对于傅风华入职宇树科技的消息，北京商报记者向宇树科技相关人士求证，但截至发稿，对方暂未回应。业内人士对这起人事调整的兴趣在于宇树科技的 IPO进程。 2025年7月，宇树科技与中信证券签署辅导协议，辅导备案在浙江证监局官网公示，IPO征程正式开启。10月，中信证券提交第一期辅导工作进展报告。不 出意外的话，当下的四季度就是宇树科技的上市时间段。 公司更名、高管调整后，宇树科技被曝引入另一位财务相关高级人员。10月30日，有报道称，杭可科技前财务总监、副总经理傅风华已正式入职宇树科技， 负责公司IPO相关事项。这一人事变动正值宇树科技上市进程加速之际——上周宇树科技IPO辅导机构中信证券提交了《辅导工作进展情况报告（第一 期）》，几乎同时，宇树科技将企业名称从"杭州宇树科技股份有限公司"变更为"宇树科技股份有限公司"，创始人王兴兴正式出任公司董事长。按既定安 排，宇树科技将在2025年四季度提交IPO申请。这家以四足机器人起家、人形机器人闻名的企业，距离登陆资本市场更近了一步。 10月30日的新闻主角傅风华的职业生涯与资本市场紧密相连。公开资料显示，傅风华于2010年9月至2018年5月任天健会计师事务所（特殊 ...

近期，宇树发布最新H2人形机器人，除了双脚离地的高动态旋转跳舞让人大呼震撼，2 自由度铰接式琴颈+ 内嵌头 部 的机器人 之眼 同样吸引了不少目光，有不少人猜测这或许是一种更先进、更融合的机器人"眼 睛"方案。 基于更灵活能够左右偏航和俯仰的头部，以及全新的机器人之眼方案，H2可更快实现360度环境感知，使机 器人无需转动整个躯干即可跟踪物体及其环境，运动控制算法还能实时调整步态以适应凹凸路面，动态感知能 力再上一个新台阶。 ▍激光雷达方案人成"眼睛"标配 眼睛是机器人感知的核心，因为随着人形机器人逐步进入家庭、工厂乃至户外等非结构化环境，其对环境的感 知需求已从"看见"升级为"快速理解并交互"。 在机器人之眼的路径上，一度分为视觉和激光雷达两个主要分 支。 此前，在特斯拉等企业的引领下，曾有部分人形机器人企业尝试纯视觉方案，通过立体视觉或深度学习估算深 度，但现实瓶颈在于，但 视觉传感器无法直接获得精确的距离信息，精度、计算量和实时性都面临挑战 ，尤 其在光照变化、纹理缺失的环境中容易失效。 更麻烦的是由于机器人的决策和路径规划依赖于内部构建的环境模型， 单一视觉传感器很难保证数据同步性 ，深度视觉信息和纹 ...

Market Review - The Huaxia Sci-Tech AI ETF (589010) rose by 0.58% on October 20, with a trading volume of approximately 163 million yuan, indicating stable market activity. The constituent stocks showed a mixed performance, with 22 stocks rising and 8 falling, led by Youke Technology, Daotong Technology, and Fudan Microelectronics, while Foxit Software experienced the largest decline [1] - The Robot ETF (562500) increased by 1.33%, showing a pattern of "rising then stabilizing." It reached a peak of 1.004 yuan during the day, with 63 out of 73 constituent stocks rising. Notable gainers included CITIC Heavy Industries, which hit the daily limit, and several others with gains between 4.5% and 6.5%. The trading volume over the past five days exceeded 1.29 billion shares, reflecting strong market recovery [1] Hot News - Yushu Technology launched a full-size humanoid robot H2, standing 180 cm tall and capable of carrying 70 kg, with a domestic component localization rate of 70%. The robot utilizes products from Suoteng Juchuang for laser radar and Tsinghua Tianji core for motion control, with a local procurement cost of approximately 180,000 yuan per unit [2] - Zhiyuan Robotics announced a multi-million yuan order for the G2 robot framework, set to deploy nearly 1,000 units in industrial manufacturing scenarios. Additionally, UBTECH secured a 126 million yuan contract for an intelligent project in Guangxi and over 32 million yuan in procurement contracts from an automotive technology company, with total orders for the Walker series exceeding 630 million yuan for the year [2] - Figure AI in the U.S. launched the Figure 03, designed for the Helix large model, featuring high-precision tactile perception and enhanced visual systems, with a weight reduction of 9%. The establishment of the BotQ factory aims for an initial annual production capacity of 12,000 units, marking a shift from demonstration to large-scale implementation for humanoid robots [2] Institutional Views - CITIC Construction Investment Securities expressed optimism regarding the accelerated industrialization of Tesla's Optimus and the high valuation financing of Figure, indicating that the sector is entering a period of continuous catalytic validation. The release and production guidance for the third-generation Optimus prototype are positive, and the overall market liquidity remains loose, favoring a return to technology growth configurations in robotics [3] - The preferred investment direction includes the Tesla supply chain, followed by Yushu and Zhiyuan, which have mass production capabilities. Recommendations focus on segments with technological upgrades, substantial product client samples, and expected differentiation [3] Popular ETFs - The Robot ETF (562500) is the only ETF in the market with a scale exceeding 20 billion yuan, offering the best liquidity and comprehensive coverage of the Chinese robotics industry chain, facilitating investor access to the sector [4] - The Huaxia Sci-Tech AI ETF (589010) is described as the "brain" of robotics, with a 20% price fluctuation limit and small-cap elasticity, aimed at capturing the "singularity moment" in the AI industry [4]