评 新 而 论 科技赋能 制造向新 当前，新一轮科技革命和产业变革深入发展，创新渗透于生产力诸要素中，贯穿于制造业全流程。作为 发展新质生产力的基本路径，科技创新是产业升级的核心动力，产业创新则为科技创新提供广阔应用场 景和市场空间，两者相互依存、相互促进。打通基础研究到产业应用的瓶颈，架起产品从"实验 室"到"生产线"的桥梁……"十四五"时期，我国科技管理体制实现重塑，新型举国体制优势充分彰显。 在制度创新的有力推动下，科技创新和产业创新加速融合。 作为创新主体，企业在技术研发、成果转化中的主导作用进一步凸显，研发投入占比超过77%；高新技 术企业超50万家，较2020年增加83%。规模以上制造业企业研发经费占营业收入比重超过1.6%，570多 家工业企业入围全球研发投入2500强。企业发明专利产业化率达53.3%，较"十三五"末提高8.4个百分 点。更多创新成果转化为现实的生产力，也在打造企业未来的核心竞争力。 我国正处在经济转型升级的关键期。展望未来，新型工业化之路既充满机遇也面临挑战，比如关键技术 攻关、产业结构优化等任务依然艰巨，产业非理性竞争的问题还比较突出。推动制造业高端化、智能 化、绿色化发展 ...

Core Insights - The 2025 Service Trade Fair concluded with record high participation and achievements, featuring nearly 2,000 offline exhibitors and over 5,600 online participants, attracting more than 250,000 attendees and resulting in over 900 outcomes in various sectors including construction, information technology, and finance [1][2][6]. Group 1: Event Overview - The event was held at Shougang Park, marking the first time it was hosted at a single location, focusing on digitalization, intelligence, and sustainability [3]. - The fair saw participation from nearly 800 international guests from over 30 countries and regions, promoting open cooperation and mutual benefits in trade [3][4]. - More than 480 Fortune 500 and leading industry companies participated, accounting for over 25% of the exhibitors, with a significant increase in the number of top-tier companies compared to the previous year [3]. Group 2: International Participation - The fair attracted 85 countries and international organizations, with Australia leading the largest guest country exhibition, promoting services in education, tourism, and green economy [4]. - The overall internationalization rate of offline exhibitors exceeded 20%, covering 26 of the top 30 countries and regions in service trade [4]. Group 3: Key Outcomes and Reports - Significant discussions took place among over 260 international organization leaders and industry executives on topics such as e-commerce development, new trends in service trade, and global green economy [5]. - Multiple reports were released, including the China Service Trade Development Report and the Global Service Trade Inclusive Development Trend Report, highlighting the direction of service trade development [5]. Group 4: Interactive Experience and Engagement - The fair featured a "town-style exhibition" with increased negotiation space and dedicated areas for online meetings, enhancing the visibility and discussion of services [6]. - A variety of interactive experiences were organized, including cultural performances and sports events, which attracted over 150,000 participants during the five-day event [6].

行业"顶流"集结 9月14日下午，2025年服贸会闭幕式新闻发布会举办。据北京市商务局副局长张华雨介绍，260余位国际 组织负责人、境内外部长、世界500强高管、中外院士等重要嘉宾出席本届服贸会，围绕数智时代电商 发展、服务贸易新趋势、数字贸易创新能力提升、旅游文明互鉴、全球绿色经济发展等热点话题深入交 流，为服务贸易高质量发展探索有效路径。 张华雨介绍，2025年服贸会先后发布中国服务贸易发展报告、全球服务贸易包容发展趋势报告、世界旅 游城市发展报告、服务贸易国际标准化观察报告等重磅成果，系统呈现服务贸易发展风向。 在首发创新成果方面，商务部发布《支持北京市率先试行世贸组织〈电子商务协定〉工作方案》，推动 全球首个多边数字贸易规则在中国加快落地。北京正式发布首批通过北京真实场景检验的"北京方案"， 包括1个数智化算力底座、1个北京市政务云、N个应用方案。世界500强、独角兽企业、国家级"专精特 新"小巨人、首台（套）企业、行业协会等113家企业机构，发布人工智能、金融科技、医疗健康、绿色 低碳等领域198项成果，包括109项精准医疗、超高清视听、光量子计算机、仿生细胞传感器等方面的新 品首发。 服贸会成绩单 ...

我国新能源汽车去年产量突破1300万辆，产销量连续10年保持全球第一;累计培育专精特新中小企业超 过14万家，"小巨人"企业1.46万家;制造业增加值增量预计达到8万亿元，总体规模连续15年保持全球第 一…… 9月9日，国新办举行新闻发布会，介绍"十四五"时期大力推进新型工业化、巩固壮大实体经济根基有关 情况。工业和信息化部部长李乐成在会上表示，"十四五"以来，工业和信息化系统与各地区、各部门一 道，推进新型工业化持续走深走实，取得新的历史性成就。 创新是推动新型工业化和实体经济发展的核心动力。"十四五"期间，工业和信息化部强供给、搭平台、 壮主体、促转化，大力提升产业科技创新能力，有力带动产业跃迁升级。 李乐成介绍，"十四五"期间，工业和信息化部新布局了16家国家级制造业创新中心，总数达到33家，突 破近700项关键共性技术，打通基础研究到产业应用的瓶颈。同时，累计认定187家工业和信息化部重点 实验室，遴选首批241家工业和信息化部重点培育中试平台，架起了产品从"实验室"到"生产线"的桥 梁。 同时，我国企业的科技创新主体地位实现"新跃升"。在创新投入方面，工业和信息化部落实研发费用加 计扣除等相关政策， ...

9月9日，在国新办举行的新闻发布会上，工信部部长李乐成用六个"更加"概括"十四五"以来新型工业化 走深走实、取得的历史性成就——"压舱石"作用更加凸显、创新动能更加澎湃、产业结构更加优化、数 智化应用更加普及、产业基础更加牢固、专精特新"金字招牌"更加闪亮。"十四五"期间，中国工业发展 从"有没有"向"好不好"迈进，攀高向优、"新"潮澎湃。 新型工业化之"新"，在于产业格局的优化重塑。 2024年我国18家传统制造业企业入选世界品牌500强，国货国潮品牌加速崛起，优质产品畅销全球；新 能源汽车、光伏、锂电池、船舶和海洋工程装备等一批具有国际竞争力的优势产业培育壮大；人形机器 人已具备从关键芯片、部组件到整机的全产业链制造能力，超导量子计算机、光量子计算机实现了量子 优越性验证……"十四五"以来，我国传统产业加快"焕新"，新兴产业加速"领跑"，未来产业加力"生 根"，构建起多元发展、多极支撑的现代产业体系。 新型工业化之"新"，在于技术路径的颠覆创新。 5G、人工智能、工业互联网……这些不再是遥远的概念，而是正在改变工业生产方式的现实力量。全 国"5G+工业互联网"建设项目超过2万个，"无人矿山""黑灯工厂"" ...

此外，据创新南山公众号，近日，国内量子计算领军企业——北京玻色量子科技有限公司自建的"专用 光量子计算机制造工厂"正式落地深圳南山区，同时在南山智城注册成立两家子公司。此次玻色量子自 建的国内首个规模化专用光量子计算机制造工厂，建成后预计年产光量子计算机可达数十台/套，可形 成专用光量子计算机的批量生产产能。 国金证券指出，在低基数和新技术落地加快背景下，预计计算机板块下半年总体经营强度会好于上半 年。预计大的主线预计还是集中在AI产业链相关方向，宏观背景上，有人工智能+行动鼓励AI与科学技 术、产业、社会治理等结合落地，中观角度，三季度进入国内外头部大模型厂商密集更新迭代周期， AI落地应用进展持续，微观角度，今年半年度相关上市公司AI落地陆续披露相关进展，进展喜人，下 半年预计环比有积极增长，明后年预期收入占比进一步提高，有望提供更多的业绩和估值弹性。看好三 个方向，第一是AI+软硬结合落地；第二是软件端，AI在C端和出海方向落地；第三是AI在B端与企业 服务软件、制造业信息化等环节的结合和Agent落地。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） ...

Industry News - The Ministry of Commerce announced the final review ruling on anti-dumping measures for imported phenol from the US, EU, South Korea, Japan, and Thailand, continuing to impose anti-dumping duties starting from August 29, 2025, for a period of five years [2] - The 2025 China International Big Data Industry Expo opened in Guiyang, with 375 domestic and foreign enterprises participating. The National Development and Reform Commission predicts that by the end of this year, the added value of the digital economy is expected to reach approximately 49 trillion yuan, accounting for about 35% of GDP [2] - Some photovoltaic glass companies have begun to adjust their new single quotes for September, with the benchmark price for 2.0mm single-layer coated (panel) rising to 13 yuan per square meter, an increase of 2 yuan per square meter compared to July [2] - A recent report indicates that global semiconductor revenue is expected to nearly double from 2024 to 2030, exceeding 1 trillion dollars [3] - The Guizhou Provincial Party Secretary stated at the 2025 China International Big Data Industry Expo that the focus will be on strengthening the digital economy through computing power, data, applications, and industries [3] - The China Federation of Industry and Commerce released the "2025 China Top 500 Private Enterprises," with JD Group, Alibaba (China) Co., Ltd., and Hengli Group Co., Ltd. ranking in the top three [3] - The domestic cobalt price continues to rise slightly, with the European market also seeing a small increase, as overseas raw material prices are adjusted upward, supporting cost strength [3] Company News - Cambrian announced that it expects to achieve an annual revenue of 5 billion to 7 billion yuan in 2025, while indicating that there are no new product release plans [4] - SMIC reported a revenue of 32.348 billion yuan for the first half of the year, a year-on-year increase of 23.1%, and a net profit of 2.301 billion yuan, up 39.8% year-on-year [5] - Dongxin shares announced that there is a risk of abnormal stock trading fluctuations and will suspend trading for verification [6] - Guolian Minsheng reported a net profit growth of 1185% year-on-year for the first half of the year and plans to establish a 1.22 billion yuan fund with Guolian Life Insurance to invest in new quality productivity and smart technology [7] - Huahong Semiconductor released its semi-annual report, showing a 72% year-on-year decline in net profit [11] - CITIC Securities reported a 29.8% year-on-year increase in net profit for the first half of the year [11] - Anta Sports announced that it is not a party to the potential acquisition transaction of Canada Goose Holdings [11] - XGIMI Technology reported a net profit growth of 2062% year-on-year for the first half of the year [11] - Wanchen Group reported a net profit growth of 50359% year-on-year for the first half of the year [11] - North China Innovation announced a net profit growth of 29.39% year-on-year for the first half of the year [11]

Macro News - The Central Committee of the Communist Party of China and the State Council released an opinion on promoting high-quality urban development, aiming for significant progress in modernizing urban construction by 2030 and basic completion by 2035 [3] - The Ministry of Commerce announced that a trade negotiation delegation will visit the U.S. after holding discussions in Canada, indicating ongoing international trade dialogues [3] Industry News - The Ministry of Commerce announced the continuation of anti-dumping duties on imported phenol from the U.S., EU, South Korea, Japan, and Thailand for another five years starting August 29, 2025 [4] - The 2025 China International Big Data Industry Expo opened in Guizhou, with 375 participating companies, and the digital economy's added value is expected to reach approximately 49 trillion yuan by the end of the year, accounting for about 35% of GDP [4][5] - Some photovoltaic glass companies have raised their new single quotes for September, with the benchmark price for 2.0mm single-layer coated glass increasing to 13 yuan per square meter, up by 2 yuan from July [4] Company News - Cambrian announced an expected revenue of 5 billion to 7 billion yuan for the year 2025, with no new product release plans [9] - SMIC reported a revenue of 32.348 billion yuan for the first half of the year, a year-on-year increase of 23.1%, and a net profit of 2.301 billion yuan, up 39.8% [10] - Huahong Semiconductor reported a 72% year-on-year decline in net profit for the first half of the year [12] - CITIC Securities announced a 29.8% year-on-year increase in net profit for the first half of the year [13] - Gree Electric reported a net profit of 14.412 billion yuan for the first half of the year, a year-on-year increase of 1.95% [18] - North Huachuang reported a net profit of 3.208 billion yuan for the first half of the year, a year-on-year increase of 14.97% [19] Investment Opportunities - The first dedicated optical quantum computer manufacturing plant in China has been established in Shenzhen, with an expected annual production capacity of several dozen quantum computers [23] - Beijing Guangyin Aggregation Technology Co., Ltd. has successfully overcome key technical challenges in photoresist, becoming the first company in China with ton-level production capacity, indicating rapid market development in the semiconductor photoresist sector [24]

Group 1 - Shenzhen will establish a quantum computer manufacturing plant, expected to produce dozens of optical quantum computers annually, enabling mass production of specialized optical quantum computers [1] - The plant will be operated by Beijing Boson Quantum Technology Co., Ltd., a company focused on quantum computing research and development [1] - Optical quantum computing utilizes the quantum properties of light for computation, offering significant information capacity and superior parallel processing capabilities, achieving exponential acceleration for specific computationally difficult problems [1] Group 2 - The manufacturing facility will encompass three main business segments: module development, complete machine production and manufacturing, and quality control and testing systems [1] - Construction of the plant is currently underway, with equipment deployment expected to begin by the end of October 2025 [1]

Core Insights - Shenzhen is set to establish a light quantum computer manufacturing plant, expected to produce several dozen light quantum computers annually, enabling mass production of specialized light quantum computers [1] Group 1: Company Overview - Beijing Boson Quantum Technology Co., Ltd. will construct and operate the light quantum computer manufacturing facility [1] - The facility will encompass three main business segments: module development, complete machine production and manufacturing, and quality control and testing systems [1] Group 2: Technology and Advantages - Quantum computing possesses immense information carrying capacity and superior parallel processing capabilities, achieving exponential acceleration for specific computationally difficult problems [1] - Light quantum computing leverages the quantum properties of light for computation, representing a mainstream quantum computing technology [1] - Compared to other technological routes, light quantum computing does not require ultra-low temperatures and offers advantages such as a large number of qubits, stable operation at room temperature, and long coherence times, making it feasible for engineering applications in the short term [1] Group 3: Future Developments - The construction of the plant is currently underway, with equipment deployment expected to begin by the end of October 2025 [1]