Group 1 - The aerospace industry is recognized as a leading and complex field of high-tech integration, requiring the overcoming of numerous technical challenges from design to launch of commercial rockets [1] - Star River Power has become the first private rocket company in China to achieve continuous and stable launch success, utilizing 3D printing to reduce production cycles to under one month and costs to about one-tenth of traditional methods [3] - Beijing is a hub for aerospace development, housing over 50% of the country's core research units and a significant portion of national aerospace infrastructure and specialized talent [3] Group 2 - Beijing has released plans for over 10 commercial satellite constellations, with Galaxy Aerospace successfully launching 8 low-orbit broadband communication satellites, marking the establishment of China's first low-orbit broadband communication test constellation [4] - The commercial aerospace sector in Beijing includes over 300 high-tech enterprises, with nearly half of the top 100 commercial aerospace companies and unicorns located in the city, indicating a comprehensive industry chain [4] - The "South Arrow North Star" pattern is beginning to take shape in China's commercial aerospace landscape, covering the entire industry chain from launch vehicles to satellite applications [4]

Group 1 - The 9th "All Things Grow" Conference will be held from April 23 to 25, 2025, in Hangzhou, Zhejiang, where the "2025 China Future Unicorn Enterprises TOP 100 List" will be released, highlighting Beijing Jun Tian Hang Yu Technology Co., Ltd. as a top contender due to its satellite manufacturing capabilities and growth potential [1] - The conference aims to connect industry leaders and entrepreneurs, attracting over a thousand participants including founders of unicorn companies, top investors, scientists, and government representatives [1] - The list focuses on emerging companies in cutting-edge fields such as artificial intelligence, healthcare, commercial aerospace, and low-altitude economy, specifically targeting unlisted companies established within the last 10 years with valuations between 500 million to 1 billion USD [1] Group 2 - Jun Tian Hang Yu, founded on December 31, 2021, is a national high-tech enterprise based in Beijing, specializing in commercial satellite research and manufacturing [2] - The company has completed several hundred million RMB in Series B financing, with a core team comprising members from major Chinese aerospace satellite manufacturing enterprises, including the chief designer of the Tiangong space laboratory [2] - Jun Tian Hang Yu possesses capabilities in large-scale satellite constellation design and construction, significantly reducing manufacturing costs through integrated, standardized, and modular design [2] Group 3 - Being included in the "2025 China Future Unicorn Enterprises TOP 100 List" serves as a recognition of Jun Tian Hang Yu's technical strength, innovation capability, and commercial prospects, indicating its vast development potential in the global commercial aerospace sector [3] - The company aims to drive innovation and enhance its competitive satellite products and data services to elevate China's commercial aerospace industry [3]

Group 1: Investment Ratings - There is no information about the industry investment rating in the report. Group 2: Core Views - The A-share market shows increasing resilience. Future focus should be on China's policies to boost the domestic economy. It is recommended to take a cautious long - position approach in operations. The impact of tariffs on the market has decreased, but the outcome of the Sino - US tariff dispute remains uncertain [2]. Group 3: Summary by Directory 1. Stock Index Futures Market - **IF Futures**: The closing prices of IF contracts for different periods increased, with the increase ranging from 1.60 to 6.00. The trading volume of IF next month was 48,747.00, the highest among IF contracts. The open interest of most contracts decreased, except for the IF far - season contract which increased by 149.00 [1]. - **IH Futures**: The closing prices of IH contracts for different periods all increased, with an increase of about 8.00 - 8.80. The trading volume of IH next month was 24,156.00. The open interest of some contracts decreased, while the current - month and far - season contracts increased [1]. - **IC Futures**: The closing prices of IC contracts for different periods decreased, with a decrease of about 15.80 - 18.80. The trading volume of IC next month was 39,686.00. The open interest of most contracts decreased, except for the far - season contract which increased by 385.00 [1]. - **IM Futures**: The closing prices of IM contracts for different periods decreased significantly, with a decrease of about 52.20 - 55.60. The trading volume of IM next month was 135,094.00. The open interest of some contracts decreased, while the far - season and next - season contracts increased [1]. - **Inter - month Spreads**: The inter - month spreads of IF, IH, IC, and IM decreased compared to the previous values [1]. 2. Stock Index Spot Market - **Major Indexes**: The CSI 300 index decreased by 0.07%, the SSE 50 index increased by 0.25%, the CSI 500 index decreased by 0.52%, and the CSI 1000 index decreased by 1.07%. Different industries in the CSI 300 index showed different trends, with industries such as energy rising and industries such as telecommunications business falling [1]. 3. Futures - Spot Basis - The basis of different futures contracts relative to the corresponding spot indexes changed compared to the previous two - day values [1]. 4. Other Domestic and Overseas Indexes - **Domestic Indexes**: The Shanghai Composite Index increased by 0.03%, the Shenzhen Component Index decreased by 0.58%, the Small and Medium - sized Board Index decreased by 0.42%, and the ChiNext Index decreased by 0.68% [1]. - **Overseas Indexes**: The Hang Seng Index decreased by 0.74%, the Nikkei 225 increased by 0.49%, the S&P 500 increased by 2.03%, and the DAX index increased by 0.47% [1]. 5. Macroeconomic Information - The 2025 version of the Market Access Negative List reduced the number of items from 117 in the 2022 version to 106, further relaxing market access restrictions. New business forms such as unmanned aerial vehicle operations and new - type tobacco products were included in the negative list [2]. - The Chinese Ministry of Commerce and the Ministry of Foreign Affairs clarified that there were no ongoing Sino - US economic and trade negotiations [2]. - Chinese Vice - Premier He Lifeng emphasized promoting cross - border trade facilitation [2]. - The central bank governor stated China's stance on opening - up, free trade, and maintaining global economic and financial stability [2]. - The Ministry of Commerce said China will continue to expand high - level opening - up and support foreign - invested enterprises [2]. 6. Industry Information - Seven ministries including the Ministry of Industry and Information Technology issued an implementation plan for the digital and intelligent transformation of the pharmaceutical industry from 2025 - 2030 [2]. - In the first quarter, the cumulative telecom business revenue was 446.9 billion yuan, a year - on - year increase of 0.7%, and the telecom business volume increased by 7.7% at constant prices of the previous year [2]. - China is willing to resolve Sino - EU electric vehicle trade frictions through dialogue [2]. - In the first quarter, China's freight volume increased by 4.9% year - on - year, and transportation fixed - asset investment reached 675.2 billion yuan [2]. - Shanghai issued measures to cultivate the commercial space advanced manufacturing cluster, aiming for an industrial scale of 100 billion yuan by 2027 [2]. 7. Stock Index Views - The three major US indexes rose. In the previous trading session, the stock indexes were divided, with the beauty care sector leading the gain and the computer sector leading the decline. The total trading volume was 1.14 trillion yuan. The financing balance on April 23 increased by 2.026 billion yuan to 1.799789 trillion yuan [2].

上海证券报消息，紧随人形机器人半程马拉松赛之后，首届具身智能机器人运动会将于4月24日至26日在无锡市举办，上演一场 机器人版"武林大会"。 据悉，本次活动环节包括开幕式、竞赛展示、嘉年华、主题会议等。竞赛项目包括竞技赛和应用赛，截至目前，已有100多家相 关企业报名参加。 竞技赛将重点展示参赛团队机器人的智能性、运动规划、本体设计等能力，从多维度展现具身智能机器人的技术成果及综合能 力。展示项目主要包括：竞速跑、越野跑、足球、篮球、舞蹈等。 解读："4月，将进入人工智能的无锡时刻。"不久前，无锡媒体高调"剧透"。 就在近日，无锡《市政府关于建设"人工智能+"标杆城市的政策意见》对外发布，定下建设"人工智能+"标杆城市的新目标。 另据当地媒体此前披露，4月下旬，无锡市人工智能创新发展推进会将举办，同期还将举办人工智能创新成果展；4月末，首届 具身智能机器人运动会和人工智能赋能新型工业化深度行（无锡站）活动将举行。"一会一展一赛一行"，敲响无锡加速"人工智 能时刻"的密集鼓点。 #动向 我国市场准入负面清单继续"瘦身" 新华社消息，国家发展改革委、商务部、市场监管总局24日发布《市场准入负面清单（2025年版） ...