深圳，再一次走在了中国城市的最前面。 超越京沪，深圳登顶专精特新第一城 2025年末，中国专精特新"小巨人"企业版图上，发生了一场历史性的"大洗牌"。随着全国第七批专精特 新"小巨人"企业名单公示，深圳以347家的新增数量位居全国城市首位，使得深圳有效期内"小巨人"企业总 量达到1333家，超越北京（1210家）和上海（1032家），登顶全国第一。 这标志着深圳正式成为中国的"专精特新第一城"！ 此外，按照目前深圳已上市"小巨人"企业71亿元的平均市值估算，这1333家企业总市值已接近10万亿量级， 彰显了巨大的经济价值。 以人形机器人为例：上游，兆威机电提供全球领先的微型驱动系统、速腾聚破局激光雷达、汇川技术领跑伺 服系统、奥比中光攻克3D视觉感知技术、帕西尼感知突破触觉传感器；中游，拥有优必选、乐聚、众擎、 一 逐际动力等至少9家整机企业；下游，比亚迪的智能工厂则成为最重要的应用场景之一。 作为优质中小企业的核心力量，专精特新"小巨人"企业集中在国家重点推进的"制造强国""补短板、强链 条"领域，入选门槛极高：必须在细分领域做到国内领先、掌握关键核心技术、拥有高强度的研发投入体 系，往往代表中国制造业的高 ...

证券日报网讯12月4日，奥比中光在互动平台回答投资者提问时表示，公司自成立以来，长期专注于3D 视觉感知技术领域，全面布局结构光、iToF、双目、dToF、Lidar、工业三维测量六大3D视觉感知技术 路线，以应对不同应用场景对3D视觉感知能力的多样化需求。 ...

Group 1 - The company expects to achieve an operating income of approximately 714 million yuan for the first three quarters of 2025, representing a year-on-year increase of about 103.50% [3] - The net profit attributable to the parent company for the same period is projected to be around 107.5 million yuan, marking a significant turnaround from a loss in the previous year [3] - The net profit after deducting non-recurring gains and losses is estimated to be about 63.5 million yuan, also indicating a substantial improvement compared to the previous year's loss [3][5] Group 2 - The growth in performance is attributed to the continuous improvement of the upstream 3D visual perception industry chain and the accelerated expansion of downstream application scenarios [6] - The company has successfully turned around its operating profit due to effective cost control and enhanced operational efficiency [6] - The demand for smart terminal markets is expanding, and the company is expected to leverage its technological advantages to drive further profit growth and business structure upgrades [6] Group 3 - The company plans to hold a performance briefing on October 31, 2025, to discuss the third-quarter results and address investor inquiries [12][14] - Investors can submit questions from October 24 to October 30, 2025, for discussion during the briefing [13][16] - The briefing will be conducted online, allowing for interactive communication between the company and investors [15][16]

Core Viewpoint - The company, Orbbec Technology Group, anticipates significant growth in its financial performance for the first three quarters of 2025, with a projected revenue increase of over 103% year-on-year, marking a successful turnaround from losses to profitability [1][2]. Financial Performance - The company expects to achieve a revenue of 714 million yuan for the first three quarters, up from 351 million yuan in the same period last year, representing an increase of approximately 363 million yuan and a year-on-year growth of about 103.50% [1]. - The projected net profit attributable to the parent company is 108 million yuan, a turnaround from a loss of 60 million yuan in the previous year, indicating an increase of approximately 168 million yuan [1]. - The net profit after deducting non-recurring gains and losses is expected to be 64 million yuan, compared to a loss of 101 million yuan in the same period last year, reflecting a growth of approximately 165 million yuan [1]. Business Growth Drivers - The significant revenue growth is attributed to multiple factors, including accelerated business expansion in areas such as 3D scanning, payment verification, and various robotics applications [2]. - Efficiency and cost optimization through comprehensive value chain cost control have notably enhanced research and development and operational efficiency [2]. - The company possesses strategic advantages in the 3D visual perception industry, with steadily released production capacity in intelligent manufacturing, further solidifying its technical barriers and scale effects [2]. Market Outlook - The company plans to strengthen the integration of technology and market, accelerating the conversion of technological advantages into market advantages [3]. - Future initiatives include continuous technological iteration and penetration into high-growth scenarios such as various robotics, AI edge hardware, and AR/VR fields [3]. - The company aims to create an open and shared AI intelligent terminal ecosystem, collaborating with upstream and downstream partners in the industry chain to rapidly respond to incremental market demands [3].

Investment Rating - Industry rating is maintained at "Outperform the Market" [5] Core Insights - The emergence of billion-level orders in the embodied intelligence sector indicates accelerated commercialization, with significant contracts signed recently, including a multi-billion yuan framework order for the ZhiYuan Spirit G2 robot and a record-breaking 260 million yuan project with ShiHua Cultural Tourism [1][2] - The rapid expansion of the market is supported by strategic collaborations among listed companies and local policies, with the Chinese embodied intelligence market expected to reach 5.295 billion yuan by 2025, accounting for approximately 27% of the global market [2] - The industry is witnessing a systematic leap, driven by technological breakthroughs and supportive policies, solidifying China's leading position in the global robotics industry [2] Company Summaries - **Aobi Zhongguang**: A leading company in 3D visual perception, deeply partnered with Microsoft and Nvidia, holding over 70% market share in domestic service robot visual sensors [3] - **Keli Sensor**: A leading manufacturer of strain sensors, with a complete product series developed for humanoid robots, mastering key technologies such as structural decoupling and high-speed sampling communication [3]

Investment Rating - Industry Rating: Outperform the market (maintained rating) [5] Core Insights - Nvidia is set to unveil its new "brain" for robotics on August 25, which is expected to enhance humanoid robot technology and lead to a surge in domestic robot industry orders [1] - The global humanoid robot industry is anticipated to expand significantly, driven by advancements in physical AI, with Nvidia's developments potentially unlocking a trillion-dollar market [1] - The Shanghai government has released an implementation plan to accelerate the practical deployment of humanoid robots in manufacturing, aiming for 3,000 companies to adopt intelligent applications within three years [2] Summary by Sections Industry Overview - The humanoid robot sector has seen a notable increase in demand, with over 83 publicly disclosed projects in the first half of 2025, totaling nearly 330 million yuan in contracts, a significant rise from the previous year [1] - Major companies like Ubtech, Yushun Technology, and Zhiyuan Robotics dominate the market, collectively accounting for over 60% of the total contract value [1] Key Companies to Watch - **Aobi Zhongguang**: A leading company in 3D visual perception with over 70% market share in domestic service robot visual sensors, closely partnered with Microsoft and Nvidia [3] - **Keli Sensor**: A top domestic strain sensor manufacturer, specializing in the development of sensors for humanoid robots, having completed product series for various robotic applications [3]

Group 1 - The stock price of Aobo Zhongguang-UW closed at 69.69 yuan on July 30, 2025, down by 2.16 yuan, a decline of 3.01% from the previous trading day [1] - The opening price was 71.15 yuan, with a highest point of 72.37 yuan and a lowest point of 69.32 yuan, with a trading volume of 80,500 lots and a transaction amount of 568 million yuan [1] - Aobo Zhongguang-UW is focused on the research and application of 3D vision perception technology, with products widely used in robotics, smart home, and security sectors [1] Group 2 - The company is headquartered in Guangdong and is a key focus for institutional investors [1] - Aobo Zhongguang announced the launch of three new products on August 8 at the 2025 World Robot Conference, aimed at providing more flexible visual solutions for various types of robots [1] - As of July 29, 22 fund companies conducted research on Aobo Zhongguang, indicating strong institutional interest in the company's development [1] Group 3 - On July 30, the net outflow of main funds was 110 million yuan, accounting for 0.54% of the circulating market value [1]