暂停资格公告发布次日，中科星图大跌7.31%。截至最新，相比暂停采购资格前，中科星图股价累计跌幅仍 有5.71%。 公司近期在投资者互动平台上透露，面向商业航天、低空经济、数字经济巨大市场潜力，公司将继续加强空 天信息技术创新和生态建设，并通过向商业航天上游布局，推进面向全产业链的战略跃迁。通过"向天补强、 向空发展、空天一体、以云为本"，逐步从高速增长向高质量发展转变。 从业绩上来看，中科星图上市以来归母净利润持续增长，2017~2023年连续7年归母净利润增幅均达到双位数 以上，2024年净利润增幅相对收窄，增长2.67%，今年一季度归母净利润达到2077.66万元，同比增长971%， 环比下降89.92%。 （文章来源：证券时报网） 公司表示，暂停期间未能参加军队物资工程服务采购活动，该情况未对公司经营业绩产生重大不利影响。资 格恢复后，公司可全面参与军队物资工程服务采购活动，将为公司正常经营和发展带来积极影响。 在5月29日，中科星图发布公告称，军队采购网发布信息显示，由于公司在参加项目编号：2024-JH01-F2101 采购活动中，涉嫌存在违规失信行为，自2025年5月28日起暂停公司参加全军物资 ...

证券研究报告 1、本周市场回顾 关注低位泛科技 ——每周主题、产业趋势交易复盘和展望 证券分析师：陈刚 执业证书编号：S0600523040001 邮箱：cheng@dwzq.com.cn 研究助理：孔思迈 执业证书编号：S0600124070019 邮箱：kongsm@dwzq.com.cn 2025年6月15日 注：本报告所涉及个股/公司仅代表与产业或交易热点有关联，所引述资讯/数据/观点仅以展示为目的，不构成投资建议，个股层面请参照东吴证券研究所各行业组所推荐标的。 目录 2、产业趋势交易回顾与展望 3、风险提示 2 注：本报告所涉及个股/公司仅代表与产业或交易热点有关联，所引述资讯/数据/观点仅以展示为目的，不构成投资建议，个股层面请参照东吴证券研究所各行业组所推荐标的。 1. 本周市场回顾 注：本周交易日为6月9日-13日 （如无特殊说明）后文同 3 注：本报告所涉及个股/公司仅代表与产业或交易热点有关联，所引述资讯/数据/观点仅以展示为目的，不构成投资建议，个股层面请参照东吴证券研究所各行业组所推荐标的。 一：大盘表现 ✓ 上证指数走势 4 注：本报告所涉及个股/公司仅代表与产业或交易热点有关联， ...

Group 1 - The core viewpoint highlights the recent rebound in technology sectors, particularly in military, pharmaceutical, and TMT industries, with the Sci-Tech Innovation Board ETF (589630) rising nearly 1.5% [1] - The A-share merger and acquisition market has been active this year, with significant participation from Sci-Tech Innovation Board companies, especially in sectors like biomedicine, semiconductors, and new-generation information technology [1] - Data indicates that out of 86 major restructuring events in 2025, 18 involved Sci-Tech Innovation Board companies, showing a significant increase compared to the same period last year [1] Group 2 - Dongwu Securities emphasizes the importance of self-reliance in technology, focusing on sectors such as artificial intelligence, autonomous control, new energy technology, aerospace information technology, and data elements [1] - In aerospace information technology, areas like low-altitude economy, satellites, and commercial space are highlighted as key focus points [1] - The report suggests that the AI sector should concentrate on AI agents, AI applications (like standalone software and smart terminals), humanoid robots, and autonomous driving [1] Group 3 - Western Securities notes that the level of merger and acquisition activity reflects the direction of the industrial cycle, with the highest number of mergers occurring in the automotive, electronics, and machinery sectors in 2024 [2] - The report indicates that the trends in automotive intelligence, semiconductor self-control, and high-end manufacturing are accelerating technological upgrades and industry evolution [2] - It is suggested that if AI commercialization leads to performance improvements through mergers and acquisitions, it could create a mainline market trend; otherwise, it may only represent a short-term thematic opportunity [2] Group 4 - The Sci-Tech Innovation Index ETF from Guotai (code: 589630) tracks the Sci-Tech Innovation Index (code: 000680), which includes representative stocks from the Sci-Tech Innovation Board, with an average market capitalization of approximately 11 billion [2] - The index focuses on technology innovation companies, covering more early-stage innovative firms and emphasizing hard technology sectors [2] - Investors without stock accounts can consider Guotai's linked ETFs for the Sci-Tech Innovation Board Comprehensive ETF [2]

Group 1 - The A-share market saw significant gains in sectors such as non-ferrous metals, communications, basic chemicals, and oil and petrochemicals on June 6, with active indices in water conservancy, fluorine chemicals, storage, optical communications, and optical modules [1] - The recent strategic merger announcement between Haiguang Information and Zhongke Shuguang is expected to enhance the synergy among companies in the Zhongke system, which includes key assets and R&D capabilities from the Chinese Academy of Sciences [1][2] - Debon Securities highlighted that the collaboration among Zhongke companies can lead to a significant increase in market value by leveraging their strengths across different fields, potentially breaking through existing market caps [2] Group 2 - The Xinchuan ETF (562570) is closely related to the strategic restructuring of Haiguang Information and Zhongke Shuguang, with both companies being major components of the index, collectively accounting for over 10% of its weight [3] - The Cloud Computing 50 ETF (516630) tracks an index with a high AI computing power content, including significant weights from Zhongke Shuguang and Zhongke Xingtou, indicating their importance in the cloud computing sector [3]

其次是注重适度创新、突出特色。王玉跃表示，在系统整合科技、工信、人社、农业等部门现行人才支 持政策基础上，专项政策聚焦各领域行业特点，适度创新突破，更好实现政策叠加赋能。 比如，适度放宽了银龄人才高层次人才分类认定年龄限制，首次将国家农业产业技术体系首席科学家、 副首席科学家和主要农作物品种选育人纳入人才分类认定范围，对量子科技、空天信息、未来网络等数 字经济细分领域人才，探索开展评价模式创新，更加充分激发人才创造活力；比如，将青年人才承担国 家和省级重大任务情况，纳入对创新平台的绩效评估，以制度性安排支持青年人才"挑大梁、当主角"。 此外，专项政策注重聚焦产业、服务发展。强化产才融合导向，突出细分产业领域差异化，提高人才政 策与产业需求适配度。比如，数字经济人才队伍建设，提出围绕大模型、人工智能、虚拟现实等数字经 济领域新职业新需求，支持建设数字技术工程师培育基地，培养壮大数字技术工程师队伍；比如，青年 科技人才队伍建设，提出探索设立"长周期稳定支持计划"，对服务济南重大战略需求的优秀青年科研人 员给予持续资助，推动青年人才向关键领域集聚，加速科技成果转化落地；比如，种业人才队伍建设， 提出聚焦农作物种子、 ...

在支持青年人才创新创业和核心技术攻关方面，有以下创新举措： 聚焦济南13条标志性产业链和34条重点产业链，精准支持青年人才创业。王福岭表示，济南将在人工智 能、高端数控机床与机器人、空天信息、新能源装备等领域，每年遴选10名左右优秀青年创业人才，给 予一次性50万元资金支持，纳入海右人才基金重点扶持范围。同时，还提供"海右人才"政策服务团、金 融服务团、法律服务团、知识产权服务团及科技经纪人、市场营销专家、管理咨询专家等全链条、一揽 子支持服务。 其次，充分发挥基金杠杆作用，加速成果转化落地。济南将在3年内举办不少于100场高质量的青年科技 人才推介会和路演活动，通过"基金+项目+人才"模式，帮助青年人才快速对接资本、产业和市场，获 得资金、平台等全方位支持。 齐鲁晚报.齐鲁壹点李梦瑶 推行"揭榜挂帅"，激励青年人才勇闯科技前沿。"3年内我们将组织不少于50项青年科技创新'揭榜挂 帅'活动，只要有能力、有想法，青年人才就有机会牵头重大任务，促使创新成果尽快转化为现实生产 力。"王福岭说。 6月5日，济南市政府新闻办召开新闻发布会。记者获悉，近期，济南制定出台了加强数字经济、青年科 技、银龄、种业四个细分领域人 ...

雄安新区建设已经走过了八个年头，八年前，雄安新区可以说是一张"白纸"，经过八年来的精心描画、 着色，雄安这座"未来之城"拔节生长、稳步成形。其中，186家专精特新"小巨人"、独角兽、制造业单 项冠军等重点领域企业落地入驻雄安新区中关村产业园，一座充满活力的"未来产业之城"正在加速成 型。2024年10月14日，中国卫星（600118）网络集团有限公司位于雄安新区启动区的办公楼正式投入使 用，这是首家注册落户雄安新区的央企。依托中国星网这样的链主企业，雄安新区开始谋划卫星互联 网、时空信息、商业卫星智造、空天飞行器4大赛道，规划构建起七大细分领域并跑的空天信息产业链 条。(央视新闻) ...

Core Insights - The 2025 Global Most Valuable Cities Top 100 list was released by GYBrand, evaluating cities based on economic strength, infrastructure, quality of life, business environment, international reputation, development potential, and global brand building [1][3] Group 1: Chinese Cities Performance - Fourteen Chinese cities made the list, ranking second globally, with Shanghai and Beijing securing spots in the top ten at 7th and 8th respectively [3][11] - Suzhou entered the top 100 for the first time at 78th, showcasing China's multidimensional breakthroughs in global competition [3][9] Group 2: Shanghai's Strengths and Challenges - Shanghai's core advantages lie in its dual engines of finance and technology, with the Sci-Tech Innovation Board accounting for 40% of the total market value of listed companies in China by 2024 [3][5] - The Shanghai-Suzhou tech cluster ranked fifth globally, with a 10.6% year-on-year increase in PCT international patent applications, totaling 6,185 in 2024 [5] - Challenges include air quality and high living costs affecting livability scores, leading to talent migration to surrounding cities [5][13] Group 3: Beijing's Development - Beijing ranked 8th globally, highlighting its hard power in technology innovation, with 30% of China's AI companies and 40% of quantum computing labs located in the city [7] - The city achieved a research and development intensity of 6.2% in 2024, surpassing Silicon Valley's average [7] - Cultural experiences in Beijing have improved, with the 798 Art District hosting more annual exhibitions than New York's MoMA [7][13] Group 4: Suzhou's Innovation and Growth - Suzhou's core competitiveness stems from the integration of manufacturing and innovation, with 240,000 effective invention patents in 2024, a 19.5% increase [9] - The city is home to the largest industrial internet platform, empowering 150,000 enterprises in digital transformation [9] - Suzhou's transformation from a "world factory" to an "innovation workshop" is marked by significant achievements in various sectors [9][15] Group 5: Emerging Cities and Regional Disparities - Shenzhen ranked 19th globally, surpassing Guangzhou (32nd), with a research and development intensity of 5.8% [11] - Chengdu entered the top 80 for the first time, driven by its "park city" concept and 6G technology development [11] - Regional imbalances are evident, with 11 of the 14 listed cities located in the eastern coastal region, while only Chengdu and Wuhan represent the central and western regions [13] Group 6: Recommendations for Improvement - Major cities should shift from "scale expansion" to "refined operations," with Shanghai exploring "flying economy" and resource sharing with neighboring cities [15] - Beijing needs to alleviate non-capital functions and foster collaborative innovation in the Tianjin-Hebei region [15] - Suzhou should focus on nurturing specialized and innovative enterprises to become champions in global niche markets [15]

Core Insights - The West Lake District is making significant strides in the aerospace information industry, with over 300 related enterprises gathered in the Yunqi Town, aiming to create a 100 billion yuan aerospace information industry chain in Zhejiang Province [2] - The commercial aerospace sector, recognized as a strategic emerging industry with a market potential exceeding 10 trillion yuan, has been highlighted in government work reports for two consecutive years [2] - The region is focusing on sub-sectors such as space intelligence computing and satellite internet, establishing a comprehensive industrial ecosystem that includes satellite research, manufacturing, and application [2] Industry Developments - The first offline supermarket for the entire commercial satellite and component industry chain, "Dongfanghong Tianxuan," has been launched in Yunqi Town, showcasing over 200 types of commercial satellite products to enhance efficiency for satellite manufacturing companies [3] - The "Zero Gravity Space" company has signed an agreement to build a satellite "health check center," which will reduce component testing costs by 40%, aiding companies in cost reduction and efficiency improvement [3] - The "Ring Yunqi Space-Earth-Sea Collaborative Innovation Alliance" has been established to connect universities, research institutions, enterprises, and investment agencies, promoting collaboration and resource sharing [3] Innovation Ecosystem - The rapid rise of the aerospace information industry in the West Lake District is attributed to the presence of major research institutions, including national laboratories and various research institutes, which provide a strong foundation for innovation [4][5] - The establishment of the Aerospace Five Institute's Hangzhou Center has led to a swift accumulation of industrial innovation resources, attracting multiple companies and resulting in the construction of a 53,000 square meter aerospace industrial base [5] - The region is expected to have a new park covering nearly 70 acres completed by 2026, which will support key project production and core research [5] - Annual events such as the Yunqi Conference and the Aerospace Information Conference serve as platforms to gather related ecological enterprises, further enhancing the industry ecosystem [5]

le 1 16 tion > F @ t ( 马朝 为中国航天 提供"亦庄方案" ——专访北京经济技术开发区机器人和智能制造产业局副局长马朝 在商业航天产业不断发展的进程中，协同创新是关键突破口。北京亦庄已成立可重复使用火箭技术创新 中心、商业航天联盟，并联合清华等高校设立重点实验室。"企业可在共性技术平台共享试验设备，研 发效率提升超30%。未来要在通导遥一体化、空天地全域应用上形成标准，让'中国方案'走向世界。"马 朝说。 如何将"上天"的技术转化为"落地"的价值？马朝的答案是：让航天与城市共生。"我们正推动空天信息 与AI、大数据深度融合，在自动驾驶、智慧城市等领域打造示范场景。"他透露，北京亦庄支持企业开 发天地融通解决方案，推动自动驾驶车辆"走出"封闭测试区；同时联合中国移动等企业，构建低轨星座 与6G网络的协同体系。 除了聚焦国内城市发展需求，国际化也是另一重点赛道。"今年将设立'一带一路'商业航天合作专项， 支持企业开拓海外发射服务、卫星运营市场。"马朝表示。 对于未来空天产业布局，马朝表示，北京亦庄将加快推进重点项目建设进展，打造地标建筑、标杆工 厂。"按照世界一流航天港标准，建设空天街区，加 ...