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） 标题点睛： 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。 据央视财经援引路透社报道，美国总统特朗普9月1日表示，在美国上周对印度实施50%关税后，印度提出将对美国商品的关税降至零，但这已经太晚了。 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。 每经记者｜陈晴 每经编辑｜程鹏 陈鹏程 王晓波 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%，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 ...

青岛银行：国信产融拟增持至19.99%；天普股份：如股价进一步异常上涨 可能申请停牌核查。 【财经日历】 九三阅兵 第十届东方经济论坛于9月3日至6日在俄罗斯符拉迪沃斯托克举行。 | 树 盘前必读 | // 外盘怎么样 // | | | | --- | --- | --- | --- | | 名称 | 现价 | | 涨跌幅 | | 道琼斯工业指数 | 45295.81 -249.07 -0.55% | | | | 纳斯达克指数 | 21279.63c -175.92 -0.82% | | | | 标普500 | 6415.54 -44.72 -0.69% | | | 当地时间周二，美股三大指数集体收跌，截至收盘，道指跌0.55%，标普500指数跌0.69%，纳指跌0.82%。 大型科技股多数走弱，英伟达收跌1.95%，盘中跌破50日均线，技术面转弱。亚马逊跌1.60%，特斯拉跌1.35%，苹果跌1.04%，谷歌、Meta、微软至多跌 0.73%。 板块表现方面，房地产板块跌幅居前，标普500地产板块指数下跌1.7%，美国30年期国债收益率升至7月中旬以来高点，一度触及4.999%。 热门中概股表现分化，纳斯达 ...

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。 量产的火花，首先点燃了上游关键材料。8月以来，稀土市场迎来一轮涨价潮，主要品种价格普遍上涨 超10万元/吨，部分企业排产已排至10月中旬。行业人士分析，除了出口管控趋严外，市场需求的持续 扩张，正在推动供需格局趋紧。 人形机器人量产再提速 在特斯拉第二季度财报电话会上，马斯克明确表示，将在今年年底发布Optimus V3量产版。相比2023年 以来内部使用的V2版本，V3版本将集成Grok语音助手，并通过大模型实现自然交互。这意味着，特斯 拉人形机器人正从研发测试跨向量产落地。 这一信号与国内市场的热度形成呼应。今年以来，多家中国人形机器人企业动作频频。优必选中标觅亿 9051.15万元采购项目，刷新了全球单笔最大订单纪录，并宣布今年将交付500台工业人形机器人。智元 和宇树分别中标中移杭州项目，项目预算高达1.24亿元；宇树的IPO辅导备案也已完成，智元被传正谋 划"借壳"上市。与此同时，众擎、数字华夏等企业也向记者表示，正在推进数百台规模的量产计划。 资本市场同样热情高涨。京东在一天之内投资3家具身智 ...

Core Viewpoint - UBTECH Robotics has signed a strategic partnership agreement with Infini Capital, securing a total strategic financing credit line of $1 billion to enhance its operations and market presence [1] Group 1: Strategic Financing - Infini Capital will provide UBTECH with a total of $1 billion in strategic financing, which includes methods such as participation in placements, subscription to convertible bonds, and granting cash withdrawal rights [1] - The partnership aims to leverage both parties' strengths to foster growth and innovation in the humanoid robotics sector [1] Group 2: Shareholding and Investment Plans - Infini Capital plans to increase its stake in UBTECH, targeting a shareholding of no more than 5% [1] - The collaboration will focus on investing in the upstream and downstream supply chain of humanoid robots, assisting UBTECH in building a robust ecosystem [1] Group 3: Market Expansion and Development - Infini Capital will utilize its previous investments in the AI and robotics sectors to help UBTECH develop more advanced and cost-effective humanoid robots [1] - The partnership includes plans to establish a joint venture in the Middle East, with intentions to set up a super factory, research center, and regional headquarters to promote Chinese humanoid robots globally [1]

【深圳商报讯】（首席记者 袁静娴）日前，优必选与国际知名投资机构Infini Capital正式签署战略伙伴 合作协议。 国际知名投资机构Infini Capital双总部分别位于阿联酋阿布扎比和中国香港。 双方利用各自优势，还达成多项产业战略合作内容：Infini Capital计划在合适时机增持优必选股票，目 标成为优必选不超过5%持股比例的重要股东；双方联手投资人形机器人上下游产业链，协助优必选打 造生态圈；Infini Capital充分利用之前所投人工智能和机器人产业链企业，协助优必选打造功能更强、 成本更低的人形机器人；同时，协助优必选开拓中东市场，成立中东合资公司，计划在中东建立超级工 厂和研发中心以及中东总部，共同推动中国人形机器人走向世界。 根据合作协议，Infini Capital旗下高新技术基金为优必选提供一笔总额为10亿美元的战略融资授信额 度，融资方式包括参与配售、认购可转债、授予现金提款权等。 ...

Group 1 - Yushu Technology plans to submit an IPO application between October and December 2025, with operational data to be disclosed at that time [1] - In 2024, sales of quadruped robots, humanoid robots, and component products are expected to account for approximately 65%, 30%, and 5% of total sales, respectively [1] - About 80% of quadruped robots are used in research, education, and consumer fields, while the remaining 20% are utilized in industrial applications such as inspection and firefighting [1] Group 2 - xAI has filed a lawsuit against a former employee for allegedly stealing the entire codebase before joining OpenAI [2] - The former employee resigned from xAI on July 28, 2023, and uploaded relevant data to a personal system three days prior to leaving [2] Group 3 - SenseTime has announced that all generative synthesis services provided to the public will include explicit and implicit identifiers to comply with regulatory policies [3] - Users of SenseTime's AI service platform are prohibited from maliciously deleting, altering, or concealing identifier information from AI-generated content [3]

Core Insights - UBTECH Robotics, known as the "first stock of humanoid robots," reported a revenue of 621 million yuan for the first half of 2025, marking a year-on-year increase of 27.5%, while the loss narrowed to 440 million yuan, a reduction of 18.5% [2] - The company's performance is largely supported by its consumer and educational robot segments, which have shown strong growth despite challenges in the industrial robot sector [2][3] Consumer and Educational Business Growth - Revenue from consumer robots and other hardware reached 260 million yuan, up 48.9% year-on-year, accounting for 41.8% of total revenue, making it the largest business line for the first time [3] - The educational robot segment also rebounded, generating 240 million yuan in revenue, a 48.8% increase, driven by the establishment of standardized AI education bases and the expansion of robotics competitions [3] Industrial Robot Sector Challenges - The industrial robot segment faced difficulties, with logistics robot revenue declining by 5.7% to 56.16 million yuan, and custom industrial robots down 29.8% to 63.8 million yuan [4] - This shift in revenue sources highlights the challenges of commercializing humanoid robots, as the more mature consumer and educational products continue to provide stable cash flow [4][5] R&D Investment and Financial Strategy - UBTECH invested 218 million yuan in R&D, representing 35.1% of its revenue, indicating a strong commitment to innovation [6] - The company has seen a significant drop in government subsidies, from 35.8 million yuan in the previous year to 4.6 million yuan, emphasizing the need for improved self-sustainability [6] Technological Advancements and Future Plans - Despite short-term pressures, UBTECH continues to innovate, with the new Walker S2 robot achieving rapid battery swapping capabilities, potentially enabling continuous operation in industrial settings [7] - The company has signed a small-scale procurement contract for industrial humanoid robots, although details on the contract's value remain undisclosed, indicating ongoing challenges in scaling production [7] Cost Management and Strategic Shift - UBTECH has successfully reduced sales and management expenses as a percentage of revenue, from 47.9% and 44.1% to 36.0% and 29.8%, respectively [8] - The company is shifting towards a platform-based strategy, aiming to standardize its offerings and reduce costs by developing modular technologies for various applications [8]

Core Insights - Investor Zhang Jianping has gained significant attention in the market due to his successful investments in the AI and robotics sectors, with a total holding value of 5.096 billion yuan across nine A-share listed companies as of June 30 this year [1][2]. Group 1: Investment Focus - Zhang Jianping has heavily invested in the AI industry chain, robotics, and new energy sectors, with notable stock purchases in companies like Zhejiang Rongtai, Longxi Co., and Rongtai Co. [1][2]. - The stock prices of several companies in which Zhang has invested have surged, with some stocks showing increases of over 200% and 100% year-to-date [1]. Group 2: Stock Performance - Zhejiang Rongtai, a leader in the field of new energy and humanoid robots, has seen its stock price increase by over 287% this year, with a nearly 87% rise in the third quarter alone [3]. - Rongtai Co. has also made strategic acquisitions to enter the core components market for humanoid robots, further enhancing its growth potential [3]. - Zhang Jianping's investment in Rongtai includes 10.00% increase on September 2, with a holding value of 5.05 billion yuan [2]. Group 3: Other Notable Investments - Zhang Jianping purchased 4.67 million shares of Rongtai Co., with a holding value of 2.06 billion yuan, and the stock has increased by over 168% this year [5]. - Longxi Co., in which Zhang holds 5.21 million shares valued at 1.26 billion yuan, has also seen a stock price increase of approximately 196% this year [7]. - Zhang's investment in Ningbo Huaxiang, with 6.16 million shares valued at 1.13 billion yuan, has resulted in a stock price increase of around 139% year-to-date [8]. Group 4: AI Sector Investments - Zhang Jianping's significant investment in Cambricon Technologies, a leading domestic AI computing chip company, has been a highlight of his investment strategy, with a holding value of 3.661 billion yuan [14][15]. - Cambricon's stock price has experienced a strong rebound, increasing by 196.81% in a short period, driven by its impressive financial performance, including a revenue increase of 4347.82% year-on-year [17]. - Zhang also invested in Huibo Yuntong, acquiring 3.87 million shares valued at 1.67 billion yuan, with the stock showing a year-to-date increase of approximately 155% [17].

Market Overview - The market experienced fluctuations with the ChiNext index leading the decline, while the total trading volume in the Shanghai and Shenzhen markets reached 2.87 trillion yuan, an increase of 125 billion yuan compared to the previous trading day [1] - Over 4,000 stocks in the market saw declines, with sectors such as banking, precious metals, robotics, and oil showing the most significant gains [1] Industry News - The "High-Quality Standard System Construction Plan for Industrial Mother Machines" was officially issued by two departments, leading to a surge in the industrial mother machine concept stocks, with companies like Hengjin Induction, Huadong CNC, and Bojie Shares hitting the daily limit [1] - The robotics sector also experienced a boost from this news, with Zhejiang Rongtai reaching a historical high and other companies like Top Group, Longxi Shares, and Qin Chuan Machine Tool also hitting the daily limit [1] Company Updates - Kedi Shares announced that its robotics-related business is still in the development stage and will not generate revenue in the short term, which is not expected to significantly impact the company's performance [2] - Seres reported that its August new energy vehicle production reached 43,069 units, a year-on-year increase of 19.38%, while sales were 43,262 units, up 19.57% year-on-year [3] - Junshi Biosciences received approval for clinical trials of its JT118 injection, a "two-in-one" recombinant protein vaccine aimed at preventing monkeypox virus infection, marking a significant development as no such vaccine has been approved in China yet [4]

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 ...