交通运输 | 证券研究报告 — 行业周报 2025 年 8 月 22 日 行业高频动态数据跟踪： ①航空物流：2025 年 8 月期间，中国至亚太航线整体趋势平稳。②航运 港口：内贸集运运价指数上升，干散货运价下降。③快递物流：2025 年 6 月快递业务量同比上升 15.78%，快递业务收入同比增加 9.00%。④航 空出行：2025 年 8 月第二周国际日均执飞航班 1895.57 次，环比 +0.20%，同比+12.00%。⑤公路铁路：7 月 28 日-8 月 3 日，全国高速公 路货车通行 5259.3 万辆，环比下降 0.94%。⑥交通新业态：2025 年 Q2，联想 PC 电脑出货量达 1697 万台，同比上升 15.22%，市场份额环 比上升 0.9pct。 投资建议： 强于大市 交通运输行业周报 "武鄂"首条低空货运航线开通，上海口岸暑 运出入境客流持续高位 航运方面，原油运价低位震荡，欧美线集运运价继续下行。航空方面， Joby Aviation 实现全球首次载人 eVTOL 跨机场飞行，上海口岸暑运出入境 客流持续高位。物流与交通新业态方面，"武鄂"首条低空货运航线开通， 上半年国家铁路发 ...

Group 1: Investment Highlights - X Square Robot completed A-round financing of several hundred million yuan, led by Meituan's strategic investment, to accelerate the development of its general embodied intelligence model and robot body [2] - LeapFrog Technology raised over 200 million yuan in B-round financing, focusing on RISC-V architecture SoC chips and system solutions [2] - Jiangling Technology successfully completed B and B+ rounds of financing, with several well-known institutions participating, to enhance product development and production capacity in the semiconductor optical measurement equipment sector [3][4] Group 2: Company Profiles - X Square Robot, established in December 2023, focuses on developing general embodied large models and has completed seven rounds of financing, accumulating over 1 billion yuan [2] - Jiangling Technology, founded in 2018, aims to provide high-end optical measurement and testing equipment for global semiconductor clients and has established a strong reputation among major wafer and packaging factories [3][4] - Guochong Blood Technology specializes in pet blood products and services, leveraging human blood transfusion technology to address supply shortages and standardization issues in the pet medical field [6][7] Group 3: Future Plans and Market Strategies - X Square Robot plans to deepen its accumulation in model algorithms, data advantages, and product advantages to explore service loops in various scenarios [2] - Jiangling Technology aims to enhance its core technology through independent research and development, expanding its product matrix to cover various semiconductor fields [4] - Guochong Blood Technology is focused on building a standardized pet blood bank and developing customized treatment plans while exploring international expansion [8]