广东弘景光电科技股份有限公司 江苏天工科技股份有限公司 申万宏源集团股份有限公司 三维协同 以全周期服务护航新质生产力发展 ——证券行业服务科技创新调研之申万宏源样本 站在"十五五"即将开启的重要历史节点，资本市场服务新质生产力的路径日益清晰。随着制度创新持续 深化、耐心资本规模壮大、专业服务能力提升，证券行业将进一步打通"科技—产业—金融"的良性循 环，为高水平科技自立自强提供坚实支撑，为中国式现代化注入更强劲的资本动能 ◎记者 徐蔚 常佩琦 弘景光电车间内，搭载4800万像素超高清广角镜头的摄像模组正有序下线，即将成为影石创新全景相机 的核心部件；天工股份智能生产基地里，钛合金粉材生产线高速运转，为航空航天、医疗器械、消费电 子等战略性新兴产业提供更加稳定、安全和高性能的新材料支撑。 从光学技术突破到新材料产业化，这些企业的成长离不开资本市场的专业支持。申万宏源证券立足"产 业资本赋能平台与资本市场桥梁"的定位，以"产研+投资+投行"三维协同模式，衔接科技、资本、产 业，用全周期综合金融服务为科技创新"浇水施肥"，让新质生产力在资本市场沃土中加速成长。 科创板、创业板改革向纵深推进，北交所专精特新培育体系 ...

2019年7月22日，苏州企业华兴源创作为"科创板第一股"闪亮登场，与另外两家苏州企业共同完成科创 板"首秀"；2025年12月30日，苏州企业强一股份成功登陆科创板，成为科创板第600家上市公司，为资 本市场再添"苏州力量"。 历时六年多深耕，苏州科创板上市公司已达58家，占全国科创板总数9.6%，位列全国第三；IPO融资总 金额超720亿元，总市值约6700亿元，位居全国第四，形成了"数量领跑、质量过硬、生态完备"的资本 市场发展格局，成为苏州经济转型升级的重要引擎。 "科创军团"提质扩容 作为全国科创企业集聚高地，苏州打造的"科创军团"可谓"兵强马壮"。 从行业分布来看，58家科创板上市公司中，新一代信息技术产业达到29家，占据半壁江山；高端装备制 造、生物医药、新材料产业各有9家、8家、8家，新能源产业3家，节能环保产业1家，全面覆盖科创板 重点支持领域。 在关键核心技术领域，苏州企业不断实现"从0到1"的突破："科创板第一股"华兴源创打破半导体检测领 域国际垄断，更以产业资本入局磁悬浮工业传输领域，开启战略延伸；阿特斯依托大型储能先发优势， 前三季度储能产品出货量达5.8GWh，同比增长32%，在海 ...

要把昆明的分量做起来，才能带动滇中的发展。 云南明确了未来5年区域发展的战略，省会昆明继续被委以重任。 12月29日，《中共云南省委关于制定云南省国民经济和社会发展第十五个五年规划的建议》（下称《云南省"十五五"规划建议》） 发布，提出推动形成"昆明率先、滇中引领、区域协同、廊带联动、全域开放"的区域协调联动格局。 《云南省"十五五"规划建议》还提出，支持昆明率先基本实现社会主义现代化。推动滇中地区更好发挥全省经济社会发展核心区和 动力源作用。鼓励各地区立足比较优势各展所长、协同联动、错位发展。推动中国—中南半岛经济走廊、孟中印缅经济走廊和沿 边、沿线、沿江经济带联动发展。 与其他中西部省份一样，云南对省会发展也寄予厚望。2021年，云南省"十四五"规划提出"做大做强昆明省会城市"。到2025年，昆 明市地区生产总值占全省经济总量的比重达到30%以上，战略性新兴产业增加值比重达到17%以上，常住人口城镇化率达到75%以 上。 2022年，云南正式提出实施"强省会"行动，出台了一系列政策措施；同时，又建立了"强省会"行动协调推进工作机制，云南省省长 王予波亲自召开了9次现场会研究推动127个事项有关工作，从政策 ...

Macro Foundation: Strong Policy Guidance - Major countries view AI as a strategic core technology, with China promoting deep integration of AI with the real economy through its "New Generation Artificial Intelligence Development Plan" and the U.S. ensuring its leadership in AI through the "National Artificial Intelligence Initiative" [3][4] - Various countries have introduced policies to actively layout artificial intelligence, including the U.S. proposing a unified federal standard for AI regulations, China setting clear goals for AI integration by 2030, and the EU establishing a comprehensive AI regulatory framework [5][6] Chemical Industry Policy - The Ministry of Industry and Information Technology in China has issued a "Stabilizing Growth Work Plan for the Petrochemical Industry (2025-2026)", focusing on innovation, efficiency, demand expansion, and collaboration, with AI becoming a key driver for industry transformation [6][7] New Materials Policy - Governments worldwide are implementing targeted policies for new materials, aiming to break through critical bottlenecks and secure future technological advantages [9][10] - China has established a "New Materials Big Data Center" plan, aiming to create a comprehensive data-driven innovation paradigm in the materials sector by 2035 [12][13] AI and Chemical Industry Integration - AI is expected to deeply integrate into the entire lifecycle of the chemical industry, creating a data-driven, intelligent decision-making, and continuously optimizing system [15][16] - Major chemical companies are increasingly adopting AI technologies to enhance production efficiency and product quality, with examples including collaborations with tech firms for smart factory initiatives [17][18] Demand and Application of AI - The demand for AI is driving significant growth in the AI server market, with projections indicating a rise from $125.1 billion in 2024 to $222.7 billion by 2028 [37][38] - The energy consumption of AI data centers is expected to double by 2025, highlighting the increasing energy demands associated with AI advancements [45][46] Renewable Energy and AI - The share of renewable energy in China's total power generation is projected to reach 88% by 2050, with significant growth in wind and solar energy contributing to the energy needs of AI [51][52] - The development of a new power system centered on renewable energy is crucial for reducing the carbon footprint of AI computing [51][52] Market Trends in Chemical Materials - The chemical materials sector is evolving towards "smart material systems" that integrate multiple functionalities, driven by the demands of embodied intelligence products [35][36] - The market for embodied intelligence products is expected to reach 400 billion yuan by 2030, with significant growth anticipated in the robotics and drone sectors [30][31]

Core Viewpoint - Hengsheng Energy (605580) is focusing on the research and industrialization of MPCVD diamond growth technology through its subsidiary Zhejiang Huamao Technology Co., Ltd. [1] Group 1: Company Overview - The company has established a comprehensive industrial chain covering CVD equipment manufacturing, diamond growth, and processing [1] - Huamao Technology's wholly-owned subsidiary, Huamao Equipment, is responsible for the manufacturing and assembly of MPCVD equipment [1] - Some components are sourced from key suppliers in both domestic and international supply chains [1]

Group 1 - The core viewpoint of the article is that Wanshun New Materials (300057) is advancing its industrialization process of composite copper foil, with thickness customized according to customer needs [1] Group 2 - The company is actively engaging with investors through an interactive platform, indicating a commitment to transparency and communication [1] - The focus on customization suggests a strategic approach to meet specific market demands, potentially enhancing competitive advantage [1]

导语 "吸引更多的资本、人才等要素向硬科技产业集中。" 从首批25家拓荒者，到如今600家公司集结，科创板的融资规模也不断增加。截至12月30日，IPO募集 资金9557亿元，再融资募集资金2139亿元，合计超1.1万亿元。 清华大学国家金融研究院院长、清华大学五道口金融学院副院长田轩对第一财经称，600家企业集聚科 创板，不仅能形成显著的产业集群效应，更能通过上下游协同创新加速科技成果转化，形成相互促进、 共同发展的良好生态。同时，吸引更多的资本、人才等要素向硬科技产业集中，激励更多企业投身于核 心技术研发和创新。 研发投入持续加码 经过六年半的发展，科创板已成为中国硬科技企业上市首选地。 600家上市公司主要分布于新一代信息技术、生物医药、高端装备、新能源、新材料、节能环保等高新 技术产业和战略性新兴产业。其中，有389家公司入选国家级专精特新"小巨人"企业名录，65家公司被 评为制造业"单项冠军"示范企业，49家公司主营产品被评为制造业"单项冠军"产品，合计（去重后418 家）占板块公司总数的70%。 （2019年至今科创板公司家数及IPO募资规模） 在多元包容的发行上市条件之下，科创板已支持60家未盈 ...

《获得政府补助公告》 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 截至2025年12月30日收盘，科创新材（920580）报收于15.16元，较前一交易日上涨0.26%，最新总市值 为13.04亿元。该股当日开盘15.29元，最高15.41元，最低14.9元，成交额达2641.73万元，换手率为 3.69%。 公司近日发布公告称，2025年9月30日至2025年12月29日期间，洛阳科创新材料股份有限公司收到政府 补助资金230万元。该补助为与收益相关的政府补助，占公司最近一个会计年度经审计净利润的 24.20%。公司根据《企业会计准则第16号-政府补助》进行会计处理，最终以审计机构年度审计确认结 果为准。 最新公告列表 ...

Core Viewpoint - The current investment landscape emphasizes the importance of a solid business model, experienced founders, and validated projects rather than just appealing business plans and presentations [2][3][23]. Group 1: Investment Criteria - Startups that attract investment must align with national trends and address real industry problems, rather than merely following popular trends [4][6][9]. - Founders should be experienced veterans rather than just charismatic speakers, as the team's capability is crucial for success [11][14][15]. - Projects need to demonstrate validation through tangible products, customer interest, and solid data on customer acquisition costs and profit margins [17][20][22]. Group 2: Changing Investment Logic - The investment focus has shifted from future potential and visionary ideas to current realities and practical implementations [24]. - Investors are now more interested in the execution capabilities and resilience of founders rather than their educational backgrounds or past achievements [25][26].

Core Viewpoint - The establishment of the "China International Science and Technology Promotion Association Mother Fund Branch" aims to enhance the role of mother funds in China's capital market, promoting the flow of social capital towards innovative and entrepreneurial enterprises, thereby fostering the healthy development of the investment industry, particularly the mother fund sector [1]. Group 1: Fund Establishments and Investments - A mother fund successfully issued a science and technology innovation bond with a scale of 500 million yuan and a term of 3 years, showcasing strong investor confidence with a subscription multiple of 2.58 times [4][5]. - The Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guidance Fund was established in Shenzhen with a target scale of 5.045 billion yuan, focusing on early-stage investments in strategic emerging industries [8][6]. - The Dongguan Science and Technology Transformation Fund completed a seed round investment in Aisimo Intelligent Materials, aimed at addressing high-end material challenges in semiconductor manufacturing and other precision industries [10][11]. - The Guotai Haitong Jiangcheng Shengu Fund was established with an initial scale of 200 million yuan, focusing on investments in the semiconductor industry [14][15]. - The Guoxin Fund invested in Qingyun New Materials, which specializes in flash-spinning materials, achieving significant technological breakthroughs and independence from foreign technology [18][19]. Group 2: Investment Performance and Future Plans - Changjiang Investment plans to invest in 8 "first stocks" by 2025, with 15 quality enterprises already listed, demonstrating strong investment incubation capabilities across various strategic emerging sectors [22][20]. - Suzhou Angel Mother Fund's investment in marine robotics company Shihang Intelligent has attracted significant attention, indicating the fund's strong investment vision and the company's potential in the marine economy [26][27].