Market Overview - The Shanghai Composite Index rose by 0.34% on August 11, with 24 out of the 28 sectors experiencing gains, led by the power equipment and communication sectors, which increased by 2.04% and 1.95% respectively [1] - The defense and military industry saw a rise of 0.70% [1] Capital Flow Analysis - The net inflow of capital in the two markets was 10.02 billion yuan, with 16 sectors receiving net inflows. The power equipment sector led with a net inflow of 4.14 billion yuan, followed by the electronics sector with a net inflow of 3.33 billion yuan [1] - Conversely, 15 sectors experienced net outflows, with the defense and military sector leading the outflows at 2.01 billion yuan, followed by the public utilities sector with a net outflow of 1.43 billion yuan [1] Defense and Military Sector Performance - Within the defense and military sector, there are 139 stocks, with 82 stocks rising and 53 stocks declining. One stock reached the daily limit up [2] - The top three stocks with the highest net inflow in this sector were Inner Mongolia First Machinery Group with a net inflow of 225 million yuan, Great Wall Military Industry with 216 million yuan, and Guangqi Technology with 151 million yuan [2] - The top three stocks with the highest net outflow were China Shipbuilding Industry Corporation with a net outflow of 754 million yuan, Shanghai Hanxun with 314 million yuan, and AVIC Shenfei with 198 million yuan [3] Defense and Military Sector Capital Flow Rankings - **Top Inflow Stocks**: - Inner Mongolia First Machinery Group: +9.96%, turnover rate 10.90%, net inflow 224.75 million yuan - Great Wall Military Industry: +10.00%, turnover rate 10.01%, net inflow 216.09 million yuan - Guangqi Technology: +2.93%, turnover rate 1.86%, net inflow 151.08 million yuan [2] - **Top Outflow Stocks**: - China Shipbuilding Industry Corporation: -2.85%, turnover rate 3.32%, net outflow 754.26 million yuan - Shanghai Hanxun: -2.08%, turnover rate 13.97%, net outflow 313.82 million yuan - AVIC Shenfei: -1.05%, turnover rate 1.32%, net outflow 198.04 million yuan [3]

Volatility - Today, 7 stocks in A-shares experienced a volatility exceeding 20% [1] - Stocks such as Huami New Materials, Huaxin New Materials, and Weier Gao had the highest volatility [1] Turnover Rate - A total of 29 stocks in A-shares had a turnover rate exceeding 30% today [1] - Leading stocks in turnover rate included C Tianfu Long, Jiaoda Iron and Steel, and Northern Long Dragon [1] Main Capital Flow - Main capital today saw a net inflow into sectors such as electronics, electrical equipment, and non-bank financials, while experiencing a net outflow from machinery, media, and defense industries [1] - Stocks with the highest net inflow of main capital included Dongfang Caifu (8.98 billion), Zhongji Xuchuang (8.10 billion), Guosheng Jinkong (8.02 billion), Xinyi Sheng (7.94 billion), and Shenghong Technology (7.08 billion) [1] - Stocks with the highest net outflow of main capital included Ningbo Yunsheng (5.16 billion), Shanhe Intelligent (4.82 billion), Guangxin Media (4.47 billion), Xiyu Tourism (3.88 billion), and Shanghai Hanhua (3.29 billion) [1]

Group 1 - The core viewpoint of the news is the performance of the CSI 1000 Industrial Index, which has shown significant growth over the past month, three months, and year-to-date [2] - The CSI 1000 Industrial Index has increased by 7.59% in the last month, 14.31% in the last three months, and 13.33% year-to-date [2] - The index is composed of liquid and representative securities from various industries, providing diverse investment options for investors [2] Group 2 - The top ten weighted stocks in the CSI 1000 Industrial Index include Huicheng Environmental Protection (1.21%), Inner Mongolia First Machinery (0.94%), and Aerospace Rainbow (0.92%) [2] - The market share of the CSI 1000 Industrial Index is 54.98% from the Shenzhen Stock Exchange and 45.02% from the Shanghai Stock Exchange [2] - The industry composition of the CSI 1000 Industrial Index shows that machinery manufacturing accounts for 31.95%, power equipment for 28.24%, and transportation for 11.90% [2] Group 3 - The index sample is adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December [3] - In special circumstances, the index may undergo temporary adjustments, such as when a sample stock is delisted or undergoes mergers, acquisitions, or splits [3] - When adjustments are made to the CSI 1000 Index, corresponding adjustments are also made to the CSI 1000 Industry Index [3]

Company Overview - Shanghai Hanxun's stock price closed at 25.03 yuan on August 5, 2025, with an increase of 0.14 yuan, representing a rise of 0.56% from the previous trading day [1] - The trading volume for the day was 553,291 hands, with a total transaction amount of 1.385 billion yuan [1] Business Focus - The company specializes in the research, development, manufacturing, sales, and technical services of military broadband mobile communication systems and military tactical communication equipment [1] - Its products are primarily used in the field of national defense informationization [1] Recent Developments - In June 2025, the company disclosed its role as a supplier for the Qianfan Constellation communication subsystem and as a core research unit for the G60 constellation payload, responsible for the development and supply of related satellite communication equipment [1]

金融界消息 截至2025年8月1日收盘，上海瀚讯（300762）报收于24.2元，上涨2.2%，换手率6.78%，成 交量42.57万手，成交金额10.19亿元。 资金流向方面，今日主力资金净流入8148.33万元，占比成交额8.0%。其中，超大单净流入6848.22万 元、占成交额6.72%，大单净流入1300.12万元、占成交额1.28%，中单净流出流出964.82万元、占成交 额0.95%，小单净流出7183.52万元、占成交额7.05%。 天眼查商业履历信息显示，上海瀚讯信息技术股份有限公司，成立于2006年，位于上海市，是一家以从 事计算机、通信和其他电子设备制造业为主的企业。企业注册资本62796.5772万人民币，实缴资本 16153.3785万人民币。公司法定代表人为胡世平。 通过天眼查大数据分析，上海瀚讯信息技术股份有限公司共对外投资了13家企业，参与招投标项目73 次，知识产权方面有商标信息25条，专利信息116条，此外企业还拥有行政许可31个。 来源：金融界 上海瀚讯最新一期业绩显示，截至2025一季报，公司营业总收入1.26亿元、同比增长84.41%，归属净利 润1323.20万元，同 ...

来源：金融界 上海瀚讯最新一期业绩显示，截至2025一季报，公司营业总收入1.26亿元、同比增长84.41%，归属净利 润1323.20万元，同比增长231.84%，扣非净利润709.58万元，同比增长153.37%，流动比率2.260、速动 比率1.941、资产负债率35.00%。 天眼查商业履历信息显示，上海瀚讯信息技术股份有限公司，成立于2006年，位于上海市，是一家以从 事计算机、通信和其他电子设备制造业为主的企业。企业注册资本62796.5772万人民币，实缴资本 16153.3785万人民币。公司法定代表人为胡世平。 通过天眼查大数据分析，上海瀚讯信息技术股份有限公司共对外投资了13家企业，参与招投标项目73 次，知识产权方面有商标信息25条，专利信息116条，此外企业还拥有行政许可31个。 金融界消息 截至2025年7月29日收盘，上海瀚讯（300762）报收于23.88元，下跌0.08%，换手率 3.91%，成交量24.53万手，成交金额5.84亿元。 资金流向方面，今日主力资金净流出4153.95万元，占比成交额7.11%。其中，超大单净流入850.37万 元、占成交额1.46%，大单净流出 ...

Investment Rating - The communication sector maintains a "Buy" rating for key stocks such as Tianfu Communication, Ruijie Network, China Mobile, and China Telecom, while China Unicom is rated as "Overweight" [3][5][61]. Core Insights - In Q2 2025, the communication sector's fund holdings increased to 3.61%, up by 1.31 percentage points, indicating a shift from underweight to overweight status [2][15]. - The communication sector's TTM P/E ratio as of July 24, 2025, is 35.71x, which is at the 37.5% historical percentile since early 2011 [2][15]. - Key areas of focus include the domestic computing power and its supporting industrial chain, particularly in optical modules and related technologies [1][14]. Summary by Sections Market Performance - The communication index fell by 0.77% last week, while the Shanghai Composite Index rose by 1.67% and the Shenzhen Component Index increased by 2.33% [1][14]. Fund Holdings - Q2 2025 saw a rise in the communication sector's fund holdings, with a notable increase in the allocation towards optical modules and military communications, while reducing exposure to data centers and wireless equipment [2][15]. Recommended Stocks - Key recommended stocks include: - Tianfu Communication (300394 CH) with a target price of 119.12 and a "Buy" rating - Ruijie Network (301165 CH) with a target price of 88.70 and a "Buy" rating - China Mobile (600941 CH) with a target price of 126.40 and a "Buy" rating - China Telecom (601728 CH) with a target price of 9.13 and a "Buy" rating - China Unicom (600050 CH) with a target price of 7.62 and an "Overweight" rating [5][61]. Key Stock Performance - The top five stocks with increased fund holdings in Q2 2025 include: - Xinyi Technology (300502 SZ) with a total market value increase of 191.65 billion - Zhongji Xuchuang (300308 SZ) with an increase of 182.70 billion - Tianfu Communication (300394 SZ) with an increase of 29.69 billion - Yuanjie Technology (688498 SH) with an increase of 16.90 billion - Haige Communication (002465 SZ) with an increase of 11.01 billion [25][26].

证券代码：300762 证券简称：上海瀚讯 公告编号：2025-033 上海瀚讯信息技术股份有限公司 关于公司控股股东部分股份质押及解除质押的公告 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、误导性陈述或者重大遗漏。 上海瀚讯信息技术股份有限公司（以下简称"公司"或"本公司"）近日接 到公司控股股东上海双由信息科技有限公司（以下简称"上海双由"）的函告， 获悉上海双由所持有本公司的部分股份被质押及解除质押。具体事项如下： 一、 股东股份质押及解除质押的基本情况 | 股东 | 是否为控 股股东或 | 本次质 | 占其所 持股份 | 占公司 总股本 | 是否为 | 是否 为补 | 质押 | 质押 | | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 第一大股 | 押数量 | | | | | 起始 | 到期 | 质权人 | | | 名称 | | | 比例 | 比例 | 限售股 | 充质 | | | | 用途 | | | 东及其一 | （股） | (%) | (%) | | 押 | ...

证券代码：300762 证券简称：上海瀚讯 公告编号：2025-032 上海瀚讯信息技术股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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。 上海瀚讯信息技术股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日 召开第三届董事会第十六次会议、第三届监事会第十三次会议，并于 2025 年 5 月 20 日召开 2024 年年度股东大会，会议审议通过了《关于使用部分闲置募集资 金进行现金管理的议案》，同意在不影响公司正常生产经营和募集资金投资项目 建设及确保资金安全的前提下，使用不超过人民币 5 亿元（含本数）的闲置募集 资金进行现金管理，用于购买安全性高、流动性好的保本型理财产品或结构性存 款、大额存单等，使用期限自 2024 年年度股东大会审议通过之日起至 2025 年年 度股东大会召开之日止内有效，在上述额度和期限范围内，资金可以循环滚动使 用。同时授权公司董事长及其授权代理人在股东大会批准的额度范围内签署相关 合同及办理相关事宜，由公司财务部负责组织实施和管理。 公司保荐机构对上述募集资 ...

上海瀚讯信息技术股份有限公司 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。 上海瀚讯信息技术股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日 召开第三届董事会第十六次会议、第三届监事会第十三次会议，并于 2025 年 5 月 20 日召开 2024 年年度股东大会，会议审议通过了《关于使用部分闲置募集资 金进行现金管理的议案》，同意在不影响公司正常生产经营和募集资金投资项目 建设及确保资金安全的前提下，使用不超过人民币 5 亿元（含本数）的闲置募集 资金进行现金管理，用于购买安全性高、流动性好的保本型理财产品或结构性存 款、大额存单等，使用期限自 2024 年年度股东大会审议通过之日起至 2025 年年 度股东大会召开之日止内有效，在上述额度和期限范围内，资金可以循环滚动使 用。同时授权公司董事长及其授权代理人在股东大会批准的额度范围内签署相关 合同及办理相关事宜，由公司财务部负责组织实施和管理。 证券代码：300762 证券简称：上海瀚讯 公告编号：2025-031 公司保荐机构对上述募集资金现金管理事项发表了明确同意意见。具体内容 详见 ...