南财智讯10月16日电，雷赛智能在投资者关系活动中表示，公司机器人业务主要包括无框力矩电机、行星及谐波关节模组、一体轮模组、空心杯电机、高中低自由度灵巧手等核心零部件。公司通过提供核心零部件和解决方案、为大客户提供联合开发、为广泛客户提供代工与组装服务三种业务模式，与近三百家国内外机器人企业及模组厂家开展长期合作。目前公司已进入80%以上人形机器人整机厂家供应体系。
South Finance News, October 16 — Leisai Intelligence stated in an investor relations activity that its robot business mainly includes core components such as frameless torque motors, planetary and harmonic joint modules, integrated wheel modules, coreless motors, and high/medium/low-DOF dexterous hands. Through three business models—providing core components and solutions, providing joint development for major customers, and providing OEM and assembly services for broad customers—the company has long-term cooperation with nearly 300 domestic and international robot enterprises and module manufacturers. Currently, the company has entered the supply system of over 80% of humanoid robot complete machine manufacturers.
雷赛智能这份披露里，80%以上这个数字是核心信息。它说明人形机器人整机厂家的零部件供应，已经高度集中在少数供应商手里。前面讨论过巨蟹智能做关节模组七大核心零部件全自研，也讨论过祥鑫科技做灵巧手，还讨论过兆易创新做伺服控制芯片。这些公司分处产业链的不同环节，但它们的共同点是，人形机器人整机厂家并不倾向于自己生产所有零部件，而是从专业供应商采购。雷赛智能覆盖近三百家机器人企业及模组厂家，进入80%以上整机厂家供应体系，说明它在这个供应格局里占据了重要位置。
In this disclosure from Leisai Intelligence, the "over 80%" figure is core information. It indicates that component supply for humanoid robot complete machine manufacturers is already highly concentrated among a few suppliers. Earlier we discussed Juxie Intelligent doing full in-house development of seven core joint module components, Xiangxin Technology making dexterous hands, and GigaDevice making servo control chips. These companies sit at different links in the supply chain, but their common point is that humanoid robot complete machine manufacturers do not tend to produce all components themselves but procure from professional suppliers. Leisai Intelligence covering nearly 300 robot enterprises and module manufacturers and entering over 80% of complete machine manufacturers' supply systems indicates it occupies an important position in this supply landscape.
雷赛智能的产品线覆盖无框力矩电机、行星及谐波关节模组、一体轮模组、空心杯电机、高中低自由度灵巧手。这些产品正好对应前面讨论的具身智能核心零部件。无框力矩电机是机器人关节的动力来源，前面讨论过三瑞智能也在做这个方向。行星及谐波关节模组是关节的核心传动部件，前面讨论过巨蟹智能以谐波技术为核心。空心杯电机用于灵巧手等精细操作场景。高中低自由度灵巧手，对应前面讨论的灵巧手行业不再盲目追求自由度、开始按场景选择合适自由度。雷赛智能一家公司覆盖这么多品类，说明它在零部件领域的布局比较完整。
Leisai Intelligence's product line covers frameless torque motors, planetary and harmonic joint modules, integrated wheel modules, coreless motors, and high/medium/low-DOF dexterous hands. These products correspond exactly to the embodied intelligence core components discussed earlier. Frameless torque motors are the power source for robot joints; earlier we discussed Sanrui Intelligent also working in this direction. Planetary and harmonic joint modules are core transmission components for joints; earlier we discussed Juxie Intelligent centering on harmonic technology. Coreless motors are used in fine manipulation scenarios like dexterous hands. High/medium/low-DOF dexterous hands correspond to the earlier discussed dexterous hand industry no longer blindly pursuing DOF and beginning to select appropriate DOF by scenario. Leisai Intelligence covering so many categories in one company indicates its component field布局 is relatively complete.
三种业务模式的设置也值得看。提供核心零部件和解决方案，对应的是标准品销售。为大客户提供联合开发，对应的是深度定制，客户有特殊需求时供应商参与研发。为广泛客户提供代工与组装服务，对应的是那些不想自己建产线的中小客户。这三种模式覆盖了不同类型客户的需求，也说明人形机器人行业的客户结构是分层的，有大型整机厂，也有中小型创业公司。前面讨论过产业资本密集投资上游零部件公司，也讨论过整机厂通过投资锁定核心零部件产能。雷赛智能作为供应商进入80%以上整机厂供应体系，说明它在这个产业链上下游的绑定关系里，已经是一个关键节点。
The setup of three business models also deserves attention. Providing core components and solutions corresponds to standard product sales. Providing joint development for major customers corresponds to deep customization—suppliers participate in R&D when customers have special needs. Providing OEM and assembly services for broad customers corresponds to small and medium customers who do not want to build their own production lines. These three models cover different types of customer needs, also indicating the humanoid robot industry's customer structure is layered—there are large complete machine manufacturers and small and medium startups. Earlier we discussed industrial capital densely investing in upstream component companies and complete machine manufacturers locking in core component capacity through investment. Leisai Intelligence entering over 80% of complete machine manufacturers' supply systems as a supplier indicates it is already a key node in this supply chain's upstream-downstream binding relationships.
