格隆汇1月7日｜有投资者在互动平台向翱捷科技提问：请问公司第二代5G基带芯片的进展及6G的研发 进度？翱捷科技回复称，公司第二代5G智能SoC芯片研发工作积极推进中。同时公司一直在关注和跟进 6G相关技术标准演进，关键技术的预研工作已经进行中。 ...

Core Viewpoint - Tongyu Communication (SZ002792) experienced a trading limit increase, reaching a price of 52.1 yuan, with a rise of 10.01%, and a total market capitalization of 27.326 billion yuan, driven by strategic transformations and significant overseas business expansion [1][2]. Group 1: Company Developments - The company is undergoing a strategic transformation, actively investing in emerging fields such as satellite communication and 6G, establishing a comprehensive product system covering satellite communication payloads, ground station terminals, and terminal applications [2]. - Tongyu Communication's overseas business has shown remarkable growth, with overseas revenue surpassing domestic for the first time, achieving breakthroughs in regions such as Belt and Road countries, the Middle East, and Southeast Asia, and deepening collaborations with international clients like Ericsson [2]. - The company holds over 700 patents and has accumulated technology in areas such as 5G-A, 6G research, and low-orbit satellite internet, enhancing its competitiveness in the telecommunications equipment sector [2]. Group 2: Market Context - The telecommunications equipment sector has recently attracted market attention, with multiple stocks in the sector showing active performance [2]. - Institutional buying was noted on January 5, although there was net selling on January 6, indicating that prior capital inflow may have contributed to the stock price surge on January 7 [2].

Group 1: Government Initiatives and Innovations - The government report highlights the launch of the world's first Beidou high-precision chip and the fastest magnetic levitation technology, showcasing advancements in various fields [1] - The report emphasizes the establishment of "Wan Zhao Pioneer" cities, aiming to enhance high-performance computing capacity by over 2500P, which is crucial for future industrial ecosystems [5] - The construction of facilities like the magnetic confinement deuterium-deuterium fusion neutron source is accelerated, representing a significant step towards sustainable energy solutions [8] Group 2: Smart Manufacturing and Industry Leadership - Two companies, Wuhan Changfei Optical Fiber and Cable Co., Ltd. and Wuhan BOE Optoelectronics Technology Co., Ltd., have been recognized as the first batch of national leading smart factories, marking Wuhan's leadership in intelligent manufacturing [4] - The concept of "root technology, root enterprises, and root industries" is introduced, focusing on fostering innovation and long-term growth within the local ecosystem [10] - The establishment of "Silicon Alleys" aims to create innovation clusters that facilitate the transformation of technological achievements into market applications, enhancing the local entrepreneurial environment [9] Group 3: Future Technologies and Research - The government report outlines a strategic focus on emerging industries such as embodied intelligence, future displays, 6G, synthetic biology, quantum technology, brain-machine interfaces, hydrogen energy, and nuclear fusion [3] - The emphasis on building a robust computing infrastructure is seen as essential for meeting the increasing demands of artificial intelligence across various sectors [7]

Group 1 - A total of 22 key projects have been signed and landed in Beijing Economic and Technological Development Area, with over 80% of the projects focusing on future industries [1] - Among the signed projects, Baichang Intelligent Automotive plans to establish a vehicle manufacturing company aimed at designing and developing mass-produced L4 autonomous driving vehicles for Robotaxi operations [1] - ZTE Corporation is focusing on AI and 6G, having completed the overall layout of five core technologies, two system solutions, and two production lines, establishing six companies in the economic zone [1] Group 2 - The economic zone is positioning itself as a city of artificial intelligence, with over 30% of the signed projects related to AI, including ZTE's digital star cloud project, which aims to achieve a satellite payload capacity of 30 units per month [1] - The 2026 Beijing Economic and Technological Development Area's ten benchmark projects cover various fields, including industrial upgrades, urban facilities, and ecological governance, such as Sanofi's biopharmaceutical raw material production base [2] - The base will enable local supply of key raw materials and establish a complete industrial chain for insulin formulations in China for the first time [2] Group 3 - Investment in urban facilities and ecological governance has significantly increased, with projects like the expansion of Tongren Hospital and ecological improvement initiatives [2] - The 2026 global opportunity list for Beijing Yizhuang includes the opening of 83 high-level innovation spaces covering biotechnology, health, robotics, and intelligent manufacturing, with a total area of approximately 5 million square meters [2] - The economic zone encourages the establishment of world-class life and health application bases, promoting organized industrial innovation, talent cultivation, and achievement transformation in the health sector [2]

Core Insights - The "15th Five-Year Plan" emphasizes the cultivation and expansion of emerging and future industries, aiming to create new pillar industries and strategically position future industries for growth [1] Group 1: Emerging Industries - During the "14th Five-Year Plan," China's emerging industries accelerated development, forming significant scale effects with several trillion-yuan market opportunities emerging by 2025 [2] - The commercial aerospace industry is on the verge of explosion, with advancements such as the successful launch of the Zhuque-3 rocket and accelerated deployment of satellite internet constellations [2] - The low-altitude economy is entering a commercial phase, marked by the issuance of operational certificates for manned civil unmanned aerial vehicles and the promotion of typical application scenarios by the Ministry of Transport [2] - New materials are crucial for breakthroughs in aerospace performance, with innovations in high-strength stainless steel and carbon fiber composites being utilized in key projects [2] Group 2: Energy Transition - China's energy transition has accelerated, establishing the world's largest power infrastructure and renewable energy systems, with plans to increase the share of renewable energy significantly by 2026 [3] - The "15th Five-Year Plan" aims to enhance emerging pillar industries, focusing on innovation in sectors like renewable energy, new materials, aerospace, and low-altitude economy [3] Group 3: Future Industries - Rapid advancements in future industries such as artificial intelligence, quantum information, and biomanufacturing have been noted, with significant breakthroughs achieved during the "14th Five-Year Plan" [4] - The development of 6G technology is prioritized, with expectations for commercial applications to begin around 2030, indicating a deep integration with AI [4][5] - Future industries are characterized by their potential to create new demands and economic forms, with quantum technology and nuclear fusion energy expected to play pivotal roles [6] Group 4: Market Opportunities and Challenges - Emerging industries are entering a rapid growth phase, with key scenarios being validated and replicable business models established, while future industries are still in the exploratory phase [7] - The uncertainty in future industries stems from both technological and commercial aspects, requiring significant R&D investment and policy support [8] - The collaboration between emerging and future industries is essential for driving new economic engines, with a focus on innovation and long-term value creation [9]

Core Insights - During the "14th Five-Year Plan" period, China has made significant strides towards high-level technological self-reliance, with emerging and future industries showing robust vitality and growth potential [1][3] Emerging Industry Development - The emerging industries in China have rapidly developed and formed scale effects, with multiple trillion-yuan markets accelerating formation [2] - By 2025, China's commercial aerospace industry is on the brink of explosion, with significant advancements in reusable launch vehicles and satellite internet applications [2] - The low-altitude economy is also gaining traction, with the issuance of operational certificates for manned civil unmanned aerial vehicles marking the entry into commercial use [2] New Energy Industry - China has established the world's largest power infrastructure and renewable energy system, creating the most complete new energy industry chain globally [3] - The "15th Five-Year Plan" emphasizes the development of emerging pillar industries, including new energy, new materials, aerospace, and low-altitude economy [3] Future Industry Breakthroughs - Significant progress has been made in future industries such as artificial intelligence, quantum information, and biomanufacturing, with key breakthroughs achieved [4] - The integration of 6G and AI is becoming a consensus in the industry, with clear development directions emerging [4] - The biomanufacturing industry has expanded steadily, reaching a total scale of 1.1 trillion yuan, becoming a new economic growth point [4] Dual-Engine Development - Emerging and future industries, while both part of the "long slope, thick snow" track, have different development stages, leading to varying market opportunity release rhythms [6] - Emerging industries are entering a rapid growth phase, with vertical segments expected to explode in the next 3 to 4 years, while future industries will focus on technology and application exploration in the early stages of the "15th Five-Year Plan" [6] Investment and Market Dynamics - The future industries face challenges related to technological and commercial uncertainties, with unclear business models and long investment return cycles [7] - The "15th Five-Year Plan" period is seen as a critical window for future industries, with policy support and technological breakthroughs expected to drive development [7] - Investors are advised to focus on companies' core technology reserves and their progress in validating business value through application scenarios [8]

Investment Rating - The report indicates a positive outlook for the coal mining, black metal mining, and pharmaceutical manufacturing sectors, suggesting potential investment opportunities in these areas [2][3]. Core Insights - The report highlights that the industrial sector is experiencing a recovery in both volume and price indicators, particularly in midstream manufacturing and upstream resource sectors such as coal, oil extraction, black metal mining, and pharmaceutical manufacturing [2][3]. - The manufacturing PMI for December 2025 has returned to the expansion zone at 50.1%, indicating improved order sentiment and operational expectations across various industries [7]. - Consumer confidence has rebounded to a two-year high, although certain sectors like automotive and home appliances are facing challenges due to high base effects and demand saturation [2][3]. Summary by Relevant Sections Industrial Sector Overview - As of November 2025, revenue, industrial added value, and profit growth rates for major industrial enterprises show signs of improvement, particularly in coal, oil extraction, black metal mining, and pharmaceutical manufacturing [2][5]. - The supply side indicates that industries such as pharmaceuticals, food and beverage, textiles, and chemicals are experiencing inventory reduction and low fixed asset growth [2][6]. Manufacturing and Economic Indicators - The overall manufacturing PMI has improved, with new orders and business activity expectations showing recovery, particularly in high-tech manufacturing and consumer goods sectors [7]. - The report notes that the consumer market is seeing a decline in growth rates for discretionary spending, while service consumption remains strong [2][3]. Sector-Specific Insights - In advanced manufacturing, sectors like photovoltaic and lithium battery materials are experiencing price increases due to high demand and supply chain adjustments [3]. - The insurance sector is seeing a slowdown in premium income growth, but there is an expectation for a rebound in early 2026 as companies prepare for new business initiatives [3]. Commodity and Price Trends - The report discusses fluctuations in energy prices, with crude oil supply exceeding demand and coal prices remaining low due to high inventory levels and weak heating demand [3][6]. - Industrial metal prices are on the rise, supported by a weaker dollar and increased demand in the context of global economic conditions [3][6].

（文章来源：证券日报） 证券日报网讯 1月6日，大名城在互动平台回答投资者提问时表示，截至目前，公司持有北京佰才邦技 术股份有限公司20.4522%的股份。佰才邦依托全链自主知识产权，自主研发DFE与射频芯片，推出免授 权频谱专网芯片方案，为海内外运营商客户、企业专网及垂直行业客户提供多应用场景互联的商业化解 决方案，并在低空经济与商业航天领域，布局6G及卫星互联网，产品涵盖低轨卫星通信、无人机基站 载荷、卫星地面设备及自研5GNTN卫星基带芯片等。 ...

来源：荔枝新闻 编辑：张云帆 转自：荔枝新闻 特约评论员/周军2026年是"十五五"开局之年，以什么样的姿态开局起步，决定着这一年我们将收获什 么样的事业。1月4日，新年第一个工作日，多地纷纷召开"新年第一会"，将一年来要重点完成的任务布 置下去，呈现出"马不停蹄"抓落实的实干姿态。上海召开新一年的优化营商环境大会，而在过去的8年 里，这个全市大会都在春节之后召开，今年首次"提前"召开；江苏省委常委会召开会议，总结学习贯彻 习近平总书记对江苏工作重要讲话精神进展情况，研究部署一季度经济工作；辽宁省也召开了全省优化 营商环境大会，明确将举全省之力优化营商环境，向营商环境顽瘴痼疾"亮剑"，以更大决心和力度铁腕 攻坚……新年开新局，各地不等不靠、起而行之，展现出"起跑就是冲刺，开局就是决战"的奋进姿态， 为跑好"十五五"开局之年的"第一棒"，注入了强劲动能。"新年第一会"，是第一棒，更是发令枪。起跑 的时刻能否保持状态，尤其重要。元旦假期后，各地迅速收心归位，把干部从各行各业集中起来，开 好"第一会"，大张旗鼓表彰先进，对有功人员进行嘉奖，传递出"重实干""以实绩论英雄"的导向，目的 就是要让每一领域都保持"在线" ...

来源：人民日报 创新的底气，有足够的底盘支撑。全球规模最大的研发人员队伍，这是深厚的人才土壤；数量最多的全 球百强科技创新集群，这是多年的科技沉淀。生物制造、量子科技、具身智能、6G……众多领域实现 从量变到质变、从跟跑到领跑的飞跃，为高水平科技自立自强持续注入"加速度"。 有厚积薄发的沉稳底气，更有生生不息的昂扬朝气。从民营企业专家当选院士，到各类经营主体化身创 新主体，科技创新和产业创新深度融合，为经济发展注入蓬勃朝气。放眼将来，建设北京（京津冀）、 上海（长三角）、粤港澳大湾区国际科技创新中心，如同嵌入3个发展"引擎"，为培育新质生产力夯实 基础、为推动高质量发展提供动能。 一个创新的中国，底气丰沛、朝气飞扬。 新，一个读懂今日中国的字眼。 科研纪录接连"刷新"、大国重器持续"上新"、传统产业不断"焕新"……社会之日新，源于奔涌之创新。 一组数字，标注着新时代创新创造的活力：2025年，我国在全球创新指数排名中首次跻身前十，是10多 年来创新力提升最快的经济体之一。 ...