Group 1: Space Exploration and Technology - The successful launch of the Tianwen-2 mission marks China's first asteroid exploration and sample return journey, focusing on asteroid 2016 HO3 and later the main belt comet 311P [5] - The Chang'e 7 mission is expected to launch around 2026 to explore the lunar south pole and investigate water ice resources, carrying payloads from multiple countries [5] - China's new generation reusable crewed spacecraft, "Dream Chaser," is set for its first flight in 2026, designed for near-Earth space station operations and crewed lunar exploration [5][6] Group 2: Deep Sea Exploration - China's manned submersibles, including "Fendouzhe," "Shenhai Yongshi," and "Jiaolong," have completed over 1,700 dives, with expectations to surpass 2,000 by 2026 [9] - The "Fendouzhe" submersible successfully conducted manned deep-sea research in the Arctic, expanding China's deep-sea exploration capabilities [9] - The deep-sea research community anticipates increased international collaboration and scientific exploration during the 14th Five-Year Plan period [9] Group 3: Scientific Research and Innovation - China ranks prominently in global scientific research, with significant achievements in innovation and research output, described as entering an "innovation explosion period" [3] - The "first example of two-dimensional metal preparation" by a team from the Chinese Academy of Sciences was recognized as one of the top scientific breakthroughs of 2025 [10] - In the biopharmaceutical sector, 76 innovative drugs were approved in 2025, with total licensing transactions exceeding $130 billion, marking a historic high [10]

Group 1 - The market opened strong on the first trading day of 2026, with the ChiNext Index rising over 1.00% and the Shanghai Composite Index increasing by 0.45%, reaching a high of 3994.77 points during the session [1] - Sectors such as brain-computer interfaces, oil and gas, precious metals, and commercial aerospace showed significant gains, with nearly 3400 stocks in the Shanghai and Shenzhen markets rising [1] - Precious metals and gaming sectors led the gains, while the commercial aerospace concept stocks opened high, with companies like Goldwind Technology and Aerospace Science & Industry Corporation hitting the daily limit [3] Group 2 - Blue Arrow Aerospace's IPO was accepted, aiming to become the "first commercial rocket stock," with plans to raise 7.5 billion yuan for projects related to reusable rocket capacity and technology enhancement [4] - Market sentiment was reflected in stocks like Fenglong Co., which hit the daily limit for the sixth time, and other commercial aerospace stocks such as Shenkong Co. and China Satellite, which opened significantly higher [7] - Other sectors like robotics and digital currency also saw varied performances, with some stocks opening lower despite the overall market strength [7]

文字早评 2026/01/05 星期一 宏观金融类 股指 【行情资讯】 1、美国突袭委内瑞拉，逮捕总统马杜罗； 2、今年首个核聚变大会：1 月 16 日至 17 日在安徽合肥举办； 3、蓝箭航天科创板 IPO 申请正式获受理 拟募资 75 亿元； 4、国家集成电路基金在中芯国际 H 股的持股比例从 4.79%升至 9.25%。 期指基差比例： IF 当月/下月/当季/隔季：-0.17%/-0.44%/-0.65%/-1.62%； IC 当月/下月/当季/隔季：-0.13%/-0.77%/-1.38%/-3.89%； IM 当月/下月/当季/隔季：-0.18%/-1.20%/-2.09%/-5.23%； IH 当月/下月/当季/隔季：-0.17%/-0.20%/-0.20%/-0.49%。 【策略观点】 年初机构配置资金有望重新流入市场，加之政策支持资本市场的态度未变，中长期仍是逢低做多的思路 为主。 国债 【行情资讯】 行情方面：周三，TL 主力合约收于 111.41 ，环比变化-0.35%；T 主力合约收于 107.86 ，环比变化 -0.07%；TF 主力合约收于 105.76 ，环比变化-0.04%；T ...

Industry News - The Shanghai municipal government has issued measures to accelerate the construction of a low-altitude economy advanced manufacturing cluster, aiming for the core industry scale to reach approximately 80 billion yuan by 2028, forming a complete industrial chain for new low-altitude aircraft [4] - The revised regulations on the management of sales expenses for publicly raised securities investment funds have been officially released, increasing the redemption fee for holdings over 7 days but less than 30 days from 0.7% to 1%, which is expected to save investors 51 billion yuan annually and reduce the comprehensive fee rate of public funds by about 20% [4] - The commercial space sector is set to see a surge in launches of various commercial rockets in 2025, injecting strong momentum into China's space industry, with plans for manned lunar missions and the Chang'e 7 mission to search for water ice on the moon [4] Company News - Yushut Technology has responded to reports regarding its IPO, stating that it has not applied for any "green channel" related matters [7] - iMoutai announced that from January 4 until before the Spring Festival, the maximum quantity of the 2026 Flying Moutai liquor that can be purchased per person per day will be adjusted to 6 bottles [7] - Xingqi Eye Medicine announced that its application for the supplement of atropine sulfate eye drops has been approved [8] - Zhongkuang Resources announced the trial operation of its 30,000-ton high-purity lithium salt technical transformation project [9] - Shengyi Technology signed an investment intention agreement for a high-performance copper-clad laminate project worth 4.5 billion yuan [10] - The National Integrated Circuit Industry Investment Fund increased its stake in SMIC's H-shares from 4.79% to 9.25% as of December 29 [11] - Tiangong Technology plans to invest 2.32 billion yuan to acquire 54.87% of the shares of Suzhou Haomi Wave, entering the automotive intelligent driving, low-altitude flight, and robotics sectors [11] - Yanjiang Co. plans to acquire control of Yongqiang Technology, a high-frequency carrier board manufacturer, with its high-end products certified by Intel and Huawei [12] - Tongling Nonferrous Metals announced a delay in the second phase of the Mirador copper mine project, which is expected to impact the company's operating performance in 2026 [13] - Longpan Technology plans to invest 2 billion yuan to build a high-performance lithium battery cathode material project [14] - Bailong Oriental has released a performance forecast, expecting a year-on-year net profit increase of 46.34% to 70.73% in 2025 [14]

Group 1: Technological Innovation and Development - Technological innovation is identified as the core driving force for high-quality development, with advancements in AI models, chip self-research, and applications of humanoid robots and drones marking significant progress [1] - The "14th Five-Year Plan" emphasizes significantly improving the level of technological self-reliance and strength as a primary goal for economic and social development [1] Group 2: Space Exploration and Measurement Technology - The VLBI (Very Long Baseline Interferometry) tracking system for the Tianwen-2 mission has successfully completed 52 observation tasks, demonstrating the reliability and stability required for long-distance space missions [2] - The Tianwen-2 mission aims to explore asteroids and comets, with a complex trajectory requiring high operational reliability and emergency response capabilities [2] Group 3: Drone Technology Advancements - The first 6-ton tilt-rotor unmanned aerial vehicle, Lan Ying R6000, has successfully completed its maiden flight, marking a significant breakthrough in drone technology previously monopolized by foreign entities [4] - The drone's design allows for seamless transitions between vertical takeoff and high-speed flight, expanding its application scenarios [4] Group 4: AI Development and Open Source Models - China's AI large models have gained global recognition through open-source initiatives, significantly accelerating the development of new productive forces and contributing to high-quality growth [6] - The "Qianwen family" of models has been downloaded over 700 million times globally, with nearly 400 models open-sourced, facilitating widespread access to AI technology [6] Group 5: Humanoid Robotics Innovation - The development of humanoid robots by Yushu Technology has involved overcoming complex motion control challenges, leading to successful demonstrations of dynamic balance and rapid response capabilities [8] - The company aims to further integrate AI and sensor technologies into humanoid robots, positioning them as a new productive force for economic and social development [9] Group 6: Chip Development and GPU Technology - The company has achieved significant milestones in GPU development, maintaining a "one generation per year" research and development pace, and has successfully launched four generations of GPU architectures [11] - The focus on creating a comprehensive software ecosystem alongside hardware innovations aims to enhance overall product performance and compatibility [11]

转自：成都日报锦观 利哈乔夫对俄媒说，俄国家原子能公司和俄国家航天集团在月球轨道站和兆瓦级火箭发动机项目上开展 合作，这是核能对近地和深空探索的贡献，原型发动机应在2030年前研制成功。 利哈乔夫说，近年来，俄国家原子能公司在100多个高科技新领域的研发取得进展，在核医学和核聚变 领域开发了很多新项目。2025年，该公司的海外订单总额增至2000亿美元，来自海外项目的收入达到 165亿美元。 2030年前研制出核动力航天发动机原型 据新华社符拉迪沃斯托克1月4日电（记者 孙萍） 俄罗斯国家原子能集团公司首席执行官利哈乔夫3日 说，该公司计划到2030年前研制出兆瓦级核动力航天发动机原型。 俄宣布 ...

明日，A股市场将迎来2026年首个交易日。元旦假期期间，港股迎来新年开门红，在美上市的中国资产 也有强势表现，一定程度上提振了市场对A股新年开门红的预期。 展望后市，机构认为，开年后A股震荡向上的概率更高，投资者对春季行情应保持耐心，消费与成长板 块有望成为春季行情的两条主线。配置上，热度和持仓集中度相对较低但关注度开始提升、催化开始增 多且长期ROE有提升空间的板块值得关注，此外人民币汇率也具备继续走强可能，这或为港股带来一定 利好。 影响后市投资大事件 1月1日起房贷利率下调 自2026年1月1日起，存量住房公积金贷款利率下调25个基点。此外，由于2025年5年期以上LPR累计下 调10个基点，因此部分重定价日在1月1日的商贷利率也迎来下调。 2026年"国补"政策明确 近日，国家发展改革委、财政部印发《关于2026年实施大规模设备更新和消费品以旧换新政策的通 知》，明确2026年"两新"政策的支持范围、补贴标准和工作要求。通知称：继续实施汽车报废更新和汽 车置换更新补贴；继续实施家电以旧换新补贴，支持范围聚焦冰箱、洗衣机、电视、空调、电脑、热水 器等6类产品；同时，将数码产品购新补贴拓展为数码和智能产品 ...

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