格隆汇10月27日丨佳驰科技(688708.SH)公布，公司第三季度实现营业收入3.41亿元，同比增长 54.53%；归属于上市公司股东的净利润1.35亿元，同比增长24.38%；归属于上市公司股东的扣除非经常 性损益的净利润1.24亿元，同比增长15.84%；基本每股收益0.34元。 ...

Core Insights - On October 24, Jiachi Technology's stock rose by 3.95%, with a trading volume of 91.74 million yuan [1] - The company experienced a net financing outflow of 627.25 thousand yuan on the same day, with a total financing balance of 113 million yuan, accounting for 3.97% of its market capitalization [1] Company Overview - Chengdu Jiachi Electronic Technology Co., Ltd. was established on July 18, 2008, and is located in the Chengdu Modern Industrial Port [2] - The company focuses on the EMMS industry, emphasizing independent innovation and breaking foreign technology monopolies, covering stealth functional coating materials, stealth functional structural components, and electromagnetic compatibility materials [2] - The revenue composition includes 71.46% from electromagnetic functional structural components, 25.71% from electromagnetic functional coating materials, 2.58% from electromagnetic compatibility materials, and 0.24% from technical services [2] Financial Performance - For the first half of 2025, Jiachi Technology reported a revenue of 279 million yuan, a year-on-year decrease of 24.33%, and a net profit attributable to shareholders of 113 million yuan, down 46.47% year-on-year [2] - The company has distributed a total of 160 million yuan in dividends since its A-share listing [3] Shareholder Structure - As of June 30, 2025, Jiachi Technology had 9,193 shareholders, a decrease of 29.96% from the previous period, with an average of 4,178 circulating shares per shareholder, an increase of 53.56% [2] - The top three circulating shareholders include new entrants: Fu Guo Balanced Preferred Mixed Fund, holding 1.0679 million shares; Jia Shi Competitive Advantage Preferred Mixed Fund, holding 1.0574 million shares; and Fu Guo Growth Navigation Mixed Fund, holding 1.0436 million shares [3]

Investment Rating - The report provides a strong recommendation for several companies in the military industry, indicating a positive outlook for their stock performance [9]. Core Insights - The recent Fourth Plenary Session of the 20th Central Committee emphasized new goals for national defense capabilities, including the enhancement of "national defense strength" and "international influence" [21]. - The report highlights the aerospace sector as a key focus area for military investment, particularly in the context of the newly stated goal of becoming a "space power" [21]. - Upcoming quarterly reports are expected to show a turning point in industry performance, with several companies already reporting significant year-on-year revenue and profit growth [24]. Industry Overview - The military industry consists of 118 listed companies with a total market capitalization of 2,092.9 billion and a circulating market value of 1,736.7 billion [4]. - The SW National Defense and Military Industry Index has shown a performance increase of 16.47% year-to-date, although it has underperformed compared to the CSI 300 Index by 1.97% [12][20]. - The industry is currently valued at a PE (TTM) of 85.77 times, with a five-year percentile of 78.63% [20]. Key Events - The Fourth Plenary Session concluded with new national defense goals, including a focus on high-quality military modernization and the integration of advanced combat capabilities [21]. - The report notes that the aerospace equipment sector has been particularly responsive to the recent policy announcements, showing strong performance [16][21]. Performance Summary - The report identifies several companies with notable performance, including North Navigation with a revenue increase of 210% and a net profit increase of 268.8% [25]. - The top-performing stocks in the military sector include North Shares (+25.20%) and Feili Hua (+17.92%) [19].

Core Insights - The aviation equipment sector experienced a decline of 0.73% on October 22, with Jiachitech leading the drop [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - ST Lihang (603261) saw a closing price of 21.74 with an increase of 3.03% and a trading volume of 14,400 [1] - Jiachitech (688708) closed at 71.20, down 3.09%, with a trading volume of 9,160.92 [2] - The highest trading volume was recorded for Xibu Superconductor (688122) at 334,200 shares, closing at 70.13 with a 2.35% increase [1] Capital Flow - The aviation equipment sector had a net outflow of 29.10 million yuan from main funds, while retail investors saw a net outflow of 107 million yuan [2] - Speculative funds recorded a net inflow of 136 million yuan into the sector [2] Individual Stock Capital Flow - Xibu Superconductor (688122) had a main fund net inflow of 145 million yuan, while retail investors experienced a net outflow of 204 million yuan [3] - An Dawei (300719) recorded a main fund net inflow of 14.98 million yuan, with a significant retail outflow of 17.65 million yuan [3]

Market Overview - The aviation equipment sector rose by 0.91% on October 21, with Filihua leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Filihua (300395) saw a significant increase of 14.17%, closing at 80.50 with a trading volume of 426,500 shares [1] - Other notable performers included Hangxin Technology (300424) with a 6.02% increase, and Hangyu Technology (688239) with a 4.42% increase [1] - The table below summarizes the performance of key stocks in the aviation equipment sector: | Code | Name | Closing Price | Change (%) | Volume (thousand) | |--------|--------------|---------------|------------|-------------------| | 300395 | Filihua | 80.50 | 14.17 | 426.5 | | 300424 | Hangxin Tech | 17.79 | 6.02 | 248.6 | | 688239 | Hangyu Tech | 43.67 | 4.42 | 48.3 | | 920642 | Tongyi Aerospace | 14.97 | 2.46 | 20.1 | | 002297 | Boyun New Material | 9.00 | 2.39 | 471.7 | | 603261 | *ST Lihang | 21.10 | 2.23 | 12.5 | | 300034 | Steel Research | 16.38 | 2.12 | 120.9 | | 920006 | Shengcao Technology | 27.85 | 1.94 | 11.3 | | 688287 | *ST Guandian | 4.78 | 1.92 | 14.9 | | 002625 | Guangqi Technology | 46.78 | 1.92 | 189.7 | [1] Capital Flow - The aviation equipment sector experienced a net inflow of 601 million yuan from institutional investors, while retail investors saw a net outflow of 454 million yuan [2] - The following table outlines the capital flow for key stocks: | Code | Name | Institutional Net Inflow (yuan) | Institutional Net Ratio | Retail Net Inflow (yuan) | Retail Net Ratio | |--------|--------------|----------------------------------|-------------------------|--------------------------|------------------| | 300395 | Filihua | 439 million | 13.32% | -83.56 million | -10.78% | | 688122 | Western Superconductor | 92.06 million | 7.09% | -36.26 million | -4.30% | | 300424 | Hangxin Tech | 54.02 million | 12.49% | -798,450 | -10.64% | | 600893 | Aero Engine | 47.64 million | 7.85% | 390,730 | -8.50% | | 688237 | Superlative Aerospace | 28.34 million | 18.13% | 530,500 | -21.53% | [3]

证券代码：688708 证券简称：佳驰科技 公告编号：2025-045 成都佳驰电子科技股份有限公司（以下简称"公司"）将于 2025 年 10 月 28 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 10 月 29 日（星期三） 9:00-10:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 会议召开时间：2025 年 10 月 29 日（星期三）9:00-10:00 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：上证路演中心网络互动 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 成都佳驰电子科技股份有限公司 关于召开 2025 年第三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 ...

Core Insights - On October 16, Jiach Technology's stock rose by 1.57%, with a trading volume of 120 million yuan [1] - The company experienced a net financing outflow of 1.22 million yuan on the same day, with a total financing balance of 144 million yuan, representing 5.25% of its market capitalization [1][2] Company Overview - Chengdu Jiach Electronic Technology Co., Ltd. was established on July 18, 2008, and is located in the Chengdu Modern Industrial Port [2] - The company focuses on the EMMS industry, emphasizing independent innovation and breaking foreign technology monopolies, with products including stealth functional coating materials and electromagnetic compatibility materials [2] - As of June 30, the company had 9,193 shareholders, a decrease of 29.96%, with an average of 4,178 circulating shares per person, an increase of 53.56% [2] Financial Performance - For the first half of 2025, Jiach Technology reported a revenue of 279 million yuan, a year-on-year decrease of 24.33%, and a net profit attributable to shareholders of 113 million yuan, down 46.47% year-on-year [2] - The company has distributed a total of 160 million yuan in dividends since its A-share listing [3] Shareholding Structure - As of June 30, 2025, the top ten circulating shareholders included new entrants such as Fu Guo Balanced Preferred Mixed Fund and Jia Shi Competitive Advantage Preferred Mixed Fund, holding 1.07 million and 1.06 million shares respectively [3] - Several funds, including Fu Guo Low Carbon New Economy Mixed Fund, have exited the top ten circulating shareholders list [3]

Core Viewpoint - Jiach Technology's stock increased by 2.77% on October 15, with a trading volume of 75.09 million yuan, indicating a positive market response despite a net financing outflow of 457,700 yuan on the same day [1]. Financing and Trading Data - On October 15, Jiach Technology had a financing buy amount of 4.61 million yuan and a financing repayment of 5.06 million yuan, resulting in a net financing buy of -457,700 yuan [1]. - As of October 15, the total balance of margin trading for Jiach Technology was 146 million yuan, which accounts for 5.38% of its circulating market value [1]. - There were no shares sold or repaid in the securities lending market on the same day, with a total securities lending balance of 0 yuan [1]. Company Overview - Jiach Technology, established on July 18, 2008, is located in Chengdu, Sichuan Province, and is set to be listed on December 5, 2024 [1]. - The company focuses on the EMMS industry, emphasizing independent innovation and breaking foreign technology monopolies, with products including stealth functional coating materials and electromagnetic compatibility materials [1]. - The revenue composition of Jiach Technology includes 71.46% from electromagnetic functional structural components, 25.71% from electromagnetic functional coating materials, 2.58% from electromagnetic compatibility materials, 0.24% from technical services, and 0.02% from other sources [1]. Financial Performance - For the first half of 2025, Jiach Technology reported a revenue of 279 million yuan, a year-on-year decrease of 24.33%, and a net profit attributable to shareholders of 113 million yuan, down 46.47% year-on-year [2]. Shareholder Information - As of June 30, 2025, Jiach Technology had 9,193 shareholders, a decrease of 29.96% from the previous period, with an average of 4,178 circulating shares per person, an increase of 53.56% [2]. - The top ten circulating shareholders include new entrants such as the Fu Guo Balanced Preferred Mixed Fund and the Jia Shi Competitive Advantage Preferred Mixed Fund, indicating a shift in institutional holdings [3].

Core Viewpoint - The aviation equipment sector experienced a decline of 1.87% on October 14, with Jiachitech leading the drop. The Shanghai Composite Index closed at 3865.23, down 0.62%, while the Shenzhen Component Index closed at 12895.11, down 2.54% [1]. Group 1: Market Performance - The aviation equipment sector saw significant individual stock movements, with Hangxin Technology rising by 4.01% to a closing price of 16.60, while Jiachitech fell by 6.54% to 68.65 [1][2]. - The trading volume for Hangxin Technology was 196,600 shares, with a transaction value of 326 million yuan, while Jiachitech had a trading volume of 17,700 shares and a transaction value of 124 million yuan [1][2]. Group 2: Capital Flow - The aviation equipment sector experienced a net outflow of 635 million yuan from institutional investors, while retail investors saw a net inflow of 126 million yuan [2]. - The capital flow data indicates that West Superconducting had a net inflow of 240 million yuan from institutional investors, while Jiachitech had a net inflow of 10 million yuan [3].

Company Overview - Jiachi Technology Co., Ltd. is located in Chengdu, Sichuan Province, and was established on July 18, 2008. The company is set to be listed on December 5, 2024. Its main business focuses on the EMMS industry, emphasizing independent innovation to break foreign technology monopolies. The company offers products including stealth functional coating materials, stealth functional structural components, and electromagnetic compatibility materials in the electronic information field [1]. Financial Performance - As of September 30, Jiachi Technology's stock price increased by 5.17%, reaching 71.41 CNY per share, with a trading volume of 43.25 million CNY and a turnover rate of 1.62%. The total market capitalization stands at 28.565 billion CNY [1]. Revenue Composition - The revenue composition of Jiachi Technology is as follows: electromagnetic functional structural components account for 71.46%, electromagnetic functional coating materials for 25.71%, electromagnetic compatibility materials for 2.58%, technical services for 0.24%, and other sources for 0.02% [1]. Fund Holdings - According to data, one fund under Guotai Fund holds Jiachi Technology as a significant position. The Guotai Jinfu Three-Month Regular Open Mixed Fund (010446) held 780 shares, representing 0.04% of the fund's net value, ranking it as the eighth-largest holding. The estimated floating profit for today is approximately 2,737.8 CNY [2]. Fund Performance - The Guotai Jinfu Three-Month Regular Open Mixed Fund (010446) was established on January 7, 2021, with a current size of 118 million CNY. Year-to-date, the fund has achieved a return of 13.64%, ranking 846 out of 8,247 in its category. Over the past year, it has returned 25.46%, ranking 760 out of 7,907. However, since its inception, the fund has incurred a loss of 18.1% [2].