Core Viewpoint - Guangqi Technology has achieved significant advancements in its supermaterial technology, leading to substantial revenue growth and market expansion, particularly in the civil and low-altitude economy sectors [1][5]. Group 1: Company Achievements - Guangqi Technology's subsidiary, Shenzhen Guangqi Supermaterial Technology Co., has successfully passed the CNAS qualification expansion assessment, enhancing its testing capabilities in composite materials and coatings [1]. - The company reported a revenue of 943 million yuan for the first half of 2025, a year-on-year increase of 10.70%, with net profit reaching 386 million yuan, up 6.75% [1]. - Supermaterial product revenue contributed 936 million yuan, marking a 47.35% increase, becoming the main driver of performance growth [1][2]. Group 2: Financial Performance - The proportion of revenue from supermaterial products rose from 74.55% to 99.23% year-on-year [2]. - The overall gross margin for Guangqi Technology increased to 55.06%, up 1.66 percentage points, while the gross margin for supermaterial products reached 54.95%, an increase of 0.26 percentage points [2]. - In 2024, supermaterial batch production revenue was 1.269 billion yuan, with a staggering growth of 911.24% in research income [2]. Group 3: Production Capacity and Expansion - The company has initiated large-scale production expansion in three locations: Zhuzhou, Tianjin, and Leshan, to meet the increasing demand for supermaterial products [3][4]. - The Zhuzhou 905 base is expected to begin large-scale production in October, while the Tianjin 906 base is on track for November [4]. - The company has established eight subsidiaries to cover the entire supply chain, ensuring coordinated production capacity across upstream, midstream, and downstream operations [3]. Group 4: Market Development - Guangqi Technology has accumulated a number of potential clients and application areas in the civil market, establishing a first-mover advantage [5]. - The company is actively involved in the low-altitude economy and has completed multiple extreme environment tests for its products [5]. - Guangqi Technology has invested in Leshan Tianqiong, an AI-driven drone manufacturer, to strengthen its position in the drone industry [6]. Group 5: Strategic Initiatives - The company aims to enhance the drone industry ecosystem through strategic partnerships and resource integration, focusing on the entire supply chain from core component R&D to application services [6]. - Guangqi Technology plans to continue exploring high-potential segments within the civil drone market, leveraging technology and capital collaboration [6].

Core Viewpoint - The announcement by Guangqi Technology regarding its subsidiary's successful accreditation by CNAS marks a significant upgrade in its testing capabilities in the metamaterials sector, enhancing efficiency and reducing costs associated with external testing [1][2] Group 1: Company Developments - Guangqi Technology's subsidiary, Shenzhen Guangqi Metamaterials Technology Co., Ltd., has successfully passed the CNAS accreditation expansion, indicating an upgrade in its testing capabilities [1] - The testing center is equipped with advanced testing systems, including high-precision scattering characteristic testing fields and the largest multi-probe spherical near-field testing system in Asia, which supports comprehensive testing from material characteristics to final product validation [1][2] - The company plans to have a total of 21 microwave anechoic chambers by the fourth quarter of 2025, which will significantly enhance its capacity for large-scale delivery and production of metamaterials [2] Group 2: Industry Implications - The CNAS accreditation expansion is a key move in Guangqi Technology's "metamaterials + AI" dual-driven strategy, positioning the company to capitalize on the growing applications of metamaterials in aerospace, new energy, and smart automotive sectors [2] - Companies with comprehensive testing capabilities and dual advantages in "technology + manufacturing" are expected to gain a competitive edge in the rapidly developing industry [2]

Core Viewpoint - The announcement by Guangqi Technology regarding the successful accreditation of its subsidiary's testing center marks a significant upgrade in its capabilities in the metamaterials field, enhancing efficiency and reducing costs associated with external testing [1][2]. Group 1: Testing Center Accreditation - Guangqi Technology's subsidiary, Shenzhen Guangqi Metamaterials Technology Co., Ltd., received expanded accreditation from the China National Accreditation Service for Conformity Assessment (CNAS) on August 28, 2023, indicating a substantial enhancement in its testing capabilities [1][2]. - The initial CNAS accreditation in July 2023 focused on "electromagnetic property testing," which was crucial for the company's metamaterial product development [2]. Group 2: Expanded Testing Capabilities - The recent expansion in August 2025 includes new testing capabilities in composite materials and coatings, while also deepening existing capabilities in geometric testing, electromagnetic property testing, and non-destructive testing [2]. - The testing center's metrology capabilities have been broadened to include 12 calibration procedures or standards across mechanical and thermal testing, aligning with international advanced standards [2]. Group 3: Equipment and Infrastructure - The testing center is equipped with high-precision scattering characteristic testing facilities, including a low-frequency far-field antenna testing system and the largest multi-probe spherical near-field testing system in Asia [3]. - A total of 21 microwave anechoic chambers will be operational by the fourth quarter of 2025, addressing the challenges of relying on external testing and facilitating rapid mass production and market delivery of metamaterial products [3]. Group 4: Industry Collaboration and Innovation - The testing capabilities not only support the company's product development but also empower various advanced manufacturing sectors such as smart automotive, communications, and renewable energy through technology spillover [4]. - Collaborations with multiple enterprises and academic institutions aim to enhance testing technology and industry integration, fostering innovation and accelerating the transformation of cutting-edge technological achievements [4].

Group 1 - The core viewpoint of the article highlights the significant changes in stock holdings by securities firms during the second quarter, with a focus on industries such as basic chemicals, machinery, automotive, and pharmaceuticals [1] - Securities firms collectively increased their positions in 63 stocks during the second quarter, with notable additions including Zhongke Titanium White, New Mileage, Jiangzhong Pharmaceutical, and Yuntianhua [1] - Several companies, including Chuanheng Co., Furan Energy, Ruida Futures, and Zhejiang Huaye, received attention from at least three securities firms, indicating strong interest [1] Group 2 - In terms of holding scale, data from Choice shows that Jiangsu Bank, Yong'an Futures, CITIC Securities, and Sinopec have the highest total shareholdings among securities firms [1] - As of the closing price on June 30, 2025, Jiangsu Bank leads with a holding market value of 11.026 billion yuan, followed by CITIC Securities and Yong'an Futures with 9.208 billion yuan and 6.507 billion yuan respectively [1] - Other companies such as Muyuan Foods, Cangge Mining, Sinopec, and Guangqi Technology also have significant market values in securities holdings [1]

两融数据显示，该股最新融资余额为69.86亿元，近5日增加2.35亿元，增幅为3.48%。（数据宝） 8月29日光启技术大宗交易一览 | 成交量 （万 | 成交金额 | 成交价 格 | 相对当日收盘 折溢价（%） | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | 股） | （万元） | （元） | | | | | 294.00 | 15496.74 | 52.71 | -3.00 | 华福证券有限责任公司上海浦明 | 中信证券股份有限 | | | | | | 路证券营业部 | 公司深圳分公司 | | 160.30 | 8449.41 | 52.71 | -3.00 | 招商证券股份有限公司深圳福华 | 中信证券股份有限 | | | | | | 三路证券营业部 | 公司深圳分公司 | | 137.70 | 7258.17 | 52.71 | -3.00 | 万联证券股份有限公司上海浦东 | 中信证券股份有限 | | | | | | 新区世纪大道证券营业部 | 公司深圳分公司 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章 ...

Market Overview - The Shanghai Composite Index rose by 0.37% on August 29, with 17 out of the 28 sectors experiencing gains, led by the comprehensive and electric equipment sectors, which increased by 3.86% and 3.12% respectively [1] - The defense and military industry saw an increase of 0.76% [1] - The sectors with the largest declines were household appliances and transportation, which fell by 1.82% and 1.69% respectively [1] Capital Flow Analysis - The main capital flow showed a net outflow of 69.47 billion yuan across the two markets, with 7 sectors experiencing net inflows [1] - The electric equipment sector led the net inflow with 3.12% increase and a total inflow of 3.13 billion yuan, followed by the food and beverage sector with a 2.42% increase and an inflow of 1.63 billion yuan [1] - The computer sector had the largest net outflow, totaling 17.30 billion yuan, followed by the electronics sector with a net outflow of 13.11 billion yuan [1] Defense and Military Industry Performance - The defense and military industry had a net inflow of 919 million yuan, with 76 out of 139 stocks in the sector rising [2] - The top three stocks with the highest net inflow were China Satellite Communications with 916 million yuan, Great Wall Military with 301 million yuan, and North Navigation with 261 million yuan [2] - The sector also had 6 stocks with net outflows exceeding 100 million yuan, led by Guangqi Technology with a net outflow of 754 million yuan [4] Top Gainers in Defense and Military Industry - The top gainers in the defense and military sector included: - China Satellite Communications: +8.82%, turnover rate 5.38%, net inflow 915.68 million yuan - Great Wall Military: +10.00%, turnover rate 15.52%, net inflow 301.08 million yuan - North Navigation: +5.79%, turnover rate 9.31%, net inflow 261.12 million yuan [2] Top Losers in Defense and Military Industry - The top losers in the defense and military sector included: - Guangqi Technology: -1.50%, turnover rate 2.66%, net outflow 754.39 million yuan - Jingjia Micro: -3.30%, turnover rate 6.56%, net outflow 271.68 million yuan - China Satellite: +1.90%, turnover rate 11.46%, net outflow 126.12 million yuan [4]

Core Viewpoint - Guangqi Technology (002625.SZ) has successfully passed the national CNAS expansion qualification recognition for its metamaterials testing center, enhancing its testing capabilities across various domains [1] Group 1: Testing Capabilities - The testing capabilities now cover composite materials, environmental testing, geometric testing, electromagnetic property testing, non-destructive testing, thermal testing, and coating capabilities [1] - The metamaterials testing center has also received CNAS recognition for its metrology testing capabilities, which includes a total of 12 calibration procedures or standards across mechanics and thermal testing [1]

Core Viewpoint - Guangqi Technology (002625.SZ) successfully passed the national CNAS expansion qualification recognition for its metamaterials testing center on August 28, 2025, enhancing its testing capabilities across various domains [1] Summary by Categories Testing Capabilities - The recognition expands the testing capabilities to include composite materials, environmental testing, geometric testing, electromagnetic property testing, non-destructive testing, thermal testing, and coating capabilities [1] Calibration and Measurement - The metamaterials testing center also received CNAS recognition for its metrology testing capabilities, covering a total of 12 calibration procedures or standards in the categories of mechanics and thermodynamics [1]

二、基本情况 证券代码：002625 证券简称：光启技术 公告编号：2025-068 光启技术股份有限公司 关于全资子公司测试中心通过国家CNAS扩项资质认 定的自愿性信息披露公告 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、背景情况 2023 年 7 月，光启技术股份有限公司（以下简称"公司"）全资子公司深 圳光启超材料技术有限公司（以下简称"光启超材料"）收到中国合格评定国家 认可委员会（CNAS）下发的实验室认可证书（注册号：CNAS L18631，生效日 期：2023 年 7 月 7 日，截止日期：2029 年 7 月 6 日）。具体内容详见公司披露 于《上海证券报》《证券时报》《证券日报》及巨潮资讯网（http://www.cninfo.com.cn） 上的《关于全资子公司与中汽研汽车检验中心（天津）有限公司成立汽车紧缩场 联合创新实验室的自愿性信息披露公告》（公告编号：2023-064）。 2024 年 8 月，光启超材料测试中心顺利通过国家 CNAS 扩项资质认定。认 可检测能力范围从最初的"超材料电磁特性试验"能力，进一步覆盖到力学性能 ...

Summary of Key Points Core Viewpoint - On August 29, Guangqi Technology executed a block trade of 5.92 million shares, amounting to 312 million yuan, which represented 9.06% of the total trading volume for the day, with a transaction price of 52.71 yuan, reflecting a 3% discount compared to the market closing price of 54.34 yuan [1]. Trading Details - The block trade on August 29 involved the following details: - Transaction price: 52.71 yuan - Total volume: 592,000 shares - Total transaction value: 312 million yuan - Percentage of total trading volume: 9.06% [1] - Specific trading data includes: - Buyer: Huafu Securities, with a volume of 294,000 shares and a transaction value of approximately 154.97 million yuan [2] - Buyer: China Merchants Securities, with a volume of 160,300 shares and a transaction value of approximately 84.49 million yuan [2] - Buyer: Lian Securities, with a volume of 137,700 shares and a transaction value of approximately 72.58 million yuan [2]