今日早参 2025 年 9 月 04 日 王兴 通信行业首席研究员 座机：021-38476737 邮箱：wangxing@htsc.com 申建国 电力设备与新能源行业首席研究员 邮箱：shenjianguo@htsc.com 边文姣 电力设备与新能源行业研究组长 座机：0755-82776411 邮箱：bianwenjiao@htsc.com 今日热点 免责声明和披露以及分析师声明是报告的一部分，请务必一起阅读。 1 航天军工：阅兵彰显实力，关注新装备与军贸 9 月 3 日，纪念中国人民抗日战争暨世界反法西斯战争胜利 80 周年阅兵式在 天安门广场举行。本次阅兵是全面推进中国式现代化进入新征程的首次阅 兵，是人民军队奋进建军百年的崭新亮相。接受检阅的 45 个方队中新型装备 占比很大，新域新质力量比重上升。1）以新型四代装备为主体，比如 100 坦克、100 支援战车等新型坦克，歼-35 等舰载机，歼-35A、歼 20S 等歼击 机，按作战模块进行编组，展示我军体系作战能力；2）陆上、海上、空中 系列无人智能和反无人装备，以及网电作战等新型力量受阅，比如无人僚 机、无人制空作战飞机等新型无人机，高能激光武 ...

这是反无人机方队接受检阅。 新华社记者夏一方摄 军事专家洪源向南都N视频记者表示，无人设备与反无人设备好比矛与盾，二者的对抗将长期存在于战争中。当 无人设备得到智能化加持，反无人设备亦需同步升级。 9月3日举行的阅兵仪式上，展示了反无弹炮系统、高能激光武器、高功率微波武器等多款反无人机装备。 据新华社报道，这些装备成体系建设，可拦截无人机、巡飞弹等目标，既能软杀伤，又能硬摧毁，是反制无人机 的强大"铁三角"。 在现代战场上，无人机与反无人机的攻防已逐步成为常态。新华社此前报道，俄乌冲突中，双方均出动大量无人 机发动攻击，并使用无线电波发射设备进行防御。 此次反无人机方队中，采用微波为毁伤原理的定向能武器十分引人关注。央视截图 高功率微波武器则被形象地称为军用"微波炉"。央视网一档节目中介绍，此类武器发出高功率波束，相当于以光 速把成千上万个微波炉发射到天空，瞬间烤焦高空无人机，精准度非常高。 资深军事评论员魏东旭分析说，定向能武器在防范拦截"低慢小"目标的过程中，兼具技术优势和成本优势。一些 微波武器可以有效地针对"低慢小"目标进行群体化的杀伤；随着技术成熟，激光武器不仅能瞬间摧毁目标，还能 在单位时间内多次 ...

Group 1 - The core viewpoint highlights the significant advancements in China's military technology, showcasing new equipment such as unmanned systems and advanced weaponry, reflecting the country's technological innovation capabilities [1][2][3] - The display of domestic military equipment at the recent parade symbolizes China's commitment to safeguarding national sovereignty and maintaining global peace [2][3] - The rise of China's defense technology industry mirrors the overall development trajectory of the nation, indicating a strong correlation between military advancements and national progress [3] Group 2 - Recent breakthroughs in artificial intelligence and robotics are accelerating the transformation of advanced technologies into practical applications, with a focus on creating a comprehensive ecosystem for smart products [4][6] - The report indicates that by mid-2025, China will have registered 439 large models across various industries, demonstrating the rapid growth of AI applications in sectors like healthcare, agriculture, and finance [7] - The industrial robot market in China is projected to reach sales of 302,000 units in 2024, maintaining its position as the largest industrial robot market globally for 12 consecutive years [7] Group 3 - The market for intelligent robotic dogs in China is expected to grow significantly over the next five years, with an annual compound growth rate of 37.5%, potentially exceeding 5 billion yuan [8] - The development of low-altitude equipment is advancing rapidly, with over 4 million units in operation and around 1,400 companies involved in the sector, emphasizing the trend towards unmanned, electric, and intelligent technologies [8] - The transition from technological breakthroughs to large-scale applications is evident, with AI expected to become ubiquitous across various industries, enhancing the practicality and intelligence of robots and unmanned services [8]

Core Points - The event commemorated the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War, held in Beijing on September 3rd [3][5][19]. Group 1: Airborne and Ground Forces - The Airborne Flag Guard Team consisted of 45 helicopters, including the Chinese Communist Party flag, the national flag, and the military flag, symbolizing the event's significance [1]. - The Army contingent included 99% of its members from grassroots levels, showcasing a diverse range of military specialties [5][19]. - The Navy contingent was noted for having the youngest average age among the participating teams, reflecting the new generation of naval officers [7][9]. - The Air Force contingent comprised members who had all participated in high-altitude parachuting, with over 70% having engaged in major training exercises [9][11]. Group 2: Strategic and Support Forces - The Rocket Force displayed a mix of high-tech professionals and personnel from various operational backgrounds, with over 80% having participated in significant missions [11][13]. - The Military Space Force made its debut as a strategic unit, emphasizing its role in space security and crisis management [13][15]. - The Cyber Space Force also made its first appearance, highlighting its importance in national cybersecurity and information sovereignty [15][17]. - The Logistics Support Force included personnel from various military backgrounds, showcasing the integration of different military branches [19][21]. Group 3: Advanced Weaponry and Technology - The Ground Assault Team featured advanced armored vehicles, including the 99B and 100 tanks, demonstrating significant improvements in combat capabilities [31][33]. - The Amphibious Assault Team showcased new equipment designed for versatile military operations, emphasizing the modernization of naval infantry [33][35]. - The Long-Range Artillery Team presented the 191 long-range rocket launchers, capable of precise strikes and rapid deployment [37][39]. - The Naval Defense Weapons Team displayed a multi-layered air defense system, including various missile types for comprehensive protection [39][41]. Group 4: Strategic Deterrence and Command - The Nuclear Missile First Team showcased a range of strategic nuclear capabilities, emphasizing the importance of deterrence in national security [72][74]. - The Early Warning Command Aircraft Team demonstrated advancements in aerial command and control systems, enhancing operational readiness [76][78]. - The Special Aircraft Team highlighted new support capabilities for both the Navy and Air Force, marking a significant step in integrated military operations [78][80].

Core Viewpoint - The article highlights the evolution and modernization of anti-drone equipment in the context of contemporary warfare, showcasing a new generation of military capabilities that integrate advanced technologies and historical legacy [1][13]. Group 1: Anti-Drone Equipment Overview - The anti-drone formation showcased during the military parade consists of 17 vehicles across 5 types, demonstrating the integration of high-tech modern weaponry [1]. - The equipment features a modular and open structure, incorporating anti-drone artillery systems, high-energy laser weapons, and high-power microwave weapons, collectively referred to as the "Iron Triangle" [1][5]. Group 2: Specific Weaponry Details - The laser weapon, part of the "Iron Triangle," operates by emitting high-energy beams to damage targets without explosive sounds or recoil, emphasizing its modern capabilities [5]. - The combined artillery weapon, another component of the "Iron Triangle," is noted for its rapid response, strong interception capabilities, and high shooting accuracy, effectively reducing threats from low, slow, small targets [7]. - The high-energy microwave weapon, also part of the "Iron Triangle," is designed to inflict damage on drones and drone swarms over a wide area, showcasing advancements in military technology [9]. Group 3: Historical Context and Legacy - The anti-drone formation is primarily composed of personnel from a historic army unit established in 1927, known for its significant contributions during the Anti-Japanese War, embodying a legacy of loyalty and resilience [13]. - The soldiers express a commitment to uphold the spirit and values of their predecessors, emphasizing the importance of political loyalty and combat readiness in modern warfare [15].

Core Points - The event commemorated the 80th anniversary of the victory in the Chinese People's Anti-Japanese War and the World Anti-Fascist War, featuring a grand military parade in Tiananmen Square [1] - A total of 45 formations participated in the parade, showcasing the new military structure and capabilities of the People's Liberation Army (PLA) [3][6] - The parade highlighted advanced weaponry, including the DF61 missile and various unmanned combat systems, emphasizing China's military modernization [10][14] Military Developments - The military parade included new formations such as the military aerospace unit, cyber space unit, and information support unit, marking their first appearance at the event [6] - The "Machine Wolf," an unmanned combat equipment, was introduced, capable of remote control and autonomous operations for various combat support roles [14] - The naval unmanned combat unit displayed new unmanned underwater vehicles and systems, showcasing capabilities for stealth deployment and autonomous reconnaissance [16] Advanced Weaponry - The anti-drone unit featured systems capable of intercepting drones and cruise missiles, utilizing a combination of soft and hard kill methods [20] - The nuclear missile units presented a range of strategic nuclear capabilities, including air-launched, submarine-launched, and land-based intercontinental missiles, underscoring China's deterrent power [30][34] - The air force showcased advanced fighter jets, including the J-20S and J-35A, which are designed for multi-role operations and stealth capabilities [37] Airborne Operations - The airlift capabilities were demonstrated with the Y-20A and Y-20B transport aircraft, highlighting improvements in strategic deployment and operational versatility [41] - The bomber formations included the H-6N and H-6K, representing China's long-range strike capabilities [41]

Group 1 - The event commemorated the 80th anniversary of the victory in the Chinese People's Anti-Japanese War and the World Anti-Fascist War, held at Tiananmen Square in Beijing [1] - A total of 45 formations participated in the parade, including 13 foot formations, showcasing the new military structure after comprehensive reforms [3][9] - The parade featured various military branches, including the People's Liberation Army, armed police, and new military units such as the military aerospace and cyber forces [9][20] Group 2 - Advanced weaponry was displayed, including the DF61 missile, highlighting the modernization of China's military capabilities [13][41] - The parade included a naval unmanned combat formation featuring new unmanned underwater vehicles and systems capable of stealth deployment and autonomous operations [20] - The land unmanned combat formation showcased a new type of robotic equipment called "Machine Wolf," designed for reconnaissance and support roles [21] Group 3 - The anti-drone formation demonstrated systems capable of intercepting drones and cruise missiles, showcasing a comprehensive approach to counter-drone warfare [27] - The aerial formations included advanced fighter jets such as the J-20 and J-35A, emphasizing China's advancements in stealth and multi-role capabilities [48] - The strategic missile formations displayed various intercontinental ballistic missiles, underscoring China's nuclear deterrent capabilities [41][45]

反无人机方队3日上午通过天安门广场，接受祖国和人民检阅。 反无人机方队由陆军某合成旅和空军地空导弹某旅混编，这两支部队都是经过战火硝烟淬炼的英雄部 队。 这个方队受阅的反无弹炮系统、高能激光武器、高功率微波武器等成体系建设，可拦截无人机、巡飞弹 等目标，既能软杀伤，又能硬摧毁，是反制无人机的强大"铁三角"。 （文章来源：新华社） ...

Core Viewpoint - The U.S. Army is forming new mobile units to address potential conflicts with China, emphasizing the need for flexible ground forces, new missile systems, and innovative combat strategies [1]. Group 1: New Units - The U.S. has established two multi-domain task forces in the Asia-Pacific region, with a third one currently being formed, ultimately aiming to create five such units [3]. - The multi-domain task forces are designed to operate across various domains including land, sea, air, space, cyber, and electromagnetic [3]. - Each multi-domain task force includes units such as long-range artillery battalions, air defense battalions, support battalions, and multi-domain effectiveness battalions [3]. Group 2: New Warfare Strategies - The new mobile units are intended to be deployed in the so-called "first island chain" during wartime, utilizing their equipped medium to long-range missiles to strike ground and maritime targets [5]. - The "HIMARS" rocket artillery can fire guided rockets with a range of approximately 90 kilometers, while its tactical missiles can reach up to 300 kilometers, and precision strike missiles can extend to 500 kilometers, with improved versions potentially reaching 1,000 kilometers [6]. - The "THAAD" system can launch "Standard"-6 missiles with a range of 400-500 kilometers for ground attack, and "Tomahawk" cruise missiles exceeding 1,600 kilometers, while the "Dark Eagle" system can reach up to 2,700 kilometers [6]. Group 3: New Capabilities - The multi-domain task forces can create multiple firepower zones, capable of striking deep land targets in Asia, and improved missiles can also target mobile objectives, including key maritime routes in the "first island chain" [6]. - However, the deployment of these forces may face significant challenges in real combat scenarios, particularly regarding air superiority and the effectiveness of their defense systems against high-intensity aerial attacks [8]. - The formation of multi-domain task forces is seen as a way to expand the Army's roles and prevent marginalization, although the actual participation of these forces in potential conflicts remains uncertain [8].