在日前举办的2025企业科技创新发展论坛上，长城战略咨询发布了《GEI中国潜在独角兽企业研究报告 2025》。报告显示，我国潜在独角兽企业群体发展呈现出数量持续增长、前沿科技主导、资本人才汇聚 等鲜明特征。 潜在独角兽企业是独角兽企业的"后备军"。截至2024年底，中国潜在独角兽企业总量达816家，其中新 晋255家。从结构看，成立5年内、估值达1亿美元的企业有547家，占比67%；成立5-9年、估值达5亿美 元的企业有269家，占比33%。17家潜在独角兽企业"晋级毕业"，其中14家成长为独角兽企业，3家在港 交所成功上市。 近六年，潜在独角兽企业数量从296家增至816家，总量增长约1.8倍，新晋企业每年保持在200家以上， 累计入榜企业近1700家，形成了庞大且优质的科创企业储备池。 产业型大企业孵化力度持续增强。83家产业型大企业孵化95家潜在独角兽企业，较上年增加12家，其中 近三成孵化主体为央国企，TCL、吉利集团、药明康德（603259）等企业均孵化两家以上潜在独角兽企 业。新经济平台企业同样发挥重要作用，15家平台企业合计投资孵化147家潜在独角兽企业。 创始人群体呈现"高知、名校"特征，大企 ...

会议认为，资本市场在经济运行中的财富效应与预期管理作用十分关键。股市稳健运行有助于提升居民 财产性收入，增强消费能力和消费信心，从而对扩大内需形成正向拉动，成为经济复苏过程中不可忽视 的重要力量。在此背景下，资本市场若能实现平稳健康发展，将进一步强化经济循环的良性机制。 在对明年的经济工作部署方面，会议提出要继续把扩大内需作为重点方向，通过提振消费专项行动、城 乡居民增收计划以及相关政策优化，进一步增强消费对经济增长的贡献。创新驱动仍被视为经济发展的 核心动力之一。会议提出要加快培育壮大新动能，建设北京、上海和粤港澳大湾区国际科技创新中心， 大力发展新质生产力。这些部署对于人工智能、固态电池、生物医药、深海经济等新兴领域都具有重要 的指导意义，科技产业也因此有望继续成为2026年的关键发展方向，并在资本市场中保持较高的关注 度。 在结构改革方面，会议强调要深化改革攻坚，提升高质量发展的动力与活力。对于产能过剩较为突出的 行业，将继续推进去产能和行业结构优化，以促进光伏、算力、汽车、锂电池等产业的高质量发展。在 扩大高水平开放方面，会议提出要推动制度型开放，扩大服务业自主开放空间，优化自由贸易试验区布 局，扎实 ...

Core Insights - Hangyang Co., Ltd. has been deeply involved in the CCUS (Carbon Capture, Utilization, and Storage) field for many years, developing scalable CO2 capture and food-grade CO2 production technologies, while also keeping an eye on emerging sectors [1] - The company is strategically positioned to support China's 14th Five-Year Plan, which emphasizes the development of strategic emerging industries, including biomanufacturing and quantum technology [1] - Hangyang is leveraging its dual-engine strategy of "air separation equipment + gas business" to drive technological upgrades and enhance the industrial ecosystem [1][5] CCUS and Hydrogen Energy - The company has established a comprehensive hydrogen energy business, focusing on hydrogen production, purification, storage, and transportation, and has initiated a project in collaboration with Longze Energy and Shanghai Hydrogen Feng to produce high-purity hydrogen for fuel cell vehicles [2] - The project will have a capacity of 2825 Nm³/h for hydrogen production from coke oven gas, contributing to the development of a clean, low-carbon hydrogen energy system [2] Aerospace Industry Engagement - Hangyang has a long-standing relationship with China's aerospace industry, having been a key supplier of liquid oxygen equipment since the 1950s, and continues to provide critical products and technologies for space missions [3] - The company recently won a bid for a large liquid oxygen tank construction project at a launch site, enhancing the storage capacity and efficiency for aerospace operations [3] Nuclear Fusion and Advanced Manufacturing - The nuclear fusion market is projected to grow significantly, with estimates suggesting a market size of approximately $361.56 billion by 2025 and over $647.5 billion by 2035, indicating a strong future for this energy source [3] - Hangyang's recent success in winning a bid for a low-temperature nitrogen system project in the nuclear fusion sector highlights its growing capabilities and recognition in this field [4] Semiconductor and Specialty Gases - The company has expanded its presence in the semiconductor and specialty gases market through acquisitions, enhancing its competitive edge in high-end gas products [4] - Hangyang's helium products are widely used in advanced manufacturing sectors, including semiconductors and aerospace, and it has secured contracts to supply critical gases for major semiconductor projects [4]