阿里巴巴集团已成立内部机器人团队，正式加入全球科技巨头争相打造AI实体产品的竞赛。 10月8日周三，阿里巴巴通义千问的技术负责人林俊旸周三在社交媒体X上透露，阿里已成立"机器人和 具身AI小组"。这标志着，阿里从AI软件向硬件应用领域的战略延伸。 此举正值全球科技巨头纷纷布局机器人领域之际。同在周三，日本软银集团宣布收购ABB的工业机器 人业务，进一步强化其在"物理AI"领域的布局。 阿里云最近首次布局具身智能，上月领投了中国机器人初创公司自变量机器人（X Square Robot）的1.4 亿美元融资。 两周前的2025云栖大会上，阿里巴巴CEO吴泳铭表示，未来五年全球AI投资总额加速增长到4万亿美 元，阿里必须保持同步。除了2月公布的未来三年为云和AI硬件基础设施投入3800亿元，阿里还计划追 加投入。 多模态基础模型转化为基础智能体 理应迈向现实世界 除了透露设立"机器人和具身AI小组"，林俊旸周三在X平台的帖文还称："多模态基础模型现在正被转 化为基础智能体，它们可以利用工具和记忆通过强化学习执行长时序推理"。他强调，这些应用"理应从 虚拟世界迈向现实世界"。 作为通义千问的技术负责人，林俊旸此前参与 ...

Investment Rating - The report maintains an "Outperform" rating for the industry, particularly focusing on humanoid robots and AI infrastructure [4][8]. Core Insights - The humanoid robot sector is rapidly evolving, with significant advancements showcased at the 2025 World Robot Conference, highlighting the industry's potential for growth and innovation [3][16]. - The report emphasizes the importance of supply chain positioning and value capture in humanoid robotics, recommending a focus on key suppliers and companies with strong market positions [4]. - AI infrastructure is expected to see sustained capital expenditure growth driven by increasing demand, particularly benefiting sectors like gas turbines and chillers [4]. Industry Dynamics - The 2025 World Robot Conference opened in Beijing, featuring over 200 companies and 1500 exhibits, showcasing advancements in humanoid robotics and their applications [16]. - The report notes the rapid development of the domestic robot industry, with improvements in capabilities such as sorting, handling, and performing tasks like music and shopping [3]. - The low-altitude economy is progressing with infrastructure initiatives, including the successful completion of the first offshore oil platform supply flight using drones [27]. Company Dynamics - Key companies highlighted for humanoid robotics include: - **Joint suppliers**: Hengli Hydraulic, Huichuan Technology, and Bluesky Technology for joint modules [4]. - **Dexterous hands**: Zhaowei Electromechanical and Leisai Intelligent [4]. - **Reduction gears**: Green Harmonic and Jindi Co., Ltd. [4]. - AI infrastructure companies to watch include Hanbell Precise Machinery, Ice Wheel Environment, and Yingliu Co., Ltd. [4]. Key Company Earnings Forecasts and Valuations - The report provides earnings forecasts and investment ratings for several companies, including: - Green Harmonic (688017.SH): Outperform, with a projected EPS of 0.50 for 2025 [8]. - Huichuan Technology (300124.SZ): Outperform, with a projected EPS of 2.01 for 2025 [8]. - Bluesky Technology (688360.SH): Outperform, with a projected EPS of 0.99 for 2025 [8]. - The report also highlights the performance of companies in the humanoid robot sector, noting significant market movements and growth potential [15].