估值较上一轮翻倍 当地时间2月2日，谷歌母公司Alphabet旗下自动驾驶公司Waymo在其官方博客宣布，已完成160亿美元（约合人民币1110亿元）融资，投后估值达到1260 亿美元（约合人民币8744亿元），成为自动驾驶领域近年来规模最大的单笔融资之一。 除了Alphabet作为主要投资者继续支持外，本轮融资由Dragoneer投资集团（Dragoneer Investment Group）、DST Global和红杉资本（Sequoia Capital）领 投，安德森·霍洛维茨基金（a16z）、穆巴达拉资本、贝塞默风险投资、银湖资本、老虎环球基金及T. Rowe Price等机构跟投。 Waymo在博客中披露，2025年公司年订单量同比增长超过两倍，达到1500万次，截至目前累计订单量已超过2000万次。其无人驾驶出租车服务目前每周 提供超过40万次出行。 当前，自动驾驶行业正从无人测试和小规模商业化应用阶段，加速迈向规模化扩张。 海外市场，特斯拉自动驾驶布局明显提速。在近日的四季度财报电话会中，特斯拉CEO埃隆·马斯克透露，特斯拉的Robotaxi（自动驾驶出租车）车队规模 已超500辆，预计2026 ...

要点速览 1.进一步扩大服务消费，丰富数字消费、悦已消费、邮轮消费供给 8.更大力度培育壮大长期资本、耐心资本 9.加快建设小洋山北作业区、东方枢纽上海东站、浦东国际机场四期等重大项目 10.围绕智算光网、类脑智能等领域，培育前沿技术和颠覆性技术 2.推动一批国有企业重组整合、协同发展 3.加大国有控股上市公司市值管理力度 4.加强科创板制度建设 5.加强算力设施、行业语料、垂类模型等布局建设，推动新一代智能终端、智能体等广泛运用 6.推动深远海风电等重大项目建设，新增新型储能应用规模50万千瓦 7.在集成电路、生物医药、人工智能等领域加快实施一批重大产业项目 二是着力加强核心功能建设，持续提升"五个中心"能级。其中，围绕深化国际金融中心建设，上海将配 合中央金融管理部门纵深推进金融体制改革，加强科创板制度建设，推动银行间和交易所债券市场互联 上海市第十六届人民代表大会第四次会议2月3日上午在上海世博中心开幕。上海市市长龚正作政府工作 报告。 根据政府工作报告，综合各方面因素，建议2026年上海市经济社会发展的主要预期目标是：全市生产总 值增长5%左右，地方一般公共预算收入增长2%，全社会研发经费支出相当于全 ...

Group 1 - The State-owned Assets Supervision and Administration Commission (SASAC) emphasizes the importance of developing emerging pillar industries as a key task for state-owned enterprises (SOEs) by 2026 [1][3] - The SASAC is drafting a work document to guide central enterprises in cultivating emerging pillar industries, focusing on major project investments and breakthroughs in key areas [1][3] - Key sectors highlighted include new energy, new energy vehicles, new materials, aerospace, low-altitude economy, quantum technology, 6G, embodied intelligence, biomanufacturing, marine energy, and green shipping [1] Group 2 - The meeting calls for a strong focus on strategic emerging industries and future industries, aiming to open up a "second curve" of growth while integrating traditional industry upgrades [3] - There is a push for deep integration of technological innovation and industrial innovation, leveraging the advantages of SOEs to reshape the industrial chain and drive innovation [3] - The SASAC plans to enhance policy support and develop a more effective regulatory system tailored to the characteristics of SOEs and the changing technology landscape [3] Group 3 - Central enterprises are urged to advance technological innovation, implement major national science and technology projects, and focus on original innovation [5] - The goal is to create a modern industrial system by encouraging SOEs to open up scenarios, release demand, and share data, fostering a collaborative innovation ecosystem [5] - The SASAC aims to cultivate specialized and innovative "little giants" and champion enterprises through enhanced cooperation with national laboratories, universities, and research institutes [5] Group 4 - The SASAC emphasizes the need for improved income distribution management and the implementation of a tailored assessment system for SOEs in 2026 [7] - There is a focus on strengthening the incentive mechanisms for technological innovation and promoting systematic reforms in assessment and distribution [7] - The goal is to ensure that state-owned enterprises and capital become stronger, better, and larger, achieving a good start for the 14th Five-Year Plan [7]

Market Overview - A-shares experienced a collective rise in major indices, with the Shanghai Composite Index closing at 4031.07 points, up 0.38%, and the Shenzhen Component Index rising by 0.93% [2] - The total trading volume in the Shanghai and Shenzhen markets reached 161.69 billion yuan by midday [2] Sector Performance - The commercial aerospace sector saw significant gains, with multiple stocks hitting the daily limit up, including Aerospace Development and JuLi Sockets [4] - The photovoltaic sector continued to strengthen, with stocks like Shuangliang Energy and JunDa Co. reaching their daily limit up shortly after market open [4] - The chemical sector also experienced a rally, with WanFeng Co. achieving a fourth consecutive limit up [9] Key Stocks - Aotewei reached a 20% limit up, while other stocks such as Dike Co. and Maiwei Co. saw increases of over 10% [6][7] - JunDa Co. announced a share placement to fund research and production of space photovoltaic battery products, and it also invested 30 million yuan for a 16.67% stake in Shanghai Xingyi Xinneng [8] Industry Insights - According to CICC, the development of commercial aerospace is driving the space photovoltaic sector towards a new phase of technological upgrades and industrial delivery [8] - Guosheng Securities noted that the demand for space photovoltaic energy is expected to become a new growth area, driven by the global demand for space energy and the restructuring of supply chains [8] - The chemical industry is expected to evolve with a shift from market share focus to profitability, alongside opportunities for high-end export replacements due to declines in Europe and Japan [9][10]

寒武纪今日盘中大幅跳水，截至发稿跌超13%，股价跌破1100元/股，总市值回落到5000亿元下方，成 交额超135亿元。 | 名称 | 最新 | 涨幅 ↑ | 涨跌 | | --- | --- | --- | --- | | 寒武纪-U | 1072.07 -13.68% - - 169.93 | | | | 688256 科创 | | | | | 沐曦股份-U 499.05 | | -5.86% | -31.05 | | 688802 科创 融 | | | | | 摩尔线程-U | 540.12 -5.24% | | -29.88 | | 688795 科分 | | | | 1月30日晚，寒武纪公布2025年年度业绩预告。公告显示，寒武纪预计2025年度实现营业收入60亿元至 70亿元，与上年同期相比将增加48.26亿元到58.26亿元，同比增长410.87%至496.02%；实现归母净利润 18.5亿元到21.5亿元，将实现同比扭亏为盈；实现归母扣非净利润16亿元到19亿元。 紧盯盘中热点轮动，捕捉板块异动信号，把脉主力资金动向。 | IN i | 44 11 | | | | --- | --- | -- ...

2月2日，头部商业卫星企业天仪空间科技股份有限公司（以下简称"天仪空间"）在湖南证监局完成IPO辅导备案，辅导机构为国泰海通证券股份有限公 司，律师事务所为北京市中伦律师事务所，会计师事务所为立信会计师事务所（特殊普通合伙）。 天仪空间更为人熟知的企业名称是天仪研究院，是中国领先的SAR卫星星座运营商，专注于SAR星座建设和SAR卫星数据服务。2025年公司完成股份制改 造，并于12月将企业名称由"长沙天仪空间科技研究院有限公司"变更为"天仪空间科技股份有限公司"。这被业界普遍解读为其对接资本市场、谋求上市的 关键一步。 天仪空间成立于2015年5月18日，法定代表人是杨峰。杨峰为公司控股股东、实际控制人。杨峰系公司的创始人，直接持有公司9.72%股权，通过员工持 股平台天仪合伙和天行合伙间接控制公司11.40%股权，通过与联合创始人任维佳的一致行动关系间接控制公司9.03%股权。因此，杨峰直接和间接控制公 司30.15%股权。 天仪空间核心团队成员主要来自航天科技、航天科工等航天单位，同时还有来自国际的航天人才，累计参与了国内外近百个航天型号（卫星、飞船、空间 站）的研制任务。 杨峰毕业于北京航空航天大学， ...

早盘，太空光伏概念震荡拉升。双良节能直线涨停，奥特维"20cm"涨停，迈为股份、帝科股份、国晟科技等多股跟涨。消息面上，当地时间2月2日，美 国企业家马斯克旗下的太空探索技术公司（SpaceX）发表声明，宣布已收购同属于马斯克旗下的人工智能企业xAI公司。xAI公司同时也发表声明，证明 已"加入SpaceX"。 9:40 4838.93个 9:40 4837.48J 9:40 4837.89个 9:40 4836.94J 9:40 4837.31个 4464.27 -4.20% 9:40 4837.20↓ 量比 9:40 4836.837 9:40 4837.10↑ k 7 9:40 4836.85J 9:40 4836.95个 白酒概念股持续活跃。皇台酒业触及涨停 ，金徽酒、利通科技、贵州茅台等多股跟涨。消息面上，国信证券表示，近期白酒、地产等前期滞涨板块表现 较优，其背后逻辑是春季行情进入下半场后，市场结构分化趋于收敛。 | ▼ | 白酒概念 1 | | --- | --- | | | 7377.30 0.11% | | 成分股 看点 | 基金 资金 新闻 | | 実部 龙头股 | 3日内有涨停 连板 连 ...

来源：上海证券报微信公众号 用2.5吨白银打造的"天下银楼"被拍卖，引起广泛热议。 阿里资产官网显示，位于湖南郴州市永兴县的地标建筑"天下银楼"1月15日开始首次拍卖。该楼用银2.5 吨，纯银含量为70%，共用1.75吨纯银，银楼白银的评估价为1204.7万元，折合单价6.88元/克。 在连番涨势之下，该楼挂网拍卖时，白银投资银条价格超过30元/克，按此粗略估算，1.75吨纯银价值 已超5000万元。对此，网友表示："简直是白菜价甩卖"。据记者了解，原因可能与该楼的用途受限有 关。根据竞买公告，买受人竞得该标的物后，须继续维持文旅景区核心定位，不得擅自变更用途。 永兴银楼建筑群整体以2509.70万元起拍，截至16日拍卖结束，共有两人报名，最后结果是——无人出 价流拍。2月2日，上海证券报记者致电该资产委托管理方工作人员获悉，银楼首次拍卖起拍价已是评估 价的80%。再次拍卖时，不会重新评估资产价值，将采取更审慎的定价策略，单次起拍价降幅最多不超 过20%。 不得擅自变更银楼用途 永兴县被誉为"中国银都"，其境内没有银矿，却是中国第一大白银产地。拍卖信息显示，永兴县几代人 缔造了"三废提银"技术，发展稀贵金属产 ...

Core Viewpoint - The public fund industry in China is entering a phase of high-quality development, with ongoing reforms aimed at optimizing and upgrading the sector, focusing on product innovation, team-based research, and enhancing international competitiveness [1][6]. Group 1: Product Innovation - The public fund industry is currently adopting a dual-line strategy for product innovation, focusing on equity products and absolute return products like FOFs to meet diverse investor needs [2][3]. - In January, 123 new funds were established, with a total issuance scale of 1,202.11 billion yuan, of which 95 were equity funds with an issuance scale of 812.43 billion yuan [2]. - Notable equity funds include the Guangfa Research Smart Mixed Fund, which raised 72.21 billion yuan, marking the first fund to exceed 70 billion yuan since November 2022 [2]. - FOFs have also gained traction, with an issuance scale of 199.43 billion yuan in January, indicating strong demand for low-risk investment options [3]. Group 2: Research and Team Dynamics - The public fund industry is shifting towards a team-based research model, moving away from the traditional reliance on star fund managers, which is expected to optimize the industry ecosystem [4]. - The establishment of the Ruiyuan Research Balanced Three-Year Holding Mixed Fund, managed by a team of new faces rather than established managers, exemplifies this trend [4]. - Changes in fund management personnel are also evident, with new managers being appointed to replace seasoned professionals, indicating a generational shift in leadership [5]. Group 3: Long-term Investment Ecosystem - The China Securities Regulatory Commission emphasizes the need for ongoing reforms to broaden long-term funding sources and promote long-term, rational, and value-based investments [6]. - Analysts predict that by 2030, the scale of public funds could exceed 50 trillion yuan, driven by deeper financial asset allocation by residents and the influx of long-term capital [6]. - The industry is expected to see a shift towards passive investment strategies and ETFs, which will become essential tools for long-term allocation [6]. Group 4: International Expansion - Leading public funds are increasingly focusing on international expansion, with products like the Southern Dongying CSI A500 ETF being listed on international exchanges, enhancing access for global investors [7]. - Strategic partnerships, such as the collaboration between Huatai and Korean investment firms, are being formed to deepen engagement in the Hong Kong ETF market [7]. - The industry is committed to integrating technology and enhancing service offerings to support national development and capital market reforms [7].

Core Viewpoint - The approval of the "Modern Capital Urban Circle Spatial Collaborative Planning (2023-2035)" is a significant measure to deepen the coordinated development strategy of Beijing-Tianjin-Hebei, aiming to enhance the capital's functions and promote high-quality regional development and modernization in China [1][2]. Group 1: Strategic Importance - The planning approval marks a new phase in the implementation of the Beijing-Tianjin-Hebei coordinated development strategy, summarizing the past decade's achievements and setting strategic goals for 2035 [2]. - The plan emphasizes Beijing's role as a leading city in strategic positioning, spatial layout, and implementation support [2][3]. - The approval injects new momentum into the long-term development of the Beijing-Tianjin-Hebei region, transforming Hebei's role from a "receiver" to a "supporter" [2]. Group 2: Urban Spatial Structure - The plan proposes an optimized urban system for Beijing-Tianjin-Hebei, featuring a spatial structure of "one core, two wings, dual cities, multiple points, and dual corridors" [4][5]. - The "one core" refers to the capital function core area, while the "two wings" are the Beijing urban sub-center and the Xiong'an New Area in Hebei [4]. - This new spatial structure aims to enhance competitiveness through spatial reconstruction and functional collaboration, focusing on the "ring around the capital" [4][5]. Group 3: Industrial Collaboration - The plan outlines a "two corridors, four belts" industrial collaborative innovation framework, promoting the integration of innovation chains and industrial chains [7][8]. - The "Beijing-Tianjin Corridor" is designated as a comprehensive innovation corridor, while the "Beijing-Xiong'an Corridor" focuses on high-quality development through function relief and technological innovation [7][8]. - Hebei is expected to leverage the "corridor economy" by establishing high-level collaborative innovation parks and enhancing transportation networks [8].