CNC machine tools are automated precision machinery that utilizes computerized systems to control and execute complex machining operations. These machines are equipped with programmable software that enables precise control over cutting, shaping, and drilling processes, resulting in high-precision and consistent output. By utilizing programmed instructions, CNC machine tools can fabricate various materials, including metal, plastic, wood, and composite materials, with exceptional accuracy and repeatability. The flexibility and efficiency of CNC machine tools make them indispensable in industries such as manufacturing, aerospace, automotive, and tooling. These advanced systems have revolutionized the manufacturing sector by enabling the production of intricate components and products with minimal human intervention, leading to improved productivity and quality.

Body worn video cameras are valuable tools that can be used by law enforcement personnel to record arrests, traffic stops, interviews and sobriety tests. Body worn video camera systems generally consist of a camera, battery, microphone, and onboard data storage. They are designed to be worn or head-mounted at different locations on the body, depending on the model.

Courier, express, and parcel (CEP) involves the fulfillment of different types of parcels, including business-to￾customer (B2C), business-to-business (B2B), and customer-to-customer (C2C), within 1-3 business days. Each vendor in the market has different service lines, such as ground delivery, express delivery, and deferred delivery.

A crepe maker is a cooking device that makes crepes, galettes, pancakes, blinis, tortillas, and other food items. The market includes the sales of crepe makers by the manufacturers to the end-users, such as restaurants and cafes.

The ventilation and filtration taking place in heating, ventilation, and air conditioner (HVAC) systems ensure high air quality and overall thermal balance in commercial establishments. These systems use heat exchangers, pumps, and fans to control and regulate humidity and temperature levels. The air quality of the outdoor and indoor environment will determine the type of HVAC system required for heating and cooling

A chatbot is a computer application that is used by companies for text and voice-based conversations with people. These chatbots can be integrated into applications, instant messaging, and websites.

A combine harvester can combine three separate operations (harvesting, threshing, and winnowing) into a single process. Based on the product type, combine harvesters can be classified into self-propelled combine harvesters, track-mounted combine harvesters, and power take-off combine harvesters. A combine harvester is deployed where there is a shortage of labor as it reduces manpower needed in harvesting, time, and efforts, consequently increasing overall productivity

机器人引领“具身智能”，是新质生产重要发展方向。（1）人口结构变 化背景下，机器人或可缓解劳动力短缺问题。据 2021 年刘骏等所著 《机器人可以缓解老龄化带来的中国劳动力短缺问题吗》，实证结果证 明，机器人能够弥补的劳动力工作可以部分抵消由人口结构变化带来 的劳动力短缺问题，这对更全面地理解中国人口结构变化问题及相关 政策调整有十分重要的意义。（2）机器人是新质生产力发展方向之一， 首次出现在政府工作报告中。据《中国报道》，2025 年政府工作报告 中首次提及“具身智能”和“智能机器人”。

家电行业：空调内销继续受益补贴，出口对美订单转移－3月空调产销数据点评

政策衔接提振消费信心，汽车板块景气延续 25Q1 受春节及政策空窗期扰动，汽车销量环比回落，但得益于以旧换新 政策在 1-2 月的快速衔接落地，同比维持增长，截至 3 月末，全国以旧换 新补贴申请量已达 176.9 万份。Q1 新能源汽车零售量累计达 205 万辆， 同比+34%。燃油车更新需求亦在国四车置换补贴扩容下加速释放。预计 Q2 在以旧换新政策和销售旺季共振下，行业景气度有望回升。整车推荐弹 性标的吉利汽车、小鹏汽车，稳健配置比亚迪；零部件推荐星宇股份；商用 车推荐龙头中国重汽-A。

固态电池相较液态锂电具备能量密度与安全性优势。由于液态电池中电解 液的有机溶剂具有易燃、易腐蚀以及存在锂枝晶等问题，因此有产生热失 控的可能性。而固态电池则是将固态电解质部分或全部替代液态电解质的 一种电池技术。当前固态电池具有不可燃性、较强的热稳定性以及可抑制 锂枝晶形成等特性，相比液态电池而言，安全性有着显著的提升。此外， 固态电池可兼容高比容量正负极，因此可大幅提升能量密度。其中半固态 可达 350Wh/kg+，准固态可实现 400Wh/kg+，全固态可突破 500Wh/kg。

灵巧手vs夹爪：场景落地不同，稳定性与泛化性的博弈。场景应用决定硬件需求，不同的场景匹配不同的硬件， 无论是灵巧手还是夹爪，都有其适合的应用场景。夹爪：泛化能力有限但稳定性高，更适合工业应用场景。夹 爪的泛化性弱于灵巧手，但低成本与高稳定性的特性使其更适配工业场景。一方面工业场景不会为多余的功能 买单，夹爪可以以最高的性价比满足工业端需求；另一方面夹爪泛化性差但操作简单，现有的控制算法已可以 赋予其较高的稳定性，这对于工业场景对高良率和高稳定性的要求比较友好。灵巧手：终局泛化能力强，适配 更复杂的应用场景。灵巧手相比夹爪能实现更多复杂的操作，例如需要抓握、手指联动的场景中，灵巧手是必 然选择。长期来看，人形机器人的最终目标就是融入人类的环境，因此灵巧手会是终局解决方案，能够适用于 更多的应用场景。