内容概要：漏泄电缆是电缆行业的重要分支，专注于生产具有信号传输和天线功能的特殊电缆。该行业 在通信、安防、电力等领域有广泛应用，特别是在地铁、隧道等无线传播受限场所，漏泄电缆发挥着不 可或缺的作用。近年来随着移动通信、轨道交通等行业的快速发展，漏泄电缆市场需求持续增长。同时 国家政策的大力支持，如税收优惠、节能补贴等政策，大大促进了漏泄电缆的推广和应用，为行业发展 提供了良好的外部环境。2019年中国漏泄电缆行业市场规模达到29亿元，到了2024年行业市场规模增长 至62.1亿元，年复合增长率为16.4%。预计未来随着行业技术水平不断提升，产品性能更加优异，应用 场景将进一步拓展，市场需求将持续增长。 相关上市企业：通鼎互联（002491）、中天科技（600522）、长飞光纤（601869）、烽火通信 （600498）、亨通光电（600487）、汇源通信（000586）、中利集团（002309）、永鼎股份 （600105）、江西铜业（600362）、铜陵有色（000630）等。 相关企业：中国电子科技集团有限公司、江西联创电缆科技有限公司、远东电缆有限公司、中天射频电 缆有限公司等。 关键词：漏泄电缆行业产业 ...

空芯项目突破，海洋订单饱满 中天科技(600522) ——中天科技三季报业绩点评 股票研究 /[Table_Date] 2025.11.25 2025-11-26 电信运营 [Table_Industry] /信息技术 [Table_Invest] 本报告导读： 下调盈利预测，上调目标价，维持优于大市评级；业绩略低预期，海缆订单饱满。 空芯光纤中标，开始实现应用落地。 投资要点： 催化剂：海洋订单交付，空芯光纤项目落地。 风险提示：行业需求低于预期，行业竞争更加恶劣。 | [Table_Finance] 财务摘要(百万元) | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入 | 45,065 | 48,055 | 52,485 | 60,089 | 66,576 | | (+/-)% | 11.9% | 6.6% | 9.2% | 14.5% | 10.8% | | 净利润(归母) | 3,117 | 2,838 | 3,247 | 3,804 | 4,424 | | (+/-)% | ...

Core Viewpoint - Zhongtian Technology's stock has shown a mixed performance in recent trading, with a year-to-date increase of 14.32% but a decline in the last five and twenty trading days [1][2]. Financial Performance - For the period from January to September 2025, Zhongtian Technology achieved a revenue of 37.974 billion yuan, representing a year-on-year growth of 10.66%. The net profit attributable to shareholders was 2.338 billion yuan, with a slight increase of 1.20% year-on-year [2]. - The company has distributed a total of 4.441 billion yuan in dividends since its A-share listing, with 2.11 billion yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Zhongtian Technology reached 235,000, an increase of 10.97% from the previous period. The average number of tradable shares per shareholder decreased by 9.89% to 14,520 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the second-largest shareholder with 221 million shares, an increase of 10.0819 million shares from the previous period [3].

行业主要上市公司：国盾量子(688027.SH);中天科技(600522.SH);亨通光电(600487.SH);科大国创 (300520.SZ);电科网安(002268.SZ);神州信息(000555.SZ)等 全球量子通信市场达26.7亿美元 量子科学是20世纪最为重要的科学发现之一，自问世以来先后孕育出原子弹、激光、核磁共振等新技 术。进入21世纪之后，人类对微观粒子系统的观测和调控技术不断突破和提升，使得从量子观察到量子 调控成为可能，这为即将爆发的第二次量子科技革命提供了很好的基础，而这次第二次量子科技革命的 主角就是以量子计算和量子通信为主的量子信息技术。量子信息凭借其高并行速度和绝对安全性，被赋 予了引领人类第四次科技革命的可能性。各国为了抢占量子科技领域未来的国际话语权，纷纷出台相关 政策和提供资金来大力推进量子信息技术的发展。产业资本也纷纷加快在量子信息领域的布局，预计行 业将进入一个从0到1的快速发展时期。量子通信从目前已经发展的形态来看，主要是由量子物理加密产 品与技术(例如QKD、PQC、QRNG 等)带来的产业价值，根据ICV数据，2024年全球市场规模达26.7亿 美元。未来，20 ...

江海交汇处，创新浪潮涌。 立足承南启北、通江达海的区位优势，一个以绿色算力为基、场景应用为翼的"AI+"产业高地，正在如 东加速崛起。绵长的海岸线上，风电机组如林而立，从如东输出的绿电，为人工智能的"拔节生长"提供 算力支持。新能源、新材料、新装备三大主导产业，构建出强大的制造业集群，为人工智能与实体产业 深度融合开辟了广阔空间。 近日，在第十七届如东沿海经济合作洽谈会期间，以"AI向新·链未来"为主题的人工智能赋能如东现代 产业发展恳谈会成功举办。会上，"人工智能赋能如东现代产业发展联盟"正式启动，标志着如东 在"AI+"协同创新方面迈出关键一步。 上海证券报社党委书记、董事长叶国标在致辞中表示，南通市如东县拥有坚实的产业基础和独特的区位 优势，为承接人工智能产业提供了优质土壤。依托资本市场的力量和政策支持，如东有望吸引更多优质 项目、优秀人才，在人工智能新赛道上大有可为。 上海松应科技有限公司董事长聂凯旋从人工智能基础软件层面出发，分享了公司的创新成果。他认为， 当前人工智能正在从互联网领域向物理世界延伸，但面临训练数据十分匮乏的瓶颈。为此，公司开发了 物理AI仿真系统，可以通过高精度模拟物理世界规律和生 ...

上海证券报不仅是国家金融政策的权威解读者、资本市场秩序的坚定维护者，更是产业资本与区域发展 的深度链接者、实体经济高质量发展的积极赋能者。叶国标表示，在人工智能浪潮中，上海证券报将持 续发挥资源优势和平台功能，助力如东人工智能技术与实体经济深度融合，开创未来产业新格局。 人工智能赋能如东现代产业发展恳谈会现场 ◎记者 孙小程 江海交汇处，创新浪潮涌。 立足承南启北、通江达海的区位优势，一个以绿色算力为基、场景应用为翼的"AI+"产业高地，正在如 东加速崛起。绵长的海岸线上，风电机组如林而立，从如东输出的绿电，为人工智能的"拔节生长"提供 算力支持。新能源、新材料、新装备三大主导产业，构建出强大的制造业集群，为人工智能与实体产业 深度融合开辟了广阔空间。 近日，在第十七届如东沿海经济合作洽谈会期间，以"AI向新·链未来"为主题的人工智能赋能如东现代 产业发展恳谈会成功举办。会上，"人工智能赋能如东现代产业发展联盟"正式启动，标志着如东 在"AI+"协同创新方面迈出关键一步。 上海证券报社党委书记、董事长叶国标在致辞中表示，南通市如东县拥有坚实的产业基础和独特的区位 优势，为承接人工智能产业提供了优质土壤。依托资 ...

Core Insights - The recent research breakthrough in quantum communication using hollow-core fiber optics was announced at the 2025 APC Global Fiber Optic Conference in Nantong, Jiangsu, marking a significant advancement for the Chengdu Quantum Internet Demonstration Network [1][2] - The research demonstrated the feasibility of quantum teleportation through hollow-core fiber channels, establishing a solid foundation for the construction of next-generation quantum information networks [1] Group 1: Research and Development - The joint research team, including Tianfu Jiangxi Laboratory, University of Electronic Science and Technology of China, China Telecom, and Zhongtian Technology, successfully constructed a 19-kilometer hollow-core fiber transmission link, achieving stable quantum state transmission with an average fidelity of 85% [1] - Hollow-core fiber, which uses air as the transmission medium, significantly reduces signal attenuation and shows great potential in the field of quantum interconnection networks due to its immunity to environmental fluctuations and low loss characteristics [1] Group 2: Future Applications - The Chengdu Quantum Internet Demonstration Network is set to undergo substantial upgrades, with plans to deploy a hollow-core fiber quantum transmission experimental line around Xinglong Lake in Chengdu, creating an open and shared "Air-Quantum Large Scientific Device" for surrounding research institutions [2] - This experimental line aims to further explore the transmission performance of hollow-core fiber in real-world environments, facilitating the practical application of quantum teleportation technology [2] - The advancements in hollow-core fiber technology are expected to integrate with the rapid development of 5G-A, 6G, and computing networks, continuously releasing technological dividends [2]

Group 1 - The recruitment event in Jiangsu Province attracted over 260 employers offering more than 5,000 job positions, indicating a significant demand for graduates in the new materials and biomedicine sectors [1] - The employment situation for graduates in "biochemical, environmental, and materials" fields has improved considerably due to the rise of the new energy industry [1][3] - Many graduates are now prioritizing jobs in the new energy sector, particularly in battery-related materials and chemistry, reflecting a shift in career preferences among traditional engineering students [3][5] Group 2 - The recruitment fair attracted graduates from other universities, highlighting the concentration of key industries such as new materials and biomedicine in the region [5] - Notable companies participating in the event included Nanjing Electric Science and Technology Group, Zhongtian Technology Group, and several pharmaceutical firms, indicating strong industry interest in hiring local talent [5] - Nanjing University of Technology is actively engaging with local industries and government departments to enhance job opportunities for graduates, implementing initiatives like the "Empowerment Plan" to provide professional guidance and support [5]

Core Insights - The article discusses the decline in China's optical cable production, with a reported decrease of 12.8% year-on-year in September 2025, totaling 22.24 million core kilometers [1] - Cumulative production from January to September 2025 reached 184.35 million core kilometers, reflecting a 7.3% decline compared to the previous year [1] Company Analysis - Listed companies in the optical cable sector include Changfei Optical Fiber (601869), TeFa Information (000070), Zhongtian Technology (600522), and Hengtong Optic-Electric (600487) [1] Industry Overview - The data is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, which provides comprehensive industry research reports and market assessments [2]

Core Insights - The China Earthquake Administration has proposed the construction of a "land-sea integrated" monitoring network for marine seismic observation, which aligns with the strategic initiatives of the company in deep-sea earthquake monitoring systems [1] - The company has established the world's first tri-anchor buoy-based marine seismic observation station in collaboration with the Fujian Earthquake Administration, utilizing advanced technologies for real-time seismic observation [2] - The company has integrated its experience in offshore wind power with seismic monitoring technologies, enhancing its capabilities in the marine seismic observation sector [4][6] - The marine observation systems developed by the company not only monitor seismic activity but also ensure the safety of offshore wind farms, contributing to the sustainable development of marine resources [7] Summary by Sections Marine Seismic Monitoring Initiatives - The company has been actively involved in the construction of deep-sea seismic monitoring projects in Jiangsu, Fujian, and Hainan provinces, significantly improving earthquake warning capabilities within an offshore range of 80 km [2] - The deep-sea seismic monitoring system is expected to achieve sales exceeding 70 million yuan in 2024, indicating strong market demand and growth potential [7] Technological Innovations - The company has successfully combined wind power platform technology with seismic monitoring, creating a comprehensive observation platform that captures micro-level crustal displacement changes [4] - The integration of high-end communication technologies has allowed the company to overcome traditional limitations in fiber optic sensing, enhancing the precision of seismic monitoring [4][6] Value Creation and Future Prospects - The marine observation systems are designed to provide all-weather safety protection for offshore wind farms, facilitating the scientific utilization and management of marine resources [7] - The company is also developing a provincial-level earthquake disaster prevention database system, which will support earthquake disaster research and provide valuable data for marine environmental studies [7]