数据显示，上半年，最终消费支出对经济增长贡献率52%，资本形成总额贡献率16.8%，货物和服务净出口贡献率31.2%。"三驾马车"中，消费是 促进GDP增长的主动力。 6月18日，在广西柳州市北部生态新区机器人产业园，工人检查即将下线的工业版人形机器人。新华社发（黎寒池摄） 中国人民大学经济学院教授王孝松认为，从上半年的数据来看，中国经济的发展可以说稳中有进，表现出强大韧性和未来发展潜力，这主要得益 于我国产业基础好，无论是制造业还是服务业近年来实现了长足进步。上半年的数据显示，装备制造业的增加值、投资增长都非常快，体现出中 国经济具有强大的韧性和发展潜力。另外国家出台了一系列稳增长政策，无论是财政政策还是有针对性的货币金融政策，这些都起到了非常积极 的效果。 这是6月12日在浙江省温岭银泰城的泡泡玛特门店拍摄的LABUBU系列产品。 新华社发（徐伟杰摄） 上半年，消费市场热度不断攀升，超大规模市场潜力持续释放，成为中国经济活力的生动注脚。从市场销售看，上半年，社会消费品零售总额为 24.55万亿元，同比增长5%。 7月15日，国家统计局发布数据显示，上半年，中国国内生产总值（GDP）660536亿元，按不变 ...

2025.06. 28 本文字数：2809，阅读时长大约4.5分钟 作者 | 第一财经 郑栩彤 人形机器人正在从实验室"手搓"走向工厂制造。 在深圳，创业公司智平方正在规划自建产线，以实现2028年万台场景应用的商业目标。另一家瞄准 工业应用的人形机器人厂商近日告诉记者，公司原本是工程师手动组装机器人，现在也在计划建三个 工厂。 机器人产量要增加就需要告别"手搓"、建立产线。随着人形机器人产量望向增长，供应链厂商也在加 码。6月26日，领益智造宣布公司将"All In"具身智能。记者了解到，该公司打算切入三类业务，包括 核心零部件和总成研发设计、全方位硬件服务、工业应用场景落地开发，目标是成为全球前三的具身 智能硬件制造商。领益智造是消费电子硬件上游零部件厂商，是"果链"厂商，此前也进入了汽车供应 链，今年以来则在加码机器人。 记者了解到，供应链厂商进入人形机器人领域，要解决的远不止产能问题，还涉及如何推动零部件标 准化、如何降本等问题。 望向规模化生产 今年年初，智元机器人的第1000台通用具身机器人下线，吹响了国内人形机器人量产的号角。更多 厂商在计划建设产线、扩大产量。 6月，智平方一边推动通用智能机器 ...

Core Insights - The humanoid robot industry is transitioning from manual assembly to large-scale production, with companies like Zhifang and Lingyi Zhizao planning to establish production lines to meet increasing demand [1][2][3] - Supply chain manufacturers are entering the humanoid robot sector, focusing on standardizing components and reducing costs to enhance production efficiency [1][6] - The domestic humanoid robot market is maturing, with companies announcing mass production plans and competitive pricing compared to international counterparts [5][6] Group 1: Industry Developments - Zhiyuan Robotics has marked the production of its 1000th general-purpose humanoid robot, signaling the start of mass production in China [2] - Lingyi Zhizao has announced plans to invest 50 million yuan in upgrading its key components and assembly for humanoid robots [2][3] - The company has established multiple production lines for core components and is working on automated assembly lines to enhance production capacity [3] Group 2: Supply Chain Challenges - The humanoid robot industry faces challenges in standardizing components, which complicates cost reduction and profitability for suppliers [6][7] - Many suppliers are hesitant to collaborate due to low production volumes, but this is changing as manufacturers ramp up production [2][6] - The complexity of assembly processes and the need for consistent quality across mass-produced units present significant hurdles for manufacturers [7] Group 3: Material Innovations - New materials, such as gallium nitride, are being explored for use in humanoid robots, particularly in electric motor applications [8] - The industry is looking to leverage materials used in consumer electronics to reduce weight and improve performance in humanoid robots [7][8] - There is potential for market opportunities in developing new materials specifically tailored for humanoid robot applications [7][8]

Core Viewpoint - The meeting emphasized the importance of addressing debt issues in Liuzhou while focusing on high-quality economic development, aligning with national strategies and policies [1][2]. Debt Resolution and Economic Development - Liuzhou is tasked with resolving its debt issues while simultaneously promoting high-quality development, leveraging a package of support policies from the autonomous region [1][2]. - The city has a clear timeline for reducing non-standard debt by 50 billion yuan and 272 billion yuan by 2024, with a goal to eliminate non-standard debt by mid-2025 [2]. Industrial Focus and Challenges - Liuzhou, as the largest industrial city in Guangxi, contributes approximately one-sixth of the region's industrial output, with over 1,000 large-scale industrial enterprises [3]. - The city's GDP for 2024 is projected at 2,950.67 billion yuan, with a year-on-year growth of 1.5%, indicating a continuous decline compared to national and regional averages [3]. - The city faces challenges in industrial transformation and upgrading, particularly in integrating traditional industries with new information technologies [3]. Technological Innovation and Industry Development - The meeting highlighted the need for deep integration of technological and industrial innovation, aiming to transform traditional industries towards high-end, intelligent, and green development [3]. - Liuzhou has initiated measures to support the development of intelligent terminals and robotics, aiming to enhance the quality and quantity of strategic emerging industries [4].

证券研究报告 | 行业周报 2025 年 06 月 24 日 机械 5 月我国工程机械出口额同比+8.5%，叉车 5月销量同比+11.8% 行业要闻：5月我国工程机械出口额同比+8.51%。据海关数据，2025 年 5 月我国工程机械进出口贸易额 52.38 亿美元，同比+8.1%，其中：进口额 2.14 亿美元，同比-0.74%；出口额 50.24 亿美元，同比+8.51%。1-5 月我国工程 机械进出口贸易额 241.85 亿美元，同比+8.49%。其中进口额 10.9 亿美元， 同比-0.86%；出口额 230.95 亿美元，同比+8.98%。按人民币计价，5 月出 口额 361.68 亿元，同比+10.1%。1-5 月出口额 1659.1 亿元，同比+10.2%。 5 月工程机械行业主要产品销售快报二发布。据中国工程机械工业协会统计， 2025 年 5 月当月销售 1）平地机：649 台，同比-3.28%，其中国内销量 112 台，同比+31.8%；出口量 537 台，同比-8.36%；2）汽车起重机：1748 台， 同比-8.1%，其中国内销量 978 台，同比-3.36%；出口量 770 台，同比 ...

·新华图片精选· 天津：智慧赋能 夯实港口"硬实力" 6月19日，智能水平运输机器人行驶在天津港第二集装箱码头（无人机照片）。作为我国港口智慧化转型的"试验田"，近年来天津港持续推动传统码头全流 程自动化升级，打造智慧绿色枢纽港口升级版。 目前，天津港已实现集装箱与干散货码头智能化改造全覆盖，大型集装箱设备自动化率超88%，平均作业 效率提升15%。 新华社记者 赵子硕 摄 02:21 三峡船闸通航22年货运量超22亿吨 6月18日，在湖北宜昌，船舶有序通过三峡双线五级船闸（无人机照片）。2025年6月18日，三峡船闸迎来运行22周年。据交通运输部长江三峡通航管理局统 计，自2003年6月18日正式向社会船舶开放通航以来，三峡船闸累计运行21.5万闸次，通过船舶107.4万余艘次、旅客1229.1万余人次，过闸货运量达22.4亿 吨，充分助力长江"黄金水道"释放"黄金效益"。 新华社发（郑家裕 摄） 广西工业版人形机器人下线 6月18日，在广西柳州市北部生态新区机器人产业园，工人检查即将下线的工业版人形机器人。当日，在广西柳州市北部生态新区机器人产业园，柳州优必 选智能科技有限公司量产工业版人形机器人"Wal ...

Core Viewpoint - The launch of the first industrial humanoid robot, Walker S1, in Liuzhou, Guangxi, marks a significant advancement in high-end robot manufacturing, filling a gap in the region's core components and complete machine production [1] Group 1: Product Launch - The first industrial humanoid robot, Walker S1, has been produced, with a total of 20 units being launched [1] - The humanoid robot features a human-like form, flexible joints, and advanced intelligent decision-making capabilities, allowing it to quickly adapt to complex production line demands [1] Group 2: Industry Impact - The humanoid robots will soon be deployed for training at a local automotive company, indicating their practical application in the industry [1] - The integration of these robots with traditional automation equipment aims to address the challenges of flexible and unmanned production in complex scenarios, contributing to the transformation and upgrading of the automotive industry in Liuzhou and across China [1]