（来源：嘉兴日报） "不敢说能为家乡带来多少直接投资，但我会利用自己的身份，多多促成嘉兴与德国莱茵—美因地区之 间商业代表团的互访。"从海盐澉浦走出的"村娃子"袁袭，在德国创业生活20余载，却始终乡音未改。 作为拥有300多家企业会员的商业俱乐部亚洲事务主管，她惦念的不仅是家乡"炒雪冬"的乡土滋味，更 是如何让家乡的企业走向世界，让世界的资本看见嘉兴。 活动伊始，嘉兴市商务局、市投资促进中心相关负责人便为乡贤们送上了一份厚重的"家乡发展报告"。 报告不仅细数了嘉兴经济社会发展的最新成果，更重磅推介了以新材料、新一代网络通信、智能光伏、 新能源汽车及零部件为核心的"135N"现代产业体系。面对新一轮科技革命，嘉兴已然在人工智能、临 空经济等新兴赛道上提前布局，展现出强大的产业韧性与未来潜力。 "每次回来，都能感受到嘉兴的更新和变化。"从嘉兴一中毕业走出去的郁虹刚，亲身经历了中国制造的 辉煌十年，如今转身为投资人，他对家乡产业的蝶变升级感触尤深。正是家乡这份扎实的产业底气和清 晰的战略眼光，让他毫不犹豫地作出了"优先选择家乡"的承诺。 活动的重头戏是"嘉兴市招商合作大使"的聘任仪式。9位来自航空航天、投资金融、生 ...

Core Viewpoint - The event "Tianjin Visit by Foreign Diplomats" showcased the cultural richness and innovative development of Tianjin, highlighting its role as a vibrant city in China and a key player in international cooperation [13][21]. Group 1: Cultural Exchange - Foreign diplomats experienced traditional Chinese culture through activities such as visiting ancient streets and participating in the Yangliuqing Lantern Festival, which combined traditional customs with modern technology [14][15]. - The diplomats expressed admiration for Chinese classical arts, particularly during a performance of "The Drunken Concubine," and engaged with local artists, showcasing a deep appreciation for cultural exchange [15]. Group 2: Educational Collaboration - The diplomats visited the Luban Workshop at Tianjin Light Industry Vocational Technical College, which has established 26 Luban Workshops in 24 countries, providing vocational training to over 31,000 individuals [16]. - The workshop serves as a key platform for Sino-African educational cooperation, particularly with Egypt, where it has trained over 3,000 students in various technical fields [16]. Group 3: Port and Trade Development - Tianjin Port is positioned as a crucial maritime gateway, with 150 container shipping routes connecting to over 500 ports globally, enhancing trade opportunities for various countries [17]. - The port's advancements in automation and green technology have led to zero carbon emissions during operations, earning praise from diplomats for its innovative practices [18]. Group 4: Innovation and Future Opportunities - The event coincided with the beginning of spring, symbolizing new opportunities, as diplomats observed the integration of high technology in various sectors, including transportation and healthcare [18][19]. - The exhibition of advanced projects, such as the domestically developed artificial heart, attracted significant interest from diplomats, indicating potential for international collaboration in healthcare technology [19][20].

01 高盛合伙人Rich Privorotsky认为，市场陷入"先卖出、后提问"恐慌，本质是对企业护城河的全面检验，建议关注拥有真 正护城河的公司、实物资产和工业股，看好航空航天板块，但需警惕银行股风险。高盛预计CTA将抛售15-20亿美元美 股，标普若跌破中期阈值6723点，将加速抛售幅度。 硬·AI 作者 | 鲍亦龙 编辑 | 硬 AI 高盛合伙人Rich Privorotsky警告称，一场由人工智能驱动的"创造性破坏"正实时席卷全球各行业，本质上 这是一次对企业护城河的全面检验。 从上周软件行业遭遇冲击，到本周初先是保险和财富管理类股，下半周则轮到房地产服务类和物流板块。 AI最初被视为对股市的利好因素，但现在正在激进地检验哪些企业真正具有可防御的竞争优势。 "先卖出、后提问"的情绪在市场扩散，抛售速度加快，但除了AI担忧外并无明确催化剂。高盛合伙人Rich Privorotsky认为这是一次护城河检查： 企业的业务是否能抵御技术冲击？如果有一支机器人大军，能否颠覆现有企业？企业是否必须竞相 投入或收购，否则就会被取代？ Privorotsky进一步强调，需警惕美国各大股指中的CTA（商品交易顾问）触发 ...

"全球空战计划"(GCAP)由日本、英国和意大利三国政府于2022年12月9日共同宣布，旨在整合英国主导的"暴风"(Tempest)项目与日本的三菱F-X项 目，共同研制第六代隐形战斗机。 2月13日，日本防卫大臣小泉进次郎在德国慕尼黑安全会议上与英国国防大臣希利及意大利国防大臣克罗塞托举行会谈，三方就加速日、英、意三 国联合开发下一代战斗机"全球空战计划"(GCAP)达成一致。然而日英意三国缺乏独立开发下一代战斗机的经验，该计划预算已经上涨三倍，相互 之间也缺乏信任，能否如期实现存在疑问。 根据计划，GCAP将研制一款具备隐形性能的有人驾驶战斗机，重点强化与无人机的协同作战能力，并集成先进传感器、自适应发动机和数据网 络融合技术，目标性能将超越美国现役的F-35隐形战斗机。 校对朱亚萍 小泉进次郎在2月13日的会谈后表示："我们就下一代战斗机的研发进行了坦诚且富有建设性的交流"，并强调"希望加快推进，尽快完成相关合 同"。 GCAP已于2025年正式启动，计划于2027年完成演示机首飞，并于2035年投入服役。日本、英国和意大利均参与过美国F-35项目，拥有一定的第 五代战斗机合作经验，并非从零起步，但三国 ...

Group 1 - The core point of the article is that Skyla's parent company successfully completed a Pre-A+ round of financing, raising several tens of millions, led by HLC with continued support from existing shareholder Houxue Capital [1] - This marks the third round of financing completed by the company in the past six months, indicating strong recognition from the capital market regarding Skyla's technical capabilities, engineering execution, and commercialization prospects [1] - Skyla adheres to the SIENS (Safe, Intelligent, Efficient, Noiseless, Sustainable) aircraft design philosophy, focusing on key technologies for eVTOL [1] Group 2 - The team has successfully completed the full-modal tilt transition flight of the SKYLA V30 scale verification aircraft, demonstrating stable and controllable performance throughout the flight phases, which aligns with telemetry data expectations [1] - This milestone not only validates the flight control algorithms and system integration capabilities but also strengthens the engineering foundation for airworthiness certification [1] - With the acceleration of national low-altitude airspace reform, eVTOL is entering a critical window for commercialization [3] Group 3 - Skyla plans to steadily and rapidly advance the development of the S-V30 full-size prototype, prepare for airworthiness certification, and build a core supply chain, thereby accelerating the transition from technology validation to industrial implementation [3]

Group 1 - The event "Xinfeng·Zhenrong Hang" focused on empowering the aerospace industry through financial support, bringing together government, financial institutions, and enterprises for in-depth discussions [1] - Zhenjiang Economic Development Zone has developed four leading industries: new materials and fine chemicals, new energy and new power equipment, biomedicine and health, and aerospace and low-altitude industries [1] - The aerospace and low-altitude industry has established a comprehensive industrial system supporting the domestic large aircraft C919, relying on the "one park, one venue, one institute" framework [1] Group 2 - At the "Xinfeng Zhenrongyi" government-bank-enterprise matchmaking conference, various financial institutions introduced their unique financial products and service models to meet the needs of enterprises [2] - The conference aimed to optimize the financial business environment and enhance the precision and effectiveness of financial services for the real economy [2]

Market - US stock market closed mixed on February 14, with all three major indices recording weekly declines. The Dow Jones, Nasdaq, and S&P 500 fell by 1.23%, 2.1%, and 1.39% respectively, as investors weighed the impact of artificial intelligence across various industries and noted that the core CPI for January hit a nearly five-year low [2][4]. - In the top 20 stocks by trading volume, Applied Materials surged by 8.08% after providing a strong revenue forecast, while Nvidia dropped by 2.23% due to procurement issues from Samsung and SK Hynix [3][46]. - Popular Chinese stocks showed mixed performance, with Alibaba down by 2.05% and Tencent Music up by 4.52%. The Nasdaq Golden Dragon China Index fell by 0.1% [4][47]. Company - SpaceX is considering a dual-class share structure for its upcoming IPO to maintain Elon Musk's control, similar to a previous strategy used for Tesla. The company, which recently acquired AI startup xAI, is expected to have a valuation exceeding $1.5 trillion [19][43]. - OpenAI has been selected to participate in a US military challenge to develop voice-controlled drone swarm software, collaborating with two defense tech firms. This initiative is part of a $100 million challenge announced by the Department of Defense [20][43]. - Goldman Sachs launched a new stock basket aimed at companies that are less likely to be replaced by AI, betting on firms that require physical execution or are protected by regulatory barriers [22][43]. - Castle Investment's three flagship funds saw a 22% decline in net profits, attributed to high employee compensation costs amid a competitive talent market, despite a 4% increase in operational costs [23][43]. - The US has eased energy sanctions on Venezuela, allowing companies like Chevron and BP to operate in the oil and gas sector, which could lead to new investments [24][43]. - Meta plans to add facial recognition technology to its smart glasses, allowing users to identify people through an AI assistant, despite previous concerns over privacy and ethical implications [27][43].

Core Insights - The upcoming Q4 2025 financial report of Embraer (EMBJ) is anticipated to reveal whether the company has met its performance targets, with a total of 244 aircraft deliveries for the year, representing an 18.4% year-over-year increase [1] Group 1 - Embraer's subsidiary, Eve, has successfully completed the first flight of its full-scale electric vertical takeoff and landing (eVTOL) prototype in December 2025 [1] - Eve plans to conduct hundreds of tests in 2026 to support its certification goal for 2027, with nearly 3,000 aircraft orders already in the pipeline [1]

Market Overview - The A-share market experienced a decline across all major indices, with the Shanghai Composite Index falling by 1.26%, the Shenzhen Component Index down by 1.28%, and the ChiNext Index decreasing by 1.57% [1] Sector Performance - The shipbuilding, aerospace, and comprehensive industries showed the highest gains, while the photovoltaic equipment, minor metals, and glass fiber sectors collectively retreated [1] - The aerospace sector saw a counter-trend increase, with the Huatai-PB Aerospace ETF and the Huaxia Aerospace ETF rising by 2.3% and 1.58%, respectively [1] - The semiconductor sector also performed well, with the Huatai-PB Korea Semiconductor ETF and the Semiconductor Equipment ETF increasing by 1.8% and 1.25%, respectively [1] - In contrast, the oil and gas sector faced declines, with the Bosera Oil and Gas ETF and the Oil ETF dropping by 4.21% and 3.99% [1] - The non-ferrous metals sector experienced a broad downturn, with the Fuguo Non-ferrous ETF and the Huatai Oil and Gas ETF falling by 3.73% and 3.72%, respectively [1] International Market - Japanese stocks continued to rise, with the Huaxia Nikkei ETF increasing by 1.39% [1]

Core Viewpoint - Honeywell is set to complete the spin-off of its automation and aerospace businesses in Q3 2026, ahead of previous expectations, while providing a sales outlook for 2026 between $38.8 billion and $39.8 billion, with an organic sales growth of 3% to 6% and adjusted earnings per share projected at $10.35 to $10.65, reflecting a year-over-year growth of 6% to 9% [1] Group 1 - The spin-off of automation and aerospace businesses is scheduled for Q3 2026, which is earlier than previously anticipated [1] - The sales forecast for 2026 is projected to be between $38.8 billion and $39.8 billion [1] - Organic sales growth is expected to be between 3% and 6% year-over-year [1] Group 2 - Adjusted earnings per share are anticipated to be between $10.35 and $10.65, indicating a year-over-year increase of 6% to 9% [1] - The company is optimizing its business portfolio by categorizing productivity solutions and services, as well as warehouse and workflow solutions, as assets for sale to focus more on its core automation areas [1]