694 lines
41 KiB
HTML
694 lines
41 KiB
HTML
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<!DOCTYPE html>
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<html lang="zh-CN" data-theme="dark">
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<head>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>蓝箭航天朱雀三号 - 中国商业航天革命</title>
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<script src="https://cdn.tailwindcss.com"></script>
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.4.19/dist/full.min.css" rel="stylesheet" type="text/css" />
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<link href="https://fonts.googleapis.com/css2?family=Inter:wght@300;400;500;600;700;800&display=swap" rel="stylesheet">
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<style>
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@import url('https://fonts.googleapis.com/css2?family=Orbitron:wght@400;700;900&display=swap');
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body {
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font-family: 'Inter', sans-serif;
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background: linear-gradient(135deg, #0c1027 0%, #1a0638 100%);
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min-height: 100vh;
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}
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.orbitron {
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font-family: 'Orbitron', sans-serif;
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}
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.hero-bg {
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background:
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radial-gradient(circle at 20% 80%, rgba(120, 119, 198, 0.3) 0%, transparent 50%),
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radial-gradient(circle at 80% 20%, rgba(255, 119, 198, 0.2) 0%, transparent 50%),
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linear-gradient(135deg, #0c1027 0%, #1a0638 100%);
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position: relative;
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overflow: hidden;
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}
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.hero-bg::before {
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content: "";
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position: absolute;
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top: 0;
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left: 0;
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right: 0;
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bottom: 0;
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background-image:
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radial-gradient(2px 2px at 20px 30px, #eee, transparent),
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radial-gradient(2px 2px at 40px 70px, rgba(255,255,255,0.8), transparent),
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radial-gradient(1px 1px at 90px 40px, #fff, transparent);
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background-repeat: repeat;
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background-size: 150px 150px;
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opacity: 0.15;
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animation: twinkle 8s infinite linear;
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}
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@keyframes twinkle {
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0% { opacity: 0.1; }
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50% { opacity: 0.2; }
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100% { opacity: 0.1; }
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}
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.glass-card {
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background: rgba(255, 255, 255, 0.05);
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backdrop-filter: blur(10px);
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border: 1px solid rgba(255, 255, 255, 0.1);
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}
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.timeline-line {
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background: linear-gradient(to bottom, #00d4ff, #ff00ff);
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}
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.text-gradient {
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background: linear-gradient(135deg, #00d4ff, #ff00ff);
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-webkit-background-clip: text;
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-webkit-text-fill-color: transparent;
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background-clip: text;
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}
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.pulse-glow {
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animation: pulseGlow 2s infinite alternate;
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}
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@keyframes pulseGlow {
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0% { box-shadow: 0 0 20px rgba(0, 212, 255, 0.3); }
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100% { box-shadow: 0 0 40px rgba(0, 212, 255, 0.6); }
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}
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.table-responsive table {
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white-space: normal;
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}
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@media (max-width: 768px) {
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.table-responsive td, .table-responsive th {
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padding: 0.75rem 0.5rem;
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font-size: 0.875rem;
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}
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}
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</style>
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</head>
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<body class="text-white">
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<!-- Hero Section -->
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<div class="hero min-h-[700px] hero-bg">
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<div class="hero-content text-center">
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<div class="max-w-6xl z-10 relative">
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<div class="badge badge-primary badge-lg mb-6 animate-pulse">即将首飞 · 2025年11月</div>
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<h1 class="text-5xl md:text-7xl font-black orbitron mb-6 bg-gradient-to-r from-blue-400 via-purple-500 to-pink-500 bg-clip-text text-transparent">
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朱雀三号
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</h1>
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<p class="text-2xl md:text-3xl font-bold mb-4 text-gradient">全球首款全不锈钢液氧甲烷可回收火箭</p>
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<p class="text-lg md:text-xl text-gray-300 mb-8 max-w-4xl mx-auto leading-relaxed">
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中国商业航天革命性突破，对标SpaceX猎鹰9号，目标将发射成本降至<span class="text-cyan-400 font-bold">2万元/kg</span>以内，支撑GW/千帆星座高密度组网
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</p>
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<!-- 核心指标卡片 -->
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<div class="grid grid-cols-2 md:grid-cols-4 gap-4 md:gap-6 mt-8">
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<div class="glass-card rounded-xl p-4 md:p-6 pulse-glow">
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<div class="text-3xl md:text-4xl font-black text-cyan-400">18.3吨</div>
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<div class="text-sm md:text-base text-gray-400">回收状态运力</div>
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</div>
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<div class="glass-card rounded-xl p-4 md:p-6">
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<div class="text-3xl md:text-4xl font-black text-purple-400">21.3吨</div>
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<div class="text-sm md:text-base text-gray-400">一次性运力</div>
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</div>
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<div class="glass-card rounded-xl p-4 md:p-6">
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<div class="text-3xl md:text-4xl font-black text-pink-400">66米</div>
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<div class="text-sm md:text-base text-gray-400">全箭长度</div>
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</div>
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<div class="glass-card rounded-xl p-4 md:p-6">
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<div class="text-3xl md:text-4xl font-black text-emerald-400">570吨</div>
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<div class="text-sm md:text-base text-gray-400">起飞重量</div>
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</div>
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</div>
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</div>
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</div>
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</div>
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<!-- 核心逻辑摘要 -->
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<section class="container mx-auto px-4 py-16">
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<div class="text-center mb-12">
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<h2 class="text-4xl md:text-5xl font-bold orbitron mb-4">核心投资逻辑</h2>
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<p class="text-gray-400 text-lg max-w-3xl mx-auto">朱雀三号概念正处于"技术验证末期→商业化启动期"的质变拐点</p>
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</div>
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<div class="grid md:grid-cols-3 gap-6">
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<div class="card glass-card p-8 rounded-2xl hover:scale-105 transition-transform duration-300">
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<div class="flex items-center mb-4">
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<div class="w-12 h-12 rounded-full bg-gradient-to-r from-blue-500 to-cyan-500 flex items-center justify-center mr-4">
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<svg class="w-6 h-6" fill="none" stroke="currentColor" viewBox="0 0 24 24">
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<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M13 10V3L4 14h7v7l9-11h-7z"></path>
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</svg>
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</div>
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<h3 class="text-xl font-bold">技术突破</h3>
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</div>
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<p class="text-gray-300">全球首款全不锈钢液氧甲烷火箭，10公里级回收试验成功，九机并联动力系统验证完成，核心技术已闭环</p>
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</div>
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<div class="card glass-card p-8 rounded-2xl hover:scale-105 transition-transform duration-300">
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<div class="flex items-center mb-4">
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<div class="w-12 h-12 rounded-full bg-gradient-to-r from-purple-500 to-pink-500 flex items-center justify-center mr-4">
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<svg class="w-6 h-6" fill="none" stroke="currentColor" viewBox="0 0 24 24">
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<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M19 11H5m14 0a2 2 0 012 2v6a2 2 0 01-2 2H5a2 2 0 01-2-2v-6a2 2 0 012-2m14 0V9a2 2 0 00-2-2M5 11V9a2 2 0 012-2m0 0V5a2 2 0 012-2h6a2 2 0 012 2v2M7 7h10"></path>
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</svg>
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</div>
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<h3 class="text-xl font-bold">政策刚需</h3>
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</div>
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<p class="text-gray-300">GW星座和千帆星座2025年前需部署近千颗卫星，运力缺口超10倍。国家大基金9亿元注资，纳入新基建主通道</p>
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</div>
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<div class="card glass-card p-8 rounded-2xl hover:scale-105 transition-transform duration-300">
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<div class="flex items-center mb-4">
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<div class="w-12 h-12 rounded-full bg-gradient-to-r from-emerald-500 to-teal-500 flex items-center justify-center mr-4">
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<svg class="w-6 h-6" fill="none" stroke="currentColor" viewBox="0 0 24 24">
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<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M12 8c-1.657 0-3 .895-3 2s1.343 2 3 2 3 .895 3 2-1.343 2-3 2m0-8c1.11 0 2.08.402 2.599 1M12 8V7m0 1v8m0 0v1m0-1c-1.11 0-2.08-.402-2.599-1M21 12a9 9 0 11-18 0 9 9 0 0118 0z"></path>
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</svg>
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</div>
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<h3 class="text-xl font-bold">成本革命</h3>
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</div>
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<p class="text-gray-300">目标2027年将发射成本降至3000元/kg，降幅近90%。全不锈钢箭体+液氧甲烷动力，商业化模型极具颠覆性</p>
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</div>
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</div>
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</section>
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<!-- 事件时间轴 -->
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<section class="container mx-auto px-4 py-16">
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<h2 class="text-3xl md:text-4xl font-bold orbitron text-center mb-12">关键事件时间轴</h2>
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<div class="relative">
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<div class="timeline-line absolute left-8 md:left-1/2 w-0.5 h-full transform -translate-x-1/2"></div>
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<div class="space-y-8">
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<div class="flex flex-col md:flex-row items-center">
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<div class="w-full md:w-1/2 md:pr-8 md:text-right"></div>
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<div class="w-16 h-16 rounded-full bg-gradient-to-r from-blue-500 to-cyan-500 flex items-center justify-center z-10 mb-4 md:mb-0">
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<svg class="w-8 h-8" fill="none" stroke="currentColor" viewBox="0 0 24 24">
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<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M5 13l4 4L19 7"></path>
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</svg>
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</div>
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<div class="w-full md:w-1/2 md:pl-8">
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<div class="glass-card rounded-xl p-6">
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<div class="text-sm text-gray-400 mb-1">2025年11月（计划）</div>
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<h3 class="text-xl font-bold mb-2">朱雀三号首飞</h3>
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<p class="text-gray-300">执行入轨发射及一子级回收任务，若成功将成为中国首款投入运营的可复用火箭</p>
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</div>
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</div>
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</div>
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<div class="flex flex-col md:flex-row items-center">
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<div class="w-full md:w-1/2 md:pr-8 md:text-right">
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<div class="glass-card rounded-xl p-6">
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<div class="text-sm text-gray-400 mb-1">2025年10月</div>
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<h3 class="text-xl font-bold mb-2">加注合练及静态点火</h3>
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<p class="text-gray-300">朱雀三号遥一火箭完成首飞前"彩排"，进入最后准备阶段</p>
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</div>
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</div>
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<div class="w-16 h-16 rounded-full bg-gradient-to-r from-purple-500 to-pink-500 flex items-center justify-center z-10 mb-4 md:mb-0">
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<svg class="w-8 h-8" fill="none" stroke="currentColor" viewBox="0 0 24 24">
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<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M13 10V3L4 14h7v7l9-11h-7z"></path>
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</svg>
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</div>
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<div class="w-full md:w-1/2 md:pl-8"></div>
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</div>
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<div class="flex flex-col md:flex-row items-center">
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<div class="w-full md:w-1/2 md:pr-8 md:text-right"></div>
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<div class="w-16 h-16 rounded-full bg-gradient-to-r from-emerald-500 to-teal-500 flex items-center justify-center z-10 mb-4 md:mb-0">
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<svg class="w-8 h-8" fill="none" stroke="currentColor" viewBox="0 0 24 24">
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<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M19.428 15.428a2 2 0 00-1.022-.547l-2.387-.477a6 6 0 00-3.86.517l-.318.158a6 6 0 01-3.86.517L6.05 15.21a2 2 0 00-1.806.547M8 4h8l-1 1v5.172a2 2 0 00.586 1.414l5 5c1.26 1.26.367 3.414-1.415 3.414H4.828c-1.782 0-2.674-2.154-1.414-3.414l5-5A2 2 0 009 10.172V5L8 4z"></path>
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</svg>
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</div>
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<div class="w-full md:w-1/2 md:pl-8">
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<div class="glass-card rounded-xl p-6">
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<div class="text-sm text-gray-400 mb-1">2025年6月</div>
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<h3 class="text-xl font-bold mb-2">一级动力系统试车</h3>
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<p class="text-gray-300">完成国内最大规模九机并联地面热试车，为迄今自动化水平最高的动力系统试验</p>
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</div>
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</div>
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</div>
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<div class="flex flex-col md:flex-row items-center">
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<div class="w-full md:w-1/2 md:pr-8 md:text-right">
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<div class="glass-card rounded-xl p-6">
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<div class="text-sm text-gray-400 mb-1">2024年7月</div>
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<h3 class="text-xl font-bold mb-2">启动IPO辅导</h3>
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<p class="text-gray-300">蓝箭航天启动科创板上市辅导，中金公司担任辅导机构</p>
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</div>
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</div>
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<div class="w-16 h-16 rounded-full bg-gradient-to-r from-amber-500 to-orange-500 flex items-center justify-center z-10 mb-4 md:mb-0">
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<svg class="w-8 h-8" fill="none" stroke="currentColor" viewBox="0 0 24 24">
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<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M9 12h6m-6 4h6m2 5H7a2 2 0 01-2-2V5a2 2 0 012-2h5.586a1 1 0 01.707.293l5.414 5.414a1 1 0 01.293.707V19a2 2 0 01-2 2z"></path>
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</svg>
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</div>
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<div class="w-full md:w-1/2 md:pl-8"></div>
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</div>
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</div>
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</div>
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</section>
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<!-- 产业链分析 -->
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<section class="container mx-auto px-4 py-16">
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<h2 class="text-3xl md:text-4xl font-bold orbitron text-center mb-12">产业链深度剖析</h2>
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<div class="mb-12">
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<div class="glass-card rounded-2xl p-8">
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<h3 class="text-2xl font-bold mb-6 text-center">产业链图谱</h3>
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<div class="grid md:grid-cols-4 gap-4 text-center">
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<div class="bg-gradient-to-br from-blue-600 to-blue-800 rounded-xl p-6">
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<h4 class="font-bold text-lg mb-2">上游材料</h4>
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<p class="text-sm text-blue-100">不锈钢板材、高温合金、3D打印材料</p>
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</div>
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<div class="bg-gradient-to-br from-purple-600 to-purple-800 rounded-xl p-6">
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<h4 class="font-bold text-lg mb-2">核心部件</h4>
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<p class="text-sm text-purple-100">发动机、阀门、传感器、结构件</p>
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</div>
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<div class="bg-gradient-to-br from-pink-600 to-pink-800 rounded-xl p-6">
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<h4 class="font-bold text-lg mb-2">总装集成</h4>
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<p class="text-sm text-pink-100">蓝箭航天（朱雀三号总装）</p>
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</div>
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<div class="bg-gradient-to-br from-emerald-600 to-emerald-800 rounded-xl p-6">
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<h4 class="font-bold text-lg mb-2">发射服务</h4>
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<p class="text-sm text-emerald-100">卫星互联网星座（GW/千帆）</p>
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</div>
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</div>
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</div>
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</div>
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<!-- 核心公司分析 -->
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<div class="grid md:grid-cols-2 lg:grid-cols-3 gap-6">
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<div class="card glass-card p-6 rounded-xl hover:scale-105 transition-transform duration-300">
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<div class="flex items-center justify-between mb-4">
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<h3 class="text-xl font-bold">斯瑞新材</h3>
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<div class="badge badge-primary">供应链</div>
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</div>
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<div class="mb-4">
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<div class="text-sm text-gray-400 mb-1">供应产品</div>
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<div class="font-semibold">发动机推力室内壁</div>
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</div>
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<div class="mb-4">
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<div class="text-sm text-gray-400 mb-1">技术壁垒</div>
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<div class="text-sm">高温合金材料垄断性</div>
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</div>
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<div class="flex justify-between items-center">
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<span class="text-emerald-400 font-semibold">收入弹性: 高</span>
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<span class="text-xs text-gray-400">单发200-300万</span>
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</div>
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</div>
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<div class="card glass-card p-6 rounded-xl hover:scale-105 transition-transform duration-300">
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<div class="flex items-center justify-between mb-4">
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<h3 class="text-xl font-bold">铂力特</h3>
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<div class="badge badge-primary">供应链</div>
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</div>
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<div class="mb-4">
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<div class="text-sm text-gray-400 mb-1">供应产品</div>
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<div class="font-semibold">金属3D打印部件</div>
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</div>
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<div class="mb-4">
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<div class="text-sm text-gray-400 mb-1">技术壁垒</div>
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<div class="text-sm">增材制造技术稀缺性</div>
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</div>
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<div class="flex justify-between items-center">
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<span class="text-amber-400 font-semibold">收入弹性: 中</span>
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<span class="text-xs text-gray-400">毛利率40%+</span>
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</div>
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</div>
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<div class="card glass-card p-6 rounded-xl hover:scale-105 transition-transform duration-300">
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<div class="flex items-center justify-between mb-4">
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<h3 class="text-xl font-bold">超捷股份</h3>
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<div class="badge badge-primary">供应链</div>
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</div>
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<div class="mb-4">
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<div class="text-sm text-gray-400 mb-1">供应产品</div>
|
||
<div class="font-semibold">一级尾段结构件</div>
|
||
</div>
|
||
<div class="mb-4">
|
||
<div class="text-sm text-gray-400 mb-1">技术壁垒</div>
|
||
<div class="text-sm">结构强度与减重平衡</div>
|
||
</div>
|
||
<div class="flex justify-between items-center">
|
||
<span class="text-emerald-400 font-semibold">收入弹性: 高</span>
|
||
<span class="text-xs text-gray-400">单发500-800万</span>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="card glass-card p-6 rounded-xl hover:scale-105 transition-transform duration-300">
|
||
<div class="flex items-center justify-between mb-4">
|
||
<h3 class="text-xl font-bold">高华科技</h3>
|
||
<div class="badge badge-primary">供应链</div>
|
||
</div>
|
||
<div class="mb-4">
|
||
<div class="text-sm text-gray-400 mb-1">供应产品</div>
|
||
<div class="font-semibold">高可靠性传感器</div>
|
||
</div>
|
||
<div class="mb-4">
|
||
<div class="text-sm text-gray-400 mb-1">技术壁垒</div>
|
||
<div class="text-sm">宇航级认证周期长</div>
|
||
</div>
|
||
<div class="flex justify-between items-center">
|
||
<span class="text-amber-400 font-semibold">收入弹性: 中</span>
|
||
<span class="text-xs text-gray-400">单发100-200万</span>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="card glass-card p-6 rounded-xl hover:scale-105 transition-transform duration-300">
|
||
<div class="flex items-center justify-between mb-4">
|
||
<h3 class="text-xl font-bold">金风科技</h3>
|
||
<div class="badge badge-secondary">参股</div>
|
||
</div>
|
||
<div class="mb-4">
|
||
<div class="text-sm text-gray-400 mb-1">持股比例</div>
|
||
<div class="font-semibold">4.9953%</div>
|
||
</div>
|
||
<div class="mb-4">
|
||
<div class="text-sm text-gray-400 mb-1">特点</div>
|
||
<div class="text-sm">纯财务投资，无业务协同</div>
|
||
</div>
|
||
<div class="flex justify-between items-center">
|
||
<span class="text-red-400 font-semibold">催化力度: 弱</span>
|
||
<span class="text-xs text-gray-400">上市退出周期长</span>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="card glass-card p-6 rounded-xl hover:scale-105 transition-transform duration-300">
|
||
<div class="flex items-center justify-between mb-4">
|
||
<h3 class="text-xl font-bold">深桑达A</h3>
|
||
<div class="badge badge-accent">项目承建</div>
|
||
</div>
|
||
<div class="mb-4">
|
||
<div class="text-sm text-gray-400 mb-1">承建项目</div>
|
||
<div class="font-semibold">可复用火箭产业园</div>
|
||
</div>
|
||
<div class="mb-4">
|
||
<div class="text-sm text-gray-400 mb-1">特点</div>
|
||
<div class="text-sm">基建订单毛利低，一次性收入</div>
|
||
</div>
|
||
<div class="flex justify-between items-center">
|
||
<span class="text-gray-400 font-semibold">持续性: 弱</span>
|
||
<span class="text-xs text-gray-400">毛利10-15%</span>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- 股票数据完整表格 -->
|
||
<section class="container mx-auto px-4 py-16">
|
||
<h2 class="text-3xl md:text-4xl font-bold orbitron text-center mb-12">相关上市公司全景</h2>
|
||
<div class="glass-card rounded-2xl overflow-hidden">
|
||
<div class="table-responsive">
|
||
<table class="table w-full">
|
||
<thead class="bg-gradient-to-r from-blue-600 to-purple-600">
|
||
<tr>
|
||
<th class="text-white font-bold">公司名称</th>
|
||
<th class="text-white font-bold">分类</th>
|
||
<th class="text-white font-bold">相关性描述</th>
|
||
<th class="text-white font-bold">信源</th>
|
||
<th class="text-white font-bold">逻辑强度</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr class="hover:bg-white hover:bg-opacity-5">
|
||
<td class="font-semibold">斯瑞新材</td>
|
||
<td><div class="badge badge-primary">供应链</div></td>
|
||
<td class="text-sm">为朱雀三号提供液体火箭发动机推力室内壁产品，2023年直接投资2000万元</td>
|
||
<td class="text-xs">互动/投资</td>
|
||
<td><div class="badge badge-success">高</div></td>
|
||
</tr>
|
||
<tr class="hover:bg-white hover:bg-opacity-5">
|
||
<td class="font-semibold">铂力特</td>
|
||
<td><div class="badge badge-primary">供应链</div></td>
|
||
<td class="text-sm">核心合作伙伴，金属3D打印技术帮助研制并批产多型零部件</td>
|
||
<td class="text-xs">官微</td>
|
||
<td><div class="badge badge-success">高</div></td>
|
||
</tr>
|
||
<tr class="hover:bg-white hover:bg-opacity-5">
|
||
<td class="font-semibold">超捷股份</td>
|
||
<td><div class="badge badge-primary">供应链</div></td>
|
||
<td class="text-sm">重要核心供应商，提供朱雀三号一级动力实验一级尾段</td>
|
||
<td class="text-xs">互动</td>
|
||
<td><div class="badge badge-success">高</div></td>
|
||
</tr>
|
||
<tr class="hover:bg-white hover:bg-opacity-5">
|
||
<td class="font-semibold">高华科技</td>
|
||
<td><div class="badge badge-primary">供应链</div></td>
|
||
<td class="text-sm">高可靠性传感器产品将应用于朱雀三号火箭</td>
|
||
<td class="text-xs">互动</td>
|
||
<td><div class="badge badge-success">高</div></td>
|
||
</tr>
|
||
<tr class="hover:bg-white hover:bg-opacity-5">
|
||
<td class="font-semibold">金风科技</td>
|
||
<td><div class="badge badge-secondary">参股</div></td>
|
||
<td class="text-sm">对蓝箭航天持股比例为4.9953%</td>
|
||
<td class="text-xs">互动</td>
|
||
<td><div class="badge badge-ghost">低</div></td>
|
||
</tr>
|
||
<tr class="hover:bg-white hover:bg-opacity-5">
|
||
<td class="font-semibold">鲁信创投</td>
|
||
<td><div class="badge badge-secondary">参股</div></td>
|
||
<td class="text-sm">通过3个投资主体合计持有蓝箭航天0.89%股权</td>
|
||
<td class="text-xs">互动</td>
|
||
<td><div class="badge badge-ghost">低</div></td>
|
||
</tr>
|
||
<tr class="hover:bg-white hover:bg-opacity-5">
|
||
<td class="font-semibold">张江高科</td>
|
||
<td><div class="badge badge-secondary">参股</div></td>
|
||
<td class="text-sm">通过张江燧锋基金投资蓝箭航天1.5亿元</td>
|
||
<td class="text-xs">互动</td>
|
||
<td><div class="badge badge-ghost">低</div></td>
|
||
</tr>
|
||
<tr class="hover:bg-white hover:bg-opacity-5">
|
||
<td class="font-semibold">航天科技</td>
|
||
<td><div class="badge badge-primary">供应链</div></td>
|
||
<td class="text-sm">深度进入蓝箭航天供应链，覆盖谷木雀等主力型号</td>
|
||
<td class="text-xs">调研</td>
|
||
<td><div class="badge badge-success">高</div></td>
|
||
</tr>
|
||
<tr class="hover:bg-white hover:bg-opacity-5">
|
||
<td class="font-semibold">深桑达A</td>
|
||
<td><div class="badge badge-accent">项目承建</div></td>
|
||
<td class="text-sm">2024年新承建蓝箭航天可复用火箭产业园项目</td>
|
||
<td class="text-xs">年报</td>
|
||
<td><div class="badge badge-warning">中</div></td>
|
||
</tr>
|
||
<tr class="hover:bg-white hover:bg-opacity-5">
|
||
<td class="font-semibold">豪能股份</td>
|
||
<td><div class="badge badge-primary">供应链</div></td>
|
||
<td class="text-sm">航天高端特种阀门、箭体结构件，已与蓝箭航天完成项目定点</td>
|
||
<td class="text-xs">互动</td>
|
||
<td><div class="badge badge-success">高</div></td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- 预期差分析 -->
|
||
<section class="container mx-auto px-4 py-16">
|
||
<h2 class="text-3xl md:text-4xl font-bold orbitron text-center mb-12">市场预期差分析</h2>
|
||
<div class="grid md:grid-cols-2 gap-8">
|
||
<div class="card glass-card p-8 rounded-2xl">
|
||
<h3 class="text-2xl font-bold mb-6 text-red-400">市场普遍认知</h3>
|
||
<ul class="space-y-4 text-gray-300">
|
||
<li class="flex items-start">
|
||
<svg class="w-6 h-6 text-red-500 mr-3 mt-0.5 flex-shrink-0" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M6 18L18 6M6 6l12 12"></path>
|
||
</svg>
|
||
<span>朱雀三号2025年11月首飞，成败在此一举</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<svg class="w-6 h-6 text-red-500 mr-3 mt-0.5 flex-shrink-0" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M6 18L18 6M6 6l12 12"></path>
|
||
</svg>
|
||
<span>不锈钢技术路线是创新优势</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<svg class="w-6 h-6 text-red-500 mr-3 mt-0.5 flex-shrink-0" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M6 18L18 6M6 6l12 12"></path>
|
||
</svg>
|
||
<span>成本对标猎鹰9号，竞争力强</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<svg class="w-6 h-6 text-red-500 mr-3 mt-0.5 flex-shrink-0" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M6 18L18 6M6 6l12 12"></path>
|
||
</svg>
|
||
<span>关联公司多为供应链受益者</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
|
||
<div class="card glass-card p-8 rounded-2xl">
|
||
<h3 class="text-2xl font-bold mb-6 text-emerald-400">路演揭示的潜在现实</h3>
|
||
<ul class="space-y-4 text-gray-300">
|
||
<li class="flex items-start">
|
||
<svg class="w-6 h-6 text-emerald-500 mr-3 mt-0.5 flex-shrink-0" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M5 13l4 4L19 7"></path>
|
||
</svg>
|
||
<span>时间存在模糊性，2025年三季度也可能首发</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<svg class="w-6 h-6 text-emerald-500 mr-3 mt-0.5 flex-shrink-0" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M5 13l4 4L19 7"></path>
|
||
</svg>
|
||
<span>不锈钢箭体需验证高空再入结构疲劳寿命，技术风险未充分定价</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<svg class="w-6 h-6 text-emerald-500 mr-3 mt-0.5 flex-shrink-0" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M5 13l4 4L19 7"></path>
|
||
</svg>
|
||
<span>当前朱雀二号成本约1.17万元/kg，成本下降非线性，商业化模型尚未跑通</span>
|
||
</li>
|
||
<li class="flex items-start">
|
||
<svg class="w-6 h-6 text-emerald-500 mr-3 mt-0.5 flex-shrink-0" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M5 13l4 4L19 7"></path>
|
||
</svg>
|
||
<span>发动机成本仅占整箭30%，上游供应商毛利空间可能有限</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- 风险与挑战 -->
|
||
<section class="container mx-auto px-4 py-16">
|
||
<h2 class="text-3xl md:text-4xl font-bold orbitron text-center mb-12">潜在风险与挑战</h2>
|
||
<div class="grid md:grid-cols-3 gap-6">
|
||
<div class="card bg-gradient-to-br from-red-900 to-red-700 bg-opacity-30 border border-red-500 rounded-2xl p-6">
|
||
<h3 class="text-xl font-bold mb-4 flex items-center">
|
||
<svg class="w-6 h-6 mr-2" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M12 9v2m0 4h.01m-6.938 4h13.856c1.54 0 2.502-1.667 1.732-3L13.732 4c-.77-1.333-2.694-1.333-3.464 0L3.34 16c-.77 1.333.192 3 1.732 3z"></path>
|
||
</svg>
|
||
技术风险
|
||
</h3>
|
||
<ul class="space-y-2 text-sm text-gray-200">
|
||
<li>• 不锈钢箭体热防护能力待验证</li>
|
||
<li>• 九机并联可靠性存在不确定性</li>
|
||
<li>• 回收精准度与落区安全管控</li>
|
||
</ul>
|
||
</div>
|
||
|
||
<div class="card bg-gradient-to-br from-amber-900 to-amber-700 bg-opacity-30 border border-amber-500 rounded-2xl p-6">
|
||
<h3 class="text-xl font-bold mb-4 flex items-center">
|
||
<svg class="w-6 h-6 mr-2" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M13 17h8m0 0V9m0 8l-8-8-4 4-6-6"></path>
|
||
</svg>
|
||
商业化风险
|
||
</h3>
|
||
<ul class="space-y-2 text-sm text-gray-200">
|
||
<li>• 成本模型脆弱，与SpaceX竞争激烈</li>
|
||
<li>• 发射频率受工位资源限制</li>
|
||
<li>• 发射保险费率较高影响盈利</li>
|
||
</ul>
|
||
</div>
|
||
|
||
<div class="card bg-gradient-to-br from-purple-900 to-purple-700 bg-opacity-30 border border-purple-500 rounded-2xl p-6">
|
||
<h3 class="text-xl font-bold mb-4 flex items-center">
|
||
<svg class="w-6 h-6 mr-2" fill="none" stroke="currentColor" viewBox="0 0 24 24">
|
||
<path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M8.228 9c.549-1.165 2.03-2 3.772-2 2.21 0 4 1.343 4 3 0 1.4-1.278 2.575-3.006 2.907-.542.104-.994.54-.994 1.093m0 3h.01M21 12a9 9 0 11-18 0 9 9 0 0118 0z"></path>
|
||
</svg>
|
||
政策与竞争风险
|
||
</h3>
|
||
<ul class="space-y-2 text-sm text-gray-200">
|
||
<li>• 技术同质化与价格内卷化</li>
|
||
<li>• 发射许可审批周期长</li>
|
||
<li>• 数据安全审查风险</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- 投资建议 -->
|
||
<section class="container mx-auto px-4 py-16">
|
||
<div class="glass-card rounded-2xl p-8 md:p-12">
|
||
<h2 class="text-3xl md:text-4xl font-bold orbitron text-center mb-8">综合投资结论</h2>
|
||
<div class="text-center mb-8">
|
||
<div class="badge badge-lg badge-primary mb-4">概念阶段：技术验证→商业化启动过渡期</div>
|
||
<p class="text-lg text-gray-300 max-w-4xl mx-auto">
|
||
朱雀三号概念已从纯主题投资进入"技术验证驱动+订单预期驱动"阶段。2025年11月首飞是从0到1的质变节点，但商业化从1到N仍需2-3年。
|
||
</p>
|
||
</div>
|
||
|
||
<div class="grid md:grid-cols-2 gap-8">
|
||
<div>
|
||
<h3 class="text-2xl font-bold mb-6 text-emerald-400">最具投资价值方向</h3>
|
||
<div class="space-y-4">
|
||
<div class="card bg-black bg-opacity-30 rounded-xl p-4">
|
||
<div class="flex items-center justify-between">
|
||
<span class="font-semibold">斯瑞新材</span>
|
||
<span class="badge badge-success">胜率>赔率</span>
|
||
</div>
|
||
<p class="text-sm text-gray-300 mt-2">发动机推力室内壁材料垄断，无论朱雀成败，液氧甲烷路线已定，需求刚性</p>
|
||
</div>
|
||
<div class="card bg-black bg-opacity-30 rounded-xl p-4">
|
||
<div class="flex items-center justify-between">
|
||
<span class="font-semibold">铂力特</span>
|
||
<span class="badge badge-success">胜率>赔率</span>
|
||
</div>
|
||
<p class="text-sm text-gray-300 mt-2">金属3D打印技术稀缺，在商业航天小批量模式下毛利率稳定</p>
|
||
</div>
|
||
<div class="card bg-black bg-opacity-30 rounded-xl p-4">
|
||
<div class="flex items-center justify-between">
|
||
<span class="font-semibold">高华科技</span>
|
||
<span class="badge badge-warning">赔率>胜率</span>
|
||
</div>
|
||
<p class="text-sm text-gray-300 mt-2">高可靠性传感器，首飞成功后将批量应用，星座组网需百发量级，弹性巨大</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-2xl font-bold mb-6 text-red-400">建议回避方向</h3>
|
||
<div class="space-y-4">
|
||
<div class="card bg-black bg-opacity-30 rounded-xl p-4">
|
||
<div class="flex items-center justify-between">
|
||
<span class="font-semibold">金风科技/鲁信创投</span>
|
||
<span class="badge badge-ghost">纯参股</span>
|
||
</div>
|
||
<p class="text-sm text-gray-300 mt-2">持股比例低且无业务协同，股价与蓝箭业绩脱钩，仅IPO退出时一次性收益</p>
|
||
</div>
|
||
</div>
|
||
|
||
<h3 class="text-2xl font-bold mb-6 mt-8 text-cyan-400">关键跟踪指标</h3>
|
||
<ul class="space-y-2 text-sm text-gray-300">
|
||
<li class="flex justify-between">
|
||
<span>首飞入轨精度</span>
|
||
<span class="text-cyan-400">CEP>500米预警</span>
|
||
</li>
|
||
<li class="flex justify-between">
|
||
<span>新签合同金额</span>
|
||
<span class="text-cyan-400"><5亿元/年预警</span>
|
||
</li>
|
||
<li class="flex justify-between">
|
||
<span>整箭制造成本</span>
|
||
<span class="text-cyan-400">>4亿元/发预警</span>
|
||
</li>
|
||
<li class="flex justify-between">
|
||
<span>竞品首飞时间差</span>
|
||
<span class="text-cyan-400"><3个月预警</span>
|
||
</li>
|
||
</ul>
|
||
</div>
|
||
</div>
|
||
|
||
<div class="mt-10 p-6 bg-gradient-to-r from-blue-600 to-purple-600 rounded-xl text-center">
|
||
<h3 class="text-xl font-bold mb-2">战术建议</h3>
|
||
<p class="text-lg font-medium">
|
||
当前至首飞前采取"逢调整加仓上游材料，首飞前一周减仓兑现"。若实现入轨+软着陆，将开启至少2年的基本面主升浪；若仅入轨成功，短期利好出尽但长期趋势不改；若失利，则全线规避等待6个月。
|
||
</p>
|
||
</div>
|
||
</div>
|
||
</section>
|
||
|
||
<!-- 页脚 -->
|
||
<footer class="py-12 border-t border-gray-800">
|
||
<div class="container mx-auto px-4 text-center">
|
||
<p class="text-gray-400 mb-4">投资有风险，决策需谨慎</p>
|
||
<p class="text-sm text-gray-500">数据源于公开市场及调研信息，仅供参考</p>
|
||
</div>
|
||
</footer>
|
||
</body>
|
||
</html>
|