henry 发自 凹非寺 量子位 | 公众号 QbitAI 火爆，今年的CES相比以往更火爆，而且在AI浪潮下，最火爆的莫过于 具身智能 。 走到现场就能直观感受到，具身智能正加速涌入家用场景，家庭化量产的信号已经清晰可见。 没错，就是那个以家用机器人为人熟知的追觅，带来了多款「具身智能」产品。 在CES现场看过产品后，不少观众还得出来一个令人惊叹的结论，这可能会是具身智能家庭化量产进程里最快的公司。 给家电安上胳膊和腿，不性感，但有效 这年头的家用机器人，已经开始成精了，这是今年追觅CES展台给人最直观的感受。 从外形上看，它们依然仍采用家电形态，但不少产品，已经拥有了AI智能大脑的能力，能够自主决策与执行任务，"腿"和机械臂逐渐开始成为 标配。 换句话说，这是一批"长出腿脚的家电"。 它们已经不再局限于执行单一的家务，而是基于具身智能技术朝多功能的家庭服务机器人迈进。 AI具身智能洗护机器人 在这批新品里，最先让人围观驻足的，当属追觅的 AI具身洗护机器人 。 而且，它不只是能自己搞定抓衣服、放洗衣机、进烘干机这一套，还能摸清家里的环境，记着用户的使用习惯。 相较之下，过去一些人形机器人只能完成"把衣服放 ...

石头科技表示，G-Rover是首款采用双轮腿架构的扫地机器人。不同于传统轮式结构，G-Rover的每条轮 腿均具备独立伸展、升降与高度调节能力，可根据地面变化实时调整姿态，在复杂环境中保持机身稳 定。 石头科技称，凭借轮腿结构与AI算法的深度融合，G-Rover能够独立升降每条轮腿，执行小幅跳跃、灵 活转向、急停与方向变换等动作，并在楼梯、斜坡、多级门槛等传统清洁"盲区"中自主移动与清扫。在 软件层面，G-Rover结合运动传感器与3D空间信息，通过人工智能算法实时理解环境变化，并精准控制 轮腿动作。 据石头科技介绍，此次CES上，公司发布了首款轮足扫地机器人G-Rover，成为本届展会家用机器人领 域受关注的技术突破之一。除G-Rover之外，石头科技还展示了多款智能清洁新品，其中包括2026年将 推出的扫地机器人产品：G30S Switch、G30S Pro。 中证报中证网讯(记者张兴旺)1月6日，2026年国际消费类电子产品展览会(CES)在美国拉斯维加斯拉开 帷幕。在本届CES上，石头科技携多款创新产品亮相，并与皇家马德里足球俱乐部达成深度战略合作。 ...

1月5日晚，中央电视台《新闻联播》报道中共中央政治局常委、国务院总理李强1月3日至5日在广东调研，在深圳市与部分科技企业、政府有关部门负责人 座谈交流。他强调，今年是"十五五"开局之年，希望广大企业抢抓机遇、锐意创新，努力实现更大发展，为经济稳中向好注入强劲动能。作为优秀企业家代 表，云鲸智能创始人兼CEO张峻彬受邀出席本次座谈会。 据了解，此前，央视《新闻联播》曾报道优秀出海企业代表云鲸智能海外业务增速明显，2024年1-9月份海外业务营收同比增长近700%，产品热销30多个国 家和地区。云鲸智能两次登上央视《新闻联播》，充分展现了中国智造的硬核技术实力，以及中国创新在全球市场中广阔的发展潜力。 公开信息显示，云鲸智能创立于2016年，是一家立足家用机器人领域、致力于研发革命性科技产品的公司，是国家高新技术企业、国家专利密集型产品备案 认定试点平台、广东省智能清洁机器人工程技术研究中心、2023年度深圳市知识产权优势单位，已连续三年被评为中国科技机器人企业50强，连续五年登上 胡润全球独角兽企业榜。在短短几年间，云鲸实现了从0到独角兽企业的蜕变，成为全球TOP5智能清洁品牌，服务超400万用户。 扫地机市占 ...

本届CES大会主题围绕机器人技术，会议主办方为这一品类专门设置了展区。但高昂价格和实用性问题 仍是阻碍大规模应用的关键，公司去年推出的机械臂产品在市场上反响平平。 续航和应急能力疑问 Rover通过结合人工智能、多个运动传感器和3D空间信息进行导航。 据彭博报道，在周二发布前的媒体演示中，它成功爬上了几级台阶、从斜坡滚下并完成了一次小跳跃。 公司发言人表示，这一动作可用于下楼或绕过某些障碍物。 然而，与之前的Z70类似，Rover在用腿站立时移动缓慢，比始终贴近地面的常规扫地机器人更慢。石 头科技也未透露设备单次充电可使用多长时间。 从精心安排的演示中无法立即看出Rover跌倒后会发生什么，以及它是否能在没有人类帮助的情况下自 行调整方向。 石头科技推出能够爬楼梯的扫地机器人，试图在去年机械臂产品遇冷后重振其家用机器人战略。 周二，石头科技在本届科技大会CES上展示了一款配备双腿、能够爬楼梯的概念产品。 这款名为Saros Rover的设备是首款配备双轮腿的机器人吸尘器，两条腿可以独立升降，使其能够爬楼 梯、穿越不平整表面，并在行进中实现急停和小幅转向。 除了石头科技销售的家用电器类产品，多个品牌将在CES上 ...

Macro Overview - The National Development and Reform Commission has announced the early batch of "two heavy" projects and central budget investment plans for 2026, totaling approximately 295 billion yuan, with 220 billion yuan allocated for infrastructure projects [9][10] - The government is focusing on enhancing domestic demand, increasing investment in new productive forces, and promoting employment and income growth [10][11] Industry Insights Media - The gaming sector is identified as a significant application area for brain-computer interfaces (BCIs), with potential for growth as technology matures [30] - Companies like 37 Interactive Entertainment and Century Huatong are actively investing in BCI-related projects, indicating a trend towards integrating gaming with advanced technologies [30][32] Defense and Aerospace - The military industry index has seen a 9.24% increase, outperforming the broader market, with current PE-TTM at 78.44 times, indicating a relatively high valuation [34] - Recent geopolitical events, including U.S. military actions in Venezuela, are expected to impact the defense sector positively [34][35] Automotive - The automotive supply chain is well-positioned for the development of humanoid robots, leveraging existing technologies and manufacturing capabilities [39] - Companies like Tesla are leading in humanoid robot development, with significant advancements expected in 2026 [40][41] - The valuation of automotive companies is shifting towards a technology-driven model, reflecting their growing focus on AI and robotics [41][42] Chemical Industry - The company is projected to achieve a net profit of 96 to 110 million yuan in 2025, representing a year-on-year growth of 50.6% to 72.56% [53] - The domestic potassium carbonate market is expected to see improved profitability due to a favorable supply-demand balance [54] - The company is also investing in the production of PEEK, a high-performance polymer, which could enhance its growth potential [57] Retail and Consumer Services - The retail sector is experiencing significant growth, with companies like Hema and Sam's Club expanding rapidly [50][51] - The tourism sector showed strong performance during the New Year holiday, with a notable increase in domestic travel and spending [47][48]

点击下方 卡片 ，关注" 具身智能 之心 "公众号 云鲸创立于2016年，是一家立足家用机器人领域、致力于研发革命性科技产品的公司，已连续三年被评 为中国科技机器人企业50强，连续五年登上胡润全球独角兽企业榜。 目前国内市场已完成全国超20个省份、70个城市的线下布局，授权零售网点超500个。与此同时，云鲸加 速推动品牌全球化进程，产品已走进全球50多个国家和地区，覆盖北美、欧洲、日本、韩国、澳大利 亚、东南亚等多个市场，已合作进入欧洲超5000家线下门店，北 美市场已进入Best Buy、Costco等大型 KA近300家线下门店，全球用户突破400万。2025年第二季度， 云鲸扫地机器人全球出货量达52.42万 台，以8.5%的市场份额首次位居全球第五，成为中国企业出海名片之一 。 云鲸智能具身团队，招募具身VLA算法专家/强化学习专家/模仿学习专家、机械臂规划算法专家，优秀也 可以谈TL角色哦。薪资open可谈，感兴趣的同学可以扫码咨询哦～ 具身智能算法VLA/多模态大模型算法（专家岗） 职位描述 1、负责研发面向双臂机器人在真实环境下完成复杂物理任务的多模态决策模型，推动机器 人VLA（视 觉-语言- ...

IT之家查询云鲸官网获悉，云鲸创立于 2016 年，官方宣传称是一家立足家用机器人领域，致力于研发革命性科技产品的创新企业。该公司目前拥有扫地机 器人、手持洗地机等产品线。 IT之家 12 月 10 日消息，据经济观察报 12 月 8 日报道，针对网传的"九阳计划收购云鲸"消息，云鲸创始人兼 CEO 张峻彬通过全员信否认了传闻，称公司资 本市场团队正在全力以赴地为香港上市做最后的冲刺准备。 "在这个时候，一定会有外部合作方提出'收购''战略投资'的意向，但我们会继续高速推进上市，决心不变。"张峻彬称，网上谣言更多是有人有意为之，动 摇军心，"即使真有大事，也会及时与大家沟通。" 张峻彬还在这封全员信里更新了云鲸的资本化进展：今年 4 月完成了由腾讯与北京机器人产业基金联合领投的 1 亿美元融资；公司估值已突破百亿；员工期 权池加起来比其个人股份还高。 ...

Core Viewpoint - iRobot, once a leader in the home robotics market, is on the brink of bankruptcy due to intense market competition and financial distress [1][3][4]. Financial Situation - As of December 1, iRobot has only $24.8 million in cash reserves against total liabilities exceeding $350 million, with its largest creditor being Santrum Hong Kong Co., a subsidiary of its long-term manufacturer, SJC Robotics in Shenzhen [3][10]. - A recent SEC filing revealed a fundamental change in iRobot's debt structure, with Santrum acquiring approximately $190.6 million in unpaid loans, making it the new largest creditor [10][11]. Market Dynamics - iRobot's decline illustrates the harsh realities of market and technological evolution, with competitors like Ecovacs, Roborock, and Xiaomi rapidly catching up in key technologies [4][6]. - The failure of Amazon's $1.7 billion acquisition of iRobot in early 2024 due to antitrust reviews significantly impacted the company's financial stability and led to major internal restructuring [6][11]. Role of Santrum Robotics - Santrum Robotics has transitioned from a mere supplier to a critical player in iRobot's future, holding both creditor and supplier roles, which grants it significant negotiating power [12][14]. - Santrum has provided temporary relief by extending key debt covenant waivers until January 15, 2026, but this does not resolve iRobot's underlying issues [15]. Strategic Implications - The acquisition of iRobot's debt by Santrum is seen as a strategic move to leverage iRobot's established technology and brand recognition for its own global expansion [16][18]. - If iRobot goes bankrupt, Santrum's position as a creditor may not guarantee priority in asset recovery, posing a risk to its investment [18]. Conclusion - iRobot's fate is now closely tied to negotiations with Santrum, which will determine whether the company can restructure, sell, or pivot away from bankruptcy [19].

盈利下滑图表 目前， iRobot 的命运悬于一线。根据贷款条款， Santrum Hong Kong Co. 要求 iRobot 必须在 2026 年 1 月 15 日前完成审计财报，并维持一定水平的核心资产，原定于 10 月 28 日支付的 510 万美元利息 已获得暂缓。但如果 iRobot 未能在期限内达标，且 Santrum 不愿延长豁免期，杉川机器人将有权直接查 封公司资产，届时 iRobot 将不可避免地进入破产程序。 iRobot 在 SEC 文件中也坦言， " 正在进行的战 略替代方案评估极有可能只能通过破产程序完成 " ，这意味着一旦进入破产流程，债权人和股东可能无法 获得任何回报，这家拥有数十年历史的消费机器人品牌或将面临关闭风险。 从全球销售超 5000 万台系统的行业标杆，到如今负债高企、濒临破产， iRobot 的陨落不仅是一家企业 的经营困境，也折射出家用机器人市场竞争格局的剧烈变动。在技术迭代加速、市场竞争白热化的当下， 如何平衡创新速度、定价策略与市场需求，成为所有科技消费品企业必须面对的生存课题。 商务合作 曾是全球家用机器人领域标杆的 iRobot ，如今正遭遇成立以来最 ...

Core Insights - The company reported a decline in revenue and net profit for the first three quarters of 2025, with revenue at 1.852 billion yuan, down 15.49% year-on-year, and net profit at 159 million yuan, down 50.53% year-on-year [1] - The company is facing challenges due to tariffs and trade conflicts, with approximately 25%-30% of its revenue coming from major U.S. brand clients [2] - The company is accelerating the establishment of its production base in Vietnam to mitigate the impact of U.S.-China trade tensions and expand its market presence in the U.S. [2] Financial Performance - For Q3 2025, the company achieved revenue of 712 million yuan, a year-on-year decrease of 4.33%, and net profit of 66 million yuan, down 34.10% year-on-year [1] - The gross profit margin for the first three quarters of 2025 was 33.12%, a decrease of 2.28 percentage points year-on-year, while the Q3 gross profit margin was 32.48%, down 3.03 percentage points year-on-year [3] - The net profit margin for the first three quarters of 2025 was 8.57%, down 6.07 percentage points year-on-year, and for Q3, it was 9.21%, down 4.16 percentage points year-on-year [3] Strategic Developments - The company is entering the robotics sector, focusing on both B2B and consumer-grade robots, with plans to launch products in Q4 2025 and participate in exhibitions in H1 2026 [2] - The robotics business aims to create a new growth driver, with a focus on logistics and care service robots for B2B applications, and consumer robots for C-end markets [2] - The company has completed the planning and design of its robotics business and is currently in the development and validation phase [2] Future Outlook - Revenue projections for 2025-2027 are estimated at 3.047 billion yuan, 3.427 billion yuan, and 3.867 billion yuan, with year-on-year growth rates of 1.06%, 12.48%, and 12.83% respectively [4] - Net profit projections for the same period are 312 million yuan, 366 million yuan, and 482 million yuan, with growth rates of -30.12%, 17.46%, and 31.49% respectively [4] - The company is expected to maintain a PE ratio of 52.07x for 2025, with a target price of 37.52 yuan, maintaining a "Buy-A" investment rating [4]