证券之星消息，1月22日航海装备板块较上一交易日上涨3.04%，中船防务领涨。当日上证指数报收于 4122.58，上涨0.14%。深证成指报收于14327.05，上涨0.5%。航海装备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600685 | 中腊防务 | 34.01 | 7.49% | 51.88万 | 17.40 Z | | 300008 | 天海防务 | 66'8 | 6.14% | 281.53万 | 25.33 乙 | | 300065 | 海兰信 | 23.66 | 5.86% | 122.12万 | 28.74亿 | | 300589 | 江龙船艇 | 19.62 | 5.20% | - 43.63万 | 8.52亿 | | 300810 | 中科海讯 | 41.56 | 4.11% | 6.23万 | 2.57亿 | | 601890 | 亚星锚链 | 11.11 | 3.35% | 69.97万 | 7.73亿 | | 600764 | 中国海防 | ...

浙商证券研报指出，中船防务2025年报业绩预告符合预期，预计2025年归母净利润同比增长 150%-197%。周期景气上行，多船型下单需求上行，船厂盈利能力改善。需求端换船周期、环保政策驱 动，油轮和散货船新单接力，供给端船厂扩产有限，船价有望创新高。公司是中国船舶集团旗下唯 一"A+H"平台，在集团解决同业竞争方面有望受益。控股公司黄埔文冲与参股公司广船国际为核心造船 企业，在手订单饱满。根据克拉克森数据库，截止2026-1-21，手持订单673万载重吨、338CGT，在手 订单饱满。维持"买入"评级。 ...

Group 1 - The Hang Seng Index fell by 0.1%, down 26 points, closing at 26,559 points, while the Hang Seng Tech Index decreased by 0.4% [1] - Baidu Group (09888) led blue-chip stocks with a 4% increase following the official release of its Wenxin large model version 5.0 [1] - Tianzuo Zhixin (09903) surged over 14%, reaching a new high since its listing, with plans to release a roadmap for its next three generations of GPGPU products on January 26 [1] - Minshi Group (00425) rose over 10%, benefiting from the increase in European electric vehicle production and actively entering humanoid robots and liquid cooling sectors [1] - Junda Co., Ltd. (02865) increased by over 14%, planning to raise funds through a share placement for the development of space photovoltaic battery products [1] - Yingshi Intelligent (03696) rose over 5%, achieving a new peak as its AI-enabled tumor drug development capabilities received further recognition [1] Group 2 - Jiantao Group's stock (01888) rose over 2%, with Goldman Sachs optimistic about the Chinese PCB and CCL industries [2] - Pacific Shipping (02343) increased by over 7%, reaching a new high as the BDI index climbed to a two-week high [3] - China Shipbuilding Defense (00317) rose over 3%, with its 2025 performance forecast meeting market expectations, likely benefiting from the integration of shipbuilding assets [4] - CNOOC Services (02883) increased by over 4%, converting $746 million in debt to equity to enhance its oil and gas business in Norway [5] - Kingsray Biotechnology (01548) fell over 6%, following a significant drop of over 11% in its joint venture Legend Biotech's stock price [6] - Nanshan Aluminum International (02610) dropped over 8% due to a 6.4% discount on a rights issue, raising net proceeds of HKD 1.99 billion [7] - New stock Longqi Technology (09611) debuted with a price of HKD 32.5, up 4.84% on its first day of trading [8]

该行续指，当前船厂运载已近饱和，但活跃船厂数量及交付量相较上一轮周期显著下降，供需紧张或推 动船价持续走高。由于供给收缩、扩产困难，叠加换船周期、环保政策，供需紧张有望驱动船价持续创 新高，船舶周期有望震荡上行。 浙商证券发布研报称，中船防务2025年报业绩预告符合预期，公司预计2025年归母净利润同比增长 150%-197%预计2025年实现归母净利润9.4亿元至11.2亿元，同比增长149.61%-196.88%；扣非归母净利 润8.5亿元至10.2亿元，同比增加153.27%-203.93%。该行认为，中船集团旗下总装资产整合有望进一步 加强内部协同，提升规模效应和加强精益化管理。公司是中国船舶集团旗下唯一"A+H"平台，在集团解 决同业竞争方面有望受益。 智通财经APP获悉，中船防务(00317)涨超5%，截至发稿，涨5.24%，报15.65港元，成交额5728.23万港 元。 ...

浙商证券（601878）发布研报称，中船防务2025年报业绩预告符合预期，公司预计2025年归母净利润同 比增长150%-197%预计2025年实现归母净利润9.4亿元至11.2亿元，同比增长149.61%-196.88%；扣非归 母净利润8.5亿元至10.2亿元，同比增加153.27%-203.93%。该行认为，中船集团旗下总装资产整合有望 进一步加强内部协同，提升规模效应和加强精益化管理。公司是中国船舶集团旗下唯一"A+H"平台，在 集团解决同业竞争方面有望受益。 该行续指，当前船厂运载已近饱和，但活跃船厂数量及交付量相较上一轮周期显著下降，供需紧张或推 动船价持续走高。由于供给收缩、扩产困难，叠加换船周期、环保政策，供需紧张有望驱动船价持续创 新高，船舶周期有望震荡上行。 中船防务（600685）(00317)涨超5%，截至发稿，涨5.24%，报15.65港元，成交额5728.23万港元。 ...

从资金流向上来看，当日航海装备板块主力资金净流入3.79亿元，游资资金净流出7791.6万元，散户资金 净流出3.01亿元。航海装备板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300065 | 海兰信 | 22.35 | 4.98% | 90.73万 | 20.08亿 | | 300810 | 中模型 | 39.92 | 4.28% | 5.33万 | 2.14亿 | | 300008 | 天海防务 | 8.47 | 0.95% | 96.27万 | 8.14亿 | | 300589 | 江龙船艇 | 18.65 | 0.76% | 23.47万 1 | 4.37亿 | | 300600 | 園瑞科技 | 14.65 | 0.41% | 4.65万 | 6811.66万 | | 601890 | 亚是锚链 | 10.75 | -0.09% | 24.78万 | 2.66亿 | | 600764 | 中国海防 | 28.41 | -0.18% | 8.95万 | 2. ...

Core Viewpoint - China Shipbuilding Defense has experienced a stock price increase of 9.46% since the beginning of the year, but has seen a slight decline of 0.48% over the last five trading days, indicating volatility in its recent performance [2]. Financial Performance - For the period from January to September 2025, China Shipbuilding Defense reported a revenue of 14.315 billion yuan, representing a year-on-year growth of 12.83%. The net profit attributable to shareholders reached 655 million yuan, showing a significant increase of 249.84% [2]. - The company has distributed a total of 1.763 billion yuan in dividends since its A-share listing, with 259 million yuan distributed over the last three years [3]. Stock Market Activity - As of January 16, the stock price of China Shipbuilding Defense was 31.14 yuan per share, with a market capitalization of 44.017 billion yuan. The trading volume was 312 million yuan, with a turnover rate of 1.21% [1]. - The net outflow of main funds was 24.085 million yuan, with large orders showing a buy of 597.756 million yuan and a sell of 728.192 million yuan, indicating a mixed sentiment among investors [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders for China Shipbuilding Defense was 75,900, a decrease of 3.14% from the previous period. The average circulating shares per person remained at 0 shares [2]. - The top ten circulating shareholders include notable funds such as the Fortune CSI Military Industry Leader ETF and Changxin National Defense Military Industry Quantitative Mixed A, which have increased their holdings [3].

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].