臻镭科技公告称，预计2025年归属于上市公司股东的净利润为1.23亿元-1.45亿元，同比增长 529.64%-642.26%。公司产品及技术主要应用于数据链、电子对抗、无线通信终端、新一代电台、相控 阵通信等特种领域，以及移动通信系统、卫星互联网等民用领域。受国内特种行业周期影响，特种集成 电路行业下游客户的产品需求有所增加，同时公司积极把握卫星通信领域市场机遇，市场拓展节奏稳步 加快，项目交付能力显著提升，整体推动了公司销售收入实现高速增长。 ...

格隆汇1月27日丨臻镭科技（维权）(688270.SH)公布，经财务部门初步测算，预计公司2025年年度实现 归属于母公司所有者的净利润为12,300.00万元到14,500.00万元，同比增加529.64%到642.26%。预计 2025年年度归属于母公司所有者的扣除非经常性损益的净利润为10,400.00万元到12,300.00万元，同比增 加3,678.27%到4,332.00%。 公司产品及技术主要应用于数据链、电子对抗、无线通信终端、新一代电台、相控阵通信等特种领域， 以及移动通信系统、卫星互联网等民用领域。受国内特种行业周期影响，特种集成电路行业下游客户的 产品需求有所增加，同时公司积极把握卫星通信领域市场机遇，市场拓展节奏稳步加快，项目交付能力 显著提升，整体推动了公司销售收入实现高速增长。报告期内，公司强化成本管控，经营费用有所下 降，运营效率与盈利能力得到了提升。 ...

证券代码：688270 证券简称：臻镭科技 公告编号：2026-003 （二）业绩预告情况 1. 经财务部门初步测算，预计浙江臻镭科技股份有限公司（以下简称"公 司"）2025 年年度实现归属于母公司所有者的净利润为 12,300.00 万元到 14,500.00 万元，与上年同期（法定披露数据）相比，将增加 10,346.51 万元到 12,546.51 万元，同比增加 529.64%到 642.26%。 2. 预计 2025 年年度归属于母公司所有者的扣除非经常性损益的净利润为 10,400.00 万元到 12,300.00 万元，与上年同期（法定披露数据）相比实现扭亏 为盈，将增加 10,690.64 万元到 12,590.64 万元，同比增加 3,678.27%到 4,332.00%。 （三）本次业绩预告数据未经注册会计师审计。 浙江臻镭科技股份有限公司 2025 年年度业绩预告 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。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 ...

Investment Rating - The report maintains a "Positive" investment rating for the defense and military industry [4] Core Insights - The management adjustment at China Star Network is expected to accelerate the commercialization of satellite internet, with plans to deploy 13,000 low-orbit satellites between 2026 and 2030 [11][12] - The commercial space industry is projected to achieve 50 launches in 2025, marking a significant turning point in 2026, driven by policy support and advancements in reusable rocket technology [13][16] - The report emphasizes continued optimism for commercial aerospace, large aircraft, new combat capabilities, and military trade as key growth areas [16] Summary by Sections Industry Overview - The defense and military industry is experiencing a positive trend, with a 4.37% increase in the industry index, outperforming the Shanghai and Shenzhen 300 index [18][19] Commercial Aerospace - The management changes at China Star Network reflect a strategic focus on fulfilling satellite constellation deployment goals, with a critical period from 2027 to 2029 for compliance with ITU regulations [12] - The rapid growth in commercial space launches is highlighted, with 50 launches expected in 2025, representing 54% of total space launches in China [13][15] Investment Opportunities - The report identifies several investment targets within the commercial aerospace sector, including: - Aerospace Electronics (600879, Buy) - National Science and Technology Military Industry (688543, Not Rated) - Aerospace Power (600343, Not Rated) [16] - The report also highlights potential in the large aircraft and military trade sectors, suggesting a broad development space for military enterprises [16]

流动性方面，卫星ETF鹏华盘中换手35.16%，成交3.07亿元，市场交投活跃。拉长时间看，截至1月23 日，卫星ETF鹏华近1年日均成交2.45亿元。 卫星ETF鹏华紧密跟踪中证卫星产业指数，中证卫星产业指数选取50只业务涉及卫星制造、卫星发射、 卫星通信、卫星导航、卫星遥感等领域的上市公司证券作为指数样本，反映卫星产业上市公司证券的整 体表现。 西部证券指出，全球商业航天正处于从"单星试验"向"万星组网"迈进的关键阶段。国际电信联盟 （ITU）对于卫星轨道和频段资源的申请使用有着严格的时间表，而当前我国两大星座卫星部署数量的 完成度仅约1%。未来几年我国将逐步掌握火箭回收+多次复飞技术，国内商业卫星发射有望迎来高速增 长。 截至2026年1月23日 15:00，卫星ETF鹏华(563790)上涨9.45%，最新价报1.37元。拉长时间看，截至2026 年1月23日，卫星ETF鹏华近1周累计上涨7.89%。 消息面上，在1月23日于北京举行的商业航天产教融合新生态论坛上，蓝箭航天朱雀三号总设计师张晓 东、星河动力智神星二号总设计师李君、中科宇航副总裁兼力箭一号火箭总设计师史晓宁罕见同台，分 别披露了朱雀三号 ...

Core Insights - The report emphasizes the ongoing prosperity in the commercial aerospace and military sectors, highlighting opportunities in overseas markets and the importance of technological advancements in the industry [2][3] Group 1: Industry Overview - The commercial aerospace sector is experiencing upward momentum, driven by SpaceX's advancements in reusable rocket technology, which could reduce space access costs by 100 times [13] - The military aviation sector is expected to benefit from increased demand for large aircraft and military trade, with significant growth anticipated in 2026 [14] - The report identifies a focus on supply chain reforms and the integration of AI technologies as key trends shaping the future of the defense and aerospace industries [15] Group 2: Investment Recommendations - The report recommends companies that align with the "S-curve" evolution, focusing on supply chain reforms and automation, including firms like航发动力 (Aero Engine Corporation) and 中航沈飞 (AVIC Shenyang Aircraft Corporation) [15] - Companies positioned for expansion in military trade and civil aviation, such as 国睿科技 (Guorui Technology) and 中国动力 (China Power), are highlighted for their growth potential [15] - Emerging industries like commercial aerospace, AI, and quantum computing are also recommended, with firms like 睿创微纳 (Ruichuang Micro-Nano) and 菲利华 (Feilihua) noted for their innovative capabilities [15] Group 3: Company Valuations and Financial Analysis - 航发动力 (Aero Engine Corporation) is projected to have a 2025E EPS of 0.22 CNY, with a PE ratio of 216.82 for 2025 [6] - 中航高科 (AVIC High-tech) is expected to achieve a 2025E EPS of 0.90 CNY, with a PE ratio of 29.16 for 2025 [6] - The report provides detailed financial metrics for various companies, indicating growth in EPS and improvements in PE ratios across the sector, reflecting a positive outlook for the defense and aerospace industries [6]

Market Overview - On January 23, A-shares saw a collective rise in the three major indices, with the Shanghai Composite Index up by 0.33% closing at 4136 points, the Shenzhen Component Index up by 0.79%, and the ChiNext Index up by 0.63% [1] High-Performance Stocks - Fenglong Co. achieved an 18-day consecutive rise, Jianghuai Microelectronics had a 5-day consecutive rise, and Jin'an Guoji recorded 4 rises in 7 days [3] Top Net Buy and Sell on Dragon and Tiger List - The top three net buying stocks were Goldwind Technology (9.38 billion), Zhenlei Technology (8.35 billion), and Jiejiacreat (5.38 billion) [4] - The top three net selling stocks were Liou Co. (10.36 billion), China Great Wall (5.96 billion), and Shenzhen South Circuit (6.82 billion) [5] Institutional Activity - Among stocks with institutional special seats, the top net buying stocks were Goldwind Technology (2.66 billion), Weichai Heavy Machinery (1.46 billion), and Hongbaoli (1.33 billion) [5] - The top net selling stocks with institutional special seats were Shenzhen South Circuit (3.69 billion), JinkoSolar (2.41 billion), and Fenglong Co. (1.62 billion) [5] Key Trading Stocks - Youli Intelligent rose by 16.09% with a turnover rate of 32.32% and a total transaction amount of 2.64 billion [9] - Maiwei Co. hit the daily limit with a turnover rate of 4.26% and a total transaction amount of 26.02 billion [9] - Jiugang Hongxing also hit the daily limit with a turnover rate of 3.80% and a total transaction amount of 4.73 billion [9] - Zhewen Interconnect reached the daily limit with a turnover rate of 23.15% and a total transaction amount of 40.44 billion [9] - Shenzhen South Circuit fell by 6.97% with a turnover rate of 2.27% and a total transaction amount of 37.73 billion [9] Strategic Collaborations and Innovations - Goldwind Technology is involved in commercial aerospace, wind power leadership, and green hydrogen ammonia, with market attention on SpaceX's IPO plans and Blue Arrow Aerospace's status change to "under inquiry" [6] - Dongfang Risen is focusing on space photovoltaic technology and has achieved a record in mass production power with its heterojunction components [7]

美股收盘：三大指数涨跌不一 纳指小幅上涨 英特尔暴跌17% 美东时间周五，美股三大指数涨跌不一，纳指与标普微涨，道指收跌。英特尔因业绩指引不佳股价暴跌 17%，英伟达等芯片股则提供支撑。美元指数持续走弱，黄金期货创历史新高，白银首破100美元关 口，严寒天气推动美国天然气价格单周暴涨70%。热门科技股与中概股表现分化。 "欧洲手握3.6万亿美债，被逼急了抛售一下？" 金融市场瞬息万变，投资与经济政策深刻影响全球。我们为您带来昨夜今晨的财经新闻，涵盖股市动 态、经济数据、企业财务和政策更新，帮助您全面把握金融世界。 面对美国关税施压，欧洲是否应抛售美债反制？法媒分析指出，欧洲持有约3.6万亿美元美债，占海外 总量40%，这被视为可向华盛顿施压的"王牌"。近期已有丹麦、瑞典养老基金因此减持美债。但分析也 认为，欧洲美债持有结构分散，协调抛售可能导致自身重大损失，故此举短期内实施困难，或仅在美方 采取更强硬手段时成为"核选项"。 外媒：高市早苗的一个大麻烦，出现了 日本首相高市早苗为巩固权力解散众议院并提前大选，其承诺的减税政策引发市场严重担忧。投资人因 恐政府债务加剧、偿债能力下降而大规模抛售日本国债，导致长期国 ...

从盘面上看，昨日个股层面表现活跃，全市场超3900只个股收盘飘红，超120只个股收获涨停。在消息 面的集中催化下，商业航天、太空光伏等航天相关题材掀涨停潮，成为活跃资金追逐的焦点。 商业航天概念在今年1月初连续大涨，随后在1月中旬出现高位回落。自1月22日开始，国内外商业航天 相关消息密集落地，带动航天题材再度走强，昨日个股再掀涨停潮。截至收盘，乾照光电、飞沃科技、 臻镭科技、德恩精工等多股收获20%幅度涨停；其中，飞沃科技、臻镭科技等股价再创历史新高。 消息面上，蓝箭航天的科创板IPO进程火速推进。继2025年12月31日IPO申请获受理后，1月22日晚间， 上交所官网显示，蓝箭航天科创板IPO审核状态变更为"已问询"。蓝箭航天是国内领先的商业航天企 业，公司此次采用科创板第五套标准申报上市，这意味着科创板第五套上市标准正式扩大至商业航天领 域。 海外方面，当地时间1月21日，SpaceX首席执行官埃隆·马斯克表示，SpaceX将在2027年前推出其第二代 蜂窝式"星链"系统。另一家美国私人航天公司蓝色起源则宣布，将布局由5408颗卫星组成的TeraWave卫 星通信网络，服务于企业、数据中心和政府用户，其 ...

1月23日，A股三大指数集体上涨，截至收盘，沪指涨0.33%报4136点，深证成指涨0.79%，创业板指涨 0.63%。 高位股方面 锋龙股份18连板，江化微5连板，金安国纪7天4板，白银有色4连板，汉商集团5天3板，巨力索具3连 板，山东赫达、浙文互联、康欣新材4天2板，沃格光电、中大矿业3天2板，宇晶股份、钧达股份、润贝 航科、西部材料2连板。 | 代码 | | 名称 | 溶脂 | 现价 | 换手 涨停分析 | 几天几板� | | --- | --- | --- | --- | --- | --- | --- | | 1 | 002931 | 锋龙股份 | +10.00% | 99.53 | 19.20% 优必选入主+机器人概念+... 18连板 | | | 2 | 603078 | 江化微 | +10.00% | 31.36 | 23.74% 上海国资入主+芯片材料+... 5连板 | | | 3 | 002636 | 金安国纪 | +10.00% | 25.63 | 11.20% 2025年报预增+覆铜板+PC ... 7天4板 | | | ঘ | 601212 | 白银有色 | +9.97% | 1 ...