证券之星消息，11月14日航海装备板块较上一交易日下跌0.65%，中国海防领跌。当日上证指数报收于 3990.49，下跌0.97%。深证成指报收于13216.03，下跌1.93%。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) | | --- | --- | --- | --- | --- | --- | | 300065 | 海兰信 | 18.18 | 1.34% | 29.19万 | 5.28 Z | | 300600 | 国瑞科技 | 16.04 | 0.94% | 14.37万 | 2.33亿 | | 300008 | 天海防务 | 6.64 | 0.76% | 58.31万 | 3.88 Z | | 300589 | 江龙船艇 | 13.59 | 0.59% | 29.27万 ﻟ | 4.00亿 | | 601890 | 亚星锚链 | 9.90 | 0.30% | 29.26万 | 2.90亿 | | 300810 | 武夷君 | 39.04 | -0.18% | 1.92万 | 7561.50万 | | 600150 | 中国船舶 | ...

中国海防 2025 年第三次临时股东会 中国船舶重工集团海洋防务与信息对抗股份有限公司 二〇二五年十一月 1 中国海防 2025 年第三次临时股东会 目 录 | 议案一 | 年度中期利润分配预案 | 2025 | 3 | | --- | --- | --- | --- | | 议案二 | 关于聘请公司2025 | 年度财务报表及内部控制审计机构的议案 5 | | 2 中国海防 2025 年第三次临时股东会 议案一 2025 年度中期利润分配预案 2025 年第三次临时股东会会议资料 各位股东及股东代表： 根据公司 2025 年第三季度报告（未经审计），前三季度实现归属 于公司股东所有者的净利润 154,178,243.10 元，截至 2025 年 9 月 30 日 ， 公 司 合 并 资 产 负 债 表 中 归 属 于 公 司 股 东 所 有 者 权 益 8,262,306,144.90 元，未分配利润 4,330,944,109.48 元。 根据公司的利润分配原则，既符合法律、法规的相关规定，并保 持连续性和稳定性，又重视对投资者的合理投资回报，并兼顾公司长 远及可持续发展。按照证监会《上市公司监管指引第 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Views - The company experienced short-term revenue fluctuations but maintained stable profitability. In the first three quarters of 2025, the company achieved revenue of 1.925 billion, a year-on-year increase of 2.8%. The net profit attributable to the parent company was 154 million, up 3.43% year-on-year, while the net profit excluding non-recurring items was 117 million, an increase of 5.76% year-on-year. However, in Q3 2025, revenue dropped to 539 million, a year-on-year decrease of 24.49% and a quarter-on-quarter decrease of 38.26% [2][7][14]. Summary by Sections Revenue and Profitability - For the first three quarters of 2025, the company reported revenue of 1.925 billion, with a year-on-year growth of 2.8%. The net profit attributable to the parent company was 154 million, reflecting a year-on-year increase of 3.43%. The net profit excluding non-recurring items was 117 million, up 5.76% year-on-year. In Q3 2025, revenue was 539 million, down 24.49% year-on-year and 38.26% quarter-on-quarter. The net profit for Q3 was 60 million, a year-on-year decrease of 19.12% and a quarter-on-quarter decrease of 5.81% [2][7][14]. Inventory and Demand - The company’s inventory balance at the end of Q3 was 1.937 billion, an increase of 14.89% from the beginning of the period. The contract liabilities at the end of Q3 were 220 million, up 50.17% from the beginning of the period, indicating an increase in downstream demand [14]. Profitability Metrics - The gross margin for the first three quarters of 2025 was 35.68%, an increase of 0.13 percentage points year-on-year. The net profit margin was 8.37%, a decrease of 0.23 percentage points year-on-year. In Q3 2025, the gross margin improved to 36.6%, up 2.52 percentage points year-on-year and 1.28 percentage points quarter-on-quarter. The net profit margin for Q3 was 10.98%, reflecting a year-on-year increase of 0.29 percentage points and a quarter-on-quarter increase of 2.91 percentage points [14]. Future Earnings Forecast - The company’s projected net profits for 2025 to 2027 are 290 million, 380 million, and 510 million, respectively. The corresponding price-to-earnings ratios based on the current market capitalization are 75, 56, and 42 times. There is potential for upward adjustments in profit forecasts if downstream model releases exceed expectations [14].

Market Overview - The marine equipment sector increased by 0.38% on November 13, with Guorui Technology leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Stock Performance - Key stocks in the marine equipment sector showed varied performance, with Guorui Technology closing at 15.89, up 1.34%, and China Shipbuilding at 34.60, up 0.41% [1] - The trading volume and turnover for major stocks included: - Guorui Technology: 95,600 shares, turnover of 151 million yuan - Tianhai Defense: 385,200 shares, turnover of 254 million yuan - China Shipbuilding: 462,700 shares, turnover of 1.597 billion yuan [1] Capital Flow - The marine equipment sector experienced a net outflow of 181 million yuan from institutional investors, while retail investors saw a net inflow of 126 million yuan [1] - Detailed capital flow for selected stocks included: - Yaxing Anchor Chain: Institutional net inflow of 22.79 million yuan, retail net outflow of 26.73 million yuan - China Shipbuilding: Institutional net outflow of 137 million yuan, retail net inflow of 889.93 million yuan [2]

Investment Rating - The report maintains a "Positive" outlook on the defense and military industry, indicating a turning point in profitability and growth potential [6][4]. Core Insights - The military industry is expected to enter a new growth cycle driven by the initiation of the "14th Five-Year Plan" equipment construction, military trade, and commercial aerospace advancements [2][3]. - The overall revenue for the military sector increased by 3.07% year-on-year in the first three quarters of 2025, while net profit attributable to shareholders decreased by 9.89%, showing a narrowing decline compared to the previous year [6][11]. - Key segments such as components, sub-systems, and assembly levels have shown signs of recovery, with revenue growth turning positive for the first time since 2021 [18][25]. Summary by Sections 1. Performance Analysis - In Q3 2025, revenue growth rates for components, sub-systems, and assembly levels were 8.30%, 3.37%, and 1.16% respectively, marking a positive shift from negative growth in 2024 [18][19]. - The net profit for the components level increased by 6.94% year-on-year, while sub-systems and assembly levels saw declines of 28.98% and 19.48% respectively [18][23]. 2. Cash Flow Improvement - The cash flow from operations for sub-systems and assembly levels improved, while components faced temporary pressure [40][42]. - The sales collection ratio for assembly levels rose significantly by 23.23 percentage points to 92.50% in Q3 2025, indicating better cash flow management [40][41]. 3. Prepayments and Inventory - Prepayments (including contract liabilities) across all levels showed an upward trend, with assembly levels increasing by 21.85% to 63.345 billion yuan [48][49]. - Inventory levels for components, sub-systems, and assembly increased by 12.57%, 8.81%, and 19.82% respectively, suggesting a positive outlook for future performance [53][54]. 4. Segment Performance - The weaponry segment led revenue growth with a remarkable 27.52% increase, while the aerospace segment grew by 6.17% and the information technology segment by 5.37% [35][36]. - The information technology segment achieved a net profit growth rate of 136.38%, indicating strong performance and future growth potential [36][39].

Core Insights - The quantum technology sector is experiencing significant advancements, with both policy support and technological breakthroughs driving growth [2][3][4] - The global quantum computing industry is projected to grow from $4.7 billion in 2023 to over $800 billion by 2035, indicating substantial market potential [4] - A total of over 60 A-share companies are involved in quantum technology, with significant R&D investments, particularly in quantum security chips and modules [4][5] Policy Developments - Anhui Province is focusing on scaling quantum technology applications, aiming to implement nearly 300 application scenarios by the end of this year and 1,000 by 2027 [2] Technological Breakthroughs - Domestic advancements include a new architecture for atomic quantum computing that addresses challenges in high parallelism, speed, and stability [3] - Internationally, a team from the University of Chicago has theoretically extended the connection distance between quantum computers to 2,000 kilometers [3] Industry Growth and Investment - In the first three quarters of this year, A-share companies involved in quantum technology reported a total R&D expenditure of 69.47 billion yuan, accounting for 3.86% of total revenue [4] - Notable companies with high R&D expenditure include China Mobile, ZTE, and China Telecom, with 国芯科技 leading at 89.03% of revenue spent on R&D [4][5] Market Opportunities - Quantum communication, particularly quantum key distribution (QKD), is identified as the most mature and commercially viable area within quantum technology [3] - Quantum measurement is also highlighted as an early revenue-generating sector, akin to "hidden champions" in niche markets [3]

Group 1 - The company, China Haifang, stated that it manages and utilizes raised funds strictly according to regulatory requirements [2] - Investors can refer to the "Progress Report on the Use of Raised Funds" section in the regular reports for the implementation status of fundraising projects [2]

Group 1 - The company will hold its third extraordinary general meeting of shareholders on November 28, 2025 [2][4] - The meeting will be conducted using a combination of on-site and online voting methods [2][3] - The on-site meeting will take place at the China Shipbuilding Industry Corporation building in Beijing [2][8] Group 2 - Shareholders can vote through the Shanghai Stock Exchange's online voting system, with specific time slots for voting [2][3] - The registration for attending the meeting will be open from November 21, 2025, and requires specific identification documents [11][12] - The company emphasizes that all voting must be completed before submission [7][6] Group 3 - The company will also hold a quarterly performance briefing on November 20, 2025, to discuss the third quarter results [19][20] - The performance briefing will be held at Shanghai Zhongyuan Electronic Technology Engineering Co., Ltd. and will include online interaction [20][22] - Investors can submit questions in advance via email to be addressed during the briefing [21][24]

会议召开时间：2025 年 11 月 20 日 （星期四） 10:00-11:00 会议召开方式：现场结合网络互动 现场会议地点：上海中原电子技术工程有限公司（上海市闵行区 金都路 5200 号） 投资者网络互动网址：上海证券报·中国证券网路演中心 https://roadshow.cnstock.com/ 投资者可于 2025 年 11 月 17 日 （星期一）16:00 前通过邮件形 式（cecgt@cecgt.com）将需要了解与关注的问题预先提供给公司， 公司将在说明会上就投资者普遍关注的问题在信息披露允许的范 围内进行回答。 说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次业绩说明会以现场结合网络互动形式召开，现场会议设在中 国海防控股子公司上海中原电子技术工程有限公司（上海市闵行区金 都路 5200 号），投资者网络互动于 2025 年 11 月 20 日 （星期四） 10:00-11:00 在 上 海 证 券 报 · 中 国 证 券 网 路 演 中 心 https://roadshow.cnstock.com/开展。公司将针对 2025 年第三季度 的经营成果及财务指标的具体情况与投 ...

证券代码：600764 证券简称：中国海防 公告编号：2025-046 中国船舶重工集团海洋防务与信息对抗股份有限公司 关于召开2025年第三次临时股东会的通知 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： 一、 召开会议的基本情况 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 11 月 28 日 (一)股东会类型和届次 2025年第三次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 11 月 28 日 10 点 00 分 召开地点：北京市海淀区昆明湖南路 72 号中船大厦 (五)网络投票的系统、起止日期和投票时间。 股东会召开日期：2025年11月28日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 至2025 年 11 月 28 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交 ...