Core Insights - The article highlights the emergence of investment opportunities in the "AI+" sector, particularly in humanoid robotics, driven by a new wave of technological revolution [1] - The Fangzheng Fubon Xinhong Mixed Fund has shown exceptional performance, leading the actively managed robotics fund sector with a return of 29.44% over the past six months, outperforming 95% of its peers [2][3] Performance Overview - Fangzheng Fubon Xinhong A Fund achieved a return of 15.65% in the last three months and 29.44% in the last six months, significantly outperforming competitors such as Yongying Advanced Manufacturing and Penghua Carbon Neutrality [2][3] - The fund's year-to-date (YTD) return stands at 29.44%, with an annualized return of 68.26% and an excess return of 22.98% [3] Investment Strategy - The fund manager, Li Chaoyu, strategically invested in the humanoid robotics sector, focusing on high-tech barriers and domestic substitution opportunities, leading to substantial net value growth [4] - The fund's portfolio is concentrated on the core segments of the humanoid robotics industry, with the top ten holdings primarily consisting of humanoid robotics concept stocks, many of which have seen over 100% growth in the first half of the year [4] Holdings and Sector Focus - As of Q2 2025, the top three holdings of the fund are Weike Technology, Zhejiang Rongtai, and Zhaowei Electromechanical, with respective market values of 9.71 million, 9.65 million, and 7.72 million yuan [5][6] - The fund's holdings cover critical areas such as structural components, dexterous hands, and visual perception within the humanoid robotics supply chain [5][7] Market Trends - The humanoid robotics industry is experiencing a triple boost from technological breakthroughs, policy support, and capital influx, with production processes exceeding expectations [8] - Tesla plans to produce 5,000 units of its Optimus robot in 2025, with production capacity expected to increase to 50,000 units by 2026, indicating strong market confidence in the sector [8]

2025年又被称为人形机器人元年，尽管二季度人形机器人板块走势震荡，但资本市场布局力度仍在加 码，具身智能产业融资热度高企，具身智能、人形机器人领域迎来多路资金涌入。 机器人投资市场热度高企，二级市场上，含"机"量浓度较高的人形机器人基金业绩同样热度十足。海通 证券最新数据显示，方正富邦信泓A近一年(2024.7.1-2025.6.30)收益率31.49%,跻身同类排名前12%。 中短期来看，我认为在经历了上半年的快速上涨之后，机器人板块需要更多的冷静思考，未来需要工业 场景订单的逐步落地和类似Tesla这种产业链中核心企业的产品成熟迭代才能形成新的向上的动力。 注:业绩数据来源：国泰海通基金评价与研究中心,基金同类：主动混合开放型。风险提示：投研观点不 代表公司立场，不构成投资建议，不代表基金实际持仓或未来投向保证。观点具有时效性。方正富邦信 泓混合为混合型基金，其预期收益及预期风险水平高于债券型基金和货币市场基金，但低于股票型基 金。具体风险评级结果以基金管理人和销售机构提供的评级结果为准。方正富邦基金管理有限公司承诺 以诚实信用、谨慎尽责的原则管理和运用基金资产，但不保证基金一定盈利，也不保证最低收益。 ...