本文字数：1021，阅读时长大约2分钟 作者 |第一财经 乔心怡 人形机器人，或将迎来"H+A第一股"。 优必选（9880.HK）发布公告，以"协议转让+要约收购"的组合方式共收购深交所上市公司锋龙股份 （002931.SZ）93957518股，占锋龙股份公司股份总数43%。本次交易完成后，锋龙股份控股股东将由 诚锋投资变更为优必选，实际控制人由董剑刚变更为优必选创始人、董事会主席周剑。 2025.12.25 优必选在上市后就曾表示 "会积极关注并考虑包括在A股上市的各类可能性"。中关村物联网产业联盟副 秘书长袁帅告诉第一财经记者，优必选此次收购或意在借助多层次资本市场的协同效应，为企业全球化 布局和产业链延伸提供更多资源支持。 今年下半年以来，优必选在产业端的订单进展明显加快。12月中旬，美国德州仪器与优必选正式达成战 略合作，德州仪器已采购优必选的工业人形机器人Walker S2，并正在其生产线上进行部署和调试。此 后，优必选中标惠州市惠阳区人形机器人大湾区数据采集中心项目，金额达5962.015万元，中标产品全 部为优必选工业人形机器人Walker S2。 产能方面，根据优必选披露，Walker S2当 ...

天眼查App显示，近日，上海州顺机械零部件有限公司成立，法定代表人为周波，注册资本1万人民 币，经营范围为一般项目：机械零件、零部件销售；金属制品销售；金属材料销售；包装材料及制品销 售；五金产品批发；五金产品零售；塑料制品销售；机械设备销售。（除依法须经批准的项目外，凭营 业执照依法自主开展经营活动）。 ...

Core Insights - Yibin Snow Machinery Parts Co., Ltd. has been established with a registered capital of 1 million RMB [1] - The company is engaged in the sales of mechanical parts, metal products, black metal casting, hardware wholesale, production waste metal recycling, and sales of renewable resources [1] Company Overview - The legal representative of the company is Li Xuefeng [1] - The business activities are conducted in accordance with the business license, except for projects that require approval by law [1] - The company operates in sectors that are subject to special management measures as per national regulations [1]

Group 1 - A new company, Changzhou Zhenshun New Materials Technology Co., Ltd., has been established with a registered capital of 500,000 RMB [1] - The legal representative of the company is Chen Li [1] - The business scope includes manufacturing and sales of plastic products, rubber products, and hardware products, as well as processing and sales of mechanical parts [1]

Group 1 - A new company, Ganzhou Yuechen New Materials Co., Ltd., has been established with a registered capital of 100,000 RMB [1] - The legal representative of the company is Jin Xiaoming [1] - The business scope includes manufacturing and sales of synthetic materials, rubber products, and plastic products, as well as processing and sales of mechanical parts [1]

Group 1 - The current market rally is primarily driven by institutional investors rather than retail investors, with a focus on industrial trends and performance [1] - As products issued in 2020-2021 approach breakeven, a transition between old and new capital is expected, requiring new allocation themes for market continuation [1] - Recommended sectors for investment include resources, innovative pharmaceuticals, gaming, and military industries, with a focus on the consumer electronics sector in September [1] Group 2 - The outlook for the A-share market is highly optimistic due to capital market reforms, stable liquidity, improved social attitudes, and enhanced micro trading structures [2] - Multiple factors are expected to support the performance of Chinese assets, with a tactical overweight view on A-shares [2] - The acceleration of China's transformation and the decline in opportunity costs for the stock market are seen as key drivers for a "transformation bull" market [2] Group 3 - In light of the market reaching a 10-year high, the focus should be on sectors with the greatest marginal improvement in fundamentals for early positioning [3] - Key areas to watch include industrial metals and capital goods, benefiting from overseas manufacturing recovery and investment acceleration [3] - The long-term asset side of insurance is expected to benefit from a bottoming of capital returns, while brokerage firms are also highlighted as potential beneficiaries [3]

Group 1: Market Trends - A-shares have shown strong performance since August, driven by improved global manufacturing sentiment and rising domestic demand[3] - The overall valuation of the TMT and military sectors has reached historical highs, indicating limited room for further expansion[4] - The shift from small-cap growth represented by the National Index 2000 to large-cap growth represented by the ChiNext Index is evident, reflecting accelerated industry rotation[4] Group 2: Economic Indicators - The manufacturing sector's profitability is expected to improve, with the lower limit of net profit margins confirmed by February 2025[4] - As of July, the electricity consumption in the secondary industry has shown a continuous recovery for five months, indicating a positive trend in production activity[4] - The average ROE for non-financial companies in the A-share market is projected to improve in Q1 and Q2 of 2025, suggesting a broadening of profit recovery across sectors[4] Group 3: Investment Recommendations - Focus on sectors benefiting from overseas manufacturing recovery, such as industrial metals and capital goods, as they are expected to see increased demand[5] - The insurance sector is likely to benefit from capital returns reaching a bottom, alongside brokerage firms[5] - Opportunities in domestic demand-related sectors are emerging, particularly in food and beverage and electric equipment, as large-cap stocks begin to outperform[5] Group 4: Risks - There is a risk that domestic economic recovery may fall short of expectations, which could impact market performance[6] - A significant downturn in the global economy could also pose risks to the A-share market[6]

Group 1 - Four companies are scheduled for IPO meetings, including Jieka Co., Ltd. for the Sci-Tech Innovation Board, Fengbei Bio for the Shanghai Main Board, and Kema Materials and Nante Technology for the Beijing Stock Exchange [1][2] - Fengbei Bio plans to raise the most funds, with an expected amount of 750 million yuan, aimed at projects such as a new annual production of 300,000 tons of oleic acid methyl ester and 10,000 tons of industrial-grade mixed oil [1][3] - Jieka Co., Ltd. and Nante Technology are expected to raise 676 million yuan and 286 million yuan, respectively [1] Group 2 - Fengbei Bio's main business focuses on the comprehensive utilization of waste oil resources, with a secondary focus on oil chemical products [3] - Jieka Co., Ltd. specializes in the research, development, production, and sales of collaborative robot complete products, as well as robot system integration [4] - Nante Technology is engaged in the research, development, production, and sales of precision mechanical components, while Kema Materials focuses on the development and production of dry and wet friction materials [5]