摘要 ： 这是首次在国家层面对政府投资基金的布局和投向作出系统规范。政策将直接引导巨额政府投资基金投向市场难以有效配 置资源的薄弱环节，而技术壁垒高、研发周期长的高端科学仪器行业，正是这类"硬科技"的典型代表。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 1月12日，国家发展改革委、财政部、科技部、工业和信息化部联合发布 《关于加强政府投资基金布局规划和投向指 导的工作办法（试行）》 （以下简称《工作办法》）。 同时，国家发展改革委也同步出台了 《政府投资基金投向评 价管理办法（试行）》 （以下简称《管理办法》）的通知，按照"正面引导与负面约束相结合"的思路，建立覆盖基金 运营管理全过程、定量与定性相结合的投向评价体系，进一步强化政策导向和规范管理。 国家发展改革委相关负责人表示： 这是首次在国家层面对政府投资基金的布局和投向作出系统规范。 《管理办法》特别提到，主要考察基金投向是否符合支持新质生产力发展，支持的投向领域包括：新一代信息技术、新 能源、新材料、高端装备、新能源汽车、绿色环保、民用航空和船舶与海洋工程装备等领域的 新兴领域 ...

Core Viewpoint - Guoyi Quantum has successfully broken the foreign monopoly in high-end scientific instruments and is planning an IPO on the Sci-Tech Innovation Board to support the localization of high-end scientific instruments in China [1]. Group 1: Company Overview - Guoyi Quantum, established in December 2016, is recognized as a national-level specialized and innovative "little giant" enterprise and was included in the list of Chinese unicorn companies in 2024 [5]. - The company focuses on the research and development of high-end scientific instruments, providing essential equipment for quantum technology, materials science, chemical engineering, biomedicine, and advanced manufacturing [10]. - Guoyi Quantum has developed products that have broken the long-standing monopoly of international giants in certain segments of the domestic instrument market, achieving performance metrics that meet or exceed international competitors [10]. Group 2: Leadership and Control - The actual controllers of Guoyi Quantum are He Yu and Rong Xing, who collectively control 34.87% of the voting rights through various indirect holdings [3]. - He Yu, a notable figure from the University of Science and Technology of China (USTC), has held multiple leadership roles and has been recognized with various awards for his contributions to the industry [4]. - Rong Xing, also a USTC alumnus, has a distinguished academic background and has served in various significant positions within the scientific community [4]. Group 3: Financial Performance - Guoyi Quantum's revenue has shown significant growth, with figures of 151.45 million, 400 million, 501 million, and 171 million yuan for the years 2022 to 2025, reflecting year-on-year growth rates of 163.78% and 25.49% for 2023 and 2024 respectively [13]. - Despite the revenue growth, the company has not yet achieved profitability, with net losses reported at -168 million, -169 million, -104 million, and -74 million yuan for the same period [14]. - The company anticipates turning a profit in 2026, contingent on factors such as product strength, market expansion, and cost control [15]. Group 4: Market Position and Competition - The scientific instrument market has been dominated by international firms like Thermo Fisher, Danaher, and Agilent, which have established a strong presence over decades [16]. - Domestic manufacturers, including Guoyi Quantum, are gradually gaining recognition and breaking the monopoly of these international giants through technological advancements [16]. - Guoyi Quantum faces challenges in enhancing brand recognition and overcoming market penetration barriers due to the long-standing dominance of foreign brands [16][17].

央视网消息：12月16日，在广州举行的2025高校科技成果交易会上，"高校区域技术转移转化中心（粤港澳大湾区）"正式启用，这也是教育部继在江苏之 后，建立的第二个高校区域技术转移转化中心。 百亿成果转化基金+载体空间 构筑坚实底座 记者了解到，该中心聚焦生物医药、智能出行、高端科学仪器等重点方向，正在广州和深圳布局建设四个分中心，并计划五年内打造共计64个公共转化平 台，目前已启动建设21个。 打通转化堵点 破解师生创业核心难题 针对高校科技成果从实验室走向市场面临的多重困境，生物医药分中心相关负责人表示，中心致力于构建覆盖全链条的支撑体系，精准解决高校师生创业痛 点。 高校区域技术转移转化中心（粤港澳大湾区）生物医药分中心执行主任 周鹏辉：高校老师技术转移转化经费的来源、转化平台成体系的支撑，以及专业化 团队帮助他去转化设计的这三个方向，我们做全了。另外我们还有科技商学院专门来培训这些老师，让他知道怎么去运行一个企业，怎么去研发一个产品， 从原来纯粹的科研型探索，转化成一个企业型的模式。高校的项目转化出来，高校对于这个项目赋权的权值等，我们在做一些探索性的方案，高校师生创业 担心的问题，我们通过整个全链条给 ...

此外，还有10个项目20位嘉宾现场签约产学研合作及科技成果转化重大落地项目。 采写：南都N视频记者 孙小鹏 王诗琪 马强 粤港澳大湾区 南都N视频记者还了解到，人工智能开放联盟成立。该联盟理事长、清华大学校长李路明介绍，联盟下 设五个专业委员会，分别由五所高校牵头：清华大学牵头赋能教育、北京大学牵头赋能科研、上海交通 大学牵头基础工程、香港中文大学牵头伦理与治理、香港科技大学牵头国际交流。 现场还举行了生命科学开放联盟与生物医药区域技术转移转化中心（广东广州）、生物医药区域技术转 移转化中心（江苏南京）、生物医药区域技术转移转化中心（江苏苏州）合作协议签署仪式。据悉，生 命科学开放联盟于2025年在香港成立，由内地与港澳15家高水平高校和科研机构共同发起，为生命科学 领域的技术发展、人才领域、产业创新和国际合作拓展新空间，预计2026年完成基本建设。 南都讯 12月16日，2025高校科技成果交易会全体会议在广州举行。会上，高校区域技术转移转化中心 （粤港澳大湾区）正式揭牌成立。 据了解，高校区域技术转移转化中心（粤港澳大湾区）于今年4月获教育部批复设立。在广东的四个中 心分别是：生物医药区域技术转移转化中心 ...

资料显示，贺羽1992年出生，中国科学技术大学博士研究生，21岁开始工作，2013年7月至2016年6月，任合肥市格物 电子科技有限公司总经理；2016年12月至2021年4月，任公司董事、总经理；2021年5月至今，任公司董事长、总经 理。 荣星1983年出生，中国科学技术大学博士研究生。2011年9月至今，历任中国科学技术大学博士后、特任研究员、物理 学院副院长（挂职）、教授；2016年11月至今，任合肥司坤执行事务合伙人；2016年12月至2021年5月，任公司董事 长；2021年5月至今，任公司董事；目前兼任浙江省高端科学仪器研制与应用重点实验室主任、浙江大学兼职教授。 董监高薪酬方面，董事长、总经理贺羽薪酬处于较低水平，董事荣星不在公司领取薪酬。 具体来看，董事长、总经理贺羽2024年薪酬69.28万元，董事、副总经理张伟薪酬172.73万元，董事、副总经理、其他 核心人员冯泽东薪酬83.37万元，监事贺成芬薪酬78.78万元，副总经理、其他核心人员曹峰薪酬232.26万元，董事会秘 书苏静东薪酬77.08万元，财务负责人李权刚薪酬101.92万元，其他核心人员石致富薪酬75.82万元。 挖贝网 1 ...

Core Viewpoint - Guoyi Quantum Technology (Hefei) Co., Ltd. is planning to go public on the Sci-Tech Innovation Board, with rapid revenue growth but has not yet achieved profitability [1][4]. Group 1: Company Overview - Guoyi Quantum was established in 2016 and focuses on the research and development of high-end scientific instruments, providing essential equipment and solutions for quantum technology, materials science, chemical engineering, biomedical fields, and more [2]. - The company's actual controllers are He Yu and Rong Xing, who indirectly control 34.87% of the voting rights through various entities [2]. Group 2: Financial Performance - The company has shown significant revenue growth, with a compound annual growth rate (CAGR) of 81.94% from 2022 to 2024, although it has incurred losses during this period [4][7]. - Revenue figures for the years 2022 to 2025 (first half) are as follows: 151.50 million, 399.62 million, 501.47 million, and 171.21 million [4]. - The company expects to narrow its net profit loss significantly by 2025 and potentially achieve profitability by 2026 [7]. Group 3: Customer Base and Market Challenges - The customer base is relatively dispersed, with the top five customers contributing a decreasing percentage of total revenue from 26.62% in 2022 to 13.41% in the first half of 2025 [8][11]. - The high unit price and long lifespan of the products (5 to 10 years) result in low short-term repurchase rates from the same customers, complicating market expansion and customer maintenance [11]. - The industry is highly competitive, with established international firms holding significant market share, posing challenges for Guoyi Quantum in terms of brand recognition and product performance [11].

今年4月，全国高校区域技术转移转化中心（粤港澳大湾区）获教育部批复同意启动建设。此后，广州 全力推进全国高校区域技术转移转化中心（粤港澳大湾区）的生物医药、智能出行、高端科学仪器三个 分中心建设。据悉，2025科交会上，上述三个分中心将正式揭牌。日前，记者对三个分中心的建设进展 进行了采访。 位于广州黄埔区禾信质谱产业化基地的全国高校高端科学仪器区域技术转移转化中心。图为嵌入式 Linux控制及FPGA数据控制采集系统。 智能出行分中心： 打造智能出行成果转化的"最强能级枢纽" 经教育部批准，今年4月，全国高校区域技术转移转化中心（粤港澳大湾区）陆空一体化智能出行分中 心（以下简称智能出行分中心）落地广州大学城。日前，记者走进智能出行分中心，采访了该分中心的 执行主任戴青云。 从"实验室"到"产业端"的"高速公路" 破解高端科学仪器"卡脖子"难题 "我们要紧扣高端科学仪器这个方向，解决目前高校科技成果转化率低的问题，让国内高校沉淀了几十 年的科技成果，迅速转化为新质生产力。"全国高校高端科学仪器区域技术转移转化中心（粤港澳大湾 区·广州）（以下简称"中心"）执行主任周振教授介绍，"中心立足全国，面向高校与企业 ...

Financing Overview - A total of 99 financing events occurred in the tech industry from December 6 to December 12, 2025, with 81 events in China and 18 abroad[9] - The leading sectors in domestic financing were advanced manufacturing (44 events), artificial intelligence (23 events), and automotive transportation (5 events)[9] IPO and Prospectus Submissions - Wisdom Tree was listed on the Hong Kong Stock Exchange on December 8, 2025[12] - Fast Innovation submitted a prospectus for a proposed listing on the Hong Kong main board[14] - National Instrument Quantum and Precision Laser submitted prospectuses for listings on the Shanghai STAR Market[16][19] Market Performance - The Shanghai Composite Index fell by 0.34% to 3889 points, while the Shenzhen Component Index rose by 0.84% to 13258 points, and the ChiNext Index increased by 2.74% to 3194 points[21] - The semiconductor index rose by 2.84%, automotive electronics by 1.82%, artificial intelligence by 0.45%, and the metaverse index by 1.58%[21] Valuation Metrics - The PE ratios for the semiconductor, automotive electronics, artificial intelligence, and metaverse indices were 130.50, 37.94, 72.67, and 51.63, respectively, reflecting week-on-week increases of 2.5%, 1.5%, 0.8%, and 1.7%[25] - The PB ratios for the same indices were 6.34, 3.87, 7.51, and 5.56, with week-on-week increases of 2.5%, 1.4%, 0.9%, and 1.7%[27] Risk Factors - Market competition risk exists due to rapid growth in key sectors like semiconductors and AI, potentially intensifying competition[28] - Risks related to technological advancements not meeting expectations could hinder sector growth[29] - Market demand growth may fall short of expectations, impacting overall sector development[30]

每经记者｜杨建 每经编辑｜彭水萍 （一）重要市场新闻 3、2025"智联·未来"脑机接口国际会议暨第二届中国脑机智能大会将于12月11日至12日举行。会上，将 举行浙江省脑机接口重大科技专项与创新联合体启动仪式。启动浙江省脑机接口重大科技专项与创新联 合体，集聚产学研用多方力量，系统攻关关键核心技术，打造具有国际竞争力的脑机接口产业集群；同 时，举行ISO/IEC JTC 1/SC 43脑机接口立项国际标准启动仪式。ISO/IEC JTC 1/SC 43 脑机接口立项国 际标准正式启动，脑机接口技术全面进入国际标准制定阶段，有助于加快构建全球统一的技术规范与评 价体系，推动该领域健康、有序发展。 点评：脑机接口下游应用市场潜力大，全球脑机接口医疗应用市场规模有望在2030年达到400亿美元， 2040年达到1450亿美元。脑机接口技术在医疗健康领域展现巨大潜力，为庞大的神经系统疾病患者群体 带来了新的治疗希望和康复途径。尤其是针对肢体运动障碍、意识与认知障碍、癫痫和精神性疾病等的 治疗和康复，脑机接口技术取得重要突破和长足进展。概念股包括中科信息、冠昊生物、爱朋医疗等。 （三）避雷针 阳光乳业：公司发布公告， ...

Core Viewpoint - The launch of the first domestic tabletop extreme ultraviolet (EUV) absorption spectrometer by Guokai Optical Technology marks a significant breakthrough in China's high-end scientific instrument sector, enhancing the country's capabilities in key detection technologies [1][2]. Group 1: Product Features and Advantages - The new instrument utilizes laser plasma technology to achieve a breakthrough in high-brightness short-wavelength light sources, offering advantages such as scalability, compact size, and lower costs [2]. - It serves as a beneficial complement to traditional synchrotron radiation large scientific facilities, potentially providing new technological means for the development of strategic emerging industries like new materials and new energy [2]. Group 2: Industrial Applications - The instrument not only supports the advancement of cutting-edge scientific research but also integrates high-precision EUV detection technology directly into industrial production lines, addressing core detection challenges in advanced manufacturing [3].