| 代码 | 名称 | 涨幅量 | 现价 | | --- | --- | --- | --- | | 300516 | 久之洋 | +20.00% | 58.32 | | 688227 | 品高股份 | +19.99% | 58.82 | | 300288 | 江龙船艇 | +19.98% | 26.90 | | 300681 | 晨曦航空 | +14.13% | 20.68 | | 300008 | 天海防务 | +13.13% | 9.22 | | 301327 | 北方长龙 | +12.42% | 17.68 | | 301286 | 侨源股份 | +11.97% | 36.30 | | 688243 | 国科军工 | +11.60% | 58.99 | | 300269 | 联建光电 | +10.88% | 5.81 | | 000070 | 特发信息 | +10.05% | 11.50 | | 200822 | 航大长峰 | +10.03% | 16.68 | | 002413 | 雷科防务 | +10.02% | 6.37 | | 600764 | 中国海防 | +10.02% | 33.61 | ...

在投资方向上，该基金以空天地海一体化通信网络建设为核心牵引，将聚焦中国信科集团六大核心产业板块——光通信、移动通信、光电子和集成电路、网 信安全和特种通信、智能化应用以及数据通信，并前瞻布局人工智能、卫星互联网、量子通信、第六代移动通信（6G）等前沿领域，助力武汉打造世界光 通信产业中心。 据介绍，作为高科集团首支央企产业链基金，信科产业投资基金总规模50亿元，将为深化央地协同、推动武汉产业高质量发展再添"强引擎"。 经济观察网 程久龙 实习生 雷宇 近期，2025中国5G+工业互联网大会在武汉光谷举办。经济观察网从大会现场获悉，由武汉高科国有控股集团有限公司（以 下简称"武汉高科集团"）参与发起设立的信科产业投资基金完成签约。 信科产业基金由武汉高科集团联合中国信科集团、湖北省铁路基金、武汉基金共同发起设立，依托中国信科集团旗下6家上市公司以及产业链上下游资源， 融合央企产业优势与地方资本效能，服务产业链"补链、延链、强链"。 （经济观察网 程久龙/文） ...

Core Viewpoint - US tech giants, including Apple, Amazon, Cisco, Meta, HP, and Intel, oppose the allocation of the 6 GHz band for mobile services, advocating instead for its use for Wi-Fi services [1][2]. Group 1: Spectrum Allocation and Auction - The US technology companies argue that the technical and commercial readiness for mobile services in the 6 GHz band is not established [2]. - The government has indicated that 400 MHz of frequencies in the 6 GHz band are available for auction, with 300 MHz expected to be available by 2030 and 500 MHz to be delicensed for low power applications, primarily Wi-Fi [5][6]. - Reliance Jio has requested that the entire 1200 MHz spectrum in the 6 GHz band be included in the upcoming auction, despite the government's decision to delicence 500 MHz for low power applications [5][6]. Group 2: Industry Responses and Concerns - Airtel has also requested a deferment of the 6 GHz band auction due to ecosystem readiness challenges, including device availability and network equipment [7]. - Qualcomm supports the deferment, emphasizing the importance of aligning with global standards and safeguarding India's 6G future [8]. - The Cellular Operators Association of India (COAI) opposes the delicensing of the 6 GHz band, arguing that it undermines quality of service and scalability for digital applications [9][10]. Group 3: Implications of Delicensing - COAI warns that delicensing any part of the 6 GHz band could permanently limit its use for licensed mobile broadband services, affecting India's long-term digital capacity [10]. - Concerns are raised that unlicensed Wi-Fi deployments by global OTT players could disadvantage local telecom operators and reduce government revenues [11].

Group 1: TMT Industry Insights - The current market faces multiple uncertainties, leading to a cautious and neutral allocation recommendation for the TMT sector, including telecommunications [1] - The long-term outlook for the TMT industry is positive, driven by trends in 6G, domestic substitution, self-control, and military applications, which are expected to catalyze market opportunities in computing power leasing, satellite communication, and 6G [1] Group 2: Satellite IoT Commercialization - The Ministry of Industry and Information Technology officially launched a two-year commercial trial for satellite IoT services, marking a significant step in China's satellite internet commercial operations [1] - The issuance of satellite internet licenses is anticipated to accelerate the entire industry chain towards large-scale development, with rapid advancements in satellite communication capabilities [1] Group 3: AI Market Dynamics - The AI market is currently experiencing volatility due to uncertainties surrounding application scenarios and geopolitical policies affecting AI chip usage in China [2] - Despite short-term uncertainties, the domestic AI chip localization process is seen as an inevitable trend, with a favorable environment for the development of domestic chips [2] - Companies involved in advanced manufacturing processes and chip architecture upgrades are expected to benefit, including firms like Cambricon and SMIC [2] Group 4: Beneficiary Companies - Beneficiary companies in the AI sector include those involved in computing power expansion, such as ZTE, Unisoc, and various optical device manufacturers [2] - Specific companies mentioned as beneficiaries include: - For switches: ZTE, Unisoc, Shengke Communication, Ruijie Networks - For optical devices: LightSpeed Technology, Huagong Technology, and others [2]

2025年11月24日早盘，A股三大股指集体高开。从盘面上看，6G、光通信、AI应用、BC电池、算力硬 件概念股活跃；锂矿、水产题材回调。截至 09:54，中证A500指数下跌0.09%，成分股方面涨跌互现， 广汽集团10cm涨停，张江高科上涨7.30%，光启技术上涨4.94%；润和软件领跌，江特电机、雅化集团 跟跌。 A500ETF嘉实(159351)紧密跟踪中证A500指数，均衡布局各行业优质核心资产。 没有股票账户的投资者可以通过A500ETF嘉实联接基金(022454)一键布局A股500强。 华泰证券发布A股策略研报称，近期AI叙事起争论、流动性有所收紧、区域扰动构成了市场波动加大的 底色，当前市场调整已初步具备空间感，对应9月下旬市场中枢位或有较强支撑，后续伴随着海外流动 性预期改善、国内资金压力减弱、市场情绪进一步消化，行情走势环境或更加健康。配置上，当前市场 估值接近"合理"中枢，若超调则可适度提升仓位，配置上围绕中期主线、重视安全边际，关注低位内需 消费、国产算力、创新药等，继续持有大金融以降低波动性。 数据显示，截至2025年10月31日，中证A500指数前十大权重股分别为宁德时代、贵州茅台 ...

09:36 海南板块反复活跃，京粮控股快速拉升封板，海南海药、海南高速、康芝药业等纷纷冲高。 09:34 中水渔业盘初拉升涨停，走出7连板。 | 分野 6日 1分 5分 15分 30分 60分 日 周 月 距$ | F9 盘前盘后 晶加 九轮 画线 工用 @ 0 > | | | | | 中水温泉 立即 | | --- | --- | --- | --- | --- | --- | --- | | 16.60 = | 0007980中水流量109:34 位:16:00 图度 1.51110.01%) 均价 10.27 座交量:876 幅交金额 143万 -- 2025/11/24 | | | 图 1 (x (x1 (151 =10,019 | | 000798 24 | | | WindAS8 第138名 | | | SZSE CNY 9:34:06 交易中 | | 如果的使用 不可用 | | 1622 | | F.50% | 图比 | 100,00% 張慶 | | 124749 Wind ESG详版 B Wind The | | | | | #五 | | · 今年 | 124.02% 120日 129.92% ...

Group 1 - The article discusses the potential AI bubble and the implications for the Federal Reserve's interest rate policies, highlighting the uncertainty surrounding rate cuts [2] - It examines the evolution of the real estate market, particularly the direct supply of housing by banks, and its impact on the sector [2] - The article also reflects on the implications of large banks merging with smaller banks, providing insights into the banking sector's future [2] Group 2 - The macroeconomic outlook suggests a stable global economy with a continued cycle of interest rate cuts by the Federal Reserve, emphasizing the shift towards "big fiscal" policies in major economies [5] - It indicates that while China's economy faces short-term pressures, the long-term outlook remains positive, with expectations of a slow bull market in Chinese stocks and a cautious approach to the bond market [5] - The article predicts a long-term upward trend in commodity prices, particularly in the context of a weakening US dollar [5] Group 3 - The discussion on precious metals highlights the fluctuating expectations for Federal Reserve rate cuts and the potential turning point for cyclical demand in gold and silver [7] - It also addresses the structural opportunities in the precious metals market arising from the macroeconomic reordering [7] Group 4 - The focus on AI and large models reveals investment opportunities within the internet and data center industries, emphasizing the growth potential in these sectors [9] - The article identifies five key questions for investors regarding the development trends in AI [9] Group 5 - The report on the technology sector indicates that the AI industry revolution is driving high growth in demand for computing power and hardware, alongside accelerating commercialization in application sectors [11] - It highlights critical growth directions such as 6G, quantum technology, and domestic semiconductor production [11]

丨 2025年11月24日星期一丨 NO.1国家国防科工局成立商业航天司 国家国防科技工业局近期发布2026年度考试录用公务员公告，其中招聘"商业航天司航天监管岗"，这意 味着国家国防科技工业局商业航天司这一机构已成立。对此，中信证券分析认为，该机构的成立将有效 整合多部门相关职能，卫星产业发展有望在更高层面实现统筹协调，商业航天发射审批、卫星运营牌照 发放等关键环节的推进效率也有望进一步提升。 点评：该消息凸显政府对商业航天产业规范发展的重视。从行业趋势看，随着低轨卫星星座、太空经济 等新兴业态崛起，职能整合将打破部门壁垒，促进全链条协同，助力中国在全球航天竞争中抢占先机， 但也需思考如何平衡商业化与安全监管。总体而言，这一举措为产业注入强心针，未来需关注配套细则 的出台与实际执行效果。 NO.2中国半导体行业协会张立：半导体产业正迎来新一轮变革 中国半导体行业协会副理事长兼秘书长、中国电子信息产业发展研究院院长张立11月23日在第二十二届 中国国际半导体博览会开幕式上表示，在人工智能、具身智能、智能网联汽车、量子计算等市场的驱动 下，半导体产业正迎来新一轮变革，对芯片的计算效能、能源效率及可靠性提出了更高 ...

Investment Rating - The industry rating for the defense and military industry is "Recommended" [1] Core Insights - The core of commercial aerospace is satellite applications, which are fundamentally space data services. The integration of satellite applications with technologies like 6G and AI is accelerating, leading to a proliferation of new business experiments [2] - The number of satellite launches is expected to grow by 100%-200% annually during the 14th Five-Year Plan period, driven by advancements in domestic reusable rocket testing [2] - Satellite direct connection for mobile phones and vehicles is anticipated to become mainstream applications in the consumer market, with satellite computing transmission scheduling emerging as a key component in the cloud computing market [2] - The development of satellite internet and satellite IoT is expected to complement each other, addressing communication needs in areas where terrestrial networks are unavailable [3] - By 2030, global satellite IoT connections are projected to exceed 300 million, with the market size potentially reaching the hundred billion dollar level, driven by technological maturity and cost reduction [3] Summary by Sections Event Overview - The launch of commercial trials for satellite IoT services in China aims to enhance market supply and stimulate industry vitality [1] - Huawei's upcoming devices are expected to feature satellite connectivity, marking significant advancements in satellite communication technology [1] Analysis and Judgment - The integration of satellite applications with emerging technologies is leading to innovative business models and applications [2] - The trend of satellite computing is emerging, where satellites will incorporate AI capabilities to enhance their functionality [5] Beneficiary Companies - **Putian Technology**: Involved in the "Three-body Computing Constellation" project, contributing to the development of space-based AI computing [6] - **Hollysys**: A key player in satellite measurement, experiencing rapid growth in commercial aerospace orders [7] - **National Science and Technology Military Industry**: Engaged in solid rocket engine production, transitioning to a comprehensive aerospace business model [7] - **Shanghai Hanyun**: Supplies communication systems for low Earth orbit satellite constellations [8] - **Zhenray Technology**: A core supplier of satellite internet chips and components, with significant revenue expected from satellite communication [9]

南都讯 记者陈栋 11月22日，欧美同学会第四届"双创"大赛新一代信息技术产业赛区决赛在珠海高新区 落下帷幕。本次活动吸引项目代表、归国留学人员代表、企业代表、高校代表、孵化园区、银行及投资 机构等近200人齐聚珠海高新区，共同见证赛事的圆满收官。 珠海是中国第一位留学生容闳的故乡，渴望人才和创新是珠海始终不变的追求。新一代信息技术是珠海 战略性新兴产业的核心支柱，作为首次落地广东珠海的国家级留学人员创新创业赛事，欧美同学会第四 届"双创"大赛自今年4月启动以来，线上关注突破150万人次，成为粤港澳大湾区科技创新的重要平台， 也为留学人才开启"回国创业第一站"提供强力支撑。 珠海高新区为获奖项目提供单个最高100万元的落户奖励，并依托规模超百亿元的珠海发展投资基金， 配套产业扶持与人才住房保障，推动创新成果迅速转化。活动现场，8个优质留学人员项目签署落地意 向，涵盖高端激光器芯片、脑机接口人工视觉、AI神经拟态芯片等前沿方向，与珠海重点产业布局高 度契合。 赛事共吸引510个高水平留学人才项目参赛，覆盖人工智能、具身智能、6G、量子科技等前沿领域。经 过层层选拔，21个项目脱颖而出。获奖项目整体质量亮眼，超9 ...