格隆汇12月1日丨东方中科(002819.SZ)在互动平台表示，公司作为国内领先的测试技术科技服务公司， 主营业务不涉及量子科技。在测试测量领域，公司与国内外众多仪器厂商建立了广泛的合作关系，这其 中包括量子科技领域的厂商。 ...

Group 1: Project Cooperation and Industry Development - Chengdu's government signed a project cooperation agreement with Zhiyuan Innovation (Shanghai) Technology Co., Ltd. to establish a large-scale embodied intelligence robotics R&D and manufacturing base, marking the first of its kind in Chengdu [1] - Since the 14th Five-Year Plan, Chengdu has focused on key industries such as new-generation information technology, pharmaceutical health, equipment manufacturing, and advanced materials, implementing 64 key core technology projects in areas like artificial intelligence and low-altitude economy [1] Group 2: Technological Innovations and Breakthroughs - Chengdu has made significant advancements in quantum technology, including the release of the world's first gallium nitride quantum light source chip, which addresses technical challenges and enables more complex quantum algorithms [4] - The city has also seen the launch of the "Xingdong Q5" humanoid service robot, featuring 44 degrees of freedom and advanced language processing capabilities [4] - A total of 1,399 major technology innovation and application demonstration projects have been supported in over 30 cutting-edge technology fields since the 14th Five-Year Plan [4] Group 3: Future Industry Development - Chengdu's government has issued implementation opinions to proactively cultivate future industries, focusing on 24 sub-sectors such as humanoid robots and green hydrogen energy, aiming to master key core technologies with independent intellectual property rights [5][6] - The city aims to foster disruptive products and services with significant domestic and international industry influence [6] Group 4: Innovation Ecosystem and Enterprise Growth - Sichuan WoFei ChangKong Technology Development Co., Ltd. has developed the AE200-100, the first domestic electric vertical take-off and landing aircraft, showcasing Chengdu's potential in key technology innovation [7] - Chengdu is building an innovation ecosystem centered on enterprises, promoting collaborative industry and technology efforts [7] - The city has added 7,021 national high-tech enterprises since the 14th Five-Year Plan, surpassing a total of 14,500, with high-tech industry revenue exceeding 1.5 trillion yuan, a growth of over 40% compared to 2020 [8]

Wind数据显示，截至2025年12月1日A股收盘，有色金属、通信、国证芯片领涨市场，涨幅分别为2.85%、2.81%、1.86%。 有色金属 湘财证券统计指出，2025Q3有色行业收入及利润增速自年初以来收窄态势逐步趋稳，中游冶炼及加工业利润增速回升。上市公司层面有色板块营收及业绩 增速上行，板块盈利能力提升态势延续，杠杆率环比中期有所回落，板块现金流增速虽有回落但仍维持改善态势。 国投证券认为，宏观层面，据芝商所FedWatch 工具数据，美联储12月降息25个基点的概率已达86.4%，全球流动性问题解决，风险偏好回升。微观层面，白 银、铜、锡、稀土等品种均出现了不同程度的利好因素，推动价格进一步上涨。持续看好金银铜铝锡稀土锑锂钴钽铀等金属，价格仍有上涨空间，重视股票 端估值修复。专注聚焦稀土、锂、磁性材料等稀有金属的稀有金属ETF(159608)今日收涨1.84%；全市场唯一跟踪中证全指原材料指数的材料ETF(159944)今 日收涨2.02%。 通信 ICV预计全球量子科技产业2024至2030年的年平均增长率（CAGR）将达到76.27%，到2035年量子总产业规模则有望达到9089.1亿美元，其中 ...

受消息影响， 中兴通讯今日涨停，成交超137亿，封单金额超40亿元，此外中兴通讯H股涨超10%。 中兴通讯表示，目前，搭载豆包手机助手技 术预览版的工程样机努比亚M153少量发售，供开发者和感兴趣的朋友体验豆包手机助手。 7x24h电报 头条新闻 VIP资讯 实时盯盘 中兴通讯(000063) 12-01 11:04:47 深 融 今日，豆包手机助手发布技术预览版。豆包手机助手是豆包和手机厂商在操作系统层面合作的手机AI助手。基于豆包大模型的能力和手机厂商的授 权， 现阶段，开发者和科技爱好者可以在豆包与中兴合作的工程样机nubia M153上，体验豆包手机助手的技术预览版本。 下载财联社APP获取更多资讯 豆包方面表示，这是一款需要和手机厂商一起完成的产品。豆包目前正与多家手机厂商洽谈助手合作，并没有自己开发手机的计划，后续将 公布更多进展。 准确 快速 权威 专业 | 46.30 | | 所属行业:通信+1.60% > | | | 查看所属板块 > | | --- | --- | --- | --- | --- | --- | | +4.21 +10.00% | | 5G产业链 | | 量子科技 | | ...

近期，商业航天板块反复活跃，热度提升，航空航天ETF（159227）持续获资金关注，最新规模突破21 亿元，创成立以来新高，为全市场规模最大的航空航天类ETF。 消息面上，国家航天局印发《国家航天局推进商业航天高质量安全发展行动计划（2025—2027年）》， 目标到2027年实现产业生态高效协同、规模显著壮大。 西南证券表示，国家十五五规划建议加快航空航天、低空经济产业发展。国家战略聚焦低空经济新赛 道，各地相继出台低空经济发展纲领性政策，国资央企密集成立低空经济公司。从应用场景来看，低空 物流、低空文旅等应用场景先行。头部 eVTOL 主机厂订单陆续落地，海外拓展迅速，产业链规模化发 展态势清晰。 银河证券表示，12月市场仍处于风格频繁切换阶段，或以结构性行情为主，外部环境依然存在不确定 性，12月美联储议息会议表态对全球市场流动性的潜在影响值得关注。配置方面，年末关注防御性板块 配置机会，同时聚焦明年景气方向布局，包括人工智能、具身智能、可控核聚变、量子科技、航空航天 等；"反内卷"政策推进，供需结构优化叠加价格回升预期带动下，制造业、资源板块盈利修复路径清 晰。 航空航天ETF（159227）紧密跟踪 ...

Core Viewpoint - The Eleventh Plenary Session of the Eleventh Provincial Committee of the Communist Party of China in Henan has approved the "Suggestions on Formulating the 15th Five-Year Plan for National Economic and Social Development in Henan Province," which serves as a strategic framework for the province's development over the next five years, aligning with national goals and local conditions [1] Group 1: Focus on Modernizing the Industrial System - The "Suggestions" prioritize the high-quality development of the real economy and the establishment of a modern industrial system, emphasizing the importance of manufacturing during the 15th Five-Year Plan period [2] - The province aims to enhance traditional industries such as steel, coal, chemicals, and food through quality improvement initiatives while also promoting emerging industries like new energy and biotechnology [2] Group 2: Education, Technology, and Talent Development - The plan emphasizes the integrated development of education, technology, and talent, aiming to create a unique path for their convergence in Henan [3] - It includes reforms in education and technology systems, promoting collaboration between educational institutions and industries to foster innovation and talent cultivation [3] Group 3: Strengthening Domestic Market and Infrastructure - The development of a robust domestic market is highlighted as a strategic foundation for modernization, with plans to enhance the national unified market and create dual circulation hubs [4][5] - Infrastructure improvements will focus on a multi-modal transportation network to boost logistics efficiency and regional cooperation with neighboring provinces [5] Group 4: Agricultural Modernization - The plan outlines significant efforts to modernize agriculture and rural areas, aiming for a strong agricultural province with notable advancements in rural revitalization [6] - Key initiatives include ensuring food security, developing modern agricultural facilities, and enhancing rural living conditions [6] Group 5: Regional Coordinated Development - The "Suggestions" propose a coordinated urban and rural development strategy, focusing on a new urbanization model that prioritizes quality and inclusivity [7] - The development framework includes promoting the Zhengzhou metropolitan area and enhancing economic activities in various regions [7] Group 6: Health and Well-being - The health sector is set for expansion, with goals to improve healthcare services and increase life expectancy to around 80 years [8][9] - Initiatives will focus on enhancing medical infrastructure and services, particularly for the elderly and children [9] Group 7: Grassroots Governance and Community Engagement - The plan emphasizes strengthening grassroots governance through effective party leadership and community collaboration [10] - Future measures will focus on enhancing public safety, legal frameworks, and community service mechanisms to improve overall governance efficiency [10]

Group 1 - A-shares experienced a slight rebound after adjustments, but all three major indices closed down in November, with expectations for a structural market in December and significant policy windows approaching [1] - The manufacturing PMI rose by 0.2 percentage points to 49.2% in November, with production and new orders indices at 50.0% and 49.2% respectively, indicating slight improvements [2] - The establishment of a Commercial Space Administration by the National Space Administration marks a significant step for China's commercial space industry, indicating a focus on high-quality development [3] Group 2 - CITIC Securities emphasizes the need to focus on resource products and traditional manufacturing opportunities, particularly in sectors like chemicals, non-ferrous metals, and new energy [4] - China Galaxy Securities predicts a structural market in December, with a focus on defensive sectors and emerging trends in AI, quantum technology, and aerospace [5] - China Aviation Securities notes that A-shares are currently lacking a sustained main line but may present valuable layout opportunities in December due to upcoming policy windows [6] Group 3 -招商基金 recommends a "barbell" investment strategy, balancing high-growth sectors like technology and biomedicine with undervalued cyclical assets [7] - Ping An Fund believes the innovative drug sector is entering a phase focused on fundamentals, with a shift from valuation reassessment to performance realization expected by 2026 [8] - Invesco Great Wall Fund advocates for a "light index, heavy structure" approach, focusing on company valuations and fundamentals while considering short-term volatility [9]

Group 1: Macro Strategy and Industry Selection - In 2026, AI is expected to significantly drive growth in the computer industry, resonating with high-growth sectors such as domestic production, quantum technology, financial IT, and intelligent driving [2] - The rapid iteration of models and high demand for computing power may accelerate commercialization [2] - The advancement of industrial software into a "deep water zone" is anticipated to support the strategy of becoming a manufacturing powerhouse [2] - These dynamics could collectively promote both performance and valuation recovery in the industry [2] Group 2: Real Estate Strategy for 2026 - The real estate sector is projected to transition from "scale expansion" to a new phase of "quality efficiency" in 2026 [5] - Policy tools are expected to achieve a "bottom line + quality improvement" dual drive through affordable housing and urban renewal [5] - Core cities' improved residential properties may become new anchors for capital amidst differentiated demand [5] - Following supply clearance, the increase in industry concentration is likely to reshape the competitive landscape of real estate companies [5] - REITs and light asset models are anticipated to initiate a new investment logic characterized by "low volatility and stable returns" [5] Group 3: Oil and Gas Outlook for 2026 - The article discusses when the oversupply of oil may reach an inflection point and the marginal shifts in supply and demand expected next year, along with the equilibrium price of oil [7] - A global LNG expansion wave is anticipated, with ongoing interest in gas turbines, presenting opportunities in the European and American natural gas markets [7] Group 4: AI and Market Strategy - The article explores concerns regarding the AI bubble and how traditional macro strategy frameworks may fail to capture AI's impact [9] - Beyond the "bubble theory," the debt-driven growth associated with AI is expected to create various opportunities [9]

Group 1 - The core viewpoint emphasizes the focus on two categories of cross-year investment opportunities, particularly in AI applications that are accelerating their implementation [1][2] - The report suggests that as December approaches, market attention on cross-year products is expected to increase, highlighting the importance of companies with high growth in their annual reports [1] - The computer sector is anticipated to show a clear turnaround in investment attributes by 2025, with recommendations to focus on leading companies in well-anticipated markets such as AI and domestic production, as well as emerging technology sectors like quantum technology and commercial aerospace [1] Group 2 - AI applications are experiencing rapid deployment, exemplified by the recent public testing of the Qianwen APP, which achieved over 10 million downloads in just one week, marking it as the fastest-growing AI application [2] - The upcoming Winter FORCE conference by Volcano Engine in mid-December is expected to catalyze significant developments in the ByteDance industry chain [2] - With the rapid iteration of foundational large models, AI applications that offer quality user experiences and innovative deployment scenarios are likely to accelerate, making them attractive investment opportunities [2] Group 3 - The second chapter of the report provides a specialized follow-up on the current state of the commercial aerospace industry, indicating a new phase of development following the establishment of the Commercial Aerospace Division [3][6]

国家航天局已于近期设立商业航天司，相关业务正在逐步开展，标志着我国商业航天产业迎来专职监管 机构，未来将持续推动我国商业航天高质量发展，产业链有望全线受益。 机构后市投资观点 在经历震荡调整后，本周A股三大股指呈现小幅反弹趋势，但整个11月三大股指均收跌。展望即将到来 的12月行情，机构认为，或以结构性行情为主，市场即将迎来重要政策时间窗口，美联储议息会议表态 对全球市场流动性的潜在影响也值得关注。 在具体配置上，红利等防御性板块配置关注度升温，AI应用、资源品、医药生物、新消费方向投资机 会值得重视。面对波动行情，建议从中长期视角布局，利用市场的短期波动，以更合理的价格买入长期 看好的公司。 影响后市投资大事件 11月PMI上升0.2个百分点 国家统计局11月30日发布数据显示，11月份，制造业采购经理指数（PMI）为49.2%，比上月上升0.2个 百分点。11月份，生产指数和新订单指数分别为50.0%和49.2%，分别比上月上升0.3个百分点和0.4个百 分点。11月份，高技术制造业PMI为50.1%，连续10个月位于临界点以上。 央行召开打击虚拟货币交易炒作工作协调机制会议 11月28日，中国人民银行召 ...