本次获奖体现了公司在核聚变领域的科研实力和技术创新能力。此前，公司亦凭借"聚变堆大型复杂部 件高温下超高灵敏度检漏技术研究及应用"项目荣获2023年度该奖项。连续凭借不同的项目获得该奖 项，是对公司技术创新及研发能力的高度认可，也是对公司长期坚持科技创新的有力证明。公司将继续 贯彻现有的技术发展战略，加大科技研发和产品创新力度，持续深耕行业，加快新产品的研发与制造， 促进新质生产力发展，提升研发成果转化能力，为企业的可持续发展建立可靠的技术保障，为股东创造 更多价值。 格隆汇9月15日丨国光电气(688776.SH)公布，收到四川省人民政府颁发的《四川省科学技术进步奖证 书》，公司与核工业西南物理研究院等单位联合申报项目"新一代中国环流器工程研制"荣获2024年度四 川省科学技术进步奖一等奖。四川省科学技术奖由四川省人民政府设立，是四川省内最具权威和影响力 的科技奖励体系之一，涵盖了自然科学、技术发明、科技进步等多个类别。 ...

证券代码：688776 证券简称：国光电气 公告编号：2025-036 成都国光电气股份有限公司 关于荣获 2024 年度四川省科学技术进步奖一等奖的 自愿性披露公告 本公司董事会及除李泞先生外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。 近日，成都国光电气股份有限公司（以下简称"公司"）收到四川省人民政 府颁发的《四川省科学技术进步奖证书》，公司与核工业西南物理研究院等单位 联合申报项目"新一代中国环流器工程研制"荣获 2024 年度四川省科学技术进 步奖一等奖。 四川省科学技术奖由四川省人民政府设立，是四川省内最具权威和影响力的 科技奖励体系之一，涵盖了自然科学、技术发明、科技进步等多个类别。 本次获奖体现了公司在核聚变领域的科研实力和技术创新能力。此前，公司 亦凭借"聚变堆大型复杂部件高温下超高灵敏度检漏技术研究及应用"项目荣获 2023 年度该奖项。连续凭借不同的项目获得该奖项，是对公司技术创新及研发 能力的高度认可，也是对公司长期坚持科技创新的有力证明。公司将继续贯彻现 有的技术发展战略，加大科技研发和产品创新力度，持续深 ...

可控核聚变行业深度 聚变时代加速到来，Z 箍缩路线走进主流视野 2025 年 09 月 10 日 ➢ 可控核聚变时代加速到来，2030 年为商业化时期。可控核聚变因为原料丰 富、清节高效、安全性高等优势，被公认为人类的终极能源。但鉴于其技术要求 苛刻，给人遥不可及的感觉，业内曾戏称，核聚变距离商业实现永远有 50 年， 也就是"50 年悖论"。但 2025 年 7 月聚变工业协会（FIA）发布《2025 年全球聚 变行业》报告显示，过去 5 年全球聚变行业呈爆发式增长，总投资额从 2021 年 的 19 亿美元飙升至 97 亿美元，仅去年一年就新增 26 亿美元。这一增长态势， 充分彰显了投资者信心的成熟、聚变技术的突破以及供应链的快速整合。同时， 2030 年代被行业普遍视为聚变商业化关键期。 ➢ 惯性约束技术进展飞快，尤其是 Z 箍缩技术凭借安全性、经济性、持久性和 环境友好性等方面的优势表现亮眼。我国聚变技术过往以磁约束托卡马克为主， 惯性约束较少进入公众视野。但根据《2025 年全球聚变行业》数据显示，惯性 约束成为仅次于磁约束的技术路线，其中 Z 箍缩技术凭借安全性、经济性、持久 性和环境友好性等方 ...

Market Overview - The military electronics sector increased by 1.21% on September 8, with Guoguang Electric leading the gains [1] - The Shanghai Composite Index closed at 3826.84, up 0.38%, while the Shenzhen Component Index closed at 12666.84, up 0.61% [1] Top Gainers in Military Electronics - Guoguang Electric (688776) closed at 87.36, up 16.67% with a trading volume of 93,600 shares and a transaction value of 778 million [1] - Huali Chuangtong (300045) closed at 24.86, up 7.81% with a trading volume of 800,100 shares and a transaction value of 1.926 billion [1] - Xice Testing (301306) closed at 56.40, up 4.54% with a trading volume of 38,000 shares and a transaction value of 211 million [1] Other Notable Performers - Shanghai Jianxun (300762) closed at 25.62, up 4.49% with a trading volume of 437,500 shares and a transaction value of 1.104 billion [1] - Shaanxi Huada (301517) closed at 47.20, up 4.29% with a trading volume of 56,200 shares and a transaction value of 261 million [1] - Beidou Xingtong (002151) closed at 30.51, up 4.13% with a trading volume of 226,000 shares and a transaction value of 677 million [1] Market Capital Flow - The military electronics sector experienced a net outflow of 530 million from institutional investors, while retail investors saw a net inflow of 166 million [2] - Speculative funds had a net inflow of 363 million into the sector [2] Individual Stock Capital Flow - Huali Chuangtong had a net inflow of 98.2 million from institutional investors, but a net outflow of 84.8 million from retail investors [3] - Guoguang Electric saw a net inflow of 61.96 million from institutional investors, with a net outflow of 11.62 million from retail investors [3] - Xice Testing had a net inflow of 20.5 million from institutional investors, with a net outflow of 1.79 million from retail investors [3]

Group 1 - The concept of controllable nuclear fusion has gained strength in the afternoon, with Guoguang Electric rising over 10% and Hezhuan Intelligent approaching the daily limit [1] - Other companies such as Jingye Intelligent, Dongfang Tantalum, Wangzi New Materials, and Rongfa Nuclear Power also experienced gains [1] - Recently, China Fusion Energy Co., Ltd. has added new shareholders including China National Petroleum Group Kunlun Capital, China Nuclear Power, and Zhejiang Energy Power, increasing its registered capital from approximately 3.531 billion RMB to 15 billion RMB, a growth of about 325% [1]

（文章来源：证券日报） 证券日报网讯国光电气9月5日在互动平台回答投资者提问时表示，公司目前经营运作正常，不存在退市 情形。股价表现受宏观经济、行业环境及市场情绪等多重因素影响。 ...

Group 1 - The company will hold a half-year performance briefing on September 9, 2025, from 16:00 to 17:00 [2][4] - The briefing will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [3][4] - Investors can submit questions from September 2 to September 8, 2025, through the Roadshow Center website or via the company's email [2][5] Group 2 - The company aims to provide a comprehensive understanding of its half-year operating results and financial status during the briefing [2][3] - The board of directors, including the chairman and other key executives, will be present to address investor inquiries [4][5] - After the briefing, investors can access the main content and details of the event through the Roadshow Center [5]

Group 1 - The company Guoguang Electric announced that it will hold a half-year performance briefing on September 9, 2025 [1]

会议召开方式：上证路演中心网络互动 投资者可于 2025 年 09 月 02 日（星期二）至 09 月 08 日（星期一）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 tzzgx@chinaguoguang.com 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。 成都国光电气股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 日发 布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半 年度经营成果、财务状况，公司计划于 2025 年 09 月 09 日（星期二）16:00-17:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 证券代码：688776 证券简称：国光电气 公告编号：2025-035 成都国光电气股份有限公司 关于召开 2025 年半年度业绩说明会的公告 本公司董事会及除李泞先生之外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 09 月 09 日 ...

Investment Rating - The investment rating for Guoguang Electric (688776) is "Buy" (maintained) [1] Core Views - Guoguang Electric continues to deepen its focus on microwave devices and nuclear industrial equipment, while increasing R&D investment [1][8] - The company reported a significant decline in revenue and net profit for the first half of 2025, primarily due to delays in project execution and price reductions in microwave devices [8] - Despite the challenges, the company maintains a stable financial structure and continues to invest in technology and product development [8] Financial Summary - Total revenue for 2025 is projected to be 958.09 million yuan, with a year-on-year growth of 78.52% [1] - The net profit attributable to shareholders is expected to reach 123.42 million yuan in 2025, reflecting a year-on-year increase of 162.30% [1] - The latest diluted EPS is forecasted to be 1.14 yuan per share for 2025, with a P/E ratio of 74.67 [1] - The company’s total assets as of June 2025 are estimated at 245.30 billion yuan, with a debt ratio of approximately 25% [8] - The gross profit margin has decreased from about 34.60% to 24.11% due to revenue decline and fixed cost increases [8] - R&D expenses are projected to be 1.16 billion yuan, accounting for 5.04% of revenue [8]