2026未来产业新材料博览会 支持单位 ： 中国未来产业崛起引领全球新材料创新发展 2026年6月10-12日 上海新国际博览中心 新材料是未来高新技术产业发展的基石和先导，新材料的突破将加速未来产业变革! 2026未来产业新材料博览会（上海） (Future Industries New Materials Expo 2026，简称" FINE 2026 ")，由 「 DT新材料 」 主办的 第十届 国际碳材料产业博 览会 (Carbontech 2026)、 热管理产业博览会 (iTherM 2026)和 新材料科技创新博览会 (AMTE 2026)三大展重磅升级而来，旨在打造一个以未来产业终端为引 领、立足国际视野的新材料领域标杆展会。 FINE 2026 ， 以 50,000平 展区 与 超过 300场 战 略与前沿科技报告，全景呈现应用于人工智能、智算/数据中心、具身智能、低空经济、航空航天、智能汽车、 AI消费电子、量子科技、6G、脑机接口、新能源、生物制造等产业的热门创新成果， 并 重点聚焦 未来智能终端 以及 未来产业五大共性需求（先进半导体、先 进电池、轻量化功能化、低碳可持续、热管理） ， ...

Core Viewpoint - The article highlights the significant growth and strategic partnerships in the cross-border e-commerce and technology sectors, particularly focusing on brands expanding into overseas markets and the increasing demand for innovative technologies in various industries [4][5][6]. Group 1: Brand Expansion and E-commerce Growth - Over 50 leading brands, including Honor, Baseus, and Nubia, have signed with AliExpress for the "Super Brand Outbound Plan" to accelerate their overseas market expansion, particularly in high-value categories like consumer electronics and smart home devices [4]. - TikTok Shop in Southeast Asia is projected to double its GMV by 2025, with daily GMV increasing by 90% year-on-year, indicating a strong consumer upgrade trend in the region [5][6]. - Cainiao's global overseas warehouse is expected to see a 32% year-on-year increase in order processing volume by 2025, with operations in over 40 overseas warehouses across 18 countries [8]. Group 2: Technological Innovations and Collaborations - Eagle Network's new game "Arknights: End of the World" has launched globally, supported by Alibaba Cloud to handle high concurrency demands during the launch [4]. - NineSight has initiated Malaysia's first autonomous vehicle testing project in collaboration with local postal services, showcasing the company's expansion into Southeast Asia [7]. - Baidu's "LuoBo Kuaipao" has launched a fully autonomous driving service in Abu Dhabi, marking its first overseas public service deployment [8]. Group 3: Investment and Market Trends - Zhongke Kelan has completed a multi-million angel round financing to accelerate its biodegradable plastic products' overseas expansion, targeting applications in ecological agriculture and marine environments [10]. - Yanhe Technology has secured nearly 100 million yuan in A1 round financing to enhance its global market presence and production capabilities for perovskite batteries [11]. - The overseas micro-short drama market is expected to exceed $5 billion by 2026, with Chinese apps capturing 90% of the market share [12][13].

| 华泰策略 | | 涨的概率约为50%，走势相对震荡，其或主 结合分析师预期及业绩数据寻找局性价 要受到国内政策、内外流动性等影响：2）结 比方向，关注：1）从基本面配置逻辑 | | | --- | --- | --- | --- | | 何度 | 市场或逐步切向业绩修复方向。 | 构上,业绩增速及其后续可持续性是行业获 | 中，关注高景气目有一定持续性及景气 | | | | 得超额收益的重要线索，当春季行情中主线 | 改善或有底部反转迹象的电池、部分化 | | | | 行业业绩增速相对较高时候，主线行业的涨 | 工品等; 2) 从主题切换视角,关注涨 | | | | 幅有望持续,如2020-2021年电力设备、 | 价逻辑的扩散,如有色金属、存储芯片 | | | | 2018年白酒等,后续资金有望进一步集中; | 基础化工、煤炭等方向。 | | | | 但若市场主线业绩增速相对偏弱，主线短期 | | | | | 或出现调整,景气修复行业或有望占优。 | | | | | | 来源:内容汇总自券商策略周报 | *免责声明：文章内容仅供参考，不构成投资建议 *风险提示：股市有风险，入市需谨慎 东财策略陈果团队称 ...

2026 年 01 月 25 日 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 博时基金 博时基金管理有限公司(researchreport@bosera.com) 使用。1 A 股估值及行业中观景气跟踪周报 ——行业比较周跟踪（20260117-20260123） 本期投资提示： 证 券 研 证券分析师 林丽梅 A0230513090001 linlm@swsresearch.com 刘雅婧 A0230521080001 liuyj@swsresearch.com 郝丹阳 A0230523120002 haody@swsresearch.com 冯彧 A0230525080001 fengyu@swsresearch.com 王胜 A0230511060001 wangsheng@swsresearch.com 联系人 冯彧 A0230525080001 fengyu@swsresearch.com 策 略 研 究 行 业 比 较 究 报 告 相关研究 - 一、A 股本周估值（截至 2026 年 1 月 23 日） ⚫ 1）指数及板块估值比较： ✓ 中证全指（剔除 ST） PE 为 ...

（来源：千龙网） 大连化物所科技合作处处长张晨接受科技日报记者专访时介绍，新型电池中试基地将力争将大连市打造 成新能源比较产业的创新高地。"新型电池相关技术的小试开发早在两年前已开展，随着新型电池中试 基地的揭牌，未来两三年会根据行业变化和需求进一步产业放大，为大连市提供新的锂电池技术解决方 案。"张晨说。 1月23日，在大连市举办的中国科学院能源化工技术与企业需求对接会暨英歌石科学城科技成果对接会 上，中国工程院院士、中国科学院大连化物所所长刘中民，加拿大皇家科学院院士、加拿大工程院院 士、能源催化转化全国重点实验室主任陈忠伟共同为"新型电池中试基地"揭牌。 陈忠伟向科技日报记者介绍，新型电池中试基地将聚焦锂/钠离子电池、固态电池等方向的中试验证与 产业化评估，以满足新能源汽车、储能、低空经济和航空航天等多样化场景的需求。新型电池中试基地 与能源催化转化全国重点实验室的主攻方向紧密相连，将开展从"实验室原始创新"到"工业化应用"的全 链条科研活动。 新型电池中试基地依托能源催化转化全国重点实验室筹建，聚焦固态电池、宽温域电池、高比能电池等 前沿领域，构建"材料—电池—工艺—系统"全链条研发、验证与中试体系， ...

Group 1: Space Tourism and Commercial Space Industry - Beijing Chuanweizhe Space Technology Co., Ltd. has held a global launch event for space tourism, showcasing its first commercial manned spacecraft "Chuanweizhe No. 1 (CYZ1)" and has already booked over 20 space tourists across more than three spacecrafts, with a manned flight expected in 2028 [1] - The space economy is at a historic turning point, transitioning from a government-led exploration focus to a commercially driven, diversified ecosystem, driven by low-cost reusable rocket technology [1] - Analysts are optimistic about leading companies in the space exploration industry that possess core technological barriers and clear growth paths [1] Group 2: Sodium-Ion Battery Market - CATL has launched the first mass-produced sodium-ion battery, which is expected to adapt to various vehicle types and maintain over 92% usable capacity at -20°C [3] - The global sodium-ion battery market is projected to reach $5.11 billion by 2031, with significant growth potential due to its advantages in low-temperature performance and economic viability [3] - Companies like Huazi Technology and Jinyinhe are actively involved in the sodium-ion battery supply chain, with Huazi providing energy storage solutions and Jinyinhe leading in automated production lines for lithium and sodium-ion battery components [3] Group 3: Gaming Industry Developments - The gaming industry is experiencing a surge with new game releases, such as the collaboration between "Crossfire" mobile game and "The Wandering Earth," which quickly climbed to the top of the iOS sales charts [4] - The success of new games indicates that globalization and social experiences are key growth drivers in the gaming sector, with a strong focus on "evergreen games + globalization" strategies [4] - Companies like Kaiying Network are diversifying their business models by integrating digital assets with traditional tourism consumption, while 37 Interactive Entertainment is set to launch new titles in the upcoming quarter [5] Group 4: Energy Storage and Power Supply Solutions - The new energy storage capacity in China is expected to reach 144.7 GW by the end of 2025, marking an 85% year-on-year increase, and is crucial for building a new power system [6] - Energy storage is identified as a core solution for addressing power shortages in data centers, particularly in the U.S., where demand is surging due to the growth of data centers [6] - Companies like Penghui Energy and Jinrong Tianyu are expanding their production capabilities in energy storage products, with Penghui planning to introduce a new large-capacity battery by 2026 [7] Group 5: GPU Market and AI Demand - Shanghai Suiruan Technology's IPO has been accepted, aiming to raise 6 billion yuan, reflecting the growing interest in the domestic GPU market [8] - Domestic GPU manufacturers are improving performance and gaining advantages in localization, policy support, and cost control, with companies like Guangmai Technology actively pursuing opportunities in AI and computing power [8] - The demand for electricity is expected to increase by 30% globally by 2035, driven by the expansion of AI and data centers, with solar energy being highlighted as a key future energy source [9]

智通财经APP获悉，兴业证券发布研究报告称，其曾强调，此次降温影响的更多是行情的节奏、结构而 非整体趋势，支撑春季行情向上的核心逻辑并未发生任何变化，本轮春季行情仍在半途。本周来看，虽 然行情节奏趋缓，但向上趋势仍在延续，并且结构上赚钱效应正在朝着更广的范围扩散。 兴业证券主要观点如下： 一、流动性充裕的环境下，后续还有哪些催化值得期待？ 当前年报预告业绩超预期的个股主要集中在存储、电池储能、电网设备、化工、创新药等方向。我们将 个股净利润预告中位数/快报净利润超出披露前一致预期10%以上定义为"业绩超预期"，当前来看主要集 流动性充裕是支撑本轮春季行情向上的核心驱动力，背后来源于险资"开门红"支撑新增保费入市、居民 存款集中到期与人民币升值吸引的境外资金回流。 一方面，根据渠道数据，今年险资"开门红"表现亮眼，支撑大量新增保费入市。根据险企观察公众号披 露的渠道数据，截至1月中旬，头部公司个险保费增速普遍超30%，多家公司个险期交保费已突破百亿 关口，银保渠道甚至出现翻倍增长。新增保费30%需要入市的硬性配置需求，为市场带来大量增量资 金。 另一方面，根据居民定期存款到期期限推算，今年上半年将是居民存款集中 ...

行业周报 | 电力设备 马斯克公布 200GW 光伏计划，Optimus 预计 2027 年公开销售 证券研究报告 电新行业周报 20260119-20260125 核心结论 马斯克公布 200GW 光伏计划剑指太空 AI，明阳智能收购中山德华 100%股权。马斯克 在达沃斯世界经济论坛宣布 SpaceX 与特斯拉三年内将在美实现 200GW 光伏产能。近 期，明阳智能发布公告，拟通过发行股份及支付现金方式收购德华芯片 100%股权。商业 航天板块景气度持续，推荐福斯特、迈为股份、明阳智能、金风科技，建议关注华菱线 缆、琏升科技、东方日升、泰胜风能、钧达股份、海优新材、赛伍技术、宇晶股份、永 贵电器、天合光能。固态电池板块推荐当升科技，建议关注先惠技术、先导智能、纳科 诺尔、宏工科技。光伏板块推荐标的：爱旭股份，建议关注帝科股份、聚和材料。 AWS 上调 GPU 价格推动算力价值重估，反映全球高性能 GPU 资源持续稀缺。AI 算力 数据中心配套推荐思源电气、东方电气、四方股份、伊戈尔，建议关注联德股份、西子 洁能、科士达。 马斯克预计 Optimus 机器人将于 2027 年底上市公开销售。1 月 22 日 ...

证券研究报告 | 行业周报 gszqdatemark 2026 01 25 年 月 日 电力设备 太空光伏为产业链带来新机遇，宁德时代推出天行 II 方案 光伏：电池组件价格上涨，太空光伏为产业链带来新机遇。据安泰科，本周多晶硅 n 型 复投料成交价格区间为 5.0-6.3 万元/吨，成交均价为 5.92 万元/吨，环比持平。据 InfoLink，本周 N 型电池片价格如下:183N、210RN 与 210N 均价本周上升至每瓦 0.42 元人民币，183N、210RN 与 210N 价格区间皆为每瓦 0.40-0.43 元人民币。银价飙涨 带动组件成本上升，1 月 21 日，上海期交所白银价格突破 23,000 元人民币/公斤，组 件厂不堪成本堆栈被迫推升报价上涨，当前中国分布式组件报价往每瓦 0.8-0.88 元人 民币价格报价，实际成交价格落在每瓦 0.7-0.8 元人民币不等。近日马斯克在达沃斯世 界经济论坛上宣布：SpaceX 与特斯拉将在三年内于美国实现每年合计 200GW 的太阳 能制造产能。其中，SpaceX 的 40GW 产能将主要适配太空光伏需求，为计划中每年部 署的约 100 万颗太阳能 ...

Core Insights - McKinsey's report identifies 18 industry sectors likely to reshape the global business landscape, predicting revenues of $29 trillion to $48 trillion by 2040, contributing 18-34% to global GDP growth [2] E-commerce - By 2040, e-commerce's share of global retail revenue is expected to rise to 27%-38%, up from approximately 20% currently [3] - Growth drivers include market expansion in developing countries and new product categories in developed nations, such as healthcare and emotionally valuable products [4] - Significant investments are anticipated in customer acquisition and last-mile delivery across e-commerce platforms [5] Electric Vehicles - Electric vehicles (EVs) are projected to exceed 50% of global passenger car sales by 2040 [6] - Breakthroughs in battery technology and smart algorithms will significantly influence this sector, prompting increased R&D investments from both EV manufacturers and traditional automakers [7] Cloud Services - The demand for higher storage and computing capabilities is driven by a more interconnected world and the need for AI products requiring substantial computational power [9] - The cloud services industry experienced a 17% compound annual growth rate (CAGR) from 2005 to 2020, with similar growth expected in the coming decades [10] Semiconductors - The semiconductor industry is essential for the digital world, with demand from computing, data storage, automotive, communication, and industrial electronics driving growth [11] - A sustained CAGR of 6%-8% is forecasted for the semiconductor sector over the next decade [11] AI Software Services - The rapid development of AI has led to its classification as a distinct sector, with increasing usage of AI assistants [12] - Companies in the AI space are engaged in a competitive race to develop advanced foundational models and applications [13] Digital Advertising - Digital advertising, through search, social media, and media services, is expanding in value as internet usage among the middle class increases [14] - Continuous algorithm improvements enhance platforms' abilities to target customers and track advertising costs, although competition for user attention necessitates increased investment in engaging content [15] Streaming Video - Investment in customer acquisition and content production is rising, prompting streaming platforms to seek new revenue models [17] - Developing countries may provide incremental growth in subscription and advertising revenue for streaming services, with projections indicating over 1 billion households subscribing to long-form video services by 2040 [18] Shared Autonomous Vehicles - The advent of autonomous driving technology may reduce the necessity for personal vehicle ownership [19] - By 2040, shared autonomous vehicles could account for 25%-51% of shared mobility revenue [20] Space Economy - The world is on the brink of entering a space economy era, with advancements in reusable rocket technology changing the aerospace industry [21][22] Cybersecurity - Cybercrime caused approximately $950 billion in direct economic losses in 2020, with indirect losses potentially reaching $4-6 trillion [24] - Increasing awareness of cybersecurity has led companies to enhance their investments in this area [25] Batteries - Significant advancements in battery technology have tripled energy density over the past few decades [26] - The global energy transition is driving demand for batteries, particularly from electric vehicles, energy storage, and consumer electronics, with EVs expected to comprise over 80% of the battery market by 2040 [28] Video Games - By 2030, an estimated 40% of the global population may become video game players [30] - New gaming models, such as mobile and cloud gaming, are accelerating market growth, with free-to-play games generating substantial revenue [32] Robotics - The integration of AI with robotics is creating significant expectations for humanoid robots as "ultimate intelligent agents" [33] Industrial and Consumer Biotechnology - Breakthroughs in gene editing and other technologies are accelerating the application of biotechnology in agriculture, alternative proteins, consumer products, and bio-materials [37] Modular Construction - Modular construction methods, which involve prefabricating building components for on-site assembly, can significantly enhance construction efficiency [38] Nuclear Fission Power - The development of safer, smaller modular reactors presents opportunities to supplement renewable energy sources [39] Air Traffic - Electric vertical takeoff and landing vehicles and delivery drones are expected to drive significant technological changes in air traffic [41] Obesity Treatment Drugs - The prevalence of obesity is projected to rise from 15% in 2020 to 24% by 2035, indicating a potential market for effective weight loss products [43]