智通财经APP获悉，来福谐波(03952)涨超9%，截至发稿，涨8.9%，报68.55港元，成交额1831.68万港元。
消息面上，宇树科技即将登陆A股，市场预期其上市后有望带动国内机器人产业链估值重塑。此外，进入2026年，国内机器人产业催化密集，除资本化加快外，应用端的落地也有望在今年加速。国产机器人正从“技术概念”正式迈向“生产力工具”，华福证券认为具备核心技术和场景落地能力的公司有望率先受益。
招银国际预测全球人形机器人销量将从2025年不足2万台增至2030年200万台，伴随单台机器人减速器用量提升，对应2030年人形机器人用谐波减速器需求达3200万台，复合年均增长率178%。该行指出，来福FY25谐波减速器单位成本仅433元，较行业龙头绿的谐波低39%，该行预计来福销量将于FY27E超越绿的谐波，成为中国谐波出货量第一。成本竞争力亦将成为其中长期海外扩张的核心驱动力。
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