Market Performance - The military electronics sector rose by 0.13% on September 22, with Xingtu Xinke leading the gains [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Stock Performance - Notable gainers in the military electronics sector included: - Xingtu Xinke (688081) with a closing price of 35.77, up 9.66% on a trading volume of 110,000 shares and a turnover of 383 million yuan [1] - Guoguang Electric (688776) closed at 90.95, up 6.34% with a trading volume of 43,500 shares [1] - Other significant gainers included ST Wanfang (000638) up 5.02%, and Jingjia Micro (300474) up 4.12% [1] Fund Flow Analysis - The military electronics sector experienced a net outflow of 694 million yuan from institutional investors, while retail investors saw a net inflow of 759 million yuan [2][3] - Key stocks with significant fund flows included: - Jingjia Micro (300474) with a net inflow of 172 million yuan from institutional investors [3] - Gaode Infrared (002414) with a net inflow of 153 million yuan [3] - Huafeng Technology (688629) had a net inflow of 56.73 million yuan [3]

Core Viewpoint - Guoguang Electric experienced a 5.11% increase in stock price, reaching 89.90 CNY per share, with a trading volume of 311 million CNY and a turnover rate of 3.29%, resulting in a total market capitalization of 9.744 billion CNY [1] Company Overview - Chengdu Guoguang Electric Co., Ltd. is located in the Chengdu Economic and Technological Development Zone, established on October 8, 1981, and listed on August 31, 2021. The company specializes in the research, production, and sales of vacuum and microwave application products [1] - The revenue composition of the company includes: microwave devices 60.90%, nuclear industry equipment and components 29.97%, other civilian products 8.83%, and others 0.30% [1] Fund Holdings - One fund under Dongfang Fund has a significant holding in Guoguang Electric. The Dongfang Low Carbon Economy Mixed A Fund (021094) held 35,000 shares in the second quarter, accounting for 5.05% of the fund's net value, making it the largest holding [2] - The estimated floating profit from this holding is approximately 153,200 CNY [2] Fund Performance - The Dongfang Low Carbon Economy Mixed A Fund (021094) was established on March 4, 2025, with a latest scale of 61.7428 million CNY and has achieved a return of 8.09% since inception [3] - The fund manager, Li Rui, has been in position for 7 years and 284 days, managing total assets of 8.065 billion CNY, with the best fund return during his tenure being 99.61% and the worst being -9.03% [4]

9月22日，国光电气涨5.11%，截至发稿，报89.90元/股，成交3.11亿元，换手率3.29%，总市值97.44亿 元。 资料显示，成都国光电气股份有限公司位于四川省成都经济技术开发区(龙泉驿区)星光西路117号，成 立日期1981年10月8日，上市日期2021年8月31日，公司主营业务涉及从事真空及微波应用产品研发、生 产和销售。主营业务收入构成为：微波器件60.90%，核工业设备及部件29.97%，其他民用产品8.83%， 其他(补充)0.30%。 从基金十大重仓股角度 数据显示，银河基金旗下1只基金重仓国光电气。银河核心优势混合A（011629）二季度持有股数4.24万 股，占基金净值比例为5.03%，位居第七大重仓股。根据测算，今日浮盈赚取约18.54万元。 银河核心优势混合A（011629）成立日期2022年7月22日，最新规模8840.21万。今年以来收益13.95%， 同类排名5266/8244；近一年收益28.47%，同类排名5257/8066；成立以来亏损25.76%。 银河核心优势混合A（011629）基金经理为李一帆。 截至发稿，李一帆累计任职时间2年142天，现任基金资产总规模88 ...

证券之星消息，9月16日军工电子板块较上一交易日上涨0.36%，盛路通信领涨。当日上证指数报收于 3861.87，上涨0.04%。深证成指报收于13063.97，上涨0.45%。军工电子板块个股涨跌见下表： 从资金流向上来看，当日军工电子板块主力资金净流出5.97亿元，游资资金净流入6399.8万元，散户资金 净流入5.33亿元。军工电子板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 688629 华丰科技 | | | 1.01亿 | 6.79% | 4120.81万 | 2.78% | -1.42 Z | -9.57% | | 688776 国光电气 | | | 4417.08万 | 10.93% | -3133.22万 | -7.75% | -1283.86万 | -3.18% | | 002446 盛路通信 | | | 1699.11万 | 2.37% | -2228 ...

中海优质成长混合（398001）成立日期2004年9月28日，最新规模9.24亿。今年以来收益10.44%，同类 排名5726/8174；近一年收益42.94%，同类排名3873/7982；成立以来收益688.53%。 中海优质成长混合（398001）基金经理为许定晴。 截至发稿，许定晴累计任职时间15年202天，现任基金资产总规模9.24亿元，任职期间最佳基金回报 59.22%， 任职期间最差基金回报-33.63%。 9月16日，国光电气涨5.05%，截至发稿，报90.33元/股，成交2.75亿元，换手率2.87%，总市值97.90亿 元。 资料显示，成都国光电气股份有限公司位于四川省成都经济技术开发区(龙泉驿区)星光西路117号，成 立日期1981年10月8日，上市日期2021年8月31日，公司主营业务涉及从事真空及微波应用产品研发、生 产和销售。主营业务收入构成为：微波器件60.90%，核工业设备及部件29.97%，其他民用产品8.83%， 其他(补充)0.30%。 从基金十大重仓股角度 数据显示，中海基金旗下1只基金重仓国光电气。中海优质成长混合（398001）二季度持有股数27.93万 股，占基金净 ...

银河核心优势混合A（011629）基金经理为李一帆。 截至发稿，李一帆累计任职时间2年136天，现任基金资产总规模8899.19万元，任职期间最佳基金回 报-5.94%， 任职期间最差基金回报-6.86%。 9月16日，国光电气涨5.05%，截至发稿，报90.33元/股，成交2.74亿元，换手率2.86%，总市值97.90亿 元。 资料显示，成都国光电气股份有限公司位于四川省成都经济技术开发区(龙泉驿区)星光西路117号，成 立日期1981年10月8日，上市日期2021年8月31日，公司主营业务涉及从事真空及微波应用产品研发、生 产和销售。主营业务收入构成为：微波器件60.90%，核工业设备及部件29.97%，其他民用产品8.83%， 其他(补充)0.30%。 从基金十大重仓股角度 数据显示，银河基金旗下1只基金重仓国光电气。银河核心优势混合A（011629）二季度持有股数4.24万 股，占基金净值比例为5.03%，位居第七大重仓股。根据测算，今日浮盈赚取约18.41万元。 银河核心优势混合A（011629）成立日期2022年7月22日，最新规模8840.21万。今年以来收益15.07%， 同类排名5025/ ...

9月15日，国光电气跌2.33%，成交额2.64亿元。两融数据显示，当日国光电气获融资买入额3385.28万 元，融资偿还2631.28万元，融资净买入754.01万元。截至9月15日，国光电气融资融券余额合计2.51亿 元。 融资方面，国光电气当日融资买入3385.28万元。当前融资余额2.50亿元，占流通市值的2.68%，融资余 额超过近一年70%分位水平，处于较高位。 融券方面，国光电气9月15日融券偿还1700.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量9395.00股，融券余额80.79万元，超过近一年70%分位水平，处于较高位。 资料显示，成都国光电气股份有限公司位于四川省成都经济技术开发区(龙泉驿区)星光西路117号，成 立日期1981年10月8日，上市日期2021年8月31日，公司主营业务涉及从事真空及微波应用产品研发、生 产和销售。主营业务收入构成为：微波器件60.90%，核工业设备及部件29.97%，其他民用产品8.83%， 其他(补充)0.30%。 截至6月30日，国光电气股东户数5713.00，较上期增加26.09%；人均流通股18971股，较上期减少 ...

Core Viewpoint - Guoguang Electric (688776.SH) has been awarded the First Prize of the 2024 Sichuan Provincial Science and Technology Progress Award for its project "Research and Development of the Next Generation Chinese Tokamak" in collaboration with the Southwest Institute of Physics and other units, highlighting the company's research strength and technological innovation in the nuclear fusion field [1] Group 1 - The Sichuan Provincial Science and Technology Award is established by the Sichuan Provincial People's Government and is one of the most authoritative and influential technology award systems in the province, covering various categories such as natural sciences, technological inventions, and technological progress [1] - The company previously won the same award in 2023 for its project on "Research and Application of High Sensitivity Leak Detection Technology for Large and Complex Components in Fusion Reactors," indicating a consistent recognition of its technological innovation and R&D capabilities [1] - The continuous recognition through different projects serves as a strong testament to the company's commitment to technological innovation and long-term R&D efforts [1] Group 2 - The company plans to continue implementing its existing technology development strategy, increasing investment in R&D and product innovation, and deepening its industry engagement [1] - The focus will be on accelerating the research and manufacturing of new products, promoting the development of new productive forces, and enhancing the capability for transforming R&D achievements [1] - These efforts aim to establish a reliable technological guarantee for the company's sustainable development and create more value for shareholders [1]

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 ...

Investment Rating - The report maintains a positive investment outlook for the controllable nuclear fusion industry, particularly focusing on Z-pinch technology and its commercialization potential by 2030 [4]. Core Insights - The controllable nuclear fusion era is accelerating, with significant growth in global investment, rising from $1.9 billion in 2021 to $9.7 billion in 2025, indicating strong investor confidence and technological breakthroughs [1][20]. - Z-pinch technology is gaining traction due to its safety, economic efficiency, and environmental friendliness, positioning it as a viable alternative in the fusion technology landscape [2][3]. - The 2030s are recognized as a critical period for the commercialization of fusion energy, with many companies planning to operate demonstration power plants during this timeframe [26]. Summary by Sections 1. Accelerating Towards Controllable Nuclear Fusion - The controllable nuclear fusion industry is experiencing robust policy support and investment growth, with a projected commercialization period starting in 2030 [1][10]. - The report highlights the establishment of a multi-level policy framework in China to promote fusion energy development, including regulatory, industrial, and capital support [12][15]. 2. Inertial Confinement Technology and Z-Pinch Advancements - Z-pinch technology is emerging as a prominent method in inertial confinement fusion, with significant advancements in safety and economic viability [2][3]. - The report outlines the development stages for Z-pinch technology, including key technical challenges and milestones expected by 2040 [3][51]. 3. Global Investment Trends in Fusion Energy - The fusion industry has seen a surge in investment, with a notable increase in public funding and a diverse range of investors entering the market [21][22]. - The report emphasizes the growing interest from various sectors, including technology venture capital, industrial giants, and sovereign funds, reflecting the industry's broad appeal [21][22]. 4. Investment Recommendations - The report suggests focusing on companies involved in Z-pinch technology components, such as drivers, fusion targets, and subcritical fission blankets, with specific companies highlighted for potential investment [4].