第1笔成交价格为80.00元，成交2.50万股，成交金额200.00万元，溢价率为-7.83%，买方营业部为华泰 证券股份有限公司深圳深南大道基金大厦证券营业部，卖方营业部为华泰证券股份有限公司成都锦晖西 二街证券营业部。 进一步统计，近3个月内该股累计发生14笔大宗交易，合计成交金额为5191.8万元。该股近5个交易日累 计上涨0.56%，主力资金合计净流出2361.42万元。 责任编辑：小浪快报 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 12月1日，国光电气收跌1.12%，收盘价为86.80元，发生1笔大宗交易，合计成交量2.5万股，成交金额 200万元。 ...

Investment Rating - The report maintains a recommendation for investment in the nuclear fusion sector, indicating a positive outlook for the industry [1]. Core Insights - China's launch of the international scientific program in the fusion field is expected to enhance the country's capabilities and foster global collaboration in overcoming challenges in fusion combustion physics [8][9]. - The ITER project has reached a significant milestone with the completion of the installation of the fifth vacuum chamber sector, which is crucial for the project's timeline and future stability [9]. - The development of ship-based fusion reactors by Maritime Fusion could revolutionize the shipping energy landscape, aligning with global decarbonization goals [15]. - An Tai Technology has secured significant contracts, showcasing its strong technical capabilities in the fusion component sector [16]. Summary by Sections Industry Developments - The international scientific program for fusion initiated by the Chinese Academy of Sciences aims to consolidate global scientific efforts and enhance China's leadership in superconducting tokamak research [8]. - The ITER project is on track to complete all nine sectors by 2027, with recent successful installations marking key progress [9]. Technological Advancements - Maritime Fusion's initiative to develop a ship-mounted fusion reactor represents a potential shift in maritime energy sources, targeting zero emissions and significant market disruption [15]. Company-Level Insights - An Tai Technology has won contracts worth 70 million yuan for key fusion components, indicating its competitive edge in the market [16]. - The report highlights several companies for investment, including Lianchuang Optoelectronics and Hezhu Intelligent, while suggesting attention to Guoguang Electric [3][35]. Market Trends - The report notes a significant increase in bidding activities for fusion projects, with November alone seeing a total bidding amount of 2.58 billion yuan, indicating a robust growth trajectory for the sector [25][30]. - The overall market for controlled nuclear fusion is projected to reach 146.5 billion yuan in the next 3-5 years, marking a peak in project tenders [7].

Core Viewpoint - The company is optimizing its fundraising investment projects by terminating certain projects and focusing on high-potential areas such as special vacuum components and nuclear industry-specific parts, while extending the project construction period to 2028 [2][4]. Fundraising and Investment Adjustments - The company announced a total fundraising amount of 995.62 million yuan, with a net amount of 906.15 million yuan from its initial public offering in August 2021. As of the announcement date, 314.46 million yuan has been invested, leaving 591.69 million yuan uninvested [2]. - The total amount of fundraising involved in the changes is 127.92 million yuan, accounting for 14.12% of the net fundraising amount [2]. Project Termination and Reallocation - The company plans to terminate the "Pressure Vessel Safety Accessories Industrialization Construction Project," reallocating 12.55 million yuan to the "Special Vacuum Components and Hollow Cathode Production Line Construction Project," while the remaining 100 million yuan will be kept in the fundraising account for future investment projects [3]. - The project previously known as "Non-standard Equipment and CHZ Valve Industrialization Construction Project" has been renamed to "Tritium Factory and Nuclear Industry-Specific Parts Industrialization Construction Project," with funds being redirected to the special vacuum components project and the "Research and Production Comprehensive Building and Aerospace Communication Technology R&D Center Construction Project" [3]. New Project Focus and Timeline - The three core projects are expected to have a construction period of three years, with the "Research and Production Comprehensive Building and Aerospace Communication Technology R&D Center" projected to be operational by November 2028, requiring an investment of 186.70 million yuan; the "Special Vacuum Components and Hollow Cathode Production Line" expected to meet standards by December 2028, with an investment of 326.44 million yuan; and the "Tritium Factory and Nuclear Industry-Specific Parts Industrialization Project" also expected to meet standards by December 2028, with an investment of 232.64 million yuan [3][4]. Reasons for Adjustment - The company cited market changes, increased competition, and slowing demand in the civilian pressure vessel industry as reasons for terminating the pressure vessel project, which has seen compressed profit margins with no immediate signs of improvement [4]. - The company aims to optimize its capacity layout in response to technological breakthroughs and policy support in fields such as controlled nuclear fusion and commercial aerospace, which are entering a rapid development phase [4]. - Additionally, planning adjustments to the building housing the original four fundraising projects have led to extended construction periods and reduced approved areas, prompting the company to adjust investment scales and project implementation content [4].

Group 1 - The company Guoguang Electric (SH 688776) announced the termination of the "Pressure Vessel Safety Accessories Industrialization Construction Project" and will reallocate part of the remaining raised funds of 112.55 million yuan, with 12.55 million yuan directed to the "Special Vacuum Components and Hollow Cathode Production Line Construction Project" [1] - The company plans to keep 100 million yuan in a special account for raised funds and will manage it according to relevant regulations, aiming to improve the efficiency of fund usage [1] - The revenue composition for Guoguang Electric in 2024 is projected to be 51.66% from electronic vacuum device manufacturing, 37.88% from the nuclear industry, 9.98% from other civilian products, and 0.48% from other businesses [1] Group 2 - As of the report, Guoguang Electric has a market capitalization of 9.5 billion yuan [1]

关于成都国光电气股份有限公司 变更募集资金投资项目的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为成都国光电 气股份有限公司（以下简称"国光电气"或"公司"）首次公开发行股票并在科创板 上市的人，根据《证券发行上市保荐业务管理办法》、《上海证券交易所科创板股 票上市规则》、《科创板上市公司持续监管办法（试行）》、《上海证券交易所科创 板上市公司自律监管规则指引第 1 号——规范运作》及《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》等法律法规的有关规定，对国 光电气变更募集资金投资项目的事项进行了审慎核查，并出具本核查意见。核查 情况如下： 一、变更募集资金投资项目的概述 （一）募集资金基本情况 根据中国证券监督管理委员会于 2021 年 7 月 27 日出具的《关于同意成都国 光电气股份有限公司首次公开发行股票注册的批复》（证监许可〔2021〕2505 号），公司首次公开发行人民币普通股（A）股 1,935.49 32 万股，每股发行价格 为 51.44 元，募集资金总额为人民币 995,617,702.08 元；扣除发行费用后实际募 集资金净额为人民币 906 ...

`证券代码：688776 证券简称：国光电气 公告编号：2025-045 成都国光电气股份有限公司 变更募集资金投资项目公告 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。 重要内容提示： 公司拟终止"压力容器安全附件产业化建设项目"，并将剩余募集资 金 11,255.14 万元中的 1,255.14 万元变更用于特种电真空器件生产线项目 （本次变更后名为"特种真空件及空心阴极生产线建设项目"）；10,000 万 元继续存放在募集资金专户并按照公司相关管理规定做好募集资金管理。待 审慎研究讨论确定投资项目后，尽快实施新的投资项目，以提高募集资金使 用效率。 拟将"核工业领域非标设备及耐 CHZ 阀门产业化建设项目"（本次变 更后名为"氚工厂及核工业领域专用部件产业化建设项目"）的部分拟投入 募集资金 1,220.58 万元及 316.74 万元分别变更至"特种真空件及空心阴极 生产线建设项目"及"科研生产综合楼及空天通信技术研发中心建设项目"。 上述新项目预计建设期为三年,其中"科研生产综合楼及空天通信技 术 ...

证券代码：688776 证券简称：国光电气 公告编号：2025-046 成都国光电气股份有限公司 关于召开2025年第一次临时股东大会的通知 本公司董事会及除李泞先生外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。 重要内容提示： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2025年第一次临时股东大会 召开日期时间：2025 年 12 月 19 日 14 点 00 分 召开地点：成都国光电气股份有限公司会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 12 月 19 日 股东大会召开日期：2025年12月19日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 至2025 年 12 月 19 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大 ...

证券代码：688776 证券简称：国光电气 公告编号：2025-044 成都国光电气股份有限公司 第九届监事会第四次会议决议公告 本公司监事会及监事会全体成员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。 一、监事会会议召开情况 成都国光电气股份有限公司（以下简称"公司"）第九届监事会第四次会议 于2025年11月28日以现场会议方式召开。本次会议应参加表决监事3人，实际参 加表决监事3人，本次会议由监事会主席曾琛先生主持。本次监事会会议的召集 和召开程序符合有关法律、行政法规、部门规章、规范性文件和《成都国光电气 股份有限公司章程》（以下简称"《公司章程》"）的规定，作出的决议合法、 有效。 二、监事会会议审议情况 经与会监事表决，审议通过了以下议案： 1.审议通过《关于变更募集资金投资项目的议案》 表决结果：同意票3票，反对票0票，弃权票0票，回避票0票； 监事会意见：公司本次变更募集资金投资项目，是从提升募集资金的使用效 率出发，综合考虑公司发展规划以及原募集资金投资项目的实际情况而做出的审 慎决定，新募集资金投资项目符合公司发展规划与业务 ...

Core Viewpoint - Chengdu Guoguang Electric Co., Ltd. is holding a Q3 2025 performance briefing on December 5, 2025, to discuss its operational results and financial status with investors [2][3]. Group 1: Meeting Details - The performance briefing is scheduled for December 5, 2025, from 10:00 to 11:00 [5]. - The meeting will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [2][5]. - Investors can submit questions from November 28, 2025, to December 4, 2025, before 16:00, either through the Roadshow Center website or via the company's email [2][6]. Group 2: Participants and Contact Information - Key participants include the Chairman Zhang Ya, independent directors, and the company’s financial team [4][5]. - Contact person for inquiries is Mr. Zeng, reachable at phone number 028-84370107 or via email tzzgx@chinaguoguang.com [6]. Group 3: Post-Meeting Information - After the briefing, investors can access the meeting's main content and details through the Shanghai Stock Exchange Roadshow Center [6].

会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 28 日 （星期五） 至 12 月 04 日 （星 期四）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。 证券代码：688776 证券简称：国光电气 公告编号：2025-043 成都国光电气股份有限公司 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 12 月 05 日 （星期五） 10:00-11:00 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/） 董事长：张亚 副董事长：吴常念 董事：蒋世杰 成都国光电气股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 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 ...