作者 | 贝壳XY 编辑 | 小白 还记得《哈利·波特》里那件令人心驰神往的隐身斗篷吗？披上它，就能在众目睽睽之下悄然遁形， 潜入魔法世界的任何角落。哪个孩子不曾幻想，裹上这样一件斗篷，溜出课堂，或是轻手轻脚地搞一 场不留痕迹的恶作剧？ 如今，这份曾被视为天马行空的幻想，正悄然叩响现实的大门。而手握这把"隐身之钥"的，恰恰是一 家中国科技企业，它凭借"超材料"这一前沿科技，将"电磁隐身"从科幻概念逐步锻造成可触可感的现 实。 满产满销。 ...

中证报中证网讯(记者齐金钊)日前，中证指数有限公司公布沪深300、中证500、中证1000、中证A50、 中证A100、中证A500等指数样本定期调整方案。A股超材料龙头企业光启技术（002625）被中证指数 公司调入沪深300、中证A50、中证A100三大核心指数。与此同时，深证成指也将光启技术调入深证100 指数。 光启技术作为超材料领域的领军企业，其技术壁垒和产业化能力已获市场广泛认可。根据2024年年度报 告显示，光启技术全年实现营业收入15.58亿元，同比增长4.25%；净利润6.52亿元，同比增长11.77%； 已经连续六年实现业绩双增；今年10月份发布的三季报显示，公司前三季度实现营收15.96亿元，同比 增长25.76%，已超过去年全年水平；净利润6.06亿元，同比增长12.81%；达到去年全年的93%。 业内人士认为，此次光启技术入选四大指数的核心逻辑在于：一方面，超材料技术高度契合国家"新质 生产力"战略方向，公司作为国内唯一实现规模化量产的超材料企业，已成为高端制造领域的硬科技标 杆；另一方面，近期公司股权质押全面清零显著改善财务结构，控股股东质押比例历史性归零，消除了 机构投资者风控顾 ...

Core Insights - The core viewpoint of the news is that Guangqi Technology has been included in four major indices, marking a significant strategic transition from a niche leader in the metamaterials sector to a core asset in the A-share market [1][2][4] Group 1: Index Inclusion - Guangqi Technology has been officially included in the CSI 300, CSI A50, CSI A100, and Shenzhen 100 indices, achieving a historic "four-index inclusion" for the first time [1] - This inclusion reflects the company's recognition as a leading player in the metamaterials industry and its alignment with national strategic goals [2][4] Group 2: Financial Performance - In the 2024 annual report, Guangqi Technology reported a revenue of 1.558 billion yuan, a year-on-year increase of 4.25%, and a net profit of 652 million yuan, up 11.77%, marking six consecutive years of revenue and profit growth [2] - For the first three quarters of 2025, the company achieved a revenue of 1.596 billion yuan, a year-on-year increase of 25.76%, and a net profit of 606 million yuan, up 12.81%, reaching 93% of the previous year's total [2] Group 3: Strategic Developments - The company's inclusion in the indices is supported by its unique position as the only domestic enterprise capable of large-scale production of metamaterials, establishing it as a benchmark in high-end manufacturing [2] - Recent improvements in financial structure, including the complete elimination of share pledges, have enhanced credit ratings and alleviated investor concerns, facilitating the index inclusion process [2] Group 4: Future Growth Potential - Industry experts anticipate that the inclusion in major indices will lead to a sustained release of liquidity premiums [3] - The company is set to significantly increase its production capacity with the upcoming launch of its Zhuzhou 905 and Tianjin 906 bases, which will resonate with order volume growth, accelerating performance elasticity [3] - A newly proposed employee stock ownership plan aims to strengthen internal motivation by linking performance targets to revenue growth, with ambitious growth rates set for 2026 to 2028 [3] Group 5: Industry Positioning - Guangqi Technology has evolved from focusing on single technological breakthroughs to establishing a comprehensive ecosystem in the metamaterials industry, penetrating strategic emerging fields such as advanced equipment and smart vehicles [4] - The simultaneous inclusion in four major indices signifies a threefold resonance of technological strength, industry position, and capital market recognition [4]

Core Insights - Zhongzheng Index Company announced the regular adjustment plan for various indices including CSI 300, CSI 500, CSI 1000, CSI A50, CSI A100, and CSI A500, marking a significant event in the market [1] - Guangqi Technology, a leading company in the field of metamaterials, has been included in the CSI 300, CSI A50, and CSI A100 indices, achieving a historic milestone of being included in four indices simultaneously, indicating its strategic transition to a core asset in the A-share market [1] Financial Performance - For the year 2024, Guangqi Technology reported an annual revenue of 1.558 billion yuan, representing a year-on-year growth of 4.25%, and a net profit of 652 million yuan, with a year-on-year increase of 11.77%, marking six consecutive years of double growth in performance [1] - The third-quarter report released in October shows that the company achieved a revenue of 1.596 billion yuan in the first three quarters, reflecting a year-on-year growth of 25.76%, surpassing the total revenue of the previous year, and a net profit of 606 million yuan, which is a year-on-year increase of 12.81%, reaching 93% of last year's total [1]

此次纳入基于公司扎实的硬科技实力与显著改善的财务结构。作为国内实现超材料规模化量产的企业， 光启技术业绩持续增长，2024年营收净利双增，2025年前三季度营收已超去年全年。同时，公司近期完 成股权质押全面清零，控股股东质押比例归零，极大提升了机构投资者信心。 指数调入预计将带来显著的流动性溢价与估值体系重构，推动公司估值锚向科技龙头切换。随着株洲、 天津基地投产带来产能大幅提升，以及2025年披露订单金额创历史新高，公司发展动能强劲。 经济观察网 近日，中证指数公司与深交所调整核心指数样本，光启技术（002625.SZ）被一次性调入沪 深300、中证A50、中证A100及深证100四大核心指数，创下公司"四指联调"纪录。此举标志着这家超材 料龙头企业完成了从细分赛道领军者向A股市场公认核心资产的战略跨越。 MACD金叉信号形成，这些股涨势不错！ ...

Core Viewpoint - The inclusion of Guangqi Technology in four major indices marks a significant strategic transition from a niche leader in the metamaterials sector to a core asset in the A-share market, reflecting its recognized technological and industrial capabilities [1][2]. Group 1: Index Inclusion - Guangqi Technology has been added to the CSI 300, CSI A50, CSI A100, and Shenzhen 100 indices, achieving a historic "four-index inclusion" for the first time [1]. - This inclusion is supported by the company's unique position as the only domestic enterprise capable of large-scale production of metamaterials, aligning with the national strategy for "new quality productivity" [2]. Group 2: Financial Performance - For the fiscal year 2024, Guangqi Technology reported a revenue of 1.558 billion yuan, a year-on-year increase of 4.25%, and a net profit of 652 million yuan, up 11.77% [1]. - The company's Q3 report indicated a revenue of 1.596 billion yuan for the first three quarters, reflecting a 25.76% year-on-year growth, surpassing the total revenue of the previous year [1]. Group 3: Financial Structure Improvement - The complete elimination of share pledges has significantly improved the company's financial structure, alleviating concerns from institutional investors and enhancing credit rating expectations [2]. - The company previously faced high debt levels but has successfully optimized its debt through various strategies, leading to a historic reduction in pledge ratios [2]. Group 4: Future Growth Potential - The company anticipates a record-breaking order amount for 2025, with production capacity expected to increase significantly following the launch of new bases in Zhuzhou and Tianjin [3]. - The shift from a focus on single technological breakthroughs to a comprehensive ecosystem in the metamaterials industry is expected to drive accelerated growth and expansion into strategic emerging fields [3].

Core Viewpoint - The article discusses various industries and companies that are leveraging QYResearch's market reports to inform their strategic decisions and investments, highlighting significant growth projections across multiple sectors. Group 1: Aerospace and Defense - The global aerospace testing and certification services market is projected to reach $7.432 billion in 2025 and grow to $12.112 billion by 2031, with a compound annual growth rate (CAGR) of 8.50% from 2025 to 2031 [2] - Chengdu Sicor Microelectronics Co., Ltd. has referenced QYResearch's report on this market [2] Group 2: Optical Components - The global aspheric optical lens market is expected to grow to $14.92 billion by 2031, indicating a strong market outlook [3] - Sichuan Junyi Digital Technology Co., Ltd. has utilized QYResearch's report on this sector [3] Group 3: Advanced Materials - The global metamaterials market is anticipated to reach $30 billion by 2030, with a dominant market share held by Guangqi Technology Co., Ltd. in the domestic military electromagnetic metamaterials sector [3] - QYResearch forecasts a rapid growth rate for this market [3] Group 4: Semiconductor and Electronics - The precursor market is characterized by high purity and specific physical and chemical properties, with significant growth expected in the semiconductor industry [4] - QYResearch's report indicates that the global electrochemical energy storage battery market will see substantial growth, particularly in China [8] Group 5: Software and IT Services - Chinese software outsourcing companies face challenges due to rising export costs and supply chain restructuring, as highlighted in QYResearch's report [7] - Suzhou Industrial Park Lingzhi Software Co., Ltd. is looking to reduce its reliance on Japanese business through acquisitions [7] Group 6: Robotics - The global robotics market is projected to grow from $27.64 billion in 2024 to $81.56 billion by 2031, with a CAGR of approximately 18% [15] - Companies are actively investing in this sector to capitalize on the expanding market opportunities [15] Group 7: Healthcare and Biotechnology - The global organoid market is expected to grow from $0.67 billion in 2024 to $2.15 billion by 2031, with a CAGR of 18.4% [9] - The report emphasizes the transformative potential of organoid technology in precision medicine [9] Group 8: Energy and Storage - The global balcony energy storage market is projected to reach $15 billion by 2031, with a CAGR of 21.1% driven by new application scenarios [35] - This growth reflects the increasing demand for high-value energy solutions [35] Group 9: Consumer Electronics - The global high-speed ionic hair dryer market is dominated by brands like Panasonic and Xiaomi, with significant market research backing from QYResearch [11] - The report indicates a competitive landscape in the consumer electronics sector [11] Group 10: Agriculture - The global amino acid fertilizer market is expected to grow from $0.55 billion in 2024 to $0.948 billion by 2031, with a CAGR of 8.2% [27] - This growth is supported by increasing demand for sustainable agricultural practices [27]

Core Insights - The research team from the University of Science and Technology of China has developed an innovative electro-thermal lattice metamaterial that allows for both independent and collaborative programming control of electric and thermal fields, addressing a significant challenge in multi-physical field coupling control [1][2]. Group 1: Research Innovation - The new design paradigm of electro-thermal lattice metamaterials utilizes a modular design strategy, creating a lattice network composed of identical lattice units connected by high thermal and electrical conductivity "bridges" [1]. - By adjusting the spatial positions and geometric shapes of the lattice units within a unified topological framework, the team has achieved collaborative shaping of electric and thermal fields, overcoming the limitations of traditional static designs [1][2]. Group 2: Functional Demonstration - The research team successfully demonstrated multiple functionalities of electric and thermal fields on the same metamaterial device, including the ability to guide field lines around a region for "invisibility," focus energy at a point, and change the direction of field propagation [2]. - The team has also fabricated complex-shaped field control devices, such as heart and pentagram shapes, showcasing the strong customization capabilities of this metamaterial [2]. Group 3: Implications for Technology Development - This research represents the first successful programmable decoupling control of coupled electric and thermal fields, challenging the traditional understanding that "material properties determine field control capabilities" [2]. - The findings provide core technological support for the development of devices in complex multi-physical field environments, which is crucial for advanced applications in smart energy management and high-performance electronic devices [1][2].

Group 1: Key Conclusions - The report highlights Guangqi Technology (光启技术) as a leader in the metamaterials industry, having built a comprehensive industrial system from scratch, including a headquarters, five bases, seven capability platforms, and eight specialized companies, making it a global leader in metamaterials with integrated R&D, design, mass production, and testing capabilities [1][6][7] - The company is expected to see significant revenue and profit growth as its five bases gradually come into production, benefiting from increased product penetration [1][6][8] Group 2: Financial Projections - For Guangqi Technology, the projected net profit for 2025-2027 is estimated at 9.58 billion, 18.83 billion, and 23.49 billion CNY, with year-on-year growth rates of 47.0%, 96.6%, and 24.7% respectively [6][8] - Fortec Technology (富特科技) is expected to achieve revenues of 37.77 billion, 48.57 billion, and 61.05 billion CNY, with net profits of 2.13 billion, 3.22 billion, and 4.68 billion CNY for the same period [10][11] - Shengke Communication (盛科通信) is projected to have revenues of 13.53 billion, 17.76 billion, and 21.95 billion CNY from 2025 to 2027, with growth rates of 25.1%, 31.3%, and 23.6% respectively [13][14] - Weimais (威迈斯) is forecasted to generate revenues of 70.59 billion, 85.67 billion, and 100.80 billion CNY, with net profits of 6.57 billion, 8.74 billion, and 10.49 billion CNY for the same period [16][18] Group 3: Industry Insights - The metamaterials market is expected to grow at a compound annual growth rate (CAGR) of 60.3% from 2025 to 2031, with significant applications in defense and military, wireless communication, and optics [8] - The report emphasizes the importance of metamaterials in advanced equipment, particularly in defense applications, and highlights Guangqi Technology's unique position as the only company in China to achieve large-scale industrialization of metamaterials for next-generation aerospace equipment [6][8] Group 4: Company Developments - Fortec Technology has seen a significant increase in its Q3 performance, with a revenue of 25.59 billion CNY for the first three quarters of 2025, representing a year-on-year increase of 116.31% [10][11] - Shengke Communication has achieved a positive net profit for the first three quarters of 2025, with a revenue of 8.32 billion CNY, reflecting a 3% year-on-year growth [13][14] - Weimais reported a Q3 revenue of 16.38 billion CNY, with a net profit of 1.53 billion CNY, indicating a strong growth trajectory [16][18]

Core Viewpoint - The article emphasizes the transformation of the Zhuzhou High-tech Zone's development philosophy and practices, highlighting the shift from short-term performance metrics to a focus on sustainable, high-quality development. Group 1: Development Philosophy and Practices - The development philosophy directly influences the practices and performance of local governments, necessitating a correction of distorted performance views to promote a unified national market [1][4]. - The Zhuzhou High-tech Zone underwent significant changes starting in the second half of 2021, leading to a rebirth characterized by a focus on quality rather than quantity in investment attraction [1][3]. Group 2: Investment Attraction Metrics - The number of introduced projects and contracted investment amounts saw a drastic decline from 51 projects worth 401 billion to 14 projects worth 33.38 billion between the first and second halves of 2021 [2]. - However, the contracted investment amount rebounded from 128.03 billion in 2022 to 220.56 billion in 2024, with a consistent increase in contract fulfillment rates reaching 100% in 2023 and 2024 [3]. Group 3: Policy and Governance Changes - The local government established clear rules regarding what can and cannot be done in promoting economic development, moving away from chaotic competition and short-term performance projects [5][6]. - A decisive shift in policy occurred in August 2021, with the introduction of guidelines that emphasized zero land price for certain projects and cautious discussions for larger land requirements [15][16]. Group 4: Structural Reforms - The Zhuzhou High-tech Zone initiated institutional reforms to enhance service delivery, moving from a focus on management metrics to a service-oriented approach [20][21]. - The establishment of a new service-oriented structure, including a project service bureau, aimed to streamline processes and improve efficiency for businesses [25][30]. Group 5: Long-term Development Strategy - The focus has shifted from merely attracting large investments to fostering suitable projects that align with local strengths, particularly in advanced manufacturing and new energy sectors [39][40]. - The article highlights the importance of creating a favorable industrial ecosystem to attract and retain businesses, emphasizing the need for tailored solutions rather than generic policies [41][42]. Group 6: Future Outlook - The Zhuzhou High-tech Zone is actively seeking to integrate into the national market while exploring new models for investment attraction and optimizing assessment mechanisms for investment performance [43].