十位不愿透露姓名的交易商表示，德国储气行动的风险降低，其中六位表示，德国和欧盟的储气目标很 可能在11月1日前提前实现。 年初，人们对德国的天然气库存状况忧心忡忡。当时，交易商们担心德国政府可能不得不干预市场，从 而导致价格出现大幅波动，就像欧洲能源危机期间那样。但随着以色列和伊朗同意停火，夏季天然气价 格在6月底暴跌，此后一直维持在今年以来的最低水平附近，这使得补充库存的工作得以顺利进行。 "人们更加放心了，" Onyx Commodities Switzerland AG电力和天然气联席主管Mirko Ivanda表示，他指 出液化天然气进口量充足。即使储量最终仍低于往年水平，他也不认为这会导致"灾难性"的后果。 自2022年俄罗斯限制管道天然气输送以来，欧洲的天然气储备发挥了至关重要的作用。然而，在2025年 初，由于冬季供暖期间风力发电量较低，欧洲的天然气储备大幅减少。这一度引发了人们对天然气价格 飙升的担忧。 德国天然气库存增加 智通财经APP获悉，交易商已大幅增加在德国天然气储存设施的预订量，这与今年早些时候的情况形成 了鲜明对比，当时德国天然气库存在冬季结束时处于三年来的最低水平，且不寻常的市场 ...

证券研究报告·公司点评报告·专业服务 华测检测（300012） 2025Q2 预告快评：Q2 归母净利润同比 +8%~10%，检测龙头经营持续稳健 增持（维持） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 5,605 | 6,084 | 6,535 | 7,118 | 7,760 | | 同比（%） | 9.24 | 8.55 | 7.42 | 8.92 | 9.01 | | 归母净利润（百万元） | 910.20 | 921.07 | 1,055.55 | 1,172.53 | 1,311.79 | | 同比（%） | 0.83 | 1.19 | 14.60 | 11.08 | 11.88 | | EPS-最新摊薄（元/股） | 0.54 | 0.55 | 0.63 | 0.70 | 0.78 | | P/E（现价&最新摊薄） | 22.61 | 22.34 | 19.50 | 17.55 | 15.69 | [Tabl ...

Core Viewpoint - The collaboration between Zhongke Shuguang and Zhongke Xingtou aims to innovate and apply "space computing" technology, enhancing capabilities in various fields such as disaster monitoring, low-altitude tourism, and commercial aerospace [1][2][3]. Group 1: Collaboration Details - Zhongke Shuguang and Zhongke Xingtou signed a cooperation agreement to develop space computing technologies, focusing on space chip research and the construction of an open and inclusive space computing network [1][4]. - The partnership is expected to create a unified cloud computing system that integrates ground and space computing systems over the next three to five years [1][3]. Group 2: Industry Context - The space sector is entering a significant digital and intelligent transformation phase, leading to the emergence of new technologies and scenarios, with "space computing" being a crucial component [2][3]. - Satellites are essential for tasks such as remote sensing, satellite internet, and disaster warning, necessitating a deep integration of "space and computing" to build a new innovation chain [2][3]. Group 3: Technological Development - The two companies plan to jointly develop high-performance, low-power, and highly reliable specialized chips for space computing applications, creating a comprehensive innovation chain from chips to applications [4][5]. - Zhongke Xingtou will provide the requirements for space computing scenarios, while Zhongke Shuguang will leverage its advanced computing expertise to lead chip and system architecture design [4]. Group 4: Broader Impact - The collaboration aims to release the potential of "space computing" by promoting partnerships across various industries, creating replicable and scalable application benchmarks in areas like emergency rescue, meteorology, and agriculture [5][6]. - The initiative will also extend to emerging fields such as low-altitude airspace management and electromagnetic sensing, enhancing capabilities in communication, environmental monitoring, and smart transportation [6][7]. Group 5: Future Prospects - The open and inclusive "space computing network" is expected to expand application scenarios, providing high-speed internet access to remote areas and enabling real-time processing of remote sensing data [7]. - The network will support real-time positioning and path optimization for autonomous vehicles and drones, as well as offer low-cost computing services to commercial aerospace enterprises, further driving the commercialization of the aerospace industry [7].

Core Viewpoint - The article discusses the increasing frequency and intensity of extreme weather events in China, including record high temperatures and heavy rainfall, attributed to climate change and the behavior of the subtropical high-pressure system [1][5][9]. Group 1: Extreme Weather Trends - China has experienced the hottest June on record, with extreme heat and heavy rainfall occurring simultaneously in different regions [1]. - The National Climate Center reports a general increase in extreme heat records and rainfall intensity across most regions in China over the past few decades [1][5]. - The average annual warm days in China have increased by approximately 6.7 days every decade, indicating a lengthening of the warm season [5]. Group 2: Climate Change Impacts - The article highlights that global warming is a significant factor contributing to the observed warming and increased humidity in northern China [5][9]. - The average relative humidity in Beijing has risen by 5% from 2013-2022 compared to 2003-2012, indicating a trend towards a warmer and more humid climate [3][4]. - The subtropical high-pressure system's behavior has changed, leading to earlier and more intense heat waves in northern regions [7][8]. Group 3: Weather Forecasting Challenges - There is a discrepancy between reported temperatures and public perception due to differences in measurement standards and personal experiences of weather [2]. - Future weather forecasts may increasingly focus on "feels-like" temperatures rather than just air temperature, addressing public concerns more effectively [2]. Group 4: Regional Weather Patterns - The article describes how the subtropical high-pressure system influences weather patterns, causing drought in some areas while leading to heavy rainfall in others, creating a "drought in a large area, flood in a narrow line" phenomenon [6][10]. - The intensity and frequency of localized extreme rainfall events are increasing, with significant implications for flood management and infrastructure [10][11]. Group 5: Adaptation and Preparedness - The article emphasizes the need for improved disaster preparedness and water resource management in light of increasing extreme weather events [12]. - It suggests that alongside disaster mitigation, there should be a focus on utilizing rainfall during flood seasons for water conservation in drier months [12].

【环球网科技综合报道】7月11日消息，2025空天信息大会暨中科星图生态发展大会近日在安徽合肥举办。大会以"空天一体 星云共生"为主题，聚焦空天信 息、地理信息、商业航天、低空经济等领域的新技术、新挑战、新趋势。 当前我国空天信息产业呈现怎样的发展趋势？中国科学院原党组成员、秘书长邓麦村表示，我国空天信息产业近年来实现了从"跟跑"到"并跑"，乃至在某些 领域"领跑"的华丽转身，正成为数字经济发展的新引擎。希望业界能够立足全球视野，聚焦关键技术攻关、产业生态构建、应用场景拓展等核心议题，为完 善空间基础设施体系贡献智慧和力量。 "空天信息技术是低空经济发展的安全保障。"中国科学院空天信息创新研究院研究员童庆禧认为，低空经济是国家高质量发展的战略性新兴产业，虽然当下 面临着低空飞行安全保障不足、空域开放程度低等困境，但市场需求强盛、经济效益显著、发展潜力大，在国家政策的激励下将发展成新的万亿级的产业， 为我国经济做出新的贡献。 谈及当前空天信息产业的关键技术，中国科学院地理科学与资源研究所研究员周成虎说，当前商业遥感卫星星座已成为发展的基本态势，商业航天促进了空 天信息应用进入数智地球新时代。"大数据、大知识、大 ...

瑞达期货研究院 「2025.07.11」 取 更 多 资 讯 业务咨询 添加客服 关 注 我 们 获 目录 1、周度要点小结 2、期现市场 3、产业情况 4、期权及股市关联市场 「 周度要点小结」 棉花（纱）市场周报 棉花偏强震荡，关注天气和宏观 研究员：张昕 期货从业资格号F03109641 期货投资咨询从业证Z0018457 行情分析： 本周郑棉主力2509合约上涨，周度涨幅约0.76%。棉纱期货2509合约上涨0.47%。 行情展望：国际方面，美国棉花出口销售报告不如预期，且近期天气利于作物生长， 美国棉花优良率上升，抑制美棉价格，市场等待USDA公布月度供需报告。美国对 日本、韩国等国家的进口产品征收关税，且特朗普曾威胁对金砖国家加征10%新关 税，警惕宏观因素风险。国内方面，纺织行业消费淡季特征显现，企业新增订单表 现不佳，整体开机率缓慢下调，企业对原材料的采购谨慎。据Mysteel农产品数据 监测，截至7月10日，主流地区纺企开机负荷在70.40%，环比下降0.84%，开机整 体变化不大。棉花处于去库存状态，且新疆部分地区有高温天气，棉花遭遇高温热 害风险较高，这些因素支持价格偏强波动，只是需求因 ...

Group 1 - The stock of Aerospace Technology (688239) has a comprehensive score of 58.37, indicating a strong performance [1] - The main cost analysis shows the following prices: current main cost at 33.91 CNY, 5-day main cost at 33.69 CNY, 20-day main cost at 33.01 CNY, and 60-day main cost at 31.83 CNY [1] - In the past year, the stock has not experienced any limit-up or limit-down events [1] Group 2 - The short-term pressure level is at 34.28 CNY, while the short-term support level is at 33.11 CNY [2] - The mid-term pressure level is at 34.98 CNY, and the mid-term support level is at 30.77 CNY [2] - The current short-term and mid-term trends are unclear, awaiting direction from main funds [2][3] Group 3 - On July 11, 2025, the net outflow of main funds was 744.42 million CNY, accounting for -5% of the total transaction amount [2] - The breakdown of fund flows includes a net outflow of 453.63 million CNY from large orders and 290.79 million CNY from super large orders, while retail investors saw a net inflow of 89.21 million CNY [2][3] - The stock is associated with industries such as aerospace (0.57%), commercial aerospace (0.29%), large aircraft (0.40%), and western development (0.35%) [2] Group 4 - The latest financial data shows earnings per share at 0.29 CNY, operating profit at 0.51 billion CNY, and a net profit of approximately 46.37 million CNY [2][3] - The sales gross margin is reported at 26.229% [2][3]

在副热带高压的掌控下，未来一周我国北方大部暑热升级，黄淮、华北等地将出现持续性高温天气。什 么时候能缓解，来看气象专家的介绍。 （文章来源：央视新闻） 孙倩倩：东北这种极端闷热的状况到明后天会自北向南陆续改善。华北要到15日干空气切入进来之后， 这种闷热的感觉才会有所缓和，但是会从闷热转为干热，依然是比较热的。在黄淮这里闷蒸桑拿的感觉 还将维持至少一周的时间，尤其是在15日前后，还将体验到极端的高温天气。像郑州41℃在7月份是比 较少见的，15日之后，副热带高压还会继续扩大加强，并且逐渐与东边的副高还有西边的大陆高压打 通，连成一片，影响到我们国家大部分地方。所以，15日之后，中东部多数地方又将迎来一轮大范围的 高温天气。 中国气象局气象分析师孙倩倩：热带高压未来几天将继续强势地西伸北抬，并且与高压脊融成一片，形 成一个大的暖高压，笼罩在长江以北，影响到大部地区，所以高温炎热天气会自东向西逐渐地发展增 多。虽然都是高温，但是高温的感觉是不一样的。像东北到华北往南这一片是闷蒸桑拿的感受。那么在 西北这一带，基本上是干热暴晒为主。所以对于东北华北这一带来说，虽然气温看似不高，35℃左右， 但是闷热的程度是比较重的 ...

市场消息：德国在天然气价格大幅下跌后达到储气目标。 ...

Core Insights - The Central State-Owned Enterprises Innovation-Driven Index (000861) has seen a 0.25% increase as of July 11, 2025, with notable stock performances from China Shipbuilding (600150) up 7.38% and Shengke Communication (688702) up 5.43% [3] - China Shipbuilding has forecasted a net profit of 2.8 billion to 3.1 billion yuan for the first half of 2025, representing a year-on-year growth of 98.25% to 119.49% due to favorable industry conditions and improved order structure [3] - The Central State-Owned Enterprises Innovation-Driven ETF (515900) has reached a new high of 3.38 billion yuan in scale, ranking in the top quarter among comparable funds [4] Performance Metrics - The Central State-Owned Enterprises Innovation-Driven ETF has achieved a 6.05% net value increase over the past year, with a maximum monthly return of 15.05% since inception [4] - The ETF has a historical holding probability of 97.51% for profit over three years, with an average monthly return of 3.97% during up months [4] - As of July 10, 2025, the ETF has a tracking error of 0.037% over the past five years, indicating the highest tracking precision among comparable funds [5] Sector Insights - The defense and military industry is experiencing strong performance, driven by geopolitical tensions and the establishment of a low-altitude economy working group, with positive developments expected in military trade and commercial aerospace [4] - Despite high overall industry valuation levels, specific sectors like marine equipment remain at historical lows, presenting structural investment opportunities [4] - The top ten weighted stocks in the Central State-Owned Enterprises Innovation-Driven Index account for 34.87% of the index, with key players including Hikvision (002415) and China Shipbuilding (600150) [5]