证券代码：600562 证券简称：国睿科技 公告编号：2025-032 国睿科技股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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法律责任。 重要内容提示： 会议召开时间：2025年11月6日(星期四) 上午 9:00-10:00 参 会 网 址 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：网络互动 投资者可以在 2025年11月4日（星期二）前将需要了解的情况和关注问 题预先发送至公司投资者关系信箱(dmbgs@glarun.com)，公司将在说明会上就投 资者普遍关注的问题进行回答。 国睿科技股份有限公司（以下简称公司）于 2025 年 10 月 25 日在上海证券 交易所网站披露《公司 2025 年第三季度报告》。 为方便广大投资者更加全面深入地了解公司 2025 年第三季度的经营成果及 财务状况，公司定于 2025 年 11 月 6 日（星期四）通过上海证券交易所上证路演 ...

证券代码：600562 证券简称：国睿科技 公告编号：2025-030 国睿科技股份有限公司 第十届董事会第五次会议决议公告 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法律责任。 一、会议召开情况 1.本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文件 和公司章程的规定。 2.本次会议的通知及会议资料在会议召开前以电子邮件或专人送达方式发 给全体董事。 3.本次会议由公司董事长郭际航女士召集，于 2025 年 10 月 23 日召开，会 议采用通讯方式进行表决。 4.本次会议应出席董事 9 人，实际出席会议的董事 9 人。 二、会议审议情况 1.审议通过了《公司2025年第三季度报告》。 议案表决结果为：同意9票，反对0票，弃权0票。 本议案已经公司董事会风险管理与审计委员会审议通过。 《公司2025年第三季度报告》刊登于《中国证券报》、《上海证券报》、《证 券时报》及上海证券交易所网站（www.sse.com.cn）。 议案表决结果为：同意9票，反对0票，弃权0票。 本次利润分配方案详见刊登于《中国证券报》、《上海证 ...

证券代码：600562 证券简称：国睿科技 公告编号：2025-031 国睿科技股份有限公司 2025 年前三季度利润分配方 案的公告 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法律责任。 重要内容提示： 每股分配比例：每股派发现金红利0.097元（含税）。 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本发生变动的，维持分配总额 不变，相应调整每股分配比例，并将另行公告具体调整情况。 一、2025年前三季度利润分配方案内容 根据公司2025年前三季度财务报告（未经审计），截至2025年9月30日，公司 母公司报表中期末未分配利润为人民币133,263,091.48元。经董事会决议，公司 2025年前三季度以实施权益分派股权登记日登记的总股本为基数分配利润，本次 利润分配方案如下：公司向全体股东每股派发现金红利0.097元（含税）。截至2025 年 9 月 30 日 公 司 总 股 本 1,241,857,840 股 ， 以 此 计 算 合 计 派 ...

Financial Performance - The company's operating revenue for the third quarter was ¥396,821,236.33, a decrease of 6.98% compared to the same period last year[5] - The total profit for the quarter was ¥29,473,812.60, representing an increase of 21.94% year-over-year[5] - The net profit attributable to shareholders was ¥22,930,646.19, showing a slight increase of 1.17% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥22,508,784.69, reflecting a 0.64% increase year-over-year[5] - Total operating revenue for the first three quarters of 2025 reached CNY 2,117,644,843.41, an increase of 6.67% compared to CNY 1,985,134,690.57 in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 372,091,456.63, slightly higher than CNY 367,949,371.13 in the same period of 2024, indicating a growth of 0.39%[19] - The total comprehensive income attributable to the parent company's owners for the first three quarters of 2025 is CNY 372,528,388.28, compared to CNY 368,295,556.65 in the same period of 2024, reflecting a slight increase[20] - The net profit for the first three quarters of 2025 was CNY 129,117,639.79, compared to a net loss of CNY 12,472,471.71 in the same period of 2024[30] Assets and Liabilities - The total assets at the end of the quarter amounted to ¥10,264,198,730.18, an increase of 10.39% from the end of the previous year[6] - The company's total assets as of September 30, 2025, amounted to CNY 10,264,198,730.18, compared to CNY 9,297,822,787.35 at the end of 2024, representing an increase of 10.41%[16] - The company's total liabilities increased to CNY 3,451,061,089.62 as of September 30, 2025, compared to CNY 3,265,040,402.90 at the end of 2024, reflecting a rise of 5.7%[16] - The total assets decreased from CNY 4,710,493,643.67 to CNY 4,633,115,450.47, a decline of approximately 1.64%[28] - The total liabilities decreased from CNY 57,994,644.37 to CNY 46,470,493.49, a reduction of about 19.88%[28] Shareholder Equity - The equity attributable to shareholders increased by 8.26% to ¥6,505,285,576.02 compared to the end of the previous year[6] - The company's equity attributable to shareholders reached CNY 6,505,285,576.02 as of September 30, 2025, compared to CNY 6,008,750,455.82 at the end of 2024, indicating an increase of 8.25%[16] Cash Flow - The company reported a cash flow from operating activities of -¥42,057,859.76 year-to-date[5] - The net cash flow from operating activities for the first three quarters of 2025 is -CNY 42,057,859.76, an improvement from -CNY 643,644,957.19 in the same period of 2024[22] - The cash outflow from operating activities in the first three quarters of 2025 totals CNY 2,050,236,931.08, compared to CNY 2,186,867,262.42 in the same period of 2024, indicating a decrease in cash outflow[22] - The ending cash and cash equivalents balance as of September 30, 2025, is CNY 1,502,553,606.28, compared to CNY 659,082,799.14 at the end of 2024, showing a substantial increase[24] - Total cash and cash equivalents at the end of the period reached $345.24 million, up from $182.15 million year-over-year[32] - Cash inflow from financing activities totaled $3.17 million, while cash outflow was $198.18 million, resulting in a net cash flow deficit[32] Earnings Per Share - The basic earnings per share for the quarter was ¥0.02, unchanged from the previous quarter[6] - Basic and diluted earnings per share for the reporting period remain at CNY 0.30, unchanged from the previous year[20] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 118,901,895.93, slightly down from CNY 122,222,805.03 in the same period of 2024, showing a decrease of 2.7%[19] - Research and development expenses were not explicitly stated but are part of the management expenses totaling CNY 31,051,012.69 for 2025[29] Ownership Structure - The top three shareholders hold a combined 65.18% of the company's shares, indicating a strong concentration of ownership[11]

国睿科技公告，第三季度营收为3.97亿元，同比下降6.98%；净利润为2293.06万元，同比增长1.17%。 前三季度营收为21.18亿元，同比增长6.68%；净利润为3.73亿元，同比增长1.15%。 ...

Investment Rating - The report maintains a "Positive" investment rating for the defense and military industry in China [5] Core Viewpoints - The military trade market in China is continuously expanding, with significant developments such as Indonesia's procurement of the J-10 fighter jet, indicating a rapid growth in the military trade market scale [11] - The "Qianfan Constellation" satellite network has resumed operations after a 7-month hiatus, with the recent launch of 18 satellites, suggesting an acceleration in low-orbit satellite deployment [12] - The current market conditions show stabilization in military sector stock prices, with a focus on domestic demand and the upcoming "14th Five-Year Plan" which is expected to clarify new equipment construction plans [16][17] Summary by Sections Investment Suggestions and Targets - The report highlights several investment targets within the military electronics sector, including: - Aerospace Electric (002025, Buy) - Zhonghang Optics (002179, Buy) - Aerospace Electronics (600879, Not Rated) - In the new quality and domain sector, notable mentions include: - Haige Communication (002465, Buy) - New Light Optoelectronics (688011, Increase Holding) - For the engine chain, key targets include: - West Superconducting (688122, Buy) - Huqin Technology (688281, Increase Holding) - In military trade and main equipment, companies like AVIC Shenyang Aircraft (600760, Not Rated) are highlighted [17]

Core Insights - The defense and military industry index experienced a decline of -4.70% over the past week, ranking 23rd out of 31 in the Shenwan primary industry [7][41] - The current PE-TTM for the defense and military industry is 83.33, which is at the 76.67 percentile compared to the past decade, indicating a relatively high valuation level [12][15] - The report highlights significant individual stock performances, with North China Long Dragon leading with an increase of 8.71% over the past week, while Guorui Technology saw a decline of -14.00% [17][41] Industry and Stock Market Review - The defense and military industry index has shown a decline of -1.92% over the past month, ranking 11th out of 31 [9][41] - Over the past year, the industry index has increased by 16.91%, ranking 19th out of 31 [3][41] - The trading volume for the defense and military industry reached 310.8 billion yuan this week, a year-on-year decrease of -8.63% but a week-on-week increase of +128.08% [31][34] Important Company Announcements - The report includes various significant announcements from companies in the defense sector, such as strategic cooperation agreements and stock repurchase plans [38] Industry News - Indonesia confirmed its plan to purchase Chinese-made J-10 fighter jets, with a defense budget of at least 9 billion USD approved [40][41] - Successful launches of low-orbit satellite internet groups and the sixth batch of the Qianfan constellation were reported, indicating advancements in commercial aerospace [40][42] Investment Recommendations - The report suggests focusing on key investment themes such as military trade, commercial aerospace, unmanned equipment, military AI, and low-altitude economy [43]

Investment Rating - The report maintains a "Recommendation" rating for the low-altitude economy industry, expecting the industry index to outperform the benchmark index by more than 5% in the next 3-6 months [50]. Core Insights - EHang Intelligent has launched the new long-range manned eVTOL model VT35, designed for mid-to-long-distance travel scenarios, promoting the development of the low-altitude economy [3][4]. - The VT35 has a maximum design range of approximately 200 kilometers and a top speed exceeding 200 kilometers per hour, with a standard price of 6.5 million RMB in the Chinese market [10][8]. - The report emphasizes the importance of the "14th Five-Year Plan" in catalyzing the low-altitude economy, highlighting the need for top-level design and planning to further stimulate industry development [15][16]. - The Huachuang Transportation Low Altitude 60 Index decreased by 5.5% this week but has increased by 15.5% year-to-date, outperforming the Shanghai and Shenzhen 300 Index, which rose by 14.7% [24][25]. Summary by Sections Industry Overview - The low-altitude economy is identified as a representative industry of new productive forces, with significant government support and planning expected to enhance its development [15][17]. - The report outlines four major application scenarios for the low-altitude economy: tourism consumption, passenger transport, logistics, and production operations [18][19]. Key Companies and Investment Opportunities - The report suggests focusing on key segments within the industry, including: 1. **Manufacturers**: EHang Intelligent for eVTOL, Wan Feng Ao Wei for general aviation aircraft, and Xirui for general aviation manufacturing [33]. 2. **Supply Chain**: Yingboer for electric drive systems and Zongshen Power for aviation engines [33]. 3. **Low-altitude Digitalization**: Companies like Lais Information and Sichuan Jiuzhou are highlighted for their roles in digital infrastructure [33]. 4. **Low-altitude Infrastructure**: Radar companies such as Guorui Technology and Sichuan Aerospace are noted for their contributions to safety systems [33]. 5. **Operations**: Companies like CITIC Heli and Xiangyuan Culture are mentioned for exploring commercial applications in low-altitude operations [33]. Market Performance - The Huachuang Transportation Low Altitude 60 Index's performance is detailed, showing a weekly decline of 5.5% but an annual increase of 15.5%, indicating resilience compared to broader market indices [24][25]. - Individual stock performances are highlighted, with notable gainers and losers over the week and year, reflecting market volatility and investment opportunities [26][27]. Future Research Directions - The report indicates that from January 2024, a focused research initiative on the low-altitude economy will commence, covering 12 key companies and their potential for growth [34].

Investment Rating - The industry investment rating is maintained at "Overweight" [5] Core Viewpoints - The military industry is entering a medium to long-term layout turning point, with significant investment opportunities emerging due to international political turbulence and domestic military modernization efforts [4][5] - The recent unveiling of the J-35 aircraft production line indicates a continuous enhancement of national military strength, which is expected to lead to a rapid development phase in military trade [7] - The acceleration of satellite launches suggests that the commercial aerospace industry is poised for a new phase of rapid growth, benefiting related enterprises in the supply chain [7] Summary by Relevant Sections Recent Industry Performance - Over the past 12 months, the absolute return of the industry is 21.1%, while the relative return compared to the CSI 300 is 4.39% [3] Key Events - The "Peace and Friendship - 2025" joint military exercise between China and Malaysia is set to take place from October 15 to 23, involving over 1,000 personnel and more than 500 pieces of equipment [5] Investment Highlights - The military industry is expected to see a rebound after previous adjustments, with increasing investment value highlighted by the upcoming "14th Five-Year Plan" conclusion and ongoing geopolitical tensions [8] - The report suggests focusing on specific stocks such as AVIC Xi'an Aircraft Industry Group, AVIC Shenyang Aircraft Corporation, and others within the military sector [8]

Investment Rating - The report maintains a "Positive" outlook for the defense and military industry in China [6] Core Views - China's military trade market is expected to achieve new breakthroughs, with the successful establishment of a reusable rocket factory accelerating the low-orbit satellite network [2][11] - The procurement of 20 J-10CE fighter jets by Bangladesh for $2.2 billion signifies the growing recognition of Chinese military products and the potential for market expansion [10][15] - The completion of the first reusable rocket factory in Wenchang, Hainan, marks a significant advancement in commercial aerospace infrastructure, paving the way for scalable and reusable rocket development [10][17] Summary by Sections Military Trade Developments - Bangladesh plans to invest $2.2 billion to purchase 20 J-10CE fighter jets, with the total procurement cost including training and logistics expected to reach $2.2 billion [10][15] - The international competitiveness of Chinese military equipment is increasing due to enhanced technology performance and cost-effectiveness, transitioning from a focus on individual product advantages to comprehensive solution capabilities [16] Commercial Aerospace Advancements - The first reusable rocket assembly and testing factory in Wenchang, Hainan, has been completed, which will significantly enhance the production capacity and testing capabilities for reusable rockets [10][17] - The factory is expected to lower launch costs and accelerate the progress of commercial low-orbit satellite networks [17] Current Market Outlook - The military industry has stabilized recently, with a focus on domestic demand and military trade developments as key growth drivers [20] - The report highlights the importance of upstream components and key materials in supporting the lifecycle of various military equipment, indicating potential benefits from demand amplification effects [20] - The report suggests continued optimism for the military sector, with specific investment recommendations for various companies within the industry [10][20]