在当前 AI 技术深度赋能投研的背景下，在这篇报告中，我们依托 DeepSeek 构建了覆盖投研全流程的智能解决方案： 从信息获取、自动化办公、工作助手等多个角度，全面提升投研效率。

中债：货币宽松预期强烈，10年国债开始提前定价2025年的降息。假设2025年央行再调降OMO政策利率 30bp-50bp，预计10年国债利率的波动下限在1.2%-1.5%。  A股：预计2025年四季度盈利增速企稳，乐观情形下或提前至三季度，届时A股“市场底”或先于“盈利底” 出现。关税的不确定性可能阶段性冲击市场风险偏好，但政策应对是股票市场的重要关切。  美债：特朗普当选后，中长端美债利率上行，市场先后交易“再通胀”和“紧缩”。全年来看，美联储在今 年下半年仍有望兑现1-2次降息，驱动10年美债利率下行。

2025 年 1 月，我国数字经济指数环比上升 0.8%，录得 387。本月数字经济指数的上升主要由于融合指数的上升， 产业指数、溢出指数、融合指数和基础指数分别对总指数贡献 -0.07%、0.52%、1.18%、-0.84%。

CPI连续12个月同比为正，24年农产品贸易逆差降17%。1月我国CPI同比+0.5%，连续12个月同比为正，其中食品中猪肉同比+13.8%。1月CPI 环比+0.7%，其中食品项环比+1.3%，食品中猪肉环比+1%。24 年1-12月我国农产品累计进口金额2151.55亿美元，同比-8.09%,累计出口金额为1030.05 亿美元，同比+4.1%，贸易逆差1121.5亿美元，同比-17.03%。

When a medical emergency arises, an air ambulance is a specially equipped helicopter or aircraft that is used to carry sick or injured patients over distances or terrain that would be too difficult for a traditional ground ambulance to travel.

The global aggregates market refers to the overall demand, supply, and trade of construction and industrial raw materials commonly known as aggregates. Aggregates, in this context, include sand, gravel, crushed stone, and other materials that are used in various construction and infrastructure projects. These materials are primarily used in the construction industry for applications such as concrete production, road construction, civil engineering, and building construction. Aggregates are also widely used in the manufacturing industry, especially in the production of glass and ceramics. The market encompasses both the production and consumption of aggregates on a global scale. The production side includes companies involved in mining, quarrying, and processing of aggregates, while the consumption side includes sectors such as residential and non-residential construction, infrastructure development, and industrial manufacturing.

Adtech is a set of technologies or platforms that are used by publishers or business organizations for managing advertising across channels, including search, display, video, mobile and social, with capabilities for digital advertising targeting, design, bid management, analytics, optimization, and automation. The platform helps business organizations or agencies/publishers buy ad space.

Acrylonitrile is a colorless, volatile organic compound with a pungent smell. The highly flammable liquid is manufactured by the reaction of ammonia, propylene, and air in the presence of a catalyst, which contains a complex of catalytic oxides comprising bismuth, potassium, chromium, cobalt, cesium, cerium, nickel, iron, and molybdenum. The yellow color of acrylonitrile indicates the presence of impurities, and it needs to be purified before being used in chemical manufacturing.

The nuclear energy market includes the generation of electricity through the use of nuclear reactions. The market volume is calculated based on the amount of electricity produced by nuclear power plants, while the market value is determined by multiplying the amount of electricity produced with the wholesale price for electricity generation. All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.

The drone market (known as unmanned aerial vehicle (UAV)) consists of the revenue from the sales of drones. The market is segmented into two major categories: commercial and consumer drones. However, military drones are not included in our market scope. Commercial drones are unmanned aerial vehicles primarily used for business purposes. These drones are versatile and can perform a diverse range of tasks, including but not limited to surveying land, inspecting infrastructure, delivering packages, and capturing aerial footage for movies and TV shows.