Core Insights - The national trade friction response meeting highlighted that China is entering a high-intensity phase of trade friction, emphasizing the need for confidence, strategy, and innovation in the face of challenges [1] - China's nuclear power industry has successfully reduced reliance on foreign technology, achieving over 95% localization in key equipment and demonstrating significant advancements in self-developed technologies [1][2] - The nuclear power sector has matured its supply chain, with major companies like China General Nuclear Power Group (CGN) achieving 100% domestic equipment capability for nuclear power plants [1][2] Industry Developments - Since 2016, particularly after the U.S. placed certain Chinese state-owned enterprises on the entity list in 2019, the nuclear power sector has accelerated its self-sufficiency efforts across various fields, including equipment manufacturing and software design [1] - Domestic manufacturers such as Dongfang Electric and Shanghai Electric have developed the capability to produce core equipment like pressure vessels and steam generators [2] - The nuclear fuel component production has transitioned to domestic technology, with ongoing advancements in fuel component research and development [2] Strategic Responses - The nuclear power industry has adopted a collaborative approach with upstream and downstream partners to identify and address potential vulnerabilities in the supply chain due to trade tensions [2] - The industry has expressed confidence in its ability to compete with global leaders like the U.S. and France, asserting that it can not only match but also surpass their nuclear technology in several areas [2]

Core Viewpoint - The construction of a resilient scientific research system is essential for ensuring national technological security and achieving self-reliance in science and technology, especially in the context of increasing global technological competition and geopolitical tensions [3][8]. Group 1: Challenges to the Research System - The scientific research system faces multiple challenges, including accelerated technological iteration, interdisciplinary collaboration risks, sudden public events, and uneven resource distribution [2][4]. - The rapid development of technology brings ethical and regulatory issues, as well as disruptive changes in research paradigms, posing adaptability challenges to traditional research organizational models [2][3]. Group 2: Necessity for a Resilient Research System - A resilient research system is particularly necessary for China due to increasing international competition and sanctions from developed countries, which hinder international research cooperation and access to research facilities [3][4]. - The lack of an independent and self-sufficient research ecosystem in China, along with limited international academic discourse power and weak foundational research, necessitates the establishment of a resilient research system [3][4]. Group 3: Strategies to Enhance Resilience - Enhancing the resilience of the research system should focus on four aspects: technological resilience, institutional resilience, organizational resilience, and social resilience [4][5]. - Strengthening technological resilience involves improving independent innovation capabilities and developing backup plans for critical technologies to mitigate risks from potential technological blockades [4][5]. - Institutional resilience requires continuous evolution and improvement of existing systems to enhance risk resistance, including the establishment of flexible legal frameworks and risk assessment mechanisms [5][6]. - Organizational resilience can be improved by increasing flexibility in resource allocation and fostering collaboration among various research entities to optimize strategies and share resources [6][7]. - Social resilience emphasizes the importance of public engagement and support for scientific research, enhancing scientific literacy, and fostering a stable social environment for technological development [7][8].

LSEG 《前瞻》中国4月底政治局会议料不轻易露"底牌"，但会释放增量信号振奋信心 - Reuters News み 2025年4月25日 10:09:44 上午 中国财长和央行行长近日出席二十国集团（G20）会议，蓝佛安强调中国主张通过平等对话协商解决贸易和关税争议；潘功胜则表示 各方应加强合作，努力避免全球经济滑向'高摩擦、低信任'的轨道。 **明确增量预期** 张迪认为，4月政治局会议或释放更加积极的工作基调：一方面、加快已有政策工具的落实、包括加快政府债券的发行进度、为下半 年政策加码腾出空间；另一方面，给出增量政策信号， 待外部环境进入稳态后， 适时推出政策储备。 路透北京4月25日 - 中国4月底即将召开政治局会议，为全年经济工作开展"划重点"。但鉴于中美谈判形势尚未明晰，分析人士普 遍预期，会议可能难见"大水漫灌"式激进策略. 因为不轻易亮出全部"底牌"。预计随着贸易战进展"攻守兼备", 择机出动, 不过他们认为，总体会议在强调落实既有政策基础上，也会释放增量政策信号提振信心。具体来看，刺激内需尤其是消费的政策将 逐渐浮出水面, 如提高居民收入、提供育儿补贴等, 后续聚焦与社会保障体系密切相关的 ...

1、新思想引领新征程】建设国之重器 筑牢科技自立自强根基； 2、《习近平经济思想系列讲读》节目研讨会在京举行； 3、"十四五"生态保护修复预期目标基本完成； 4、一季度我国装备制造业增加值同比增长10.9%； 5、一季度我国电子商务保持较快增长； 6、电商平台多举措助推外贸企业开拓内销渠道； 7、神舟二十号发射在即 各系统准备就绪； 8、【在希望的田野上】各地高效有序推进春耕春管； 9、国务院新闻办召开"新征程上的奋斗者"中外记者见面会； 10、教育部增设29种普通本科新专业； 11、全国人大常委会启动工会法执法检查； 12、一季度西部陆海新通道进出口规模创新高； 13、一季度金融机构春耕备耕信贷投放力度加大； 14、超135亿元节能减排补助资金预算下达； 15、水利部启动干旱防御四级应急响应； 16、我国已建立三级预防接种服务网络； 17、港珠澳大桥珠海公路口岸一季度进出口创新高； 18、我国首批1000千瓦电池动力机车在大连下线； 19、"何以中国·闽山闽水物华新"网络主题宣传活动在福建武夷山启动； 20、美国领先经济指数3月下跌0.7% 多国人士表示关税政策将使美国自我孤立； 21、俄称打击乌军用机场 ...

每经记者 任飞 每经编辑 肖芮冬 4月22日，财通成长优选公布2025年一季度报告，加上此前披露一季报的大摩数字经济、银华数字经 济，2024年主动权益类基金普通股票型、偏股混合型、灵活配置型基金的业绩冠军一季报全部揭晓。 基金经理金梓才在一季报中总结道，一季度持仓板块进行了大幅调整，基本完全减持了海外算力板块， 结合美国经济现状，以及北美算力投资进入到第三年，海外算力板块后续出现风险的概率可能会加大。 与此同时，银华数字经济A今年一季度的净值增长率达到12.80%，大摩数字经济A同期业绩则录得 1.31%收益率。从两只基金的重仓股调整来看，也都出现了较大的变化。 大摩数字经济一季报显示，新进重仓科泰电源、蓝思科技、胜宏科技等个股，此前重仓的英维克、润泽 科技、海光信息等均获得加仓。基金经理雷志勇表示，该基金聚焦于数字化、智能化为代表的数字经济 板块，一季度增配的国产智算基础设施对基金净值有所贡献。 银华数字经济一季报披露的重仓股也出现不少新面孔，中芯国际、恒玄科技新进成为前两大重仓股，兆 易创新、道通科技的环比加仓幅度超过100%。基金经理王晓川表示，继续聚焦在政策支持的新质生产 力、高水平科技自立自强方向 ...

今年的《政府工作报告》提出，要以科技创新推动产业创新，加快实现高水平科技自立自强。作为国民 经济的支柱产业，石油和化工行业亟须以关键核心技术攻关为突破口，以产学研深度融合为支撑，以创 新生态优化为保障，点燃高质量发展的核心引擎。 破局"卡脖子"技术，以"硬核"创新筑牢产业根基。化工产业链条长、技术密集度高，核心技术缺失始终 是行业高质量发展的最大制约。化工企业要积极参与国家重大科技项目建设，找到打破技术封锁的关键 路径。以南化公司为例，他们通过优化反应工艺、开发新型催化剂产业体系，不仅将产品收率提升至国 际领先水平，还带动上下游产业链实现协同增效。在"卡脖子"关键技术领域，南化聚焦碳捕集、利用与 封存技术攻关，自主研发的碳捕集溶剂已进入规模化试验阶段，为传统化工企业低碳转型提供了自主解 决方案。 深化产学研融合，以协同创新加速科技成果转化。科技成果转化"最后一公里"不畅，一直是制约科技创 新的痛点。化企要通过与高校共建联合实验室、引入院士工作站等方式，缩短实验室成果转化为生产力 的周期。一方面，企业应主动"出题"，发布技术需求清单，设立产业创新联合体，引导科研资源向关键 领域集聚；另一方面，高校和科研机构要转 ...

Investment Rating - The report maintains an "Overweight" rating for the computer industry, expecting the industry index to outperform the market index by more than 10% in the next six months [33]. Core Insights - The urgency for technological self-reliance in the new situation highlights the potential for the domestic innovation industry to seize new development opportunities. The report suggests focusing on companies with competitive advantages in basic hardware, basic software (databases, operating systems, middleware), and application software [29][30]. Summary by Sections 1. Industry Performance Review - The Shenwan computer sector has seen a cumulative decline of 6.70% over the past two weeks, underperforming the CSI 300 index by 4.39 percentage points, ranking 28th among 31 Shenwan primary industries. In April, the sector dropped 8.21%, lagging behind the CSI 300 by 5.25 percentage points. Year-to-date, the sector has decreased by 1.22%, outperforming the CSI 300 by 2.92 percentage points [5][13]. 2. Valuation Situation - As of April 17, 2025, the Shenwan computer sector's PE TTM (excluding negative values) stands at 49.68 times, positioned at the 71.10th percentile over the past five years and the 57.30th percentile over the past ten years [22][26]. 3. Industry News - Key developments include: 1. Chinese lidar brands hold a 92% share of the global market, with RoboSense leading at 26% market share [25]. 2. ByteDance's new model reduces reasoning costs by 50% compared to DeepSeek R1 [25]. 3. Henan province aims for a computing power scale exceeding 120 EFlops by 2027 [25]. 4. The first national standard for cloud supercomputing has been released [25]. 5. OpenAI launched the GPT-4.1 series models, which are seen as a significant upgrade [25]. 4. Company Announcements - Notable announcements include: 1. Chengdi Xiangjiang won a bid for an AI data center project worth approximately 595.41 million yuan [27]. 2. Desay SV plans to repurchase shares worth 300 million to 600 million yuan [27]. 3. Jiechuan Intelligent expects a net profit of 12 million to 17 million yuan for Q1 2025, marking a significant year-on-year increase [27]. 4. Nasda reported a revenue of 26.415 billion yuan for 2024, with a net profit of 749 million yuan [27]. 5. Donghua Software reported a total revenue of 13.323 billion yuan for 2024, with a net profit of 499.7 million yuan [27]. 5. Weekly Perspective - The resurgence of international trade frictions emphasizes the urgency for China to achieve technological self-reliance, potentially accelerating the domestic substitution process. The report recommends focusing on companies with competitive advantages in foundational hardware and software [29][30]. 6. Recommended Companies - The report highlights several companies to watch, including: 1. GuoDian YunTong (002152.SZ) for its stable growth in fintech and deepening layout in data elements and computing power [31]. 2. Digital China (000034.SZ) as a core partner in the "Kunpeng + Ascend" industrial chain [31]. 3. Inspur Information (000977.SZ) for its focus on cloud computing and AI [31]. 4. Tax Friend (603171.SH) for its leading position in fiscal information services [31]. 5. Softcom Power (301236.SZ) for its role in the Harmony ecosystem [31].

导读： 四方仪器携多款产品亮相北京环保展，仪器信息网采访了四方仪器副总经理石平静，针对当前污染源监测、高端仪器国产化等话题展开讨论。 特别提示 微信公众号机制调整，请点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 仪器信息网讯 2 0 2 5年4月1 0日- 1 2日，四方光电（武汉）仪器有限公司（简称"四方仪器"）携众多重磅产品亮相第二十三届中国国际环保展览 会（CIEPEC 2 0 2 5），四方仪器（展位号8B2 0 7）已连续1 0年参加中国国际环保展览会，此次参展，为大家带来了涵盖"温室气体监测、固定 源气体排放监测、移动源排放检测、工业过程气体监测、环境监测气体传感器应用"五大领域的产品及综合解决方案。同时，在展会中，仪器信 息网也采访了四方仪器副总经理石平静，针对当前污染源监测、高端仪器国产化等话题展开讨论。 展会现场 L R G A - 3 1 0 0激光拉曼光谱分 析仪 在移动源排放检测领域，四方仪器也展出了一系列配套产品和解决方案。据了解，"十四五"以来，我国大气污染防治形势发生了深刻变化，移 动源的影响日益凸显，移动源排放的氮氧化物和挥发性有 ...

首先，从制度创新来看，新型举国体制构建科技创新的制度基石。从举国攻关到"揭榜挂帅"，我国形成 了基础研究到产业转化的全链条体系。2024年我国全社会研究与试验发展(R&D)经费支出超过3.6万亿 元，持续保持高强度研发经费投入，基础研究占比持续提升。政府引导与市场主导的协同模式，在人工 智能、生物医药、商业航天等新质生产力赛道屡创"中国速度"与"中国奇迹"。 从人才战略来看，人才强国为全球科技发展竞争注入中国智慧。从1995年科教兴国战略奠基到新时代人 才强国系统演进，我国构建了自主培养战略科学家、科技领军人才、青年科技人才、卓越工程师的多层 次体系，人才红利从规模优势迈向质量效能引领的新阶段。 杨林表示，党的二十大确立了到2035年实现高水平科技自立自强、建成科技强国的战略目标。国家的高 度重视和支持带来中国科技的破浪崛起，逐步实现从科技自立自强到科技自信。 中国科技体系化创新成果斐然，重塑全球竞争格局。从量子通信的突破到人工智能的领先，科技不仅推 动着生产力的巨大进步，更深刻地影响着国家间的竞争格局。世界知识产权组织数据显示，我国是10年 来创新力上升最快的经济体之一，2024年我国创新指数排名较2023 ...

原标题：以科技创新增强抵御外部冲击的底气 我们已与美国打了8年贸易战，而这8年正是中国经济发展"含新量"不断上升的8年。无论是所谓"小 院高墙"，还是"脱钩断链"，都没能阻挡中国经济发展和科技进步。中国科技创新实力正在从量的积累 迈向质的飞跃，从点的突破迈向系统能力提升，在集成电路、人工智能、人形机器人等领域创新成果密 集井喷，带动了产业发展，提振了市场信心，增强了抵御风浪的能力。 如今，面对美政府变本加厉的霸凌行径，我们更要以破釜沉舟的决心和勇气坚定不移做"困难而正 确"的事，闯出科技创新"华山一条道"。从某种意义上来说，外部的遏制打压是一种"反向激励"，它倒 逼我们走出"舒适区"，摆脱创新惰性，激发内在潜能与活力。从华为的绝地反击到DeepSeek的横空出 世，无不验证了"哪里有封锁，哪里就有突围"。在攻关核心技术的实验室里，在产教融合的课堂上，在 产业升级的车间中，每一份创新的努力，都积蓄起中国勇开顶风船的更大能量。 外部环境越是严峻复杂，我们就越要扎实推动科技创新和产业创新深度融合，加快现代化产业体系 建设，让中国全产业链优势无可替代。我们可以依托持续科技创新不断提升产品附加值，增强出口产品 的国际竞 ...