【券商聚焦】国泰海通证券:人形机器人行业高速迭代,看好有创新、成本优势的企业

金吾财讯
Sep 30, 2025

金吾财讯 | 国泰海通证券表示,人形机器人闪耀2025上海工博会。根据工博会机器人展微信公众号,多家人形机器人本体、零部件制造企业在工博会参展。其中,本体企业包括傅利叶等,核心零部件包括哈默纳科、环动科技、曦诺未来、上海电气旗下公司等。依托多产业协同优势,上海电气实现了智能机器人的高精尖研制。曦诺未来是一家人形机器人领域的核心零部件供应商,公司拥有从机械加工、电机绕线,到模组与灵巧手组装的完整产线,具备“电机+电控+减速器+丝杠+算法”全链条自研自产能力。该机构认为,人形机器人行业高速迭代,看好有创新、成本优势的企业。

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