以上内容节选自国泰海通证券已发布的证券研究报告。 报告名称： 国内政策细则出台助推太空算力发展，再提能源强国指引核聚；报告日期：2025.12.16 报 告作者： 肖群稀（分析师），登记编号：S0880522120001 黄龙（分析师），登记编号：S0880525070027 重要提醒 报告导读： 上周（ 2025/12/8-2025/12/12 ）机械设备指数涨跌幅为 +1.80% 。国内 政策细则出台，助推太空算力进程；中央经济工作会议战略指引可控核聚变发展；半导体 设备销售稳步增长，多晶硅产能整合收购平台正式落地； 国内政策细则出台，助推太空算力进程。 近日，国家航天局印发《国家航天局推进商业航天高质量安全发展行动计划（ 2025 — 2027 年）》，顶层设计助 推太空算力发展。其中提到，推动卫星数据安全高效利用。鼓励地方政府引导商业航天主体在应用端发力，开发典型示范应用场景。推动出台卫星数据传输安 全标准，规范数据获取和使用，提升卫星系统和地面网络安全防护能力。研究商业卫星数据安全分类分级标准和安全监管机制，推动卫星数据应用落地。建设 商业卫星数据共用可信平台，推动建立空间大数据共享与交易机制、天基 ...

Core Points - The letter from General Secretary Xi Jinping to Tianjin University on its 130th anniversary emphasizes the importance of cultivating talent and achieving technological self-reliance, inspiring students and faculty to contribute to national development [1][2][3] - The university's commitment to fostering a sense of national responsibility and innovation in education aligns with the broader goal of building a strong educational and technological nation [1][2][3] Group 1 - Tianjin University, founded in 1895, is recognized as China's first modern university, and its history reflects a commitment to national service and education [1] - The university's leadership expresses a determination to enhance talent cultivation and align educational goals with national strategic needs, focusing on producing innovative and globally-minded graduates [1][2] - Faculty and students are motivated to engage in research that supports national goals, such as the "dual carbon" targets and technological advancements [3][4] Group 2 - The response from students and alumni highlights a collective responsibility to uphold the university's legacy and contribute to scientific innovation and national development [2][3] - The emphasis on integrating education with industry and research is seen as crucial for fostering a talent pool that meets the demands of the economy and society [3][4] - The commitment to addressing key technological challenges and enhancing research capabilities is underscored by various academic leaders, reflecting a unified approach to achieving national objectives [3][4]

Core Viewpoint - The Hainan Provincial Government has issued a three-year action plan (2025-2027) to accelerate the development of a modern industrial system with unique advantages, focusing on the commercial aerospace industry chain [1] Group 1: Industry Development - The plan emphasizes the cultivation of a complete commercial aerospace industry chain, particularly around the Wenchang International Aerospace City [1] - Key initiatives include the establishment of major aerospace innovation bases and the expansion of rocket, satellite, and data chains [1] - The plan aims to enhance the core capabilities of commercial aerospace launch sites and expedite the construction of the second phase and supporting facilities of the launch site [1] Group 2: Infrastructure and Projects - The construction of a satellite super factory and the initiation of projects such as the satellite component manufacturing center and rocket major segment manufacturing center are highlighted [1] - The plan encourages the introduction of commercial aerospace companies to develop assembly and testing capabilities, promoting integrated development of satellites, rockets, and launch sites [1] Group 3: Innovation and Revenue Goals - The plan aims to leverage leading industry players and innovation platforms like the Hainan Satellite Data and Application Research Center and the Hainan Aerospace Technology Innovation Center for technological breakthroughs and application of results [1] - By 2027, the revenue of the Wenchang International Aerospace City aerospace industry cluster is projected to reach 10 billion yuan [1]