工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从机械设备行业中选取涉及机床整 机制造及关键零部件供应的上市公司证券作为指数样本，覆盖数控系统、轴承、主轴和刀具等多个细分 领域。成分股广泛服务于工业、电子、新能源与机器人等下游行业，旨在反映中国机床产业链上市公司 证券的整体表现。 （文章来源：每日经济新闻） 西部证券指出，商业航天运力已成为卫星互联网发展乃至商业航天发展的关键，考虑到星网的高频发 射，以及2025年四季度及2026年上半年有多款中大型商业火箭首飞的预期，商业航天拐点或将至。此 外，机械设备行业在无人环卫车、航空发动机及燃气轮机、3D打印等领域应用拓圈，市场空间广阔。 ...

每日经济新闻 （责任编辑：张晓波 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 江海证券指出，国内人形机器人商业化步伐加快，头部企业持续释放利好。优必选近期接连斩获大 额订单，在手订单金额已达近4亿元；智元、慧智物联等企业也积极推动人形机器人在不同场景的应用 落地，订单合同逐步形成。海外市场方面，Figure获得10亿美元融资，特斯拉发布Optimus 3最新进展， 产品迭代升级显著。在政策支持与产业链企业合作加快的背景下，人形机器人产业有望进入快速发展 期。 工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取涉及机床整 机制造、数控系统、关键零部件供应等业务的上市公司证券作为指数样本，覆盖机械设备、电子、新能 源及机器人等领域。指数聚焦于中国机床产业链核心环节，旨在反映机床产业上市公司证券的整体表 现，兼具盈利稳健性和技术创新成长性特征。 没有股票账户的投资 ...

注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不 预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参 考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险 等级相匹配的产品。基金有风险，投资需谨慎。 江海证券指出，国内人形机器人商业化步伐加快，头部企业持续释放利好。优必选、智元等企业相 继斩获大额订单，优必选在手订单金额已达近4亿元，智平方与慧智物联达成战略合作，计划部署超 1000台具身智能机器人。傅利叶人形机器人GR-3开启预售并计划交付。海外方面，Figure获10亿美元融 资，特斯拉Optimus 3在抓握精度和操作灵活性上显著提升。国家及地方政府持续加码支持，广州、河 南等地出台政策推动具身智能机器人产业发展。新标准《人形机器人数据集标准》及"浦江X"平台发 布，助力技术迭代与商业化落地。在政策支持与产业链企业合作加快的背景下，人形机器人产业进入快 速发展期。 工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从沪深市场中选取涵盖机床整 机制造商、数控系统、轴承、 ...

Group 1 - The robotics sector is experiencing significant growth, with the Robotics Industry ETF (159551) rising by 3.42% and the Industrial Mother Machine ETF (159667) increasing by 2.09% on September 16 [1] - Elon Musk is actively involved in Tesla's robotics initiatives, planning a technical evaluation of the AI5 chip design and holding meetings on artificial intelligence, autonomous driving, and humanoid robots [1][2] - Musk recently increased his stake in Tesla by purchasing 2.57 million shares at prices ranging from $372.37 to $396.54, totaling approximately $1 billion [1] - Tesla's board proposed a $1 trillion 10-year incentive plan for Musk, contingent on achieving the delivery of 1 million Optimus robots, with a vote scheduled for the November shareholder meeting [1][2] Group 2 - The focus of Musk's recent actions aligns with a new compensation package, indicating a strategic shift back to core businesses such as FSD, Robotaxi, and Optimus [2] - The fourth quarter is expected to bring a beta market for the robotics sector, with Tesla's third-generation humanoid robot release imminent and a shareholder meeting in November [2] - Domestic company Yushu Technology is anticipated to go public by the end of the year, with ongoing technological iterations and capital operations likely to catalyze the sector [2] - Investing in robotics-related ETFs can help diversify risk and capture opportunities within the rapidly evolving robotics sector, with the Robotics Industry ETF (159551) covering both international and domestic humanoid robot-related stocks [2]

Market Overview - The A-share market showed a rebound after initial declines, with the Shanghai Composite Index up 0.04%, Shenzhen Component Index up 0.45%, and ChiNext Index up 0.68% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.34 trillion, an increase of 64 billion from the previous trading day [1] - The overall market sentiment improved, with over 3,600 stocks rising, particularly in the robotics sector, which saw significant gains [1] Robotics Sector - The robotics sector led the market with the Robotics Industry ETF (159551) rising by 3.42% and the Industrial Mother Machine ETF (159667) increasing by 2.09% [8] - Recent developments from Tesla, including Elon Musk's plans for AI chip evaluations and stock purchases, indicate a strong focus on robotics and AI technologies [9][11] - The upcoming Tesla shareholder meeting and the release of the third-generation Optimus robot are expected to catalyze further interest in the robotics sector [11] Gold Market - Gold prices continued to rise, supported by signs of a weakening U.S. economy and ongoing discussions about de-dollarization in the global monetary system [3][5] - The U.S. labor market shows concerning trends, with a significant downward revision of non-farm employment figures and a rising unemployment rate when considering part-time workers [3][4] - Central banks, including China's, are increasing their gold reserves, with China's reserves reaching 74.02 million ounces, marking a continuous increase for ten months [5] Domestic Computing Power - The domestic computing power sector performed well, with the Xinchuang ETF (159537) up 2.06% and the Sci-Tech Chip ETF (589100) up 1.36% [12] - Ongoing U.S.-China trade negotiations and regulatory scrutiny on companies like NVIDIA are influencing the domestic chip market [12][13] - The geopolitical risks are strengthening the logic for domestic computing power, making it a potentially attractive investment area [13]

Core Viewpoint - The global manufacturing investment is accelerating, benefiting the machinery and automation equipment industries due to multiple favorable factors, including the re-industrialization trend in Europe and the U.S. [1] Group 1: Global Manufacturing Trends - The global PMI reached a 14-month high in August, indicating significant expansion in the machinery and metal manufacturing sectors [1] - Germany's fiscal stimulus has pushed the manufacturing PMI above the neutral line for the first time since June 2022 [1] Group 2: U.S. Market Dynamics - The U.S. is entering a restocking phase, with a decrease in the inventory-to-sales ratio for construction and industrial machinery, and new orders showing a year-on-year increase [1] - Excavator sales are rapidly recovering despite weak infrastructure and real estate sectors, demonstrating strong resilience in industrial product recovery [1] Group 3: Financial Environment - The global interest rate cut cycle, with the Federal Reserve expected to lower rates three times between September and December 2025, is likely to reduce financing costs and further stimulate capital expenditure [1] Group 4: Industry Representation - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects listed companies involved in machine tool manufacturing and related technology development to reflect the overall performance of the machine tool industry [1] - The China Securities Machine Tool Index has high industry representativeness and focuses on the industrial machinery sector, reflecting the market value and technological strength of related enterprises [1]

Group 1 - The manufacturing level in China is globally leading, with many manufacturing equipment having a high degree of reuse, indicating challenges in expansion and higher barriers in certain segments [1] - Specific components, such as planetary roller screws, have high material and equipment requirements, with critical processes including thread grinding, surface hardening, and precision assembly, highlighting a significant reliance on external sources for key grinding machines [1] - The Industrial Mother Machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects listed companies involved in machine tool manufacturing and related technology development to reflect the overall performance of the machine tool industry [1] Group 2 - The China Securities Machine Tool Index has high industry representativeness, focusing on the industrial machinery sector, which can reflect the market value and technological strength of related enterprises [1] - Investors without stock accounts can consider the Guotai China Securities Machine Tool ETF Initiated Link A (017471) and Link C (017472) [1]

Market Overview - The market experienced fluctuations with a total trading volume of 2.87 trillion yuan, an increase of 125 billion yuan compared to the previous trading day [1] - The Shanghai Composite Index fell by 0.45%, the Shenzhen Component Index dropped by 2.14%, and the ChiNext Index decreased by 2.85% [1] - Despite the market's pullback, active trading indicates that many investors are seizing the opportunity to enter the market [1] Gold Market Insights - Gold prices are showing signs of upward momentum, driven by expectations of a Federal Reserve rate cut in September, with a nearly 90% probability according to CME Fed Watch data [3][5] - Recent geopolitical uncertainties and the potential impact of U.S. tariffs on inflation are contributing to the bullish outlook for gold [3][5] - The independence of the Federal Reserve may be compromised by recent actions from the Trump administration, which could further support gold prices in the long term [5] Robotics Industry Developments - The humanoid robot sector saw a rise, with the robotics industry ETF increasing by 0.45% [6] - Tesla's anticipated production of humanoid robots and its "Master Plan" to integrate AI into physical products are key developments in the industry [6][7] - The domestic robotics company Yushu Technology plans to submit an IPO application in Q4, which will provide more operational data [6] Industrial Machinery Sector - The industrial machinery sector showed positive performance, with the industrial mother machine index rising by 1.80% [8] - A new standardization plan aims to establish a high-quality standard system for industrial mother machines by 2026, which could enhance product quality and international competitiveness [8] - The machine tool industry is recovering, with a reported revenue of 578.9 billion yuan from January to July 2025, a slight decline of 1.0% year-on-year, but with significant growth in specific segments like metal cutting and forming machines [9]

Core Viewpoint - The industrial mother machine ETF (159667) has seen a significant inflow of 60 million units, indicating strong market interest in the industrial mother machine assets. The release of the "High-Quality Standard System Construction Plan for Industrial Mother Machines" on September 1 highlights the government's focus on enhancing standards in this sector [1]. Group 1: Industry Developments - The "High-Quality Standard System Construction Plan" consists of six levels: basic general, design matching, manufacturing equipment, manufacturing processes, inspection and testing, and industry applications, comprising 34 major categories and 17 subcategories, with dynamic adjustments based on industry development [1]. - Key tasks outlined in the plan include accelerating the development of urgently needed standards, promoting the revision of series standards, strengthening the development of standards in cross-disciplinary fields, and enhancing the internationalization of China's standards [1]. Group 2: Market Insights - The industrial mother machine ETF (159667) tracks the China Securities Machine Tool Index (931866), which selects listed companies involved in machine tool manufacturing and related technology development, reflecting the overall performance of the machine tool industry [2]. - The China Securities Machine Tool Index is highly representative of the industry, focusing on the industrial machinery sector, and is indicative of the market value and technological strength of related enterprises [2].

Group 1 - The industrial mother machine ETF (159667) has seen a net inflow of 17 million units, indicating strong capital interest in the industrial mother machine assets [1] - The robotics industry is experiencing active performance due to recent catalysts such as Nvidia's new model launch, Zhiyuan Robotics' new product releases, and Tiantai Robotics securing the largest global order [1] - The design schemes and technologies for humanoid robots are still relatively diverse, but as the industry accelerates and application scenarios materialize, the technical paths are expected to converge [1] Group 2 - The combination of 3D printing technology and new materials is expected to drive the miniaturization of core components to meet lightweight demands [1] - Electrification is becoming a significant trend in the engineering machinery sector, with various electric devices already applied in major domestic projects [1] - The industry is projected to see a year-on-year increase in import and export sales in the first half of 2025, with positive mid-year performance expectations [1] Group 3 - The China Securities Machine Tool Index (931866), which the industrial mother machine ETF tracks, selects listed companies involved in machine tool manufacturing and related technology development to reflect the overall performance of the machine tool industry [1] - The index has high industry representativeness and focuses on the industrial machinery sector, reflecting the market value and technological strength of related enterprises [1]