截至2025年12月25日 09:49，中证通用航空主题指数(931855)强势上涨1.94%，成分股广联航空(300900) 上涨19.99%，铂力特(688333)上涨6.93%，盟升电子(688311)上涨6.84%，四创电子(600990)，天银机电 (300342)等个股跟涨。通用航空ETF基金(561660)上涨1.90%，最新价报1.13元。 消息面上，12月24日，第三届中国商业航天发展大会在北京召开，会上正式启动商业航天产业联盟科创 基金。此次基金首次发行规模10至20亿，远期拟扩至100亿，存续期10年，将分阶段完成资金投放与项 目布局，最终目标实现约70%项目退出。投资方向聚焦低轨卫星星座及卫星互联网、可重复使用运载器 及火箭发射服务、商业航天新材料和新器件、空间资源开发利用及新兴太空服务四大领域。 东吴证券指出，经过批量首飞验证，2026年商业火箭有望由量变引发质变，有望见证中国进入火箭可回 收时代。卫星与火箭两大环节将形成"供需共振"局面，推动整个航天产业进入快速扩张阶段。流动性方 面，通用航空ETF基金盘中换手2.18%，成交137.84万元。 规模方面，通用航空ETF基金近1周规 ...

华西证券指出，当前商业航天领域正经历从一次性制造到复用成本的模式转型。以SpaceX为代表的企 业通过提升复用率与发射频次持续降低单位成本，中国商业航天亦在加速实现技术突破与成本收敛。行 业呈现寡头格局，下游发射服务商凭借订单优势掌握供应链话语权。投资方向涵盖火箭制造、核心部件 及太空算力等领域。 国防ETF紧密跟踪中证国防指数，中证国防指数选取隶属于十大军工集团公司旗下的上市公司证券，以 及为国家武装力量提供武器装备，或与军方有实际装备承制销售金额或签订合同的相关上市公司证券作 为指数样本，以反映国防产业上市公司证券的整体表现。 截至2025年12月24日 13:39，中证国防指数(399973)强势上涨2.95%，成分股火炬电子(603678)上涨 10.02%，宏达电子(300726)上涨8.21%，西部材料(002149)上涨7.59%，菲利华(300395)，华秦科技 (688281)等个股跟涨。国防ETF(512670)上涨3.03%，最新价报0.85元。 消息面上，中国商业航天发展大会在北京召开，会上发布《中国商业航天产业研究报告》。截至11月， 全球平均每月发射超过26次，标志着全球航天进入了 ...

西部超导今年以来股价涨74.80%，近5个交易日涨5.77%，近20日涨11.42%，近60日涨28.99%。 今年以来西部超导已经1次登上龙虎榜，最近一次登上龙虎榜为10月9日，当日龙虎榜净买入-3.73亿 元；买入总计5.19亿元 ，占总成交额比10.28%；卖出总计8.92亿元 ，占总成交额比17.69%。 12月24日，西部超导盘中上涨2.03%，截至11:04，报73.54元/股，成交7.42亿元，换手率1.58%，总市值 477.76亿元。 资金流向方面，主力资金净流出793.53万元，特大单买入5187.22万元，占比6.99%，卖出6390.12万元， 占比8.62%；大单买入2.27亿元，占比30.57%，卖出2.23亿元，占比30.02%。 责任编辑：小浪快报 分红方面，西部超导A股上市后累计派现21.79亿元。近三年，累计派现14.06亿元。 机构持仓方面，截止2025年9月30日，西部超导十大流通股东中，易方达上证科创板50ETF（588080） 位居第六大流通股东，持股1643.91万股，相比上期减少239.33万股。华夏上证科创板50成份ETF （588000）位居第七大流通股东， ...

转自：前瞻产业研究院 行业主要上市公司：国盾量子(688027.SH);天奥电子(002935.SZ);中国船舶(600150.SH);西部超导 (688122.SH);光韵达(300227.SZ);国睿科技(600562.SH)等 本文核心数据：量子精密测量市场融资总额与笔数;量子精密测量各技术路线融资笔数分布 1、全球量子精密测量投融资呈现波动性趋势 2021-2024年，全球量子精密测量领域的融资活动呈现出一定的波动性与增长潜力，年复合增长率约为 33.90%。2024年，全球量子精密测量领域融资总额为3.60亿美元，融资笔数为11笔。总体来看，各年份 的融资总额波动明显。 2、中国量子精密测量行业大额融资案例呈增长趋势 2021-2024年大额融资案例总体上呈增长趋势，2024年全球量子传感领域投融资单笔金额为0.33亿美 元。表明融资活动正从分散的少额投资向少数高额投资集中，具备明确商业化前景或规模化能力的项目 更容易获得资本市场青睐，尤其在高技术领域，资金流入正逐步加速。 4、全球量子精密测量融资轮次集中在种子轮 2024年全球融资活动在各轮次之间呈现出明显的不均衡分布，资金高度集中于后期轮次。整 ...

Investment Rating - The report maintains a "Positive" outlook for the defense and military industry [4] Core Insights - The U.S. is advancing its lunar return plan, which may lead to increased international competition in space strategy, benefiting China's rocket technology and space operations [8][11] - The proximity of low Earth orbit satellites between China and the U.S. highlights the need for enhanced space traffic management and situational awareness [12][16] - The upcoming "14th Five-Year Plan" is expected to clarify new equipment construction plans, emphasizing the importance of unmanned and anti-unmanned equipment, deep-sea technology, and operational informatization [17] Summary by Sections Investment Recommendations and Targets - The report suggests focusing on commercial aerospace, military trade, and new quality combat capabilities as key investment areas [9][17] - Specific recommended stocks include: - Commercial Aerospace: Aerospace Electronics (600879, Buy), Haige Communication (002465, Buy), and others [17] - Engine & Fuel Chain: West Superconductor (688122, Buy) and others [17] - New Quality Domains: New Light Optoelectronics (688011, Increase) and others [17] - Military Electronics: Aerospace Electric (002025, Buy) and others [17] - Military Trade/Main Equipment: Aerospace Electronics (600879, Buy) and others [17] Industry Performance - The defense and military industry index (Shenwan) rose by 1.53%, outperforming the Shanghai and Shenzhen 300 index [19][21] - The report notes that the defense and military sector ranked 11th out of 31 in terms of weekly performance [22] Key News and Developments - The report highlights significant developments such as the successful first flight of the Rainbow-7 high-altitude stealth drone and the establishment of a permanent lunar outpost by 2030 as part of the U.S. space strategy [26][27] - It also mentions the ongoing military trade dynamics and the implications of recent geopolitical events on the defense sector [28][29]

Group 1 - Trump Media Technology Group (DJT) signed a final merger agreement with TAE Technologies, valued at over $6 billion, leading to a significant stock price increase of nearly 42% on December 18, 2023 [1] - The A-share market saw a rise in the controllable nuclear fusion index by nearly 3% on December 19, 2023, with companies like Liyang Optical Science, Prince New Materials, and others hitting the daily limit [1] Group 2 - The global nuclear fusion sector attracted over $7.1 billion in investments from 2021 to 2024, with $900 million raised in 2024 alone [2] - Domestic nuclear fusion projects are entering a bidding phase, with significant increases in tender amounts, including nearly $5 billion in October and $3.9 billion in November 2023 [2] - Over 10 companies in the A-share market have won bids for nuclear fusion projects since the fourth quarter of 2023, including Qifan Cable and Prince New Materials [2][3] Group 3 - Six companies are expected to see net profit growth exceeding 10% in 2025 and 2026, including Prince New Materials and Western Superconducting [4] - Prince New Materials is projected to turn a profit in 2025, benefiting from the acceleration of industrial project construction [4] - Eastern Precision is forecasted to achieve a net profit increase of over 40% in 2025 and nearly 20% in 2026, following a recent successful bid for a nuclear fusion project [5]

Core Insights - The domestic nuclear fusion industry is entering a phase of intensive bidding, with significant increases in tender amounts observed in recent months [1] - In October, the tender amount approached 500 million yuan, while November saw a staggering 3.9 billion yuan in tenders [1] - China Fusion Energy Co., Ltd. has announced a new tender budget of nearly 150 million yuan since the fourth quarter [1] Group 1: Tender Amounts - The tender amounts for the nuclear fusion sector have surged, with October's figure nearing 500 million yuan and November's reaching 3.9 billion yuan [1] - China Fusion Energy Co., Ltd. has a new tender budget of approximately 150 million yuan in the fourth quarter [1] Group 2: Winning Companies - Over ten A-share companies have won or are pre-qualified for significant nuclear fusion contracts, including Qi Fan Cable, Wangzi New Materials, and Western Superconducting [1] - Qi Fan Cable won a contract for the procurement of 35kV power cables worth over 1.15 million yuan [1] - Wangzi New Materials' subsidiary, Ningbo Xinrong Electric Technology Co., Ltd., secured a contract worth 79.8 million yuan [1] - Western Superconducting's subsidiary, Xi'an Juneng Superconducting Wire Technology Co., Ltd., won a contract for superconducting wire worth 55 million yuan [1] Group 3: Detailed Bidder Information - A table lists various companies and their respective winning bids, including: - Wangzi New Materials: 79.8 million yuan through its subsidiary [2] - Antai Technology: 69.9 million yuan [2] - Western Superconducting: 55 million yuan through its subsidiary [2] - Other notable companies include Oriental Precision Engineering, China Construction, and others with bids ranging from 1.2 million to 49.1 million yuan [2]

证券日报网讯12月19日，西部超导在互动平台回答投资者提问时表示，公司将在定期报告中披露股东人 数情况。 ...

3、特种电源与储能板块：聚变反应需要瞬时大功率脉冲电源，对特种电源、大功率电容器等需求激 增，相关电源与储能设备供应商迎来市场扩张机遇。 4、关键材料与部件板块：钨基偏滤器、第一壁、耐高温合金等核心部件是装置稳定运行的基础，材料 与部件供应商有望持续获得高价值订单。 5、工程建设与系统集成板块：随着示范堆和商业堆建设加速，具备核能工程经验与总包能力的公司将 深度参与聚变电站建设，产业链分工进一步明确。 相关上市公司梳理 据东方财富研究中心12月19日消息，今日可控核聚变概念股再度爆发，宏微科技涨超12%，王子新材、 百利电气、雪人集团等多股涨停。 消息面上，当地时间周四，特朗普媒体与科技集团(DJT)已同意与一家获得Alphabet支持的核聚变能源 公司进行全股票交易合并，交易总价值超过60亿美元。此次合并将使双方共同建设一系列大型聚变发电 厂，以满足人工智能(AI)浪潮带来的能源需求。周四，DJT股价大幅飙升，涨幅超过40%。 申万宏源研报指出，随着技术的持续突破、政策不断落地以及国内相关装置建设加速，核聚变技术的工 程化与商业化进程有望加快。国际能源署则预测，到2030年，全球核聚变市场规模有望接近500 ...

证券日报网讯12月19日，西部超导在互动平台回答投资者提问时表示，公司为健信超导供应超导线材， 双方是合作伙伴关系。 ...