减排需求从未像现在这样迫切。若要避免气候变化造成的最严重影响，全球年排放量必须开始下 降。那么，中国是如何实现这一目标的呢？ 新加坡《商业时报》7月9日文章，原题：最新报告：中国加快推动可再生能源发展热潮 一份9日发 布的报告称，中国正在加快开展其创纪录的可再生能源行动，今年新增的风电和太阳能发电装机容量将 增至去年的1.5倍，占全球在建装机容量的3/4。中国是可再生能源领域的全球引领者，新增装机容量的 速度超过任何其他国家。 根据总部位于美国的"全球能源监测"（GEM）组织发布的这份报告，仅今年一年，中国将要建设 的公用事业规模风电和太阳能发电装机容量就高达510吉瓦，较去年同期增加57%，而去年中国的新增 装机容量就远超排名其后的其他国家。 在该报告发布前，另一组研究人员曾在今年5月表示，尽管中国的电力需求迅猛增长，但得益于可 再生能源和核能发电装机容量激增，中国的碳排放量在今年第一季度实现下降。中国寻求将自身定位为 应对气候变化的全球领军者之一，而其主要竞争对手美国则选择退出全球合作行动。（丁雨晴译） 英国广播公司7月9日文章，原题：中国的碳排放量可能正在下降——以下是您应该了解的信息 随 着世界各国竞 ...

1.今年上半年相关企业注册量同比增长36.58% 企查查数据显示，国内现存人工智能相关企业230.13万家。近十年相关企业注册量呈显著增长态势， 2024年全年注册53.96万家，截至目前，今年已注册36.6万家相关企业，其中前6月注册34.69万家，同比 增长36.58%。 （原标题：我国将倡导全球人工智能开源合作！上半年相关企业注册增长36.58%） 据媒体报道，7月10日上午上海市政府举行2025世界人工智能大会暨人工智能全球治理高级别会议新闻 发布会，工信部科技司副司长杜广达表示，我们将积极倡导全球人工智能的开源合作。为进一步推动全 球共建开源生态，我们将推动中国—金砖国家人工智能发展与合作中心，联合开放原子开源基金会、中 国开发者网络、开源中国等机构，在大会上发布《国际人工智能开源合作倡议》。 企查查数据显示，国内现存人工智能相关企业230.13万家。从经营时间来看，成立年限在1-3年的相关 现存企业最多，占比35.41%。从国标行业来看，人工智能相关企业多分布在信息传输、软件和信息技 术服务业，科学研究和技术服务业，分别占比29.88%、29.70%。从注册量来看，近十年相关企业注册 量呈显著增长 ...

Company Overview - Megatech Technology Co., Ltd. submitted its prospectus to the Hong Kong Stock Exchange for an IPO, with Morgan Stanley, Huatai International, Deutsche Bank, and Jianyin International as joint sponsors [1] - Founded in 2016, Megatech is a leading provider of autonomous intelligent systems in China's robotics application sector, valued at over 10 billion [1][3] - The company has completed nine rounds of financing prior to the IPO submission [1] Financial Performance - Revenue is projected to grow from 455 million yuan in 2022 to 930 million yuan in 2024, with a compound annual growth rate (CAGR) of 43.0% [2] - The smart laboratory business is expected to increase from 161 million yuan in 2023 to 295 million yuan in 2024, a year-on-year growth of 83.0% [2] - The intelligent manufacturing business is anticipated to rise from 502 million yuan in 2023 to 635 million yuan in 2024, a year-on-year growth of 26.5% [2] - Despite revenue growth, the company has incurred cumulative losses exceeding 2.2 billion yuan from 2022 to 2024, with an adjusted net loss margin improving from 71.2% in 2022 to 46.3% in 2024 [2] Financing History - The company completed its angel round of financing in June 2017, followed by a series of funding rounds, including a $65 million Series B round led by WuXi AppTec in May 2021 [3] - As of the prospectus submission, Megatech has completed eight rounds of financing with a strong shareholder base, including notable investment firms and industry giants [3] - The company achieved a valuation exceeding $1 billion after its Series C financing in 2022, entering the "unicorn" category [3] Core Business Segments - Megatech focuses on autonomous intelligent systems, with two main business segments: smart laboratories and intelligent manufacturing [4] - In the smart laboratory sector, the company offers comprehensive services for the life sciences industry, enhancing automation and efficiency through proprietary intelligent systems [4] - The intelligent manufacturing segment, supported by partnerships with industrial giants, targets high-end manufacturing sectors, contributing significantly to revenue growth [4] Industry Trends - The global autonomous intelligent systems robotics market is experiencing rapid growth, projected to expand from 31.8 billion yuan in 2020 to 114.3 billion yuan in 2024, with a CAGR of 37% [5] - The Chinese robotics industry is entering a phase of technological innovation and large-scale application, with significant demand for high-end talent in the field [5] - Government policies are encouraging increased R&D investment in intelligent robotics, positioning the sector as a strategic emerging industry [5] Use of IPO Proceeds - The funds raised from the IPO are intended for technology and product R&D, capacity expansion, sales network enhancement, and brand building [6][7] - The company also aims to seek strategic alliances and investment opportunities through the proceeds [7]

Group 1 - The current geopolitical situation is prompting countries to seek new foreign direct investment (FDI) opportunities and cross-border trade relationships, with China positioned to fill this gap [2] - While the overseas expansion of Chinese companies may not become easier, conditions have improved compared to one or two years ago, necessitating cautious strategic planning and clear corporate narratives [2] - There is a strong momentum in China's business and innovation ecosystem, as observed by industry leaders at events like the Summer Davos [2] Group 2 - Many Chinese companies are now positioned higher in the industrial value chain and are producing some of the most innovative products, particularly in electric vehicles and clean technology [3] - The urgent challenge for Chinese companies is to effectively showcase themselves to the world, ensuring a clear strategic narrative that defines who they are, what products they offer, and how they benefit local markets [3]

2025 年 07 月 10 日 jianyuhan@kysec.cn 证书编号：S0790525050005 当前次新股之风再起 自 2024 年 9 月起，次新股开始重新占优。万得次新股指数从创立至今，行情走势分 为两段：第一段 2018 年 5 月至 2021 年 12 月，指数相对走势大幅上涨，累计涨幅 2735.00%；第二段 2022 年 1 月至今，相对走势呈现宽幅震荡格局，表现为先上涨、 后下跌，再上涨；但自 2024 年 9 月至今，次新股开始重新占优，相对走势触底后中 枢大幅抬升，呈向上趋势。 基金在次新股上的持仓较少，拥挤度低，未来存在较大提升空间。根据基金重仓股 的上市时长分析，基金在次新股上存在欠配，表现为"关注但仓位轻"，其中有未解 禁的原因。一旦股票的上市时长从 3 年提升至 6 年，次新股的商业模式得到认可和 时间考验，基金对其的关注度和仓位大幅提升。 经济信心提升下，次新股扬帆起航 策略研究团队 ——投资策略专题 韦冀星（分析师） 简宇涵（分析师） weijixing@kysec.cn 证书编号：S0790524030002 次新股何时占优——相对经济信心的提升带来的风偏上行 ...

京北方（002987）今日跌7.11%，成交额41.24亿元，换手率19.07%，盘后龙虎榜数据显示，深股通专用 席位买入2.91亿元并卖出2.19亿元，2家机构专用席位净买入1.11亿元。 ...

在Web3时代的浪潮中，"现实资产如何数字化"成为推动全球产业变革的核心议题。未来云启，正以RWA(现实世 界资产)与AGI(通用人工智能)为双轮驱动，重构企业价值闭环，打造通往可信金融与智能商业的新底座。 01 中小企业的关键之问：为何必须进入RWA+AGI时代？ 在传统经济体系中，中小企业始终面临一道难以逾越的"融资天堑"——资产虽有，价值难证；项目虽优，却止步 于门槛之外。融资难、周期长、流动性差，已成为制约企业创新与成长的核心瓶颈。 一方面，传统金融体系依赖抵押与信用评估，对底层真实资产的识别能力有限，致使众多高潜力企业被拒之门 外；另一方面，企业资产形态多样、数据孤岛林立，缺乏标准化机制与透明化结构，难以实现有效拆分与公开交 易。 更为根本的，是信息不对称与信任缺位。资产的价值往往被低估，融资者与投资者之间缺乏共同语言，资金无法 精准匹配到真实需求场景，企业发展动力就此被扼杀在源头。 它不仅重构资产的数字身份，更在信任与流动之间搭建起桥梁，让企业的每一份真实价值，都有机会被世界看 见、被资本理解、被市场激活。这是一次从根基开始的结构重构，更是中小企业走向"被看见、被投资、被释 放"的时代通道。 02 ...

央视网消息：核聚变、量子信息、深空探测……在国内，这些前沿关键词聚集在了一个地方——安徽。"十四五"期间，安徽的重大科技基础设 施建设迎来了快速发展期，重大原创科技成果竞相涌现。 在安徽合肥聚变堆园区，这里每座建筑都是一个巨大的实验室，里面分别在测试安装"人造太阳"的不同关键部件。这个实验室最明显的是这座 半圆形的装置，看起来非常像一个"橘子瓣"，它的学名叫作聚变堆主机八分之一真空室及总装平台。目前，这里正在进行偏滤器部件和遥操作 系统的集成测试，将进一步验证这个总装平台的综合能力。 所谓人造太阳，是模仿太阳的原理，让氢原子在超高温高压下碰撞融合释放出巨大能量。每一升海水里面提取的氢的同位素氘，经过聚变反 应，就能释放出相当于300升汽油的能量，而且生成物是氦气和水，没有任何废物和放射性元素，是未来的理想能源。 中国科学院合肥物质院等离子体物理研究所团委书记叶华龙介绍，园区在2022年3月份投入使用，19个子系统建设进程全面加快，预计到年底 会基本建成。 要建设"人造太阳"就要有极其特殊的技术和装备。这个园区建成后，将是国际聚变领域参数最高、功能最完备的综合性研究及测试平台。这里 测试成功的装备，将用于园区旁 ...

Core Points - The third National Postdoctoral Innovation and Entrepreneurship Competition's Beijing preliminary round has commenced, featuring 327 high-quality projects, a 48.6% increase from last year [1][3][4] - The competition aims to select 28 projects to form the Beijing representative team for the national semi-finals and finals [1][3] Group 1: Competition Overview - The National Postdoctoral Innovation and Entrepreneurship Competition is the largest and most comprehensive national event since the implementation of the postdoctoral system in China [3] - Awards include gold, silver, bronze, and excellence prizes, with monetary rewards of 100,000 yuan for gold, 50,000 yuan for silver, and 20,000 yuan for bronze [3] - The Beijing preliminary round is specifically organized to select outstanding projects and talents from the region [3] Group 2: Project Categories and Participation - The preliminary round is divided into two categories: innovation and entrepreneurship, covering seven tracks including new generation information technology, high-end equipment manufacturing, and biomedicine [4] - A total of 302 projects are in the innovation category, while 25 projects are in the entrepreneurship category [4] - Currently, there are 749 postdoctoral workstations in Beijing, covering all disciplines except military science, and supporting high-tech enterprises [4] Group 3: Impact and Talent Development - Over 2,200 postdoctoral researchers are currently stationed, with more than 8,000 having entered and 5,000 having exited the program [4] - Postdoctoral talents play a crucial role in addressing major national strategic needs and overcoming critical technological challenges in various industries [4]

Core Insights - The article highlights the rapid development of major scientific infrastructure in Anhui during the 14th Five-Year Plan period, focusing on cutting-edge technologies such as nuclear fusion, quantum information, and deep space exploration [1][10]. Group 1: Major Scientific Achievements - The Anhui Hefei fusion reactor park is home to various laboratories working on key components for the "artificial sun," with significant progress in the integration testing of components [1][3]. - The "artificial sun" mimics the sun's principles, where hydrogen atoms fuse under extreme conditions, releasing energy equivalent to 300 liters of gasoline from one liter of seawater [5][7]. - The park aims to be the most advanced and comprehensive research and testing platform in the international fusion field, with the compact fusion energy experimental device BEST expected to be completed by the end of 2027 [7][8]. Group 2: Industry Chain Development - The construction of controllable nuclear fusion projects is accelerating, driving the development of the entire industry chain from materials to key components and systems [15][17]. - A preliminary estimate suggests that an investment of 10 billion yuan in controllable nuclear fusion could lead to an industry chain upgrade worth 100 billion yuan, highlighting its potential impact on the national industrial system [17]. Group 3: Technology Transfer Challenges - Despite the rapid development of new technologies, transferring these innovations from the laboratory to the market remains challenging [18][20]. - The Anhui government has established a Scene Innovation Promotion Office to address the issue of insufficient application scenarios for technology transfer, facilitating connections between large enterprises and small tech firms [26][28]. Group 4: Funding and Support Mechanisms - Anhui has set up a technology achievement transformation guidance fund, with 18 sub-funds established by mid-2025, investing nearly 2.4 billion yuan in 137 projects, some of which have successfully gone public [30][32]. - The province also hosts technology innovation achievement transformation fairs, with over 1,800 participating companies and more than 400 projects launched, involving over 26 billion yuan in funding [32].