智通财经1月15日讯，据中国航天科技集团官微，1月15日上午，中国航天科技集团有限公司在京召开 2026年度工作会议。会议以习近平新时代中国特色社会主义思想为指导，全面贯彻落实党的二十大和二 十届历次全会精神，坚决落实习近平总书记对中央企业、对航天事业作出的重要指示批示精神，总结工 作、分析形势、部署任务，进一步动员和号召全体干部职工牢记初心使命、服务国家战略，夯实基础、 全面发力，谱写新时代航天科技发展新篇章，为加快建设航天强国、支撑世界一流军队建设作出新的更 大贡献。 国务院国资委、国家国防科工局等上级有关领导出席会议。集团公司党组书记、董事长陈鸣波出席会议 并作年度工作报告，党组副书记、总经理周劼主持会议，党组领导、外部董事参加会议。 会议指出，2025年，在上级机关和主管部门的关心支持下，集团公司党组团结带领全体干部职工坚决落 实党中央决策部署，提高站位、挺膺担当、综合施策、奋力拼搏，提高国家战略承载能力、夯实高质量 发展根基，一体推进化解存量问题与开辟发展新局，圆满完成"十四五"目标任务，为实现"十五五"良好 开局奠定重要基础。 会议强调，2026年是中国共产党成立105周年，是"十五五"开局之年， ...

Core Viewpoint - The China Aerospace Science and Technology Corporation (CASC) held its 2026 annual work meeting, emphasizing the importance of adhering to Xi Jinping's thoughts on socialism with Chinese characteristics and the directives from the 20th National Congress of the Communist Party of China. The meeting aimed to summarize past work, analyze the current situation, and deploy tasks to contribute to building a strong aerospace nation and supporting the construction of a world-class military [1][4][7]. Group 1: Meeting Highlights - The meeting was attended by leaders from the State-owned Assets Supervision and Administration Commission and the National Defense Science and Technology Industry Bureau, with CASC Chairman Chen Mingbo delivering the annual work report [3]. - The meeting underscored the need to enhance national strategic capacity and solidify the foundation for high-quality development, aiming to complete the "14th Five-Year Plan" goals and lay a strong foundation for a good start to the "15th Five-Year Plan" [4][8]. Group 2: Achievements and Progress - Over the past year, CASC has made significant progress in major equipment construction, achieving notable advancements in various types of equipment and enhancing quality and performance [5]. - The company successfully completed 73 space launch missions, setting a new historical record, and made strides in commercial aerospace development [6]. Group 3: Strategic Focus for 2026 - The year 2026 marks the 105th anniversary of the Communist Party of China and the 70th anniversary of China's aerospace industry, making it a pivotal year for CASC to focus on major missions, technological transformations, and opportunities for integration [8]. - CASC plans to enhance its combat readiness capabilities, advance major projects like manned lunar missions and deep space exploration, and optimize its industrial layout to foster new industries such as commercial aerospace and low-altitude economy [8][10]. Group 4: Implementation and Accountability - The meeting emphasized the importance of political commitment, systematic reforms, and practical execution to ensure high-quality completion of annual objectives [10][12]. - CASC leadership announced performance evaluations and awards for outstanding contributions, reinforcing the importance of accountability and recognition within the organization [10][12].

岁末年初的物流江湖，正经历一场深刻的资本与产业重构。 顺丰控股与极兔速递83亿港元相互持股开启全球协同新篇章，京东物流推进德邦股份私有化退市 深化"京邦达跨合体 " 整合，叠加顺丰、圆通、京东等龙头企业在低空物流领域的密集布局，中 国快递业正从规模竞争加速迈向以资本协同、科技赋能为核心的价值竞争新阶段。 资本运作密集落地 行业整合迈入深水区 与顺丰的"向外结盟 " 不同，京东物流选择以"向内整合 " 的方式重塑产业格局。1月13日晚间，德 邦股份公告拟主动撤回A股上市申请，成为2026年首家提出主动退市的上市公司。此次退市背 后，是京东物流斥资37.97亿元推进的私有化计划。 从产业逻辑看，德邦退市是京东物流整合进程的关键一步，双方在资本整合基础上，正式迈向业 务与网络深度融合的新阶段。早在2022年京东物流收购德邦股份时，京东物流就提到，未来要打 造综合型寄递物流供应链集团。 德邦股份在公告中提到，此次主动退市的核心原因之一是京东物流此前收购德邦时解决同业竞争 的承诺的履行。京东物流下属境内子公司京东卓风于2022年9月6日出具承诺，自前次要约收购完 成之日起五年内，京东卓风拟通过具有可操作性的方式解决京东 ...

Core Viewpoint - The A-share market experienced fluctuations on January 15, with the commercial aerospace sector undergoing a pullback, as evidenced by the 4.52% decline in the Aviation ETF Fund (159257) [1]. Group 1: Aviation ETF Fund Performance - The Aviation ETF Fund (159257) saw mixed performance among its constituent stocks, with Hongdu Aviation rising over 9%, while Zhongke Xingtu fell more than 19%, and several other stocks, including Haige Communication and China Satellite, hit the daily limit down [3][4]. - The top ten constituent stocks of the Aviation ETF Fund include significant players in various sectors, with notable declines in several defense and aerospace-related stocks [4]. Group 2: Low Altitude Economy Developments - The low altitude economy is gaining traction, with Shanghai aiming to become the "world eVTOL capital" by 2028, targeting a core industry scale of approximately 80 billion yuan, supported by substantial government incentives [5]. - The Ministry of Industry and Information Technology and other departments have prioritized the development of drones and intelligent low-altitude equipment, indicating a strategic push towards integrating artificial intelligence with manufacturing processes [5][6]. Group 3: Industry Trends and Market Potential - The low altitude economy is being incorporated into the five-year plans of around 30 provinces and cities, with applications in low-altitude logistics and tourism leading the way [6]. - The competition for satellite frequency resources has intensified, with major players like China Star Network and the Radio Innovation Institute actively participating, indicating a strategic focus on satellite constellation development [7]. - The Aviation ETF Fund (159257) is heavily weighted towards the defense and military sector, which constitutes 61.6% of its index, and is expected to benefit from the rising demand in military trade [7][11]. Group 4: Investment Opportunities - The Aviation ETF Fund (159257) has a significant focus on low altitude economy stocks, which account for 53% of its index, suggesting potential growth opportunities in this emerging sector [10]. - The commercial aerospace segment represents 30% of the fund, covering satellite navigation and internet sectors, which are poised to tap into a trillion-yuan market space [11].

人民财讯1月15日电，1月15日，中国航天科技（000901）集团有限公司在京召开2026年度工作会议。会 议强调，2026年，要强化体系牵引和新域新质突破，加速推进装备实战化能力提升；要统筹宇航重大工 程实施与产业化转型，深入推进载人登月、深空探测等重大工程，全力突破重复使用火箭技术，加速推 动航天强国建设；要多措并举优化产业布局，调整产业结构，大力发展商业航天、低空经济等战新产业 （300832），前瞻布局太空数智等未来产业，强化国际市场拓展和优质履约。 ...

Core Viewpoint - The training program for postal drone operators in Zhengzhou aims to enhance logistics efficiency by transitioning traditional delivery methods to drone technology, addressing the "last mile" delivery challenges in remote areas [1][3][5]. Group 1: Training Program Details - The training lasts for 22 days and combines theory, practical skills, and scenario-based learning tailored to the postal industry [3][4]. - A total of 82 postal delivery personnel from various provinces are participating in the program, which includes practical flight simulations and regulatory education [1][3]. - The program is designed to ensure that graduates not only obtain drone operator licenses but are also prepared for immediate practical application in logistics [3][4]. Group 2: Industry Impact - The initiative is part of China's broader "14th Five-Year Plan," which identifies the low-altitude economy as a strategic emerging industry, with a target of achieving a 50 billion yuan low-altitude economy industry scale by 2027 [3][4]. - The program aims to facilitate regular drone delivery services in remote and rural areas, significantly reducing delivery times from hours to minutes [3][4]. - The collaboration between the aviation industry and China Post is seen as a model for talent development that can be replicated across the logistics sector, promoting industry transformation [4][5].

公开资料显示，作为低空无人机运营服务领域的先行者，武测空间锚定低空版星链"万链计划"核心战 略，致力于构建一张覆盖全国的低空版无人机网络——以轻量化无人机机场为低空基站、以AI低空平 台为网络中枢、以厘米级时空数据为网络血液，重塑低空空域智能运营体系。 这一战略的落地，离不开创始人及团队的硬核专业积淀：创始人张小星毕业于武汉大学测绘工程专业， 该学科连续九年位居全球排名第一。 瑞财经 吴文婷 1月15日，深圳市武测空间信息有限公司（以下简称"武测空间"）宣布完成Pre-A轮融 资，本轮融资由国华投资领衔投资，云悦资本担任本轮财务顾问。 融资资金将重点用于AI低空平台迭代升级与全国范围内数百台无人机机场的规模化部署，旨在进一步 夯实公司在低空经济基建领域的核心壁垒，深化与低空经济、空间智能赛道的场景协同。 ...

Core Insights - The founder of Zhefei Aviation, CK, has over 20 years of experience in the aviation industry, focusing on flight control systems and certification processes [2][3] - Zhefei Aviation aims to fill the gap in China's aviation supply chain by providing critical systems that are currently lacking domestically, as many key components are still sourced from foreign suppliers [3][6] - The company has recently secured multiple rounds of financing, indicating strong investor interest in the low-altitude supply chain [4][5] Company Overview - Zhefei Aviation was established in 2022 with a focus on being a "system-first" aviation technology company, specializing in flight control systems, energy management systems, and autonomous solutions [5][6] - The company positions itself as a system innovator in China's civil aviation sector, emphasizing the integration of various systems rather than just producing standalone components [9][10] Market Context - The Chinese aviation industry is currently facing challenges in developing indigenous critical systems, which presents both a significant problem and an opportunity for Zhefei Aviation [6][7] - The company believes that the integration of flight control, energy management, and autonomous systems is essential for the future of aviation, particularly in the context of eVTOL (electric vertical takeoff and landing) aircraft [10][11] Product Development - Zhefei Aviation's first product, the Zephyr.IVOS, is a comprehensive flight control system that integrates various functionalities and meets high safety standards [13][14] - The company aims to provide standardized industrial products that not only meet regulatory requirements but also exceed them in terms of performance and reliability [19][22] Industry Trends - The aviation industry is expected to undergo significant changes in the next few years, with a focus on validating product configurations and accelerating certification processes [23][24] - Zhefei Aviation anticipates that the ability to deliver complete product capabilities will be crucial for success in the evolving market, as companies will need to reduce risks associated with certification and development [23][24] Future Vision - The long-term vision for Zhefei Aviation is to have its systems integrated into the majority of flying vehicles globally, positioning itself as a foundational player in the aviation ecosystem [31]

Group 1: Business Overview - The company focuses on the research, production, and delivery of low-altitude defense equipment, with three main business systems: "Military Equipment," "Communication Electronics," and "Next-Generation Integrated Electronic Information (Tianrong Project)" [1][2] - The military business is primarily conducted through the subsidiary Tianwei Electronics, while the civilian business is led by Huayang Communication, focusing on the RF industry chain [2] Group 2: Low Altitude Economy - The company has been actively involved in the low-altitude economy since 2001, leveraging its technological and research strengths to support national strategic initiatives [3] - It has developed competitive products for urban low-altitude safety, including monitoring systems and support solutions for general aviation [4][5] Group 3: Revenue Structure - The company has transitioned from a single military product focus to a dual-engine model driven by both military and civilian products, with civilian revenue now exceeding military revenue [5] Group 4: Stock Issuance - The company is in the process of issuing stocks to specific investors, currently under review by the Shenzhen Stock Exchange, with the first round of inquiries already addressed [5] Group 5: Underwater and RF Business - The underwater business focuses on underwater sensors and autonomous underwater vehicles for various tasks, including reconnaissance and environmental monitoring [5] - In the RF chip sector, the subsidiary Chengdu Tongliang offers products for base stations, wireless communication, and radar sensing, including low-noise amplifiers and power amplifiers [6]

Core Viewpoint - The lithium battery industry is experiencing a recovery driven by increased demand for power batteries and energy storage, with a more rational approach to expansion expected in the next 1-2 years [1][2] Company Overview - Ningbo Ximic Technology Development Co., Ltd. (referred to as "Ximic Technology") was established in August 2003 and is recognized as a national-level specialized and innovative "little giant" enterprise [1] - The company specializes in the research, design, and production of magnetic filters and various magnetic application components [1] - As of September 2025, Ximic Technology achieved an operating income of approximately 73.7384 million yuan and a net profit attributable to shareholders of approximately 3.1973 million yuan [1] - Sales revenue from the lithium battery industry accounts for over 50% of the company's total revenue, making it the primary business segment [1] Industry Insights - The recovery in the lithium battery industry is attributed to the growth in demand for power batteries and energy storage, alongside policy and industry collaboration promoting a "de-involution" approach [1] - The industry has undergone a significant correction and is now poised for recovery, with future demand expected to be more rational and focused on leading companies with technological and scale advantages [1] - Two key aspects of this rational approach include: 1. Leading companies will more carefully select suppliers based on product quality and after-sales service following previous expansion [2] 2. The replacement cycle of existing equipment from prior investments will create ongoing market opportunities within the industry [2]