Core Insights - The Terahertz concept sector has seen a rise of 4.47%, ranking fourth among concept sectors in terms of growth [1] - Key stocks within this sector include LeiKe Defense, Tianhai Defense, Tianhe Defense, and Haige Communication, with LeiKe Defense hitting the daily limit up [1][2] Market Performance - The Terahertz sector had a net inflow of 488 million yuan from main funds, with 8 stocks receiving net inflows and 5 stocks exceeding 50 million yuan in net inflow [2] - LeiKe Defense led the net inflow with 341 million yuan, followed by ZTE Corporation, Haige Communication, and Tianhe Defense with net inflows of 223 million yuan, 108 million yuan, and 68 million yuan respectively [2][3] Stock Performance - LeiKe Defense recorded a daily increase of 10.02% with a turnover rate of 9.45% and a net inflow ratio of 44.60% [3] - Other notable performers include ZTE Corporation with a 1.52% increase and a net inflow ratio of 7.07%, and Haige Communication with a 5.74% increase and a net inflow ratio of 6.95% [3][4]

据天眼查APP显示，天海融合防务装备技术股份有限公司成立于2001年10月29日，注册资本 172802.9133万人民币。（数据宝） （文章来源：证券时报网） 数据宝统计，截至14:48，天海防务成交额44.48亿元，创上市以来新高。最新股价上涨15.83%，换手率 32.22%。上一交易日该股全天成交额为42.58亿元。 ...

Group 1 - Tianhai Defense experienced a stock price increase of 5.28%, reaching 8.58 CNY per share, with a trading volume of 3.796 billion CNY and a turnover rate of 27.81%, resulting in a total market capitalization of 14.826 billion CNY [1] - The company, established on October 29, 2001, and listed on October 30, 2009, is located in Shanghai and operates in shipbuilding and marine engineering, military-civilian integration, and clean energy utilization [1] - The revenue composition of Tianhai Defense includes: 92.05% from ship and marine engineering design and construction contracting, 1.97% from design technical services, 1.80% from energy business, 1.75% from other products, 1.18% from defense equipment and products, 0.74% from other supplementary sources, and 0.50% from ship leasing [1] Group 2 - Southern Fund's Southern CSI 1000 ETF (512100) is among the top ten circulating shareholders of Tianhai Defense, having reduced its holdings by 118,900 shares in the third quarter, now holding 12.6489 million shares, which is 0.77% of the circulating shares [2] - The Southern CSI 1000 ETF has a current scale of 76.63 billion CNY and has achieved a year-to-date return of 20.09%, ranking 2059 out of 4209 in its category, with a one-year return of 14.36%, ranking 2433 out of 3982 [2]

E Vice I 2025 年 11 月 24 日 看好 相关研究 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 册 分歧污 达邵炜 A0230124030001 dasw@swsresearch.com 联系人 达邵炜 A0230124030001 dasw@swsresearch.com 期待"十五五"订单陆续落 大军工行业关注度 国防军工行业周报（2025年第 48 周） 本期投资提示: 上周申万国防军工指数下跌 1.72%，中证军工龙头指数下跌 2.87%，同期上证综指下 跌 3.9%, 沪深 300 下跌 3.77%, 创业板指下跌 6.15%, 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、跑赢军工龙头指数。1、从细分板块来看，上周 国防军工板块 1.72%的跌幅在 31 个申万一级行业涨跌幅排名第 4 位。2、从我们构建的 军工集团指数变化来看，上周中证民参军涨跌幅排名 ...

格隆汇11月21日丨天海防务(300008.SZ)公布，第二大股东中国长城资产管理股份有限公司（简称"长城 资产"）持有公司股份89,429,235股，占公司现有总股本比例5.18%。长城资产计划在本减持计划公告发 布之日起15个交易日后的3个月内，通过集中竞价或大宗交易方式减持公司股份不超过17,280,000股（占 公司现有总股本比例1%）。 ...

Core Insights - On November 21, eight A-share listed companies disclosed share reduction plans, with no companies announcing share increases on the same day [1][2]. Group 1: Companies and Their Share Reduction Plans - Tianyin Electromechanical: The controlling shareholder plans to reduce holdings by up to 3% [2]. - Feilong Co., Ltd.: The controlling shareholder intends to reduce holdings by no more than 2% [2]. - Zhongke Feice: The actual controller and some directors and executives plan to collectively reduce holdings by up to 0.0562% [2]. - Weihai Guangtai: The actual controller plans to reduce holdings by up to 2% [2]. - Tianhai Defense: Shareholder Changcheng Asset intends to reduce holdings by up to 1% [2]. - Fujirui: Shareholder Shanghai Zhaoren plans to reduce holdings by up to 0.21% [2]. - Zhaoyi Innovation: Some executives plan to collectively reduce 249,000 shares [2]. - Jixiang Airlines: The controlling shareholder Junyao Group intends to reduce holdings by up to 3% [2].

智通财经APP讯，天海防务(300008.SZ)发布公告，公司第二大股东中国长城资产管理股份有限公司(以 下简称"长城资产")计划在本减持计划公告发布之日起15个交易日后的3个月内，通过集中竞价或大宗交 易方式减持公司股份不超过1728万股(占公司现有总股本比例1%)。 ...

Core Viewpoint - Tianhai Defense (300008.SZ) announced that its second-largest shareholder, China Great Wall Asset Management Co., Ltd. (referred to as "Great Wall Asset"), plans to reduce its stake in the company by up to 17.28 million shares, accounting for 1% of the company's total share capital, within three months after the announcement of this reduction plan [1] Summary by Relevant Categories Shareholder Actions - Great Wall Asset intends to reduce its holdings through centralized bidding or block trading methods [1] Shareholding Impact - The planned reduction represents a decrease of 1% in the total share capital of Tianhai Defense [1]

Core Viewpoint - Tianhai Defense (300008) announced that its second-largest shareholder, China Great Wall Asset Management Co., Ltd. (referred to as "Great Wall Asset"), plans to reduce its stake in the company by up to 17.28 million shares, representing 1% of the total share capital [1] Summary by Relevant Sections - **Shareholder Information** - Great Wall Asset holds 89.4292 million shares in Tianhai Defense, accounting for 5.18% of the total share capital [1] - **Reduction Plan** - The reduction will occur within three months after the announcement, starting 15 trading days from the date of the announcement [1] - The reduction will be executed through centralized bidding or block trading methods [1]

每经AI快讯，天海防务（SZ 300008，收盘价：8.15元）11月21日晚间发布公告称，公司第二大股东中 国长城资产管理股份有限公司持有公司股份约8943万股，占公司现有总股本比例为5.18%。长城资产计 划在本减持计划公告发布之日起15个交易日后的3个月内，通过集中竞价或大宗交易方式减持公司股份 不超过1728万股（占公司现有总股本比例为1%）。 （记者 曾健辉） 2025年1至6月份，天海防务的营业收入构成为：制造业占比93.9%，服务业占比2.82%，批发零售业占 比1.8%，其他业务占比1.48%。 每经头条（nbdtoutiao）——展望"十五五" | 专访黄群慧：既要重视AI赋能千行百业，也要考量其对就业 的替代效应和带来的收入极化 截至发稿，天海防务市值为141亿元。 ...