Group 1 - The Industrial Internet ETF (159778.SZ) increased by 0.61%, with its associated index, Industrial Internet (931495.CSI), rising by 0.42% [1] - Key constituent stocks such as Industrial Fulian rose by 2.99%, GoerTek by 2.13%, Inspur Information by 1.78%, State Grid NARI by 0.91%, and Deepin Technology by 3.06% [1] - CITIC Securities research report indicates that the commercialization of L4 level autonomous driving is accelerating, with leading Robotaxi companies experiencing a 400% year-on-year increase in weekly orders [1] Group 2 - Changjiang Securities highlights that distributed low-orbit constellations built using commercial aerospace capabilities possess strong anti-jamming and anti-destruction capabilities, which are fundamental drivers of defense demand in commercial aerospace [2] - The satellite wireless interconnection market is projected to have significant potential, with estimates that by 2030, the domestic "Thousand Sails" and GW constellation networking will create a market space exceeding 270 billion yuan for satellite manufacturing and 80 billion yuan for rocket launch services [2] - Shenwan Hongyuan research shows that the midstream structural components/subsystem segment of the military industry chain saw a 12.09% year-on-year increase in advance payments and contract liabilities in Q1 2025, while the downstream assembly segment's inventory growth rate reached 17.73%, indicating a sequential transmission of industry chain prosperity [2]

2025.06. 05 本文字数：2492，阅读时长大约5分钟 作者 | 第一财经 钱童心 "变法者"马斯克和白宫说拜拜之后，重新变回专注的"钢铁侠"。 当地时间6月3日，科技富豪马斯克透露了关于他的太空探索公司SpaceX今年的营收情况。马斯克在 辞去了美国总统特朗普政府效率部门的职务后，正承诺回归企业。 马斯克在当天社交媒体平台X上发帖称，SpaceX的营收今年将达到约155亿美元（约合1114亿元人 民币）。2022年，SpaceX的年收入还仅为46亿美元，这意味着三年内收入预计将增长两倍多。 马斯克表示，预计公司明年来自商业航天的收入较美国航空航天局（NASA）的整体预算超出11亿美 元，这凸显了SpaceX在商业航天领域日益增长的主导地位。根据NASA官方文件，特朗普政府已将 该机构2026财年的预算削减至188亿美元。 2024年，SpaceX的猎鹰火箭发射了多达134次，创下纪录，成为全球最活跃的火箭发射运营商。 其中132次由主力火箭猎鹰9号完成，剩余2次由重型猎鹰火箭承担。该公司计划在今年打破这一纪 录，发射次数预计在年底前达到170次——这意味着平均每两天实施一次轨道发射。今年截至目前， ...

完整早报音频，请点击标题下方小耳机收听 【雷军回应 "苹果放弃造车"：不知道苹果为什么干不成，外部报道不能准确参考】 日前小米集团举办了 2025 投资者大会。在会议上，雷军向投资者汇报 了小米的发展近况，也集中回答了大家普遍关心的问题。其中，有投资者针对小米汽车提到：为什么"苹果十年干不成，小米 3 年多就能成"？对此，雷军 表示，"苹果造车，到这个时间点，为啥干不成？说实话，我也不知道。"但是，苹果一定是我们这个星球上最伟大的公司之一，也是我们小米创办十五年 以来，一直潜心学习、对标的对象。为什么最后他们放弃造车，准确原因我并不了解，外部的报道，不能作为一个准确的参考。（新浪科技） 【比尔 ·盖茨：打算 20 年内把钱花完，大部分支持非洲】 6 月 4 日消息，据报道，微软公司创始人、亿万富翁比尔·盖茨表示，他打算把大部分的财富用 于非洲的发展。 5 月初，盖茨宣布，他打算在 20 年内通过盖茨基金会将所有财富用于慈善事业。他还透露，他的慈善基金会将于 2045 年 12 月 31 日 关闭，比预期要早。 盖茨在非洲联盟会议上说： "我最近宣布，我打算在未来 20 年内将我的财产用于慈善事业，其中大部分将 ...

马斯克还计划于2028年开始在火星建造基地，目标是在2033年发射500个星舰着陆器，开采火星资源，并建立起通信能力。 SpaceX离火星还有多远？ 马斯克正在试验SpaceX的星际飞船火箭系统"星舰"（Starship），该系统的定位是帮助人类登陆火星。这艘高约400英尺（约122米）的火箭被该公司称为"有 史以来最强大的火箭"。马斯克强调，SpaceX的大部分收入都直接投入到星舰项目中。 "变法者"马斯克和白宫说拜拜之后，重新变回专注的"钢铁侠"。 当地时间6月3日，科技富豪马斯克透露了关于他的太空探索公司SpaceX今年的营收情况。马斯克在辞去了美国总统特朗普政府效率部门的职务后，正承诺 回归企业。 马斯克在当天社交媒体平台X上发帖称，SpaceX的营收今年将达到约155亿美元（约合1114亿元人民币）。2022年，SpaceX的年收入还仅为46亿美元，这意 味着三年内收入预计将增长两倍多。 马斯克表示，预计公司明年来自商业航天的收入较美国航空航天局（NASA）的整体预算超出11亿美元，这凸显了SpaceX在商业航天领域日益增长的主导地 位。根据NASA官方文件，特朗普政府已将该机构2026财年的预算削 ...

1、工信部部署推动 人工智能产业发展和赋能新型工业化，统筹布局通用大模型和行业专用大模型，注 重软硬件适配，加快建立高质量行业数据集，提升重点产品装备的智能化水平。2、香港证监会正考虑 为专业投资者引入虚拟 资产衍生品交易，鼓励本地和国际企业探索虚拟资产技术的创新及应用。3、国 家能源局组织开展新型电力系统建设第一批试点工作，统筹地区存量及增量数据中心绿电需求和新能源 资源条件，协同规划布局算力与电力项目。4、财政部、住房城乡建设部组织开展了2025年度中央财政 支持实施城市更新行动评选，拟支持北京、天津等20城实施城市更新行动。5、 金山办公：继续聘任雷 军为公司名誉董事长。 科兴制药：控股股东科益医药拟减持不超3%公司股份。3连板 中衡设计：公 司"低空经济"、"商业航天"相关项目设计收入占比较小。7天5板 乐惠国际：公司鲜啤业务占比较小 尚 处于亏损阶段。5天4板 合兴股份：部分董监高人员在本次股票交易异常波动期间根据减持计划减持15.3 万股公司股票。 万泰生物：公司九价HPV疫苗上市许可申请获得批准。 ...

Company Announcements - Hainan Huatie is planning to issue shares overseas (S shares) and list on the Singapore Exchange, with discussions ongoing with relevant intermediaries [2] - Wantai Biological's subsidiary has received approval for the listing of its nine-valent HPV vaccine, which is the first domestically approved nine-valent HPV vaccine and the second globally [3] - Huamao Technology intends to purchase the remaining 57.84% stake in Fuchuang Youyue, with the transaction constituting a major asset restructuring [4] - Bangji Technology has suspended trading due to planning a significant matter, which involves acquiring 100% of Shandong Beixi Agricultural and Animal Husbandry Co., Ltd. and 80% of Paistong Livestock Technology Consulting (Shanghai) Co., Ltd. [6] - Zhongke Electric plans to invest no more than 8 billion yuan to establish a lithium-ion battery anode material integrated base project in Oman, with an annual production capacity of 200,000 tons [5] Shareholding Changes - ST Jinbi is planning a change in control, leading to a suspension of its stock [16] - Weijie Chuangxin's shareholder plans to reduce their stake by up to 3% due to funding needs [9] - Kexing Pharmaceutical's controlling shareholder intends to reduce their stake by up to 3% to optimize the company's equity structure [14] - Lier Chemical's shareholder plans to reduce their stake by up to 3% [15] Stock Price Movements - Lehui International's stock has experienced abnormal fluctuations, with its beer business currently in a loss phase [10] - Zhongheng Design's stock has also seen abnormal fluctuations, with low revenue from its "low-altitude economy" and "commercial aerospace" projects [11] - Nanhua Futures' stock is facing uncertainty regarding its H-share issuance and listing on the Hong Kong Stock Exchange [12] Contracts & Project Bids - China Electric Power Construction announced that its subsidiary led a consortium that won a 6.282 billion yuan energy storage project [17]

Core Viewpoint - The withdrawal of Jared Isaacman’s nomination as NASA Administrator by Trump indicates a shift towards a more politically aligned leadership, potentially impacting NASA's strategic direction and commercial partnerships, particularly with SpaceX [2][10][31]. Group 1: Political Dynamics - Trump announced the withdrawal of Isaacman's nomination due to his past donations to prominent Democrats, reflecting a preference for candidates with a "pure" political stance [2][10]. - The decision to withdraw the nomination may lead to a leadership vacuum at NASA, creating uncertainty in its long-term strategic planning [3][10]. - Trump's intention to nominate someone aligned with the "America First" agenda suggests a potential shift away from the commercialization and privatization trends that Isaacman represented [9][10]. Group 2: Impact on NASA and SpaceX - Isaacman, a billionaire and private astronaut, was seen as a candidate who could enhance NASA's efficiency through commercialization, which is now uncertain following the withdrawal [3][9]. - The potential new nominee, Steven Kwast, a retired Air Force general, indicates a possible return to a more traditional, government-focused approach to NASA's leadership [9][10]. - The cancellation of Isaacman's nomination raises questions about the future of NASA's lunar and Mars exploration strategies, which had been leaning towards commercial partnerships [9][10]. Group 3: Financial Implications - SpaceX has significantly benefited from NASA's commercial contracts, with over $84 billion invested in commercial crew programs, of which SpaceX accounts for about 30% [21]. - The political dynamics surrounding NASA's leadership could affect SpaceX's future contracts and operational strategies, particularly in light of the recent budget proposals that may cut NASA's funding [10][21]. - SpaceX's revenue is projected to grow significantly, with estimates suggesting a rise from $8.7 billion in 2023 to $13.1 billion in 2024, driven largely by its Starlink business [19].

Core Viewpoint - The A-share market showed overall strength on June 4, with the rare earth permanent magnet concept leading the gains [1][5][6]. A-share Market Performance - The A-share market experienced a significant rise, with the Shanghai Composite Index up by 0.43%, the Shenzhen Component Index up by 0.91%, and the ChiNext Index up by 1.22% at midday [5]. - Nearly 4,000 stocks in the market saw an increase [5]. - Key sectors such as comprehensive, communication, non-ferrous metals, and social services all recorded gains exceeding 1% [6]. Rare Earth Permanent Magnet Sector - The rare earth permanent magnet sector was notably strong, with companies like Keheng Co. hitting the daily limit with a 20.02% increase, and Jiuling Technology seeing a peak increase of over 11% [6][7]. - Other companies in this sector, such as Guangsheng Nonferrous and Zhongke Magnetic, also experienced significant gains [6]. Hong Kong Market Performance - The Hong Kong market also showed strength, with the Hang Seng Index constituents like CSPC Pharmaceutical Group and China Biologic Products leading with gains exceeding 5% [2][14]. - China General Nuclear Power Corporation saw a dramatic rise, with its stock price increasing by over 30% during trading [3][15]. Market Volatility and Stock Movements - Several stocks in the A-share market experienced consecutive trading halts, indicating high volatility [9]. - Companies like Gongchuang Turf and Zhongheng Design reported significant price fluctuations, with Gongchuang Turf's stock price deviating by 20% over two consecutive trading days [10][11]. International Context - Concerns were raised regarding China's rare earth exports potentially causing shortages in the automotive industry in Europe, the U.S., and India, prompting questions about possible export policy adjustments [8].

为了将全球数字贸易博览会打造为全球数字贸易第一展，《实施方案》将汇聚全球高端策展资源， 设置人工智能、人形机器人、低空经济、航天航空等专区，带动每届参展数贸企业的数字贸易额增长 10%以上；加强与国际组织、权威机构的合作，升级"数贸之夜"活动，持续发布全球数字贸易发展报 告、百强榜单等成果；举办系列创新大赛，推动项目落地、成果转化和产品应用。 打造全国跨境电商综合试验第一区也是《实施方案》中的一大目标，杭州向国家争取支持发布杭州 跨境电商综试区2.0方案，在跨境电商出口海外仓退税便利化等方面形成新一批制度创新清单，推动新 一轮国家级跨境电商综合改革。 此外，未来杭州跨境支付也将更强大、更便捷，杭州抢抓全省大宗商品资源配置枢纽建设机遇，招 引大宗商品企业总部或采销中心、供应链管理中心、风险管理中心落户杭州，推出各类期现结合大宗商 品指数，拓展大宗商品投资贸易跨境支付、数据采集、商务服务业务，打造大宗商品投资贸易服务创新 中心；支持探索数字人民币跨境支付应用，支持在杭跨境支付机构申请境外支付牌照，到2027年，跨境 电商支付结算额超1万亿元，建设全球跨境支付结算中心。 日前，市政府网站公开发布《杭州市推进全球数贸 ...

Core Viewpoint - *ST Xin Yan has filed for reorganization due to inability to repay debts, despite having operational value in its agricultural and aerospace segments [1][2] Group 1: Company Overview - *ST Xin Yan's main business segments include agricultural machinery and aerospace, with a focus on high-end agricultural equipment and aerospace components [1] - The agricultural machinery segment has developed advanced products such as corn harvesters and feed harvesters, while the aerospace segment has become a key supplier for various industries including aerospace and nuclear power [2][3] Group 2: Financial Performance - As of the end of the reporting period, *ST Xin Yan reported a negative net asset of -271 million yuan, leading to a delisting risk warning [2] - The agricultural machinery segment generated revenue of 532 million yuan in 2024, with a net profit of 12.18 million yuan and a gross margin of 21.02% [3] Group 3: Strategic Initiatives - The company plans to enhance its agricultural machinery capabilities by establishing an experimental platform for electric and hydraulic control systems and focusing on new energy projects [3] - To address its financial difficulties, *ST Xin Yan aims to improve receivables management, negotiate with financial institutions for loan agreements, and seek strategic investments to optimize its capital structure [3][4] Group 4: Cash Flow and Debt Management - The company reported a positive net cash flow from operating activities of 188 million yuan, a significant improvement from the previous year's negative cash flow [4] - A portion of equity in its subsidiary will be transferred to manage debts, indicating a strategic approach to debt resolution [4]