2.阅兵消息官宣，主战装备+新型作战力量将参阅。国新办6月24日上午举行新闻发布会。9月3日上午， 北京天安门广场将举行纪念中国人民抗战暨世界反法西斯胜利80周年大会，包括检阅部队。这次阅兵， 由徒步方队、装备方队和空中梯队组成。这次阅兵，既有传统主战力量展示，又有新域新质力量参阅。 这次参阅的所有装备均为国产现役主战装备，在展示新一代传统武器装备的基础上，也安排部分无人智 能、水下作战、网电攻防、高超声速等新型作战力量参阅，体现我军适应科技发展的强大能力。 军工股开盘继续活跃，晨曦航空、恒宇信通涨超10%，长城军工、利君股份涨超5%，航发动力、光电 股份、天秦装备、中航沈飞、中船应急、中兵红箭等跟涨。截至06月30日09:55，国防ETF （512670.SH）上涨3.17%。 3. 深海科技政策近期频发，关注相关投资机会。6月26日，广东省召开全省海洋经济工作会议。6月25 日，上海市海洋局公开征求《上海市海洋产业发展规划2025-2035)》意见。以UUV等特种装备为代表的 深海科技具备较大发展空间，顶层规划支持下深海科技等新兴领域有望加速发展。 逻辑来看主要有3点： 整体来看，2025-2027年在【 ...

Investment Rating - The report rates the defense and military industry as "Outperforming the Market" [2] Core Views - The global geopolitical situation remains tense, with ongoing conflicts such as the Russia-Ukraine war and rising risks in the Middle East, leading to an intensified arms race and increased focus on military construction [4][38] - The defense industry is expected to see a recovery in demand as the "14th Five-Year Plan" approaches its final year, with long-term growth certainty supported by clear development goals for 2035 and 2050 [4] - The upcoming military parade on September 3 will showcase both traditional main battle equipment and new combat forces, highlighting advancements in military capabilities [3][40] Summary by Sections Market Review - The defense and military index rose by 6.90% last week, outperforming major indices such as the Shanghai Composite and Shenzhen Component [12] - The current PE (TTM) for the defense and military sector is 79.92 times, with sub-sectors showing varied valuations: aerospace equipment at 143.52 times, aviation equipment at 69.14 times, ground weapons at 174.36 times, naval equipment at 50.76 times, and military electronics at 102.36 times [20][21] Key Recommendations - Recommended companies include: 1. Downstream manufacturers: Hongdu Aviation, AVIC Shenyang Aircraft, AVIC Xi'an Aircraft, and AVIC Helicopter [4] 2. Military new technologies: Lianchuang Optoelectronics, Guangqi Technology, and Zhongjian Technology [4] 3. Underwater equipment: Hailanxin, Yaxing Anchor Chain, and Zhongke Haixun [4] 4. Missile industry chain: Feilihua, Guoke Military Industry, and Zhongbing Hongjian [4] 5. Military titanium materials: Western Superconducting [4] 6. Electronic components: Hongyuan Electronics and Aerospace Electronics [4] 7. Military trade direction: Zhongwu Drone [4] Industry Dynamics - Recent policies related to deep-sea technology indicate significant development potential, particularly for specialized equipment like UUVs, supported by top-level planning [3] - The military trade market is expanding, with recent announcements of procurement from Pakistan for Chinese fighter jets, indicating a growing opportunity in military exports [39]

智通财经APP获悉，方正证券发布研报称，深海科技作为2025年政府工作报告首次提及的战略性新兴产 业，与商业航天、低空经济并列成为国家经济新增长极。深海领域占据地球表面积的49%，蕴含万亿级 市场潜力，其发展将直接关系到我国资源安全、科技突破和国际话语权构建。随着军民融合加速推进， 深海防护、探测、资源开发等产业链将迎来1-10的规模化发展期。该行表示，上游作为深海建设基座环 节有望率先放量，中下游应用场景不断开拓迈向深蓝。 方正证券主要观点如下： 建设海洋强国是我国重大战略任务，经略海洋必将走向深海 "建设海洋强国是实现中华民族伟大复兴的重大战略任务。"党的十八大以来，习近平总书记多次强调要 进一步关心海洋、认识海洋、经略海洋，指引我国海洋强国建设不断取得新成就。深海约占海洋总面积 的65%、地球表面积的49%，蕴含丰富的能量和资源。我国走向深海不仅是经济命题，更是生存空间拓 展、资源安全保障、科技崛起和国际话语权构建的综合战略。 深海科技首入政府工作报告，深海建设上升至国家战略 2025年《政府工作报告》首次提及"深海科技"，并将其对标"商业航天"、"低空经济"等新兴产业，充分 展示了国家发展深海科技的决 ...

2024年中国海洋经济总量首次突破10万亿元，同比增长5.9%，成为拉动经济增长重要引擎。 近日，深海科技传出重大利好。 上海市海洋局发布海洋产业发展规划征求意见稿，计划到2030年，船舶与海工装备产业增加值超450亿 元，到2035年超700亿元。 受此影响，A股海工装备（BK0601）板块接连大涨，截至6月26日收盘，上涨1.74%。其中国瑞科技 （300600）2天2板，中科海迅、尤夫股份（002427）涨停，亚星锚链（601890）、神开股份 （002278）、山东墨龙（002490）等涨超5%。 记者从资本市场人士处获悉，政策催化超预期，市场对今年首提的"深海科技"战略关注度提升， 预计 后续浙江、福建等沿海省市地方政府跟进的可能性较大。 明确海洋产值目标 上海一向是海洋经济强市，门类齐全，规模持续攀升。 2024年，上海海洋生产总值11387亿元，同比增长 11.2%，占当年全市生产总值的21.1%，占全国海洋生 产总值的10.8%。 不过，对标国际领先的现代海洋城市，上海市海洋产业发展仍然面临一些困难和问题。 比如海洋产业发展能级还需提升，海洋新兴产业占比相对偏低，产业融合和集群建设有待加强，关 ...

Group 1: Deep Sea Technology and Situational Awareness - The report highlights the increasing focus on "Deep Sea Technology" due to the upcoming military parade on September 3, which will showcase new combat forces including unmanned systems and underwater equipment [2][8] - The core of "Deep Sea Technology" revolves around resource security, national defense construction, and blue economy, with situational awareness being a key component [2][9] - The challenges in situational awareness construction lie in underwater signal processing, which is deemed critical for effective underwater operations [9][10] Group 2: Huaren Microelectronics (华润微) - Huaren Microelectronics operates a fully integrated supply chain model, focusing on power semiconductors and smart sensors, with a recovery expected in the power semiconductor market [11][12] - The company has a significant market share in IGBT products, particularly in industrial and automotive applications, with plans to expand into new customer segments [11][12] - The report projects a steady increase in net profit for Huaren Microelectronics from 9.59 billion to 16.50 billion CNY from 2025 to 2027, with a corresponding PE ratio decline [13] Group 3: Zhongyuan Expressway (中原高速) - Zhongyuan Expressway focuses on the construction and operation of toll roads, with a projected revenue of 6.969 billion CNY in 2024, where toll income constitutes approximately 63.98% [15][16] - The company has a young asset structure with an average remaining toll collection period of 17.04 years, indicating potential for value reassessment [16][18] - The report anticipates net profits to grow from 10.02 billion to 11.50 billion CNY from 2025 to 2027, with a favorable PE ratio [18] Group 4: Dekang Agriculture (德康农牧) - Dekang Agriculture is transitioning from a traditional agricultural production company to a platform and technology-driven enterprise, aiming to create a "value symbiosis" ecosystem [5][22] - The company has demonstrated significant profitability advantages, with a projected average income of 770,000 CNY per modern pig farm in 2024, and a return on equity (ROE) of 48% [29][30] - The report forecasts Dekang's net profit to reach 36 billion CNY by 2027, with a PE ratio of 7.69, reflecting its strong growth potential in the agricultural sector [30]

公告编号：2025-072 | | □特定对象调研□分析师会议 | | --- | --- | | | □媒体采访□业绩说明会 | | 投资者关系活 | | | 动类别 | □新闻发布会□路演活动 | | | □现场参观 | | | ☑其他产品交流会 | | 参与单位名称 及人员姓名 | | | | 招商证券战泳壮 农银汇理基金高晗 | | | 金科投资张诚 | | | 大牛投资王战勇 | | | 中航证券向正富 | | | 同花顺财经史丰瑞 | | | 中邮证券王煜童 | | | 中和资本冯奕健 | | | 民生证券孔厚融 | | | 东北证券黄泽等 | | 时间 | 2025 年 6 月 26 日下午 14:00-16:00 | | 地点 | 中关村环保园创中心 | | | 董事长（代行董事会秘书职责）：张秋生 | | 上市公司接待 | 副总经理：李进佳 | | 人员姓名 | 副总经理：巩玉振 | | | 控股子公司北京中科海讯微系统技术有限公司总经理：李红兵 | 证券代码:300810 证券简称:中科海讯 北京中科海讯数字科技股份有限公司 投资者关系活动记录表 公司所处行业为特种电子信息行业，产品主要应 ...

南都讯记者吕虹发自北京6月25日，记者从中国科协新闻发布会上获悉，第二十七届中国科协年会将于7 月1日至31日在北京集中举办，主题为"示踪科技前沿助力创新发展"。本届年会由1场主论坛、98场专题 论坛以及4场平行论坛组成，并设置发布、宣传与科普、展览展示与场景体验等版块，主论坛拟于7月6 日上午在中国科技会堂举行。 作为中国科协年会改革后的首次亮相，本届年会以"创新体制机制"为最大亮点，组织近70家全国学会会 同国家战略科技力量等，围绕国家"十五五"规划涉及的重大科技领域，聚焦其中的前沿、"非共识"科技 问题，推荐了近260个议题，以自下而上的方式凝聚科技工作者共识。本届年会首启了非共识议题征集 活动，动员98场专题论坛围绕研讨主题，提出能够触发相关领域学术理念突破、现有知识体系或权威论 断颠覆、研究方法与工具变革、数据解释或应用方向变化，可在学术界引发广泛讨论的非共识议题。经 专家评议，形成非共识议题清单，并将于年会结束时线上发布。 在活动安排上，主论坛将邀请潘建伟、谭天伟、李家彪、戴琼海、万建民等五位中国科协副主席和全国 学会负责人，围绕量子技术、生物制造(生物医药)、深海科技、人工智能、农业(育种)等主 ...

从7月1日开始，全国学会将围绕数理化基础科学、生命健康（含医学）、地球科学（含深地深海）、生 态环境、制造科技、信息科技、先进材料、资源能源、农业科技（含食品）、空天科技等10个领域陆续 举办98场专题论坛。4场平行论坛包括2025中国科技期刊发展论坛、中国科技创新发展环境论坛、港澳 科技界服务国家科技创新座谈会、中国科协主席与青年科技人才见面会。 今年年会还将举办中国科协年会历史沿革展、中国科技会堂专家报告展、科技发展成就展等。此外，中 国科技会堂咖啡厅等区域将开展开放式学术交流与科技场景体验活动。（记者代小佩） 科技日报北京6月25日电 记者25日从中国科协举办的新闻发布会上获悉，第二十七届中国科协年会将于 7月1日—31日在北京举办，主题为"示踪科技前沿 助力创新发展"。此次年会由1场主论坛、98场专题论 坛以及4场平行论坛组成，并设置信息发布、宣传与科普、展览展示与场景体验等板块。 中国科协科学技术创新部副部长杨书宣介绍，本届年会主论坛拟于7月6日在中国科技会堂举行，届时将 邀请潘建伟、谭天伟、李家彪、戴琼海、万建民等五位中国科协副主席、全国学会负责人，围绕量子技 术、生物制造（生物医药）、深海科技、 ...

Group 1 - The marine economy concept has gained momentum, with significant stock price increases for companies such as Zhongke Haixun (over 12% rise) and Jianglong Shipbuilding (over 10% rise) [1] - The Shanghai Municipal Oceanic Administration has released a draft for the "Shanghai Marine Industry Development Plan (2025-2035)", focusing on developing a matrix of marine intelligent equipment products [1] - The draft emphasizes the development of marine intelligent robots, including new types of underwater robots and autonomous docking systems, as well as advancements in deep-sea submersibles and high-end equipment [1] Group 2 - According to Guojin Securities, the total marine economy in China is expected to reach 10.5 trillion yuan in 2024, with a year-on-year growth of 5.9%, accounting for 7.8% of GDP [2] - The added value of the marine manufacturing industry is projected to be 3.2 trillion yuan, representing over 30% of the marine production value, highlighting its stabilizing role [2] - Recent government policies have been introduced to encourage the marine manufacturing sector, including support for deep-sea technology and new marine equipment [2] - Significant technological breakthroughs in marine equipment are anticipated in 2024, including the commissioning of the first domestically designed deep-sea drilling vessel "Dream" and the completion of sea trials for the deep-sea heavy-duty mining vehicle "Explorer II" [2]

Investment Rating - The industry investment rating is "Positive" (maintained) [5][12] Core Viewpoints - The recent military parade on September 3 has increased market attention on the "Deep Sea Technology" strategy, which emphasizes resource security, national defense construction, and blue economy, with situational awareness being a key focus [5] - The government work report has elevated "Deep Sea Technology" to a strategic level, highlighting the need for a comprehensive underwater perception system to address security challenges posed by foreign reconnaissance devices in China's waters [5] - The construction of situational awareness capabilities is deemed essential for development, with sonar equipment being the core component due to the complexities of underwater signal processing [5] Summary by Relevant Sections - **Investment Highlights**: The focus is on the construction of situational awareness capabilities, particularly in underwater signal processing, which faces significant challenges due to environmental noise and target stealth [5] - **Sector Performance**: Key companies to watch include China Marine Defense, Jizhi Co., and Zhongke Haixun, each with unique capabilities in underwater information acquisition, intelligent underwater technology, and sonar systems [5] - **Company Profiles**: - **China Marine Defense**: Engages in underwater information systems and has acquired assets from various military units [5] - **Jizhi Co.**: Collaborated with Zhijiang Laboratory to develop intelligent underwater sound technology, entering a revenue-generating phase [5] - **Zhongke Haixun**: Provides signal processing platforms and has core technologies in sonar systems, capable of offering comprehensive solutions [5]