点击 最 下方 关注《材料汇》 ， 点击"❤"和" "并分享 添加 小编微信 ，寻 志同道合 的你 正文 引言：商业航天浪潮下的材料革命 当前，全球商业航天正迎来前所未有的发展机遇。 2024 年全球商业航天市场规模已达 750-1250 亿美元 ，预计 2025 年将 增长至 1400 亿美元 。中国商业航天发展尤为迅猛， 2024 年市场规模达到 2.3 万亿元人民币，同比增长 22.9% ，预计 2025 年将突破 2.8 万亿元 。在这一万亿级市场中，材料技术正成为决定商业航天企业竞争力的核心要素。 商业航天对材料的需求呈现出与传统航天截然不同的特征。 "减重即增能、耐温即增效、可靠即成本"已成为商业航天材料 选择的核心逻辑。每公斤载荷的发射成本可节省约 2-3 万元人民币，这使得轻量化材料成为商业航天企业的首要选择。同 时，可重复使用技术的突破对材料提出了更严苛的要求，从传统的单次使用转向100 次以上的重复使用能力 ，从 - 270℃至 3000℃的极端温度环境，从真空到强辐射的复杂太空环境，都对材料性能提出了近乎苛刻的要求。 一、商业航天核心新材料全景图（128种新材料） | | | | 商业航 ...

Xml [Table_Title] 国防军工行业 重视商业航天、大飞机、商发景气成长空间 [Table_Summary] 核心观点： [Table_Page] 投资策略周报|国防军工 证券研究报告 | [Table_Grade] 行业评级 | 买入 | | --- | --- | | 前次评级 | 买入 | | 报告日期 | 2026-02-01 | | [分析师： Table_Author] 孟祥杰 | | | --- | --- | | | SAC 执证号：S0260521040002 | | | SFC CE No. BRF275 | | | 010-59136693 | | | mengxiangjie@gf.com.cn | | 分析师： | 吴坤其 | | | SAC 执证号：S0260522120001 | | | SFC CE No. BRT139 | | | 010-59133689 | | | wukunqi@gf.com.cn | | 分析师： | 邱净博 | | | SAC 执证号：S0260522120005 | | | 010-59136685 | | | qiujingbo@gf ...

| 800+ 200+ | 30+ 50.000m | | --- | --- | | 华不幸运 科研院所 | 主题论坛 展览面积 | | 2026.06.10 → 06.12 | 上海新国际博览中心 ( N1-N5 ) የ | 【DT新材料】 获悉，近日，中复神鹰、光威复材发布2025年业绩预告。 中复神鹰 公告称，2025年年度营收21.00亿元至23.00亿元，同比增加5.43亿元至7.43亿元，增长34.85%至47.69%；归属于母公司所有者的净利润 8000.00万元至1.20亿元，较上年同期增加2.04亿元至2.44亿元， 将实现扭亏为盈。 业绩变动主要原因，主要是公司通过优化产品结构， 拓展航空航天、风电、高端体育及压力容器等应用领域，实现销售收入与盈利能力的显著增长 。 同时依托规模化生产与工艺优化，有效降低了单位生产成本。 光威复材 公告称，2025年公司实现营业总收入28.59 亿元，同比增长 16.68%；归属于上市公司股东的净利润 6.01 亿元，同比下降 18.86%；扣非 后净利润 5.49 亿元，同比下降 17.87%。期末总资产 88.06 亿元，同比增长 9.09%；归母所 ...

Core Insights - The company reported a total operating revenue of 2.858 billion yuan for the fiscal year 2025, reflecting a year-on-year increase of 16.68% [1] - The net profit attributable to shareholders decreased by 18.86% to 601.42 million yuan, while the net profit after deducting non-recurring gains and losses fell by 17.87% to 548.57 million yuan [1] - The weighted average return on net assets was 10.71%, down by 2.79 percentage points compared to the previous year [1] Business Segment Performance - The fiber segment, including the production base in Baotou, achieved sales revenue of 1.457 billion yuan, a slight increase of 0.34% year-on-year, but faced challenges due to industry competition and insufficient operations at the Baotou base [2] - The energy new materials segment experienced rapid growth, with sales revenue reaching 943 million yuan, a significant increase of 75.84% year-on-year, driven by stable production from new clients [2] - The general new materials segment stabilized with sales revenue of 238 million yuan, reflecting a year-on-year growth of 1.75% as high-end application projects progressed [2] - The composite materials technology segment reported a decline in sales revenue to 98 million yuan, down 8.52% year-on-year [2] - The precision machinery segment's sales revenue fell to 77 million yuan, a decrease of 12.93% year-on-year, primarily due to revenue recognition issues in equipment sales [2] - The Guangsheng Technology segment achieved sales revenue of 34 million yuan, marking a year-on-year increase of 37.20% [2]

（记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每经AI快讯，光威复材1月27日晚间发布2025年度业绩快报，归属于上市公司股东的净利润约6.01亿 元，同比减少18.86%。 每经头条（nbdtoutiao）——国际金价冲破5000美元！7年涨了280%，什么时候才见顶？专家：关键还 看美元，重点关注国际货币体系、降息和科技革命 每日经济新闻 ...

Core Insights - The company reported a total operating revenue of 2.859 billion yuan for the fiscal year 2025, representing a year-on-year increase of 16.68% [1] - The net profit attributable to shareholders decreased by 18.86% to 601 million yuan, while the net profit after deducting non-recurring gains and losses fell by 17.87% to 549 million yuan [1] - Basic earnings per share stood at 0.7234 yuan [1] Revenue Breakdown - The fiber segment, including the production base in Baotou, achieved sales revenue of 1.457 billion yuan, a slight increase of 0.34% year-on-year; however, the civil fiber business faced challenges due to industry competition and insufficient operations at the Baotou base [1] - The new energy materials segment experienced rapid growth, with sales revenue reaching 943 million yuan, a significant increase of 75.84% year-on-year, driven by stable production from new clients [1] - The general new materials segment stabilized with sales revenue of 238 million yuan, reflecting a year-on-year growth of 1.75% as high-end application projects progressed [1] - The composite materials technology segment reported sales revenue of 98 million yuan, down 8.52% year-on-year [1] - The precision machinery segment's sales revenue was 77 million yuan, declining by 12.93% due to the timing of revenue recognition from equipment sales [1] - The Guangsheng Technology segment achieved sales revenue of 34 million yuan, marking a year-on-year increase of 37.20% [1]

Core Viewpoint - The company reported a total operating revenue of 2.859 billion yuan for the fiscal year 2025, reflecting a year-on-year growth of 16.68%, while the net profit attributable to shareholders decreased by 18.86% to 601 million yuan [1] Revenue Breakdown - The fiber segment, including the production base in Baotou, achieved sales revenue of 1.457 billion yuan, a slight increase of 0.34% year-on-year, but faced challenges due to industry competition and insufficient operations at the Baotou base [1] - The new energy materials segment experienced significant growth, with sales revenue reaching 943 million yuan, marking a substantial increase of 75.84% year-on-year as new customer production stabilizes [1] - The general new materials segment reported sales revenue of 238 million yuan, showing a modest growth of 1.75% year-on-year as high-end application projects progressed [1] - The composite materials technology segment generated sales revenue of 98 million yuan, reflecting a decline of 8.52% year-on-year [1] - The precision machinery segment's sales revenue was 77 million yuan, down 12.93% year-on-year, primarily due to revenue recognition issues in equipment sales [1] - The Guangsheng Technology segment achieved sales revenue of 34 million yuan, with a notable increase of 37.20% year-on-year [1]

Core Viewpoint - The company reported a total operating revenue of 2.859 billion yuan for the fiscal year 2025, reflecting a year-on-year growth of 16.68%, while the net profit attributable to shareholders decreased by 18.86% to 601 million yuan [1]. Financial Performance - Total operating revenue reached 2.859 billion yuan, marking a 16.68% increase compared to the previous year [1]. - Net profit attributable to shareholders was 601 million yuan, which represents an 18.86% decline year-on-year [1]. - Basic earnings per share stood at 0.7234 yuan [1].

证券代码：300699 证券简称：光威复材 公告编号：2026-002 威海光威复合材料股份有限公司 2025 年度业绩快报 | 项目 | 本报告期 | 上年同期 | 增减变动幅度（%） | | --- | --- | --- | --- | | 营业总收入 | 285,853.97 | 244,993.49 | 16.68% | | 营业利润 | 70,936.42 | 81,319.07 | -12.77% | | 利润总额 | 70,830.39 | 81,371.12 | -12.95% | | 归属于上市公司股东的 净利润 | 60,142.49 | 74,118.43 | -18.86% | | 扣除非经常性损益后的 归属于上市公司股东的 净利润 | 54,857.35 | 66,796.79 | -17.87% | | 基本每股收益（元） | 0.7234 | 0.8975 | -19.40% | | 加权平均净资产收益率 | 10.71% | 13.50% | -2.79% | | | 本报告期末 | 本报告期初 | 增减变动幅度（%） | | 总 资 产 | 880,579.25 | 807 ...

Investment Rating - The report maintains an "Outperform" rating for the construction materials sector, indicating a positive outlook compared to the broader market [2] Core Views - A new round of urban renewal is beginning, which is expected to provide significant opportunities in the consumer building materials sector, effectively countering the decline in new housing market demand [8] - The report highlights that after a prolonged downturn in the real estate sector, profitability in various segments of the construction supply chain is starting to recover, particularly for leading companies that have undergone strategic adjustments [8] - The report emphasizes the potential for price increases in certain segments, such as waterproofing and coatings, as companies respond to improved market conditions [8] Summary by Sections Cement - The cement market is entering a seasonal downturn, with demand expected to decline. The average shipment rate for major regions has dropped to 29%, a decrease of approximately 10 percentage points [27][34] - The national average price for cement remains stable at around 353 RMB per ton, with minor fluctuations observed in specific regions [28][34] - The report suggests that after the Spring Festival, demand may recover as new key projects are expected to commence, potentially stabilizing prices [34] Glass - The glass market is also experiencing a decline in demand, with production capacity decreasing to approximately 14.95 million tons, the lowest in recent years [53] - The average price for float glass has increased slightly to 1,139 RMB per ton, with inventory levels decreasing [38] - The report indicates that the glass industry is facing profitability challenges, leading to accelerated production line cold repairs, which may help stabilize the market [53] Fiberglass - The fiberglass market is seeing stable pricing for both roving and electronic fabrics, with the price of 7628 electronic fabric currently at approximately 4.4-4.85 RMB per meter [55] - The report anticipates continued high demand for electronic fabrics, supported by structural adjustments and a shortage of high-end products [55] - Key recommendations include focusing on leading companies like China Jushi, with additional attention on International Composite Materials and Zhongcai Technology [55] Carbon Fiber - Carbon fiber prices are expected to remain stable in the short term, with the rapid development of commercial aerospace potentially driving new demand [55] - The report notes that the current price stability is a necessary step for increased market penetration, with significant growth expected in the aerospace sector [55] Consumer Building Materials - The report highlights the resilience of consumer building materials, with leading companies like Sanke Tree and Rabbit Baby showing strong growth potential as they emerge from profitability challenges [8] - The urban renewal initiative is expected to create substantial market opportunities, particularly for high-quality consumer building materials [8]