2025 年 6 月 3 日 行业研究 "格物-致知"通用具身智能开发平台发布，工程机械景气度持续复苏 ——机械行业周报 2025 年第 22 周（2025.5.26-2025.6.1） 机械行业 买入（维持） 作者 分析师：黄帅斌 执业证书编号：S0930520080005 0755-23915357 huangshuaibin@ebscn.com 分析师：陈佳宁 执业证书编号：S0930512120001 021-52523851 chenjianing@ebscn.com 分析师：汲萌 执业证书编号：S0930524010002 021-52523859 jimeng@ebscn.com 分析师：李佳琦 执业证书编号：S0930524070006 021-52523836 lijiaqi@ebscn.com 分析师：庄晓波 执业证书编号：S0930524070018 0755-25310400 zhuangxiaobo@ebscn.com 联系人：夏天宇 xiatianyu@ebscn.com 行业与沪深 300 指数对比图 -30% -10% 10% 30% 50% 24/06 24/09 24/12 ...

【市场复盘】 周一(5月26日)，截至收盘，科创人工智能ETF华夏(589010)下跌0.1%，持仓股涨跌互现，中邮科技上涨 20%领涨，天淮科技、海天瑞声跟涨，石头科技下跌4.32%领跌，凌云光、道通科技跌幅靠前；机器人 ETF(562500)上涨0.24%，持仓股信邦科技上涨16.16%领涨，克来机电（603960）、东杰智能 （300486）等个股涨幅靠前。当日交易金额4.07亿元，居相同标的ETF首位，换手率3.10%，市场成交 活跃。 【热点要闻】 1、四川具身人形机器人科技有限公司(以下简称具身科技)近日宣布年底发布颠覆性产品——情感机器 人"爱湫EMO1"。同时，具身科技宣布已完成数千万元天使轮融资，估值数亿元，策源资本与沛坤基金 战略注资。此次融资将重点投入情感驱动引擎研发，旨在让人形机器人真正走进人类情感世界。 2、中国信通院等二十余家头部企业共同编制的《面向软件工程智能体的技术和应用要求第1部分：开发 智能体》近日发布。该标准围绕技术能力、服务能力两大维度，提出了开发智能体的能力建设和应用要 求。 华源证券认为，AI陪伴玩具与机器人是AI技术在消费端最早落地的应用领域之一。从产品形态来看， ...

在机器人产业爆发的2025年，一家明星机器人公司却骤然倒下了。 深圳森合创新科技有限公司（以下简称森合创新），曾被誉为"新生代割草机器人领域的领军者"，却遭 遇了不可预见的困境。公司创始人李畅在社交媒体上无奈地宣布，尽管团队全力以赴推进产品的交付， 但由于团队意外重组、生产制造难题以及资金受限等多重因素，公司已经无法继续维持运营。 据相关资料显示，森合创新成立于2022年8月，专注于"无边界智能割草机器人"的研发。公司创始人李 畅曾是扫地机器人独角兽企业云鲸的早期核心成员之一。在二次创业中，李畅带领的森合创新受到了资 本市场的高度关注，并成功获得了蓝驰创投、泓诺创投、无锡微光创投等知名风险投资机构的资金支 持。 值得一提的是，成立仅两年多的森合创新已经将业务拓展至全球市场，并通过Kickstarter平台成功众筹 了230万美元。这笔资金主要用于支持其明星产品——割草机器人Oasa R1的研发和推广。该产品吸引了 来自全球的1790名支持者，但最终实际交付的订单数量却寥寥无几。对于许多海外支持者来说，原本期 待的"割草神器"最终却变成了"割韭菜"的工具。森合创新的失败也从侧面反映出机器人产业中存在着良 莠不齐 ...

Group 1 - The core viewpoint emphasizes the importance of civil affairs departments in enhancing public welfare and ensuring basic living standards for vulnerable groups [1][2] - The "one elderly and one child" care service system has been improved, highlighting the role of social organizations and charitable efforts in supporting these initiatives [1] - The new Marriage Registration Regulations, effective from May 10, allow for nationwide registration, enhancing accessibility and support for diverse cultural practices [1] Group 2 - Elderly care services have expanded from focusing solely on impoverished seniors to encompassing all elderly individuals, integrating material support, social services, and emotional care [2] - The use of technology, such as emotional robots and monitoring devices, is being implemented to provide dignified and humane care for the elderly [2] - The civil affairs system aims to deliver precise and timely support to those in need, ensuring that government assistance reaches every vulnerable individual effectively [2]

Core Insights - The meeting focused on enhancing civil affairs missions to improve people's well-being, highlighting the increasing demand for diversified and personalized civil services as the economy develops [1] Group 1: Elderly Care Services - The future of elderly care services is expected to be more intelligent and data-driven, utilizing smart products to address both physiological and psychological needs of the elderly [2] - The scope of elderly care has expanded from primarily serving the underprivileged elderly to encompassing all elderly individuals, with services now including material support, social services, and emotional care [4][5] - Welfare institutions are adopting advanced technologies such as emotional robots and fall detection systems to enhance the quality of care provided to the elderly [4][5] Group 2: Social Assistance and Support - The range of social assistance has broadened from just five guarantee categories in 2002 to include various low-income groups, with significant improvements in support standards [3] - Future efforts will focus on dynamic monitoring and precise identification of low-income individuals through a shared big data platform, streamlining application processes to benefit those in need [3] - A comprehensive assistance model combining material support with diverse services is being developed, alongside collaboration with charitable organizations to enhance resource availability [3] Group 3: Child Welfare Services - Child welfare services are evolving from traditional orphan care to include various vulnerable children, with an emphasis on improving support standards and expanding service offerings [5] - The integration of multiple professional resources in child welfare is being prioritized to create a better living environment for children, focusing on medical, rehabilitation, educational, and social integration services [5]