行业报告 | 行业研究周报 通信 证券研究报告 亚马逊加码 AI 基建，卫星互联网低轨 04 组卫星成功发射 本周行业动态： 亚马逊加码 AI 基建，宣布在美国北卡罗来纳州投资约 100 亿美元 亚马逊当地时间 6 月 4 日宣布计划在美国北卡罗来纳州投资约 100 亿美 元，扩展其位于当地的数据中心基础设施以支持 AI 和云计算技术。亚马逊 表示此次投资预计将创造至少 500 个新的高技能工作岗位（包括数据中心 工程师、网络专家、工程运营经理、安全专家等），同时在 AWS 数据中心 供应链中带来数千个其它工作岗位。 卫星互联网低轨 04 组卫星成功发射 2025 年 6 月 6 日，我国在太原卫星发射中心使用长征六号甲运载火箭，以一箭 5 星方式，成功将卫星互联网低轨 04 组卫星送入预定轨道。卫星互联网低轨 04 组卫 星使用 Ka 等频段载荷，主要为用户提供宽带通信、互联网接入等服务。执行本次 任务的长征六号甲运载火箭是新一代固液捆绑中型运载火箭，由中国航天科技集团 有限公司八院抓总研制。 本周投资观点： 我们持续看好 AI 行业作为年度投资主线，后续伴随着 DeepSeek R2/V4 等以及包 括 ...

欢迎大家 点击【预约】 按钮 预约 我 下一场直播 短视频 互联网女皇Mary Meeker出了一份340页的报告，名为"Trends - AI"。 我全部读完了，很有收获。我把我的收获总结成了8大趋势。 详情请见视频。 传送门 实在是有太多人想领取本篇报告原文 还没有领取到的朋友 直接联系徐彬助理 回复关键词 【 AI 趋势报告 】 互联网女王Mary Meeker的AI趋势报告给我留下了深刻印象。她从1996年开始每年发布互联网趋势报 告，连续23年，成功预测了互联网各大浪潮的发展，包括互联网用户爆发、电商和互联网广告兴起、移 动互联网普及以及可穿戴设备的兴起等。她的报告在硅谷极具权威性，我的前老板——一位在硅谷做对 冲模型的专家——也非常关注这份340页的详尽报告。 1、AI作为新的科技，普及速度极快，比过去任何一次新科技的普及都要快很多。 2、科技大厂对AI的投入力度之大前所未有，而且，这些大厂有足够的资源可以继续大力投入。 3、随着科技的进步，以及在科技大厂对基建的大力投入下，AI的使用成本快速下降，可以说是暴跌。 4、无论是科技公司，还是传统企业，对AI的重视程度都在快速提升。 5、AI产品的变现 ...

我国卫星互联网低轨卫星发射成功 消息称 iPhone XS/XR 将无缘 iOS 26 华为「一底双长焦」专利公布 Google Gemini 新版登顶大模型竞技场 员工高烧请假被辱骂，涉事公司 CEO 回应 宇树科技创始人回应机器人跳舞格斗 Google DeepMind CEO：AI 或能让人变得不那么自私 三星首款三折叠通过 3C 认证 《黑神话：悟空》将于 8 月登陆 Xbox 平台 视频号可修改封面、文案 《名侦探柯南：独眼的残像》定档 One Fun Thing｜首个满级 QQ 即将诞生 我国卫星互联网低轨卫星发射成功 央视新闻消息，今天，中国太原卫星发射中心使用长征六号改运载火箭，成功将卫星互联网低轨 04 组卫星发射升空，卫星顺利进入预定轨道，发射任务获 得圆满成功。 据了解，此次任务是长征系列运载火箭的第 580 次飞行，同时这也是中国星网「国网（GW）星座」第四次批量组网发射。 值得一提的是，MacRumors 指出，援引的消息人士在去年准确地泄露了 iOS 18 的兼容性信息，因此本次消息的真实性很高。 据悉，北京时间 6 月 10 日，苹果将举办一年一度的开发者大会 WWDC25，届时 ...

6月6日，王自如B站账号复更宣布回归，并改名为"王自如AI"，以AI测评UP主身份二次创业。 6月4日，餐饮连锁店云海肴因2024年字节跳动集体食物中毒案被告上法庭，具体为被控一项抵触食品销售法令，以及一项抵触 环境公共卫生（食品卫生）条例的控状。 去年7月30日，字节跳动新加坡办公处发生集体食物中毒事件，多名员工在食堂吃了中式自助午餐后感到身体异样，至少130人 出现肠胃不适症状，有员工在办公场所呕吐，"甚至吐到瘫倒在地起不来。"新加坡民防部队出动集体消毒车，并用17辆救护车 将病患送院。 随后，7月31日晚间，新加坡食品局和卫生部发文告表示，多人在字节跳动新加坡办公处位于莱佛士码头一号（One Raffles Quay）26楼的食堂吃了云海肴和莆田供应的食物后出现肠胃炎症状。（红星新闻 ） 北大"韦神"韦东奕，开设社交账号 整理 ｜丁丁炒面 王自如离开格力后首发声：感谢董明珠、雷军，并宣布将进军AI赛道 6月6日，王自如B站账号复更宣布回归，并改名为"王自如AI"，以AI测评UP主身份二次创业。他表示："要做AI的内容创业， 高度聚焦AI应用，用AI技术帮助传统产业加速数字化转型。"对于为何选择这一赛道， ...

Group 1: Central Huijin's Control Over Securities Firms - Central Huijin has become the actual controller of eight securities firms, signaling potential mergers and acquisitions in the securities industry [1] - The adjustment of ownership under the "Huijin system" is expected to promote a new wave of mergers in the securities sector, focusing on both administrative and market-driven mergers [1] Group 2: Industrial AI Applications - The Ministry of Industry and Information Technology emphasizes the importance of industrial software and intelligent sensors in advancing AI applications in the industrial sector [2] - The initiative aims to build high-quality industrial data sets to support AI applications and foster innovation in industrial data and models [2] Group 3: Increased Dividend Payouts - The Shanghai Stock Exchange is pushing for listed companies to increase dividend payouts and frequency, aiming to enhance company valuation [3] - This initiative is part of a broader effort to strengthen confidence in Chinese assets and improve market conditions [3] Group 4: Global Investment Sentiment Towards China - Major global financial institutions, including Morgan Stanley and Goldman Sachs, are optimistic about Chinese assets, citing valuation advantages and low investor positions in Chinese stocks [6] - The MSCI Hong Kong index is noted to have a price-to-earnings ratio of approximately 9 times, close to historical lows, indicating potential for investment [6] Group 5: State-Owned Capital Focus - The State-owned Assets Supervision and Administration Commission is directing state-owned capital towards strategic emerging industries that are crucial for national security and public services [7] - This strategic focus aims to optimize the allocation of resources in key sectors and enhance the overall economic structure [7] Group 6: Resilience of Chinese Manufacturing - China's goods trade showed a 2.4% year-on-year growth in the first four months, indicating the resilience of Chinese manufacturing despite external challenges [8] - The Chinese market continues to attract foreign investment, reinforcing its status as a preferred investment destination [8] Group 7: A-Share Dividend Distribution - Over 3,600 A-share companies have announced dividend distributions for the 2024 fiscal year, with nearly 1,300 companies already executing their distribution plans [9] - This trend indicates a growing focus on shareholder returns within the A-share market [9] Group 8: AI Industry Investment Opportunities - The AI sector is highlighted as a key investment theme, with expectations for significant developments in 2025 [17] - Companies involved in AI infrastructure and applications are recommended for investment, particularly those focusing on overseas markets and satellite internet [17]

Group 1 - The Chinese government is accelerating the development of the primary economy to stimulate new consumption vitality [6] - Various regions are implementing multiple measures to stabilize foreign trade and promote development [7] - The Chinese warehousing index has been operating in the expansion range for seven consecutive months [13] Group 2 - The total marine production value in Guangdong has surpassed 2 trillion yuan [20] - The Ministry of Education has launched a "100-day sprint" action for the employment of college graduates in 2025 [17] - Significant progress has been made in eye health services during the "14th Five-Year Plan" period [18]

Industry Overview - The satellite AIS (Automatic Identification System) industry is characterized by various product types and a diverse range of production enterprises [2] - The downstream application distribution pattern of satellite AIS is crucial for understanding market dynamics [2] - The investment and development prospects of the global satellite AIS industry indicate a growing interest and potential for future growth [2] Supply and Demand Analysis - Global satellite AIS production capacity, output, and utilization rates are on an upward trend, reflecting increasing demand [3] - The production and sales overview of satellite AIS shows a healthy production-sales ratio, indicating a balanced market [3] - Forecasts for satellite AIS production and value across different types highlight significant growth potential through 2026 [3] Competitive Landscape - Major global satellite AIS enterprises have shown varying production volumes and market shares from 2018 to 2023, indicating competitive dynamics [3] - The concentration of the satellite AIS market is analyzed, revealing insights into market power and competition among leading firms [3] - The dynamics of both global and Chinese markets are influenced by various driving and restraining factors, presenting opportunities and challenges [3] Regional Development Trends - The global satellite AIS market size and regional distribution patterns are essential for understanding market segmentation [3] - Specific regional analyses, including China, the US, Europe, Japan, Southeast Asia, and India, provide insights into production, value, and growth rates [3] Consumption and Demand Forecast - Global consumption of satellite AIS and its regional distribution are critical for assessing market demand [3] - China's market for satellite AIS is projected to grow, with detailed forecasts on consumption and demand trends [4] Value Chain Analysis - The value chain of the satellite AIS industry includes upstream raw material supply and downstream demand sectors, highlighting key market players [4] - Current and future sales channels for satellite AIS in domestic and international markets are analyzed for strategic insights [4] Import and Export Trends - China's satellite AIS import and export volumes, along with growth rates, are essential for understanding trade dynamics [4] Impact of External Factors - The overall development status of the satellite AIS industry in various countries, including the effects of the COVID-19 pandemic and international trade policies, is examined [4] Company Analysis - Detailed profiles of leading companies in the satellite AIS sector, including exactEarth, ORBCOMM, L-3 Communications, Kongsberg, Raymarine, and Maritec, provide insights into their market positions, production capabilities, and financial performance from 2015 to 2023 [5]

航空航天ETF天弘（159241）紧密跟踪国证航天指数，按申万一级行业分类，该指数以超99%的国防军 工行业权重形成显著特征，进一步申万二级行业分类，航空装备与航天装备两大核心板块则占据73%权 重，深度聚焦大飞机研制、低空经济、商业航天等新兴领域航空航天装备产业链关键领域。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 6月6日，三大指数集体小幅回调，国证航天航空指数冲高回落。 太平洋证券表示，随着订单恢复正常并陆续释放，军工板块或将进入业绩改善与估值提升的"戴维斯双 击"阶段，建议关注先进战机、低空经济、国产大飞机、卫星互联网、深海科技等领域中竞争格局好、 技术壁垒高的优质龙头公司。 相关ETF方面，航空航天ETF天弘（159241）截至发稿下跌0.10%，成交额超1000万元，换手率超6%。 成分股中，海兰信涨超3%，中航沈飞、振芯科技、华秦科技等股涨幅居前。 长江证券指出，随着 2025年我国规划建设的低轨巨型星座正式进入高密度组网期，后续将在部分区域 逐步具备初期运营服务能力，对应的地面终端建设、卫星服务运营也将同步打开数倍于卫星制造与火箭 发射 ...

这次普查在摸清"三农"家底的基础上，对多元化食物供给、农业新质生产力、宜居宜业和美乡村建设等 新情况进行调查，将全面反映农业农村现代化进程。 国务院日前印发《关于开展第四次全国农业普查的通知》，2026年我国将开展第四次全国农业普查。 国务院第四次全国农业普查领导小组办公室主任盛来运表示，此次农业普查将全面摸清新时代我国"三 农"家底，客观反映农业发展新情况、乡村建设新面貌、农民生活新变化、农村改革新成效，对于科学 制定"三农"政策、推进乡村全面振兴、加快农业农村现代化、建设农业强国具有重要意义。 根据《中华人民共和国统计法》和《全国农业普查条例》，农业普查每10年进行一次，尾数逢6的年份 为普查年度。 这次普查的对象是在中华人民共和国境内的下列个人和单位：农村住户，包括农村农业生产经营户和其 他住户；城镇农业生产经营户；农业生产经营单位；村民委员会；乡镇人民政府。普查的行业范围包 括：农作物种植业、林业、畜牧业、渔业和农林牧渔服务业。 与前三次全国农业普查相比，第四次全国农业普查有不少变化和创新。盛来运介绍，这次普查在摸 清"三农"家底的基础上，对多元化食物供给、农业新质生产力、宜居宜业和美乡村建设等新情况 ...

Core Viewpoint - The escalating conflict between President Trump and Elon Musk has positively impacted satellite stocks, particularly Viasat, which saw a 2.6% increase in share price while the S&P 500 index declined by 0.5% [1]. Group 1: Market Reaction - Viasat (VSAT) experienced a 2.6% gain in its share price, making it an outperformer amid a broader market decline [1]. - The interest in Viasat is attributed to the potential fallout from the conflict between Trump and Musk, as Viasat provides satellite services that compete with Musk's Starlink [5]. Group 2: Political Context - A social media dispute arose between Trump and Musk, with Musk criticizing Trump's One Big, Beautiful Bill, which is facing challenges in the Senate [2]. - Trump issued a statement on Truth Social suggesting that terminating Musk's governmental subsidies and contracts could save the budget billions, posing a potential threat to Musk's businesses, including SpaceX and Starlink [4]. Group 3: Industry Implications - The potential loss of federal contracts for Musk's companies could benefit rivals like Viasat, indicating a shift in competitive dynamics within the satellite services industry [5]. - The situation remains fluid, with no immediate actions taken to cut off federal funding to Musk's businesses, but it is a developing story that warrants close monitoring for stakeholders in the satellite and space sectors [6].