【风口研报·洞察】较国内溢价319%! 海外中重稀土价格暴 涨,欧洲氧化箱报价较前期上涨204%,分析师参考其他出 口管制小金属,随着内外价差扩大,在外盘带动下国内价格 同样上行;超配价值和低位成长 风口研报 2025.05.15 21:54 星期四 5月之后,随着年报、一季报披露窗口期已过,中美关税谈判取得一定实质性进展,市场风险偏好有一定回升。 但信达证券认为,考虑到三个因素,这一次季报期后重回成长的配置面临一定挑战: 1、季报等因素带来的季节性规律在年底到年初比较明显,但5-10月规律性存在不强,因为基本面数据被震间隔不长; 2、万得全A指数从4月9日以来反弹幅度可观，后续指数反弹速度或放慢。而成长风格更容易在市场上涨期间活跃； 3、AI和机器人等成长方向长期产业趋势依然不错,但短期能否出现新的类似DeepSeek的产业突变存在不确定性。 因此风格方面,季度内偏向大盘价值,Q3再增加弹性。建议关注部分政策催化下基本面存在积极变化预期的新方向: | | | 《风口研报》 05月15日要点 | | --- | --- | --- | | 行业/公司 | 评级机构 | 核心逻辑 | | | | 1华创证券吴一 ...

Core Viewpoint - The successful launch of China's first space computing satellite constellation marks a significant advancement in space-based computing capabilities, aiming to address the challenges posed by the rapid increase in the number of satellites in orbit [1][6][10]. Group 1: Overview of the Space Computing Satellite Constellation - The launch on May 14 involved 12 satellites and is part of the "Star Computing" plan led by Guoxing Aerospace, which aims to establish a network of 2,800 satellites for space-based computing [6][11]. - The "Three-body Computing Constellation" is designed to provide a computing infrastructure in space, with a total computing power of 1000 POPS (peta-operations per second) once fully operational [1][10]. Group 2: Technical Innovations and Capabilities - The satellites are equipped with advanced onboard intelligent computing systems, enhancing their computing power from Tera to Peta level, achieving a 10 to 100 times increase in performance [13]. - Each satellite can achieve a maximum single satellite computing power of 744 TOPS, with inter-satellite laser communication speeds reaching up to 100 Gbps, resulting in a combined computing capability of 5 POPS and a storage capacity of 30 TB [13][16]. Group 3: Applications and Future Prospects - The space computing constellation is expected to revolutionize scientific research and applications, providing critical computing support for near-Earth spacecraft, lunar, and Mars exploration [17]. - It will enable real-time data processing in space, significantly improving the efficiency of satellite data handling from days or hours to minutes or seconds, thus facilitating the application of artificial intelligence in space [10][18]. - The constellation will support various applications, including real-time monitoring of wildfires, low-altitude aircraft tracking, and dynamic optimization of deep space exploration tasks [17][18].

国家安全是安邦定国的重要基石。党的十八大以来，以习近平同志为核心的党中央顺应时代发展大 势，创造性提出了总体国家安全观，为新时代做好国家安全工作提供了根本遵循和行动指南。党的二十 届三中全会通过的《中共中央关于进一步全面深化改革、推进中国式现代化的决定》提出"国家安全是 中国式现代化行稳致远的重要基础"，深刻阐明了国家安全与现代化建设之间的关系，丰富了总体国家 安全观的时代内涵。新征程上，我们要增强忧患意识，牢固树立总体国家安全观，着力防范化解重点领 域风险，以高水平安全护航中国式现代化行稳致远。 现代化进程中机遇和风险并存 以中国式现代化全面推进强国建设、民族复兴伟业，是新时代新征程党和国家的中心任务。纵观世 界，各国实现现代化的过程中都会形成和积累不少矛盾与风险。能否形成安全稳定的环境，是各国能否 实现现代化的关键性因素。对此，习近平总书记深刻指出，我国作为一个人口众多和超大市场规模的社 会主义国家，在迈向现代化的历史进程中，必然要承受其他国家都不曾遇到的各种压力和严峻挑战。 我国用几十年时间走完发达国家几百年的工业化历程，国内生产总值从2012年的54.75万亿元跃升 至2024年的134.91万亿元， ...

Group 1 - The successful launch of 12 satellites marks the establishment of the world's first space computing satellite constellation, initiating a new era of "space computing" [1] - The "XingSuan" plan aims to create a space-based intelligent computing infrastructure consisting of 2,800 satellites, enabling real-time data processing in space and reducing reliance on ground computing [1][2] - The satellites are equipped with advanced systems for space computing and inter-satellite communication, forming a powerful global space computing capability [1] Group 2 - Companies such as Kaipu Cloud, Qianfang Technology, and Aerospace Electronic Technology are actively participating in the upstream and downstream of the industry chain to leverage the opportunities presented by the "XingSuan" plan [3] - Kaipu Cloud aims to connect over 100 ground computing centers with the satellite network, enhancing AI capabilities in the satellite industry [3] - Qianfang Technology is focusing on low-cost, sustainable solutions that meet market demands for space edge computing and ground AI applications [3] Group 3 - The trend of "computing in space" is expected to become a significant development direction in the global aerospace industry, with companies that make proactive investments likely to gain competitive advantages [4]

Group 1 - The China Securities Big Data Industry Index (930902) has decreased by 2.96% as of May 15, 2025, with significant declines in component stocks such as Kehua Data down 8.31% and Aofei Data down 6.63% [1] - The Data ETF (516000) has also fallen by 2.86%, currently priced at 0.92 yuan, but has seen a cumulative increase of 1.84% over the past two weeks, ranking first among comparable funds [1] - A successful launch of the first batch of 12 satellites for the space computing satellite constellation occurred on May 14, marking a global first for such a constellation [1] Group 2 - The Data ETF and its linked funds closely track the China Securities Big Data Industry Index, focusing on popular sectors such as DeepSeek, AI computing power, and the Hongmeng industrial chain, covering notable stocks like iFlytek and Inspur Information [2]

Core Viewpoint - The A-share market is experiencing fluctuations, particularly in the computer and cloud computing sectors, with notable movements in related ETFs and individual stocks [1][2][3]. Group 1: A-share Market Performance - The three major A-share indices continued to show volatility in the afternoon session on May 15 [1]. - The Computer ETF (159998) fell by 2.56% with a trading volume exceeding 44 million yuan and a premium rate of 0.04%, indicating frequent premium trading [1]. - The Cloud Computing ETF (517390) also saw a decline of 2.44%, with a turnover rate exceeding 3% and a premium rate of 0.12, reflecting similar trading patterns [2]. Group 2: Individual Stock Movements - Among the component stocks of the Computer ETF, companies like Yonyou Network and Guanghuan Xinwang dropped over 5%, while stocks such as Weimeng Group surged over 15% [2][3]. - Notable declines were observed in stocks like Kehua Data, which fell over 8% [3]. Group 3: Technological Developments - On May 14, China successfully launched a space computing satellite constellation, marking a significant milestone in the "Three-body Computing Constellation" project, which aims to establish a large-scale space computing infrastructure with a total computing power of 1000 POPS [3][4]. - The launch involved 12 satellites equipped with onboard intelligent computing systems and inter-satellite communication systems, enabling in-orbit computing capabilities and the construction of an integrated network [3]. Group 4: Future Investment Outlook - Huaxi Securities expressed optimism about the "Star Computing" plan, which aims to transition from ground-based to space-based computing, addressing the growing demand for real-time computing in space [4]. - Guohai Securities highlighted investment opportunities in the computer industry, particularly in the artificial intelligence sector, focusing on self-controlled directions by 2025 [5].

Investment Rating - The investment rating for the company is "Buy" [1] Core Viewpoints - The "Trinity Computing Constellation" plan aims to build a space-based intelligent computing infrastructure with over 2,800 satellites, transitioning from "ground-based computing" to "space-based computing." The company is expected to play a key role in this initiative [3][4] - The company has core advantages and deep layouts in ground networks and satellite communications, positioning it to become a major satellite operator. It is also involved in satellite terminals and ground stations [3][12][14] - The demand for PCB boards is expected to surge due to the recovery of military orders, with the company being the largest manufacturer of military PCBs in China [14] Financial Summary - The projected revenues for 2025, 2026, and 2027 are estimated at 65.04 billion, 74.91 billion, and 83.14 billion respectively, with net profits of 2.54 billion, 3.40 billion, and 4.21 billion [15][20] - The earnings per share (EPS) are forecasted to be 0.37, 0.50, and 0.62 for the years 2025, 2026, and 2027 respectively [15][20] - The price-to-earnings (PE) ratios for 2025, 2026, and 2027 are projected to be 62, 47, and 38 [15][20]

1.【特斯拉机器人展示复杂舞蹈能力：揭示人形机器人运动控制新进展】特斯拉擎天柱机器人在海外社交 平台发布最新消息："刚开始热身"，并配有一段视频，其中能看到，在没有线缆保护的情况下，擎天柱 机器人动作流畅，做出了各种舞蹈和运动动作。特斯拉一工程师则转发该视频称，他们对该机器人进行 多项优化和修复。（新浪科技） 更多智能制造产业资讯 …… 扫码订阅 智能制造 产业日报， 精选行业新闻，帮你省时间！ 此外，如果您还想 查公司、找项目、看行业，深入了解人形机器人、商业航天、AGI等热门赛 道 ，欢迎加入睿兽分析会员，解锁相关行业图谱和报告等。 （活动期间加入会员可免费获赠一 份产业日报） 2.【苹果涉足脑机接口领域，用意念控制iPhone有望成真】据媒体报道，苹果正在深入研究脑机接口技 术，与初创公司Synchron合作，探索通过脑信号控制iPhone、iPad和Vision Pro等设备的可能性。这一前沿 技术有望为瘫痪患者和行动受限者带来全新的交互方式。Synchron是一家生产名为"Stentrode"的支架状植 入物的公司。该设备包含16个电极，通过颈静脉植入脑部运动皮层血管的网状电极阵列。其能捕捉大脑 发 ...

10:20 @ ... 逻辑精选红宝书 Call "ill @ B 2025.5.14市场逻辑精选 逻辑红宝书 2025-05-14 运力端,供需错配红利,船公司此前撤线导致短期美线运力缺 +-475 口 赫伯罗特、中远海运等涨价预期明确。 ◇核心公司: 中国外运:跨境综合物流龙头,2024年公司海运货代排名全球 REP 第二、亚洲第一，空运货代排名全球第五、亚洲第一，货运代 理业务约占公司分部营收的 64%，约占公司分部毛利的 72%。 华贸物流：国内头部货代公司，2024年全球海运货代排名第 14 位、空运第 16 位。2024年公司空运代理业务占总营收及毛 利占比分别为 45%、40%,海运代理业务占总营收及毛利比分 JEM 别为 32%、33%。 �相关公司： 飞力达、密尔克卫、华鹏飞等。 特别提示:下文涉及的题材或公司,内容罗列和篇幅长短,与 后续涨跌无关,亦均非进行推荐,仅作研究辅助。投资者应自 主决策,注意风险。 一、机会前瞻 非洲公社-红宝书 ◇驱动:随着中国关税下调,国内头部资代公司有望直接受益 于美线空海运跨境运输需求修复。 货代:关税缓和刺激运输需求修复 ○行业复苏:需求端,订单回流、转 ...

该公司在一份新闻稿中宣布了其2260万英镑的A轮融资，这是英国太空科技公司A轮融资金额最高 的一次。该公司表示，这笔资金将加速其第二代卫星ForgeStar-2的研发，并促进其首颗制造卫星 ForgeStar-1的发射。 如果您希望可以时常见面，欢迎标星收藏哦~ 来源 ：本文 编译自 tomshardware ，谢谢。 英国初创公司 Space Forge 已获得 3000 万美元的 A 轮融资，以支持其创建和发射制造卫星的努 力，该卫星可用于制造用于半导体和量子计算的独特材料。 Space Forge 的愿景是，通过利用太空的独特条件（包括微重力、真空和极端温差），该公司"正 在释放制造地球上无法生产的材料的能力"。 Space Forge 表示，这些进展"将在半导体、量子计算、清洁能源和国防技术领域具有广泛的应 用"。此外，该公司表示，这些任务"将展示一个可扩展、可重复使用的平台，用于在太空中制造高 性能材料，为安全、清洁能源和基础设施带来突破。" Space Forge 在其他地方表示，这些材料"有望在高价值领域带来显著的性能提升"，同时还可能将 包括数据中心在内的基础设施的二氧化碳排放量减少高达 75 ...