Files
vf_react/public/htmls/赛力斯机器人.html
2025-12-05 13:29:18 +08:00

476 lines
29 KiB
HTML
Raw Blame History

This file contains ambiguous Unicode characters

This file contains Unicode characters that might be confused with other characters. If you think that this is intentional, you can safely ignore this warning. Use the Escape button to reveal them.

<!DOCTYPE html>
<html lang="zh-CN" data-theme="seres_dark">
<head>
<meta charset="UTF-8">
<meta name="viewport" content="width=device-width, initial-scale=1.0">
<title>赛力斯机器人 - 概念深度投研</title>
<script src="https://cdn.jsdelivr.net/npm/alpinejs@3.13.10/dist/cdn.min.js" defer></script>
<script src="https://cdn.jsdelivr.net/npm/echarts@5.5.0/dist/echarts.min.js"></script>
<link href="https://cdn.jsdelivr.net/npm/daisyui@4.11.1/dist/full.min.css" rel="stylesheet" type="text/css" />
<script src="https://cdn.tailwindcss.com"></script>
<style>
@import url('https://fonts.googleapis.com/css2?family=Noto+Sans+SC:wght@300;400;500;700&display=swap');
body {
font-family: 'Noto Sans SC', sans-serif;
background-color: #000110;
color: #E0E0E8;
overflow-x: hidden;
position: relative;
}
body::before {
content: '';
position: fixed;
top: 0;
left: 0;
right: 0;
bottom: 0;
background-image:
radial-gradient(circle at 15% 25%, rgba(66, 153, 225, 0.15) 0%, transparent 40%),
radial-gradient(circle at 85% 75%, rgba(128, 90, 213, 0.15) 0%, transparent 40%);
background-attachment: fixed;
z-index: -1;
animation: background-pan 20s linear infinite;
}
@keyframes background-pan {
0% { background-position: 0% 0%; }
50% { background-position: 100% 100%; }
100% { background-position: 0% 0%; }
}
.glass-card {
background: rgba(10, 10, 25, 0.5);
backdrop-filter: blur(24px) saturate(180%);
border: 1px solid rgba(255, 255, 255, 0.1);
transition: all 0.3s ease;
}
.glass-card:hover {
background: rgba(10, 10, 25, 0.6);
border: 1px solid rgba(255, 255, 255, 0.2);
transform: translateY(-4px);
box-shadow: 0 0 30px rgba(128, 90, 213, 0.2);
}
.gradient-text {
background: linear-gradient(90deg, #A78BFA, #3B82F6);
-webkit-background-clip: text;
-webkit-text-fill-color: transparent;
}
.glow-border {
position: relative;
}
.glow-border::before {
content: '';
position: absolute;
inset: -1px;
border-radius: inherit;
background: linear-gradient(120deg, rgba(66, 153, 225, 0.6), rgba(128, 90, 213, 0.6));
z-index: -1;
filter: blur(8px);
opacity: 0;
transition: opacity 0.3s ease;
}
.glass-card:hover .glow-border::before {
opacity: 0.75;
}
.timeline-item::before {
content: '';
position: absolute;
left: 11px;
top: 28px;
bottom: -28px;
width: 2px;
background-color: rgba(255, 255, 255, 0.15);
}
.timeline .timeline-item:last-child::before {
display: none;
}
th, td {
border-color: rgba(255, 255, 255, 0.1) !important;
}
</style>
</head>
<body>
<div class="container mx-auto px-4 py-12 md:py-20">
<!-- Header -->
<header class="text-center mb-16 md:mb-24">
<h1 class="text-4xl md:text-6xl font-bold tracking-tighter mb-4">
<span class="gradient-text">赛力斯机器人</span>
<span class="text-slate-300">概念深度投研</span>
</h1>
<p class="text-lg md:text-xl text-slate-400 max-w-3xl mx-auto">
从汽车主业到具身智能的战略延伸,探寻赛力斯的第二成长曲线与万亿机器人市场的未来图景。
</p>
</header>
<main class="space-y-16 md:space-y-24">
<!-- Insight Core Thesis -->
<section id="insight-core">
<div class="glass-card rounded-3xl p-8 md:p-12 glow-border">
<h2 class="text-2xl md:text-3xl font-bold mb-6 flex items-center">
<svg xmlns="http://www.w3.org/2000/svg" class="h-8 w-8 mr-3 text-indigo-400" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M13 10V3L4 14h7v7l9-11h-7z" /></svg>
核心观点摘要
</h2>
<p class="text-base md:text-lg text-slate-300 leading-relaxed">
赛力斯机器人概念正处于<strong class="font-semibold text-white">从“战略布局”向“预期验证”过渡的关键阶段</strong>。其核心驱动力是<strong class="font-semibold text-white">公司自身制造优势、重庆市政府的产业推动与未来复刻“赛力斯-华为”汽车合作模式的巨大想象空间</strong>的结合体。当前市场情绪高度乐观,但已显著领先于公司官方披露的实际进展,存在明显的<strong class="font-semibold text-white">预期差</strong>,未来概念的走向将高度依赖于首款原型产品的发布及商业化路径的清晰化。
</p>
</div>
</section>
<!-- Key Timeline -->
<section id="timeline">
<h2 class="text-3xl md:text-4xl font-bold text-center mb-12">概念演进时间轴</h2>
<div class="timeline max-w-3xl mx-auto">
<div class="timeline-item relative pl-8 pb-12">
<div class="absolute left-0 top-0 flex items-center justify-center w-6 h-6 bg-blue-500 rounded-full ring-4 ring-blue-500/30">
<svg class="w-3 h-3 text-white" fill="currentColor" viewBox="0 0 20 20"><path d="M6 2a1 1 0 00-1 1v1H4a2 2 0 00-2 2v10a2 2 0 002 2h12a2 2 0 002-2V6a2 2 0 00-2-2h-1V3a1 1 0 10-2 0v1H7V3a1 1 0 00-1-1zm0 5a1 1 0 000 2h8a1 1 0 100-2H6z" /></svg>
</div>
<div class="ml-4">
<time class="text-sm font-semibold text-blue-400">2023年12月29日</time>
<h3 class="text-lg font-bold text-white mt-1">战略奠基</h3>
<p class="text-slate-400 mt-1">与重庆国资合资成立<strong class="text-slate-200">重庆赛力斯凤凰智创科技有限公司</strong>注册资本12.2亿元,官方确认为机器人业务主体。</p>
</div>
</div>
<div class="timeline-item relative pl-8 pb-12">
<div class="absolute left-0 top-0 flex items-center justify-center w-6 h-6 bg-blue-500 rounded-full ring-4 ring-blue-500/30">
<svg class="w-3 h-3 text-white" fill="currentColor" viewBox="0 0 20 20"><path fill-rule="evenodd" d="M4 2a2 2 0 00-2 2v12a2 2 0 002 2h12a2 2 0 002-2V4a2 2 0 00-2-2H4zm3.293 11.293a1 1 0 001.414 0L10 11.414l1.293 1.293a1 1 0 101.414-1.414L11.414 10l1.293-1.293a1 1 0 00-1.414-1.414L10 8.586 8.707 7.293a1 1 0 00-1.414 1.414L8.586 10l-1.293 1.293a1 1 0 000 1.414z" clip-rule="evenodd" /></svg>
</div>
<div class="ml-4">
<time class="text-sm font-semibold text-blue-400">2024年9月 - 10月</time>
<h3 class="text-lg font-bold text-white mt-1">品牌启动</h3>
<p class="text-slate-400 mt-1">申请注册“<strong class="text-slate-200">ROBOREX</strong>”商标并获受理,标志着品牌化运作开始。</p>
</div>
</div>
<div class="timeline-item relative pl-8 pb-12">
<div class="absolute left-0 top-0 flex items-center justify-center w-6 h-6 bg-purple-500 rounded-full ring-4 ring-purple-500/30">
<svg class="w-3 h-3 text-white" fill="currentColor" viewBox="0 0 20 20"><path fill-rule="evenodd" d="M18 10a8 8 0 11-16 0 8 8 0 0116 0zm-7-4a1 1 0 11-2 0 1 1 0 012 0zM9 9a1 1 0 000 2v3a1 1 0 001 1h1a1 1 0 100-2v-3a1 1 0 00-1-1H9z" clip-rule="evenodd" /></svg>
</div>
<div class="ml-4">
<time class="text-sm font-semibold text-purple-400">2025年1月 - 2月</time>
<h3 class="text-lg font-bold text-white mt-1">预期升温</h3>
<p class="text-slate-400 mt-1">市场传闻密集出现涉及“内部汇报”、“春节后公布”、“出货目标2000台”同时赛力斯申请“<strong class="text-slate-200">赛力斯机器猿</strong>”等商标。</p>
</div>
</div>
<div class="timeline-item relative pl-8 pb-12">
<div class="absolute left-0 top-0 flex items-center justify-center w-6 h-6 bg-blue-500 rounded-full ring-4 ring-blue-500/30">
<svg class="w-3 h-3 text-white" fill="currentColor" viewBox="0 0 20 20"><path d="M10.707 2.293a1 1 0 00-1.414 0l-7 7a1 1 0 001.414 1.414L4 10.414V17a1 1 0 001 1h2a1 1 0 001-1v-2a1 1 0 011-1h2a1 1 0 011 1v2a1 1 0 001 1h2a1 1 0 001-1v-6.586l.293.293a1 1 0 001.414-1.414l-7-7z" /></svg>
</div>
<div class="ml-4">
<time class="text-sm font-semibold text-blue-400">2025年3月</time>
<h3 class="text-lg font-bold text-white mt-1">产学研深化</h3>
<p class="text-slate-400 mt-1">与北航合资成立<strong class="text-slate-200">北京赛航具身智能</strong>,并公开招聘“具身智能大模型工程师”。</p>
</div>
</div>
<div class="timeline-item relative pl-8 pb-0">
<div class="absolute left-0 top-0 flex items-center justify-center w-6 h-6 bg-purple-500 rounded-full ring-4 ring-purple-500/30">
<svg class="w-3 h-3 text-white" fill="currentColor" viewBox="0 0 20 20"><path fill-rule="evenodd" d="M10 18a8 8 0 100-16 8 8 0 000 16zm1-12a1 1 0 10-2 0v4a1 1 0 00.293.707l2.828 2.829a1 1 0 101.415-1.415L11 9.586V6z" clip-rule="evenodd" /></svg>
</div>
<div class="ml-4">
<time class="text-sm font-semibold text-purple-400">2025年5月</time>
<h3 class="text-lg font-bold text-white mt-1">预期白热化</h3>
<p class="text-slate-400 mt-1">市场传闻达顶峰出现“6月16日Demo”、“原型定型”、“产量上调至3500台”赛力斯官方再次降温称“以官方信息为准”。</p>
</div>
</div>
</div>
</section>
<!-- Data & Evidence (Bento Grid) -->
<section id="evidence">
<h2 class="text-3xl md:text-4xl font-bold text-center mb-12">多维数据透视</h2>
<div class="grid grid-cols-1 md:grid-cols-2 lg:grid-cols-3 gap-6">
<!-- Official Actions -->
<div class="glass-card rounded-3xl p-6 glow-border md:col-span-2">
<h3 class="font-bold text-xl mb-4 text-white">官方布局:实体与品牌先行</h3>
<ul class="space-y-3 text-slate-300">
<li class="flex items-start"><span class="text-blue-400 mr-2"></span><span><strong>凤凰智创 (2023.12)</strong>: 与重庆国资合资成立注册资本12.2亿元,承接机器人业务。</span></li>
<li class="flex items-start"><span class="text-blue-400 mr-2"></span><span><strong>赛航具身智能 (2025.03)</strong>: 与北航合资,聚焦智能机器人研发、销售。</span></li>
<li class="flex items-start"><span class="text-blue-400 mr-2"></span><span><strong>商标注册</strong>: 申请“ROBOREX”、“赛力斯机器猿”、“机器猿”、“机械启猿”等商标覆盖科学仪器、运输工具等。</span></li>
<li class="flex items-start"><span class="text-blue-400 mr-2"></span><span><strong>人才招聘 (2025.03)</strong>: 春招岗位出现“具身智能大模型工程师”,储备核心技术人才。</span></li>
</ul>
</div>
<!-- Manufacturing Capability -->
<div class="glass-card rounded-3xl p-6 glow-border flex flex-col justify-center items-center text-center">
<h3 class="font-bold text-xl mb-2 text-white">制造基因复用</h3>
<p class="text-5xl font-bold gradient-text">5,000+</p>
<p class="text-slate-400 mt-2">台机器人已部署于赛力斯智慧工厂,具备领先的智能制造和大规模量产经验。</p>
</div>
<!-- Market Rumors: Production -->
<div class="glass-card rounded-3xl p-6 glow-border">
<h3 class="font-bold text-xl mb-4 text-white">市场传闻:量产预期</h3>
<div class="stats stats-vertical bg-transparent text-white w-full">
<div class="stat">
<div class="stat-title text-slate-400">2025年产量目标</div>
<div class="stat-value text-purple-400">2,000 ~ 3,500 台</div>
<div class="stat-desc text-slate-500">多个市场传闻版本</div>
</div>
<div class="stat">
<div class="stat-title text-slate-400">2026年上半年产量</div>
<div class="stat-value text-purple-400">~6,500 台</div>
<div class="stat-desc text-slate-500">据传闻目标上调后</div>
</div>
</div>
<p class="text-xs text-slate-500 mt-4">*注:以上数据均来自市场传闻,未经官方证实,存在较大不确定性。</p>
</div>
<!-- Valuation Insight -->
<div class="glass-card rounded-3xl p-6 glow-border md:col-span-2">
<h3 class="font-bold text-xl mb-4 text-white">估值逻辑:第二成长曲线</h3>
<div class="flex flex-col md:flex-row gap-4">
<div class="flex-1">
<p class="text-slate-300 leading-relaxed mb-4">路演与研报普遍将机器人业务视为赛力斯估值重构的核心驱动力,采用分部估值法,将其作为独立的“第二增长曲线”进行定价。</p>
<ul class="space-y-2 text-sm">
<li class="flex items-center"><span class="badge badge-outline badge-primary mr-2">国联民生</span>机器人业务独立估值 400-500亿元</li>
<li class="flex items-center"><span class="badge badge-outline badge-secondary mr-2">中泰汽车</span>科技属性兑现估值中枢有望升至25倍PE</li>
<li class="flex items-center"><span class="badge badge-outline badge-accent mr-2">申万宏源</span>形成“车+机器人”双轮驱动</li>
</ul>
</div>
<div class="flex-1 min-h-[200px]" id="valuation-chart"></div>
</div>
</div>
</div>
</section>
<!-- Core Logic & Risks -->
<section id="logic-risks">
<div class="grid grid-cols-1 lg:grid-cols-2 gap-8">
<!-- Core Logic -->
<div class="glass-card rounded-3xl p-8 glow-border">
<h2 class="text-2xl font-bold mb-6 text-white">核心逻辑与市场认知</h2>
<div class="space-y-4 text-slate-300">
<div>
<h4 class="font-semibold text-white">1. 产业政策驱动与政府背书</h4>
<p class="text-sm">响应重庆市“新质生产力”政策号召,被列为机器人标杆企业,与国资成立合资公司,获得强大资源支持。</p>
</div>
<div>
<h4 class="font-semibold text-white">2. “车-人”技术与制造能力复用</h4>
<p class="text-sm">智慧工厂超5000台机器人、9000T一体化压铸技术等经验可复用至机器人量产智驾算法与机器人导航技术同源。</p>
</div>
<div>
<h4 class="font-semibold text-white">3. 对标特斯拉的“第二成长曲线”叙事</h4>
<p class="text-sm">市场将赛力斯机器人视为对标Optimus的全新增长点独立估值逻辑打开了市值想象空间。</p>
</div>
<div>
<h4 class="font-semibold text-white">4. 华为合作模式的远期想象</h4>
<p class="text-sm">尽管当前独立发展,但市场普遍预期未来有望复刻车端“华为智选”模式,由赛力斯造本体、华为赋能“大脑”。</p>
</div>
</div>
</div>
<!-- Risks and Challenges -->
<div class="glass-card rounded-3xl p-8 glow-border">
<h2 class="text-2xl font-bold mb-6 text-white">潜在风险与挑战</h2>
<ul class="space-y-4 text-slate-300">
<li class="flex items-start">
<div class="badge badge-error badge-outline mr-3 mt-1 text-sm">技术</div>
<p><strong class="text-white">核心零部件瓶颈:</strong> 市场传闻指关节模组稳定性为最大卡点,且高性能模组采购困难。</p>
</li>
<li class="flex items-start">
<div class="badge badge-warning badge-outline mr-3 mt-1 text-sm">商业化</div>
<p><strong class="text-white">成本高昂与场景模糊:</strong> 人形机器人成本是商业化主要障碍,除自家工厂外,外部应用场景和商业模式尚不清晰。</p>
</li>
<li class="flex items-start">
<div class="badge badge-info badge-outline mr-3 mt-1 text-sm">信息差</div>
<p><strong class="text-white">官方与市场的巨大鸿沟:</strong> 公司官方表态保守,屡次为市场传闻降温,而市场预期激进,存在预期被证伪的风险。</p>
</li>
<li class="flex items-start">
<div class="badge badge-accent badge-outline mr-3 mt-1 text-sm">竞争</div>
<p><strong class="text-white">竞争加剧:</strong> 特斯拉、小鹏等车企及众多AI创业公司均在布局行业竞争激烈赛力斯不具备绝对先发优势。</p>
</li>
</ul>
</div>
</div>
</section>
<!-- Stock List -->
<section id="stocks">
<h2 class="text-3xl md:text-4xl font-bold text-center mb-12">产业链核心标的分析</h2>
<div class="glass-card rounded-3xl overflow-hidden glow-border">
<div class="overflow-x-auto">
<table class="table text-base">
<thead>
<tr class="text-white text-base">
<th>股票名称</th>
<th>股票代码</th>
<th>核心逻辑 / 关联原因</th>
<th>标签</th>
</tr>
</thead>
<tbody>
<tr class="hover:bg-slate-800/50 transition-colors">
<td class="font-bold text-white">赛力斯</td>
<td><a href="https://valuefrontier.cn/company?scode=601127" target="_blank" class="link link-primary">601127</a></td>
<td>赛力斯机器人整机研制;重庆政府引导支持</td>
<td><div class="badge badge-primary badge-outline">本体</div></td>
</tr>
<tr class="hover:bg-slate-800/50 transition-colors">
<td class="font-bold text-white">拓普集团</td>
<td><a href="https://valuefrontier.cn/company?scode=601689" target="_blank" class="link link-primary">601689</a></td>
<td>关节总成</td>
<td><div class="badge badge-secondary badge-outline">零部件</div></td>
</tr>
<tr class="hover:bg-slate-800/50 transition-colors">
<td class="font-bold text-white">安培龙</td>
<td><a href="https://valuefrontier.cn/company?scode=301413" target="_blank" class="link link-primary">301413</a></td>
<td>力矩传感器</td>
<td><div class="badge badge-secondary badge-outline">零部件</div></td>
</tr>
<tr class="hover:bg-slate-800/50 transition-colors">
<td class="font-bold text-white">隆盛科技</td>
<td><a href="https://valuefrontier.cn/company?scode=300680" target="_blank" class="link link-primary">300680</a></td>
<td>灵巧手</td>
<td><div class="badge badge-secondary badge-outline">零部件</div></td>
</tr>
<tr class="hover:bg-slate-800/50 transition-colors">
<td class="font-bold text-white">豪能股份</td>
<td><a href="https://valuefrontier.cn/company?scode=603809" target="_blank" class="link link-primary">603809</a></td>
<td>减速器</td>
<td><div class="badge badge-accent badge-outline">川渝链</div></td>
</tr>
<tr class="hover:bg-slate-800/50 transition-colors">
<td class="font-bold text-white">富临精工</td>
<td><a href="https://valuefrontier.cn/company?scode=300432" target="_blank" class="link link-primary">300432</a></td>
<td>减速器和关节模组</td>
<td><div class="badge badge-accent badge-outline">川渝链</div></td>
</tr>
<tr class="hover:bg-slate-800/50 transition-colors">
<td class="font-bold text-white">瑞迪智驱</td>
<td><a href="https://valuefrontier.cn/company?scode=301596" target="_blank" class="link link-primary">301596</a></td>
<td>谐波减速器、离合器</td>
<td><div class="badge badge-accent badge-outline">川渝链</div></td>
</tr>
<tr class="hover:bg-slate-800/50 transition-colors">
<td class="font-bold text-white">蓝黛科技</td>
<td><a href="https://valuefrontier.cn/company?scode=002765" target="_blank" class="link link-primary">002765</a></td>
<td>减速器</td>
<td><div class="badge badge-accent badge-outline">川渝链</div></td>
</tr>
<tr class="hover:bg-slate-800/50 transition-colors">
<td class="font-bold text-white">美湖股份</td>
<td><a href="https://valuefrontier.cn/company?scode=603319" target="_blank" class="link link-primary">603319</a></td>
<td>投资美湖智造(重庆):谐波减速器、关节模组</td>
<td><div class="badge badge-accent badge-outline">川渝链</div></td>
</tr>
</tbody>
</table>
</div>
</div>
</section>
</main>
<!-- Footer -->
<footer class="mt-16 md:mt-24 pt-8 border-t border-slate-800 text-center text-slate-500 text-sm">
<p>北京价值前沿科技有限公司 AI投研agent“价小前投研” 进行投研呈现</p>
<p>本报告为AI合成数据投资需谨慎。</p>
</footer>
</div>
<script>
// Set DaisyUI custom theme
document.documentElement.setAttribute('data-theme', 'seres_dark');
// Define theme in a script tag to be applied on load
const style = document.createElement('style');
style.textContent = `
[data-theme="seres_dark"] {
--p: 91 75% 63%; /* primary - purple */
--pc: 255 255 255;
--s: 212 85% 58%; /* secondary - blue */
--sc: 255 255 255;
--a: 177 82% 64%; /* accent */
--ac: 0 0 0;
--n: 226 24% 15%; /* neutral */
--nc: 219 23% 86%;
--b1: 5 5% 10%; /* base-100 */
--bc: 219 23% 86%;
--in: 198 93% 60%;
--su: 174 100% 39%;
--wa: 43 96% 56%;
--er: 0 91% 71%;
}
`;
document.head.appendChild(style);
// ECharts Initialization
document.addEventListener('DOMContentLoaded', function () {
var chartDom = document.getElementById('valuation-chart');
var myChart = echarts.init(chartDom, null, { renderer: 'svg' });
var option;
option = {
tooltip: {
trigger: 'item',
backgroundColor: 'rgba(10, 10, 25, 0.7)',
borderColor: 'rgba(255, 255, 255, 0.2)',
textStyle: {
color: '#E0E0E8'
}
},
legend: {
top: '5%',
left: 'center',
textStyle: {
color: '#A0AEC0'
}
},
series: [
{
name: '估值构成 (亿元)',
type: 'pie',
radius: ['45%', '70%'],
avoidLabelOverlap: false,
itemStyle: {
borderRadius: 10,
borderColor: '#000110',
borderWidth: 4
},
label: {
show: false,
position: 'center'
},
emphasis: {
label: {
show: true,
fontSize: 20,
fontWeight: 'bold',
color: '#FFFFFF'
}
},
labelLine: {
show: false
},
data: [
{ value: 2200, name: '汽车及其他业务' },
{ value: 450, name: '机器人业务' },
],
color: ['#3B82F6', '#8B5CF6']
}
],
title: {
text: '目标总估值: ~2650亿',
subtext: '基于国联民生研报分部估值模型',
left: 'center',
bottom: '5%',
textStyle: {
color: '#E0E0E8',
fontSize: 14
},
subtextStyle: {
color: '#A0AEC0',
fontSize: 12
}
}
};
myChart.setOption(option);
window.addEventListener('resize', myChart.resize);
});
</script>
</body>
</html>