【东吴电新曾朵红团队】每日速递 市场快报 今日上证综指下跌0.96%，深证成指下跌0.66%，创业板指上涨1.27%，电气设备板块指数为3578.47，下跌0.22％， 在申万一级行业中排名10/28。 公告纵览 【国轩高科】预计25年归母净利25亿–30亿元，同比增长107.16%-148.59%。 【阿特斯】预计2025年归母净利9- 【东吴电新曾朵红团队】每日速递 市场快报 【华宝新能】预计25年归母净利1，550-2，300万元，同期下降90.40%-93.53%。 今日上证综指下跌0.96%，深证成指下跌0.66%，创业板指上涨1.27%，电气设备板块指数为3578.47，下跌0.22％， 在申万一级行业中排名10/28。 公告纵览 【国轩高科】预计25年归母净利25亿–30亿元，同比增长107.16%-148.59%。 【阿特斯】预计2025年归母净利9-11亿元，同比下滑51%–60% 【合盛硅业】预计25年亏损28-33亿元，受工业硅与有机硅价格下行及光伏板块产线停产、资产减值（约11–13亿 元）影响。 【天华新能】预计25年归母净利1.15–1.3亿元，同比增长104.74%–131.45 ...

2025年以来，股市表现强劲，公募基金行业同样捷报频传，规模持续创出新高，年末更是增长至37.71 万亿元，逼近38万亿元。 分类来看，权益类与债券类基金成为增长主力。股票基金表现亮眼，2024年末规模为4.45万亿元，2025 年末攀升至6.05万亿元，规模增量达1.6万亿元，增幅高达35.93%；值得一提的是，2025年8月，股票基 金实现了阶段性最多规模增长，8月底规模达5.55万亿元，与7月底的4.92万亿元相比，增长6300亿元。 此外，权益基金中的混合基金同步增长，从2024年末的3.51万亿元增至2025年末的3.68万亿元，稳步释 放活力。 固定收益类基金中，债券基金规模大幅扩容，从2024年末的6.84万亿元增至2025年末的10.94万亿元，成 为规模增长的重要助推器；与此同时，债券基金份额与其规模增长相匹配，显示大量资金流入。 1月28日，中国证券投资基金业协会（简称"中基协"）发布最新一期公募基金市场数据，截至2025年12 月底，我国境内公募基金管理机构共165家，其中基金管理公司150家，取得公募资格的资产管理机构15 家。以上机构管理的公募基金资产净值合计37.71万亿元，创历史 ...

Core Insights - Longhua District has released its first batch of 90 scenario demand lists and 60 capability lists, aiming to connect government and park applications with emerging technologies for precise investment attraction [2][4] Group 1: Scenario Demand and Capability Lists - The released scenario demands cover key areas such as low-altitude economy, smart governance, smart security, smart healthcare, intelligent construction, and public infrastructure, addressing industrial upgrade bottlenecks and urban governance challenges [2][3] - The capability list includes 60 breakthrough technologies and products from local and external enterprises, with a 60% match to the scenario demands, featuring innovations like high-rise building firefighting drones and integrated intelligent information platforms [3][4] Group 2: Government Initiatives and Support - Longhua District government acts as the "chief experience officer" for enterprise products, promoting an open innovation ecosystem by reserving budget for innovative scenario construction in new government investment projects [5][6] - The district has established a comprehensive investment promotion service system to support the entire lifecycle of enterprises, ensuring efficient one-stop services for global investors [4][5] Group 3: Technological Advancements and Applications - The integration of digital twin and AI technologies has significantly reduced the average processing time for urban governance issues to about one hour, enhancing safety and efficiency in operations [6][7] - Longhua has become a national model for low-altitude economy, with over 139 takeoff and landing facilities and a comprehensive management platform for drone services, achieving substantial reductions in delivery times [6][7] Group 4: Future Development Plans - The district has outlined a two-year plan to enhance innovation application scenarios, focusing on resource exploration, integrated scene construction, and establishing efficient supply-demand matching mechanisms [8]

Core Insights - The article discusses the rising importance of electricity supply in the context of AI expansion, highlighting that the focus has shifted from merely generating power to ensuring reliable delivery and capacity [1][6]. Group 1: AI Electricity Demand Surge - The demand for electricity from data centers is expected to grow significantly, with the International Energy Agency (IEA) projecting global data center electricity consumption to reach approximately 415 TWh in 2024 and potentially rise to about 945 TWh by 2030, nearly doubling [4]. - This growth is characterized by structural changes, driven by the expansion of computing infrastructure, increased power density of devices, and longer operational hours [4]. Group 2: Supply Constraints - The key issue is not a global electricity shortage but rather the concentration of demand at specific grid nodes, leading to challenges in connection and delivery [5]. - In regions like Northern Virginia, new data center loads face lengthy queue and expansion periods for grid connection, with some studies indicating that connection research could take over 10 years [5]. Group 3: Capital Strategies - Companies are shifting their approach to electricity from a cost item to a strategic limit on expansion, locking in deliverable capacity through long-term power purchase agreements (PPAs) and bundled supply arrangements [7]. - The combination of high demand growth, supply-side constraints, and capital strategies indicates that electricity has become a primary constraint for AI expansion, with structural and sustainable implications [7]. Group 4: Repricing of Electricity - The trading logic of electricity is evolving, with a focus on long-term stability and deliverable capacity rather than just price optimization [8]. - Companies like Meta and Google are entering into long-term agreements to secure stable power supplies, emphasizing the importance of reliability and predictability in electricity delivery [8][9]. Group 5: Investment Pathways in New Energy - The article outlines three main investment pathways: renewable energy and storage, stable low-carbon power sources, and the integration of energy with AI infrastructure [13][14]. - The focus is on transforming electricity from a commodity into a deliverable capability, with an emphasis on ensuring that power can be reliably accessed and delivered [13]. Group 6: Collaboration and Market Entry - Chinese renewable energy companies are encouraged to form partnerships with local entities to enhance project delivery capabilities and meet the rigid electricity demands of developed markets [15][18]. - This collaborative approach aims to leverage China's manufacturing and delivery strengths while addressing local regulatory and operational challenges [16].

（来源：新华日报） □ 陈 柳 对标对表中央经济工作会议部署的"八个坚持"重点任务，省委经济工作会议布置的"八个方面"重点工 作，其中之一是"因地制宜发展新质生产力"，为全省高质量发展锚定了方向。今年是"十五五"开局之 年，作为经济大省、制造强省、科技创新的重要策源地，江苏肩负"挑大梁"的光荣使命，开局成效关乎 全国发展大局。 共建上海（长三角）国际科技创新中心：拓展长三角科创协同合作新空间 将上海国际科技创新中心拓展至长三角三省一市，是党中央着眼于提升国际科技创新中心全球影响力、 竞争力作出的重大部署。我省以《关于促进长三角科技创新协同发展的决定》正式实施为契机，制度化 推进参与长三角科技创新协同发展，构建江苏成为长三角科创全域协同格局的重要一翼。 强化战略科技力量对接整合。打通江苏高校科研力量嵌入长三角创新链的通道，推动我省高水平大学与 长三角中国科学院系统、沪浙皖高校联合开展前沿研究，强化基础研究与人才培养协同。推动紫金山实 验室、苏州实验室与上海张江科学城、安徽合肥综合性国家科学中心等重大平台建立协同攻关机制，聚 焦量子科技、人工智能、生物制造等前沿领域开展跨学科、跨区域研究，形成一批引领性原创成果。 ...

长沙晚报全媒体记者 徐运源 通讯员 冯建刚 聂庆 厚植沃土，"创新种子"拔节生长 长沙科技型中小企业首次突破万家，新质生产力多赛道开花 先进制造领域，硬核突破不断涌现。在湖南艾科威半导体装备有限公司车间，技术人员正在调试 VCSEL立式氧化炉。该设备不仅填补国内高端氧化设备空白，更在低温控温精度与均匀性上实现"国际 领先"。这家看中良好营商环境与完善产业链，选择落户望城经开区的企业，研发的技术产品已服务300 余家行业领军企业。 5分钟完成中医"望闻问切"的机器人，24小时守护校园安全的"千里眼"，打破国外垄断的半导体设 备……这些在不同赛道涌现的科技成果，如同一块块拼图，构筑起一座创新之城的生动画卷。 来自市科技局的数据显示：2025年，长沙科技型中小企业数首次破万，已有1.2万余家。这一亮眼的数 字背后，技术合同成交额同步突破1500亿元，彰显了长沙的创新效能正加速释放。 连日来，记者采访发现，这些企业遍布在长沙市17条重点产业链，既有本土培育的创新力量，也有从外 地招引的优质企业，更有从高校走出的创业新锐。它们共同构成了长沙建设全球研发中心城市的底座， 书写着科技创新和产业创新深度融合的实践故事，为星城 ...

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Group 1 - The core viewpoint of the articles emphasizes the significant role of the Guangdong-Hong Kong-Macao Greater Bay Area in technological innovation, showcasing both the quantity and quality of patents as indicators of economic strength and innovation capability [1][2][4] - By the end of 2025, the effective number of invention patents in the Yangtze River Delta, Beijing-Tianjin-Hebei, and Guangdong Province is projected to reach 173.4 million, 91.6 million, and 89.9 million respectively, accounting for approximately two-thirds of the national total [1] - The Greater Bay Area has achieved notable success in patent quality, with Shenzhen winning 81 awards at the 25th China Patent Awards, representing 10.5% of the national total, including 9 gold awards [2] Group 2 - High R&D investment correlates with increased market competitiveness, as demonstrated by leading tech companies in Shenzhen, such as Huawei, Tencent, and BYD, which are maintaining substantial R&D expenditures [3] - The recognition of private enterprises in technological innovation is growing, with three experts from private companies being elected as academicians of the Chinese Academy of Engineering, indicating a shift towards greater contributions from the private sector [3] - The "14th Five-Year Plan" highlights the goal of significantly enhancing the level of technological self-reliance and strength, positioning the Greater Bay Area as a crucial innovation cluster in China's technological advancement [4]

Group 1 - The core viewpoint emphasizes the transformation of Huzhou from a geographical center in the Yangtze River Delta to a technology innovation center, driven by scientific and technological innovation [5][13] - Huzhou's R&D expenditure as a percentage of GDP reached 3.5%, ranking third in the province, with a historical high of 371 million yuan in funding secured [5] - The city has established a "first-use, then-transfer" model for technology commercialization, which has led to the creation of seven innovation pools covering various industries and 823 items included in the pool [6][7] Group 2 - Huzhou has incubated 39 technology companies with a local conversion rate of 97%, and has built concept verification centers to facilitate the initial stages of technology commercialization [7] - The city has accelerated technology investment, signing 31 projects with a total investment of 22.424 billion yuan in 2025, focusing on sectors like semiconductors and optoelectronics [8] - Major projects include a 9 billion yuan micro-cavity electronic paper display project and an 11.75 billion yuan intelligent logistics equipment factory, showcasing significant investment in emerging industries [9] Group 3 - Huzhou's technology financing environment has improved, with a 19.26% year-on-year increase in loans to technology enterprises, totaling 137.8 billion yuan [11] - The city has introduced a technology financial advisor system, serving over 360 technology companies and addressing financing needs of 1.5 billion yuan for 100 companies [12] - Huzhou is fostering a talent flow mechanism through a "multi-track system," enhancing collaboration between universities and enterprises, and has selected 249 "technology vice presidents" to promote talent mobility [12][13]

在数字基建的赛道上，枢纽效应持续释放。中国移动（600941）鲁南算力网络中心正式投产，辐射济宁、枣庄等四地市的算力版图，为新质生产力注入核 心动能；全市累计实施500万元以上工业新上和技改项目5543个，规上工业企业数字化深度转型率达到50%，实数融合效能全面释放。全市1.8万个5G基站 织就的通信网络，如同绵延舒展的"数字动脉"，持续为城市数字化迭代扩容。 产业集群的聚合效应愈发显著。珞石机器人作为链主企业，不仅成为首个挺进小米YU7焊装车间的国产工业机器人品牌，更吸引苏州明池、天达航科等20 余家上下游企业落户，推动核心零部件国产化率大幅提升。山东时代新能源基地的首批产品扬帆出海，山东时代新能源科技有限公司ISD经理郭孟超表 示："待整个项目全面建成后，济宁有望成为宁德时代（300750）北方产能最大、工艺最先进的储能电池与动力电池生产基地。"2025年，全市数字经济核 心产业营收突破700亿元，较2021年实现翻番，曲阜汽车电子、高新区数字终端等集群已成为省级标杆。 齐鲁晚报.齐鲁壹点孔茜 当鼓乐声与机械臂的运转韵律共振，光影秀中机器人精准勾勒出儒家文化符号。2026山东省机器人春节晚会的节目单上，济 ...