证券代码：688375 证券简称：国博电子 南京国博电子股份有限公司 简式权益变动报告书 上市公司名称：南京国博电子股份有限公司 上市地点：上海证券交易所 股票简称：国博电子 股票代码：688375 信息披露义务人：南京芯锐股权投资合伙企业（有限合伙） 公司住址：南京市江宁经济技术开发区正方中路166号 通讯地址：南京市江宁经济技术开发区正方中路166号 股份变动性质：股份减持、持股比例降至5%以下 签署日期：2025年5月23日 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》（以下简称" 《证券法》"）、《上市公司收购管理办法》（以下简称"《收购管理办法》"）、 《公开发行证券的公司信息披露内容与格式准则第15号——权益变动报告书》（以 下简称"《准则15号》"）等相关法律法规编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违反 信息披露义务人章程或内部规则的任何条款，或与之冲突。 三、依据《证券法》《收购管理办法》《准则15号》的规定，本报告书已全面 披露信息披露义务人在南京国博电子股份有限公司拥有权益的股份变动情况。截至 本报告书签署之日，除本报告书 ...

航空航天ETF（159227）跟踪国证航天指数，指数高集中度覆盖中国军工领域核心公司，涵盖大飞机、 低空经济等新业态。指数申万一级行业中军工行业占比达99.2%，相较于中证军工、中证国防指数，国 证航天的指数集中度更高，在航空装备、航天装备领域的占比更高，国证航天指数的航空航天装备权重 占比高达73%，远高于中证军工（40%）和中证国防指数（53%）。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 消息面上，据证券时报，即将过去的这个周末，涉及军工的利好消息不断。其中，中国证监会5月16日 发布实施修订后的《上市公司重大资产重组管理办法》。此次《重组管理办法》的主要修改内容包括： 建立重组股份对价分期支付机制，提高对财务状况变化、同业竞争和关联交易监管的包容度，新设重组 简易审核程序，明确上市公司之间吸收合并的锁定期要求，鼓励私募基金参与上市公司并购重组等。市 场认为，这对于重组股来说可能是重大利好。而军工板块向来是重组的集中地。 华福证券表示，再次强调军工具备超强内贸属性，且国际形势对我国军工强实力的验证或为军贸奠定长 逻辑基础，2025-2027年在多 ...

Investment Rating - The report assigns an "Accumulate" rating to the company, indicating a potential increase of 5% to 15% relative to the CSI 300 index over the next six months [28]. Core Insights - The company, Guobo Electronics (688375), reported a revenue of 2.59 billion yuan for 2024, a year-on-year decrease of 27.4%, and a net profit of 485 million yuan, down 20.1% year-on-year [7][8]. - The first quarter of 2025 saw a significant decline in revenue, with 350 million yuan, representing a 49.51% year-on-year drop, and a net profit of 57.53 million yuan, down 52.37% year-on-year [7][8]. - Despite the short-term performance pressure, the company anticipates growth driven by military and potential military trade demands as the 14th Five-Year Plan concludes [13]. Summary by Sections Financial Performance - In 2024, the company's gross margin was 38.59%, an increase of 6.31 percentage points year-on-year, while the net margin rose to 18.7%, up 1.7 percentage points [9]. - The revenue from T/R components and RF modules decreased by 30.99% to 2.13 billion yuan, accounting for 89.99% of total revenue, while RF chip revenue increased by 33.46% to 170 million yuan [11]. Business Segments - The T/R component and RF module business faced a revenue decline, while the RF chip segment showed significant growth, indicating a shift in product demand [8][11]. - The company is focusing on expanding its terminal market, with RF chip products already being supplied to several well-known terminal manufacturers [8]. Future Outlook - The company forecasts revenues of 3.06 billion yuan, 3.90 billion yuan, and 4.68 billion yuan for 2025, 2026, and 2027, respectively, with corresponding net profits of 603 million yuan, 787 million yuan, and 963 million yuan [14]. - The anticipated recovery in military demand and potential military trade opportunities are expected to catalyze the company's growth in the coming years [13].

Group 1: Market Performance - The three major indices experienced fluctuations and declines, with the aerospace and defense sector showing some pullback, as evidenced by a 0.58% drop in the Guozheng Aerospace Index [1] - Over the recent trading period from April 30 to May 13, the Guozheng Aerospace Index has accumulated a gain of over 9% [1] - Among the constituent stocks, Changcheng Military Industry rose over 3%, while Guobo Electronics, Zhongzhi Co., and Guoke Military Industry also saw gains [1] Group 2: ETF Launch - The Tianhong Aerospace ETF (subscription code: 159241) is currently being issued, with a fundraising cap of 5 billion yuan, running from May 6 to May 16 [1] - This ETF tracks the Guozheng Aerospace Industry Index, which comprises securities from the aerospace sector listed on the Shanghai and Shenzhen stock exchanges [1] - The index reflects the overall performance of the aerospace sector in China, focusing on core companies in the military industry, aviation, aerospace, and low-altitude economy [1] Group 3: Industry Developments - Recent favorable policies for commercial aerospace have led to increased investments and advancements in technology, creating new opportunities for listed companies in the industry [2] - Companies like Zhuhai Hangyu Micro Technology have successfully integrated self-developed AI chips into commercial satellites, while Shaanxi Zhongtian Rocket Technology is enhancing collaboration with commercial aerospace firms [2] - Analysts suggest that with external disturbances diminishing, market risk appetite is improving, particularly in the big tech sector, emphasizing artificial intelligence, defense, and robotics [2] Group 4: Market Sentiment - Recent reports indicate that the military industry is experiencing a recovery in market sentiment, with increased trading volumes and a positive outlook for the sector [2] - The military trade and commercial aerospace sectors, along with themes like low-altitude economy and deep-sea technology, are expected to see continued development and engagement [2] - The military industry's fundamentals are anticipated to improve, contributing to a sustained positive market environment for an extended period [2]

证券代码：688375 证券简称：国博电子 公告编号：2025-017 南京国博电子股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证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、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 5 月 8 日 （二） 股东大会召开的地点：南京市江宁经济技术开发区正方中路 155 号 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 76 | | --- | --- | | 普通股股东人数 | 76 | | 2、出席会议的股东所持有的表决权数量 | 366,494,017 | | 普通股股东所持有表决权数量 | 366,494,017 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例（%） | 61.4907 | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 61.4907 | 重要内容提示： 本次会议是否有被否决议案：无 （四） 表决方式是否符合《公司法 ...

南京市鼓楼区集庆门大街 270 号苏宁环球国际中心 43 层 电话：025-85803866 传真：025-85803680 邮编：210003 北京国枫（南京）律师事务所 关于南京国博电子股份有限公司 2024 年年度股东大会的 法律意见书 国枫律股字[2025]H0016 号 致：南京国博电子股份有限公司（贵公司） 北京国枫（南京）律师事务所（以下简称"本所"）接受贵公司的委托，指派律师 出席并见证贵公司 2024 年年度股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东大会规则》（以下简 称"《股东大会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券 法律业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证 券法律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《南京国博电子 股份有限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的召集与召开程 序、召集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具本法律意 ...

Industry Investment Rating - The investment rating for the defense and military industry is "Outperform the Market" and is maintained [1]. Core Viewpoints - The report highlights the recent escalation of conflict between India and Pakistan, which has implications for military trade opportunities [4][5]. - Pakistan is identified as a significant market for Chinese military exports, accounting for approximately 60% of China's military trade exports from 2019 to 2023 [5]. - The report emphasizes the need for state-owned military enterprises to enhance their international competitiveness, suggesting that there is substantial room for growth in revenue and profit margins compared to international military giants [6]. - Key listed companies in the defense sector include Guorui Technology, AVIC Chengfei, Aerospace Nanhua, Guobo Electronics, Leidian Weili, Zhong无人机, and Aerospace Rainbow [6]. Summary by Relevant Sections Industry Basic Situation - Closing point: 1439.46 - 52-week high: 1712.48 - 52-week low: 1113.62 [1]. Recent Research Reports - The report references a recent publication indicating that 20 out of 62 military listed companies reported year-on-year growth in their Q1 2025 earnings [4].

Group 1 - The Central State-Owned Enterprises Technology Leading Index (932038) has seen a strong increase of 2.05%, with notable gains in constituent stocks such as AVIC Chengfei (302132) up 19.31%, Aerospace Rainbow (002389) up 10.02%, and Guobo Electronics (688375) up 8.53% [1] - The Central State-Owned Enterprises Technology Leading ETF (562380) has also risen by 2.36%, marking its third consecutive increase, with the latest price reported at 0.87 yuan [1] - Over the past year, the Central State-Owned Enterprises Technology Leading ETF has accumulated a total increase of 9.14%, with an average daily trading volume of 709.56 million yuan [1] Group 2 - China's defense budget has maintained an increase of around 7%, with defense spending accounting for less than 1.5% of GDP, which is below the average level of major military powers [2] - There is significant growth potential for China's defense spending, which is expected to outpace GDP growth in the long term [2] - The military industry is anticipated to emerge from a two-year period of stagnation, entering a phase of performance improvement and valuation enhancement, particularly in advanced fighter jets, low-altitude economy, domestic large aircraft, satellite internet, and deep-sea technology sectors [2]

10只科创板股大宗交易平台4月29日发生交易，合计成交2.09亿元。 证券时报·数据宝统计显示，4月29日共有10只科创板股发生大宗交易，合计成交21笔，累计成交量 611.49万股，成交额合计2.09亿元。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 统计显示，成交金额最多的是派能科技，大宗交易成交量为305.63万股，成交金额1.22亿元；其次是国 博电子、悦安新材，大宗交易金额分别为3311.27万元、1405.30万元。（数据宝） （文章来源：证券时报网） 科创板股4月29日大宗交易概况 | 代码 | 简称 | 成交笔 | 大宗交易数量 | 平均成交价格 | 相对收盘价折溢价 | 大宗交易金额 | | --- | --- | --- | --- | --- | --- | --- | | | | 数 | （万股） | （元） | （%） | （万元） | | 688063 | 派能科 技 | 1 | 305.63 | 40.00 | -1.60 | 12225.20 | | 688375 | 国博电 子 | 7 | 71.75 | 46.15 | -6.90 | 3311.27 | ...

证券代码：688375 证券简称：国博电子 公告编号：2025-016 南京国博电子股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的 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： 会议召开时间：2025 年 5 月 12 日（星期一）15:00-16:00； 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/）； 会议召开方式：上证路演中心视频录播和网络互动； 投资者可于 2025 年 4 月 30 日（星期三）至 5 月 9 日（星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 support@gbdz.net 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 南京国博电子股份有限公司（以下简称"公司"）已于 2025 年 4 月 11 日发 布公司 2024 年年度报告及其摘要，已于 2025 年 4 月 18 日发布公司 ...