Investment Rating - The report maintains a "Buy" rating for the mechanical industry [1] Core Viewpoints - The humanoid robot sector is experiencing significant advancements, with companies like Unitree and Zhiwei Robotics making strides in product development and partnerships, indicating a robust growth trajectory for the industry [4][5][6] - The liquid cooling technology is becoming increasingly essential due to the rising power consumption of data center servers, with a projected increase in adoption as standards are established and high-power chips become more common [7][8] - The engineering machinery sector is expected to benefit from increased infrastructure investment, particularly with major projects like the Yarlung Zangbo River hydropower project, which will drive demand for machinery [13][14] Summary by Relevant Sections Humanoid Robots - Unitree Technology announced a new humanoid robot with enhanced flexibility, featuring 31 joints, a 19% increase from its previous model [4] - The humanoid robot industry is poised for a breakthrough in 2025, with mass production expected to address data scarcity issues and enhance practical applications [6] Liquid Cooling - The establishment of national standards for immersion liquid cooling power supplies is underway, which will guide the design and application of liquid cooling systems in data centers [7] - The shift towards liquid cooling is driven by the limitations of traditional air cooling systems in managing the heat generated by high-power chips [8] Engineering Machinery - The engineering machinery sector is witnessing a recovery in domestic sales, with excavator sales in July 2025 showing a year-on-year increase of 25.2% [14] - Major infrastructure projects, such as the Yarlung Zangbo River hydropower project, are expected to significantly boost demand for engineering machinery [13] Forklifts - Forklift sales have shown strong growth, with a total of 118,605 units sold in July 2025, reflecting a 14.4% year-on-year increase [15] - The rise of autonomous forklifts is anticipated to further enhance market growth, with a projected 39.3% increase in sales by 2025 [15] Rail Transit Equipment - The rail transit equipment sector is benefiting from increased investment in railway infrastructure, with significant growth in orders for high-speed train maintenance [16] Semiconductor Equipment - The push for domestic semiconductor equipment manufacturing is accelerating due to geopolitical tensions and trade restrictions, with a focus on critical equipment like photolithography machines [17][18] New Energy Equipment - The solid-state battery sector is expected to see rapid growth, with new equipment needs arising from the transition to solid-state production lines [21] - The market for photovoltaic equipment is also anticipated to recover as competition stabilizes and prices begin to rise [21]

Core Viewpoint - The launch of CASIVIBOT by Zhongke Huiyuan marks a significant transformation in the industrial quality inspection paradigm, moving beyond traditional AOI technologies to a more flexible and intelligent solution [2][4]. Group 1: Product Overview - CASIVIBOT is an embodied intelligent robot capable of mimicking human inspection actions, understanding defect nature, and evolving through group collaboration [2]. - The robot utilizes a "hand-eye-brain" collaborative technology framework, featuring a multi-spectral perception system for large-field scanning and micron-level precision detection [2]. - The mechanical arm and adaptable grippers allow for flexible operations, while the "Hui Brain" AI platform supports multi-modal fusion detection through a large database of defect samples [2]. Group 2: Industry Context - Industrial quality inspection has long faced challenges of inefficiency and quality improvement, with traditional AOI technologies becoming bottlenecks due to their fixed detection boundaries and long implementation cycles [3]. - The combination of AOI and robotics creates a synergistic effect, enhancing both efficiency and precision in quality inspection processes [3]. - The new paradigm in industrial quality inspection is expected to break the limitations of traditional AOI devices, adapting to complex industrial scenarios with rapid deployment and continuous evolution capabilities [4].

经观汽车 8月19日，国内AOI（自动光学检测）设备制造商中科慧远发布了其首款工业具身质检机器人 CASIVIBOT。这是工业质检从单一视觉向全面智能化升级的一个开端。 "时代正在呼唤一种新的质检范式，它必须打破传统AOI设备的边界，能够适配复杂多变的工业场景， 又具备快速导入、灵活部署、持续进化的能力。我们相信，工业质检的未来，将由具身智能机器人打 开。"中科慧远总经理张武杰表示。 中科慧远成立至今已有9年时间，在过去主要向工业产业链客户供应传统AOI设备，至今累计出货超过 千台，并积累了大量的经验和数据，所服务的行业覆盖3C、传统家居、汽车、半导体等行业。 不过，随着多个行业产业链向智能化方向升级，制造场景碎片化、产品形态多样化、工艺流程复杂化都 成为制约传统AOI设备发挥其功能的重要因素，尤其是在应对一些柔性化场景和非标准的瑕疵时，AOI 设备的固定检测边界、长周期导入的特性，让质检需求与检测设备的矛盾愈加突出。当前，"最后一公 里"质检环节还需高度依赖人工。 中科慧远发布的工业具身质检机器人CASIVIBOT，正是一款用来解决工业质检痛点的产品。与市面上 多数依然停留在单一视觉检测或机械臂分拣的尝试不 ...

Group 1 - The core viewpoint of the article is the launch of the CASIVIBOT industrial inspection robot by Zhongke Huiyuan, which utilizes an embodied design and a "hand-eye-brain" collaborative technology architecture for flexible operations on industrial production lines [1] Group 2 - The "eye" component consists of a multi-spectral perception system made up of three camera groups, enabling wide-field scanning and micron-level precision detection, supporting the identification of various materials, complex surfaces, and highly reflective workpieces [1] - The "hand" is a combination of a robotic arm and interchangeable dexterous grippers, simulating the flexible movements of a human arm, capable of autonomous obstacle avoidance and path adjustment through trajectory planning algorithms [1] - The "brain" is based on Zhongke Huiyuan's accumulated engineering inspection experience in industrial quality control, featuring the self-developed "Hui Nao" AI platform, which includes a vertical industry large model and a database of millions of precisely labeled defect samples, demonstrating small sample transfer capabilities within the industry [1]