美日关税谈判，传出一则新消息！ 据最新消息，日本正在考虑一项计划，在与美国的关税谈判中，为特斯拉建造充电站提供补贴。据报道，日本 正在寻求下周与美国举行第三轮贸易谈判。 如果上述消息属实，对特斯拉及其首席执行官埃隆·马斯克来说，无疑是个不小的利好。而在资本市场上，特 斯拉股价已连续四周上涨，其间累计涨幅达到45%，总市值重新站上1万亿美元关口。 日本考虑为特斯拉充电站提供补贴？ 报道称，日本政府目前仅为源自日本的充电标准"CHAdeMO"提供电动汽车充电站安装补贴，但不为特斯拉 的"超级充电站"提供补贴。TBS表示，美国贸易代表办公室（USTR）对这一问题表示担忧，并要求改进。 日本正在寻求下周举行第三轮美国贸易谈判，该国首席贸易谈判代表赤泽亮正可能会前往华盛顿。 另外，日经商业日报报道称，日本谈判代表已表示愿意讨论降低美国对日本的关税，其中包括汽车和汽车零部 件25%的关税和其他商品24%的关税，而不是推动华盛顿完全取消这些关税。不过，5月16日，赤泽亮正表 示，目标是尽可能快地与美国达成贸易协议。敦促美国重新考虑关税的立场没有变化。 赤泽亮正此前一再表示，东京希望完全取消美国对日本的关税。该国的首要任务是 ...

Core Viewpoint - The successful launch of six commercial satellites by Changsha Tianyi Space Technology Research Institute marks a significant milestone in the company's development and the advancement of China's commercial space industry [1][5]. Group 1: Satellite Launch Details - On May 17, six commercial satellites were launched aboard the Zhuque-2 modified Yao-2 rocket from the Dongfeng Commercial Space Innovation Experimental Zone [1][3]. - The satellites include one commercial SAR satellite "Tianyi 42," two optical remote sensing satellites "Tianyi 29" and "Tianyi 35," and three space science experimental satellites "Tianyi 34," "Tianyi 45," and "Tianyi 46" [3][4]. Group 2: Satellite Specifications and Capabilities - "Tianyi 42" is a lightweight, low-cost, high-performance C-band SAR satellite, capable of all-weather, all-time Earth observation and millimeter-level surface deformation monitoring [3][4]. - "Tianyi 29" is a hyperspectral geological remote sensing satellite developed by China University of Geosciences (Wuhan), focusing on high reliability and advanced optical systems [4]. - "Tianyi 35" features a multi-spectral camera with an advanced off-axis three-mirror optical system, enhancing imaging performance for water environment monitoring [4]. Group 3: Technological Advancements - "Tianyi 45" and "Tianyi 46" are part of the second batch of satellites in the Tianyi constellation, equipped with advanced devices for in-orbit verification of cutting-edge space information technologies, including 6G intelligent semantic communication [4]. - The successful deployment of these satellites demonstrates the company's transition from single satellite validation to batch production, establishing a complete industrial ecosystem for C-band commercial SAR satellites [5].

Core Insights - The successful launch of the "Nankai No. 1" satellite marks a significant achievement for Southern University of Science and Technology (SUSTech) in the field of space exploration, showcasing the collaboration between commercial aerospace and academic research [1][4][5] Group 1: Satellite Features and Innovations - "Nankai No. 1" is equipped with a 12-meter long space electric field antenna system, setting a new global record for small satellite electric field antenna length [1][7] - The satellite utilizes a dual-layer tape structure and 3D printing technology to address the challenges of folding and storing the long antenna, achieving a total mass of 1.7 kilograms and a volume of only 1.6U (approximately 10×10×16 cm) [7] - It is the first domestic attempt to use a small satellite platform for optical observation of auroras, capable of continuous observation for 9 minutes during a single pass over the auroral zone [7] Group 2: Research and Development Contributions - The satellite's electric field measurement payload provides critical data for monitoring the Earth's magnetosphere and ionosphere, while the aurora camera captures extensive aurora data [4][5] - The project aligns with national deep space exploration strategies and will support major projects like the BeiDou satellite and space station by providing environmental monitoring [5][9] - The satellite will conduct approximately 14 passes over Shenzhen each month, contributing to urban geographic information systems [7] Group 3: Educational Impact and Student Involvement - The project emphasizes the integration of research and education, with over 20 undergraduate and graduate students participating in various stages of the satellite's development [9] - Students gained hands-on experience in satellite design, payload development, and data analysis, enhancing their skills and interest in space science [9] - The successful operation of "Nankai No. 1" not only validates innovative space exploration technologies but also builds a foundation for future large-scale space science experiments [9]

王力哲教授表示，"地质一号"卫星的最大特点在于地质行业高光谱谱段集中精细化设计，有效解决了传统高光谱载荷系统体积大、重 量大、能效利用低和部分谱段成像稳定性较弱等难题。目前，全球能够捕捉1000纳米以上的在轨高光谱遥感卫星不超过10个，其大多高光 谱卫星均采用光栅分光实现众多不同谱段获取，难以保证成像质量。"地质一号"在多项技术指标达到国际领先水平，有效提升了成像质 量。 5月17日讯5月17日12时12分，随着烈焰划破长空，主要用来找矿的"地质一号"卫星在酒泉卫星发射中心成功发射。 据悉，该卫星是我国第一颗服务地质行业的高光谱遥感小卫星，将极大提升我国在资源勘查、矿产监测和自然资源调查监测等领域的 服务能力，该卫星在地质勘查和监测卫星的"小型化、智能化、专业化"取得重大突破。 "地质一号"卫星是我国首颗地质行业小卫星，由中国地质大学（武汉）与中国自然资源航空物探遥感中心牵头，联合天仪研究院、中 国科学院长春光学精密机械与物理研究所、浙江省地质院等单位共同研制，中国地质大学（武汉）王力哲教授担任工程总师。 据介绍，"地质一号"卫星拥有强大的遥感探测能力，在可见-近红外波长范围内，主要针对水、土、矿、植被等进行 ...

国星宇航在海口江东新区布局卫星业务 "海口号"随全球首个太空计算星座成功发射 海南日报海口5月16日讯(海南日报全媒体记者 党朝峰 刘冀冀)海南日报全媒体记者5月16日从海口 江东新区管理局获悉，5月14日12时12分，成都国星宇航科技股份有限公司(以下简称国星宇航)在酒泉 卫星发射中心使用长征二号丁运载火箭，成功将太空计算星座021任务12颗卫星发射升空，卫星顺利进 入预定轨道，标志着全球首个太空计算星座成功发射。本次发射的"主角"是由国星宇航研制的一轨12颗 计算卫星，其中就包括"海口号"(星时代-30)。 据了解，太空计算是指将数据中心和计算能力部署到太空轨道，通过卫星及其搭载的计算硬件进行 在轨数据处理。这种系统能够通过星间高速激光通信实现数据传输和实时处理，再将处理结果高效传回 地球。通过算力集中的形式部署算力星座，则可以解决单颗具备天算力的卫星处理能力有限、资源利用 效率低的问题，促进算力资源高效整合。太空计算星座021任务是国星宇航发起的"星算"计划首次发 射。 接下来，海口江东新区将立足商业航天配套产业，重点推进航天器研发、卫星数据服务、航天新材 料等细分领域，与文昌航天城形成"研发-制造-发 ...

证券代码：601698 证券简称：中国卫通 公告编号：2025-025 中国卫通集团股份有限公司 关于召开2024年年度股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、召开会议的基本情况 (一)股东大会类型和届次 2024年年度股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025年6月9日 14点30分 召开地点：北京市海淀区知春路65号中国卫星通信大厦A座会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025年6月9日 至2025年6月9日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东大会召开当日的交易时间 段，即9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台的投票时间为股东大会召开当日的9:15- 15:00。 (六)融资融券 ...

索罗斯一季度清仓台积电等科技股 看好AI与新兴科技基础设施 金十数据5月16日讯，索罗斯基金一季大幅调整持仓，押注AI、太空通讯与比特币挖矿产业，同时撤出 多档科技权值股。 13F报告显示，索罗斯基金一季度增持英伟达、太空卫星通讯公司AST SpaceMobile、摩根大通与比特币矿商 Cipher Mining。同时，该基金清仓超微电脑、阿里巴巴和台积 电并大幅减持谷歌和京东的持股比例。值得关注的是，另一位索罗斯战友、知名宏观投资人朱肯米勒掌 管的Duquesne Family Office则反向操作，选择在同一季加码台积电。 市场分析认为，索罗斯基金本季 操作显示其对AI与新兴科技基础建设的长线看好，同时审慎调整对高基期科技股的曝险比例，反映宏 观投资人在产业轮动阶段的策略性资产重组。 ...

Core Viewpoint - Soros Fund Management's latest 13F report reveals a significant shift in its investment strategy for Q1 2024, characterized by increased holdings in large-cap indices, utilities, and financial sectors, while substantially reducing exposure to technology and Chinese stocks, indicating a cautious outlook on the economic landscape [1][3]. Defensive Reallocation: Betting on Large-Cap Indices and Stable Income Assets - By the end of Q1, Soros Fund's top three new holdings were in defensive sectors, investing $96 million in American Electric Power (AEP), $93.6 million in Entergy Corp, and $56.66 million in JPMorgan Chase. The fund also significantly increased its position in the S&P 500 ETF while completely selling off the Russell 2000 small-cap ETF, highlighting a clear strategy of "selling small caps, buying large caps" [3]. - Analysts suggest that in the context of high interest rates and slowing economic growth, the utility sector's stable cash flow and strong anti-cyclical nature, along with large-cap stocks' better risk resilience compared to small-cap firms, reflect the fund's anticipation of increased market volatility [3]. Major Sell-Off: Technology Giants and Chinese Stocks Hit Hard - The fund completely exited 78 stocks and reduced holdings in 45 others, with technology and Chinese stocks being the hardest hit. Notable exits included Alibaba, TSMC, and Boeing, while Alphabet saw a 62.64% reduction and JD.com experienced a drastic 93.6% cut [4]. - The significant reduction in previously held semiconductor equipment firms and cloud computing companies is interpreted as a response to concerns over high valuations in the tech sector and a reassessment of exposure to Chinese stocks amid geopolitical risks [4]. Structural Increase: Betting on E-commerce Leaders and Energy Transition - Despite the sell-off, the fund increased its stake in Amazon by 30%, boosted FedEx holdings by 270%, and nearly 9-folded its position in First Solar. Even UnitedHealth Group, under investigation for insurance fraud, saw its holdings double to $1.12 billion [5]. - These moves align with the investment logic under the expectation of an "economic soft landing," where e-commerce logistics benefit from consumer resilience, renewable energy aligns with policy directions, and the healthcare sector maintains essential demand [5]. Institutional Interpretation: Preparing for Market Turbulence - Multiple Wall Street institutions interpret the fund's reallocation strategy as reflecting three strategic intentions: building a safety net through S&P 500 ETFs and utility stocks to hedge against potential recession risks, narrowing focus in the tech sector to prioritize artificial intelligence and other certain areas, and reducing exposure to emerging markets, particularly in geopolitically sensitive regions [6][7]. - Morgan Stanley strategists noted that the shift from aggressive growth to value defense indicates institutional investors are gearing up for a potentially prolonged high-interest rate environment and market volatility [7].

Core Viewpoint - The article discusses the evolution and current state of China's satellite application industry, highlighting the significant role of government policies in promoting the development of satellite communication, navigation, and remote sensing technologies as part of national strategic initiatives [1][5][11]. Policy Evolution - The rapid advancement of technology and intensifying geopolitical competition have transformed the application scenarios of satellites in communication, navigation, and remote sensing, making it a critical area for national security and economic growth [1]. - The "14th Five-Year Plan" emphasizes the construction of a global coverage, efficient operation communication, navigation, and remote sensing infrastructure, which is crucial for the development of the satellite industry [11]. National Policy Summary - Recent policies focus on enhancing the coordination efficiency of satellite networks, optimizing procedures, and promoting the efficient use of frequency and orbital resources [5]. - The government supports the entire satellite application industry chain, including manufacturing, launching, ground equipment construction, and operational applications, while encouraging innovation in satellite technology [5][11]. Local Government Initiatives - Various provinces and cities have introduced policies to align with national strategies, particularly in the context of the Beidou satellite navigation system and the "14th Five-Year Plan" [17]. - Local policies aim to foster the development of satellite applications in areas such as smart cities, logistics, agriculture, and emergency communication, leveraging satellite technology for digital transformation [18][19]. Industry Development Goals - The overall goal across provinces is to establish a secure and reliable global satellite internet system, enhancing the integration of satellite applications in various sectors [19]. - Specific initiatives include the promotion of satellite navigation, remote sensing, and communication applications, with a focus on building a robust satellite infrastructure and fostering innovation [19].

【风口研报·洞察】较国内溢价319%! 海外中重稀土价格暴 涨,欧洲氧化箱报价较前期上涨204%,分析师参考其他出 口管制小金属,随着内外价差扩大,在外盘带动下国内价格 同样上行;超配价值和低位成长 风口研报 2025.05.15 21:54 星期四 5月之后,随着年报、一季报披露窗口期已过,中美关税谈判取得一定实质性进展,市场风险偏好有一定回升。 但信达证券认为,考虑到三个因素,这一次季报期后重回成长的配置面临一定挑战: 1、季报等因素带来的季节性规律在年底到年初比较明显,但5-10月规律性存在不强,因为基本面数据被震间隔不长; 2、万得全A指数从4月9日以来反弹幅度可观，后续指数反弹速度或放慢。而成长风格更容易在市场上涨期间活跃； 3、AI和机器人等成长方向长期产业趋势依然不错,但短期能否出现新的类似DeepSeek的产业突变存在不确定性。 因此风格方面,季度内偏向大盘价值,Q3再增加弹性。建议关注部分政策催化下基本面存在积极变化预期的新方向: | | | 《风口研报》 05月15日要点 | | --- | --- | --- | | 行业/公司 | 评级机构 | 核心逻辑 | | | | 1华创证券吴一 ...