（文章来源：证券日报） 证券日报网讯机器人9月29日在互动平台回答投资者提问时表示，目前，公司已成立具身智能研究院， 并于近期发布了新松智能类人双臂平台、"松羿"轮式人形机器人、"松行"双足人形机器人产品，可用于 工业制造、社会服务、家庭陪伴等领域。公司密切关注重大前沿技术的最新发展动态、实际应用情况以 及行业整体发展趋势，并积极探索业务合作机会。 ...

机器人（300024.SZ）9月29日在投资者互动平台表示，公司在具身智能业务方面暂未与您所述公司有合 作。目前，公司已成立具身智能研究院，并于近期发布了新松智能类人双臂平台、"松羿"轮式人形机器 人、"松行"双足人形机器人产品，可用于工业制造、社会服务、家庭陪伴等领域。公司密切关注重大前 沿技术的最新发展动态、实际应用情况以及行业整体发展趋势，并积极探索业务合作机会。关于公司客 户等合作企业情况请查阅、关注公司的定期报告。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问贵司在人形机器人方面跟国内例如宇树/优必选或 者国外厂商特斯拉等公司有合作嘛？ ...

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 责任编辑：栎树 针对上述提问，机器人回应称："您好，公司在具身智能业务方面暂未与您所述公司有合作。目前，公 司已成立具身智能研究院，并于近期发布了新松智能类人双臂平台、'松羿'轮式人形机器人、'松行'双 足人形机器人产品，可用于工业制造、社会服务、家庭陪伴等领域。公司密切关注重大前沿技术的最新 发展动态、实际应用情况以及行业整体发展趋势，并积极探索业务合作机会。关于公司客户等合作企业 情况请查阅、关注公司的定期报告。" 有投资者在互动平台向机器人提问："请问贵司在人形机器人方面跟国内例如宇树/优必选或者国外厂商 特斯拉等公司有合作嘛？" ...

第二十五届中国国际工业博览会（下称"工博会"）上， 机器人 （300024.SZ，下称"新松机器人"）展台人头攒动，其多可仿生 人形机器人 "睿 可"系列刚刚斩获机器人届的"奥斯卡大奖"——CIIF大奖。 然而，这场技术秀场的聚光灯背后，却是公司近年来在资本市场与经营业绩上的持续低迷。被誉为"国产机器人先行者"、"机器人第一股"，新 松"第一"的头衔却似乎越来越名不副实。 量滞利亏 2025年半年报显示，新松机器人实现营收16.60亿元，同比微降0.07%，增长近乎陷入停滞。更令人担忧的是其盈利能力，报告期内归母净利 润-9535.82万元，同比大幅下降54.32%；扣非后归母净利润为-1.22亿元，同比下降12.66%。毛利率14.62%，同比亦有所下滑。 这份成绩单在行业复苏的背景下显得格格不入。 高工机器人产业研究所（GGII）报告称，2025年上半年中国工业机器人市场累计销量同比增长13.36%。国家统计局数据也显示，同期工业机器人 产量达36.93万套，同比猛增35.6%。行业整体向好，"老牌"新松机器人的业绩疲软尤为刺眼。 | | | | | | | 甲:70 | | --- | --- | -- ...

Core Insights - The article highlights the significant achievements of the company, Xinsong Robotics, during the "14th Five-Year Plan" period, emphasizing its transition from a leading Chinese robotics company to a world-class robotics enterprise [1][6] Group 1: Business Performance - Xinsong Robotics has experienced steady growth in both revenue and gross margin, with compound annual growth rates of 7.86% and 24.53%, respectively [2] - The company has developed a unique "3+3+N" strategic framework, focusing on three core product lines: industrial robots, mobile robots, and special robots, while also nurturing multiple emerging strategic businesses [2][9] Group 2: Technological Innovation - The company has made significant breakthroughs in critical technologies, achieving self-sufficiency in high-end industrial equipment and breaking foreign monopolies [4] - Xinsong Robotics has invested 137 million yuan in R&D in the first half of 2025, marking a 16.10% year-on-year increase [4] Group 3: Market Expansion - The company has successfully exported its robotics products to over 40 countries, assisting more than 4,000 enterprises in upgrading their industries [2] - Xinsong Robotics aims to enhance China's global influence in the robotics industry by aligning with international standards and expanding its international market presence [8][9] Group 4: Future Development - The company plans to shift its business focus from "scale-oriented" to "value-oriented," aspiring to become a leader in high-end equipment solutions with a strong emphasis on technological self-sufficiency [7] - Future initiatives include deepening the integration of artificial intelligence and robotics, with the establishment of a dedicated research institute for AI and robotics [8]

Core Insights - The article highlights the significant achievements of the company, Xinsong Robotics, in advancing from a leading Chinese robotics firm to a world-class enterprise during the "14th Five-Year Plan" period [2][9] Group 1: Strategic Development - Xinsong Robotics has established a unique "3+3+N" development strategy, focusing on three core product lines: industrial robots, mobile robots, and special robots, while also nurturing multiple emerging strategic businesses [3] - The company has played a crucial role in promoting import substitution and enhancing China's global influence in the robotics industry, achieving a compound annual growth rate of 7.86% in revenue and 24.53% in gross margin [3] Group 2: Technological Innovation - The company has made significant breakthroughs in critical technologies, overcoming long-standing foreign monopolies and achieving self-sufficiency in high-end industrial equipment [5] - Xinsong Robotics has invested steadily in R&D, with an investment of 137 million yuan in the first half of 2025, marking a 16.10% year-on-year increase [5] Group 3: Market Expansion - The company has successfully exported its robotics products to over 40 countries, assisting more than 4,000 enterprises in upgrading their industries [3] - Xinsong Robotics has developed high-reliability spot welding robot systems, breaking the monopoly of foreign manufacturers in the high-end automotive welding sector [6] Group 4: Future Vision - The company aims to transition from a "scale-oriented" to a "value-oriented" business model, aspiring to become a leader in high-end equipment solutions with a focus on technological self-sufficiency and global efficiency [7] - Future development will emphasize the integration of artificial intelligence and robotics, with plans to enhance core component autonomy and establish a comprehensive technology control chain [8]

Core Viewpoint - The article highlights the significant achievements of the leading Chinese robotics company, Siasun Robot, during the "14th Five-Year Plan" period, emphasizing its transition from a national leader to a world-class enterprise in robotics [3]. Group 1: Strategic Development - Siasun Robot has established a unique "3+3+N" development strategy, focusing on three core product lines: industrial robots, mobile robots, and special robots, while also nurturing multiple emerging strategic businesses [6][14]. - The company has played a crucial role in promoting import substitution and enhancing China's global influence in the robotics industry, achieving a compound annual growth rate of 7.86% in revenue and 24.53% in gross margin [6]. Group 2: Technological Innovation - Continuous technological innovation is the core driving force behind Siasun Robot's development, with R&D investment steadily increasing, reaching 137 million yuan in the first half of 2025, a year-on-year growth of 16.10% [9]. - The company has made significant breakthroughs in key technologies, overcoming foreign monopolies and achieving self-sufficiency in high-end industrial equipment [9][10]. Group 3: Global Market Expansion - Siasun Robot has successfully exported its products overseas since 2007, covering over 40 countries and assisting more than 4,000 enterprises in upgrading their industries [6][14]. - The company aims to enhance its global presence by aligning with international standards and becoming a key player in the mid-to-high-end industrial robot, special robot, and semiconductor equipment markets [12][14]. Group 4: Future Outlook - Looking ahead, Siasun Robot plans to shift its business focus from "scale-oriented" to "value-oriented," aspiring to become a leader in high-end equipment solutions with a strong emphasis on technological self-sufficiency [12][14]. - The integration of artificial intelligence and robotics will be a key development direction, with the establishment of the Embodied Intelligence Research Institute and the launch of various intelligent robotic platforms [13][14].

Group 1 - The company has officially established a physical intelligence research institute and recently launched new products including the "New松" intelligent humanoid dual-arm platform, "松羿" wheeled humanoid robot, and "松行" bipedal humanoid robot, which can be used in industrial manufacturing, social services, and home companionship [1] - The company aims to continue research and development in cutting-edge fields, striving to break through the limitations of robot application scenarios and promote deeper intelligence in its robots [1] Group 2 - Investors have expressed concerns about the company's ability to produce products in the current booming robotics market, suggesting that the company should consider acquisitions or investments to capitalize on this opportunity [3]

一边是"非人形"机器人焊接、码垛、洗盘子，一边是人形机器人做咖啡、打爆米花、送东西……在2025 世界机器人大会（WRC）现场，不少传统工业机器人公司开始在展位上亮相其最新研发的人形机器 人。北京商报记者探访发现，在越来越多工业机器人走向人形机器人背后，具身智能机器人已从技术探 索阶段迈入规模化价值创造新阶段，不同于以往讲求精度的"刚性约束"，它们开始拥抱更多的不确定 性，同时，比追求"人形"更重要的是，谁的机器人能更快上岗，以及推动"人形机器人+行业"生态构 建。 从工业走向人形是进化 8月8日，在2025世界机器人大会开幕当天，作为港股"协作机器人第一股"的越疆科技也正式发布了旗下 具身智能人形机器人DOBOT AtomⅡ，并借"机械臂+人形+多足"具身智能机器人平台宣布"具身智能机 器人已从技术探索阶段迈入规模化价值创造新阶段"。 在越疆科技的展位上，给现场观众接打爆米花的正是DOBOT AtomⅡ。越疆科技工作人员向北京商报记 者介绍称，这是一款能达到毫米级精度的机器人，同时还具备双脑协同决策功能，除了能够在狭窄的操 作台之间灵活转身，平稳精准地将爆米花倒入盒中递给观众，还能快速回应观众挥手、比心、鼓 ...

Core Insights - The transition from industrial robots to humanoid robots represents an evolution rather than a mere change of track, indicating a shift towards more complex systems [5] - Companies are focusing on the speed of deployment of humanoid robots in practical applications rather than merely mimicking human appearance [6][7] - The humanoid robot market in China is projected to exceed 100 million units by 2045, with a market size potentially reaching approximately 10 trillion yuan [6] Company Developments - Yujian Technology launched its humanoid robot DOBOT Atom II at the World Robot Conference, emphasizing its capabilities in precision and dual-brain collaborative decision-making [3] - New松 Robotics showcased various humanoid robots and highlighted the natural progression from traditional industrial robots to humanoid robots, driven by increasing customer demands for flexible production [4] - Yujian Technology's chief scientist noted that advancements in AI models have enabled breakthroughs in control, cognition, and interaction, making humanoid robots more than just physical imitations of humans [4] Market Trends - The initial deployment of humanoid robots is expected to occur in low-speed, high-frequency, and essential commercial scenarios, such as pharmacy logistics and retail guidance [6] - The industry is moving towards integrating humanoid robots with various industrial equipment and digital workshops to enhance high-end and intelligent upgrades [7] - The focus is shifting from rigid constraints in industrial robots to embracing flexibility and uncertainty in humanoid robots, necessitating upgrades in algorithms, perception models, and motion planning [7]