【环球网财经综合报道】近期，A股上市公司陆续披露2025年半年报。Wind数据显示，目前已有18家上市公司发布半年报，其中13家实现归属于上市公司 股东的净利润同比增长。 具体来看，长川科技上半年实现营收达21.67亿元，同比增长41.8%；净利润4.27亿元，同比增长98.73%，远超此前3.6亿至4.2亿元的预告区间。对于业绩 增长，公司表示主要是销售需求持续增长，引起本期收入的大幅增长。华西证券研报指出，封测行业景气度持续提升，行业向上拐点明显。展望全年业 绩，SOC测试机受益于大客户迭代，下半年有望开始拉货，同时积极开拓市场；高端数字测试机持续放量，叠加AOI等积极进展，全年营收有望保持高 增。 从业绩增长方面，智明达上半年营收2.95亿元，同比增长84.83%；净利润3830万元，同比暴增2147.93%。其表示，业绩增长主要系客户需求增加，订单大 幅增加，公司交付增加。智明达新增订单较上年同期大幅增长，其中弹载产品订单增幅最大，机载和其他类产品订单增幅较大，较上年同期新增AI类产 品订单。 根据已披露业绩预告的1570余家上市公司统计，分行业看，生物医药、半导体、人工智能等科技板块与稀土、黄金等资 ...

Investment Rating - The report maintains a "Recommended" rating for the company, considering its leading position in the embedded computer module industry and expansion into UAV and AI sectors [4][6]. Core Insights - The company reported significant growth in its 1H25 performance, with revenue reaching 290 million yuan, a year-over-year increase of 84.8%, and a net profit of 38 million yuan, up 2147.9% from the previous year [1]. - The order backlog increased by 74% year-over-year, reaching 608 million yuan by the end of Q2 2025, driven by strong customer demand, particularly in the airborne and AI-related product segments [1][2]. - The company is focusing on enhancing its core competitiveness in various technology directions, including next-generation avionics and AI signal processing, which is expected to contribute to revenue growth in 2025 [2][3]. Financial Performance Summary - In 1H25, the company achieved a gross margin of 48.1%, a decrease of 1.9 percentage points year-over-year, while the net profit margin improved by 11.9 percentage points to 13.0% [1]. - The embedded computer revenue breakdown for 1H25 shows airborne revenue grew by 115.3% to 200 million yuan, while other segments like airborne and unmanned equipment saw declines [2]. - The company’s operating cash flow improved to 30 million yuan in 1H25, compared to a negative cash flow of 2 million yuan in the same period last year [3]. Earnings Forecast - The company is projected to achieve net profits of 120 million yuan, 179 million yuan, and 238 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding PE ratios of 49x, 33x, and 25x [4][5].

作为国内首个以"气象经济"为核心的国家级展会，本届博览会以"气象融入新经济 携手共创好未来"为 主题，汇聚百余家企业的尖端成果，通过1万平方米展区的沉浸式展示，集中发布AI气象、低空经济保 障、探测装备等领域的"黑科技"。 在7月19日上午的"气象科技创新产品展示"现场，一批填补技术空白、实现全球首发的气象"硬科技"集 中亮相，以突破性创新彰显中国气象装备与服务的硬核实力。这些技术不再局限于传统"预报工具"的单 一功能，而是深度嵌入产业肌理，成为激活经济效能的"引擎"，重塑多个领域的价值链条。 来源：环球网 【环球网报道 记者 姚倩】7月18日—20日，由中国气象服务协会主办，中国灾害防御协会、中国旅游景 区协会、中国电力发展促进会、安徽省科学家企业家协会协办，中国绿色碳汇基金会提供公益支持的首 届气象经济博览会（以下简称"博览会"）在合肥滨湖国际会展中心盛大举行。 AI驱动：重构气象服务的经济效能 本届博览会化身"气象黑科技"秀场，多项全球首发、填补空白的硬核装备集中亮相，彰显中国气象创新 硬实力。其中，华风集团"中国天气智能体"以数字内核构建新质生产力基座，打造"会听、会说、会思 考"的AI气象服务助手； ...

Core Viewpoint - The event "Future Industry Technology Achievement Docking and Ecological Co-creation" held in Chengdu marks a significant step in the collaboration between Beijing University of Posts and Telecommunications (BUPT) and local enterprises, focusing on the development of future industries such as 6G and artificial intelligence [1][3][4]. Group 1: Establishment of Research Institutions - The BUPT Future Communication Research Institute (Chengdu) and BUPT Xingjin Future Communication Technology (Chengdu) Co., Ltd. were officially inaugurated, aiming to foster innovation in new-generation internet and artificial intelligence [4][6]. - The establishment of the research institute is a result of a collaboration agreement signed in April 2023 among BUPT, China Telecom Sichuan Company, Chengdu Science and Technology Bureau, and Jinjiang District [3][4]. Group 2: Focus Areas and Objectives - The research institute will focus on key areas such as 6G, artificial intelligence, ubiquitous communication, and low-altitude economy, addressing critical technology challenges [6][10]. - It aims to create a domestic leading concept verification platform for communication technology, facilitating the development of prototype systems and demonstration applications [6][10]. Group 3: Project Signings and Collaborations - Multiple projects led by BUPT professor teams were signed, focusing on future industry directions including video AIGC applications and low-altitude unmanned detection [7][9]. - A series of strategic cooperation agreements were signed, including the establishment of the BUPT Hongyan Achievement Transformation Fund and investment agreements covering various high-tech projects [9][11]. Group 4: Innovation and Technology Showcase - BUPT unveiled over 100 technology innovation achievements, including the first nationwide release of the satellite time-frequency module and solutions addressing high-performance satellite communication challenges [11][13]. - The event featured a dedicated exhibition area showcasing cutting-edge technologies in fields such as brain-computer interfaces, quantum technology, and 6G [11][13]. Group 5: Future Industry Development Goals - Jinjiang District aims to build the first future industry cluster in Western China, focusing on six key future industry tracks including 6G technology and quantum technology [10]. - The district is developing a dual-core economic geography model to support the growth of these future industries [10].

Group 1 - The Shandong provincial government is promoting the "Sky City" initiative to establish a new benchmark for the low-altitude industry, focusing on the application of drones in meteorology [1] - The provincial meteorological bureau highlighted four key areas where drones can significantly enhance meteorological applications, including weather observation, ecological meteorology, artificial weather modification, and emergency meteorological services [2][3] Group 2 - In the field of weather observation, drones can overcome traditional equipment limitations, allowing for vertical and three-dimensional observation of phenomena like fog [2] - Drones equipped with spectral imaging and lidar can conduct collaborative observations of ecosystems, improving the accuracy of satellite remote sensing products [2] - The establishment of a joint laboratory for drone technology in artificial weather modification aims to foster collaboration between government, enterprises, and research institutions [3] - The Shandong low-altitude flight meteorological service platform has been developed to support various low-altitude flight scenarios, including the civil drone test flight base in Binzhou [3] - Future plans include enhancing cooperation between meteorological departments and enterprises to develop more advanced low-altitude equipment for meteorological applications [4]

证券代码：300177 证券简称：中海达 前，公司已实现卫星定位、激光雷达、声呐、光电、惯导 等相关核心技术的自主可控，构建了从底层硬件到上层算 法再到行业解决方案的完整技术链条。公司历经多年深耕 行业市场，持续探索、实践与改革优化，已逐步形成精准 时空感知装备业务、北斗高精度行业应用业务、智能驾驶 与导航控制业务三大核心业务板块，是国内少数能够为客 户提供全产品线高精度定位产品和解决方案的企业之一。 2、精准时空感知装备业务的介绍及业务优势 答：精准时空感知装备业务是公司创立以来一直从事 的业务，主要面向自然资源、建筑工程、应急、特种机构 等行业客户提供高精度定位装备及方案，满足客户获取时 空信息需求以供辅助决策，以及直接为地方政府部门/事业 单位等客户群体提供时空信息的获取和处理服务，主要如 下： 公司融合高精度卫星定位、激光雷达、视觉影像等技术， 持续推出具有创新性的 RTK 产品，在自然资源、建筑施 工、城市更新等领域提供高效的测量解决方案。公司研 发的 SLAM RTK 产品，基于创新性的激光逆向定位技术， 解决了传统 RTK 测量作业最后 100 米的测量难题，改变 了传统 RTK 的作业模式。公 ...

Core Insights - The in-flight entertainment system (IFE) is becoming a new value growth point in the aviation industry, driven by advancements in wireless and network technologies, with increasing demand from passengers for information services [1][6][17] - The global IFE market is projected to reach approximately $4 billion in 2024 and $5.238 billion in 2025, while China's IFE market is expected to grow from 1.727 billion yuan in 2024 to 2.837 billion yuan in 2025 [1][8][6] Industry Definition - IFE refers to cabin entertainment equipment designed for passenger leisure, providing services such as music, movies, and flight map access [2] - The system consists of various subsystems, including overhead entertainment, seat entertainment, passenger power, and cabin wireless entertainment [2] Current Industry Status - The IFE market has seen a decline from approximately $4.576 billion in 2017 to $2.191 billion in 2020 due to the pandemic, but is gradually recovering [6] - China's IFE market, although starting late, is experiencing steady growth, with a market size of 1.727 billion yuan in 2024, an increase of 408 million yuan from 2023 [8] Industry Chain - The IFE industry chain includes upstream components like display and audio devices, software, satellite communication, and content platforms; midstream involves integration and manufacturing; downstream is primarily focused on airlines and passengers [10] Competitive Landscape - The IFE market is dominated by major players such as Panasonic Avionics, Thales, Rockwell Collins, and Honeywell, with Panasonic and Thales holding the largest market shares [15] - Emerging systems and portable devices are diversifying the market, with key Chinese players including China Electronics Technology Group, Donica, and Feitian United [15][16] Development Trends - The importance of IFE is increasing due to diverse passenger demands, with future developments focusing on reducing system weight and power consumption while enhancing passenger comfort [17] - Integration with portable electronic devices and the introduction of AR, VR, and other technologies are expected to enhance the in-flight experience [17]

Group 1 - The core viewpoint of the article highlights that the company AVIC Chengfei will continue to build three major bases during the 14th Five-Year Plan period, focusing on core business while exploring new business opportunities, emphasizing technological innovation, supply chain control, cost management, and talent accumulation [1] - The company is implementing various measures to turn around Guifei's losses into profits, including enhancing equipment manufacturing capabilities, optimizing product structure, improving management efficiency, strengthening cost control, and deepening supply chain collaboration [1] - AVIC Chengfei is committed to managing market demand, developing integrated products, managing integrated supply chains, and providing full lifecycle service guarantees, establishing an advanced aviation equipment research and development system to enhance modern corporate governance capabilities [1] Group 2 - The company has established multiple national and provincial-level technological innovation platforms, increasing R&D investment to break through key technologies and promote the transformation of technological achievements into productivity, while implementing digital transformation and upgrades [1] - With over 40 years of experience in military trade, the company will continue to serve national political and diplomatic policies and actively explore military trade markets [1] - The company's main product supply chain is fully domesticated, ensuring a stable and smooth industrial chain supply chain without the risk of "bottleneck" issues, and it has built a reliable supplier resource pool to achieve efficient, flexible, and sustainable supply chain operations [1]

Core Insights - The Ministry of Natural Resources' First Aerogeophysical Remote Sensing Institute has been advancing the application of "AI + LiDAR point cloud" technology in the production of realistic 3D data, significantly enhancing production efficiency in 3D projects [1][2] Group 1: Technology Development - The integration of AI with airborne LiDAR point cloud technology has enabled automatic fine classification of data, enhancing the automation and intelligence of LiDAR data production [2][3] - The technology allows for precise identification of various objects such as vehicles, vegetation, buildings, and overhead pipelines, improving classification accuracy compared to traditional software [3] Group 2: Project Implementation - The institute has undertaken 3D data production tasks at various scales, contributing to the establishment and continuous updating of a multi-scale, multi-type spatial geographic information database [1][3] - Recent training sessions were organized to share the AI-based LiDAR point cloud classification technology with relevant personnel from the Shaanxi Surveying and Mapping Geographic Information Bureau, promoting efficiency in 3D project data production [3] Group 3: Strategic Focus - The institute is committed to incorporating AI technology research into its overall development strategy, focusing on enhancing production efficiency, quality, and management effectiveness [4] - Future efforts will concentrate on multi-modal data fusion and intelligent analysis to improve the automation and intelligence of data resource management [4]

Core Insights - Shenzhen Deep Knowledge Future Co., Ltd. has developed a full-color night vision camera that can clearly present objects in complete darkness, achieving a breakthrough in traditional night vision technology [1][2][3] - The founder, Zhang Qining, emphasizes the importance of respecting time in the entrepreneurial process, believing that understanding market rhythms is crucial for successful product commercialization [1][4][5] Company Overview - Deep Knowledge Future was founded by Zhang Qining in 2017 after his tenure at Huawei and Tencent, focusing on AI algorithms to innovate visual perception technology [1][6] - The company has completed five rounds of financing and has attracted investments from leading institutions like Dachen Caizhi [1][4] Technology and Innovation - The full-color night vision camera utilizes a combination of lenses, light-sensitive chips, and ISP chips, with a unique algorithm based on neural network imaging techniques to overcome traditional limitations [2][3] - This technology allows for clear imaging in low-light conditions without additional lighting, filling a significant gap in the market [3][4] Market Positioning - The first full-color night vision camera was launched in 2022, and the company has since expanded its product matrix to include AI night vision cameras and drone-mounted systems for various applications such as public safety and emergency response [3][4][5] - Zhang Qining believes that patience and timing are key competitive advantages in the industry, especially as the company prepares to enter the autonomous driving sector [5][6] Team and Leadership - Zhang Qining highlights the importance of building a complementary team, focusing on individuals who can endure challenges and maintain a positive atmosphere [6][7] - The company has achieved over 100 million in revenue since the product launch, showcasing its growth and market acceptance [7][8]