近期，"AI + 机器人" 领军企业极智嘉(2590.HK)捷报频传，继中标某知名电商巨头超 3 亿元物流机器人 项目后，再斩获多个亿元级订单，覆盖中国跨境快时尚电商、欧洲时尚快消、全球食品饮料及英国领先 零售企业等领域，累计订单金额已突破 10 亿元，订单增速超30%，全球多个项目落地，展现出强劲的 业务增长势头和卓越的全球市场渗透力。 超亿元订单大爆发 商业化实力持续夯实 极智嘉的订单强势增长并非偶然，而是长期技术积累与市场口碑的集中兑现。公司客户复购率持续攀 升，2025 年上半年已超 80%，众多全球大客户将其解决方案推广至全球网络，印证了产品与服务在全 球的认可度。 订单增长与财务健康形成闭环，规模化盈利路径已打通。2025 年上半年营收10.25 亿元，营收规模稳居 港股机器人板块收入首位，经调整 EBITDA 首次转正达 1162.1 万元，成为港股机器人赛道中首家达成 该盈利指标的企业，标志着公司商业化模式已进入良性循环。 全球化布局纵深推进，海外市场成增长引擎 近期，极智嘉的全球影响力正加速扩大，具体来看，欧洲市场，为北欧零售巨头 Søstrene Grene打造的 智能仓，应对品类扩张与业 ...

Core Insights - The article emphasizes that spatial intelligence is identified as the "next frontier of AI," which will drive the transition from "language intelligence" to "physical intelligence" [1] - Physical AI is becoming a foundational element for digital twins and embodied intelligence applications, with intelligent driving and embodied intelligence being the most promising areas [1] - Geek+ is recognized as a core player in the physical AI industry chain, particularly in the warehouse robotics sector, due to its understanding of industry know-how and physical processing logic [1] Physical AI Commercialization - The realization of physical AI relies on the collaboration of three key technologies: "world model, physical simulation engine, and embodied intelligent controller," with the latter being crucial for connecting virtual reasoning and physical execution [2] - Geek+ launched its "unmanned picking workstation" and full-process unmanned picking solution on October 28, leveraging physical AI to advance intelligent warehousing into a "truly unmanned" era [2] - The Geek+ model is driven by its self-developed embodied intelligent base model, Geek+Brain, which utilizes a "perception-strategy" layered architecture for optimal decision-making and physical execution [2] Market Position and Financial Performance - Geek+ has established itself as a leading core manufacturer in the physical AI industry chain, with a strong R&D team and a wide range of patents covering key areas such as robotics hardware and AI algorithms [3] - The company has a global presence with local teams in key markets, ensuring robust service capabilities and support for stable project implementation [3] - Geek+ achieved revenue of 2.41 billion yuan in 2024, maintaining its position as the top revenue-generating company in the Hong Kong robotics sector, with a 31% year-on-year growth in the first half of 2025 [3] Future Outlook - The founder and CEO of Geek+ indicated that after achieving full-process unmanned picking, the next goal is to tackle the technology for robotic packing, aiming for a fully automated warehouse [4] - The article concludes that the path to physical AI commercialization is clearly directed towards "technology implementation and scene cultivation," with Geek+ leading the way in this transformation [5]