报告期内，公司持续实施技术领先战略，不断提升技术实力，深耕原有产品线(机载、弹载等产品)，主 要产品的单个型号价值量呈上升趋势，为收入增长打下坚实的基础。 智明达(688636.SH)发布2025年度业绩快报，报告期，公司实现营业总收入7.09亿元，较上年同期增加 61.87%;实现归属于母公司所有者的净利润1.1亿元，较上年同期增加466.74%。 ...

智通财经APP讯，智明达(688636.SH)发布2025年度业绩快报，报告期，公司实现营业总收入7.09亿元， 较上年同期增加61.87%;实现归属于母公司所有者的净利润1.1亿元，较上年同期增加466.74%。 报告期内，公司持续实施技术领先战略，不断提升技术实力，深耕原有产品线(机载、弹载等产品)，主 要产品的单个型号价值量呈上升趋势，为收入增长打下坚实的基础。 ...

证券日报网讯 2月26日，智明达发布2025年度业绩快报公告称，2025年度公司实现营业总收入70886.72 万元，同比增长61.87%；归属于母公司所有者的净利润11026.02万元，同比增长466.74%。 （编辑 王雪儿） ...

格隆汇2月26日丨智明达(688636.SH)公告称，2025年营业总收入7.09亿元，同比增长61.87%；归母净利 润1.1亿元，同比增长466.74%。主要系订单增长及经营规模效益显著。同时，公司总股本因资本公积转 增股本及再融资增加。 ...

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。 本公告所载2025年度主要财务数据为初步核算数据，未经会计师事务所审计， 具体数据以公司2025年年度的定期报告为准，提请投资者注意投资风险。 证券代码：688636 证券简称：智明达 公告编号：2026-004 成都智明达电子股份有限公司 2025 年度业绩快报公告 一、2025 年度主要财务数据和指标 单位：人民币万元 | 项目 | | 本报告期 | 上年同期 | 增减变动幅度 | | --- | --- | --- | --- | --- | | | | | | （％） | | 营业总收入 | | 70,886.72 | 43,792.76 | 61.87 | | 营业利润 | | 11,878.15 | 1,558.59 | 662.11 | | 利润总额 | | 11,849.39 | 1,561.79 | 658.70 | | 归属于母公司所有者的 | 净利润 | 11,026.02 | 1,945.50 | 466.74 | | 归属于母公司所有者的 | | | ...

格隆汇2月26日丨智明达(688636.SH)公布2025年度业绩快报，本报告期，公司实现营业总收入7.09亿 元，较上年同期增加61.87%；实现归属于母公司所有者的净利润1.1亿元，较上年同期增加466.74%；实 现归属于母公司所有者的扣除非经常性损益的净利润1.03亿元，较上年同期增加752.26%。 ...

智明达公告称，2025年营业总收入70,886.72万元，同比增加61.87%；归属于母公司所有者的净利润 11,026.02万元，同比增加466.74%；扣非净利润10,333.05万元，同比增加752.26%。主要因订单增长、 经营规模效益显著。期末总资产208,011.03万元，较期初增加36.06%；所有者权益140,430.99万元，较 期初增长27.14%；股本17,390.64万元，较期初增长54.50%；每股净资产8.08元，较期初减少17.64%。股 本增加因转增与再融资，每股净资产下降受股本增加影响。数据未经审计，以年报为准。 ...

智明达发布业绩快报，2025年度实现营业总收入7.09亿元，同比增长61.87%；净利润1.1亿元，同比增 长466.74%。报告期内，公司持续实施技术领先战略，不断提升技术实力，深耕原有产品线（机载、弹 载等产品），主要产品的单个型号价值量呈上升趋势，为收入增长打下坚实的基础。 ...

Core Viewpoint - The recent events surrounding Zhimin Da's stock are primarily focused on the company's performance disclosure and business progress [1] Group 1: Performance and Business Operations - Zhimin Da announced on January 27, 2026, that it expects to achieve an operating revenue of approximately 680 million yuan, representing a year-on-year growth of about 55%. The net profit attributable to shareholders is expected to be around 100 million yuan, reflecting a year-on-year increase of approximately 414%. This growth is mainly driven by a significant increase in orders and improved operational efficiency [2] - The company indicated that specific financial data will be confirmed in the official 2025 annual report [2] Group 2: Stock Performance - On January 12, 2026, Zhimin Da experienced unusual stock price fluctuations, with a daily increase of 16.48%, bringing the total market value to approximately 10.434 billion yuan. The company noted that revenue from commercial aerospace-related products accounted for 3.97% in the first three quarters, indicating that the business contribution remains uncertain [3] Group 3: Capital Increase - In November 2025, the company received approval from the China Securities Regulatory Commission to issue shares to specific investors. The raised funds will be directed towards the research and industrialization of unmanned equipment and embedded computers for commercial aerospace, aiming to enhance production capacity and technological levels [4]

Investment Rating - The report assigns an "Accumulate" rating for the industry [4]. Core Insights - The successful flight test of the Long March 10 rocket and the Mengtian spacecraft marks a significant breakthrough in China's manned lunar exploration program, with plans to achieve manned moon landing by 2030 [2][4]. - The report anticipates rapid development in new areas of the space economy, including space tourism, smart infrastructure, resource development, and traffic management, positioning commercial aerospace as a core investment direction in the military industry during the 14th Five-Year Plan [2][4]. Summary by Sections - **Recent Developments**: On February 11, 2026, China successfully conducted a low-altitude demonstration of the Long March 10 rocket and the maximum dynamic pressure escape flight test of the Mengtian spacecraft, validating key functions and performance for future lunar missions [4]. - **Future Plans**: The lunar exploration program is set to fully launch, with the Chang'e 7 mission planned for 2026 and Chang'e 8 for 2028, aiming to establish an international lunar research station by 2028 and achieve manned lunar landing by 2030 [4]. - **Investment Recommendations**: Recommended stocks include Aerospace Electronics, Shaanxi Huada, Zhimingda, Guobo Electronics, Guangwei Composite, and AVIC High-Tech, with related stocks such as Chaojie Co., Zhenlei Technology, China Satellite, Aerospace Electric, Zhongtian Rocket, and Sruy New Materials [4].