7月27日，动界智控团队在2025年世界人工智能大会(WAIC)现场发布了其关节模组产品，包括人形机器 人旋转关节、直线关节及灵巧手指关节。从此次发布的产品来看，动界智控的关节模组专为先进的人形 机器人与服务机器人设计，兼具高扭矩密度、低背隙及紧凑结构的特点。借助动界团队数十年的机电研 发经验，将为新一代机器人带来精准、流畅、静音、智能的运动表现。 动界智控科技有限公司(简称"动界智控")是上海电气（601727）旗下工业装备及工业基础件产业集团上 海机电（600835）股份有限公司(SH600835)与香港上市的大型跨国制造企业集团德昌电机有限公司 (HK0179)近日共同投资设立的战略合资企业。 动界智控立足于双方股东在工业机电一体化、精密基础件产品以及汽车和工业微型电机等领域的深厚技 术积累与丰富行业经验，致力于成为人形机器人及具身智能关键硬件模组产品和系统集成解决方案的专 业提供商。与此同时，公司也将探索更广泛的机器人应用，以满足国内和工商业领域不断变化的需求。 通过融合前沿工程技术与强大的制造能力，动界智控将积极推动智能自动化的未来发展。 记者了解到，动界智控总部位于中国，重点聚焦仿人机器人领域，致 ...

银轮股份 20250718 摘要 银轮股份今年的业绩表现引起了市场的一些分歧。我们之前的预期是在 2.6 亿 以上，但目前估计实际情况在 2.3 亿到 2.5 亿之间，中值约为 2.4 亿，这明显 好于市场较为悲观的预期。市场一度认为由于贸易战和主要客户 T 的影响，二 季度业绩可能会在负 10%到 0%的区间，但我们认为实际增长应在 10%以上。 今年上半年整体情况来看，年初给出的 10.5 亿元指引不需要大幅下修。 贸易战和主要客户 T 对银轮股份业务有何影响？ 今年发生了两件大事：贸易战和主要客户 T 整体销量及表现。这确实带来了一 些压力，但公司的增长主要依靠数据中心和商用车热管理业务。今年数据中心 收入预计增长三四亿元，而商用车热管理预计贡献 3,000 万至 4,000 万增量利 润。这两块业务一直超出预期，而 T 客户方面，由于品类扩张，公司并未完全 依赖其销量增长。尽管北美核心客户收入从 17 亿元下修至 14 亿元左右，但公 司通过品类扩张，如欧洲空调箱、前端模块、碳化硅等产品，仍能实现较好的 增长。 银轮股份机器人业务的发展情况如何？ 银轮股份二季度业绩预计超市场预期，实际增长或超 10% ...

Core Viewpoint - Weichuang Electric is focusing on enhancing its product structure and expanding its business across multiple fields, while also emphasizing global market trends and technological innovations to meet customer demands. Group 1: Business Strategy and Outlook - The company plans to deepen its industry demand analysis and implement three main strategies: "full-category attack, full-field coverage," "entering the vast plain business," and "efficient collaboration to improve categories" to enhance its product structure and develop comprehensive solutions across various sectors such as heavy industry, light industry, high-end equipment, new energy, and robotics [2][3] - The company aims to continue its global expansion, focusing on new technologies and trends in the industrial automation sector to provide innovative products and solutions that support digital and sustainable industrial production [2] Group 2: Robotics Sector - In the humanoid robotics field, the company offers a complete set of motion actuator solutions, including various key components such as rotary joint modules and AI-powered software algorithms, to support the development of humanoid robots [3] - Future plans include increasing R&D investment to develop high-performance, high-quality, and reliable innovative products, enhancing market responsiveness, and promoting smart manufacturing upgrades [3] Group 3: Joint Ventures and Collaborations - The establishment of the joint venture Yizhi Lingqiao is aimed at deepening cooperation and resource integration to enhance overall operational efficiency, aligning with the company's strategic development needs [4] Group 4: International Revenue and Market Strategy - In Q1 2025, the company achieved overseas revenue of 99.2 million yuan, representing a year-on-year growth of 28.74%. The company plans to continue its global strategy, analyze overseas market conditions, and enhance its international marketing efforts [5] Group 5: Market Share and Competitive Advantages - The increase in market share is attributed to several factors: technological innovation, market demand recovery, effective marketing strategies, business structure optimization, and the company's strong brand presence [6] - The company leverages local advantages to narrow the gap with international giants in terms of product performance and technology, supported by government policies promoting the automation control industry [6] Group 6: Digital Energy Business - The company is implementing a "diversified construction of a smart energy new ecosystem" strategy, covering various solutions such as energy storage inverters and battery testing equipment, with current sales including inverters and energy storage devices [7]