538 lines
27 KiB
HTML
538 lines
27 KiB
HTML
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<!DOCTYPE html>
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<html lang="zh-CN" data-theme="dark">
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<head>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>乐聚机器人 - 人形机器人产业链核心标的深度解析</title>
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.4.19/dist/full.min.css" rel="stylesheet" type="text/css" />
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<link href="https://cdn.jsdelivr.net/npm/tailwindcss@2.2.19/dist/tailwind.min.css" rel="stylesheet">
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<link href="https://cdn.jsdelivr.net/npm/@fortawesome/fontawesome-free@6.5.1/css/all.min.css" rel="stylesheet">
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<script src="https://cdn.tailwindcss.com"></script>
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<script src="https://cdn.jsdelivr.net/npm/chart.js"></script>
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<style>
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@keyframes float {
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0%, 100% { transform: translateY(0px); }
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50% { transform: translateY(-10px); }
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}
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.float-animation {
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animation: float 3s ease-in-out infinite;
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}
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.timeline-line {
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background: linear-gradient(180deg, #3b82f6 0%, #8b5cf6 100%);
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}
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.glass-effect {
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background: rgba(255, 255, 255, 0.05);
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backdrop-filter: blur(10px);
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border: 1px solid rgba(255, 255, 255, 0.1);
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}
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.gradient-text {
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background: linear-gradient(135deg, #667eea 0%, #764ba2 100%);
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-webkit-background-clip: text;
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-webkit-text-fill-color: transparent;
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background-clip: text;
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}
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.card-hover {
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transition: all 0.3s ease;
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}
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.card-hover:hover {
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transform: translateY(-5px);
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box-shadow: 0 20px 40px rgba(0, 0, 0, 0.3);
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}
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.table-responsive {
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overflow-x: auto;
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-webkit-overflow-scrolling: touch;
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}
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@media (max-width: 640px) {
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.table-responsive table {
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font-size: 12px;
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}
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}
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</style>
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</head>
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<body class="bg-gray-900 text-gray-100">
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<!-- Hero Section -->
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<div class="hero min-h-screen bg-gradient-to-br from-blue-900 via-purple-900 to-pink-900">
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<div class="hero-content flex-col lg:flex-row-reverse">
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<div class="text-center lg:text-left p-8">
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<div class="badge badge-info mb-4">人形机器人 · 具身智能 · 华为生态</div>
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<h1 class="text-5xl font-bold gradient-text mb-6">乐聚机器人</h1>
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<p class="text-xl mb-8">从"实验室"走向"生产线"的关键样本</p>
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<div class="flex flex-wrap gap-4 mb-8">
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<div class="stat bg-blue-800 bg-opacity-50 rounded-lg p-4">
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<div class="stat-title">Pre-IPO融资</div>
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<div class="stat-value text-2xl">15亿元</div>
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</div>
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<div class="stat bg-purple-800 bg-opacity-50 rounded-lg p-4">
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<div class="stat-title">2025交付目标</div>
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<div class="stat-value text-2xl">1000-2000台</div>
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</div>
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<div class="stat bg-pink-800 bg-opacity-50 rounded-lg p-4">
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<div class="stat-title">合作场景</div>
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<div class="stat-value text-2xl">4大场景</div>
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</div>
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</div>
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</div>
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<div class="card glass-effect p-8 max-w-md float-animation">
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<img src="https://picsum.photos/seed/leju-robot/400/300.jpg" alt="乐聚机器人" class="rounded-xl mb-4">
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<div class="card-body p-0">
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<h2 class="card-title">KUAVO夸父人形机器人</h2>
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<p>国内首款具备跳跃能力、首款实现产业化落地、首款搭载鸿蒙操作系统的全尺寸人形机器人</p>
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<div class="card-actions justify-end">
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<div class="badge badge-outline">鸿蒙OS</div>
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<div class="badge badge-outline">盘古大模型</div>
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<div class="badge badge-outline">5G-A</div>
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</div>
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</div>
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</div>
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</div>
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</div>
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<!-- 核心逻辑 -->
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<div class="container mx-auto px-4 py-16">
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<h2 class="text-4xl font-bold text-center mb-12 gradient-text">核心驱动逻辑</h2>
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<div class="grid md:grid-cols-2 gap-8">
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<div class="card bg-gradient-to-br from-blue-800 to-blue-600 p-8 card-hover">
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<div class="card-body">
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<h3 class="text-2xl font-bold mb-4">
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<i class="fas fa-microchip mr-2"></i>技术自研（硬实力）
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</h3>
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<ul class="space-y-3">
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-400 mt-1 mr-2"></i>
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<span>高韧性强扭矩复合材料舵机（国内首创）</span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-400 mt-1 mr-2"></i>
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<span>高性能模块化驱动单元（高密度、抗过载）</span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-400 mt-1 mr-2"></i>
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<span>基于全身动力学的步态算法</span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-400 mt-1 mr-2"></i>
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<span>"羲和"机器人操作系统（国产化）</span>
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</li>
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</ul>
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</div>
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</div>
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<div class="card bg-gradient-to-br from-purple-800 to-purple-600 p-8 card-hover">
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<div class="card-body">
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<h3 class="text-2xl font-bold mb-4">
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<i class="fas fa-network-wired mr-2"></i>生态赋能（软实力）
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</h3>
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<ul class="space-y-3">
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-400 mt-1 mr-2"></i>
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<span>华为鸿蒙OS（解决互联互通）</span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-400 mt-1 mr-2"></i>
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<span>华为盘古大模型（提供认知大脑）</span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-400 mt-1 mr-2"></i>
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<span>5G-A技术（低延迟高可靠）</span>
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</li>
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<li class="flex items-start">
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<i class="fas fa-check-circle text-green-400 mt-1 mr-2"></i>
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<span>开源鸿蒙生态共享</span>
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</li>
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</ul>
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</div>
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</div>
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</div>
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</div>
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<!-- 发展时间线 -->
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<div class="bg-gray-800 py-16">
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<div class="container mx-auto px-4">
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<h2 class="text-4xl font-bold text-center mb-12 gradient-text">发展历程</h2>
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<div class="relative">
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<div class="absolute left-1/2 transform -translate-x-1/2 w-1 h-full timeline-line"></div>
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<div class="mb-8 flex items-center w-full">
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<div class="w-5/12 text-right pr-8">
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<div class="glass-effect p-4 rounded-lg">
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<h3 class="font-bold text-lg">2016年</h3>
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<p>公司成立，第一代仿人机器人AELOS上市</p>
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</div>
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</div>
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<div class="w-2/12 flex justify-center">
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<div class="w-12 h-12 bg-blue-500 rounded-full flex items-center justify-center text-white font-bold">
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1
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</div>
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</div>
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<div class="w-5/12"></div>
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</div>
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<div class="mb-8 flex items-center w-full">
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<div class="w-5/12"></div>
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<div class="w-2/12 flex justify-center">
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<div class="w-12 h-12 bg-purple-500 rounded-full flex items-center justify-center text-white font-bold">
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2
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</div>
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</div>
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<div class="w-5/12 pl-8">
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<div class="glass-effect p-4 rounded-lg">
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<h3 class="font-bold text-lg">2018年</h3>
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<p>亮相平昌冬奥会"北京8分钟"</p>
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</div>
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</div>
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</div>
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<div class="mb-8 flex items-center w-full">
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<div class="w-5/12 text-right pr-8">
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<div class="glass-effect p-4 rounded-lg">
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<h3 class="font-bold text-lg">2023年</h3>
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<p>发布高动态全尺寸人形机器人KUAVO</p>
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</div>
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</div>
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<div class="w-2/12 flex justify-center">
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<div class="w-12 h-12 bg-pink-500 rounded-full flex items-center justify-center text-white font-bold">
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3
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</div>
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</div>
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<div class="w-5/12"></div>
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</div>
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<div class="mb-8 flex items-center w-full">
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<div class="w-5/12"></div>
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<div class="w-2/12 flex justify-center">
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<div class="w-12 h-12 bg-green-500 rounded-full flex items-center justify-center text-white font-bold">
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4
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</div>
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</div>
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<div class="w-5/12 pl-8">
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<div class="glass-effect p-4 rounded-lg">
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<h3 class="font-bold text-lg">2024年</h3>
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<p>江苏省首条人形机器人产线启动（年产200台）</p>
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</div>
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</div>
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</div>
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<div class="mb-8 flex items-center w-full">
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<div class="w-5/12 text-right pr-8">
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<div class="glass-effect p-4 rounded-lg">
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<h3 class="font-bold text-lg">2025年</h3>
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<p>完成15亿元Pre-IPO融资，更名股份公司</p>
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</div>
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</div>
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<div class="w-2/12 flex justify-center">
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<div class="w-12 h-12 bg-yellow-500 rounded-full flex items-center justify-center text-white font-bold">
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5
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</div>
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</div>
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<div class="w-5/12"></div>
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</div>
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</div>
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</div>
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</div>
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<!-- 商业化进展 -->
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<div class="container mx-auto px-4 py-16">
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<h2 class="text-4xl font-bold text-center mb-12 gradient-text">商业化落地进展</h2>
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<div class="grid md:grid-cols-3 gap-8">
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<div class="stat bg-gradient-to-br from-blue-700 to-blue-500 p-6 rounded-xl text-center">
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<div class="stat-figure text-primary">
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<i class="fas fa-industry text-5xl"></i>
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</div>
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<div class="stat-title">工业场景</div>
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<div class="stat-value text-3xl">一汽红旗、蔚来</div>
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<div class="stat-desc">2025年已交付上百台</div>
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</div>
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<div class="stat bg-gradient-to-br from-purple-700 to-purple-500 p-6 rounded-xl text-center">
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<div class="stat-figure text-secondary">
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<i class="fas fa-graduation-cap text-5xl"></i>
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</div>
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<div class="stat-title">教育场景</div>
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<div class="stat-value text-3xl">4000+</div>
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<div class="stat-desc">学校机构覆盖</div>
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</div>
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<div class="stat bg-gradient-to-br from-green-700 to-green-500 p-6 rounded-xl text-center">
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<div class="stat-figure text-accent">
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<i class="fas fa-truck text-5xl"></i>
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</div>
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<div class="stat-title">物流场景</div>
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<div class="stat-value text-3xl">Fluvo</div>
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<div class="stat-desc">医院物流机器人</div>
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</div>
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</div>
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</div>
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<!-- 产业链图谱 -->
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<div class="bg-gray-800 py-16">
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<div class="container mx-auto px-4">
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<h2 class="text-4xl font-bold text-center mb-12 gradient-text">产业链核心公司</h2>
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<div class="alert alert-info mb-8">
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<i class="fas fa-info-circle mr-2"></i>
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<span>以下数据基于工商信息、公告和新闻报道整理</span>
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</div>
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<div class="overflow-x-auto table-responsive">
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<table class="table w-full text-gray-100">
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<thead>
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<tr class="bg-gray-700">
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<th>股票代码</th>
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<th>关联类型</th>
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<th>具体内容</th>
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<th>信息来源</th>
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<th>重要性</th>
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</tr>
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</thead>
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<tbody>
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<tr class="hover:bg-gray-700">
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<td class="font-bold text-blue-400">东方精工</td>
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<td><span class="badge badge-primary">直接持股</span></td>
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<td>直接持股乐聚机器人6.83%</td>
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<td>工商登记</td>
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<td><div class="rating rating-sm">
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<input type="radio" name="rating-1" class="mask mask-star-2 bg-orange-400" checked disabled />
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</div></td>
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</tr>
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<tr class="hover:bg-gray-700">
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<td class="font-bold text-blue-400">东方精工</td>
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<td><span class="badge badge-secondary">战略合作</span></td>
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<td>生产制造、场景拓展、业务推广全方位合作</td>
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<td>公司公告</td>
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<td><div class="rating rating-sm">
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<input type="radio" name="rating-2" class="mask mask-star-2 bg-orange-400" checked disabled />
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</div></td>
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</tr>
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<tr class="hover:bg-gray-700">
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<td class="font-bold text-blue-400">东方精工</td>
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<td><span class="badge badge-accent">合资公司</span></td>
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<td>和聚智控(东方精工60%)、东方元启智能机器人</td>
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<td>工商/互动</td>
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<td><div class="rating rating-sm">
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<input type="radio" name="rating-3" class="mask mask-star-2 bg-orange-400" checked disabled />
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</div></td>
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</tr>
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<tr class="hover:bg-gray-700">
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<td class="font-bold text-green-400">蓝黛科技</td>
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<td><span class="badge badge-warning">传闻供应</span></td>
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<td>独家供应关节模组(传闻5-10万套/年)</td>
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<td>市场传闻</td>
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<td><div class="rating rating-sm">
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<input type="radio" name="rating-4" class="mask mask-star-2 bg-yellow-400" checked disabled />
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</div></td>
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</tr>
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<tr class="hover:bg-gray-700">
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<td class="font-bold text-green-400">蓝黛科技</td>
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<td><span class="badge badge-accent">合资公司</span></td>
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<td>无锡泉智博科技(蓝黛4.35%、乐聚4.96%)</td>
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<td>公司公告</td>
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<td><div class="rating rating-sm">
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<input type="radio" name="rating-5" class="mask mask-star-2 bg-orange-400" checked disabled />
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</div></td>
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</tr>
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<tr class="hover:bg-gray-700">
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<td class="font-bold text-purple-400">富佳股份</td>
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<td><span class="badge badge-info">代工合作</span></td>
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<td>控股子公司为乐聚代工各类线路板</td>
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<td>互动平台</td>
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<td><div class="rating rating-sm">
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<input type="radio" name="rating-6" class="mask mask-star-2 bg-blue-400" checked disabled />
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</div></td>
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</tr>
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<tr class="hover:bg-gray-700">
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<td class="font-bold text-purple-400">豪森智能</td>
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<td><span class="badge badge-secondary">战略合作</span></td>
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<td>聚焦工业场景"具身智能技术协同与产业落地"</td>
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<td>乐聚公众号</td>
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<td><div class="rating rating-sm">
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<input type="radio" name="rating-7" class="mask mask-star-2 bg-blue-400" checked disabled />
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</div></td>
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</tr>
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<tr class="hover:bg-gray-700">
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<td class="font-bold text-purple-400">海晨股份</td>
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<td><span class="badge badge-secondary">战略合作</span></td>
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<td>围绕智能物流机器人、自动化仓储系统合作</td>
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<td>互动平台</td>
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<td><div class="rating rating-sm">
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<input type="radio" name="rating-8" class="mask mask-star-2 bg-blue-400" checked disabled />
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</div></td>
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</tr>
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<tr class="hover:bg-gray-700">
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<td class="font-bold text-yellow-400">和而泰</td>
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<td><span class="badge badge-accent">合资公司</span></td>
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<td>深圳和聚智控(和而泰60%、东方精工15%、乐聚15%)</td>
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<td>工商/互动</td>
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<td><div class="rating rating-sm">
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<input type="radio" name="rating-9" class="mask mask-star-2 bg-orange-400" checked disabled />
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</div></td>
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</tr>
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<tr class="hover:bg-gray-700">
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<td class="font-bold text-pink-400">中国移动</td>
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<td><span class="badge badge-success">产品合作</span></td>
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<td>联合发布全球首款5G-A具身智能机器人"夸父"</td>
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<td>新闻</td>
|
||
<td><div class="rating rating-sm">
|
||
<input type="radio" name="rating-10" class="mask mask-star-2 bg-blue-400" checked disabled />
|
||
</div></td>
|
||
</tr>
|
||
<tr class="hover:bg-gray-700">
|
||
<td class="font-bold text-pink-400">海尔智家</td>
|
||
<td><span class="badge badge-success">产品合作</span></td>
|
||
<td>联合开发国内首款家庭服务人形机器人</td>
|
||
<td>互动/新闻</td>
|
||
<td><div class="rating rating-sm">
|
||
<input type="radio" name="rating-11" class="mask mask-star-2 bg-blue-400" checked disabled />
|
||
</div></td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 风险分析 -->
|
||
<div class="container mx-auto px-4 py-16">
|
||
<h2 class="text-4xl font-bold text-center mb-12 gradient-text">潜在风险与挑战</h2>
|
||
<div class="space-y-6">
|
||
<div class="alert alert-warning">
|
||
<i class="fas fa-exclamation-triangle mr-2"></i>
|
||
<div>
|
||
<h3 class="font-bold text-lg mb-2">技术风险</h3>
|
||
<p>具身智能的终极实现依赖于AI大模型在物理世界中的泛化能力，机器人面对非结构化环境的自主决策能力仍是巨大挑战</p>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="alert alert-error">
|
||
<i class="fas fa-bomb mr-2"></i>
|
||
<div>
|
||
<h3 class="font-bold text-lg mb-2">商业化风险</h3>
|
||
<p>全尺寸机器人当前售价"大几十万"，降至工业场景可接受的20-30万需要漫长的供应链成熟过程</p>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="alert alert-info">
|
||
<i class="fas fa-users mr-2"></i>
|
||
<div>
|
||
<h3 class="font-bold text-lg mb-2">竞争风险</h3>
|
||
<p>人形机器人已成为全球科技竞争焦点，特斯拉、优必选等巨头纷纷入局，技术迭代和价格战可能随时爆发</p>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="alert">
|
||
<i class="fas fa-question-circle mr-2"></i>
|
||
<div>
|
||
<h3 class="font-bold text-lg mb-2">信息交叉验证风险</h3>
|
||
<p>蓝黛科技关节模组独家供应的市场传言与公司官方模糊回应存在矛盾，需警惕基于未经证实信息的市场炒作</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 投资启示 -->
|
||
<div class="bg-gradient-to-br from-blue-900 to-purple-900 py-16">
|
||
<div class="container mx-auto px-4">
|
||
<h2 class="text-4xl font-bold text-center mb-12 text-white">投资启示</h2>
|
||
<div class="grid md:grid-cols-3 gap-8">
|
||
<div class="card glass-effect p-6">
|
||
<div class="card-body">
|
||
<h3 class="card-title text-2xl mb-4">
|
||
<i class="fas fa-crown text-yellow-400 mr-2"></i>最纯粹标的
|
||
</h3>
|
||
<p class="mb-4">东方精工通过股权+制造双绑定，深度分享乐聚成长红利</p>
|
||
<div class="badge badge-warning">高风险高收益</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="card glass-effect p-6">
|
||
<div class="card-body">
|
||
<h3 class="card-title text-2xl mb-4">
|
||
<i class="fas fa-shield-alt text-blue-400 mr-2"></i>稳健选择
|
||
</h3>
|
||
<p class="mb-4">布局为所有机器人厂商提供核心零部件的"卖铲人"</p>
|
||
<div class="badge badge-info">中风险中收益</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="card glass-effect p-6">
|
||
<div class="card-body">
|
||
<h3 class="card-title text-2xl mb-4">
|
||
<i class="fas fa-rocket text-green-400 mr-2"></i>场景落地
|
||
</h3>
|
||
<p class="mb-4">豪森智能、海晨股份等将机器人转化为客户愿意付费的解决方案</p>
|
||
<div class="badge badge-success">确定性较高</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="mt-12 text-center">
|
||
<p class="text-xl text-white mb-4">关键跟踪指标</p>
|
||
<div class="flex flex-wrap justify-center gap-4">
|
||
<div class="badge badge-outline badge-lg">季度交付量</div>
|
||
<div class="badge badge-outline badge-lg">ASP变化趋势</div>
|
||
<div class="badge badge-outline badge-lg">IPO招股书</div>
|
||
<div class="badge badge-outline badge-lg">供应链验证</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- Footer -->
|
||
<footer class="footer footer-center p-10 bg-gray-900 text-base-content">
|
||
<div>
|
||
<p class="font-bold">
|
||
乐聚机器人概念分析报告
|
||
<br class="hidden sm:inline"/>数据来源：新闻、路演、Insight综合整理
|
||
</p>
|
||
<p>Copyright © 2024 - All right reserved</p>
|
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|
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<a><i class="fab fa-twitter text-2xl"></i></a>
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</footer>
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