我国海洋装备制造业发展具有得天独厚的条件，不断丰富和完善高端产品型谱。加快迈向绿色化、低碳 化，是产业升级的重要方向。 2025海洋装备未来技术发展大会在南京举办，青岛计划到2027年实现海洋关键技术突破100项……一段 时间以来，关于海洋装备制造的话题受到不少关注。作为人类走向海洋的工具性战略产业，海洋装备制 造业对于提升我国经略海洋能力意义重大。 海洋装备制造业是我国海洋经济的重要组成部分，也是我国对外贸易的重要增长点。数据显示，2025年 船舶工业前三季度，海船完工量、手持订单量同比分别实现6.7%和25.7%的增长。以修正总吨计，我国 新接订单量、造船完工量、手持订单量的全球市场份额分别达63.5%、47.3%和58.6%，继续稳居世界前 列。 从国际情况看，21世纪是海洋的世纪，海洋蕴含巨大的经济潜力、拥有广阔的发展空间。海洋装备作为 开发海洋的基石、守卫海疆的重器，自然成为海洋国家战略发展的焦点。海洋装备制造业大国纷纷加强 产业升级与布局，力图在传统优势领域保持领先。例如，韩国致力于大型液化天然气船由常规动力向核 动力的升级，法国则在海水淡化这一赛道领跑全球市场。同时，海洋国家也将眼光投向深海采矿 ...

来源：中信建投证券研究 文|黄文涛 朱林宁 全球宏观经济格局正在快速重构：一是科技革命重塑千行百业的生产和消费范式；二是债务经济体对稀 缺资源的竞争，带来全球原料商品需求和储备的变化；三是世界货币的格局出现新形势。 顺应宏观范式革命和趋势力量，我们提出2026年全球宏观十大机遇： 一是黄金延续增储，贵金属保持强势； 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 二是白银价值重估，战略金属资源新兴起； 三是电力与能源先行，夯实产业建设基础； 四是新技术、新制造加速融合商业应用； 五是统一大市场建设，消费需求释放； 六是企业出海和国际贸易持续旺盛； 七是资本市场"新四牛"优化资源配置； 八是我国香港国际金融中心功能强化； 九是人民币国际化与亚太经济一体化红利； 十是美国货币转宽利好资金回流新兴市场。 点击小程序查看报告原文 展望2026年，顺应全球宏观格局的范式革命和趋势力量，资产配置组合也将迎来新的调整重构和新一轮 投资机遇，我们提出2026年全球宏观十大投资机遇。 如图表1，根据国际货币基金组织（IMF）和世界黄金协会（WGC）统计，黄金已重新成为全球央行的 第二大国际储备品种，且 ...

创金合信先进装备股票A（011685）成立日期2021年3月29日，最新规模3804.21万。今年以来收益 43.41%，同类排名905/4195；近一年收益39.78%，同类排名906/4179；成立以来收益58.12%。 创金合信先进装备股票A（011685）基金经理为李晗。 截至发稿，李晗累计任职时间10年132天，现任基金资产总规模1.14亿元，任职期间最佳基金回报 58.87%， 任职期间最差基金回报-8.6%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 12月30日，航天发展跌1.81%，截至发稿，报30.42元/股，成交165.26亿元，换手率32.05%，总市值 486.25亿元。 资料显示，航天工业发展股份有限公司位于福建省福州市台江区五一南路17号工行五一支行13层，成立 日期1993年11月20日，上市日期1993年11月30日，公司主营业务涉及电子蓝军、指控通信、电磁安防和 发电设备;网络信息安全、数据采集分析、数据保护及安全存储、政务管理信 ...

截至12月10日，航天发展股东户数46.12万，较上期增加53.14%；人均流通股3444股，较上期减少 34.70%。2025年1月-9月，航天发展实现营业收入16.97亿元，同比增长42.59%；归母净利润-4.89亿元， 同比增长12.38%。 分红方面，航天发展A股上市后累计派现5.60亿元。近三年，累计派现5612.89万元。 今年以来航天发展已经15次登上龙虎榜，最近一次登上龙虎榜为12月16日，当日龙虎榜净买入-6886.28 万元；买入总计12.20亿元 ，占总成交额比8.92%；卖出总计12.89亿元 ，占总成交额比9.43%。 资料显示，航天工业发展股份有限公司位于福建省福州市台江区五一南路17号工行五一支行13层，成立 日期1993年11月20日，上市日期1993年11月30日，公司主营业务涉及电子蓝军、指控通信、电磁安防和 发电设备;网络信息安全、数据采集分析、数据保护及安全存储、政务管理信息化等。主营业务收入构 成为：海洋装备、电力装备等产品32.51%，通信与指控类产品32.01%，蓝军装备及相关产品26.09%， 数据安全应用类产品9.19%，空间信息应用类产品0.20%。 航天 ...

航天发展所属申万行业为：国防军工-军工电子Ⅱ-军工电子Ⅲ。所属概念板块包括：吸波材料、福建自 贸区、卫星互联网、军工信息化、商业航天（航天航空）等。 12月23日，航天发展盘中下跌2.19%，截至10:08，报22.35元/股，成交27.11亿元，换手率7.53%，总市 值357.26亿元。 资金流向方面，主力资金净流出1.64亿元，特大单买入2.57亿元，占比9.47%，卖出3.93亿元，占比 14.50%；大单买入5.08亿元，占比18.74%，卖出5.36亿元，占比19.77%。 航天发展今年以来股价涨205.75%，近5个交易日跌2.53%，近20日涨58.51%，近60日涨191.02%。 今年以来航天发展已经15次登上龙虎榜，最近一次登上龙虎榜为12月16日，当日龙虎榜净买入-6886.28 万元；买入总计12.20亿元 ，占总成交额比8.92%；卖出总计12.89亿元 ，占总成交额比9.43%。 资料显示，航天工业发展股份有限公司位于福建省福州市台江区五一南路17号工行五一支行13层，成立 日期1993年11月20日，上市日期1993年11月30日，公司主营业务涉及电子蓝军、指控通信、电磁安防和 ...

2026年是"十五五"开局之年，近日召开的中央经济工作会议明确了关于明年经济工作的思路、任务、 政策等，一系列重点工作与"十五五"规划建议的部署一脉相承。为更好帮助网友理解会议精神，新华网梳 理了会议提出的部分关键提法，一起来学习。 如何理解推动海洋经济高质量发展？ 海洋是高质量发展的战略要地，坚持陆海统筹，提高经略海洋能力，推动海洋经济高质量发展，对于 加快建设海洋强国具有重要意义。 落实《建议》提出的"推动海洋经济高质量发展"战略部署，必须深入贯彻落实习近平总书记关于海洋 强国建设的重要论述精神，更加注重创新驱动，更加注重高效协同，更加注重产业更新，更加注重人海和 谐，更加注重合作共赢。 一是强化海洋经济发展顶层设计。统筹规划海洋经济发展，加大政策支持力度，鼓励引导社会资本积 极参与发展海洋经济。有序推进沿海港口群优化整合，推进现代海洋城市高质量发展，优化全国海洋经济 发展示范区布局。 二是加强海洋科技创新。强化海洋战略科技力量，加快突破一批关键核心技术和装备，提高海洋科技 自主创新能力。搭建中试验证、工程化、产业化等公共技术服务平台，引导科技企业成果转化，培育发展 海洋科技领军企业和专精特新中小企业。 ...

Core Viewpoint - Aerospace Development's stock has shown significant growth this year, with a year-to-date increase of 122.16%, indicating strong market performance and investor interest [1][2]. Group 1: Stock Performance - On December 2, Aerospace Development's stock price rose by 9.29%, reaching 16.24 CNY per share, with a trading volume of 31.31 billion CNY and a turnover rate of 12.39% [1]. - The stock has experienced a 15.18% increase over the last five trading days, an 80.85% increase over the last 20 days, and an 87.53% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" 10 times this year, with the most recent appearance on December 1, where it recorded a net purchase of 2.58 billion CNY [1]. Group 2: Company Overview - Aerospace Development, established on November 20, 1993, and listed on November 30, 1993, is located in Fuzhou, Fujian Province [2]. - The company's main business areas include electronic blue army, command communication, electromagnetic security, and power generation equipment, with revenue contributions from various segments [2]. - The revenue composition includes 32.51% from marine equipment, 32.01% from communication and control products, 26.09% from blue army equipment, 9.19% from data security applications, and 0.20% from spatial information applications [2]. Group 3: Financial Performance - For the period from January to September 2025, Aerospace Development reported a revenue of 1.697 billion CNY, reflecting a year-on-year growth of 42.59%, while the net profit attributable to shareholders was -489 million CNY, a year-on-year increase of 12.38% [2]. - The company has distributed a total of 560 million CNY in dividends since its A-share listing, with 56.128 million CNY distributed in the last three years [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of shareholders for Aerospace Development was 165,600, an increase of 6.93% from the previous period [2]. - The average number of circulating shares per shareholder was 9,592 shares, a decrease of 6.48% from the previous period [2]. - Major shareholders include the Guotai CSI Military Industry ETF, holding 12.4415 million shares, and Hong Kong Central Clearing Limited, holding 10.3220 million shares, with changes in their holdings noted [3].

Core Insights - The establishment of the Southeast University Rudong Marine Research Institute aims to integrate educational resources and local marine industry foundations to create a multi-level innovation system for upgrading the marine industry in Rudong [1] Group 1: Research Institute Objectives - The research institute will develop a multi-level talent cultivation system and establish a pool of marine technology and engineering experts, gathering no less than 100 domestic and international experts across various fields such as marine engineering, artificial intelligence, deep-sea mining, and marine materials [1] - The institute will focus on key industries and marine economic sectors in Rudong, aligning university laboratory results, alumni innovation projects, and high-quality industry teams to incubate high-growth technology enterprises that drive industrial upgrades [1] Group 2: Innovation and Collaboration - The research institute will concentrate on key areas such as marine new materials, marine equipment, and marine energy, creating a technology innovation platform that integrates research and development with commercialization [1] - Collaboration with leading enterprises in Rudong will include the establishment of laboratories (R&D centers) and a marine industry technology concept verification and achievement transformation center to promote the conversion of innovative results and form a core technology group with independent intellectual property rights [1]

Group 1 - The core point of the article highlights the significant stock price increase of Aerospace Development, which rose by 9.99% on November 17, reaching 10.35 CNY per share, with a total market capitalization of 16.544 billion CNY [1] - Aerospace Development has experienced a continuous stock price increase for three consecutive days, with a cumulative increase of 11.1% during this period [1] - The company, established on November 20, 1993, specializes in various sectors including electronic blue army, command communication, electromagnetic security, and power generation equipment, with its main business revenue composition being 32.51% from marine equipment and power equipment, 32.01% from communication and command products, 26.09% from blue army equipment, 9.19% from data security applications, and 0.20% from spatial information applications [1] Group 2 - From the perspective of the top ten circulating shareholders, Guotai Fund's Guotai Zhongzheng Military Industry ETF (512660) reduced its holdings by 2.3921 million shares in the third quarter, now holding 12.4415 million shares, which accounts for 0.78% of the circulating shares [2] - The ETF has gained approximately 11.695 million CNY in floating profit during the three-day stock price increase [2] - The Guotai Zhongzheng Military Industry ETF was established on July 26, 2016, with a current scale of 14.109 billion CNY, yielding 12.49% this year, ranking 3490 out of 4216 in its category [2]

Core Viewpoint - Aerospace Development's stock price has shown a positive trend with a year-to-date increase of 13.13%, reflecting strong market interest and performance in the defense and aerospace sector [1][2]. Company Overview - Aerospace Development Co., Ltd. was established on November 20, 1993, and listed on November 30, 1993. The company is located in Fuzhou, Fujian Province, and its main business areas include electronic blue army, command communication, electromagnetic security, and power generation equipment [1]. - The company's revenue composition includes: marine equipment and power equipment (32.51%), communication and command products (32.01%), blue army equipment and related products (26.09%), data security applications (9.19%), and space information applications (0.20%) [1]. Financial Performance - For the period from January to September 2025, Aerospace Development achieved a revenue of 1.697 billion yuan, representing a year-on-year growth of 42.59%. However, the net profit attributable to shareholders was -489 million yuan, showing a year-on-year increase of 12.38% [2]. - The company has distributed a total of 560 million yuan in dividends since its A-share listing, with 56.1289 million yuan distributed over the past three years [3]. Shareholder Information - As of October 20, 2025, the number of shareholders for Aerospace Development was 154,900, a decrease of 0.68% from the previous period. The average circulating shares per person increased by 0.69% to 10,256 shares [2]. - The top ten circulating shareholders include notable entities such as Guotai Zhongxin Military Industry ETF and Hong Kong Central Clearing Limited, with varying changes in their holdings [3].