近日，来自宁波均普智能制造股份有限公司（股票简称：均普智能，股票代码：688306）旗下的公司普 智未来机器人的消息，其工厂即将有200台具身智能机器人下线，涵盖人形机器人和轮式机器人两种类 型。"明年产能将扩展到2000台，满足更高量产化需求。"均胜集团副总裁、均普机器人研究院董事长、 普智未来机器人董事长周兴宥公开表示。 其中，人形机器人"贾维斯2.0"智能系统成功完成多模态升级，通过接入大语言模型（LLM）和视觉语 言模型（VLM）等多种AI模型，实现了多语种对话、语音指令控制、视觉引导的物品抓放等功能。同 时，"贾维斯轻量化1.0"版本已正式交付清华大学等高校用于科研教学。 即将下线的双足机器人 在硬件研发方面，均普智能成功研制出负载10kg的直线关节人形机器人手臂样机，并同步推动人形机器 人双腿模组研发；首台四足机器人样机也顺利开发完成。 公司在机器人核心零部件研发领域，也取得系列重要进展。针对特种应用场景开发的定制外壳解决方案 已通过严格的环境适应性测试；与战略合作伙伴联合研发旋转关节模组，顺利完成首款类摆线减速器样 机开发，各项性能指标均达到国际先进水平。 普智未来机器人公司即将下线的轮式机器人 ...

Core Viewpoint - The company has reduced R&D expenses by 20% while managing to narrow its losses, with hopes pinned on the commercialization of its humanoid robot business as a key to turning profitable [1][2][3] Financial Performance - In the first half of 2025, the company reported revenue of 1.032 billion yuan, a year-on-year decrease of 7.86% [4] - The net loss attributable to shareholders was 27.77 million yuan, a reduction in loss of 8.65% year-on-year, with the second quarter showing a profit [1][4] - The gross profit margin improved to 20.05%, up 2.81 percentage points year-on-year [2][4] Cost Management - The company experienced a decrease in operating costs, contributing to the slight increase in gross margin, but the reduction in losses was primarily due to a decrease in operating expenses [3][4] - R&D expenses were cut by nearly 20%, while management expenses increased by 8.43% [4][3] Order Growth and Business Focus - The company secured new orders worth 1.112 billion yuan in the first half, a year-on-year increase of 20.22%, with non-automotive orders growing by 46.60% [2][4] - Significant projects in the healthcare sector include a continuous glucose monitoring sensor production line with a design capacity of 15 million units per year [2] Humanoid Robot Development - The company made breakthroughs in its humanoid robot business, including upgrades to the "Jarvis 2.0" intelligent system and the successful development of a 10-kilogram load linear joint robotic arm prototype [6][8] - A joint venture with Zhiyuan Robotics was established to focus on humanoid robot production, with an annual design capacity of 1,000 units [9][10] Market Reaction and Future Outlook - The market has shown volatility in response to developments in the humanoid robot sector, with stock prices fluctuating significantly based on news related to this business [8][10] - Despite recent order growth, industry experts express skepticism about the company's ability to achieve large-scale commercialization in the humanoid robot market [12]

Core Viewpoint - The company is committed to enhancing quality and efficiency while returning value to investors through a structured action plan for 2025, focusing on sustainable development and high-quality growth [1][7]. Group 1: Strategic Focus and Development - The company aims to strengthen its core business by advancing its industrial AI strategy, emphasizing efficiency and automation to reshape the physical world [1]. - The company has developed innovative technologies in various sectors, including automotive, medical, and robotics, achieving significant milestones such as 155 authorized patents and 71 software copyrights [2][3]. - The company is establishing strategic partnerships with leading tech firms to enhance product competitiveness and develop differentiated solutions [3]. Group 2: Financial Performance and Profitability - The company reported a net loss of 27.77 million yuan, a reduction in losses compared to the previous year, indicating improved financial management [2]. - The gross profit margin for the first half of 2025 was 20.05%, an increase of 2.81 percentage points year-on-year, attributed to enhanced project management and supply chain optimization [5]. - The company plans to reduce its asset-liability ratio to the industry average and aims for a 20% increase in tax savings through strategic tax planning [6]. Group 3: Investor Relations and Communication - The company emphasizes the importance of shareholder returns and has established a three-year dividend plan to maintain stable returns while ensuring sustainable growth [7][8]. - The company actively engages with investors through various channels, including online interactions and performance briefings, to enhance transparency and investor understanding [9][10]. - The company has implemented a robust governance structure to ensure compliance and protect the rights of minority shareholders [11]. Group 4: Risk Management and Operational Efficiency - The company has introduced systematic risk assessment processes during the design phase to identify potential issues early and mitigate risks [6][7]. - The company is focused on optimizing internal controls and audit processes to enhance operational efficiency and compliance [11][12]. - The company is committed to continuous evaluation and improvement of its action plan to maintain a positive market image and fulfill its responsibilities as a listed entity [13].