Core Viewpoint - The company is actively focusing on the development of the commercial aerospace industry and has established a leadership team to oversee related business initiatives [1] Group 1: Company Initiatives - The company has formed a leadership group consisting of senior management, marketing personnel, and technical staff to coordinate efforts in the commercial aerospace sector [1] - The company is participating in the formulation and review of standards related to ceramic capacitors and filters for the commercial aerospace sector [1] Group 2: Market Position and Future Prospects - The company has conducted customer visits to deepen cooperation and has secured a certain market share in the commercial aerospace field [1] - The company is expected to benefit from the rapid development of China's commercial aerospace industry in the future [1]

Investment Rating - The report maintains an "Overweight" rating for the industry [5]. Core Viewpoints - The commercial aerospace sector is experiencing significant catalytic growth, leading to a substantial increase in industry prosperity [8][17]. - The establishment of a dedicated Commercial Aerospace Administration by the China National Space Administration marks a new phase in the development of commercial aerospace, enhancing stability and transparency in the industry [21]. - The successful launch of the Zhuque-3 reusable rocket signifies a breakthrough in China's commercial liquid rocket capabilities, supporting satellite internet and commercial remote sensing needs [10][21]. Summary by Sections Industry Overview - The industry comprises 142 listed companies with a total market capitalization of 2,915.34 billion yuan and a circulating market value of 2,530.17 billion yuan [2]. Key Developments - The Zhuque-3 rocket's successful launch on December 3, 2025, represents a critical milestone in the commercial aerospace sector, enabling a payload capacity of over 20 tons and reducing launch costs significantly [10][25]. - The 2025 China (Zhengzhou) Military Technology Information and Equipment Expo highlights advancements in military technology and the integration of civilian and military sectors [13][26]. Focus Areas - **Aerospace Equipment**: The Civil Aviation Administration is seeking opinions on emergency medical equipment for large aircraft, indicating a focus on enhancing safety standards [11][23]. - **Military Electronics**: Companies such as Gaode Infrared and Tianjian Technology are highlighted as key players in the military electronics sector [19][22]. - **Nuclear Equipment**: China and France are enhancing cooperation in the peaceful use of nuclear energy, focusing on technology innovation and safety [30][32]. Market Performance - The defense and military industry index rose by 2.82% in the past week, outperforming other major indices [33][38]. - The current PE (TTM) for the defense and military industry is 69.3 times, with aerospace equipment at 73.6 times and space equipment at 317.8 times, indicating high investor interest [39][44].

天眼查商业履历信息显示，北京元六鸿远电子科技股份有限公司，成立于2001年，位于北京市，是一家 以从事批发业为主的企业。企业注册资本23108.0892万人民币，实缴资本12000万人民币。公司法定代 表人为郑红。 据交易所数据显示，截至2025年12月5日收盘，鸿远电子（603267）报收于48.06元，上涨1.5%，换手率 1.91%，成交量4.42万手，成交金额2.11亿元。 资金流向方面，今日主力资金净流入1833.37万元，占比成交额8.68%。其中，超大单净流出496.77万 元、占成交额2.35%，大单净流入2330.14万元、占成交额11.04%，中单净流出流出997.67万元、占成交 额4.73%，小单净流出835.70万元、占成交额3.96%。 鸿远电子最新一期业绩显示，截至2025三季报，公司营业总收入14.27亿元、同比增长22.27%，归属净 利润2.22亿元，同比增长74.56%，扣非净利润2.10亿元，同比增长70.76%，流动比率4.898、速动比率 4.025、资产负债率18.88%。 通过天眼查大数据分析，北京元六鸿远电子科技股份有限公司共对外投资了14家企业，参与招投标项 ...

证券代码：603267 证券简称：鸿远电子 公告编号：临2025-052 北京元六鸿远电子科技股份有限公司 关于变更办公地址的公告 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。 北京元六鸿远电子科技股份有限公司（以下简称"公司"）在北京市新增一处办公地点，总部主要办公地 址发生变更，公司董事会秘书、证券事务代表联系地址等同步变更。为便于投资者与公司沟通交流，做 好投资者关系管理工作，现将变更具体情况公告如下： ■ 除上述变更外，公司网址、投资者热线、传真、投资者邮箱等其他联系方式保持不变，具体情况如下： 公司网址：www.yldz.com.cn 投资者热线：010-52270567、010-89237777 传真：010-52270569 投资者邮箱：603267@yldz.com.cn 联系地址：北京市丰台区智成北街6号院1号楼 邮政编码：100070 敬请广大投资者注意上述变更事项，若由此造成不便，敬请谅解。 特此公告。 北京元六鸿远电子科技股份有限公司董事会 2025年12月2日 ...

证券日报网讯 12月1日晚间，鸿远电子发布公告称，总部主要办公地址由"北京市大兴区中关村科技园 区大兴生物医药产业基地天贵街1号"变更为"北京市丰台区智成北街6号院1号楼"，邮政编码由102600变 更为100070，公司网址、投资者热线、传真、投资者邮箱等其他联系方式保持不变。 （文章来源：证券日报） ...

证券代码：603267 证券简称：鸿远电子 公告编号：临 2025-052 北京元六鸿远电子科技股份有限公司 关于变更办公地址的公告 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。 北京元六鸿远电子科技股份有限公司（以下简称"公司"）在北京市新增一 处办公地点，总部主要办公地址发生变更，公司董事会秘书、证券事务代表联系 地址等同步变更。为便于投资者与公司沟通交流，做好投资者关系管理工作，现 将变更具体情况公告如下： | 项目 | 变更前 | 变更后 | | | --- | --- | --- | --- | | 办公地址 | 北京市大兴区中关村科技园区大兴生 | 北京市丰台区智成北街 号院 6 | 1 | | | 物医药产业基地天贵街 号 1 | 号楼 | | | 邮政编码 | 102600 | 100070 | | 除上述变更外，公司网址、投资者热线、传真、投资者邮箱等其他联系方式 保持不变，具体情况如下： 公司网址：www.yldz.com.cn 传真：010-52270569 投资者邮箱：603267@yldz.com. ...

增长动力溯源：高毛利能持续多久？ 翻开利润表，最刺眼的数字无疑是45.49%的销售毛利率，以及同比25.14个百分点的惊人提升。 | 盈利能力指标 | | | | --- | --- | --- | | 销售净利率 | 15.54% | 42.44% | | 销售毛利率 | 45.49% | 25.14% | | 争资产收益率 | 5.14% | 69.08% | 2025年第三季度， 鸿远电子 交出了一份让多数同行瞩目的成绩单。2.22亿元的净利润，同比增长 75%，这犹如平静湖面投下的一颗巨石。而高达45.49%的销售毛利率，在制造业中更显得鹤立鸡群。 对于一家主营业务扎根于瓷介电容器、滤波器、微控制器等电子元器件的企业而言，如此之高的毛利率 水平，通常指向两种可能：一是产品具备极强的技术壁垒或市场独占性；二是成本控制达到了极致。 鸿远手握《武器装备科研生产许可证》和《装备承制单位注册证书》，其多层瓷介电容器国军标生产线 通过了严苛认证。 这解释了其产品的"护城河"——军工品质意味着更高的可靠性要求和更复杂的认证流程，自然能支撑更 高溢价。 公司积极参与商业航天领域标准制定，已占据一定市场份额，这或许是其 ...

Investment Rating - The report maintains an "Outperform" rating for the defense and military industry [5] Core Insights - The establishment of the Commercial Space Administration by the National Space Administration signifies a dedicated regulatory body for the commercial space industry, which is expected to drive high-quality development and benefit the entire industry chain [2][37] - The low-altitude economy is entering a phase of accelerated commercialization, with significant policy support and new product development, indicating a promising growth trajectory [3][36] - The defense and military sector is projected to experience sustained growth due to the execution of backlog orders from the 14th Five-Year Plan and the introduction of new orders under the 15th Five-Year Plan [3][38] Summary by Sections Market Review - The defense and military index rose by 2.85% last week, ranking 14th among 31 primary industries [1][13] - The current PE (TTM) for the defense and military sector is 77.60 times, with aerospace equipment at 305.61 times and military electronics at 106.55 times [1][22] Key Recommendations - Recommended companies include: 1. Downstream manufacturers: AVIC Chengfei, Hongdu Aviation, AVIC Shenyang, AVIC Xifei 2. New military technologies: Lianchuang Optoelectronics, Guangqi Technology, Zhongjian Technology 3. Underwater equipment: Yaxing Anchor Chain, Zhongke Haixun, Changying Tong 4. Missile industry chain: Feili Hua, Guoke Military Industry, Zhongbing Hongjian 5. Military titanium materials: Western Superconducting 6. Electronic components: Hongyuan Electronics, Aerospace Electric [4][40][41][42][43][44][45][46] Industry Dynamics - The National Space Administration's action plan for commercial space development aims for a significant expansion of the industry by 2027, enhancing innovation and resource utilization [2][37] - The low-altitude economy is being bolstered by new regulations and infrastructure developments, with a focus on safety and efficiency in low-altitude flight activities [3][34][36]

Core Viewpoint - The company is actively positioning itself in strategic emerging industries such as commercial aerospace and low-altitude economy, focusing on new market trends and continuously optimizing its business layout to strengthen its core competitiveness [1] Group 1 - The company is engaged in strategic emerging industries [1] - The company is closely monitoring dynamics and trends in new markets and fields [1] - The company aims to continuously optimize its business layout [1]

格隆汇11月27日丨鸿远电子(603267.SH)在互动平台表示，公司积极布局商业航天、低空经济等战略性 新兴产业领域，通过密切关注新市场、新领域的动态和趋势，持续优化业务布局，夯实核心竞争力。 ...