今日关注 深圳市发布《深圳市推动并购重组高质量发展行动方案（2025—2027年）》，力争到2027年底，辖区上 市公司质量全面提升，境内外上市公司总市值突破20万亿元，培育形成千亿级市值企业20家。 3、港交所行政总裁陈翊庭指出，正与沪深交易所就沪深港通纳入REITs、引入大宗交易机制以及人民 币柜台纳入港股通等项目进行紧密合作，希望可以尽快落实。 4、高盛最新研报认为，中国股市的投资逻辑正在发生根本性转变，市场已进入一个更持久、波动性更 低的"慢牛"阶段。在盈利增长和估值修复的双重驱动下，到2027年底，包括A股和H股在内的中国关键 股指有约30%的上涨潜力。 5、近期，上市公司及公募基金三季报披露了多位知名基金经理的调仓路径。在结构化行情极致演绎的 三季度，这些基金经理积极出手调仓换股。部分基金经理表示，中国权益市场长期稳健向好的态势日渐 明朗，海外扰动因素出现边际改善，美元流动性有望迎来拐点，会对中国股票市场的流动性带来更大的 提升。不过，四季度宏观事件的影响仍有不确定性，成长板块将表现出较大的波动性。 宏观经济 1、据商务部官网，10月21日，商务部部长王文涛会见空客公司首席执行官傅里。双方就空客对 ...

Core Points - Airbus has launched its second A320 assembly line in Tianjin, China, with full operations expected by early 2026, indicating a commitment to expanding its local supply chain despite geopolitical challenges [1][3] - The new assembly line will double Airbus's production capacity in China, contributing to the anticipated demand for 9,500 aircraft in the Chinese market over the next 20 years, which represents about 20% of global demand [3][4] - The A320 series has surpassed the Boeing 737 in total deliveries, becoming the best-selling commercial aircraft, despite being launched 20 years later [3] Summary by Sections Production Capacity - The second assembly line in Tianjin will enhance Airbus's production capacity, allowing for a total of 10 assembly lines globally, with 2 located in Tianjin [3] - The new facility will utilize the latest technology and processes, adhering to Airbus's highest global standards [3] Market Demand - The Chinese aviation market is experiencing continuous growth, with a projected demand for 9,500 aircraft over the next two decades [3] - By the end of this year, Airbus's total assembly volume in China is expected to exceed 800 aircraft [3] Geopolitical Context - Airbus acknowledges the complexities of the current global landscape, including trends of de-globalization, and emphasizes the importance of reliable partnerships [4] - The establishment of the Tianjin assembly line is seen as a strategic move to strengthen Airbus's resilience against external challenges [4]

Core Points - Airbus has officially launched its second A320 series aircraft assembly line in Tianjin, China, on October 22, with full operations expected by early 2026 [1] - The new assembly line will utilize Airbus's latest technology and processes, adhering to the highest global standards for aircraft production [1] - The facility will incorporate renewable energy sources, including renewable electricity, reclaimed water, and geothermal energy, to support the company's sustainability goals [1] Company Overview - The Tianjin assembly line was first established in 2008 and is Airbus's first civil aircraft production line outside of Europe [1] - To date, the Tianjin assembly line has assembled and delivered over 780 A320 series aircraft [1]

Core Points - Airbus has launched its second A320 series aircraft assembly line in Tianjin, China, marking a significant expansion in its production capabilities in Asia [2] - The new facility covers approximately 300,000 square meters and includes 13 individual buildings such as assembly plants, paint shops, and final assembly hangars [2] - Since the establishment of its first assembly line outside Europe in Tianjin in September 2008, Airbus has assembled and delivered over 780 A320 series aircraft [2]

Core Points - Airbus has launched its second A320 series aircraft assembly line in Tianjin, China, marking a significant expansion in its production capabilities in Asia [2] - The new assembly line covers an area of approximately 300,000 square meters and includes 13 individual buildings such as assembly plants, paint shops, and final assembly hangars [2] - Since the establishment of its first assembly line outside Europe in Tianjin in September 2008, Airbus has assembled and delivered over 780 A320 series aircraft [2]

Group 1 - The "14th Five-Year Plan" has shifted focus towards "security and development," emphasizing the need for technological self-reliance and expanding domestic demand due to economic slowdown and intensified competition [5][17][20] - The "15th Five-Year Plan" is expected to prioritize technological innovation, consumer stimulation, and deepening reforms and opening up, with a strong emphasis on high-quality development driven by intelligent manufacturing and green transformation [27][29] - The capital investment structure is anticipated to shift towards strategic emerging industries, with a focus on artificial intelligence, new energy, and biomedicine, aiming to enhance production efficiency and support domestic consumption [10][20][29] Group 2 - The report indicates that the impact of the "15th Five-Year Plan" on A-share market trends is likely to be limited, but it may reinforce the technology sector as a key investment theme [29][30] - Industries that may benefit from the "15th Five-Year Plan" include those related to technological self-reliance, modern industrial system construction, and green low-carbon transformation, such as computer, electronics, and renewable energy sectors [29][30] - The report highlights that the focus on consumer stimulation and social welfare will likely drive investments in sectors like innovative pharmaceuticals and new consumption patterns, which are crucial for expanding domestic demand [10][20][29]

Group 1: Apple Developments - Apple's large-screen foldable iPad project faces technical bottlenecks, potentially delaying its launch to 2029 or later, originally planned for 2028, with an estimated price of around $3000 [1] - Apple is collaborating with Samsung Display to develop an 18-inch display panel that minimizes folding marks, which is a crucial part of its innovation strategy [1] - Apple has reportedly reduced production orders for the iPhone Air [4] Group 2: Charter Communications - Charter Communications plans to lay off nearly 1200 employees, which is over 1% of its workforce of 95,000, affecting internal corporate management positions while sales and service roles remain unaffected [2] Group 3: Mercedes-Benz - Mercedes-Benz is implementing its largest-ever layoff plan, targeting 30,000 employees, with around 4000 already accepting severance packages, including senior management receiving up to €500,000 in compensation [3] Group 4: Coca-Cola and Sugar Supply - Coca-Cola is facing supply chain challenges in its initiative to use American cane sugar for its products, limiting the scale of its rollout due to insufficient sugar supply and production capacity [3] Group 5: Airbus - Airbus has officially launched its second A320 series aircraft assembly line in Tianjin, with the new facility expected to be fully operational by early 2026 [5] Group 6: Huawei - Huawei announced that the number of devices running HarmonyOS 5 has surpassed 23 million, with upgrades to HarmonyOS 6 starting for over 90 models from October 22 [6] Group 7: Cainiao and Taobao - Cainiao is joining Taobao's flash purchase business, providing same-hour delivery services in select cities, with plans to expand to more key cities and cover various product categories [7] Group 8: New Product Launch - Songyan Power has released a new high-performance humanoid robot, Bumi, priced starting at 9998 yuan, marking a significant entry into the affordable humanoid robot market [8] Group 9: Nvidia Competitor - Axelira, a competitor to Nvidia, has launched the Europa chip, aiming to challenge Nvidia's dominance in the AI chip market [9] Group 10: Investment Activity - BlackRock has invested over $3 billion in Meta Platforms' $27 billion private debt financing for a data center project in Louisiana, becoming one of the largest investors [10] Group 11: Shenzhen Market Goals - Shenzhen aims to exceed a total market value of 20 trillion yuan for listed companies by the end of 2027, with plans to cultivate 20 companies with a market value of over 100 billion yuan [12]

Core Insights - The company has completed the layout of general aviation, eVTOL, and drone products after acquiring core assets of Volocopter GmbH [1] - The company is currently advancing the airworthiness certification for certain eVTOL models to achieve commercial operation as soon as possible [1] Company Developments - The integration of Volocopter GmbH's assets has enabled the company to establish a multi-scenario aircraft product lineup [1] - The focus on obtaining type certification (TC) for eVTOL models indicates a strategic move towards commercial viability in the aviation market [1]

Group 1 - Allianz Investment highlights that the outlook for the European industrial sector is gradually improving as structural trends begin to support corporate performance [1][3] - The current market environment aligns with Allianz's European equity dividend strategy, which focuses on quality, stable cash flow, and sustainable dividends in industrial companies [1][3] - The European industrial sector is entering a new strategic transformation phase, driven by common goals such as enhancing competitiveness, achieving climate objectives, and reinforcing economic sovereignty [1][2] Group 2 - France's "France 2030" investment plan, launched in August 2024, amounts to €540 billion, aimed at accelerating industrial innovation, energy transition, and technological sovereignty [2] - Germany initiated a €500 billion transformation and infrastructure fund in early 2025, expected to boost GDP growth by up to 2.1% by 2027, benefiting from strong multiplier effects in industrial supply chains, employment, and innovation [2] - The UK government announced a comprehensive infrastructure strategy worth £725 billion in June 2025, focusing on transportation, energy, digital infrastructure, and public services to enhance supply chain capabilities and support long-term economic growth [2] Group 3 - The EU is promoting industrial revival through strategic plans aimed at enhancing long-term competitiveness and resilience, including the "Clean Industrial Deal" and "DIGITAL Programme" [3] - The "REARM Europe" defense initiative is expected to mobilize up to €800 billion in funding over the coming years, focusing on security enhancement and accelerating industrial innovation and transformation [3] - The latest Purchasing Managers' Index (PMI) indicates that the Eurozone manufacturing sector returned to expansion in August 2025, with an index of 50.5, marking the first rebound since mid-2022 [3] Group 4 - Market consensus predicts that European industrial companies will experience some of the strongest earnings growth globally, with expected earnings per share (EPS) growth of approximately 12.5% from 2024 to 2026 [4] - The traditional view of the industrial sector as a non-core area for dividend investment is changing, supported by robust balance sheets, prudent capital utilization, and resilient cash flows [4]

（文章来源：证券日报） 证券日报网讯晨曦航空10月22日在互动平台回答投资者提问时表示，截至2025年10月20日公司股东户数 约66000户。 ...