Core Viewpoint - The commercial aerospace sector continues to experience significant interest and stock price increases, with multiple companies reaching their daily price limits and the overall index hitting new historical highs [1][3][6]. Group 1: Market Performance - Commercial aerospace concept stocks saw a substantial rise, with nearly 30 stocks experiencing price limits or increases exceeding 10% [1]. - The commercial aerospace index has been on an upward trend since November 24, marking over a month of continuous growth [2][6]. - By the end of the trading day, the index recorded an overall increase of nearly 2%, reaching a new historical high [1]. Group 2: Key Developments - The surge in stock prices was notably influenced by a significant announcement from Lianchuang Superconducting, which reported the successful acceptance of its first commercial aerospace order [5]. - This order pertains to a "high-power low-temperature refrigeration system and model superconducting magnet development service project," marking a critical milestone for the company in the commercial aerospace sector [5]. - The successful delivery and acceptance of this project indicate Lianchuang Superconducting's readiness to meet the growing demand for low-cost, high-frequency launch capabilities in the context of global low-orbit satellite constellation development [5]. Group 3: Regulatory Support - The Shanghai Stock Exchange has introduced new guidelines to support commercial rocket enterprises, facilitating their access to the Sci-Tech Innovation Board [6][7]. - These guidelines aim to accelerate the development of high-tech commercial rocket companies, particularly those with significant breakthroughs in key components and reusable technology [7]. - The regulatory changes are expected to attract more investment into the commercial aerospace sector, enhancing the growth potential of leading companies within the industry [7].

12月31日消息，截止13:50，全息概念板块走强，联创光电涨停，苏州科达等个股涨幅居前。 责任编辑：小浪快报 ...

Core Viewpoint - Jiangxi Lianchuang Superconductor Technology Co., Ltd. has successfully completed the delivery and customer acceptance of its "High-Power Low-Temperature Refrigeration System and Model Superconducting Magnet Development Service Project," marking a significant achievement in the commercial aerospace electromagnetic launch sector [1] Group 1 - The project represents the first engineering order for Lianchuang Superconductor in the field of commercial aerospace electromagnetic launch, indicating a successful transition from technology research and development to market delivery [1] - The completion of this project demonstrates that the company has established a comprehensive process for design, manufacturing, and delivery to meet the demands of commercial aerospace electromagnetic launch [1] - The successful delivery prepares the company for subsequent bulk orders by validating technology and ensuring production capacity [1] Group 2 - Lianchuang Superconductor is a joint venture established by Jiangxi Electronic Group and Lianchuang Optoelectronics [1]

证券代码：600363 证券简称：联创光电 编号：2025-100 江西联创光电科技股份有限公司 关于控股股东部分股权解除质押并再质押的公告 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%；本次解除质押并再质押后，累计质 押股份数量为 75,712,839 股，占其所持有公司股份总数的 79.92%，占公司总股 本的 16.79%。 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 解除质押并再质押，具体事项如下： | 股东名称 | 江西省电子集团有限公司 | | --- | --- | | 本次解除质押股份（股） | 770,000 | | 占其所持股份比例 | 0.81% | | 占公司总股本比例 | 0.17% | | 解除质押时间 | 2025/12/29 | | 持股数量（股） | 9 ...

Group 1 - The core viewpoint of the news is that Lianchuang Optoelectronics has shown a positive stock performance with a year-to-date increase of 21.96% and a recent uptick in trading activity, despite some fluctuations in the past 60 days [1] - As of December 30, Lianchuang Optoelectronics' stock price reached 58.33 yuan per share, with a total market capitalization of 26.3 billion yuan and a trading volume of 2.27 billion yuan [1] - The company's main business segments include smart control (49.81% of revenue), backlight sources (36.15%), laser series and traditional LED chips (7.77%), and optoelectronic communication and intelligent equipment cables and metal materials (4.45%) [1] Group 2 - For the period from January to September 2025, Lianchuang Optoelectronics reported a revenue of 2.503 billion yuan, reflecting a year-on-year growth of 2.85%, and a net profit attributable to shareholders of 400 million yuan, which is a 19.37% increase [2] - The company has distributed a total of 408 million yuan in dividends since its A-share listing, with 85.455 million yuan distributed over the past three years [3] - As of September 30, 2025, the number of shareholders increased to 48,700, with an average of 9,314 circulating shares per person, indicating a decrease of 8.41% from the previous period [2]

Investment Rating - The report maintains an investment rating of "Leading the Market - A" for the defense and military industry [5] Core Insights - The defense and military sector has shown resilience, outperforming major indices such as the Shanghai Composite Index and the ChiNext Index during the week of December 19 to December 26, 2025, with the Shenwan Defense and Military Index rising by 6.00% [14][18] - The report highlights significant individual stock performances, with China Satellite leading with a 36.24% increase, followed by Guanglian Aviation at 32.44% [18][19] - Key announcements from companies in the sector include significant contracts and share repurchase plans, indicating active corporate strategies to enhance shareholder value and operational capacity [20] Summary by Sections 1. Defense and Military Market Review - The China Securities Military Index rose to 13,616.67 points, up 6.16%, while the China Defense Index increased to 1,816.41 points, up 5.57% during the specified week [14][15] - The Shenwan Defense and Military Index outperformed the Shanghai Composite Index, which rose by 1.88%, and the CSI 300 Index, which increased by 1.95% [14][15] 2. Key Company Announcements - Lianchuang Optoelectronics announced a share pledge and repurchase plan involving a total of 319,932,200 yuan for shares held by a major shareholder [20] - Huayin Technology signed a framework agreement worth 392,105,597 yuan for the processing of aircraft engine components [20] 3. Key Industry News - France's President Macron confirmed the initiation of a new generation aircraft carrier program with an estimated cost of 10.25 billion euros [21] - RTX's Raytheon secured a $1.7 billion contract to deliver Patriot missile defense systems to Spain [21]

证券代码：600363 证券简称：联创光电 编号：2025-099 江西联创光电科技股份有限公司 关于控股股东部分股权解除质押并再质押的公告 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。 （三）股东累计质押股份情况 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 押并再质押后，累计质押股份数量为75,712,839股，占其所持有公司股份总数的79.92%，占公司总股本 的16.79%。 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并再质押，具体事 项如下： 一、股份被解除质押情况 ■ 本次解除质押股份部分将用于继续办理后续质押。 二、上市公司股份质押 （一）本次股份质押基本情况 ■ （二）本次被质押的股份不存在被用作重大资产重组业绩补偿等事项的担保或其他保障用途的情况。 截至公告披露日，上述股东累计质押股份情况如下： ...

Group 1 - The core point of the article is that Lianchuang Optoelectronics announced the shareholding and pledge status of its controlling shareholder, Jiangxi Electronics Group, along with its revenue composition for the first half of 2025 [1] Group 2 - Jiangxi Electronics Group holds approximately 94.74 million shares of Lianchuang Optoelectronics, accounting for 21.01% of the total share capital [1] - After the release and re-pledge of shares, the total pledged shares amount to approximately 75.71 million, representing 79.92% of the shares held by the controlling shareholder and 16.79% of the total share capital [1] - For the first half of 2025, the revenue composition of Lianchuang Optoelectronics is as follows: smart control products 49.81%, backlight sources and application products 36.15%, semiconductor laser series and aerospace microelectronic components 7.77%, optoelectronic communication cables and intelligent equipment cables and metal materials 4.45%, and other businesses 1.83% [1] - As of the report date, Lianchuang Optoelectronics has a market capitalization of 26.1 billion yuan [1]

证券代码：600363 证券简称：联创光电 编号：2025-099 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%；本次解除质押并再质押后，累计质 押股份数量为 75,712,839 股，占其所持有公司股份总数的 79.92%，占公司总股 本的 16.79%。 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 解除质押并再质押，具体事项如下： | 股东名称 | 江西省电子集团有限公司 | | --- | --- | | 本次解除质押股份（股） | 2,020,000 | | 占其所持股份比例 | 2.13% | | 占公司总股本比例 | 0.45% | | 解除质押时间 | 2025/12/25 | | 持股数量（股） | 94,736,092 | | 持股比例 | 21.01% | | 剩余被质押股份数量（股） | 73,712,839 | | 剩余被质押股份数量占其所持股份比例 | 77.81% | | 剩余被质押股份数量占公司总股本比例 | ...

浙商证券研报指出，联创光电布局商业航天领域电磁弹射火箭发射，激光+超导业务蓄势待发。按规 划，中国商业航天有望2028年前建成首条高温超导电磁弹射试验线。截至9月5日，资阳基地制造的运载 火箭已有三枚成功发射，星河动力"谷神星二号"火箭研发进入关键阶段，配套电磁弹射验证平台调试推 进，目标2028年实现全球首次电磁弹射火箭发射。超导电磁弹射为火箭发射新方案，成本、频次、可靠 性实现突破。磁体是核聚变设备中价值量最大的单品，占工程验证堆建设成本约28%。2025年可控核聚 变国内在建项目众多，未来几年有望进入建设高峰期，公司卡位核聚变核心环节，有望持续受益于国内 可控核聚变项目招标。公司聚焦"激光+超导"业务，有望打开长期成长空间。预计2025-2027年公司实现 归母净利润5.0、6.2、7.7亿元，对应PE分别为52、42、34X，维持"买入"评级。 ...