1月16日，中船防务盘中下跌2.01%，截至11:19，报31.14元/股，成交3.12亿元，换手率1.21%，总市值 440.17亿元。 资金流向方面，主力资金净流出2408.51万元，特大单买入1387.91万元，占比4.45%，卖出2492.06万 元，占比8.00%；大单买入5977.56万元，占比19.18%，卖出7281.92万元，占比23.37%。 中船防务今年以来股价涨9.46%，近5个交易日跌0.48%，近20日涨13.61%，近60日涨19.04%。 中船防务所属申万行业为：国防军工-航海装备Ⅱ-航海装备Ⅲ。所属概念板块包括：预盈预增、工业互 联网、国资改革、债转股、海上风电等。 截至9月30日，中船防务股东户数7.59万，较上期减少3.14%；人均流通股0股，较上期增加0.00%。2025 年1月-9月，中船防务实现营业收入143.15亿元，同比增长12.83%；归母净利润6.55亿元，同比增长 249.84%。 分红方面，中船防务A股上市后累计派现17.63亿元。近三年，累计派现2.59亿元。 机构持仓方面，截止2025年9月30日，中船防务十大流通股东中，富国中证军工龙头ETF（51 ...

证券日报网讯1月15日，中船防务（600685）在互动平台回答投资者提问时表示，公司股价受市场等多 方面因素影响，目前公司生产经营一切正常，不存在应披露未披露的风险。 ...

Core Viewpoint - China Shipbuilding Industry Corporation (CSIC) subsidiary China Shipbuilding Defense Equipment Co., Ltd. (stock code: 600685) has announced a significant increase in expected net profit for 2025, projecting a rise of 149.61% to 196.88% year-on-year [3][6]. Financial Performance - The company anticipates a net profit attributable to shareholders of between 940 million yuan and 1.12 billion yuan for 2025 [3][6]. - The expected net profit after deducting non-recurring items is projected to be between 850 million yuan and 1.02 billion yuan, reflecting a year-on-year growth of 153.27% to 203.93% [3][6]. Growth Drivers - The growth in performance is attributed to two main drivers: 1. Steady improvement in ship product revenue and production efficiency, leading to enhanced gross margins [3][6]. 2. Significant improvement in the operating performance of joint ventures, with increased dividend income from associated companies contributing to a substantial rise in investment income [3][6]. Company Background - China Shipbuilding Defense Equipment Co., Ltd. is a major shipbuilding enterprise under the China Shipbuilding Group, listed in both Shanghai and Hong Kong since 1993, and is the first A+H share listed shipbuilding company in China [4][7]. - The company has integrated high-quality shipbuilding assets in South China through acquisitions in 2014 and 2015, becoming a comprehensive marine and defense equipment enterprise encompassing four major categories: marine defense equipment, marine transportation equipment, marine development equipment, and marine scientific research equipment [4][7].

Core Viewpoint - China Shipbuilding Industry Corporation (CSIC) subsidiary, China Shipbuilding Ocean and Defense Equipment Co., Ltd. (referred to as "China Shipbuilding Defense"), expects a significant increase in net profit for 2025, driven by improved product revenue and operational efficiency, as well as better performance from joint ventures and increased investment income [3][8]. Financial Performance - China Shipbuilding Defense anticipates a net profit attributable to shareholders of between 940 million yuan and 1.12 billion yuan for 2025, representing a year-on-year increase of 149.61% to 196.88% [3][8]. - The company's net profit after deducting non-recurring items is expected to be between 850 million yuan and 1.02 billion yuan, with a year-on-year growth of 153.27% to 203.93% [3][8]. Growth Drivers - The growth in performance is attributed to two main drivers: 1. Steady improvement in ship product revenue and production efficiency, leading to better gross margins [3][8]. 2. Significant improvement in the performance of joint ventures, with increased dividend income from associated companies contributing to a substantial rise in investment income [3][8]. Company Background - China Shipbuilding Defense is a major shipbuilding enterprise under the China Shipbuilding Group, originally established as Guangzhou Shipyard International Co., Ltd. It operates two main shipyards: Guangzhou Shipyard International and Huangpu Wenchong [3][8]. - The company was listed in both Shanghai and Hong Kong in 1993, becoming the first shipbuilding enterprise in China to achieve A+H share listing [3][8]. - In 2014 and 2015, China Shipbuilding Defense acquired two shipbuilding companies, completing the integration of high-quality shipbuilding assets in South China and enabling the listing of core domestic assets [3][8]. Technological Capabilities - The company possesses 11 provincial and national-level technology innovation platforms, including a national enterprise technology center and a post-doctoral research station, making it one of the most capable ship product development and design centers in South China [4][9]. - It is recognized as the first military-civilian integrated technology innovation demonstration base in Guangdong Province, holding core technologies and intellectual property rights in high-tech, high-value-added products such as feeder container ships, public service vessels, research vessels, and wind power installation platforms [4][9].

中船防务（600685）(00317)盘中涨超4%，截至发稿，涨2.72%，报15.46港元，成交额6886.16万港元。 消息面上，1月9日晚，中船防务发布公告，预计2025年年度实现归属于母公司所有者的净利润人民币 9.4亿元到11.2亿元，同比增加149.61%到196.88%。预计2025年年度实现归属于母公司所有者的扣除非 经常性损益的净利润人民币8.5亿元到10.2亿元，同比增加153.27%到203.93%。 报告期内，公司经营业绩稳步增长，主要是船舶产品收入及生产效率有所提升，产品毛利同比改善；以 及联营企业经营业绩显著提升，参股公司分红金额增加，公司相应确认投资收益同比大幅增加。 ...

消息面上，1月9日晚，中船防务发布公告，预计2025年年度实现归属于母公司所有者的净利润人民币 9.4亿元到11.2亿元，同比增加149.61%到196.88%。预计2025年年度实现归属于母公司所有者的扣除非 经常性损益的净利润人民币8.5亿元到10.2亿元，同比增加153.27%到203.93%。 智通财经APP获悉，中船防务(00317)盘中涨超4%，截至发稿，涨2.72%，报15.46港元，成交额6886.16 万港元。 报告期内，公司经营业绩稳步增长，主要是船舶产品收入及生产效率有所提升，产品毛利同比改善；以 及联营企业经营业绩显著提升，参股公司分红金额增加，公司相应确认投资收益同比大幅增加。 ...

Core Viewpoint - The company, China Shipbuilding Defense (中船防务), is expected to see significant growth in its financial performance for 2025, driven by increased shipbuilding orders and improved operational efficiency [1][2]. Financial Performance - The company anticipates a net profit attributable to shareholders of 940 million to 1.12 billion yuan for 2025, representing a year-on-year increase of 149.61% to 196.88% [1][2]. - The expected net profit excluding non-recurring items is projected to be between 850 million and 1.02 billion yuan, reflecting a growth of 153.27% to 203.93% compared to the previous year [1][2]. - For the first three quarters of 2025, the company reported revenue of 14.315 billion yuan, a year-on-year increase of 12.83%, and a net profit of 655 million yuan, up 249.84% [3]. Business Operations - The company has achieved a revenue of 19.402 billion yuan in 2024, exceeding its annual target by 10.24% [2]. - The company plans to achieve a revenue target of 20 billion yuan for 2025 and aims to secure contracts worth 17.45 billion yuan [2]. Market Trends - The global new ship order volume is accelerating, with a notable increase in demand for container ships and bulk carriers [4]. - The company has reported a significant increase in new orders, with a total of 15.498 billion yuan in new contracts for the first half of 2025, marking a 64.6% year-on-year growth [5]. - As of mid-2025, the company holds a total contract value of approximately 68 billion yuan in hand, including 65 billion yuan in shipbuilding orders [5]. Research and Development - The company has been investing in research and development, with expenses reaching 766 million yuan in the first three quarters of 2025, a year-on-year increase of 10.30% [9]. - The company has successfully built advanced marine scientific research equipment, including the first domestically designed and constructed oceanographic research vessel, "Tongji" [8]. Dividend Policy - Since its listing, the company has distributed dividends 23 times, totaling 1.763 billion yuan, with a consistent mid-term dividend policy for the past two years [9].

Major Events - CATL (03750) plans to issue an additional 34.8584 million shares [1] - MINIMAX-WP (00100) fully exercised its over-allotment option involving a total of 4.3796 million shares [1] - MIRXES-B (02629) established a strategic partnership with N Health, and its HELICORapid and FITRapid home testing kits received regulatory approval [1] - LFG Investment Holdings (03938) was acquired by Chen Shaoyang, who purchased approximately 61.43% of shares at a discount of about 59.46% through a cash offer, with resumption of trading on January 12 [1] - Xiansheng Pharmaceutical (02096) plans to spin off its H-shares for independent listing on the main board of the Hong Kong Stock Exchange [1] - OmniVision Technologies (00501) saw its public offering in Hong Kong oversubscribed by 9.28 times, with a share price of HKD 104.8 [1] - China Nonferrous Mining (01258) released its production guidance for 2026, expecting a total copper output of approximately 484,000 tons [1] - China Rare Earth Holdings (03788) reported a 53.1% increase in JORC ore reserves to 2.62 million ounces, with JORC gold resources rising to 5.54 million ounces [1] - Black Sesame Intelligence (02533) plans to issue a total of 30.1319 million subscription shares, raising approximately HKD 568 million [1] - Shanghai Pharmaceuticals (02607) received approval for the production of bromhexine oral solution [1] - Beijing Energy International (00686) signed an EPC contract for a 100 MW wind power project in Heilongjiang Province [1] - Standard Chartered Group (02888) plans to issue SGD 750 million fixed-rate reset perpetual subordinated convertible securities [1] Share Buybacks/Reductions - Geely Automobile (00175) repurchased 1.547 million shares for HKD 26.6229 million on January 9 [2] - Sunny Optical Technology (02382) repurchased 840,000 shares for HKD 53.9894 million on January 9 [2] - Xiaomi Group-W (01810) repurchased 4 million shares for HKD 151 million on January 9 [2] Operating Performance - China Jinmao (00817) achieved a cumulative contracted sales amount of RMB 113.5 billion for 2025, a year-on-year increase of 15.52% [2] - Jiumaojiu (09922) reported stable performance for its main brands in the fourth quarter [2] - CIFI Holdings Group (00884) recorded a cumulative contract sales amount of approximately RMB 16.1 billion for 2025 [2] - R&F Properties (02777) reported total sales revenue of approximately RMB 14.21 billion for 2025, a year-on-year increase of 26.54% [2] - Zhongliang Holdings (02772) reported a cumulative contract sales amount of approximately RMB 12.07 billion for 2025, a year-on-year decrease of 32.68% [2] - Shui On Land (00272) achieved a cumulative contract property sales amount of RMB 7.916 billion for 2025 [2] Additional Performance Metrics - Greenland Hong Kong (00337) reported contract sales of approximately RMB 7.214 billion for 2025, a year-on-year decrease of 21.66% [3] - Yuzhou Group (01628) achieved a cumulative sales amount of RMB 6.727 billion for 2025 [3] - New World Development (01030) reported contract sales of approximately RMB 1.354 billion in December [3] - China Shipbuilding Defense (00317) expects a year-on-year increase of 149.61% to 196.88% in net profit attributable to shareholders for 2025 [3] - Longyuan Power (00916) completed a cumulative power generation of 76.4694 million MWh for 2025, a year-on-year increase of 1.22% [3] - Sunny Optical Technology (02382) reported a December shipment of 95.592 million mobile phone lenses, a year-on-year decrease of 8.9% [3] - COFCO Joycome (01610) reported a December pig output of 567,000 heads, a month-on-month increase of 1.43% [3] - Dekang Agriculture (02419) sold 1.1097 million pigs in December, generating sales revenue of RMB 1.664 billion [3] - Hengding Industrial (01393) reported a coal output of 5.415 million tons for 2025, a year-on-year increase of 31% [3] - Orient Overseas International (00316) reported a 17.2% decrease in quarterly shipping revenue compared to the same period last year, with total cargo volume up 0.8% and carrying capacity up 4.5% [3]

公司预计2025年年度实现归属于母公司所有者的扣除非经常性损益的净利润85,000万元到102,000万元， 与上年同期(法定披露数据)相比，将增加51,439万元到68,439万元，同比增加153.27%到203.93%。 格隆汇1月9日丨中船防务(600685.SH)公布，中船海洋与防务装备股份有限公司预计2025年年度实现归 属于母公司所有者的净利润9.4亿元到11.2亿元，与上年同期(法定披露数据)相比，将增加56,274万元到 74,274 万元，同比增加149.61%到196.88%。 ...

·李强主持召开国务院常务会议部署实施财政金融协同促内需一揽子政策 ·国家将开展外卖行业市场竞争状况调查外卖平台：全力配合竞争调查 ·光伏出口退税将取消行业协会：推动国外市场价格理性回归 ·国务院总理李强1月9日主持召开国务院常务会议，部署实施财政金融协同促内需一揽子政策，研究推行常住地提供基本公共服务有关工作，审议通过 《中华人民共和国自然保护区条例（修订草案）》。会议指出，实施财政金融协同促内需一揽子政策，是扩大有效需求、创新宏观调控的重要举措。要 加强财政政策与金融政策配合联动，充分发挥政策效应，引导社会资本参与促消费、扩投资。围绕促进居民消费，优化实施服务业经营主体贷款、个人 消费贷款贴息政策，推动增加优质服务供给，增强居民消费能力。围绕支持民间投资，实施中小微企业贷款贴息政策，设立民间投资专项担保计划，建 立支持民营企业债券风险分担机制，优化实施设备更新贷款财政贴息政策，进一步降低企业融资门槛和成本。（新华社） ·国务院反垄断反不正当竞争委员会办公室依据《中华人民共和国反垄断法》规定，决定对外卖平台服务行业市场竞争状况开展调查、评估。对此，美 团、淘宝闪购、京东外卖均表示将积极配合。（新华财经） ·财 ...