载人登月任务取得重要阶段性突破，"洪荒70"高温超导托卡马克装置创全球商业聚变新纪录，宇树机器 人再登春晚展现高超"武功"……新年以来，我国科技创新成果亮点纷呈，展现出硬核实力与蓬勃生机， 为"十五五"时期开好局、起好步筑牢了科技根基。 抢占科技发展制高点 "十四五"以来，面对纷繁复杂的国际形势和国内转型升级的发展要求，我国坚定实施创新驱动发展战 略，持续加大关键核心技术攻关力度，抢占科技发展制高点。 "大国重器"接连落地，不断刷新中国创新的新高度—— "嫦娥六号"实现人类首次月球背面采样返回，"天问二号"踏上小行星探测的"追星"之旅；福建舰劈波斩 浪，国产大型邮轮扬帆远航；CR450动车组刷新中国速度，全球首座第四代核电站正式商运投产，"祖 冲之三号"再次打破超导体系量子计算优越性世界纪录…… 这些"首次""首座"，不仅见证着我国科技实力从跟跑到并跑、再到部分领跑的历史性跨越，更推动我国 产业发展不断向全球价值链中高端迈进。 亮眼成绩单的背后，是我国持续稳定的创新投入与日益完善的创新体系。"十四五"时期，全社会研发经 费投入年均增长10%，2025年全社会研发经费投入强度提升至2.8%，首次超过经济合作与发 ...

2021－2025，国民经济和社会发展第十四个五年规划期间，我国经济社会发展取得新的开创性进展、突 破性变革、历史性成就，中国答卷举世瞩目。 科技兴则民族兴 科技强则国家强 把我国建设成为科技强国 是近代以来中华民族孜孜以求的梦想 "十四五"期间 我国坚持创新在现代化建设全局中的 核心地位 把科技自立自强作为国家发展的 战略支撑 五年来 重大原创成果加速涌现 科技与产业深度融合 "天宫"巡天 "嫦娥"探月 航母福建舰入列 新质生产力蓬勃生长…… 向新而行 活力迸发 中国科技创新捷报频传 2021年11月19日，在北京故宫午门拍摄的中国空间站过境照片（轨迹为多张照片堆栈）。 大国重器是 科技创新的集中体现与硬核标志 国产大飞机"出海"…… 五年间 中国站上一个又一个 大国重器的创新制高点 这些闪耀的成就 成为东方大国自立自强 牢牢把握发展主动的鲜活注脚 画面。 2024年6月4日7时38分，嫦娥六号上升器携带月球样品自月球背面起飞，随后成功进入预定环月轨道。 嫦娥六号完成世界首次月球背面采样和起飞。这是当日在北京航天飞行控制中心屏幕上拍摄的嫦娥六号 取样回放画面。 2022年11月30日在酒泉卫星发射中心拍摄的 ...

这趟列车很快。 "妈，中午回家吃饭。"G371次复兴号风驰电掣，两小时后，石钧岩便从北京回到河南郑州。一碗"妈妈 牌"烩面下肚，暖意从舌尖流到心窝，"真得劲！" 这趟列车很慢。 "不急不急，车会等。"林海雪原之上，4245次公益"慢火车"悠悠穿行。从山里到山外，285公里，要走6 个多小时。 时速350公里与时速50公里，快与慢，交会协同于中国铁路，编织起一张有温度、有韧性的现代化交通 网。 快，加速了抵达，激发出创新活力。 齐建勋，中国科学院微生物研究所研究员，大科学装置上海光源的老客户、京沪高铁的常客。 "有时早上在上海光源收集完数据，中午坐高铁，晚上就到北京开课题讨论会。"齐建勋说。近年来，齐 建勋所在团队整合京沪两地资源，成功解析了包括埃博拉病毒在内的多种病毒结构，为抗病毒药物设计 提供了新靶点。 "高铁让空间距离不再是创新阻碍。一个结构问题，48小时内就能在两地完成验证闭环。"齐建勋说。 快，拉近了距离，助推着产业集聚。 李言军，仙乐健康科技（安徽）有限公司总经理。这是他的24小时：前一天，从国外飞上海，当晚抵达 江苏苏州家里。次日，坐上高铁列车前往安徽马鞍山，到公司时还不到下午1点半。 就拿穿行在 ...

2026年2月14日 星期六 "复兴号"疾驰,"慢火车"攸攸 国铁路快慢 达越列车很快。 "妈,申年国家歌剧,"G371次复兴号员 染水影,即小时间_石色染傳以北京剧到演唱 影州，一碗"你妈妈"脸面下肚,眼意从后少 携到心宫,"真得劲!" 这趟列年使慢。 "天像不会 其令部,"对海岸区" 4245次公益"慢火车"整套穿行。从山里到 山扑,285公里,要走6个多小时， 时速355公里与时间50公里,快与侵,交 会协属于中国铁路,镇织起一张有温度,有积 性的现代化交通网。 快,加速了抵达,激发出剑断活力。 表建制,中国科学院费中物研究所研究 大科学及量上高元原的老等户、家户高校 的常落 "有时早上在上海免费收露高效据,中国 出高铁,晚上就到北京开课剧讨论会,"齐建 即说，近年来,去建助所在团队整合京沪同 地资源,成功解析了信括埃博拉丽泰在内的 多种刷墨结构,为抗剔塞药物设计模供了服 第四十 "高铁让艾同载意不再是创新服碍。一 个站构问题,48小时内武能在两地完成验证 田环,"未確助说 快,投近了距离,助推看严查演图。 李吉军,也乐健康科技(安徽)有限公司 也轻理。这是他的24小时:前一天,从股外 飞上难,这龄解决 ...

"复兴号"疾驰，"慢火车"悠悠 中国铁路快慢间 时速350公里与时速50公里，快与慢，交会协同于中国铁路，编织起一张有温度、有韧性的现代化交通 网。 快，加速了抵达，激发出创新活力。 齐建勋，中国科学院微生物研究所研究员，大科学装置上海光源的老客户、京沪高铁的常客。 "有时早上在上海光源收集完数据，中午坐高铁，晚上就到北京开课题讨论会。"齐建勋说。近年来，齐 建勋所在团队整合京沪两地资源，成功解析了包括埃博拉病毒在内的多种病毒结构，为抗病毒药物设计 提供了新靶点。 "高铁让空间距离不再是创新阻碍。一个结构问题，48小时内就能在两地完成验证闭环。"齐建勋说。 本报记者 李心萍 这趟列车很快。 "妈，中午回家吃饭。"G371次复兴号风驰电掣，两小时后，石钧岩便从北京回到河南郑州。一碗"妈妈 牌"烩面下肚，暖意从舌尖流到心窝，"真得劲！" 这趟列车很慢。 "不急不急，车会等。"林海雪原之上，4245次公益"慢火车"悠悠穿行。从山里到山外，285公里，要走6 个多小时。 快，拉近了距离，助推着产业集聚。 李言军，仙乐健康科技（安徽）有限公司总经理。这是他的24小时：前一天，从国外飞上海，当晚抵达 江苏苏州家里。次日， ...

Core Insights - China CRRC (601766) is promoting its CR450 high-speed train and the "Qihang" 20 MW offshore wind turbine, emphasizing its strategy of "technology synergy and industrial chain collaboration" to expand in the clean energy equipment sector, forming a "dual-track dual-cluster" pattern [1] - The company has been focusing on direct exports to the European market and has established subsidiaries in Europe, while clarifying that it is not currently involved in the aerospace sector [1] Stock Performance - As of February 12, 2026, the latest stock price of China CRRC A-shares (601766.SH) is 6.41 CNY, with a slight increase of 0.16% on that day and a cumulative decline of 0.16% over the past five days, with a price range fluctuation of 1.87% [2] - Technical analysis indicates a Bollinger Bands resistance level at 6.94 CNY and a support level at 6.11 CNY; the MACD histogram has turned positive, suggesting a slight improvement in short-term momentum [2] - The wind power concept sector rose by 1.64% and the high-speed rail concept sector increased by 1.18% on the same day [2] Institutional Insights - Guosen Securities' mechanical equipment industry weekly report on February 10 highlights the sustained high prosperity of AI infrastructure and unexpected capital expenditures from overseas major manufacturers, recommending attention to sub-sectors like liquid cooling and gas turbines, which are related to the company's wind power business [3]

Core Insights - China's technological innovation has made significant strides in 2025, with numerous breakthroughs across various fields, indicating a robust growth trajectory in the tech sector [1][2][3][4][6][7]. Group 1: Major Technological Achievements - The Jiangmen Neutrino Experiment achieved a measurement precision improvement of 1.5 to 1.8 times over the previous international standard, marking a significant milestone in neutrino research [1]. - The "artificial sun" nuclear fusion experiment in Anhui set a world record by maintaining a temperature of 100 million degrees Celsius for 1066 seconds, representing a major leap from basic science to engineering practice in fusion energy [2]. - The construction of "Zuchongzhi No. 3" by the University of Science and Technology of China achieved a speed of solving quantum random circuit sampling problems that is 10 trillion times faster than the current fastest supercomputer [2]. Group 2: Industry Growth Metrics - In 2025, the manufacturing value added of intelligent unmanned aerial vehicles and intelligent vehicle-mounted equipment grew by 57% and 26.2%, respectively, while integrated circuit manufacturing and optoelectronic device manufacturing increased by 26.7% and 18.8% [4]. - By the end of 2025, the number of valid invention patents in China reached 5.32 million, with a per capita high-value invention patent ownership of 16, exceeding the target set in the "14th Five-Year Plan" for intellectual property [4]. Group 3: Global Recognition and Innovation Capacity - China ranked among the top ten in the global innovation index for the first time, with the highest number of top 100 innovation clusters for three consecutive years [7]. - In 2025, total R&D expenditure reached 39,262 billion yuan, maintaining China's position as the second-largest R&D investor globally, reflecting a significant increase from 10 trillion yuan in 2012 [6].

Core Viewpoint - In 2025, China's GDP reached 140.19 trillion yuan, growing by 5% year-on-year, marking a significant milestone in the "14th Five-Year Plan" period, showcasing the resilience and strength of the Chinese economy amidst global challenges [1][2] Economic Performance - China's GDP crossed the 140 trillion yuan mark, achieving a four-step increase during the "14th Five-Year Plan" period [2] - The economy demonstrated stability and progress, with a focus on high-quality development and effective macroeconomic policies [2][8] Policy Measures - A comprehensive set of macroeconomic policies was implemented, including over 2.8 trillion yuan in tax reductions and targeted support for key sectors [2][3] - The reduction of the reserve requirement ratio and policy interest rates released over 2 trillion yuan in long-term liquidity, aiding businesses in securing loans [2] Consumer Demand and Innovation - The issuance of long-term special government bonds amounting to 1.3 trillion yuan supported consumer spending, leading to a retail sales growth of 3.7% [3][4] - China's innovation index entered the global top ten, with R&D expenditure intensity reaching 2.8%, surpassing the OECD average [4][6] Industrial Growth - The manufacturing sector saw significant growth, with high-tech manufacturing value added accounting for 17.1% of industrial output [6] - The production of drones and industrial robots increased by 37.3% and 28%, respectively, indicating a strong trend in advanced manufacturing [6][7] Digital Economy - The digital economy expanded, with a 9.3% increase in the value added by digital product manufacturing [7] - New consumption models and online retail grew by 8.6%, reflecting the increasing penetration of digital technologies [7] Future Outlook - The policies implemented in 2026 aim to stimulate economic growth and ensure a strong start for the "15th Five-Year Plan" [10][11] - International financial institutions remain optimistic about China's economic fundamentals and asset performance, indicating a positive long-term outlook [11]

新在绿色转型加快，资源约束持续突破。实践证明，高消耗、高排放、高污染的粗放发展方式不可持 续，通过发展新质生产力，让资源利用更加集约、生产过程更加清洁，是解决我国可持续发展问题的治 本之策。2025年，我国非化石能源成为第二大能源类型，清洁能源发电量占规模以上工业发电量的比重 达35.2%，推动生态环境质量实现系统性改善，人民群众对生态环境的满意度连续4年超过90%。"十五 五"时期，我国将在重点行业持续深入实施节能降碳专项行动，预计节能量可达1.5亿吨标准煤，减少二 氧化碳排放约4亿吨。 当前，新一轮科技革命和产业变革浪潮奔涌，如何抓住机遇、乘势而上？2025年，DeepSeek（深度求 索）横空出世、"人造太阳"实现千秒运行、CR450动车组样车成功下线、无人矿卡开进矿山深处，每一 项成绩都在印证，新质生产力代表创新、引领创新、主导创新，已经在实践中形成并展示出对高质量发 展的强劲推动力、支撑力。展望未来，还将表现为"五个新"。 新在产业提质升级，发展动能持续增强。从机械化到电气化，再到信息化、智能化，每次产业革命都意 味着新技术的普及应用，推动主导产业和支柱产业迭代升级。"十四五"时期，我国新能源汽车年 ...

Core Insights - China CRRC is focusing on two major products: the CR450 high-speed train and the 20 MW floating offshore wind turbine "Qihang," which represent advancements in rail transportation and clean energy sectors respectively [2] Group 1: Product Development - The CR450 train is set to undergo comprehensive operational testing and design optimization, aiming to be the fastest high-speed train globally [2] - The "Qihang" wind turbine is the world's largest floating offshore wind turbine, expected to complete various tests and finalization [2] Group 2: Strategic Direction - The State-owned Assets Supervision and Administration Commission emphasizes the need for state-owned enterprises to pursue a "second curve" for growth, focusing on new business development while maintaining stability in core operations [2] - China CRRC has developed a "second curve" cultivation path characterized by capability transfer and system synergy, which includes keywords like technology homology and industrial co-chain [2] Group 3: Technology and Innovation - Technology homology serves as a foundation for new business development, allowing for reduced R&D uncertainty and industrialization risks, thus ensuring high technical maturity and engineering feasibility from the start [3] - The wind turbine can be viewed as a "vertical high-speed train," as the principles of wind power generation are similar to those of high-speed train electric braking [3] Group 4: Market Position and Growth - China CRRC has developed "invisible champions" in the wind power sector, such as the wind power IGBT module and ring groove rivets, achieving over 80% market share in wind turbine nacelles and towers globally, with a 100% domestic market share [4] - The company is leveraging its reliability design systems, engineering experience, precision manufacturing technology, and quality assurance capabilities from the rail sector to enhance its wind power equipment offerings [4] - By 2025, revenue from new industry segments is projected to exceed 86.3 billion yuan, accounting for over 35% of total revenue, indicating robust growth of the "second curve" [4]