [8] Industry Impact - The release of the fourth chapter of Tesla's "Master Plan" signifies a shift from product-focused innovation to a new stage of system capability integration [9] - The vision outlined in the plan is seen as forward-looking, but the path from concept to reality involves overcoming various challenges in technology and regulation [9][10] Societal Implications - Experts suggest that technology is not only a tool for economic development but also a key force in addressing global challenges like climate change and labor shortages [10] - The need for innovative companies to redefine future possibilities and contribute to a sustainable and prosperous society is emphasized [10]

Group 1 - The robotics sector is leading in investment interest, with significant funding in artificial intelligence and healthcare [1][2] - In the past week, 36 financing events occurred in the domestic primary market, totaling approximately 40.84 billion RMB [1] - The technology and manufacturing sectors remain the primary focus for investors, with robotics and AI receiving the most attention [2] Group 2 - Guangdong, Jiangsu, Beijing, and Shanghai are the main regions for financing activities, with 12, 7, 5, and 5 deals respectively [3] - Active investment institutions include CICC Capital and IDG Capital, involved in multiple financing rounds primarily in technology and healthcare [4] Group 3 - Shenzhen Yue Ran Innovation Technology Co., Ltd. completed a 200 million RMB Series A financing round, led by CICC Capital and other notable investors [5] - Jiangsu PhDUO Molecular Technology Co., Ltd. secured a multi-million RMB angel round financing, focusing on product development and market expansion [6][7] - GREENLAB completed nearly 10 million RMB Pre-A financing, aimed at product development and brand building [8] Group 4 - Nanjing Mainoway Pharmaceutical Technology Co., Ltd. raised a billion RMB in Series B financing to accelerate drug development and market promotion [10][11] - Shanghai Hantong Medical Technology Co., Ltd. completed several million RMB Pre-A+ financing for clinical research and product development [12] - Xinhua Biopharmaceutical (Guangzhou) Co., Ltd. announced a multi-million USD Series A financing to advance clinical trials and drug development [13] Group 5 - Proton Technology raised several million RMB in Series B financing to enhance research and development capabilities [14] - KonoMei completed several million RMB A+ strategic financing to strengthen its position in high-end scientific instruments [15] - Sichuan Shibeikang Biopharmaceutical Technology Co., Ltd. secured nearly 100 million RMB in Series B financing for R&D and international registration [16][17] Group 6 - Shenzhen Xuan Chuang Robot Co., Ltd. completed several million RMB Pre-A financing for R&D and market expansion [22] - Sany Hydrogen Energy Co., Ltd. raised several hundred million RMB in Series A financing to advance green hydrogen equipment development [24][25] - Shandong Future Robot Co., Ltd. completed several hundred million RMB strategic financing for technology development and market expansion [33]

Group 1: Gold Market - Gold prices reached a historic high, surpassing $3,500 per ounce, with London spot gold touching $3,508 [1][3] - The surge in gold prices is driven by expectations of interest rate cuts from the Federal Reserve and increasing geopolitical tensions, leading to a significant influx of safe-haven investments into gold [3] - Morgan Stanley has set a year-end target price for gold at $3,800, indicating strong bullish sentiment in the market [3] Group 2: Tesla and Robotics - Tesla's new "Macro 4.0" strategy shifts focus from electric vehicles to AI and robotics, with Elon Musk stating that 80% of Tesla's future value will depend on the Optimus robot [1][3] - The robotics supply chain, including sensors and lightweight materials, is expected to experience significant growth, similar to the smartphone industry's early days [3] - Companies involved in Tesla's supply chain, particularly those producing harmonic reducers and tactile sensors, are becoming increasingly active [3] Group 3: Technology and Huawei - Huawei's upcoming launch of the Mate XTs, featuring the Kirin 9020 chip and potentially the first eSIM technology, is anticipated to be a breakthrough for foldable phones and IoT devices [4] - The consumer electronics sector is showing signs of activity, particularly among semiconductor companies supplying Huawei, which may lead to positive surprises [4] Group 4: A-Share Market and Economic Indicators - The PMI data for August indicates a mixed economic recovery, with manufacturing at 49.4% and non-manufacturing at 50.3%, suggesting a cautious recovery [4] - Recent fiscal policies, including four tax exemption measures to support social security funds, are seen as a boost to the market [4] - The margin trading balance has exceeded 2.29 trillion, a historical high, indicating increased activity from institutional investors in undervalued tech and new energy companies [4] Group 5: Global Market Environment - The Federal Reserve's decision to maintain interest rates has led to market speculation about potential cuts in mid-September, with the dollar index dropping by 0.7% [5] - European markets showed slight gains, with Germany's DAX up 0.13% and France's CAC40 up 0.2%, while international oil prices increased by 0.67%, signaling positive trends for the energy sector [5]

随即，我把问题甩给了另一个"当红炸子鸡"Deepseek，让它分析一下，宇树可能在哪儿上市。 不过得到的答案是，宇树选择科创板上市的可能性更大，但也不确定，港交所也有可能。因为，宇树已 经完成国际化布局，并且想要吸引全球资本，所以港交所也是一个可选项。此前曾经有过传闻，宇树首 选A股，次选港股。 笔者个人觉得，宇树自己可能也还没想好到底在要在哪儿上。毕竟，现在宇树太红了，交易所都抢着 要，何不待价而沽，谁的条件好，就在哪儿上？ 从交易所层面看，港交所和科创板各有优势。 主笔 | 曾子建 每经编辑|袁东 昨天（9月2日）盘后，宇树科技高调自宣，准备在今年第四季度提交上市申请文件。 相关新闻并未提及宇树科技准备在哪家交易所上市，我的第一反应是，该不会来港交所上市吧？如果真 是这样，那港股的机器人概念股多半还要"燃"起来。 港交所18C章新规，为科技企业提供更多便利，政策上也打开绿灯，支持科技企业赴港上市。而且港股 上市流程更加简单快捷，几乎就是一场"说走就走的旅行"。所以，早在今年4月，创始人王兴兴就已经 提到过，宇树在香港有业务，未来可能在香港上市，但还不确定。其次，如果宇树在港交所上市，面向 全球投资者，更加 ...

4.【LG能源从梅赛德斯-奔驰附属公司赢得75GWh电池订单】根据监管备案文件，LG能源（LG Energy Solutions）与梅赛德斯-奔驰的一家附属公司签署了一项供应75GWh电动汽车电池的协议， 合同期2029年7月30日-2037年3月31日。（科创板日报） 更多智能制造产业资讯 …… 1. 【宇树科技公布沉浸式机器人遥操作专利】9月2日，杭州宇树科技股份有限公司申请的"一种沉浸 式机器人遥操作方法和系统"专利公布。摘要显示，本发明属于机器人遥操作技术领域。现有遥操作 方案，缺乏有效、及时的反馈机制，操作直觉性差，控制精度低，难以胜任复杂、精细的操作任务。 本发明通过构建第一人称映射模型、交互数据采集模型、遥操作处理模型、执行感知模型、沉浸视角 仿真模型，可以对操作者的姿态动作进行实时映射，并生成能够在VR设备中展示的实时响应三维图 像，形成一种有效、及时的第一人称视角的沉浸式反馈机制，可以使操作者仿佛身临其境地执行任 务，提高交互的沉浸性、直观性和自然性，从而可以显著提升操控能力和任务执行效果。（界面新 闻） 2.【马斯克投资的飞行汽车在机场试运营】美国加州圣马特奥一家公司研发的飞行汽车Mode ...

Group 1 - The robotics sector is experiencing fluctuations, with related ETFs receiving significant capital inflows, as evidenced by the E Fund Robotics ETF (159530) seeing a net subscription of over 150 million shares by 10:45 AM, and a net inflow of over 300 million yuan yesterday, bringing its total size to approximately 6.4 billion yuan, a record high since its inception [1] - Yushu Technology announced plans to submit its listing application documents between October and December 2025, with its 2024 revenue structure projected to consist of approximately 65% from quadruped robots, 30% from humanoid robots, and 5% from component products, indicating a strong focus on research, education, and consumer applications [1] - China Galaxy Securities believes that humanoid robots in China are in a phase of accelerated development, supported by detailed policies and encouragement measures over the past decade, advancements in technology, and active participation from traditional manufacturers and startups [1] Group 2 - The Guozheng Robotics Industry Index emphasizes humanoid robots and core components, with related stocks accounting for nearly 80%, making it a leading index for "humanoid content" among ETFs [2] - The E Fund Robotics ETF (159530) ranks first among products tracking this index, providing investors with a streamlined opportunity to invest in the growth of humanoid robots [2]

Core Viewpoint - The market is experiencing a slight pullback with significant declines in technology stocks, indicating a rotation between high and low-performing sectors [1][4]. Market Outlook - Increased volatility is expected in early September, but it will not affect the mid-term market trend. After a continuous rise in August, the market is facing some divergence as it approaches the 3900-point mark, leading to potential profit-taking and a need for re-evaluation of leading sectors [2]. - The Shanghai Composite Index has surpassed its previous peak of 3731 points from 2021, while other major indices like CSI 300 and ChiNext still have room for catch-up [2]. Hot Sectors - In September, the technology sector may see internal differentiation, with low-performing sectors like robotics, new energy, and military potentially experiencing a rebound. Traditional industries such as finance and consumer goods also have opportunities for recovery [3]. - Key trends to watch include: 1. The ongoing trend of robot localization and integration into daily life, with potential catalysts from updates in Tesla's humanoid robot [3]. 2. The push for semiconductor localization, focusing on semiconductor equipment, wafer manufacturing, materials, and IC design [3]. 3. Expectations of order recovery in the military sector by 2025, with signs of bottoming out in mid-term performance [3]. 4. The innovative drug sector is anticipated to reach a turning point in fundamentals by 2025 after several years of adjustment [3]. 5. The banking sector is seeing a rebound in mid-term performance after initial impacts from loan rate re-pricing, attracting long-term institutional investors due to appealing dividend yields [3].

Group 1 - The A-share market showed mixed performance on September 3, with the Shanghai Composite Index down by 0.61%, while sectors such as comprehensive, electric equipment, and media saw gains, and defense, military, and non-bank financial sectors experienced declines [1] - The machine tool sector exhibited a mixed performance, with the Machine Tool ETF (159663.SZ) down by 1.68%. Notable gainers included Hengjin Induction up by 4.68%, Haimeixing up by 4.55%, and Qinchuan Machine Tool up by 3.87%, while Huachen Equipment and Zhejiang Haideman saw declines of 5.75% and 4.93% respectively [1] - IDC recently released a forecast predicting that the global robot market will exceed $400 billion by 2029, with China expected to account for nearly half of this market [1] Group 2 - Dongwu Securities highlighted that Nvidia is increasing its focus on humanoid robots and large models, with Tesla's Gen3 expected to be finalized between October and November, aiming for mass production in early 2026 and a target of 1 million units by 2030 [1] - The humanoid sector is anticipated to see rapid advancements in products, orders, and capital, with 2025-2026 expected to be a year of mass production both domestically and internationally, leading to a positive outlook for the humanoid sector and its core supply chain [1] - The Machine Tool ETF (159663) closely tracks the China Machine Tool Index, which encompasses critical areas of high-end equipment manufacturing, including laser equipment, machine tools, robots, and industrial control equipment, representing a core area for innovation-driven industrial upgrades [2]

Core Viewpoint - The rapid development of humanoid robot technology is establishing Chinese companies as leaders in the global trend towards commercialization and large-scale production [1] Group 1: Industry Outlook - Morgan Stanley has upgraded the target prices for all covered companies in the humanoid robot sector, reflecting significant improvements in factory automation and the robotics industry [1] - The report highlights the unprecedented speed of commercialization and scaling of humanoid robots, with a focus on the strong pricing power and cost control of Chinese companies [1] Group 2: Company Specifics - UBTECH's monthly production capacity for humanoid robots has increased to 300 units, with a target to deliver over 500 units this year, which is ten times the delivery volume in the first half of the year [1] - The company is identified as a preferred stock in the industry, with its target price raised from 135 HKD to 159 HKD, maintaining an "overweight" rating [1] Group 3: Market Environment - The regulatory environment and anti-competition policies are creating a sustainable competitive landscape for the humanoid robot industry in China [1]