近日，由中央广播电视总台财经节目中心主办的《中国经济活力数据之夜》隆重举行，天眼查副总裁王雨霏受邀出席并发布重磅《企业活力大数据》。作为 国内领先的商业查询平台，天眼查依托收录的全国3.9亿+社会实体信息、1100+数据维度，携手央视财经以权威数据解码中国经济稳健前行的内在动能，从 微观底盘、产业引擎、消费动能等维度，全景呈现中国经济的强劲韧性与无限潜力。 如果说经营主体总量是"底座"，那产业结构就是"引擎"。2025年，人工智能、低空经济、新能源汽车三大赛道亮点纷呈，集中释放经济新动能。 先看人工智能，在国家部署"人工智能+"行动的大背景下，整个产业生态展现出蓬勃的创新能力。天眼查数据显示，截至2025年，人工智能相关企业近230万 家，其中2025年新设立企业超55万家，较2024年同期增长32.6%，覆盖智能制造、智能交通、智能医疗等20多个领域，产业基础日益稳固。 低空经济是一个正在起飞的产业新蓝海。天眼查数据显示，2025年，低空经济企业注册激增135.6%，存量达到15.7万家。资本市场同样表现活跃，天眼查投 融资数据显示，智能无人飞行器制造企业融资总额超174亿元，比2024年增长了45.9%。 ...

Core Insights - The core viewpoint of the article highlights a significant growth in the low-altitude economy sector in China, with a projected 135.6% year-on-year increase in the number of registered related enterprises by 2025, reaching a total of 157,000 companies [1] Industry Overview - By 2025, the number of existing low-altitude economy-related enterprises in Sichuan province is expected to exceed 7,000, including upstream and downstream supporting companies [1] - Major cities like Chengdu have established themselves as key research, manufacturing, and application demonstration zones for the low-altitude economy, leveraging their strong industrial foundation in aerospace and electronic information [1] Company Dynamics - More than 30% of the low-altitude economy-related enterprises were established within the last year, indicating a rapid influx of new companies into the sector [1]

Investment Rating - The report maintains an "Outperform" rating for the industry, indicating a positive outlook compared to the broader market [3]. Core Insights - The low-altitude economy is poised for significant growth, supported by recent policy initiatives aimed at enhancing communication and navigation infrastructure [6][9]. - The report highlights the importance of integrating new technologies such as AI and big data into the low-altitude industry, which is expected to improve operational efficiency and safety [6][9]. - The government aims for a 90% coverage of ground mobile communication networks for low-altitude public air routes by 2027, indicating strong future demand for related technologies and services [6]. Summary by Sections Policy Developments - Multiple policies have been introduced since 2026 to support the low-altitude economy, including guidelines for establishing a standard system and enhancing infrastructure [8][10]. - The Shanghai and Shenzhen governments have set ambitious targets for the low-altitude economy, including a projected industry scale of 80 billion yuan by 2028 [8][10]. Investment Opportunities - Key companies to watch include: - **Suzhou Planning**: Plans to acquire Dongjin Aviation Technology, which specializes in air traffic management systems [14][16]. - **Brilliant Technology**: Engaged in eVTOL certification processes and has a strong order backlog, indicating robust growth potential [20][22]. - **Deep City Transportation**: Focused on low-altitude design consulting and infrastructure, with projects across multiple cities [24][26]. Market Trends - The number of registered drones in China is expected to reach 2.177 million by 2024, reflecting a 71.8% year-on-year increase, which underscores the rapid growth of the low-altitude sector [10][11]. - The number of general airports has increased to 475, indicating a growing infrastructure to support the low-altitude economy [12].

2月11日，金融界财经早餐，宏观政策、资本市场、行业板块、公司个股资讯一览： 一、今日财经资讯 1、央行发布2025年第四季度中国货币政策执行报告。继续实施好适度宽松的货币政策。把促进经济稳定 增长、物价合理回升作为货币政策的重要考量，根据国内外经济金融形势和金融市场运行情况，把握好政 策实施的力度、节奏和时机。灵活高效运用降准降息等多种政策工具，保持流动性充裕和社会融资条件相 对宽松，引导金融总量合理增长、信贷均衡投放，使社会融资规模、货币供应量增长同经济增长、价格总 水平预期目标相匹配。 2、工业和信息化部等五部门办公厅(秘书局、综合局、综合司)发布《关于加强信息通信业能力建设 支撑 低空基础设施发展的实施意见》，其中提到，持续提升信息通信业技术基础能力、产业供给能力、网络支 撑能力和安全保障能力，有序推进低空场景通信网络建设，丰富拓展感知技术手段，辅助提升导航定位精 度，支撑建设低空智能网联系统，为低空经济发展提供坚实基础。 5、从机构近一个月来的调研情况看，半导体公司的调研热度居前。其中，华润微、东芯股份、神工股份 的机构来访量均超过70次。从资金流向看，据Choice测算，今年以来，截至2月9日，半 ...

2026.02. 11 本文字数：1977，阅读时长大约4分钟 作者 | 第一财经 祝嫣然 低空基础设施是低空经济发展的重要底座。 工业和信息化部等五部门联合印发的《关于加强信息通信业能力建设 支撑低空基础设施发展的实施 意见》（下称《意见》）10日对外发布。 《意见》提出，到2027年，全国低空公共航路地面移动通信网络覆盖率不低于90%，多元融合感知 方案进一步完善成熟，低空导航服务水平持续提升，研制不少于10项信息类基础设施标准，面向城 市治理、物流运输、文旅等领域形成一批典型低空应用场景。 国研新经济研究院创始院长、湾区低空经济研究院院长朱克力接受第一财经记者采访时表示，《意 见》是低空经济迈向体系化、规模化、规范化发展的关键政策落子，标志着我国低空经济从场景试点 转向基础设施定型的新阶段。将有力带动一大批上下游产业链环节加快成长，形成覆盖核心器件、网 络设施、装备制造、系统集成、运营服务的完整产业生态。 集约复用、试验先行 "十五五"规划建议提出，要加快低空经济等战略性新兴产业集群发展。 低空基础设施既包括雷达、ADS-B等民航系统已广泛使用的通导监设施，也涉及5G/5G-A、卫星互 联网等新一代信息 ...

2026-02-11 焦点事件 A股第四大指数！科创综指板块市值覆盖度超过90％ 大河财立方记者从上交所获悉，推出一年来，科创综指的市场关注度持续提升。截至2026年2月10日， 科创综指样本数量达580只，市值覆盖度超过90%，总市值高于100亿元的科创综指成份股权重占比较发 布时提升15.1%，成长效应显著。 据了解，科创综指已成为与上证指数、深证成指、创业板指并列的A股四大核心宽基指数，为境内外投 资者观测和分享中国新质生产力发展红利提供了重要工具。 第 817 期 A股上市公司春节前分红超3700亿元 数据显示，从股权登记日看，2025年12月1日至2026年2月9日，已有约270家A股上市公司实施现金分 红，合计金额超3700亿元，同比增长约9.6%。节前最后一周，还有约30家公司计划实施分红。 考虑到今年春节相较去年晚近20天，今年节前上市公司分红相对更加积极，行业层面看，银行股分红约 占70%。2025年12月以来，国有六大行累计现金分红超2000亿元；招商银行、兴业银行等12家股份制银 行合计派发超500亿元。此外，食品饮料板块分红占比约13%，非银金融约占4.6%，同样位居前列。 宏观要闻 ...

Group 1 - The Chinese government, along with ten agencies including the China Meteorological Administration, has issued a policy document outlining a timeline for the introduction of new standards in the emerging low-altitude economy by 2027 [1][3] - By 2027, the coverage rate of ground mobile communication networks for low-altitude public air routes is expected to reach no less than 90%, with typical low-altitude application scenarios developed for urban governance, logistics, and cultural tourism [1] - The Greater Bay Area, including cities like Guangzhou, Shenzhen, and Hong Kong, is identified as a key testing ground for the low-altitude economy [3] Group 2 - In April 2025, the Shenzhen Meteorological Bureau will establish a center to provide specific weather forecasts for operators of drones and other aircraft [3] - The State Administration for Market Regulation has noted that meteorological services for low-altitude flights have not kept pace with the development of the drone industry, leading to inconsistent and potentially inaccurate weather services, which severely restricts the industry's potential [3] - Urban environments may create unstable weather conditions that affect drone flights, such as the canyon effect caused by dense streets and high-rise buildings, sudden changes in wind direction and speed, and extreme temperatures due to urban heat island effects [3]

Group 1: Industry Insights - Premier Li Qiang emphasized the need for rational development of rare earth resources and the expansion of rare earth technology applications in new energy and new materials [1] - The central bank plans to continue implementing a moderately loose monetary policy, utilizing tools like reserve requirement ratio cuts and interest rate reductions to maintain ample liquidity and relatively loose social financing conditions [3] - The AI threat to traditional business models is spreading to wealth management stocks, with significant market reactions observed, such as Charles Schwab's stock dropping over 9% due to concerns about AI tools targeting core business areas [4] Group 2: Company Updates - MSCI announced its quarterly index adjustments, including the addition of 37 stocks such as Liou Co., Silver Nonferrous, and Anji Technology to the MSCI China Index, while removing 16 stocks including Great Wall Motors [2] - China Railway Construction recently won major projects totaling 451.42 billion yuan [14] - Tian Shun Wind Power signed or won new offshore orders amounting to approximately 870 million yuan [14]

股票频道更多独家策划、专家专栏，免费查阅>> 中国电信、中国移动等运营商也已在全国300多个城市部署5G（核心股）-A通感一体化网络，具备对低 空目标的连续探测与高精度定位能力，为未来万架无人机（核心股）协同运行提供技术底座。这一基础 设施的快速铺开，将进一步降低运营门槛，加速低空经济（核心股）在公共服务、城市治理等更广泛领 域的渗透。 展望后市，随着低空飞行活动日益增多，低空基础设施投资拉动成效逐步显现，我国低空经济（核心 股）将保持快速增长。机构预计2026年低空经济市场规模有望超万亿元。 具体到A股市场，低空经济（核心股）板块受益于商业化加速带来的潜在收益。可关注参与低空通信网 络建设的基础设施先行者，聚焦物流、文旅等商业化进程较快的场景应用龙头；以及核心零部件供应 商。（光大证券微资讯） 据工信部网站，工信部等五部门发布《关于加强信息通信业能力建设 支撑低空基础设施发展的实施意 见》。到2027年，全国低空公共航路地面移动通信网络覆盖率不低于90%，面向城市治理、物流运输、 文旅等领域形成一批典型低空应用场景。 低空经济（核心股）已经连续两年被写入《政府工作报告》。"十五五规划建议"也提出，加快低空经 ...

Core Insights - Economic provinces in China play a crucial role in stabilizing the national economy and driving high-quality development, with a clear roadmap emerging from recent "14th Five-Year" planning proposals [1][2] Group 1: Economic Performance - The top ten economic provinces contribute nearly 20% of the national area and over 60% of the GDP, acting as stabilizers and leaders in high-quality development [2] - In the first three quarters of this year, all nine provinces in the top ten exceeded or matched the national average GDP growth rate, showcasing strong development momentum [2] - Jiangsu's GDP surpassed 10 trillion yuan for the first time, while Shanghai and Hunan both exceeded 4 trillion yuan, raising the entry threshold for the "four trillion club" [2] Group 2: Future Planning - Five of the ten economic provinces have set ambitious goals to lead in various aspects, such as Guangdong aiming for economic doubling by 2035 and Jiangsu focusing on high-quality development and technological innovation [3] - Zhejiang plans to achieve significant progress in high-quality development and common prosperity within five years [3] Group 3: Structural Optimization and New Momentum - Economic provinces are at the forefront of structural optimization and new momentum, with policies promoting the growth of emerging industries like digital economy and artificial intelligence [4] - Guangdong has outlined a digital economy development plan with specific targets, including a core AI industry scale exceeding 440 billion yuan by 2027 [4] Group 4: Domestic Demand and Investment - Economic provinces are enhancing domestic demand and stabilizing investment through consumption activities and major engineering projects [6] - Guangdong has allocated an additional 3.5 billion yuan for fiscal policies, while Jiangsu plans to distribute over 400 million yuan in consumption vouchers [7] Group 5: Reform and Innovation - To further stimulate growth potential, economic provinces need to focus on breaking regional collaboration barriers and innovating in areas like low-altitude economy [8] - Continuous efforts are being made to improve the business environment and integrate into the national market, with specific measures being implemented in provinces like Sichuan and Henan [7]