（编辑 丛可心 王雪儿） 证券日报网讯 12月10日，海格通信在互动平台回答投资者提问时表示，在卫星通信领域，公司深度参 与国家卫星互联网重大工程项目。公司积极拓展空间段新领域，从核心部件切入，布局卫星通信载荷领 域（含激光通信）。 ...

Core Insights - The ETF market has seen a resurgence with five products achieving over 100% annual returns as of December 9, 2025, particularly in the technology sector, including communication equipment and artificial intelligence [1][10]. Performance Overview - The top-performing ETFs with over 100% returns include: - Guotai CSI All-Share Communication Equipment ETF: 122.27% return, 12.45 billion in size, 6.32 years since inception, maximum drawdown of -28.87% [2][11]. - Fuguo CSI Communication Equipment Theme ETF: 111.21% return, 1.04 billion in size, 1.45 years since inception, maximum drawdown of -23.98% [2][11]. - Southern Growth Enterprise Board AI ETF: 110.15% return, 2.57 billion in size, 0.63 years since inception, maximum drawdown of -14.55% [2][11]. - Huabao Growth Enterprise Board AI ETF: 104.57% return, 3.36 billion in size, 1.01 years since inception, maximum drawdown of -31.52% [2][11]. - Guotai Growth Enterprise Board AI ETF: 100.38% return, 0.55 billion in size, 0.71 years since inception, maximum drawdown of -18.13% [2][11]. Fund Management Insights - The Fuguo CSI Communication Equipment Theme ETF, managed by Su Huaqing, has shown strong growth with a total return of 149.10% since inception and an annualized return of 87.49% [5][14]. - The fund's current size is 1.04 billion, and its investment strategy focuses on AI computing infrastructure [6][14]. Portfolio Composition - As of Q3 2025, the fund's top holdings include: - Xinyi Technology: 159.66 million, 436,500 shares, increased by 476.31% [7][15]. - Zhongji Xuchuang: 158.12 million, 391,700 shares, increased by 473.81% [7][15]. - ZTE Corporation: 64.58 million, 1,415,088 shares, increased by 472.91% [7][15]. - Other significant holdings include Tianfu Communication, Unisplendour, and AVIC Optoelectronics, with substantial increases in shareholding [8][16]. Market Trends - The market has responded positively to policies such as the commencement of major projects and the "anti-involution" strategy, leading to a recovery in undervalued cyclical sectors [8][16]. - The technology growth sector, particularly TMT (Technology, Media, and Telecommunications), has significantly outperformed the market, with a focus on AI and new energy sectors [8][16].

Core Insights - The Terahertz concept sector experienced a 1.14% increase, ranking fourth among concept sectors, with 10 stocks rising, including Shaanxi Huada and Leike Defense hitting the daily limit up of 20% [1] - The sector saw a net inflow of 721 million yuan from main funds, with Leike Defense leading the inflow at 929 million yuan [2][3] Sector Performance - The Terahertz concept was among the top-performing sectors, with notable stocks like Shaanxi Huada (20% increase), Leike Defense (10.01% increase), and Saiwei Electronics (2.74% increase) [1][2] - Conversely, stocks such as Chuangyuan Xinke, Yaguang Technology, and Tianhe Defense faced declines of 3.08%, 2.59%, and 2.14% respectively [1] Fund Flow Analysis - Leike Defense, Shaanxi Huada, and Haige Communication had the highest net inflow ratios at 15.35%, 11.20%, and 3.25% respectively [3][4] - The overall net inflow for the Terahertz concept was significant, with eight stocks receiving inflows, and five stocks exceeding 50 million yuan in net inflow [2][3]

Group 1: Commercial Aerospace - Focus on core targets in satellite manufacturing and launch sectors, which are expected to maintain stable or improving value under cost reduction trends[3] - Key targets include Shanghai Hanzhou, Zhenlei Technology, and Aerospace Electronics for satellite manufacturing, and Hai Ge Communication, Guo Bo Electronics, and Tong Yu Communication for application terminals[3] - Anticipated mergers and acquisitions in Aerospace Technology Group due to its substantial external assets[3] Group 2: Wind Power - Offshore wind power in China is experiencing rapid growth due to abundant resources and proximity to major electricity consumption centers, with significant long-term growth potential[3] - The offshore wind power installation capacity is projected to increase significantly, with various provinces planning substantial projects, such as Zhejiang's 28 GW and Guangdong's 16 GW[38] - European offshore wind construction is expected to accelerate as financing costs decrease, with an anticipated installation of 8.7 GW by 2026[40] Group 3: Hengbo Co., Ltd. - Hengbo is projected to achieve net profits of 1.52/1.77/2.05 billion yuan from 2025 to 2027, with year-on-year growth rates of 16.3%/16.6%/15.4%[3] - The company is positioned as a leading supplier in the intake system sector, leveraging its cost advantages and customer resources to expand into overseas markets[3] - The PEEK business, through joint ventures, is expected to capture significant market share in high-end manufacturing applications, particularly in humanoid robots[3] Group 4: Tool Industry - The tool industry is experiencing a supply expansion due to high profit margins attracting numerous manufacturers, leading to increased competition[3] - Rising tungsten prices are prompting raw material suppliers to demand cash payments, which may lead to the exit of smaller firms and stabilize the industry structure[3] - Major companies are expected to expand production capacity, enhancing their resilience against market fluctuations[3]

南财智讯12月9日电，海格通信公告，持有公司股份27,925,075股（约占剔除回购专用账户股份后公司总 股本的1.1341%）的股东杨海洲先生计划在本公告披露之日起15个交易日后的3个月内以集中竞价交易 方式减持本公司股份不超过3,500,000股（约占剔除回购专用账户股份后公司总股本的0.1421%）。本次 减持原因为个人资金规划，股份来源为公司首次公开发行股票前持有的股份以及因资本公积转增股本方 式取得的股份，减持价格将根据减持时市场价格确定。杨海洲先生为公司控股股东广州数字科技集团有 限公司的一致行动人，本次减持计划的实施不会导致公司控制权发生变更，也不会对公司治理结构及持 续经营产生重大影响。 ...

Group 1 - Trump announced that Nvidia is allowed to export H200 AI chips to "approved customers" in China, with the U.S. requiring a 25% revenue share from sales, applicable to companies like AMD as well [2] - The White House economic advisor Hassett stated that Trump will announce numerous positive economic messages and advocated for continued interest rate cuts by the Federal Reserve, emphasizing that the extent of cuts should depend on data [2] - Trump plans to introduce a "One Rule" executive order to streamline regulations for AI businesses, asserting that companies should not need separate approvals from all 50 states for operations [2] Group 2 - The Dow Jones fell by 0.45%, the Nasdaq decreased by 0.14%, and the S&P 500 dropped by 0.35%, with most large tech stocks declining [3][4] - Notable declines included Tesla down over 3%, Google down over 2%, and Amazon down over 1%, while Nvidia and Microsoft saw gains of over 1% [3][4] - The Nasdaq Golden Dragon China Index rose by 0.08%, with Baidu up over 3% and Xpeng up over 2%, while Netease fell over 2% [3] Group 3 - WTI crude oil futures fell by $1.20, nearly 2%, closing at $58.88 per barrel, while Brent crude oil futures dropped by $1.26, or 1.98%, to $62.49 per barrel [5][7] - Spot gold decreased by 0.13% to $4190.48 per ounce, and spot silver fell by 0.22% to $58.13 per ounce [5][7] Group 4 - OpenAI reported a 143% increase in global paid enterprise users, with over 100,000 companies using its AI products, and employees saving 40 to 60 minutes daily using AI [11] - The technology sector saw an 11-fold increase in AI usage, with rapid growth in international markets like Germany and Japan [11] Group 5 - Paramount announced a hostile takeover bid for Warner Bros. at $30 per share, totaling $108.4 billion, following Netflix's recent agreement to acquire part of Warner's core business [12] - Trump expressed his intention to be involved in the Netflix acquisition decision, citing concerns over market share [12] Group 6 - Apple’s hardware technology senior vice president denied rumors of leaving the company, while the iPhone 17 Pro series saw a price drop, with the Pro model reduced from 8999 yuan to 8699 yuan [13]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002465 证券简称：海格通信 公告编号：2025-059号 广州海格通信集团股份有限公司 关于股东股份减持计划的预披露公告 股东杨海洲先生保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 （一）股东姓名：杨海洲先生。 （二）截至本公告披露日，杨海洲先生持有公司股份27,925,075股，约占剔除回购专用账户股份后公司 总股本的1.1341%。 二、本次减持计划的主要内容 （一）减持计划的具体安排 1. 拟减持原因：个人资金规划。 2. 减持股份来源：公司首次公开发行股票前持有的股份以及因资本公积转增股本方式取得的股份。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示：持有广州海格通信集团股份有限公司（以下简称"公司"或"本公司"）股份27,925,075股（约 占剔除回购专用账户股份后公司总股本的1.1341%）的股东杨海洲先生计划在本公告披露之日起15个交 易日后的3个月内以集中竞价交易方式减持本公司股份不超过3,500,000股（约占剔除回购专用账户股份 后公司总股本的0.142 ...

Group 1 - Yangtze Power's controlling shareholder, China Three Gorges Group, increased its stake in the company by 2.884 billion yuan [1] - Zhongfu Circuit's controlling shareholder and actual controller, along with its concerted parties, plan to reduce their holdings by no more than 3% [1] - Core shareholders of Keri International, Tai Yong Kang Da, intend to reduce their holdings by no more than 3% [1] Group 2 - ST Green Kang's shareholder, Jiangsu Baixing, plans to reduce its holdings by no more than 3% [1] - Zhongzi Technology's shareholder, Yin'an Lingying, intends to reduce its holdings by no more than 3% [1] - Hongde Shares' controlling shareholder and its concerted parties plan to reduce their holdings by no more than 3% [1] Group 3 - Jingwei Huikai's director, Chen Jianbo, intends to reduce his holdings by no more than 2.50% [1] - Dongwei Technology's directors and core technical personnel plan to reduce their holdings by no more than 1.11% [1] - Guoxin Securities' Huaren Trust and FAW Investment plan to reduce their holdings by no more than 0.72% [1] Group 4 - Haige Communication's shareholder, Yang Haizhou, intends to reduce his holdings by no more than 0.14% [1] - Xiangpiaopiao's major shareholder, Yang Dongyun, plans to reduce his holdings by no more than 0.10% [1] - Tianji Shares' controlling shareholder, Shantou Tianji, reduced its holdings by 3.5199 million shares on December 8 [1] Group 5 - Yonghui Supermarket's shareholder with over 5% stake plans to reduce its holdings by 90.75 million shares from December 4 to December 8 [1] - Wentai Technology's shareholder, Wuxi Guolian Integrated Circuit Investment Center, reduced its holdings by 11.845 million shares between November 27 and December 8 [1]

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海格通信（002465）(002465.SZ)发布公告，股东杨海洲先生计划在本公告披露之日起15个交易日后的3 个月内以集中竞价交易方式减持本公司股份不超过350万股(约占剔除回购专用账户股份后公司总股本的 0.1421%)。 ...