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 ...

8月1日，A股三大指数继续调整，全市场"军工含量"最高的航空航天ETF（159227）低位震荡，截至 14:21，跌幅1.88%，成交额达1.34亿元，稳居同类第一，持仓股华秦科技涨超7%，天和防务、长城军 工、上海瀚讯、中国海防等股上涨。 从资金流向看，航空航天ETF（159227）近日连续回调，资金逢跌布局明显，已连续3个交易日获资金 净流入，7月份合计"吸金"超4.21亿元，最新规模达7.75亿元，创成立以来新高，位居同指数第一。 2025-2026年随着"十五五"规划编制推进、落地，军工行业未来三到五年的发展指引将逐渐清晰，伴随 新一轮订单周期开启，景气成长属性有望强化，或将推动产业链整体景气度迎来复苏。 浙商证券认为，2025年地缘政治冲突不断，我国军贸出口装备在海外冲突中得到实战检验，在军贸领域 引领下，我国国防军工企业价值有望得到重估。2025下半年重视军贸、新域新质、重组三大国防军工主 线。 航空航天ETF（159227）跟踪国证航天指数，申万一级军工行业占比高达97.86%，是全市场军工含量最 高的指数，聚焦军工细分空天力量，成分股覆盖战斗机、运输机、直升机、航空发动机、导弹、卫星、 雷达等 ...

Group 1 - The aerospace ETF Tianhong (159241) experienced a decline of 2.03% with a turnover rate exceeding 14%, and a trading volume surpassing 64 million yuan [1] - The ETF has seen a net inflow of over 53 million yuan in the last four trading days, indicating strong investor interest [1] - As of July 31, the latest scale of the aerospace ETF Tianhong reached 463 million yuan, with a total of 392 million shares, both hitting record highs since inception [1] Group 2 - NASA and the Russian space agency discussed international cooperation on the International Space Station, lunar projects, and deep space exploration during their first meeting since 2018 [2] - The meeting reaffirmed the continuation of space mission cooperation, despite geopolitical tensions affecting other collaborative efforts [2] - The Chinese Navy's fourth 075 amphibious assault ship, Hubei, was unveiled, showcasing advancements in domestic military capabilities with a displacement of over 40,000 tons [2] Group 3 - Short-term drivers for the commercial aerospace industry include satellite constellation construction and launch activities, with high sensitivity to market events [3] - Mid-term expectations suggest an industry turning point in satellite manufacturing, with a potential recovery in fundamentals by 2025 [3] - Long-term demand growth is anticipated to improve fundamentals and market expectations, leading to a sustained upward trend in valuations for the commercial aerospace sector [3]

Core Viewpoint - The aerospace and defense sector experienced a significant pullback on August 1, with the Aerospace ETF (159227) showing signs of recovery after hitting a low, narrowing its decline to 1.62% by 11:10 AM, with a trading volume of 1.03 billion yuan, maintaining its position as the leader in its category [1] Fund Flows - In July, the Aerospace ETF attracted a net inflow of over 4.21 billion yuan, bringing its latest scale to 7.75 billion yuan, marking a new high since its inception and ranking first among its peers [1] Index Performance - The Aerospace ETF tracks the Guozheng Aerospace Index, which has a high concentration of 98.2% in the Shenwan first-level military industry, focusing on the aerospace segment. The constituent stocks cover the entire industry chain, including fighter jets, transport aircraft, helicopters, aircraft engines, missiles, satellites, and radars, aligning perfectly with the "integrated aerospace" strategic direction [1] Historical Returns - From July 29, 2024, to July 28, 2025, the Guozheng Aerospace Index is expected to yield a return of 38.85%, outperforming the CSI National Defense Index (34.37%), CSI Military Industry Index (32.84%), and Military Leaders Index (28.02%) [1] Future Outlook - Shanxi Securities indicates that 2025 will be a pivotal year, with the gradual release of delayed orders from the "14th Five-Year Plan" over the past six months and a marginal improvement in demand. With the initiation of the "15th Five-Year Plan" and the approaching 2027 centenary military goal, the military industry’s performance is expected to bottom out and recover in the second half of 2025, entering an upward cycle [1]

Group 1 - The aerospace and military sector experienced a decline in the afternoon on July 31, with the Tianhong Aerospace ETF (159241) dropping by 0.68% and achieving a trading volume exceeding 99 million yuan, with a turnover rate over 21% [1] - The Tianhong Aerospace ETF (159241) saw a net subscription of 5 million shares in real-time, and recorded a net inflow of over 33 million yuan yesterday, marking three consecutive days of net inflow, the highest among similar products [1] - The latest circulating scale of the Tianhong Aerospace ETF is 457 million yuan, with a total of 385 million shares, and a year-to-date share growth rate of 102.48%, the highest among similar products [1] Group 2 - On July 31, 2025, China successfully launched the Pakistan Remote Sensing Satellite 01 using the Kuaizhou-1A rocket from the Xichang Satellite Launch Center, marking the 29th flight of this rocket [2] - The satellite is primarily used for land surveying and disaster prevention and mitigation [2] - According to Caitong Securities, the commercial aerospace sector is accelerating its network deployment, with a dense launch of reusable rockets expected in the second half of the year, indicating positive changes across multiple industry segments [2]

Group 1 - A-shares experienced volatile trading on July 31, with sectors like optical modules, GPT, and AI computing gaining strength, while steel, non-ferrous metals, and coal industries lagged [1] - The aerospace ETF (159227) saw significant trading activity, with a transaction volume exceeding 66 million yuan, ranking first among similar products; key holdings like Aerospace Chenguang hit the daily limit, and other stocks also saw notable gains [1] - The aerospace ETF (159227) attracted over 400 million yuan in inflows in July, reaching a total size of 760 million yuan, marking a record high since its inception, with a growth of over 136% in the past month [1] Group 2 - Western Securities emphasized the importance of commercial aerospace investment opportunities, highlighting that the rapid development of low-orbit satellites and the capacity of commercial rockets are crucial for China's commercial aerospace sector [2] - The shift from state-owned entities to a diverse range of private companies in rocket design and manufacturing is noted, indicating a growing competitive landscape in the commercial launch market [2]

Group 1 - A-shares opened lower on July 31, but the defense and military industry saw a rebound, with the Aerospace ETF (159227) experiencing active trading and a transaction volume of 24.95 million yuan by 9:50 AM, ranking first among its peers [1] - The Aerospace ETF has attracted over 400 million yuan in capital since July, reaching a new high of 760 million yuan in total assets [1] - The upcoming Army Day and the military parade on September 3 have increased market attention on the defense and military industry, with a recovery in demand and orders since 2025, leading to a shift in institutional allocation towards the sector after ten consecutive quarters of reduction [1] Group 2 - Zhejiang Securities predicts that ongoing geopolitical conflicts in 2025 will provide practical testing for China's military trade exports, potentially leading to a revaluation of domestic defense and military enterprises [2] - The focus for the second half of 2025 will be on military trade, new domains and qualities, and restructuring as the three main lines in the defense and military sector [2]

中邮证券表示，展望2025年，军工行业订单有望迎来拐点，在服务于提升装备性能或降低装备成本的新 技术、以新域新质作战力量为代表的新产品、军贸和军用技术转化带来的新市场方向或蕴含更大弹性。 建议关注航空航天主线。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 航空航天ETF天弘（159241）紧密跟踪国证航天指数，按申万一级行业分类，该指数以超98%的国防军 工行业权重形成显著特征，是全市场军工含量最高的指数。按申万二级行业分类，国证航天指数"含航 量"较高，航空装备与航天装备两大核心板块则占据66%权重，深度聚焦大飞机研制、低空经济、商业 航天等新兴领域航空航天装备产业链关键领域。 消息面上，据央视新闻，7月30日15时49分，我国在海南商业航天发射场使用长征八号甲运载火箭，成 功将卫星互联网低轨06组卫星发射升空，卫星顺利进入预定轨道，发射任务获得圆满成功。此次发射， 长征八号甲火箭实现了全流程自动化、起飞主动漂移控制、过冷液氧加注等多项技术创新。这次发射是 长征系列运载火箭的第586次飞行。 东吴证券指出，随着多重因素推动我国低轨卫星发射进程加速，预计 ...

Important Market News - The Federal Reserve announced to maintain the federal funds rate target range at 4.25% to 4.50%, marking the fifth consecutive meeting without a rate change, reflecting a cautious stance amid economic uncertainties [1] - U.S. stock indices showed mixed results, with the Dow down 0.38%, Nasdaq up 0.15%, and S&P 500 down 0.12%. Notable tech stocks had varied performances, with Nvidia rising over 2% and Apple falling over 1% [1] - International precious metal futures generally declined, with COMEX gold futures down 1.58% at $3327.9 per ounce, while oil prices increased, with WTI crude up 1.57% at $70.30 per barrel [2] Industry Insights - China successfully launched the low Earth orbit satellite internet group 06 using the Long March 8 rocket, showcasing multiple technological innovations. The competition for satellite deployment is intensifying as operators must complete satellite deployment within a limited timeframe to secure resources [3] - China Unicom has launched eSIM services across 25 provinces, with plans for nationwide coverage by year-end. The introduction of eSIM technology is expected to simplify user operations and enhance device reliability, with a projected increase in global IoT connections using eSIM from 22 million in 2023 to 195 million by 2026 [4] - The Chinese government announced a childcare subsidy program for eligible infants born after January 1, 2022, with an initial budget of approximately 90 billion yuan allocated for this initiative. This policy aims to stimulate the birth rate and support the mother and child industry [5][6] Company Updates - Haotou Co. announced that its shareholder, Dazheng Group, plans to reduce its stake by up to 2.08 million shares, representing 1% of the total share capital [7] - Wansheng Co. disclosed that a shareholder intends to reduce its holdings by up to 500,000 shares, accounting for 0.08% of the total shares [7] - Rongda Photoelectric announced plans for its major shareholders to reduce their holdings by up to 7.33 million shares, representing 2% of the total share capital [7] - Desheng Technology's major shareholder plans to reduce its stake by up to 12.85 million shares, which is 3% of the total shares excluding repurchased shares [7] - Guangwei Composite announced that its major shareholder intends to reduce its holdings by up to 10 million shares, accounting for 1.21% of the total shares excluding repurchased shares [7]

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 ...