人民财讯1月14日电，蓝思科技1月14日在互动平台表示，公司已构建起具身智能核心部件到整机组装的 垂直整合制造平台，产品从整机组装到液态金属、铝镁合金结构件、六维力传感器、头部模组、关节模 组和灵巧手等核心零部件与模组。目前已为国内外多家头部机器人客户批量交付人形机器人、四足机器 人整机和头部模组、关节模组、灵巧手、结构件等，组装出货规模位居行业前列。 转自：证券时报 ...

（编辑 丛可心） 证券日报网讯 1月14日，蓝思科技在互动平台回答投资者提问时表示，公司已构建起具身智能核心部件 到整机组装的垂直整合制造平台，产品从整机组装到液态金属、铝镁合金结构件、六维力传感器、头部 模组、关节模组和灵巧手等核心零部件与模组。目前已为国内外多家头部机器人客户批量交付人形机器 人、四足机器人整机和头部模组、关节模组、灵巧手、结构件等，组装出货规模位居行业前列。近期已 确定成为北美头部机器人客户首批核心供应商，头部模组已通过客户认证，结构件等正在认证中。 ...

蓝思科技1月14日在互动平台表示，公司已构建起具身智能核心部件到整机组装的垂直整合制造平台， 产品从整机组装到液态金属、铝镁合金结构件、六维力传感器、头部模组、关节模组和灵巧手等核心零 部件与模组。目前已为国内外多家头部机器人客户批量交付人形机器人、四足机器人整机和头部模组、 关节模组、灵巧手、结构件等，组装出货规模位居行业前列。近期已确定成为北美头部机器人客户首批 核心供应商，头部模组已通过客户认证，结构件等正在认证中。 ...

格隆汇1月13日丨立中集团(300428.SZ)在互动平台表示，公司凭借多年铝合金新材料和汽车零部件全球 供应商的经验，正在人形机器人领域积极对接国内外客户，加速推进产品验证与合作落地。目前公司产 品覆盖人形机器人大骨架、肩部关节、灵巧手、支撑系统结构件、胸杆前后外壳和AGV壳体等全套加 工件，并且能够提供人形机器人组装和配套服务，暂未涉及人形机器人执行器和减速器的相关业务。 ...

格隆汇1月13日丨立中集团(300428.SZ)在互动平台表示，公司凭借多年铝合金新材料和汽车零部件全球 供应商的经验，正在人形机器人领域积极对接国内外客户，加速推进产品验证与合作落地。目前公司产 品覆盖人形机器人大骨架、肩部关节、灵巧手、支撑系统结构件、胸杆前后外壳和AGV壳体等全套加 工件，并且能够提供人形机器人组装和配套服务，暂未涉及人形机器人执行器和减速器的相关业务。 ...

投资建议：该行预计公司2026-2027年实现营业收入35.70/42.18亿元，归母净利润0.91/4.20亿元。对应PS 分别为4.73/4.01倍，首次覆盖，给予"买入"评级。 风险提示：智驾及机器人产业进展不及预期、原材料成本大幅波动、市场竞争加剧。 2014年公司成立，现已形成R、M、E、EM四大平台的激光雷达产品，应用于ADAS、机器人等多个场 景；近期公司也正加快发展"创新业务"，主要产品为具身智能相关的机器人之眼AC1/2、灵巧手等。 智驾产业持续推进，公司ADAS雷达已与海内外多家车企合作 2025年国家加强对辅助驾驶的管理，2025年上半年L2以上渗透率同比提高12.3个百分点，带动激光雷达 出货量同步提升。公司ADAS雷达客户涵盖国内外多家车企，2021-2024年期间公司ADAS雷达交付量由 0.4万台增至52.0万台，2025年前三季度交付37.1万台。2025年机器人及其他激光雷达销量及收入同比高 增：公司机器人及其他激光雷达可用于多个场景，如具身智能、无人配送、割草机器人、Robotaxi、清 洁机器人等，客户包括宇树、智元、新石器、白犀牛、小马智行等。公司机器人及其他激光雷达交 ...

智驾产业持续推进，公司ADAS雷达已与海内外多家车企合作 智通财经APP获悉，财通证券发布研报称，速腾聚创(02498)是国内优质激光雷达厂商，雷达产品种类多 且覆盖汽车和机器人两大核心场景，随着创新业务逐渐贡献收入，公司后续业绩有望保持高速增长。首 次覆盖，给予"买入"评级。 财通证券主要观点如下： 公司激光雷达种类丰富，加快发展"创新业务" 2014年公司成立，现已形成R、M、E、EM四大平台的激光雷达产品，应用于ADAS、机器人等多个场 景；近期公司也正加快发展"创新业务"，主要产品为具身智能相关的机器人之眼AC1/2、灵巧手等。 2025年国家加强对辅助驾驶的管理，2025年上半年L2以上渗透率同比提高12.3个百分点，带动激光雷达 出货量同步提升。公司ADAS雷达客户涵盖国内外多家车企，2021-2024年期间公司ADAS雷达交付量由 0.4万台增至52.0万台，2025年前三季度交付37.1万台。2025年机器人及其他激光雷达销量及收入同比高 增：公司机器人及其他激光雷达可用于多个场景，如具身智能、无人配送、割草机器人、Robotaxi、清 洁机器人等，客户包括宇树、智元、新石器、白犀牛、小马智行 ...

Core Insights - The CES 2026 showcased over 4,112 companies from more than 150 countries, with a significant focus on technology that is now tangible and experiential rather than just conceptual [2] - The event highlighted advancements in physical AI, emphasizing the importance of real-world applications and emotional connections between humans and robots [4][6][8] Company Highlights - **Sentigent Technology**: Focuses on outdoor companion robots that utilize AI to build emotional connections with users, starting with simple tasks to gain trust before tackling more complex responsibilities [4][15] - **New Stone Technology**: Specializes in B2B logistics with the launch of the RoboVan product family, addressing the "last 100 meters" delivery challenge. The company has deployed over 16,000 L4 autonomous vehicles, covering nearly 80 million kilometers [6][10][19] - **Agile Intelligence**: Concentrates on developing dexterous hands for robots, emphasizing the importance of tactile sensors and flexibility in robotic applications. The company aims to invest long-term in this technology to enhance human-robot interaction [8][16] Industry Trends - The trend towards physical AI is expected to grow, with companies focusing on practical applications that enhance daily life and reduce the burden of undesirable tasks on humans [9][14] - Data collection and real-world human interaction are seen as critical for the advancement of robotics, particularly in the context of human-like capabilities and decision-making [12][18] - The global landscape for robotics is shifting, with significant participation from Chinese companies at CES, indicating a strong potential for collaboration between the US and China in AI and robotics [18][19] Future Vision - The panelists expressed a vision for the next decade where robots will take over tedious and dangerous jobs, allowing humans to engage in more meaningful activities. This shift is expected to enhance quality of life and foster emotional connections with robots [23][27] - There is a belief that advancements in AI will lead to robots becoming trusted companions in households, capable of performing various tasks as they learn and evolve [15][27]

锂电设备：一方面，液态电池扩产持续增加，据GGII，2025 年中国锂电池新增规划项目共计约64 个， 规划产能超1100GWh，同比+105%。另一方面，首个固态电池国家标准出炉，明确规定只有通过特定 失重率测试且满足不大于0.5%的电池，才能被认定为固态电池，标志着我国固态电池技术迈向产业化 落地的关键阶段，有望促进电池厂进行固态电池中试线扩建。建议关注先导智能、纳科诺尔、荣旗科 技、华自科技等。 本周组合：重点关注迈为股份、锐科激光、兰石重装、合锻智能、永鼎股份、浙江荣泰、恒立液压、新 泉股份、芯碁微装等风险提示：产业化进程不及预期，下游需求不及预期，行业竞争加剧等。 机器人：2026 年CES 展会上有超20 家国内本体厂展出人形机器人，展示格斗、人机同台互动、遛四足 狗，跳操、热舞、递名片等，体现中国机器人正从实验室走向真实生活场景，并有18 家企业展出了灵 巧手产品，其中中国企业11 家。1 月7 日，工信部等八部门印发《"人工智能+制造"专项行动实施意 见》，其中提到：建设人形机器人中试基地和训练场，打造人形机器人标杆产线，在典型制造场景率先 应用。海外链建议关注：浙江荣泰、恒立液压、拓普集团、 ...

Core Insights - The article emphasizes a shift in the AI hardware industry towards practical applications and commercialization, moving away from grand narratives of universal robots to specialized solutions [6][7][10]. Group 1: Market Trends - The consensus at CES 2026 is that the "bubble is shrinking," with companies focusing on vertical scenarios rather than one-size-fits-all solutions [8]. - Companies are abandoning humanoid robots in favor of specialized devices, such as wheeled robotic arms and folding machines, indicating a trend towards smaller, cost-effective solutions [9]. - The introduction of home robots priced below 10,000 yuan is expected to lower industry entry barriers, exemplified by products like the remote-free home robot dog [9]. Group 2: Companion Robots - The companion robot market is becoming increasingly competitive, with a clear distinction emerging among survivors: those with precise product definitions, high technical barriers, or innovative forms like flying companions [12]. - The emotional value of companion robots is being engineered and quantified, with design principles being applied to create a sense of "life" in robotic movements [13]. - Companion robots are positioned not as replacements for pets but as alternatives for those who desire the emotional benefits of pet ownership without the responsibilities [13]. Group 3: Supply Chain Dynamics - The dominance of Chinese manufacturers at CES highlights a significant shift in the global supply chain, with the "East rising and West falling" narrative becoming increasingly evident [15]. - The efficiency of the Chinese supply chain allows for rapid hardware iteration, contrasting with the slower pace of Western teams reliant on Chinese components [15][17]. - The geographical concentration of manufacturing in regions like Dongguan provides a competitive advantage that is difficult to replicate [17]. Group 4: AI Glasses Market - The AI glasses market is characterized by intense competition, with various manufacturers vying for a share, but large companies are expected to dominate due to their supply chain capabilities [19][20]. - For AI glasses to achieve mass commercialization, they must excel in multiple areas such as weight, battery life, interaction, display, computation, and price, which is currently not the case [20]. - Opportunities still exist for startups in niche verticals, such as professional sports and industrial inspections, despite the competitive landscape [20]. Group 5: Future Outlook - The discussion among industry leaders indicates a growing focus on emotional needs, particularly in the companion robot sector, which targets a significant market of individuals seeking companionship [22]. - The transition from theoretical technology to practical engineering solutions is underway, with B2B applications likely to see commercialization before broader consumer adoption [22]. - The article concludes that the industry is shifting from questioning the feasibility of technology to evaluating the market value of products, marking a significant change in focus [25].