金吾财讯 | 交银国际表示，近期该机构参加了在上海举行的第26届中国国际工业博览会，重点关注机器人领域的最新进展。该机构观察到，AI与传统工业自动化系统的融合持续深化，推动工业机器人向柔性化、智能化升级；人形及具身机器人更加注重实际作业能力，应用场景进一步覆盖工业制造、仓储物流及商业服务等领域，行业关注重点逐步由技术展示转向商业化验证。同时，AI与机器人硬件的协同发展，对精密传动、关节模组及多模态感知等核心零部件提出更高要求。政策层面，上海提出到2028年推动8,000台人形机器人进入工厂，为规模化应用提供支持。该机构认为，机器人行业中长期增长逻辑仍具支撑，但经历前期板块调整后，后续估值修复或将更加依赖订单及业绩兑现。建议关注受益于智能化升级的工业机器人企业，并延续相对更看好核心零部件的观点，重点关注具备技术壁垒、量产及跨本体适配优势的供应商。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.