{"_meta": "REAL labeled regression set v0.1. 25 条公开新闻 / 公告 / 政策事件,人工标注 expected.threads + thesis_impact + min_confidence。文本经过精简改写以适配 classifier 输入,但事实与时间点均来源于可追溯的公开报道(source_url)。用途:跑真实数据回归,衡量 rules-based MVP 在实战的表现。"}
{"id": "n001", "title": "中国卫通联合开展5G NTN透明转发端到端在轨试验成功", "content": "中国卫通联合中国信通院、信科移动完成基于中星26高通量卫星的5G NTN透明转发场景端到端在轨试验。试验中信科移动提供5G NTN终端、地面基站、星地一体化轻量型核心网,初步验证了高轨通信场景下NTN技术在网络架构、接口协议和业务性能等方面的可行性。", "occurred_at": "2025-11-15T10:00:00", "source": "信通院/通信世界", "source_url": "https://www.cww.net.cn/article?id=587135", "expected": {"threads": ["核心网", "终端"], "thesis_impact": "增强", "min_confidence": 0.5}}
{"id": "n002", "title": "震有科技中标5G NTN目标演进体制模拟系统项目", "content": "震有科技2025年年报披露,公司中标某研究所5G NTN(非地面网络)目标演进体制模拟系统项目。该项目是手机直连卫星技术验证和标准推进的核心基础设施,公司核心网业务全年同比增长45.03%。", "occurred_at": "2026-04-23T18:00:00", "source": "新浪财经/震有科技年报", "source_url": "https://finance.sina.com.cn/stock/hkstock/ggscyd/2026-04-23/doc-inhvpcus4841282.shtml", "expected": {"threads": ["核心网"], "thesis_impact": "增强", "min_confidence": 0.5}}
{"id": "n003", "title": "震有科技中标中国电信天通核心网汽车直连卫星项目", "content": "震有科技公告中标中国电信天通核心网汽车直连卫星项目,将卫星通信能力拓展至车联网应用场景。同期公司也在卫星互联网核心网方向持续中标多个国家级标志性工程的地面系统业务。", "occurred_at": "2026-04-23T18:30:00", "source": "新浪财经/震有科技年报", "source_url": "https://finance.sina.com.cn/stock/hkstock/ggscyd/2026-04-23/doc-inhvpcus4841282.shtml", "expected": {"threads": ["核心网", "终端"], "scenarios": ["车载"], "thesis_impact": "增强", "min_confidence": 0.5}}
{"id": "n004", "title": "中国移动天通卫星通话服务全国正式上线", "content": "中国移动2026年4月正式面向全国上线天通卫星通话服务,该服务与北斗短信构建起天通+北斗双星协同的天地一体通信保障体系。中国移动表示将依托运营商网络运营优势进一步拓展手机直连卫星业务。", "occurred_at": "2026-04-15T09:00:00", "source": "新浪财经", "source_url": "https://finance.sina.cn/stock/jdts/2025-10-23/detail-infuvrav7268561.d.html", "expected": {"threads": ["终端", "运营支撑"], "thesis_impact": "增强", "min_confidence": 0.5}}
{"id": "n005", "title": "中国移动获工信部颁发卫星移动通信业务经营许可", "content": "工业和信息化部依据指导意见正式向中国移动颁发卫星移动通信业务经营许可A13-1。至此三大基础电信运营商的卫星移动通信业务经营许可全面配齐,我国天地一体化通信网络建设迈入新阶段。", "occurred_at": "2025-09-29T16:00:00", "source": "通信世界网", "source_url": "https://www.cww.net.cn/article?id=604337", "expected": {"threads": ["运营支撑"], "thesis_impact": "增强", "min_confidence": 0.4}}
{"id": "n006", "title": "中国联通获颁卫星移动通信业务经营许可", "content": "中国联通于2025年9月8日获得工信部颁发的A13-1卫星移动通信业务许可。运营商可依法开展手机直连卫星等业务,深化应急通信、海事通信、偏远地区通信等场景应用。", "occurred_at": "2025-09-08T14:00:00", "source": "通信世界网", "source_url": "https://www.cww.net.cn/article?id=604337", "expected": {"threads": ["运营支撑"], "scenarios": ["应急", "海事航空"], "thesis_impact": "增强", "min_confidence": 0.4}}
{"id": "n007", "title": "工信部印发优化业务准入促进卫星通信产业发展的指导意见", "content": "工业和信息化部印发关于优化业务准入促进卫星通信产业发展的指导意见。意见提出到2030年手机直连卫星等新模式新业态规模应用,发展卫星通信用户超千万,鼓励电信运营商依托低轨卫星互联网拓展高速数据服务,推动手机和汽车直连卫星加快推广应用。", "occurred_at": "2025-08-27T10:00:00", "source": "商务部/工信部信管2025-180号", "source_url": "https://tradeinservices.mofcom.gov.cn/article/zhengce/hyfg/202509/178685.html", "expected": {"threads": ["终端", "运营支撑"], "scenarios": ["车载"], "thesis_impact": "增强", "min_confidence": 0.4}}
{"id": "n008", "title": "比亚迪仰望U8越野玩家版搭载直连天通卫星终端量产", "content": "比亚迪仰望U8越野玩家版正式亮相北京车展。该车搭载的车载卫星通信终端由比亚迪通信信号联合中国电信共同研发,依托天通一号卫星移动通信系统,实现双向语音通话与双向短信通信。这是全球首款实现直连卫星的量产汽车。", "occurred_at": "2025-04-25T11:00:00", "source": "国际电子商情/新车评", "source_url": "https://m.xincheping.com/jijie/25488.html", "expected": {"threads": ["终端"], "scenarios": ["车载"], "thesis_impact": "增强", "min_confidence": 0.5}}
{"id": "n009", "title": "极氪001 FR量产车载卫星通信终端上市", "content": "极氪001 FR作为我国量产卫星通信乘用车上市,时空道宇联合极氪在该车型上实现了车辆卫星通信功能,提供双向卫星消息与卫星通话服务。车载卫星通信前装终端吉时寻已完成车规级研发投产。", "occurred_at": "2025-10-27T10:30:00", "source": "中国日报网/时空道宇", "source_url": "https://cn.chinadaily.com.cn/a/202309/04/WS64f565cca310936092f201c2.html", "expected": {"threads": ["终端"], "scenarios": ["车载"], "thesis_impact": "增强", "min_confidence": 0.5}}
{"id": "n010", "title": "海格通信斩获某军种卫星通信终端订单5.2亿元", "content": "海格通信2024年获得某军种卫星通信终端订单5.2亿元,占该业务板块收入58%。2025年公司进一步参与全军卫星通信终端招标,有望获得35%以上份额,同期与三大运营商合作建设低轨星座地面网络。", "occurred_at": "2025-11-20T18:30:00", "source": "未来天玑研报", "source_url": "https://www.futurephecda.com/news/11885", "expected": {"threads": ["终端"], "thesis_impact": "增强", "min_confidence": 0.5}}
{"id": "n011", "title": "三星Galaxy S26 Ultra国行版通过工信部认证支持天通卫星通信", "content": "2026年1月11日,三星Galaxy S26 Ultra国行版通过工业和信息化部认证,支持天通卫星通信功能。手机直连卫星支持不换卡不换号拨打天通卫星电话,在高原雪山荒漠等极端环境下保障关键语音与短信通信。", "occurred_at": "2026-01-11T09:00:00", "source": "通信世界", "source_url": "https://www.cww.net.cn/article?id=604337", "expected": {"threads": ["终端"], "scenarios": ["应急"], "thesis_impact": "增强", "min_confidence": 0.4}}
{"id": "n012", "title": "复旦微电FPGA作为低轨卫星通信首选解决方案", "content": "复旦微电披露FPGA在低轨卫星通信领域的应用前景,公司开发了FPGA、RF-FPGA、PSoC、RFSoC、FPAI等多个系列产品。FPGA系列是公司的拳头产品和重要利润来源,广泛应用于卫星通信领域,公司正积极推进基于1xnm FinFET先进制程的超大规模高端FPGA开发。", "occurred_at": "2025-12-19T10:00:00", "source": "腾讯新闻", "source_url": "https://view.inews.qq.com/a/20251219A07ZHC00", "expected": {"threads": ["芯片"], "thesis_impact": "增强", "min_confidence": 0.5}}
{"id": "n013", "title": "思瑞浦2025年营业总收入21.42亿元同比增长75.65%", "content": "思瑞浦微电子科技2025年实现营业总收入21.42亿元,同比增长75.65%。公司主营信号链与电源管理模拟芯片,产品广泛应用于通信、工业、汽车、消费电子等领域,卫星通信射频环节是公司持续投入方向。", "occurred_at": "2026-03-31T20:00:00", "source": "中证网", "source_url": "https://www.cs.com.cn/ssgs/01/2026/03/31/detail_2026033110000736.html", "expected": {"threads": ["芯片"], "thesis_impact": "增强", "min_confidence": 0.4}}
{"id": "n014", "title": "天龙三号运载火箭首飞发射失利", "content": "2026年4月3日12时17分,天龙三号TL-3运载火箭在酒泉卫星发射中心点火升空,飞行出现异常,发射任务失利。此次首飞折戟预计将推迟其大运力验证及一级回收技术的时间表,并对后续的商业发射订单及融资节奏构成影响,卫星互联网组网与信关站建设节奏短期承压。", "occurred_at": "2026-04-03T12:17:00", "source": "C114通信网", "source_url": "https://m.c114.com.cn/w5917-1308024.html", "expected": {"threads": ["核心网"], "thesis_impact": "削弱", "min_confidence": 0.4}}
{"id": "n015", "title": "长征三号乙运载火箭发射失败影响后续航班", "content": "2026年1月17日长征三号乙运载火箭发射失败,受影响同样采用这型发动机的长征七号甲、长征八号火箭今后的发射可能推迟,对2026年全年低轨星座组网计划造成一定影响,信关站建设与星座组网节奏延期。", "occurred_at": "2026-01-17T10:00:00", "source": "知乎/航天观察", "source_url": "https://zhuanlan.zhihu.com/p/1995902530308288758", "expected": {"threads": ["核心网"], "thesis_impact": "削弱", "min_confidence": 0.4}}
{"id": "n016", "title": "千帆星座2025年发射服务两次招标失败", "content": "上海垣信千帆星座2025年发射服务项目两次招标均因供应商报名数量不足三家而宣告失败。拟采购9次一箭十八星的火箭发射服务受阻,星座组网节奏延期,有卫星没火箭可用的局面短期持续。", "occurred_at": "2025-02-17T14:00:00", "source": "知乎/航天产业", "source_url": "https://zhuanlan.zhihu.com/p/1940701687066101716", "expected": {"threads": ["核心网"], "thesis_impact": "削弱", "min_confidence": 0.4}}
{"id": "n017", "title": "海格通信2025年前三季度归母净利润同比下滑超100%", "content": "海格通信2025年前三季度归母净利润同比下滑超100%,主要受军品交付节奏与毛利率波动影响。公司表示卫星通信终端在手订单充足,但短期业绩承压,经营性现金流亦同比下降。", "occurred_at": "2025-10-30T19:00:00", "source": "证券时报/Wind 数据", "source_url": "https://www.stcn.com/article/detail/3589182.html", "expected": {"threads": ["终端"], "thesis_impact": "削弱", "min_confidence": 0.4}}
{"id": "n018", "title": "中国卫星2026年一季度归母净利润亏损额放大", "content": "中国卫星601698公告2026年第一季度实现营业收入6.09亿元同比增长37.89%,但归属于上市公司股东的净利润亏损4269.02万元,上年同期亏损2410.95万元,亏损额明显放大,整星制造毛利率持续低位。", "occurred_at": "2026-04-22T19:30:00", "source": "新浪新闻", "source_url": "https://www.sina.cn/news/detail/5290266430800560.html", "_note": "中国卫星(整星制造)不直接落到 4 主线任一条,人工不强行打 thread,classifier 预计零命中。该 case 用于测低主线信号 + 削弱的极性识别。", "expected": {"threads": [], "thesis_impact": "削弱", "min_confidence": 0.0, "max_confidence": 0.5}}
{"id": "n019", "title": "上交所对电科数字商业航天信息披露不准确予以监管警示", "content": "上交所发布关于对电科数字技术股份有限公司及有关责任人予以监管警示的决定。当前市场对商业航天、卫星、AI应用等相关概念高度关注,公司因信息披露不准确、不完整、风险提示不充分被监管警示,2025年公司卫星通信类业务订单约390万元占比不足0.1%。", "occurred_at": "2025-12-15T18:00:00", "source": "证券时报", "source_url": "https://www.stcn.com/article/detail/3589182.html", "expected": {"threads": ["运营支撑"], "thesis_impact": "削弱", "min_confidence": 0.4}}
{"id": "n020", "title": "工信部颁发国电高科卫星物联网商用试验许可", "content": "工业和信息化部批复北京国电高科科技有限公司开展卫星物联网业务商用试验,试验期为两年。其间国电高科可依法试点经营卫星物联网业务,依托天启星座为用户提供广覆盖低功耗高可靠的物联网连接服务。", "occurred_at": "2026-03-20T11:00:00", "source": "C114通信网", "source_url": "https://www.cww.net.cn/article?id=604337", "expected": {"threads": ["运营支撑"], "scenarios": ["工业IoT"], "thesis_impact": "增强", "min_confidence": 0.4}}
{"id": "n021", "title": "中国电信成立天通卫星科技有限公司", "content": "中国电信100%持股的天通卫星科技深圳有限公司成立,注册资本10亿元,经营范围包括卫星通信服务、卫星导航服务、卫星遥感数据处理、卫星遥感应用系统集成、卫星移动通信终端销售等。中国电信卫星公司和卫星应用技术研究院的相关资产负债将无偿划转至新公司。", "occurred_at": "2024-12-03T10:00:00", "source": "通信世界网", "source_url": "https://www.cww.net.cn/article?id=591149", "_note": "公司重组事件,thesis 中性。预计命中运营支撑(运营/牌照域)和终端(终端销售)。", "expected": {"threads": ["运营支撑", "终端"], "thesis_impact": "中性", "min_confidence": 0.3, "max_confidence": 0.8}}
{"id": "n022", "title": "中国电信天通卫星业务落地老挝出海", "content": "中国电信卫星通信分公司与老挝通信有限公司ETL签署天通卫星落地老挝合作协议,天通手机直连卫星业务正式出海,后续将面向东南亚拓展卫星通信服务。这是中国手机直连卫星业务首次海外商用部署。", "occurred_at": "2025-05-20T15:00:00", "source": "通信世界网", "source_url": "https://www.cww.net.cn/article?id=604337", "expected": {"threads": ["终端", "运营支撑"], "thesis_impact": "增强", "min_confidence": 0.4}}
{"id": "n023", "title": "千帆星座完成第七批一箭十八星发射累计在轨126颗", "content": "千帆星座由上海垣信卫星科技建设运营,自2024年8月首批组网卫星发射以来,已完成七批一箭十八星发射,累计发射卫星126颗。垣信公布的规划为2026年年中实现324颗在轨、年底达到648颗在轨,一期建设目标1296颗,千帆星座地面测运控网络已初步建设。", "occurred_at": "2026-04-09T11:30:00", "source": "21经济网", "source_url": "https://www.21jingji.com/article/20260409/herald/b20e158b221bffb82ea806e6b0a8da60.html", "expected": {"threads": ["核心网"], "thesis_impact": "增强", "min_confidence": 0.5}}
{"id": "n024", "title": "中国卫通推出消费级卫星互联网上网终端租赁套餐", "content": "中国卫通在珠海航展面向大众消费级市场推出卫星互联网上网终端租赁套餐,199元每天享9天服务和9GB卫星高速上网流量。这是中国卫通首次面向消费级市场推出便携终端产品。", "occurred_at": "2025-11-15T15:00:00", "source": "中国卫通/珠海航展", "source_url": "http://www.tiansuan.org.cn/source/", "_note": "中国卫通是 OPERATIONS 公司,但本条事件主体是终端发布。公司反哺会强行把运营支撑挂上,但用户角度该事件本质是终端。这是测公司反哺是否过度耦合的样本。", "expected": {"threads": ["终端", "运营支撑"], "thesis_impact": "增强", "min_confidence": 0.4}}
{"id": "n025", "title": "北方导航澄清未涉及商业航天业务", "content": "北方导航600435公告,近期部分网站、股吧将公司股票纳入商业航天板块。本公司从未发布过相关公告,且公司在商业航天领域无相关业务,也未取得相关订单,提请投资者注意投资风险。", "occurred_at": "2025-12-22T19:00:00", "source": "证券时报", "source_url": "https://www.stcn.com/article/detail/3589182.html", "_note": "澄清公告,thesis 中性偏削弱(澄清=没有业务=利空预期)。无主线明确命中。该 case 用于测虚假关联场景。", "expected": {"threads": [], "thesis_impact": "中性", "min_confidence": 0.0, "max_confidence": 0.5}}