2025.07. 10 本文字数：2947，阅读时长大约5分钟 作者 | 第一财经 钱童心 16位"未来科学大奖"历年得主齐聚上海北外滩，共话推动人类未来发展的颠覆性科学技术。 7月8日，未来科学大奖十周年庆典在上海举行。未来科学大奖上海峰会联席主席、上海交通大学李 政道研究所副所长丁洪院士表示，希望激励更多年轻人投身科学前沿。 "未来科学大奖"被《自然》杂志称为"中国诺贝尔奖"，由民间公益组织颁发，设有生命科学奖、物质 科学奖、数学与计算机科学奖三大奖项，表彰在中国做出具有世界级影响力的科研成果，单项奖金高 达100万美元。 今年是未来科学大奖成立十周年。过去十年来，已有39位科学家获得未来科学大奖。真格基金创始 人徐小平表示："也许在100年后，比起诺贝尔奖，中国科学家更想获得未来科学大奖。" 寻找"不老药"和永久持续的能源 在生物医学领域，基础研究、应用研究和临床研究之间的鸿沟正在缩小，已进入相互融合、协同发展 的阶段。近年来，诞生了一批有望颠覆未来疾病治疗格局的具有潜力的疗法，包括一针预防心脏病或 治愈肿瘤的基因编辑疗法。 顶尖生物医学领域专家、香港中文大学校长卢煜明院士强调，如何在基础医学研究和临床 ...

上海超导：高温超导带材龙头企业 ——科创板新股纵览 2025年7月7日 光大电新公用环保团队 证券研究报告 核心观点 上海超导是高温超导带材的全球龙头。公司成立于2011年，通过不断研发创新建立了覆盖"装备研制—原料配方—镀膜工艺—分切封 装—质控监测"等第二代高温超导带材生产全流程的核心技术，目前是全球唯一一家实际年出货量超1000公里的超导企业。2024年公司 实现营业收入2.40亿元，同比增长187.40%，实现归母净利润7294.74万元，成功扭亏。 请务必参阅正文之后的重要声明 1 中庚基金 目 录 一、上海超导：高温超导带材全球龙头 请务必参阅正文之后的重要声明 2 技术进步加速推动下游应用产业化进程，2030年市场规模有望突破百亿元。和第一代高温超导带材相比，第二代高温超导带材较高的临 界温度（液氮温区）、较高的载流能力、较高的临界场强、较高的力学强度，以及相对廉价的生产原料等优势，正加速推动下游应用领 域的持续发展。根据赛迪数据，预计2030年全球高温超导材料市场规模将超百亿至105亿元，2024~2030CAGR为53.91%， 其中可控核 聚变领域的市场规模有望从2024年的3亿提升至20 ...

上海超导：高温超导带材龙头企业 ——科创板新股纵览 2025年7月7日 光大电新公用环保团队 证券研究报告 核心观点 上海超导是高温超导带材的全球龙头。公司成立于2011年，通过不断研发创新建立了覆盖"装备研制—原料配方—镀膜工艺—分切封 装—质控监测"等第二代高温超导带材生产全流程的核心技术，目前是全球唯一一家实际年出货量超1000公里的超导企业。2024年公司 实现营业收入2.40亿元，同比增长187.40%，实现归母净利润7294.74万元，成功扭亏。 技术进步加速推动下游应用产业化进程，2030年市场规模有望突破百亿元。和第一代高温超导带材相比，第二代高温超导带材较高的临 界温度（液氮温区）、较高的载流能力、较高的临界场强、较高的力学强度，以及相对廉价的生产原料等优势，正加速推动下游应用领 域的持续发展。根据赛迪数据，预计2030年全球高温超导材料市场规模将超百亿至105亿元，2024~2030CAGR为53.91%， 其中可控核 聚变领域的市场规模有望从2024年的3亿提升至2030年的49亿元，CAGR为59.29%。 技术、设备、交付能力是公司的三大核心竞争力，市占率保持行业领先。技术方面，公司 ...

Industry Insights - The State-owned Assets Supervision and Administration Commission (SASAC) emphasizes the need to enhance the resource security of important metal minerals and accelerate the comprehensive development of the non-ferrous metal industry chain, including exploration, investment, development, construction, smelting, and processing [1] - A new round of mineral exploration strategy is being implemented to increase reserves and production of important metal minerals, while also promoting a positive image of central enterprises in the "going out" strategy [1] - There is a focus on achieving high-quality stable growth by closely monitoring macroeconomic conditions and industry trends, adjusting business strategies, and planning major projects to support domestic demand expansion [1] Technology and Market Trends - High-temperature superconductors are expected to see increased market share due to ongoing developments in superconducting cables and controlled nuclear fusion applications [2] - The ReBCO tape is anticipated to significantly reduce production costs compared to first-generation high-temperature superconductors, presenting vast commercial prospects [2] - Controlled nuclear fusion is viewed as a potential ultimate solution for human energy needs, with commercial development prospects expected to accelerate as domestic and international projects progress [2] Company Developments - Western Superconductor is the only company in China that has achieved commercial production of superconducting wires, with products used in major scientific projects such as the International Thermonuclear Experimental Reactor (ITER) and China's fusion reactor [3] - Baile Electric has developed superconducting current limiter technology and is involved in the construction of smart grids for the State Grid, with products certified by IEC to enhance grid stability [3] - Dongfang Tantalum is recognized as the world's largest research and manufacturing base for superconducting niobium materials, achieving a stable RRR value of over 500 for high-purity superconducting niobium materials [4]

本文字数：707，阅读时长大约2分钟 7月3日，A股三大指数早盘集体上涨。截至午间收盘，上证指数报3457.36点，涨0.07%，深成指 报10490.5点，涨0.75%，创业板指报2152.54点，涨1.36%。 | 上证指数 | 深证成指 | 北证50 | | --- | --- | --- | | 3457.36 | 10490.50 | 1437.87 | | +2.56 +0.07% +77.87 +0.75% -1.28 -0.09% | | | | 科创50 | 创业板指 | 万得全A | | 983.50 | 2152.54 | 5324.13 | | +0.86 +0.09% +28.82 +1.36% +16.36 +0.31% | | | 盘面上热点较为杂乱，个股上涨和下跌家数基本相当。 从板块来看，重组蛋白、创新药、CRO板块涨幅居前，超导、BC电池、培育钻石板块走弱。 2025.07. 02 主力资金早间净流入电子、医药生物、通信等板块，净流出有色金属、基础化工、银行等板块。 具体到个股来看，工业富联、宁德时代、立讯精密获净流入14.98亿元、9.72亿元、7.82亿元。 净流出方面 ...

Group 1 - The construction of Hegang Luobei Airport in Heilongjiang Province has received preliminary design approval, marking the completion of preliminary work and the transition to full construction phase [2][3] - The airport is designed to handle an annual passenger throughput of 450,000 and a cargo throughput of 1,600 tons, featuring a 2,500-meter runway and a terminal building of 5,008 square meters [2][4] - The airport project aims to support the transformation of Hegang, a resource-depleted city, by enhancing air transport connectivity and promoting tourism and diversified industries [4][3] Group 2 - The planning for Hegang Airport began in 2013, with various approvals received over the years, including a joint approval from the State Council and Central Military Commission in 2022 [3][4] - The local government aims to start construction by June 2024 and expects the airport to be operational by 2027 [4] - Heilongjiang Province currently has 14 civil transport airports, ranking fifth in the country, and the new airport will enhance the regional transportation network [4] Group 3 - The Civil Aviation Administration and China National Railway Group are promoting the development of air-rail intermodal transport, focusing on collaboration and integration [5] - A new superconductor base with an investment of 2.5 billion yuan has commenced construction in Pudong, which will be the largest project in the global superconducting field [6] - Hubei Province has established a 10 billion yuan humanoid robot investment fund, focusing on core areas of humanoid robots and artificial intelligence [8]

长三角正以创新场景为引擎，重塑消费市场格局。近日，2025年上海最佳旅游新场景大赛揭晓的66个获 奖项目，勾勒出长三角消费场景的升级路径。东方滨江大酒店"会议+文旅+消费"的复合模式，将商务 场景转化为消费生态；蟠龙天地通过"夜经济+古镇活化"，在青石板路上构建沉浸式消费动线；嘉定汽 车文化节以"IP+市集"联动，让工业遗产成为潮流消费地标。消费空间不再是单一场地，而变成兼容社 交、沉浸、互动与情绪价值的体验生态。与此同时，各地政策协同发力，在场景创新与制度赋能的双轮 驱动下，长三角正在从"各自发力"走向"协同进化"的消费新阶段。 再造消费场景，激活长三角消费潜力 当前，长三角地区正通过多元化的场景创新实践，以"文旅商体展"融合为核心打造沉浸式、社交化的消 费新场景。 浙江以"节庆赛事+消费"模式激活市场潜力。2025年电子体育大赛带动动漫嘉年华等配套活动衍生消费 超250万元，杭州国足世预赛更拉动旅游消费3.08亿元。"1851"全民健身赛事体系形成常态化消费机 制，2024年"体育+文旅商"融合产值已突破800亿元，而《优化消费环境三年行动》中"品字标"品牌矩阵 等政策，则为场景创新提供了供给端支撑。 江 ...

Core Viewpoint - Jiangsu Yongding Co., Ltd. announced that its subsidiary, Eastern Superconductor Technology (Suzhou) Co., Ltd., will sign a debt-to-equity conversion agreement with Industrial Guoxin Asset Management Co., Ltd. This agreement involves converting 12 million RMB of convertible bond loans into equity investment, which will result in a slight decrease in Yongding's ownership percentage in Eastern Superconductor while maintaining control over the subsidiary [2][3][6]. Group 1: Transaction Overview - The debt-to-equity conversion involves converting 12 million RMB of the 30 million RMB convertible bond loan into an investment in Eastern Superconductor, based on a pre-investment valuation of 63 million RMB [2][5]. - After the conversion, Yongding's direct ownership in Eastern Superconductor will decrease from 60.9524% to 59.8131%, while the total ownership by Yongding and its wholly-owned subsidiary will decrease from 67.4286% to 66.1682% [3][6]. - The transaction has been approved by the company's board and does not require shareholder approval, as it does not constitute a related party transaction or a major asset restructuring [8][9]. Group 2: Impact on Company - The debt-to-equity conversion is expected to enhance Eastern Superconductor's operational strength and address urgent funding needs, potentially attracting strategic investors and new business opportunities [40]. - The company will continue to maintain actual control over Eastern Superconductor post-conversion, ensuring that the arrangement does not adversely affect its financial status or normal operations [40]. - The arrangement of the buyback rights associated with this transaction is designed to be manageable and will not harm the interests of the company or its shareholders, particularly minority shareholders [40].

巨丰投顾：周二市场震荡运行，中船系涨幅居前。历史数据显示，近20年上证指数在7月上涨概率为 60%。投资者可从三方面布局：节奏上，上旬防御为主，警惕外部冲击，配置公用事业等板块，下旬聚 焦中报业绩，关注超预期个股及政策动向；风格上，金融（政策刺激、低估值优势）与成长（科技政策 持续、产业趋势上行）占优；操作上，重点关注科技（半导体、人工智能核心企业）、军工（阅兵催 化、订单增长）及中报高增领域（TMT、中游制造等），规避业绩风险股。 沪深两市主要股指7月1日开盘涨跌不一，沪指微幅高开，深成指和创业板指小幅高开。沪指全日呈震荡 上扬态势；深成指和创业板指早盘期间震荡下行，深成指午间收盘前反弹，午后翻红并最终小幅收涨， 创业板指在接近回补缺口后有所回落，收盘时小幅下跌。指数表现方面，沪指7月1日的收盘点位高于6 月25日的收盘点位，再创年内收盘新高。 盘面上，医药股领涨，免疫治疗、创新药、重组蛋白、仿制药、减肥药、肝炎概念、毛发医疗等多个医 药医疗的细分领域指数均有较大幅度上涨。当日，船舶、工业气体、光刻机、银行、超导概念等板块亦 有显著上涨。数字货币股跌幅靠前，电子身份证、跨境支付、Web3概念等板块亦有较大幅 ...

Core Insights - The high-temperature superconducting (HTS) materials industry is experiencing significant growth opportunities due to breakthroughs in superconducting technology across various sectors such as energy, healthcare, and transportation [3][4] - The industry faces challenges including high material costs, technological shortcomings, and an incomplete supply chain, which need to be addressed for sustainable development [8][9] Group 1: Development Opportunities - Breakthroughs in scalable production technologies for HTS materials have been achieved, with companies in China's Yangtze River Delta region capable of producing kilometer-long YBCO superconducting wires, reaching international advanced levels [4] - The application of HTS materials is becoming increasingly mature, with developments in superconducting power equipment and the establishment of the world's first superconducting substation [5] - The market demand for HTS materials is experiencing explosive growth, with a tenfold increase since 2020, driven by the potential commercialization of fusion reactors and advancements in high-energy accelerators [6] Group 2: Challenges to High-Quality Development - The cost of HTS materials remains high, limiting their large-scale application, with YBCO wire prices around $150 per kA·m, far from the target of $50 per kA·m for widespread use [8] - Key technologies for high-end superconducting magnets are still reliant on imports, hindering the industry's ability to compete globally [9] - The supply chain for HTS materials is not fully developed, with dependencies on foreign imports for critical raw materials and equipment, posing risks to self-sufficiency [9] Group 3: Strategies for Advancement - The industry should focus on core technology breakthroughs, collaborative development, and the establishment of an innovative ecosystem to enhance the rapid development of the HTS materials sector [10][11] - Strengthening the supply chain by ensuring the availability of high-purity raw materials and advanced manufacturing technologies is essential for the industry's growth [10] - Encouraging participation from local governments, leading enterprises, and research institutions in R&D efforts will foster a collaborative innovation platform, promoting resource sharing and technological standards [11]