（来源：瀚数财经） 作为国内人形机器人领域的头部企业，优必选今年频频传出拿下量产订单的消息，下半年拿单节奏甚至明显在加快。 那么，它目前的量产订单进展到底怎么样？ 01 2016年央视春晚上，540台优必选Alpha小型人形机器人一起跳舞，创下了吉尼斯世界纪录，引发广泛关注。 现在回头看，那一幕真是有点仿佛上世纪般遥远了。 到了2025年蛇年春晚，聚光灯转向了宇树科技全尺寸人形机器人H1，16台H1与真人演员一起扭起了秧歌，展现出了更加成熟的运动控制和智能交互能 力。 央视春晚虽说是一场晚会，但也像一面镜子，照出了人形机器人行业格局的一些变化。 近些年来，宇树科技、智元机器人等人形机器人新锐力量快速冒头，优必选不再一枝独秀。 不过，作为2012年就已成立的国内最早的人形机器人企业，优必选凭借长期积累的全栈自研技术，依旧在综合竞争力与商业化方面位居行业前列。 02 优必选成立并长期发展于人形机器人技术不断进步但并不成熟的时期。 早些年，其收入曾长期依赖STEM教育、物流、小型消费级陪伴等场景拉动，收入虽有增长，但增长前景似乎总有一层压力，利润则常年亏损，扭亏压 力也比较大。 近年，随着人形机器人行业技术快速发展 ...

Group 1 - The A-share market indices opened high and continued to rise, with the Robot ETF (562360) showing a slight increase of 0.58% and a premium rate of 0.04% [1] - The Robot ETF tracks the CSI Robot Index, which includes stocks from system solution providers, digital workshop and production line integrators, automation equipment manufacturers, and related companies [1] - According to Huafu Securities, UBTECH successfully won a bid for a humanoid robot data collection and training center project in Jiangxi, with a contract value of 143 million yuan [1] Group 2 - UBTECH's Walker series humanoid robots have accumulated total orders of 1.3 billion yuan for the entire year of 2025, excluding certain models [1] - In November, UBTECH received orders of 159 million yuan, 264 million yuan, and 143 million yuan, with the 264 million yuan order setting a new global record for a single humanoid robot order [1] - According to Caitong Securities, the robot sector is expected to be a blue ocean, with 2026 likely to be the year of mass production, driven by key catalysts such as the release of Tesla's Optimus Generation 3 and the acceleration of domestic robot listings [2]

Core Insights - Company UBTECH Robotics has won a bid for a humanoid robot data collection and training center project in Jiujiang, Jiangxi, with a contract value of 143 million yuan [2] - The project will utilize UBTECH's latest industrial humanoid robot, Walker S2, aiming to establish a leading and technologically advanced training center in Jiangxi [2] - The total order value for the Walker series humanoid robots is projected to reach 1.3 billion yuan by 2025, excluding certain educational and smaller robot models [2] Financial Performance - In the first half of the year, UBTECH reported revenue of 621 million yuan, a year-on-year increase of 27.55%, while the net loss narrowed to 414 million yuan from 516 million yuan in the same period last year [3] - As of the latest trading session, UBTECH's stock price rose to 113.70 HKD per share, reflecting a 4.41% increase, with a total market capitalization of 53.7 billion HKD, and the stock price has doubled over the year [3] Production and Capacity - UBTECH's Walker S2 humanoid robots have commenced mass production and delivery, with an expected annual delivery volume exceeding 500 units [2] - The current production capacity for UBTECH's industrial humanoid robots stands at 300 units per month [2] Strategic Initiatives - UBTECH plans to issue 31.09 billion HKD through the placement of 31.468 million new H-shares, with 75% of the proceeds allocated for investments or acquisitions in the supply chain, aiming to strengthen its position in the humanoid robot industry [2]

Core Viewpoint - UBTECH Robotics has seen a significant increase in stock price, rising over 3% following the announcement of winning a major project in Jiangxi province, indicating strong market confidence in the company's growth potential in the humanoid robot sector [1] Group 1: Project Wins and Financials - On November 28, UBTECH announced it successfully won the humanoid robot data collection and training center project in Jiujiang, Jiangxi, with a contract value of 143 million yuan [1] - The total order value for UBTECH's Walker series humanoid robots for the year 2025 has reached 1.3 billion yuan, excluding other robot models [1] - In 2023, UBTECH has secured multiple large contracts, including a 250 million yuan global procurement contract in September and several other significant orders in October and November, with one order reaching 264 million yuan, setting a new record for single order value in the humanoid robot market [1] Group 2: Production Capacity and Market Position - UBTECH's production capacity for industrial humanoid robots has reached 300 units per month, with expectations to exceed 500 units in total deliveries for the year [1] - The company continues to maintain a leading position in the commercialization of humanoid robots globally, as evidenced by its growing order book and successful project acquisitions [1]

每经AI快讯，据优必选科技官微消息，11月28日，优必选成功中标江西九江市人形机器人数据采集与 训练中心项目，中标金额为1.43亿元。该项目将采用优必选最新款可自主换电的工业人形机器人Walker S2。截至目前，优必选Walker系列人形机器人2025年全年订单总金额已达到13亿元（不含全尺寸科研教 育人形机器人"天工行者"及小型人形机器人"AI悟空"）。 ...

| | | | 优必选上市以来募资情况 | | | --- | --- | --- | --- | --- | | 融资次数 | 时间 | 配售/发行股份数 量(万股) | 募资总额(亿港元) | 募资用途 | | IPO | 2023.12 | 1128.20 | 10.15 | 提升研发能力、升级研发实验室、偿还银行贷款、拓展 | | | | | | 海外销售渠道 | | 第1次配售 | 2024.8 | 142 | 1.31 | 偿还金融机构款项、补充营运资金 | | 第2次配售 | 2024.10 | 506 | 4.36 | 补充营运资金、偿还金融机构款项 | | 第3次配售 | 2024.11 | 700 | 5.87 | 补充营运资金、偿还金融机构款项 | | 第4次配售 | 2025.2 | 1015.51 | 9.14 | 补充营运资金、偿还金融机构款项、工程建设、境内外 投资 | | 第5次配售 | 2025.7 | 3015.55 | 24.73 | 补充营运资金、偿还金融机构款项、工程建设 | | 第6次配售 | 2025.11 | 3146.20 | 31.09 | 行业上下游投资、 ...

Core Viewpoint - Company Ubiquiti (09880) has seen a nearly 4% increase in stock price, attributed to recent contract wins totaling over 1.5 billion yuan, indicating strong demand for its humanoid robots and a solid competitive position in the market [1] Group 1: Recent Developments - On October 16, Ubiquiti won a project for the procurement and installation of equipment for the "Guangxi Embodied Intelligent Data Collection and Testing Center," with an order value of 126 million yuan [1] - On October 15, Ubiquiti announced a humanoid robot procurement contract with a well-known listed automotive technology company, valued at over 32 million yuan [1] - Ubiquiti's Walker series humanoid robots have secured over 630 million yuan in orders for the year, excluding a joint development project with Beijing Guodi [1] Group 2: Competitive Advantages - Ubiquiti possesses long-term competitive advantages, including: - Leading technology with self-developed high-precision servo drivers for precise motion control [1] - Strong commercialization capabilities with established sales channels for educational and consumer robots, and successful implementation of humanoid robots in industrial settings such as automotive manufacturing and logistics [1] - Early mass production and extensive factory training globally [1] - A diversified business model that expands across multiple sectors and fields [1]

Core Viewpoint - Company Ubiquiti (09880) has secured significant contracts, indicating strong demand for its humanoid robots and showcasing its competitive advantages in technology and commercialization [1] Group 1: Recent Developments - On October 16, Ubiquiti won a project for the procurement and installation of equipment for the "Guangxi Embodied Intelligent Data Collection and Testing Center," with an order value of 126 million yuan [1] - On October 15, Ubiquiti announced a humanoid robot procurement contract with a well-known listed automotive technology company, exceeding 32 million yuan [1] - Ubiquiti's Walker series humanoid robots have received over 630 million yuan in orders for the year, excluding a joint development project with Beijing Guodi [1] Group 2: Competitive Advantages - The company possesses a long-term competitive edge due to its leading technology, including self-developed high-precision servo drivers for precise motion control [1] - Ubiquiti has strong commercialization capabilities, having established sales channels for educational and consumer robots, and its humanoid robots are already performing complex tasks in industrial settings like automotive manufacturing and logistics [1] - The company is a pioneer in mass production and has the most factory training globally, along with a diversified business model that spans multiple sectors and fields [1]

Core Viewpoint - Company achieved significant stock price increase and secured multiple contracts, indicating strong market position and growth potential [1] Group 1: Recent Developments - Company stock rose nearly 4%, reaching HKD 139.6 with a trading volume of HKD 673 million [1] - On October 16, company won a project for "Guangxi Embodied Intelligent Data Collection and Testing Center Equipment Procurement and Installation" with an order value of HKD 126 million [1] - On October 15, company signed a humanoid robot procurement contract with a well-known listed automotive technology company, valued at over HKD 32 million [1] Group 2: Order Book and Financial Performance - Company’s Walker series humanoid robots have secured over HKD 630 million in orders for the year, excluding a joint development project with Beijing Guodi [1] Group 3: Competitive Advantages - Company possesses long-term competitive advantages including: - Leading technology with self-developed high-precision servo drivers for precise motion control [1] - Strong commercialization capabilities with established sales channels for educational and consumer robots [1] - Early mass production and presence in the most factories for practical training globally [1] - Diversified business model with expansion across multiple sectors and fields [1]

Market Performance - The three major indices opened high and fluctuated, with the Shanghai Composite Index rising by 0.63%, the Shenzhen Component Index by 0.98%, the ChiNext Index by 1.98%, and the STAR Market 50 Index by 0.35% [2] - Over 3,800 stocks in the two markets rose, with a total trading volume of approximately 1.74 trillion yuan [2] Industry Highlights - The cultivated diamond and superhard materials sectors showed strong performance, with Huifeng Diamond rising by 29.98%, Sifangda by 19.98%, and Power Diamond by over 18% [2] - The Ministry of Commerce and the General Administration of Customs announced export controls on superhard materials, effective November 8, which is expected to enhance the supply protection for the domestic superhard materials industry and strengthen market expectations for the sector's scarcity and performance certainty [2] Coal Sector - The coal sector experienced a collective surge, with major companies like Dayou Energy, Yunmei Energy, and Shanxi Black Cat all rising by 10% [2] - The cold air mass affecting the northern regions is expected to increase coal demand during the winter, as a double La Niña weather pattern may lead to a colder winter in China [3] Technology and Robotics - The CPO and computing power sectors were active, with Cambridge Technology rising by 10% and other companies like Zhongji Xuchuang and Tianfu Communication increasing by over 7% [3] - Citibank indicated potential upward demand in the optical module industry, suggesting buying opportunities after recent stock price adjustments [3] - Robotics leader UBTECH won a project for the procurement and installation of intelligent data collection and testing center equipment in Guangxi, with an order amounting to 126 million yuan [4] - UBTECH's Walker series humanoid robots have secured over 630 million yuan in orders this year, excluding a joint development project with Beijing Guodi [4] Declines in Other Sectors - The precious metals sector saw significant declines, with Hunan Silver hitting a 10% limit down, alongside other companies like Xiaocheng Technology and Western Gold experiencing heavy losses [4] - New energy-related stocks also showed weakness, with Shengxin Lithium Energy and Tianqi Lithium experiencing declines [4]