Bangar 博士本职为牙医，长期关注医疗自动化设备领域，因洞察到公共服务场景中智能交互设备的供 给缺口，他自主研习人工智能与机器人技术，跨界投身机器人研发。其早期并未规划涉足人形机器人领 域，公司创立之初的研发方向为医疗辅助机器人；后续 Bangar 博士发现，印度医疗自动化市场需求高 度分散，而机场、铁路等公共服务场景不仅存在标准化服务需求，企业还可在此类场景申请政府项目补 贴，Muks Robotics 也由此逐步向公共服务市场转型。 2024 年印度政府启动 "机器人自立计划"，Muks Robotics 凭借公共服务场景化机器人解决方案成功入选 该计划扶持名单，不仅获得研发补贴，还取得公共场景试点资格，而 SPACEO-M1 人形机器人的研发制 造计划，也正是在这一契机下正式诞生。 2026 年 1 月 23 日，印度浦那的 Muks Robotics 正式宣布，自主研发的社交人形机器人 SPACEO-M1 开 放全球企业订购，这款产品也成为印度首款实现量产并推向全球的社交人形机器人。 该机器人早在2025 年 3 月已启动预售，彼时仅面向印度国内客户，并非正式的全球开售；时隔9个月， 量产版 SP ...

2026 年 1 月 23 日，印度浦那的 Muks Robotics 正式宣布，自主研发的社交人形机器人 SPACEO-M1 开放全球企业订购，这款产品也成为印度首款实现量产 并推向全球的社交人形机器人。 该机器人早在 2025 年 3 月已启动预售，彼时仅面向印度国内客户，并非正式的全球开售；时隔9个月，量产版 SPACEO-M1 人形机器人终于迎来全球市场的正 式亮相。 ▍ Muks Robotics 创始人为印度牙科医生转型 Muks Robotics 由 Mukesh Bangar 博士于 2021 年创立。与行业内科班出身的创业团队不同，Bangar 博士早年毕业于马哈拉施特拉邦健康科学大学，持有牙 科学士学位，曾任职于 Chowgule Mediconsult Pvt. Ltd. 担任牙医。该公司初创阶段的核心团队成员均为跨领域技术爱好者，无传统机器人头部企业从业背 景，纯粹因对机器人领域的热爱凝聚成为初始创业团队。 Bangar 博士本职为牙医，长期关注医疗自动化设备领域，因洞察到公共服务场景中智能交互设备的供给缺口，他自主研习人工智能与机器人技术，跨界投身机 器人研发。其早期并未规划涉足人形 ...

又一家具身智能企业完成股改。近日，深圳市众擎机器人科技有限公司发生工商变更，企业名称变更为 深圳众擎机器人科技股份有限公司，企业类型变更为股份有限公司（外商投资、未上市）。 众擎机器人是具身智能领域的明星企业。公司成立于2023年10月，创始人赵同阳曾创办过仿生机器人公 司Dogotix（多够机器人）、小鹏鹏行智能。因产品SE01实现全球首例自然步态行走、PM01实现全球首 例人形机器人前空翻特技，该公司实现全网"出圈"。 1月23日，众擎机器人方面向上证报记者表示，本次股份改制的主要目的有三方面：一是优化股东结构 与资本架构，为公司未来融资、股权激励和战略投资提供更灵活的空间；二是支持业务持续扩张和全球 化布局，为技术研发投入、海外市场拓展及产业链资源整合提供资本保障；三是保障全体股东权益，搭 建更优质的资本运作平台，吸引核心人才和优质资源，为公司长期高质量发展奠定基础。 众擎机器人明确，此次股份改制不会改变公司的核心战略、主营业务或核心管理团队。公司将继续专注 于"技术赋能人类，拓展能力边界"的定位，深耕具身智能技术研发，推进产品迭代和场景落地，同时稳 步拓展全球市场。 公司称，股改是优化资本结构的重要步 ...

Group 1: ETF Performance - Multiple robot ETFs, including Penghua, E Fund, and Fortune, saw gains exceeding 3%, with Penghua Robot ETF rising by 3.74% and E Fund Robot ETF by 3.50% [1][3] - The overall performance of various robot ETFs indicates a strong interest in the robotics sector, with several ETFs showing increases between 2.21% and 3.74% [1][3] Group 2: Industry Insights - The E Fund Robot ETF tracks the Guozheng Robot Industry Index, focusing on the humanoid robot supply chain, with humanoid robots comprising 75.13% of its holdings, significantly higher than similar indices [5] - The ETF's composition includes leading companies in the industry, with the top ten holdings accounting for 52% of the portfolio, featuring key component manufacturers and system integrators [5] - At CES 2026, Chinese humanoid robot companies showcased their advancements, with over 28 companies participating, highlighting China's technological capabilities in the field [7] - Notable products displayed included the full product line from Zhiyuan Robotics and interactive humanoid robots from other companies, demonstrating the industry's innovation [7] Group 3: Global Developments - International companies also presented their humanoid robots at CES 2026, with LG and Boston Dynamics unveiling new models aimed at home and industrial applications, respectively [8] - The advancements in humanoid robots are expected to enhance their integration into various sectors, including manufacturing, where they can potentially replace traditional labor due to their efficiency [9]

Group 1 - The A-share market showed mixed performance on January 15, with the Shanghai Composite Index down by 0.03%, while sectors like non-ferrous metals, transportation, and basic chemicals saw gains [1] - The machine tool sector experienced a decline, with the Machine Tool ETF (159663.SZ) dropping by 0.36%, and key stocks such as Hezhong Intelligent down by 6.86%, East China CNC down by 3.32%, and Sifangda down by 3.18% [1] - Some individual stocks were active, with Zhongtung High-tech rising by 3.94% and Huichuan Technology increasing by 2.00% [1] Group 2 - At CES 2026, over 4,000 companies participated, with nearly a quarter being Chinese exhibitors, particularly in the humanoid robot sector, where 28 Chinese companies showcased their products, representing over half of the exhibitors in that category [3] - Zhiyuan Robotics made its debut in the U.S. by showcasing its complete product line, including the Lingxi X2, Yuanzheng A2, and Jingling G2, while Yushu Technology's G1 humanoid robot attracted significant attention with live demonstrations [3] - The humanoid robot industry is entering a critical 0-1 phase, with electronic companies positioned advantageously in the robotics sector, particularly in components like structural parts, dexterous hands, sensors, and machine vision [3]

Group 1: Non-ferrous Metals Industry - The non-ferrous metals sector is experiencing a tight supply-demand balance, with macroeconomic factors such as monetary policy, geopolitical tensions, and supply disruptions significantly impacting metal prices [2][3] - Precious metals are supported by geopolitical factors, with gold prices expected to be bolstered by central bank purchases and rising ETF holdings in 2026 [3][4] - Copper prices are expected to remain strong due to supply constraints and positive macroeconomic expectations, with a focus on the impact of U.S. Federal Reserve leadership changes on prices [4] - Aluminum prices are experiencing upward momentum driven by strong macroeconomic performance and easing liquidity, with domestic production and demand recovering [4] - Tin prices are supported by supply bottlenecks, with ongoing tight supply conditions expected to continue due to production delays in key regions [5] Group 2: Jiangsu Guotai Company - Jiangsu Guotai is positioned as a leading player in the textile and chemical sectors, benefiting from global supply chain restructuring and the recovery of the new energy industry [7][8] - The company is expected to achieve net profits of 1.19 billion, 1.25 billion, and 1.31 billion RMB from 2025 to 2027, with a target market value of 18.75 billion RMB based on a 15x PE ratio for 2026 [7] - Jiangsu Guotai's core trading business is supported by a global production layout, which helps mitigate external disruptions and maintain stable growth [8] Group 3: Automotive Industry - The humanoid robot sector is entering a phase of commercialization, with significant advancements showcased at CES 2026, indicating a potential acceleration in the global commercialization process [9][10] - Chinese humanoid robot companies demonstrated strong capabilities at CES 2026, with a notable presence and innovative product showcases [10][11] - The automotive sector is witnessing increased interest in humanoid robots, with several companies making significant technological advancements and product launches [9][10]

Core Viewpoint - The humanoid robot industry is entering its early commercialization phase, necessitating attention to marginal changes affecting both domestic and overseas quality companies [1] Group 1: Industry Progress - Recent advancements in humanoid robot enterprises in both domestic and international markets indicate a potential resonance between the two, accelerating the global commercialization of humanoid robots [2] - At CES 2026, over 28 Chinese humanoid robot companies showcased their technologies, representing more than half of the exhibitors in the humanoid robot sector, highlighting China's technological capabilities [2] - Notable products included Zhiyuan Robot's full product line and interactive demonstrations from companies like Zhongqing Robot, showcasing the industry's innovation and engagement [2] Group 2: International Developments - Several overseas companies also made significant strides in humanoid robotics at CES 2026, including LG's CLOiD for home tasks and Boston Dynamics' new Atlas robot with advanced capabilities [3] - Boston Dynamics' Atlas features 56 degrees of freedom and can autonomously change its battery, indicating a leap in robotic functionality and potential applications in various industries [3] Group 3: Market Dynamics - New Jian Transmission has initiated its listing guidance, with plans to assist in its IPO application, emphasizing its role as a core component supplier for Tesla's humanoid robot [4] - The company specializes in manufacturing various components, indicating a growing supply chain for humanoid robotics in the automotive sector [4]

Precious Metals - Geopolitical factors are supporting gold prices, with the situation in Venezuela and the Middle East playing a significant role. Strong U.S. unemployment data is also noted. Central bank gold purchases and rising gold ETF holdings are expected to continue supporting gold prices through 2026 [2] - Silver prices are following gold trends, with a decrease in London silver leasing rates and an increase in inventory [2] - Platinum prices are expected to strengthen due to anticipated U.S. tariffs [2] Copper - U.S. employment data shows mixed results but reflects economic resilience. Ongoing strikes at the Mantoverde copper mine in Chile are causing supply disruptions, leading to a bullish outlook for copper prices. The market is advised to monitor the impact of Trump's nomination for the next Federal Reserve chair on copper prices [3] - Supply constraints are expected to persist, while demand may be affected by high prices. However, low inventory levels in non-U.S. regions and a return to Monroe Doctrine strategies are likely to enhance price elasticity [3] Aluminum - Strong macroeconomic performance is driving aluminum prices to maintain high levels. Increased daily production due to new projects in China and Indonesia is noted, alongside a slight increase in operating rates for domestic aluminum processing companies [3] Tin - Supply bottlenecks remain, providing strong support for tin prices. Delays in the resumption of mining in Myanmar and uncertainties in Indonesia's RKAB approval process are limiting supply elasticity. Despite adjustments in the Federal Reserve's interest rate path, tin prices are supported by liquidity expectations and demand from the semiconductor industry [3] Energy Metals - Lithium inventory accumulation and rising production are noted, with marginally weakening demand. A reduction in export tax rebates for battery products may lead to front-loaded demand, making seasonal demand stronger than expected [4] - Cobalt prices remain high due to tight upstream raw material supplies, while cobalt companies are extending their reach into downstream electric new energy sectors to enhance competitive advantages [4] - Rare earth prices are rebounding due to policy support and pre-holiday stocking demand, with significant increases in medium and heavy rare earth prices [4] Robotics Industry - Chinese humanoid robot companies showcased significant advancements at CES 2026, with over 28 companies participating, highlighting China's technological capabilities in this field [9] - Notable products included the full range of offerings from Zhiyuan Robotics and interactive demonstrations from other companies, indicating a strong presence in the global market [9] - International competitors like LG and Boston Dynamics also made strides in humanoid robotics, showcasing innovative applications and capabilities [10] Company Developments - Xinjian Transmission has initiated its listing guidance with CITIC Securities as the advisory institution. The company specializes in manufacturing gear components and is a core supplier for Tesla's humanoid robot [11]

Group 1 - The humanoid robot industry is entering its initial commercialization phase, with significant progress observed in both domestic and international markets, indicating a potential acceleration in the global commercialization process of humanoid robots [1] - At CES 2026, over 4,000 companies participated, with nearly 25% being Chinese exhibitors, particularly in the humanoid robot sector, where at least 28 Chinese companies showcased their innovations, demonstrating China's technological capabilities [1] - Notable Chinese companies like Zhiyuan Robotics and Yushu Technology presented their flagship products, including the Lingxi X2 and the G1 humanoid robot, which showcased advanced functionalities and interactive capabilities [1] Group 2 - Several international companies also made strides in humanoid robotics at CES 2026, with LG introducing its first humanoid robot CLOiD for home applications, and Boston Dynamics unveiling the new electric Atlas robot with advanced features [2] - The Atlas robot, equipped with 56 degrees of freedom and a battery life of 4 hours, is set to collaborate with Google DeepMind for future enhancements, indicating a strong focus on innovation in the robotics field [2] Group 3 - Hangzhou Xinjian Electromechanical Transmission Co., Ltd. has initiated its listing guidance, with plans to prepare for an IPO, highlighting its role as a core component supplier for Tesla's humanoid robot, Optimus [3] - The company specializes in manufacturing various components, including worm gears and electric drive joints, and is recognized as a "little giant" enterprise in China [3]

Core Insights - The CES 2023 showcased significant technological innovations, particularly highlighting the strong presence of Guangdong companies, which accounted for a substantial portion of the exhibitors [1][10] - The event emphasized the transition of robotics and AI technologies from experimental stages to practical applications, with Guangdong firms leading this shift [3][4][14] Group 1: Guangdong's Presence at CES - A total of 3,302 companies participated in CES 2023, with 837 from mainland China, 127 from Taiwan, and 98 from Hong Kong; Guangdong alone had over 530 exhibitors, including 370 from Shenzhen, representing 44.2% of mainland China's participation [1] - Guangdong companies showcased a range of innovative products, including smart robots, 3D printing technologies, and AI-integrated devices, reflecting their growing influence in global tech innovation [1][10] Group 2: Robotics and AI Innovations - The event featured significant advancements in embodied intelligent robots, with companies like SUTENG showcasing a delivery robot capable of performing complex tasks autonomously, highlighting the practical applications of AI in logistics and service sectors [3][4] - The robotics industry is moving towards large-scale validation, with companies focusing on real-world productivity rather than just technological demonstrations, indicating a maturation of the sector [4][5] Group 3: Energy Technology and Smart Solutions - Energy technology firms presented solutions for smart and decentralized living, with products like the Explorer 1500 Ultra and Jackery Solar Gazebo, which integrate energy independence into household infrastructure [5][6] - The emergence of intelligent charging networks for autonomous vehicles was also highlighted, showcasing the integration of AI in future transportation solutions [6] Group 4: Globalization and Market Strategy - Guangdong companies are increasingly adopting comprehensive globalization strategies, moving beyond simple product exports to include technology, brand, and ecosystem development [7][10] - Companies like TCL and EcoFlow are focusing on localizing operations and building service ecosystems in international markets to enhance brand recognition and customer engagement [8][9] Group 5: Supply Chain and Innovation - The robust supply chain ecosystem in Guangdong is a critical factor in the rapid iteration and commercialization of innovative products, enabling companies to achieve significant technological breakthroughs [13][14] - The emphasis on R&D investment and the efficiency of the supply chain have strengthened the competitive position of Guangdong firms in the global market [13]