"炙手可热"的人形机器人行业迎来中期"大考"。 散热领域企业深圳市飞荣达科技股份有限公司（以下简称"飞荣达"）上半年净利润同比增长118.54%。 报告期内，其对深圳果力智能科技有限公司（以下简称"果力智能"）进行战略投资，果力智能成为飞荣 达的控股子公司。果力智能是业内领先的灵巧手及具身智能机器人专精特新企业。飞荣达则基于在散 热、电磁屏蔽方面的核心能力，开发出了专门应用于机器人灵巧手、关节模组、控制板等部位的散热与 电磁屏蔽解决方案。未来，双方将在联合研发、全球化量产制造和应用场景等方面深入推进灵巧手产业 发展。 "灵巧手作为人形机器人的关键零部件之一，集成了多种传感器，赋予机器人操作、感知物体的能力， 被称作机器人进入日常生活的'最后一厘米'。"对于上述布局，飞荣达相关人士在接受《证券日报》记 者采访时表示，由于功能关键且技术复杂，灵巧手是人形机器人中成本占比最高的零部件，占到整机成 本约20%～30%，未来其市场规模或将达到数千亿元，是一个巨大的蓝海市场。 商业化更进一步 Wind数据显示，截至目前，A股市场"人形机器人"板块中共有40家企业披露2025半年报，其中，有29家 企业归属于上市公司股东净 ...

● 本报记者 郑萃颖 "具身智能机器人已从研发元年、量产元年迈入商用元年。"智元机器人董事长兼CEO邓泰华在8月21日 表示。作为具身智能机器人产业中的热门产品，人形机器人发展势头迅猛，商业化进程明显加速。与此 同时，多家人形机器人厂商纷纷晒出订单，比拼商业化进度，首批落地场景逐渐清晰，产业链相关硬件 企业也迎来发展机遇。 厂商比拼订单量 在8月21日举办的智元机器人首届合作伙伴大会上，邓泰华表示，全球正处于"具身智能大爆发的前 夜"，2025年具身智能机器人将迎来商用化的拐点，最终成为继手机和汽车之后的"下一代海量智能终 端"。 "智元机器人今年会有数千台出货量，希望在未来几年达到年产几十万台的规模。"邓泰华称。 近期，国内人形机器人厂商密集公布订单数据，传递出积极信号。 据记者了解，今年上半年，松延动力已获得超2000台机器人订单，公司计划先从科研教育、展览展示、 文旅导览等场景切入市场。专注医疗服务领域的机器人公司傅利叶，计划于今年交付数千台旗下机器人 产品。智平方的AlphaBot（爱宝）系列机器人今年已收到近500个订单，目前已在东风柳汽、晶能微电 子等工厂投入使用。星动纪元则表示，今年6月发布的星 ...

Core Viewpoint - The 2025 World Robot Conference (WRC 2025) showcased advancements in humanoid robots, particularly by UBTECH, highlighting their capabilities across various applications including industrial, commercial, research, and companionship [2][11]. Group 1: Humanoid Robot Innovations - UBTECH unveiled the Walker S2, a humanoid robot with a height of 1.76 meters, featuring 52 degrees of freedom and industrial-grade dexterity, capable of carrying loads up to 15 kilograms [3][4]. - The Walker S2 incorporates advanced AI technology, including a dual-eye stereo vision system and a unique energy management system that allows for autonomous battery swapping in just 3 minutes [4][11]. - The Cruzr S2, a full-size humanoid robot, was also launched, equipped with intelligent navigation and motion control technologies, suitable for various tasks such as sorting and guiding [5][11]. Group 2: Group Intelligence and Collaboration - UBTECH introduced groundbreaking group intelligence technology for humanoid robots, enabling multi-task operations in industrial settings through collaborative decision-making and control [6][8]. - The integration of multiple Walker S2 and Cruzr S2 robots with other mobile robots demonstrated a complete workflow from material handling to intelligent sorting, enhancing operational efficiency [8][10]. - The robots showcased advanced capabilities in dynamic balance and complex movements, such as extreme squatting and high-angle torso rotation for sorting tasks [8][10]. Group 3: Diverse Applications and Market Impact - The conference highlighted the versatility of humanoid robots in various sectors, including service, education, and entertainment, with products like the AI Wukong and the upgraded AI companion robot Meng UU [10][11]. - UBTECH's focus on creating "new quality productivity" through humanoid robots aims to improve efficiency across industries while maintaining a human touch in service applications [11].

华夏时报记者石飞月北京报道 几十台人形机器人同时在你面前协同作业，这是不是你脑海里曾经幻想过的未来场景？这一幕在2025世界机器人 大会（下称"2025WRC"）现场出现了。在优必选展台，一群和真人差不多高的人形机器人在车间里井然有序地工 作，有的搬运重物、有的分拣货品，还有的会自主更换电池，被现场观众戏称"天生打工人"。 除了优必选，还有不少人形机器人厂商展示了旗下产品在不同场景的应用，如加速进化机器人踢球、傅利叶机器 人辅助复健、宇树机器人格斗和跳舞、众擎机器人跳舞和跑步、魔法原子机器人展示工业流水线"点胶场景"等。 各种技能展示的背后，源于人形机器人在本体、大脑和小脑等领域的突破，从而推动各行业客户下单。 在2025WRC期间，厂商们纷纷释放出商业化的积极信号，如智元机器人拿下数千万元订单、优必选预计今年工业 人形机器人的交付量大概在500台、加速进化已经出货数百台、傅利叶今年双足人形机器人交付目标是300台等。 综合各大厂商透露出的信息，目前国内人形机器人的主要应用领域包括导览、展示、科研、工业、康养等。 订单与产能齐涨 光鲜亮丽的表演带来的，是人形机器人厂商纷纷到手的订单。 8月10日，智元机器人宣 ...

Core Viewpoint - The upcoming 2025 China Embodied Intelligent Robot Industry Conference and Exhibition in Shanghai aims to connect various segments of the embodied intelligence industry, showcasing cutting-edge technologies and facilitating industry exchanges [1] Industry Overview - The global robotics industry has experienced significant growth over the past decade, with advancements in intelligent capabilities, application boundaries, and innovation factors [2] - In the first half of this year, China's robotics industry revenue grew by 27.8%, with industrial and service robot production increasing by 35.6% and 25.5% respectively, maintaining its position as the largest industrial robot application market globally for 12 consecutive years [2] Market Developments - The world's first embodied intelligent robot 4S store, Robot Mall, has opened in Beijing, integrating traditional automotive sales models into the robotics sector [2] - The year 2025 is projected to mark the mass production of humanoid robots, with companies like UBTECH, Yushun, and Tesla planning significant deliveries of their respective humanoid robots [3] Financial Insights - GGII predicts that the global market for humanoid robots will exceed $20 billion by 2030, with China's market reaching approximately $5 billion [3] - Goldman Sachs forecasts a more optimistic outlook, estimating the global humanoid robot market could reach $154 billion by 2035 [3] Investment Opportunities - Wanlian Securities highlights the importance of reducing costs for the commercialization of humanoid robots, suggesting a focus on companies that master core component technologies and achieve low-cost production [4] - Notable companies in the sector include UBTECH, which has received significant orders for its humanoid robots, and Horizon Robotics, which is expected to achieve breakeven by 2028 [5][6]

Core Viewpoint - The 2025 World Robot Conference (WRC2025) in Beijing showcased five humanoid robots from UBTECH, highlighting advancements in humanoid robotics and their applications across various sectors, including industrial manufacturing, commercial services, scientific research, and entertainment [1][9]. Group 1: Humanoid Robots Showcase - UBTECH presented the world's first humanoid robot with autonomous battery swapping capabilities, Walker S2, along with other models like Cruzr S2, Walker S1, Walker C, and Tian Gong Xing Zhe [1][5]. - Walker S2 features a height of 1.76 meters, 52 degrees of freedom, and the ability to carry loads of up to 15 kilograms while performing complex movements [3][4]. - The robots demonstrated various applications, including industrial tasks, service roles, and educational purposes, emphasizing their versatility and advanced capabilities [1][9]. Group 2: Technological Innovations - Walker S2 incorporates a dual-battery power balance technology that allows for a quick battery swap in just 3 minutes, ensuring continuous operation [4]. - The fifth-generation dexterous hand showcased at the event has 19 active degrees of freedom, enabling human-like gestures and precise operations [4]. - The Cruzr S2 robot utilizes advanced navigation and motion control technologies, allowing it to perform tasks in complex environments with high precision [5]. Group 3: Group Intelligence and Collaboration - UBTECH introduced breakthrough group intelligence technology for humanoid robots, enabling collaborative tasks across multiple robots, enhancing overall operational efficiency [6][7]. - The robots demonstrated capabilities in dynamic sorting and material handling, showcasing their advanced algorithms and coordination [6][7]. - The integration of the Co-Agent system allows for the transformation of robots into specific functional agents, improving task execution in industrial settings [6]. Group 4: Broader Applications and Market Impact - The event highlighted the potential of humanoid robots in various sectors, including commercial services, scientific research, and entertainment, indicating a shift towards large-scale deployment [9]. - UBTECH's focus on creating "new quality productivity" through humanoid robots aims to enhance human work efficiency while maintaining a warm human touch in daily life [9].

Core Viewpoint - The humanoid robot industry is transitioning from technological breakthroughs to a new phase of large-scale implementation, showcasing various applications across industrial, commercial, educational, and entertainment sectors [18]. Group 1: Product Launches - UBTECH showcased five humanoid robots at the WRC 2025, including the world's first autonomous battery-swapping humanoid robot Walker S2 and the full-size general-purpose wheeled humanoid robot Cruzr S2 [4][9]. - Walker S2 features a height of 1.76 meters, 52 degrees of freedom, and the ability to carry a load of 15 kg while performing complex movements [7]. - Cruzr S2 integrates UBTECH's self-developed humanoid robot collaboration intelligence Co-Agent, enabling efficient navigation and operation across various tasks [8]. Group 2: Technological Innovations - Walker S2 introduces a revolutionary energy management system with autonomous battery-swapping capabilities, allowing for a quick 3-minute battery change and continuous operation [7]. - The fifth-generation dexterous hand developed by UBTECH boasts 19 active degrees of freedom, providing human-like gesture and precision operation capabilities [8]. - The group intelligence technology demonstrated at the conference showcases multi-task industrial scenarios, enhancing overall operational efficiency through collaborative decision-making [12][14]. Group 3: Application Scenarios - The humanoid robots are designed for diverse applications, including industrial manufacturing, commercial services, scientific research, and entertainment, contributing to improved work efficiency and quality of life [18]. - Walker C, a humanoid robot designed for commercial services, demonstrated multilingual interaction and guiding capabilities during the event [17]. - The Tian Gong Xing Zhe, a full-size research-grade humanoid robot, attracted attention from researchers, highlighting the potential for innovation in humanoid robotics [17].

Group 1 - The 2025 World Robot Conference opened in Beijing, showcasing five humanoid robots from UBTECH, including the world's first autonomous battery-swapping humanoid robot, Walker S2 [2][3] - Walker S2 features a height of 1.76 meters, 52 degrees of freedom, and an industrial-grade dexterous hand, capable of stable transportation of 15 kg loads within a range of 0-1.8 meters [2] - The robot incorporates a dual-battery power balance technology that allows for a battery swap in just 3 minutes, enabling continuous operation 24/7, setting a new standard for energy management in humanoid robots [3] Group 2 - UBTECH also introduced the Cruzr S2, a full-size wheeled humanoid robot that integrates advanced technologies for efficient navigation and multi-task operations in various industrial scenarios [3][4] - The company presented a breakthrough in humanoid robot swarm intelligence technology, showcasing a collaborative operation solution for multi-task industrial scenarios, enhancing production efficiency [4] - Walker S2 demonstrated advanced capabilities in complex tasks such as high-angle waist rotation sorting and extreme squatting for material handling, showcasing its superior operational abilities [5]

Core Viewpoint - The 2025 World Robot Conference (WRC) showcased advancements in humanoid robots, emphasizing the integration of 5G-A technology and embodied intelligence to enhance operational capabilities and adaptability in complex environments [1][3]. Group 1: Humanoid Robots - The "Kua Fu" humanoid robot by Leju demonstrated significant breakthroughs in communication and decision-making through 5G-A technology, enabling real-time control over distances of 1200 kilometers [1][3]. - The "Kua Fu" robot features a dual-brain system, enhancing human-robot interaction and stability in flexible environments, showcasing its potential in high-risk scenarios like firefighting and chemical industries [3][6]. - The "T800" humanoid robot by Zhongqing is designed for heavy-duty tasks, featuring 41 degrees of freedom and advanced sensor integration for real-time environmental adaptation [7]. Group 2: Industrial Robots - Cyborg Robotics presented the Cyborg-H01 dexterous hand and Cyborg-R01 humanoid robot, focusing on high precision and energy efficiency in industrial applications [4][6]. - The CW series robots by Chuan Robotics combine autonomous mobile platforms with collaborative robotic arms, enhancing flexibility in production environments [30]. Group 3: Perception and Sensing Technologies - Aobi Zhongguang introduced the Pulsar ME450 3D LiDAR and Gemini 345Lg dual 3D camera, enhancing visual perception capabilities for outdoor robots [12][14]. - Pasini launched the third-generation multi-dimensional tactile sensor matrix PX-6AX-GEN3, providing advanced sensing solutions for embodied intelligent systems [10][25]. Group 4: General-Purpose Robots - Zhi Ping Fang showcased the "Ai Bao" robot, capable of performing various tasks in simulated environments, highlighting its adaptability and learning capabilities [17][19]. - The "Wanda" platform by Youliqi demonstrated its application in multiple real-life scenarios, emphasizing its interactive capabilities and service-oriented design [23][24]. Group 5: Collaborative and Ecosystem Development - Xinghai Tu introduced the G-0 VLA model, which enhances human-robot collaboration and opens up new possibilities for developers through a comprehensive toolkit [20][22]. - The collaboration among various companies at WRC indicates a growing ecosystem focused on advancing embodied intelligence and robotics technology across multiple sectors [41].

Group 1 - The 2025 World Robot Conference (WRC2025) opened in Beijing, showcasing five humanoid robots from UBTECH, including the world's first autonomous battery-swapping humanoid robot Walker S2 and the full-size general-purpose wheeled humanoid robot Cruzr S2 [1][2] - The Cruzr S2 features UBTECH's self-developed humanoid robot collaboration intelligence Co-Agent, integrating visual-laser navigation and learning motion control technologies for efficient operation in complex environments [1][2] - The Walker S2, presented at the conference, includes hot-swappable autonomous battery technology, stands 1.76 meters tall, has 52 degrees of freedom, and features an industrial-grade dexterous hand [2] Group 2 - UBTECH demonstrated a group operation solution for general humanoid robots in multi-task industrial scenarios, showcasing the collaborative capabilities of multiple Walker S2 and Cruzr S2 robots alongside other mobile robots [3] - The AI dual-loop system formed by the group brain network 2.0 and Co-Agent enhances both individual decision-making and collective intelligence, significantly improving overall operational efficiency [3] - The humanoid robot industry is transitioning from technological breakthroughs to large-scale implementation, with UBTECH leveraging its full-stack technology layout to enhance productivity across various sectors, including industrial manufacturing and commercial services [4]