（文章来源：证券日报） 证券日报网讯 11月21日晚间，联创光电发布公告称，公司于近日接到控股股东江西省电子集团有限公 司通知，获悉其所持有本公司的部分股份被质押，本次质押股数2，000，000股。 ...

证券代码：600363 证券简称：联创光电 编号：2025-088 江西联创光电科技股份有限公司 关于控股股东部分股份质押的公告 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个别及连带责任。 重要内容提示: 江西联创光电科技股份有限公司（以下简称"公司"或"本公司"）控股股东江 西省电子集团有限公司（以下简称"电子集团"）持有公司股份数量为 94,736,092 股，占公司总股本比例为 21.01%；本次质押后，累计质押数量为 75,232,839 股，占其所持有公司股份总数的 79.41%，占公司总股本的 16.69%。 一、上市公司股份质押 公司于近日接到控股股东电子集团通知，获悉其所持有本公司的部分股份被 质押，具体事项如下： | | 是否 | | 是否 | 是否 | | | | 占其 | 占公 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 为控 | 本次质押 | 为限 | 补充 | 质押起始 | 质押到期日 | 质权 ...

Group 1 - The company, Lianchuang Optoelectronics, announced that its controlling shareholder, Electronic Group, has pledged 2 million shares of the company [1] - As of the announcement, Lianchuang Optoelectronics has a market capitalization of 24.3 billion yuan [1]

证券日报网讯联创光电（600363）11月20日在互动平台回答投资者提问时表示，根据公司已在2025年11 月12日公告中说明，截至2025年11月10日，公司本次回购股份方案实施完毕。公司通过上海证券交易所 交易系统以集中竞价交易方式已累计回购公司股份2，626，000股，占公司当前总股本的比例约为 0.5790%，回购成交的最高价为62.00元/股，最低价为53.44元/股，回购均价56.90元/股，支付的资金总 额为人民币149，421，943.42元(不含印花税、交易佣金等交易费用)。 ...

Group 1 - The enthusiasm for stock buybacks among A-share listed companies has significantly increased this year, with a total buyback amount reaching 155.88 billion yuan, marking a five-year high [1] - As of November 19, 462 A-share listed companies have announced 509 buyback plans this year, with 128 plans aimed at reducing registered capital, representing 25.14%, an increase from 17.36% in the same period last year [1] - Major companies like CATL and Midea Group have announced substantial buyback plans, indicating a trend of normalizing buybacks as a key measure for market value management [2][3] Group 2 - The proportion of cancellation buybacks is steadily increasing, which is seen as a way to enhance earnings per share and boost market confidence [4] - Recent examples include Yabao Pharmaceutical completing a buyback of 8 million shares at an average price of 6.52 yuan per share, totaling 52.15 million yuan [4] - Experts suggest that the increase in cancellation buybacks is supported by improved profitability and liquidity of listed companies [4] Group 3 - Recommendations to enhance the proportion of cancellation buybacks include regulatory guidance, tax incentives, and improving the process for canceling shares [5] - There is a call for better market awareness and understanding of the value of cancellation buybacks [5]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600363 证券简称：联创光电 编号：2025-087 江西联创光电科技股份有限公司 关于控股股东部分股份解除 质押的公告 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个别及连带责任。 重要内容提示: ●江西联创光电科技股份有限公司（以下简称"公司"或"本公司"）控股股东江西省电子集团有限公司 （以下简称"电子集团"）持有公司股份数量为94,736,092股，占公司总股本比例为21.01%；本次解除质 押后，累计质押数量为73,232,839股，占其所持有公司股份总数的77.30%，占公司总股本的16.24%。 一、股份解除质押情况 ■ 经与控股股东电子集团确认，电子集团本次解除质押的部分股份存在后续再质押的融资计划，后续将根 据实际质押情况及时履行告知义务，公司将按照相关法律法规要求及时履行信息披露义务。 二、其他情况说明 截至本公告披露日，公司控股股东电子集团剩余被质押股份不存在平仓风险，不会导致公司实际控制权 发生变更，质押风险在可控范围之内。如后续出现股票下跌引发的 ...

Core Viewpoint - Jiangxi Lianchuang Optoelectronics Co., Ltd. announced that its controlling shareholder, Jiangxi Electronics Group Co., Ltd., has released part of its pledged shares, indicating a potential positive shift in the company's financial stability and shareholder confidence [2]. Summary by Sections - **Shareholding Structure** - Jiangxi Electronics Group holds 94,736,092 shares of the company, accounting for 21.01% of the total share capital [2]. - **Pledged Shares** - After the release of the pledge, the total number of pledged shares amounts to 73,232,839, which represents 77.30% of the shares held by the controlling shareholder and 16.24% of the company's total share capital [2]. - **Recent Developments** - The company received notification from its controlling shareholder regarding the release of 2,500,000 shares from pledge [2].

江西联创光电科技股份有限公司（以下简称"公司"或"本公司"）控股股 东江西省电子集团有限公司（以下简称"电子集团"）持有公司股份数量为 94,736,092 股，占公司总股本比例为 21.01%；本次解除质押后，累计质押 数量为 73,232,839 股，占其所持有公司股份总数的 77.30%，占公司总股本 的 16.24%。 公司于近日接到控股股东电子集团通知，获悉其将所持有本公司的部分股份 解除质押，具体事项如下： 1 股东名称 江西省电子集团有限公司 本次解质股份（股） 2,500,000 占其所持股份比例 2.64% 占公司总股本比例 0.55% 解质时间 2025/11/17 总持股数量（股） 94,736,092 总持股比例 21.01% 剩余被质押股份数量（股） 73,232,839 剩余被质押股份数量占其所持 股份比例 77.30% 剩余被质押股份数量占公司总 股本比例 16.24% 一、股份解除质押情况 证券代码：600363 证券简称：联创光电 编号：2025-087 江西联创光电科技股份有限公司 关于控股股东部分股份解除质押的公告 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、 ...

Core Insights - The report highlights a significant turning point for the defense and military industry in 2025, with a strong recovery in both fundamentals and market performance, indicating a shift from policy expectations to actual performance realization [4][9][11] - The industry is entering a new phase characterized by rigid demand, structural upgrades, and improved financial health, with five core judgments outlined for 2026 [4][6][24] Industry Trends - The defense and military sector saw a cumulative increase of 16.39% in the Shenwan Defense Index by October 31, 2025, closely aligning with the performance of the CSI 300 index but lagging behind the growth-driven ChiNext index [9] - The market experienced a "Q1 bottoming, Q2 recovery, Q3 acceleration, and Q4 consolidation" rhythm, with the driving force shifting from policy expectations to performance realization [9][10] Financial Performance - The industry ended the "increasing revenue without increasing profit" dilemma, with significant improvements in operating cash flow and profitability quality, marking a transition to a new phase of high-quality development [4][24][26] - By November 10, 2025, the PE-TTM (excluding negative values) for the defense sector was approximately 70 times, indicating a structural revaluation rather than a systemic bubble [20][24] Revenue and Profitability - The report indicates a recovery in revenue and profit growth in 2025, with a notable increase in operating cash flow, signaling a turnaround from previous years of negative cash flow [24][31] - The industry experienced a significant rebound in profitability, with a 17.29% year-on-year increase in net profit attributable to shareholders in Q3 2025, reflecting effective cost control and improved operational efficiency [26][31] Investment Focus - The investment strategy focuses on four main lines: the main battle equipment supply chain from a military trade perspective, advanced combat capabilities, military-civilian integration sectors, and reform and asset securitization [4][6][26] - Key companies to watch include AVIC Shenyang Aircraft Corporation, China Aerospace Science and Technology Corporation, and others involved in military trade and advanced combat technologies [4][6][26]

Group 1 - The company announced the completion of its share repurchase plan on November 10, 2025 [2] - A total of 2,626,000 shares were repurchased, representing approximately 0.5790% of the company's current total share capital [2]