12月6日，我国首台(套)110千瓦级热耦合海水直接电解制氢系统装置通过了由中国科学院院士领衔的专 家组评审，该装置已实现超过500小时的连续稳定运行。此举标志着我国在海水直接电解制氢这一全球 战略前沿技术领域取得了从实验室迈向工程化应用的关键突破。 上述装备由崂山实验室联合中广核集团、山东师范大学与日照市岚山区政府共同研发。 "这不仅仅是产出一罐氢气，更是打通了一条'向大海要能源'的全新路径。"崂山实验室高级工程师秦建 光表示，该成果核心突破是解决了海水电解过程中钙镁沉积、氯离子腐蚀、寿命短等核心技术瓶颈，并 通过低品位废热高效利用降低设备成本与能耗，这为未来海水制氢和其他电解水制氢工艺提供了更高 效、低成本的解决方案。 长期以来，海水中的钙镁沉积易堵塞电极、高浓度氯离子腐蚀电解设备和催化材料，被业内视为海水制 氢的"致命伤"。上述装置通过关键耐腐蚀催化剂开发与适配海水的动态调控技术，有效抑制氯离子对电 解设备及催化材料的腐蚀;此外，该装置同步利用电解系统低品位废热，耦合筛分系统联产高品质淡 水，免去了传统电解装置的废热冷却单元，整体降低了设备投资和能耗。这也意味着，在无需复杂预处 理的前提下，可直接利用天 ...

上周A股 过去一周（12月1日—12月5日），A股三大指数集体上涨。截至12月5日收盘，上证指数报3902.81点， 周涨0.70%；深成指报13147.68点，周涨1.08%；创业板指报3109.30点，周涨1.36%。 具体来看，周内上涨家数达1818家、下跌家数464家；其中87股周涨超15%，17股周跌超15%。按照申 万二级行业分类，航天装备、工业金属、工程机械等板块领涨（5日涨幅分别达10.42%、9.14%、 5.86%），广告营销、数字媒体、装修装饰等板块下跌（5日跌幅分别为-6.99%、-6.70%、-3.55%）。 | 名称 | 最新点位 | 涨跌幅 | | --- | --- | --- | | 上证指数 | 3902 81 | +14.21(0.37%) | | 深证指数 | 13147 68 | +163.6(1.26%) | | 创业板指 | 3109.3 | +56.71(1.86%) | | | 日期:12月1日-12月5日 制图:21投资通 | | 周五外盘 纽约股市三大股指12月5日上涨。截至12月5日收盘，道琼斯工业平均指数比前一交易日上涨104.05点， 收于47954 ...

News Focus - The National Energy Administration reported seven violations regarding the fair and open operation of the power grid, emphasizing the need for energy transmission network operators to provide services without discrimination [2] Domestic News - The Central Ecological and Environmental Protection Inspection reported illegal disposal of construction waste in multiple areas of Beijing, highlighting weak management and control in districts like Pinggu and Fengtai [2] - Mobile sources have become a significant contributor to air pollution, with total emissions from mobile sources reaching 18.582 million tons in 2024 [2] - The China Bicycle Association addressed concerns regarding the new national standard for electric bicycles, stating that it aims to enhance safety and reduce risks of fire and traffic accidents [3] - China's first heat-coupled seawater hydrogen production device has achieved over 500 hours of stable operation, marking a key breakthrough in the engineering application of this technology [3] - A new rain measurement radar system has been deployed at the Three Gorges Project, enhancing rainfall monitoring capabilities over an area of approximately 13,000 square kilometers [4] - The Xiong'an 500 kV ultra-high voltage substation has been officially put into operation, serving as a critical hub for clean energy transmission from Inner Mongolia and Hebei to the Xiong'an New Area [4] - The China National Railway Group reported that in November, it transported 184 million tons of coal, a year-on-year increase of 0.3%, ensuring sufficient supply for winter heating and power generation [4] - Hubei has established a 10 billion yuan water conservancy development fund, focusing on infrastructure, asset acquisition, ecological governance, and technology development [5] International News - President Trump signed a law to lift drilling restrictions in parts of the Arctic National Oil Reserve [6] - Germany extended its tax exemption policy for electric vehicles until December 31, 2035 [6] - The International Atomic Energy Agency reported that repairs have begun on the damaged protective cover of the Chernobyl nuclear power plant [7] - Japan initiated its 17th round of discharging nuclear contaminated water from the Fukushima plant, with approximately 7,800 tons planned for release [7] Corporate News - The Dadu River Danba Hydropower Station has received national approval, marking the addition of a new hydropower station with a million-kilowatt capacity and the first project to successfully attract private capital following the introduction of the Private Economy Promotion Law [8]

Group 1: Securities Industry - The China Securities Regulatory Commission (CSRC) aims to strengthen classified regulation, providing appropriate relaxation for quality institutions and optimizing risk control indicators to enhance capital utilization efficiency [1] - Huachuang Securities believes the securities industry is shifting from a defensive contraction to an offensive expansion, opening up space for further improvement in ROE [1] - The approval of the merger between Guotai Junan and Haitong Securities, along with CICC's integration with Dongxing and Xinda, marks a new phase of "aircraft carrier-level" consolidation in the industry [1] Group 2: Optical Fiber Technology - China Telecom has launched the world's first cross-border hollow-core fiber and ultra-low latency commercial transmission system, achieving a 30% increase in light signal transmission speed and over 40% reduction in equipment processing latency [2] - The hollow-core fiber technology, which uses air and inert gases instead of solid fiber cores, significantly reduces communication latency, making it a promising medium for global optical communication [2] - The compound annual growth rate (CAGR) for hollow-core fiber commercialization is expected to reach 56.52% over the next six years [2] Group 3: Cultivated Diamonds - The 2025 Cultivated Diamond Industry Conference in Zhengzhou signed 30 projects with a total investment of no less than 15 billion yuan, highlighting the rapid growth potential of China's cultivated diamond market [3] - The market size for cultivated diamonds in China is currently around 14 billion yuan, projected to exceed 102.5 billion yuan by 2030 [3] - The demand for diamond heat dissipation technology is expected to grow due to advancements in 5G, AI, and cloud computing, positioning China as a leader in the superhard materials industry [3] Group 4: Cybersecurity - The National Internet Information Office has drafted a risk assessment method for network data security, requiring annual assessments for important data processors [4] - The data security industry in China is transitioning from passive compliance to proactive protection, with a projected market size exceeding 150 billion yuan by 2025 [4] - The market is expected to surpass 1 trillion yuan by 2027 and reach 500 billion yuan by 2030 [4] Group 5: Agriculture - The Ministry of Agriculture and Rural Affairs is accelerating the establishment of a standard system to promote high-quality agricultural development [5] - The focus is on achieving a balance between economic, social, and ecological benefits, transitioning from quantity expansion to quality improvement [5] - The high-quality development of agriculture is expected to enter a "fast lane" with continuous policy support and technological innovation [5] Group 6: Hydrogen Energy - China has successfully developed a 110 kW thermal coupling seawater direct electrolysis hydrogen production system, marking a key breakthrough in engineering applications [6] - This technology addresses the traditional reliance on freshwater resources for hydrogen production and offers innovative pathways for renewable energy development [6] - The technology is expected to achieve large-scale commercial application within the next 10-15 years, supporting global energy transition and carbon neutrality goals [6] Group 7: Innovative Drugs - The National Healthcare Security Administration has added 114 new drugs to the national medical insurance directory for 2025, including 50 innovative drugs [7] - The introduction of a commercial health insurance innovative drug directory is expected to improve payment pathways for high-value innovative drugs [7] - The innovative drug sector remains a key focus in the pharmaceutical industry, with potential for continued growth and investment opportunities [7] Group 8: Macro and Industry News - The CSRC has released a draft regulation for listed companies, marking the introduction of dedicated regulatory legislation aimed at enhancing investor protection and company quality [8] - The Ministry of Commerce is promoting new growth points in service consumption, including travel and sports events, to stimulate domestic demand [8] - The Financial Regulatory Bureau is adjusting risk factors for insurance companies' stock investments to cultivate patient capital [10]