以下文章来源于睿兽Pro ，作者Bestla 睿兽Pro . 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资源，就上睿兽分析。 行业定义 电子皮肤（Electronic Skin， E -skin）是一种模拟人类皮肤感知功能的柔性电子系统，能够感知压力、温度、湿度、应变、化学物质等外界刺激。它通 常由柔性传感器、导电材料与微电子电路构成，具有柔软、可拉伸、可贴附的特性，目标是在机器人、生物医疗和可穿戴设备中实现"皮肤般的触觉"。 来源： Nature Communications 在打造更智能、更 逼真 的机器人道路上，"皮肤"正成为突破关键。相比传统刚性材料，具备柔性、伸展性与感知能力的"电子皮肤"正逐步走入主流视野。 这类柔性传感器不仅 具有柔性化、灵敏性、伸展性 和 柔韧性等特征 ，还 能模拟人类的触觉与感知。 柔性传感器构建的电子皮肤通过集成微型传感器阵列，能够精确捕捉细微的压力、温度以及触觉变化。这些传感器通常依赖于电阻、电容等电学参数的变化 来感知外界刺激，从而实现高度灵敏的响应机制。为了模拟人类皮肤的可拉伸性与柔韧性，其表面采用了诸如硅橡胶、高分子聚合物 ...

证券研究报告 2025 年 07 月 08 日 | 市场数据 | | | | --- | --- | --- | | 指数名称 | 收盘 | 涨跌% | | 上证指数 | 3473.13 | 0.02 | | 深证成指 | 10435.51 | -0.70 | | 创业板指 | 2130.19 | -1.21 | | 科创 50 | 978.29 | -0.66 | | 北证 50 | 1401.92 | -0.93 | | 沪深 300 | 3965.17 | -0.43 | A 股市场概览 | 类别 | 总市值 | 流通市 | 市盈率 | 市净率 | | --- | --- | --- | --- | --- | | | (亿元) | 值(亿元) | PE | PB | | 上证指数 | 674338 | 523920 | 12.43 | 1.29 | | 深证成指 | 229062 | 188155 | 20.36 | 2.15 | | 创业板指 | 59793 | 47497 | 27.91 | 3.88 | | 科创 50 | 34224 | 22724 | 53.14 | 4.12 | | 北证 ...

Summary of Conference Call Records Industry Overview - The records discuss the competitive landscape of the dexterous hand market, focusing on the products from Zhaowei and Xingdong Era, particularly their direct-drive technologies and design challenges [1][2][3]. Key Points and Arguments Product Pricing and Competitiveness - Zhaowei's new dexterous hand is priced at 128,000 yuan, which is competitive compared to its main competitor, Xingdong Era, priced around 100,000 yuan [3][4]. - The pricing strategy is justified given the product's nearly 20 degrees of freedom and enhancements in tactile feedback, gear lifespan, motor performance, and software control [1][2]. Technological Innovations - Zhaowei employs linear motors and screw drives for its finger joints, achieving a design that closely mimics human hand structure with three finger joints [1][6]. - The direct-drive technology allows for independent control of each joint, simplifying algorithm calculations and enhancing the potential for imitation and reinforcement learning [5][12]. Design Challenges - Space limitations are a critical challenge in the design of dexterous hands. Zhaowei has innovatively used linear stepper motors to keep the height of the power unit under 2 centimeters, allowing for a compact design [9][10]. - Current direct-drive dexterous hands face constraints related to the size of micro motors and reducers, which can compromise performance [10][11]. Performance and User Experience - Both dexterous hands demonstrated acceptable heat generation during testing, indicating efficient thermal management [13]. - In terms of tactile sensing, Zhaowei's products utilize high-quality sensors, with the 17-degree-of-freedom version featuring advanced tactile sensors capable of sensing normal and tangential forces [15]. Future Directions - The future focus includes developing smaller, high-precision power modules and applying these technologies in large model robots for data collection and model training [12]. - The anticipated growth in the direct-drive dexterous hand market is expected as these technologies evolve [12]. Cost Considerations - While both dexterous hands are priced similarly, Zhaowei's higher costs are attributed to the extensive use of screws, including stepper trapezoidal screws and ball screws, which are more expensive than the components used by Xingdong [14]. Supplier Dynamics - The choice of suppliers for Tesla's fourth-generation dexterous hand will significantly influence its design and pricing strategy, with a preference for suppliers that can provide high torque, compact size, and cost-effective solutions [18]. Additional Important Insights - The design of finger joint lengths is crucial for achieving natural movement and grip capabilities, with Zhaowei aiming to keep joint lengths around 2.5 centimeters for optimal functionality [8]. - The market currently lacks small-sized harmonic reducers, which could enhance efficiency in dexterous hand designs [16]. This summary encapsulates the critical insights from the conference call records, highlighting the competitive dynamics, technological advancements, and future prospects within the dexterous hand industry.

▍专注于灵巧手与神经接口的前沿技术研发商傲意科技完成近亿元B++轮融资 近日，专注于灵巧手与神经接口的前沿技术研发商傲意科技完成近亿元B++轮融资，由英飞尼迪资本、浙江省国 有资本运营有限公司旗下浙江省发展资产经营有限公司、沃美达资本共同投资，升氪剂资本担任长期财务顾问。 这是继2024年年底傲意科技完成B+轮融资后，在3个月内再次快速交割的新一轮融资。 据了解，本轮融资将重点用于加速灵巧手技术领域的持续研发突破，推动新一代灵巧手产品上市进程，并加速手 指关节外骨骼机器人的上市进度。同时，建立国际领先的标准化生产体系，优化生产流程，实现年产能100%增 长。此外，傲意科技还将进一步推进全球化市场布局，为全球客户提供更优质、更高效的解决方案。 上海傲意信息科技有限公司成立于2015年3月，作为国内少数同时掌握脑机接口与机器人两大底层核心技术的创 新企业，公司始终专注于脑科学与机器人技术的交叉融合，成功构建了"神经接口-机器人-AI算法"三位一体的自 主研发平台。经过近十年的技术沉淀，傲意科技已开发出多款兼具技术领先性与商业可行性的创新产品，产品性 能与性价比均获得全球市场的广泛认可。 在具身机器人这一前沿领域， ...

机器人板块展望及重点标的更新 20250511 摘要 • 人形机器人产业迎来速迭代和政策催化，特斯拉机器人更新或带来结构性 投资机会，算法智能提升是重要因素，国内如华为的进展值得关注。优必 选机器人格斗大赛和运动会将推动技术提升，展示产业信心。 • 优必选在人形机器人领域领先，工业场景合作企业超 15 家，东风有限首 批订单超 1,000 万元。预计今年交付 300-500 台工业级机器人，产能准 备 1,000 台。新品 Work S2 具备自主换电功能，可满足 24 小时工作需求， 并实现降本增效。 • 兆威机电将发布新一代灵巧手，优化结构和电机方案，降低体积、重量和 成本，提升产品竞争力。国内外巨头企业及创业型企业都在快速迭代更新 产品，小米、小鹏、赛力斯等主机厂的后续动作预计将在下半年亮相，对 整个板块形成持续驱动力。 • 科达利与台湾盟立合作，主打减速器，发布轻量化减速器产品和同轴全密 封集成产品，提升性能并减少体积。去年第四季度开始布局，目前已发布 产品并有收入，今年预计收入将有指数级增长，当前估值不到 20 倍，值 得关注。 Q&A 机器人行业近期的动态及未来催化因素有哪些？ 机器人行业在 4 ...