[Table_IndustryInfo] 2026 年 03 月 01 日 强于大市(维持) 证券研究报告•行业研究•机械设备 机器人行业周报（0223-0301） 宇树科技发布新款机器狗， 宝马欧洲工厂即将部署人形机器人 投资要点 西南证券研究院 [Table_Author] 分析师：邰桂龙 执业证号：S1250521050002 电话：021-58351893 邮箱：tgl@swsc.com.cn 分析师：周鑫雨 执业证号：S1250523070008 电话：021-58351893 邮箱：zxyu@swsc.com.cn 分析师：杨云杰 执业证号：S1250525100001 电话：021-58351893 邮箱：yyjie@swsc.com.cn [Table_QuotePic] 行业相对指数表现 数据来源：聚源数据 -18% -7% 4% 16% 27% 38% 25/2 25/4 25/6 25/8 25/10 25/12 26/2 机械设备 沪深300 相关研究 请务必阅读正文后的重要声明部分 [Table_Summary 行情回顾：本周（] 2 月 23 日-3 月 1 日）机器人指数跑输大盘 ...

股 票 研 具身模型 Pi 06 鲁棒性大幅提升，国内人 形初创百亿估值俱乐部增加至 6 家 机器人行业周报 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 肖群稀(分析师) | 0755-23976830 | xiaoqunxi@gtht.com | S0880522120001 | | 李启文(分析师) | 021-38038435 | liqiwen@gtht.com | S0880524060001 | 本报告导读： 请务必阅读正文之后的免责条款部分 究 行 业 Pi 最新的具身智能基础模型 Pi 06 在洗衣与打包场景中取得优异成绩， 英伟达 DreamDojo 破除机器人实操训练数据不足瓶颈，千寻智能、智平 方、因时机器人等多家具身智能企业完成大额融资。 投资要点： [Table_Report] 相关报告 机器人《阿里、小米相继发布开源具身智能大模 型，人形机器人"大脑"有望突破》2026.02.22 机器人《春晚上的机器人：技术跃迁与产业拐 点》2026.02.21 机器人《马斯克将 Optimus 上升至星级 ...

证券日报网2月26日讯，日发精机（002520）在接受调研者提问时表示，数控螺纹磨床主要用于加工新 能源汽车、人形机器人、工业母机、工量具、工业自动化等行业的高精度丝杆和螺母，效率高且精度符 合客户要求，获得了客户的认可。因此，公司已具备了用于丝杆、螺母加工的高精数控螺纹磨削设备的 生产能力。目前，市场开拓如期推进并取得一定的进展，已与部分客户如贝斯特（300580）、五洲新春 （603667）、三联锻造（001282）等签署合同或达成战略合作，同时与一些意向客户正在进行技术交 流、洽谈合作事宜。用于丝杆、螺母的内、外螺纹磨床已向部分客户交付使用，用于螺母加工的专用磨 床已向部分客户交付使用。上述数控磨削设备因部分下游行业如人形机器人仍处于早期阶段，尚未大规 模量产，距离产业化增长仍需一定时间，因此数控磨削设备尚未实现持续产能释放，敬请广大投资者务 必注意投资风险。公司将重点跟踪下游客户和最终用户的技术发展路线，将相关领域的产品研发作为未 来发展的重点方向。 ...

| 地点 上海及线上 | | | --- | --- | | 上市公司接 | 公司董事会秘书祁兵先生 | | 待人员 | | | | 一、公司董事会秘书祁兵先生对公司发展历程及当前经营情况作 | | | 了简单介绍。 | | | 二、投资者与公司主要交流内容 | | | 1、公司备受外界关注的数控螺纹磨设备的进展情况？ | | | 答：数控螺纹磨床主要用于加工新能源汽车、人形机器人、工业 | | | 母机、工量具、工业自动化等行业的高精度丝杆和螺母，效率高 | | | 且精度符合客户要求，获得了客户的认可。因此，公司已具备了 | | | 用于丝杆、螺母加工的高精数控螺纹磨削设备的生产能力。目前， | | 投资者关系 | 市场开拓如期推进并取得一定的进展，已与部分客户如贝斯特、 | | 活动主要内 | 五洲新春、三联锻造等签署合同或达成战略合作，同时与一些意 | | 容介绍 | 向客户正在进行技术交流、洽谈合作事宜。用于丝杆、螺母的内、 | | | 外螺纹磨床已向部分客户交付使用，用于螺母加工的专用磨床已 | | | 向部分客户交付使用。上述数控磨削设备因部分下游行业如人形 | | | 机器人仍处于早期阶段，尚 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [5] Core Insights - Yushu Technology has become a partner for the 2026 Spring Festival Gala, marking its third collaboration with the event [1] - The report highlights various companies collaborating with Yushu Technology, including Meihu Co., Changsheng Bearings, and Zhongdali De, which are supplying critical components for humanoid robots [2][3] - The report emphasizes the strategic partnerships and ongoing developments in the humanoid robot sector, showcasing a robust supply chain and innovation in technology [2][3][6] Summary by Sections Company Collaborations - Meihu Co. has successfully delivered mass-produced components as of November 17, 2025 [2] - Changsheng Bearings signed a cooperation agreement with Yushu Technology and has begun small-scale production of self-lubricating bearings [2] - Zhongdali De is providing core components like reducers, while Wolong Electric Drive has been a strategic partner since 2024 [2][3] - Other notable collaborations include Best, which supplies precision screw assemblies, and Aobi Zhongguang, which provides visual solutions and laser radar [3][4] Technological Developments - Companies like Jiangsu Leili and Allwinner Technology are contributing to the development of key components such as brushless motors and intelligent processing chips for Yushu's robots [6][7] - The report mentions the establishment of a joint laboratory for lightweight materials with Zhejiang Rongtai, aiming for mass production of carbon fiber composite joints by 2025 [7] Market Position - The report indicates a strong market position for Yushu Technology within the humanoid robot industry, supported by a network of suppliers and ongoing technological advancements [2][3][6]

Investment Rating - The industry investment rating is "Positive" (maintained) [5] Core Insights - Yushu Technology has become a partner for the 2026 Spring Festival Gala, marking its third collaboration with the event [1] - The report highlights various companies collaborating with Yushu Technology, including Meihu Co., Changsheng Bearings, and Zhongdali De, which are supplying critical components for humanoid robots [2][3] - The report emphasizes the strategic partnerships and ongoing developments in the humanoid robot sector, showcasing a robust supply chain and innovation in technology [2][3][6] Summary by Sections Company Collaborations - Meihu Co. has successfully delivered mass-produced components as of November 17, 2025 [2] - Changsheng Bearings signed a cooperation agreement with Yushu Technology and has begun small-scale production of self-lubricating bearings [2] - Zhongdali De is providing core components like reducers, enhancing Yushu Technology's product offerings [2] - Wolong Electric Drive has been a strategic partner since 2024, supplying key components for Yushu's robots [2] - Other notable collaborations include Best, Aobo Zhongguang, and Mingzhi Electric, each contributing specialized components for humanoid robots [3][6] Technological Advancements - Yushu Technology is working with various suppliers to develop advanced technologies, such as high-precision screw assemblies and visual solutions [3][6] - The report mentions the establishment of a joint laboratory for lightweight materials, aiming for mass production by 2025 [7] - Companies like Allwinner Technology are providing intelligent processing chips that significantly reduce costs compared to competitors [6][7] Market Outlook - The report indicates a positive outlook for the humanoid robot industry, driven by ongoing collaborations and technological advancements [5][6] - The partnerships are expected to enhance Yushu Technology's market position and product capabilities, contributing to overall industry growth [2][3]

无锡贝斯特精机股份有限公司 市值管理制度 无锡贝斯特精机股份有限公司 市值管理制度 （ 2026 年 2 月 ） 第一章 总 则 第一条 为加强无锡贝斯特精机股份有限公司（以下简称"公司"）市值管 理工作，进一步规范公司市值管理行为，维护公司及广大投资者的合法权益，根 据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司监管指引第 10 号——市值管理》《深圳证券交易所上市公司自律监管指引第 2 号——创业 板上市公司规范运作》《深圳证券交易所创业板股票上市规则》等法律、法规、 规范性文件以及《无锡贝斯特精机股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，结合公司的实际情况，制定本制度。 第二条 本制度所称市值管理，是指公司以提高公司质量为基础，为提升公 司投资价值和股东回报能力而实施的战略管理行为。 第三条 市值管理是公司战略管理的重要内容，是董事会的核心工作之一。 第四条 公司应当牢固树立回报股东意识，采取措施保护投资者尤其是中小 投资者利益，诚实守信、规范运作、专注主业、稳健经营，以新质生产力的培育 和运用，推动经营水平和发展质量提升，并在此基础上做好投资者关系管理，增 强信息披露质 ...

无锡贝斯特精机股份有限公司（以下简称"公司"）第四届董事会第二十一次 会议于 2026 年 2 月 9 日以电子邮件方式发出会议通知，于 2026 年 2 月 12 日以 通讯方式召开。会议应出席董事 5 名，实际出席董事 5 名。公司董事长曹余华先 生主持会议，公司高级管理人员列席了本次会议。本次会议的召开及表决程序符 合《公司法》及《公司章程》等有关规定。 二、董事会会议审议情况 （一）审议通过了《关于制定<市值管理制度>的议案》 表决结果：同意票 5 票，反对票 0 票，弃权票 0 票。 为加强公司市值管理，推动提升公司投资价值，增强投资者回报，根据《公 司法》、《证券法》、《深圳证券交易所创业板股票上市规则》、《上市公司监 管指引第 10 号——市值管理》等相关法律法规和《公司章程》的有关规定，结 合公司实际情况，公司制定了《市值管理制度》。 具体内容详见同日刊登在巨潮资讯网（http://www.cninfo.com.cn）上的《市 值管理制度》。 股票代码：300580 股票简称：贝斯特 公告编号：2026-011 无锡贝斯特精机股份有限公司 第四届董事会第二十一次会议决议的公告 本公司及董事会全 ...

Group 1 - The company Best (300580) is aiming for an IPO on the Hong Kong Stock Exchange, with Guotai Junan International as the exclusive sponsor [1] - The company has submitted its listing application, and subsequent processes such as hearings and pricing will be key points to monitor [1] Group 2 - The company's revenue showed growth in the first three quarters of 2025, but the overall gross margin has declined [2] - The research and development expense ratio has also decreased, which may affect market attention [2] - High customer concentration and increasing industry competition are potential concerns [3]

Group 1 - The National Health Commission will hold a press conference on health related to seasonal solar terms (Beginning of Spring, Rain Water) on February 10 at 3 PM [1] Group 2 - On February 10, a total of 10 companies will have their restricted shares unlocked, with a total unlock volume of 44.2848 million shares, amounting to a market value of 788 million yuan [2] - The companies with the highest unlock volumes are Wuchan Jinlun (31.0708 million shares), Kanni Electric (6.3688 million shares), and Best (1.7789 million shares) [2] - In terms of unlock market value, Wuchan Jinlun leads with 499 million yuan, followed by Xianglou New Materials (90.3502 million yuan) and Kanni Electric (45.346 million yuan) [2] - The highest unlock ratios relative to total share capital are Wuchan Jinlun (13.97%), Xianglou New Materials (1.26%), and Yintuwanglian (1.1%) [2] Group 3 - Thirteen companies disclosed stock repurchase progress on February 10, with four companies announcing new repurchase plans, four plans approved by shareholders, one company reporting implementation progress, and four plans completed [3] - The companies with the highest proposed repurchase amounts are Huitai Medical, Dalian Technology, and Kaiying Network, each planning to repurchase up to 200 million yuan [3] - The companies with the highest repurchase amounts approved by shareholders are Yunyi Electric (150 million yuan), Zhend Medical (40.5682 million yuan), and Hubei Yihua (2.67 million yuan) [3] Group 4 - Retail sales data for the United States for December 2025 will be released [4]