凤凰网财经讯 10月23日，市场探底回升，三大指数全线收红。截至收盘，沪指涨0.22%，深成指涨 0.22%，创业板指涨0.09%。沪深两市成交额1.64万亿，较上一个交易日缩量239亿。 | | | | | 沪深京重要指数 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 *● | 咸新 | 涨幅% | | 涨跌 涨跌家数 | 张速% | 息手 | 现手 金额 | | 上证指数 | 3922.41 | 0.22 | 8.65 | 1289/973 | 0.03 | 5.65 7. | 94.1万 7189.31亿 | | 深证成指 | 13025.45 | 0.22 | 28.84 | 1675/1154 | 0.02 | 6.15亿 | 171万9249.78亿 | | 北证50 | 1455.37 | -1.07 | -15.70 | 74/201 | 0.01 | 750万 | 12.6万 170.25亿 | | 创业板指 | 3062.16 | 0.09 | 2.84 | 758/608 | 0.04 | | 1.69亿 6 ...

教育是国计，也是民生。 高等教育累计向社会输送5500万人才，学前教育毛入学率达92%，义务教育全国2895个县域实现基本均 衡……"十四五"时期，我国建成规模最大且高质量的教育体系，人才"蓄水池"不断扩容，为强国建设提 供有力人才支撑。 今年10月1日，国家航天局发布了行星探测工程天问二号探测器与地球合影图像。拍摄这张珍贵合影的 机械臂监视相机镜头，是由浙江大学光电科学与工程学院智能光学成像团队研制。从"神舟"飞天， 到"嫦娥"奔月，再到"天问"探火……伴随教育事业的不断发展，一批批拔尖创新人才和专门人才接连涌 现，教育服务经济社会发展能力不断提升。 "十四五"时期，高校获得75%以上国家自然科学奖和技术发明奖、55%以上的科技进步奖，特别是在生 命科学、量子科技、人工智能等领域取得一批原创性成果，哲学社会科学和文化艺术持续发展也取得显 著成效。 三百六十行，行行出状元。职业技能人才同样是推动产业创新升级的重要力量。"中国制造"走向"中国 创造"，职业教育供给了现代产业70%以上新增高素质高技能人才。职普融通、产教融合的职业教育体 系，为推进中国式现代化源源不断培养大国工匠、能工巧匠和高技能人才。 育才造士 ...

Core Insights - The quantum technology sector experienced a significant surge, with companies like Geer Software hitting the daily limit up, and others such as Jida Zhengyuan, Hexin Instruments, Keda Guochuang, and Guodun Quantum also seeing gains [1] Group 1 - Google's announcement on October 22 regarding its "Willow" quantum chip achieving the first verifiable quantum advantage algorithm on hardware has driven interest in the quantum technology sector [1] - The performance of the "Willow" quantum chip surpasses the fastest classical supercomputers by a factor of 13,000 times, highlighting its potential impact on computational capabilities [1]

Group 1 - The core viewpoint emphasizes that education is crucial for national development and people's livelihoods, with significant achievements in various educational sectors during the "14th Five-Year Plan" period [1] - Higher education has produced 55 million talents, with a gross enrollment rate of 92% in preschool education and basic balance achieved in compulsory education across 2,895 counties [1] - The government is progressively implementing free preschool education, benefiting approximately 12 million children this autumn semester, and the enrollment rate for disabled children's compulsory education has reached 97% [1] Group 2 - The article highlights that the competition in today's world is fundamentally a competition for talent and education, with significant advancements in space exploration linked to educational development [2] - During the "14th Five-Year Plan" period, universities received over 75% of national natural science awards and technology invention awards, and over 55% of technology progress awards, particularly excelling in life sciences, quantum technology, and artificial intelligence [2] - Vocational education is crucial for industrial innovation, supplying over 70% of new high-quality skilled talents for modern industries, supporting the transition from "Made in China" to "Created in China" [2]

Group 1 - The core viewpoint emphasizes the importance of education as a national strategy and a means of improving people's livelihoods, highlighting the significant achievements in China's education system during the "14th Five-Year Plan" period [1] - The higher education system has produced 55 million talents, with a gross enrollment rate of 92% in preschool education and basic balance achieved in compulsory education across 2,895 counties [1] - The government is gradually implementing free preschool education, benefiting approximately 12 million children this autumn semester, and the enrollment rate for disabled children's compulsory education has reached 97% [2] Group 2 - The article discusses the need to strengthen teacher quality and ethics, with a focus on cultivating educational values and reducing teachers' burdens by over 65% [2] - It highlights the comprehensive development of students through a well-rounded education system that includes moral, intellectual, physical, aesthetic, and labor education [2] - The article notes that the competition in the modern world is fundamentally a competition for talent and education, with significant contributions from higher education institutions in various scientific fields [4] Group 3 - Vocational education is identified as a crucial driver for industrial innovation, providing over 70% of new high-quality skilled talents for modern industries [6] - The integration of vocational and general education is emphasized as a means to cultivate skilled workers and craftsmen essential for national modernization [6] - The article concludes by asserting that education is foundational for national prosperity and the happiness of the people, reinforcing the commitment to building a strong education system [6]

Core Viewpoint - The A-share market is experiencing weak fluctuations, with the Shanghai Composite Index down 0.04%, the Shenzhen Component down 0.24%, and the ChiNext Index down 0.27% as of 9:34 AM on October 23. The market is showing mixed performance across sectors, with coal and banking stocks performing well, while engineering machinery and oil & gas sectors are experiencing pullbacks. The focus for future market direction may shift towards the "14th Five-Year Plan" policies [1]. Group 1: Sector Performance - The Shenzhen state-owned enterprise reform sector surged, with stocks like Shenfang Textile A and others hitting the daily limit [2]. - Quantum technology concept stocks strengthened, with Tengjing Technology rising over 10% following Google's announcement of a breakthrough in quantum algorithms, claiming a speed advantage over the best supercomputers by 13,000 times [3]. Group 2: Institutional Insights - Debon Securities warns of potential risks related to market liquidity if trading volume continues to decline, suggesting a cautious approach and a balanced allocation strategy. The upcoming focus on the "14th Five-Year Plan" policies may become a new market theme, with particular attention to technology and sectors like "deep earth economy" [4]. - Huajin Securities highlights that the "14th Five-Year Plan" could reinforce the technology sector, with potential beneficiaries including industries related to self-reliance in technology, consumer stimulation, green transformation, and national security [5]. - Everbright Securities believes that the recent market adjustments do not alter the overall trend, with expectations for continued upward movement in indices, particularly in the consumer electronics sector, which may be stimulated by the upcoming Shanghai International Consumer Electronics Show [6].

Core Insights - China Unicom reported a revenue of 293 billion yuan for the first three quarters of 2025, a year-on-year increase of 1.0%, and a net profit of 8.8 billion yuan, up 5.2% year-on-year [1] - The company is focusing on integrated innovation and expanding new productive forces, maintaining a positive momentum in operational development [1] - All three major telecom operators in China, including China Mobile and China Telecom, have shown steady growth in revenue and net profit [1] Group 1: Business Growth - China Unicom's mobile user base reached 356 million, with a net increase of 12.48 million users, while fixed broadband users reached 129 million, with a net increase of 6.79 million users [2] - The number of IoT connections surpassed 700 million, indicating a significant expansion in connectivity [2] - The company's cloud revenue reached 52.9 billion yuan, and data center revenue was 21.4 billion yuan, reflecting an 8.9% year-on-year increase [2] Group 2: Technological Advancements - China Unicom is enhancing its capabilities in next-generation internet, big data, AI, and cybersecurity, with a focus on 6G, low-altitude smart networks, and quantum technology [3] - R&D expenses increased by 5.9% year-on-year, leading to more significant achievements in technology [3] - The company is integrating 5G, AI, and industrial internet to empower various industries, with over 20,000 customers served by its 5G virtual private network [2] Group 3: Strategic Initiatives - China Unicom plans to spin off its subsidiary, Unicom Smart Network Technology Co., Ltd., for listing on the Shenzhen Stock Exchange's Growth Enterprise Market [4] - This spin-off aims to enhance the innovation and operational quality of Smart Network Technology, allowing it to leverage capital markets for growth in the vehicle networking sector [4] - The spin-off is part of China Unicom's broader strategy to optimize its industrial layout and strengthen core competitiveness [4] Group 4: Financial Performance of Subsidiary - Unicom Smart Network Technology reported revenues of 437 million yuan, 574 million yuan, and 809 million yuan for the years 2020, 2021, and 2022, respectively, with net profits of 75 million yuan, 117 million yuan, and 100 million yuan [5] - The company focuses on vehicle networking and smart transportation, aligning with national strategies for building a strong transportation and digital economy [6]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Insights - In Q3 2025, the company achieved revenue of 1.25 billion RMB, a year-on-year increase of 5.0%, with gross profit rising by 9.8%. The net profit attributable to shareholders after deducting non-recurring items was 120 million RMB, reflecting a growth of 17.5% year-on-year [2] - The software and IT solutions segment generated revenue of 860 million RMB in Q3, up 9.9% year-on-year, while the digital operations segment saw revenue decline by 4.2% to 400 million RMB. The smart customer service and consumer finance marketing business grew by 11.2% to 250 million RMB, whereas the intelligent operations and services segment fell by 22.1% to 150 million RMB [3] - The company has established a wholly-owned subsidiary in Hong Kong to create a cross-border technology collaboration platform, targeting diverse clients in banking, securities, and funds. It has signed cooperation agreements with several overseas institutions to accelerate its international expansion strategy [3] Summary by Sections Performance Review - Q3 2025 revenue: 1.25 billion RMB, up 5.0% YoY - Gross profit: increased by 9.8% - Net profit attributable to shareholders: 120 million RMB, up 17.5% YoY [2] Business Analysis - Software and IT solutions revenue: 860 million RMB, up 9.9% YoY - Digital operations revenue: 400 million RMB, down 4.2% - Smart customer service revenue: 250 million RMB, up 11.2% - Intelligent operations revenue: 150 million RMB, down 22.1% - Sales expenses decreased by 16.4%, while management expenses increased by 7.9% [3] Profit Forecast, Valuation, and Rating - Projected revenues for 2025-2027: 4.87 billion RMB, 5.21 billion RMB, and 5.65 billion RMB, with growth rates of 5.0%, 7.1%, and 8.3% respectively - Projected net profits for the same period: 340 million RMB, 400 million RMB, and 460 million RMB, with growth rates of 9.9%, 17.0%, and 14.6% respectively - Corresponding PE ratios: 37.9, 32.3, and 28.2 [4]

Market Overview - The A-share market opened with three major indices slightly lower, with the Shanghai Composite Index down 0.25%, the Shenzhen Component Index down 0.29%, and the ChiNext Index down 0.28% [1] Shenzhen State-Owned Enterprise Reform - The Shenzhen state-owned enterprise reform sector experienced significant gains, with Jian Ke Yuan hitting the daily limit up of 20%, and several stocks including Shen Saige and Shen Fangzhi A reaching the limit up of 10% [1] - The Shenzhen Municipal Financial Management Bureau and other departments issued the "Shenzhen Action Plan for Promoting High-Quality Development of Mergers and Acquisitions (2025-2027)", aiming for the total market value of domestic and foreign listed companies to exceed 20 trillion yuan by the end of 2027 [1] Quantum Technology Sector - Quantum technology concept stocks opened high, with Tengjing Technology rising over 10% and Jida Zhengyuan increasing over 8%, following Google's publication of a breakthrough in quantum algorithms in the journal Nature [1] Engineering Machinery Sector - The engineering machinery sector saw a pullback, with Iron Tuo Machinery dropping 10% and Zhigao Machinery declining over 5% [1]

Group 1 - The education system in China has become the largest and highest quality during the "14th Five-Year Plan" period, contributing to the supply of 55 million talents to society [1] - The gross enrollment rate for preschool education has reached 92%, and 97% of disabled children have access to compulsory education [3] - The government has increased support for education in underdeveloped areas, making educational public services more inclusive and high-quality [3] Group 2 - The competition in the modern world is fundamentally a competition for talent and education, with significant achievements in various fields such as life sciences, quantum technology, and artificial intelligence during the "14th Five-Year Plan" [5] - Over 75% of national natural science awards and technical invention awards, as well as 55% of scientific and technological progress awards, have been awarded to universities [5] - Vocational education contributes over 70% of the newly added high-quality skilled talents for modern industries, supporting the transition from "Made in China" to "Created in China" [6] Group 3 - The education system aims to cultivate well-rounded individuals through a comprehensive development framework that includes moral, intellectual, physical, aesthetic, and labor education [3] - The focus on teacher ethics and reducing their burdens has led to a new atmosphere in teaching, with a significant reduction in social affairs in schools by over 65% [3] - The integration of vocational and general education is essential for nurturing skilled workers and craftsmen, which is crucial for China's modernization [6]