每经记者|涂颖浩 潘婷 每经编辑|董兴生 近年来，随着人工智能的飞速进步，找到相应的智能化载体似乎成了全世界最紧迫的任务。而人形机器 人似乎仅凭其小露一手的"能跑善舞"等技能，就已占据了C位。 随着具身智能迅猛发展，人形机器人已从实验室演示迈向商业化应用，产业发展迈向新阶段。中国信通 院发布的《人形机器人产业发展研究报告2024》指出，人形机器人作为人工智能与机械工程的集大成 者，在生产制造、社会服务、特种作业等领域有广阔的应用前景。预计到2035年，我国整机市场规模有 望达到千亿元人民币。 然而，技术越先进，应用场景越复杂，也意味着潜在风险越多元化，与之相应的保险需求也就越紧迫。 在政策引导与市场需求双重催化之下，保险业正在迅速切入这一新兴赛道。 《每日经济新闻》记者注意到，今年9月份以来，平安财险、太保财险、人保财险等头部机构密集推出 具身智能专属保险产品，覆盖机器人本体损失、第三者责任、网络安全、数据泄露等多个维度。与此同 时，行业内外对风险管理机制、伦理边界、数据共享等深层次问题的探讨也日益深入。 在这片千亿元级蓝海中，保险不仅是风险兜底工具，更被赋予了推动产业生态健康发展的战略使命。 探索破局：从" ...

（文章来源：每日经济新闻） 广发证券指出，2025年机械设备及自动化设备行业受益于外需和"两新"（新兴产业、新型基础设施）相 关链条的驱动，工程机械、电工电网、能源设备等细分领域表现领先。新兴部门如AI产业链、高端装 备制造景气度高。设备工器具投资在2025年前10个月保持13%的高增速，反映大规模设备更新政策效果 显著，预计2026年该政策仍将对制造业投资形成支撑。 机器人产业ETF（159551）跟踪的是机器人指数（H30590），该指数聚焦于机器人产业相关企业，从市 场中选取从事机器人研发、制造及应用的上市公司证券作为指数样本，涵盖机械制造、电子设备和信息 技术等领域。指数配置突出技术创新与工业自动化趋势，旨在反映智能装备和自动化解决方案领域的整 体发展表现。 ...

21世纪经济报道记者洪晓文 陆跃玲 广州南沙报道 "十四五"收官之际，众多权威学者和企业家于11月18日现身广州南沙举办的第二十届中国经济论坛，聚 焦讨论一个关键问题：中国经济下一个五年怎么干。对内"产业创新"和对外"出海"几乎是所有与会人士 反复提到的共识。 近日发布的《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》（简称"十五五"规划建 议）提出，着力打造新兴支柱产业、前瞻布局未来产业，以及推动科技创新和产业创新深度融合， 为"十五五"时期现代化产业体系发展擘画蓝图。 对此，国务院发展研究中心党组成员、副主任隆国强在论坛上谈到，新一轮科技革命和产业变革为我国 高质量发展提供历史机遇，因地制宜发展新质生产力，推动现代化产业体系智能化、绿色化、融合化发 展，对实现中国式现代化具有重大意义。 中国金融四十人论坛学术顾问、重庆市原市长黄奇帆提出，中国在0~1的自主创新、原始创新方面， 1~100的科研成果产业化转化方面和100~100万的产业链集群创新方面均取得了重大成就。 对于许多企业而言，发展的空间不仅在国内制造业的"0～1、1～100、100～100万"的全链条跃升之中， 更多的机会在海外。隆国 ...

1至10月份，全国固定资产投资同比下降1.7%。国家统计局新闻发言人付凌晖说，扣除价格因素，固定 资产投资保持小幅增长，投资的实物工作量仍是增加的。尽管增速放缓，但投资结构在优化，前10个月 制造业投资同比增长2.7%。 权威解读｜从10月数据看中国经济增长点 国家统计局11月14日发布数据显示，10月份，生产供给基本平稳，就业总体稳定，物价有所改善，新动 能培育壮大，国民经济保持总体平稳、稳中有进发展态势。 生产供给继续增长。从农业看，秋粮面积稳中有增，单产持续提高，全年粮食丰收在望。从工业看，规 模以上工业增加值同比增长4.9%，保持总体稳定。其中，装备制造业增加值增长8%，明显快于规模以 上工业增长，对规模以上工业增长支撑作用明显。 中国首席经济学家论坛理事陈雳说，前10个月首先消费复苏跑出了加速度。此外，新质生产力开始挑大 梁，尤其是高技术产业投资呈现爆发性增长。新质生产力从概念角度加速转化为现实的产能，尤其是机 器人产业、高新技术产业、AI等一系列大发展带动了中国经济的高质量运行。 廖博说，本次新型政策性金融工具加大了对经济大省的支持力度，同时还支持了一批符合条件的重要行 业、重点领域民间投资项目。 ...

Economic Overview - The national economy is maintaining overall stability with a steady development trend, as indicated by the National Bureau of Statistics [1] - In October, the production supply remained stable, employment was generally stable, and prices showed improvement [1] Agricultural and Industrial Performance - Agricultural production is on the rise, with an increase in autumn grain area and continuous improvement in yield, indicating a promising harvest for the year [3] - The industrial sector saw a year-on-year increase of 4.9% in the added value of large-scale industries, with the equipment manufacturing sector growing by 8%, significantly supporting overall industrial growth [3] Investment Trends - Fixed asset investment decreased by 1.7% year-on-year from January to October, but after adjusting for price factors, there was a slight increase in real investment volume [5] - Manufacturing investment increased by 2.7% year-on-year during the same period, indicating an optimization in investment structure [5] Trade and Export Dynamics - In October, the total value of goods imports and exports grew by 0.1% year-on-year, with a slowdown in growth rate attributed to high base effects from the previous year [5] - Analysts suggest that the commitment to invest in Africa and Latin America may buffer export growth in the fourth quarter [5] Policy Measures and Economic Support - A new policy financial tool worth 500 billion yuan has been introduced to activate local government financial resources and expand effective investment [7] - This tool aims to enhance investment in key industries and support private investment projects, potentially improving the weak construction and installation sector within fixed asset investment [7] Future Economic Outlook - Despite facing risks and challenges, the long-term supportive conditions for the economy remain unchanged, with favorable conditions for achieving annual targets [9] - The focus on intelligent and green transformation in the "14th Five-Year Plan" is expected to enhance the technological content of the economy in the future [9]

Core Insights - The hydrogen energy industry in Sichuan is currently in a policy-driven phase, with significant support from the provincial government for infrastructure like hydrogen refueling stations and the promotion of hydrogen vehicles [1] - The "Enterprise Home" initiative by the Sichuan Economic and Information Technology Department aims to assist industrial enterprises in overcoming operational challenges and enhancing the business environment [2][3] - The operational data from the "Enterprise Home" indicates a strong demand for policy consultation and market expansion, with nearly 18,000 requests processed this year [2] - The Sichuan government has implemented a three-year action plan for the robotics industry, reflecting a commitment to technological advancement and innovation [1][2] Group 1: Government Support and Initiatives - The Sichuan Economic and Information Technology Department has established the "Enterprise Home" to provide direct support to businesses, addressing their needs proactively rather than reactively [3][4] - The province has seen a 7.3% profit margin for industrial enterprises since the start of the "14th Five-Year Plan," ranking it among the top ten economic provinces in China [5] - Sichuan has cultivated 1,819 national and provincial-level enterprise technology centers, leading in the western region of China [5] Group 2: Business Environment and Challenges - Companies in Sichuan have reported that the local business environment is favorable, with effective government policies aiding in tax refunds and operational stability [1] - The "Enterprise Home" has identified a significant number of requests related to product sales and market access, indicating ongoing challenges in cash flow for many businesses [2][3] - The initiative emphasizes building trust with enterprises to ensure a steady flow of engagement and support, rather than imposing administrative burdens [5]

Group 1 - The 2025 Offshore Wind Power Modern Industrial Chain Collaborative Action Conference and Dalian New Energy Industry Development Exchange Conference was held in Dalian, Liaoning on November 8 [1][2] - During the conference, a strategic cooperation agreement was signed between Dalian and the Three Gorges Group, and a list of technological challenges for offshore wind power was released, along with the establishment of the Offshore Wind Power Modern Industrial Chain Alliance [2] - Liaoning's Vice Governor and Governor Wang Xinwei highlighted the province's rich offshore wind resources, complete industrial ecosystem, strong innovation capabilities, and significant potential for large-scale utilization and high-quality development [2] Group 2 - In 2024, China added 4.04 million kilowatts of offshore wind power capacity, bringing the cumulative installed capacity to 41.27 million kilowatts, maintaining its position as the global leader for four consecutive years [3] - Liaoning has set a new development blueprint, planning to build 20 offshore wind farms with a total installed capacity of 13.1 million kilowatts during the 14th Five-Year Plan period [5] - The province aims to leverage its industrial foundation to become a global leader in wind power equipment manufacturing, with plans to develop two large offshore wind power bases exceeding 5 million kilowatts each and a manufacturing cluster with an output value exceeding 100 billion [5] Group 3 - The National Development and Reform Commission and the National Energy Administration recently issued guidelines to promote the scientific layout of offshore wind power and orderly development of nearshore and deep-sea wind power bases [6] - As China's offshore wind power industry accelerates its international expansion, Liaoning, a traditional industrial province, is expected to encounter new opportunities [7]

Group 1: Economic Development and Reform - Shandong emphasizes the need to focus on key areas and enhance efforts to ensure the effective implementation of annual reform tasks, aiming to stimulate economic development and create new advantages for high-quality growth [1][2] - The province aims to enhance the vitality of business entities, improve resource allocation efficiency, and optimize the economic development environment [1][2] Group 2: Steel Industry Upgrade - Shandong is focusing on high-end, intelligent, and green development in the steel industry, aiming to create a competitive advanced steel industry base [3] - The province has 17 steel smelting enterprises with a crude steel capacity of approximately 80 million tons, ranking third in the country [3] Group 3: International Cooperation - The "2025 Shandong and Multinational Companies Industry Ecosystem Cooperation Partners Dialogue" gathered over 60 foreign business associations and multinational companies, highlighting Shandong's commitment to deepening cooperation with global firms [4] - 25 key cooperation projects were signed, including 20 trade projects with a total import-export value of approximately $58.4 billion and 5 investment projects totaling about $2.9 billion [4] Group 4: Robotics Industry Development - Shandong's "Robotics Industry Technology Innovation Action Plan (2026-2028)" aims to establish 100 benchmark application scenarios for robotics by 2028, enhancing the province's position in the robotics technology sector [5] - The plan includes four key tasks focused on core technology, major product innovation, application expansion, and quality improvement in the robotics industry [5] Group 5: Cruise Industry Development - Qingdao has released a development plan for the cruise industry (2025-2035), aiming to establish itself as a leading cruise tourism destination in Northeast Asia [6] - The plan sets targets for receiving over 50 cruise ships and more than 200,000 inbound and outbound tourists by 2028, with further growth expected by 2035 [6][7]

Group 1 - The core point of the news is the performance and market position of Beijing Aerospace Shenzhou Intelligent Equipment Technology Co., Ltd., which saw a stock price increase of 5.02% to 26.38 CNY per share, with a total market capitalization of 18.935 billion CNY [1] - The company was established on September 4, 2007, and went public on May 15, 2015. Its main business areas include safety detection and maintenance systems for railway vehicles, intelligent testing and simulation systems, and automation equipment for the nuclear industry and special environments [1] - The revenue composition of the company is as follows: 51.56% from nuclear industry and special environment intelligent equipment systems, 30.33% from intelligent testing and simulation systems, and 22.84% from railway vehicle safety detection and maintenance systems [1] Group 2 - The top circulating shareholder of Aerospace Shenzhou is the E Fund's ETF, which entered the top ten shareholders in the third quarter, holding 11.4152 million shares, accounting for 1.61% of circulating shares, with an estimated floating profit of approximately 14.3831 million CNY [2] - The E Fund's ETF (159530) was established on January 10, 2024, with a latest scale of 13.315 billion CNY. It has achieved a return of 30.16% this year, ranking 1620 out of 4216 in its category, and a return of 37.04% over the past year, ranking 1045 out of 3901 [2]

Core Points - The stock of Aerospace Intelligent Equipment increased by 5.05%, reaching 25.80 CNY per share, with a trading volume of 793 million CNY and a turnover rate of 4.45%, resulting in a total market capitalization of 18.518 billion CNY [1] - The company, Beijing Aerospace Shenzhou Intelligent Equipment Technology Co., Ltd., was established on September 4, 2007, and went public on May 15, 2015. Its main business includes safety detection and maintenance systems for railway vehicles, intelligent testing and simulation systems, and automation equipment for the nuclear industry and special environments [1] - The revenue composition of the company is as follows: 51.56% from nuclear industry and special environment intelligent equipment systems, 30.33% from intelligent testing and simulation systems and micro-system control components, and 22.84% from railway vehicle safety detection and maintenance systems [1] Shareholder Information - Among the top ten circulating shareholders of Aerospace Intelligent Equipment, one fund from E Fund Management, the E Fund National Robot Industry ETF (159530), entered the list in the third quarter, holding 11.4152 million shares, which accounts for 1.61% of the circulating shares. The estimated floating profit today is approximately 14.1548 million CNY [2] - The E Fund National Robot Industry ETF (159530) was established on January 10, 2024, with a latest scale of 13.315 billion CNY. Year-to-date returns are 33.74%, ranking 1527 out of 4216 in its category; the one-year return is 47.4%, ranking 832 out of 3896; and since inception, the return is 55.15% [2] - The fund managers, Li Shujian and Li Xu, have managed the fund for 2 years and 58 days, and 2 years and 345 days respectively. Li Shujian's fund has a total asset scale of 20.057 billion CNY with the best return of 107.49% and the worst return of -1.89% during his tenure. Li Xu's fund has a total asset scale of 26.841 billion CNY with the best return of 140.47% and the worst return of 3.71% during his tenure [2]