Core Viewpoint - The overall market trend is focused on growth, with an emphasis on domestic demand and domestic substitution as key investment dimensions [1]. Group 1: Market Performance - As of May 27, 2025, the CSI 500 Quality Growth Index (930939) decreased by 0.55%, with component stocks showing mixed performance [1]. - Among the top gainers, Debon Securities (603056) rose by 8.37%, while the biggest decliner, Jincheng Mining (603979), fell by 4.08% [1]. - The CSI 500 Quality Growth ETF (560500) also saw a decline of 0.32%, with the latest price at 0.93 yuan [1]. - The ETF experienced a significant increase in shares, growing by 3 million shares over the past week, ranking it in the top third among comparable funds [1]. Group 2: Index Composition - The CSI 500 Quality Growth Index is composed of 100 listed companies selected from the CSI 500 Index, focusing on those with high profitability, sustainable earnings, and strong cash flow [2]. - As of April 30, 2025, the top ten weighted stocks in the index accounted for 24.07% of the total index weight, with Chifeng Gold (600988) being the largest at 3.13% [2][4].

以深圳证券交易所市场（以下简称"深市"）航空航天上市公司为缩影，一场由技术突破引发的产业变革 正加速上演——中航成飞股份有限公司（以下简称"中航成飞"）通过"百团大战"创新模式，打破研发壁 垒，实现歼-20、无人机等尖端装备的迭代突破；中航光电科技股份有限公司（以下简称"中航光电"） 深耕高端连接器领域，累计研发500多个系列、超35万种规格的连接产品，打破国外对航空航天连接器 市场多年的垄断；成都天奥电子股份有限公司（以下简称"天奥电子"）依托北斗三号星载原子钟和时频 全系列产品，构建起覆盖空天信息网络的"时间基准"，有力支撑我国卫星导航系统的高精度定位服 务……不难看出，深市航空航天企业正以硬核创新链动产业升级，在星辰征途中标注中国坐标。 从远古先民仰望星空编织神话，到万户飞天的悲壮尝试，再到如今商业航天的蓬勃崛起，人类对天空的 探索历经浪漫想象、勇敢尝试，最终迈向科技赋能的产业化新征程。在这个过程中，航空航天企业作为 技术破壁者与市场拓荒者，正以创新引擎驱动"太空经济"驶入发展快车道，让星辰大海的梦想照进现实 商业图景。 创新驱动破困局 事实上，作为高新技术产业，行业发展向来都是挑战重重。航空航天领域技 ...

北京商业航天保险共保体是由北京金融监管局联合北京市科学技术委员会等部门共同指导，北京地区17家财险机构、2家 再保险机构和1家保险中介机构共同组建的全国首个商业航天保险共保体组织，于3月31日正式发布。 5月26日，记者获悉，由共保体服务的首个项目成功发射。具体来看，2025年5月21日12时05分，中科宇航力箭一号遥七运 载火箭在东风商业航天创新试验区发射，采用"一箭六星"的方式，将泰景三号04星、泰景四号02A星、星睿十一号卫星、星迹 源一号卫星、立方108 001星、西光壹号02星顺利送入预定轨道，发射任务取得圆满成功。该批卫星主要用于城市规划、环境监 测、气象探测等领域。 据北京金融监管局披露，为保障本次发射任务顺利实施，共保体发挥保障有力、专业高效的服务优势，集合各成员承保能 力，为本次发射任务提供近亿元风险保障，以及从询价到承保出单的全流程服务，整体投保周期较以往缩短20%。 本报记者 冷翠华 见习记者 杨笑寒 5月26日，记者从北京金融监管局获悉，由北京地区20家保险机构组建的全国首个商业航天共保体——北京商业航天保险 共保体（以下简称"共保体"）首个服务项目——中科宇航力箭一号遥七运载火箭成功 ...

文 | 刘婧琼 编辑 | 阿至 封面来源 | 企业提供 36氪获悉，航空航天电动伺服系统研发与制造商深圳市鑫辉微电子有限公司（以下简称"鑫辉空天"）宣布完成数千万元Pre-A轮融资，本轮投资机构为小 苗朗程、同创伟业，所筹资金将用于加大研发投入、人员扩充以及加强实验室等基础设施建设，仁辰资本担任本轮独家财务顾问。 鑫辉空天成立于2014年，专注于航空航天领域的电动伺服系统研发、生产、销售与服务。创始人兼CEO曾买平毕业于武汉大学数学与统计学院，是深圳市 创新型中小企业领军人才，曾任重大型号运载火箭电动伺服系统项目设计师，具备10余年航天电子产品开发经验。团队核心技术成员均有15至30余年航 空、航天、军工核心系统软硬件研发与制造经验。 2015年，中国商业航天元年开启。次年，曾买平凭借丰富的图形和伺服算法经验，转型进入火箭电动伺服系统研发领域。经过6年的潜心研究和产品开发 投入，2022年3月，曾买平带领团队自主研发的电动伺服控制系统成功跟随国家某重大运载火箭型号升空，成为全球首家将大功率电动伺服控制系统技术 应用在运载火箭上的企业，比美国SpaceX早两年。 曾买平透露，鑫辉空天已与多个航天项目签约，成为其 ...

Group 1 - The Beijing Financial Regulatory Bureau announced the establishment of the first commercial aerospace co-insurance body in China, named Beijing Commercial Aerospace Insurance Co-Insurance Body, involving 20 insurance institutions [1] - The co-insurance body successfully supported its first project, the launch of the Kuaizhou-1A rocket, which deployed six satellites into orbit, aimed at urban planning, environmental monitoring, and meteorological detection [1] - The co-insurance body provided nearly 100 million yuan in risk coverage for the launch, with a 20% reduction in the overall insurance process time compared to previous practices, effectively meeting the insurance needs of enterprises [1] Group 2 - The Beijing Financial Regulatory Bureau plans to enhance the insurance service capabilities of the co-insurance body, improve products and mechanisms, and actively participate in the research and development process to support high-quality development [2] - The initiative aims to contribute to the construction of a strong aerospace nation and bolster the Beijing International Science and Technology Innovation Center [2]

央广网成都5月26日消息（记者 王颖 昌思荣 ）5月25日，第十三届中国西部投资说明会暨经济合作项目签约仪式 （以下简称西投会）在成都举行。作为第二十届中国西部国际博览会的重要活动之一，本次西投会以"深化改革 增动能·扩大开放促发展"为主题，由西部十二省（区、市）政府和新疆生产建设兵团共同主办。 此次西投会由主宾省青海省省长主持会议，内蒙古、广西、四川、贵州、西藏、甘肃、青海、新疆及新疆生产建 设兵团领导分别进行主题推介。充满活力的西部正日益成为中国经济增长的重要引擎与投资热土，西投会搭建起 西部合作、东西合作、中外合作的高能级开放平台，充分展示了中国西部的发展潜力、市场活力和投资引力，为 西部地区高质量发展注入新动能。 西投会成果丰硕，汇聚起西部发展新动能。西博会期间，西部各方与国内外投资者共签约投资合作项目416个， 投资金额3543亿元，其中35个代表性项目在西投会现场集中签约。四川省签约项目352个，投资金额3169亿元， 签约高科技制造业项目76个，投资金额近千亿元；人工智能、元宇宙、商业航天等新兴和未来产业项目38个，投 资金额超300亿元；签约来自东部省市的项目216个，近80%为制造业项目；航 ...

Group 1 - The 13th China Western Investment Promotion Conference and Economic Cooperation Project Signing Ceremony was held in Chengdu, attracting over 180 enterprises and institutions [1][5] - A total of 416 investment cooperation projects were signed during the conference, with an investment amount of 354.3 billion yuan, of which 352 projects from Sichuan accounted for 316.9 billion yuan [4][7] - The conference served as a high-level open platform for cooperation among western regions, eastern regions, and international investors, showcasing the development potential and market vitality of Western China [5][7] Group 2 - Among the signed projects, 76 were in high-tech manufacturing with an investment nearing 100 billion yuan, and 38 projects in emerging industries like artificial intelligence and commercial aerospace exceeded 30 billion yuan [7] - The signing included 216 projects from eastern provinces, with nearly 80% being manufacturing projects, indicating a strong focus on industrial transfer [7] - Sichuan province presented over 100 cooperative projects with an investment exceeding 55 billion yuan, including 96 projects in six key advantageous industries totaling over 500 billion yuan [7][8] Group 3 - Chengdu accounted for 44 signed projects with a total investment of 57.03 billion yuan, including a significant project for a cutting tool manufacturing base [8] - The cutting tool project aims to produce millions of high-end tools and is expected to create over 500 jobs, enhancing local manufacturing towards high-end and intelligent transformation [8] - The project is anticipated to inject an annual output value of over 1 billion yuan into the local economy [8] Group 4 - The company Zhongke Aerospace Technology Co., Ltd. plans to invest 1.5 billion yuan in a low-altitude economy and aerospace industrial park in Sichuan, with a focus on high-end aerospace electronic products [10] - The project aims to create more job opportunities and enhance the industrial ecosystem in the region, leveraging Sichuan's talent and policy advantages [10]

1. 【全球首艘载货量破4.5万吨超大型海洋工程船顺利交付】近日，全球首艘载货量突破4.5万吨的 超大型海洋工程船在福建连江粗芦岛顺利交付。 由福建船政重工股份有限公司(简称福建船政)旗下骨 干企业福建省马尾造船股份有限公司为荷兰皇家博斯卡利斯公司(BOSKALIS)承建的227米海洋工程 船"WINDPIPER"("风笛")号(MW301-1)顺利交付。据悉，这也是全球首艘载货量突破4.5万吨的超 大型海洋工程船。（新浪财经） 2. 【历时77天后，SpaceX星舰第九次试飞获批】历时77天后，美国联邦航空管理局（FAA）22日 晚宣布完成对SpaceX星舰第八次试飞（IFT-8）的安全审查，正式批准该公司开展星舰第九次轨道 级测试飞行。此次审批延期原因为联邦机构需完成对今年3月7日（当地时间3月6日）第八次试飞事 故的全面调查。FAA明确要求"SpaceX必须在第九次飞行中执行事故调查期间确定的所有纠正措 施。"根据最新监管文件，本次批准的航空危险区域（AHA）范围扩展至1600海里，较第八次试飞的 885海里大幅增加，覆盖区域从得州星舰基地向东延伸至佛罗里达海峡，包含巴哈马、特克斯和凯科 斯群岛。（ 科 ...

商业航天领域，尤其是民营火箭发射企业，大多处在商业化落地的 早期，尚未形成稳定收入，研发投入大，更难提盈利。同时，该细 分行业技术门槛高，技术路线复杂，风险特征各异。按照商业银行 传统授信逻辑，给予这类企业信用贷款挑战巨大。那么，民生银行 为何有魄力、有勇气提前五年布局？ 作者： 默川 封图：图片资料室 5 月 21 日，中科宇航力箭一号遥七运载火箭以"一箭六星"方式将六颗卫星顺利送入预定轨道，截 至目前，力箭一号入轨载荷总质量超过六吨，成为我国唯一一款能够连续发射吨级以上载荷的民商 火箭。 2 天前， 5 月 19 日，星河动力谷神星一号顺利将"天启星座"的 4 颗卫星送入高度 850 公 里的近地轨道，标志着"天启星座"一期全球组网全面完成，迎来开启万物互联时代的历史性时刻。 再 2 天前， 5 月 17 日，蓝箭航天自主研发的朱雀二号改进型遥二运载火箭完成了液氧甲烷火箭领 域"一箭六星"的壮举，标志着我国在该领域的技术攻关和商业化运营能力达到了新高度。 截至目前，我国已有六家商业火箭公司先后实现入轨级火箭发射，分别是星际荣耀、星河动力、天 兵科技、蓝箭航天、东方空间和中科宇航，堪称中国民营火箭公司的"六 ...

Group 1 - Aerospace Electronics disclosed two investment projects totaling 670 million yuan, with a focus on enhancing its subsidiaries' capabilities [1][2] - The first project involves the construction of an intelligent perception industrial base by Aerospace Long March Rocket Technology Co., Ltd., with a total investment of 250 million yuan and a construction period of 24 months [1][2] - The project will include a digital simulation computing network center and supporting facilities, covering an area of 16,800 square meters [1] Group 2 - Aerospace Long March Rocket Technology Co., Ltd. aims to optimize its resource distribution across multiple locations in Beijing to improve research and production efficiency [2] - The second project involves Aerospace Times Feihong Technology Co., Ltd. planning to invest 420 million yuan in the second phase of the Yanqing drone equipment industrial base [2][3] - The Yanqing drone equipment industrial base's first phase had a total investment of 832 million yuan, with 340 million yuan already invested as of April 2025 [3]