（记者 曾健辉） 每经头条（nbdtoutiao）——中美大反转，中国AI调用量首超美国，A股嗨了，多板块掀涨停潮！华尔 街知名分析师：中国算力路径颠覆传统认知 每经AI快讯，振华科技2月27日晚间发布公告称，因工作调动，钟成先生申请辞去公司副总经理职务。 辞职后，钟成先生不在公司及子公司担任任何职务。 ...

证券代码：000733 证券简称：振华科技 公告编号：2026-003 中国振华（集团）科技股份有限公司 关于公司高级管理人员离任的公告 - 1 - 截至本公告披露之日，钟成先生持有公司股份 10,800 股。钟成先生 辞职后，仍将严格遵守《公司法》《深圳证券交易所上市公司自律监管指 引第 18 号--股东及董事、高级管理人员减持股份》等法律法规的规定； 且其不存在应当履行而未履行的承诺事项。 公司及公司董事会对钟成先生在任职期间为公司经营发展做出的贡 献表示衷心感谢！ 特此公告。 中国振华（集团）科技股份有限公司董事会 2026 年 2 月 28 日 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 中国振华（集团）科技股份有限公司（以下简称公司）董事会于近日 收到副总经理钟成先生的书面辞职报告，因工作调动，钟成先生申请辞去 公司副总经理职务。辞职后，钟成先生不在公司及子公司担任任何职务。 钟成先生原定任职期间为 2024 年 12 月 3 日至 2027 年 12 月 2 日， 根据《公司法》《深圳证券交易所上市公司自律监管指引第 1 号--主板 上市公司规 ...

南财智讯2月27日电，振华科技公告，公司董事会近日收到副总经理钟成先生的书面辞职报告，因工作 调动，钟成先生申请辞去公司副总经理职务。辞职后，钟成先生不在公司及子公司担任任何职务。 ...

（来源：淘金ETF） 1. 中国卫通（601698） 作为卫星通信运营国家队，手握稀缺轨位与频谱资源，是商业航天从上天到变现的关键枢纽。在低轨星 座加速组网、手机直连卫星需求爆发的背景下，卫星通信运营与数据服务成为核心增长极。凭借完整地 面站网络与高通量卫星资源，深度绑定国家星网工程，承接卫星互联网、应急通信、偏远地区覆盖等核 心订单，现金流稳定且可持续。随着商业航天规模化落地，卫星运维、数据分发、行业应用需求持续释 放，叠加政策对卫星互联网的战略支持，长期成长逻辑清晰。在空天地一体化建设浪潮中，凭借资源壁 垒与运营优势，成为商业航天运营端最具确定性的核心标的，业绩与估值具备向上空间。 2. 中国卫星（600118） 深耕卫星研制与应用全产业链，覆盖通信、导航、遥感等多领域卫星制造，是商业航天卫星制造端的核 心力量。随着低轨星座建设进入高峰期，微小卫星批量发射需求激增，卫星总装与核心部件配套迎来爆 发式增长。依托航天科技集团技术与资源优势，在卫星平台、载荷研发、总装测试等环节具备深厚积 累，深度参与国家重大航天工程与商业卫星项目。同时积极布局卫星应用服务，构建"制造+运营+数 据"闭环，拓展行业应用场景。在商 ...

Group 1 - Aerospace Electronics (600879) is a core listed platform of the Aerospace Science and Technology Group, focusing on aerospace electronic information systems, inertial navigation, integrated circuits, and electromechanical components. It is a leading supplier for manned lunar landing projects, providing key equipment for the Long March 10 rocket and the Dream Chaser spacecraft, with a leading market share in aerospace electronic support [1][25]. - Aerospace Power (600343) specializes in aerospace liquid propulsion systems and is a key supplier for the Long March 10 rocket's propulsion system. The company is recognized for its high-temperature and high-reliability products, suitable for manned lunar landing conditions, and is expected to see strong growth in orders as the lunar landing program progresses [2][26]. - Aerospace Engineering (603698) relies on resources from the Aerospace Science and Technology Group and is involved in system integration and launch support for manned lunar landing projects. The company is recognized as a leader in aerospace engineering contracting and is expected to expand its system integration business as demand for launch support services increases [3][27]. Group 2 - Aerospace Electromechanical (600151) focuses on special materials and energy systems for spacecraft, serving as a core supplier for the Dream Chaser and lunar probe. The company is recognized for its lightweight and high-strength products, which are essential for manned lunar missions, and is expected to see rapid growth in its aerospace support business [4][28]. - Aerospace Electrical (002025) specializes in high-end relays, connectors, and micro motors, with a market share exceeding 70% in aerospace connectors. The company is viewed as a critical supplier for manned lunar projects, with strong reliability and high technical barriers, and is expected to see increased demand as the lunar landing program advances [5][30]. - Quanxin Co., Ltd. (300447) focuses on aerospace special cables and transmission components, providing high-temperature and interference-resistant cables for lunar landing projects. The company is recognized as a leader in the aerospace cable segment, with stable orders expected to grow as demand for aerospace information technology increases [6][31]. Group 3 - Zhenhua Technology (000733) is a leading military electronics company, providing essential electronic components and power systems for spacecraft. The company is expected to see significant growth in product demand as the lunar landing program progresses, supported by its strong technical capabilities and customer resources [7][32]. - Torch Electronics (603678) specializes in ceramic capacitors and aerospace components, recognized as a core supplier for ceramic capacitors in lunar landing projects. The company is expected to see growing demand for its aerospace-grade capacitors as the lunar landing program advances [8][33]. - Guojijiang Precision (002046) focuses on aerospace special bearings and precision manufacturing equipment, with a market share exceeding 90% in high-reliability aerospace bearings. The company is expected to see strong demand for its special bearings as the lunar landing spacecraft development accelerates [9][34]. Group 4 - China Satellite (600118) is a leading satellite manufacturer under the Aerospace Science and Technology Group, providing satellite development and application services for lunar landing projects. The company is expected to see rapid growth in its satellite manufacturing and application business as demand for space-based systems increases [10][35]. - China Satcom (601698) specializes in satellite communication services, providing critical communication links for lunar landing missions. The company is recognized as a leader in satellite communication operations, with expected growth in service revenue as lunar landing tasks progress [11][36]. - Haige Communication (002465) focuses on satellite navigation and wireless communication, serving as a core supplier for navigation and communication terminals in lunar landing projects. The company is expected to see strong growth in its core business as demand for lunar landing measurement and control systems increases [12][37]. Group 5 - Beidou Xingtong (002151) is a core enterprise in the Beidou navigation industry chain, providing high-precision navigation solutions for rockets and spacecraft. The company is expected to see rapid growth in its aerospace navigation business as demand for high-precision navigation increases with the lunar landing program [13][38]. - Guangwei Composite Materials (300699) is a leading carbon fiber manufacturer, providing lightweight materials for the Long March 10 rocket and Dream Chaser. The company is expected to see growing orders for its composite materials as demand for lightweight solutions in aerospace increases [14][39]. - Guangqi Technology (002625) specializes in metamaterials and aerospace structural components, providing lightweight and radiation-resistant parts for spacecraft. The company is expected to see increasing demand for its metamaterial solutions as the lunar landing program progresses [15][40]. Group 6 - Steel Research High-Nickel (300034) focuses on high-temperature alloys and aerospace special alloys, providing critical materials for rocket engines. The company is expected to see strong demand for its high-temperature alloys as the lunar landing rocket production accelerates [16][41]. - Western Materials (002149) specializes in titanium alloys and rare metal composite materials, providing lightweight components for lunar landing vehicles. The company is expected to see growing demand for its special materials as the lunar landing spacecraft development accelerates [17][42]. - Hailanxin (300065) focuses on marine electronic information and aerospace recovery measurement and control systems, providing critical support for lunar landing return missions. The company is expected to see rapid growth in its measurement and control business as lunar landing return tasks are implemented [18][43]. Group 7 - Jieli Rigging (002342) specializes in special rigging and lifting equipment, providing critical components for the safe recovery of lunar landing rockets. The company is expected to see increasing demand for its special rigging solutions as the technology for reusable rockets becomes more prevalent [19][44]. - China Shipbuilding (600150) is a leading shipbuilding company, focusing on the construction of marine recovery platforms for lunar landing missions. The company is expected to see continued growth in its recovery platform construction business as lunar landing tasks progress [20][45]. - Chaojie Co., Ltd. (301005) specializes in high-strength fasteners and precision structural components, providing critical fasteners for rockets and spacecraft. The company is expected to see growing demand for its fasteners as the lunar landing program moves into mass production [21][46]. - Yingliu Co., Ltd. (603308) focuses on high-temperature alloy castings and aerospace precision components, providing critical parts for rocket engines. The company is expected to see strong demand for its core components as the lunar landing rocket production accelerates [22][47].

每经AI快讯，有投资者在投资者互动平台提问：请问公司是否直接或间接向SpaceX供货？ 振华科技（000733.SZ）2月11日在投资者互动平台表示，公司目前暂未与SpaceX建立业务合作。请注意 投资风险。 （文章来源：每日经济新闻） ...

Group 1 - The company, Zhenhua Technology (000733.SZ), has stated that it has not yet established any business cooperation with SpaceX [1]

Group 1 - The company, Zhenhua Technology (振华科技), has stated that it has not yet established any business cooperation with SpaceX [1]

Investment Rating - The report assigns a "Buy" rating to the company with a target price of 71.40 CNY [5][11][15]. Core Insights - The company has a strong foothold in the defense technology industry, focusing on basic components and electronic functional materials, which are widely used in key national projects and civilian applications. The steady growth of the defense budget and demand from various downstream sectors support the company's resilience and growth potential [2][11][23]. - The company is expected to achieve net profits of 9.41 billion CNY, 11.14 billion CNY, and 11.78 billion CNY from 2025 to 2027, with corresponding EPS of 1.70 CNY, 2.01 CNY, and 2.13 CNY [11][15]. - The company is positioned as a leading supplier of high-reliability electronic components, benefiting from a comprehensive product portfolio and strong system-level support capabilities [11][23]. Financial Summary - Total revenue is projected to be 7,789 million CNY in 2023, with a decrease to 5,219 million CNY in 2024, followed by a gradual increase to 7,051 million CNY by 2027, reflecting a compound annual growth rate (CAGR) of 14.0% from 2025 to 2027 [4][17]. - Net profit attributable to shareholders is forecasted to decline to 970 million CNY in 2024, before recovering to 1,178 million CNY by 2027 [4][17]. - The company’s net asset return rate is expected to stabilize around 6.7% from 2026 onwards [4]. Business Overview - The company specializes in new electronic components, which accounted for nearly 100% of its revenue in 2024, highlighting its market dominance in this sector [35]. - The company’s product offerings include resistors, capacitors, integrated circuits, and electronic functional materials, which are essential for both military and civilian applications [23][31]. - The company is actively investing in R&D to enhance its product capabilities and maintain its competitive edge in high-reliability electronic components [11][33]. Industry Outlook - The electronic components industry is expected to continue expanding, driven by increasing demand across various sectors, including consumer electronics, automotive electronics, and industrial automation [39][43]. - The global electronic components market is projected to grow from 448.4 billion USD in 2026 to 870.93 billion USD by 2035, with a CAGR of 7.2% [43]. - The company is well-positioned to benefit from structural growth opportunities in the electronic components sector, particularly in the context of rising defense budgets and advancements in technology [11][39].

证券代码：000733 证券简称：振华科技 公告编号：2026-002 中国振华（集团）科技股份有限公司 关于公司职工董事离任的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、董事离任情况 中国振华（集团）科技股份有限公司（以下简称公司）董事会于近日 收到公司工会发来的《振华科技工会委员会决议》。因工作调动，左才凤 女士申请辞去公司职工董事职务，经公司工会委员会审议，左才凤女士不 再担任公司职工董事职务，亦不再担任公司审计委员会、提名委员会委员。 左才凤女士原定任职期间为 2024 年 12 月 3 日至 2027 年 12 月 2 日， 根据《公司法》《深圳证券交易所上市公司自律监管指引第 1 号--主板 上市公司规范运作（2025 年修订）》和公司《章程》的规定，左才凤女 士的离任未导致公司董事会成员人数低于法定最低人数，不会影响公司董 事会的正常运作，其离任材料自送达董事会之日起生效，离任生效时间为 2026 年 2 月 2 日。公司将按照相关法定程序尽快完成补选职工董事的相 关事宜。 公司及公司董事会对左才凤女士在任职期间的勤勉工作和为公司发 ...