1月12日，A股市场震荡上行，沪指强劲冲高，冲击17连阳！硬科技板块接连上涨，机器人ETF基金(159213)放量上涨2.9%，冲击3连阳。盘中资金汹涌涌 入，机器人ETF基金(159213)强劲吸金超1700万元，加上今日已连续10日吸金，合计净流入超2.4亿元！ 机器人ETF基金(159213)标的指数成分股多数上涨，成分股科大讯飞涨超8%，中控技术上涨6.9%，大华股份涨3.66%，机器人涨2.5%，汇川技术、绿的谐波 涨幅居前，拓普集团、大族激光等涨幅居前。 | 序号 | 代码 | 名称 | 申万一级行业 | 涨跌幅 | 估算权重 ▼ | | --- | --- | --- | --- | --- | --- | | 1 | 002230 | 科大讯飞 | 计算机 | 8.35% | 10.54% | | 2 | 300124 | 汇川技术 | 机械设备 | 1.89% | 9.89% | | 3 | 601689 | 拓普集团 | 汽车 | -2.16% | 7.54% | | 4 | 002236 | 大华股份 | 计算机 | 3.66% | 4.45% | | 5 | 002008 | 大族激光 ...

Group 1 - Tencent's Robotics X Lab has formed a strategic partnership with Yushu Technology to enhance the application of Yushu's robots in various scenarios such as cultural tourism sites, shopping malls, and corporate exhibition halls [2] - The collaboration will leverage Tencent's Tairos embodied intelligent model to support Yushu's robots in providing user-friendly tour guide and shopping services, aiming to set industry benchmarks [2] - Tencent participated in Yushu Technology's Series C financing, which was completed in June 2025, with major investors including China Mobile's fund, Tencent, Alibaba, Ant Group, and Geely Capital [2] Group 2 - The robot tour guide solution developed by both companies has been piloted at the Dunhuang Mogao Caves Digital Exhibition Center and the Shanghai Guoling Law Firm global headquarters [3] - The Yushu G1 AI tour guide robot, equipped with the Tairos model, has started its internship as a guide at the Dunhuang site, providing visitors with cultural insights [3] - At the Shanghai Guoling Law Firm, the G1 robot serves as a guide, offering information about the firm's history and allowing clients to engage in Q&A sessions [3] Group 3 - Other companies have also disclosed collaborations with Yushu Technology, focusing on models, hardware, and ecosystem development [4] - iFlytek announced its partnership with Yushu Technology, providing AI services based on its Super Brain 2030 platform, covering over 500 intelligent robot manufacturers [4] - JD.com launched its first offline store in collaboration with Yushu Technology, featuring products like the Go2 robotic dog and G1 humanoid robot, marking an expansion of the robot ecosystem into offline scenarios [4] - Rockchip has reported a high market share for its flagship product RK3588 in the robotics sector, collaborating with Yushu Technology and other notable clients on various robot forms [4]

Economic Policy and Market Overview - The People's Bank of China emphasized the importance of promoting high-quality economic development and reasonable price recovery in its monetary policy, utilizing various tools like reserve requirement ratio cuts and interest rate reductions to maintain liquidity and support balanced credit growth [1] - The Ministry of Commerce announced strengthened export controls on dual-use items to Japan, citing recent provocative statements from Japanese leaders regarding Taiwan, which are seen as a serious violation of China's sovereignty [1] Capital Market Developments - The China Securities Index announced adjustments to the CSI 1000, CSI 500, and CSI A500 indices, effective January 9, 2026, with companies like Chipone Technology and Mingyue Optical being added to the indices [3] - In December 2025, A-share new account openings reached 2.6 million, a 9% increase from November, with a total of 27.44 million new accounts opened throughout the year, marking a 10% year-on-year growth [3] Industry Insights - AI in healthcare is gaining traction, with Alibaba's AI model for early pancreatic cancer screening highlighted as a significant innovation, indicating a growing trend in AI applications across various medical fields [6] - The semiconductor industry is experiencing price increases, with Samsung and SK Hynix raising DRAM prices for servers, PCs, and smartphones by 60%-70% in Q1 2026 compared to Q4 2025 [7] Company Highlights - iFlytek reported extensive collaborations with over 500 robot manufacturers, leveraging its AI service platform for various types of robots [8] - BYD outperformed Tesla in sales across Europe's two largest electric vehicle markets, with a sevenfold increase in sales in Germany to 23,306 units, while Tesla's sales dropped to 19,390 units [9] - FiconTEC, a subsidiary of Robotech, signed a significant contract worth approximately €770,000 (about ¥63.08 million), which is expected to have a positive impact on the company's revenue [11] - MiniMax's IPO received overwhelming interest, with a subscription amount exceeding HK$253.3 billion and a public offering oversubscription rate of 1,209 times [13]

Group 1 - The Ministry of Commerce announced that the "old-for-new" policy will drive consumer goods sales to reach 3.92 trillion yuan, benefiting 494 million consumers [3] - The policy will include support for the update of commercial facilities and energy-saving equipment, encouraging local governments to provide policy support for sorting center construction [3] - The "14th Five-Year Plan" aims to promote the construction of approximately 200 "waste-free cities" and increase the supply of high-quality green agricultural products [3] Group 2 - The People's Bank of China emphasized the importance of promoting high-quality economic development and reasonable price recovery in its monetary policy considerations [3] - The central bank plans to maintain ample liquidity and relatively loose social financing conditions to align monetary supply growth with economic growth and price level expectations [3] Group 3 - China Satcom issued a risk warning regarding its stock, which has increased by 108.64% since December 3, 2025, significantly outpacing the industry and market indices [5] - The company’s current price-to-earnings ratio stands at 704.09, far exceeding the industry average, indicating a potential risk of a significant price drop [5] Group 4 - Chipsource announced an investment in TianSui Chip Technology, acquiring control of ZhiDian Semiconductor, with a capital increase of 940 million yuan [6] - The company will hold a 40% stake in TianSui Chip Technology, becoming its largest shareholder [6] Group 5 - Aerospace Electronics reported a stock price increase of 123.23% since November 27, 2025, indicating a potential market overheating situation [7] - The stock's trading volume has been significant, raising concerns about the sustainability of its current price level [7] Group 6 - Keda Xunfei is collaborating with over 500 intelligent robot manufacturers, providing AI services based on its multi-modal perception and large model capabilities [7] - The company is positioned as a key player in the robotics industry, partnering with leading firms [7] Group 7 - Zhongtai Co. expects a net profit of 420 million to 480 million yuan for 2025, indicating a turnaround from losses [9] - Lier Chemical anticipates a net profit of 460 million to 500 million yuan, representing a year-on-year growth of 113.62% to 132.19% [9]

人民财讯1月6日电，科大讯飞（002230）1月6日在互动平台表示，讯飞机器人超脑平台以讯飞超脑2030 为技术底座，面向机器人厂商提供以多模态感知交互能力和大模型大脑为核心的AI服务，通过软硬件 一体的形式助力厂商快速集成，让机器人快速具备能听会说、能理解、会行动的能力。基于已有的产业 基础与技术沉淀，2025年10月28日，讯飞机器人超脑平台全新升级，聚焦真实场景交互痛点与行业发展 需求，实现多人多模态降噪技术、高情商智能对话体验、连续指令精准响应、具身智能全栈解决方案、 软硬件一体低门槛接入等多项核心技术突破。目前合作已覆盖人形机器人、四足机器人、公共服务机器 人等500余家智能机器人厂商，与宇树、智元、银河通用、松延动力等头部机器人企业形成广泛合作。 ...

科大讯飞在互动平台表示，讯飞机器人超脑平台以讯飞超脑2030为技术底座，面向机器人厂商提供以多 模态感知交互能力和大模型大脑为核心的AI服务，通过软硬件一体的形式助力厂商快速集成，让机器 人快速具备能听会说、能理解、会行动的能力。基于已有的产业基础与技术沉淀，2025年10月28日，讯 飞机器人超脑平台全新升级，聚焦真实场景交互痛点与行业发展需求，实现多人多模态降噪技术、高情 商智能对话体验、连续指令精准响应、具身智能全栈解决方案、软硬件一体低门槛接入等多项核心技术 突破。目前合作已覆盖人形机器人、四足机器人、公共服务机器人等500余家智能机器人厂商，与宇 树、智元、银河通用、松延动力等头部机器人企业形成广泛合作。 ...

Core Viewpoint - The article highlights the significant investment activity in the embodied intelligence sector, particularly focusing on the recent funding round of "Galaxy General," which raised over 1 billion yuan, marking the largest single financing event in this field for the year [1][3]. Group 1: Investment Landscape - "Galaxy General" completed a financing round exceeding 1 billion yuan, led by industry leaders including CATL and Puxuan Capital, with participation from various institutional investors [1]. - The investment from iFlytek Venture Capital, a subsidiary of iFlytek, indicates a strategic focus on the embodied intelligence sector, where iFlytek has been actively investing in multiple robotics companies [3][6]. - iFlytek Venture Capital has established a comprehensive investment strategy centered around AI technologies, targeting sectors such as smart vehicles, healthcare, industrial control, and robotics [6]. Group 2: Technological Development - Key components like sensors and actuators are crucial for the performance of embodied intelligent robots, and iFlytek is focusing on companies with advanced technologies in these areas [9]. - iFlytek's investment in humanoid robot companies, such as UBTECH, showcases its commitment to enhancing its technological capabilities in the robotics field [9][11]. - The establishment of partnerships and collaborations, such as with Zero Degree Robotics, aims to integrate resources and advance the development of the embodied intelligence industry [14]. Group 3: Industry Ecosystem - iFlytek is actively building an ecosystem for embodied intelligence through strategic collaborations and investments, which include partnerships with leading robotics firms [14][15]. - The company has developed a "Robot Super Brain" platform that integrates large model technologies, enhancing the interaction capabilities of robots across various applications [15]. - The collaboration with universities and research institutions, such as the establishment of a national key laboratory for cognitive intelligence, aims to bridge academic research with practical industry needs [17]. Group 4: Market Trends - The embodied intelligence sector has shown robust growth since 2025, with companies like Yushu Technology reporting annual revenues exceeding 1 billion yuan, reflecting the increasing demand for robots in both consumer and industrial markets [20]. - Despite facing challenges such as technological bottlenecks and high costs, the future outlook for the embodied intelligence industry remains promising, with expectations of a "golden age" as these issues are addressed [21].

Core Viewpoint - The article discusses the advancements in AI and human-machine interaction, particularly focusing on iFlytek's new AIUI platform and its implications for the smart hardware industry, emphasizing a shift from basic command-response interactions to deeper, collaborative engagements [1][73]. Group 1: AI Advancements - iFlytek's AIUI platform has evolved from basic voice recognition to a complex system that enables deep intelligent collaboration, enhancing user interaction across various scenarios [9][10]. - The platform supports multi-turn conversations and emotional recognition, allowing for a more natural and engaging user experience [12][20]. - The AIUI has been integrated into over 1 billion devices since its launch in 2015, showcasing its widespread adoption in various fields such as automotive and robotics [15][19]. Group 2: Technical Innovations - The AIUI upgrade includes a full-duplex interaction model that improves the responsiveness and natural flow of conversations, addressing previous limitations in voice assistant technology [17][19]. - iFlytek has developed a memory system that mimics human memory, allowing for personalized interactions based on user history and context [23]. - The platform's audio response time has been optimized to 1.6 seconds, positioning it as a leader in the industry for voice interaction systems [25][42]. Group 3: Targeted Applications - A specialized interaction solution for children has been introduced, resulting in a 733% increase in interaction frequency, highlighting the growing demand for AI in educational contexts [26][66]. - The AIUI platform is also enhancing experiences in various hardware scenarios, such as smart glasses, by utilizing advanced noise-cancellation technologies [30][40]. - iFlytek's robot super brain platform integrates with various robotic products, enabling them to engage in meaningful conversations and interactions in real-world settings [36][44]. Group 4: Ecosystem Development - iFlytek aims to collaborate with over 300,000 developers to create AI hardware solutions, enhancing the interaction effects between software and hardware [31][60]. - The company has established a digital human interaction platform, which has seen a 16% increase in production and a 6.5-fold rise in user interactions over the past year [62][66]. - iFlytek's annual developer competition fosters innovation and collaboration within the AI community, further driving advancements in the field [69][70].

Core Viewpoint - The article discusses the advancements in AI and human-machine interaction, particularly focusing on iFlytek's new AIUI platform and its implications for the smart hardware industry, emphasizing a shift from basic command-response interactions to more complex, collaborative engagements [1][73]. Group 1: AI Advancements - iFlytek's AIUI platform has evolved from basic voice recognition to a complex system that enables deep intelligent collaboration, enhancing user interaction across various scenarios [9][10]. - The platform supports multi-turn conversations and emotional recognition, allowing devices to respond more naturally and contextually to user inputs [12][20]. - The AIUI has been integrated into over 1 billion devices since its launch in 2015, showcasing its widespread adoption in various sectors [15]. Group 2: Technical Innovations - The latest upgrade includes a dual-channel interaction model that improves the device's ability to discern user intent and emotional state, enhancing the overall interaction experience [17][19]. - iFlytek's AIUI can now process audio responses in as little as 1.6 seconds, positioning it as a leader in the industry for voice interaction systems [25][42]. - The introduction of a memory system that mimics human memory allows for personalized interactions, adapting to user preferences over time [23]. Group 3: Market Applications - The platform has seen a significant increase in interaction frequency, particularly in children's scenarios, with a reported 733% rise in engagement [26]. - iFlytek's digital human technology has expanded, with a 16% increase in production and a 6.5-fold rise in user interactions, indicating strong market demand [62]. - The company aims to replace traditional human-machine interfaces with direct interactions, enhancing the user experience in various applications, including education and healthcare [59][75]. Group 4: Ecosystem Development - iFlytek plans to collaborate with over 300,000 developers to create AI hardware solutions, enhancing the integration of software and hardware [31]. - The company has launched a modular design for its robot super brain platform, addressing the challenges of fragmented demand in the robotics industry [46]. - The ongoing iFlytek AI Developer Competition aims to foster innovation and collaboration within the AI community, further driving advancements in the field [69].

Investment Rating - The report maintains an "Overweight" rating for the humanoid robot industry [4] Core Views - The humanoid robot industry is experiencing significant advancements both in terms of product development and policy support, indicating a new phase of commercialization [14] - Major companies and startups are increasingly investing in humanoid robotics, with notable developments in technology and funding [14] - The establishment of innovation centers and investment funds in regions like Hubei is expected to enhance the industry's growth and innovation capabilities [12][13] Industry Developments - On June 3, PepsiCo launched its first humanoid robot, "Pepsi Blue Treasure," marking a milestone in brand intelligence upgrade [1] - Galaxy General introduced an end-to-end navigation model, TrackVLA, which enhances the capabilities of humanoid robots [1] - HeShan Technology has developed a tactile simulation model, leading the evolution of tactile technology in robotics [1] - Figure released a video showcasing its robot sorting packages, demonstrating advanced operational capabilities [2] - YuanSheng Technology completed a new funding round to advance its tactile technology for robots [2] - Benmo Technology raised several hundred million RMB in funding to enhance its flexible motor design and production capabilities [2] - Zhongke Wireless Semiconductor launched a GaN-based ASIC driver chip for robotic joints, tailored for various high-power applications [3] Company Initiatives - Yijiahe established a new intelligent technology company focusing on robotics [8] - Zhongkong Technology is actively investing in the humanoid robot sector and plans to launch new products [8] - Zhaofeng Co. and Kepler Robotics formed a strategic partnership to accelerate the industrialization of humanoid robots [8] - Kede CNC is focusing on motion control technology and core component manufacturing for humanoid robots [9] - Longxi Co. is in the early stages of developing supporting products for humanoid robots [9] - Lingyi Intelligent Manufacturing and Shanghai Zhiyuan have formed a strategic partnership to develop industrial humanoid robots [9] - Fule New Materials launched its second-generation tactile sensing products, focusing on electronic skin systems [10] - Jingu Co. is increasing R&D efforts in robotics and related fields [10] - iFlytek's super brain platform covers 90% of domestic intelligent robot manufacturers, enhancing human-robot interaction capabilities [11] Policy Support - Hubei Province is accelerating the high-quality development of the humanoid robot industry, establishing a significant innovation center [12] - A 5 billion RMB investment fund for the humanoid robot industry was established in Hubei to support venture investments [12] - Guangdong plans to establish an AI and robotics industry alliance to enhance industry integration and technological advancements [13]