期货日报网讯（记者 肖佳煊）2月10日，工业和信息化部等五部门办公厅（秘书局、综合局、综合司） 发布《关于加强信息通信业能力建设 支撑低空基础设施发展的实施意见》（简称《实施意见》）。 《实施意见》要求，持续提升信息通信业技术基础能力、产业供给能力、网络支撑能力和安全保障能 力，有序推进低空场景通信网络建设，丰富拓展感知技术手段，辅助提升导航定位精度，支撑建设低空 智能网联系统，为低空经济发展提供坚实基础。 同时，坚持需求牵引、重点突出，以有条件、有需求的低空飞行活动区域为重点，因地制宜推动信息类 基础设施建设与低空应用协同发展。坚持集约复用、多元协同，在充分利用现有公众移动通信设施等基 础上，综合采用地面移动通信、卫星通信与其他通导监技术等多元化技术手段，支撑低空应用发展。坚 持试验先行、稳步推进，围绕关键技术、网络部署、应用适配等加强试验验证，探索形成可复制的解决 方案和经验做法。坚持安全可控、筑牢屏障，将网络、数据和飞行安全保障贯穿于信息类基础设施规 划、建设和运行全过程各环节。到2027年，全国低空公共航路地面移动通信网络覆盖率不低于90%，多 元融合感知方案进一步完善成熟，低空导航服务水平持续提升， ...

● 助力提升导航精准服务水平。充分利用北斗地基增强系统和北斗导航公共服务平台，通过5G等移动 通信网络播发定位增强信息，进一步提高低空航空器定位速度和定位精度。 2月10日，工业和信息化部办公厅、中央网络安全和信息化委员会办公室秘书局、中央空中交通管理委 员会办公室综合局、国家发展和改革委员会办公厅、中国民用航空局综合司发布《关于加强信息通信业 能力建设支撑低空基础设施发展的实施意见》（以下简称《实施意见》）。 《实施意见》指出，低空基础设施是低空经济发展的重要底座。信息通信业具备丰富的网络资源和综合 信息服务能力，能够有效支撑低空通信、监视、导航、智能网联系统等信息类基础设施建设发展，对于 促进低空经济健康有序发展、培育新质生产力具有重要意义。 《实施意见》要求，加强信息通信业和低空装备制造业等协同发展，持续提升信息通信业技术基础能 力、产业供给能力、网络支撑能力和安全保障能力，有序推进低空场景通信网络建设，丰富拓展感知技 术手段，辅助提升导航定位精度，支撑建设低空智能网联系统，为低空经济发展提供坚实基础。 到 2027年，全国低空公共航路地面移动通信网络覆盖率不低于90%，多元融合感知方案进一步完善成熟， ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 《实施意见》指出，低空基础设施是低空经济发展的重要底座。信息通信业具备丰富的网络 资源和综合信息服务能力，能够有效支撑低空通信、监视、导航、智能网联系统等信息类基 础设施建设发展，对于促进低空经济健康有序发展、培育新质生产力具有重要意义。 《实施意见》要求，加强信息通信业和低空装备制造业等协同发展，持续提升信息通信业技 术基础能力、产业供给能力、网络支撑能力和安全保障能力，有序推进低空场景通信网络建 刚刚，又有新利好！ 2月10日，工业和信息化部办公厅、中央网络安全和信息化委员会办公室秘书局、中央空中交 通管理委员会办公室综合局、国家发展和改革委员会办公厅、中国民用航空局综合司发布 《关于加强信息通信业能力建设 支撑低空基础设施发展的实施意见》（以下简称《实施意 见》）。 设，丰富拓展感知技术手段，辅助提升导航定位精度，支撑建设低空智能网联系统，为低空 经济发展提供坚实基础。 到2027年，全国低空公共航路地面移动通信网络覆盖率不低于90%，多元融合感知方案进一 步完善成熟，低空导航服务水平持续提升，研制不少于10项信 ...

Core Viewpoint - The company Zhongci Electronics has confirmed through its subsidiary Guolian Wanzhong that it produces both high and low power GaN (Gallium Nitride) RF chips for communication base stations, indicating a strong focus on the telecommunications sector and its future growth potential [1] Group 1: Product Offering - The GaN RF chips are categorized into two types: high power and low power, covering the chip manufacturing process [1] - The primary clients for these chips include Bowei Company and Guolian Wanzhong, which utilize them in their terminal products [1] Group 2: Expertise and Experience - The core team of the company possesses over 20 years of industry experience, showcasing a wealth of research and application knowledge [1] - The company has a clear plan for product iteration, indicating a strategic approach to development [1] Group 3: Future Development Focus - Future key development areas for the company include base station communications, star network applications, and low-altitude connectivity [1] - Successful case studies have already been established in the areas of 5G-A and star network applications [1]

Core Viewpoint - International Composite (301526) has made significant advancements in its LDK products, which are applicable in aerospace and can meet the high-frequency demands of 5G-A, 6G, and future satellite communications [1] Group 1: Product Development - The company has achieved a key breakthrough in its self-developed low dielectric glass fiber (LDK) technology, breaking the overseas technology monopoly [1] - The continuous improvement in the dielectric performance of this product series is expected to lead the technology towards lower loss and higher frequency applications [1]

汽车零部件分拣、物流调度、厨房操作、超市货架整理……机器人想要下得了厂房、上得了厨房,得经 过专业训练。12月30日,肩负多层战略使命的青岛市人形机器人数据采集训练场正式建成启用,这也是山 东省首个人形机器人训练场。 记者 尚青龙 青岛报道 立足青岛、辐射北方: 树立具身智能领域标杆 青岛人形机器人数据采集训练场占地1500平方米,汇聚全尺寸人形机器人及轮臂式机器人共计31台,年规 划高质量真机数据采集量超100万条。覆盖工业制造、智慧家庭、商业服务三大核心领域,并设置7大真 实场景与28个标准化数据采集工位。 作为立足青岛、辐射北方的关键产业基础设施,该训练场志在树立具身智能领域的区域标杆,通过驱动产 业升级汇聚高端人才,再以持续的人才发展回馈产业创新,促成"产业引领-人才集聚-创新驱动"的良性生 态循环。 网络筑基: 5G-A赋能"全域智连" 青岛训练场的核心亮点在于计划部署5G-A网络技术,并与中国移动、华为成立5G-A具身智能应用场景联 合攻关团队,为机器人实时操控与海量数据回传提供"毫秒级"超低时延与超高可靠通信保障。 场景牵引: 三大领域塑造产业赋能新范式 训练场紧密围绕实体经济的核心需求,以场景 ...

证券研究报告：通信 | 公司点评报告 Q3 业绩企稳，卫星互联网核心地位稳固 事件： 发布时间：2025-12-23 股票投资评级 增持|首次覆盖 公司基本情况 | 最新收盘价（元） | 10.21 | | --- | --- | | 总股本/流通股本（亿股）34.19 / 20.17 | | | 总市值/流通市值（亿元）349 / 206 | | | 52 周内最高/最低价 | 10.21 / 4.88 | | 资产负债率(%) | 53.5% | | 市盈率 | -127.63 | | 第一大股东 | 中国信息通信科技集团 | | 有限公司 | | 研究所 分析师:孙业亮 SAC 登记编号:S1340522110002 Email:sunyeliang@cnpsec.com 分析师:刘聪颖 SAC 登记编号:S1340525100001 Email:liucongying@cnpsec.com 信科移动(688387) 公司发布 2025 年第三季度报告，前三季度实现营收 37.63 亿元， 同比减少 9.25%；实现归母净利润-1.65 亿元。 点评： 投资建议： 预计公司 2025-2027 年 EP ...

Core Insights - The global ICT industry is undergoing a technological race that will shape its landscape for the next decade, with a focus on AI computing power and 6G development in Europe and the US, while emerging markets accelerate digital infrastructure implementation [1] - The year 2025 marks a pivotal point for the ICT industry, transitioning from the "14th Five-Year Plan" to the "15th Five-Year Plan," driven by technological iteration, policy empowerment, and market forces [1][2] - Key technologies such as artificial intelligence, embodied intelligence, low-altitude economy, and satellite internet are moving from conceptual stages to practical applications, becoming essential engines for industrial upgrades and economic vitality [1][2] Technological Developments - Key technologies that gained traction in 2025 include artificial intelligence, low-altitude economy, embodied intelligence, satellite internet, and 5G-A, which have seen significant progress in industrialization, standardization, and ecosystem development [3] - Artificial intelligence has advanced towards deep integration and industry empowerment, with domestic models like DeepSeek achieving breakthroughs in open-source ecosystems and technical iterations, facilitating practical applications across various sectors [3] - The robotics industry is experiencing upgrades towards intelligence and collaboration, with companies like Yushu Technology and Zhiyuan Robotics leading in autonomous core components and breaking the monopoly of foreign brands [3] Economic Contributions - The hot technologies of 2025 are not only driving technological progress but also releasing significant value in economic growth, job creation, and industrial upgrades [6] - Emerging industries are becoming the main growth engine, with the core industry scale of artificial intelligence expected to exceed 1.2 trillion yuan in 2025, and the embodied intelligence market projected to reach 5.295 billion yuan, growing at over 50% [6][7] - The low-altitude economy is anticipated to reach a market size of 1.5 trillion yuan by 2025, with expectations to surpass 2 trillion yuan by 2030, indicating a robust industrial ecosystem [6] Future Outlook - The continued development of ICT technologies will depend on aligning with national strategic deployments, enhancing industrial ecosystem maturity, and ensuring sustainable business models [9][10] - Key technologies such as artificial intelligence, embodied intelligence, low-altitude economy, and satellite internet are expected to be focal points for the ICT industry in 2026 and beyond, aligning with national strategies and market demands [11] - The ICT industry has demonstrated a path of "technological breakthroughs—industrial landing—value transformation," showcasing strong innovation vitality and translating into tangible economic and social benefits [13]

Core Viewpoint - Xiamen Youxun Chip Co., Ltd. has successfully listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with a significant opening day increase of 364.58% from an initial price of 51.66 yuan per share, indicating strong market interest and confidence in the company's growth potential in the optical communication chip sector [1] Group 1: Company Overview - Youxun Chip specializes in the research, design, and sales of optical communication chips, recognized as a "national champion" in China's optical communication industry [1] - The company has developed a comprehensive competitive framework in technology research and development, product layout, supply chain management, product quality control, and customer service [1] Group 2: Market Demand and Financial Performance - The demand for optical communication chips is experiencing explosive growth due to new infrastructure needs such as 5G-A, F5G, and AI computing centers [1] - Revenue is projected to grow from 339 million yuan in 2022 to 411 million yuan in 2024, with 238 million yuan already achieved in the first half of 2025, indicating steady operational expansion [1] Group 3: Technological Capabilities - Youxun Chip has mastered deep sub-micron CMOS and Ge-Si Bi-CMOS dual-process technology, enabling design capabilities for optical communication chips ranging from single-channel 155 Mbps to multi-channel 800 Gbps [2] - The company offers customized chip solutions based on a deep understanding of core products such as laser driver chips, transimpedance amplifier chips, and clock data recovery chips [2] Group 4: Market Position and Future Plans - Youxun Chip's market share in the 10 Gbps and below segment is ranked first in China and second globally, with rapid growth in sales of products above 25 Gbps [2] - The company plans to focus on three high-growth areas: telecom, data centers, and end-user devices, aiming to transition from a "follower" to a "leader" in the global optical communication chip industry [3]

Core Viewpoint - Xiamen Youxun Chip Co., Ltd. (688807.SH) has officially listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board, marking a significant step in China's optical communication core device sector [1] Group 1: Company Overview - Youxun Chip focuses on the research, design, and sales of optical communication chips and is recognized as a "national champion enterprise" in China's optical communication field [1] - The company has achieved a stock price increase of 355% since its IPO, with an issuance price of 51.66 yuan per share and a price-to-earnings ratio of 60.27 [1] Group 2: Market Demand and Growth - The demand for optical communication chips is experiencing explosive growth due to new infrastructure needs such as 5G-A, F5G, and AI computing centers [1] - Youxun Chip's revenue has grown from 339 million yuan in 2022 to 411 million yuan in 2024, with a revenue of 238 million yuan achieved in the first half of 2025, indicating steady business expansion [1] Group 3: Technological Capabilities - The company has developed deep sub-micron CMOS and Ge-Si Bi-CMOS dual-process technology, enabling it to design ultra-high-speed optical communication chips ranging from single-channel 155 Mbps to multi-channel 800 Gbps [2] - Youxun Chip offers customized solutions based on its deep understanding of core optical communication chip products, including laser driver chips, transimpedance amplifier chips, and more [2] Group 4: Market Position and Future Prospects - Youxun Chip's customer base includes major global optical module manufacturers, with increasing penetration of domestic chips in the high-end market [3] - The company holds the leading market share in China and the second position globally for products with speeds of 10 Gbps and below, with rapid growth in sales of products with speeds of 25 Gbps and above [3] - The IPO raised 1.033 billion yuan, which will be invested in the development and industrialization of next-generation access network and high-speed data center chips, as well as projects for automotive chips and 800G optical communication chips [3]