2024年，北斗系统在多个领域实现了深度应用与创新突破，其高精度定位、短报文通信、时空信息服务等核心能力持续赋能千行百业。北斗跨界融合不 断深化，与5G、AI、物联网技术结合，催生无人农场、数字工地等新业态。 5月18日，中国卫星导航定位协会在京发布《2025中国卫星导航与位置服务产业发展白皮书》。白皮书显示，2024年我国卫星导航与位置服务产业总体 产值达到5758亿元，同比增长7．39％。随着北斗规模应用的市场化、产业化和国际化进程不断推进，产业发展呈现稳步回升态势。 2024年，各行业数字化转型和智能化升级使得对卫星导航设备及时空数据的需求持续释放，为北斗时空信息应用与服务市场发展持续注入新活力。同 时，国家和地方政府连续出台多项政策，推动北斗在行业领域和大众消费领域的深化应用，使市场活跃度不断增强。 北斗规模应用与产业化发展不断取得新突破 白皮书显示，北斗系统自提供服务以来，已在交通运输、气象预报、通信授时、电力调度、减灾救灾、公共安全等领域得到广泛应用，融入国家核心基 础设施，产生了显著的经济效益和社会效益。 在农业领域，北斗应用向着智能化和精准化升级，已从单一导航向全产业链智能化延伸，显著提升了农 ...

Group 1 - Foxconn announced a €250 million investment in Europe, focusing on semiconductor advanced packaging and satellite manufacturing [1] - The investment includes a joint venture with Thales SA and Radiall SA in France for OSAT, marking the establishment of Europe's first FOWLP advanced packaging testing facility [1] - The initial sales will target the European market, serving industries such as automotive, space technology, 6G mobile communication, and defense [1] Group 2 - The collaboration with Thales aims to develop high-quality, high-value satellite mass production capabilities, supporting future large-scale satellite constellation projects [2] - Foxconn has demonstrated its commitment to the satellite communication industry through partnerships and the development of various satellite-related technologies [2] - The company envisions low Earth orbit satellites becoming a crucial component of 5G or 6G communication in the next 10 to 15 years, with plans to standardize and industrialize production processes [2]

经济观察报记者 郑晨烨 2025年的中国商业航天，开始加速向前奔跑，其中一个值得关注的信号就是，2025年民营航天企业开始越来越多地承担起以往由"国家队"主导的系统级工 程。 5月19日，经济观察报记者从北京微纳星空科技有限公司（下称"微纳星空"）获悉，该公司已正式确认中标"环天卫星星座建设"项目，中标金额高达8.04亿 元人民币。 对于一家成立于2017年的民营商业航天企业而言，这一体量的订单意义不言而喻。 无独有偶，同样在5月19日，星河动力航天公司在山东附近海域圆满完成谷神星一号海射型发射任务，顺利将"天启星座"一期第34—37星共 4 颗卫星搭载送 入高度 850km、倾角 45°的近地轨道；在此前的5月14日，成都的国星宇航科技有限公司（下称"国星宇航"）也成功发射了号称"全球首个"的太空计算星座。 5月18日，全国公共资源交易平台（四川省）公示，微纳星空公司中标"环天卫星星座建设"项目，该星座此前已获国家发展改革委核准，项目中标标的额为 8.04亿元。 记者从微纳星空处了解到，该公司此次中标的"环天卫星星座"项目，旨在为四川眉山地区提供空天数据来源、加强多类型遥感数据获取能力，扩充卫星应用 场景。 ...

Core Viewpoint - The successful overseas deployment of the Tiantong satellite by China Telecom marks a significant milestone for China's commercial aerospace industry, showcasing the country's capabilities in satellite communication technology and its potential for international expansion [1][3]. Group 1: Company Developments - China Telecom's satellite company has signed a cooperation agreement with ETL in Laos, enabling the Tiantong satellite's mobile direct connection service to operate in the country for the first time [1][2]. - The Tiantong satellite will primarily serve remote areas in Laos, enhancing communication for industries such as mining and agriculture, and providing emergency communication during disasters [2][3]. - The satellite network is expected to bridge the digital divide in Laos, where ground network coverage is limited, with approximately 95% of villages and 70% of the population covered [2][3]. Group 2: Industry Trends - The successful internationalization of the Tiantong satellite is seen as a precursor to further global operations of China's low-orbit satellite constellation, with expectations for accelerated commercial deployment as reusable rocket technology matures [1][5]. - Other Chinese commercial aerospace companies are also pursuing international collaborations, with agreements signed in countries like Thailand and Malaysia to enhance satellite communication capabilities [5][6]. - The commercial aerospace industry is anticipated to experience significant economic benefits as the marginal costs of satellite internet deployment decrease, promoting the growth of China's aerospace sector on a global scale [6].

电子 | 证券研究报告 — 调整盈利预测 2025 年 5 月 19 日 688183.SH 买入 原评级：买入 市场价格:人民币 30.03 板块评级:强于大市 股价表现 (%) 今年 至今 1 个月 3 个月 12 个月 绝对 (18.0) 21.9 (17.7) 191.0 相对上证综指 (21.6) 18.4 (18.7) 182.6 (13%) 41% 95% 149% 203% 257% May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 生益电子 上证综指 | 发行股数 (百万) | 831.82 | | --- | --- | | 流通股 (百万) | 831.82 | | 总市值 (人民币 百万) | 24,979.59 | | 3 个月日均交易额 (人民币 百万) | 473.56 | | 主要股东(%) | | | 广东生益科技股份有限公司 | 62.93 | 资料来源：公司公告， Wind ，中银证券 以 2025 年 5 月 15 日收市价为标准 相关研究报告 《生益电 ...

导读： 近日，空天信息大学发布多批政府采购意向，仪器信息网特对其中的仪器设备品目进行梳理，统计出5项仪器设备采购意向， 预算总额达2.55亿元。 特别提示 微信公众号机制调整，请点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 近日，空天信息大学发布5项仪器设备采购意向，预算总额达2.55亿元，涉及应力测试仪、非接触式白光干涉仪、圆片 测厚仪、椭偏仪、场发射扫描电镜、台阶仪、显微镜等，预计采购时间为2025年5~6月。 空天信息大学 202 5 年 5~6 月 仪器设备采购 意向汇总表 | | | 预算 | 采 | | --- | --- | --- | --- | | 采购 | 需求概况 | 金额 | 购 | | 项目 | | / 万 | 时 | | | | 元 | 间 | | 卫星 | | | | | 导航 | 本项目用于空天信息大学（筹）卫星导航仿真与增强实验室仪器设 | | | | 仿真 | | | | | | 备建设采购项目等。 1.采购标的的名称：空天信息大学（筹）卫 | | | | 与增 | | | 202 | | | 星导航仿真与增强实验室仪器终端采 ...

2025年5月17日12时12分，一束耀眼的火焰划破长空，蓝箭航天自主研发的朱雀二号改进型遥二运载火 箭在东风商业航天创新试验区成功点火升空，将搭载的六颗商业卫星精准送入预定轨道。此次"一箭六 星"的壮举，不仅标志着液氧甲烷火箭领域的技术攻关和商业化运营能力达到新高度，成为蓝箭航天的 重要里程碑，也彰显了中国商业航天蓬勃发展、迈向成熟的态势。 对此，恒友汇宏观经济研究室指出，朱雀二号运载火箭第五次飞行的圆满成功，绝非孤立的技术突破。 其背后是中国商业航天产业在政策扶持、市场驱动与技术创新等多重因素的同频共振下，所展现出的加 速崛起的必然之势。这一里程碑式的成功，也清晰预示着中国商业航天正满怀信心地迈向一个潜力无限 的黄金时代。 星河璀璨 政策+市场筑商业航天黄金时代 逐梦九天，非一日之功。中国商业航天的迅猛崛起，得益于国家战略的前瞻布局与市场力量的蓬勃兴 起，两者相辅相成，共同推动其发展。这片曾由"国家队"主导的蓝海，也因民营力量的涌入而焕发出新 的生机与活力。 我国高度重视商业航天产业的发展，将其视为推动经济高质量发展、建设科技强国的重要抓手。2014年 国务院发布《关于创新重点领域投融资机制鼓励社会投资的 ...

Group 1 - The military industry sector is experiencing significant growth, with the military leader ETF (512710) rising over 1% and key stocks such as Haige Communication (002465) hitting the daily limit, while other major companies also saw increases of over 2% [2][3] - The recent success of China's export fighter jet, the J-10CE, in combat has garnered global attention, enhancing the demand for military products amid the ongoing India-Pakistan conflict [2] - Analysts from Zhonghang Securities indicate that the India-Pakistan conflict has stimulated short-term interest in the military sector, with a focus on new areas such as unmanned equipment and satellite internet [2] Group 2 - The New Economy ETF (159822) led the market with a rise of 2.87%, while the S&P Consumer ETF (159529) and Real Estate ETF (515060) also showed positive performance [1][2] - Conversely, the Low Volatility Dividend ETF (560520) experienced the largest decline at 3.14%, followed by the Hong Kong Auto ETF (520600) and Engineering Machinery ETF (159542) with declines of 1.96% and 1.88% respectively [3][4]

Core Insights - The "2025 China Satellite Navigation and Location Service Industry Development White Paper" indicates that by 2024, the overall output value of China's satellite navigation and location service industry will reach 575.8 billion yuan, representing a year-on-year growth of 7.39% [1] - China continues to lead globally in satellite navigation patent applications, with a cumulative total surpassing 129,000, reflecting a year-on-year increase of 4.8% [4] Industry Growth - The satellite navigation and location service industry in China is experiencing stable growth, driven by the accelerated promotion of Beidou's priority application and domestic product substitution [4] - In 2024, the total sales of satellite navigation positioning terminal products in China exceeded 410 million units, with smart phones accounting for 294 million units [7] Application and Innovation - The Beidou system has achieved significant breakthroughs in various fields, including transportation, electricity, and consumer goods, enhancing high-precision location service capabilities [10] - By the end of 2024, approximately 13.5 million Beidou terminal devices have been promoted in transportation sectors such as road operation vehicles and rail transit [10] International Expansion - The Beidou system has been integrated into the standard systems of 11 international organizations, recognized as a core supplier of global satellite navigation systems by the United Nations [12] - Over 30 African countries, including Nigeria and Tunisia, have established Beidou CORS stations, indicating the system's expanding international presence [12]

Core Insights - The total output value of China's satellite navigation and positioning service industry is projected to reach 575.8 billion RMB in 2024, reflecting a year-on-year growth of 7.39% [1] - The number of satellite navigation patent applications has surpassed 129,000, maintaining a global leadership position [1] Industry Application - The Beidou system is increasingly applied in both industrial sectors and consumer markets, enhancing its positioning capabilities [4] - In 2024, the total sales of domestic satellite navigation positioning terminal products are expected to exceed 410 million units, with smart phones accounting for 294 million units [7] - Various positioning terminal devices, including IoT, wearable, vehicle-mounted, and high-precision devices, are projected to exceed 120 million units in sales [7] Service Capacity Enhancement - Major electronic map service providers are delivering over 1 trillion location services daily, with navigation services covering more than 4 billion kilometers [9] - The Beidou system has achieved nationwide coverage for high-precision lane-level navigation in urban and rural areas [9][11] Sector-Specific Innovations - In the transportation sector, approximately 13.5 million Beidou terminal devices have been promoted for use in vehicles, postal services, and rail transit by the end of 2024 [12] - The efficiency of automated operations in ports has improved by 25% due to the installation of Beidou navigation devices on unmanned vehicles [12] - The power industry is promoting over 500,000 application terminals for various intelligent devices, significantly enhancing the efficiency of power line hazard inspections [14] International Expansion - The Beidou system is recognized as a core supplier of global satellite navigation systems by the United Nations and has entered the standard systems of 11 international organizations [14] - More than 30 African countries, including Nigeria, Tunisia, and Senegal, have established Beidou CORS stations [16] - The low-altitude economy in China has exceeded 500 billion RMB and is expected to reach 2 trillion RMB by 2030, with plans for further integration of Beidou with 5G and AI technologies [16]