极地问题同样如此。北极航道的意义不仅仅是缩短运输距离，更重要的是重塑全球物流格局。中国在这一方向采取了合作与建设并行的策略，注重破冰能力 的提升、科研投入和基础设施的规划，形成了一整套系统。反观美国，在极地事务上的现实能力，与其雄心勃勃的战略目标并不匹配。美国的装备数量有 限，更新节奏较慢，整体投入也长期不足。 美国战略圈最近发出了一个不太寻常的信号。在讨论中国时，焦点明显发生了变化，不再过多纠结于关税、芯片、贸易逆差等老问题，而是开始着眼于更长 远的未来。一些重量级的声音已经公开承认，真正决定胜负的地方，根本不在眼前的市场竞争，而是在未来几十年的规则制定和空间掌控上。 最近，美国权威杂志《外交事务》刊登了一篇重要评论，作者是伊丽莎白·伊科诺米（Elizabeth Economy）。她的文章题为《中国如何赢得未来》，文章指 出，长时间以来，美国对中国的讨论陷入了误区。舆论场上充斥着关税清单、技术限制和企业制裁，看似热闹，实际上这些只算是表面的摩擦。美国的战略 界现在给出的判断更加直白：中美博弈的真正核心已经转向了五个新兴领域：深海、极地、太空、网络空间和金融体系。这些领域有一个共同点：短期内看 不到什么明显的 ...

2025年，得益于人工智能和科技行业的蓬勃发展，全球亿万富翁群体实现了创纪录的财富增长。 据《福布斯》统计，过去一年，全球新增了340多位亿万富翁，比过去五年平均水平增长了50%；亿万富翁总财富则达到18.7万亿美元，同 比增加了3.6万亿美元，较2020年则增加了10万亿美元。 财富排行榜上最顶尖的群体也看到了身价的大幅增长。截至目前，千亿美元级别的富豪人数已经达到创纪录的19位，而六年前，达到这一水 平的只有亚马逊的贝索斯一人。 今年创下单日身价飙升纪录的富豪并非是马斯克。9月10日，甲骨文联合创始人兼董事长拉里·埃里森因甲骨文公司股价飙升36%，而获得 了近1000亿美元的财富增量，创下世界纪录。 甲骨文随后因为业绩不达预期，股价在近段时间回落了约40%，但埃里森财富较年初仍增长了近400亿美元。 除了这两位因科技业投资而盆满钵满的富豪，谷歌的两名创始人拉里·佩奇和谢尔盖·布林也因人工智能而财富暴涨。谷歌近日发布了 Gemini 3模型，引发了市场了高度关注外，同样也帮助谷歌股价大幅上涨。 与此同时，GPU制造商英伟达首席执行官黄仁勋受益于英伟达的优异表现而在财富榜单上蹿升。英伟达股价在本年稳步上涨，年 ...

12月26日（周五），上证指数在3970点附近突发跳水，但午后V型拉升，强势翻红。截至13:45，上证指 数报3965点，创业板指、深证成指等主要指数跟随翻红，商业航天再度强势，中国卫星一度涨停，股价 创出历史新高，总市值逼近1000亿大关。 全市场跟踪沪深300的ETF，费率最低的为沪深300ETF华夏（510330.SH）。 （文章来源：每日经济新闻） 盘面上，有色金属、电力设备行业涨幅领先，整体上大市值风格占优，阳光电源、比亚迪、紫金矿业、 中国中免均涨超5%，均为沪深300指数成分股。 ...

Core Viewpoint - The market experienced a significant fluctuation with all three major indices dropping after an initial rise, indicating volatility in investor sentiment and market dynamics [1][2] Market Performance - The total trading volume in the Shanghai and Shenzhen markets reached 1.45 trillion, an increase of 251.3 billion compared to the previous trading day [1][2] - Over 3,900 stocks in the market declined, reflecting a broad-based sell-off [1][2] Sector Highlights - The lithium battery industry chain showed strong performance, with Tianji Co. achieving three consecutive trading limits in four days, and other stocks like Hongyuan Pharmaceutical and Yongxing Materials also hitting trading limits [1][2] - The commercial aerospace sector remained active, with Shenjian Co. achieving seven consecutive trading limits and Jiuding New Materials reaching four consecutive limits, alongside gains for Jiayuan Technology and Zhongchao Holdings [1][2] - The photovoltaic sector saw localized gains, with companies like GCL-Poly and Yijing Optoelectronics hitting trading limits [1][2] - The Hainan Free Trade Zone concept was notably active, with Hainan Development achieving five trading limits in six days [1][2] Declining Sectors - The computing hardware sector underperformed, with Changguang Huaxin experiencing a decline of over 10% [1][2] Index Closing - At market close, the Shanghai Composite Index fell by 0.19%, while the Shenzhen Component Index rose by 0.17%, and the ChiNext Index decreased by 0.15% [1][2]

编辑 ｜ 钉钉 | 600736 苏州高新 +9.98% | | | 6.61 | | --- | --- | --- | --- | | 002201 九鼎新材 | | +9.98% | 12.45 | | 603278 大业股份 | | +9.97% | 12.80 | | 603601 | 再升科技 | +9.81% | 13.32 | | 605598 | | +9.06% | 67.51 | | 300699 | 光威复材 | +8.89% | 35.02 | 12月26日早盘，商业航天板块延续强势，再度掀起涨停潮。神剑股份7连板， 佳缘科技20%涨停，泰 尔股份、中超控股、电科网安、钧达股份、航天发展、隆基机械等十余股均涨停。 | 代码 | 名称 | 涨幅％v | 现价 | | --- | --- | --- | --- | | 301117 | 佳缘科技 | +20.00% | 59.21 | | 300900 广联航空 | | +18.90% | 37.11 | | 300503 | 昊志机电 | +12.55% | 48.87 | | 301079 | 邵阳液压 | +11.75% | 34 ...

Core Viewpoint - Yantai City is actively implementing comprehensive reforms during the "14th Five-Year Plan" period, aiming to enhance economic development and establish itself as a leading city in northern China with a GDP exceeding 1 trillion yuan [1][2]. Economic Development and Reform - Yantai's GDP has crossed three trillion yuan milestones, becoming the first prefecture-level city in northern China to exceed 1 trillion yuan in 2023 [2]. - The city has developed a modern industrial system, with 252 enterprises contributing nearly 70% of the industrial output value while representing less than 10% of the total number of industrial enterprises [2]. - Yantai has been recognized for its strategic emerging industries, with the establishment of several significant industrial clusters, including one valued at 300 billion yuan and another at 200 billion yuan [2]. Institutional and Market Reforms - The city has implemented significant reforms in state-owned enterprises, reducing the number from 19 to 12 and optimizing their operations [3]. - Yantai's state-owned enterprises are expected to see asset growth of 111%, revenue growth of 119%, and profit growth of 15% compared to the end of the "13th Five-Year Plan" [3]. Business Environment and Financial Reforms - Yantai has introduced over 600 innovative measures to improve the business environment, addressing more than 6,300 feedback requests from enterprises [4]. - The city has maintained its position as the top city in China for fiscal transparency for eight consecutive years [4]. Regional Development and Urban Planning - Yantai is advancing urban planning reforms, with significant projects underway to improve urban infrastructure and living conditions for nearly 500,000 households [5]. - The city has established 126 rural revitalization zones to support agricultural and rural development [6]. Green and Low-Carbon Development - Yantai has been recognized as a national pilot city for carbon peak initiatives and has made significant strides in clean energy development [7]. - The city has achieved air quality standards for eight consecutive years and has been awarded the International Garden City Gold Award [7]. Social Development and Public Services - Yantai has implemented reforms in education, healthcare, and social security, with a focus on improving employment support for key demographics [8]. - The city has achieved a 95% coverage rate for preschool education and has established a comprehensive elderly care service system [8]. Safety and Governance - Yantai has developed a robust social governance framework, receiving recognition as a model city for social governance modernization [9]. - The city has established a collaborative mechanism between government and judicial bodies to enhance legal and social stability [9]. Party Leadership and Reform Direction - Yantai emphasizes the integration of party leadership in all reform processes, ensuring alignment with national and provincial directives [11]. - The city is committed to continuous reform efforts, focusing on systemic integration and practical outcomes to support its development goals [12].

Group 1: Market Performance - The A-share market showed mixed performance with the Shanghai Composite Index rising by 0.47% to close at 3959.62 points, while the Shenzhen Component Index increased by 0.33% to 13531.41 points, and the ChiNext Index rose by 0.3% to 3239.34 points [2][3] - The commercial aerospace sector continued to strengthen, with stocks like China Satellite and Superjet Co. hitting the daily limit, while humanoid robot stocks also saw significant gains [2] - The total trading volume in the Shanghai and Shenzhen markets was approximately 1.92 trillion yuan, an increase of about 443 billion yuan compared to the previous day [2] Group 2: Industry Developments - Four leading silicon wafer companies have jointly raised their prices significantly, attributed to the substantial increase in upstream silicon material costs [8] - The National Tobacco Monopoly Administration is soliciting opinions on a draft notice aimed at regulating the electronic cigarette industry, focusing on investment behaviors and capacity control [8] - The Ministry of Commerce expressed strong opposition to the U.S. imposing additional tariffs on semiconductor products, indicating that formal negotiations have been initiated [6][11]

| 大涨板块 | 251225 (周4) | 251224 (周3) | 251223 (周2) | 251222 (周1) | 251219 (周5) | | --- | --- | --- | --- | --- | --- | | 1 | 航天42 | 航天37 | 锂电池8 | 海南自由贸易港23 | 大消费17 | | 2 | 机器人24 | 福建自贸/海西概念11 | 液冷服务器7 | 光通信12 | 海南自由贸易港7 | | 3 | 造纸4 | 液冷服务器3 | 海南自由贸易港5 | 国产的片17 | 核聚变8 | | ব | 跨境支付3 | 国产科学5 | PCB板4 | 民謡2 | 无人驾驶11 | | રે | 西部大开发3 | 光通信8 | 有色 · 钨2 | 航天10 | 航天15 | | 6 | ST股15 | ST股10 | ST股13 | ST股23 | ST股12 | | 7 | 国产科片9 | 大消费8 | 国产商片10 | 机器人9 | 医药6 | | 8 | 大消费7 | 云计算数据中心5 | 大消费7 | 大消费8 | 房地产6 | | ਰੇ | 股权转让4 | 海南自 ...

以下文章来源于笔记财经晨会 ，作者笔记小助手 笔记财经晨会 . 有观点的财经晨会 点击上方 蓝字"笔记财经晨会" 关注我们 今日金曲：南征北战-骄傲的少年 笔友们早上好！点击上方音频收听详细晨会内容，音频末尾放送今日金曲，也可以留言区点歌哦！ 【20251225笔记晨会】 一、权益市场： 商业航天强势反弹，昨天割肉的看傻了 1. 商业航天：短线颠簸不改长期星辰大海 12月25日：中科宇航利剑1号遥12，民营火箭技术试验与迭代； 12月26日：长征八号，验证重复使用技术，冲击性价比新高； 2. 重要消息：购房新政+外贸新高 昨天我们聊了长征12甲的新闻，很多人挺悲观的。 全球航天发射已进入 周更时代 ，今年全球共实施325次发射、入轨航天器4026颗，中国全年发射87次，其中民营商业火箭企业执行23次，成功入 轨324颗卫星。这一变化正在重塑行业： 近期发射日程 " 好戏连台 " 成本大跳水 ：可回收火箭技术让发射成本大幅下降，卫星从"天价奢侈品"变"平价组网商品"； 制造流水线 ：高频发射推动卫星制造工业化量产，效率与标准化升级； 商业闭环落地 ：低成本催生新应用场景，资本涌入形成良性循环，行业从主题投资转向 ...

Core Viewpoint - The article discusses the emerging field of space computing, highlighting its potential advantages, current developments, and the challenges it faces in becoming a viable alternative to traditional computing methods [3][5][6]. Group 1: Definition and Importance of Space Computing - Space computing refers to the deployment of computational resources in space, allowing for data processing and AI model training in a unique environment [8][10]. - The recent successful training of AI models in space by Starcloud marks a significant milestone, indicating the beginning of serious competition in the space computing sector [4][5]. - Major tech companies and countries are investing in space computing, with initiatives from SpaceX, Blue Origin, and Google, reflecting a growing interest in this area [5][6]. Group 2: Advantages of Space Computing - Space computing can overcome three major bottlenecks faced by traditional computing: energy consumption, water resource limitations, and spatial constraints [15][18]. - The abundance of solar energy in space can significantly reduce energy limitations for AI computations [15]. - The vacuum of space allows for efficient heat dissipation, eliminating the need for extensive cooling systems that consume water [16]. - Space offers virtually unlimited room for data centers, avoiding the social resistance faced by ground-based facilities [17]. Group 3: Engineering Forms and Business Models - Three potential engineering forms for space computing are identified: orbital computing nodes, modular computing clusters, and hybrid space-ground computing systems [19][20]. - Modular computing clusters could serve large-scale, low-latency tasks, appealing to sectors like astrophysics and materials science that require extensive computational resources [22]. - The hybrid model integrates space computing with existing cloud services, allowing for a division of labor where energy-intensive tasks are offloaded to space [24]. Group 4: Challenges Facing Space Computing - Technical challenges include the harsh conditions of space, such as radiation and temperature extremes, which complicate the reliability of computing systems [27]. - Economic uncertainties arise from the high initial investment and long return periods associated with space computing infrastructure [28]. - The potential for resource congestion in space could lead to increased risks of collisions and environmental instability in orbit [29]. - Regulatory issues regarding governance and accountability for space-based computing systems remain unresolved [30]. Group 5: Conclusion and Future Outlook - The future of space computing is uncertain, but its development could parallel historical advancements like the railway system, potentially transforming the AI landscape [33].