证券之星消息，根据天眼查APP数据整理，近日，江苏聚能防务科技有限公司成立，法定代表人为黄正 祥，注册资本1353.153万元，经营范围包含：一般项目：技术服务、技术开发、技术咨询、技术交流、 技术转让、技术推广；企业管理咨询；以自有资金从事投资活动；工程和技术研究和试验发展；通用设 备制造（不含特种设备制造）；专用设备制造（不含许可类专业设备制造）；机械设备研发；机械设备 销售；机械电气设备制造；机械电气设备销售；工业控制计算机及系统制造；工业控制计算机及系统销 售；金属加工机械制造；机械零件、零部件加工；机械零件、零部件销售；金属表面处理及热处理加 工；金属材料销售；模具制造；模具销售；电子产品销售；物业管理；非居住房地产租赁（除依法须经 批准的项目外，凭营业执照依法自主开展经营活动）。天眼查APP股权穿透显示，该公司由国科军工、 贾鑫、南京聚能防务科技合伙企业（有限合伙）等共同持股。 数据来源：天眼查APP 证券之星消息，根据天眼查APP数据整理，近日，江苏聚能防务科技有限公司成立，法定代表人为黄正 祥，注册资本1353.153万元，经营范围包含：一般项目：技术服务、技术开发、技术咨询、技术交流、 技术 ...

Market Overview - The ground equipment sector increased by 0.02% on December 31, with North Navigation leading the gains [1] - The Shanghai Composite Index closed at 3968.84, up 0.09%, while the Shenzhen Component Index closed at 13525.02, down 0.58% [1] Stock Performance - North Navigation (600435) closed at 15.42, up 2.80% with a trading volume of 783,100 shares and a turnover of 1.194 billion yuan [1] - Inner Mongolia First Machinery (600967) closed at 16.80, up 1.82% with a trading volume of 425,900 shares and a turnover of 709 million yuan [1] - Galaxy Electronics (002519) closed at 6.48, up 1.41% with a trading volume of 1,718,400 shares and a turnover of 1.113 billion yuan [1] - Other notable stocks include China Ordnance (000519) at 18.21 (+1.39%), and Ganhua Science and Technology (000576) at 10.53 (+1.25%) [1] Capital Flow - The ground equipment sector experienced a net outflow of 93.73 million yuan from institutional investors and 80.86 million yuan from retail investors, while retail investors saw a net inflow of 175 million yuan [2] - The detailed capital flow for key stocks shows that Inner Mongolia First Machinery had a net inflow of 97.18 million yuan from institutional investors, while North Navigation had a net inflow of 61.32 million yuan [3] - Conversely, stocks like ST Emergency (300527) and Jiekang Equipment (300875) faced net outflows from institutional and retail investors [3]

风险提示：军工ETF华宝被动跟踪中证军工指数，该指数基日为2004.12.31，发布于2013.12.26。文中提及个股仅为指数成份股客观展示列举， 不作为任何个股推荐，不代表基金管理人和基金投资方向。任何在本文出现的信息（包括但不限于个股、评论、预测、图表、指标、理论、 任何形式的表述等）均只作为参考，投资人须对任何自主决定的投资行为负责。另，本文中的任何观点、分析及预测不构成对阅读者任何形 式的投资建议，本公司亦不对因使用本文内容所引发的直接或间接损失负任何责任。投资人应当认真阅读《基金合同》、《招募说明书》、 《基金产品资料概要》等基金法律文件，了解基金的风险收益特征，选择与自身风险承受能力相适应的产品。基金的过往业绩并不预示其未 12月31日早盘，商业航天主题板块再度躁动，相关高人气军工ETF华宝（512810）水下拉起，快速翻红涨逾1%，昨日场内价格刷新逾3年新 高。 军工ETF华宝（512810）全面覆盖海陆空天军工核心资产，囊括24只商业航天概念股，权重占比合计28.64%。昨日短线回调后，商业航天成 份股强势反攻，北斗星通一度冲击涨停，航天电子、中国卫通、国科军工等多股继续刷新历史新高。 | ...

Investment Highlights - The company is rated as outperforming the industry with a target price of 70.61 yuan, corresponding to a 50x P/E for 2026, due to its unique position as a core supplier of guided equipment and ammunition systems [1] - The company is backed by Jiangxi Provincial Military Industry Holding Group and has a diverse product range including guided equipment, solid rocket engine power modules, and ammunition systems, which are scarce in the market [1] - Revenue is expected to grow by 15.8% year-on-year in 2024, reaching 1.204 billion yuan, with net profit attributable to shareholders increasing by 41.3% to 199 million yuan [1] - Global defense spending is projected to increase by 9.4% in 2024, reaching 2.7 trillion USD, with guided and ammunition equipment being key focus areas [1] Production and Trade Development - The company has received a contract worth 466 million yuan for a foreign trade product engine, indicating potential for long-term growth in special trade [2] - The company is gradually releasing production capacity from its specialized production lines, enhancing production efficiency [2] - The company is optimistic about the growth of guided and ammunition equipment, driven by increased foreign trade demand and ongoing model research and capacity expansion [2] Potential Catalysts - Potential catalysts include exceeding order expectations and faster-than-expected expansion progress [3] Profit Forecast and Valuation - The company is projected to have EPS of 1.10 yuan in 2025 and 1.41 yuan in 2026, with a CAGR of 21.8% from 2024 to 2026 [4] - The current valuation corresponds to a 43x P/E for 2026, with a target price of 70.61 yuan reflecting a potential upside of 18% [4]

证券之星消息，12月30日地面兵装板块较上一交易日上涨1.18%，长城军工领涨。当日上证指数报收于 3965.12，下跌0.0%。深证成指报收于13604.07，上涨0.49%。地面兵装板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 601606 | 长城军工 | 50.26 | 3.86% | 56.34万 | | 28.24亿 | | 301357 | 北方长龙 | 149.76 | 3.25% | 5.80万 | | 8.75亿 | | 688543 | 国科军工 | 61.50 | 2.55% | 14.77万 | | 9.12亿 | | 002519 | 银河电子 | 6.39 | 1.43% | 169.45万 | | 10.93亿 | | 600967 | 内蒙一机 | 16.50 | 0.43% | 28.34万 | | 4.69亿 | | 600435 | 北方导航 | 15.00 | 0.33% | 66.80万 | | 10.12亿 | ...

Group 1: Key Insights - The report highlights the strong growth potential of the semiconductor testing industry, particularly for companies like Huafeng Measurement and Control (688200), which is positioned to benefit from the increasing demand for simulation and digital testing machines driven by AI chip requirements [4][5][6] - Guoke Military Industry (688543) is noted for its transition from conventional ammunition to intelligent and information-based ammunition, which is expected to enhance its growth prospects in a high-demand industry [4][5] - Purtai (603659) is recognized as a leading global lithium battery materials platform, with its negative electrode and diaphragm businesses expected to show long-term improvement [4][5] Group 2: Company-Specific Analysis - Wanchen Group (300972) is projected to continue expanding its store count, currently exceeding 18,000, while improving net profit margins through scale effects and supply chain efficiencies [5][6] - Top Group (601689) is actively developing new products in collaboration with major clients, including liquid cooling solutions, which have already secured initial orders worth 1.5 billion [7][8] - Zhuoyue New Energy (688196) is expanding its production capacity in the biofuel sector, with a focus on biodiesel and bio-based materials, supported by favorable policies and a projected internal rate of return of 28.94% for new projects [8][9] Group 3: Industry Trends - The report indicates that the server liquid cooling market is expected to experience significant growth in 2026 and 2027, with companies like Yingweike (002837) poised to capture substantial market share [8][9] - The mechanical equipment sector, particularly companies like Binglun Environment (000811), is expanding its presence in various fields, including nuclear power and industrial heat control, which is expected to provide new growth opportunities [9][10] - The AI industry is driving demand for intelligent control systems, with companies like Zhiwei Intelligent (001339) developing products that cater to this emerging market [10]

证券之星消息，12月29日地面兵装板块较上一交易日上涨0.61%，北方长龙领涨。当日上证指数报收于 3965.28，上涨0.04%。深证成指报收于13537.1，下跌0.49%。地面兵装板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 301357 | 北方长龙 | 145.05 | 2.73% | 4.08万 | | 5.89亿 | | 300922 | 天秦装备 | 23.44 | 2.49% | 8.26万 | | 1.93亿 | | 601606 | 长城军工 | 48.39 | 0.94% | 32.31万 | | 15.72亿 | | 002519 | 银河电子 | 6.30 | 0.80% | 143.69万 | | 9.00亿 | | 000519 | 中兵红箭 | 17.94 | 0.67% | 26.90万 | | 4.82亿 | | 600967 | 内蒙—机 | 16.43 | 0.55% | 21.61万 | | 3.55亿 | | ...

Investment Rating - The industry investment rating is "Positive" [5] Core Insights - The Shanghai Stock Exchange has officially released guidelines for commercial rocket companies to apply for the fifth set of listing standards on the Sci-Tech Innovation Board, which supports high-quality commercial rocket enterprises that have not yet formed a certain revenue scale to go public [2][7] - The commercial rocket industry is expected to experience rapid growth due to continuous policy support, accelerated technological iteration, and the release of rocket production capacity, leading to a significant increase in the number of rockets and launch frequency in China [3][7] Summary by Relevant Sections Industry Overview - The guidelines emphasize that companies must have key core technologies and significant technological advantages or breakthroughs, focusing on the self-research capabilities of core components and key indicators such as payload capacity and multi-satellite launch capabilities [7] - The guidelines also require that commercial rocket companies achieve a milestone of successfully launching a medium to large reusable rocket payload into orbit [7] Market Dynamics - The commercial rocket sector is currently a bottleneck in the commercial aerospace industry, and with the release of production capacity, improvement in launch capabilities, and breakthroughs in reusable technology, the progress of satellite networking is expected to experience a leap forward [7] - The report identifies that the future of China's rocket sector will see a threefold resonance of capacity release, enhanced launch capabilities, and breakthroughs in reusable technology, which will accelerate the resolution of launch bottlenecks [7] Investment Targets - Recommended investment targets in the satellite sector include Aerospace Electronics (600879, Buy), Zhenlei Technology (688270, Not Rated), and others [7] - Recommended investment targets in the rocket sector include Aerospace Power (600343, Not Rated), Zhonghang Heavy Industry (600765, Buy), and others [7]

证券代码：688543 证券简称：国科军工 公告编号：2025-068 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 12 月 26 日 （二） 股东会召开的地点：江西省南昌市南昌经济技术开发区建业大街 999 号 二楼会议室 （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 | 181 | | --- | --- | | 普通股股东人数 | 181 | | 2、出席会议的股东所持有的表决权数量 | 19,712,097 | | 普通股股东所持有表决权数量 | 19,712,097 | | 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 | 16.9987 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 16.9987 | 江西国科军工集团股份有限公司 2025年第四次临时股东会决议公告 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。 重要内容 ...

国浩律师(上海)事务所 国浩律师(上海)事务所 关于江西国科军工集团股份有限公司 2025年第四次临时股东会的法律意见书 致:江西国科军工集团股份有限公司 国浩律师(上海)事务所(以下简称"本所")作为江西国科军工集团股份 有限公司(以下简称"公司"或"国科军工")之特聘法律顾问,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》")、《上市公司股东会规则》(以下简称"《股东会规则》"、 《江西国科军工集团股份有限公司章程》(以下简称"《公司章程》"等法律法 规及规范性文件的规定,指派律师出席并见证了公司于2025年12月26日下午14 点00分在江西省南昌市南昌经济技术开发区建业大街999号二楼会议室召开的 2025年第四次临时股东会(以下简称"本次股东会"),并对本次股东会的召集、 召开程序、出席人员资格、会议表决程序等事宜进行了审查。 为出具本法律意见书,本所律师出席了本次股东会,审查了公司提供的有关 本次大会各项议程及相关文件,听取了公司董事会就有关事项所作的说明。 在审查有关文件的过程中,公司向本所律师保证并承诺,其向本所提供的文 件和所作的说 ...