申万宏源近期表示，造船标的普遍处于低估值水位。中国船舶（600150）、中船防务H的手持订单金额 约560亿、70亿美元，市值订单比0.65、0.36倍，处于历史相对低位。方正证券此前指出，中船防务是中 船集团旗下大型骨干造船企业和国家核心军工生产企业，在手订单充足，盈利能力有望随高价船交付稳 定兑现。 消息面上，根据知名造船和海运研究机构克拉克森研究最新数据，今年10月，全球新船订单成交量为 291万修正总吨（CGT），按CGT计比去年同期的471万CGT下降了38%。其中，中国船企承接新船订单 98艘213万CGT，全球市场占有率为73%，位居榜首。此外，中泰证券（600918）近日研报指出，地缘 局势不确定性加剧，军工板块关注度有望提升。 中船防务（600685）(00317)盘中拉升，现涨超5%，截至发稿，涨5.14%，报15.55港元，成交额1.98亿 港元。 ...

智通财经APP获悉，中船防务(00317)盘中拉升，现涨超5%，截至发稿，涨5.14%，报15.55港元，成交 额1.98亿港元。 申万宏源近期表示，造船标的普遍处于低估值水位。中国船舶、中船防务H的手持订单金额约560亿、 70亿美元，市值订单比0.65、0.36倍，处于历史相对低位。方正证券此前指出，中船防务是中船集团旗 下大型骨干造船企业和国家核心军工生产企业，在手订单充足，盈利能力有望随高价船交付稳定兑现。 消息面上，根据知名造船和海运研究机构克拉克森研究最新数据，今年10月，全球新船订单成交量为 291万修正总吨（CGT），按CGT计比去年同期的471万CGT下降了38%。其中，中国船企承接新船订单 98艘213万CGT，全球市场占有率为73%，位居榜首。此外，中泰证券近日研报指出，地缘局势不确定 性加剧，军工板块关注度有望提升。 ...

中船系板块异动拉升，久之洋涨超10%，中船防务、中船汉光、中船科技跟涨。 ...

格隆汇11月19日丨中船防务(00317.HK)公告，公司已于2025年10月30日在上海证券交易所网站 (www.sse.com.cn)、香港联合交易所有限公司网站(www.hkexnews.hk)及公司指定信息披露媒体上发布公 司2025年第三季度报告。为便于广大投资者更全面深入地了解公司2025年第三季度经营成果及财务状 况，公司计划于2025年11月27日(星期四)上午11:00-12:00举行2025年第三季度业绩说明会，就投资者关 心的问题进行交流。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 H 00317 關於召開2025年第三季度業績說明會的公告 中船海洋與防務裝備股份有限公司（「本公司」或「公司」）董事（「董事」）會（「董事會」）及全 體董事保證本公告內容不存在任何虛假記載、誤導性陳述或者重大遺漏，並對其內容的 真實性、準確性和完整性承擔法律責任。 重要內容提示： 本公司已於2025年10月30日在上海證券交易所網站(www.sse.com.cn)、香港聯合交易所有 限公司網站(www.hkexnews.hk)及公司指定信息披露媒體上發佈公司2025年第三季度報 告。為便於廣大投資者更全面深入地了解公司2025年第三季度經營成果及財務狀況，公 司計劃於2025年11月27日（星期四）上午11:00-12:00舉行2025年第三季度業績說明會，就 投資者關心的問題進行交流。 - 1 - 四、投資者參加方式 - 2 - 召開時間： 2025年11月27日（星期四）上午11:00-12:00 ...

Core Viewpoint - The military industry stocks have experienced a significant surge, driven by recent advancements in China's military capabilities and a shift in the industry's growth model towards a more diversified and sustainable approach [1][2][3]. Group 1: Stock Performance - Military ETFs saw a sharp increase, with stocks like Jianglong Shipbuilding, Yaguang Technology, and China Shipbuilding Defense hitting the daily limit, while Tianhai Defense surged over 19% [1][2]. - By the end of the trading session, several companies, including Jianglong Shipbuilding and Yaguang Technology, recorded gains of over 10%, indicating strong market interest in the military sector [2]. Group 2: Industry Growth and Financial Performance - According to data from Guoxin Securities, state-owned defense enterprises reported a 21.19% year-on-year increase in revenue and an 8.93% rise in net profit for the first three quarters of 2025, with these companies accounting for over 70% of the industry [2]. - The military industry is transitioning from a reliance on domestic demand to a new growth model characterized by "internal demand foundation, foreign trade expansion, and civilian support," enhancing the industry's overall growth potential [2][4]. Group 3: Recent Developments and Innovations - The recent commissioning of the Fujian aircraft carrier, which is the world's first conventional-powered aircraft carrier utilizing electromagnetic catapult technology, marks a significant technological advancement for China's naval capabilities [3]. - The introduction of the Attack-11 stealth drone and the successful sea trials of the Sichuan ship highlight the advancements in China's air and naval forces, indicating a shift towards integrated manned-unmanned operations [3]. Group 4: Investment Focus Areas - East Wu Securities identifies four key investment directions within the military sector: main battle equipment supply chains, advanced combat capabilities, military-civilian integration technologies, and asset securitization opportunities [4]. - The focus on companies with assembly capabilities, pricing power, and overseas delivery experience is expected to yield significant benefits as orders increase [4].

中船海洋与防务装备股份有限公司 证券代码：600685 证券简称：中船防务 公告编号：2025-050 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025 年 11 月 27 日（星期四）上午 11:00-12:00 关于召开 2025 年第三季度业绩说明会的公告 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/）（以下简称"上证路演中心"） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 20 日（星期四）至 11 月 26 日（星 期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱（comec@comec.cssc.net.cn）进行提问。公司将在 说明会上对投资者普遍关注的问题进行回答。 中船海洋与防务装备股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日在上海证券交易所网站（www.sse.com.cn）、香港联合 交易所有限公司网站（www.hke ...

Market Overview - The Hong Kong stock market indices experienced declines, with the Hang Seng Tech Index falling by 0.69%, reaching a new low since early September. The Hang Seng Index and the Hang Seng China Enterprises Index decreased by 0.38% and 0.26%, respectively [1][2]. Technology Sector - Major technology stocks mostly declined, with Xiaomi dropping nearly 5%, Kuaishou down over 1%, and slight declines in JD.com, Meituan, Baidu, and Tencent. Alibaba saw an increase of over 1% [2][4][5]. New Energy Vehicle Sector - Stocks in the new energy vehicle sector fell, including Li Auto, NIO, Chery, Beijing Automotive, BYD, and Leap Motor [6]. Semiconductor Sector - Semiconductor stocks experienced declines, with companies like Shanghai Fudan, Jingmen Semiconductor, and Zhongxing Communications reporting losses [7][8]. Gold Sector - Gold stocks led the market gains, with China Gold International rising over 8%. Other gold-related stocks also saw increases, driven by expectations of significant gold purchases by global central banks [9][10]. Military Industry - Military stocks performed well, with China Shipbuilding Industry rising over 9%. Analysts expect the military industry to enter an upward cycle, supported by recent quarterly reports indicating a narrowing decline in performance [11][12]. Oil Sector - Oil stocks saw an uptick, with China Petroleum & Chemical Corporation increasing nearly 3%. This rise is attributed to recent increases in crude oil futures prices [13]. Lithium Battery Sector - Lithium battery stocks gained, with Tianqi Lithium rising nearly 3%. The market for lithium carbonate has shown significant recovery, with prices expected to rise further due to increasing demand [15][16]. Market Sentiment - The market sentiment remains cautious, with expectations of continued adjustments in the Hong Kong stock market due to weak macro liquidity and corporate earnings forecasts. Investors are advised to wait for clearer signals from U.S. monetary policy and mainland economic data before seeking rebound opportunities [21].

大智慧海工装备概念指数涨幅超2%。个股中，江龙船艇20cm涨停，亚星锚链、航天发展、中船防务涨 停。消息面上，英国克拉克森研究公司最新数据显示，今年前三季度我国海工装备新承接订单金额、交 付订单金额、手持订单金额分别占国际市场份额的60%、50.8%和61.9%，继续位居世界第一。 ...

Core Viewpoint - The military equipment sector experienced a significant rise in stock prices, with several companies reaching their daily limit up [1] Group 1: Stock Performance - Jianglong Shipbuilding and China Shipbuilding Defense both hit the daily limit up [1] - Yaxing Anchor Chain previously reached the daily limit up [1] - Tianhai Defense saw an increase of over 15% [1] - Guorui Technology, Zhongke Haixun, China Marine Defense, Hailanxin, and China Shipbuilding also experienced gains [1]