Core Viewpoint - The article highlights the significant advancements and achievements of Zhejiang Space-Time Daoyu Technology Co., Ltd. in the commercial aerospace sector, particularly through the successful deployment of the Jili satellite constellation, marking a milestone in China's commercial satellite communication capabilities [1][2]. Group 1: Company Achievements - The successful launch of the Jielong-3 rocket in September, which deployed 12 satellites, completed the first phase of the Jili constellation, enabling global satellite IoT communication services [1]. - As of now, the company has 64 satellites in orbit with a reliability rate of 100%, making it the first in China to achieve large-scale commercial satellite communication [1]. - The establishment of the Jili satellite super factory in Taizhou represents a significant milestone, allowing for industrialized satellite production with a capacity of 500 satellites per year and a production time of 28 days per satellite [5]. Group 2: Technological Advancements - The Jili satellite communication terminal developed by the company has an anti-jamming capability 10 to 20 times greater than similar products, providing a competitive edge in hardware costs and data service fees [5]. - The company has successfully provided satellite communication and high-precision positioning services for major events such as the Hangzhou Asian Games and the Harbin Winter Universiade [6]. Group 3: Market Strategy and Future Outlook - The company focuses on the satellite communication sector, which accounts for nearly 70% of the aerospace market, and aims to expand into the 6G and 7G era, positioning low-orbit satellites as "sky base stations" to complement terrestrial communication networks [6]. - The company is transitioning from a technology manager to a global technology market promoter, emphasizing the importance of both product quality and market development for future growth in China's commercial aerospace sector [6].

Core Viewpoints - The current market strategy for investors is to remain calm and patient, avoiding excessive excitement from single-day rebounds or pessimism from adjustments. The focus should be on selecting fundamentally supported stocks for low-cost entry while steering clear of high-valuation stocks lacking earnings support [1][8][9] Market Overview - On Thursday, the three major indices opened lower, with the Shanghai Composite Index fluctuating to positive territory while the Shenzhen Component and ChiNext remained weak. The performance was mixed, with strong gains in the pharmaceutical and aerospace sectors, while growth and technology stocks dragged down overall market performance [4][5][6] - The Shanghai Composite Index closed at 3876.37 points, up 6.09 points, with a trading volume of 7048.96 billion; the Shenzhen Component closed at 13053.97 points, down 170.54 points, with a trading volume of 9505.87 billion; the ChiNext Index closed at 3107.06 points, down 68.85 points, with a trading volume of 4498.55 billion [5] Sector Analysis - The pharmaceutical commercial sector saw significant gains, supported by government funding announcements for medical insurance and healthcare services, totaling 416.6 billion for 2026 [6] - High-dividend stocks, particularly in the banking sector, supported the index. Investors are advised to focus on high-dividend stocks with strong fundamentals while avoiding high valuations in low-supply barrier industries [6][7] - The commercial aerospace sector became active due to recent policy clarifications and the establishment of dedicated regulatory bodies, providing a more stable development environment for the industry. Investors are encouraged to consider low-cost entries rather than chasing high prices [7]

新股优迅股份上市首日涨超360%。 2025.12.19 本文字数：555，阅读时长大约1分钟 作者 |一财阿驴 09:30可控核聚变大幅高开，王子新材涨停，常辅股份高开超10%，爱科赛博、哈焊华通、雪人集团等 涨幅靠前。消息面上，特朗普媒体科技集团大涨超40%。据报道，特朗普媒体科技集团同意以全股票交 易方式与核聚变能源企业TAE科技公司合并，交易总价值超60亿美元。 09:25 A股开盘丨三大指数集体高开 沪指高开0.05%，深成指高开0.48%，创业板指高开0.89%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | wh | 3878.23 | 1.86 | 0.05% | | 15841-2010 11 399001 | 深证成指 | w | 13116.19 | 62.21 | 0.48% | | 399006 | 创业板指 | M | 3134.80 | 27.74 | 0.89% | 盘面上，算力硬件方向反弹，CPO、存储器指数领涨；核聚变、6G、消费电子概念股活 ...

Core Viewpoint - The article highlights significant market movements, particularly in the context of the stock market opening and specific company performances, indicating a positive trend in certain sectors like nuclear fusion and technology [3][4]. Market Opening - The A-share market opened with all three major indices rising: Shanghai Composite Index up 0.05%, Shenzhen Component Index up 0.48%, and ChiNext Index up 0.89% [4][5]. - The opening prices for the indices were reported as follows: Shanghai Composite Index at 3878.23, Shenzhen Component Index at 13116.19, and ChiNext Index at 3134.80 [5]. Sector Performance - The computing hardware sector showed a rebound, with CPO and storage indices leading the gains. In contrast, coal, precious metals, and shipping industries experienced declines [6]. - Notable stock movements included a significant rise in companies related to nuclear fusion, 6G technology, and consumer electronics [6]. Noteworthy Stock Movements - New stock Youxin Co. debuted with an impressive increase of over 360% on its first trading day [7]. - Trump Media Technology Group saw a surge of over 40% following news of a merger with TAE Technologies, valued at over $6 billion [3]. Hong Kong Market Opening - The Hong Kong market also opened positively, with the Hang Seng Index up 0.53% and the Hang Seng Tech Index up 0.81%. Key tech stocks like NetEase, Alibaba Health, and Kuaishou showed strong performance [8][9].

沪指开盘涨0.05%，报3878.23点，深成指涨0.48%，报13116.19点，创业板指涨0.89%，报3134.8点，科 创50指数涨0.67%，报1314.75点。沪深两市合计成交额149.5亿元，全市场近3000只个股上涨。 | | 上证指数 | | --- | --- | | 深证成指 | 13116.19 62.21 0.48% | | 创业板指 | 3134.80 27.74 0.89% | | श्रीशिट0 | 1314.75 8.78 0.67% | | 北班50 | 1435.87 4.16 0.29% | 算力硬件方向反弹，CPO、存储器指数领涨；核聚变、6G、消费电子概念股活跃。煤炭、贵金属、海 运行业走弱。新股优迅股份上市首日涨超360%。 市场焦点股百大集团（6板）低开5.17%，商业航天概念股顺灏股份（15天8板）高开3.71%、西部材料 （10天5板）高开2.07%，实控人变更的胜通能源（5板）竞价涨停、皮阿诺（4板）高开1.43%，大消费 板块南京商旅（9天5板）竞价涨停、利群股份（3板）低开5.63%，医药股重药控股（7天4板）低开 2.04%、美年健康（2板）高开4 ...

来源：科技日报 科技日报记者 管晶晶 12月16日，以"攻坚6G前沿技术 共拓产业融合新局"为主题的第四届6G前沿技术与趋势论坛在京召开， 深度研讨"6G产业发展趋势""6G通感算智融合技术"等技术方向和发展路径。 北京市科委、中关村管委会信息科技处处长韩健表示，北京作为原始创新的策源地，在AI、通信、芯 片等领域优势突出，是探索"6G+AI"融合创新发展的首选之地。为进一步实现6G与AI双向赋能，他建 议，一要扎实攻关核心技术，勇闯"无人区"；二要聚力打造开放试验网络，激活"新场景"；三要携手开 展跨域应用创新，构建"新生态"。 中国移动科学技术委员会副主任、GTI主席高同庆在致辞中表示，信息通信行业亟须凝聚全球共识，加 强国际合作，破解发展瓶颈。为推动6G产业高质量发展，构建全球协同发展新格局，他建议一是强化 需求牵引。聚焦智慧制造、智慧能源等重点领域，深度挖掘场景应用需求，以应用创新引领技术研发与 产业布局。二是推动技术共研。共建共享协同创新环境与装置设施，汇聚全球产业资源，深化产学研协 同攻关，突破6G核心技术瓶颈。三是促进标准统一。推动全球产业各方凝聚共识，加快6G技术标准制 定与落地，构建统一规范 ...

Core Viewpoint - The A-share market is experiencing fluctuations, with active performance in the satellite and commercial aerospace sectors, highlighted by significant gains in satellite-themed ETFs [1] Group 1: Market Performance - Multiple satellite-themed ETFs from various fund companies, including Yongying Fund and China Merchants Fund, have surged over 3% on December 18, with cumulative gains exceeding 20% over the past four weeks [1] - The Yongying National Commercial Satellite Communication Industry ETF has surpassed a scale of 3 billion, while other satellite-themed ETFs remain below 1 billion [2] Group 2: Policy and Industry Trends - The commercial aerospace sector is witnessing a surge, driven by favorable policies such as the "14th Five-Year Plan" which emphasizes the development of strategic emerging industries including aerospace [3] - The establishment of the Commercial Aerospace Department by the National Space Administration and the issuance of guidelines to promote satellite communication industry development signal a strategic opportunity for the satellite industry [3] Group 3: Technological Advancements - Recent successful launches of low-orbit satellites by China Star Network and the resumption of the "Thousand Sails Constellation" plan indicate a normalization in satellite internet launches, with significantly reduced intervals between launches [4] - The successful test flight of the large liquid rocket by private company Blue Arrow Aerospace addresses the long-standing issue of insufficient launch capacity, potentially accelerating the progress of low-orbit satellite communication [4] - Future developments in commercial aerospace and 6G are expected to be key focus areas during the "14th Five-Year Plan," with applications such as rocket reusability and satellite direct connection anticipated to boost market sentiment [4]

【导读】A股主要指数走势分化，创业板指半日跌1.81%；SPD、商业航天方向走强，ST板块遭"爆炒" 大家好！来一起关注上午的市场行情和最新资讯～ 12月18日上午，A股市场走势有所分化。截至午间收盘，上证指数涨0.16%，深证成指跌0.85%，创业板指跌1.81%。 全市场半日成交额为1.06万亿元，较昨日略有放量，超3600只个股上涨。 | 序号 代码 | | 名称 | 现价 | 涨跌 | 涨跌幅 ▼ | | --- | --- | --- | --- | --- | --- | | 1 | 301408 | 华人健康 | 21.84 | 3.64 | 20.00% | | വ | 301017 | 漱玉平民 | 16.71 | 1.68 | 11.18% | | ന | 002044 | 美年健康 | 6.02 | | 0.55 10.05% | | ব | 000411 | 英特集团 | 13.18 | | 1.20 10.02% | | 5 | 603716 | 塞力医疗 | 21.90 | 1.99 | 9.99% | | ଚ | 002788 | 鹭燕医药 | 13.90 | 1.26 | 9. ...

注：数据来源：中证指数公司，wind，截至2025/12/17，通信ETF规模为127.45亿元，在同类15只产品 中排名第一。权重占比截至2025/12/15。指数成分股可能随指数编制规则发生变动，不构成任何投资建 议或个股推荐。如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参 考，不预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅 供参考，不构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与 风险等级相匹配的产品。基金有风险，投资需谨慎。 东吴证券指出，2026年通信行业将迎来技术升级与政策驱动的双重机遇。国产算力已实现从"可 用"到"好用"的跨越，成为大模型训练与推理的可靠底座，在政策补贴与生态成熟推动下进入全面替代 加速期。此外，量子通信、6G等前沿技术被纳入未来产业布局，政策加码与中美博弈背景下，相关技 术攻关和商业化进程有望提速。 通信ETF（515880）规模同类第一，截至12月15日，通信ETF光模块含量占比超过48%，服务器含量超 过20%，叠加光纤、铜连接等成分，核心环节成分占比超过76%，代表了 ...

Core Insights - The technology sector has undergone significant changes in 2025, with AI, chips, and new energy themes driving market trends [1][4] - The upcoming investment strategy meeting by Great Wall Fund highlights the focus on AI hardware as a key growth area supported by favorable liquidity and economic conditions [1][4] Investment Opportunities - The AI sector is identified as a core investment theme for 2026, with expectations for high growth and significant product launches in AI applications, including software agents and hardware like AI glasses and humanoid robots [2][5] - The commercial space industry is also highlighted as a promising investment area, particularly following the recent successful launch of reusable rockets, which is seen as a major technological milestone [2][5] - The successful recovery of rockets is expected to lead to a rapid scaling of commercial space operations, potentially supporting thousands of satellite launches and creating a new trillion-dollar market [2][5]