【机器人ETF基金（159213）标的指数前十大成分股】 机器人ETF基金（159213）标的指数成分股多数冲高，双环传动涨超4%，中控技术、绿的谐波、机器人、拓普集团等涨超1%，科大讯飞、汇川技术等微 涨。 | 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 | 0.29% | 10.45% | | 2 | 300124 | 汇川技术 | 机械设备 | 0.36% | 10.21% | | 3 | 601689 | 拓管集团 | 汽车 | 1.20% | 7.76% | | 4 | 002236 | 大华股份 | 计算机 | 0.97% | 4.75% | | 5 | 688169 | 石头科技 | 家用电器 | 1.27% | 4.63% | | 6 | 002008 | 大族激光 | 机械设备 | -0.32% | 3.98% | | 7 | 688777 | 中控技术 | 机械设备 | 1.73% | 3.91% | | 8 | 002472 | ...

【文/观察者网 邓军 编辑/高莘】 据中国香港《南华早报》12月18日报道，全球最大的电动汽车电池制造商宁德时代已在位于河南省洛阳 市的中州生产基地大规模部署一款名为"小墨"的人形机器人，标志着具身智能技术在智能制造领域进入 实际应用阶段。 长期以来，在电动汽车电池的生产与装配过程中，人工操作面临多种安全隐患，主要包括电击、电弧灼 伤、机械伤害、环境风险以及因装配不当引发的连锁问题。尤其在关键的EOL（生产线末端）和DCR （直流内阻）测试环节——即电池组下线前的最终功能检测阶段，工人手动连接高压测试插头不仅存在 电弧风险，也难以保证效率与质量的一致性。 由宁德时代生态系统内的机器人公司 Spirit AI 研发的"小墨"，搭载了"视觉—语言—动作"一体化人工智 能模型，可对环境感知与并精准执行任务。该机器人能够自主应对材料位置偏差、连接点变化等不确定 因素，并在柔性线束插拔过程中动态调整姿态与力度，从而确保连接可靠且不损伤敏感元件。 "小墨"人形机器人正在连接高压电池连接器 宁德时代 例如，长安汽车在2025年11月下旬宣布，将投资2.25亿元收购长安天舒智能机器人技术有限公司50%的 股份。该车企表示，将 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - In industrial scenarios, humanoid robots are primarily suited for handling and quality inspection tasks, with a focus on ROI and the potential for expansion into more processes as their generalization capabilities improve [1][10][11] - The market demand for humanoid robots in China's industrial sectors, including automotive manufacturing, electronics manufacturing, and logistics warehousing, is projected to reach 484,000 units by 2035, with a market space exceeding 48 billion yuan [4][12] Summary by Sections 1. Core Insights - Humanoid robots are best suited for handling and quality inspection tasks, gradually expanding into basic assembly tasks as their capabilities develop [3][11] - The commercial viability hinges on achieving a return on investment (ROI) within two years, necessitating a reduction in robot prices to around 100,000 yuan and efficiency improvements to match human performance [3][11] 2. Industrial Manufacturing Flexibility - The demand for flexibility in manufacturing is increasing, with humanoid robots starting from short-chain tasks and gradually taking on more complex tasks [2][16] - Humanoid robots complement industrial robots, adapting to flexible production needs and enhancing operational efficiency [2][17] 3. Market Potential - The total demand for humanoid robots in the industrial sector is expected to reach 484,000 units by 2035, with a market potential of 48.36 billion yuan [4][12] - Collaboration between automotive companies and robotics firms is crucial for the deployment of humanoid robots in industrial settings, with companies like Tesla and XPeng leading the way [4][12]

评论区中，网友表示："这个时候怎么没人怀疑是真人？" 有网友表示，"就这？去看看众擎T800。" 凤凰网科技讯 12月3日，特斯拉CEO马斯克在社交平台X转发特斯拉擎天柱团队发布的一段"擎天柱"人 形机器人跑步短视频。该团队配文称：刚在实验室刷新了个人纪录。 据了解，近日，小鹏汽车董事长何小鹏在"X9超级增程技术发布会"现场，以剪开机器人腿部覆盖件的 方式，公开回应了"机器人藏真人"的质疑。随后，马斯克在X平台点赞了相关视频，引发全球科技界对 中国人形机器人技术进展的广泛讨论。何小鹏现场坦言："此前我们从未在通电状态下剪开过'皮肤和肌 肉'，但今天必须用最直接的方式证明——IRON是真正的机器人。" 值得一提的是，12月2日，众擎公司正式发布全尺寸人形机器人T800，起售价为18万元。实拍视频显 示，T800能实现空中回旋踢，还能连续多次回旋踢，一脚踹烂门。 对此，小鹏汽车副总裁"托马斯点火车"发文回应，"大家的评论确实对小鹏机器人团队是个巨大的鼓 励，他们从科技日以后已经谢绝了几乎所有的外部拜访，全心继续投入研发，为2026年机器人的量产做 准备。明年将是小鹏科技研发成果不断亮相的大年。" ...

Core Insights - The 23rd Guangzhou International Auto Show highlights the automotive industry's increasing focus on humanoid robots as a strategic direction for growth [1][3] - Companies like Changan Automobile and XPeng Motors are showcasing their humanoid robot products, indicating a trend towards integrating robotics into their business models [1][2] Company Developments - Changan Automobile presented its humanoid robot "Xiao An," which features 40 degrees of freedom and a battery life exceeding 2 hours, emphasizing its capabilities in communication and assistance [1] - The company views its robotics business as a new growth engine and is actively developing various functionalities for its humanoid robots [1] - XPeng Motors introduced its next-generation humanoid robot IRON at the auto show, while Guangzhou Automobile Group showcased its fourth-generation intelligent robot GoMate Mini [1] Industry Trends - The automotive sector is leveraging its existing technological advantages in smart driving and manufacturing to enter the humanoid robotics market [3] - Companies are collaborating with tech firms, as seen with Seres Group's partnership with ByteDance's Volcano Engine to develop embodied intelligence solutions [2] - IDC forecasts that the global robotics market will exceed $400 billion by 2029, with humanoid robots expected to capture over 30% of the market share, driving advancements towards generalization and autonomy [3] Challenges - The automotive industry's entry into the robotics field faces significant challenges, including high R&D costs and limited profit margins, which may strain cash flow [4] - Many robotic products are still in the technology validation phase, and there is currently no strong demand in consumer and healthcare applications, complicating commercialization efforts [4]

Summary of Key Points from the Conference Call Industry Overview - The humanoid robot sector is experiencing significant growth, transitioning from hype to tangible industrial adoption, with a focus on execution, delivery, and ecosystem building [6][8] - Key players in the sector include UBTech, XPeng, Inovance, Leader Drive, Shuanghuan, and Yiheda Automation, all of which are actively involved in humanoid robot commercialization [2][6] Core Insights and Arguments - **UBTech's Performance**: - UBTech reported a new order of Rmb159 million for the Walker S series, bringing total orders to Rmb800 million year-to-date (YTD) [9][11] - The company is on track to exceed its annual shipment guidance of 500 units for 2025, with production capacity ramped up to 200-300 units per month [9][11] - The muted share price reaction (+1.5% next day) indicates a market focus on execution and delivery rather than just order wins [11] - **XPeng's Innovations**: - XPeng's next-gen humanoid robot, IRON, is designed for commercial and retail applications, with mass production targeted for the end of 2026 [10][11] - CEO He Xiaopeng anticipates the robotics market to reach US$20 trillion in 10-20 years, aiming for sales of over 1 million robots by 2030 [10][11] - **Inovance's Strategy**: - Inovance is focusing on dual strategies as a core component supplier and developer of AI solutions for industrial scenarios, merging its robotics teams into a single division [9][11] - The company remains optimistic about medium- to long-term market potential, although large-scale adoption is expected to take years [9][11] - **Leader Drive's Growth**: - Leader Drive reported a 70-80% year-over-year increase in shipments and a 50% increase in revenue, actively controlling prices to capture market share [9][11] - The company is a key supplier for several leading clients, including UBTech [9][11] - **Market Sentiment**: - The sector has seen profit-taking recently, with notable declines in stock prices for several companies, including UBTech (-14%) and Inovance (-12%) [13][14] - Despite this, YTD performance remains strong for leaders like UBTech (+108%) and Sanhua Intelligent-A (+74%) [13][14] Additional Important Insights - The upcoming IREX 2025 in Japan is expected to renew interest in the humanoid robot sector, particularly for Japanese companies [2] - The market is rewarding companies that demonstrate real-world results and operational performance, shifting focus from headline order wins to proof of commercialization [8][10] - Tesla remains a closely watched player in the sector, with its Optimus platform setting industry standards despite delays in the launch of Optimus 3 [10][12] Conclusion - The humanoid robot sector is poised for growth, driven by strong demand and innovative developments from key players. However, market volatility and profit-taking may present short-term challenges. The focus on execution and real-world applications will be critical for sustaining investor interest and achieving long-term success in this rapidly evolving industry.

Core Viewpoint - The key to breaking through in the robotics industry lies in collaborative development, with a growing focus on practical applications and mass production of robots as companies accelerate their efforts in the latter half of the year [5][15]. Group 1: Industry Developments - Major robotics manufacturers are pushing for mass production, with a notable example being UBTECH's recent announcement of mass production for its industrial humanoid robot, Walker S2, which has sparked controversy [5][7]. - Figure, a leading robotics company, recently completed over $1 billion in Series C funding, raising its valuation to approximately 270 billion [10]. - The industry is experiencing heightened expectations for mass production following significant advancements in motion capabilities since late last year, with many users expressing skepticism about the practical deployment of robots [16]. Group 2: Controversies and Responses - Figure's founder, Brett Adcock, publicly questioned the authenticity of UBTECH's mass production video, suggesting it may have been digitally enhanced, which led to further discussions among experts [8][10]. - In response to the criticism, UBTECH released two videos to clarify that the Walker S2's mass production is genuine, showcasing workers among the robots and providing unedited footage of the robots in formation [11][12]. Group 3: Future Outlook - The robotics industry is approaching a critical window for mass production of humanoid robots, with companies like Tesla planning to establish production lines capable of manufacturing 1 million units annually by 2026, and Xiaopeng aiming for large-scale production of advanced humanoid robots next year [18]. - The industry is still in its early stages, facing challenges related to data, models, and production costs, which necessitate global collaboration to overcome technical hurdles [21].

Group 1 - The National Robot Industry Index decreased by 0.7%, while the China Securities Intelligent Electric Vehicle Index fell by 1.6%. In contrast, the China Securities Consumer Electronics Theme Index rose by 0.4%, and the China Securities Internet of Things Theme Index increased by 0.3% [1][4][8] - The EasyOne ETF for robots saw a net subscription of 12 million units in half a day, indicating strong investor interest in the sector [1] - Huajin Securities believes that with the release of Xpeng's IRON, the industrialization of humanoid robots is accelerating, and the design of fully covered flexible skin and specific humanoid shapes may become the next trend in humanoid robots [1] Group 2 - The Intelligent Electric Vehicle Index is expected to represent a significant direction for embodied intelligence, covering various industry chain links including power systems, perception systems, decision systems, execution systems, communication systems, and vehicle production [4] - The Consumer Electronics Index focuses on AI hardware, which is currently a major category of smart terminal products, involving companies engaged in component production and complete brand design and manufacturing [6]

Group 1 - The Robot ETF (562500) is experiencing slight fluctuations in early trading, with the latest price at 0.965, slightly lower than the previous close, indicating a stable trend along the moving average [1] - Among the holdings, 26 stocks are rising while 47 are falling, with the top gainers concentrated in the sub-sectors of equipment and intelligent control, showing structural differentiation within the sector [1] - The trading volume is normal but slightly active, reflecting investor interest in the sector [1] Group 2 - Zhiyuan Robotics' CMO Qiu Heng introduced three major product series based on the "One Body Three Intelligence" technology system, which includes motion intelligence, interaction intelligence, and operational intelligence [1] - The first series, Expedition, focuses on scenarios like reception and entertainment; the second series, Lingxi X2, emphasizes emotional companionship and simple tasks; the third series, Spirit, is aimed at practical operations supported by the Go-1 foundational model [1] - The company has developed its own robot operating system, Lingqu OS, which encapsulates numerous core capabilities and plans to open-source it by the end of this year [1] Group 3 - Minsheng Securities highlights the importance of Tesla's certainty in the main line and significant updates from other core manufacturers, with the Optimus V3 expected to launch in Q1 2026, aiming for a production line of 1 million units by the end of 2026 [1] - Xiaopeng is set to release its new humanoid robot IRON on November 5, with mass production anticipated in the second half of 2026, indicating a continued acceleration in the industrialization process of core manufacturers [1] Group 4 - The Robot ETF (562500) is the only robot-themed ETF in the market with a scale exceeding 20 billion, covering various sub-sectors including humanoid robots, industrial robots, and service robots, facilitating investors' access to the entire robot industry chain [2]

Core Insights - The robotics sector showed a positive trend in early trading, with notable gains in companies like Zhongdali De and Geling Shentong, and the National Robot Industry Index increased by 0.5% [1] - Major automotive companies are increasingly incorporating "robots" into their strategic plans, with Tesla's CEO Elon Musk predicting a market size of "tens of billions" for humanoid robots [1] - Domestic companies such as GAC and XPeng are actively developing humanoid robots, with plans for mass production of self-developed components by 2025 and 2026 respectively [1] - Analysts suggest that industrial applications will lead the way in scaling up, while household and commercial applications will gradually penetrate as costs decrease and technology improves [1] - The National Robot Industry Index focuses on core segments of the robotics supply chain, particularly humanoid robots and key components, while the China Securities Automotive Parts Index targets the parts sector [1] Investment Tools - The E Fund Robotics ETF (159530) and the Automotive Parts ETF (159565) track the aforementioned indices, providing investors with convenient tools to capitalize on the overall development of the robotics industry and its sub-sectors [2]