| 证券代码：688002 | 证券简称：睿创微纳 公告编号：2026-001 | | --- | --- | | 转债代码：118030 | 转债简称：睿创转债 | 烟台睿创微纳技术股份有限公司 关于可转债转股结果暨股份变动的公告 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、准确性和完整性依法承担法律责 任。 重要内容提示： 二、可转债本次转股情况 本次发行的可转债转股期限自发行结束之日（2023 年 1 月 6 日，T+4 日）起 满六个月后的第一个交易日（2023 年 7 月 6 日）起至可转债到期日（2028 年 12 月 29 日）止（如遇法定节假日或休息日延至其后的第 1 个工作日；顺延期间付 息款项不另计息）。 自 2025 年 10 月 1 日起至 2025 年 12 月 31 日，"睿创转债"共有人民币 22,000 元已转换为公司股票，转股数量为 561 股，占"睿创转债"发行总额的 0.01%。 一、可转债发行上市概况 根据中国证券监督管理委员会出具的《关于同意烟台睿创微纳技术股份有限 公司向不特定对象发行可转换公司债券注册的批复 ...

Core Insights - The report emphasizes the positive outlook for domestic demand, which is expected to drive the development of new productive forces, as highlighted by the national financial work conference held on December 27-28, 2025 [5][13] - The aerospace sector continues to show high prosperity, with the China Aerospace Science and Technology Corporation achieving a record 73 space launch missions in 2025 [5][14] - The report recommends focusing on companies that align with the "S-curve" evolution, emphasizing supply chain reform, maintenance volume, and trends towards automation and intelligence [5][15] Industry Overview - The defense and aerospace industry is experiencing a significant increase in investment, with a focus on new productive forces and comprehensive human development [5][13] - The report notes the successful IPO acceptance of Blue Arrow Aerospace, which aims to raise 7.5 billion CNY, indicating strong market interest in commercial aerospace ventures [5][14] - The report identifies three key cycles within the industry: the evolution of the "S-curve," expansion of the "S-curve," and a new cycle focusing on emerging industries such as commercial aerospace, AI, and quantum computing [5][15] Company Recommendations - Recommended companies include: - **Aero Engine Corporation of China** (航发动力): Benefiting from high-end aviation equipment production and potential for domestic engine replacement in the civil aviation market [5][21] - **AVIC Xi'an Aircraft Industry Group** (中航西飞): A major manufacturer of military and civil aircraft, expected to benefit from modernization and military trade opportunities [5][22] - **China Power** (中国动力): Positioned to benefit from the recovery of the shipbuilding industry and the transition to dual-fuel engines [5][26] - **Aero Engine Control** (航发控制): Engaged in the production of control systems for military and civil aviation engines, with a strong competitive position [5][21] - **Ziguang Guowei** (紫光国微): Focused on the semiconductor industry with a strong emphasis on domestic market growth and AI integration [5][18] Financial Analysis - The report provides detailed financial metrics for key companies, including expected earnings per share (EPS), price-to-earnings (PE) ratios, and return on equity (ROE) for 2025 and 2026 [6] - For example, **航发动力** is projected to have an EPS of 0.34 CNY in 2026 with a PE ratio of 117.74 [6] - **中航重机** is expected to achieve a net profit of 11.21 billion CNY in 2025, with a dynamic PE ratio of approximately 28X [5][24] Market Performance - The report notes that the China Securities Military Industry Index has shown a weekly increase of 2.90%, outperforming major indices such as the Shanghai Composite and Shenzhen Component [5][34] - Year-to-date, the military industry index has increased by 42.34%, indicating strong market performance relative to other sectors [5][34]

Group 1 - The core viewpoint of the news highlights the growth and performance of the Sci-Tech Innovation Board 100 Index and its ETF, indicating a positive trend in the market [1][3] - As of December 30, 2025, the Sci-Tech 100 Index ETF has seen a cumulative increase of 3.91% over the past week, with a current price of 1.39 yuan [1] - The ETF has recorded a trading volume of 2.94 billion yuan, with a turnover rate of 4.49% [1] Group 2 - The National Development and Reform Commission emphasizes the rapid growth and innovation in the demand for AI computing chips, supported by the "AI+" initiative [1] - The Ministry of Industry and Information Technology has issued a plan to accelerate the digital transformation of the automotive industry, integrating AI technologies into various operational aspects [2] - The "14th Five-Year Plan" outlines a clear direction for industrial development, focusing on technological innovation and advanced manufacturing as key drivers of economic transformation [2] Group 3 - The latest scale of the Sci-Tech 100 Index ETF has reached 6.539 billion yuan, marking a one-month high, with a total of 4.737 billion shares [3] - The ETF has experienced continuous net inflows over the past four days, totaling 364 million yuan, with an average daily net inflow of approximately 9.11 million yuan [3] - The top ten weighted stocks in the Sci-Tech 100 Index account for 26.72% of the index, with notable companies including Huahong Semiconductor and BeiGene [3]

Group 1 - The core viewpoint of the articles highlights the positive outlook for the semiconductor sector driven by government policies, technological advancements, and market dynamics [1][2] - The upcoming two sessions and the "14th Five-Year Plan" are expected to enhance investment in emerging industries like integrated circuits, with a focus on technological self-reliance [1] - The implementation of national standards for large models marks a new phase of industry standardization, with increasing demand for computing power and accelerated AI model iterations [1] Group 2 - The semiconductor equipment market is projected to grow significantly, with sales expected to increase by 13.7% by 2025, driven by AI [2] - The storage sector is experiencing strong demand, as evidenced by Micron's better-than-expected performance, indicating a robust recovery in storage needs [2] - The focus on domestic semiconductor production and the shift towards AI-driven applications are expected to create substantial growth opportunities in various segments, including storage, analog chips, and automotive electronics [2]

中国卫星、信科移动、有研粉材盘中创新高，中超控股3连板，雷科防务、宏英智能2连板，航天发展、 信维通信、天银机电、睿创微纳跟涨。 中国卫星、信科移动、有研粉材盘中创新高，中超控股3连板，雷科防务、宏英智能2连板，航天发展、 信维通信、天银机电、睿创微纳跟涨。 (本文来自第一财经) (本文来自第一财经) ...

值得关注的是，目前已有至少10家商业航天企业启动IPO进程，其中5家为运载火箭企业，包括蓝箭航天、星际荣耀等。A股多家上市公司已通过直接或间接 方式参投相关企业。 开源证券指出，随着商业火箭企业第五套上市标准要求的细化以及商业航天资本化进程全面提速，中国商业航天产业已进入"资本赋能+技术突破+规模扩 张"的黄金发展期。 | 序号 | 代码 | 名称 | 现价 | 涨跌幅 | | | --- | --- | --- | --- | --- | --- | | 1 | 300782 | 卓胜微 | 84.75 | 11.18% | 25.29亿 | | 2 | 601698 | 中国卫通 | 33.00 | 10.00% | 55.78亿 | | 3 | 600118 | 中国卫星 | 94.09 | 6.92% | 89.31亿 | | 4 | 688002 | 睿创微纳 | 98.51 | 5.02% | 5.38亿 | | 5 | 688375 | 国博电子 | 85.30 | 4.70% | 4.95 Z | | 6 | 300136 | 信维通信 | 53.68 | 4.54% | 67.00亿 | | ...

Core Viewpoint - The company has successfully integrated its infrared thermal imaging systems into the automotive sector, particularly in high-level autonomous driving applications, and is actively pursuing further collaborations for research and development [2] Group 1: Product Applications - The company's infrared products are currently utilized in both passenger and commercial vehicles [2] - The infrared systems have been deployed in the world's first mass-produced L4-level Robotaxi model, developed in collaboration with Didi and GAC Aion [2] Group 2: Research and Development - The company is engaged in ongoing collaborations with major manufacturers, Tier 1 suppliers, and autonomous driving firms to enhance the development and promotion of its products [2] - There is a suggestion from investors for the company to strengthen research and promotion of infrared systems in public transportation and accelerate development for L3 and L4 autonomous driving systems [2]

Core Viewpoint - The company has successfully launched the world's first infrared Automatic Emergency Braking (AEB) system, currently installed in the Zeekr 9X model, and is actively promoting this technology to other car manufacturers and models [2] Group 1 - The infrared AEB system is currently featured in the Zeekr 9X, marking a significant milestone in the company's product offerings [2] - The company is focused on expanding the market presence of its infrared products beyond the Zeekr 9X to other vehicle manufacturers and models [2]

Group 1 - The A-share market saw a majority of semiconductor stocks rise, with Zhenlei Technology increasing by over 16% [1] - Hengshuo Co. experienced a rise of over 14% [1] - Fudan Microelectronics and Chengdu Huami both rose by over 13% [1] Group 2 - Changchuan Technology increased by nearly 9% [1] - Jingfeng Mingyuan saw an increase of over 7% [1] - Beijing Junzheng and Hongwei Technology both rose by over 6% [1] Group 3 - Juxin Technology increased by over 5% [1] - Hangyu Micro, Ruichuang Weina, Xindong Linke, Yandong Micro, and Yuanjie Technology all rose by over 4% [1]

Group 1 - The core viewpoint of the news is that the STAR 100 Index and its ETF are experiencing significant upward momentum, driven by a new wave of price increases in the semiconductor sector and strong market performance in technology-related stocks [1][2]. Group 2 - As of December 25, 2025, the STAR 100 Index rose by 1.45%, with component stock Ruichuang Micro-Nano increasing by over 4% [1]. - The STAR 100 Index ETF (588030) also saw a rise of 1.40%, marking its fifth consecutive increase, with a latest price of 1.37 yuan [1]. - Over the past week, the STAR 100 Index ETF has accumulated a rise of 3.75% [1]. - The liquidity of the STAR 100 Index ETF showed a turnover rate of 1.53% during the trading session, with a transaction volume of 93.0371 million yuan [1]. - The average daily transaction volume of the STAR 100 Index ETF over the past year was 3.32 billion yuan [1]. - A new round of price increases in the semiconductor sector has begun, with companies like SMIC and World Advanced announcing price hikes of around 10% for downstream customers, particularly in the BCD process platform [1]. - Major memory suppliers such as Samsung Electronics and SK Hynix have raised HBM3E prices by nearly 20% for the upcoming year [1]. - The STAR 100 Index ETF's latest scale reached 6.054 billion yuan, marking a one-month high [2]. - In the past two weeks, the STAR 100 Index ETF's shares increased by 10.5 million shares, indicating significant growth [2]. - The STAR 100 Index ETF experienced a net outflow of 16.1392 million yuan recently, but has attracted a total of 144 million yuan over the last ten trading days [2]. - The STAR 100 Index consists of 100 securities selected from the STAR Market based on market capitalization and liquidity, reflecting the overall performance of different market capitalization companies [2]. - As of November 28, 2025, the top ten weighted stocks in the STAR 100 Index accounted for 26.72% of the index, including companies like Huahong Semiconductor and BeiGene [2].