一旦人形机器人市场爆发，像谐波减速器、电机、控制器等零部件的需求将会大幅增加。预计这些零部 件的市场需求将有十倍以上的增长空间。因此，这些公司都是值得投资者关注的。而对于人形机器人整 机公司，我们需要关注其产品的形态是否更拟人、能否实现产业化规模化生产等方面。只有那些能够成 功实现产业化、规模化生产的公司，才能在激烈的市场竞争中脱颖而出，为投资者带来丰厚的回报。 近期，明星机器人公司与科创板的话题持续高温，颇受业界关注。对于机器人这个赛道，私募大佬、思 考投资创始人岳志斌在接受每经资本眼专栏记者专访时表示，从投资者的角度来看，我认为有几个方面 是值得重点关注的。首先是人形机器人的核心零部件，如谐波减速器、电机、控制器等。这些零部件是 人形机器人运行的关键，其技术水平和市场需求都直接影响着人形机器人的发展。此外，民用商用的机 械臂、移动的复合智能机器人以及两足的人形机器人也是值得关注的领域。这些领域不仅技术门槛高， 而且市场需求大，未来有望成为投资的热点。 ...

8月5日，赛迪顾问城市经济研究中心发布《2025年中国城区经济高质量发展研究报告》，同时发布2025 赛迪百强区榜单，让人们的目光再次投向了那些以"千亿"为单位衡量经济体量的城区，在数字竞赛背 后，一座城区真正的活力与引力，究竟源自何处？连续三年位列全国百强区第四的深圳宝安，以"温 度"二字给出了答案。 从"奋斗之城"到"幸福家园"：品质生活的温度 高质量发展的最终落脚点是人。一座超大城区，总有差异化的现实需求。经济高质量发展的温度，也藏 在分钟可达的方寸间。5分钟社会救援圈：超50万名受过培训的"急救侠"遍布社区；15分钟养老服务圈 让老年人的"医食住行乐安"有了妥帖的保障，15分钟就业服务圈，织就密实的企业用工和群众就业保障 网；20分钟公园休闲圈：让市民推窗见绿，开门见景。30分钟文体服务圈：191家图书馆和超万场公益 文体活动，让书香与活力浸润城区的每个角落。 而这种高效的产业协同模式，还在不断迭代升级。当它与外部顶尖的软件能力结合时，便产生了更强大 的化学反应：宝安与前海管理局、华为云共同打造全国首个具身智能产业联合创新中心，华为云提供算 法工具链、AI训练能力与云边协同平台，宝安本地制造企业凭借扎 ...

Investment Rating - The report recommends investment in companies such as Fuda Co., Ltd., Jinguan Technology, Shuanghuan Transmission, and Zhongding Sealing [2][4] Core Insights - The report emphasizes that reducers are the core components of humanoid robot joints, ensuring high precision and stability in motion control [2][9] - The humanoid robot precision reducer market is expected to grow steadily, with domestic manufacturers enhancing their supply capabilities [2][19] - Different types of reducers (harmonic, RV, planetary, and cycloidal) have distinct characteristics and applications, with cycloidal reducers emerging as a promising option for high-load joints [2][88] Summary by Sections 1. Reducers as Core Components - Reducers are essential for reducing speed and increasing torque in humanoid robots, connecting the power source to the execution structure [9][14] - The market for reducers in China is projected to reach approximately 144.8 billion yuan in 2024, with a steady growth rate of 4% to 5% over the past five years [19] 2. Demand Differentiation and Application of Cycloidal Reducers - The report identifies a growing application space for cycloidal reducers, which offer significant torque increase relative to cost and size [2][88] - Tesla's Optimus Gen2 utilizes a combination of planetary and harmonic reducers, highlighting the trend towards hybrid solutions in humanoid robots [76][80] 3. Prominent Companies and Technological Collaboration - Fuda Co., Ltd. is positioned as a leading player in the precision reducer market, with significant growth in revenue and net profit driven by the demand for new energy vehicles [99] - Jinguan Technology is expanding its footprint in the reducer market through joint ventures and product diversification [103] - Shuanghuan Transmission's subsidiary, Huandong Technology, is a key player in the RV reducer segment, contributing to the company's overall growth [108] - Zhongding Sealing is investing heavily in the humanoid robot sector, focusing on the production of harmonic reducers and joint assemblies [114] 4. Investment Recommendations - The report suggests focusing on leading companies in the reducer market, including Fuda Co., Ltd., Jinguan Technology, Shuanghuan Transmission, and Zhongding Sealing, while also monitoring emerging players like Haoneng Co., Ltd. and Landai Technology [2][4]