mbx/mb-project-info.git

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"N074-CHG-0001","N073-FACT-025b17519c40b629522f0d98","N073-SRC-0297","COMPANY-141dcd01441d8c955f6a9a8f","埃斯顿","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","iER 项目；汽配去毛刺实现点位/轨迹精度≤±0.3mm，客户称投入下降 30%、效率提升 40%，为具身工业采购提供 ROI 标尺。","industry_source_current","doc/research/公司档案/埃斯顿公司信息梳理.md","L195","2fafbd98bc095f117a0812aa941a8c856506bca63b74392db745b17f9dfccfa3","05ba10b751ce159854a9e165220e77238f969b5576765610b8f08c2dc236bb8e","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0002","N073-FACT-1ec932e0556ff4d33d09d9f7","N073-SRC-0297","COMPANY-141dcd01441d8c955f6a9a8f","埃斯顿","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","2025 年综合毛利率 29.45%，第四季度回升至 32.97%；埃斯顿品牌机器人收入同比增长约 50%。重载产品结构改善有利于本体毛利，但进口部件、欧元汇率和行业价格竞争仍是约束。","industry_source_current","doc/research/公司档案/埃斯顿公司信息梳理.md","L106","2fafbd98bc095f117a0812aa941a8c856506bca63b74392db745b17f9dfccfa3","2e917c14b366f626043954a4e3a77a4cb039a5cbfe17061d36c55c19bddec9d6","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0003","N073-FACT-3322f462680f9d67264b6477","N073-SRC-0297","COMPANY-141dcd01441d8c955f6a9a8f","埃斯顿","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","2025 年公司工业机器人及智能制造系统收入 39.97 亿元，占收入 81.77%；公司披露工业机器人出货量国内第一、市场份额 10.6%。这个数据说明公司在工业机器人本体市场已经具备规模地位，但不能直接等同于人形机器人供应链收入。","industry_source_current","doc/research/公司档案/埃斯顿公司信息梳理.md","L13","2fafbd98bc095f117a0812aa941a8c856506bca63b74392db745b17f9dfccfa3","3ad615ba85ae2373b180ddd7ae01a6049a8183b3362e6a69c9b171422f0649e2","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0004","N073-FACT-24df540d913fa07952f20659","N073-SRC-0297","COMPANY-141dcd01441d8c955f6a9a8f","埃斯顿","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","研发合作；2026-06 与中国科学院工业人工智能研究所联合研发具身智能、工艺智能体和云边端控制；合作不等于商业订单。","industry_source_current","doc/research/公司档案/埃斯顿公司信息梳理.md","L187","2fafbd98bc095f117a0812aa941a8c856506bca63b74392db745b17f9dfccfa3","88a04cb7e071885f8748fbf04c70d2c3cb8f53c8d69754e93b89ec1f1fcf332a","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0005","N073-FACT-4443bab78d4909a4ddc630ee","N073-SRC-0297","COMPANY-141dcd01441d8c955f6a9a8f","埃斯顿","product_and_technical_capability","PRODUCT_AND_TECHNICAL_CAPABILITY","硬件自研；全身一体化关节模组由埃斯顿酷卓自主研发，延续控制器、伺服和本体纵向一体化路线。","industry_source_current","doc/research/公司档案/埃斯顿公司信息梳理.md","L184","2fafbd98bc095f117a0812aa941a8c856506bca63b74392db745b17f9dfccfa3","660be6456c9488175bff23fcef72ee222f6bcb20cdc5ce7a3d8fbcec4490c7f1","CONTEXT_USEFUL_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_CONTEXT_OR_GAP_CONTENT_NO_FACT_UPGRADE"
"N074-CHG-0006","N073-FACT-25cf5616abafa6091b260b35","N073-SRC-0298","COMPANY-d0f72d5d96eb46a33e07d1ec","安培龙","high_value_gap_and_risk","REVENUE_PRICE_AND_OPERATIONAL_METRIC","转写采用 30% 份额、20% 净利率测算；仅用于敏感性分析，不是公司市场份额、收入或利润预测；E 级情景假设，不得写入事实口径","industry_source_current","doc/research/公司档案/安培龙公司信息梳理.md","L116","1328799b3d2ee25aaeac6f3af06fa92d3f4310cd8da47c809cdabf13dbd9adbe","2ccadb9224cc1b477ee20cbbc9b485705dc031c5899c60b864afe9bf310bc864","CONTEXT_USEFUL_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_CONTEXT_OR_GAP_CONTENT_NO_FACT_UPGRADE"
"N074-CHG-0007","N073-FACT-799b3f26ac7fdca15d786921","N073-SRC-0298","COMPANY-d0f72d5d96eb46a33e07d1ec","安培龙","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","2026-07-06 转写将安培龙列为力传感器高弹性候选，同时称其产品可能未进入当前 Tesla V3 方案；“赛道受益”与“进入当前代际 BOM”必须分开；目前不能认定公司已进入 Tesla V3；D 级线索，待公司 IR、客户或订单验证","industry_source_current","doc/research/公司档案/安培龙公司信息梳理.md","L115","1328799b3d2ee25aaeac6f3af06fa92d3f4310cd8da47c809cdabf13dbd9adbe","91eeff453c2a781faf5b4e5e6ddd39905b2b249a2b131685fac5c12eb24261ab","CONTEXT_USEFUL_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_CONTEXT_OR_GAP_CONTENT_NO_FACT_UPGRADE"
"N074-CHG-0008","N073-FACT-571d1ec6a07e8855d86473d0","N073-SRC-0299","COMPANY-e1cc5598b49ccd1739a6dfed","傲意科技","product_and_technical_capability","PRODUCT_AND_TECHNICAL_CAPABILITY","灵巧手整手；ROH-Lite、AP001、AP002、AP003；从轻量科研到工业高负载和触觉版本形成分层产品","industry_source_current","doc/research/公司档案/傲意科技公司信息梳理.md","L34","fc822c834b9ea46f161a1c7a6afff941549d1c5d4762c76f25120f85e8e55677","424a1775e572a09d7b40180cfe6022c658d05a70f88ddb9c387ac8e0a25291e1","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0009","N073-FACT-919dda191c57f3c9a158da12","N073-SRC-0299","COMPANY-e1cc5598b49ccd1739a6dfed","傲意科技","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","一句话结论；傲意科技是从脑机接口、肌电仿生手延伸到工业灵巧手的非上市公司，已形成 ROH-Lite、AP001、AP002、AP003 等多层产品，并于 2026 年推出与迈来芯合作的量产 3D 磁触觉灵巧手；其优势是医疗级产品、核心电机/力控/控制系统与规模制造协同。","industry_source_current","doc/research/公司档案/傲意科技公司信息梳理.md","L12","fc822c834b9ea46f161a1c7a6afff941549d1c5d4762c76f25120f85e8e55677","b0a89d775dcc9c94024c79c3a29132ad77f3a5ec0af02fd9211a7a0ed2d41bba","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0010","N073-FACT-0cb871500a9f63ffad620559","N073-SRC-0299","COMPANY-e1cc5598b49ccd1739a6dfed","傲意科技","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","核心看点；医疗假肢的轻量化、可靠性、肌电控制和认证能力可迁移至机器人末端；与迈来芯 Tactaxis 的合作提供了供应商侧交叉证据；2026 年 1.5 亿元 C1 融资用于扩产、研发和全球市场。","industry_source_current","doc/research/公司档案/傲意科技公司信息梳理.md","L14","fc822c834b9ea46f161a1c7a6afff941549d1c5d4762c76f25120f85e8e55677","5d1ff343c83ab7048eed15a0d9dfa4036faf96b9625cea822a8c5ab4363f2c45","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0011","N073-FACT-2f8831e4b54720bc3ac6e558","N073-SRC-0299","COMPANY-e1cc5598b49ccd1739a6dfed","傲意科技","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","利润压力；高触觉配置、外部磁传感模块、低初始良率、售后维修和客户年降可能压低毛利。；E","industry_source_current","doc/research/公司档案/傲意科技公司信息梳理.md","L100","fc822c834b9ea46f161a1c7a6afff941549d1c5d4762c76f25120f85e8e55677","608b6ef271b3af1130bdb51d0cf416a3965f46dba7c5a030a776bf8591d18cd2","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0012","N073-FACT-038b49b30029baeaee358b7f","N073-SRC-0299","COMPANY-e1cc5598b49ccd1739a6dfed","傲意科技","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","医疗 / 机器人收入占比；未披露；B；四大业务板块必须拆分，不能将医疗收入计入机器人","industry_source_current","doc/research/公司档案/傲意科技公司信息梳理.md","L55","fc822c834b9ea46f161a1c7a6afff941549d1c5d4762c76f25120f85e8e55677","d12c8bb2e91f2e7d7ace9e79639eebe3bbb3f0cb8e2aec62159f11353e045942","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0013","N073-FACT-922650c58c9483ceeb26ba5b","N073-SRC-0300","COMPANY-0ec2cd70acf945e9aac0b0b7","步科股份","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","i-Kinco 一体化伺服、iSML 伺服轮毂电机、FD6P/JD2 伺服产品；移动机器人、轮式具身机器人、紧凑执行机构；电机、驱动、编码和运动部件集成，强调紧凑布置和快速部署；2026 年公司官网及展会资料列入机器人新品矩阵，与 iSWV 全向舵轮共同覆盖移动底盘；产品发布/客户导入；B；分产品参数、售价、批量客户、2026 年收入和销量","industry_source_current","doc/research/公司档案/步科股份公司信息梳理.md","L60","ed30ea79af85b92114087297bd2fc04ed0606e5cc3253012f193b77200888474","31f2deda4f6717b040981864480a6f1f3bdd413470592153bd5015257531efe4","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0014","N073-FACT-e3b36295e30754c15e8ce400","N073-SRC-0300","COMPANY-0ec2cd70acf945e9aac0b0b7","步科股份","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","FMK 系列及第四代 FMK 大中空无框力矩电机；人形机器人、协作机器人、四足机器人关节；无框力矩电机，向大中空、高扭矩密度和模块化适配迭代；官网披露 FMK 提供 25/38/43/50/60/70/85/115mm 八种标准框架尺寸；公司 2026 年展会资料发布第四代 FMK 大中空系列；IR 披露 2025 年销量约 8.3 万台、2026Q1 销量约 3.5 万台。；批量增长 / 新代产品导入；A / B；新一代规格、量产时间、人形客户、订单金额、ASP、机器人毛利和寿命","industry_source_current","doc/research/公司档案/步科股份公司信息梳理.md","L56","ed30ea79af85b92114087297bd2fc04ed0606e5cc3253012f193b77200888474","86385adf99306b448d90d57f63f9f1cb7229b7f603fc9876d1ca513ac8bf03a8","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0015","N073-FACT-dffc90b7f558587ecfc2d017","N073-SRC-0301","COMPANY-74a32081e4af353a2d77c357","傅利叶智能","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","全球医疗康养机构；康复机器人；规模部署；2,000余家机构口径；B/C；不等于人形客户","industry_source_current","doc/research/公司档案/傅利叶智能公司信息梳理.md","L74","360308315ecfc85fc2b211a7f5467d4fe2500c355f7862404ca435af0c9edd60","4915b352589ed53061d4ce00e7ea86b1a4a9e09bc775efdc54c2c480b6959535","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0016","N073-FACT-9609f4e7316cce24ca8ee630","N073-SRC-0301","COMPANY-74a32081e4af353a2d77c357","傅利叶智能","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","傅利叶智能处于**康复医疗机器人、通用人形本体、辅助型轮式双臂机器人和具身交互平台**环节。公司最大的差异不是运动表演，而是已经积累全球医疗机构、康复产品、临床交付和售后渠道，可为具身机器人进入康养场景提供入口。","industry_source_current","doc/research/公司档案/傅利叶智能公司信息梳理.md","L9","360308315ecfc85fc2b211a7f5467d4fe2500c355f7862404ca435af0c9edd60","de06aa1597adebbd7f4bcbefefd4b388ea15ece4c40af380f46ca0c34b0a7714","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0017","N073-FACT-31de76a2426d21c468c7aadc","N073-SRC-0301","COMPANY-74a32081e4af353a2d77c357","傅利叶智能","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","战略取向；强调“有价值的具身智能”和主动式人机交互；B；具体客户收入和资源投入","industry_source_current","doc/research/公司档案/傅利叶智能公司信息梳理.md","L115","360308315ecfc85fc2b211a7f5467d4fe2500c355f7862404ca435af0c9edd60","e360cfd7401a7e3497f116b5d386b68fb629f4d6a23608d56305198998e5fc4f","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0018","N073-FACT-3e8d22d87485ee0654e8f9e4","N073-SRC-0301","COMPANY-74a32081e4af353a2d77c357","傅利叶智能","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","市场地位；国内康复机器人头部企业之一；通用人形处于产品化和场景验证阶段，尚不能按康复客户数量外推人形市场份额","industry_source_current","doc/research/公司档案/傅利叶智能公司信息梳理.md","L13","360308315ecfc85fc2b211a7f5467d4fe2500c355f7862404ca435af0c9edd60","38778cbdae09cc71f533b986cd6c5d3007c797f75182fbf918045384d08141fb","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0019","N073-FACT-752b268c188e4eeb31faa098","N073-SRC-0301","COMPANY-74a32081e4af353a2d77c357","傅利叶智能","high_value_gap_and_risk","PRODUCT_AND_TECHNICAL_CAPABILITY","产品/系列；场景；参数与路线；产品阶段；证据等级；待验证","industry_source_current","doc/research/公司档案/傅利叶智能公司信息梳理.md","L42","360308315ecfc85fc2b211a7f5467d4fe2500c355f7862404ca435af0c9edd60","088cfe7649134af3bd7b3ef1918ce68bec0e9d2c734121083412335e5aa54222","CONTEXT_USEFUL_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_CONTEXT_OR_GAP_CONTENT_NO_FACT_UPGRADE"
"N074-CHG-0020","N073-FACT-b0e089f948b2c0546afe95eb","N073-SRC-0302","COMPANY-9618406de03d8e7b215657a9","恒立液压","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","2026 年 6-7 月转写继续将恒立液压列为 Tesla 身体丝杠/线性执行器候选，并出现“一供、转子/螺杆”表述；与公司线性驱动布局具有产业逻辑一致性，但缺 Tesla、直接客户、件号和订单交叉验证；D 级线索，不能据此确认一供","industry_source_current","doc/research/公司档案/恒立液压公司信息梳理.md","L107","6b51f81182ccdfe1ca115870da2f72207903e1337c9dbafefd885725251c6714","4cf113027b72af3680c0f3fc455684972be0bcd551d38983ddcbd9b91c45c117","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0021","N073-FACT-e724639326db015129bb529d","N073-SRC-0302","COMPANY-9618406de03d8e7b215657a9","恒立液压","high_value_gap_and_risk","CAPACITY_DELIVERY_AND_PROCUREMENT","墨西哥制造被视为潜在海外交付优势；只能作为产能与本地化能力判断，尚未证明该基地承接 Optimus 产品；C/D 级线索","industry_source_current","doc/research/公司档案/恒立液压公司信息梳理.md","L108","6b51f81182ccdfe1ca115870da2f72207903e1337c9dbafefd885725251c6714","399b42dde2186746257d636972466fea114a123dc08701738fa28711bd870e5e","CONTEXT_USEFUL_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_CONTEXT_OR_GAP_CONTENT_NO_FACT_UPGRADE"
"N074-CHG-0022","N073-FACT-1b5d75d2435f0e73c6afbd89","N073-SRC-0303","COMPANY-83d812abb5091112d2f386a3","节卡机器人","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","节卡机器人处于**协作机器人本体、工业自动化方案、移动操作机器人和具身数据/训练平台**环节。公司不是从零进入具身智能，而是把既有协作臂、控制器、力控、视觉、客户渠道和海外服务体系扩展到Kargo、K1、Lumi、π及EVO平台。","industry_source_current","doc/research/公司档案/节卡机器人公司信息梳理.md","L9","9649ac85036e89fdf86dc116ffb2e68fa91283dc0443b5022d35117f6e4b9062","175aa1f1b89d290dbf10dbe8d906a28267066e2b0149f23b0abb15bffc94d03a","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0023","N073-FACT-2df806bd9579974c9b6d1e38","N073-SRC-0303","COMPANY-83d812abb5091112d2f386a3","节卡机器人","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","JAKA π；教育、新商业、娱乐和康养；小尺寸人形机器人；2026-06上市并进入订单交付；B/C；价格、交付台数、功能和售后","industry_source_current","doc/research/公司档案/节卡机器人公司信息梳理.md","L49","9649ac85036e89fdf86dc116ffb2e68fa91283dc0443b5022d35117f6e4b9062","324dc408f06b9f6607b4bf4fa43a0e48759edcce4f6b460849ffeb84220f73fa","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0024","N073-FACT-506aaaa0bdd0df70472d92a6","N073-SRC-0303","COMPANY-83d812abb5091112d2f386a3","节卡机器人","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","协作机器人整机销量；约4,681台的招股摘要口径；整机合计；2024年；A/C；与其他媒体7,000台级口径需回招股书统一","industry_source_current","doc/research/公司档案/节卡机器人公司信息梳理.md","L67","9649ac85036e89fdf86dc116ffb2e68fa91283dc0443b5022d35117f6e4b9062","cd0b21f3ba3af6afce9e0020c9b821f20074d85a415b947d1f6e7494f8c77ebe","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0025","N073-FACT-3b96d3b6c8b74d9d11d0a8e2","N073-SRC-0303","COMPANY-83d812abb5091112d2f386a3","节卡机器人","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","韩国3C客户/集成商；复合机器人和精密作业；场景落地；未披露；B/C；终端客户和收入待核","industry_source_current","doc/research/公司档案/节卡机器人公司信息梳理.md","L79","9649ac85036e89fdf86dc116ffb2e68fa91283dc0443b5022d35117f6e4b9062","59509522d003e92f2d5f2b00e7e842a6d4cd190a4731d35b16ea8fe55eee13fe","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0026","N073-FACT-71c09e496aab20c2cfea8f64","N073-SRC-0303","COMPANY-83d812abb5091112d2f386a3","节卡机器人","product_and_technical_capability","PRODUCT_AND_TECHNICAL_CAPABILITY","平台化；EVO、Studio、OTA；存量协作臂和具身产品；中期；软件付费和跨型号复用；B/C","industry_source_current","doc/research/公司档案/节卡机器人公司信息梳理.md","L111","9649ac85036e89fdf86dc116ffb2e68fa91283dc0443b5022d35117f6e4b9062","098db649f1f8e901053ea8395f1826b41dfc8cf767dcc15829eeda56447f4bac","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0027","N073-FACT-1bb2864d8a4e01283ae6a18f","N073-SRC-0304","COMPANY-246b3e86976fe2dd59790489","均胜电子","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","均恩固液混合电池包；人形/移动机器人能源；公司称 380Wh/kg、续航提升约 60%、循环寿命 2000+次、-20~60℃、30 分钟充至 80%；产品发布/客户导入；B；测试条件、安全认证、成本、量产良率和客户","industry_source_current","doc/research/公司档案/均胜电子公司信息梳理.md","L50","5d338c0937c67c9a04f58cb3fa48d1f1243713b83f78f25f82fa7e84180ffeba","517d81766744b525f5a62d3dbaf8e1eaf0890333c4eb7b25a139ed070503e858","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0028","N073-FACT-0dad6f44737ad4f2e939ea9b","N073-SRC-0304","COMPANY-246b3e86976fe2dd59790489","均胜电子","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","智元机器人 / 精灵 G2；均胜作为机器人采购和应用方；本地研报称过亿元采购合同并启动交付；C；这是机器人采购/应用，不是均胜向智元供核心部件","industry_source_current","doc/research/公司档案/均胜电子公司信息梳理.md","L79","5d338c0937c67c9a04f58cb3fa48d1f1243713b83f78f25f82fa7e84180ffeba","84a9af230ccef6ed8ff0f3ff6bcbaf0f3f0a00aeed8d4897a6285f1839048b29","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0029","N073-FACT-241aa44a1c153824205d4370","N073-SRC-0304","COMPANY-246b3e86976fe2dd59790489","均胜电子","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","第三代 AI 头部总成；机器人视觉、听觉、表情和交互；感知、运动和系统集成；公司称支持大语言模型和模块化量产导入；第三代产品/量产准备；B；传感器配置、重量、功耗、ASP、具名客户","industry_source_current","doc/research/公司档案/均胜电子公司信息梳理.md","L47","5d338c0937c67c9a04f58cb3fa48d1f1243713b83f78f25f82fa7e84180ffeba","55339b85b73e0a1f544302d459da2d0ab07559b1059d0bd3a7c222af24e130d9","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0030","N073-FACT-3c922c02729568dcca5bb20a","N073-SRC-0304","COMPANY-246b3e86976fe2dd59790489","均胜电子","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","机器人中央控制器；已规模化量产供货；B；未披露产量、销量、产能和客户数量","industry_source_current","doc/research/公司档案/均胜电子公司信息梳理.md","L69","5d338c0937c67c9a04f58cb3fa48d1f1243713b83f78f25f82fa7e84180ffeba","85661c70392514570505f90a8433c279881f49b29558bff20b7f2e29f02dcce9","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0031","N073-FACT-764c9e875e223a0e55e583d2","N073-SRC-0304","COMPANY-246b3e86976fe2dd59790489","均胜电子","product_and_technical_capability","PRODUCT_AND_TECHNICAL_CAPABILITY","灵巧手成本；微型执行器、电机/驱动、腱绳和连杆、编码器、电子皮肤、结构件、控制板、装配与寿命测试。；B / E","industry_source_current","doc/research/公司档案/均胜电子公司信息梳理.md","L98","5d338c0937c67c9a04f58cb3fa48d1f1243713b83f78f25f82fa7e84180ffeba","161985de470fb2f056c0828d950f68489dddad92822f68874cdaef1abdc48164","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0032","N073-FACT-0463c4086a8d814c4773a63c","N073-SRC-0305","COMPANY-814fbc154298ecaf6cc21d93","开普勒机器人","product_and_technical_capability","PRODUCT_AND_TECHNICAL_CAPABILITY","灵巧手；工业操作；公司/第三方称钢丝绳驱动、单手11自由度、触觉及腕部六维力配置；随整机验证；C；力控测试条件、寿命、良率和外售","industry_source_current","doc/research/公司档案/开普勒机器人公司信息梳理.md","L46","823ef634b2eeae7dc0fab45568983b7dc061834048506ffe8cf585be4e1474d8","18fa82d92f3339e0309bb9e274d2330fd91d4db832cf9c0694cb22f4c5dd6dcf","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0033","N073-FACT-ff624d400a94fe698d1d06ab","N073-SRC-0305","COMPANY-814fbc154298ecaf6cc21d93","开普勒机器人","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","麒麟系列；工业人形/协同；WAIC 2026首次公开展示，强调量产机型和双机协同；M1-M2；C；产品规格、客户和交付","industry_source_current","doc/research/公司档案/开普勒机器人公司信息梳理.md","L45","823ef634b2eeae7dc0fab45568983b7dc061834048506ffe8cf585be4e1474d8","b5e0412eccda73b8dd7ec27a0b25d52cc2c2b0454d8cd00ff92d01d92e31c403","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0034","N073-FACT-174369026340f080f1848796","N073-SRC-0305","COMPANY-814fbc154298ecaf6cc21d93","开普勒机器人","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","K3大黄蜂；重载工业人形；WAIC 2026首次真机亮相，详细参数尚未正式披露；M1新品；C；负载、自由度、价格和量产排期","industry_source_current","doc/research/公司档案/开普勒机器人公司信息梳理.md","L44","823ef634b2eeae7dc0fab45568983b7dc061834048506ffe8cf585be4e1474d8","25724719075817131347598fa59e6ddd528cbcdb198c869a5335f32d6f9e0edb","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0035","N073-FACT-3dcbbfb2d1be83822914cff0","N073-SRC-0305","COMPANY-814fbc154298ecaf6cc21d93","开普勒机器人","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","主要业务；工业人形本体、灵巧手/执行系统、部署软件和工业场景解决方案；B/C","industry_source_current","doc/research/公司档案/开普勒机器人公司信息梳理.md","L25","823ef634b2eeae7dc0fab45568983b7dc061834048506ffe8cf585be4e1474d8","ea8e81d77b600c58c2fa9f4af99116844faacf431031e0fe06df460eba22e866","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0036","N073-FACT-2203c69ccbad3be5e7945535","N073-SRC-0305","COMPANY-814fbc154298ecaf6cc21d93","开普勒机器人","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","工业人形收入；未披露；截至2026-07；E；量产发布不等于收入","industry_source_current","doc/research/公司档案/开普勒机器人公司信息梳理.md","L54","823ef634b2eeae7dc0fab45568983b7dc061834048506ffe8cf585be4e1474d8","72fdf6d51c85c82b33481e610d24bb4123b0fb901fca86198fc4e71454d64424","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0037","N073-FACT-1e4ce9592f5ee0d507e04448","N073-SRC-0306","COMPANY-94d33bdcbe999f76a2810a4b","柯力传感","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","当前阶段；传统力学传感器和仪表是现金流和制造底盘；机器人六维力/力矩传感器、关节扭矩传感器、触觉传感器和多模态融合感知是第二增长曲线。2025 年机器人力学传感器销售量超过 1500 只、送样客户超过 70 家；2026 年月出货量已突破千只。2026 年 5 月公司投资者关系披露进一步确认“超过 70 家客户送样、小批量交付、部分客户形成批量订单”，阶段应从单纯送样修正为“送样、验证、小批量和少数批量并存”。","industry_source_current","doc/research/公司档案/柯力传感公司信息梳理.md","L13","821a2bc2800d287e8ad491e1a9404bad194bf69ac891e0853b8575ddf0ee159d","31d32ece69ce8919e8db5781533b0463760ea03fcff707ee5c20d3039c54b41f","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0038","N073-FACT-f77f0449c5f59bca835f2bb3","N073-SRC-0306","COMPANY-94d33bdcbe999f76a2810a4b","柯力传感","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","六维力 + 触觉 + IMU 多模态方案；人形机器人腕踝、灵巧手、全身状态感知；将多轴力、表面触觉和惯性测量组合，面向整机闭环感知；2026 年 5 月公司投资者关系资料将其列为机器人感知方案；当前仍未见独立收入和整机客户验收数据；A / B；产品边界、算法归属、整套 ASP、客户和供货量","industry_source_current","doc/research/公司档案/柯力传感公司信息梳理.md","L61","821a2bc2800d287e8ad491e1a9404bad194bf69ac891e0853b8575ddf0ee159d","11a8bcb51e725181a250a7e9115f1e91785e845aada896610e8df20106c9187a","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0039","N073-FACT-f69a6a2bebb8dfcf65927bdc","N073-SRC-0306","COMPANY-94d33bdcbe999f76a2810a4b","柯力传感","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","国内人形机器人客户；六维力/力矩、关节力矩传感器；送样、测试验证、小批量交付；公司称部分客户已形成批量订单；未披露；国内；A / B；客户仍未具名，“部分批量”不能外推为头部本体厂主供","industry_source_current","doc/research/公司档案/柯力传感公司信息梳理.md","L106","821a2bc2800d287e8ad491e1a9404bad194bf69ac891e0853b8575ddf0ee159d","73aa7da80f5e8f21a298eb1dbe1ca1b92358c8f87d6b85a69490220422086088","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0040","N073-FACT-7c7ccb70a419263cf3fdb286","N073-SRC-0306","COMPANY-94d33bdcbe999f76a2810a4b","柯力传感","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","客户转化阶段；超过 70 家客户送样，已发生小批量交付，部分客户形成批量订单；六维力、关节力矩等机器人力学传感器；2026 年 5 月；A / B；批量客户数量、订单金额、复购周期和客户名称","industry_source_current","doc/research/公司档案/柯力传感公司信息梳理.md","L96","821a2bc2800d287e8ad491e1a9404bad194bf69ac891e0853b8575ddf0ee159d","b6d052efb31e1b020ff0f5afbd29d1fd98b9ceabf117f6edf2173a2a474540bb","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0041","N073-FACT-826d7081cd64590513f8d773","N073-SRC-0306","COMPANY-94d33bdcbe999f76a2810a4b","柯力传感","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","应变片自供/外采；未披露明确自研自供比例；年报披露 MEMS、硅基应变、多维力等研发方向，但不能据此推定当前六维力应变片已自供。；A","industry_source_current","doc/research/公司档案/柯力传感公司信息梳理.md","L144","821a2bc2800d287e8ad491e1a9404bad194bf69ac891e0853b8575ddf0ee159d","b6088e37403ecea720829f7a2572269fb5e659c1b54541d8f27339bdb03508b2","CONTEXT_USEFUL_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_CONTEXT_OR_GAP_CONTENT_NO_FACT_UPGRADE"
"N074-CHG-0042","N073-FACT-0d83dcdb8dc2ea369deecdd0","N073-SRC-0307","COMPANY-5ecf7ed024c0bf241c9dcaca","坤维科技","product_and_technical_capability","PRODUCT_AND_TECHNICAL_CAPABILITY","KWR200H 系列；大负载机器人、测试和工业场景；大尺寸六维力传感器，官网资料列示量程、综合精度和过载能力；标准产品；B；文本参数需回产品手册完整复核","industry_source_current","doc/research/公司档案/坤维科技公司信息梳理.md","L44","c87060b605d50fe6814616cc225a80ae130ac342d7c6711b0b195d822344d5ff","5b3e4021b36d27a4a0c09734cab560128438be4c9428d0c5748f094b1b584c54","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0043","N073-FACT-2bd13aa72ba98ae02ef75b9f","N073-SRC-0307","COMPANY-5ecf7ed024c0bf241c9dcaca","坤维科技","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","人形机器人腕踝装机；中期；本体量产、定点和复购，单机用量稳定；C / D / E","industry_source_current","doc/research/公司档案/坤维科技公司信息梳理.md","L104","c87060b605d50fe6814616cc225a80ae130ac342d7c6711b0b195d822344d5ff","09b57615abd5ca8ff2214a697187cb76dff8582a01a4d9d7a4c7b1d4265f2d13","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0044","N073-FACT-4236094de89feb0e56f9daf0","N073-SRC-0307","COMPANY-5ecf7ed024c0bf241c9dcaca","坤维科技","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","一句话结论；坤维科技是国内六维力传感器和力控解决方案的核心非上市玩家，产品从 36mm 小尺寸六维力传感器扩展到大尺寸、防爆、高性能系列和自动联合标定系统；2025-2026 年第三方资料显示其在人形与智能机器人客户、交付速度和融资扩产方面明显加速。","industry_source_current","doc/research/公司档案/坤维科技公司信息梳理.md","L12","c87060b605d50fe6814616cc225a80ae130ac342d7c6711b0b195d822344d5ff","303e9c5a840cde47764aa5d1e6d95e63b6a6cb49b2cc71de9969fd5f48bb7da9","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0045","N073-FACT-24ee81d11d987adb0f31522d","N073-SRC-0307","COMPANY-5ecf7ed024c0bf241c9dcaca","坤维科技","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","防爆六维力系列；危险环境工业机器人；面向防爆工况；产品销售；B；防爆等级、认证、客户和价格","industry_source_current","doc/research/公司档案/坤维科技公司信息梳理.md","L45","c87060b605d50fe6814616cc225a80ae130ac342d7c6711b0b195d822344d5ff","dcfc6d55fb29e8a5939202b456089d01751ef28a44f454beececc7b621f77850","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0046","N073-FACT-110016bc8da5472da818f06a","N073-SRC-0307","COMPANY-5ecf7ed024c0bf241c9dcaca","坤维科技","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","北京人形、银河通用、智元等；2026 媒体称已覆盖；未披露；C / D；需要客户侧确认产品、阶段和用量","industry_source_current","doc/research/公司档案/坤维科技公司信息梳理.md","L75","c87060b605d50fe6814616cc225a80ae130ac342d7c6711b0b195d822344d5ff","31952b77972502e5745501ad2aabaad733ed288a3ead510325a9fc0f887fc015","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
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"N074-CHG-0049","N073-FACT-53ec76e33e0bb9cacc73dc6c","N073-SRC-0308","COMPANY-e2b85836124786cc5849ec84","乐聚机器人","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","寿命/维护；未披露；整机、关节和灵巧手；E；工业客户ROI核心缺口","industry_source_current","doc/research/公司档案/乐聚机器人公司信息梳理.md","L93","423cd59cf8789820d0737eaf150a07405675ab48f3a61ba0b4e1ce38ca37abf5","af60b08ed2a2b630900184f99af01ab01ed78327be30ce8e213ce9a07a1d6c05","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0050","N073-FACT-0d8f361292b4f34c0355f0e3","N073-SRC-0308","COMPANY-e2b85836124786cc5849ec84","乐聚机器人","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","控制与软件；运动控制、操作系统、盘古/5G-A等生态接入；自研小脑和系统集成较强，基础模型部分依赖生态合作","industry_source_current","doc/research/公司档案/乐聚机器人公司信息梳理.md","L36","423cd59cf8789820d0737eaf150a07405675ab48f3a61ba0b4e1ce38ca37abf5","f8a5349be034dfc3dfcde9635b4eb728ac20e7eab36b12d0f96fc55e273a93d0","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0051","N073-FACT-51115310f673156a7226330a","N073-SRC-0308","COMPANY-e2b85836124786cc5849ec84","乐聚机器人","market_position_and_chain_role","CHAIN_POSITION_AND_CONTEXT","量产降本；模块化、MES、自动测试和30分钟节拍有望降低单位制造成本；B/C","industry_source_current","doc/research/公司档案/乐聚机器人公司信息梳理.md","L102","423cd59cf8789820d0737eaf150a07405675ab48f3a61ba0b4e1ce38ca37abf5","596a637c41921a8fa480dba27dd8d4b66de1a5df03df6a8ddc887ca9a9f5ad26","CONTEXT_USEFUL_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_CONTEXT_OR_GAP_CONTENT_NO_FACT_UPGRADE"
"N074-CHG-0052","N073-FACT-01296c74341b46062ce65cb9","N073-SRC-0309","COMPANY-11d1fb9f575b222fe9e399fe","灵心巧手","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","Open TeleDex；遥操作；支持多外接设备、机械臂和灵巧手接入；工具平台；B/C；客户数和收费","industry_source_current","doc/research/公司档案/灵心巧手公司信息梳理.md","L48","ad97a2a68aa95d61b2295abc46ac9c26c9a6feb77def8f477d2da017ef366b0e","3ddf79bb3fafe3f12cf9c210055cf234866db9919e566e74917bb90ff058c2c2","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0053","N073-FACT-02b4b87548ce74ff9ee59ab7","N073-SRC-0309","COMPANY-11d1fb9f575b222fe9e399fe","灵心巧手","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","D1平台；桌面级数采训练；与智在无界合作，集机械臂、灵巧手和主动视觉，覆盖采集、训练和部署；WAIC 2026展示/合作；B/C；定点数量、售价、客户和交付","industry_source_current","doc/research/公司档案/灵心巧手公司信息梳理.md","L51","ad97a2a68aa95d61b2295abc46ac9c26c9a6feb77def8f477d2da017ef366b0e","75c605b789622482c82fc0cb3004f930d61ccd56b219b731fd8e003105a351c7","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0054","N073-FACT-29b7294d0c6050622a61b5fd","N073-SRC-0309","COMPANY-11d1fb9f575b222fe9e399fe","灵心巧手","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","T10/T20等；多档灵巧手；覆盖不同自由度、驱动和价格带；产品矩阵；B/C；型号级价格、产销量和客户","industry_source_current","doc/research/公司档案/灵心巧手公司信息梳理.md","L47","ad97a2a68aa95d61b2295abc46ac9c26c9a6feb77def8f477d2da017ef366b0e","4bad51093b710cefa21f4d051718906936c791f82ceb09a4301c5627c40f50ad","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0055","N073-FACT-35010ee5e68979a4da2e3c79","N073-SRC-0309","COMPANY-11d1fb9f575b222fe9e399fe","灵心巧手","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","灵巧手收入占比；未披露；截至2026-07；E；公司几乎全部业务相关但仍需财务拆分","industry_source_current","doc/research/公司档案/灵心巧手公司信息梳理.md","L58","ad97a2a68aa95d61b2295abc46ac9c26c9a6feb77def8f477d2da017ef366b0e","c7332041ca29a5f6ea947fa5266e91ddc7972568767ec130354a13b003c6d363","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0056","N073-FACT-0601fccb300fcce44fe848aa","N073-SRC-0309","COMPANY-11d1fb9f575b222fe9e399fe","灵心巧手","market_position_and_chain_role","CHAIN_POSITION_AND_CONTEXT","L20触觉寿命；本地手册/资料存在10万次线索；L20触觉；B/C；需明确测试动作、负载和失效标准","industry_source_current","doc/research/公司档案/灵心巧手公司信息梳理.md","L87","ad97a2a68aa95d61b2295abc46ac9c26c9a6feb77def8f477d2da017ef366b0e","25395d5008466d738bcf9c6d8340c43e2aa930b94484156dec2686614c2a3dcb","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0057","N073-FACT-6d862d039bbdc2d82de3919f","N073-SRC-0310","COMPANY-10e2333975a2ea6d6ff1f5d3","龙溪股份","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","人形机器人定制关节轴承；按不同本体结构用于脚踝、膝、腕、颈、手部等潜在连接位置；公司称根据合作方应用场景和性能/功能需求开发设计；研制或小批送样、试验；B；客户、具体安装位置、单机用量、试验结果和转定点时间","industry_source_current","doc/research/公司档案/龙溪股份公司信息梳理.md","L46","424b9b6f51ebca52852100dec0d21137fa847c6a95e3b1b22e0657d5eeb8a0fc","7291c400e667c6808ee9192b300374471ab4dd8b27f5822bf698dc2461a47816","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0058","N073-FACT-677f83932949f03b57aa77d6","N073-SRC-0310","COMPANY-10e2333975a2ea6d6ff1f5d3","龙溪股份","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","但机器人证据仍要谨慎：年报多次提到人形机器人、低空经济等未来产业；公司投资者关系口径进一步说明，人形机器人关节轴承总体仍处于研制或小批送样、试验阶段，并按合作方场景和性能要求开发。公司没有披露客户名称、产品型号、供货量、机器人轴承收入、ASP、寿命和产能利用率。因此它应写成“关节轴承龙头 + 人形产品研制/小批送样”，不能写成“人形机器人轴承已确认定点或主供”。","industry_source_current","doc/research/公司档案/龙溪股份公司信息梳理.md","L14","424b9b6f51ebca52852100dec0d21137fa847c6a95e3b1b22e0657d5eeb8a0fc","ef9357893ae2e5149aa75713c4d944393f793fab6857fef3009f860fa2e7edab","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0059","N073-FACT-bda3d16f22be89dff0d8f0d6","N073-SRC-0310","COMPANY-10e2333975a2ea6d6ff1f5d3","龙溪股份","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","人形机器人客户；未披露；高；已有合作方需求驱动的研制/小批送样和试验，但没有客户名称、定点和订单","industry_source_current","doc/research/公司档案/龙溪股份公司信息梳理.md","L92","424b9b6f51ebca52852100dec0d21137fa847c6a95e3b1b22e0657d5eeb8a0fc","0f68777bae299a4ee4a6da4f4dce045cea48bb14625f9055e24cfbafdb5929d4","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0060","N073-FACT-31318a55c08ef46900f9cc66","N073-SRC-0311","COMPANY-c4143a95cbdf9879bec86e8d","绿的谐波","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","新项目规划口径；新一代精密传动装置智能制造项目规划新增谐波减速器 100 万台、机电一体化产品 20 万台年产能；谐波减速器、机电一体化产品；建设中；C / D；与既有 50 万台、79 万台和“年底 100 万台”口径的基数不同，应按现有、在建和达产三层跟踪","industry_source_current","doc/research/公司档案/绿的谐波公司信息梳理.md","L104","f3c9231f8774d439fd80ab2978cb83bca66d5ceadef2a856c974b9b4a29bf5b2","011f633ec1718e24d83af42b22fb2c479192ef069ab08d23ce4d5179a7c53a1a","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0061","N073-FACT-47f8bd61712743aef1028a13","N073-SRC-0311","COMPANY-c4143a95cbdf9879bec86e8d","绿的谐波","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","当前阶段；谐波减速器已规模化量产，机电一体化产品处于快速放量阶段；公司年报称其高扭矩密度谐波减速器和一体化关节模组已在国内具身智能机器人产业链占据领先地位，并成为多家头部具身智能机器人企业核心供应商。2026 年 6 月新华社报道引述公司口径称，2025 年末谐波减速器年产能约 79 万台；但客户名称、供货量、具体型号、价格和产能利用率仍未披露。","industry_source_current","doc/research/公司档案/绿的谐波公司信息梳理.md","L13","f3c9231f8774d439fd80ab2978cb83bca66d5ceadef2a856c974b9b4a29bf5b2","e4ae84c359ea7090651e70435c82313995cf6037a402053a129ba6dc6b2c9aad","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0062","N073-FACT-90cdcbb3bbee640f93d18355","N073-SRC-0311","COMPANY-c4143a95cbdf9879bec86e8d","绿的谐波","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","2025 年末产能口径；谐波减速器年产能约 79 万台；谐波减速器；2025 年末，2026 年 6 月报道；D（公司受访口径）；是设计/有效产能还是设备名义产能未说明；不能据此反推利用率","industry_source_current","doc/research/公司档案/绿的谐波公司信息梳理.md","L103","f3c9231f8774d439fd80ab2978cb83bca66d5ceadef2a856c974b9b4a29bf5b2","736a83201a3f8cc23d106b28e0bd6d641471302735f3218dbe3f0e83ea099fb9","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0063","N073-FACT-ad53a6b55dd12c9544f64b83","N073-SRC-0311","COMPANY-c4143a95cbdf9879bec86e8d","绿的谐波","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","转写继续将公司视为人形机器人减速器高弹性候选；赛道位置较强，但 Tesla 客户、型号、份额和订单仍未具名；D 级，不能认定 Tesla 主供","industry_source_current","doc/research/公司档案/绿的谐波公司信息梳理.md","L130","f3c9231f8774d439fd80ab2978cb83bca66d5ceadef2a856c974b9b4a29bf5b2","8cc2683f382b7f5f47557ccd8741fbb3515e0f1aa6022b80dc53284c226f0a54","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0064","N073-FACT-dcfb571b51fc4f644feb39d5","N073-SRC-0311","COMPANY-c4143a95cbdf9879bec86e8d","绿的谐波","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","2026-07-06 转写称现有谐波减速器产能约 50 万台/年，年底可能扩至约 100 万台/年；与档案中研报产能口径方向一致，但不能替代项目公告；“年底 100 万”还需区分总产能和新增产能；D 级复核线索","industry_source_current","doc/research/公司档案/绿的谐波公司信息梳理.md","L128","f3c9231f8774d439fd80ab2978cb83bca66d5ceadef2a856c974b9b4a29bf5b2","74e1de95e146d939590a876aa3e99085f6450be19fc75d940e73b080ef524676","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0065","N073-FACT-0389703a5288b7c98f883bf0","N073-SRC-0312","COMPANY-ce6bc5bb0a43dadc5a50d89f","鸣志电器","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","2026 年 6 月转写称公司存在 Tesla 灵巧手电机 PPA、越南产能和 2026Q4 交付线索；需要先确认 PPA 的具体含义、产品型号和客户主体；不能写成已通过 PPAP 或已量产；D 级线索","industry_source_current","doc/research/公司档案/鸣志电器公司信息梳理.md","L109","a405c1283c0f7d15e0ac6e377a5c5d68c67e733a937af29b397d5e752ded0d4f","fcedacdc31f1fb8cff67f8cfb47f404105f27169a97f4ab12120b2d34c7c3deb","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0066","N073-FACT-bc74dbb152392ebb68b59156","N073-SRC-0312","COMPANY-ce6bc5bb0a43dadc5a50d89f","鸣志电器","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","2026-07-06 转写继续将其列为灵巧手电机候选；与空心杯/无齿槽电机能力相符，但没有新增公司级订单硬证据；D 级复核线索","industry_source_current","doc/research/公司档案/鸣志电器公司信息梳理.md","L110","a405c1283c0f7d15e0ac6e377a5c5d68c67e733a937af29b397d5e752ded0d4f","e31e7e60c725282d5ad2d8f287e7bf5198314c880965cf63958a6c0a68a88b34","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0067","N073-FACT-b6764efc798f828188202bd0","N073-SRC-0312","COMPANY-ce6bc5bb0a43dadc5a50d89f","鸣志电器","product_and_technical_capability","PRODUCT_AND_TECHNICAL_CAPABILITY","既有专题文档；[电机产业链深度梳理结果](../电机产业链深度梳理结果.md)及旧版灵巧手/驱控专题；E / 汇总；与其他玩家横向对比、缺口继承","industry_source_current","doc/research/公司档案/鸣志电器公司信息梳理.md","L169","a405c1283c0f7d15e0ac6e377a5c5d68c67e733a937af29b397d5e752ded0d4f","29812b076bbccb81fa3a190513376d15a20dd0075337eb38bbabcf95d34d0dcc","CONTEXT_USEFUL_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_CONTEXT_OR_GAP_CONTENT_NO_FACT_UPGRADE"
"N074-CHG-0068","N073-FACT-3951e5f594f5a3f7e34f345c","N073-SRC-0313","COMPANY-eaf87eb8fe1f87016746a246","强脑科技","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","商业化阶段；仿生假肢已量产并服务大量残障用户；Revo 2/3处于产品化；脑控机器人和具身数据方案处于WAIC首发及研发客户导入阶段","industry_source_current","doc/research/公司档案/强脑科技公司信息梳理.md","L14","2009ea335df06e07ef5a48a341be6e64a40f9ce1bfd21e9fa0e434bf2a2590df","a112973ec5dbdbfe430f6a9899c346e7bc95bd686f49874344e078c0f197cf63","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0069","N073-FACT-842c033b02ea484b279fc36c","N073-SRC-0313","COMPANY-eaf87eb8fe1f87016746a246","强脑科技","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","机器人灵巧手；Revo 3；人形、机械臂和科研；2026起；价格、寿命、量产客户和本体适配；B/C","industry_source_current","doc/research/公司档案/强脑科技公司信息梳理.md","L104","2009ea335df06e07ef5a48a341be6e64a40f9ce1bfd21e9fa0e434bf2a2590df","831fcae8ba5d64c73b17a0c37feddcf8df2f7a37aba2a3220ea0adc92de7b85b","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0070","N073-FACT-0695a0356c01114f90ec570a","N073-SRC-0313","COMPANY-eaf87eb8fe1f87016746a246","强脑科技","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","机器人/灵巧手收入；未披露；截至2026-07；E；新业务占比未知","industry_source_current","doc/research/公司档案/强脑科技公司信息梳理.md","L57","2009ea335df06e07ef5a48a341be6e64a40f9ce1bfd21e9fa0e434bf2a2590df","486d4a2cdf1f1025751d77de365a3d0e79c20e2a8355d27949b49a33379725c1","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0071","N073-FACT-2f3b973a72cc58d6a59d5c33","N073-SRC-0313","COMPANY-eaf87eb8fe1f87016746a246","强脑科技","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","6. 脑控平台和具身数据方案的首批客户、设备数量、价格和交付时间是什么？","industry_source_current","doc/research/公司档案/强脑科技公司信息梳理.md","L135","2009ea335df06e07ef5a48a341be6e64a40f9ce1bfd21e9fa0e434bf2a2590df","9280b88d318c70bee9ce671c4315916fd852a04996c0fea713b65ef012c3cc88","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0072","N073-FACT-9be9986b40fb5a6523a4bf2d","N073-SRC-0313","COMPANY-eaf87eb8fe1f87016746a246","强脑科技","product_and_technical_capability","PRODUCT_AND_TECHNICAL_CAPABILITY","具身数据采集方案；灵巧操作训练；双臂轮式平台+高精度数据手套，融合真机执行、人类示范、仿真和EEG；WAIC 2026首发；B/C；数据小时、质量、成本、机器人型号和模型提升","industry_source_current","doc/research/公司档案/强脑科技公司信息梳理.md","L48","2009ea335df06e07ef5a48a341be6e64a40f9ce1bfd21e9fa0e434bf2a2590df","831325b058e4c1c49def712ed059edc615498ff91d39744c41b0d858af29f676","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
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"N074-CHG-0088","N073-FACT-647f5f6cc64e8ac5fa1ff609","N073-SRC-0318","COMPANY-0916da0a79cee8dfbdc4d409","因时机器人","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","RH56DFX；机器人末端和假肢；12 关节、6 主动自由度；展会页称拇指主动输出力 1.5kg、四指指尖输出力 1kg，内置绝对位置与力传感器；标准产品；B / D；批量客户、长期精度和返修率","industry_source_current","doc/research/公司档案/因时机器人公司信息梳理.md","L43","33fce657a4b109838ced0b4390387cff62f45142e76ec54873826e4250fcdd80","9c0bbf4cbe8d72d87238f59f2c4b7ea4fac6dedfb558554055477e3315181b9e","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
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"N074-CHG-0090","N073-FACT-56bc004af44a20f7b0bee027","N073-SRC-0318","COMPANY-0916da0a79cee8dfbdc4d409","因时机器人","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","利润压力；6 自由度产品价格竞争、高自由度路线替代、触觉外采成本和客户定制可能压低毛利。；E","industry_source_current","doc/research/公司档案/因时机器人公司信息梳理.md","L92","33fce657a4b109838ced0b4390387cff62f45142e76ec54873826e4250fcdd80","7fab7a5676ce30bbafaa68e0ee4ff93f6620c0cb1905350f9851acfc1d874c01","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0091","N073-FACT-56c4e0d861c887372fbafd02","N073-SRC-0318","COMPANY-0916da0a79cee8dfbdc4d409","因时机器人","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","机器人本体厂收入；未披露；B / C；现有硬证据以高校采购和产品资料为主","industry_source_current","doc/research/公司档案/因时机器人公司信息梳理.md","L54","33fce657a4b109838ced0b4390387cff62f45142e76ec54873826e4250fcdd80","367cfbc8a860eee678221111d2525f004ebbf609fa9c78299a7e5c44a707a960","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0092","N073-FACT-08d161e59caa033ce019f32f","N073-SRC-0319","COMPANY-30081094f2a8c83dd47b69fd","优必选","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","Walker S1；汽车制造、物流和工业搬运；全尺寸工业人形，采用多模态感知和全身控制；小批合同/客户实训；A/B；分客户台数、验收和复购","industry_source_current","doc/research/公司档案/优必选公司信息梳理.md","L46","65208e88dddee3d73400bd404e4793a22d664aff8332beda212bd514457ed6d2","bc9614cd149775c1c4546a74d6cc5da2cda9101073fd9134db3aee6d01d874bc","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0093","N073-FACT-7ae16a4a9c8af543d017c0b1","N073-SRC-0319","COMPANY-30081094f2a8c83dd47b69fd","优必选","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","优必选（09880.HK）处于**人形机器人本体、工业与商用场景解决方案、服务/教育机器人和全栈具身技术平台**环节。它是当前国产本体厂中财务和交付数据较完整的样本，2025年全尺寸具身智能业务已经形成收入、销量和较高毛利，但公司整体仍亏损。","industry_source_current","doc/research/公司档案/优必选公司信息梳理.md","L10","65208e88dddee3d73400bd404e4793a22d664aff8332beda212bd514457ed6d2","dbfa3ddc6cf9dbb87caae6ff47622f192279f0a7ddbe76072050ba737ce7aca0","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0094","N073-FACT-0517d8d677ba170a406158eb","N073-SRC-0319","COMPANY-30081094f2a8c83dd47b69fd","优必选","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","全尺寸人形产品收入；约7.14亿元；2025年年报明细；A；与8.21亿元解决方案口径不同","industry_source_current","doc/research/公司档案/优必选公司信息梳理.md","L64","65208e88dddee3d73400bd404e4793a22d664aff8332beda212bd514457ed6d2","549d495406ba662a0468a6d0c9b9ae24940e64d1bee0fdea76378885819ec78d","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0095","N073-FACT-e7dba3a5a92023db79e71a4c","N073-SRC-0319","COMPANY-30081094f2a8c83dd47b69fd","优必选","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","静态销量/年化产能；约18%；全尺寸人形；分析计算；E；年末产能并非全年平均产能，不能作为严格利用率","industry_source_current","doc/research/公司档案/优必选公司信息梳理.md","L77","65208e88dddee3d73400bd404e4793a22d664aff8332beda212bd514457ed6d2","454d4098f7928f9cd5a2aa0bac3397f3907e3bf174b2fcbb54d333209ea10047","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0096","N073-FACT-d77281d6f36218b7921d89b4","N073-SRC-0319","COMPANY-30081094f2a8c83dd47b69fd","优必选","product_and_technical_capability","PRODUCT_AND_TECHNICAL_CAPABILITY","4. Walker系列各类电机、减速器、丝杠、力觉、视觉、控制器、电池和结构件由谁供应，份额多少？","industry_source_current","doc/research/公司档案/优必选公司信息梳理.md","L161","65208e88dddee3d73400bd404e4793a22d664aff8332beda212bd514457ed6d2","aff917e2357a5e94d99379a66fd8967afac3333af23cd02f0d167f74cda52110","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0097","N073-FACT-f0164ce289100da298640733","N073-SRC-0320","COMPANY-35826112ed957325dfd44955","宇树科技","product_and_technical_capability","PRODUCT_AND_TECHNICAL_CAPABILITY","市场地位；全球高性能民用四足的重要量产厂商，国内低价人形开发平台龙头之一；产品定义和核心运动控制话语权强","industry_source_current","doc/research/公司档案/宇树科技公司信息梳理.md","L13","f5722c00c43ae4b36b0f8f033c31b2ac25590f3e8f760b31b3b948537d0aa4ac","c5f470ec0f7d9bbc19f8e746dd1f9046dddfd9c06626756a123e78694a2d9f25","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0098","N073-FACT-27ae9d2b271f506cfd41c7ef","N073-SRC-0320","COMPANY-35826112ed957325dfd44955","宇树科技","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","人形销量；3,551台；人形合计；2025年前三季度；A；客户结构和退换货","industry_source_current","doc/research/公司档案/宇树科技公司信息梳理.md","L75","f5722c00c43ae4b36b0f8f033c31b2ac25590f3e8f760b31b3b948537d0aa4ac","e5c469a9056b3cfae121bac8654d9637ff81a64cfed548888dd433584da6d6fc","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0099","N073-FACT-86fe1462a2de1fcc40ee77af","N073-SRC-0320","COMPANY-35826112ed957325dfd44955","宇树科技","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","主要风险；人形行业应用收入占比低；“会运动”向“能完成生产任务”迁移仍需模型、数据和末端操作补课；新品降价、研发和售后可能压缩利润","industry_source_current","doc/research/公司档案/宇树科技公司信息梳理.md","L17","f5722c00c43ae4b36b0f8f033c31b2ac25590f3e8f760b31b3b948537d0aa4ac","9ac66fd0ac36a9d1a0e7d6f45cf141f369f7f3f525da7e43ca6aa2e7d51b8bb5","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0100","N073-FACT-c5ae0a5a4a4af6f82451b653","N073-SRC-0320","COMPANY-35826112ed957325dfd44955","宇树科技","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","UnifoLM/WMA/VLA；具身模型；自研模型尚未在历史已售产品中规模集成；X1-0曾在自有工厂试点关节电机装配；试点；A/B；跨任务泛化、工业KPI和规模装机","industry_source_current","doc/research/公司档案/宇树科技公司信息梳理.md","L53","f5722c00c43ae4b36b0f8f033c31b2ac25590f3e8f760b31b3b948537d0aa4ac","69fb6fdfde141d734154274f1ce9044c13337a7b9e1604e9e62ed1d1f94dca42","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0101","N073-FACT-1be2e3598279da1a4769b293","N073-SRC-0320","COMPANY-35826112ed957325dfd44955","宇树科技","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","> 资料边界：基于科创板招股书、审核问询回复、注册进展、公司官网和产品手册、客户侧资料及 WAIC 2026 公开信息整理。财务及经营数据优先使用申报材料口径；媒体四舍五入数据不替代申报数据。","industry_source_current","doc/research/公司档案/宇树科技公司信息梳理.md","L5","f5722c00c43ae4b36b0f8f033c31b2ac25590f3e8f760b31b3b948537d0aa4ac","57a2bcc161052da2ff8d1b7b8436939382458bbf73c14f0ab12cf980a6915893","CONTEXT_USEFUL_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_CONTEXT_OR_GAP_CONTENT_NO_FACT_UPGRADE"
"N074-CHG-0102","N073-FACT-084f1be6d80cd982fc6fea2c","N073-SRC-0321","COMPANY-35e7000912a6caf1f24b2473","兆威机电","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","宝安灵巧手及微型驱动系统产业园；拟投资约 8 亿元，土地出让价款 4091 万元，出让年期 30 年；灵巧手/微型驱动系统；2026 年 4 月；A；建设周期、规划产能、达产收入","industry_source_current","doc/research/公司档案/兆威机电公司信息梳理.md","L100","c6d4b0182f714572818ff4a8c850ad3ca28724c7c3a718a70b78489a9f65ddb2","8600c53b01468a59b654afe772bb6d20849cd8e02a4c5521d8db00db73c06f8e","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0103","N073-FACT-227b5961c0bbff95220dedfc","N073-SRC-0321","COMPANY-35e7000912a6caf1f24b2473","兆威机电","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","NB-20260711-01；兆威机电经营点评（new_batch_20260711/123ef7ebfa47）；C；2025 年经营、机器人收入、研发费用率和 H 股上市；研报转述，需回年报和港交所文件","industry_source_current","doc/research/公司档案/兆威机电公司信息梳理.md","L187","c6d4b0182f714572818ff4a8c850ad3ca28724c7c3a718a70b78489a9f65ddb2","e298ed7d6445f897c2f70f51eeecef8de1c31c5c419a40f977de368291c541f1","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0104","N073-FACT-1bac5bd9a0e43dedebf2ba82","N073-SRC-0321","COMPANY-35e7000912a6caf1f24b2473","兆威机电","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","NB-20260711-02；兆威机电灵巧手点评（new_batch_20260711/d051ed11c6d9）；C；产品参数、苏州/泰国基地、2026Q1 财务；产品命名存在 OCR 冲突，客户和销量未披露","industry_source_current","doc/research/公司档案/兆威机电公司信息梳理.md","L188","c6d4b0182f714572818ff4a8c850ad3ca28724c7c3a718a70b78489a9f65ddb2","810a62b0e9db4cda9cec95f53b76bd77b8d14655364c2e9febab9ff66fa21dc3","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0105","N073-FACT-1f305ca16220f866e15d57bd","N073-SRC-0321","COMPANY-35e7000912a6caf1f24b2473","兆威机电","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","H 股融资；研报称 2026-03-09 H 股上市，发行价 71.28 港元、发行约 2,674.83 万股、募资总额约 19 亿港元，并引入 21 名基石投资者。；C 级，需回港交所配发结果；有助海外品牌和融资，不等于机器人订单。","industry_source_current","doc/research/公司档案/兆威机电公司信息梳理.md","L169","c6d4b0182f714572818ff4a8c850ad3ca28724c7c3a718a70b78489a9f65ddb2","0528b8183e2239c9cad258a78d2edf97b99e27a93c54bc75eb3762776a08238d","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0106","N073-FACT-ad47bda35e362810420d668b","N073-SRC-0321","COMPANY-35e7000912a6caf1f24b2473","兆威机电","product_and_technical_capability","PRODUCT_AND_TECHNICAL_CAPABILITY","新增研报转写将 A17/B06 写作“DM17/LM06”，与公司年报、官网及既有档案命名不一致。本文继续保留 A17/B06/B20 的公司侧命名；研报中的“17 主动自由度、6 自由度、20kg 级抓握”等参数仅在能够完成型号映射后使用，避免把 OCR 命名冲突写成新产品系列。","industry_source_current","doc/research/公司档案/兆威机电公司信息梳理.md","L65","c6d4b0182f714572818ff4a8c850ad3ca28724c7c3a718a70b78489a9f65ddb2","b17d89ec2f41015d53c144f6527f9d25e6e2b72512b4c2df35986ba12b5501fd","CONTEXT_USEFUL_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_CONTEXT_OR_GAP_CONTENT_NO_FACT_UPGRADE"
"N074-CHG-0107","N073-FACT-4b48df93642987bad95b4e11","N073-SRC-0322","COMPANY-ed71c3420dbf50a96a81a36c","智元机器人","customer_and_commercial_relationship","CUSTOMER_AND_COMMERCIAL_RELATIONSHIP","海外市场；整机、灵巧手和平台；海外科研与产业客户；中长期；认证、渠道、售后及数据合规；C","industry_source_current","doc/research/公司档案/智元机器人公司信息梳理.md","L126","68148b1f76d6f8b44bd490e1fea5b046ce2cd3df222dccc904ba5dfaf11758e6","ceb0003974c0732dbbd55ceeeb9113fb0bc411a0ad738a511e5238c170d80c0f","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0108","N073-FACT-4b667e37c4f0a3f9828acba2","N073-SRC-0322","COMPANY-ed71c3420dbf50a96a81a36c","智元机器人","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","主要商业模式；整机销售、工业项目交付、灵巧手/部件销售，软件平台和生态服务存在独立收费潜力但尚未拆分披露；B/C","industry_source_current","doc/research/公司档案/智元机器人公司信息梳理.md","L28","68148b1f76d6f8b44bd490e1fea5b046ce2cd3df222dccc904ba5dfaf11758e6","76ef777395e677499baaefc3b38b10de14cd834fafa97ba9e64c62f49c323bd3","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0109","N073-FACT-316425ba2bd11aa5dab2bd6b","N073-SRC-0322","COMPANY-ed71c3420dbf50a96a81a36c","智元机器人","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","OmniHand 2025；灵巧手；16总自由度、约510-550克、CAN-FD/RS485；触觉款300+/400+触觉点；商城价5,360美元，运费500-3,000美元；开售；B；批量 ASP、寿命、良率、返修率和第三方本体客户","industry_source_current","doc/research/公司档案/智元机器人公司信息梳理.md","L50","68148b1f76d6f8b44bd490e1fea5b046ce2cd3df222dccc904ba5dfaf11758e6","350fc5274f29dce222ccaf32ff44555b406889ee3d078979c7e2b1ffc9f8eae8","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0110","N073-FACT-9030a4d3387e16b1bde4f977","N073-SRC-0322","COMPANY-ed71c3420dbf50a96a81a36c","智元机器人","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","现阶段不能用“超过10亿元收入”与累计下线量简单相除得到标准 ASP：不同型号、灵巧手、解决方案和服务可能同时计入收入，且下线时间与收入确认时间并不一致。","industry_source_current","doc/research/公司档案/智元机器人公司信息梳理.md","L67","68148b1f76d6f8b44bd490e1fea5b046ce2cd3df222dccc904ba5dfaf11758e6","67bf81ce8fa525e2c6bf64f7df5841e3bcabe5e24a5b3687ea172620583b3b20","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0111","N073-FACT-63a2c4855bce2b5cb953e31f","N073-SRC-0322","COMPANY-ed71c3420dbf50a96a81a36c","智元机器人","product_and_technical_capability","PRODUCT_AND_TECHNICAL_CAPABILITY","酷拓骑行机器人；专用/展示型本体；WAIC 2026 首发，展示骑行和全身控制；M1 演示；C；商业场景、产品归属和销售计划","industry_source_current","doc/research/公司档案/智元机器人公司信息梳理.md","L53","68148b1f76d6f8b44bd490e1fea5b046ce2cd3df222dccc904ba5dfaf11758e6","3760bd6dc52c8a60a0f3d607606402b5dc16c42f8779f206e67b6741588c2a3b","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0112","N073-FACT-8e0ec92dd6f3cc722083e2d1","N073-SRC-0323","COMPANY-6fa2c811e179cadae3662056","中大力德","revenue_and_operational_metric","REVENUE_PRICE_AND_OPERATIONAL_METRIC","K2 / L2 / RC2 高压无刷无感减速电机及 HLIT 谐波、RV 产品；移动机器人、执行机构和机器人关节；扩充高压减速电机、谐波和 RV 产品矩阵；2026 年公开产品资料列示；B / D；机器人专用参数、收入、客户和量产状态","industry_source_current","doc/research/公司档案/中大力德公司信息梳理.md","L51","b0eadc58dffa866d680edcba58adb92aaa5af309d0068d5342a94d8a52d413f4","3ec18abf1c10d376f60b491090cbb76327848a0b6fe1a0e85cf6dc79c68b5609","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0113","N073-FACT-28118cf13c1bfb2d77804b12","N073-SRC-0323","COMPANY-6fa2c811e179cadae3662056","中大力德","high_value_gap_and_risk","RISK_GAP_AND_UNCERTAINTY","人形机器人一体化关节 / 高精度关节模组；人形上臂、协作机器人和高精度旋转关节；谐波减速器、低齿槽转矩伺服电机、伺服驱动器和双编码器集成；2026 年官网/展会产品页已列示人形机器人模组；产品发布强于既有研报线索，但客户和批量仍未披露；B；型号、扭矩密度、寿命、量产客户、ASP 和销量","industry_source_current","doc/research/公司档案/中大力德公司信息梳理.md","L50","b0eadc58dffa866d680edcba58adb92aaa5af309d0068d5342a94d8a52d413f4","157287513bd829ba8719036febf09f97996addb05e7951badebb4f7d6da1d5ef","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"
"N074-CHG-0114","N073-FACT-0706d18132341eb0c060707a","N073-SRC-0324","COMPANY-40adef0365fbba15f1148bd9","中鼎股份-星汇传感","capacity_delivery_and_procurement","CAPACITY_DELIVERY_AND_PROCUREMENT","WAIC 2026 机器人核心部件组合；人形机器人关节、力觉、末端和皮肤；谐波减速器、力觉传感器、微型电机、柔性电子皮肤同台展示；2026 年 7 月公司官方参展并展示，证明产品矩阵已形成，不等于全部进入量产；B；大会后送样、定点、订单和实际交付","industry_source_current","doc/research/公司档案/中鼎股份-星汇传感公司信息梳理.md","L54","5658a2e56be86d9d5de9f8a32c7ec84ce789249eda92e3ea831ab2a9341269fc","2f03e4d663c902fc2886d2b827ad63f7f9d23062dfeda609cdf9d3652673d4fa","DIRECT_HIGH_VALUE_CANDIDATE","FROZEN_LOCAL_RESEARCH_PENDING_PRIMARY_SOURCE_BACKTRACE","PENDING_VERIFICATION_MAX_NO_UPGRADE|NO_AUTOMATIC_FORMAL_POOL_CHANGE|CONTENT_ASSIMILATION_ONLY","SELECTED_DIRECT_CONTENT_PENDING_VERIFICATION"