Performance Forecast - The company expects a net profit attributable to shareholders of between 2 million and 3 million yuan, a significant decrease of 98.47% to 98.98% compared to the previous year's profit of 195.83 million yuan [1] - The company anticipates a net loss of between 30 million and 33 million yuan after deducting non-recurring gains and losses, compared to a profit of 107.60 million yuan in the same period last year, reflecting a decline of 127.88% to 130.67% [1] - Basic earnings per share are projected to be between 0.0008 yuan and 0.0012 yuan, down from 0.0789 yuan per share in the previous year [1] Communication with Auditors - The financial data related to this performance forecast has not been audited by the accounting firm, but the company has communicated with the auditors regarding the performance forecast, and there are no disagreements between the two parties [1] Reasons for Performance Change - The decline in profit is attributed to industry client adjustments and cyclical fluctuations, which have delayed contract signings. Additionally, the company is actively engaged in technology research and development in emerging fields such as chips, satellite internet, Beidou, intelligent unmanned systems, low-altitude economy, 6G, robotics, brain-computer interfaces, and smart wearables, which has impacted profitability during the reporting period [1]

法国欧洲通信卫星公司10日说，英国计划向该公司投资1.63亿欧元（约合1.91亿美元），以使其更有力 地抗衡美国企业家埃隆·马斯克旗下太空探索技术公司的"星链"项目。 欧洲通信卫星公司说，英国完成注资后，公司获得的注资总金额将达15亿欧元（17.5亿美元）。据路透 社报道，英国届时将持有欧洲通信卫星公司10.89%的股权，从而避免其股权遭法国稀释。（新华社） ...

据知情人士透露，由埃隆・马斯克创立并掌控的太空探索技术公司（SpaceX），正处于融资及内部股 份出售计划的商讨阶段。若此次交易最终成行，这家集火箭研发、卫星制造于一体的科技企业，估值将 攀升至约 4000 亿美元。这一数字不仅是对公司现有业务实力的认可，更预示着其在商业航天领域的地 位将进一步巩固。 估值创美国私营企业纪录，与行业巨头比肩 4000 亿美元的估值若落地，将一举刷新美国私营企业的估值纪录，成为行业内的新标杆。回顾历史数 据，SpaceX 在去年 12 月进行股份回购时，估值为 3500 亿美元，短短半年多时间内，其估值预期便增 长了 500 亿美元。从行业横向对比来看，这一估值已能与 TikTok 母公司字节跳动、人工智能领域的明 星企业 OpenAI 站在同一水平线上，凸显出市场对 SpaceX 未来发展潜力的高度看好。 Starlink 的贡献与 Starship 的突破潜力 作为全球火箭发射服务领域的领军者，SpaceX 长期以来凭借成熟的技术和高效的发射能力占据行业优 势地位。然而，今年六月的德州测试台爆炸事件，给 Starship 火箭计划蒙上了一层阴影，也让公司面临 着不小的技术挑 ...

早 报 精 选 尊重、和平共处、合作共赢的原则，发挥好中美经贸磋商机制作用，继续加强对话沟 通，以实际行动维护和落实好两国元首通话重要共识，共同推动中美经贸关系稳定、 健康、可持续发展，为世界经济发展注入更多确定性和稳定性。 1、 美商务部长称可能于8月初与中方谈判代表会面，商务部回应。 2、商务部：已部署开展打击战略矿产走私出口专项行动。 3、2025年退休人员养老金调整：上调2%。 3、昨日的商务部例行新闻发布会上，新闻发言人就中国政府是否已采取相关措施打击 关键矿产转运和走私行为作出了回应。何咏前表示，今年5月，中国国家出口管制工作 协调机制办公室，已部署开展打击战略矿产走私出口专项行动，相关信息可在商务部 网站查询。 5、当地时间7月9日，特朗普宣布对铜征50%关税。中国外交部发言人毛宁对此表 示：中方一贯反对泛化国家安全概念，我们也始终认为关税战、贸易战没有赢家，滥 施关税不符合任何一方的利益。 4、智元机器人回应拟港股IPO：不属实。 5、北方稀土：第三季度稀土精矿交易价格调整为不含税19109元/吨，环比上涨 1.5%。 宏 观 新 闻 1、 《中华人民共和国政府和马来西亚政府关于互免持公务普通 ...

Investment Rating - The report maintains an investment rating of "Outperform the Market" for the telecommunications industry [1][42]. Core Insights - The MWC Shanghai showcased new opportunities in low-orbit satellite ground infrastructure, with AMD Helios cabinets potentially utilizing more optical modules and copper cables [2][5]. - CoreWeave has initiated the first batch of shipments for the GB300 NVL72 system, expected to significantly enhance AI computing capabilities, with a projected shipment of over one million units of GB200 by 2025 [5][16]. - Oracle has signed a substantial cloud computing agreement worth $30 billion, anticipated to contribute over $30 billion annually starting from the 2028 fiscal year, indicating strong demand for AI computing resources [6][17]. - The new leadership at China Star Network is expected to accelerate the construction and commercialization of low-orbit satellite internet, with a focus on market-oriented operations and ecosystem breakthroughs [7][18][19]. Summary by Sections Industry Dynamics - The telecommunications industry is experiencing a shift towards AI computing and satellite internet, driven by significant investments and technological advancements [5][6][7]. - The demand for AI computing is expected to remain robust, with a favorable outlook for the second half of the year and into the next [5][16]. Market Performance - The overall market showed mixed performance during the week of June 30 to July 6, 2025, with the Shanghai Composite Index rising by 1.40% and the Shenzhen Component Index increasing by 1.25% [9][20]. - The telecommunications sector saw a slight decline, with the Shenwan Communications Index down by 0.10% [9][20]. Key Companies to Watch - Recommended companies in the overseas computing sector include Zhongji Xuchuang, Xinyi Sheng, Tianfu Communication, and others [8][20]. - In the satellite internet space, companies such as Shanghai Huanxun and Xinke Mobile are highlighted for potential investment [8][20].

乌克兰最大的移动运营商Kyivstar：乌克兰将于2026年第二季度成为首个通过星链（Starlink）提供移动 卫星互联网服务的欧洲国家。 ...

截至2025年7月10日午间收盘，航空航天ETF天弘(159241)回调蓄势，换手8.13%，半日成交3002.55万元。 航空航天ETF天弘（159241）紧密跟踪国证航天航空行业指数，高度聚焦战机和卫星产业链等航空航天核心发展方向，样本公司与低空经济、大飞机、卫星 互联网等热门主题高度契合，成分股深度参与商业航天等新兴领域，受益于政策与市场的双重推动。 亮点一："含军工量"第一 跟踪指数96.24%的成分股属于申万一级国防军工行业，"含军量"远超军工龙头（90.91%）、中证国防（88.95%）、中证军工（80.10%）等军工宽基指数。 亮点二："无人机含量"第一 跟踪指数成分股中，航天彩虹、中无人机、洪都航空、北方导航、华力创通等均深度参与无人机，是全市场无人机含量最高的指数。 截至7月9日，航空航天ETF天弘(159241)最新规模达3.74亿元，创成立以来新高。航空航天ETF天弘(159241)最新份额达3.38亿份，创近1月新高。 从资金净流入方面来看，航空航天ETF天弘(159241)最新单日净流入4213万元，居同类产品第一！该基金近10天获得连续资金净流入，合计"吸金"2.01亿 元。 全球 ...

随着任务频次的加快，从Fast launch转变为Lightning launch，监管部门批复效率已经惊为天人。 由于采用的是全产业链垂直整合的模式，所以，SpaceX可以看作是全球商业航天企业的"假想敌"。特别是在当前的地缘环境下，我们更有必要好好的拆解 SpaceX在过去一年中的进展，"他山之石，可以攻玉。" 1，火箭制造与发射 这是SpaceX的看家本领，也是领先于国内产业生态的核心所在。 C114讯 7月10日消息（颜翊）"钢铁侠"马斯克的SpaceX到底值多少钱？ 彭博社昨日援引知情人士的话称，SpaceX正讨论融资及内部股份出售计划，估值约4000亿美元（C114注：现汇率约折合人民币2.87万亿）。在去年年底，这 个数字大概是3500亿美元；也就是说，半年过后又增长了500亿美元。 | 火箭 | "长征"二号D | "猎鹰" 9—次性发射 | "猎鹰"9回收发射 | | --- | --- | --- | --- | | 设计运力 | 4t | 22t | 17.4t | | 发射服务总价 | 1.13亿元人民币 | 6975万美元 | 2100万美元(测算) | | 单位载荷发射服务价格 | ...

NO.1泰达币发行人Tether在瑞士秘密金库中持有价值80亿美元的黄金 当地时间7月8日，据外媒报道，作为全球最大稳定币的发行者，Tether Holdings SA在瑞士拥有自己的金 库，存放着价值80亿美元的黄金，并着眼于扩大黄金储备。该公司表示其目前持有近80吨黄金，其中绝 大部分由Tether直接持有，使其成为除银行和国家之外全球最大的黄金持有者之一。 点评：Tether持有巨量黄金储备的消息，强化了其稳定币背后资产安全性的市场认知，可能影响投资者 对该公司及稳定币相关业务的信心。 7月8日，关于公司大规模裁员的传闻，Manus方面回应称："基于公司自身经营效率考量，我们决定对 部分业务团队进行调整。公司将继续专注核心业务发展，提升整体运营效率。"此前，社交平台上信息 显示，Manus近期对旗下部分国内业务进行裁员，并将核心技术人员迁往新加坡总部，公司目前在中国 区的员工总数为120人左右。 点评：Manus裁员并调整业务布局，凸显其全球战略转移。此举或影响市场对该公司盈利能力的预期。 NO.5应对AI时代挑战，微软、OpenAI等牵头建立教师培训学院 NO.2马斯克旗下SpaceX被曝拟出售内部股 ...

Group 1 - US stock market showed mixed results with Dow Jones down 0.37%, Nasdaq up 0.03%, and S&P 500 down 0.07% [1] - Tesla rebounded by 1.32% and Nvidia increased by 1.12%, both reaching new highs [1] - Meta Platforms and Apple saw increases of up to 0.32%, while Microsoft decreased by 0.22% and Google A dropped by 1.37% [1] Group 2 - Trump seeks to tighten clean energy tax regulations, leading to a decline in solar stocks, with SunRun falling over 11% [2] - Trump announced a 50% tariff on copper and a 200% tariff on pharmaceuticals, resulting in the largest increase in copper futures since 1968 [2] Group 3 - Meta invested $3.5 billion in EssilorLuxottica to advance its AI glasses strategy [3] Group 4 - SpaceX, owned by Musk, achieved a valuation of approximately $400 billion during a stock sale [4][11] Group 5 - Hugging Face released an open-source top model featuring dual-mode reasoning and 128K context, marking a significant advancement in AI [5] Group 6 - The 2025 Esports World Cup will be held in Riyadh, Saudi Arabia, with a total prize pool exceeding $70 million [6] Group 7 - Germany warned that the EU is prepared to retaliate if a fair trade agreement cannot be reached [7] Group 8 - Morgan Stanley predicts TSMC will continue to exceed expectations in Q2, with strong advanced process orders, although the appreciation of the New Taiwan Dollar may pose profitability challenges [8] Group 9 - The Chinese government is promoting the application of new technologies like AI in public services, as outlined in a recent policy document [9] Group 10 - Pacific Securities noted that multiple indices broke through their consolidation ranges, indicating a strong short-term market trend [10] - Everbright Securities suggested that if the Shanghai Composite Index surpasses 3500 points, it could further boost market confidence and attract more capital [10] Group 11 - Shentong Express partnered with Cainiao to accelerate the application of unmanned delivery vehicles, aiming to deploy 2000 unmanned vehicles by the end of the year [12] - Guohai Securities highlighted that the development of regulations for unmanned vehicles is paving the way for the logistics industry's standardization [12] Group 12 - The National Development and Reform Commission and six other departments released a plan to enhance the childcare service system, projecting the market size for childcare services in China to reach 151.81 billion yuan by 2024 [16]