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。 日前，北京市 海淀区"新春第一会"——2 0 2 6海淀区经济社会高质量发展大会在中关村国际创 新中心成功召开。 大会立足海淀、服务首都、放眼全球，现场集中发布了一系列重磅措施，释放了开好局促发展 的强烈信号，吹响海淀"十五五"高质量发展的冲锋号角，发出海淀加快发展新质生产力、建设 世界领先科技园区的城市宣言： 1 . 科学仪器战略地位空前提升，成为重点扶持的核心产业 "高端科学仪器"被明确列为海淀区" 1+X+1 "现代化产业体系中五大战略性新兴产业之一。这意 味着该行业已进入区域核心产业规划，将从顶层设计获得前所未有的政策、资金及资源倾斜， 迎来系统性发展机遇。 2 . 需求引擎强劲，下游应用市场全面爆发 科学仪器是支撑其他战略性产业的基础工具。大会重点发展的人工智能、集成电路设计、医药 健康、商业航天、量子科技等前沿领域，均为高端科学仪器的核心应用场景。下游产业的爆发 式增长，将直接且强劲地拉动对先进检测、测量、分析仪器的市场需求。 3 . 创新生态优化，成果转化与协同创新提速 会议力 ...

Core Insights - Steel Research Nack (300797) has shown double-digit growth in both revenue and net profit according to its Q3 2025 report, despite experiencing a net outflow of main funds on February 10, 2026 [1][3]. Stock Performance - On February 10, 2026, Steel Research Nack's stock closed at 18.35 CNY, down 0.49% with a net outflow of 4.78 million CNY from main funds, while retail investors contributed a net inflow of 6.67 million CNY. The trading volume reached 79.13 million CNY with a turnover rate of 1.14%. As of February 11, 2026, the stock price was 18.23 CNY, reflecting a 0.65% decline from the previous day, with a cumulative increase of 0.77% over the past five days and a volatility of 1.80% [2]. Financial Report Analysis - The Q3 2025 report revealed that Steel Research Nack's main revenue for the first three quarters was 806 million CNY, marking an 11.64% year-on-year increase. The net profit attributable to shareholders was approximately 99.70 million CNY, up 15.08% year-on-year, with a gross margin of 46.98%, an increase of 1.03 percentage points. In Q3 alone, revenue was 307 million CNY, reflecting a 15.77% year-on-year growth, and the growth rate of net profit excluding non-recurring items reached 21.19%. R&D expenses increased by 23.06% year-on-year, primarily directed towards high-end scientific instruments and new testing technologies [3]. Institutional Perspectives - In the past 90 days, one institution has rated Steel Research Nack as a "buy" with a target average price of 21.15 CNY. During the research, the company emphasized the stability of its core technical personnel, with the testing business accounting for approximately 50% of its operations, while the instrument segment is accelerating its high-end breakthroughs [4].

Core Viewpoint - The article discusses the announcement of the application process for national project awards related to "Frontier Technology Research in Future Industries" and "High-end Scientific Instruments and Reagents Software Development" in the Minhang District, emphasizing support for innovative research and development in key technological areas [1][2]. Group 1: Policy Content - The policy supports research in future industries such as quantum technology, aerospace, synthetic biology, and new energy storage, encouraging interdisciplinary basic research and disruptive technology breakthroughs. Projects receiving national support will be awarded up to 20% of total project investment, with a maximum of 3 million yuan [1][3]. - There is a focus on promoting the independent research and market application of high-end scientific instruments, research reagents, and basic software, with similar financial support conditions as mentioned above [2][3]. Group 2: Support Standards and Conditions - Projects that receive national project approval in the fields of quantum technology, aerospace, synthetic biology, and new energy storage, as well as high-end scientific instruments, research reagents, and basic software, will be eligible for financial rewards of up to 20% of national funding, capped at 3 million yuan [3]. - Eligible applicants must be registered and taxed within the "Big Zero Bay" area, possess independent legal status, and have projects that have received national funding in the specified technological areas [4]. Group 3: Application Process - The application process is conducted online, eliminating the need for paper submissions. Applicants must log in to the Minhang Enterprise Corridor using the "Legal Person One Certificate" and follow the prompts to fill out the application form [6]. - Required attachments include scanned copies of project approval notifications, task books, and funding certificates corresponding to each level of the project [6]. Group 4: Application Notes - Applicants are responsible for the authenticity, completeness, validity, and legality of the materials submitted and are subject to supervision and inspection by relevant authorities [7].

Core Viewpoint - Guoyi Quantum Technology (Hefei) Co., Ltd. has received acceptance for its IPO on the Sci-Tech Innovation Board, aiming to enhance its capabilities in high-end scientific instrument development and expand its market presence [3] Company Overview - Established in 2016, Guoyi Quantum has a registered capital of 360 million yuan and focuses on R&D of high-end scientific instruments, serving primarily universities, research institutions, and corporate clients [3] - As of the signing date of the prospectus, the company holds 129 invention patents related to its main business [3] Financial Performance - The company has not yet achieved profitability, with significant R&D and sales expenditures leading to high expense ratios: 140.64%, 74.73%, 60.17%, and 96.00% for different periods [4] - The net losses for the respective periods were 168 million yuan, 169 million yuan, 104 million yuan, and 7.39 million yuan, with an accumulated deficit of 427 million yuan as of June 30, 2025 [4] - Management expects a substantial reduction in net loss for the first half of 2025 and anticipates profitability by 2026 [5] R&D and Talent - The company invested a total of 412 million yuan in R&D, accounting for 35.46% of total revenue during the reporting period, with a decreasing R&D expense ratio from 75.34% in 2022 to 23.13% in 2024 [6][7] - As of June 2025, the company employed 192 R&D personnel, representing 31.37% of total employees, with 78.27% holding a bachelor's degree or higher [7] Market Expansion - Guoyi Quantum has seen significant growth in overseas market revenue, with contributions rising from 0.83% to 12.06% from 2022 to 2024, and a compound annual growth rate of over 500% in sales to foreign end customers [7] - The company plans to raise 265 million yuan through the IPO to establish application centers in key domestic and international regions, facilitating scale expansion and targeting quality customer groups [7]

Core Viewpoint - The establishment of a provincial-level collaborative innovation center at Shandong University of Commerce reflects the proactive engagement of the university with the modernization of Shandong's industrial system and the integration of industry, academia, and research [1] Group 1: Collaborative Innovation Center - The collaborative innovation center is based at Shandong University of Commerce and involves partnerships with Shandong Dongyi Optoelectronic Instrument Co., Ltd., and several research institutions and universities [1] - The center aims to focus on the integration of photonics, electronics, ions, and information technology, targeting breakthroughs in high-end scientific instruments and their key components [1] - The initiative is designed to create a comprehensive collaborative innovation system that spans research, engineering, and industrialization [1] Group 2: Objectives and Impact - The center's establishment is a significant step towards enhancing the university's ability to convert scientific achievements into practical applications [1] - The university plans to consolidate internal and external resources to develop the center into a leading platform for high-end scientific instrument technology innovation and talent cultivation in the province [1] - The initiative aims to support the independent control of domestic scientific instruments and contribute to the high-quality development of regional industries [1]

Group 1 - The core theme of the article is the emergence of a technology-driven bull market in A-shares, particularly noticeable after April 7, 2025, indicating a structural opportunity rather than a broad market rally [1][10][11] - The "Top Private Equity Handbook" has been instrumental in identifying key technology stocks, with a high frequency of successful recommendations [10][11] Group 2 - In the first quarter, Chip Origin Technology saw a price increase of 77.24%, with a peak increase of 88.26%, driven by its strategy to upgrade IP to Chiplet core components [3][13] - In the second quarter, Juguang Technology experienced a price rise of 30.2%, with a maximum increase of 59.43%, benefiting from the domestic push for scientific instrument self-sufficiency [4][5][14] - In the third quarter, Hanwei Technology achieved a price increase of 59.78%, with a peak increase of 79.8%, leveraging its expertise in flexible sensors for robotics applications [6][15] Group 3 - The "Top Private Equity Handbook" compiles over 250,000 institutional research data points, ensuring reliability through rigorous selection criteria, including maximum price changes and relative performance against the market [15] - The 2026 version of the handbook will feature more frequent updates (monthly instead of quarterly) and a more focused selection of private equity firms and listed companies [6][16]

Core Viewpoint - The recent week saw the acceptance of two new IPO applications from the Sci-Tech Innovation Board, with both companies focusing on advanced technology sectors and seeking significant funding. Group 1: New IPO Applications - Two companies, Guoyi Quantum Technology Co., Ltd. and Shanghai Pinzhun Laser Technology Co., Ltd., have applied for IPOs, aiming to raise 1.169 billion yuan and 1.410 billion yuan respectively [1] - Guoyi Quantum specializes in high-end scientific instruments and has not yet turned a profit, applying for listing under the "market value + revenue" standard [1] - Guoyi Quantum's projected revenues for 2022 to 2025 are 151 million yuan, 399.6 million yuan, 501 million yuan, and 171 million yuan, with net losses expected to narrow by 2026 [2] Group 2: Financial Performance and Projections - Guoyi Quantum's R&D expense ratio has been declining, from 75.34% in 2022 to 29.78% in the first half of 2025 [2] - Pinzhun Laser's revenue has shown rapid growth, with a compound annual growth rate of 90.49% from 2022 to 2024, but it still faces risks due to its relatively small scale [2] Group 3: Risks and Challenges - Pinzhun Laser has not yet secured land for its fundraising projects, which poses a risk to its operational plans [3] - Guoyi Quantum's management anticipates a significant reduction in losses by 2025, but acknowledges potential discrepancies in these forecasts due to various influencing factors [2] - Both companies face challenges related to their growth strategies and market conditions, which could impact their financial stability [2][3] Group 4: Other IPO Developments - In addition to the new applications, seven other companies have passed the review process, with three having submitted registration and four still under review [3] - Two companies, Chuangzheng Electric Co., Ltd. and Harbin Dongsheng Jin Materials Technology Group Co., Ltd., have had their IPO applications terminated, with Chuangzheng Electric facing issues related to financial audits [3][4] - Dongsheng Jin Materials reported a significant decline in revenue and net profit in 2023, attributed to market conditions and customer inventory adjustments [5]

Core Viewpoint - Guoyi Quantum Technology (Hefei) Co., Ltd. has received approval for its IPO on the Sci-Tech Innovation Board, aiming to raise 1.17 billion yuan for high-end scientific instrument industrialization and quantum technology research [3][4]. Company Overview - Guoyi Quantum was established in 2016 with a registered capital of 360 million yuan, focusing on the R&D of high-end scientific instruments, serving clients primarily from universities, research institutions, and enterprises [3]. - As of the signing date of the prospectus, the company holds 129 invention patents related to its main business [3]. Financial Highlights - The company reported total assets of 1.31 billion yuan as of June 30, 2025, with a total equity attributable to the parent company of 674.66 million yuan [5]. - The revenue for the years 2022 to 2025 is projected to be 151.51 million yuan, 400 million yuan, 501 million yuan, and 171.21 million yuan respectively, indicating a compound annual growth rate of over 80% [7]. - The net profit attributable to the parent company for the same period is projected to be -168 million yuan, -169 million yuan, -104 million yuan, and -73.94 million yuan, indicating that the company has not yet achieved profitability [7]. Shareholding Structure - The actual controllers of Guoyi Quantum are He Yu and Rong Xing, who collectively control 34.87% of the voting rights through a concerted action agreement [3]. - The second-largest shareholder is the University of Science and Technology of China, holding 14.75% of the shares [4]. Management Team - He Yu, born in 1992, is the Chairman and General Manager of the company, with a background in engineering and extensive experience in the quantum technology sector [4]. - The company's Vice General Manager, Cao Feng, has a salary of 2.32 million yuan, which is more than three times that of He Yu [7].

Market News - US stock indices closed mixed, with the Dow Jones up 1.34%, the Nasdaq down 0.25%, and the S&P 500 up 0.21%. Major tech stocks mostly declined, with Oracle down over 10%, Google down over 2%, and Tesla and Nvidia down over 1% [1] - International oil prices fell, with WTI crude down 0.96% at $57.91 per barrel and Brent crude down 1.01% at $61.58 per barrel. In contrast, international gold prices rose, with spot gold up 1.06% at $4273.16 per ounce and COMEX gold futures up 1.87% at $4303.9 per ounce [1] - European stock indices closed higher, with Germany's DAX up 0.68%, France's CAC40 up 0.79%, and the UK's FTSE 100 up 0.49% [1] Industry Insights - Starcloud, a startup, successfully trained a large language model in space using Nvidia's H100 and plans to build a 5 GW solar-powered orbital data center. The CEO stated that energy costs for the orbital data center could be 10 times lower than ground-based centers [2] - The satellite communication industry is expected to exceed 200-400 billion yuan by 2030, with an annual compound growth rate of 10%-28%. The industry is at a critical turning point from "concept validation" to "scale application" [3] - Guoyi Quantum Technology's IPO was accepted, aiming to raise 1.17 billion yuan for high-end scientific instrument industrialization and quantum technology research. The company has 129 patents related to its main business [3] - The quantum computing industry is expected to reach a market size of hundreds of billions by 2025-2030, driven by technological breakthroughs and market demand. Key stocks include Keda Guokai and Deep Technology [4] - The "Intelligent Connection Future" Brain-Computer Interface International Conference will be held, focusing on the establishment of a brain-computer interface industry cluster and the initiation of international standards for the technology [5] - The global brain-computer interface medical application market is projected to reach $40 billion by 2030 and $145 billion by 2040, with significant potential in treating neurological disorders [6]

Core Viewpoint - Guoyi Quantum Technology (Hefei) Co., Ltd. has received approval for its IPO on the Sci-Tech Innovation Board, aiming to raise 1.17 billion yuan for high-end scientific instrument industrialization and quantum technology research [3] Company Overview - Guoyi Quantum was established in 2016 with a registered capital of 360 million yuan, focusing on the R&D of high-end scientific instruments, serving primarily universities, research institutions, and corporate clients [3] - As of the signing date of the prospectus, the company holds 129 invention patents related to its main business [3] Fundraising Purpose - The company plans to use the proceeds from the IPO to fund the industrialization of high-end scientific instruments, the construction of a quantum technology research institute, and the establishment of an application center network [3] Shareholding Structure - The actual controllers of Guoyi Quantum are He Yu and Rong Xing, who collectively control 34.87% of the voting rights [3] - He Yu indirectly controls 27.20% of the voting rights through Hefei Sikun and holds additional indirect control through other entities [5] - The second-largest shareholder is Keda Holdings, which holds 14.75% of the shares [6] Financial Performance - The company's revenue for the years 2022 to 2025 is projected to be 151 million yuan, 400 million yuan, 501 million yuan, and 171 million yuan respectively, with a compound annual growth rate of over 80% [9] - The net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be -168 million yuan, -169 million yuan, -104 million yuan, and -73.94 million yuan for the same period, indicating that the company has not yet achieved profitability [9]