工业母机ETF（159667）跟踪的是中证机床指数（931866），该指数从机械设备行业中选取涉及机床整 机制造及关键零部件供应的上市公司证券作为指数样本，覆盖数控系统、轴承、主轴和刀具等多个细分 领域。成分股广泛服务于工业、电子、新能源与机器人等下游行业，旨在反映中国机床产业链上市公司 证券的整体表现。 （文章来源：每日经济新闻） 西部证券指出，商业航天运力已成为卫星互联网发展乃至商业航天发展的关键，考虑到星网的高频发 射，以及2025年四季度及2026年上半年有多款中大型商业火箭首飞的预期，商业航天拐点或将至。此 外，机械设备行业在无人环卫车、航空发动机及燃气轮机、3D打印等领域应用拓圈，市场空间广阔。 ...

Core Viewpoint - ZTE Corporation's stock price has shown fluctuations with a year-to-date increase of 14.12%, while experiencing a recent decline over the past 20 days [1][2]. Financial Performance - For the first half of 2025, ZTE reported revenue of 71.55 billion yuan, marking a year-on-year growth of 14.51%, but the net profit attributable to shareholders decreased by 11.77% to 5.06 billion yuan [2]. - Cumulatively, ZTE has distributed 17.14 billion yuan in dividends since its A-share listing, with 8.11 billion yuan distributed over the last three years [3]. Shareholder Information - As of September 19, ZTE had 446,800 shareholders, an increase of 3.59% from the previous period, with an average of 9,019 circulating shares per shareholder, down by 3.47% [2]. - Major shareholders include Hong Kong Central Clearing Limited, which holds 88.22 million shares, and several ETFs such as Huatai-PB CSI 300 ETF and E Fund CSI 300 ETF, all showing increases in holdings [3]. Market Activity - On September 29, ZTE's stock price reached 45.40 yuan per share, with a trading volume of 4.05 billion yuan and a turnover rate of 2.27% [1]. - The stock has been active on the market, appearing on the "Dragon and Tiger List" twice this year, with the latest occurrence on August 22 [1]. Business Segments - ZTE's main business revenue breakdown includes 49% from carrier networks, 26.91% from government and enterprise services, and 24.09% from consumer business [1]. - The company operates in the communication equipment sector, focusing on core networks, 6G concepts, operating systems, SOC chips, and satellite internet [1].

Company Overview - Shuo Bei De Wireless Technology Co., Ltd. is located in Huizhou, Guangdong Province, and was established on February 17, 2004. The company was listed on June 8, 2012. Its main business involves the research, development, production, and sales of wireless communication terminal antennas [1][2]. Financial Performance - For the first half of 2025, Shuo Bei De achieved operating revenue of 1.208 billion yuan, representing a year-on-year growth of 48.50%. The net profit attributable to the parent company was 33.53 million yuan, showing a significant increase of 981.11% [2]. - Since its A-share listing, the company has distributed a total of 116 million yuan in dividends, with no dividends paid in the last three years [3]. Stock Performance - As of September 29, the stock price of Shuo Bei De increased by 2.01% to 23.30 yuan per share, with a total market capitalization of 10.719 billion yuan. The stock has risen by 77.73% year-to-date, but has seen a decline of 7.10% over the last five trading days and 13.06% over the last 20 days [1]. - The company has appeared on the "Dragon and Tiger List" four times this year, with the most recent appearance on August 7, where it recorded a net purchase of 533 million yuan [1]. Shareholder Information - As of June 30, 2025, the number of shareholders of Shuo Bei De was 58,900, an increase of 1.37% from the previous period. The average number of circulating shares per person was 7,485, a decrease of 2.45% [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 11.4313 million shares, which is an increase of 9.1216 million shares compared to the previous period [3]. Industry Classification - Shuo Bei De is classified under the electronic industry, specifically in the consumer electronics sector, focusing on consumer electronic components and assembly. The company is involved in various concept sectors, including NFC, mobile payments, Beidou navigation, drones, and satellite internet [2].

Core Viewpoint - China's satellite internet construction is accelerating significantly, with recent successful launches of satellite internet technologies indicating a robust growth trajectory in the industry [1] Industry Summary - The first generation of "satellite internet firewall" payload developed by Beijing University of Posts and Telecommunications was successfully launched on September 5, followed by the successful launch of a satellite internet technology experimental satellite on September 16 [1] - Industry institutions estimate that by 2030, the market size for China's satellite internet manufacturing, ground equipment, and service sectors could reach hundreds of billions of yuan [1] - Various listed companies across the industry chain are actively positioning themselves to capitalize on the emerging opportunities presented by the satellite internet market [1] Challenges Summary - Despite the promising outlook for the satellite internet industry, it currently faces multiple challenges, including technological, standardization, regulatory, and ecological issues [1] - Collaboration among upstream and downstream enterprises in the industry chain, as well as relevant regulatory authorities, is essential to address these challenges effectively [1]

9月24日傍晚时分，山东日照，运载火箭底部喷薄而出的橘红色火焰瞬间照亮了海面，远处海滩上的观众纷纷按下快门。火箭缓缓上升，随后加速冲向太 空，将12颗低轨卫星送入距离地面600公里的LEO轨道。 这是我国卫星产业尤其是低轨星座加速发展的缩影。但是，新的烦恼、新的挑战也不可避免地到来。一方面是商业困境，在本周举行的2025中国无线电 大会上，业内专家称"今天的卫星通信还没有走出1G时代'大哥大'的困局"，没有形成规模经济，建议全力发展5G/6G NTN（非地面网络），积极探索星地 网络的协同组网和运营。 另一方面，大型低轨星座发展带来的太空交通和频轨资源管理挑战日益严峻，轨道运行安全与空间避碰问题已无法回避，但目前仍缺乏太空交通的管理 规则，而且国内外对于卫星态势感知平台数据的共享仍不畅通。 从供给侧来看，火箭发射、集成电路、卫星制造和通信技术的进步，加速推动卫星产业快速发展。比如在卫星制造方面，卫星小型化、模块化、组件化 已成为可能，进一步降低了成本，缩短了研制周期。从通信技术来看，调制与编码技术、多天线波束赋形技术能力快速发展，而且基于毫米波、太赫 兹、激光通信等星际链路技术也逐步成熟。 从需求侧来看，地震 ...

近日，工业和信息化部印发《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》），明确到2030年，卫星通信管理制度及政策法规进一步完善，各类经营主体创新活力充分迸 发，基础设施、产业供给、技术标准、国际合作等综合发展水平显著提升，手机直连卫星等新模式新业 态规模应用，发展卫星通信用户超千万，推动卫星通信充分融入新发展格局，有力服务经济社会高质量 发展。 《指导意见》发布不久，工信部向中国联合网络通信集团有限公司（以下简称"中国联通"）颁发了卫星 移动通信业务经营许可证。这是工信部按照《指导意见》及时优化卫星通信市场准入，促进我国卫星通 信产业高质量发展的举措之一。 目前，我国华为Mate60系列、小米15 Ultra等多款机型已支持直连卫星功能。今年夏季北京暴雨"断 联"期间，？中国移动通信集团有限公司（以下简称"中国移动"）为用户提供免费北斗短信服务，无信 号时仍可发送定位求助信息。此前，中国电信集团有限公司已获得卫星移动通信业务牌照，并于2023年 9月首发手机直连卫星服务。 据悉，中国联通近日获得卫星移动通信业务经营许可后，可依法开展手机直连卫星等业务，深化应急通 信、海事通信、偏 ...

1 工信部副部长熊继军：将优化新能源汽车购置税、车船税等优惠措施 9月27日下午，2025世界新能源汽车大会主论坛——"NEV50@2025：多元路径与协同发展"在海口举办，工业和信息化部副部长熊继军表示，将进一步扩大 市场消费，实施新一轮汽车行业稳增长工作方案，优化新能源汽车车辆购置税、车船税等优惠措施；将进一步完善管理体系，建立健全组合辅助驾驶、自动 驾驶汽车的准入管理制度。同时，多措并举规范行业竞争趋势，维护公平有序的市场运行。（上证报） 2 我国成功发射卫星互联网低轨11组卫星 9月27日20时40分，我国在太原卫星发射中心使用长征六号改运载火箭，成功将卫星互联网低轨11组卫星发射升空，卫星顺利进入预定轨道，发射任务获得 圆满成功。这次任务是长征系列运载火箭的第597次飞行。（新华社） 3外交部发言人就俞孔坚教授在巴西坠机遇难答记者问 9月27日，外交部发言人就俞孔坚教授在巴西坠机遇难答记者问。问：俞孔坚教授日前在巴西不幸坠机遇难，请外交部介绍最新处置情况。答：中国政府始 终高度重视中国公民在海外的安危。外交部会同巴西方面共同做好事件善后。我们对俞孔坚教授及巴方人员不幸遇难再次表示哀悼。外交部将指导驻 ...

证券日报网讯电科网安（002268）9月26日在互动平台回答投资者提问时表示，公司上半年营业收入同 比下降主要受下游客户需求恢复释放较慢的影响。公司持续加大密码等核心领域研发投入，坚定布局密 码、网络安全和数据安全三大板块，加速发展商用密码、安全保密、安全服务、安全应用、数据安全、 安全芯片重点业务，积极培育车联网、卫星互联网等新业务，加快低空经济、人工智能等领域网络安全 业务的论证与布局。 ...

Group 1 - Aerospace ETF Tianhong (159241) increased by 1.57% as of September 26, 2025, with a turnover rate of 10.74% and a transaction volume of 51.6888 million yuan, indicating active market trading [2] - The Aerospace ETF Tianhong (159241) has seen a weekly increase of 1.69%, ranking first among comparable funds, with a scale growth of 35.8773 million yuan and an increase of 30 million shares in the past week [2] - In the last five trading days, the Aerospace ETF Tianhong (159241) attracted a total inflow of 32.8472 million yuan [2] Group 2 - The Fourth China Changchun Airshow showcased significant aircraft models, reflecting China's growing confidence and technological strength in the aerospace sector, with the exhibition scale doubling compared to previous years [3] - The Shenzhou 20 astronaut crew successfully completed their fourth extravehicular mission, contributing to the construction of the Chinese space station [5] Group 3 - Galaxy Securities highlighted the potential in military trade and new quality fields, anticipating positive procurement expectations for the "15th Five-Year Plan," with orders expected to start in Q4 2025 [5] - The military industry is expected to see a surge in demand for new main battle equipment and new quality combat capabilities, driven by the centenary of the military in 2027 [5] - The military trade sector is entering a "Deepseek" phase, with a rapid increase in global market share, leading to a simultaneous rise in both quantity and price of equipment [5]

通宇通讯Macro WiFi产品批量出海，行业出海品类再拓展 智通财经APP获悉，中国银河证券发布研报称，通宇通讯(002792.SZ)同澳大利亚客户正式签署Macro WiFi产品批量采购协议，订单数量1000副。该行认为此次通宇通讯Macro WiFi产品的出海，扩充了卫星 互联网行业的出海品类，实现从"技术创新"到"海外输出"的进化，高可靠性+成本可控的技术及产业链 优势逐步明晰。全球化是巨型低轨卫星星座的重要特征，我国卫星互联网产业链构建较为完善，且全球 化布局能力较强。该行预计随着我国卫星互联网组网完整度的进一步加强，全球化市场将在当前基础上 实现较快增长，我国卫星互联网产业链相关厂商具备较大发展潜力。 Macro WiFi是通宇通讯专为偏远地区设计的远距离无线通信解决方案，适用于农场、山区和矿区等无网 络覆盖环境。产品采用高增益双波束天线阵列和内置带外滤波器，能有效减少信号干扰，具备2公里超 远距离传输和200个以上用户同时接入能力，并支持接入卫星网络，如StarLink网络等。该订单是Macro WiFi产品在海外实现规模化商用的重要范例，不仅验证了该产品在海外市场的竞争力和商用可行性， 也为该 ...