行 业 及 产 业 国防军工 行 业 研 究 / 行 业 点 评 证 券 研 究 报 告 证券分析师 韩强 A0230518060003 hanqiang@swsresearch.com 武雨桐 A0230520090001 wuyt@swsresearch.com 穆少阳 A0230524070009 musy@swsresearch.com 研究支持 达邵炜 A0230124030001 dasw@swsresearch.com 联系人 达邵炜 A0230124030001 dasw@swsresearch.com 2026 年 01 月 13 日 商业航天催化持续，继续加大军工 行业关注度 看好 ——国防军工行业周报（2026 年第 2 周） 本期投资提示： ⚫ 上周申万国防军工指数上涨 13.63%，中证军工龙头指数上涨 15.29%，同期上证综指 上涨 3.82%，沪深 300 上涨 2.79%，创业板指上涨 3.89%，申万国防军工指数跑赢创 业板指、跑赢沪深 300、跑赢上证综指、跑输军工龙头指数。1、从细分板块来看，上 周国防军工板块 13.63%的涨幅在 31 个申万一级行业涨跌幅排名第 2 ...

（文章来源：证券时报网） 银河电子上演"天地板"行情，股价从涨停到跌停，截至09:51，该股成交量2.38亿股，成交额26.14亿 元，振幅达20.05%，换手率21.28%。（数据宝） ...

| 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 2026.01.12 | 9.97 | 3.89 | -5531.29 | | 2026.01.09 | 10.02 | 6.75 | -7694.45 | | 2026.01.08 | 9.98 | 16.25 | 5229.87 | | 2026.01.07 | 9.95 | 1.35 | 1909.14 | | 2026.01.06 | 9.96 | 5.70 | 4202.81 | | 2026.01.05 | 10.03 | 10.79 | 25401.05 | | 2025.12.31 | 1.41 | 15.36 | 3559.38 | | 2025.12.30 | 1.43 | 15.15 | 2905.96 | | 2025.12.29 | 0.80 | 12.84 | 974.20 | | 2025.12.26 | 2.29 | 15.84 | 2824.10 | 龙虎榜数据显示，该股因连续三个交易日内，涨幅偏离值累计达20%上榜龙虎榜2次，买卖居前营业 ...

"苏州板块"个股表现亮眼。其中，新点软件、康众医疗和天银机电分别收获20%涨停，银河电子、 中衡设计同步涨停，昀冢科技、迈为股份、聚杰微纤和东微半导涨幅均超10%。 市场热点轮番活跃。AI应用概念全线爆发，互联网、文化传媒、软件等多个相关板块的指数涨幅 均超5%。商业航天概念则延续强势表现，Wind商业航天指数大涨8.45%,板块内牛股扎堆涌现。 昨天（1月12日），A股市场延续强势格局。截至收盘，三大指数集体收涨，上证指数涨1.09%报 4165.29点，深证成指涨1.75%报14366.91点，创业板指涨1.82%报3388.34点。全市场成交额36445亿元， 创历史新高，较上日成交额放大4922亿元。 值得注意的是，银河电子已经连续收获6个涨停，股价表现格外抢眼。业内人士分析认为，商业航 天概念持续走热是银河电子股价大涨的核心推手。据悉，公司参股上海格思航天科技有限公司，该公司 聚焦民商卫星研发设计与智能制造整体解决方案，为"千帆星座"核心的卫星制造单位。 消息面上，国际电信联盟最新公示显示，中国已提交大规模卫星组网申请，计划新增20.3万颗卫星 组建14个卫星星座。此次申报创下国内卫星网络建设规模新 ...

证券日报网讯 1月12日，银河电子发布公告称，公司股票于2026年1月8日、1月9日、1月12日连续三个 交易日收盘价格涨幅累计偏离值超过20%，属于股票交易异常波动的情况。经核实，公司及控股股东银 河电子集团投资有限公司近期不存在应披露而未披露的重大事项或其他处于筹划阶段的重大事项；近期 公共传媒未报道可能或已经对本公司股票交易价格产生较大影响的未公开重大信息；公司未发现前期披 露的信息存在需要更正、补充之处。 （文章来源：证券日报） ...

每经AI快讯，1月12日，Wind数据显示，A股市场共计202只个股涨停。其中，机器人板块锋龙股份收获 12连板；商业航天板块多股连板，银河电子6连板、中国一重4连板。 每经AI快讯，1月12日，Wind数据显示，A股市场共计202只个股涨停。其中，机器人板块锋龙股份收获 12连板；商业航天板块多股连板，银河电子6连板、中国一重4连板。 ...

连板股追踪丨A股今日共202只个股涨停 这只机器人股12连板 1月12日，Wind数据显示，A股市场共计202只个股涨停。其中机器人板块锋龙股份收获12连板；商业航 天板块多股连板，银河电子6连板、中国一重4连板。一图速览今日连板股>> ...

Market Overview - The market showed strong fluctuations throughout the day, with all three major indices rising over 1%, and the Shanghai Composite Index achieving a 17-day consecutive rise [1] - AI application sectors experienced a significant surge, with stocks like BlueFocus and Hand Information hitting the daily limit [1] - The commercial aerospace concept continued its strong performance, with China Satellite and China Satcom both reaching new highs [1] - The brain-computer interface concept was also active, with stocks like DaoTech and Yanshan Technology hitting the daily limit [1] - Over 4,100 stocks in the Shanghai, Shenzhen, and Beijing markets rose, with a total transaction volume of 3.64 trillion, setting a new record for daily trading in A-shares [1] AI Marketing - The AI marketing concept saw a wave of limit-up stocks, including Gravity Media, Leo Holdings, and BoRui Communication [4] - Elon Musk announced on social media that he would open-source the latest content recommendation algorithm for the X platform within a week, interpreted by the market as his entry into the GEO space [4] - DeepSeek is set to release its next-generation flagship AI model, DeepSeek V4, in February, which reportedly outperforms major models like Anthropic Claude and OpenAI GPT series in programming capabilities [4][7] - Anthropic's Claude Code received a significant update, marking a new phase in global AI programming competition [4] Aerospace Sector - The aerospace sector continued to rise, with stocks like Luxin Investment, Goldwind Technology, and Daye Shares hitting the daily limit [10] - China applied for frequency resources for over 200,000 satellites, indicating a strategic national-level initiative [11] - Experts believe that the establishment of the Radio Innovation Institute will accelerate the 6G process, integrating satellite networks with ground communication networks [14] AI Medical - The AI medical sector also performed well, with companies like Meinian Health and Dean Diagnostics seeing consecutive gains [15] - OpenAI launched "ChatGPT Health," a health-related dialogue space that connects electronic medical records and health applications [15] - The demand for AI in healthcare is expected to grow significantly, driven by an aging population and an increase in chronic disease patients [18]

Market Overview - The ground equipment sector increased by 2.75% on January 12, with Guoke Military leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] Stock Performance - Guoke Vehicle (688543) closed at 83.78, up 12.16% with a trading volume of 313,600 shares [1] - Galaxy Electronics (002519) closed at 11.47, up 9.97% with a trading volume of 434,800 shares [1] - North Navigation (600435) closed at 21.87, up 5.75% with a trading volume of 2,436,500 shares [1] - Inner Mongolia First Machinery (600967) closed at 19.54, up 2.57% with a trading volume of 1,252,200 shares [1] - Other notable stocks include Jieqiang Equipment (300875) up 2.09% and Tianzuo Equipment (300922) up 1.90% [1] Capital Flow - The ground equipment sector experienced a net outflow of 335 million yuan from institutional investors and 147 million yuan from retail investors, while retail investors saw a net inflow of 482 million yuan [2] - The capital flow for individual stocks shows varied trends, with Guoke Military experiencing a net inflow of 290 million yuan from institutional investors [3] - North Navigation had a net inflow of 113 million yuan from institutional investors, while Inner Mongolia First Machinery saw a net inflow of 24.82 million yuan [3]

人民财讯1月12日电，银河电子（002519）1月12日发布股价异动公告称，公司股票连续30个交易日 (2025年11月28日至2026年1月12日)收盘价涨幅累计为145.61%。公司股价短期涨幅较大，存在市场情绪 过热，非理性炒作风险，请投资者注意二级市场交易风险，理性决策，审慎投资。 ...