2024年，*ST万方实现营业收入3.91亿元，较上年同期增长133.70%，扣除后的营业收入为2.28亿元；实 现归母净利润1065.16万元，较上年同期扭亏为盈；扣非归母净利润-460.13万元，较上年同期减少亏 损。 *ST万方上述财务指标已触及《深圳证券交易所股票上市规则》第9.3.1条之"(一)最近一个会计年度经审 计的利润总额、净利润、扣除非经常性损益后的净利润三者孰低为负值，且扣除后的营业收入低于3亿 元"规定的对股票交易实施退市风险警示的情形，公司股票交易在披露2024年年度报告后被实施退市风 险警示。 *ST万方（000638）6月20日公告，公司通过人民法院诉讼资产网查询获悉，长春中院将于2025年7月22 日10时起至2025年7月23日10时止(延时的除外)在淘宝网司法拍卖网络平台上对公司大股东万方源持有 的公司股票9086万股(占其所持有公司股份比例100%，占公司总股本的29.18%)分拆为6个拍卖标的进行 拍卖。 本次拍卖完成后，万方源将失去公司第一大股东的身份，不再持有公司股票，公司存在控股股东、实际 控制人发生变更或无实际控制人的风险。 *ST万方的主营业务以农业和军工业务为 ...

Group 1 - The ground armament sector is experiencing a rise, with Changcheng Military Industry (601606) hitting the daily limit up [1] - Beifang Longzhong (301357) has increased by over 15% [1] - Other companies such as China Shipbuilding Emergency (300527), Jieqiang Equipment (300875), Guoke Military Industry, Tianqin Equipment (300922), and Zhongbing Hongjian (000519) are also seeing gains [1] Group 2 - Dark pool funds are flowing into these stocks, indicating increased investor interest [1]

2025.06. 18 | 板块名称 | 涨幅 | 主力净量 | 主力金额 | 板块名称 | 涨幅备 | 主力净量 | 主力金额 | | --- | --- | --- | --- | --- | --- | --- | --- | | 兵装重组概念 | 43.53% | 1.49 | +2.7617. | 美容护理 | -2.91% | -1.46 | -2.04亿 | | 元件 | +2.70% | 1.94 | +11.89 7. | 稀土永磁 | -2.76% | -1.20 | -18.11 乙 | | 军工装备 | +2.19% | 0.44 | +9.6917. | 金属新材料 | -2.30% | -3.59 | -8.13亿 | | 军工电子 | +1.56% | 1.18 | +3.96 7 | CRO概念 | -2.23% | -2.09 | -10.29亿 | | 科创次新股 | +1.49% | 0.73 | +81347 | 医疗服务 | -2.20% | -1.36 | -8.63 乙 | | 白酒 | +1.29% | 0.15 | +2.27 7. | 影视院线 | -2.1 ...

Group 1 - Lingnan Holdings plans to publicly transfer 3.92% equity of Guangzhou World Wonder at a base price of 23.6576 million yuan, focusing on core business development [1] - Guangkang Biochemical's chlorantraniliprole product has a designed capacity of 10 tons/year but has not yet been produced, with expected minor contribution to overall performance [1] - Palin Bio's controlling shareholder intends to transfer 21.03% of shares to China National Biological, changing the controlling shareholder and actual controller [1][2] Group 2 - Haimer Technology is planning a change of control, leading to a temporary stock suspension for up to two trading days [1] - *ST Zhongdi's stock will be suspended for one day and will resume trading with a change in risk warning status [1] - Jiahua Intelligent's shareholder plans to reduce holdings by up to 1% of total shares due to personal funding needs [5] Group 3 - Bosi Software's director plans to reduce holdings by up to 0.22% of total shares for personal funding needs [6] - Hanjia Design's director intends to reduce holdings by up to 35.6 million shares, representing 0.1577% of total shares [7] - Nanfang Energy plans to invest approximately 51.9788 million yuan in distributed photovoltaic power stations, expecting related transaction amounts to reach 99.3685 million yuan over 25 years [8] Group 4 - Tian Tie Technology's subsidiary temporarily halted production due to steam supply issues, expected to last about one month [9] - Haiguang Information plans a share swap to absorb and merge with Zhongke Shuguang, with stock resuming trading [11] - Tianyima is planning to acquire controlling interest in Xingyun Kaiwu, leading to a stock suspension for up to 10 trading days [12] Group 5 - Xinhua Group's chairman resigned, and Wang Gengyu was elected as the new chairman [13] - Zongyi Co. plans to invest 220 million yuan in Jilai Microelectronics, aiming for a controlling stake post-investment [14] - Zhongying Electronics' controlling shareholder will change to Zhinen Industrial Electronics, with stock resuming trading [16] Group 6 - Huayang Lianzhong plans to jointly invest in a new company with its controlling shareholder, with a registered capital of 402 million yuan [19] - Gaomeng New Materials' chairman and executives plan to reduce holdings by a total of 0.41% of total shares [20] - Beifang Changlong intends to acquire 51% of Henan Zhongsheng for approximately 102 million yuan, expanding its business scope [21]

从行业分布看，截至最新，国证航天指数申万二级行业中航空装备、军工电子、地面兵装及航天装备分 别占比达：66.4%、16.0%、7.8%及6.9%，指数前三大行业集中度达90%。 最新消息面上，据央视新闻，5月29日1时31分，我国在西昌卫星发射中心用长征三号乙Y110运载火 箭，成功将行星探测工程天问二号探测器发射升空。火箭飞行约18分钟后，将探测器送入地球至小行星 2016HO3转移轨道。此后，探测器太阳翼正常展开，发射任务取得圆满成功。天问二号主要任务目标是 对小行星2016HO3进行探测、取样并返回地球，此后再对主带彗星311P开展科学探测。小行星2016HO3 是人类目前发现的地球准卫星之一。 5月29日，天弘旗下新品航空航天ETF天弘（159241）正式登陆深交所上市交易。 二级市场表现上，该ETF早盘低开后拉升翻红，换手率超6%，盘中交投活跃。成分股中，上海瀚讯 （300762）、华力创通（300045）、航天晨光（600501）、中国卫星（600118）等涨幅在1%以上。 航空航天ETF天弘（159241）跟踪国证航天航空行业指数（代码CN5082，简称国证航天），该指数由 沪深北交易所航空航天 ...

资料显示，北方长龙成立于2010年3月，主营业务是以非金属复合材料的性能研究、工艺结构设计和应 用技术为核心的军用车辆配套装备的研发、设计、生产和销售业务。 所属行业：国防军工–地面兵装Ⅱ–地面兵装Ⅲ 科源制药：股东拟减持不超过3%公司股份 5月26日，科源制药（301281）发布公告称，持股5%以上股东问泽鸿计划自公告披露之日起15个交易日 后的3个月内，通过集中竞价交易及大宗交易方式减持公司股份不超过324.87万股，占公司总股本的 3.00%。此次减持是基于股东自身资金需求。 北方长龙：筹划购买河南众晟控股权及配套融资 股票停牌 5月26日，北方长龙（301357）发布公告称，正在筹划发行股份及支付现金购买资产并募集配套资金事 项，因有关事项尚存不确定性，为维护投资者利益，公司股票自5月26日开市时起停牌。本次交易的标 的公司为河南众晟复合材料有限公司（简称"河南众晟"）控股权。公司与交易对方索近善已签署意向性 协议，初步达成购买资产意向。 资料显示，科源制药成立于2004年12月，主营业务是化学原料药及其制剂产品的研发、生产和销售。 所属行业：医药生物–化学制药–原料药 佳士科技：股东拟减持不超过3% ...

Market Overview - The Shanghai Composite Index opened lower by 0.17% on May 22, fluctuated, and closed with a slight increase of 0.06 points. The Shenzhen Component Index fell by 0.28%, and the ChiNext Index decreased by 0.44% [1] - The Hang Seng Index in Hong Kong also opened lower and closed down by 0.55% [2] Defense and Military Industry - The defense and military sector showed strong performance, with stocks like Guoketiancheng (301571) hitting the daily limit with a 20% increase. Other stocks such as Sichuan Chuangxin (600990), Hitec (002023), Guorui Technology (600562), and Galaxy Electronics (002519) also reached their daily limits [3][6][9][10][12][17] - The recent announcement by U.S. President Trump regarding a $175 billion investment in the "Iron Dome" missile defense system has raised concerns about escalating military competition and risks associated with space warfare [18] - The Chinese government has emphasized the importance of national security and the military industry, indicating a stable growth in military spending, which is expected to support the industry's development [19][20] Banking Sector - The banking sector saw a collective rise, with banks like Qingdao Bank (002948) increasing over 3%, and several others like Shanghai Bank (601229) and Jiangsu Bank (600919) also showing gains [21][22] - Recent adjustments in the Loan Prime Rate (LPR) and deposit rates by major banks are expected to impact the banking sector positively, with a focus on stabilizing growth and improving asset quality [23]

军工股再度走强。 5月22日，上证指数早盘低开0.17%，随后震荡走强一度翻红，10:30左右，该指数小幅跳水转跌，11:00左右又快速拉升。盘面上，国防军工、银行、航空机场等板 块表现活跃，锂电池、电力、食品饮料等多个行业下跌。 截至午间收盘，上证指数微涨0.06点，深证成指跌0.28%，创业板指跌0.44%，上证50指数涨0.25%，北证50指数跌4.38%。 53.69 L1 : 诵 ell 配 港股市场今日早盘低开后宽幅震荡，截至 午间收盘 ，恒生指数跌0.55%，恒生科技指数跌0.66%。 | +8.95 +20.00% 所属板块▼ 国防军工 > 军工电子 +1.05% > | | --- | | 今 开 44.58 最 高 53.69 成交量® 10.41万手 | | 昨 收 44.74 最 低 44.35 成交额 5.28亿 | | 换手率 29.01% 市盈 TM ✆ 55.01 总市值▼ 96.33亿 | | V | 分时 五日 日 K 周Ｋ 月Ｋ 更多。 (0) 53.69 20.00% 5 档 买 ap 卖5 0 型4 0 50.71 13.34% 季3 O 英5 0 6.67% 47. ...

Core Viewpoint - The military industry ETF (512660) has seen a net inflow of nearly 140 million in the past two days, with a strong price increase of nearly 1% despite market fluctuations. This is driven by rising global defense budgets and China's accelerated military modernization plans under the "14th Five-Year Plan" [1] Group 1: Market Dynamics - The ETF closely follows the CSI Military Industry Index, heavily investing in high-growth sub-sectors such as aviation equipment, military electronics, and maritime and aerospace industries [1] - By May 15, 2025, the ETF's share is expected to increase by 30% compared to the end of 2024, indicating a significant rise in capital attention [1] Group 2: Industry Outlook - With steady demand for equipment construction and logistical support, leading companies in the military sector are expected to see marginal improvements in performance [1] - CITIC Construction Investment Securities anticipates that some sectors will bottom out and recover in Q1 2025, with ground armaments and aerospace (missile) performance stabilizing year-on-year [1] - Positive signals have emerged in the military sector since the end of 2024, with core companies announcing contracts and expected performance stabilization, indicating a potential recovery in industry fundamentals [1]

激浊扬清，周观军工 第119期： 歼-10CE实战战果或牵引军贸变局 长江证券研究所国防军工研究小组 2025-05-18 %% %% 目 录 02 中东与美国历史大单实际执行率较低， 经济持续绑定中国合作领域稳步拓宽 03 弹药消耗是军工投资的占优增量方向， 多型装备需求牵引产业景气快速扩张 04 火炸药及弹药是毁伤能力的物质基础， 俄乌冲突以来欧美加快弹药基地建设 05 十四五收官务期必成：甄选"产品力 提升、渗透率提升、客单价提升"标的 01 美方计划2025起六代机逐步可部署， 核心国家竞相角逐实现跨代性能提升 %% research.95579.com %% %% research.95579.com 1 分析师 王贺嘉 分析师 王清 SAC执业证书编号：S0490520110004 SAC执业证书编号：S0490524050001 SFC执业证书编号：BUX462 分析师及联系人 证券研究报告 • 证券研究报告 • 评级 看好 维持 %% %% %% %% research.95579.com 2 3 01 美方计划2025起六代机逐步可部署， 核心国家竞相角逐实现跨代性能提升 %% %% %% ...