证券之星消息，1月6日金属新材料板块较上一交易日上涨1.04%，天力复合领涨。当日上证指数报收于 4083.67，上涨1.5%。深证成指报收于14022.55，上涨1.4%。金属新材料板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 920576 | 天力复合 | 87.77 | 29.99% | 14.41万 | | 11.07亿 | | 300855 | 图南股份 | 33.90 | 4.99% | 12.64万 | | 4.19 Z | | 603124 | 江南新材 | 86.73 | 4.02% | 3.34万 | | 2.89亿 | | 920751 | 惠同新材 | 21.99 | 3.63% | 1.86万 | | 4022.92万 | | 600255 | 整科材料 | 4.00 | 2.83% | 105.76万 | | 4.20亿 | | 603072 | 天和磁材 | 42.37 | 2.42% | 4.89万 | | 2.07亿 | ...

证券日报网讯 1月5日，图南股份（300855）在互动平台回答投资者提问时表示，截至2025年12月31 日，公司在册股东人数约1.39万户。 ...

Core Viewpoint - The report highlights a decline in the number of shareholders for 29 companies listed on the ChiNext board as of December 31, with 9 companies experiencing a decrease, and 3 of them seeing a drop of over 5% compared to the previous period [1][2]. Group 1: Shareholder Changes - Among the 29 ChiNext stocks, 9 reported a decrease in shareholder numbers, with 3 companies showing a decline exceeding 5% [1]. - The company with the largest decline in shareholder numbers is Jiuzhiyang, which had 33,407 shareholders, a decrease of 14.81% from December 20, while its stock price increased by 7.82% during the same period [1]. - Yidian Tianxia reported 66,508 shareholders, down 11.87%, with a stock price increase of 21.18% [1]. - Tunan Co., Ltd. had 13,900 shareholders, a decrease of 6.08%, and its stock price rose by 8.90% [1]. Group 2: Continuous Shareholder Concentration - Three companies have shown a continuous decrease in shareholder numbers for more than three periods: Caixun Co. (43,620 shareholders, down 5.28%), China Shipbuilding Han Guang (27,592 shareholders, down 11.94%), and Chen An Technology (15,244 shareholders, down 16.71%) [2]. - The average stock price increase for concentrated shares since December 21 is 5.73%, with notable increases from Yidian Tianxia, Tunan Co., and Jiuzhiyang [2]. - In terms of industry concentration, the computer sector has the highest representation among concentrated stocks, with three companies listed [2]. Group 3: Funding Trends - As of December 31, five concentrated stocks have attracted leveraged funds, with notable increases in financing balances for Yidian Tianxia (up 22.42%), Tunan Co. (up 9.66%), and Tianhe Defense (up 6.20%) [2].

Core Insights - The report emphasizes the positive outlook for domestic demand, which is expected to drive the development of new productive forces, as highlighted by the national financial work conference held on December 27-28, 2025 [5][13] - The aerospace sector continues to show high prosperity, with the China Aerospace Science and Technology Corporation achieving a record 73 space launch missions in 2025 [5][14] - The report recommends focusing on companies that align with the "S-curve" evolution, emphasizing supply chain reform, maintenance volume, and trends towards automation and intelligence [5][15] Industry Overview - The defense and aerospace industry is experiencing a significant increase in investment, with a focus on new productive forces and comprehensive human development [5][13] - The report notes the successful IPO acceptance of Blue Arrow Aerospace, which aims to raise 7.5 billion CNY, indicating strong market interest in commercial aerospace ventures [5][14] - The report identifies three key cycles within the industry: the evolution of the "S-curve," expansion of the "S-curve," and a new cycle focusing on emerging industries such as commercial aerospace, AI, and quantum computing [5][15] Company Recommendations - Recommended companies include: - **Aero Engine Corporation of China** (航发动力): Benefiting from high-end aviation equipment production and potential for domestic engine replacement in the civil aviation market [5][21] - **AVIC Xi'an Aircraft Industry Group** (中航西飞): A major manufacturer of military and civil aircraft, expected to benefit from modernization and military trade opportunities [5][22] - **China Power** (中国动力): Positioned to benefit from the recovery of the shipbuilding industry and the transition to dual-fuel engines [5][26] - **Aero Engine Control** (航发控制): Engaged in the production of control systems for military and civil aviation engines, with a strong competitive position [5][21] - **Ziguang Guowei** (紫光国微): Focused on the semiconductor industry with a strong emphasis on domestic market growth and AI integration [5][18] Financial Analysis - The report provides detailed financial metrics for key companies, including expected earnings per share (EPS), price-to-earnings (PE) ratios, and return on equity (ROE) for 2025 and 2026 [6] - For example, **航发动力** is projected to have an EPS of 0.34 CNY in 2026 with a PE ratio of 117.74 [6] - **中航重机** is expected to achieve a net profit of 11.21 billion CNY in 2025, with a dynamic PE ratio of approximately 28X [5][24] Market Performance - The report notes that the China Securities Military Industry Index has shown a weekly increase of 2.90%, outperforming major indices such as the Shanghai Composite and Shenzhen Component [5][34] - Year-to-date, the military industry index has increased by 42.34%, indicating strong market performance relative to other sectors [5][34]

Core Viewpoint - The company primarily generates its revenue from the domestic market, with a small portion of export sales contributing to its overall performance [2]. Group 1: Company Revenue Sources - The company's main business revenue is mainly derived from the domestic market [2]. - In the past two years, export sales accounted for approximately 10% of the company's main business revenue, which includes exports to European markets [2]. - The export business currently does not have a significant impact on the company's overall operating performance [2]. Group 2: Future Outlook - The company plans to solidify its core business while steadily expanding its overseas market development opportunities [2].

兴合先进制造混合发起式A（018876）基金经理为梁辰星。 截至发稿，梁辰星累计任职时间2年146天，现任基金资产总规模1.66亿元，任职期间最佳基金回报 95.27%， 任职期间最差基金回报19.38%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 资料显示，江苏图南合金股份有限公司位于江苏省丹阳市凤林大道9号，成立日期1991年5月28日，上市 日期2020年7月23日，公司主营业务涉及高温合金、特种不锈钢等高性能合金材料及其制品的研发、生 产和销售。主营业务收入构成为：变形高温合金46.24%，铸造高温合金28.17%，其他合金制品 10.63%，其他业务收入8.31%，特种不锈钢5.23%，中小零部件1.42%。 从基金十大重仓股角度 数据显示，兴合基金旗下1只基金重仓图南股份。兴合先进制造混合发起式A（018876）三季度持有股 数7万股，占基金净值比例为2.29%，位居第六大重仓股。根据测算，今日浮亏损失约3.36万元。 兴合先进制造混合发起式A（0188 ...

证券之星消息，12月25日金属新材料板块较上一交易日上涨2.23%，有研粉材领涨。当日上证指数报收 于3959.62，上涨0.47%。深证成指报收于13531.41，上涨0.33%。金属新材料板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 688456 | 有研粉材 | 71.65 | 11.71% | 17.48万 | 11.96亿 | | 920576 | 天力复合 | 86.81 | 9.06% | 12.55万 | 10.53亿 | | 301522 | 上大股份 | 38.48 | 7.46% | 43.92万 | 16.60亿 | | 688102 | 斯瑞新材 | 38.58 | 6.87% | 67.00万 | 25.37亿 | | 300855 | 图南股份 | 32.63 | 5.09% | 15.41万 | 5.01亿 | | 000970 | 中科三环 | 13.53 | 3.68% | 42.80万 | 5.73亿 | | 000633 | 台金投 ...

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" for the aerospace power industry [5] Core Insights - The aerospace power industry is approaching a strategic layout timing, with a focus on downstream sectors such as aerospace power and control systems, benefiting from the iteration and release of new aircraft models [1][2] - The maintenance aftermarket is expected to become a second growth curve, with significant revenue generated from maintenance services [2] - The "14th Five-Year Plan" has seen key models of large engines entering a stock market phase, while medium engines are experiencing a recovery in growth [1][16] - The supply chain has matured, with a stable supplier landscape and reduced disturbances from new entrants [2][24] Summary by Sections Industry Overview - The large engine industry has entered a stock market phase, with the maintenance aftermarket opening up; medium engine growth is recovering [16] - The small thrust and turboshaft engine sectors are experiencing further contraction [18] - Key upstream suppliers in the aerospace power system have seen growth rates narrow, indicating a transition to a stable phase [20] - New suppliers have reached considerable capacity during the "14th Five-Year Plan" [21] Main Engine Manufacturers - Major manufacturers include the Dawn Company, West Aviation Group, Guizhou Liyang, and Southern Company, which form a comprehensive platform for the development and production of all types of aircraft engines [31] Supply Chain - The "small core, big collaboration" system has matured, with significant growth in strategic external suppliers while some internal suppliers face declining revenues [24] - The report highlights the importance of the maintenance aftermarket and military trade as potential growth areas [30] Future Outlook - The report suggests that the aerospace power industry will see structural growth driven by the maintenance aftermarket and military exports, particularly in light of geopolitical factors [2][30]

资料显示，江苏图南合金股份有限公司位于江苏省丹阳市凤林大道9号，成立日期1991年5月28日，上市 日期2020年7月23日，公司主营业务涉及高温合金、特种不锈钢等高性能合金材料及其制品的研发、生 产和销售。主营业务收入构成为：变形高温合金46.24%，铸造高温合金28.17%，其他合金制品 10.63%，其他业务收入8.31%，特种不锈钢5.23%，中小零部件1.42%。 图南股份所属申万行业为：有色金属-金属新材料-其他金属新材料。所属概念板块包括：燃气轮机、大 飞机、高温合金、通用航空、军民融合等。 12月25日，图南股份盘中上涨2.09%，截至10:54，报31.70元/股，成交1.24亿元，换手率1.36%，总市值 125.38亿元。 图南股份今年以来股价涨46.29%，近5个交易日涨5.84%，近20日涨16.20%，近60日涨9.57%。 资金流向方面，主力资金净流出381.58万元，特大单买入501.80万元，占比4.03%，卖出512.88万元，占 比4.12%；大单买入2359.40万元，占比18.96%，卖出2729.89万元，占比21.94%。 机构持仓方面，截止2025年9月30日， ...

Core Viewpoint - As of December 10, 2025, the number of registered shareholders for Tunan Co., Ltd. (300855) is approximately 13,500 households [1] Group 1 - The company has engaged with investors through an interactive platform [1] - The shareholder count indicates a growing interest in the company [1] - The specified date for the shareholder count is set for December 10, 2025, suggesting future growth expectations [1]