每经AI快讯，国博电子2月25日晚间发布公告称，近日，公司收到中电科国微出具的《关于股份减持计 划实施结果的告知函》，截至2026年2月25日，中电科国微通过集中竞价和大宗交易方式合计减持公司 股份约1192万股，占公司总股本1.9997%；本次减持计划时间区间已届满，本次减持计划实施完毕。 每经头条（nbdtoutiao）——伤亡180万人！俄乌冲突四周年，陷入谈判死局、战场僵局、经济困局！谁 为战争买单 （记者 曾健辉） ...

证券代码：688375 证券简称：国博电子 公告编号：2026-005 南京国博电子股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 大股东持有的基本情况 本次减持计划实施前，股东中电科国微（天津）集成电路芯片合伙企业（有 限合伙）（以下简称"中电科国微"）直接持有南京国博电子股份有限公司（以下 简称"公司"）股份 92,010,301 股，占公司总股本的比例为 15.44%。 减持计划的实施结果情况 公司于 2025 年 11 月 5 日披露了《南京国博电子股份有限公司股东减持股份 计划公告》（公告编号：2025-042），中电科国微拟通过集中竞价或大宗交易方式 减持其持有的公司股份合计不超过 11,920,298 股，即不超过公司总股本 2.00%。 近日，公司收到中电科国微出具的《关于股份减持计划实施结果的告知函》， 截至 2026 年 2 月 25 日，中电科国微通过集中竞价和大宗交易方式合计减持公司 股份 11,918,749 股，占公司总股本 1.9 ...

格隆汇2月25日丨国博电子(688375.SH)公布，近日，公司收到中电科国微出具的《关于股份减持计划实 施结果的告知函》，截至2026年2月25日，中电科国微通过集中竞价和大宗交易方式合计减持公司股份 1191.87万股，占公司总股本1.9997%；本次减持计划时间区间已届满，本次减持计划实施完毕。 ...

格隆汇2月25日丨国博电子(688375.SH)公布，近日，公司收到中电科国微出具的《关于股份减持计划实 施结果的告知函》，截至2026年2月25日，中电科国微通过集中竞价和大宗交易方式合计减持公司股份 1191.87万股，占公司总股本1.9997%；本次减持计划时间区间已届满，本次减持计划实施完毕。 ...

商业航天迎来多重利好，国内方面，中国商业航天企业代表蓝箭航天宣布，我国重复使用火箭朱雀三号 计划今年第二季度再次开展回收试验。这一计划若顺利推进，将加速可重复使用火箭系统的成熟进程， 为中国商业航天领域树立新的里程碑。海外方面，SpaceX首席执行官马斯克设想从月球电磁弹射AI卫 星，以支持AI等高性能计算需求。 上个马年沪指涨近60%！新年新福利来了，炒股排面要拉满，新号启幸运>> 截至2026年2月25日 13:56，中证卫星产业指数(931594)强势上涨3.21%，成分股航天电子上涨6.65%，新 雷能上涨5.37%，航天环宇上涨4.91%，信科移动，铂力特（维权）等个股跟涨。卫星ETF鹏华(563790) 上涨2.87%，最新价报1.18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。 数据显示，截至2026年1月30日，中证卫星产业指数(931594)前十大权重股分别为航天电子、中国卫 星、臻镭科技（维权）、中国卫通、中科星图、国博电子、华测导航 ...

航空航天ETF（159227）：规模位居同类第一，紧密跟踪国证航天指数，成分股覆盖战斗机、航空发动 机、火箭、导弹、卫星、雷达等全产业链龙头，完美契合"空天一体"的战略方向，涵盖大飞机、商业航 天、低空经济等新兴领域，商业航天含量高达69.65%。前十大重仓股中包含了航天发展、中国卫星、 航天电子、中航机载、中航高科等行业龙头。 （文章来源：每日经济新闻） 此前，在长征十号运载火箭系统低空演示验证与梦舟载人飞船系统最大动压逃逸飞行试验中，梦舟载人 飞船成功实施最大动压逃逸并在海上安全溅落。这是我国首次在海上实施载人飞船搜索回收任务，为后 续空间站应用与发展任务和载人登月任务积累了重要经验。 东吴证券表示，近期，中国在可回收火箭领域取得了技术突破与试验进展，我国航天产业距离"低成 本、高复用"越来越近。中国可回收火箭技术突破，不仅是航天产业内部的成本革命与技术升级，更是 国家战略安全、高端制造升级与全球竞争格局重塑的重要支点。长期来看，将推动我国从航天大国向航 天强国跨越，为我国在新一轮科技革命与产业变革中抢占先机提供重要支撑。 2月25日，A股三大指数集体上涨，商业航天板块午后强势拉升。截至13:51，航空航 ...

| 交易日期 | 证券简称 | 证券代码 | | | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | 2026-02-24 | 国博电子 | 688375 | 101.49 | 588.64 | 5.8 | 机构专用 | 机构专用 | | 2026-02-24 | 国博电子 | 688375 | 101.49 | 294.32 | 2.9 | 中信址分校位有限 | 机构专用 | | 2026-02-24 | 国博电子 | 688375 | 101.49 | 274.02 | 2.7 | 有限公司北青望崇 | 机构专用 | | 2026-02-24 | 国博电子 | 688375 | 101.49 | 202.98 | 2 | 公司佛山南海永胜 | 机构专用 | 2月24日，国博电子大宗交易成交13.4万股，成交额1359.96万元，占当日总成交额的1.61%，成交价101.49元，较市场收盘价114.68元折价11.5%。 ...

Investment Rating - The report maintains a "Positive" outlook for the defense and military industry [4] Core Insights - The focus is on increasing allocations in the large aircraft and military trade sectors, with expectations for growth in these areas due to geopolitical events and advancements in core technologies [8] - The large aircraft sector is expected to see accelerated development, particularly with the C919 aircraft, as key components are set to achieve certification and production targets [11][12] - Military trade is anticipated to benefit from heightened defense spending in the Middle East due to regional tensions, with expectations for increased market share for Chinese military exports [12] - The commercial aerospace sector is viewed positively for the first half of the year, despite recent adjustments and lower-than-expected launch activities [13] - Domestic demand in the military sector is expected to recover, with potential for exceeding current market pessimism as the "14th Five-Year Plan" progresses [14] Summary by Sections 1.1 Large Aircraft - The report highlights that the current market has low expectations for the large aircraft sector, particularly regarding the C919's delivery volumes. However, advancements in engine and onboard systems are expected to accelerate, potentially leading to a faster-than-expected development pace in the next two years [11][12] 1.2 Military Trade - The report notes that escalating tensions in the Middle East are likely to increase defense spending and military imports in the region. China's military trade share is expected to rise as countries diversify their defense procurement sources [12] 1.3 Commercial Aerospace - Despite recent adjustments in the commercial aerospace sector, the report maintains a positive outlook for investment opportunities in leading companies, particularly in satellite manufacturing and related technologies [13] 1.4 Domestic Military Demand - The report suggests that the market has been overly pessimistic regarding domestic demand recovery. It anticipates that as geopolitical uncertainties rise and the "14th Five-Year Plan" is implemented, demand in the military sector may recover faster than expected [14] 1.5 Investment Recommendations - The report recommends actively investing in core targets within the large aircraft and military trade sectors, while monitoring the commercial aerospace sector for potential catalysts. Specific companies are highlighted for investment consideration [16]

Core Insights - The report indicates a cautiously optimistic outlook for February, with the index expected to remain stable and oscillate around the high and low points of January, suggesting a controlled approach to position management during the holiday season [3][8] - The mid-cap blue-chip style is expected to continue, with a focus on adjusting positions rather than passive defense, particularly in the livestock and chemical sectors [3][8] Market Strategy - The index is showing a slightly strong oscillation, with market sentiment indicating a lower risk appetite compared to the previous week, leading to rapid sector rotations [3][8] - Recommendations include controlling positions to avoid uncertainties during the holiday while being prepared for potential liquidity recovery post-holiday [3][8] Industry Strategy - In the agriculture sector, pig inventory is at a low point, with price bottoms being tested ahead of the holiday, indicating a potential recovery in market sentiment regarding pig prices [5][8] - The report highlights that the average weight of pigs post-slaughter has dropped to approximately 88.3 kg, suggesting limited downside for pig prices, with expectations for a price turning point in Q2 2026 [5][8] Thematic Strategy - The military industry is highlighted for its potential due to the resonance of domestic and international demand, with significant growth opportunities anticipated in unmanned and deep-sea technologies, as well as in military trade markets [6][8] - The report emphasizes the importance of the "14th Five-Year Plan" for the military sector, which is expected to clarify new equipment construction plans and enhance investment opportunities [6][8]

Core Insights - The report indicates a cautiously optimistic outlook for February, with the index expected to stabilize and oscillate around the highs and lows of January, suggesting a controlled approach to position management during the holiday season [3][8] - The mid-cap blue-chip style is expected to continue, with a focus on adjusting positions rather than passive defense, particularly in the agricultural and chemical sectors [3][8] Industry Strategy - In the agricultural sector, the report highlights that pig inventory is at a low point, with price bottoms being tested ahead of the holiday season. The market's pessimistic expectations regarding pig prices are seen as overestimated, with a potential recovery in prices anticipated as inventory levels stabilize [5][8] - The report notes that the average weight of pigs post-slaughter has dropped to approximately 88.3 kg, indicating limited downward price movement potential. The report predicts a price turning point in Q2 2026, with the average price for the year expected to exceed market expectations [5][8] - The report emphasizes the military industry, highlighting the resonance of domestic and international demand, with significant investment opportunities anticipated as the "14th Five-Year Plan" unfolds, particularly in unmanned and deep-sea technologies [6][8] Related Investment Opportunities - Recommended stocks in the agricultural sector include Muyuan Foods (002714), Wens Foodstuff Group (300498), and Haida Group (002311), with a buy rating suggested [5][8] - In the military sector, recommended stocks include Huaxin Technology (688281) and Guobo Electronics (688375), with a buy rating suggested [6][8]