0.65 2.08 7.69 7.70 0.12 | 证券代 | 证券简 | 今日涨跌幅 | 今日换手率 | 年线 | 最新价 | 乖离率 | | --- | --- | --- | --- | --- | --- | --- | | 码 | 称 | （%） | （%） | （元） | （元） | （%） | | 300123 | 亚光科 技 | 19.93 | 24.42 | 6.29 | 7.28 | 15.71 | | 301116 | 益客食 品 | 7.60 | 3.45 | 11.77 | 12.60 | 7.08 | | 002086 | 东方海 洋 | 9.96 | 13.34 | 2.82 | 2.98 | 5.58 | | 300847 | 中船汉 光 | 6.86 | 6.79 | 17.71 | 18.69 | 5.55 | | 600764 | 中国海 防 | 5.83 | 2.41 | 29.82 | 31.23 | 4.75 | | 002889 | 东方嘉 盛 | 4.40 | 7.49 | 15.26 | 15.90 | 4.20 | | 301311 | 昆船智 能 | 4 ...

资料显示，国科天成科技股份有限公司位于北京市海淀区北清路81号一区4号楼9层901室，成立日期 2014年1月8日，上市日期2024年8月21日，公司主营业务涉及红外热成像等光电领域的研发、生产、销 售与服务业务。主营业务收入构成为：光电业务84.32%，导航业务6.86%，信息系统5.30%，遥感业务 2.69%，其他0.84%。 截至9月30日，国科天成股东户数1.50万，较上期减少1.89%；人均流通股7931股，较上期增加 238.49%。2025年1月-9月，国科天成实现营业收入7.16亿元，同比增长11.31%；归母净利润1.26亿元， 同比增长17.63%。 11月18日，国科天成涨1.74%，成交额1.38亿元。两融数据显示，当日国科天成获融资买入额2005.98万 元，融资偿还1735.63万元，融资净买入270.35万元。截至11月18日，国科天成融资融券余额合计2.05亿 元。 融资方面，国科天成当日融资买入2005.98万元。当前融资余额2.05亿元，占流通市值的3.76%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，国科天成11月18日融券偿还5500.00股，融券卖出 ...

投资要点 10 月28 日盘后，公司披露2025 三季报。2025 年前三季度，公司实现营收7.16亿元，同比增长11.31%； 实现归母净利润1.26 亿元，同比增长17.63%。 受益于国防装备现代化建设的持续推进，以及非制冷红外与光学产品的陆续量产，公司前三季度业绩实 现稳步增长。2025 年前三季度，公司实现营收7.16 亿元、同比增长11.31%，实现归母净利润1.26 亿 元、同比增长17.63%；其中，第三季度公司实现营收3.10 亿元、同比增长16.25%、较第二季度营收增 速抬升10.59 个百分点，实现归母净利润0.59 亿元、同比增长17.93%、较第二季净利润增速抬升1.81 个 百分点，单季度营收及净利润均呈加速增长态势。对于公司2025 年前三季度业绩稳步增长，预计主要 有两个方面原因：（1）据国防部网站发布，2025 年度我国财政安排国防支出预算1.81 万亿元、比上年 执行数增长7.2%；在强军思想指引下，包括红外光电在内的军用装备市场需求持续增加。（2）据公司 2025 半年报披露，非制冷红外产品和光学产品已开始批量供应、为公司贡献收入。 在制冷红外领域，公司锑化物制冷红外基 ...

Core Points - The Shanghai Composite Index closed at 4007.76 points, above the annual line, with a gain of 0.97% and a total trading volume of 20,759.04 billion yuan [1] - A total of 42 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - Han Yu Group, Rui Feng New Materials, and Jin Yi Technology have the highest deviation rates at 14.12%, 8.56%, and 6.10% respectively [1] - Other stocks like Feng Li Intelligent, Sheng Bang Shares, and Chongqing Department Store have just crossed the annual line with smaller deviation rates [1] Deviation Rate Rankings - The top three stocks with the highest deviation rates are: - Han Yu Group: 17.40% increase, 28.32% turnover rate, annual line at 14.31 yuan, latest price at 16.33 yuan, deviation rate of 14.12% [1] - Rui Feng New Materials: 9.47% increase, 2.80% turnover rate, annual line at 53.24 yuan, latest price at 57.80 yuan, deviation rate of 8.56% [1] - Jin Yi Technology: 6.52% increase, 4.78% turnover rate, annual line at 27.09 yuan, latest price at 28.74 yuan, deviation rate of 6.10% [1] Additional Notable Stocks - Other stocks with notable performance include: - Zhen Jiang Shares: 6.23% increase, deviation rate of 4.77% [1] - Hang Yu Wei: 6.66% increase, deviation rate of 4.43% [1] - Hua Feng Aluminum: 5.18% increase, deviation rate of 3.22% [1]

Core Insights - The company, Guoke Tianceng, was established on January 8, 2014, and is set to be listed on the Shenzhen Stock Exchange on August 21, 2024, with its headquarters in Beijing [1] - Guoke Tianceng is a leader in the optoelectronic field in China, focusing on infrared thermal imaging and possessing strong R&D capabilities [1] Financial Performance - For Q3 2025, Guoke Tianceng reported revenue of 716 million yuan, ranking 25th out of 64 in the industry, which is lower than the top competitor AVIC Chengfei's 48.286 billion yuan and AVIC Optoelectronics' 15.838 billion yuan, while being above the industry median of 57.5 million yuan [2] - The net profit for the same period was 119 million yuan, ranking 14th in the industry, again lower than the top two competitors but higher than the industry average of 94.5076 million yuan and the median of 3.7432 million yuan [2] Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 34.86%, an increase from 29.78% year-on-year, and above the industry average of 32.84% [3] - The gross profit margin for Q3 2025 was 39.02%, up from 36.89% year-on-year, and higher than the industry average of 34.84% [3] Executive Compensation - The chairman and general manager, Luo Juedian, received a salary of 1.9137 million yuan in 2024, an increase of 301,400 yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 1.89% to 15,000, while the average number of circulating A-shares held per account increased by 238.49 to 7,931.78 [5] - Among the top ten circulating shareholders, the fund "Fuguo Military Industry Theme Mixed A" ranked ninth with 3.1471 million shares, an increase of 2.2462 million shares from the previous period [5]

Core Insights - The military electronics sector experienced a slight increase of 0.25% on October 29, with Guoke Tiancai leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance Summary - Guoke Tiancai (301571) closed at 48.30, up 7.81% with a trading volume of 120,000 shares and a transaction value of 575 million yuan [1] - Xingtuxinke (688081) closed at 31.00, up 4.66% with a trading volume of 68,900 shares and a transaction value of 213 million yuan [1] - Gaode Hongwai (002414) closed at 14.01, up 3.39% with a trading volume of 1,223,600 shares and a transaction value of 1.705 billion yuan [1] - Chengdian Guangxin (920008) closed at 32.45, up 3.11% with a trading volume of 23,600 shares [1] - Jinxin Nuo (300252) closed at 13.79, up 2.91% with a trading volume of 471,700 shares and a transaction value of 649 million yuan [1] - ST Wanfang (000638) closed at 6.51, up 2.84% with a trading volume of 468,200 shares and a transaction value of 309 million yuan [1] - Other notable performers include Bangyan Technology (688132) and Jingjiawei (300474), with respective increases of 2.16% and 2.10% [1] Fund Flow Analysis - The military electronics sector saw a net outflow of 1.221 billion yuan from institutional investors, while retail investors contributed a net inflow of 839 million yuan [2] - Notable stocks with significant fund flows include: - Hongda Electronics (300726) with a net inflow of 63.73 million yuan from institutional investors [3] - Gaode Hongwai (002414) with a net inflow of 53.73 million yuan from institutional investors [3] - Jinxin Nuo (300252) with a net inflow of 35.49 million yuan from institutional investors [3] - Conversely, stocks like Xingtuxinke (688081) and Gaode Hongwai (002414) experienced significant net outflows from retail investors [3]

Core Insights - The company reported a revenue of 309,911,152.36 yuan for the third quarter of 2025, representing a year-on-year growth of 16.25% [1] - The net profit attributable to shareholders of the listed company was 58,610,671.74 yuan, showing a year-on-year increase of 17.93% [1] Financial Performance - Revenue for Q3 2025: 309.91 million yuan, up 16.25% year-on-year [1] - Net profit for Q3 2025: 58.61 million yuan, up 17.93% year-on-year [1]

Group 1 - Company Guoketiancheng (SZ 301571) reported Q3 performance with revenue of approximately 716 million yuan, an increase of 11.31% year-on-year [1] - The net profit attributable to shareholders was about 126 million yuan, reflecting a year-on-year increase of 17.63% [1] - Basic earnings per share decreased by 8.5% to 0.7019 yuan [1] Group 2 - As of the report, Guoketiancheng's market capitalization stands at 8 billion yuan [2] - The A-share market has surpassed 4000 points, indicating a significant market resurgence and a new "slow bull" pattern [2]

Core Viewpoint - Guoketiancheng (301571.SZ) reported a revenue of 716 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 11.31% [1] - The net profit attributable to shareholders of the listed company reached 126 million yuan, marking a year-on-year increase of 17.63% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 124 million yuan, with a year-on-year growth of 19.70% [1] - Basic earnings per share stood at 0.7019 yuan [1]

Financial Performance - The company's revenue for Q3 2025 reached ¥309,911,152.36, representing a 16.25% increase year-over-year[5] - Net profit attributable to shareholders was ¥58,610,671.74, up 17.93% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥58,204,133.26, an 18.09% increase year-over-year[5] - Total operating revenue for the third quarter reached ¥716,447,993.31, an increase of 11.3% compared to ¥643,653,271.96 in the same period last year[21] - The net profit for the current period is CNY 118,819,280.87, an increase from CNY 113,671,595.20 in the previous period, reflecting a growth of approximately 4.5%[22] - Operating profit for the current period is CNY 144,922,137.16, compared to CNY 125,572,508.92 in the previous period, indicating an increase of approximately 15.4%[22] - The total comprehensive income for the current period is CNY 140,781,980.54, compared to CNY 113,671,595.20 in the previous period, reflecting an increase of approximately 23.8%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,010,493,624.63, reflecting a 20.05% increase from the end of the previous year[5] - Total assets reached ¥3,010,493,624.63, compared to ¥2,507,648,682.32 at the start of the period, marking a growth of 20%[19] - Total liabilities increased to ¥1,049,314,307.23, up from ¥669,847,032.39, representing a rise of 56.7%[19] - Non-current assets totaled ¥788,727,935.02, up from ¥618,465,343.91, indicating a growth of 27.5%[18] Cash Flow and Working Capital - The company reported a net cash flow from operating activities of -¥212,772,496.26, a decrease of 47.07% compared to the same period last year[10] - The cash flow from operating activities showed a net outflow of CNY -212,772,496.26, worsening from CNY -144,676,921.68 in the previous period[25] - Cash and cash equivalents decreased to ¥312,092,451.40 from ¥448,545,279.67, reflecting a decline of 30.4%[17] - Cash and cash equivalents at the end of the period decreased to CNY 311,744,451.40 from CNY 619,969,132.62, a decline of about 49.7%[25] - Accounts receivable increased to ¥761,280,398.86, up 8.9% from ¥698,931,957.07 at the beginning of the period[17] - Inventory rose significantly to ¥700,434,094.11, a 34.5% increase from ¥520,742,228.26[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,024[11] - The top 10 shareholders hold a combined 38.66% of the total shares, with the largest shareholder, Luo Juedian, owning 8.19% (14,698,913 shares)[11] - Beijing Kongying Technology Development Co., Ltd. holds 6.91% (12,405,491 shares) as the second-largest shareholder[11] - Wu Mingxing, the third-largest shareholder, owns 6.16% (11,050,632 shares)[11] - The total number of shares held by the top 10 unrestricted shareholders is 43,000,000, with the largest being Beijing Kongying Technology Development Co., Ltd. at 12,405,491 shares[12] - The company has a total of 15,635,491 restricted shares held by Beijing Kongying Technology Development Co., Ltd., which will be released on August 21, 2025[14] - The company has 7,500,000 restricted shares held by Beijing Dashu Changqing Asset Management Co., Ltd., also set to be released on August 21, 2025[14] - The total number of shares held by the top 10 unrestricted shareholders includes significant holdings from various investment partnerships, indicating a diverse shareholder base[12] - The company has not reported any changes in the number of shares due to margin trading activities among the top shareholders[12] - There are no preferred shareholders or changes in restricted shares reported for the current period[13] Expenses - Total operating costs amounted to ¥541,131,999.97, up 10.5% from ¥489,681,517.52 year-over-year[21] - Research and development expenses increased to CNY 43,524,420.53 from CNY 32,723,651.21, representing a rise of about 33%[22] - The company reported a significant increase in management expenses to CNY 39,335,771.60 from CNY 30,466,335.76, which is an increase of approximately 29.2%[22] Earnings Per Share - The basic earnings per share for the period was ¥0.33, a slight decrease of 1.01% year-over-year[5] - Basic earnings per share decreased to CNY 0.7019 from CNY 0.7671, a decline of about 8.5%[23] Credit Risk - The company incurred a credit impairment loss of CNY -34,273,552.57, compared to CNY -30,719,043.34 in the previous period, indicating an increase in credit risk[22] Investments - The company experienced a 121.25% increase in prepayments due to a rise in orders and inventory needs[9] - Short-term borrowings increased by 62.88% to ¥892,404,009.92, primarily to supplement working capital[9] - The company reported a significant increase in fixed asset investments, with a rise of 84.54% attributed to capacity enhancement[9] - Short-term borrowings increased to ¥892,404,009.92 from ¥547,886,848.17, reflecting a rise of 62.7%[18]