国泰集团（603977.SH）2月24日在投资者互动平台表示，公司含能新材料生产线001线采用先进技术设 计建设，目前已完成联动试车，生产线已部分投料。含能新材料生产线003线正在进行工程设计和场平 工程。 每经AI快讯，有投资者在投资者互动平台提问：请问公司含能材料001线是否正式投产？003线进度如 何？ （文章来源：每日经济新闻） ...

中新社香港2月24日电 (记者 戴小橦)国泰集团24日公布的2026年1月运营数据显示，集团当月客货运业 务实现同比双增长，旗下国泰航空与香港快运共接载超330万人次，同比上升11%；国泰货运载货量逾 13万吨，按年增长5%。 2月24日，国泰集团表示，2026年1月，国泰航空与香港快运合共接载超330万人次，同比上升11%。图 为国泰航空有限公司的客机资料图。 中新社记者 李志华 摄 数据显示，国泰航空1月载运乘客人次达262.23万人次，同比增长11.5%。香港快运1月载客量超71.76万 人次，同比增长7.6%。 国泰集团表示，进入2月，客运增长势头持续向好。2月14日，国泰航空单日载客量首次突破10万人次， 接载100747名乘客；连同香港快运，集团当日共接载约12.8万人次。2月20日香港快运首次实现单日接 载超3万人次。(完) ...

（文章来源：证券日报） 证券日报网讯 2月24日，国泰集团在互动平台回答投资者提问时表示，公司含能新材料生产线001线采 用先进技术设计建设，目前已完成联动试车，生产线已部分投料。含能新材料生产线003线正在进行工 程设计和场平工程。 ...

（文章来源：证券日报） 证券日报网讯 2月24日，国泰集团在互动平台回答投资者提问时表示，公司依托下属子公司拓泓新材、 三石有色开展钽铌业务，其主要从事钽铌稀有金属湿法冶炼加工销售，产品基本覆盖市场上钽铌湿法冶 金主流产品。公司生产的钽铌化合物产品广泛应用于军工航天、电子信息、半导体、超导、特种钢材、 光学玻璃、三元电池等领域，客户遍布全国。近期，受供需格局变化及成本等因素影响，钽铌产品价格 短期呈现快速上行趋势。公司将密切关注市场动态，积极把握行业机遇，依托现有产能基础与技术优 势，持续提升产品附加值和核心竞争力，力争以稳健优异的经营业绩回报广大投资者。 ...

格隆汇2月24日丨国泰集团(603977.SH)在投资者互动平台表示，公司自身暂未直接持有钽铌相关矿产， 公司依托下属子公司拓泓新材与三石有色开展钽铌矿石的冶炼与加工。拓泓新材的主要产品为普通氧化 钽、氟钽酸钾、氧化铌，年产能500吨钽铌化合物，进一步制成钽粉、钽锭、铌锭后进入电子、硬质合 金、新能源等终端行业，拓泓新材的主要客户为钽铌氧化物的加工企业及终端行业的配套企业。三石有 色产品涵盖氟钽酸钾、普通氧化铌、普通氧化钽、独石氧化铌、高纯氧化铌、高纯氧化钽、超高纯氧化 铌、超高纯氧化钽等品种齐全的钽铌稀有金属产品，年产能1000吨钽铌氧化物。 钽、铌作为稀有金 属，应用领域广泛。其中，稀有金属钽主要应用于军工航天、电子信息、半导体、超导等高技术领域； 稀有金属铌则广泛应用于军工航天、特种钢材、光学玻璃、三元电池等重要行业。公司下游客户涵盖东 方钽业、宏达电子、振华科技、江丰电子、德清华莹等多家知名企业。 ...

以上内容基于公开资料整理，不构成投资建议。 经济观察网 国泰集团（603977）近7天股价呈现震荡走势，整体小幅上涨。截至2026年2月13日收盘， 股价报14.41元，近5日累计涨幅1.12%，但2月13日单日下跌1.44%，振幅达2.94%。资金方面，主力资金 近期呈净流入态势，2月10日净流入531.93万元，2月11日净流入721.70万元，近3日累计净流入1713.72 万元，反映短期资金关注度提升。技术面上，股价当前处于布林带中轨附近，20日压力位16.06元，支 撑位13.84元，MACD柱状图仍为负值，显示短期调整压力。 ...

Investment Rating - The report maintains a "Buy" rating for the aerospace and military industry, with specific recommendations for several companies [8][42]. Core Viewpoints - The report emphasizes the increasing uncertainty in international security, highlighting opportunities in military trade as countries ramp up defense spending. For instance, the U.S. has approved military sales worth $6.67 billion to Israel and $9 billion to Saudi Arabia, indicating a vibrant military trade market [11][12]. - The report suggests that China's military equipment demand is expected to grow, particularly in new domains and advanced weaponry, aligning with the "14th Five-Year Plan" [13][17]. - The military trade market is anticipated to remain active, with China positioned as a key supplier capable of providing comprehensive solutions [11][12]. Summary by Sections Industry Investment Rating - The aerospace and military industry is rated as "Buy" with a focus on specific companies such as AVIC Shenyang Aircraft Corporation, Guorui Technology, and others [8][42]. Key Companies - Recommended companies include: - AVIC Shenyang Aircraft Corporation (600760 CH) - Guorui Technology (600562 CH) - Western Superconducting Technologies (688122 CH) - Guotai Group (603977 CH) - Ruichuang Micro-Nano (688002 CH) - Steel Research and Testing (300797 CH) - Northern Navigation (600435 CH) - Gaode Infrared (002414 CH) - Aerospace Rainbow (002389 CH) - Aerospace Intelligent Manufacturing (300446 CH) [3][42]. Market Trends - The report notes a structural shift in military equipment demand, with a focus on new technologies such as unmanned systems and advanced weaponry. The "14th Five-Year Plan" is expected to drive significant growth in these areas [13][15][16]. - The military trade market is projected to grow, with China's market share expected to increase from 5.87% to a more competitive position as global military spending rises [17][18]. Performance Metrics - As of February 6, 2026, the Shenyuan Defense and Military Index has a PE (TTM) of 95.29, indicating a high valuation relative to historical levels [39][40].

Group 1 - The A-share market sees an expansion in the gains of gold concept stocks, with Hunan Silver hitting the daily limit, and Silver Nonferrous rising over 7% [1] - Fuda Alloy, Zijin Mining, and Yuguang Gold Lead all increased by over 4% [1] - Pengxin Resources and Guiyan Platinum Industry rose by over 3% [1]

Investment Rating - The report maintains an "Overweight" rating for the aerospace and defense sector [8] Core Insights - The aerospace and defense industry is expected to experience significant recovery and growth in 2025, with 30 out of 75 listed companies forecasting positive earnings growth compared to the previous year [11][12] - The report highlights structural opportunities in military equipment demand during the "14th Five-Year Plan" period, focusing on new domains, unmanned systems, advanced weaponry, and low-cost equipment [14][16] Summary by Sections Industry Performance - As of January 31, 2025, 75 out of 120 listed companies in the defense sector have disclosed earnings forecasts, with 30 companies expecting positive growth, 7 expecting positive but declining growth, 17 expecting losses but reduced compared to the previous year, and 21 expecting increased losses [11][12] Key Companies to Watch - Recommended companies include: - AVIC Shenyang Aircraft Corporation (600760 CH) - Guorui Technology (600562 CH) - Steel Research (300797 CH) - Guotai Group (603977 CH) - West Superconductor (688122 CH) - Ruichuang Micro-Nano (688002 CH) - Beifang Navigation (600435 CH) - Gaode Infrared (002414 CH) - Aerospace Intelligence (300446 CH) - Aerospace Rainbow (002389 CH) [3][8][9] Earnings Forecasts - Notable companies with significant earnings growth forecasts include: - Beimo High-Tech: 1169% growth due to product delivery and cost reduction [12] - Hailanxin: 509% growth from increased self-produced products [12] - *ST Chengchang: 452% growth driven by industry recovery [12] - Zhimin Da: 414% growth from increased demand in previously established product lines [12] - Aileda: 351% growth from increased military and civilian product demand [12] Long-term Outlook - The report emphasizes the importance of new equipment construction cycles and suggests focusing on new products and markets during the "14th Five-Year Plan" [14][16] - The military trade market is expected to grow, with China aiming to increase its market share in global military trade [17] Market Trends - The report notes a decline in the defense sector index by 7.69% over the past week, underperforming the broader market [28] - The current PE (TTM) for the defense sector is 95.23, indicating a high valuation compared to historical levels [36] Investment Opportunities - The report suggests that companies involved in unmanned systems, low-cost munitions, and military AI are likely to see significant growth opportunities [16][18] - The commercial aerospace sector is also highlighted as a growing area, with advancements in satellite internet and low-altitude economy [18][25]

Industry News - The Chinese government is no longer requiring real estate companies to report the "three red lines" indicators monthly, although some distressed firms must still report financial metrics to local authorities [4][5] - The price of Moutai liquor has surged to approximately 1600 yuan per bottle due to strong demand during the Spring Festival, with some distributors reporting that their January and February allocations have already sold out [4] - China Aerospace Science and Technology Corporation emphasized the need to successfully launch and recover its main rocket, focusing on breakthroughs in reusable technology [4] Company News - Industrial Fulian expects a net profit of 35.1 billion to 35.7 billion yuan for 2025, representing a year-on-year increase of 51% to 54% [8] - Keda Xunfei anticipates a net profit of 785 million to 950 million yuan for 2025, reflecting a growth of 40% to 70% year-on-year [10] - Hunan Silver forecasts a net profit of 285 million to 385 million yuan for 2025, indicating a year-on-year increase of 67.88% to 126.78% [12] - *ST Chengchang expects a net profit of 95 million to 124 million yuan for 2025 [8] - Macromicro Technology predicts a net profit of 193 million to 226 million yuan for 2025, showing a significant year-on-year increase of 745% to 889% [11] - Red Sun anticipates a net loss of 260 million to 390 million yuan for 2025, marking a shift from profit to loss [12]