（来源：新安晚报） 转自：新安晚报 先看两则消息。 今年10月，印度尼西亚首艘国产无人潜航器在深海区域发射了一枚"食人鱼"轻型声自导鱼雷。 也是在今年，据美国海军2026财年预算计划，其拟投入5千万美元，开发一种代号为"解放者"的集装箱 式MK48mod7声自导鱼雷发射系统，并集成到无人水面舰艇上。 这再次印证了声自导鱼雷在现代海战中仍占有"一席之地"，人们的目光被再次引向这一古老而又常青的 武器。 为何常青 说古老，是因为自第一枚声自导鱼雷问世时起，该类武器已拥有80多年的发展历史；说常青，是因为无 论岁月如何变换，它始终活跃在水下战场。从潜艇的发射管，到水面舰艇的甲板，再到战机的翼下，乃 至今日的一些无人平台，都能看到声自导鱼雷的身影。 声自导鱼雷之所以能成为海战武器中的常青树，源于其在技术、战术、成本方面具有一定优势。 作为鱼雷的一种，声自导鱼雷在水下作战中，通过声呐系统接收声信号，再经制导控制系统分析后生成 指令，驱动舵机调整航向，直至命中目标，素有"追声猎手"之称。这种基于声波的制导机制，赋予了声 自导鱼雷得天独厚的技术优势。作战行动中，其通过主动发射声波搜索，或被动接收目标噪声，可实 现"自动索敌 ...

国盛证券（002670）看好快递行业两条投资主线。1)出海线：快递出海，天地广阔，海外电商GMV爆 发式增长，带动快递业务量迅猛增长；2)"反内卷"线：快递行业增速由于基数增大和快递价格拉涨等因 素持续放缓，通达内部分化并未因为"反内卷"而中断，反而因为行业增速红利消减而加大。"反内卷"背 景下更考验快递总部管理能力和网络实力，头部快递竞争实力能显著放大，份额逐步向其集中。头部快 递份额、利润同步提升，有望迎来双击。 中泰证券（600918）认为，"反内卷+无人化"共同催化快递行业经营质量改善，跨境物流关注嘉友国际 （603871）盈利改善持续性。1)快递行业高质量发展持续推进，"反内卷"政策或加码提振行业盈利预 期。2)无人驾驶或加速催化产业变革。目前，京东、菜鸟、顺丰等物流快递巨头在无人车等相关领域均 有布局，在政策推动、技术进步与资本加持背景下，配送业务变革或加速。 12月16日记者从国家邮政局获悉，前11个月，我国邮政行业寄递业务量累计完成1967.5亿件，同比增长 12.9%。其中，快递业务量累计完成1807.4亿件，同比增长14.9%。当日，国家邮政局公布邮政行业运行 情况。前11个月，我国邮政行 ...

Core Insights - The report emphasizes the importance of "globalization and AI+" in advancing high-quality development in the defense and military industry, highlighting the need for modernization and efficiency improvements in military systems [5][30][34] - The investment strategy focuses on balancing value and growth, with traditional sectors entering an S-curve evolution phase while new demands and replacements coexist [5][30] Section Summaries 1. Current Development Stage from the S-Curve Perspective - The defense and military industry is in a growth phase, with traditional sectors experiencing rapid development during the previous five-year plan, but not yet entering a slowdown [16][26] - The S-curve model indicates that the industry lifecycle includes multiple product lifecycles, with the current focus on extending product lifespans through innovation [23][24] 2. S-Curve Cycle Expansion - Global military trade remains robust, emphasizing the importance of lifecycle management from equipment to services [9][18] - The report anticipates that the demand for large aircraft and low-altitude economic activities will accelerate due to supportive policies [9][28] 3. S-Curve Cycle Evolution - Supply chain reforms are crucial for reducing costs and complexity, enhancing the focus on maintenance and repair services [9][33] - The integration of unmanned systems and intelligent technologies is expected to drive significant advancements in military capabilities [9][51] 4. New Cycle of the S-Curve: Emerging Industries - The report identifies commercial aerospace, AI, controllable nuclear fusion, quantum information, and deep-sea technology as key areas for future growth [9][57][65] - The acceleration of technological advancements and policy support is expected to unlock new market opportunities in these sectors [9][58] 5. Investment Recommendations - The report recommends focusing on companies that align with the evolving S-curve, particularly those involved in supply chain reform, maintenance, and unmanned systems [5][30] - Specific companies highlighted for investment include 航发动力, 中航高科, and 国睿科技, among others, which are positioned to benefit from these trends [6][9]

Group 1: Engineering Machinery - Domestic demand for excavators is expected to recover to around 120,000 units in 2025, with a year-on-year increase of 19.6% in the first ten months of 2025 [1][15] - The export of excavators reached 93,800 units in the first ten months of 2025, showing a year-on-year increase of 14.4%, with an expected annual growth rate of around 15% [1][29] - The recovery in domestic demand is primarily driven by small excavators, reflecting increased demand for machinery in rural and small-scale water conservancy projects [15][20] Group 2: Shipbuilding and Offshore Engineering - The global shipbuilding industry saw a decline in new orders, with a total of 9,483.31 million deadweight tons in the first ten months of 2025, down 44.67% year-on-year [2] - The shipbuilding price index has shown a general decline, but there is a recovery in orders for bulk carriers and oil tankers in October 2025 [2] - The upcoming replacement cycle in shipbuilding, combined with tightening global environmental policies, is expected to drive a new round of demand growth [2] Group 3: Cyclical Industries - The cyclical sector is showing signs of recovery in 2025, supported by low baselines and the expansion into new industries [3] - The industrial control market is rebounding, with a notable increase in the OEM market, while project-based markets are showing weaker performance [3] - The industrial robot market is expected to grow by over 10% year-on-year in 2025, indicating a sustained recovery [3] Group 4: AI and Robotics - The AI sector is driving significant changes in various industries, with a focus on humanoid robots, data center equipment, and vertical applications [4] - The demand for data center backup power sources is increasing due to global capacity shortages, with domestic alternatives expected to accelerate [4] - The introduction of humanoid robots is becoming a reality, with significant production plans announced by companies like Tesla for 2026 [4] Group 5: Investment Recommendations - The report recommends focusing on the engineering machinery sector, particularly companies like SANY Heavy Industry, XCMG, and LiuGong, which are expected to benefit from domestic and international demand [5][9] - In the shipbuilding and offshore engineering sector, China International Marine Containers (CIMC) is highlighted as a potential beneficiary of the recovery [5][9] - The AI and robotics sector presents investment opportunities in companies like Weichuang Electric and Jack Technology, which are positioned to benefit from the ongoing industrial transformation [5][9]

Core Insights - SANY Robotics is innovating in the electric forklift market by developing autonomous electric forklifts that address safety and efficiency issues associated with traditional forklifts [1][2] - The company has introduced a high-voltage lithium battery platform that enhances the performance of electric forklifts, allowing for a maximum load capacity of 2 tons and a lifting height of up to 5 layers [1][2] - SANY Robotics aims to expand its international presence, targeting a sales goal of 4 billion yuan by 2035, with a current forecast of 10 billion yuan in sales for the year [2][4] Group 1: Product Development - SANY Robotics has developed a high-pressure lithium battery forklift that utilizes automotive-grade technology, achieving a maximum climbing gradient of 25% and a charging efficiency that allows for 8 hours of work after just 1 hour of charging [2] - The electric forklifts have been successfully deployed in over 50 countries and regions, with applications in extreme working conditions [2][3] Group 2: Market Expansion - The company has upgraded its production lines to increase monthly capacity by 300% to meet growing market demand, with a projected order volume of 5,000 units for the year [2][4] - SANY Robotics has established a dealer network of over 150, covering major domestic provinces and key overseas markets [4] Group 3: Future Vision - The company is focusing on becoming a leading provider of smart logistics solutions, integrating high-performance electric forklifts with autonomous driving technology and AI algorithms [4] - SANY Robotics is committed to creating a low-carbon intelligent logistics ecosystem that encompasses warehousing, handling, sorting, and loading processes [4]

任正非在ICPC讲话内容要点：• AI在华为有重要地位，但最重要的还是CT。• 无人化富余出的员工怎么办？要发展再教育工程，例如实行学券制，给下岗人员一些学券补贴，把一些已经空着的学校、工厂变成职业学校，对下岗人员进行职业再教育。• AI辅助计算机软件编程已经释放了约30%的软件工程师的工作量，未来可能达到60-70%。• 无人化进展速度不能太快，要使社会结构发展稳定。• 算力过剩的时代一定会到来。• 量子科学迟早是要突破的，量子用于计算机一定能实现的。• 美国的土壤是适合种庄稼的，大量人才到美国成长这是好事情，并不是坏事情。现在中国也有人才的土壤和机会，但追赶美国的速度还是慢的。外汇交易员 (@myfxtrader):https://t.co/BTeje2T494 ...

《公路干线物流自动驾驶行业研究报告》显示，从2025年起，全球自动驾驶卡车将进入全无人化产品的规模化验证阶段，预计到2030年，国内相关市场规模 将超过4000亿元。 对于自动驾驶的终极目标"完全无人化"，韦峻青认为，在L4级自动驾驶市场，卡尔动力的核心关切并非"能否实现无人化"的技术问题，而是聚焦于商业落 地，比如"无人化运行能否真正盈利？能否实现常态化运营？能否从100台规模扩展至500台、1000台甚至更大？" 不追求100%无人化，只要规模化运营就有商业价值 实际上，相比于其他L4级自动驾驶细分市场，今年以来，以无人物流车、自动驾驶重卡为代表的细分赛道进展尤为迅速，不仅融资活跃，更已步入商业化 造血阶段。 在卡尔动力COO（首席运营官）李潇潇看来，相比传统货运，自动驾驶重卡除了节省人力，本质上是通过技术重塑成本结构和运营效率。 公开资料显示，卡尔动力成立于2021年，是由滴滴孵化出的L4级自动驾驶卡车公司。截至目前，卡尔动力已构建超过400台的自动驾驶车队，自动驾驶运营 里程累计超3500万公里、货运总量达到12亿吨。今年上半年，卡尔动力获得全国首个自动驾驶货运无人商业化运营资质，率先实现单线路经济模 ...

国家邮政局有关负责人表示，今年以来，邮政快递规模经济效应持续放大，对产业拉动和区域经济的带 动能力明显提升，成为促消费、扩内需、稳增长的重要支撑。近年来，邮政快递业立足应用场景多元、 数据资源富集和市场空间广阔的优势，主动适应新业态新模式需求，加大科技研发投入，增强科技创新 能力，提升科技应用水平。在仓储环节，搬运机器人、飞梯机器人、高密度货架、定制化料箱、自动入 库工作站等，可实现全面无人化上架、拣选、出库，大幅提升生产效率；在分拣环节，AI视觉模型依 托覆盖各主要分拨中心的摄像头，实现毫秒级响应，显著降低错分、破损和遗失率；在运输环节，垂直 领域大模型加快应用，助力实现路由规划的动态优化和运输方式的无缝衔接；在揽派环节，无人机、无 人车和机器人试点范围扩大，有效降低揽派成本。 扫一扫在手机打开当前页 据新华社北京12月1日电（记者叶昊鸣）记者12月1日从国家邮政局获悉，国家邮政局监测数据显示，截 至2025年11月30日，我国快递年业务量首次突破1800亿件。 据了解，广东深圳市的一名市民网购的智能学习机，成为今年我国第1800亿件快递。这件快件从京东智 狼仓经过全自动分拣出库，运达站点后将由无人快递车送 ...

中新网柳州11月27日电 (林馨 卢静)"中国的电动化工程机械产品让我大开眼界。"非洲客户日前参加 2025柳工全球经销商年会暨全球客户节时表示。 图为海外客户在了解中国工程机械设备。林馨 摄 11月26日到27日，来自全球近百个国家和地区的超1500名客户深入了解广西柳工机械股份有限公司(下 称"柳工")创新成果，感受"中国智造"硬核实力。 活动现场，柳工正式发布电动产品补能方案，围绕小型设备、连续作业设备以及高能耗设备提出3大补 能路径——移动供电、快速换电、外置电源，以此实现能源快速灵活补给。 不断创新让柳工出海之路越走越宽。今年前三季度，柳工海外业绩创历史新高。"电动化产品在海外尤 为受欢迎，助力企业海外业务持续增长。"柳工国际业务中心产品营销专家彭拔萃表示。 非洲客户认为，电动化产品节约能耗且噪音低。"在柳工看到电动产品与传统燃油产品相比，整个开采 成本下降近70%。"该客户指出，会考虑采购相应设备。 如今，柳工已累计推出100多款电动产品，构建完整的电动化矩阵。在智能化方面，其推动无人化与人 工智能加速落地，无人驾驶电动装载机实现常态化作业，智慧矿山与物料管理系统覆盖8大应用场景。 图为海外客户在 ...

Group 1 - The company, Taihao Technology, is actively aligning with the demands of national defense modernization [1] - The company is focusing on the intelligent and unmanned sectors and is continuously investing in research and development resources [1]