0:00 "十五五"规划建议描绘中国未来五年发展蓝图。多领域的创新活力与民生温度双向奔赴，激活发展新场景。 ■政策为"翼" 让创业者"低空腾飞" 2017年，朱胜利与多年的挚友陈方平博士共同创立了公司，取名"云圣智能"，寄托着在低空经济领域腾云驾雾、一飞冲天的壮志雄心。 云圣智能在中关村孵化后，将研发中心设在北京，生产测试与组装环节布局在天津，投身京津冀协同发展，借助天津经济技术开发区的政策支 持，8年的时间，企业产品营收从几十万元增长到数亿元。 "十五五"规划建议描绘中国未来五年发展蓝图，提出"培育壮大新兴产业和未来产业"，部署"加快新能源、新材料、航空航天、低空经济等战略 性新兴产业集群发展"。 "十五五"规划建议提出，全面实施"人工智能+"行动，以人工智能引领科研范式变革，加强人工智能同产业发展、文化建设、民生保障、社会治 理相结合。 ■搭建一座情感的剧场 从事编导十多年，房莹经手了近百台大型演出，舞台再大都尽在掌控。2024年，艺术团将目光投向备受年轻人追捧的小剧场，决心做天津沉浸式 小剧场音乐剧的"开荒者"。 近年来，随着智慧养老平台逐步建设，老年人的晚年生活有了不一样的体验。 ■养老服务师"守护" ...

Group 1: Economic Outlook and Market Trends - The macroeconomic environment is expected to improve gradually, supporting a slow bull market through stable growth policies and economic transformation [1][6] - Emerging industries highlighted in the "14th Five-Year Plan," such as semiconductor chips, artificial intelligence, and biotechnology, are projected to show significant growth, contributing to long-term investment opportunities [1][3] - The market in 2026 is likely to exhibit accelerated sector rotation and broader participation, potentially resembling a comprehensive bull market [1][7] Group 2: Capital Market Dynamics - A noticeable trend of residents shifting savings to capital markets began in 2025, with public fund issuance exceeding 1 trillion yuan, indicating a growing preference for equity funds over bond funds [2][7] - The end-of-year market typically experiences increased volatility, with profit-taking leading to short-term adjustments, which is considered normal [2][8] - Historical patterns suggest a "spring offensive" in the A-share market, driven by significant credit expansion and the return of profit-taking funds post-holiday [2][8] Group 3: Technology Sector Insights - The artificial intelligence sector has shown remarkable performance, with government initiatives promoting "AI+" to enhance productivity across traditional industries [3][9] - A comparison with international markets indicates that A-share and Hong Kong tech stocks are still in the early stages of growth, with significant room for development [3][9] - The valuation of tech stocks should focus on long-term growth potential rather than short-term metrics, as many companies are still in high-investment phases [4][10] Group 4: Precious Metals and Asset Allocation - Gold and silver prices have seen substantial increases, with gold reaching a peak of 4,400 USD per ounce in 2025, and are expected to continue rising in 2026 [4][10] - The U.S. government's high debt levels and interest payments have led to a shift in investor preference towards precious metals as a hedge against dollar depreciation [5][11] - A recommended allocation of approximately 20% in gold assets for investment portfolios in 2026 is suggested to enhance risk-return profiles [5][11] Group 5: Dividend Stocks and Investment Strategies - Dividend-paying stocks, particularly in the banking sector, have performed well in 2025 and are expected to remain attractive in 2026 due to declining deposit rates [12] - Investors are likely to favor stable dividend stocks as they enter the capital market, driven by a low-risk appetite [12] - The overall market logic of a slow bull and long bull remains intact, with sectors like technology innovation, new energy, and consumer upgrades expected to support market performance [6][12]

Group 1: Economic Overview - In 2024, China's GDP exceeded 134.9 trillion yuan, growing by 5.0% year-on-year, ranking among the top major economies globally [2] - The economic structure continues to optimize, with the primary, secondary, and tertiary industries accounting for 6.8%, 36.5%, and 56.7% of GDP, respectively [2] - Consumption, investment, and net exports contributed 2.2, 1.3, and 1.5 percentage points to GDP growth, respectively [2] Group 2: Technological Advancements - China has made significant breakthroughs in cutting-edge technologies such as 6G communication, AI large models, and quantum computing [3] - The first international 6G field test network was established in July 2024, demonstrating potential 6G transmission capabilities [3] - China ranks second globally in the number of open-source participants, with rapid growth in the sector [3] Group 3: New Energy and Carbon Neutrality - The new energy sector has become a growth engine, with China accounting for over 60% of global new wind and solar installations in 2024 [4] - The installed capacity of new energy storage exceeded 70 million kilowatts, with leading companies like CATL and BYD holding a 65.5% market share in the global power battery market [4] - Solid-state battery technology has achieved mass production breakthroughs, with energy density exceeding 400 Wh/kg [4] Group 4: Healthcare Sector - The healthcare market is expanding due to aging population and rising health consumption demands, with government spending in the sector reaching 2.03 trillion yuan in 2024 [5] - AI-assisted diagnosis, gene editing, and telemedicine technologies are accelerating breakthroughs and applications in the industry [5] - Leading companies like WuXi AppTec and Mindray are actively pursuing globalization strategies to capture high-end medical equipment and biopharmaceutical markets [5] Group 5: Financial and Consumer Trends - The total assets of China's financial institutions reached 495.59 trillion yuan in 2024, growing by 7.5% year-on-year [6] - The banking sector's total assets were 444.57 trillion yuan, with a growth rate of 6.5% [6] - The rise of new retail and domestic brands is reshaping the consumer market, with companies like Luckin Coffee and Pop Mart leveraging data-driven strategies [6] Group 6: Emerging and Future Industries - Emerging industries such as new energy, aerospace, and quantum technology are driving economic growth and international competitiveness [7] - The low-altitude economy is projected to reach a market size of 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035 [7] - The embodied intelligence market is expected to exceed 480 billion yuan in 2024, with potential to surpass one trillion yuan by 2031 [7] Group 7: Super CEO Recognition - The "Super CEO" list highlights leaders across various sectors, including healthcare, new energy, entertainment, and technology, showcasing their exceptional leadership and performance [8] - These CEOs have demonstrated resilience and strategic vision in navigating industry challenges and driving company growth [8]

Group 1 - The "14th Five-Year Plan" outlines China's development blueprint for the next five years, emphasizing the dual pursuit of innovation vitality and improving people's livelihoods, which will activate new development scenarios [1][6] - The plan proposes to cultivate and expand emerging and future industries, accelerating the development of strategic emerging industry clusters such as new energy, new materials, aerospace, and low-altitude economy [6][11] - The low-altitude economy is experiencing unprecedented growth in China, driven by supportive policies and technological advancements [6] Group 2 - Yunsheng Intelligent, founded by Zhu Shengli and Chen Fangping in 2017, has seen its product revenue grow from hundreds of thousands to billions over eight years, benefiting from the supportive policies in the Tianjin Economic-Technological Development Area [3][5] - The integration of AI technology in elderly care services is enhancing the precision of care and expanding the working space for caregivers, improving the quality of life for the elderly [10][11] - The cultural tourism sector is being revitalized through the deep integration of culture and tourism, with initiatives to develop small theaters and immersive experiences that resonate with younger audiences [14][16]

Group 1 - The mechanical sector has shown strong performance in 2025, with the Shenwan Mechanical Equipment Index rising by 36.11%, outperforming the Shanghai Composite Index by 19.74 percentage points and the Shenzhen Component Index by 8.78 percentage points [4][16][19] - In the first three quarters of 2025, the mechanical industry reported revenues of 15,135.34 billion yuan, a year-on-year increase of 7.35%, and a net profit attributable to shareholders of 1,080.76 billion yuan, up 16.80% year-on-year [4][22][27] - The public fund allocation ratio for the mechanical equipment sector increased by 0.25 percentage points in Q3 2025 compared to Q3 2024, indicating improved fundamentals and positive policy impacts [29] Group 2 - The equipment manufacturing industry has maintained export resilience, with significant growth in new overseas markets. From January to October 2025, the export delivery value of general equipment, specialized equipment, and transportation equipment reached 6,173.20 billion yuan, 5,319.30 billion yuan, and 4,124 billion yuan respectively, with year-on-year growth rates of 5.5%, 9.3%, and 24.20% [5][33][36] - The overseas sales of engineering machinery continued to grow, with a year-on-year increase of 11.84% in export value from January to October 2025, driven by technological innovation and diversified market strategies [37][41] - The motorcycle industry has established a strong competitive advantage in overseas markets, with exports reaching 1,101.85 million units and 7.278 billion USD in value from January to October 2025, reflecting a year-on-year increase of 22.28% and 28.2% respectively [42][43] Group 3 - The emergence of new manufacturing scenarios signifies a profound transformation from "single technology upgrades" to "systematic ecological restructuring," enhancing production efficiency, product quality, and innovation capabilities [5][46] - Human-shaped robots are expected to address customization challenges in traditional manufacturing, with a market space projected to expand significantly as they transition from industrial applications to household use [47][54] - The intelligent logistics equipment market in China is expected to grow rapidly, with a projected market size of 1,261 billion yuan in 2025, driven by advancements in IoT and AI technologies [64][72]

International Market Overview - The European stock indices closed higher, with the German DAX up 0.07% at 24,203.43 points, the French CAC40 up 0.7% at 8,124.88 points, and the UK FTSE 100 up 1.06% at 9,751.31 points [11] - The US stock market saw slight declines, with the Dow Jones down 0.09% at 48,416.56 points, the S&P 500 down 0.16% at 6,816.51 points, and the Nasdaq down 0.59% at 23,057.41 points [11] - The Hong Kong Hang Seng Index closed down 1.34% at 25,628.88 points, with the Hang Seng Tech Index falling 2.48% [11] - The Nikkei 225 index in Japan fell 1.31% to 50,168.11 points, while the KOSPI index in South Korea dropped 1.84% to 4,090.59 points [11] Domestic News - The article by Xi Jinping in "Qiushi" magazine emphasizes that expanding domestic demand is a strategic move essential for long-term economic stability and security [12] - In November, China's industrial output increased by 4.8% year-on-year, while the service production index rose by 4.2% [13] - The Ministry of Commerce and other departments issued a plan to promote high-quality development in the service outsourcing sector, aiming to cultivate competitive enterprises by 2030 [14] - The National Bureau of Statistics reported a decline in housing prices across 70 cities, with a year-on-year decrease expanding [15] Company News - Meituan announced the suspension of its "Tuan Hao Huo" business to focus on exploring new retail formats [16] - Nvidia released the latest version of its AI model series, Nemotron 3, aimed at providing customizable AI development capabilities across industries [16] - Aerospace Electronic plans to increase its investment in its subsidiary by 728 million yuan [16] - Pengding Holdings intends to invest a total of 4.297 billion yuan in a Thai park by 2026 [16] - Jingjia Microelectronics reported that its subsidiary's AI SoC chip has completed key development stages [16] Research Recommendations - The report on low-altitude economy highlights various developments, including the establishment of a logistics route for drones and the successful test flights of new drone models [17] - The report on 3D NAND suggests that it may become a new growth curve in storage, driven by the expansion of AI applications [18] - The report on the computer industry notes Google's collaboration with a Chinese company to develop AR glasses, marking a significant advancement in the AR field [19]

Core Viewpoint - The collaboration between Shenzhen Futian and Huizhou Boluo is evolving from mere assistance to a mutually beneficial partnership, focusing on industrial development and tourism enhancement. Group 1: Industrial Development - The construction of the Futian-Boluo Industrial Park (Boxi) has reached full structural completion in October 2023, with plans for further development by 2024 [7][8]. - The partnership aims to leverage Boluo's land area of 2,855 square kilometers for industrial growth, while Futian, despite its high economic density, faces space limitations [9][10]. - A "Five Consistencies" cooperation mechanism has been established, focusing on joint planning, policies, investment attraction, services, and benefits, promoting the development of six key industries in Boluo [13][15]. - A total of 14 projects have been successfully established across three major areas, with a planned total investment of 3.76 billion yuan (approximately 537 million USD) [18][19]. - The industrial park is attracting quality enterprises, including those from Shenzhen and Dongguan, focusing on sectors like new energy batteries and storage systems [20][22]. Group 2: Tourism and Cultural Exchange - Boluo's tourism sector is experiencing significant growth, with a reported 30% increase in tourist flow since 2025, and a threefold increase in homestay bookings [34][36]. - The collaboration has led to the creation of 15 boutique tourism routes, enhancing Boluo's visibility and attracting visitors from the Greater Bay Area [32][33]. - Events like the "River Mountain Reflects the Moon" promotional activity have successfully showcased Boluo's agricultural products, generating approximately 12 million yuan (around 1.7 million USD) in sales [47]. Group 3: Infrastructure and Community Development - The "Luofu Future City" project is being developed over an area of approximately 192 square kilometers, aiming to integrate services and enhance collaboration between Futian and Boluo [57][58]. - The establishment of a supercharging station in Boluo is set to provide efficient green energy services, supporting low-carbon travel in the region [62]. - Initiatives in healthcare and education are being implemented, including the introduction of advanced medical equipment and the construction of new school facilities, enhancing local community services [66][70].

记者从四川长虹（600839）获悉，近日，旗下长虹电源自主研发的800V高压平台电池组，成功保障我 国国产首款重载电动垂直起降飞行器（eVTOL）AR-E800完成首次飞行。该电池组作为飞行器的核心动 力部件，攻克了高电压绝缘、热管理及轻量化等高难度技术挑战。首飞过程中，电池组全程工作稳定可 靠，实现了"零异常"运行。 在低空经济浪潮席卷而来的当下，四川长虹正以其深厚的产业积累，悄然构建起一条覆盖"空天地"的全 产业链条。公司旗下零八一、长虹电源、长虹佳华、虹信软件等在低空经济的"天网"与"天路"建设上取 得关键突破，一个从核心部件、数字基建设施到安全管控系统的立体化产业布局已清晰浮现。 生态协同：构建产业闭环，瞄准基础设施蓝海 四川长虹的低空经济版图并非单点开花，而是依托内部产业协同，形成了"产品+方案+服务"的闭环能 力。 长虹电源聚焦飞行器核心动力系统，提供高安全性的eVTOL电池及应急电源解决方案。旗下零八一主 攻低空安全防线，其反无人机系统、探鸟雷达等特种装备已部署于北京、广州等多个4F级机场，实现 低空安防的民用化突围。而长虹佳华扮演数字基建整合者与场景方案服务商，利用自身在ICT分销与云 计算领 ...

近日，36氪主办的"WISE2025商业之王"系列大会举行。会上发布了"WISE2025商业之王年度企业系列名册"，天津经开区企业天津云圣智能科技有限责任 公司 （以下简称云圣智能）成功入选"年度低空经济创新企业"。这是云圣智能连续第2年获此殊荣。 据悉，"WISE商业之王"系列大会自2013年创办以来，始终聚焦新经济核心脉络，精准捕捉技术商业化、产业结构化升级的前沿信号，被誉为"前瞻中国商 业经济的风向标"。而"WISE2025商业之王年度企业系列名册"的评选旨在 深入中国商业一线，系统梳理并呈现出年度最值得关注的企业，通过专业调 研，挖掘那些推动产业发展、为经济增长提供创新动能的企业。 当前，低空经济正迎来前所未有的发展机遇，逐步从创新场景走向真实经济循环。在应急救援、物流配送、城市巡检、空中交通等场景应用不断深化的背 景下，低空网络与城市治理、民生需求、产业链效率之间的联动日益紧密。云圣智能连续获评"年度低空经济创新企业"，是其持续推动产业数字化转型、 助力新质生产力发展的重要见证。 . 0 0 212 22 大洋量(含計因) 核感 (经开区) 核酸产业联盟2025年终主席会议召开 天津 全球最低体重( ...

Core Insights - Hubei Province is expanding its low-altitude economy through the establishment of the "Hubei Aerospace and Intelligent Industry Investment Fund" with a total scale of 1 billion yuan [1][2] - The fund is a collaboration between Hubei Cultural Tourism Group, Jingmen State-owned Assets, and other partners, focusing on attracting and nurturing key players in the hard-tech low-altitude industry [1][2] - Jingmen City is recognized as a national comprehensive demonstration zone for general aviation, housing 28 low-altitude economy enterprises [2] Group 1 - The fund aims to leverage Hubei Cultural Tourism Group's extensive low-altitude application scenarios to promote a closed-loop and ecosystem construction across the industry chain [1] - Jingmen has implemented 13 special policies to support the low-altitude economy, covering key aspects from R&D to infrastructure [2] - Hubei's strategic plan for low-altitude economic development aims for a breakthrough in industry scale to exceed 100 billion yuan by 2027 [2] Group 2 - The collaboration reflects Jingmen's vision and determination to cultivate strategic emerging industries, aligning with Hubei Cultural Tourism Group's future-oriented strategy [2] - The 2024-2027 action plan outlines a clear blueprint for developing the low-altitude economy, emphasizing the need for a complete industrial system and innovation [2] - By 2027, Hubei aims to have a well-developed low-altitude infrastructure and significantly enhanced industry capabilities [2]