10月28日至31日，CeMATASIA2025亚洲国际物流展在上海举行，汇聚全球智造力量，全方位呈现物流 技术智能化升级与绿色低碳转型的前沿趋势。作为亚太物流技术领域风向标，本届亚洲国际物流展汇聚 全球近40个国家，900余家企业。 在展会上，杭叉集团（603298）股份有限公司(以下简称"杭叉集团")发布首款物流人形机器人，杭叉X1 系列物流人形机器人，标志着杭叉集团完成了从传统工业车辆制造商向全场景智能物流解决方案提供商 的战略升级。 对此，《证券日报》记者采访了高工机器人研究所所长蔡炳贞，他表示："轮式机器人相比于双足机器 人，一方面单机成本降低较多，轮式性价比更高；另一方面技术栈相对更为成熟，对于运控和全身协调 能力大大降低了，所以在结构化的环境(比如工厂、商场)一般没必要采用双足结构。智能物流也是属于 结构化环境之一，因此常选用轮式机器人。但若是场地不够规整，或者比较杂乱的户外场景，则更常用 双足机器人。" 据陶熠昆透露，目前杭叉集团的物流人形机器人还处于样机的小批量试点阶段，预计在明年能够形成一 定规模的销售。后续，公司也会考虑研发双足人形机器人产品，以此补全产品矩阵，同时在恰当的时 机，将人形 ...

晨会纪要（R3） 晨会纪要 2025 年 10 月 31 日 | 市场数据 | | | | --- | --- | --- | | 指数名称 | 收盘 | 涨跌% | | 上证指数 | 3986.90 | -0.73 | | 深证成指 | 13532.13 | -1.16 | | 创业板指 | 3263.02 | -1.84 | | 科创 50 | 1461.30 | -1.87 | | 北证 50 | 1553.32 | -1.30 | | 沪深 300 | 4709.91 | -0.80 | 上证指数-沪深 300 走势图 -8% 2% 12% 22% 32% 2024-10 2025-01 2025-04 2025-07 上证指数 沪深300 | 袁闯 | 分析师 | | --- | --- | | 执业证书编号:S0530520010002 | | | yuanchuang@hnchasing.com | | | 管诗睿 | 研究助理 | | guanshirui@hnchasing.com | | 晨会聚焦 【债券研究】债券市场综述 二、重要财经资讯 【宏观经济】国家主席习近平同美国总统特朗普在釜山 ...

Core Insights - Hangcha Group has strategically upgraded from a traditional industrial vehicle manufacturer to a comprehensive intelligent logistics solution provider, marked by the global launch of the Hangcha X1 series logistics humanoid robots at the CeMAT ASIA 2025 exhibition in Shanghai [1][4] Group 1: Product Launch and Features - The Hangcha X1 series humanoid robots integrate "wheeled efficient mobility and humanoid dexterous operation," capable of performing various tasks such as transferring and stacking original boxes and material boxes [1] - The robots demonstrate high precision navigation, achieving millimeter-level accuracy and adaptability to complex environments in warehousing and manufacturing [4] Group 2: Strategic Direction and Innovation - Hangcha Group emphasizes innovation and market orientation, continuously developing a series of innovative products and logistics system solutions, with a focus on new energy strategies [6] - The company has established the most comprehensive new energy product system in the industry, with intelligent logistics becoming a major growth engine, achieving record-high operational metrics in the first half of the year [6] Group 3: Industry Transformation and Ecosystem Development - The company is transitioning from "product output" to "ecosystem building," with plans to enhance its logistics mobile robot solution capabilities through the acquisition of Zhejiang Guozi Robot Technology Co., Ltd. [7] - The integration of humanoid robots with artificial intelligence and logistics needs is expected to provide unique value in flexible manufacturing and intelligent warehousing [6][7]

Core Viewpoint - Jin Dao Technology (301279) has signed a strategic cooperation agreement with Hangcha Group (603298) to jointly develop precision transmission components, specifically humanoid robot joint modules, as of October 29, 2025 [1] Group 1 - The strategic cooperation agreement serves as a framework for collaboration between the two companies, without specifying any financial details [1] - As of the announcement date, the partners have already launched the "Hangcha X1 series logistics humanoid robot" new product [1]