面向未来，优必选制定了清晰的"三步走"战略。谭旻表示，第一步是聚焦工业智能制造，让人形机器人 率先在工厂中规模化应用，成为可靠的新质生产力。第二步，当在工厂场景的实训机器人规模达到10万 台量级，其智能水平将实现关键跃升，从而迈向第三步——最终走进家庭。在人工智能技术持续演进的 基础上，机器人将逐步从提供陪伴服务，拓展为人类生活全方位的智能伙伴，这可能需要十年甚至更长 时间的努力。 为支撑这一战略路径，优必选正全力推动产能的跨越式提升。谭旻表示，公司目前已形成月产约300台 的生产能力，今年确保交付超过500台。明年的目标定在3000至5000台，并计划到2027年实现年产万台 的规模。通过快速迭代与云端协同学习网络，一台机器人在岗位上获得的经验可以赋能整个机器人群 体，这种高效的智能进化方式，将加速十万台机器人协同作业愿景的实现。 近日，在第十五届全国运动会开幕式上，优必选Walker S2人形机器人成为科技与文化产业融合的焦 点。南方财经记者走进优必选公司，在其展厅见到了这款正从科幻走向现实的生产力工具，并与公司展 开对话，深入了解企业迎来的"历史性时刻"及其背后的发展脉络。 首席品牌官谭旻介绍道，Wal ...

21世纪经济报道新质生产力研究院综合报道 早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起 看看吧。 【巨头风向标】 （原标题：小米人事大调整；海光信息终止与中科曙光资产重组丨新鲜早科技） 小米人事大调整 谷歌与XREAL联合发布Project Aura，为Gemini装上"眼睛" 12月9日，谷歌首次公布了 Project Aura。作为硬件产品，Project Aura被称为"实体 Agent"，该项目旨在 展示AI（特别是Gemini模型）如何深度集成到AR眼镜中，实现与真实物理世界的无缝交互。值得关注 的是，Project Aura的核心硬件研发几乎全部由中国团队完成，中国公司XREAL提供光学、芯片与空间 算法能力。XREAL创始人兼CEO徐驰表示："Agent不应仅仅是软件，更应该是一个硬件化的Agent，这 样才能最大范围地释放AI的能力。眼镜形态所带来的增量数据，是AI通向AGI的必经之路。" 阿里加码千问C端 记者12月9日获悉，阿里已成立千问C端事业群，由阿里巴巴集团副总裁吴嘉负责。据悉，该事业群由 原智能信息与智能互联两个事业群合并重组而 ...

Investment Rating - The report maintains an investment rating of "Recommended" for the mechanical equipment industry [2][3]. Core Views - The mechanical equipment industry saw a 2.9% increase last week, ranking second among 31 primary industries. Sub-industries such as engineering machinery (+6%) and specialized equipment (+3.45%) showed strong performance, while rail transit equipment experienced a decline of 0.82% [3][14]. - The report suggests that with the completion of the third-quarter reports, market risk appetite is expected to improve. It recommends a balanced approach between technology growth and cyclical investments, focusing on sectors and stocks with performance support [3][4]. - Key areas of focus include humanoid robots, PCB equipment, semiconductor equipment, and cyclical recovery in engineering machinery and general equipment [3][4]. Summary by Sections 1. Recent Trends - In November 2025, excavator sales reached 20,027 units, a year-on-year increase of 13.9%. Domestic sales were 9,842 units (+9.11%), while exports were 10,185 units (+18.8%). Cumulatively, from January to November, 212,162 excavators were sold, marking a 16.7% increase year-on-year [5][44]. - The report highlights a structural recovery in the industry, driven by domestic demand from large projects and a new round of replacement cycles [5][44]. 2. Sub-Industry Performance - The engineering machinery sector is experiencing a significant recovery, with excavator sales showing strong growth. The report emphasizes the importance of technological upgrades and global expansion for leading companies [5][44]. - The industrial robot sector saw a production increase of 17.9% in October 2025, indicating potential investment opportunities as the industry adjusts to new demands [28][44]. 3. Key Companies and Recommendations - The report identifies several companies for investment consideration, including XCMG Machinery (000425.SZ), SANY Heavy Industry (600031.SH), and Huazhong CNC (688697.SH), which are expected to benefit from the ongoing recovery and technological advancements in the industry [7][44]. - The semiconductor equipment sector is highlighted as a critical area for investment, with companies like North Huachuang (002371.SZ) and Zhongwei Company (688012.SH) recommended due to their strong market positions and growth potential [4][7]. 4. Policy and Market Drivers - The report notes that government policies are strongly supporting the high-end machine tool sector, with initiatives aimed at accelerating domestic production and technological breakthroughs [5][46]. - The global demand for high-end manufacturing is recovering, as indicated by Japan's machine tool orders, which have seen continuous growth driven by exports [5][46].

转自：草原云 近日，"合作共赢·e路同行"中蒙网络媒体广东内蒙古行联合采访活动走进广东省深圳市两家代表性机器 人企业进行采访报道，近距离感受深圳市机器人产业的蓬勃活力与创新动能。 采访过程中，采访团通过实地参观与体验互动，深入了解了深圳机器人产业从核心部件研发、整机制造 到场景应用的全链条布局，切身感受到深圳在人工智能、高端制造、产业生态构建方面的领先实力与深 厚积淀。企业展现出的自主创新能力和对市场需求的前瞻把握，给采访团留下了深刻印象。 中蒙网络媒体广东内蒙古行联合采访活动走进深圳市众擎机器人科技有限公司进行采访报道。 在深圳市众擎机器人科技有限公司（以下简称"众擎科技"），采访团记者被人形机器人PM01凌厉的拳 风和丝滑的舞步深深"圈粉"，纷纷拍摄记录并与机器人合影。蒙古国记者直呼"太震撼！"据了解，这款 机器人身高1.38米，体重约40公斤，全身有24个自由度，移动速度每秒2米，瞬时奔跑速度最快可达每 小时12公里，腰部装有320度自由旋转电机，可完成大量高难度动作，具有机械式步态和类人自然步态 两种行走模式。 从发布全球首个拟人直膝步态人形机器人到实现世界首例人形机器人前空翻特技，这家仅成立两年多的 ...

Core Viewpoint - The video released by Chinese robotics company UBTECH showcasing hundreds of Walker S2 humanoid robots has sparked controversy, primarily questioning its authenticity rather than the technology itself, highlighting a gap in technological perception and a potential shift in industry power dynamics [1][3][12] Industry Characteristics - The humanoid robotics industry is a complex system engineering field that integrates multiple technologies, including mechanical structures, motor drives, sensors, AI algorithms, and battery energy, reflecting the comprehensive capabilities of a country's manufacturing base [3][4] - Shenzhen's "Robot Valley" exemplifies a dense industrial ecosystem where hundreds of robotics companies and component suppliers are located within walking distance, significantly reducing design-to-prototype cycles and enabling rapid iteration [4][5] Cost Control and Market Position - Chinese humanoid robotics companies benefit from long-term accumulation in core components like motors, batteries, and sensors, leading to significant cost advantages. For instance, a humanoid robot priced under 10,000 RMB was recently launched, demonstrating high performance despite its low cost [4][5] - The Chinese government supports the robotics industry by providing real-world application scenarios, which helps companies identify viable business models and accelerates technology iteration [5][10] Comparison with Western Counterparts - In contrast to the rapid development of Chinese humanoid robotics, Western companies like Boston Dynamics face challenges in commercialization despite having advanced technologies. The company has changed ownership multiple times due to difficulties in achieving profitability [6][10] - Western robotics firms often struggle with the paradox of being technologically advanced but commercially lagging, as they find it hard to scale their innovations into practical applications [6][7] Market Dynamics and Future Outlook - The humanoid robotics sector is at a pivotal moment, similar to the early smartphone industry, where the ability to mass-produce at low costs will determine success. China holds a favorable position due to its complete supply chain, large domestic market, and supportive policies [10][12] - The diversity of the Chinese humanoid robotics market, with around 200 startups focusing on various applications, contrasts sharply with the Western market dominated by a few giants, fostering faster technological iteration and richer application exploration [8][10] Marketing and Perception - The controversy surrounding the authenticity of UBTECH's video may have been a strategic marketing move to generate global attention, similar to previous instances in the Chinese tech industry [9][12] - The skepticism from Western observers reflects a deeper anxiety about the changing competitive landscape in the robotics industry, as they struggle to reconcile their perceptions with the rapid advancements made by Chinese companies [11][12]

Core Viewpoint - The rapid development of humanoid robots in China is highlighted, showcasing advancements in technology and production capabilities, which have led to skepticism from international observers regarding the authenticity of these developments [1][3][6]. Group 1: Company Developments - UBtech released a video demonstrating hundreds of Walker S2 humanoid robots performing synchronized movements, which sparked skepticism from Brett Adcock, CEO of Figure, who suggested the video was computer-generated [1]. - In response to the skepticism, UBtech provided additional footage filmed with a drone to validate the authenticity of their robots [1]. - The humanoid robot industry in China has seen significant advancements, with robots now being utilized in various sectors such as new energy vehicle manufacturing and smart logistics [6]. Group 2: Industry Trends - The Chinese humanoid robot industry is experiencing rapid growth due to open-source collaboration and a tightly integrated supply chain, allowing for quick iterations and innovations [6][7]. - Companies like EngineAI are leveraging open-source strategies to accelerate product development, achieving prototype readiness in approximately six months [6]. - The Shenzhen government is actively supporting the robot industry by providing public sector job opportunities for robots, further enhancing the industry's growth [6]. Group 3: Market Dynamics - The cost of humanoid robots is decreasing, making them more accessible to hobbyists and educational institutions, as demonstrated by Noetix Robotics' launch of a humanoid robot priced under 10,000 RMB [7]. - There are around 200 startups in China focusing on unique technologies and market niches within the humanoid robot sector, contributing to the industry's overall progress [7]. - Despite some lag in core components compared to Western companies, China possesses significant advantages in supply chain capabilities and a large-scale research and development team for humanoid robots [8][10].

Core Viewpoint - The 15th National Games showcases advanced technology integration in sports, highlighting Guangdong's strength in innovation and its role as a hub for high-tech industries [1][6]. Group 1: Technological Innovations - The event features a comprehensive application of cutting-edge technologies, including AI, 5G, and robotics, enhancing the entire experience from event operation to audience engagement [1][6]. - The opening ceremony prominently displayed a 174-meter long AI-generated digital painting, created by Deep Yuan AI, showcasing iconic landmarks of the Greater Bay Area [2][7]. - The use of humanoid robots in the opening ceremony demonstrated significant advancements in robotics, with precise control and coordination achieved through advanced algorithms and simulations [3][4]. Group 2: Environmental Sustainability - The main torch tower utilized a non-traditional flame, employing water mist and light technology to create a simulated fire, significantly reducing carbon emissions [4][5]. - The event's energy supply was entirely green, with the main venue's electricity consumption estimated to reduce carbon emissions by 14,200 tons [5]. Group 3: Economic Impact and Industry Growth - The event serves as a platform for showcasing the value of sports events beyond competition, emphasizing the importance of technological innovation in driving economic growth [6][8]. - Guangdong's AI and robotics industry is a key focus, with the region accounting for one-third of the national core AI industry, and industrial robot production expected to grow significantly [7][8]. - The integration of technology in the event is seen as a catalyst for further industrial innovation, paving the way for advancements in smart manufacturing and other sectors [6][8].

Core Viewpoint - The performance of humanoid robots playing ancient bronze instruments at the 15th National Games showcases advanced robotics technology, emphasizing the challenges of precision control and coordination in artistic performances [1][4][6]. Group 1: Technical Challenges - The primary challenge lies in the flexible control of "force," requiring robots to not only strike but to strike well, as the sound produced is sensitive to the position, force, and angle of the strikes [4][6]. - Each strike must achieve high precision, with the sound quality dependent on the exact hitting point, force, and angle, necessitating a robust mechanical structure and high-precision servo drives [4][5]. - The performance involves hundreds to thousands of strikes over several minutes, requiring stable rhythm and force, which demands high-frequency closed-loop control to counteract cumulative errors from environmental factors [5][6]. Group 2: Coordination and Synchronization - The performance requires multiple robots to operate in perfect synchronization, achieving millisecond-level timing accuracy to avoid any discrepancies in the performance [6][7]. - A central control system is essential for issuing rhythm and trigger signals, ensuring that all robots operate on the same time base and avoiding interference between their movements [5][7]. - The environment of a large sports venue presents additional challenges, such as lighting and electromagnetic interference, necessitating high-precision visual recognition systems for accurate positioning [7][8]. Group 3: Applications and Future Development - The robots used in the performance are the latest Walker S2 humanoid robots from a domestic company, equipped with advanced algorithms for precise control and dynamic movement tracking [8]. - The demonstration at the National Games serves as a foundational step for the commercial application of humanoid robots, showcasing their stability and control precision as a "gateway" to future industrial applications [8][9]. - The industry is at a pivotal point, transitioning from automated to autonomous systems, with current demonstrations laying the groundwork for future large-scale industrial and commercial implementations [9].

Group 1 - The opening ceremony of the 15th National Games of the People's Republic of China took place on November 9 at the Guangdong Olympic Sports Center, featuring a performance by three autonomous humanoid robots, Walker S2, which played ancient bronze musical instruments [1][3] - The Walker S2 robots demonstrated advanced control technology, showcasing breakthroughs in group intelligence, multi-modal large models, stereo vision perception, motion control, autonomous navigation, and adaptability to complex environments [3][5] - The opening ceremony also highlighted the involvement of various listed companies, including the main torch designed by Guangdong Wan Jia Le Gas Appliances Co., Ltd., which has been listed since 1994 [5][8] Group 2 - The ceremony featured two ultra-high-definition LED screens deployed by Zhouming Technology, which played a crucial role in broadcasting and interaction, enhancing the connection between the event and the audience [8][9] - China Mobile upgraded the communication infrastructure at key venues, implementing 5G-A technology to provide a seamless online experience for attendees [10] - GAC Group served as the official automotive partner, providing 50 PHEV vehicles for guest transportation and showcasing innovations in smart mobility, including autonomous vehicles and flying cars [10][11]

Market Overview - The Hong Kong stock market experienced a strong rally, with the Hang Seng Index closing at 25,858.83 points, up 2.42% [2] - The total market turnover was approximately HKD 239.2 billion, with southbound funds recording a net sell of HKD 2.67 billion [2] - Among the major indices, the Hang Seng Technology Index rose by 3%, while the Hang Seng China Enterprises Index increased by 2.45% [2][3] Company Highlights - UBTECH, referred to as the "first humanoid robot stock," saw a significant increase of 9.77% following the announcement of a new contract worth HKD 126 million for the procurement and installation of humanoid robots [5][7] - The company has secured over HKD 630 million in orders for its Walker series humanoid robots this year, indicating strong commercial momentum in the humanoid robotics sector [7] Sector Performance - The technology sector showed robust performance, with Alibaba-W rising by 4.86%, and other major tech companies like NetEase-S and Tencent Holdings also experiencing gains [10] - Alibaba is preparing for the "Double 11" shopping festival by issuing HKD 50 billion in consumer vouchers, aiming to enhance user engagement and increase platform monetization [11] Real Estate Developments - Hong Kong real estate stocks saw collective gains, with notable increases in companies like Wharf Holdings and Swire Properties [13] - A significant transaction was reported where Alibaba and Ant Group acquired a commercial property in Hong Kong for HKD 6.6 billion, marking the largest office transaction of the year [15] Financial Cooperation - A memorandum of cooperation was signed between Jiangsu Provincial Financial Regulatory Bureau and Hong Kong Treasury Bureau, aimed at enhancing financial collaboration and supporting Jiangsu enterprises in accessing Hong Kong's capital markets [16][18]