以下文章来源于潮汐商业评论 ，作者Donald 潮汐商业评论 . 专注大消费、TMT、金融及科技创新领域，分享有趣的商业评论和商业洞察，【潮汐商业评论】内容团队原创呈 现。 详细会议介绍参看往期文章： （点击蓝字跳转） IRCTC 2025报告嘉宾重磅揭晓！ 72小时后早鸟票关闭！ 截稿延期通知：IRCTC2025九大期刊联合征文延期至7月12日！ 我们不是不要机器人，而是需要更聪明的机器人。 还记得《普罗米修斯》这部电影里仿真人大卫，睁着清澈的蓝眼睛望着伊丽莎白 · 肖博士的模样吗？在与主人一 起探寻工程师的母星后，这个忠诚勇敢的仿生人，在角色中有着自己聪明的大脑和思考 …… 生命起源和宗教哲学只是电影里的剧情，人与机器人的相处在现实也有踪迹可寻。 "3 、 2 、 1——" 倒计时响起，一只机械臂迅速定位到一根半径约 4mm 粗细的揭幕绳索装置，精准地帮人类干起来活。 这是上演在 618 期间北京某商场里的一幕，促销礼包的彩带还没飘远， 23 个品牌带来的 26 款人形机器人就先 成了焦点，有的顶着圆滚滚的脑袋左右晃，像刚睡醒的小熊；有的伸出灵活的机械臂，正笨拙地给路过的小朋友 递气球；还有的眨着会发光的 ...

Group 1: Overseas Environment and Market Configuration - The overseas environment is improving, with the US potentially accelerating its interest rate cut cycle, leading to increased attractiveness of Chinese assets as the RMB stabilizes amidst easing trade tensions [1][14][33] - The Hong Kong stock market has outperformed globally in 2025, with significant gains in the Hang Seng Index and Hang Seng Tech Index, making it a key entry point for investing in China's technological rise [2][34][40] Group 2: Fiscal Policy and Economic Growth - Fiscal policy is becoming a crucial support under pressure from external demand, with public budget expenditure from January to May 2025 increasing by 4.2% year-on-year, particularly in social security and employment [3][41][42] - The issuance of long-term special bonds and targeted debt is accelerating, aimed at supporting growth and industrial upgrades, which is expected to help achieve the GDP growth target of 5% [3][41][42] Group 3: Industrial Upgrade and Technological Breakthroughs - The year 2025 marks a critical period for industrial upgrades, with a focus on cultivating new productive forces as part of the 14th Five-Year Plan's conclusion and the 15th Five-Year Plan's initiation [4][43] - Significant advancements in technology are being observed, particularly in AI, quantum computing, and biotechnology, with policies supporting innovation and commercialization [5][55][58] Group 4: Consumer Trends and Cultural Expansion - Service consumption is becoming a growth highlight, with spending on education, culture, and entertainment leading the way, reflecting a shift from basic needs to more personalized desires [6][67] - The rise of domestic cultural elements is evident, with inbound tourism recovering and cultural products gaining global popularity, indicating a strong cultural confidence [7][18] Group 5: Policy Support and Open Economy - Policies are being precisely targeted to unleash domestic demand potential, with measures in monetary policy, stock market support, and real estate market revitalization [8][14] - China is enhancing its institutional openness and deepening regional economic cooperation, with significant progress in trade agreements such as the China-ASEAN Free Trade Area 3.0 [9][15]

Core Insights - Suzhou's economy is showing steady growth with significant industrial output and advancements in high-tech manufacturing [1][2] - The city is focusing on high-quality development and the cultivation of new productive forces, aiming to transform from an industrial city to a smart manufacturing hub [1][3] Group 1: Economic Performance - From January to May, Suzhou's industrial output exceeded 1.9 trillion yuan, with a year-on-year growth of 4.7% [1] - The added value of industrial enterprises above designated size grew by 8.1% [1] - High-tech industries saw a 7.1% increase in output, accounting for 56.2% of the total industrial output, up by 1.9 percentage points year-on-year [1] Group 2: Industrial Development Strategy - Suzhou is implementing the "1030" industrial system, targeting high-end, intelligent, and green development [1][2] - The city aims to achieve an industrial output of 5 trillion yuan by 2026 through the "Suzhou Intelligent Manufacturing" initiative [2] Group 3: Industry Clusters and Innovation - Suzhou has developed three trillion-level industries and eleven hundred-billion-level industries, with several national-level advanced manufacturing clusters [3] - The city is promoting the integration of digital economy with advanced manufacturing and modern services [4] Group 4: Artificial Intelligence and New Technologies - In 2024, Suzhou's AI industry is projected to generate 236.2 billion yuan, growing over 20% [5] - The city has established a robust ecosystem for AI, with 667 core enterprises, including 32 listed companies and 7 unicorns [5][6] Group 5: Green Development Initiatives - Suzhou is actively transforming inefficient industrial land and promoting green low-carbon development [8] - The city has implemented projects to convert 10,000 acres of low-efficiency industrial land this year [8] Group 6: ESG and Sustainable Practices - The establishment of the Suzhou ESG Industry Innovation Center aims to accelerate the development of the ESG industry [9] - The center has engaged in over 300 industry projects and signed contracts with nearly 70 enterprises [9]

Group 1 - China National Petroleum Corporation (CNPC) Capital announced an investment of 655 million yuan in Kunlun Capital for a total capital increase of 3.275 billion yuan, aimed at investing in controllable nuclear fusion projects [1] - This is not CNPC's first venture into nuclear fusion; last year, Kunlun Capital and Hefei Science Island Holdings became shareholders in a fusion energy company, each investing 2.9 billion yuan for a 20% stake [1] - Controllable nuclear fusion is referred to as the "ultimate energy" source, with the potential to provide limitless energy without high-level radioactive waste [3][4] Group 2 - The principle of nuclear fusion mimics the sun's energy production, utilizing isotopes of hydrogen (deuterium and tritium) to release significant energy [4] - The key technologies for achieving controllable nuclear fusion are magnetic confinement fusion and inertial confinement fusion, with the tokamak device being the most mainstream approach [4] - China has made significant advancements in nuclear fusion research, transitioning from a follower to a core player in the field, with projects like the EAST tokamak and participation in the ITER project [3][8] Group 3 - The ITER project, initiated in 1985, aims to create a large-scale fusion reactor through international collaboration, with China joining in 2006 and taking on a significant portion of the research tasks [9][10] - The CFEDR (China Fusion Engineering Demonstration Reactor) project is a strategic initiative to develop a demonstration reactor, with plans to achieve commercial fusion energy by 2050 [11][12] - The CRAFT (Comprehensive Research Facility for Fusion Technology) project is set to be completed by 2025, providing a platform for high-parameter testing and supporting the CFEDR project [12]

太阳，这颗距离地球最近的恒星，源源不断地为地球提供光和热。然而，这颗演化了46亿年的星 球，还存有诸多未解之谜，静待人类探索。 如今，人类对太阳的观测仰望，又多了一双"慧眼"。6月24日，国家重大科研仪器研制项目"2.5米 大视场高分辨率太阳望远镜"（WeHoST）在四川稻城启动建设配套项目，预计2027年望远镜完成装调 并投入试运行。建成后，该望远镜将成为目前全世界最大的轴对称太阳望远镜。 "目前太阳研究的焦点问题之一是太阳爆发的物理机制。譬如太阳为何会爆发、太阳爆发是如何释 放能量的、太阳爆发对地球会产生什么影响等。"WeHoST项目负责人、南京大学天文与空间科学学院 教授丁明德介绍，WeHoST的科学目标就是观测研究太阳活动区的起源和演化，以及太阳爆发现象，特 别是太阳耀斑和日冕物质抛射的特征和机制。 工欲善其事，必先利其器。"目前已有的大型太阳望远镜镜视场小，虽然能够清晰观察到太阳表面 小尺度的精细结构，但对于研究太阳活动区和太阳爆发活动还远远不够。而WeHoST最大的特点就是既 有大视场又有高分辨率，可以看到太阳爆发全貌。"中国科学院院士、南京大学天文与空间科学学院教 授方成表示，WeHoST的观测 ...

Group 1 - The core viewpoint is that humanoid robot manufacturers are shifting their focus from ambitious universal solutions to more pragmatic, specialized applications, emphasizing the need for self-sustainability in their business models [1][4][25] - As of 2025, there is a noticeable trend where manufacturers are showcasing their capabilities through demonstrations rather than merely promoting the idea of widespread adoption [1][2] - The industry is recognizing that the pursuit of universal capabilities may hinder long-term development and immediate commercialization, leading to a more cautious approach [2][5][25] Group 2 - The current market for humanoid robots is still in its early stages, characterized by supply-driven dynamics rather than demand-driven, similar to the initial phase of smartphones [10][16] - There is a growing consensus that focusing on specific, well-defined applications may yield better commercial value than attempting to create a one-size-fits-all solution [8][11] - Companies are increasingly exploring partnerships and collaborations to enhance their technological capabilities and accelerate product development, moving away from isolated development efforts [21][23][25] Group 3 - The demand for practical applications of robots in logistics and other sectors is evident, with successful deployments validating the need for robotic solutions [7][10] - The industry is witnessing a trend where companies are diversifying their product offerings to include quadrupedal robots, which are perceived as more commercially viable and easier to develop [15][17][18] - The shift towards specialized robots, such as those designed for specific tasks in retail or hospitality, is proving to be a more effective strategy for companies looking to establish a foothold in the market [11][12][25]

出生于1992年的冷晓琨，自2016年参与创立乐聚机器人以来，带领团队突破多个技术瓶颈，推动人形机 器人从技术追赶迈向创新引领。 在乐聚（深圳）机器人技术有限公司的研发工作室里，一台名为"夸父"的人形机器人正灵活地完成行 走、跳跃、搬运等复杂动作。"这款机器人身高约1.66米，重量约55千克，奔跑速度可超每小时7千米。 历经5次迭代升级，已能广泛适用于工业智造、商业服务、科研教育等领域，是国内首款可跳跃、可适 应多地形行走的开源鸿蒙人形机器人。"乐聚机器人公司董事长冷晓琨介绍。 凭借在机器人领域的突出贡献，冷晓琨获得2025年度中国青年五四奖章、2022年度深圳市青年科技奖、 第十届中国青年创业奖等20余项荣誉。 始于热爱 "我从小就对机器人很着迷。"冷晓琨回忆说，儿时的他总爱将家里的机器拆解成零件，仔细研究内部构 造，有时一坐就是几个小时。凭借着这份热爱，冷晓琨不断钻研机器人知识，中学时还代表学校参加了 中小学机器人大赛并获得优异成绩，后又被保送至哈尔滨工业大学计算机学院。在校期间，冷晓琨对机 器人的研究更加深入，突破了不少技术难题，获得了全国机器人锦标赛暨国际仿人机器人奥林匹克大赛 一等奖、中俄工科大学联 ...

自ChatGPT掀起生成式人工智能浪潮起，现在已经是第三个年头。伴随着"人工智能下一个浪潮将是具身智能"的声 音，人形机器人赛道今年极为火热，其也被看作"具身智能"的高阶形态。 然而人形机器人的产业化之路，充满鲜花的同时，却也布满了荆棘。多年来，产业化被技术与成本等多重因素所 阻碍，还被一道无形的"锁链"所禁锢：即网络瓶颈。 恰在此时，由乐聚机器人联合中国移动、华为发布的业界首款5G-A具身智能机器人问世，束缚在人形机器人身上 的"网络瓶颈"将被打破。 5G-A"夸父"破局"网络瓶颈" 人形机器人当前正处于商业化关键期，可"网络瓶颈"正严重制约着其实时控制、多机协同等能力。尤其在工业 制造等高并发场景，海量数据的实时洪流下，机器人通信响应迟滞的场景屡见不鲜。 乐聚机器人CEO常琳对此深有体会："当机器人走进生产与生活，将从'稳定连接'升级为'智能连接'——低时延是底 线，协同决策才是天花板。" 显然，多机协同智能决策能力的诉求下，人形机器人行业迫切需要一条更宽广、更智能的信息"高速公路"。 5G-A"夸父"的诞生，正是为破除这一困局而来。6月18日，在被誉为"全球移动通信行业发展风向标"的2025世界移 动通 ...

能源，一直是人类文明发展的 "燃料"，从钻木取火到煤炭、石油的大规模使用，每一次能源变革都 推动着人类社会向前迈进。 试想，如果人类能像太阳那样，造出一个 "能量源泉"，那人类的能源难题不就迎刃而解了？在合 肥，科研人员们正朝着这个看似遥不可及的梦想大步迈进。 2025 年 1 月，合肥科学岛上的世界首个全超导托卡马克实验装置（ EAST ）传来振奋人心的消息 —— 成功实现了 1 亿摄氏度 1066 秒稳态长脉冲高约束模等离子体运行，再次把托卡马克装置高约 束模运行的世界纪录刷新。 6月18日，据《合肥日报》报道，CRAFT（夸父）低杂波电流驱动系统已通过专家组测试与验收， 且实现全系统国产化。该系统由中国科学院合肥物质科学研究院等离子体物理研究所负责研发。 在"人造太阳"实验装置中，聚变等离子体温度可达1亿度，而低杂波电流驱动系统作为三大辅助加热 波之一，对将等离子体加热至这一极端温度起着关键作用。 照亮未来能源这条路，人类又向前迈了一大步。 01 "人造太阳"的最新进度 中国科学院合肥物质科学研究院副院长宋云涛在《焦点访谈》中曾说： "总书记说过，世界已经进入 了大科学时代，大科学就是要探索人类的未知世 ...

据证券时报报道，6月18-20日举行的上海世界移动通信大会（MWC上海2025）期间，乐聚联合中国移 动、华为发布业界首款5G-A具身智能机器人，攻克了高并发场景下的多机协同、实时决策等技术难 题。乐聚、中国移动、华为等端到端产业合作伙伴联合发布《5G-A赋能信息消费"新三样"白皮书》， 定义了5G-A人形具身智能机器人的应用场景及网络需求指标。 证券时报指出，乐聚夸父人形机器人于去年6月亮相HDC2024华为开发者大会，搭载华为云盘古具身智 能大模型。在MWC上海2025展会现场，"夸父"基于5G-A技术展示多场景应用能力。借助该技术，"夸 父"可实现大场景下高精度定位，且无需额外设备就能增强多机协作可靠性，突破室内Wi-Fi局限，支持 用户实时远程操控，满足复杂任务执行需求。5G-A网络的高带宽能力还支持大规模数据采集，为人形 机器人的深度学习模型提供训练数据，缩短开发周期，适配多行业多样需求。"夸父"推动了专用机器人 向通用机器人发展，随着AI大模型发展，具身智能市场规模也因这类成果加速打开。 公司方面，据证券时报表示， 海晨股份：与乐聚机器人签订战略合作协议，双方将围绕智能物流机器人、自动化仓储系统等 ...