每经AI快讯，有投资者在投资者互动平台提问：在2025中国5G 工业互联网大会上，工业和信息化部正 式启动卫星物联网业务商用试验。请问四维图新在这个方面有哪些布局吗？ （记者 胡玲） 四维图新（002405.SZ）11月25日在投资者互动平台表示，四维图新参股公司六分科技已落地多个卫星 导航定位系统商业化应用场景，包括为滴滴青桔等共享单车提供实时高精度位置信息、乘用车软硬服一 体定位终端、消费类和专业类定位设备、面向低速无人车的P+V（高精度定位服务+环境感知）方案和 具身智能小脑-空间X运动能力解决方案等。 ...

Core Insights - The Ministry of Industry and Information Technology has officially launched a two-year commercial trial for satellite IoT services, aiming to enrich the satellite communication market, stimulate market vitality, enhance service capabilities, and establish a safety regulatory system [1] Group 1: Understanding Satellite IoT - Satellite IoT utilizes satellite communication technology to provide data collection and transmission services for a vast array of IoT devices across ground, ocean, and air [2] - It offers wide-area IoT connectivity for various terminals, including data collection terminals, wearable devices, handheld terminals, and transportation vehicles like cars, ships, and aircraft [2] - Satellite IoT addresses communication gaps in remote areas, sky, and ocean where traditional terrestrial networks cannot reach, providing global coverage [2] Group 2: Role in Emerging Industries - Satellite IoT can achieve global real-time tracking and data transmission for low-altitude aircraft, addressing communication shortcomings in the low-altitude economy [3] - In sectors like drone logistics, satellite IoT mitigates issues of signal interruption due to insufficient ground station coverage, enhancing flight safety and efficiency [3] - The technology is expected to attract more capital and resources into the low-altitude sector, promoting collaborative development across the drone manufacturing, airspace management, and data service industries, creating a virtuous cycle of "technology-scenario-industry" [3] Group 3: Future Development of "Internet of Everything" - China's satellite communication sector has accelerated, with recent policy initiatives aimed at optimizing business access and promoting industry development [4] - Major telecom companies, including China Telecom, China Mobile, and China Unicom, have obtained operational qualifications for satellite mobile communication, enabling services like direct satellite connections for emergency communications and remote area connectivity [4] - China Telecom has launched a trial for its "Tiantong + Beidou" domestic satellite-based high-precision positioning service, targeting areas with weak or no network coverage, enhancing support for scenarios like drone inspections and low-altitude navigation [4]

Investment Rating - The report maintains a "Positive" investment rating for the software and services industry [7]. Core Insights - The computer sector experienced a continued decline, with an overall drop of 2.33%, ranking 7th among major industries in the Yangtze River region. The total trading volume accounted for 7.73% of the market, with Huawei-related stocks being particularly active [2][4]. - The report highlights the launch of Gemini-3 by Google, emphasizing its advanced capabilities and the importance of multi-modal applications and commercialization [6][41]. - The report suggests focusing on the developments in AI products, particularly those that exceed expectations, and continues to favor domestic AI chains, computing power chains, and the international expansion of AI [6][55]. Summary by Sections Market Performance - The overall market saw a significant decline, with the Shanghai Composite Index falling below 3900 points, closing at 3834.89, representing a 3.90% drop. The computer sector's decline of 2.33% places it 7th among major industries [4][14]. Key Events - The 2025 Quantum Technology and Industry Conference was held in Hefei, focusing on advancements in quantum communication, computing, and precision measurement [20][23]. - The launch of the satellite IoT business trial was announced at the 2025 China 5G + Industrial Internet Conference, which is expected to enhance the satellite communication market [31][40]. Recommendations - The report recommends focusing on Gemini-3, which features a sparse MoE architecture capable of processing up to 1 million tokens, with pricing structures detailed for input and output [6][41]. - Continued emphasis is placed on the potential of domestic AI chains and key players with significant market positioning [6][55]. Industry Developments - The quantum technology sector is experiencing rapid growth, with significant advancements showcased at the recent conference, indicating a shift towards commercialization [28]. - The satellite IoT trial is expected to stimulate investment opportunities in the satellite internet sector, supported by recent policy initiatives [31][40].

方正证券指出，今年8月，工业和信息化部发布《关于优化业务准入促进卫星通信产业发展的指导意 见》（以下简称《指导意见》），对卫星通信业务开放工作进行统筹布局和系统谋划。开展卫星物联网 业务商用试验，是落实《指导意见》工作部署，顺应科技创新和产业变革大势，积极探索新型卫星通信 业务的重要举措。 港股方面，中船防务（600685）涨约13%，快手涨超7%，网易、蔚来、哔哩哔哩等涨超5%，阿里巴 巴、百度集团等涨逾4%。 军工板块爆发 军工板块盘中大幅走高，卫星导航、商业航天概念等表现亮眼。截至收盘，招标股份、久之洋、航天环 宇、江龙船艇等20%涨停，北方长龙（301357）涨超12%，中天火箭（003009）、长城军工（601606） 亦涨停。 | 代码 | 名称 | � | 涨幅% | 现价 | 涨跌 | 采价 | 卖价 | 总量 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 301136 招标胶价 | | R | 20.00 | 16.32 | 2.72 | 16.32 | | 197684 | | 300216 | 久之洋 | . | ...

| | | Wind热门概念指数 | | | | --- | --- | --- | --- | --- | | 中船系 5.41% | 商业航天 卫星互联网 拼多多合作 小红书平台 5.22% | 5.18% | 6.16% | 5.66% | | 航母 | 卫星导航 | 军工信息化 | WEB3.0 | 十大军工集 | | 4.70% | 4.83% | 4.78% | 4.80% | 4.43% | 规模方面，卫星ETF最新规模达13.73亿元。 航空航天、低空经济都是十五五规划建议中明确提出加快打造的战略性新兴产业集群，预计未来将催生 出数个万亿级甚至更大规模的市场，板块投资价值凸显！ 卫星ETF（159206）聚焦商业航天+卫星通信，在卫星产业链中超配卫星制造，有望在"航天强国"背景 下率先爆发。卫星ETF（159206）也是全市场首支的卫星ETF，其联接基金A类024194，C类024195。 通用航空ETF（159206）聚焦低空经济+无人机，受"新质战斗力"+"新质生产力"双重提振，显著受益 于空天地一体化的快速发展。通用航空ETF（159378）也是全市场首支且同类规模最大的通用航空 ETF ...

Core Viewpoint - The commercial aerospace sector is experiencing a significant surge, driven by multiple favorable developments, including the launch of satellite IoT business trials and the establishment of key regulatory bodies [1][2][4]. Group 1: Recent Developments - The Ministry of Industry and Information Technology announced the official launch of commercial trials for China's satellite IoT business during the 5G + Industrial Internet Conference, aiming to enhance market supply and stimulate industry growth [7]. - The establishment of the Commercial Aerospace Department within the National Defense Science and Technology Administration indicates a formal regulatory framework for the commercial aerospace sector [2]. - The upcoming launch of Shenzhou-22 and the first flight of the domestic reusable rocket ZQ-3 are anticipated to further boost the sector's momentum [3][8]. Group 2: Market Reactions - On November 24, the commercial aerospace sector saw a dramatic increase, with 11 stocks hitting the daily limit or rising over 10%, indicating strong investor interest [6]. - Notable stocks included Zhaobiao Co., which surged by 20%, and other companies like Aerospace Huanyu and Aerospace Changfeng also experienced significant gains [6][7]. Group 3: Future Outlook - Analysts predict that the competition in the commercial rocket sector will intensify, with regulatory bodies likely to use the successful launch of reusable rockets as a benchmark for IPO standards [4][8]. - The global satellite IoT market is projected to exceed 300 million connections by 2030, potentially reaching a market size of $100 billion, driven by technological advancements and expanding application scenarios [10]. - The successful launch of the Zhuque-3 rocket, designed for high-frequency, low-cost launches, is highly anticipated and could serve as a catalyst for further developments in the commercial aerospace market [11].

Group 1: TMT Industry Insights - The current market faces multiple uncertainties, leading to a cautious and neutral allocation recommendation for the TMT sector, including telecommunications [1] - The long-term outlook for the TMT industry is positive, driven by trends in 6G, domestic substitution, self-control, and military applications, which are expected to catalyze market opportunities in computing power leasing, satellite communication, and 6G [1] Group 2: Satellite IoT Commercialization - The Ministry of Industry and Information Technology officially launched a two-year commercial trial for satellite IoT services, marking a significant step in China's satellite internet commercial operations [1] - The issuance of satellite internet licenses is anticipated to accelerate the entire industry chain towards large-scale development, with rapid advancements in satellite communication capabilities [1] Group 3: AI Market Dynamics - The AI market is currently experiencing volatility due to uncertainties surrounding application scenarios and geopolitical policies affecting AI chip usage in China [2] - Despite short-term uncertainties, the domestic AI chip localization process is seen as an inevitable trend, with a favorable environment for the development of domestic chips [2] - Companies involved in advanced manufacturing processes and chip architecture upgrades are expected to benefit, including firms like Cambricon and SMIC [2] Group 4: Beneficiary Companies - Beneficiary companies in the AI sector include those involved in computing power expansion, such as ZTE, Unisoc, and various optical device manufacturers [2] - Specific companies mentioned as beneficiaries include: - For switches: ZTE, Unisoc, Shengke Communication, Ruijie Networks - For optical devices: LightSpeed Technology, Huagong Technology, and others [2]

消息面上，11月22日，在2025中国"5G+"工业互联网大会上，工业和信息化部正式启动我国卫星物联网业务商用试验，此次商用试验期为两年，目标通过开 展卫星物联网业务商用试验，丰富卫星通信市场供给，支撑商业航天、低空经济等新兴产业安全健康发展。 华西证券指出，工信部于2025年11月22日正式启动卫星物联网业务商用试验，标志着我国卫星互联网商业运营迈出关键一步。随着牌照发放预期升温，全产 业链有望加速向规模化发展迈进，通信容量提升与时延降低将推动手机直连卫星、低轨卫星网联智能驾驶等应用快速落地。 航空航天、低空经济都是十五五规划建议中明确提出加快打造的战略性新兴产业集群，预计未来将催生出数个万亿级甚至更大规模的市场，板块投资价值凸 显！ 今日，受重磅消息提振，商业航天、卫星互联网、卫星导航等板块领涨市场。截至10：37，聚焦商业航天+卫星通信的卫星ETF（159206）涨2.07%，成分股 光库科技涨超14%，海格通信、乾照光电、华曙高科、航天智装等跟涨。聚焦低空经济的通用航空ETF（159378）涨1.92%，成分股晨曦航空、航天彩虹涨 超6%，莱斯信息、天和防务等跟涨。 通用航空ETF（159206）聚焦 ...

21世纪经济报道新质生产力研究院综合报道 早上好，新的一天又开始了。在过去的24小时内，科技行业发生了哪些有意思的事情？来跟21tech一起 看看吧。 【巨头风向标】 小米回应"汽车工厂内电池产线起火" 11月23日，"小米公司发言人"账号发文澄清网传所谓"小米汽车工厂内电池产线起火"相关谣言。小米方 面介绍，2024年，小米汽车工厂电池车间的生产设备，在调试优化过程中，操作人员在手动模式下调试 操作失误，使得AGV（自动导引车）上托运的电池包与设备发生磕碰，电芯被划伤，从而造成该电池 包短路引起明火，火情极小。车间迅速启动处理预案，相关火情被迅速扑灭，未波及其他生产区域，且 没有造成人员受伤。小米方面强调，此次事件确实是生产流程调试工作中的偏差，并不是电池本身存在 设计缺陷、材料问题或制造瑕疵。 升级版"星舰"火箭发生爆炸 据CCTV国际时讯报道，美国太空探索技术公司11月21日称，该公司升级版"星舰"火箭的助推器在测试 中出现异常，具体原因目前还未确定。据报道，实时视频显示，助推器当天在测试过程中发生了爆 炸。"星舰"火箭由"超级重型"助推器和"星舰"飞船两部分组成，在此前的测试中曾经发生过助推器爆 炸、 ...

Core Viewpoint - The launch of commercial trials for satellite IoT in China marks a significant step towards enhancing the satellite communication market, stimulating industry growth, and supporting emerging sectors like commercial space and low-altitude economy [1][2][3] Industry Summary - The Ministry of Industry and Information Technology announced the start of a two-year commercial trial for satellite IoT, aimed at enriching market supply and establishing a regulatory framework [1] - The satellite IoT business connects various IoT devices through satellite communication, providing low-speed data services for a wide range of applications, including agriculture and emergency communications [1][2] - The satellite communication market in China is projected to exceed 80 billion yuan in 2023, with an expected annual growth rate of approximately 15% from 2024 to 2029, potentially reaching over 200 billion yuan by 2029 [2] - The commercial trial is expected to create significant demand for satellite launches, driving growth in satellite manufacturing and rocket launch industries [1][3] Company Developments - China Telecom has made advancements in satellite internet technology, enabling mobile devices to connect directly to satellites, with coverage extending to 25 million mobile terminals [4] - China Mobile has received a license to operate satellite mobile communication services, enhancing applications in emergency communication and remote area connectivity [5] - China Unicom successfully launched four low-orbit satellites, including the first domestic satellite with 3GPP narrowband IoT capabilities, marking a significant step in low-orbit satellite IoT development [5]