《机械行业专题报告：摩托车行业2025年1-7月数据更新（推荐）*机械设备* 张钰莹》——2025-08-17 《机器人行业专题报告：人形机器人产业变革与投资机遇——基于政策驱动及 产业进展维度（推荐）*机械设备*张钰莹》——2025-07-24 《机械行业专题报告：摩托车行业2025年6月海关数据更新（推荐）*机械设 备*张钰莹》——2025-07-21

家电行业：内销继续受益国补和高温，市场更偏科技消费－月度动态跟踪-银河证券

景气维度，全基站价格下拓叠加国补有力拉动，2024A&2025H1 内销增长更多由销量驱动，景 气度优异；外销或亦正进入全基站价格下拓的行业红利期，增长持续性较强。格局维度，内销 产品仍然体现出差异化竞争空间，科沃斯活水洗地产品快速渗透，头部厂商有望跟进；外销边 际来看石头 Prime Day 后价盘稳健，科沃斯产品评分有所提升。基于此推荐经营有望向好的扫 地机器人龙头：石头科技（区域延展&价位拓宽&洗地机放量拉动规模延续增长，Q3 起业绩基 数走低&洗地机+洗衣机盈利改善）；科沃斯（产品力提升带动内外销增长，盈利进入改善通道）。

中国电子行业：联想2025创新开放日，AI PC+智能体+智算平台，全栈布局驱动长期增长

Sports equipment refers to the gear, tools, and accessories used in various sports and physical activities to enhance performance, ensure safety, and improve training. It includes items such as balls, bats, racquets, protective gear, fitness machines, and apparel tailored for specific sports.

The global toilet industry has experienced remarkable advances in recent years, particularly with the rise of smart toilets, which stand out as one of the most innovative developments in home technology. As modern life becomes increasingly intertwined with digital solutions, consumers are placing a higher value on convenience, hygiene, and efficiency in their home appliances.

低空经济发展中，中美两国领先态势明显。美国凭借强大的通用航空产业及附属行业，积累了丰富经验，在航线规划、飞行器设计等关键领域占据优势。而中国在通用航空与无人机领域同样具备强劲竞争力，拥有完整制造业体系，无人机研发设计、装备制造等环节全球领先。中国低空经济发展展现出后发优势，能快速铺开适配低空”飞行特点的基础设施。日韩及欧盟国家也培育出一批专注于特定行业的无人机企业。自2021年《国家综合立体交通网规划纲要》首次提出“发展低空经济”以来，中国支持无人机发展的政。

机器人解决方案带来供应链效率提升，物料搬运有望迎来智能化重塑仓储自动化不仅是物料存储和搬运的自动化，更是企业打通生产、仓储与配送各环节的信息与物料流通瓶颈，推动全流程高度协同与无人化发展。数字化不仅让企业对自身供应链更有把握，也更加了解客户需求，更有针对性的为客户提供适配的产品和服务。据中国仓储协会数据，企业平均每年在仓储环节的投入占总运营成本的 18-25%，因此机器人解决方案在下游客户追求企业效率提升和降本下有望持续提升渗透率。但同时由于仓储覆盖的行业和环节众多，因此智能仓储解决方案的参与者较多，我们重点看好研发+制造+渠道能力三者协同发展的企业发展机遇。

Wet gas meters are specialized flow meters designed to measure the flow rate of wet gas, which is a gas that contains a small amount of liquid. These meters are crucial in industries like natural gas production, where accurate measurement of gas flow is essential despite the presence of liquid.

Residential robotic vacuum cleaners are robots that perform cleaning tasks by using suction power and brushes. They are capable of cleaning floors and wall corners and can also mop the floor. Residential robotic vacuum cleaners can be used to clean floors, pools, gutters, windows, and lawns.