据证券之星公开数据整理，近期亚光科技（300123）发布2025年中报。截至本报告期末，公司营业总收 入5.11亿元，同比下降8.35%，归母净利润-4200.9万元，同比下降44.33%。按单季度数据看，第二季度 营业总收入2.48亿元，同比下降26.13%，第二季度归母净利润-1486.57万元，同比上升10.35%。本报告 期亚光科技短期债务压力上升，流动比率达0.96。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率25.66%，同比减17.34%，净利 率-6.57%，同比减124.42%，销售费用、管理费用、财务费用总计1.45亿元，三费占营收比28.46%，同 比增8.32%，每股净资产1.5元，同比减37.86%，每股经营性现金流-0.04元，同比减1637.28%，每股收 益-0.04元，同比减33.33% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 5.57亿 | 5.11亿 | -8.35% | | 归母净利润(元) | -2910.63万 | -4200.9万 | -44.33 ...

中航科工(02357)发布中航光电（002179）(002179.SZ)2025年半年度业绩，营业收入约111.83亿元，同比 增长21.6%。归属于上市公司股东的净利润14.37亿元，同比减少13.87%。基本每股收益0.7037元。 ...

Group 1 - The military electronics sector saw a slight increase of 0.25% on August 29, with AVIC Chengfei leading the gains [1] - The Shanghai Composite Index closed at 3857.93, up 0.37%, while the Shenzhen Component Index closed at 12696.15, up 0.99% [1] - Notable gainers in the military electronics sector included AVIC Chengfei, which rose by 7.72% to a closing price of 101.95, and Huali Chuantong, which increased by 7.18% to 26.26 [1] Group 2 - The military electronics sector experienced a net outflow of 382 million yuan from institutional investors, while retail investors saw a net inflow of 137 million yuan [2][3] - The top individual stock performers in terms of net inflow included Huali Chuantong with a net inflow of 210 million yuan from institutional investors [3] - Conversely, AVIC Chengfei had a net outflow of 140 million yuan from institutional investors, indicating a mixed sentiment among different investor types [3]

热点板块：8 月科技方向的热度上升，但整体仍是事件驱动的主题性行情。8 月随着市场风险偏好 不断抬升，科技方向催化剂不断，预计市场风格将有可能继续从银行、高股息等防御型品种切向科技成 长领域。1）人工智能大会涌现出诸如昇腾 384 超节点、物理 AI 等新热点，预计 AI 方向在 8 月将迎来 主题性机会。2）世界机器人博览会召开，机器人国产化和走进老百姓生活依然是 2025 年比较确定的趋 势，机器人产品将从人形机器人向四足机器人、功能型机器人扩展。以此带来的传感器、控制器、灵巧 手等板块的阶段性机会将会反复出现。市场预期特斯拉人形机器人版本有可能更新，或将成为机器人板 块新催化剂。3）半导体国产化仍是大势所趋，关注其中的半导体设备、晶圆制造、半导体材料、IC 设 计等。4）军工板块 2025 年存在订单回升的预期，大部分军工子板块如地面装备、航空装备、军工电子 等一季报已经出现触底迹象。5）创新药经历了近 4 年的调整后逐步迎来收获期，自 2024 年三季度以来 已经连续三个季度净利润增速为正，预计 2025 年创新药将迎来基本面拐点。 盘面回顾：指数获得支撑展开反弹，科创 50 指数领涨。周四市场并未受 ...

Investment Rating - The report maintains a "Recommended" rating for the company [3][6]. Core Views - The company reported a revenue of 1.07 billion yuan in 1H25, a year-over-year decrease of 17.8%, while the net profit attributable to the parent company was 200 million yuan, also down 17.7% year-over-year. The performance met expectations [1]. - In 2Q25, the company achieved a revenue of 720 million yuan, reflecting a year-over-year growth of 18.2%, and a net profit of 140 million yuan, up 16.2% year-over-year. The gross margin for 1H25 improved by 4.0 percentage points to 39.1% [1][2]. - The company is actively expanding its T/R component applications in low-orbit satellites and commercial aerospace, with multiple products already delivered to customers [2][3]. Summary by Sections Financial Performance - 1H25 revenue was 1.07 billion yuan, down 17.8% year-over-year; net profit was 200 million yuan, down 17.7% year-over-year; the performance was in line with expectations [1]. - 2Q25 revenue was 720 million yuan, up 18.2% year-over-year; net profit was 140 million yuan, up 16.2% year-over-year; gross margin improved to 39.1% [1][2]. Product Segmentation - T/R components and RF modules generated 760 million yuan in revenue, down 25.8% year-over-year, accounting for 71% of total revenue, with a gross margin increase of 7.6 percentage points to 44.1% [2]. - The company is developing new RF switch and antenna tuning products for mobile communication terminals, with several new RF switches in mass production [2]. Cost and Inventory Management - The period expense ratio increased by 0.2 percentage points to 18.3% in 1H25, with sales and management expenses rising [3]. - As of the end of 2Q25, accounts receivable and notes totaled 3.27 billion yuan, down 2.3% from the beginning of the year, while inventory increased by 29.8% to 330 million yuan [3]. Investment Outlook - The company is a leading provider of active phased array T/R components and RF integrated circuit products in China. The forecasted net profits for 2025, 2026, and 2027 are 504 million yuan, 679 million yuan, and 883 million yuan, respectively [3][5].

证券代码：300123 证券简称：亚光科技 公告编号：2025-050 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 董事、监事、高级管理人员异议声明 ■ 董事、监事、高级管理人员异议声明的风险提示 请投资者特别关注上述董监高的异议声明。 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议 ■ 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 □适用 √不适用 公司计划不派发现金红利，不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 二、公司基本情况 1、公司简介 ■ 2、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 √否 ■ 3、公司股东数量及持股情况 单位：股 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 前10名股东及前10名无限售流通股股东因转融通出借/归还原因导致较上期发生变化 □适用 √不适用 公司是否具有表决权差 ...

证券日报网讯 8月28日晚间，新光光电发布公告称，公司第三届监事会第三次会议审议通过了《关于使 用闲置自有资金进行现金管理的议案》等多项议案。 （文章来源：证券日报） ...

2025年8月28日，宏达电子(300726.SZ)发布2025年半年度报告。截至2025年8月27日，共有18个机构投 资者披露持有宏达电子A股股份，合计持股量达1838.96万股，占宏达电子总股本的4.47%。其中，前十 大机构投资者包括国家军民融合产业投资基金有限责任公司、天津宏湘资产管理合伙企业(有限合伙)、 香港中央结算有限公司、株洲宏明股权投资管理合伙企业(有限合伙)、中国建设银行股份有限公司-国泰 中证军工交易型开放式指数证券投资基金、招商银行股份有限公司-南方中证1000交易型开放式指数证 券投资基金、叙永金舵股权投资基金管理有限公司-金舵增强二号私募股权投资基金、鹏华中证国防指 数(LOF)A、鹏华空天军工指数(LOF)A、国寿安保策略精选混合(LOF)A，前十大机构投资者合计持股比 例达4.31%。相较于上一季度，前十大机构持股比例合计下跌了0.66个百分点。 公募基金方面，本期较上一期持股增加的公募基金共计1个，即国泰中证军工ETF，持股增加占比小幅 上涨。本期较上一季度新披露的公募基金共计6个，主要包括南方中证1000ETF、鹏华中证国防指数 (LOF)A、鹏华空天军工指数(LOF)A ...

从资金流向上来看，当日军工电子板块主力资金净流出17.01亿元，游资资金净流入4.01亿元，散户资金 净流入13.0亿元。军工电子板块个股资金流向见下表： 证券之星消息，8月28日军工电子板块较上一交易日上涨2.29%，华丰科技领涨。当日上证指数报收于 3843.6，上涨1.14%。深证成指报收于12571.37，上涨2.25%。军工电子板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 688629 | 华丰科技 | 92.21 | 15.12% | 38.13万 | | 32.52亿 | | 688053 | 思科瑞 | 36.71 | 9.71% | 9.39万 | | 3.51亿 | | 300726 | 宏达电子 | 39.70 | 9.64% | 31.64万 | | 12.41亿 | | 688011 | 新光光电 | 47.16 | 9.47% | 6.88万 | | 3.02亿 | | 300045 | 华力创通 | 24.50 | 8.65% ...

Market Overview - The Shanghai Composite Index experienced slight fluctuations, briefly falling below the 3800-point mark, but closed at 3803.08 points, up 0.07% [1] - The Shenzhen Component Index rose by 0.56%, the ChiNext Index increased by 1.26%, and the STAR 50 Index surged by 3.67% [1] - The total trading volume across the Shanghai and Shenzhen markets reached 1.8084 trillion yuan [1] Sector Performance - Strong sectors included semiconductors, communication equipment, electronic chemicals, components, small metals, photovoltaic equipment, travel and hotels, and military electronics [2] - Weaker sectors comprised agriculture and forestry, aquaculture, education, and rail equipment [2] - Notable concept stocks that saw gains included CPO concept, optical communication, copper cable high-speed connections, automotive chips, and advanced packaging [2] Economic Outlook - The market has continued to rise over the past month due to multiple factors, including rising expectations for a Federal Reserve interest rate cut, ongoing technological catalysts, and a positive feedback mechanism from incremental capital [3] - The technology TMT sector has shown strong performance, with improved sentiment in the midstream manufacturing industry [3] - Looking ahead to September, expectations for a Federal Reserve interest rate cut are increasing, and there are early signs of a halt in PPI decline [3] Investment Recommendations - Key areas to focus on include electronics (semiconductors, consumer electronics), computers (computer equipment, software development), non-bank financials, power equipment (batteries, photovoltaic equipment, wind power equipment), machinery (automation equipment, engineering machinery), and beauty care [3]