[Table_Main] 行业研究|工业 证券研究报告 工业行业周报、月报 2025 年 04 月 28 日 [Table_Title] 小鹏 IRON 亮相上海车展，具身智能机 器人运动会开幕 ——人形机器人产业周报 [Table_Summary] 报告要点： 周度行情回顾 2025 年 4 月 20 日至 4 月 25 日，人形机器人概念指数上涨 5.73%， 相较沪深 300 指数跑赢 5.35pct；年初至今累计涨跌幅来看，人形机 器人概念指数上涨 28.97%，相较沪深 300 指数跑赢 29.84pct。 周度热点回顾 政策端，山东省制造业创新中心培育认定启动，重点面向人工智能、 量子科技、人形机器人等未来产业；上海市经信委开展 2025 年通用 人工智能创新任务揭榜挂帅工作，聚焦具身智能等五大方向，对异构 人形机器人等进行技术攻关。 产品技术迭代方面，宇树科技将于 2025 年 5-6 月举办全球首场"人形 机器人格斗大赛"；日本 Ainos 公司成功将 AI 鼻子系统装入人形机器 人，拓展感知能力；特斯拉公开 Optimus 试生产线，预计年底将有数 千台在工厂工作；Hugging Face ...

Industry Investment Rating - The investment rating for the mechanical equipment industry is "Outperform the Market" and is maintained [1] Core Viewpoints - Tesla's Q1 2025 revenue was $19.335 billion, a decrease of 9% year-on-year, with net profit down 71% to $409 million. The decline was attributed to various factors including supply chain challenges and trade restrictions [3][4] - Tesla plans to produce several thousand Optimus robots in 2025, with a long-term goal of reaching 1 million units by 2029-2030. This production timeline has been slightly delayed due to supply chain issues [4][5] - The new version of Optimus features significant hardware upgrades, including enhanced tactile sensing and a redesigned shoulder and arm structure, which are expected to improve performance and efficiency [4] - Supply chain challenges are being addressed through negotiations with the Chinese government and design optimizations to mitigate the impact of export restrictions on rare earth materials [5] - The performance of Tesla's Q1 results, while impacted by short-term factors, does not detract from the long-term growth potential of its robotics and technology advancements [5] Summary by Relevant Sections Industry Overview - The closing index for the mechanical equipment industry is 1553.27, with a 52-week high of 1803.12 and a low of 1122.98 [1] Recent Developments - At the Shanghai Auto Show, Xpeng's humanoid robot IRON showcased significant improvements in flexibility and interaction capabilities, utilizing advanced AI technology [7] - Xpeng plans to achieve L3 level mass production for industrial applications by 2026, leveraging synergies from its automotive background [7] Related Companies - Key companies mentioned include: - Actuator Assemblies: Sanhua Intelligent Control, Top Group - Lead Screws: Wuzhou New Spring, Beite Technology, Siling Co. - Force Sensors: Keli Sensor, Hanwei Technology, Lingyun Co. - Harmonic Reducers: Green Harmonic, Meihua Co. - Dexterous Hands: Mingzhi Electric, Zhaowei Electromechanical, Zhejiang Rongtai, Daye Co. [6][8]