昊志机电（300503.SZ）11月26日在投资者互动平台表示，公司生产的谐波减速器、无框力矩电机和编 码器等产品可应用于人形机器人，截至2025年第三季度，公司转台、减速器、直线电机等功能部件实现 销售收入16834.10万元，同比增长15.69%，占营业收入的14.73%。其中，机器人业务增长主要受益于行 业加速发展、下游市场需求持续提升以及公司产品竞争力的进一步增强，以及公司下半年产品迭代，质 量与性能方面实现显著提升，市场竞争力持续增强，带动订单量大幅增长，相关产品正按计划有序交 付。目前该部分销售规模尚小，对公司整体业绩影响较小，敬请广大投资者理性看待，注意投资风险。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问贵公司谐波减速器、无框力矩电机、六维力传感 器是否已通过人形机器人品牌公司的验证，订单放量了吗？ ...

昊志机电（300503.SZ）11月26日在投资者互动平台表示，目前公司的产品涵盖PCB钻孔机/成型机/划片 机电主轴、数控金属/玻璃雕铣机电主轴、数控车床主轴/电主轴、走芯车床电主轴、直结与皮带式机械 主轴、加工中心电主轴、钻攻中心电主轴、高速内/外圆磨床主轴、木工雕铣机电主轴、高光及超精加 工电主轴、超声波电主轴、液静压主轴、铣削动力头、末端执行机构、刀柄夹头、数控转台、直线电 机、谐波减速器、按摩机器人核心功能部件、数控系统、伺服电机、驱动器、传感器、编码器、氢燃料 电池空压机和曝气鼓风机等数十个系列上百种产品。公司的电机产品包括了机床行业用的主轴电机，伺 服电机。工业自动化和机器人行业用的无框力矩电机，伺服电机。还包括各类特种电机（高真空度、防 爆、高辐射类特种工况）。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问公司是否有生产电机？是属于电机行业概念吗？ 都有生产哪些电机，能详细介绍一下电机产品吗？ ...

证券日报网讯昊志机电11月26日在互动平台回答投资者提问时表示，公司生产的谐波减速器、无框力矩 电机和编码器等产品可应用于人形机器人，截至2025年第三季度，公司转台、减速器、直线电机等功能 部件实现销售收入16834.10万元，同比增长15.69%，占营业收入的14.73%。其中，机器人业务增长主要 受益于行业加速发展、下游市场需求持续提升以及公司产品竞争力的进一步增强，以及公司下半年产品 迭代，质量与性能方面实现显著提升，市场竞争力持续增强，带动订单量大幅增长，相关产品正按计划 有序交付。目前该部分销售规模尚小，对公司整体业绩影响较小。 （文章来源：证券日报） ...

机器人ETF（562500） 是全市场唯一规模超两百亿的机器人主题ETF，成分股覆盖人形机器人、工 业机器人、服务机器人等多个细分领域，帮助投资者一键布局机器人上中下游产业链。场外联接（华夏 中证机器人ETF发起式联接A：018344；华夏中证机器人ETF发起式联接C：018345）。 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 今日截至14点，机器人ETF（562500）微跌0.11%，盘中虽有波动但整体韧性较强，目前在0.943元 附近进行技术性盘整。持仓股方面，内部走势分化，燕麦科技逆势领涨超4%，伟创电气涨超4.4%，奥 比中光、双环传动等个股表现活跃；晶品特装、宏英智能则处于调整前列。流动性与资金方面，盘中成 交额已突破6.71亿元，交投持续活跃。 消息方面，昊志机电在互动平台表示，公司生产的谐波减速器、无框力矩电机和编码器等产品可应 用于人形机器人，截 ...

格隆汇11月26日丨昊志机电(300503.SZ)在投资者互动平台表示，公司生产的谐波减速器、无框力矩电 机和编码器等产品可应用于人形机器人，截至2025年第三季度，公司转台、减速器、直线电机等功能部 件实现销售收入16,834.10万元，同比增长15.69%，占营业收入的14.73%。其中，机器人业务增长主要 受益于行业加速发展、下游市场需求持续提升以及公司产品竞争力的进一步增强，以及公司下半年产品 迭代，质量与性能方面实现显著提升，市场竞争力持续增强，带动订单量大幅增长，相关产品正按计划 有序交付。目前该部分销售规模尚小，对公司整体业绩影响较小。 ...

证券日报网讯汇川技术11月25日发布公告，在公司回答调研者提问时表示，2025年9月底，公司在中国 国际工业博览会上正式展出了人形机器人相关的零部件产品，包括七自由度仿生臂、行星关节执行器、 直线执行器、无框力矩电机、低压直流驱动器和行星滚柱丝杠等。 （文章来源：证券日报） ...

Core Insights - The development of humanoid robots is transitioning from science fiction to reality, driven by advancements in motor technology, which is crucial for precision movement and load capacity [1][12] - The electric motor, as the core of the drive system, faces increasing demands for performance and adaptability in dynamic environments, leading to a technological revolution in the motor industry [1][6] Group 1: Drive System and Motor Requirements - The drive system is essential for robot movement, categorized into hydraulic, pneumatic, and electric drives, with electric drives being the most prevalent due to their precision and adaptability [2] - Robots require five core capabilities from joint motors: modular design for heavy loads, overload capacity for short bursts, excellent dynamic response for precision, high reliability against shocks, and high power/torque density for lightweight designs [2][4] - Different actuator types (flexible, elastic, and direct drive) have distinct performance requirements, influencing motor design and performance [2][4] Group 2: Motor Types and Performance Metrics - Robot motors are classified into radial flux, axial flux, and hollow cup motors, each serving different applications based on size and performance [4] - Key performance indicators for high-performance motors include high torque density, low torque ripple, strong overload capacity, and excellent heat dissipation [4][12] - Current mainstream solutions struggle to meet these performance demands, indicating significant room for technological advancement [4] Group 3: Market Dynamics and Policy Support - The humanoid robot market is experiencing exponential growth, driving demand for electric drive systems [6] - Government policies are promoting the development of the motor industry, focusing on core technologies and component breakthroughs [6] - Challenges include high costs of motors and a lack of standardized performance testing, which affects product compatibility and increases maintenance costs [6] Group 4: Future Trends and Technological Integration - Future motor drive technologies will focus on precision, energy efficiency, and intelligence, fostering collaboration across the supply chain [8][9] - Innovations such as frame-less torque motors and hollow cup motors are expected to enhance performance and reduce costs [9][12] - The integration of AI algorithms and edge computing in motor systems will enable real-time decision-making, enhancing humanoid robot capabilities [9][12] Group 5: Industry Outlook - The motor industry is entering a golden development period, driven by the humanoid robot industry's growth and the shift from functional to performance-oriented designs [12][13] - Domestic companies are accelerating import substitution through cost-effective solutions and technological innovations, supported by favorable policies and market demand [12][13] - The combination of high precision, lightweight, and intelligent technologies will lead to significant improvements in both scale and quality within the motor industry [13]

Core Insights - A significant news event has emerged regarding Yushu Technology, a prominent player in humanoid robotics, which has completed its IPO guidance, indicating a potential listing on the STAR Market in the first quarter of next year [1][2][3] Financial Performance - Yushu Technology's financial performance shows a remarkable net profit of 589 million yuan for the third quarter, reflecting a staggering year-on-year growth of 469.1% [2][5] - The total revenue for Yushu Technology reached 14.454 billion yuan, with a year-on-year decline of 8.8% [2] - Liou Co., a financial investor in Yushu Technology, reported a net profit of 589 million yuan, marking a turnaround from a loss [5] - Jinfa Technology achieved a net profit of 1.065 billion yuan, with a year-on-year growth of 55.86% [6][7] - Zhongke Chuangda reported a net profit of 229 million yuan, reflecting a growth of 50.72% [8][11] Market Dynamics - The recent acceleration in listings of hard technology companies, including Yushu Technology, is seen as a strategic move to inject confidence into the market [3] - Companies closely associated with Yushu Technology, referred to as "shadow stocks," are expected to benefit significantly from its upcoming IPO [4][9] Supply Chain Relationships - Yushu Technology has established strong ties with key suppliers, including Zhongda Lide, Mingzhi Electric, and Aobi Zhongguang, which provide essential components for its robotics [9] - The dual role of companies like Zhongke Chuangda and Allwinner Technology, which both invest in and supply Yushu Technology, enhances their strategic partnership [9][11]

近日，小鹏汽车发布全新一代人形机器人IRON，并将于2026年底量产，优先进入商业场景提供服务。 特斯拉表示，其人形机器人的试生产产线已经开始运行，规模更大的第三代人形机器人的生产线将于 2026年建成投产。 11月初，伟创电气发布多款机器人核心部件产品，面向人形、协作类与移动类机器人等多元场景，全新 推出覆盖灵巧手、关节模组、电机与驱动器在内的具身智能核心部件。 近日，震裕科技公告称，为把握市场增长机遇，公司计划进一步扩大现有业务产品产能并建设新兴领域 业务产品产能。结合行业发展趋势及公司战略规划，公司和宁海县投资促进中心签订《战略合作协 议》，计划于2025年-2030年期间在宁海县投资建设精密部件制造装备及工艺装备和精密结构件、人形 机器人精密模组及零部件项目，投资总额为21.1亿元。 促进产业链协同发展 日前，中联重科在接受机构调研时表示，公司自2024年起布局具身智能人形机器人。目前已推出多款自 主研发样机，具备软硬件一体化全栈自研能力，发布了云谷具身智能大模型和工具链，机器人关键零部 件均为自主研发，包括行星关节模组、摆线关节模组、减速器、控制器、电机等，还自建百工位训练 场，已有数十台人形机器人 ...

Core Insights - The company emphasizes "independent innovation" as a fundamental aspect of its development, focusing on high-end precision manufacturing and continuously advancing in the field [2][3] R&D Investment - R&D is identified as the core competitive advantage, with investments of 96.35 million yuan, 108 million yuan, and 121 million yuan for 2022, 2023, and 2024 respectively, representing 9.99%, 10.75%, and 9.29% of revenue [3] - The company has achieved significant breakthroughs in key technologies such as high-precision encoder technology and ultra-precision processing, establishing a systematic and platform-based technical system [3] Business Focus and Growth - The company has become a "hidden champion" in the global electric spindle market, with spindle product sales ranking first worldwide for three consecutive years, contributing over 60% to revenue [5] - The synergy between the two main business directions—CNC machine core components and robotics—has created a virtuous cycle of technology sharing and market collaboration [5] Robotics Development - The company has developed all core components for humanoid robots, including harmonic reducers and low-voltage drives, with production capabilities of 150,000 harmonic reducers and 3,000 collaborative robots annually [6] - The company is positioned to achieve significant breakthroughs in humanoid robot core components by 2025, with small-scale sales already initiated with key clients [6] International Expansion - The acquisition of Swiss Infranor Group in 2020 has expanded the company's business layout in controllers and servo drives, facilitating a global strategy [7] - In the first half of 2025, overseas revenue reached 119 million yuan, accounting for 16.93% of total revenue, with plans to advance an integrated international strategy of "R&D + manufacturing + service" [7]