东莞证券指出，2025年11月挖机海内外销量同环比上升态势明显。国内方面，房地产需求仍相对低迷， 基建固定资产投资累计同比呈下降趋势，采矿业固定资产投资累计同比增速连续两个月小幅回升，11月 工程机械主要产品月平均工作时长、开工率环比有所回暖。未来随着工程机械在矿山领域渗透率提升， 叠加国家重大工程陆续开工、资金加速落地和更新替换政策等因素驱动，有望加快启动新周期。出口方 面，非洲、一带一路及沿线地区维持高需求；欧洲、北美洲需求逐渐修复。机器人领域，美国政府开始 重点关注人形机器人发展，有意加快政策颁布助推行业加速发展。国内中央及各地方政府持续颁布政策 助推人形机器人发展，叠加AI大模型及灵巧手持续更新迭代，产业化落地进程加速，有望加快应用场 景落地。 （文章来源：每日经济新闻） 机器人产业ETF（159551）跟踪的是机器人指数（H30590），该指数聚焦于机器人及自动化相关领域， 从市场中选取涉及工业机器人、服务机器人及其上下游产业链的上市公司证券作为指数样本，以反映机 器人行业相关上市公司证券的整体表现。该指数成分股主要选取在技术创新、市场占有率等方面表现突 出的企业，旨在全面展现机器人行业的发展状况。 ...

今日市场小幅震荡，成交量缩小。沪深两市成交额1.55万亿，较上一个交易日缩量1210亿。截至收盘， 沪指跌0.06%，深成指涨0.4%，创业板指涨1.01%。结构上轮动明显，个股跌多涨少。机器人、商业航 天、福建等板块相对活跃，消费板块震荡调整。 当前市场未见大级别下跌风险，但上攻动能较弱，板块之间轮动迅速。12月份处在业绩真空期，短线资 金本身比较活跃。且年岁去旧迎新之际，重大政策定调之前，相关概念题材炒作活跃。对于风险厌恶型 投资者，还是建议寻找基本面较强或估值较低且催化明显的方向，择机而入。 今日半导体设备ETF、科创芯片ETF强势。半导体设备ETF在上午震荡走高，下午维持横盘，收涨 2.4%。科创芯片ETF则在上午回落之后震荡走高，收涨2.4%。 资料来源：wind 据摩尔线程披露的上市公告书，公司将于12月5日上市。公司发行后总股本为47，002.8217万股，其中 本次新股上市初期的无限售流通股数量为2，938.2386万股，占本次发行后总股本的比例为6.25%。本次 发行价格114.28元/股对应的发行人2024年摊薄后静态市销率为122.51倍，高于同行业可比公司2024年静 态市销率平均水平 ...

上证报中国证券网讯 12月4日，ETF开盘涨跌不一，标普生物科技ETF(159502)涨2.54%，机器人产业 ETF(560630)涨2.23%，标普油气ETF(513350)涨2.15%，通信设备ETF(159583)跌1.34%，信息技术 ETF(562560)跌1.2%，卫星ETF(159206)跌1.16%。 来源：上海证券报·中国证券网 来源：上海证券报·中国证券网 上证报中国证券网讯 12月4日，ETF开盘涨跌不一，标普生物科技ETF(159502)涨2.54%，机器人产业 ETF(560630)涨2.23%，标普油气ETF(513350)涨2.15%，通信设备ETF(159583)跌1.34%，信息技术 ETF(562560)跌1.2%，卫星ETF(159206)跌1.16%。 ...

机器人产业ETF（159551）涨超0.7%，机构称出口韧性支撑行业前景。 平安证券指出，2025年以来机械设备及自动化设备行业出口表现较好，涉及中间品及资本品出口， 与海外投资存在联系。从SITC分类看，机械及运输设备（第7类）中的动力机械及设备、特种工业专用 机械、金工机械等对中国出口增速的带动达0.75个百分点，较2024年提升0.29个百分点。展望2026年， 尽管全球出口扩张势头可能略有放缓，但中国出口份额有望延续升势，预计机械设备行业出口增速将维 持韧性。此外，国内产能周期积极信号显现，企业现金流改善，政策持续支持下制造业投资具备筑底基 础，设备更新政策有望续力支持行业需求。 每日经济新闻 （责任编辑：董萍萍 ） 【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 机器人产业ETF（159551）跟踪的是机器人指数（H30590），该指数聚焦于机器人产业相关企业， 选取从事机器人研发、制造及应用的 ...

机器人产业ETF（159551）跟踪的是机器人指数（H30590），该指数聚焦于机器人及自动化相关领域， 从市场中选取涉及工业机器人、服务机器人、智能设备等业务的上市公司证券作为指数样本，主要覆盖 制造业及相关高科技行业，以反映机器人领域内企业整体表现和技术发展趋势。 （文章来源：每日经济新闻） 东莞证券指出，自动化设备方面，国内持续颁布政策助推人形机器人发展，叠加AI大模型及灵巧手持 续更新迭代，人形机器人产业化落地进程加速，有望加快应用场景落地。特斯拉新款灵巧手（双手）预 计搭载50个执行器，对核心零部件需求巨大，供应链企业将迎来陡峭增长曲线。 ...

Core Viewpoint - Companies such as Xiaopeng, GAC, and Changan showcased self-developed robotic products during the auto show, indicating a growing market expectation for advancements in automotive and robotics technology, particularly with the upcoming releases of Tesla's FSD V14, Robotaxi, and Optimus in 2026 [1] Group 1: Industry Trends - The automotive and robotics sectors are positioned as core applications of physical AI, which is expected to drive a turning point in industry trends [1] - The Robot Industry ETF (159551) tracks the Robot Index (H30590), focusing on companies involved in the research, manufacturing, and application of robotics [1] Group 2: Index Composition - The index includes publicly listed companies from various sectors such as mechanical manufacturing, electronic equipment, and information technology, emphasizing technological innovation and industrial automation trends [1] - The aim of the index is to reflect the overall development performance in the field of intelligent equipment and automation solutions [1]

Group 1 - The mechanical equipment industry is experiencing multiple technological breakthroughs and policy support recently [1] - In the lithium battery equipment sector, a team from the Chinese Academy of Sciences has developed an anion regulation technology that addresses the contact issues between the electrolyte and lithium electrode in all-solid-state lithium batteries, significantly improving the cycle performance of prototype batteries [1] - The humanoid robot sector has seen the release of Figure03, the third-generation mass-produced model from Figure, featuring hardware upgrades in its visual system and foot design, which, along with a restructured supply chain and manufacturing process, promotes large-scale applications [1] Group 2 - The Robotics Industry ETF (159551) tracks the robotics index (H30590), which focuses on the robotics-related industry by selecting listed company securities involved in industrial automation, service robots, and artificial intelligence to reflect the overall performance of the robotics sector [1] - The index emphasizes high-tech manufacturing and the application of intelligent technologies, effectively reflecting the development trends and market dynamics of the robotics industry [1]

Core Viewpoint - The mechanical equipment industry is expected to experience a dual trend of cyclical growth and expansion in the first half of 2025, with significant performance releases in sectors such as engineering machinery, export chains, and shipbuilding [1] Summary by Category Industry Performance - The mechanical equipment sector (Shenwan) is projected to achieve revenue of 10,109 billion yuan in H1 2025, representing a year-on-year growth of 9% [1] - The net profit attributable to the parent company is expected to reach 763 billion yuan, with a year-on-year increase of 22% [1] Engineering Machinery - The engineering machinery segment benefits from both domestic and overseas markets, with H1 2025 revenue expected to grow by 5% year-on-year and net profit increasing by 14% [1] - The five major manufacturers in this sector anticipate a revenue growth of 10% and a net profit growth of 29% [1] Export Chain - The export chain is performing well, with revenue projected to grow by 9% year-on-year and net profit expected to increase by 30% [1] Shipbuilding Industry - The shipbuilding sector continues to show strong performance, with revenue expected to grow by 20% year-on-year and net profit experiencing a substantial increase of 112% [1] Emerging Sectors - The industrial gas and photovoltaic equipment sectors are currently in a bottoming phase [1] - The humanoid robot industry is transitioning from formation to expansion, with expectations for significant investment opportunities in 2025 due to breakthroughs in AGI technology, improved supply chains, and increased downstream demand [1] Investment Opportunities - The Robot Industry ETF (159551) tracks the Robot Index (H30590), focusing on companies involved in the research, production, and related services of robots, covering various sub-sectors such as industrial and service robots [1]

Core Insights - The A-share market has seen a surge in thematic and industry ETFs, with total domestic ETF scale surpassing 5 trillion yuan as of August 25, 2023, indicating a significant milestone [1] - Thematic and industry ETFs are favored by investors due to their ability to provide exposure to core stocks within specific sectors, offering greater elasticity during market rallies [1] Group 1: Financial Sector - The Securities ETF (512880) is recognized as the largest in its category, with a scale of 44.4 billion yuan as of August 28, 2023, and has seen over 10 billion yuan inflow in the past month, reflecting strong investor interest [2] - The brokerage sector is often referred to as the "bellwether of bull markets," and with increased market activity, various brokerage services are expected to experience explosive growth, driving up stock prices in this sector [1] Group 2: New Productive Forces - The Semiconductor Equipment ETF (159516) is benefiting from domestic substitution and AI computing power demands, with a scale of 3.373 billion yuan as of August 25, 2023, ranking first among its peers [2] - The Communications ETF (515880) is positioned to capitalize on the growth of AI and digital infrastructure, with over 8.5 billion yuan in scale as of August 28, 2023, and a significant focus on AI-related companies [4] Group 3: Innovation in Pharmaceuticals - The Innovation Drug ETF (589720) is focused on companies in the Sci-Tech Innovation Board, reflecting the industry's strong growth potential due to recent breakthroughs and supportive policies [4] - The ETF is designed to capture the core growth momentum in the biotech sector, with a 20% daily price fluctuation limit enhancing its investment flexibility [4] Group 4: Robotics and AI - The Robotics Industry ETF (159551) is positioned to benefit from the accelerated commercialization of humanoid robots, with a focus on both hardware and software applications [6] - The AI-focused ETF (159388) is aligned with government policies promoting AI integration across various sectors, indicating a robust growth trajectory for the AI industry [5] Group 5: Coal Sector - The Coal ETF (515220) is the only ETF focused on coal, benefiting from supply constraints and high dividend yields, with a current dividend yield exceeding 5% [8] - This ETF is seen as a defensive investment option, suitable for investors seeking stable returns amid market volatility [8] Group 6: Hong Kong Technology Sector - The Hong Kong Technology ETF (513020) has gained over 40% this year, driven by strong fundamentals and liquidity, focusing on sectors like internet, biomedicine, and new energy vehicles [7] - The ETF tracks the Hong Kong Stock Connect Technology Index, providing exposure to leading technology companies in Hong Kong [7] Group 7: Military Industry - The Military Industry ETF (512660) has a scale of 15.5 billion yuan as of August 28, 2023, and is expected to benefit from short-term events like military parades and long-term trends related to national defense goals [8]

Group 1 - The large-scale equipment renewal policy is driving significant growth in machinery and equipment investment, with a year-on-year increase of 5.9% from April 2024 to February 2025, and a further increase of 7.1% from October 2024 to February 2025, indicating enhanced motivation for equipment updates [1] - In the first half of the year, investment in equipment and tools rose by 17.3%, outpacing overall investment growth by 14.5 percentage points, contributing 86.0% to total investment growth [1] - The civil engineering and construction industry saw a year-on-year revenue increase of 11.6%, while sales revenue for construction machinery manufacturing grew by 6.3%, reflecting accelerated investment in construction [1] Group 2 - The Robot Industry ETF (159551) tracks the Robot Index (H30590), focusing on companies across the entire robot industry chain, from upstream components to downstream applications, emphasizing automation and smart manufacturing [1] - Investors without stock accounts can consider the Guotai Zhongzheng Robot ETF Initiated Link A (020289) and Guotai Zhongzheng Robot ETF Initiated Link C (020290) for exposure to the robot industry [1]