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Olympic president Thomas Bach urged by IOC members to extend term limit and seek 4 more years_我的网站

A |     7月21日午后，人形机器人概念股震荡反弹，征和工业（003033.SZ）涨停，鑫宏业（301310.SZ）、东微半导（688261.SH）、天准科技（688003.SH）均录得20CM涨停，欧科亿（688308.SH）、江苏北人（688218.SH）、扬杰科技（300373.SZ）、绿的谐波（688017.SH）等纷纷跟涨。    MUMBAI, India -- IOC president Thomas Bach was urged by its members on Sunday to change Olympic rules on term limits and seek four more years as president.Bach’s presidency is due to end in 2025 – a 12-year maximum agreed in anti-corruption reforms passed after the Salt Lake City bid scandal broke in the 1990s.However, citing the recent years of global crises, several of the 99 International Olympic Committee members opened their annual meeting Sunday suggesting they needed more of Bach's leadership that started in 2013.The Olympic movement needed “to go through this period of torment with a president who has proved his mettle,” African sports leader Mustapha Berraf said.“We really need to be able to rely on the leadership you have shown,” said IOC member Luis Mejia Oviedo of the Dominican Republic.Though Bach has never publicly sought a term limit-busting third mandate, the option has been spoken of in international sports circles since he was re-elected in 2021 at a meeting held remotely during the COVID-19 pandemic. The IOC gives its president a first term of eight years.“I cannot hide how that went straight to my heart,” Bach told IOC members of their praise at its annual meeting being held in Mumbai.Bach cautioned the presidential term limit is enshrined in the IOC’s book of rules and principles. “I’m very loyal to the Olympic Charter,” the German lawyer said. “Being a co-author of this Olympic Charter drives me to be even more loyal.”Extending Bach’s term would need a proposal submitted ahead of an annual meeting, known as the Session. The next is scheduled in July in Paris on the eve of the 2024 Summer Games.Only one IOC member has publicly spoken about a possible leadership bid: World Athletics president Sebastian Coe, a two-time Olympic champion in the 1,500 meters, head of the 2012 London Olympics organizing committee and a former elected lawmaker in the British parliament.Coe turns 70 in September 2026, the year his IOC membership should expire, and a 2025 election should be his only option.A diplomatically expressed counter to extending Bach’s term was suggested by gymnastics federation president Morinari Watanabe, who has been speculated as a possible IOC leadership candidate.“You guided us all that sports organizations must follow rules and have high integrity under good governance,” Watanabe suggested. “Sports demonstrate discipline and the spirit of fairness to society.”“I love you, Mr President Thomas Bach,” the Japanese official said, “because I believe you are a correct person.”Bach replied: “Thank you for your love.”—-AP Olympics: https://apnews.com/hub/2024-paris-olympic-games。         此番市场情绪回暖，由多重产业利好共同催化。政策端，近日国家地方共建人形机器人创新中心中试公共服务平台正式启用，该平台坐落于上海浦东张江机器人谷，构建研发试制、精密装配、全项测试、仓储交付一体化中试闭环，具备年产2000台整机、2000套核心精密组件能力。         产业落地层面，人形机器人在制造业产线的柔性作业能力持续得到验证。7月14日，小米技术发布小米机器人在小米汽车工厂的最新“实习”进展。机器人自攻螺母上件双侧作业成功率由90.2%提升至98%，新增的中控台侧盖板排序和料箱折叠回收任务成功率均达到90%，表明其正由单工站作业验证迈向多工站柔性操作及生产系统协同。         产业化提速亦有数据印证。工业和信息化部党组成员、副部长柯吉欣近期透露，去年我国人形机器人产量约为2万台，今年上半年已超过4万台，预计全年将超过10万台。         估值维度，万联证券最新研报数据显示，截至2026年7月17日，人形机器人指数PE（TTM）为30.26倍，近5年呈现出较为明显的下降趋势，2026年以来估值保持相对稳定。从估值分位数来看，人形机器人指数近5年历史分位仅在6%附近，近一年分位升至约23%，估值水平有所提升。         万联证券认为，人形机器人指数估值从长期看处于历史底部区域，短期有所修复但仍处于较低水平。当前人形机器人产业正处于从技术突破迈向规模化商业化的破晓时刻。供给端，特斯拉、宇树科技、智元机器人、优必选稳步推进量产节奏；需求端，人口老龄化与劳动力成本攀升形成长期驱动。同时随着政策与资本合力助推，AI大模型持续为机器人注入灵魂，人形机器人有望形成一个新兴产业，逐渐从B端走向C端，未来市场空间广阔。

B | 2026年是量产验证与场景落地的关键窗口。

C |          国联民生证券同样认为，此前机器人板块大幅回调释放前期估值压力，但产业端商业化推进、资本加码与技术突破均呈加速态势，基本面与股价短期背离，建议把握回调带来的中长期配置窗口。         国金证券则判断，2026年是人形机器人“0-1兑现的重要节点”。特斯拉链年内第一代量产产品有望发布，供应链大批量产线建设完成，或将正式开启大规模量产。国产链方面，头部本体出货量规模预计从数千台跃升至数万台，应用场景覆盖文娱商演、科研教育、数据采集、导览导购等领域。该机构认为，在此阶段龙头企业供应链与技术路线将趋于收敛，全球将迈入机器人“军备竞赛”。

D |          投资方向上，万联证券建议关注两条清晰主线。

E | 其一，聚焦特斯拉、宇树等头部厂商上游供应链，重点布局精密减速器、执行器、六维力传感器等高壁垒、高价值核心零部件企业；其二，紧扣成本下探核心逻辑，国内企业正通过技术自研与供应链整合，将整机价格从百万级迅速拉至十万级。

F | 成本优势叠加持续迭代，国产供应链有望实现从替代到引领的跨越，建议关注掌握电机、减速器、控制器等核心零部件技术，并能实现低成本、高质量量产的公司。         （声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。

G |

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