每经头条（nbdtoutiao）——特朗普强要格陵兰岛，丹麦一养老基金率先清仓美债，美国资产全线下 跌！欧洲手握"金融核按钮"，双方会"鱼死网破"吗？专家解读→ （记者 曾健辉） 每经AI快讯，航天智装发布公告称，2026年1月21日，航天智装接受华泰证券等投资者调研，公司副总 经理、董事会秘书曹昶辉先生参与接待，并回答了投资者提出的问题。 ...

南财智讯1月22日电，航天智装在投资者关系活动中表示，公司子公司轩宇空间研发的微系统产品在高 可靠抗辐照加固设计方面具有较强优势，多款高等级抗辐照类处理器、存储器产品已实现市场应用；控 制系统核心部组件产品具备轻小型化、高集成和高性能特点，已在商业航天等领域推广应用，并具备产 业化大规模研制基础。 ...

Group 1: Company Overview and Technology - The company has strong advantages in radiation-hardened design, with several products successfully applied in high-grade radiation-resistant processors and memory markets [3] - The core components of the control system have achieved lightweight, high integration, and high performance, laying a foundation for large-scale industrialization [3] - The company is focusing on the development of new-generation intelligent nuclear robots and special equipment robots, aiming to build an innovation system that integrates industry, academia, and research [4] Group 2: Market Strategy and Future Outlook - The company aims to consolidate its position in the aerospace chip market while actively expanding into commercial aerospace and industrial control sectors [3] - The rapid development of the commercial aerospace industry is expected to increase demand for high-reliability, high-performance, and miniaturized chip products, with market growth anticipated [6] - The company plans to enhance its market presence and project development while maintaining cost control and budget management to support steady operational growth [6] Group 3: Research and Development - The company is increasing its R&D investment, successfully overcoming technical challenges in key products for railway vehicle safety detection and maintenance [4] - Several high-performance chips are transitioning to evaluation and production stages, indicating progress in core technology development [4] Group 4: Corporate Social Responsibility - The company integrates social responsibility into its core operations, focusing on balancing corporate and social interests [6] - It emphasizes employee rights protection, establishing a scientific compensation management system to ensure labor rights [6] - The company promotes green production and sustainable development practices [6]

Core Insights - The computer simulation industry in China is experiencing fluctuating investment activity, with a total of 108 financing events from 2016 to 2025, indicating a volatile upward trend in investment [2][27]. - The average single financing amount in the computer simulation industry has shown a fluctuating trend, with an average of 0.3 billion yuan from January to November 2025 [4]. - Investment rounds are primarily concentrated in the angel and A rounds, reflecting a "large at both ends, small in the middle" characteristic in financing rounds [7][23]. Investment Activity - In 2024, there were 12 disclosed financing events totaling 0.873 billion yuan, while by December 1, 2025, there were 30 financing events totaling approximately 0.889 billion yuan [2][3]. - The majority of financing events are concentrated in Beijing, with 40 events, followed by Shanghai with 33 events, and other regions like Jiangsu, Guangdong, and Zhejiang also showing high activity [8]. Sector Focus - The computer simulation industry is primarily focused on the industrial sector, with significant financing events occurring between 2021 and 2023 [11]. - The main investors in the computer simulation industry are predominantly investment firms, with notable examples including交银投资 and 深创投, while industrial investors include companies like 比亚迪 and 金蝶国际 [23]. Mergers and Acquisitions - The industry is still in its early development stage, leading to smaller company sizes and limited mergers, primarily focusing on horizontal integration among midstream companies to expand scale [25][27]. - Recent merger activities include horizontal integrations such as 索辰科 acquiring 力控科技 and 露辰科 acquiring 麦思捷 [26].

（文章来源：证券日报） 证券日报网讯 1月20日，航天智装在互动平台回答投资者提问时表示，杭州轩宇剥离后，公司仍有康拓 信息、轩宇空间、轩宇智能三家全资子公司，主营业务方向为铁路车辆运行安全检测及检修，智能仿真 测试、微系统及控制部组件，核工业及特殊环境自动化设备，主营业务未发生改变。 ...

Group 1 - The company, Aerospace Intelligent Equipment, has a diverse range of products in the aerospace sector, with some processes already automated [2] - Due to varying customer demands, certain products are customized, making them unsuitable for automated production lines [2]

格隆汇1月20日丨航天智装(300455.SZ)在投资者互动平台表示，公司暂无增资计划。 ...

Core Insights - The global computer simulation industry market size reached $300 billion, growing from $182.5 billion in 2018, with a projected growth trend from 2019 to 2024 [3][11] - Computer simulation technology has penetrated various industries, initially starting in military applications and expanding into civil sectors such as aviation, education, and manufacturing [1][11] Industry Overview - Major listed companies in the computer simulation industry include Huali Chuangtong (300045.SZ), Holowell (688682.SH), and others [1] - The industry has seen significant growth due to advancements in internet and information technology, with a forecasted market size of approximately $300 billion by 2024 [3] Application and Development Trends - Computer simulation technology is widely applied across defense, industrial, and various human production and life aspects, including aerospace, electronics, and energy sectors [11][13] - The application range is continuously extending, with emerging markets in developing countries like China and India expected to accelerate growth [9][13] - The technology has evolved from theoretical research to practical applications in production, driving demand and enhancing simulation capabilities [11][13] - Cloud-native architectures are transforming the market by providing "simulation as a service," improving accessibility and efficiency [13]

Group 1 - The core viewpoint of the news is that Aerospace Intelligent Equipment experienced a significant decline in stock price and financial performance, indicating potential challenges for the company [1][2]. - On January 15, Aerospace Intelligent Equipment's stock fell by 6.77%, with a trading volume of 1.749 billion yuan. The net financing buy was -26.39 million yuan, with a total financing and margin balance of 856 million yuan [1]. - The company reported a revenue of 696 million yuan for the first nine months of 2025, a year-on-year decrease of 2.62%, and a net profit attributable to shareholders of -158 million yuan, a significant decline of 674.05% [2]. Group 2 - As of September 30, 2025, the number of shareholders for Aerospace Intelligent Equipment increased to 40,400, up by 5.99%, while the average circulating shares per person decreased by 5.65% to 17,525 shares [2]. - The company has distributed a total of 212 million yuan in dividends since its A-share listing, with 32.3 million yuan distributed in the last three years [3]. - Among the top ten circulating shareholders, E Fund National Robot Industry ETF is the sixth largest with 11.4152 million shares, while Hong Kong Central Clearing Limited and Guotai Junan Securities have reduced their holdings [3].

Market Overview - The A-share market experienced fluctuations with the Shanghai Composite Index down by 0.64% to 4138.76, the Shenzhen Component Index down by 1.37% to 14169.40, and the ChiNext Index down by 1.96% to 3321.89, while the total market turnover reached 3.7 trillion yuan [1][2][8]. Sector Performance - Sectors such as pharmaceuticals, precious metals, electric grid equipment, and oil service engineering showed positive performance, while previously popular sectors like commercial aerospace, controllable nuclear fusion, low-altitude economy, and chips faced declines [2][9]. - The electric grid equipment sector saw a significant rebound, with some stocks like YN Power and Double Jet Electric hitting their daily limit up by 20% and 30% respectively, indicating strong market interest [4][11]. Capital Flow - Major capital inflows were observed in the media sector with over 15.8 billion yuan, pharmaceuticals with over 9.1 billion yuan, and non-ferrous metals with over 5.3 billion yuan. Conversely, the electronics sector faced a net outflow exceeding 36 billion yuan [3][10]. Future Outlook - Analysts from Guangfa Securities suggest that if the spring market rally occurs earlier, it may indicate a favorable economic cycle, with potential adjustments in mid-January providing good investment opportunities [3][10]. - Haitong Securities noted that while the spring market may still have room for growth, the concentration of trading structures could lead to a rotation in market trends, advising investors to focus on high-value sectors with improving external demand [3][10]. Industry Developments - The Ministry of Industry and Information Technology and other departments released guidelines for the construction and application of industrial green microgrids, aiming to enhance green electricity usage in industrial sectors [6][13]. - The global demand for electricity in data centers is projected to increase significantly due to AI applications, with estimates suggesting an additional 325 to 580 TWh by 2028, which will elevate overall electricity demand [6][13]. - Goldman Sachs forecasts that investments in global digital infrastructure and energy systems driven by AI could reach 5 trillion USD over the next decade, with electric grid equipment being a primary beneficiary [6][13]. Transformer Industry Insights - Data from the General Administration of Customs indicates that transformer exports from January to November 2025 reached 57.86 billion yuan, marking a year-on-year increase of 36.3% [14]. - The transformer industry is currently facing significant order backlogs, leading to supply chain bottlenecks and market shortages [14]. Commercial Aerospace Sector - The commercial aerospace sector experienced a sharp decline, with the sector index dropping by 5.01%, and numerous stocks within the sector facing significant losses, including Aerospace Huan Yu and Aerospace Software [6][14][15].