搭上航天风口，*ST铖昌成年内最贵ST股！股价飙涨1.77倍

Core Viewpoint - *ST Chengchang has experienced a significant stock price surge since December 2025, driven by strong expectations for delisting risk removal and the booming commercial aerospace sector, with a stock price increase from 43.48 CNY to 122.84 CNY in just 29 trading days [1][3] Group 1: Stock Performance - The stock has achieved 20 consecutive trading limit-ups, resulting in a total market capitalization increase from approximately 9 billion CNY to 25.3 billion CNY, an increase of over 16 billion CNY [1][3] - As of January 9, 2026, the closing price was 116.99 CNY per share, with a rolling P/E ratio of 265.64 and a P/B ratio of 16.37, significantly deviating from the industry averages of 54.34 and 5.5 respectively [3] Group 2: Company Overview - Founded in November 2010, *ST Chengchang specializes in the research, production, and sales of microwave and millimeter-wave phased array T/R chips, being one of the few companies in China to provide complete solutions for phased array T/R chips [2] - The company's products cover a frequency range from L-band to W-band and are used in various applications including detection, remote sensing, communication, navigation, and electronic countermeasures [2] Group 3: Financial Performance - In 2022, despite a 31.69% increase in revenue, the net profit attributable to shareholders fell by 17.02%. In 2023, revenue only slightly increased by 3.44%, while net profit dropped by 39.96% [4] - The company faced a significant loss in 2024, with a net profit loss of 43.61 million CNY, a year-on-year decline of 162.38%, leading to a delisting risk warning from April 24, 2025 [5] - However, the company reported a strong recovery in the first three quarters of 2025, achieving a revenue of 306 million CNY, a year-on-year increase of 204.78%, and a net profit of 90.36 million CNY, a growth of 386.56% [5] Group 4: Market Activity - Since December 2025, *ST Chengchang has appeared on the trading leaderboard eight times, with significant trading activity from institutions and retail investors [6] - From December 24, 2025, to January 12, 2026, the total trading volume reached 84.14 million shares, with a transaction value of 7.18 billion CNY [6]