每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 江海证券指出，国内人形机器人商业化步伐加快，头部企业持续释放利好。优必选近期接连斩获大 额订单，在手订单金额已达近4亿元；智元、慧智物联等企业也积极推动人形机器人在不同场景的应用 落地，订单合同逐步形成。海外市场方面，Figure获得10亿美元融资，特斯拉发布Optimus 3最新进展， 产品迭代升级显著。在政策支持与产业链企业合作加快的背景下，人形机器人产业有望进入快速发展 期。 工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取涉及机床整 机制造、数控系统、关键零部件供应等业务的上市公司证券作为指数样本，覆盖机械设备、电子、新能 源及机器人等领域。指数聚焦于中国机床产业链核心环节，旨在反映机床产业上市公司证券的整体表 现，兼具盈利稳健性和技术创新成长性特征。 没有股票账户的投资 ...

注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参 考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险 等级相匹配的产品。基金有风险，投资需谨慎。 江海证券指出，国内人形机器人商业化步伐加快，头部企业持续释放利好。优必选、智元等企业相 继斩获大额订单，优必选在手订单金额已达近4亿元，智平方与慧智物联达成战略合作，计划部署超 1000台具身智能机器人。傅利叶人形机器人GR-3开启预售并计划交付。海外方面，Figure获10亿美元融 资，特斯拉Optimus 3在抓握精度和操作灵活性上显著提升。国家及地方政府持续加码支持，广州、河 南等地出台政策推动具身智能机器人产业发展。新标准《人形机器人数据集标准》及"浦江X"平台发 布，助力技术迭代与商业化落地。在政策支持与产业链企业合作加快的背景下，人形机器人产业进入快 速发展期。 工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取涵盖机床整 机制造商、数控系统、轴承、 ...

Group 1 - The manufacturing level in China is globally leading, with many manufacturing equipment having a high degree of reuse, indicating challenges in expansion and higher barriers in certain segments [1] - Specific components, such as planetary roller screws, have high material and equipment requirements, with critical processes including thread grinding, surface hardening, and precision assembly, highlighting a significant reliance on external sources for key grinding machines [1] - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects listed companies involved in machine tool manufacturing and related technology development to reflect the overall performance of the machine tool industry [1] Group 2 - The China Securities Machine Tool Index has high industry representativeness, focusing on the industrial machinery sector, which can reflect the market value and technological strength of related enterprises [1] - Investors without stock accounts can consider the Guotai China Securities Machine Tool ETF Initiated Link A (017471) and Link C (017472) [1]

Core Viewpoint - The industrial mother machine ETF (159667) has seen a significant inflow of 60 million units, indicating strong market interest in the industrial mother machine assets. The release of the "High-Quality Standard System Construction Plan for Industrial Mother Machines" on September 1 highlights the government's focus on enhancing standards in this sector [1]. Group 1: Industry Developments - The "High-Quality Standard System Construction Plan" consists of six levels: basic general, design matching, manufacturing equipment, manufacturing processes, inspection and testing, and industry applications, comprising 34 major categories and 17 subcategories, with dynamic adjustments based on industry development [1]. - Key tasks outlined in the plan include accelerating the development of urgently needed standards, promoting the revision of series standards, strengthening the development of standards in cross-disciplinary fields, and enhancing the internationalization of China's standards [1]. Group 2: Market Insights - The industrial mother machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects listed companies involved in machine tool manufacturing and related technology development, reflecting the overall performance of the machine tool industry [2]. - The China Securities Machine Tool Index is highly representative of the industry, focusing on the industrial machinery sector, and is indicative of the market value and technological strength of related enterprises [2].

Group 1 - The industrial mother machine ETF (159667) has seen a net inflow of 17 million units, indicating strong capital interest in the industrial mother machine assets [1] - The robotics industry is experiencing active performance due to recent catalysts such as Nvidia's new model launch, Zhiyuan Robotics' new product releases, and Tiantai Robotics securing the largest global order [1] - The design schemes and technologies for humanoid robots are still relatively diverse, but as the industry accelerates and application scenarios materialize, the technical paths are expected to converge [1] Group 2 - The combination of 3D printing technology and new materials is expected to drive the miniaturization of core components to meet lightweight demands [1] - Electrification is becoming a significant trend in the engineering machinery sector, with various electric devices already applied in major domestic projects [1] - The industry is projected to see a year-on-year increase in import and export sales in the first half of 2025, with positive mid-year performance expectations [1] Group 3 - The China Securities Machine Tool Index (931866), which the industrial mother machine ETF tracks, selects listed companies involved in machine tool manufacturing and related technology development to reflect the overall performance of the machine tool industry [1] - The index has high industry representativeness and focuses on the industrial machinery sector, reflecting the market value and technological strength of related enterprises [1]

Group 1 - The core viewpoint is that advancements in robotics and AI are being driven by new models such as Nvidia's open-source Cosmos Reason model, which enables robots to perform complex tasks autonomously, as demonstrated in scenarios like "bread + toaster" [1] - The Genie Envisioner platform launched by Zhiyuan Robotics is the first open-source robot world model in the industry, utilizing 3000 hours of real machine interaction videos to create a direct mapping from language commands to visual space, allowing robots to perform tasks like pouring tea and wiping tables smoothly [1] - The successful hosting of the first World Humanoid Robot Games showcases significant technological progress in the industry, covering a complete capability spectrum from basic motor skills to complex environmental adaptability [1] Group 2 - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects listed companies involved in CNC machine tools and precision processing equipment to reflect the overall performance of the machine tool industry [1] - The China Securities Machine Tool Index covers multiple sub-sectors within the machine tool industry, aiming to represent the comprehensive development trends of high-quality enterprises in the sector, combining representativeness and growth characteristics [1] - Investors without stock accounts can consider the Guotai China Securities Machine Tool ETF Initiated Link A (017471) and Guotai China Securities Machine Tool ETF Initiated Link C (017472) [1]

Group 1 - The mechanical industry is expected to see improved economic benefits in the first half of 2025, with revenue and total profit for large-scale enterprises increasing by 7.8% and 9.4% year-on-year, respectively, both exceeding the national industrial level [1] - Fixed asset investment shows a mixed performance, with an overall growth rate of 3.8% in the mechanical industry; investment in the automotive and general equipment sectors increased by 22.2% and 16.6%, respectively, while specialized equipment grew by 6.2% [1] - In the general equipment sector, the production of metal cutting machine tools and industrial robots increased by 13.5% and 35.6% year-on-year, respectively, and excavator sales in the engineering machinery sector rose by 16.8% [1] Group 2 - The "Guiding Opinions on Financial Support for New Industrialization" aims to establish a financial system supporting the high-end, intelligent, and green development of the manufacturing industry by 2027, with a focus on financing support for the industrial mother machine and instrumentation sectors [1] - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects listed companies involved in machine tool manufacturing and its upstream and downstream industries to reflect the overall performance of quality enterprises in this field [1] - Investors without stock accounts can consider the Guotai China Securities Machine Tool ETF Initiated Link A (017471) and Guotai China Securities Machine Tool ETF Initiated Link C (017472) [1]

Group 1 - The mechanical industry is expected to perform well in the first half of 2025, with revenue and total profit of large-scale enterprises increasing by 7.8% and 9.4% year-on-year, respectively, both exceeding the national industrial level [1] - Fixed asset investment in the mechanical industry has grown by 3.8% year-on-year, with significant investment growth in the automotive and general equipment sectors at 22.2% and 16.6%, respectively, while specialized equipment investment increased by 6.2% [1] - In the general equipment sector, the production of metal cutting machine tools and industrial robots has increased by 13.5% and 35.6% year-on-year, respectively, and excavator sales in the engineering machinery sector have risen by 16.8% [1] Group 2 - The "Guiding Opinions on Financial Support for New Industrialization" aims to establish a financial support system for high-end and intelligent manufacturing, focusing on technological breakthroughs in the industrial mother machine and instrumentation sectors [1] - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects 50 listed companies involved in the manufacturing and service of machine tools and key components, reflecting the overall performance of the machine tool industry [1] - Investors without stock accounts can consider the Guotai China Securities Machine Tool ETF Initiated Link A (017471) and Guotai China Securities Machine Tool ETF Initiated Link C (017472) [1]

Group 1 - The manufacturing production index in China is in the expansion zone, and the business activity expectation index has rebounded month-on-month, indicating a positive outlook for the second half of the year [1] - In July, total excavator sales increased by 25.2% year-on-year, with domestic sales up by 17.2% and export volume up by 31.9%, reaching a historical high for the same period [1] - Global semiconductor sales in June grew by 19.6% year-on-year, with Japan's semiconductor manufacturing equipment shipments increasing by 17.6%, reflecting strong downstream demand [1] Group 2 - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which includes 50 listed companies involved in machine tool manufacturing and services, reflecting the overall performance of the machine tool industry [1] - The index components are primarily concentrated in the industrial, materials, and information technology sectors, showcasing trends in manufacturing upgrades and technological innovation [1] - Investors without stock accounts can consider the Guotai China Securities Machine Tool ETF Initiated Link A (017471) and Link C (017472) [1]

Group 1 - The global mining industry is experiencing an upward trend in capital expenditure, leading to increased prosperity in the mining machinery sector, with overseas mining machinery companies maintaining high revenue and order levels [1] - The mining machinery market is large and broad, with a combined scale exceeding $120 billion, where the aftermarket accounts for 60%-70% of the total market [1] - The value contribution from front-end mining and transportation equipment is higher than that from back-end crushing and grinding processes [1] Group 2 - Chinese mining machinery companies are accelerating their international expansion by breaking development bottlenecks through service teams, warehousing logistics, and production capacity overseas, achieving breakthroughs in high-end markets [1] - Prices of major minerals are stable or rising, with continued growth in mining capital expenditure expected due to stable prices of copper, aluminum, gold, and silver [1] - Rising mining extraction costs and declining ore grades are further driving the demand for machinery, indicating that the industry is likely to maintain high prosperity [1] Group 3 - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects listed companies involved in machine tool manufacturing and related industries to reflect the overall performance and development trends of the domestic machine tool industry [1] - Investors without stock accounts can consider the Guotai China Securities Machine Tool ETF Initiated Link A (017471) and Guotai China Securities Machine Tool ETF Initiated Link C (017472) [1]