格隆汇11月12日｜中科星图以约2.95亿元的投标报价，成功中标"汉中市低空经济数字化基础设施及配 套场景建设项目及投资、建设与运维（合伙人）"项目。项目涵盖低空飞行基础设施建设、航线开发、 飞行服务运维、搭建低空飞行服务平台与低空中台，建设低空通信、导航、监视、反制等基础设施及配 套设施。另外，11月14日，"2025深圳低空发展大会暨中科星图低空安全创新成果发布"将于深圳国际会 展中心举行，将发布中科星图低空安全产品矩阵，并举行湾区总部落地签约、战略签约仪式。 ...

Group 1 - The stock price of Aerospace Rainbow fell by 2.01% on November 12, reaching 21.46 CNY per share, with a trading volume of 1.11 billion CNY and a turnover rate of 0.52%, resulting in a total market capitalization of 21.136 billion CNY [1] - Year-to-date, Aerospace Rainbow's stock price has increased by 19.29%, but it has seen a decline of 0.88% over the last five trading days, 5.25% over the last 20 days, and 18.00% over the last 60 days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on September 3, where it recorded a net buy of -40.9472 million CNY, with total purchases of 108 million CNY, accounting for 7.20% of total trading volume [1] Group 2 - Aerospace Rainbow, established on November 30, 2001, and listed on April 13, 2010, is primarily engaged in the manufacturing and sales of unmanned aerial vehicles (UAVs) and related services, capacitor films, solar cell back materials, optical films, and lithium-ion battery separators [2] - The main revenue composition of Aerospace Rainbow includes UAVs and related products (37.59%), back materials and insulation materials (23.85%), optical films (20.64%), technical services (15.02%), and others (2.91%) [2] - As of October 31, the number of shareholders of Aerospace Rainbow was 122,100, a decrease of 0.15% from the previous period, with an average of 8,066 circulating shares per shareholder, an increase of 0.15% [2] Group 3 - As of September 30, 2025, the top ten circulating shareholders of Aerospace Rainbow include the Guotai Zhongzheng Military Industry ETF, which holds 6.7687 million shares, a decrease of 1.3034 million shares from the previous period [3] - Hong Kong Central Clearing Limited is the ninth largest circulating shareholder, holding 6.6883 million shares as a new shareholder [3] - The Southern Zhongzheng 1000 ETF ranks as the tenth largest circulating shareholder, holding 6.3635 million shares, a decrease of 55,900 shares from the previous period [3]

民间投资迎政策利好。 11月10日，国务院办公厅公布《关于进一步促进民间投资发展的若干措施》（以下简称《若干措 施》），在扩大市场准入、促进公平竞争、打通市场堵点、强化支持保障等方面提出13项针对性政策举 措，以进一步激发民间投资活力、促进民间投资发展，被称为"民间投资13条"。 "13项政策举措从扩大市场准入、促进公平竞争、促进数实融合、优化投资融资支持等多个维度， 进一步促进民间投资高质量发展，其颁布实施正逢其时。" 国家发展和改革委员会经济体制与管理研究 所副所长、研究员祁玉清表示。 扩大准入范围 《若干措施》进一步扩大了民间投资准入范围。具体来看，《若干措施》明确，对需报国家审批 （核准）的具有一定收益的铁路、核电等重点领域项目，鼓励支持民间资本参与，对具备条件的项目， 民间资本持股比例可在10%以上。对各地方规模较小、具有盈利空间的城市基础设施领域新建项目，鼓 励民间资本参与建设运营。 "这项政策对鼓励支持民间资本参与重点领域项目建设提出了明确要求，充分释放了促进民间投资 发展的信号。"在11月11日，国家发展改革委举行的专题新闻发布会上，国家发展改革委固定资产投资 司副司长关鹏介绍。 关鹏表示，相 ...

Core Insights - The article highlights the advancements in urban air mobility, particularly focusing on the development and deployment of flying cars, specifically electric vertical takeoff and landing (eVTOL) vehicles, in Wuhan, China [1][3][4]. Group 1: Company Developments - Xiaopeng Huitian has signed a record order for 600 flying cars with multiple Middle Eastern countries, marking the largest overseas order for flying cars from China [1]. - Hubei Diyan Technology has been actively testing its flying car, which has a length of approximately 5.6 meters, a payload capacity of 400 kilograms, and can accommodate four passengers [1][3]. - Wuhan Fengfei Aviation is constructing a major assembly base for eVTOLs, with plans to produce 200 units annually by 2027 [3][4]. Group 2: Industry Applications - The flying cars are expected to significantly reduce commuting times, making urban logistics and intercity travel more efficient [3]. - The flying cars can operate without the need for specialized landing sites, making them more flexible compared to traditional helicopters [1][3]. - Various low-altitude flight routes and tourism initiatives are being developed, such as the flight route from Dujiangyan to Qingcheng Mountain, which takes only 8 minutes [4]. Group 3: Policy and Infrastructure - Cities like Shenzhen and Guangzhou are implementing supportive policies for the low-altitude economy, including financial subsidies for flying car development [4]. - Wuhan has established over 220 low-altitude takeoff and landing points and has approved 33 low-altitude flight routes, aiming for a comprehensive low-altitude infrastructure by 2030 [4]. - The low-altitude economy in Wuhan is expected to grow by over 20% year-on-year, with more than 170 representative companies in the sector [4].

Company Insights - SoftBank liquidated its entire stake in NVIDIA, raising $5.83 billion, which has led to NVIDIA's market value dropping by approximately $143.13 billion (around 1,018.68 billion RMB) in a single night [2] - NVIDIA announced a shift in focus from AI infrastructure investment to AI applications [2] - AMD's CEO Lisa Su projected that the AI data center market will exceed $1 trillion by 2030, growing from approximately $200 billion this year, with a compound annual growth rate (CAGR) exceeding 40% [4] Industry Insights - The EU is considering a mandate for member states to remove Huawei and ZTE equipment from their telecom networks, prompting calls for a fair business environment for Chinese companies [3] - The upcoming 2025 World Power Battery Conference is expected to highlight advancements in battery technology and investment opportunities [5] - The 2025 6G Development Conference is anticipated to focus on technological iterations and policy benefits, with a spotlight on AI, quantum communication, and low-altitude economy [10] - The nuclear power sector is expected to maintain an upward trend in profitability despite potential price declines due to market trading and long-term contract price reductions [11]

Core Viewpoint - The State Council has issued an implementation opinion to accelerate the cultivation and large-scale application of new scenarios, which has become a significant focus in the technology, industry, and capital sectors [2][8]. Group 1: Definition and Importance of Scenarios - The term "scenario" is defined as a specific context for systematically verifying the industrial application of new technologies, products, and business models, serving as a bridge between technology and industry [3][4]. - Scenarios are crucial for enabling the development of new productive forces, as they transition innovation from traditional laboratory settings to real market environments [4]. Group 2: Challenges in Scenario Supply - Insufficient effective scenario supply has become a major obstacle to the transformation of new industries and models, with many technological breakthroughs lacking applicable scenarios [2][5]. - Three main reasons for the insufficient supply of scenarios include unclear revenue distribution mechanisms, local protectionism, and the need for policy coordination among departments [6][7]. Group 3: Strategies for Scenario Development - The implementation opinion emphasizes expanding the supply of production, work, and life scenarios, promoting fair and efficient allocation of scenario resources, and facilitating large-scale application of new scenarios [8][9]. - The National Development and Reform Commission plans to explore a market-oriented mechanism for scenario resource allocation and establish standards and rules for the application of new technologies and products [9].

Market Overview - The market experienced fluctuations with the three major indices opening high but closing lower, indicating a bearish trend [1][4][6] - The Shanghai Composite Index closed at 4002.76, down 0.39%, while the Shenzhen Component Index fell by 1.03% to 13289.01 [2] Sector Performance - The top-performing sectors included retail trade (1.43%), real estate (0.81%), and steel (0.62%), while the weakest sectors were telecommunications (-2.20%) and electronics (-1.74%) [3][4] - Concept sectors such as cultivated diamonds (6.08%) and perovskite batteries (2.98%) showed strong performance, whereas the China AI 50 index (-1.76%) lagged [3][4] Future Outlook - The market is expected to maintain a volatile adjustment phase, with a shift in focus from technology growth to cyclical value stocks [6] - The government is promoting private investment in low-altitude economy infrastructure and supporting the issuance of real estate investment trusts in the infrastructure sector [5] - The new energy vehicle market saw retail sales of 1.282 million units in October, reflecting a year-on-year growth of 7.3% [5]

Core Viewpoint - The recent measures issued by the State Council aim to promote private investment in key sectors, allowing private capital to hold more than 10% in nuclear power and other significant projects [2][8]. Group 1: Expansion of Access - Private capital participation in projects requiring national approval, such as railways and nuclear power, will be specially evaluated for feasibility, with the potential for ownership exceeding 10% [3]. - Local authorities will detail specific requirements for private capital involvement in project construction, encouraging participation in smaller urban infrastructure projects [3]. - The government will facilitate private capital's involvement in low-altitude economy infrastructure and streamline satellite communication business access for private investments [3]. Group 2: Service Industry and Procurement - The measures aim to eliminate unreasonable entry barriers in the service industry, promoting private capital in sectors like industrial design and digital transformation [4]. - Government procurement will increasingly support small and medium-sized enterprises (SMEs), reserving over 40% of budgets for projects suitable for SMEs [5]. Group 3: Addressing Bottlenecks - Enhanced regulation of network infrastructure operations will protect private enterprises' rights in energy and transportation sectors [6]. - The government encourages the establishment of major pilot platforms in key industries, supporting private enterprises in digital transformation [6]. Group 4: Strengthening Support - Increased central budget investments will support eligible private investment projects, utilizing new policy financial tools to bolster capital [7]. - Financial institutions are encouraged to set annual service goals for private enterprises, ensuring access to credit and promoting innovative financing solutions [7]. Group 5: Implementation and Compliance - Strict enforcement of bidding regulations will prevent unreasonable requirements for private enterprises, ensuring fair access to bidding opportunities [10]. - The government will enhance the application of digital technologies to improve compliance in bidding processes, correcting issues in over 31,000 projects [11].

Core Viewpoint - During the "14th Five-Year Plan" period, Zhejiang's transportation sector has achieved significant breakthroughs and overall advancements, providing strong support for economic and social development [1] Investment and Infrastructure Development - Zhejiang's transportation investment reached a historic high, exceeding 400 billion yuan last year, with a total expected investment of 1.8 trillion yuan during the "14th Five-Year Plan" [1] - The province's comprehensive transportation network, consisting of "six vertical and six horizontal" corridors, has been rapidly developed, achieving a 98% population coverage rate for the "one-hour transportation circle" across provincial, municipal, and urban areas [1] - By the end of 2024, the total road mileage in the province is expected to reach 121,000 kilometers, with 5,615 kilometers of expressways, ensuring expressway access to all counties [1] - In maritime transport, 31 new berths for vessels over 10,000 tons have been added, bringing the total to 296, while 1,781 kilometers of inland waterways have been developed [1] - The railway network will total 4,059 kilometers, including 2,191 kilometers of high-speed rail, and the number of airports will increase to 9, achieving full provincial air service coverage [1][2] Integrated Transport System - Zhejiang has focused on a comprehensive approach to transportation, integrating land, sea, and air, and emphasizing both hardware and software development [2] - The Ningbo-Zhoushan Port continues to lead globally in cargo and container throughput, ranking first and third respectively, with the international shipping center index reaching seventh globally [2] - The province's airports have surpassed 84 million annual passenger throughput and 1 million tons in annual cargo and mail throughput, with Hangzhou Xiaoshan Airport ranking among the top 50 airports worldwide [2] Innovation and Digital Transformation - Zhejiang aims to become a national hub for innovative transportation development, accelerating the establishment of a system for technological, application, and industrial innovation [2] - The province has built a digital transportation framework, aggregating over 300 billion data points, and has developed key applications such as "Zhejiang Transport Safety" and "Zhejiang Road Quality" [2] Regulatory and Safety Improvements - The province has strengthened the stability and healthy development of the transportation industry, enhancing governance capabilities [3] - New regulations have been introduced, including the "Zhejiang Province Railway Safety Management Regulations," and the standardization rate of grassroots law enforcement stations has reached 100% [3] - The province has implemented various reforms in transportation investment, bidding governance, and road network management, improving service models such as online and mobile services [3] - Safety measures have been reinforced, leading to a significant reduction in the number of fatal accidents in the industry [3]

商报讯(通讯员卢辉珈记者汪晓筠实习生王华姣)11月6日，杭州市知识产权保护中心(以下简称"杭州保护 中心")"知识产权向'新'行"系列活动首站走进北京航空航天大学杭州创新研究院。活动中，知识产权专 家与低空经济领域企业代表围绕知识产权如何助力高质量发展展开深入交流。现场，杭州保护中心发布 了《杭州市低空经济产业专利导航》成果，并邀请专家就《低空经济技术领域的专利挖掘与布局》进行 专题授课。北航杭研院两位技术专家分别带来《低空安全多传感器协同感知项目》和《空天地安全保密 通信项目》的前沿研究路演。活动还特别设置了"红色领航助企有为"杭州市知识产权保护中心党员专场 服务环节。 活动现场，"红色领航助企有为"党员专场服务受到企业代表欢迎。杭州保护中心党员先锋队的专家们提 供专利申请、维权援助等"一对一、面对面"咨询服务，累计解答企业疑问30余条，精准对接服务需求12 项。 据了解，"知识产权向'新'行"系列活动将持续深入杭州各产业园区、重点企业、特色街区和科创平台， 将优质高效的知识产权服务送达创新一线。为凝聚知识产权"协同护航"合力，杭州保护中心还启动 了"知愿者"公益讲师团公开招募，面向企业、高校、科研院所及知 ...