1·[Table_Main] 行业研究|工业 证券研究报告 工业行业周报、月报 2025 年 05 月 20 日 [Table_Title] 越疆牵手腾讯云，优必选与华为签署全 面合作协议 ——人形机器人产业周报 周观点 [Table_Summary] 报告要点： 周度行情回顾 2025 年 5 月 11 日至 5 月 16 日，人形机器人概念指数上涨 1.04%， 相较沪深 300 指数跑输 0.08pct；年初至今累计涨跌幅来看，人形机 器人概念指数上涨 39.64%，相较沪深 300 指数跑赢 37.84pct。 A 股人形机器人指数（iFinD 概念）相关个股中，兆丰股份周涨幅 最大（+34.78%），侨银股份周跌幅最大（-9.22%)。 周度热点回顾 政策端，河南省召开具身智能产业发展推进会。青岛市发布《青岛市 具身智能机器人产业 2025 年专项行动方案》。国家工业母机产业投资 基金与津京两地签署协议，推动具身智能技术赋能千行百业。 产品技术迭代方面，特斯拉发布人形机器人擎天柱"跳舞"视频，展 示了"仿真到现实"训练代码优化和强化学习的成果。越疆科技与腾 讯深化战略合作，加速人形机器人产业化进程。 ...

Industry Overview - The humanoid robot industry is experiencing rapid growth, with significant interest and investment from various companies and sectors [2][3] - Major companies are actively engaging in partnerships and collaborations to enhance the development and application of humanoid robots [3][4] Company Activities - Hongchang Technology plans to invest 15 million yuan in Guangdong Liangzhi Joint Technology Co., focusing on the humanoid robot supply chain [2] - Songyan Power has launched a new generation of bionic robots, showcasing advanced features and achieving over 1,000 units in pre-orders [3] - ChaoYin Co. and Guodi Center have signed a cooperation agreement to advance resource integration and technology collaboration in urban service scenarios [3] Market Sentiment - Industry leaders express optimism about the humanoid robot market, with many companies reporting a surge in orders [2] - The market is expected to accelerate significantly, with predictions that 2025 could mark the year of mass production for humanoid robots [3] Technological Development - The humanoid robot sector is transitioning from experimental phases to practical applications, with ongoing advancements in key technologies [4][5] - Companies are focusing on improving the performance and cost-effectiveness of humanoid robots, with innovations in lightweight materials and intelligent software [5]

Core Insights - The company has established partnerships with leading humanoid robot clients in China and has secured bulk orders [1] - The company is actively developing the fourth generation of its frameless torque motors, focusing on weight, process, and cost optimization [1] - Research and development for the next generation of products has already begun, aimed at enhancing performance and cost-effectiveness in the future [1] Company Developments - The company is positioning itself in the humanoid robot sector by providing frameless torque motors and joint module platform components [1] - The fourth generation of frameless torque motors is currently under development, indicating a commitment to innovation and improvement [1] - The initiation of pre-research for new generation products suggests a long-term strategy for maintaining competitive advantage in the market [1]

"AI+人形机器人"双引擎发力 机器人技术如何与人工智能进行有效融合，备受投资者关切。埃夫特董事长、总经理游玮表示，公司积 极布局机器人技术与物联网、工业互联网、大数据、人工智能技术的结合，推动具有感知、学习、决策 和执行能力的智能机器人的发展。公司研发的大衍数据平台结合数据采集场景，形成采集、清洗、存 储、标注、训练一体的人工智能模型训练平台，正推动机器人从"专用设备"向"通用智能体"转型。 兰剑智能董事长吴耀华介绍，公司在智能装卸机器人、拆码垛机器人、视觉检测系统等产品上已采用 AI算法进行识别和控制，同时公司也在布局接入开源模型的机器人产品研发及基于深度强化算法的调 度系统开发。未来，公司将持续探索语言大模型、视觉大模型、多模态大模型等人工智能技术与公司工 业机器人和智慧仓储物流系统的深度融合，以实现更加智能、高效的智能物流管理和智能制造。 科创板机器人企业共话产业新动能 ◎记者 孙小程 人工智能（AI）、人形机器人概念正当红，对于机器人行业的科创板上市公司而言，应如何抓住新一 轮技术浪潮中的机遇？ 在5月6日举行的科创板细分行业集体业绩说明会上，多家企业"掌舵人"给出了答案。瑞松科技、步科股 份、埃夫 ...