Group 1 - The "drone swarm + robotic dog" collaborative system has been showcased, with Kesi Technology's control chip achieving millisecond-level response for hundreds of devices, and the procurement budget for a single system exceeding 50 million yuan [1] - As of August 4, 2025, the CSI Defense Index (399973) rose by 0.56%, with notable increases in constituent stocks such as Haige Communication (002465) up 3.11% and AVIC Aircraft (600038) up 2.29% [1] Group 2 - The current "14th Five-Year Plan" is nearing its conclusion, and the upcoming September 3 military parade is expected to catalyze a significant reshaping of the military industry sector, which has shown a strong upward trend recently [2] - The military industry is anticipated to enter a new phase of growth and value, moving away from previous cyclical fluctuations driven solely by events, supported by the strategic goal of building a world-class military by 2050 [2] Group 3 - The Defense ETF closely tracks the CSI Defense Index, which includes listed companies under the ten major military groups and those providing weaponry to the armed forces, reflecting the overall performance of defense industry stocks [3] - As of July 31, 2025, the top ten weighted stocks in the CSI Defense Index accounted for 43.88% of the index, with companies like AVIC Shenyang Aircraft (600760) and AVIC Engine (600893) among the leaders [3]

Macro Analysis - The political bureau meeting on July 30, 2025, appeared "plain," but it reflects a stable economic outlook for the first half of 2025, aligning with expectations[5] - The meeting confirmed a consistent policy direction since September 2024, indicating effective policy tools and measures[5] - Short-term pressures are manageable, allowing for strategic focus on domestic demand, reform, risk mitigation, and improving living standards[5] Investment Strategy - A "barbell strategy" is recommended, favoring both financial and resource sectors while also targeting growth opportunities in AI applications and innovative pharmaceuticals[10] - The 10-year government bond yield is expected to fluctuate between 1.6% and 1.75% due to low inflation and interest rates[10] - Gold is projected to benefit from "de-dollarization" and debt monetization in the long term, despite short-term fluctuations due to currency appreciation[10] Company Performance Highlights - Zijin Mining (601899.SH) anticipates a 6% increase in copper production to 1.07 million tons in 2024, with a target of 1.5-1.6 million tons by 2028[11] - Shandong Gold (600547.SH) expects a 10.51% increase in gold production to 46.17 tons in 2024, driven by improved mining operations and resource acquisitions[15] - China Hongqiao (1378.HK) reported a 14.69% increase in revenue to CNY 156.17 billion in 2024, with net profit rising by 95.21% to CNY 22.37 billion, supported by rising alumina prices[16] Risks and Challenges - Risks include potential underperformance of policies, slower economic recovery, and significant price drops in metals like gold and copper[7] - The performance of companies like GuoBo Electronics (688375.SH) is under pressure due to declining revenues, with a 27.36% drop in total revenue to CNY 2.591 billion[32] - WanHua Chemical (600309.SH) faces short-term profit pressures due to asset impairments and market fluctuations, with a projected net profit margin of 8.1% in 2025[36]

证券日报网讯 8月1日晚间，海格通信发布公告称，截至2025年7月31日，公司暂未实施股份回购。 （文章来源：证券日报） ...

Market Overview - The Shanghai Composite Index fell by 0.37% on August 1, with 14 industries rising, led by Environmental Protection and Media, which increased by 0.88% and 0.82% respectively. The industries with the largest declines were Oil & Petrochemicals and Defense & Military, down by 1.79% and 1.47% respectively [1] Capital Flow Analysis - The net outflow of capital from the two markets was 34.062 billion yuan, with 7 industries experiencing net inflows. The Banking sector saw the largest net inflow of 1.847 billion yuan, rising by 0.22%, followed by the Power Equipment sector, which increased by 0.54% with a net inflow of 1.263 billion yuan [1] - A total of 24 industries experienced net outflows, with the Electronics sector leading with a net outflow of 9.177 billion yuan, followed by the Communications sector with a net outflow of 3.962 billion yuan. Other sectors with significant outflows included Non-Bank Financials, Computers, and Nonferrous Metals [1] Defense & Military Industry Performance - The Defense & Military industry declined by 1.47%, with a total net outflow of 2.362 billion yuan. Out of 139 stocks in this sector, 45 rose while 90 fell, including 1 stock that hit the daily limit down. There were 49 stocks with net inflows, with the highest being Tianhe Defense, which saw a net inflow of 103 million yuan [2] - The stocks with the largest net outflows included Changcheng Military Industry, Inner Mongolia First Machinery, and AVIC Shenfei, with net outflows of 441 million yuan, 241 million yuan, and 212 million yuan respectively [2] Top Gainers in Defense & Military Sector - The top gainers in the Defense & Military sector included: - Tianhe Defense: +3.03%, 102.703 million yuan net inflow - Haige Communication: -0.38%, 90.386 million yuan net inflow - Aileda: +4.85%, 89.375 million yuan net inflow - Guanshang Technology: +12.75%, 78.186 million yuan net inflow - Shanghai Hanhua: +2.20%, 70.556 million yuan net inflow [2][4] Top Losers in Defense & Military Sector - The stocks with the largest net outflows in the Defense & Military sector included: - Changcheng Military Industry: -1.79%, -440.880 million yuan net outflow - Inner Mongolia First Machinery: -5.59%, -241.289 million yuan net outflow - AVIC Shenfei: -3.89%, -211.620 million yuan net outflow - Beifang Navigation: -7.05%, -210.197 million yuan net outflow - AVIC Chengfei: -2.79%, -191.764 million yuan net outflow [4]

证券代码：002465 证券简称：海格通信 公告编号：2025-040 号 广州海格通信集团股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 广州海格通信集团股份有限公司（以下简称"公司"）分别于 2025 年 3 月 28 日召开第六届董事会第二十六次会议、2025 年 4 月 25 日召开 2024 年年度股 东大会，审议通过了《关于回购公司股份方案的议案》，公司将使用自有资金和 回购专项贷款以集中竞价交易方式回购公司部分社会公众股股份，用于员工持股 计划或者股权激励。本次回购金额不低于人民币 20,000 万元（含），且不超过人 民币 40,000 万元（含），回购价格不超过人民币 17.60 元/股（含），具体回购股 份数量以回购完毕或回购实施期限届满时实际回购的股份数量为准。回购股份的 实施期限自公司股东大会审议通过回购股份方案之日起不超过 12 个月。详见公 司分别于 2025 年 3 月 29 日、2025 年 4 月 26 日披露在《中国证券报》《证券时 报》《证券日报》《上海证券报》和巨潮资讯网（www ...

金融界消息 截至2025年8月1日收盘，海格通信（002465）报收于13.19元，下跌0.38%，换手率3.61%， 成交量89.41万手，成交金额11.76亿元。 资金流向方面，今日主力资金净流入1.11亿元，占比成交额9.4%。其中，超大单净流入7014.80万元、 占成交额5.96%，大单净流入4044.20万元、占成交额3.44%，中单净流出流出3822.09万元、占成交额 3.25%，小单净流出7236.90万元、占成交额6.15%。 海格通信最新一期业绩显示，截至2025一季报，公司营业总收入10.40亿元、同比减少9.15%，归属净利 润4558.88万元，同比增长7.25%，扣非净利润2396.85万元，同比增长1.93%，流动比率2.673、速动比率 2.399、资产负债率34.15%。 天眼查商业履历信息显示，广州海格通信集团股份有限公司，成立于2000年，位于广州市，是一家以从 事研究和试验发展为主的企业。企业注册资本248183.3948万人民币，实缴资本24750.651万人民币。公 司法定代表人为余青松。 通过天眼查大数据分析，广州海格通信集团股份有限公司共对外投资了29家企业， ...

Group 1 - Guangzhou Haige Defense Technology Co., Ltd. has been established with a registered capital of 10 million yuan, focusing on the manufacturing and sales of intelligent unmanned aerial vehicles, as well as computer hardware and software [1] - The company is co-owned by Haige Communication (002465) and other partners, with Haige Communication holding a 58% stake [3] - The business scope includes engineering and technology research, electronic equipment manufacturing, and software development, among other activities [2][3] Group 2 - The company is located in Zengcheng District, Guangzhou, and is registered with the local market supervision administration [2] - The shareholders include Xi'an Zhengtu Defense Technology Partnership and Xi'an Deep Sleep Intelligent Control Technology Co., Ltd., holding 22% and 20% stakes respectively [3] - The company is classified under the national standard industry for engineering and technology research and experimental development [2]

天眼查商业履历信息显示，广州海格通信集团股份有限公司，成立于2000年，位于广州市，是一家以从 事研究和试验发展为主的企业。企业注册资本248183.3948万人民币，实缴资本24750.651万人民币。公 司法定代表人为余青松。 通过天眼查大数据分析，广州海格通信集团股份有限公司共对外投资了29家企业，参与招投标项目1772 次，知识产权方面有商标信息55条，专利信息928条，此外企业还拥有行政许可63个。 来源：金融界 金融界消息 截至2025年7月31日收盘，海格通信（002465）报收于13.24元，上涨0.08%，换手率 3.26%，成交量80.83万手，成交金额10.78亿元。 资金流向方面，今日主力资金净流入1609.85万元，占比成交额1.49%。其中，超大单净流入1416.52万 元、占成交额1.31%，大单净流入193.33万元、占成交额0.18%，中单净流出流出3631.80万元、占成交 额3.37%，小单净流入2021.95万元、占成交额1.88%。 海格通信最新一期业绩显示，截至2025一季报，公司营业总收入10.40亿元、同比减少9.15%，归属净利 润4558.88万元，同比增长 ...

而低轨星座计划的蓬勃发展，北斗技术的逐步突破，自主高精度定位及时空数据产业具备较为完善的基 础设施，或将进入商业化发展阶段。"星网+北斗"将构成时空数据要素基准技术支撑体系。 公司方面，其表示包括： 据环球时报报道，伊朗正制定一项定位服务迁移计划，逐步将交通导航、农业监测、物联网等关键领域 的定位系统从GPS迁移至中国北斗导航系统。"北斗系统不仅架构先进、定位精度高，尤其在亚洲地区 具备显著的覆盖优势，而且其控制权由中国自主掌握，而非受控于美国。"伊朗高官说道。 《2025中国卫星导航与位置服务产业发展白皮书》显示，北斗作为联合国认可的全球卫星导航系统核心 供应商，签署了中俄、中巴、中阿、中沙、中白等合作文件，全面进入民航、海事、移动通信等11个国 际组织的标准体系，持续扩大北斗国际"朋友圈"，产品出口140余个国家和地区，在尼日利亚、突尼斯 等30多个非洲国家建设北斗CORS站，为当地国土测绘、水利、交通、农业、林业、采矿、车辆管理、 气象监测等多个领域提供高精度位置服务。 方正证券分析称，随着北斗建设"三步走"持续推进，北斗规模应用已进入市场化、产业化、国际化发展 关键阶段。"通、导、遥"三位一体，新一代 ...

数据来源：天眼查APP 证券之星消息，根据天眼查APP数据整理，近日，广州海格防务技术有限公司成立，法定代表人为邓 珂，注册资本1000万元，经营范围包含：工程和技术研究和试验发展;电子(气)物理设备及其他电子设备 制造;通信设备制造;通信设备销售;导航终端制造;导航终端销售;智能控制系统集成;电机及其控制系统研 发;火箭控制系统研发;雷达及配套设备制造;太赫兹检测技术研发;光学仪器制造;光学仪器销售;智能无人 飞行器制造;智能无人飞行器销售;计算机软硬件及外围设备制造;计算机软硬件及辅助设备零售;计算机 系统服务;信息系统集成服务;软件开发;技术服务、技术开发、技术咨询、技术交流、技术转让、技术推 广;货物进出口;技术进出口。天眼查APP股权穿透显示，该公司由海格通信、西安征途防务技术合伙企 业(有限合伙)、西安深瞳智控技术有限公司共同持股。 ...