每经AI快讯，有投资者在投资者互动平台提问：公司和天兵科技有合作关系吗？ 铂力特（688333.SH）12月29日在投资者互动平台表示，公司与天兵科技存在合作关系。 （记者 王晓波） ...

Core Viewpoint - The company has established partnerships in the commercial aerospace sector, specifically in satellite collaborations, leveraging its 3D printing technology [1] Group 1 - The company confirmed its collaboration with leading satellite constellation companies, including Zhixing Space and Xingzhong Space [1] - The company's 3D printing technology is applicable to satellite manufacturing, indicating a strategic focus on the aerospace industry [1]

Investment Rating - The industry investment rating is "Positive" [5] Core Insights - The Shanghai Stock Exchange has officially released guidelines for commercial rocket companies to apply for the fifth set of listing standards on the Sci-Tech Innovation Board, which supports high-quality commercial rocket enterprises that have not yet formed a certain revenue scale to go public [2][7] - The commercial rocket industry is expected to experience rapid growth due to continuous policy support, accelerated technological iteration, and the release of rocket production capacity, leading to a significant increase in the number of rockets and launch frequency in China [3][7] Summary by Relevant Sections Industry Overview - The guidelines emphasize that companies must have key core technologies and significant technological advantages or breakthroughs, focusing on the self-research capabilities of core components and key indicators such as payload capacity and multi-satellite launch capabilities [7] - The guidelines also require that commercial rocket companies achieve a milestone of successfully launching a medium to large reusable rocket payload into orbit [7] Market Dynamics - The commercial rocket sector is currently a bottleneck in the commercial aerospace industry, and with the release of production capacity, improvement in launch capabilities, and breakthroughs in reusable technology, the progress of satellite networking is expected to experience a leap forward [7] - The report identifies that the future of China's rocket sector will see a threefold resonance of capacity release, enhanced launch capabilities, and breakthroughs in reusable technology, which will accelerate the resolution of launch bottlenecks [7] Investment Targets - Recommended investment targets in the satellite sector include Aerospace Electronics (600879, Buy), Zhenlei Technology (688270, Not Rated), and others [7] - Recommended investment targets in the rocket sector include Aerospace Power (600343, Not Rated), Zhonghang Heavy Industry (600765, Buy), and others [7]

Group 1 - The core viewpoint of the article is that Plater (688333.SH) is leveraging its 3D printing technology for applications in the satellite industry, indicating a strategic focus on aerospace collaborations [1] Group 2 - The company is currently collaborating with firms such as Zhixing Space and Xingzhong Space, highlighting its partnerships within the space sector [1]

开板近14个月以来，"3D打印第一股"铂力特(688333.SH)成为首家被举牌的科创板上市公司。 据铂力特披露，日前朱雀基金管理有限公司(以下简称"朱雀基金")管理的私募资产管理计划及其一致行 动人平安信托有限责任公司(以下简称"平安信托")通过集中竞价方式增持公司股票。增持完成后，朱雀 基金管理的私募资产管理计划及其一致行动人平安信托共计持有铂力特5%股权。 长江商报记者注意到，朱雀基金对于铂力特的增持主要集中在近三个月。而在此期间，铂力特股价由7 月1日的51.45元最高上涨至8月5日的118.88元。截至9月14日收盘，铂力特报99.4元/股，涨幅达到20%， 近三个月内整体增幅接近翻倍。 本次权益变动后，朱雀基金管理的私募资产管理计划及其一致行动人平安信托持有公司无限售流通股 400万股，占公司总股本的5%，构成举牌。与此同时，朱雀基金所管理的公募基金合计持有公司股票 101.31万股，占公司股份总额的1.27%。换言之，朱雀基金及其一致行动人管理的产品目前共计持有铂 力特6.27%股份。 简式权益变动报告书显示，此次朱雀基金及其一致行动人平安信托增持铂力特股票，主要为看好铂力特 所从事行业的未来发 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The SW Machinery Equipment Index increased by 4.50% in the last week, ranking 6th among 31 primary industry categories, while the CSI 300 Index rose by 1.95% [3][13] - Year-to-date, the SW Machinery Equipment Index has risen by 39.84%, also ranking 6th, compared to an 18.36% increase in the CSI 300 Index [3][16] - The report highlights the urgency of launching reusable rockets to secure space resources, predicting that 2026 will be a pivotal year for reusable rocket launches [5][22] - The acquisition of a 43% stake in Fenglong by UBTECH is noted as a significant move in the humanoid robot sector, emphasizing the importance of capital market opportunities [5][30] Summary by Sections 1. Stock Portfolio - Recommended stocks include Chaojie Co., Bluelight, and Hengli Hydraulic [11] 2. Market Review - The SW Machinery Equipment Index's performance over the last week and year-to-date is detailed, showing significant growth compared to the broader market [3][16] 3. Core Insights Update 3.1 Urgency in Rocket Launches - The report discusses the competitive landscape of satellite launches, particularly focusing on SpaceX's Starlink and the need for China to enhance its commercial rocket capabilities [5][22][24] - The cost structure of rockets is analyzed, emphasizing the importance of reusable technology in reducing launch costs [27][29] 3.2 UBTECH's Acquisition of Fenglong - UBTECH's strategic acquisition is positioned as a move to strengthen its humanoid robotics capabilities, with a focus on mass production and cost efficiency [5][30] 4. Key Data Tracking 4.1 General Machinery - The general machinery sector is under pressure, with the PMI indicating a contraction [32] 4.2 Engineering Machinery - The engineering machinery sector is experiencing an upward trend, with excavator sales showing significant growth [41][43] 4.3 Railway Equipment - The railway equipment sector is stable, with consistent investment growth [49] 4.4 Shipbuilding - The shipbuilding sector is experiencing a slowdown, with new ship price indices showing a decline [52] 4.5 Oil Service Equipment - The oil service equipment sector is stabilizing, with positive developments in the Middle East [54] 4.6 Industrial Gases - The industrial gases sector is expected to benefit from improved steel profitability and increased demand [59] 4.7 Gas Turbines - The gas turbine sector is showing robust growth, with significant order increases reported [61]

Core Insights - The A-share market's AI narrative is clearly defined by a "hardware-first" approach, with exponential growth in computing power driving significant revenue increases in hardware sectors like CPO, AI servers, and storage chips [1] - The focus is shifting from hardware to applications as the AI industry matures, with expectations for a dual explosion in performance and valuation for AI application companies in 2026 [1][2] - The advertising sector is leading the commercialization of AI applications, particularly in digital advertising, where companies are leveraging AI for operational efficiency and new revenue streams [1][2] Hardware Sector Performance - Industrial Fulian (601138.SH) reported a fivefold year-on-year revenue increase in AI server-related business, while Zhongji Xuchuang (300308.SZ) saw significant growth in optical module revenue [1] - The hardware infrastructure is expected to provide the necessary support for application layers, with several brokerages indicating a shift in investment opportunities from hardware to application sides in 2026 [1] Advertising Sector Developments - Applovin (APP.US) exemplifies the success of AI in advertising, with a stock price increase of up to 56 times since the launch of ChatGPT, and a 71% year-on-year revenue growth in Q1 2025 [2] - BlueFocus (300058.SZ) and Leo Group (002131.SZ) have also begun to realize AI advertising business revenue, benefiting from large existing businesses and rich data resources [2][3] Vertical Industry Applications - Companies in vertical industries such as industrial AI, tax services, and office automation are achieving significant revenue growth through AI integration [5][6] - Nengke Technology (603859.SH) reported AI business revenue of 335 million yuan, accounting for 30.79% of total revenue, driven by its AI Agent products [5] - TaxFriend (603171.SH) achieved a 42.33% year-on-year increase in net profit, attributed to AI-driven revenue growth and efficiency improvements [6] 3D Printing Innovations - The release of Google's Nano Banana Pro is expected to revolutionize the 3D printing industry by significantly reducing design cycles and costs, thus driving demand for raw materials [8] - Companies like Changjiang Materials (001296.SZ) and Yinbang Co. (300337.SZ) are positioned to benefit from the anticipated growth in the 3D printing sector [9][10] Future Outlook - The A-share AI investment landscape is expected to transition from hardware speculation to application performance validation in 2026, with companies that have deep industry knowledge and data barriers likely to see significant profit growth [10] - The common traits among successful AI application companies include strong industry expertise, focus on vertical scenarios, and clear monetization strategies [7][10]

铂力特回复称，公司3D打印产品已应用于低轨卫星上，与SpaceX未合作。 格隆汇12月26日｜有投资者在互动平台向铂力特提问：能否介绍一下公司有布局商业航天低轨卫星的业 务吗，Sp-a-c-eX星链开始全面使用3D打印火箭和卫星制造，公司和SpaceX星链有合作吗？ ...

12月26日，商业航天有所分化，局部高温依旧！航天发展、电科网安、北斗星通集体涨停，铂力特涨超4%续创历史新高！高人气军工ETF华宝 （512810）盘中涨超1%，场内最高价0.771元，一举突破9月1日创下的逾3年高点（0.767元），创下2022年1月6日以来新高！ 消息面，继12月24日我国长征火箭创下"一日三发"新纪录，今日7时26分，我国在海南商业航天发射场使用长征八号甲运载火箭，成功将卫星互联网低 轨17组卫星发射升空，卫星顺利进入预定轨道，发射任务获得圆满成功。 企业层面，商业航天领军企业蓝箭航天的IPO辅导工作已于近日完成，正式向"商业航天第一股"发起冲刺。政策面，12月25日，上海印发《关于支持长 三角G60科创走廊策源地建设的若干措施》，加速航空航天产业发展。 商业航天进入密集催化期，景气度加速上行，有望打开军工行业市场天花板。申万宏源指出，商业航天、低空经济等新域新质领域贡献增加，共同支撑 军工基本面修复预期，当前军工板块可能进入配置周期。 【八一军工，大展宏图】代码有"八一"的军工ETF华宝（512810）（原国防军工ETF）覆盖『商业航天+ 可控核聚变 + 低空经济 + 大飞机 + ...

12月26日，商业航天有所分化，局部高温依旧！航天发展、电科网安、北斗星通集体涨停，铂力特涨超 4%续创历史新高！高人气军工ETF华宝（512810）盘中涨超1%，场内最高价0.771元，一举突破9月1 日创下的逾3年高点（0.767元），创下2022年1月6日以来新高！ | | | | | 军工ETF华宝 (512810) 持仓商业航天概念股 (权重合计28.64%) | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 序号 | 代码 | 前称 | 估算权重(%) | 序号 | 代码 | 简称 | 估算权重(%) | | 1 | 002179.SZ | 中航光电 | 2.73 | 13 | 601606.SH | 长城军工 | 0.97 | | 2 | 600118.SH | 中国12号 | 2.23 | 14 | 600038.SH | 中直股份 | 0.96 | | 3 | 000768.SZ | 中航西飞 | 2.18 | 15 | 000519.SZ | 中兵红箭 | 0.95 | | 4 | 688002.SH | 容创假的 | ...