● 本报记者 杨洁 王婧涵 安妮 从此前在上海召开的2025世界人工智能大会，到正在北京召开的2025世界机器人大会，宇树科技无疑都 是会场的顶流所在，其展台摩肩接踵、人头攒动。宇树科技CEO王兴兴更是媒体瞩目的焦点，他在发表 主旨演讲后接受了多家媒体采访，不仅回忆了宇树科技从零到一的创业历史，同时也指出，当前具身智 能模型还没有达到阶段性突破的临界点，而这正是阻碍人形机器人进一步规模化应用的关键问题。 从2016年成立至今，九年历程，宇树科技一步一个脚印，目前其高性能四足机器人和人形机器人均取得 不少成绩，很多技术指标在全球处领先水平。同时，宇树科技已经开启上市辅导。在回答关于宇树科技 筹备上市的问题时，王兴兴表示："公司成立9年了，正在推动上市流程，某种意义上，我们一直把公司 发展当作是一个学习、成长的过程，上市可以看作是'高考'，是企业迈向更成熟的管理、更成熟的运营 的阶段性事情，也是对我们过去9年时间的一个交代，对股东的一个交代。" 人工智能助推研发 如今，人形机器人行业呈现高速增长的蓬勃态势。王兴兴在主旨演讲中提到，2025年上半年，整个人形 机器人行业非常火爆，加上政策的支持，行业整机厂商及零部件 ...

根据最新业绩预告披露，2025年上半年，该公司预计实现收入为9.95-10.3亿元，同比增长27-32%。与此 同时，报告期内公司亏损净额为4500-5500万元，同比大幅收窄90-92%，经调整亏损净额为1000-2000万 元，亦大幅收窄90-95%。 上述这核心财务指标的显著改善，不仅彰显出经营效率的持续优化，更标志着极智嘉正加速迈向盈利拐 点，在To B机器人企业的商业化表现方面持续占据引领地位。 从公告来看，极智嘉收入增加主要是报告期内仓储移动机器人解决方案的交付完成较多带来的收入增 长，订单执行效率显著提升。而经调整亏损大幅收窄，则源于两大核心动力：主营业务规模效应持续释 放，收入增长带动毛利水平稳步提升;受欧元兑人民币汇率上升影响，公司汇兑收益显著增加，进一步 优化了财务表现。 2025年8月4日，"全球AMR仓储机器人第一股"极智嘉(02590)正式披露上市以来的首份业绩预告，交出 了一份令人瞩目的"开门红"答卷。 值得关注的是，极智嘉近日宣布设立全资子公司北京极智嘉具身智能科技有限公司，正式进军具身智能 这一前沿领域。该子公司将聚焦机械手拣货、通用机器人等具身智能技术研发和相关产品业务，目标 ...

炙手可热的宇树科技上市有了新进展。7月18日，中国证监会官网披露杭州宇树科技股份有限公司（简称"宇树科技"）首次公开发行股票（IPO）并上市辅导 备案报告，辅导状态为"辅导备案"。 | 公开发行辅导公示 | | | 辅导对象 | 辅导机构 | 辅导状态 备案时间 | 派出机构 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 北京 | | 天津 | 杭州宇树科技股份有限公司 | 中信证券股份有限公司 | 2025-07-18 辅导备案 | 浙江证监局 | 朝 | | - | 河北 | II 山西 | > 浙江迅达工业股份有限公司 | 浙商证券股份有限公司 | 2023-12-12 辅导备案 | 浙江证监局 | 辅 | | | 内蒙古 | - 辽宁 | | | | | | | | | | > 人本股份有限公司 | 中信证券股份有限公司 | 2024-12-24 | 浙江证监局 | 辅 | | - | 吉林 | 黑龙江 | | | | | | | - | 上海 | 江苏 | 浙江鑫盛永磁科技股份有限 公司 | 国泰海通证券股份有限公司 | 2022-1 ...

Group 1 - The meeting highlighted the broad prospects and significant opportunities for the development of the private economy in the new era, emphasizing the importance of entrepreneurial spirit [1] - Wang Xingxing, CEO of Yushutech, noted that the company has achieved global leadership in high-performance quadruped and humanoid robots, with significant growth in shipments this year compared to last year [1] - Shandong Weiqiao Group has transformed from a small oilseed processing factory to a multinational enterprise with 100,000 employees, successfully relocating over 2 million tons of electrolytic aluminum capacity to Yunnan for a green transition [2] - Beijing Xinghe Power Aerospace Technology Co., Ltd. has completed 19 rocket launches, sending 81 satellites into space, and is capitalizing on the national policy opening up commercial aerospace to private enterprises [2] Group 2 - The current policies are supportive of the private economy, with unprecedented efforts in top-level design and implementation, leading to a brighter future for private enterprises [3] - Entrepreneurs emphasized the importance of integrating corporate development with national strategies and social responsibilities, advocating for innovation and sustainable development [4] - The commitment to nurturing talent and fostering innovation is seen as essential for the sustainable growth of enterprises, aligning business success with national prosperity and societal well-being [4]

Group 1: Robotics Industry - The humanoid robot industry is in its early stages but is expected to see increasing applications in service, household, industrial, and disaster rescue scenarios over the next 3 to 5 years [2] - The entire robotics industry has experienced rapid growth in the first half of the year, reflecting a clear trend in technological development [2] - There are challenges in large-scale application and promotion of humanoid robots, which require global efforts to overcome [2] Group 2: Commercial Aerospace - The commercial aerospace sector is witnessing a surge in private enterprises, with more companies joining to drive rapid industry development [3] - A significant milestone was achieved by a private company, Star River Dynamics, which successfully launched its first product, the "Goddess Star One," marking the first time a private rocket delivered commercial satellites into orbit [2] - Star River Dynamics has completed 19 rocket launch missions, successfully sending 81 satellites into space, making it the private company with the highest number of launches and success rate in China [2] Group 3: Traditional Manufacturing and Innovation - Weiqiao Group has evolved from a small oilseed processing factory into a multinational enterprise with 100,000 employees, focusing on textiles and aluminum while also expanding into new energy and materials [3] - The company emphasizes the importance of inheriting the entrepreneurial spirit and work ethic from previous generations, aiming for green and digital transformation [3] - The Erdos Group, under the leadership of the second generation, is focusing on systematic upgrades in its cashmere clothing and power metallurgy sectors, viewing industry challenges as opportunities for high-quality development through innovation [3] Group 4: Social Responsibility and Community Service - Jiuzhoutong aims to serve rural and remote areas, emphasizing innovation as a means to enhance productivity and fulfill social responsibilities [3] - The company invests significantly in grassroots facilities and digitalization to meet the healthcare needs of local communities, viewing this as both a business driver and a social obligation [3]

Group 1 - The founder and CEO of Yushu Technology, Wang Xingxing, expressed confidence in the development of the private economy in China, citing favorable policies and an encouraging environment for private enterprises to invest in R&D and production [1] - Yushu Technology has gained significant global attention since the launch of its humanoid robot G1 last year, with a noticeable increase in shipment volume compared to the previous year, reflecting a rapid growth in the robotics industry during the first half of this year [3] - The company focuses on high-performance quadruped and humanoid robots, with many of its technical indicators at a leading global level, aiming to promote the application of robots across various sectors including industrial, service, and consumer fields [3]

Group 1: Event Overview - The event featured five prominent private entrepreneurs from various industries, including robotics, traditional manufacturing, commercial aerospace, and pharmaceutical distribution [1][2] - The meeting was organized by the State Council Information Office and aimed to discuss the contributions of these entrepreneurs in their respective fields [1] Group 2: Robotics Industry Insights - Wang Xingxing, CEO of Yushu Technology, emphasized that humanoid robots will accelerate their application across various sectors in the next 3-5 years, including service, industrial, and disaster rescue scenarios [6] - Yushu Technology has seen a significant increase in robot shipments this year compared to last year, reflecting a rapid growth trend in the robotics industry [6] Group 3: Traditional Manufacturing Perspectives - Zhang Bo, chairman of Weiqiao Chuangye Group, highlighted the importance of inheriting entrepreneurial spirit from previous generations, focusing on the need for young managers to remember their original intentions [8] - Wang Zhen, president of Ordos Investment Holding Group, discussed the challenges and opportunities in the cashmere industry, advocating for innovation and systematic upgrades to achieve high-quality development [9] Group 4: Commercial Aerospace Developments - Liu Baiqi, founder of Xinghe Power, expressed excitement about the rapid development of the commercial aerospace sector, noting the successful launch of the first privately developed rocket that placed a commercial satellite into orbit [10] - The establishment of a new growth tier in the Sci-Tech Innovation Board by the China Securities Regulatory Commission is seen as a positive step for the commercial aerospace industry, encouraging more private enterprises to participate [10] Group 5: Pharmaceutical Market Potential - Liu Changyun, chairman of Jiuzhoutong Pharmaceutical Group, stated that the pharmaceutical market in China is nearing a scale of 5 trillion yuan, with potential for further expansion driven by health consumption upgrades [11] - The integration of digitalization and artificial intelligence is reshaping the pharmaceutical industry, with a focus on technology-driven transformation as key to building new productive forces and core competitiveness [11]

Group 1 - The meeting highlighted the importance of promoting entrepreneurial spirit among private enterprises in China, emphasizing their role in the development of socialism with Chinese characteristics [3][53]. - Wang Xingxing, CEO of Yushu Technology, expressed confidence in humanoid robots becoming mainstream technology in the next 3 to 5 years, with significant growth in application scenarios across various sectors [1][45]. - Liu Baiqi, founder of Xinghe Power, discussed the development of the reusable rocket Zhi Shen Xing 2, which has a basic payload capacity of 20 tons and can be adapted for various space missions, aiming to reduce launch costs significantly [2][33]. Group 2 - The private sector is seen as having a bright future, with supportive policies and a conducive environment for innovation and development, as noted by various entrepreneurs during the meeting [20][26]. - The commercial space industry is rapidly growing, with Xinghe Power completing 19 successful rocket launches, establishing itself as a leading private rocket company in China [13][24]. - The meeting underscored the need for traditional manufacturing sectors to embrace green and low-carbon development, digital transformation, and innovation to achieve high-quality growth [50][52]. Group 3 - Yushu Technology has achieved significant technological advancements in high-performance quadruped and humanoid robots, aiming to promote their application in various fields [5][45]. - The meeting featured discussions on the challenges and opportunities faced by industries, including the need for innovation and adaptation to changing market demands [37][38]. - The entrepreneurs emphasized the importance of social responsibility and the integration of corporate development with national strategies, reflecting a commitment to contributing to society [41][48].

Group 1 - The core viewpoint is that overseas investors are increasingly interested in Chinese technology assets, particularly in hard tech sectors like artificial intelligence and robotics, showing a "V-shaped rebound" in attention [1][3][4] - The shift in international capital's mindset is attributed to a combination of stable policy support, resilient valuation systems, and a unique multi-tiered talent pool in China, which are reshaping global perceptions of Chinese tech [1][5][6] - The narrative of "China for China" is emerging, indicating a revaluation of Chinese tech assets as the country transitions from being merely a "world factory" to a strategic hub for innovation, manufacturing, and consumption [1][7][8] Group 2 - The success of companies like Yushu Technology, which has rapidly increased its valuation to the billion-dollar level, exemplifies the growing confidence in Chinese innovation and the willingness of overseas LPs to invest [3][4] - The private equity market is showing signs of recovery, with increased investor confidence, particularly among overseas investors who are now more willing to believe in the explosive potential of Chinese innovative enterprises [4][5] - The stability of the policy environment in China is a key factor attracting long-term capital, as it has consistently supported technological innovation across various sectors [5][6] Group 3 - The unique and complete talent system in China is a significant underlying support for its innovation capabilities, allowing for rapid transformation of cutting-edge technology concepts into actual products [6][7] - The investment logic of foreign capital in China has fundamentally shifted from relying on low-cost manufacturing to valuing high-quality innovation, leading to a new investment philosophy focused on the Chinese market [7][8] - The successful IPOs of tech companies in Hong Kong signal a positive trend for the capital market, which is crucial for maintaining investor confidence and encouraging long-term investments in technology innovation [7][8]

Core Viewpoint - The implementation of the Private Economy Promotion Law starting May 20, 2025, marks a significant milestone in the development of China's private economy, establishing its legal status and emphasizing the government's commitment to its sustainable and high-quality growth [1][10][19]. Group 1: Background and Significance - The Private Economy Promotion Law is a response to the substantial scale and importance of the private economy in China, which has evolved significantly over the past 40 years [2]. - The law reflects the government's unwavering support for the private sector, as highlighted by President Xi Jinping's consistent emphasis on the importance of private enterprises [10][19]. Group 2: Role of Private Enterprises - Private enterprises play a crucial role in the real economy, contributing significantly to employment and tax revenue, with over 92% of all enterprises in China being private [4]. - The number of private enterprises has increased from 10.857 million in 2012 to over 57 million currently, showcasing their growing importance in the economy [4]. Group 3: Innovation and Global Competitiveness - Private enterprises are increasingly recognized for their innovation capabilities, with many leading in sectors such as artificial intelligence and robotics [7]. - The private sector has become a vital player in international markets, with private enterprises accounting for over 56% of China's total import and export volume [9]. Group 4: Government Support and Policy Measures - The government has established various communication channels to support private enterprises, ensuring their concerns are addressed and fostering a conducive business environment [11][12]. - Recent policy measures have aimed to reduce barriers to market entry and enhance the operational environment for private enterprises, including significant adjustments to the market access negative list [12][13]. Group 5: Future Prospects - The Private Economy Promotion Law is expected to instill greater confidence among private enterprises, enabling them to navigate challenges and seize new opportunities in a complex economic landscape [14][15][19]. - The law aims to create a stable and predictable environment for private enterprises, encouraging them to focus on long-term development and innovation [15][19].