在科技浪潮席卷全球的今天，机器人技术作为新一轮科技革命与产业变革的核心驱动力，正以前所未有的速度 重塑着人类的生产与生活方式。 作为 《 " 十四五 " 机 器人产业发 展规划》 的收官之年， 2025 年的机器人领域始终保持着领先热度。 "十 四五"以来工信部已累计支持 46 座城市开展新型技术改造城市试点，建成 230 多家卓越级智能工厂和 1260 家 5G 工厂，这些政策落地为机器人应用提供了广阔的场景土壤。在政策的指引下，我国机器人产业发展成 效显著，已形成了覆盖上游关键零部件、中游整机制造、下游集成应用的完整产业链体系。 人形机器人作为机器人领域崛起的新分支地位愈发重要，在政策、技术、资本与市场的多维赋能下，已成为未 来产业布局中的关键赛道。除人形机器人外，工业机器人、服务机器人、特种机器人、医疗机器人等也在国家 与地方政策的双重推动下迎来高速发展。这一点在今年发生的投融资事件中表现得尤为明显。 从今年 1 月到 10 月，机器人行业的投融资事件已多达 470 余起。根据已公开的数据，累计融资金额也高达 391 亿元至 626.8 亿元之间，显示出资本市场对机器人产业长期价值的认可 。 展望未来， ...

近日发布的毕马威中国长三角高端装备新质领袖榜单显示，作为中国科技创新的主战场，高端装备 制造业呈现出市场规模持续攀升、产业结构日趋完善、国际竞争力稳步提升的良好发展态势。同时，高 端装备制造业与其他高新技术的深度融合，有效地重构了传统产业业态。 机器人、低空经济与智能交通装备等细分产业集群不断涌现，技术持续突破，产业化应用加速，国 际竞争力彰显。 近年来，中国高端装备制造业以创新引领，不断输出先进生产力。 报告还称，长三角地区作为中国经济活力最强、开放水平领先、创新实力突出的区域之一，依托长 三角G60科创走廊的协同发展机制，在高端装备领域已塑造显著的先发优势。 目前，长三角地区已形成26个国家级先进制造业集群，在全国占比32.5%，产业集聚和协同效应显 著。上海凭借与国家战略紧密对接的城市定位、成熟的产业生态和对外开放门户的枢纽优势，成为本次 高端装备上榜企业最多的城市，江苏、浙江和安徽三省则几乎平分秋色，合计占比近60%，印证了"上 海创新引领+苏浙皖高效协同"区域模式的卓有成效。 在资本层面，行业投资回暖迹象显现，投融资活动主要集中于机器人及智能交通装备赛道，政策引 导下资本向早期倾斜。2020年至20 ...

证券时报记者陈雨康 《报告》提出，在机器人领域，中国已连续12年保持全球最大工业机器人市场地位，协作机器人、服务 机器人等新兴品类增速显著。能源装备行业在规模扩大的同时面临"内卷式"竞争，政策正引领行业 向"需求驱动、以质取胜、结构优化、安全可控"转型。低空经济作为国家战略性新兴产业，未来低空经 济商业化重点可发展领域也将集中在城市空中交通、农业化应用以及低空旅游。智能交通装备则围绕 5G与V2X（车联网）、算法与大数据以及激光雷达与自动驾驶展开。 面对未来的机遇与挑战，《报告》提出了高端装备产业发展破局突围之路。首先，企业需突破"卡脖 子"关键技术，实现制造自主化，在尊重产业发展规律的同时加快自主研发进程。其次，应强化数字赋 能，助力企业向智向绿发展，工业互联网通过对人、机、物、系统等的全面连接，构建起覆盖产业链、 价值链的全新制造和服务体系。此外，行业需撬动资本加大投入，鼓励企业积极拥抱多层次资本市场， 发挥资本市场的直接融资作用。值得注意的是，企业应加快出海步伐，深化全球化布局，以提升供应链 韧性和安全水平。 （文章来源：证券时报网） 长三角G60科创走廊创新研究中心、上海市松江区石湖荡镇人民政府、毕马 ...

Group 1: Low-altitude Economy in Guangdong - Guangdong's low-altitude economy is experiencing significant breakthroughs, with companies like XPeng and EHang achieving milestones in product launches and commercial operations [3][4] - The goal is to surpass a market scale of 300 billion yuan by 2026, supported by favorable policies and technological advancements [3] Group 2: Brand Integration for Overseas Markets - Chinese companies are shifting from merely selling products to building brand recognition through cultural integration in target markets [5] - Strategies for successful brand integration include local storytelling, leveraging local influencers, and aligning with cultural values [5] Group 3: Energy Storage Market Dynamics - Chinese energy storage companies saw overseas orders reach 186 GWh in the first half of 2025, a year-on-year increase of over 220% [6] - Major markets include the Middle East, Europe, and Australia, while challenges such as trade barriers and certification standards persist [6] Group 4: Smart Agriculture and Technology - Recent international agricultural exhibitions highlighted the role of smart machinery in enhancing agricultural productivity [7][8] - Chinese agricultural technology is gaining traction globally, with significant participation from international buyers [7] Group 5: Automotive Export Trends - From 2021 to 2024, China's automotive exports are projected to grow from 2.01 million to 5.86 million units, with a 21% year-on-year increase in the first three quarters of 2025 [9] - Chinese automakers are focusing on local production and brand acquisitions to expand their global market share [9] Group 6: Gaming Market Expansion - The global gaming market is expected to grow significantly, with mobile gaming projected to reach $342.2 billion by 2033 [10] - Russia is emerging as a key market for Chinese mobile games, with a notable presence in the top revenue-generating titles [10] Group 7: Robotics Market in South Korea - Chinese service robots, particularly in the cleaning sector, are gaining market share in South Korea, with companies like Roborock leading [11] - The collaboration between China and South Korea in AI and digital economy sectors presents significant growth opportunities [11] Group 8: Southeast Asia Consumer Trends - Southeast Asia's young population and economic growth are driving demand for Chinese products, particularly through e-commerce [12] - The region presents opportunities for Chinese companies to establish local manufacturing to mitigate risks [12] Group 9: Sports Industry Growth - The Asian sports industry is experiencing rapid growth, with a focus on high-quality development and digital innovation [13] - The 2025 Asian Sports Industry Summit aims to explore opportunities for collaboration and growth in the sector [13] Group 10: ByteDance's Global Strategy - ByteDance is shifting its strategy for overseas AI applications from technology showcase to user acquisition, particularly in Southeast Asia and the Middle East [14][15] - The company is leveraging its existing ecosystem while navigating regulatory challenges in Western markets [15] Group 11: Didi's Electric Vehicle Initiative - Didi has launched a fleet of 500 electric vehicles in Mexico, aiming to promote sustainable transportation in Latin America [16] - The company plans to expand its electric vehicle fleet significantly by 2030, contributing to reduced carbon emissions [16] Group 12: Meituan's Financial Performance - Meituan reported a revenue of 86.6 billion yuan in Q1, with a year-on-year growth of 18%, highlighting its robust overseas performance [17] - The company is focusing on sustainable growth through technological innovation and expansion into new markets [17] Group 13: Cainiao's Logistics Innovations - Cainiao is partnering with retail giants in Southeast Asia to enhance logistics efficiency through AI and automated systems [18][19] - The company aims to leverage its technology to improve supply chain operations and expand its market presence [19] Group 14: Li Auto's Market Strategy - Li Auto has opened its first retail center in Central Asia, focusing on a dealer authorization model to mitigate risks [20] - The company is prioritizing Central Asia for its expansion strategy while delaying plans for the European market [20] Group 15: TCL's Global Strategy - TCL reported a revenue of 14.346 billion yuan in the first three quarters of 2023, with a focus on high-quality growth and brand value [21] - The company is enhancing its global presence through sports marketing and increased R&D investment [21] Group 16: New Stone's Expansion in Autonomous Vehicles - New Stone has secured over $600 million in funding to accelerate its expansion in the autonomous vehicle market [22] - The company plans to deploy 5,000 autonomous vehicles in the UAE by next year, reflecting the industry's rapid growth [22] Group 17: Yushu Technology's IPO Progress - Yushu Technology is advancing its IPO process, with overseas business accounting for 50% of its revenue [23] - The company is focusing on expanding its market share in the robotics sector while enhancing its global strategy [23]

Core Insights - The company reported a revenue of 8.188 billion yuan for the first three quarters of 2025, a year-on-year increase of 6.34%, but the net profit attributable to shareholders decreased by 23.86% to 420 million yuan [1] - The gross profit margin for the first three quarters was 21.98%, down 1.73 percentage points year-on-year, primarily due to tariff policies and intensified industry competition [4] - The company is expanding into new business areas, including digital energy and smart automotive sectors, which are expected to contribute to revenue growth in the future [3] Revenue and Profitability - In Q3 2025, the company achieved a revenue of 2.685 billion yuan, a slight increase of 0.05% year-on-year, while the net profit attributable to shareholders fell by 44.69% to 90 million yuan [1] - The company’s non-recurring net profit for Q3 was 86 million yuan, down 48.41% year-on-year [1] - The increase in the expense ratio to 16.18% in the first three quarters, up 1.27 percentage points year-on-year, was attributed to slower revenue growth and increased stock incentive costs [4] Business Development - The company’s core business remains stable with high visibility in orders, particularly in the tools and home appliance sectors, where partnerships with major clients are expanding [2] - The digital energy segment is in a critical market expansion phase, with significant growth expected in Europe and Asia-Pacific [3] - The smart automotive sector is gaining traction, with products like charging stations and laser radar motors being certified by leading automotive manufacturers [3] Investment Outlook - Due to the impact of tariffs and competitive pressures, the company has adjusted its revenue forecasts for 2025-2027, with expected revenues of 11.05 billion, 12.72 billion, and 14.92 billion yuan respectively [5] - The earnings per share estimates have also been revised down to 0.46, 0.59, and 0.81 yuan for the same period [5] - Despite the challenges, the company maintains a "buy" rating based on the strong fundamentals of its core business and the growth potential of its innovative segments [5]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company experienced a revenue increase of 6.34% year-on-year for the first three quarters of 2025, reaching 8.188 billion yuan, but the net profit attributable to shareholders decreased by 23.86% to 420 million yuan [2] - The company is expected to gradually improve its overseas production capacity in the coming year, which will contribute positively to performance [4][5] Summary by Sections Business Performance - The company has a stable core business with high order visibility and strong revenue certainty. New business market expansion is gradually breaking through, with expectations of performance contributions as demand increases [3] Profitability Analysis - The gross margin for the first three quarters was 21.98%, a decrease of 1.73 percentage points year-on-year, primarily due to tariff policies leading to order transfers and increased costs from cross-border raw material transportation. Industry competition has also pressured product pricing [4] - The expense ratio increased to 16.18%, up 1.27 percentage points year-on-year, mainly due to slowing revenue growth and increased stock incentive costs [5] Investment Recommendations - Due to the impact of tariffs and industry competition, the overall revenue growth and gross margin are below previous expectations. However, the strong certainty of the core business and the growth potential from innovative business segments lead to an adjustment in profit forecasts. Revenue estimates for 2025-2027 have been revised to 110.5 billion, 127.2 billion, and 149.2 billion yuan, respectively, with corresponding earnings per share adjusted to 0.46, 0.59, and 0.81 yuan [5]

在考察了南京经开区机器人产业链企业后，一家西班牙机器人集成商、分销商及培训服务提供商创 始人赫苏斯·布拉沃感慨于南京机器人产业发展的迅猛。他希望通过合作让国际机器人技术更高效地进 入欧洲市场，实现更高的商业成功率。 商务部投资促进事务局副局长唐颂表示，鼓励中国企业走向欧洲，建立研发合作网络，同时也欢迎 欧洲的先进技术、优质资本和一流人才来到中国、来到南京，共同提升全球机器人产业链的韧性与活 力。 南京栖霞区与欧洲企业的合作由来已久，目前已有德国博世、采埃孚，法国弓箭玻璃、肯联汽车等 一批知名跨国公司在此投资。下一步，栖霞区将搭建产业合作平台、全面深化校企合作、全面支持场景 应用，让栖霞的产业优势与欧洲的技术优势碰撞出更多创新火花，共同打造中欧机器人产业合作的典范 标杆。 11月19日，2025中欧机器人产业合作（南京）对接会在南京市栖霞区召开，来自英国、西班牙、芬 兰、俄罗斯等国的机器人企业不远万里来宁，寻找合作的"最佳拍档"，推动中欧在机器人领域的深度融 合与共同进步。 当前，全球机器人产业正处于技术突破与融合应用的关键阶段。欧洲是工业4.0的发源地，拥有大 批"隐形冠军"与顶尖科研机构，在机器人核心技术研 ...

广州国际 智能制造 技术与装备展览会 （SPS – Smart Production Solutions Guangzhou） 将于 2026 年 3 月 4 日至 6 日，在广州中国进出口商品交易会展馆 B 区隆重举行。作为粤港澳大湾区智能制造发展的 行业 盛会，展会立足这一华南重要经济与制造枢纽，不仅是中国制造业对接全球先进技术的重要窗口，更是 推动产业结构优化与数字化转型的关键平台。通过前沿技术展示、产业资源对接与国际协同合作，展会持续 赋能中国制造业高质量发展，助力产业从 "设备 单 点突破"迈向" 制造 系统重构"，加 速构建智能化、数字 化的新型制造体系。 大湾区的智能制造领域在政策支持与产学研协同合作的多重驱动下，正展现出强劲的发展势头。大湾区 运 用香港、澳门的国际化科研优势和珠三角九市世界级的制造业基础，构建了从基础研发、生产制造到金融支 持与人才保障的完整产业价值链。 2025年，广东省在年初预算中安排了262亿元人民币（36亿美元）支持"制造业当家"战略。同时，广东省属 国企也计划到2027年在人工智能相关领域投资超过200亿元人民币（ 28 亿美元），以期带动超千亿元（ 140 亿美元 ...

我国造船业三大指标：造船完工量、新接订单量、手持订单量连续多年位居全球第一，全球份额占比超 过50%。 我国拥有全球最大最完整的新能源产业链，可再生能源发电总装机容量达21.6亿千瓦，占全球总量40% 以上。 我国拥有全球规模最大的信息通信网络。5G基站开通数、移动电话用户数、固定宽带网络规模等指标 排名全球第一。 中国式现代化是14亿多人口的现代化，规模空前。依托超大规模市场，我国成为全球唯一拥有联合国产 业分类中全部工业门类的国家。 截至2024年，我国制造业增加值占全球比重接近30%，已连续15年保持全球制造业第一大国地位。 在全球500种主要工业产品中，我国有220多种产量位居第一。 我国生产的粗钢、水泥、电解铝占据全球产量50%以上。 我国生产了全球80%以上的光伏组件和70%的风电装备。 新能源汽车产量连续10年位居全球第一。 超大规模市场优势为我国产业发展注入持续而强大的支撑力，完善的产供链体系确保了生产制造的自主 可控和快速响应。 一大早，这家位于苏州吴中区的服务机器人生产企业的物流中转场已是一派繁忙景象。十几辆满载零部 件的车辆排队进出，工人们操作叉车将货物从进货区快速转运至出货区。来自苏州 ...

我国造船业三大指标：造船完工量、新接订单量、手持订单量连续多年位居全球第一，全球份额占比超过50%。 央视网消息：中国式现代化是14亿多人口的现代化，规模空前。依托超大规模市场，我国成为全球唯一拥有联合国产业分类中全部工业门类的 国家。 截至2024年，我国制造业增加值占全球比重接近30%，已连续15年保持全球制造业第一大国地位。 在全球500种主要工业产品中，我国有220多种产量位居第一。 新能源汽车产量连续10年位居全球第一。 我国生产的粗钢、水泥、电解铝占据全球产量50%以上。 我国生产了全球80%以上的光伏组件和70%的风电装备。 我国拥有全球规模最大的信息通信网络。5G基站开通数、移动电话用户数、固定宽带网络规模等指标排名全球第一。 我国拥有全球最大最完整的新能源产业链，可再生能源发电总装机容量达21.6亿千瓦，占全球总量40%以上。 代表智能制造和数字化最高水平的"灯塔工厂"数量全球第一，占比超过40%。 工业机器人新增装机量占全球比重超过50%。 江苏苏州：聚链成势 打造机器人产业创新集群 超大规模市场优势为我国产业发展注入持续而强大的支撑力，完善的产供链体系确保了生产制造的自主可控和快速响应。 ...