Group 1 - The core point of the article is that 雷电微力 (301050.SZ) has stated that its products cannot be directly exported [1] Group 2 - The company has communicated this information through an investor interaction platform [1]

Group 1 - The company focuses on the microwave and millimeter-wave communication fields and does not involve laser technology [1]

Core Viewpoint - 雷电微力's stock performance shows a decline with a trading volume of 810 million yuan and a net financing outflow of 911,100 yuan on January 29, indicating potential investor caution [1] Group 1: Financial Performance - 雷电微力 reported a revenue of 690 million yuan for the period from January to September 2025, representing a year-on-year decrease of 41.10% [2] - The company's net profit attributable to shareholders for the same period was 157 million yuan, down 58.07% year-on-year [2] - Cumulative cash dividends since the A-share listing amount to 251 million yuan, with 232 million yuan distributed over the past three years [2] Group 2: Shareholder and Market Activity - As of January 10, 雷电微力 had 47,700 shareholders, an increase of 22.90% from the previous period, while the average number of circulating shares per shareholder decreased by 18.63% to 4,406 shares [2] - The financing balance of 雷电微力 reached 1.045 billion yuan, accounting for 7.43% of its market capitalization, indicating a high level of financing activity [1] - The company’s short selling activity on January 29 included a repayment of 2,300 shares and a sale of 800 shares, with a remaining short balance of 25,400 shares valued at 1.4435 million yuan, which is below the 20th percentile of the past year [1]

Core Viewpoint - The military electronics sector experienced a rise of 1.39% on January 27, with Shenglu Communication leading the gains, while the overall market indices showed modest increases [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4139.9, up 0.18%, and the Shenzhen Component Index closed at 14329.91, up 0.09% [1]. - The military electronics sector stocks showed varied performance, with notable gainers including: - Gan Guo Communication: 12.46, up 9.97%, with a trading volume of 1.41 million and a turnover of 1.692 billion [1]. - Thunder Micro Power: 59.40, up 6.64%, with a trading volume of 252,000 and a turnover of 1.455 billion [1]. - Wan Yuan Electronics: 60.92, up 6.11%, with a trading volume of 146,200 and a turnover of 867 million [1]. Group 2: Capital Flow - The military electronics sector saw a net outflow of 489 million from institutional investors and 629 million from speculative funds, while retail investors contributed a net inflow of 1.118 billion [2]. - Specific stock capital flows included: - Shenglu Communication: 4.39 million net inflow from institutional investors, with a 25.96% share, but a net outflow of 1.93 million from speculative funds [3]. - Aerospace Development: 4.07 million net inflow from institutional investors, with a 7.39% share, and a net outflow of 1.25 million from speculative funds [3]. - Tai Meng Technology: 1.52 million net inflow from institutional investors, with an 11.67% share, and a net outflow of 28.38 million from speculative funds [3].

Group 1 - The Aerospace ETF (159267) has shown active performance, with an intraday increase of 2.78% and a real-time transaction amount exceeding 150 million yuan [1] - Over the past 30 trading days, the fund has achieved a cumulative increase of 23.72% [1] - The satellite communication industry chain has become a market focus as global low-orbit satellite networks enter a phase of intensive construction, with the satellite communication sector index rising approximately 40% in the last two months [1] Group 2 - Several companies in the low-orbit satellite communication chip sector have made significant technological breakthroughs and have entered the mass production phase [1] - Commercial aerospace technology and capital are expected to resonate in 2026, with the rocket and satellite industry chains and space computing fields being areas of interest [1] - The commercial aerospace sector is anticipated to experience development opportunities, benefiting the related industry chains and driving overall industry advancement [1][2]

Group 1 - The A-share market showed mixed performance on January 27, with the aerospace ETF (159227) experiencing a strong rally, rising by 1.63% and achieving a trading volume of 339 million yuan, leading its category [1] - The establishment of China's first Interstellar Navigation College by the University of Chinese Academy of Sciences focuses on advanced fields such as interstellar propulsion, deep space communication and navigation, and space science, aiming to cultivate versatile talents with solid foundations and strategic vision [1] - Dongxing Securities highlighted that during the 14th Five-Year Plan period, commercial aerospace will become a key driver for high-quality development in China's new productive forces and technology [1] Group 2 - The aerospace ETF (159227) closely tracks the National Securities Aerospace Index, covering leading companies across the entire industry chain, including fighter jets, aircraft engines, rockets, missiles, satellites, and radars, aligning perfectly with the "aerospace integration" strategic direction [2] - The ETF has a high commercial aerospace content of 70.19%, with top ten holdings including Aerospace Development, China Satellite, Aerospace Electronics, AVIC Aircraft, and AVIC High-Tech [2]

1月26日，多家上市公司通过互动平台、披露投资者关系活动记录表等渠道披露公司在算力等方面最新 情况： 【算力】 甘咨询：公司无算力方面的业务 (本文来自第一财经) 首都在线：将持续把握封关机遇，深化跨境算力服务能力 【半导体】 雷电微力：自研芯片已应用于北斗导航卫星 太力科技：公司依托核心材料技术优势深度布局航天应用赛道 飞凯材料：正合作开发与调试相关材料，共同提升HBF制程工艺 【航天】 【其他】 思进智能：多工位智能精密温热镦成形装备已进入实质性研制阶段 ...

证券日报网讯 1月26日，雷电微力在互动平台回答投资者提问时表示，公司产品频率覆盖范围广，可覆 盖S至W波段，包含Ka和Ku波段类产品。 （文章来源：证券日报） ...

证券日报网讯1月26日，雷电微力（301050）在互动平台回答投资者提问时表示，公司高度重视经营性 资产的周转效率与风险管控。当应收账款达到合同约定回款条件后，公司会积极与客户沟通对接，及时 推进回款工作；在存货管理方面，公司始终坚持以订单和生产计划为导向，存货流转将随客户验收进度 有序推进。具体情况请关注公司发布的2025年年度报告。 ...

Core Viewpoint - The company has successfully applied its self-developed chips in BeiDou navigation satellites, meeting the performance and reliability requirements for satellite communication T/R chips [1] Group 1 - The self-developed chips are specifically designed for satellite communication applications [1] - The chips fulfill the performance requirements necessary for integration into BeiDou navigation satellites [1] - The reliability of the chips has been confirmed for use in space applications [1]