新华财经南京6月19日电（记者刘巍巍）构建产业扶持培育政策体系，引进院所和创新机构，设立机器 人合作基金……服务机器人产量占全国六成以上、工业机器人产量占全国内资品牌七分之一的苏州市吴 中区，综合施策、精准赋能，打造机器人产业创新集群，集聚机器人及人工智能产业相关企业1100多 家，产业规模超过1600亿元。 短短1年多来，企业全尺寸通用人形机器人、四足机器狗等核心产品已实现量产及交付，拥有全球专利 150多项，产品在工业、商业、家庭等多个场景落地。 深耕智慧家居赛道，始创于1998年的科沃斯集团，扎根吴中区27年，现已发展成为拥有"科沃斯"和"添 可"两大国际知名科技品牌的上市公司，今年一季度实现营收38.58亿元，同比增长11.06%，净利润4.75 亿元，同比增长59.43%，旗下品牌产品行销全球约170个国家和地区，服务超过5000万家庭用户。 成立于2023年的哈尔滨工业大学（以下简称"哈工大"）苏州研究院，由哈工大、苏州市、吴中区共同建 设，自去年以来，相继推出液压人形机器人、加油站人形机器人、机器导盲犬等一批代表性整机产品。 哈工大苏州研究院依托自身雄厚的科研实力，推动科产深度融合，打造全周期、 ...

Core Viewpoint - The humanoid robot industry in Shanghai is rapidly evolving, driven by advancements in technology, data accumulation, and supportive government initiatives aimed at fostering innovation and collaboration among various stakeholders [10][14][15]. Group 1: Industry Development - The humanoid robot industry is leveraging Shanghai's high-end manufacturing base and the comprehensive supply chain in the Yangtze River Delta to accelerate its growth [9]. - A new 5,000 square meter heterogeneous humanoid robot training facility has been established in Shanghai, which is expected to generate a leading dataset of 10 million data points for the industry [10][11]. - The establishment of the OpenLoong community aims to lower research and development barriers by allowing global developers to share data, similar to the impact of the Android system on the smartphone industry [11][12]. Group 2: Investment and Funding - The Shanghai government is promoting "patient capital" to support long-term projects in the humanoid robot sector, with a focus on original and disruptive innovations [12][13]. - A 10 billion yuan fund has been set up to attract social capital for the humanoid robot industry, with various district-level funds also being established to support key areas such as embodied intelligence and large models [13][14]. - Notable companies like Fourier and Zhiyuan have secured significant funding, with Fourier raising nearly 800 million yuan in its E round and Zhiyuan's valuation soaring to 15 billion yuan after a B round led by Tencent [14]. Group 3: Application and Market Penetration - Humanoid robots are increasingly being integrated into various applications, serving as caregivers in hospitals, household assistants, and new employees in automotive factories, thereby enhancing efficiency and service quality [15][16]. - The industry is witnessing a surge in the development of humanoid robots, with companies like Zhiyuan and Fourier leading the charge in innovation and commercialization [14][15].

Market Performance - The Guosen humanoid robot index increased by 3.21% during the week (April 28 - May 2), outperforming the CSI 300 index by 3.64 percentage points and the Shanghai Composite Index by 3.7 percentage points, with a year-to-date increase of 16.5% [1][4] - Notable stock performances include: - Top Group up 1.83% - Sanhua Intelligent Control up 5.3% - Zhongding Seiko up 7.66% - Silver Wheel up 2.75% - Xiangxin Technology up 12.17% - S-Ling up 13.24% - Precision Forging Technology up 11.65% [1][4][7] Industry Dynamics - Chery delivered 220 humanoid robots globally for the first time, with Zhongding Seiko as a core component supplier [8] - Yushu's humanoid robot G1 completed a 13.2 km run in 118 minutes, showcasing its stability and endurance [9] - UBTECH signed a small batch humanoid robot procurement contract, marking a significant step in the humanoid robot industry [10] - Lingchu Intelligent released the Psi R1 model, enhancing autonomous decision-making capabilities in robots [11] - UPS is in discussions with Figure AI to deploy humanoid robots for specific tasks [12] - Digital Huaxia launched the world's first dual-mode humanoid robot, capable of switching between operational modes [13] - Strategic partnerships were formed between Magic Atom, Tianqi Automation, and the Wuxi government for humanoid robot applications [14] Government News - President Xi Jinping emphasized the need for Shanghai to become a global technology innovation hub during his visit [18] - The Shanghai Embodied Intelligence Fund was officially registered with a target size of 1 billion RMB [20] - Guangdong Province issued measures to stimulate market vitality and modernize the industrial system, focusing on key sectors including AI and robotics [21] - Guangxi announced the first batch of 16 "AI +" open scenarios for 2025, promoting the integration of AI with the economy [22] Financing Dynamics - Yinshi Robotics completed nearly 100 million RMB in B3 round financing [24] - IndustrialNext secured several million dollars in A round financing [25] - Minsheng Equity Fund led an investment in Faao Robotics [26] - Hangwei Intelligent received Pre-A round financing [27] - Jianzhih Robotics completed several million dollars in B1 round financing [28] - Beimi Sensor announced several million in B+ round financing [29]

风险提示： 行业政策风险，市场竞争加剧风险，新兴技术发展不及预期。 报告导读： 我们梳理了在低空经济、 AI 大模型、具身智能、智能驾驶等领域具备技术优 势和商业化潜质的广深"科技龙珠"企业，这些"科技新贵"在打破了国际科技巨头在某些核 心领域的垄断地位的同时，也有望引领中国科技资产走向重估。 投资建议： 近期杭州"七龙珠"的出圈，掀起了新一轮对科技自立、科技创新的关注热潮，而广深作为新 生代创业者的绝佳孵化地，同样为我国新兴科技产业孕育了大量创业企业。我们认为，广深"科技龙珠"作 为处于新技术领域前沿、在业内具有影响力的"科技新贵"，在打破了国际科技巨头在某些核心领域的垄断 地位的同时，也有望引领中国科技资产走向重估，继续维持计算机行业"增持"评级。 我们梳理了八家在低空经济、 AI 大模型、具身智能、智能驾驶等领域具备技术优势和商业化潜质的广 深"科技龙珠"企业，他们分别是大疆创新、自变量机器人、逐际动力、元象 XVERSE 、思谋科技、超参 数科技、元戎启行、黑格科技。 大疆创新专注于无人机、手持摄影设备等的生产和销售，在全球消费级无人机市场占据无可撼动的领先地 位，市场份额接近八成，此外，大疆通过旗下 ...