导读： 项目分为26包进行采购，总预算达1.15亿元，涉及质谱、电子显微镜、X射线衍射仪、核磁共振波谱仪、细胞成像分析系统等26台/套仪器设备，部分采购 需求中明确要求不允许采购进口产品。 特别提示 微信机制调整，点击顶部"仪器信息网" → 右上方"…" → 设为 ★ 星标，否则很可能无法看到我们的推送。 7月2日，中国科学院2025年仪器设备部门批量集中采购项目发布招标公告。 该项目分为26包进行采购，总预算达 1.15亿元 ，涉及 质谱、电子显微镜、X射线衍射仪、核磁共振波谱仪、细胞成像分析系统 等 26台/套 仪 器设备。 其中第1包、第13包、第20包、第24包 采购需求中明确表明， 纳米晶体电子衍射仪、三重四极杆电感耦合等离子无机质谱、激光共聚焦扫描 显微镜、超高效液相色谱-串联四极杆质谱联用系统 不允许采购进口产品 。 采购代理机构为东方国际招标有限责任公司，要求潜在投标人应在www.oitccas .com；北京市海淀区丹棱街1号互联网金融中心20层获取招 标文件，并于 2025年07月23日14点00分 （北京时间） 前递交投标文件。 为方便业内人士查询，仪器信息网特对相关招标信息进行梳理并制 ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the **metal industry**, particularly **strategic metals** and **new materials** for the first half of 2025, highlighting the revaluation of strategic metals and opportunities in new materials due to technological iterations [1][3][29]. Core Insights and Arguments - **Strategic Metals Pricing**: By mid-2025, the pricing of strategic metals has fully reflected actual metal prices, influenced by global uncertainties and U.S. tariff policies [1][3]. - **Focus on Key Metals**: Emphasis on rare earth magnets, tungsten, and antimony, which have strong domestic resource control [1][3]. - **Export Controls**: China has implemented export controls on gallium, germanium, antimony, tungsten, bismuth, molybdenum, and indium to counter U.S. technology restrictions, leading to significant price increases in overseas markets compared to domestic prices [1][6][9][11]. - **Supply-Demand Dynamics**: The supply-demand balance is expected to improve gradually, potentially shifting from surplus to shortage, which will drive prices upward [2][12]. Specific Metal Insights - **Tungsten**: - The tungsten quota has decreased for two consecutive years due to resource depletion, with demand linked to macroeconomic conditions and growth in sectors like 3C and military, pushing prices to historical highs [4][15][16]. - Current tungsten prices exceed 170,000 yuan per ton, with production challenges due to low ore grades [14][15]. - **Antimony**: - Antimony market is strong, with domestic supply accounting for over 60% of global production. The photovoltaic industry is a major driver of demand, expected to grow as installation capacity expands [4][17][18]. - **Molybdenum**: - Molybdenum prices are expected to remain high due to stable production and lack of new mining projects, with demand primarily from stainless steel and special steel applications [19][22]. New Materials Sector - **Growth Opportunities**: The electronic and military sectors are highlighted as key areas for growth in new materials, driven by advancements in AI and electronic components [5][23][24]. - **Technological Upgrades**: The demand for upgraded electronic materials is increasing, particularly for components like capacitors and inductors, which require smaller particle sizes and higher performance [23][24]. Geopolitical and Market Impacts - **China's Dominance**: China holds a significant advantage in the smelting of strategic metals, with over 90% of rare earth separation occurring domestically, despite U.S. technology restrictions [1][10][11][12]. - **U.S. Dependency**: The U.S. remains highly dependent on China for strategic metals, with significant portions of its tungsten, antimony, and rare earth needs met by Chinese imports [11]. Emerging Trends - **Military Sector Recovery**: The military industry is showing signs of recovery, particularly in aerospace, with increased demand for strategic metals [26]. - **New Applications**: The demand for tantalum, niobium, and titanium in high-temperature applications and aerospace is expected to grow, driven by advancements in technology and military needs [28]. Conclusion - The strategic metals market is poised for growth, supported by strong demand fundamentals and geopolitical factors. Companies in this sector, such as Jinchuan Group and Xiamen Tungsten, are recommended for their promising outlooks [29].

在这项最新研究中，研究团队搭建了适用于光子雪崩效应研究的高性能测试平台，采用 高度集成的自动化架构 ，涵盖基于伺服电机的精密激光功率控制、三维压 电位移台定位、基于门控单光子探测的高时间精度荧光信号采集等多个模块，实现了对非线性光学响应的高效可靠采集与分析。研究团队提出一种通过亚晶格重 构和雪崩网络扩展的方法，可将光子雪崩非线性响应提升至 500 阶以上， 刷新了光子雪崩材料的性能纪录。该实验表明，基质材料中的 镥 取代会导致显著的局 域晶体场畸变。此类畸变能够强化控制粒子数累积的关键过程——交叉弛豫作用。 编辑丨王多鱼 排版丨水成文 光子雪崩 是镧系掺杂材料中一种独特的光学非线性现象，能量正反馈循环过程使其发光强度与泵浦功率表现出极其陡峭的幂律关系，使得极微弱的泵浦扰动或环 境变化，也能诱发发光强度的显著突变。凭借这一特性，光子雪崩在低成本超分辨成像、超灵敏光学传感和多物理场探测等应用中展现出巨大潜力。 材料对刺激产生显著光学非线性响应的能力对于技术进步和创新至关重要。虽然非线性系数超过 60 的光子雪崩上转换纳米材料已被开发出来，但进一步提升仍具 挑战性。 2025 年 6 月 18 日， 厦门大学柔性电 ...

证券代码：000969 证券简称：安泰科技 安泰科技股份有限公司投资者关系活动记录表 编号：2025-008 已经装备了钨铜偏滤器。安泰中科是国际上第一家批量生产钨铜偏滤器 的公司，目前主要生产钨铜偏滤器、钨串型限制器及钨铜包层零部件等。 3、在核聚变领域的优势有哪些？偏滤器设计和生产有哪些技术要 求或难点？ 材料及器件产业主要包括稀土永磁材料及其制品、非晶纳米晶材料及器 件、精密合金及带材，广泛应用于 AI、智能制造、电子信息、新能源汽 车、光伏、家电及轨道交通行业等领域；高速工具钢产业主要为切削刀 具、量具、模具和耐磨工具等制造提供高品质高速钢材料，包括高性能 传统高速钢、粉末高速钢以及喷射高速钢。从 2024 年收入规模上看， 先进功能材料及器件板块营业收入28.03亿元，占营业收入比重37.01%； 特种粉末冶金材料及制品板块营业收入 29.62 亿元，占比 39.10%；高品 质特钢及焊接材料板块营业收入 16.51 亿元，占比 21.80%。 2025 年，公司将继续打造在各自所处细分领域具有独特优势或不可 替代地位的企业集群。安泰天龙将继续巩固高端医疗装备领先地位，拓 展半导体、航空航天等新兴市 ...

Core Insights - TSMC is projected to increase its foundry market share from 70% in 2025 to 75% in 2026, driven by strong demand for 2nm and 3nm wafers from major clients like Nvidia, AMD, and Apple [2][12] - The AI data center market is rapidly expanding, with TSMC holding nearly 100% market share in logic semiconductors for AI data centers, producing chips for major companies like Microsoft, Amazon, and Google [3][4] - TSMC's advanced process and packaging technologies are critical for meeting the growing demands of AI applications, with plans to enhance production capacity in the U.S. [6][12] Market Share and Financial Strength - TSMC's foundry market share is expected to reach 67% by Q4 2024, a 10% increase from early 2023, while Samsung holds 11% [12] - TSMC's market capitalization is close to $1 trillion, indicating a strong financial position, which is attractive to clients in the AI sector [13] Technological Leadership - TSMC is the only foundry capable of producing advanced AI data center chips, with a focus on maintaining high yield rates and production capacity [8][20] - The company has been developing multi-chip substrate packaging for several years, enhancing its ability to meet complex product demands [10] Future Outlook - TSMC is expected to dominate the advanced packaging market, with estimates suggesting it will hold 90% of the CoWoS capacity by 2026 [12] - The demand for AI accelerators is projected to grow significantly, with the total addressable market for data center AI accelerators expected to exceed $500 billion by 2028 [15] Competitive Landscape - Major cloud service providers are increasingly designing their own AI accelerators, but they remain heavily reliant on TSMC for production [16][18] - TSMC's management strength and operational efficiency are key competitive advantages, allowing it to handle complex technical challenges across multiple fabs [14][20]

Group 1 - The core viewpoint is that Yunlu Co., Ltd. (688190.SH) is a leading enterprise in the domestic soft magnetic materials sector, benefiting from strong national policy support and entering a historic strategic development opportunity [2] - The management team announced a collective stock buyback, marking the first such initiative since the company's listing, aimed at enhancing investor confidence and promoting stable development [2] - The management intends to increase their holdings using personal or raised funds, with a total planned investment ranging from 4 million to 12 million yuan [2] Group 2 - Yunlu Co., Ltd. aims to position itself as a global provider of sustainable energy materials and comprehensive solutions, focusing on high-end products in the magnetic materials sector [3] - The company is projected to achieve a 7.24% increase in revenue and a 12.59% increase in net profit attributable to shareholders in 2024, driven by the new production line and growing applications in amorphous transformers and motors [3] - The company plans to deepen its "materials + equipment + applications" model, supporting industry growth through material technology innovation and expanding applications in strategic emerging fields like new energy vehicles [3] Group 3 - The company is actively developing new products in the magnetic materials field, including nanocrystalline ultra-thin strips and magnetic powders, to diversify its product structure and explore new market opportunities [4] - Since its listing in November 2021, Yunlu Co., Ltd. has maintained a cash dividend policy with a payout ratio above 30%, implementing a mid-term dividend for the first time in 2024 [4] - The company aims to continue a robust profit distribution policy to reward shareholder trust [4]

作 者丨见习记者李益文 编 辑丨陈思颖 公告称，公司拥有完善的治理及内部控制机制，已对相关事项做了妥善安排，公司其他董事、监事、高级管理人员目前均正常履职。 公司官网介绍，云路股份成立于2015年12月，公司自成立以来一直专注于先进磁性金属材料领域，已形成非晶合金、纳米晶合金、磁合金粉末 三大材料及其制品系列。 财报显示，云路股份2024年营收19亿元，同比增长7.24%；归母净利润3.61亿元，同比增长8.73%。20252年一季度，公司营收虽同比下滑 4.87%至4.21亿元，但归母净利润仍同比增长4.34%至0.79亿元。 6月16日晚间，云路股份（688190）发布"关于公司董事长兼总经理被留置的公告"称，公司于近日得知，公司董事长兼总经理李晓雨被吉林省 吉林市监察委员会留置。 云路股份称，该事项与本公司无关，截至公告出具日，公司未被要求协助调查，公司各项生产经营活动正常进行，不会对公司的日常运营造成 重大影响。 据2024年年报披露，李晓雨于1970年出生，系山东大学特聘教授、正高级工程师，拥有博士学位。其职业履历涵盖韩国电源株式会社多个技术 管理岗位，并曾任青岛云路聚能、青岛云路新能源等关联企业董 ...

Core Viewpoint - Yunlu Co., Ltd. (688190.SH) experienced a significant stock price increase of over 9% before announcing that its chairman and general manager, Li Xiaoyu, was detained by the Jilin Provincial Supervisory Committee [1][2]. Company Information - Yunlu Co., Ltd. was listed on the Sci-Tech Innovation Board in November 2021, with its actual controller being China Aviation Engine Group Co., Ltd. The company specializes in the research, production, and sales of amorphous alloys, nanocrystalline alloys, magnetic powders, and their products, which are primarily used in power distribution, photovoltaics, rail transportation, data centers, home appliances, and new energy vehicles [4]. Management Changes - Following the detention of Li Xiaoyu, Yunlu Co., Ltd. announced that during his inability to perform his duties, the vice chairman, Lei Rigan, would temporarily assume the role of chairman, while board member and deputy general manager, Pang Jing, would act as general manager and legal representative [3].

丨证券研究报告丨 联合研究丨公司点评丨云路股份（688190.SH） [Table_Title] 非晶龙头产能提升，2024 年延续增长 报告要点 [Table_Summary] 公司 2024 年全年营业收入 19.0 亿元，同比+7.2%；归母净利润 3.61 亿元，同比+8.7%；扣非 净利润 3.44 亿元，同比+12.6%。 分析师及联系人 [Table_Author] 王鹤涛 邬博华 许红远 司鸿历 袁澎 SAC：S0490512070002 SAC：S0490514040001 SAC：S0490520080021 SAC：S0490520080002 SAC：S0490524010001 SFC：BQT626 SFC：BQK482 SFC：BUD284 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 云路股份（688190.SH） cjzqdt11111 [Table_Title2] 非晶龙头产能提升，2024 年延续增长 [Table_Summary2] 事件描述 公司 2024 年全年营业收入 19.0 亿元，同比+7.2%；归母净利润 3. ...

证券研究报告 证券分析师 田源 SAC：S1350524030001 tianyuan@huayuanstock.com 查浩 SAC：S1350524060004 zhahao@huayuanstock.com 张明磊 SAC：S1350525010001 zhangminglei@huayuanstock.com 戴映炘 SAC：S1350524080002 daiyingxin@huayuanstock.com 项祈瑞 SAC：S1350524040002 xiangqirui@huayuanstock.com 市场表现： | 基本数据 | | 2025 | 年 | 05 | 08 | 日 | | | | 月 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 收盘价（元） | | | | | 98.75 | | | | | | | | 一 年 最 最 | 高 | | | | | | / | 低 | 内 | | 131.50/58.18 | | （元） | | | | | | | | | | | ...