转自：前瞻产业研究院 行业主要上市公司：中国石油(601857);中国石化(600028);康普顿(603798);龙蟠科技(603906);中晟高科 (002778);统一股份(600506)等 本文核心数据：润滑油全产业链;区域热力图;代表性企业产业链布局 1、润滑油产业链全景梳理 目前我国润滑油产业链上游主要为石油/原油的开采、润滑油基础油的提炼及添加剂供应;润滑油中游主 要为润滑油的生产，从使用用途来分可以分为内燃机油、齿轮油、液压油、压缩机油等;润滑油的下游 主要为工程机械、汽车、船舶运输、轨道交通等等。 中国润滑油上游产业包括石油开采/炼油、基础油、添加剂，代表企业包括企业有中国石油、中国石化 等炼油企业，瑞丰新材、康泰股份等的润滑油添加剂制造企业，此外还有供应含氟润滑油基础油的供应 商新宙邦。中游产业企业有龙蟠科技、康普顿、中国石油、中国石化等工业和车用润滑油企业。下游产 业企业有汽车制造、工程机械、船舶制造行业的相关企业，如广汽集团、潍柴动力、中国船舶等。 2、中国润滑油产业链区域热力地图 从区域分布来看，我国润滑油代表性企业主要分布在江、浙、粤等东部沿海地区和北京地区。其中，北 京拥有最多代 ...

本文核心数据：合同余额;企业数量;投放规模;市场占有率等 ——商租合同余额：2019年以后开始逐年下降 中国商租合同余额在近年来呈现出波动下降的趋势，尤其自2019年以来，余额持续减少，并且增速逐年 放缓。这表明商租市场的需求出现萎缩，可能受到经济放缓、行业调整和市场饱和等因素的影响。尽管 过去几年存在增长，但整体趋势表明，未来商租行业可能面临更大的挑战，企业需加快转型或优化服 务。 ——商租企业数量：企业数量不断下降 转自：前瞻产业研究院 行业主要上市公司：江苏金租(600901.SH)、国银金租(01606.HK)、渤海租赁(000415.SZ)、远东宏信 (03360.HK)、海通恒信(01905.HK)等 中国商租企业数量在过去几年经历了显著增长后，从2022年起出现下降趋势，特别是2023年和2024年上 半年，企业数量持续减少。随着政策的不断变化以及监管不断趋于严格，部分企业退出了市场。进入 2024年，中国租赁业继续处于政策不确定、前景不明朗的大环境下。2024年上半年，全国内资租赁企业 数量没有增加，外资租赁企业数量下降。 ——商租投放规模：近三年连续下降 整体来看，中国商租投放规模呈现先增后 ...

Core Insights - The Chinese cybersecurity industry market size is projected to exceed 95 billion yuan in 2024, following a market size of over 85 billion yuan in 2023, with a compound annual growth rate (CAGR) of 18.94% over the past five years [1][3]. Market Segmentation - The cybersecurity market can be divided into cybersecurity products and cybersecurity services, with cybersecurity software products accounting for over 50% of the market share in 2023, and cybersecurity software products alone making up more than 30% of the overall market size [3]. Industry Competition - The Chinese cybersecurity industry has established several leading domestic companies, including 360, Anheng Information, and Qi An Xin, which have a broad product layout. Popular product areas include firewalls, endpoint management, and vulnerability scanning [5].

Core Insights - The article discusses the development and support of the multimodal large model industry in China, highlighting various policies and initiatives at both national and local levels aimed at enhancing AI capabilities and applications [1][4][11]. Policy Development Timeline - In 2023, local policies began to emerge, focusing on computational power to encourage the development of large model technology and innovative application scenarios, starting with Guangdong, Beijing, and Shanghai. By 2024, more regions are expected to introduce relevant policies aimed at improving administrative efficiency [1]. - By 2025, government work reports will emphasize the ongoing promotion of the "Artificial Intelligence +" initiative, with a focus on supporting the widespread application of large models [1]. National Policy Summary - The Chinese government has implemented several measures to support the AI industry, particularly multimodal large models, which are seen as crucial products within the AI sector. The State Council has identified embodied intelligence as a future industry, promoting the integration of digital technology with manufacturing and market advantages [4][5]. - Key national policies include the "Guidelines for the Development of Artificial Intelligence Industry" and the "Three-Year Action Plan for Data Elements," which aim to enhance data utilization and promote high-quality economic development through data-driven initiatives [11][13]. Local Policy Highlights - Various provinces have introduced specific policies to support the development of AI large models. For instance, Guangdong aims to develop a comprehensive technology system for large models with trillion-parameter capabilities, while Beijing targets the creation of 3-5 advanced, controllable foundational model products by the end of 2025 [13][15]. - Local initiatives also include the establishment of intelligent computing centers and the promotion of AI applications in various sectors, such as manufacturing, healthcare, and urban governance [13][14]. Key Development Directions - The article outlines that provinces like Guangdong, Beijing, and Shanghai have set ambitious goals for the development of large models, focusing on creating a robust ecosystem for AI innovation and application [15]. - The emphasis is on fostering collaboration between government, industry, and academia to drive advancements in AI technologies and their practical applications across different sectors [15].

转自：前瞻产业研究院 行业主要上市公司：芯动联科(688582.SH)、申昊科技(300853.SZ)、星网宇达(002829.SZ)、天海防务 (300008.SZ)、亚星锚链(601890.SH)、巨力索具(002342.SZ)等 本文核心数据：中国水下机器人市场规模;中国水下机器人竞争格局 行业概况 1、定义 水下机器人是可潜入水中代替或辅助人类进行水下极限作业的机器人。通过水下目标探测和识别、水下导航 定位、水下通信等高新科学技术，水下机器人可实现水下打捞救援、水下探测、水下资源开采、水下娱乐等 功能。 | 分类方式 | 具体分类 | | --- | --- | | 按操作方式分类 | 自主式水下机器人、遥控式水下机器人、混合式水下机器人 | | 按功能分类 | 观测型水下机器人、作业型水下机器人、科学调查型水下机器人 | | 按航行深度分类 | 浅海型水下机器人、深海型水下机器人 | | 按是否载人分类 | 载人水下机器人、无人水下机器人 | 2、产业链剖析：下游应用场景多元化 水下机器人产业链上游主要是关键零部件和材料的供应商以及核心技术系统研发企业，包括生产单片机、推 进器、声呐、传感器等硬件的 ...

转自：前瞻产业研究院 行业主要上市公司：新澳股份(603889)、恒力石化(600346)、东方盛虹(000301)、浙文影业(601599)、恒 逸石化(000703)、百隆东方(601339)、华孚时尚(002042)、凤竹纺织(600493)、金鹰股份(600232)、华升 股份(600156)、嘉欣丝绸(002404)、彩蝶实业(603073)、华纺股份(600448)等 本文核心数据：全球纺织规模;全球纤维产量;全球纺织集中度;全球纺织分区域产值 1、全球产业向东南亚转移，中国部分产业向高端升级 全球纺织行业起源于18世纪的英国工业革命，蒸汽机的应用极大地提高了生产效率，英国依靠殖民地的 廉价棉花原料，其棉纺织品出口在全球占据主导地位。19世纪末，随着一战爆发，英国出口受阻，劳动 力成本和原料相对匮乏，美国凭借劳动力充足和资源丰富逐步承担起棉纺工业生产。1950年代至1980年 代，日本通过引进西方技术和管理经验，加上政府支持，快速建立起强大的纺织工业基础，逐渐成为全 球重要的纺织品制造中心。1980年代后，中国开始快速崛起，劳动力成本低等优势使其承接了大量纺织 产业转移，纺织品出口猛增，产业发展迅 ...

Group 1 - The digital marketing investment and financing heat in China is gradually declining, with only one investment event recorded by March 4, 2025, compared to a peak of 194 events in 2015 and a maximum investment amount of 10.565 billion yuan in 2018 [1][2] - The single financing amount in the digital marketing sector has shown a fluctuating trend, peaking at 121 million yuan in 2018, while it dropped to 4.5 million yuan in 2024 [3] - Investment events are primarily concentrated in Shanghai, which recorded 297 events from 2014 to 2025, followed by Beijing and Guangdong [7] Group 2 - The focus of investment in the digital marketing sector is on efficient platforms and quality solutions, particularly those utilizing AI technology [10] - The main investors in the digital marketing industry are primarily investment firms, with notable representatives including金沙江创投 and 南山战新投, while companies like 百度 and 美图 represent the industrial sector [13] - The digital marketing industry is characterized by midstream companies expanding their operational scale, as evidenced by several significant mergers and acquisitions since 2024 [15]

Group 1 - The core point of the article highlights that the cost structure of lead-acid battery production is heavily influenced by raw material costs, particularly lead, which constitutes a significant portion of the overall expenses [1][2][4] - In the lead-acid battery industry, the cost of raw materials accounts for over 80% of the total production costs for leading companies like Yongtao and Tianneng, while manufacturing and labor costs remain relatively low [1][2] - The price of lead-acid batteries is determined by a combination of supply-side factors, manufacturing costs, and consumer demand elasticity, with lead prices being particularly volatile and influential on market pricing [5][8] Group 2 - The lead-acid battery industry value chain exhibits a "low in the middle, high on both ends" trend, indicating that procurement and traditional manufacturing processes hold lower value compared to R&D and digital transformation efforts [10] - The production of lead-acid batteries relies on various raw materials, with lead accounting for approximately 70% of the raw material costs, followed by plastic at around 10% [4] - The competitive landscape of the lead-acid battery market is relatively concentrated, with leading firms like Tianneng and Chaowei holding significant market shares and pricing power, while smaller companies face greater price competition and sensitivity to raw material cost fluctuations [8]

转自：前瞻产业研究院 行业主要上市公司：中源协和(600645);赛莱拉(831049);冠昊生物(300238)等 本文核心数据：代表企业业绩 1、中国干细胞医疗主要参与者及分布情况 干细胞产业属于典型的科研和资金密集型产业，其技术研究和产业化应用具有高投入的特征。目前整个 干细胞行业竞争最为激烈的是干细胞行业的上游产业，未来随着干细胞储存竞争愈发激烈导致利润率下 降以及干细胞药物开发的推进，整个干细胞行业的竞争重心将向行业中下游偏移。 从区域分布情况来看，中国干细胞医疗行业代表企业主要分布在北京及沿海地区。其中以北京、天津、 广东等地区为主，中部地区中四川等地也有所布局。 2、中国干细胞医疗企业竞争梯队情况 根据企业业务覆盖范围的差异，可将中国干细胞医疗企业分为三个梯队。位列第一梯队的中源协和、博 雅干细胞、北科生物、汉氏联合等具有品牌积累的老牌细胞存储机构先发优势显著，在干细胞市场上具 有更强号召力;第二梯队的四川新生命干细胞和齐鲁细胞等干细胞企业重点布局于某一区域，地方的区 域性业务优势显著;第三梯队则为小型、新进入市场者或跨界转型类企业,多拥有单一存储业务，质量参 差不齐。 3、中国干细胞医疗头部品 ...

转自：前瞻产业研究院 行业主要上市公司：中科海讯(300810);中海达(300177);中国重工（维权）(601989);中国海防(600764);海兰信 (300065)等 本文核心数据：声呐市场规模;声呐竞争格局;声呐市场规模预测 行业概况 1、定义 声呐是英文缩写"SONAR"的音译，全称为"声音导航与测距"(Sound Navigation And Ranging)，是一种利用声 波在水下的传播特性，通过发射和接收声波来对水下目标进行探测、定位、跟踪和识别，以及用于水下通信 和导航等的电子设备。 | 分类方式 | 其体分类 | | --- | --- | | 按工作方式 | 主动声呐、被动声呐 | | 按装备对象 | 親载声呐、潜艇声呐、航空声呐、便携式声呐 | | 按用途 | 反潜声呐、反水雷声呐、探测声呐、通信声呐, | | 按工作频率 | 低頻声呐、中颜声呐、高颜声呐 | | 按技术特点 | 合成孔径声呐、多波束测深声呐、侧扫声呐、成傻声呐 | 2、产业链剖析：下游为军民结合应用场景 声呐行业产业链涵盖了从上游原材料供应、制造，到中游声呐系统研发、生产与集成等制造环节，再到下游 应用的完整环节 ...