以下为研究报告摘要： 报告要点： 国元证券近日发布人形机器人产业周报：2025年8月17日至8月22日，人形机器人概念指 数上涨4.71%，相较沪深300指数跑赢0.53pct；年初至今累计涨跌幅来看，人形机器人概念 指数上涨68.52%，相较沪深300指数跑赢53.92pct。上海市发布《上海市加快推动"AI+制 造"发展的实施方案》。其中提出，建设"AI+制造"工厂，推进以人形机器人为代表的多类型 具身智能在典型场景中的实用化部署。 投融资方面，视比特机器人完成亿元级B+轮融资，本轮融资由一村资本旗下的比特淞 灵基金独家投资；首形科技完成新一轮融资，本轮由顺为资本领投，老股东招商局创投、深 创投、智元机器人超额加注，奇绩创坛、五源资本追投。 重点公司方面，雅创电子表示公司代理的电源模块已实现向META间接批量供货；盛视 科技公告称拟投资设立全资子公司，旨在将AI、人形机器人技术与潮玩创新结合；信质集 团公告称与核心客户XD的合作持续深化，进一步拓展关节模组合作。 周观点 8月18日，智元机器人正式推出三款四足机器人产品——聚焦文娱商演与教育科研领域 的D1Pro、D1Edu，以及面向工业级应用的D1Ult ...

Group 1 - The core viewpoint is that the home scenario represents a trillion-dollar market for the robotics industry, but there are high requirements for safety, cost, and skills, necessitating a gradual approach to development [1] - The company showcased its robot family at the 2025 World Artificial Intelligence Conference, with a 300 square meter booth featuring various models demonstrating "movement, interaction, and operation" across different scenarios [1] - The company has two representative clients: a collaboration with China Mobile to create a humanoid bipedal robot for exhibition guidance, and a partnership with Chery in the automotive sector [2] Group 2 - The company received numerous orders for intelligent embodied robots after a live broadcast of factory operations, with these orders primarily in the tens of millions, focusing on tasks like container transfer [2] - The company follows a "first easy, then difficult" principle in scene implementation, starting with simpler tasks like container transfer before tackling more complex scenarios like material sorting [2] - The core of embodied intelligence is "full-stack capability," integrating hardware, algorithms, and scene fusion, which is essential for enhancing robot capabilities [3] Group 3 - The company aims to accumulate data from industrial scenarios to iterate algorithms, eventually penetrating the home market, with initial tasks including light household chores like collecting clothes and making beds [2][3] - The company emphasizes that if a robot priced at 100,000 yuan can only perform one task at home, users will not be willing to purchase it, highlighting the need for multifunctionality [3] - The company plans to open the function for users to summon robots via mobile phones, with significant progress expected from this year onward [2]