国内市场上，公司自主研发的面向城市轨道交通领域的综合监控系统和综合安防系统、直流供电系统、 机车车辆控制零部件、刚性悬挂接触网等产品在多个城市轨道交通项目落地；铁路供电自动化系统中的 多个系统覆盖全国各铁路公司，应用于高铁、客运专线及常速电气化铁路。 国外市场中，全资子公司德国RPS在德国轨道交通供电及接触网业务保持市场领先，业务延伸至欧洲、 亚洲、北美、澳洲等地区，上半年子公司RPS贡献营业收入7.79亿元，净利润1529.35万元，成为公司重 要增长来源。 项目进展上，截至报告期末，公司在执行合同金额达66.47亿元，其中境内16.14亿元、境外50.33亿元。 1000万元以上的重点项目推进有序，境内市场上，如北京22号线(平谷线)ISCS处于设计联络阶段，天津 8号线一期ISCS进入生产供货阶段，天津7号线一期ISCS进入调试、验收阶段；境外市场上，多个项目 进度良好，如EEP_S21Untertürkheim Interregiokurve项目进度89.32%、Kiel-GFBBbf.项目进度89.17%、 Korridor Riedbahn项目进度88.97%。(燕云) 8月26日晚间，凯发电气（ ...

Summary of Key Points from the Conference Call Industry Overview - The conference focused on the **Artificial Intelligence (AI)** and **robotics** industry, particularly the advancements in humanoid robots and their market potential [1][4][11]. Core Insights and Arguments 1. **Rapid Iteration of AI Performance**: The emergence of large models and improvements in training algorithms have led to rapid iterations in AI performance, akin to Moore's Law, enhancing learning and adaptability [1][3]. 2. **Embodied Intelligence**: A significant direction in AI development is embodied intelligence, which involves interaction with the physical world for perception and decision-making. Humanoid robots are key carriers of this intelligence, with potential market sizes surpassing automotive and consumer electronics [1][4]. 3. **Advancements in Robotics Technology**: Recent progress in robotics includes faster model iterations and expanded application scenarios, laying a foundation for market growth [1][7]. 4. **Dual-System Architecture**: The application of dual-system architecture in humanoid robots has improved action fluidity and training efficiency, enabling better adaptability to new objects through zero-shot learning capabilities [1][8][9]. 5. **Market Dynamics**: The humanoid robot industry is characterized by intense competition, with various companies making strides in human-robot interaction and training, while supply chain costs are rapidly decreasing, accelerating commercialization [1][11][12]. Additional Important Insights 1. **Impact of AI on Smart Manufacturing**: AI's rapid development has profound implications for the smart manufacturing sector, necessitating higher efficiency in data center infrastructure due to increased computational demands [2]. 2. **Commercialization of AI**: The year 2025 is expected to see accelerated commercialization of AI, with a shift from pre-training to reasoning models, driving rapid growth in computational power demand [40][41]. 3. **Cost Reduction in Supply Chains**: The decline in component prices, with some key parts dropping to around 1,000 RMB, is facilitating earlier-than-expected large-scale production in the humanoid robot sector [12][13]. 4. **Future Market Potential**: The humanoid robot market is projected to grow significantly, with mass production leading to lower prices, making it feasible for households to own humanoid robots [4][13]. 5. **Collaboration and Empowerment**: Companies are increasingly collaborating with those possessing large model capabilities to enhance automation and intelligence in their products [4]. Companies to Watch - Notable companies in the humanoid robot space include **Tesla**, **EX**, **Zhiyuan Robotics**, and **UBTECH**, all of which have plans for mass production [4][19]. - **Huichuan Technology** and **Estun** are also highlighted for their transitions into humanoid robotics [19]. Investment Opportunities - Beyond humanoid robots, investment opportunities in the **engineering machinery sector** are emphasized, particularly companies leveraging AI for enhanced capabilities [20]. Conclusion The conference highlighted the transformative potential of AI and robotics, particularly in the humanoid robot sector, with significant advancements in technology, market dynamics, and investment opportunities anticipated in the coming years.