（来源：淘金ETF） 1. 海兰信（300065） 北京企业，是国内智慧海洋与商业航天测控领域的核心企业，背景稳健，深耕海洋信息化与航天测控多 年。主营业务涵盖智慧海洋、智能航海、商业航天测控等板块，在海上火箭回收领域卡位核心。在火箭 回收关联上，公司全资子公司海南欧特于2025年2月25日中标海南商发"可重复使用火箭海上回收系 统"指挥测控船标段，合同金额4.58亿元，是A股唯一中标该项目的企业，为海上回收提供核心测控支 持。未来，随着海上火箭回收常态化，公司作为核心测控服务商，有望持续受益于商业航天发展，但需 关注项目落地进度及行业竞争加剧带来的经营不确定性。 2. 巨力索具（002342） 河北企业，是国内索具行业龙头，军工资质齐全，背景深厚，在特种索具领域具备全球竞争力。主营业 务涵盖索具、缆索、吊装设备等，是国内唯一可量产火箭回收捕获臂的企业。在火箭回收关联上，公司 为蓝箭航天朱雀三号、长征十号甲等型号提供拦截网、超高分子纤维拉索、自动连接臂与转运系统， UHMWPE索具强度是钢的十五倍、重量仅为八分之一，单套捕获臂价值1500-2000万，毛利率 40%-50%。未来，随着回收型号批产，订单有望快 ...

截至2026年2月10日 14:09，机器人ETF(159770)F盘中换手2.23%，成交2.26亿元。跟踪的中证机器人指数(H30590)强势上涨1.09%，成分股克来机电上涨 9.99%，云天励飞上涨6.20%，科瑞技术上涨5.66%，埃夫特，雷赛智能等个股跟涨。 值得一提的是，机器人ETF(159770)盘中已获资金净申购1950万份。 | | 机器人ETF 159770 | ਨੇ | | --- | --- | --- | | | | 中心 > 品 果 | | 实时申购赎回信息 | 申购 | 顺 | | 笔数 | 23 | 16 | | 金额 | 0 | 0 | | 份额 | 4350万 | 2400万 | 截至2月9日，机器人ETF(159770)近1周规模增长1.52亿元，近1周份额增长1.53亿份，实现显著增长。 【相关产品】 机器人ETF(159770)，对应场外联接基金(A：014880；C：014881)。 【热点事件】 北京人形机器人创新中心发布具身天工3.0 今日（2月10日），北京人形机器人创新中心正式发布新一代通用机器人平台具身天工3.0，该款机器人以"更开放、更好用"为核心目标 ...

关于对外投资设立产业基金的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、 误导性陈述或重大遗漏。 一、投资情况概述 2020 年 10 月 23 日，深圳市雷赛智能控制股份有限公司（以下简称"公司" 或"雷赛智能"）对外披露了《关于对外投资设立产业基金的公告》（公告编号 2020-052），公司与深圳市稳正资产管理有限公司（以下简称"稳正资产"）发 起设立深圳市稳正景明创业投资企业（有限合伙）（以下简称"稳正景明"）。 投资基金总规模人民币 1.2 亿元，其中，公司拟以自有资金出资人民币 5000 万 元作为有限合伙人；2020 年 11 月 18 日，稳正景明完成了工商登记及私募基金 备案，取得了深圳市市场监督管理局颁发的营业执照和中国证券投资基金业协会 出具的私募投资基金备案证明，公司完成了首期 2,000 万元出资，具体内容详 见《关于对外投资设立产业基金的进展公告》（公告编号 2020-055）。 二、进展情况 近日，稳正景明全体合伙人签署合伙人大会会议决议，同意有限合伙人雷赛 智能将其认缴出资额缩减为人民币 3,100 万元整，同意有限合伙人熊强波将其认 缴出资 ...

Group 1 - The core viewpoint of the news is that 雷赛智能 (Leisai Intelligent) has shown a positive performance in terms of stock price and financial results, despite a slight decline in stock price on January 14 [1][2]. - As of January 14, 雷赛智能's stock price was 43.88 yuan per share, with a market capitalization of 13.785 billion yuan and a trading volume of 312 million yuan [1]. - The company has experienced a year-to-date stock price increase of 4.30%, with a 5-day increase of 4.85%, a 20-day increase of 13.53%, and a 60-day increase of 4.58% [1]. Group 2 - 雷赛智能's main business involves the research, production, and sales of core components for motion control, including controllers, drivers, and motors, contributing to a revenue composition of 47.91% from servo systems, 34.94% from stepper systems, and 16.18% from control technology [1][2]. - For the period from January to September 2025, 雷赛智能 achieved a revenue of 1.3 billion yuan, representing a year-on-year growth of 12.57%, and a net profit attributable to shareholders of 160 million yuan, reflecting an 11.01% increase [2]. - The company has distributed a total of 5.35 billion yuan in dividends since its A-share listing, with 2.26 billion yuan distributed in the last three years [3]. Group 3 - 雷赛智能 is classified under the mechanical equipment sector, specifically in automation equipment and robotics, and is associated with concepts such as agile hands, Industry 4.0, and industrial internet [2]. - As of September 30, 2025, 雷赛智能 had 43,800 shareholders, an increase of 2.42% from the previous period, with an average of 5,044 circulating shares per shareholder, a decrease of 1.13% [2][3]. - The top ten circulating shareholders include various ETFs, with 易方达国证机器人产业 ETF being the fourth largest shareholder, holding 5.8893 million shares, and 华夏中证机器人 ETF being the fifth largest, holding 5.0896 million shares, which increased by 948,800 shares from the previous period [3].

Group 1 - The core viewpoint of the news is that 雷赛智能 (Leisai Intelligent) has seen a stock price increase of 5.24%, reaching 45.20 CNY per share, with a trading volume of 447 million CNY and a turnover rate of 4.66%, resulting in a total market capitalization of 14.199 billion CNY [1] - 雷赛智能 is primarily engaged in the research, production, and sales of motion control core components, including controllers, drivers, and motors, as well as related application systems [1] - The revenue composition of 雷赛智能's main business includes: servo systems at 47.91%, stepper systems at 34.94%, control technology at 16.18%, and others at 0.96% [1] Group 2 - 易方达国证机器人产业ETF (E Fund National Robot Industry ETF) has entered the top ten circulating shareholders of 雷赛智能, holding 5.8893 million shares, which accounts for 2.67% of the circulating shares, with an estimated floating profit of approximately 13.251 million CNY [2] - The E Fund National Robot Industry ETF was established on January 10, 2024, with a latest scale of 13.315 billion CNY, and has achieved a year-to-date return of 3.96% [2] - The fund has a one-year return of 45.71% and a cumulative return since inception of 64.72% [2]

Core Insights - The stepper motor industry in China has seen significant growth, with the market size increasing from 1.739 billion yuan in 2016 to an expected 3.89 billion yuan by 2024, representing a compound annual growth rate (CAGR) of 10.59% [1][9] - The Chinese government is actively supporting the industry through policies aimed at technological innovation and standardization, which is expected to further boost market demand [1][9] - The global stepper motor market is projected to reach $2.411 billion by 2029, with a growth of 1.7% year-on-year in 2024 [8] Industry Overview - Stepper motors convert electrical pulse signals into corresponding angular or linear displacements, making them essential in various applications [4] - The industry has evolved from its origins in the 19th century to a critical component in modern automation and precision control systems [5][6] - The stepper motor industry is characterized by a diverse supply chain, including raw materials, manufacturing, and various application sectors such as industrial automation and consumer electronics [7] Market Dynamics - The stepper motor market in China is expanding rapidly due to the transformation of the manufacturing sector and increasing consumer demands for quality and performance [1][9] - The industrial automation sector is a key application area for stepper motors, which are used for precise control in mechanical systems [8] - The Chinese industrial automation market is projected to grow from 165.7 billion yuan in 2017 to 273.9 billion yuan by 2024, with a CAGR of 7.44% [8] Competitive Landscape - The global stepper motor market is dominated by Japanese companies, which account for over 70% of hybrid stepper motor production and 65% of permanent magnet stepper motors [9][10] - Chinese companies are increasingly competitive, with leading firms like Jiangsu Leili, Dingzhi Technology, and Mingzhi Electric making significant strides in technology and market share [12][14] - The industry is transitioning from standardized products to customized, high-performance solutions, driven by the need for deeper understanding of application scenarios [12] Future Trends - The future of stepper motors is expected to focus on high precision and dynamic response through the integration of advanced control algorithms and high-resolution encoders [17] - There is a trend towards smart motors that integrate control functions and communication capabilities, simplifying system design and enhancing performance [18] - Customization and the use of new materials will be crucial for meeting the specific demands of emerging applications in sectors like medical devices and aerospace [19]

Group 1 - The 2026 International Consumer Electronics Show (CES 2026) in Las Vegas showcases advancements in humanoid robots from companies like Boston Dynamics and UTree Technology, with major tech firms launching next-generation humanoid robots [1] - Qualcomm introduced a next-generation robotics architecture that integrates hardware, software, and composite AI, along with a new high-performance robotics processor aimed at industrial AMRs and full-sized humanoid robots [1] - Hyundai Motor Group's Boston Dynamics presented a mass-production version of the Atlas humanoid robot, with plans to integrate it into a global network for real-world tasks starting in 2028 [1] Group 2 - Domestic companies are accelerating their entry into the humanoid robot sector through mergers, fundraising, and strategic collaborations, covering the entire industry chain from core components to applications [2] - By 2025, several humanoid robot manufacturers, including UTree Technology and UBTECH, are expected to achieve mass production, with more companies expanding capacity in 2026 [2] - Tesla is projected to produce between 50,000 to 100,000 humanoid robots in 2026, marking the industry’s transition into a phase of mass production and commercial exploration [2] Group 3 - The humanoid robot market is expected to reach $5 trillion by 2050, with a deployment of 1 billion units, indicating significant market potential that attracts automotive companies [3] - There are 31 humanoid robot concept stocks predicted to have a net profit growth rate exceeding 20% in 2026 and 2027, according to consensus from five or more institutions [3] - Stocks with over 30% upside potential include Zhiwei Intelligent, Softcom Power, Zhenyu Technology, Leisai Intelligent, and Xiangxin Technology, with Zhiwei Intelligent having the highest upside at 43.6% [3] Group 4 - As of January 6, five stocks have a rolling P/E ratio below 40, including Huqin Technology, Jihong Co., Tuobang Co., Dechang Co., and Jiechang Drive [4] - Huqin Technology has the lowest rolling P/E ratio at 24.25, with expectations of continued revenue growth in data business and optimization of product structure [4]

Group 1 - Humanoid robots are emerging as a highly promising frontier in technology, attracting attention from global tech giants and investors [1] - The 2026 CES will showcase a significant number of humanoid robots, with companies like Boston Dynamics and others presenting their latest advancements [2] - The CEO of Creative Strategies highlighted that the CES will feature a surge in humanoid robots, particularly from China, indicating a robust ecosystem [2] Group 2 - Hyundai Motor Group announced that Boston Dynamics will showcase a mass-produced version of the Atlas humanoid robot at CES 2026, aiming to integrate it into their global network for practical tasks [3] - The humanoid robot industry is entering a mass production phase, with several companies expected to achieve production milestones by 2025 and 2026 [4] - Tesla is projected to produce between 50,000 to 100,000 humanoid robots by 2026, marking the industry’s transition into a phase of mass production and commercial exploration [4] Group 3 - A significant number of A-share market stocks are positioned within the humanoid robot industry, with 31 stocks expected to see net profit growth exceeding 20% in 2026 and 2027 [5] - Stocks such as Zhimi Intelligent and Softcom Power are identified as having substantial upside potential, with predicted price increases exceeding 30% [5] - Zhimi Intelligent leads with a projected upside of 46.17%, focusing on embodied intelligence and various robotic applications [5][6] Group 4 - The rolling P/E ratio for Huqin Technology is noted to be the lowest at 24.3 times, with expectations of continued revenue growth in AI and server sectors [6] - The report indicates that the humanoid robot market is expected to reach a size of $5 trillion by 2050, with a deployment of 1 billion units, suggesting a significant market opportunity [4]

Group 1 - The PLC concept sector experienced a decline of 1.04% [1] - Weichuang Electric saw a significant drop of 5.36% [1] - Ruineng Technology decreased by 3.09% [1] - Leisai Intelligent fell by 1.74% [1]

Summary of Key Points Core Viewpoint - On December 31, a total of 28 companies announced 30 stock repurchase updates, indicating a significant trend in corporate buybacks in the market [1] Group 1: Stock Repurchase Plans - 9 companies disclosed stock repurchase plans for the first time, with the highest proposed amounts being 600 million yuan from Zhongju Gaoxin, 200 million yuan from Baili Tianheng, and 150 million yuan from Polaroid [1] Group 2: Shareholder Approval - 5 companies had their repurchase plans approved by shareholder meetings, with the highest proposed repurchase amounts being 4 million yuan from Maide Medical, 642,740 yuan from Leisai Intelligent, and 253,720 yuan from Hengtong Optic-Electric [1] Group 3: Implementation Progress - 5 companies reported progress on their repurchase plans, with the highest repurchase amounts being 300 million yuan from Titan Chemical, 167 million yuan from Hualu Hengsheng, and 48.99 million yuan from Petty [1] Group 4: Completed Repurchases - 9 companies have completed their stock repurchases, with the highest completed amounts being 50.10 million yuan from Demais, 24.28 million yuan from Yuxin Co., and 12.47 million yuan from Guanghe Tong [1]