目前，机器人技术持续演进，但"采购重、部署难、风险高"仍是制约其规模化应用的重要因素。1元即 时租"模式深度整合了擎天租全国性租赁网络、标准化服务体系及智元全智能灵动机器人的产品优势， 实现"拟人交互、生命体征模拟、自主任务执行"三大核心功能的稳定落地，本质上是将技术复杂度与交 付风险前置到服务平台侧，让更多企业和个体以更低的决策成本验证机器人在真实场景中的应用价值， 真正推动机器人租赁从"高端定制化服务"向"大众普惠性选择"转型。 同时，为进一步丰富用户体验，擎天租特别推出"擎天计划"，打造立体化参与生态：联合媒体与KOL共 建内容矩阵，输出高质量体验分享；面向全体用户推出创作激励计划，共享智能生活灵感；十城用户可 参与友好竞技，赢取专属城市福利，共同掀起智能体验新风潮。 随着服务网络的不断扩展及标准化体系的持续完善，机器人租赁正从早期的展示性应用，逐步迈向可复 制、可规模化的商业服务阶段。擎天租方面表示，未来将进一步拓展全国服务覆盖范围，并围绕企业级 需求持续优化产品与服务结构，推动人形机器人在更多行业场景中的实际落地，为数字经济发展注入新 动能。 通过低门槛、高标准的服务化模式，擎天租正加速推动人形机器 ...

Core Viewpoint - The article highlights the significant business opportunities and technological advancements showcased at the 8th China International Import Expo (CIIE), particularly in the robotics and eVTOL sectors, indicating a strong demand for innovative solutions in various industries [3][4]. Group 1: Robotics Industry - The four-legged robot "Tianlang" from Wuba Intelligent has received around ten order inquiries from government agencies and industry applications during the expo, showcasing a targeted customer base [3]. - Multiple domestic robotics companies demonstrated their products at the expo, with performances from robots like Lingxi X2 and Yuanzheng A2, indicating the growing popularity of humanoid robots in cultural and tourism scenarios [5][8]. - Companies like Zhiyuan Robotics are focusing on building a global distribution system and expect overseas business revenue to exceed 30% by next year, reflecting a strategic push into international markets [11]. Group 2: eVTOL Sector - Yufeng Future's M1 series aircraft secured 200 intention orders from domestic and international clients, amounting to over 2 billion yuan, highlighting the strong market interest in eVTOL technology [4]. - The vice president of a leading eVTOL manufacturer emphasized the importance of low-cost manufacturing and rapid technological iteration, positioning Chinese eVTOLs favorably in the global market [4]. - The expo serves as a critical platform for eVTOL manufacturers to showcase their products to overseas clients, with a focus on expanding their market presence [4][10]. Group 3: Market Trends and Consumer Engagement - OSIM's brand vice president noted that the company typically receives several million yuan in intention orders during the expo, emphasizing the importance of the Chinese market, which accounts for over 60% of its global store count [4]. - The integration of AI technology in consumer products is becoming a key differentiator, enhancing user experience and engagement [4]. - The article illustrates the trend of using robots not just for marketing but also for providing service value, as seen in the interactive capabilities of the Yuanzheng A2 robot [8][10].

Investment Rating - The industry investment rating is "Overweight" [6] Core Insights - The report highlights the advancements and trends in the AI industry showcased at the WAIC 2025, emphasizing the integration of model applications, embodied intelligence, and smart hardware [1][3] - The AI computing power segment is seeing significant innovations, with the launch of new GPUs and supernodes that enhance computational capabilities [2] - The commercialization of AI applications is progressing, with a shift from mere demonstrations to practical applications in humanoid robots and smart driving [3] Summary by Sections Industry Dynamics - The WAIC 2025 featured exhibitors and products focusing on model applications, embodied intelligence, and smart hardware, including AI chips and infrastructure [1] - Major highlights included the demonstration of advanced models and robots capable of complex tasks, showcasing the rapid development in AI technology [3] AI Computing Power - The report notes the introduction of the Mu Xi Xi Cloud C600 GPU and Huawei's Ascend 384 supernode, which can achieve a maximum computing power of 300 PFLOPS, nearly 50 times the power of a single node [2] AI Applications - Notable AI applications presented include the Yushu Robot R1 and the Zhiyuan Robot Lingxi X2, which can perform complex tasks such as sorting and playing musical instruments [3] - Alibaba launched the Quark AI glasses, integrating various applications into a compact design [3] Market Performance - The communication sector has shown strong relative performance, with a 1-month return of 8.89%, a 3-month return of 28.49%, and a 12-month return of 52.98%, outperforming the CSI 300 index [8]

这两年，具身智能 的进展让人目不暇接。从特斯拉人形机器人 Optimus 在舞池跳舞 ，到宇树 Unitree H1 机器人在春晚扭 秧歌，再到智元机器人灵犀 X2 骑自 行车......这些场景不断刷新着大众对智能机器人的认知，也展示了它们在现实世界中的 适应能力。但一个耐人寻味的现象是，每次成为焦点的，几乎都是人形机 器人。 为什么"人形"成为关注焦点？这或许可以从科技巨头的布局中找到答案。 今年 1 月，英伟达 CEO 黄仁勋在采访时表示："通用人形机器人技术将最为实用，因为我们的世界是围绕人类需求建造的。" 他坦言，实现这一目标极具挑战，但随着 Transformer、大型语言模型（LLM）及基础模型的突破，已让通 用机器人迈入可 能实现的阶段。短短两个月后，在 GTC 大会上，他直言 直："通用机器人时代已经到来。" 与此同时，特斯拉 CEO 埃隆·马斯克也在 CES 2025 上做出过大胆预测：人形机器人将成为"史上最大产品"，全球或将需要 300 亿台，远超任何其他产品。 其实从本质上看，具身智能指的是"有身体的智能"，其核心在于智能决策与物理世界的深度融合。人形机器人之所以成为当 前最受关注的 ...