一方面，增强创新意识，完善创新发展的环境。深刻认识高技术制造业与人工智能、商业航天、低空经 济、人形机器人等新一轮科技革命热点之间的紧密关联、相互支撑。强化企业科技创新主体地位，构建 产业链上中下游、大中小企业融通创新生态。充分发挥科技领军企业龙头作用，组建企业牵头任务型创 新联合体，从研发源头提高成果适配性。加大企业研发费用加计扣除比例，增加对研发人员激励力度。 推进企业数智化转型，实施智能制造工程，推广先进适用技术，建立"灯塔工厂"，鼓励企业加快数字 化、智能化转型，提高生产经营效率，降低运营成本。 另一方面，提升产学研融合效率。推动高技术制造业发展的前提，是完善教育培训到科技应用的一体化 机制，形成"科研—教育—应用"的三位一体。要以教育推广科研成果，以应用实践科研成果，进而打通 科研到高技术制造业的核心通路，让科技与产业发展融为一体。要保障科研成果成为推动高技术制造业 发展的持续动力，系统调研并致力消除各种机制性障碍，打通科研成果向制造业转化的链条，实现智力 成果"落地成金"。在科研考核方面，加强科技成果转化在成果评定与职称晋升中的权重，提高科研人员 转化科技成果的积极性。 （文章来源：经济日报） 一 ...

Core Viewpoint - The collaboration between NVC Lighting and the China Aerospace Foundation marks a significant advancement in integrating aerospace technology into the civilian lighting industry, establishing a new era of aerospace lighting technology in China [3][5][7]. Group 1: Partnership and Recognition - NVC Lighting was officially designated as a "China Aerospace Industry Partner" by the China Aerospace Foundation on January 10, 2023, highlighting its strong research capabilities and industry position [1][3]. - The establishment of the "China Aerospace Lighting Technology Laboratory" on December 25, 2023, signifies the entry of civilian lighting into the aerospace technology era [3][5]. Group 2: Technological Advancements - The laboratory, co-founded by the China Aerospace Science and Technology Corporation's 510 Institute and NVC Lighting, aims to leverage aerospace technology to enhance lighting solutions for everyday life [5][7]. - The "Aerospace Healthy Light Technology," which focuses on human-centered design, aims to redefine health lighting standards by considering visual, physiological, and emotional effects [7][12]. Group 3: Product Development and Market Impact - NVC Lighting has initiated the development of three aerospace product lines: aerospace eye-care lamps, aerospace sleep aids, and aerospace lighting environments, translating space station lighting technology into civilian applications [8][10]. - The collaboration is expected to revolutionize civilian lighting products through three main cooperation directions: aerospace-grade lighting technology research, aerospace-grade precision standards formulation, and big data for aerospace lighting [8][13]. Group 4: Industry Transformation - The partnership is seen as a shift from price competition to technology competition within the lighting industry, promoting quality upgrades and technological innovation [10][13]. - The integration of aerospace standards with health lighting is anticipated to open new development pathways for the Chinese lighting industry, pushing it towards a "space age" [12][13].

6月，第一创业和全资子公司一创投行积极服务北京国企试水"科技板"。具体来看，6月24日，京能集 团"25京能K1"10亿元科创债成功发行，一创投行担任牵头主承销商和簿记管理人，发行利率再创新 低，3年期票息1.70%，认购倍数4.77倍；当月，一创投行作为主承销商还助力金隅集团、北控水务、京 东方、北汽集团、北京国资公司、北京建工集团等先后发行科创债，累计募资115亿元。 新华财经北京6月26日电（王菁）债券市场"科技板"启航仅月余，北京国资体系率先示范，以高效高频 姿态列阵发行科创债，以低利率、高认购的亮眼成绩单，展现金融服务国家创新驱动发展战略的首都样 本。 一方面，作为北京市国有资本运营平台和市政府投资基金管理平台，北京国管立足首都新发展战略定位 和产业规划，充分发挥国有资本作为长期资本、耐心资本的独特优势，构建完善以FOF、VC、PE为一 体的市场化基金体系，为市属国企、产业集团培育新质生产力提供稳定资金支持，持续加强在科创和高 精尖产业领域投资，推动北京市产业转型升级。 据悉，为更好发挥财政资金逆周期、跨周期投资支持作用，助力北京国际科技创新中心建设，北京国管 按照市委市政府决策部署，聚焦人工智能、 ...

成都未来科技城正以前沿产业、尖端平台与澎湃动能，重塑区域创新格局，向世界展示"未来之城"的蓬 勃力量。 而在此前不久，天府绛溪实验室联合电子科技大学、中国电信四川公司等合作单位启动建设量子互联示 范网，该示范网将依托实验室量子互联网前沿研究中心的核心技术成果，构建覆盖成都主城区的量子互 联示范网，为未来量子互联网的规模化应用，提供重要支撑。 打开"空管之翼"的低空运行环境信息数据平台，全国各大城市的空域信息、气象数据、航路航线、电子 地形与障碍物（ETOD）等数据都实时呈现出来。从去年入驻成都未来科技城以来，杨军凯带领团队一 直致力于研发低空航行数据及引擎，其目标是要打造全国低空运行环境信息数据底座。 杨军凯曾在华北空管局工作，吸引他来到成都的原因是这里低空经济人才和产业的聚集。他的母校中国 民航飞行学院在成都未来科技城修建了新校区天府校区；同样在这片土地上，被誉为"民航智谷"的民航 科技创新示范区一期（B区）正全面建设中；沃飞长空全球总部及生产制造基地预计明年能投入使用。 "空管之翼"是目前正在孵化的低空经济企业，而落户三年的国汽智端已经成为成都未来科技城智能网联 汽车的链主企业，搭载其智能终端平台的无人小 ...

Group 1 - The stock of Alliance Electronics (688311) has a comprehensive score of 60.66, indicating a strong performance [1] - The main cost analysis shows that the current main cost is 41.46 CNY, with a 5-day main cost of 39.89 CNY and a 20-day main cost of 39.29 CNY [1] - In the past year, the stock has reached its upper limit twice, while there have been no instances of hitting the lower limit [1] Group 2 - As of June 26, 2025, the northbound capital data indicates a holding of 1.2651 million shares, accounting for 0.78% of the circulating shares, with a net buy of -302,600 shares yesterday [1] - The short-term pressure level is at 41.84 CNY, while the short-term support level is at 38.30 CNY [2] - The net inflow of main funds on June 26, 2025, was 2.4963 million CNY, representing 1% of the total transaction amount [2]

6月25日，印度总理莫迪通过社交平台"X"发文，祝贺印度宇航员时隔41年再次进入太空。 莫迪写道："我们热烈祝贺搭载印度、匈牙利、波兰和美国宇航员的太空任务发射成功！印度宇航员、 空军上校舒班舒·舒克拉（Shubhanshu Shukla）即将成为首位进入国际空间站的印度人。他肩负着14亿 印度人民的美好祝愿、希望与抱负。祝愿他和全体宇航员任务圆满成功！" 莫迪祝贺第二位印度宇航员进入太空 美国东部时间25日2时31分（北京时间25日14时31分），美国公理航天公司组织的"公理4号"发射任务取 得成功。该公司的"猎鹰9"火箭，将搭载4名宇航员的"龙"飞船送上太空。飞船预计于美国东部时间26日 7时左右与国际空间站自动对接。 据英国广播公司（BBC）报道，随着飞船进入太空，舒班舒·舒克拉成为时隔41年第二位进入太空的印 度人。舒克拉上校预计将成为首位访问国际空间站的印度人。 印度宇航员拉克什·夏尔玛（Rakesh Sharma）是进入太空的第一位印度人，于1984年搭乘苏联联盟号飞 船执行航天任务。 乘组成员分别来自印度、匈牙利、波兰和美国。图中左一为舒班舒·舒克拉。 BBC 此次飞行任务由前NASA宇航员佩吉 ...

作者｜张宇洁 编辑｜彭孝秋 硬氪获悉，近日，北京穿越者载人航天科技有限公司（以下简称"穿越者"）完成数千万元天使+轮融资。本轮融资由 中天汇富、彬复资本联合投资，融资资金将用于加速穿越者壹号（CYZ1）亚轨道载人飞船工程研制及首艘试验船投 产。 穿越者成立于2023年01月11日，是一家集可重复使用载人飞船研制与太空旅游运营为一体的商业载人航天科技企业。 此轮融资距上一轮融资仅过去6个月，在此期间，穿越者实现了多项关键技术突破，包括我国首次载人飞船主动防热 技术地面验证试验，突破了载人飞船传统防热技术不可复用的瓶颈；研发了载人飞船智能飞控计算机；完成了计算机 与改进型预测-校正制导算法的软硬件匹配测试等。 目前，穿越者聚焦研发CYZ1亚轨道载人飞船。CYZ1载人飞船是国内首艘瞄准全可重复使用设计的载人飞船，在国家 神舟飞船及新一代飞船实现返回舱部分可重复使用的研制基础上，以用户体验为核心，吸收国外优秀的设计思路，通 过创新性的飞船构型设计及逃逸、结构、回收等关键系统的可重复使用设计，实现飞船质量99%可重复使用。 同时，CYZ1也将是国内首艘采用先进推式逃逸技术的载人飞船、世界首艘具备百米级高精度返回及无损着 ...

非银行金融 行业周报（20250616-20250622） 领先大市-A(维持) 2025 年 6 月 26 日 行业研究/行业周报 非银行金融行业近一年市场表现 资料来源：最闻 相关报告： 【山证非银行金融】券商专项评价办法 细化，期货市场再迎新规-行业周报 （20250609-20250615）： 2025.6.16 【山证非银行金融】券商回购释放信心， 行 业 估 值 仍 处 低 位 - 行 业 周 报 （20250602-20250608）： 2025.6.10 新规将"引导证券公司更好发挥功能作用，提升专业能力"写 入总则，突出促进证券公司功能发挥导向，同时，通过减少规模类 指标重复加分，提升净资产收益率、投行等各主要业务加分覆盖面， 增设基金投顾等专项指标的，有利于大型券商发挥综合实力，走资 请务必阅读最后股票评级说明和免责声明 1 李明阳 执业登记编码：S0760525050002 邮箱：limingyang@sxzq.com 孙田田 执业登记编码：S0760518030001 电话：0351-8686900 邮箱：suntiantian@sxzq.com 刘丽 执业登记编码：S07605110 ...

Market Overview - A-shares experienced slight fluctuations with major indices showing mixed results, while the number of rising stocks slightly outnumbered declining ones, and trading volume remained stable [2] - The Shanghai Composite Index rose by 0.11% to 3459.66, the Shenzhen Component Index increased by 0.26% to 10420.86, and the ChiNext Index gained 0.31% to 2134.99 [3] Defense Industry - The defense sector continued its strong upward trend, with the ground equipment index soaring over 7% today, following a nearly 9% increase yesterday, reaching an 8-year high, and accumulating a rise of over 32% since June and over 51% year-to-date [4] - Various sub-sectors such as military trade, military-civilian integration, commercial aerospace, and large aircraft also reached historical highs, with stocks like Wanlima hitting a 20% limit up for the third time in four days [6] - Analysts suggest that military equipment demand in the Middle East may continue to grow, with a potential restart of a new arms race as both Europe and the U.S. increase military investments [8] Solid-State Battery Technology - The solid-state battery sector saw significant gains, with the index rising for the fifth consecutive day, reaching a nearly three-year high, and stocks like Zhonglun New Materials hitting a 20% limit up shortly after market open [9] - QuantumScape, a U.S. listed company, announced a breakthrough in solid-state battery technology, significantly improving production speed and efficiency, which led to a surge in its stock price by over 30% [11][12] - Several A-share companies are advancing their solid-state battery projects, with HaiLiang Co. and Delong Co. establishing partnerships with major domestic automakers for technology integration and product development [12][13]

Core Viewpoint - Guanglian Aviation held a roadshow on June 25, with participation from over 10 institutions, highlighting its role as a supplier for major aircraft projects and its comprehensive industrial layout in the aerospace sector [1] Group 1: Company Overview - Guanglian Aviation is involved in multiple large aircraft development projects, serving as a supplier for C919 components and assembly lines for C929, as well as designing and manufacturing the AG600 assembly line [1] - The company has established a three-dimensional industrial layout system relying on military industrial groups and research institutes, with production bases in various locations to integrate into regional aviation industry ecosystems [1] Group 2: Business Strategy - The company has achieved a full-chain business layout, creating a business loop that vertically constructs the aviation manufacturing industry chain and horizontally expands into multiple fields, enhancing the advantages of industrial chain linkage [1] - Guanglian Aviation provides research and development support to major manufacturers, with some products available for export, and has already delivered the WJ-700 drone structure in bulk [1] Group 3: Market Opportunities - The company is participating in the development of aerospace products and aims to expand its market share through potential overseas orders [1] - In recent years, the aviation tooling business has seen significant growth due to increased demand and enhanced industrial support capabilities post-listing [1] Group 4: Future Outlook - To leverage its core business capabilities, Guanglian Aviation has secured preliminary R&D tasks to strengthen customer loyalty and reserve future market share, anticipating rapid growth in parts business following tooling R&D completion [1] - The company plans to increase R&D investment to explore the low-altitude segment and develop new growth areas, responding to the demand for flying vehicles in low-altitude airspace [1]