10月13日，蓝思科技公告，其参与投资的厦门时代深远创业投资基金合伙企业已完成中国证券投资基金业协会私募备案，正式进入投资运作阶段。这只总规模约49亿元的创投基金，聚集了宁德时代、润泽科技、紫金矿业、蓝思科技等产业资本，明确瞄准AI、具身智能及前沿科技。对正从玻璃盖板龙头向具身智能链主转型的蓝思而言，这笔2亿元出资，是其以资本手段延展产业生态的关键一子。
On October 13, Lens Technology announced that the Xiamen Times Shenyuan Venture Investment Fund partnership it invested in has completed private fund filing with the Asset Management Association of China and officially entered the investment operation stage. This venture fund with total scale of about 4.9 billion yuan gathers industrial capital including CATL, Runze Technology, Zijin Mining, and Lens Technology, explicitly targeting AI, embodied intelligence, and frontier technology. For Lens, which is transitioning from a glass cover plate leader to an embodied intelligence chain leader, this 200 million yuan contribution is a key move to extend its industrial ecosystem through capital means.
根据公告，蓝思科技于9月15日与厦门溥泉私募基金管理合伙企业及其他有限合伙人签署合伙协议，以自有资金认缴出资2亿元，占基金认缴出资总额的4.0816%。基金已于10月9日取得私募投资基金备案证明，托管人为中信银行。按认缴总额49.0001亿元、蓝思2亿元占比4.0816%计算，这是一只体量不小的产业基金。备案完成，意味着基金从募集成立跨入对外投资阶段，后续项目落地节奏值得跟踪。
According to the announcement, Lens Technology signed a partnership agreement on September 15 with Xiamen Puquan Private Fund Management Partnership and other limited partners, contributing 200 million yuan from own funds, accounting for 4.0816% of total subscribed capital. The fund obtained private investment fund filing certification on October 9, with CITIC Bank as custodian. Calculated at total subscribed capital of 4.90001 billion yuan with Lens's 200 million at 4.0816%, this is a sizable industrial fund. Filing completion means the fund has moved from "fundraising establishment" to "external investment" stage, with subsequent project deployment rhythm worth tracking.
这只基金最引人注目的是其合伙人名单，多家产业巨头同台。宁德时代方面，执行事务合伙人与基金管理人厦门溥泉，被视作宁德时代的产业投资平台，其全资子公司时代新能源持有厦门溥泉45%合伙份额，宁德时代附属企业福建闽东时代以5亿元参与认缴，占比10.2041%。润泽科技认缴10亿元，占比约20.41%，为出资份额最大的LP之一。紫金矿业旗下紫金矿业股权投资参与其中。蓝思科技认缴2亿元，占比4.0816%。从投向看，厦门时代深远创投基金聚焦AI、具身智能及前沿科技领域，与宁德时代同批布局的另一只基金形成互补。
The most notable aspect of this fund is its partner list—multiple industrial giants on the same stage. On the CATL side, the executive partner and fund manager Xiamen Puquan is regarded as CATL's industrial investment platform, with its wholly-owned subsidiary Times New Energy holding 45% partnership share in Xiamen Puquan, and CATL affiliate Fujian Mindong Times participating with 500 million yuan, accounting for 10.2041%. Runze Technology subscribed 1 billion yuan, accounting for about 20.41%, one of the largest LP contributors. Zijin Mining's Zijin Mining Equity Investment participates. Lens Technology subscribed 200 million yuan, accounting for 4.0816%. In terms of investment direction, the Xiamen Times Shenyuan venture fund focuses on AI, embodied intelligence, and frontier technology, complementing another fund CATL布局 in the same batch.
蓝思科技此次出资并非简单的财务投资。公司主营消费电子，近年正重点培育AI端侧硬件与AI算力硬件等新兴战略赛道，在人形机器人领域的布局已进入收获期。据公司及媒体披露，2025年机器人业务营收突破10亿元，人形机器人出货约3000台、四足机器人超1万台。2026年公司预计人形机器人核心部件和整机组装规模翻番，已切入北美及国内多家头部机器人企业供应链，关节模组、灵巧手、结构件实现批量交付，六维力矩传感器、行星滚柱丝杠等核心零部件已量产。公司亦将自身定位为具身智能产业的链主与核心制造服务商。
Lens Technology's contribution is not simple financial investment. The company's main business is consumer electronics; in recent years it has focused on cultivating emerging strategic tracks including AI edge hardware and AI compute hardware, and its humanoid robot布局 has entered harvest period. According to company and media disclosures, 2025 robot business revenue exceeded 1 billion yuan, with humanoid robot shipments of about 3,000 units and quadruped robots over 10,000 units. In 2026, the company expects humanoid robot core component and complete machine assembly scale to double, having entered the supply chains of multiple leading North American and domestic robot enterprises, with joint modules, dexterous hands, and structural parts achieving batch delivery, and six-axis torque sensors, planetary roller screws, and other core components already in mass production. The company positions itself as an embodied intelligence industry "chain leader" and core manufacturing service provider.
在此背景下，参投聚焦AI与具身智能的产业基金，逻辑清晰，通过资本纽带提前卡位产业链上下游创新企业，与其制造加垂直整合能力形成协同，既为被投项目提供量产与供应链支撑，也为自身机器人业务寻找新的客户与订单来源。基金备案落地后，首个投资标的、单笔投向是否与蓝思机器人或智能硬件业务产生协同，将是市场后续关注焦点。
Against this backdrop, participating in an industrial fund focused on AI and embodied intelligence has clear logic—using capital ties to pre-position in upstream and downstream innovative enterprises in the supply chain, forming synergy with its "manufacturing + vertical integration" capabilities, both providing mass production and supply chain support for invested projects and seeking new customers and order sources for its own robot business. After fund filing lands, whether the first investment target and single investment direction generate synergy with Lens's robot or smart hardware business will be the market's subsequent focus.
