近日， 国家级专精特新"小巨人"企业历正科技宣布完成C+轮融资，整体融资金额超3亿元人民币。 本轮 融资由达晨财智与恒旭资本联合领投，同创伟业、国科嘉和、中金资本、财鑫资本等机构跟投，原有C轮 投资方元璟资本继续追加投资，体现了资本市场对低空安防赛道及历正科技核心价值的认可。 当前，在国家政策驱动与各地加速布局的双重作用下，低空经济进入高速发展阶段。随着无人低空飞行器 应用的爆发式增长，黑飞、扰航、空域冲突等安全风险同步显现，低空安防成为保障产业健康有序发展的 重要前提，相关行业具备广阔市场空间。 历正科技成立于2018年，深耕低空安防领域，先后获评国家高新技术企业、北京市专精特新企业、北京市 瞪羚企业、北京市知识产权试点单位，并设立博士后科研工作站，构建了完善的资质与研发体系。2024 年，公司已完成数亿元规模的C轮融资，此次C+轮融资的落地，将为企业后续发展提供资金支持。 图源：历正科技 历正科技组建了由网络安全、信息防护及无线电通信领域资深专家构成的团队，现有员工近500人，研发 人员占比达40%，为技术创新提供人才支撑。产能布局方面，公司在北京总部设有5000余平方米的研发 与市场中心，在洛阳建有近4 ...

中国航空总人口超5亿 成全球第一航空人口大国 中新社北京1月6日电 (记者 刘文文)中国民用航空局局长宋志勇6日在北京表示，截至2025年，中国航空 总人口超5亿，成为全球第一航空人口大国。 宋志勇当日在2026年全国民航工作会议上表示，"十四五"时期，民航运输生产实现稳健恢复与高质量增 长。2025年运输总周转量、旅客运输量、货邮运输量达到疫情前126.9%、116.7%、135.1%，民航旅客 周转量在综合交通体系中占比39%，较2019年提高6个百分点。 "十四五"时期，民航固定资产投资再创新高。五年间累计完成固定资产投资6300亿元人民币，新增跑道 49条、机位2232个、航站楼面积682.74万平方米，运输机场总数达270个，机场总容量超过18亿人次； 净增运输飞机671架，机队总规模达4574架，民航综合保障能力迈上新台阶。 "十四五"时期，国产装备取得重大突破、自主发展能力显著增强。C919、AG600等国产航空产品完成适 航审定，中国运输机队之中，国产飞机达220架，空管系统新增主要装备国产化率达到96%，北斗卫星 导航系统在民航大规模应用。 宋志勇还指出，"十四五"时期，现代民航产业体系不断 ...

（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。 ...

Core Viewpoint - The company emphasizes its commitment to innovation in the electric vertical takeoff and landing aircraft (eVTOL) sector, which is seen as a key component of future urban air mobility due to its zero emissions, low noise, and flexible takeoff and landing capabilities [1] Group 1: Company Innovations - The company is focused on bottom-layer technological innovation across various dimensions, including raw material development, structural design, process routes, and independent equipment development [1] - The company leverages core technologies from the electric drive components of new energy vehicles to enhance its eVTOL motor assembly development [1] - The company has successfully expanded its drive motor rotor production technology from the new energy vehicle sector to the low-altitude economy sector, strengthening its foundation for sustainable future development [1] Group 2: Market Applications - eVTOL technology is applicable in multiple scenarios such as commuting, logistics, and emergency medical services [1] - The company has developed and delivered samples of eVTOL motors that meet high power density, high reliability, and lightweight requirements, although these products have only generated a small amount of sample revenue and do not significantly impact the company's overall performance [1]

Core Viewpoint - The solid-state battery sector in China is expected to experience a financing boom in 2025, driven by technological breakthroughs and policy support, transitioning from the "laboratory stage" to "industrialization" [2] Financing Cases Summary - A total of 17 typical financing cases in the solid-state battery field have been identified, showcasing significant capital influx and diverse investment strategies [2][3][4] Group 1: Financing Characteristics - The current capital layout is primarily focused on semi-solid state batteries, with a relatively lower proportion of financing directed towards all-solid state projects, indicating a pragmatic investment approach [5] - A diversified investment matrix has formed, combining industrial capital, government funds, and VC/PE, with each type of investor focusing on different aspects of the industry [5] - The focus on specific technological routes is evident, with sulfide electrolyte routes becoming a financing hotspot among both leading companies and startups [6] - Most financing is directed towards production line construction and mass production validation, reflecting a shift from R&D to engineering delivery in the industry [6] Group 2: Reasons for Capital Interest - Performance advantages and technological maturity of solid-state batteries drive investment interest, as they significantly enhance energy density and safety, addressing consumer concerns about range anxiety [7] - Policy incentives provide confidence for capital investment, with government support including subsidies for vehicles equipped with semi-solid state batteries and the establishment of standards for solid-state batteries [7] - Growing market demand for high-performance batteries, particularly in the electric vehicle sector, is expected to support the growth of solid-state batteries as a mainstream technology [8] Group 3: Future Development Trends - The solid-state battery sector is anticipated to see semi-solid state batteries dominate the market in the near term, with energy density potentially reaching 450 Wh/kg and cycle life exceeding 6000 cycles within 3-5 years [9] - The industry will witness a concentrated effort in the construction of pilot lines for all-solid state batteries, with some leading companies expected to achieve small-scale production by 2027 [9] - The industry landscape will continue to evolve, with a focus on collaboration across the supply chain and the emergence of specialized companies in high-nickel cathodes and new solid-state electrolytes [9] - Applications for solid-state batteries will diversify beyond electric vehicles, expanding into sectors such as energy storage, humanoid robots, and low-altitude flying vehicles [9] Conclusion - The concentrated capital investment is accelerating the industrialization of the solid-state battery sector, with semi-solid state battery commercialization and all-solid state battery technological advancements progressing in parallel [10]

1月2日，微型精密马达制造商新思考电机股份有限公司（以下简称"新思考电机"）正式向港交所提交上 市申请书，联席保荐人为华泰国际和中金公司。 营收稳步扩张盈利由亏转盈 招股书显示，新思考电机成立于2014年，目前已建立起覆盖模组厂与终端品牌的双重客户体系。在模组 厂层面，公司是欧菲光、丘钛科技、舜宇光学等国内主流摄像模组厂商的马达主力供应商；在终端层 面，其产品已进入华为、小米、大疆、vivo、OPPO等知名品牌的供应链体系。 尤其值得关注的是，公司产品已通过华为P系列、小米Ultra等高端旗舰机型的验证，标志着其技术能力 已获得头部客户认可。这也反映出，国产手机品牌在冲击高端市场的过程中，正逐步推动供应链本土化 与高端化，新思考电机成为这一趋势的受益者之一。 根据弗若斯特沙利文的资料，以2024年的收入计，新思考电机在影像马达市场位列全球第六名、中国第 三名，占中国影像马达市场的9.1%。以2024年的收入计，在光学防抖("光学防抖")影像马达领域，新思 考电机位列全球第四名、中国第一名，占中国市场份额的 20.1%。 2023年度、2024年度以及2025年截至9月30日止九个月（以下简称：报告期内），公司 ...

Macro News - Zheng Zhajie emphasized the need to build a modern industrial system during the "14th Five-Year Plan" period, focusing on optimizing and enhancing traditional industries such as chemicals, machinery, and shipbuilding to strengthen their global competitiveness [1] - The development of strategic emerging industry clusters, including new energy, new materials, aerospace, and low-altitude economy, is prioritized, with a push for quantum technology, biomanufacturing, hydrogen energy, nuclear fusion energy, brain-computer interfaces, embodied intelligence, and sixth-generation mobile communication to become new economic growth points [1] Shanghai Investment Encouragement - The Shanghai Municipal Development and Reform Commission and other departments issued measures to encourage foreign-invested enterprises to reinvest domestically, comprising 15 initiatives [1] - Key measures include supporting various reinvestment methods, enhancing project coordination services, optimizing land resource allocation, encouraging technological upgrades, and supporting domestic production and R&D innovation [1] - Additional initiatives involve simplifying medical device production processes, facilitating multi-warehouse coordination for drug wholesale, easing food chain operations, implementing profit reinvestment tax policies, and broadening financing channels for reinvestment [1]

Core Viewpoint - The article highlights the active participation of industrial Limited Partners (LPs) in the investment market, particularly focusing on the establishment of a new mother fund by a major liquor company, which signals a broader trend of revitalization in the investment landscape [2][3][4]. Group 1: Fund Establishment and Investment Strategy - The newly registered mother fund in Suqian City has a total scale of 1.5 billion yuan, with significant contributions from Suqian Industrial Development Group and Yanghe Distillery [5]. - The fund's investment focus includes intelligent manufacturing sectors such as robotics, artificial intelligence, and data industries, with a commitment to early, small, long-term, and hard technology investments [6]. - The fund has a lifespan of 15 years, with an investment period of 8 years and an exit period of 7 years, and it will not hold more than 30% of shares in any single investment [6]. Group 2: Market Trends and LP Activity - Since 2025, the primary market has shown signs of recovery, with institutional LP contributions reaching approximately 1.24 trillion yuan in the first three quarters, a 9% year-on-year increase [8]. - The number of newly registered funds has increased by 15.18% year-on-year, indicating a growing interest from LPs, particularly industrial LPs, who are leading in investment frequency [8]. - The investment landscape is characterized by a busy schedule for investors and fundraising teams, reflecting a significant uptick in activity across both investment and fundraising sectors [9][10]. Group 3: National Policy and Market Structure - The entry of "national team" funds into the venture capital market marks a significant shift, with increased government support for industrial investments [14]. - The establishment of the National Venture Capital Guidance Fund and regional mother funds aims to inject substantial capital into the market, focusing on future industries like artificial intelligence and advanced manufacturing [15]. - The ongoing support from national-level funds is expected to address market funding gaps and foster a more sustainable investment environment, with projections for continued market recovery into 2026 [15][17].

1月6日, A股市场延续开门红，逾4100股上涨，沪指收涨超1%喜提13连阳，再创阶段新高！商业题材概念飙涨，航空ETF基金(159257)高歌猛进，收涨 4.59%，再次刷新历史新高，喜提3连涨。资金将目光转向航空板块，航空ETF基金（159257）强势吸金超237万元！ 业内机构指出，2026年开年，A股春季行情持续演绎，商业航天板块凭借跨年上涨态势持续领涨。叠加商业火箭企业专项上市指引落地等利好政策的催化， 市场对该板块的关注度进一步提升。 从产业发展底层逻辑审视，商业航天板块的崛起并非市场情绪的短期宣泄，而是政策红利释放、核心技术突破与产业刚性需求三大核心要素共同驱动的必然 结果。 国金证券研报认为，全球航天产业处在SpaceX等为代表的商业航天企业崛起之际，正经历着类似大航海时代的结构性变革。中国商业航天开始到达从政策 孵化期向工业化爆发期过渡的关键节点。2026年将是中国商业航天产业的阿尔法元年，行业逻辑将从单纯的题材映射转向基于供应链业绩兑现的基本面投 资。 国防军工为第一大权重行业。航空ETF基金（159257）标的指数行业主要集中在国防军工（56.3%）、计算机（7.5%）、汽车（7.4%） ...

Group 1 - The summit highlighted the importance of platform-based development models as a key approach to drive regional innovation and high-quality development in the Beijing-Tianjin-Hebei area [1][2] - The Beijing-Tianjin-Hebei Enterprise Headquarters Science and Technology Innovation City is recognized for providing comprehensive support for enterprise growth through a platform that integrates space, capital, technology, and talent [2][4] - Experts noted that platformization effectively addresses the challenges of resource fragmentation faced by small and medium-sized enterprises, offering one-stop solutions from technology transformation to market expansion [2][6] Group 2 - The summit featured discussions on low-altitude economy and AI-driven industrial transformation, with insights from Chinese Academy of Engineering academicians on their potential as new growth engines [3] - A strategic cooperation award ceremony was held, signifying authoritative recognition of the Science and Technology Innovation City in building an industrial ecosystem that integrates production, education, research, and application [4] - The launch of the "Beijing-Tianjin-Hebei Enterprise Acceleration Plan" aims to provide full-cycle empowerment for resident enterprises by integrating resources such as patient capital and global market access [5][6] Group 3 - Media commentary emphasized that the platform-based development model represents a transformative direction for China's industrial parks, shifting from a landlord to a shareholder approach and from management to empowerment [6] - The platform model is seen as a means to enhance resource allocation efficiency and foster a culture of continuous innovation, providing a replicable practice for building a world-class urban agglomeration in Beijing-Tianjin-Hebei [6]