12月19日，移远通信盘中上涨2.03%，截至09:52，报93.68元/股，成交1.50亿元，换手率0.62%，总市值 245.12亿元。 移远通信所属申万行业为：通信-通信设备-通信终端及配件。所属概念板块包括：无人驾驶、6G概念、 毫米波雷达、无人机、5G等。 截至9月30日，移远通信股东户数4.24万，较上期增加10.63%；人均流通股6174股，较上期减少9.61%。 2025年1月-9月，移远通信实现营业收入178.77亿元，同比增长34.96%；归母净利润7.33亿元，同比增长 105.65%。 分红方面，移远通信A股上市后累计派现7.49亿元。近三年，累计派现5.40亿元。 机构持仓方面，截止2025年9月30日，移远通信十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股1775.00万股，相比上期增加111.41万股。睿远成长价值混合A（007119）位居第九大流通 股东，持股290.47万股，相比上期减少19.82万股。 责任编辑：小浪快报 资金流向方面，主力资金净流入813.22万元，特大单买入494.87万元，占比3.30%，卖出373.06万元，占 比2.49%；大单买入 ...

12月18日，楚天龙盘中下跌2.02%，截至14:24，报17.97元/股，成交1.80亿元，换手率2.17%，总市值 82.87亿元。 资金流向方面，主力资金净流出1537.86万元，特大单买入0.00元，占比0.00%，卖出463.99万元，占比 2.58%；大单买入1328.33万元，占比7.39%，卖出2402.20万元，占比13.37%。 楚天龙今年以来股价涨37.81%，近5个交易日跌0.44%，近20日跌5.57%，近60日跌21.36%。 今年以来楚天龙已经10次登上龙虎榜，最近一次登上龙虎榜为8月8日，当日龙虎榜净买入2.70亿元；买 入总计4.42亿元 ，占总成交额比18.00%；卖出总计1.71亿元 ，占总成交额比6.99%。 资料显示，楚天龙股份有限公司位于北京市海淀区蓝靛厂金源时代购物中心B区1508室，成立日期2002 年10月16日，上市日期2021年3月22日，公司主营业务涉及从事智能卡的设计、研发、生产、销售和服 务。主营业务收入构成为：嵌入式安全产品80.69%，智能硬件9.86%，软件及服务7.25%，其他2.21%。 楚天龙所属申万行业为：通信-通信设备-通信终端及配件 ...

12月18日，东信和平盘中下跌2.01%，截至13:51，报20.48元/股，成交3.03亿元，换手率2.51%，总市值 118.87亿元。 截至9月30日，东信和平股东户数9.45万，较上期增加8.16%；人均流通股6135股，较上期减少7.54%。 2025年1月-9月，东信和平实现营业收入9.61亿元，同比减少9.77%；归母净利润1.12亿元，同比减少 5.45%。 分红方面，东信和平A股上市后累计派现5.41亿元。近三年，累计派现2.27亿元。 机构持仓方面，截止2025年9月30日，东信和平十大流通股东中，香港中央结算有限公司位居第三大流 通股东，持股934.09万股，相比上期增加386.22万股。华宝中证金融科技主题ETF（159851）位居第四 大流通股东，持股576.46万股，相比上期增加276.59万股。 责任编辑：小浪快报 东信和平今年以来股价涨100.67%，近5个交易日跌0.92%，近20日跌5.71%，近60日跌22.45%。 今年以来东信和平已经14次登上龙虎榜，最近一次登上龙虎榜为10月17日，当日龙虎榜净买入3.64亿 元；买入总计4.58亿元 ，占总成交额比30.89%；卖 ...

实达集团所属申万行业为：通信-通信设备-通信终端及配件。所属概念板块包括：福建自贸区、福建国 资、东数西算、人形机器人、云计算等。 截至9月30日，实达集团股东户数9.81万，较上期减少8.28%；人均流通股22191股，较上期增加9.51%。 2025年1月-9月，实达集团实现营业收入1.35亿元，同比增长111.97%；归母净利润-8757.10万元，同比 减少339.62%。 12月18日，实达集团（维权）盘中上涨2.06%，截至11:20，报4.95元/股，成交7.27亿元，换手率 6.87%，总市值107.83亿元。 资金流向方面，主力资金净流出126.12万元，特大单买入4391.85万元，占比6.04%，卖出3618.67万元， 占比4.98%；大单买入1.26亿元，占比17.37%，卖出1.35亿元，占比18.61%。 实达集团今年以来股价涨37.12%，近5个交易日跌13.01%，近20日涨17.86%，近60日涨25.32%。 今年以来实达集团已经15次登上龙虎榜，最近一次登上龙虎榜为12月10日，当日龙虎榜净买入-7073.53 万元；买入总计2.96亿元 ，占总成交额比7.45%；卖出 ...

Company Overview - Guanghetong Wireless Co., Ltd. is located in Shenzhen, Guangdong Province, and was established on November 11, 1999. The company went public on April 13, 2017. Its main business involves the design, research and development, and sales services of wireless communication modules and their applications [2]. - The company's revenue composition is primarily from wireless communication modules, accounting for 99.38%, with other sources contributing 0.62% [2]. - Guanghetong is classified under the communication equipment sector, specifically in communication terminals and accessories, and is associated with concepts such as AI toys, embodied intelligence, edge AI, smart glasses, and 5G [2]. Financial Performance - For the period from January to September 2025, Guanghetong reported a revenue of 5.366 billion yuan, representing a year-on-year decrease of 13.69%. The net profit attributable to shareholders was 316 million yuan, down 51.50% year-on-year [2]. - Since its A-share listing, Guanghetong has distributed a total of 869 million yuan in dividends, with 620 million yuan distributed over the past three years [3]. Stock Performance - As of December 18, Guanghetong's stock price was 27.43 yuan per share, with a market capitalization of 24.702 billion yuan. The stock has increased by 38.53% year-to-date, but has seen a decline of 2.07% over the last five trading days [1]. - The stock experienced a net outflow of 24.3166 million yuan in principal funds, with significant buying and selling activity noted in large orders [1]. - Guanghetong has appeared on the stock market's "Dragon and Tiger List" three times this year, with the most recent appearance on December 2, where it recorded a net buy of -925.283 million yuan [1]. Shareholder Information - As of September 30, 2025, Guanghetong had 79,500 shareholders, a decrease of 3.54% from the previous period. The average number of circulating shares per shareholder increased by 3.67% to 6,703 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fourth largest, holding 6.3011 million shares, an increase of 1.553 million shares from the previous period [3].

Core Viewpoint - The stock price of Huace Navigation has shown a positive trend, with a year-to-date increase of 10.00% and a recent uptick in trading activity, indicating investor interest and potential growth in the company's market position [2][1]. Group 1: Stock Performance - As of December 18, Huace Navigation's stock rose by 2.04%, reaching 32.45 CNY per share, with a trading volume of 3.47 billion CNY and a market capitalization of 255.20 billion CNY [1]. - The stock has experienced a 5.70% increase over the last five trading days and a 2.20% increase over the last 20 days, while it has declined by 10.90% over the past 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Huace Navigation reported a revenue of 2.618 billion CNY, reflecting a year-on-year growth of 15.47%, and a net profit attributable to shareholders of 493 million CNY, which is a 26.41% increase compared to the previous year [2]. - The company has distributed a total of 971 million CNY in dividends since its A-share listing, with 615 million CNY distributed over the last three years [3]. Group 3: Shareholder Structure - As of September 30, 2025, Huace Navigation had 45,600 shareholders, an increase of 4.88% from the previous period, with an average of 14,204 circulating shares per shareholder, down by 4.65% [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the fifth largest with 13.297 million shares, while E Fund's ChiNext ETF holds 10.579 million shares, having decreased by 1.6898 million shares from the previous period [3].

证 券 研 究 报 告 信维通信（300136）深度研究报告 强推（上调） 全球一站式泛射频解决方案领导者，多业务 齐头并进公司已进入新一轮上升周期 ❖ 风险提示：智能手机出货量不及预期、AI 终端创新进度不及预期、商业卫星 发展不及预期 [ReportFinancialIndex] 主要财务指标 公司研究 通信终端及配件 2025 年 12 月 14 日 | 目标价：50.05 | 元 | | --- | --- | | 当前价：35.95 | 元 | 华创证券研究所 证券分析师：岳阳 邮箱：yueyang@hcyjs.com 执业编号：S0360521120002 证券分析师：高远 邮箱：gaoyuan@hcyjs.com 执业编号：S0360523080005 公司基本数据 | | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业总收入(百万) | 8,744 | 9,889 | 12,178 | 16,782 | | 同比增速(%) | 15.8% | 13.1% | 23.1% | 37.8% | | 归母净利润 ...

Core Viewpoint - Guodun Quantum's stock price has experienced fluctuations, with a year-to-date increase of 48.77% but a recent decline in the last 5 and 20 trading days [1] Company Overview - Guodun Quantum Technology Co., Ltd. was established on May 27, 2009, and went public on July 9, 2020. The company specializes in the research, production, and sales of quantum communication products and provides solutions for various industries including government, finance, and defense [2] - The company's revenue composition includes: technical services (35.68%), quantum communication products (34.31%), quantum precision measurement products (13.03%), quantum computing products (12.42%), and others (4.56%) [2] - As of September 30, 2025, the number of shareholders increased by 12.24% to 21,700, with an average of 3,711 circulating shares per person, a decrease of 10.91% [2] Financial Performance - For the period from January to September 2025, Guodun Quantum achieved a revenue of 190 million yuan, representing a year-on-year growth of 90.27%. However, the net profit attributable to the parent company was a loss of 26.47 million yuan, an increase in loss of 51.98% year-on-year [2] - The company has distributed a total of 9.6 million yuan in dividends since its A-share listing, with no dividends distributed in the last three years [3] Shareholding Structure - As of September 30, 2025, Hong Kong Central Clearing Limited is the tenth largest circulating shareholder with 1.1147 million shares, marking its entry as a new shareholder. Meanwhile, GF Multi-Factor Mixed Fund has exited the top ten circulating shareholders [3]

Core Viewpoint - 大唐电信's stock has shown mixed performance in 2023, with a slight year-to-date decline but recent short-term gains, indicating potential volatility in the market [1][2]. Company Overview - 大唐电信, established on September 21, 1998, and listed on October 21, 1998, is based in Haidian District, Beijing. The company specializes in the development, production, sales, and integration of various communication network systems, terminals, software, and microelectronics [1]. - The main revenue sources for 大唐电信 are security chips (77.71%), special communications (17.59%), and other products (4.69%) [1]. Financial Performance - For the period from January to September 2025, 大唐电信 reported a revenue of 557 million yuan, reflecting a year-on-year growth of 22.63%. However, the company experienced a net loss attributable to shareholders of 49.58 million yuan, which is an increase in loss by 45.25% compared to the previous year [2]. - Since its A-share listing, the company has distributed a total of 135 million yuan in dividends, with no dividends paid in the last three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for 大唐电信 was 106,200, a decrease of 14.24% from the previous period. The average number of circulating shares per person increased by 16.60% to 12,264 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 8.59 million shares, an increase of 5.38 million shares from the previous period, and Guotai CSI All-Index Communication Equipment ETF, which is a new shareholder with 3.94 million shares [3]. Market Activity - On December 1, 2023, 大唐电信's stock price increased by 2.02% to 8.60 yuan per share, with a trading volume of 73.68 million yuan and a turnover rate of 0.67%. The total market capitalization reached 11.21 billion yuan [1]. - The stock has seen a year-to-date decline of 0.35%, with a 5-day increase of 0.58%, a 20-day increase of 2.75%, and a 60-day decline of 7.63% [1].

Core Viewpoint - The stock of Fujian Sida Group has shown significant price appreciation this year, with a year-to-date increase of 43.77%, indicating strong market interest and trading activity [1][2]. Group 1: Stock Performance - As of December 1, the stock price of Fujian Sida Group reached 5.19 CNY per share, with a trading volume of 12.64 billion CNY and a turnover rate of 11.59%, resulting in a total market capitalization of 113.05 billion CNY [1]. - The stock has experienced a 2.17% increase in the last five trading days and a 42.58% increase over the past 20 days [1]. - The company has appeared on the "Dragon and Tiger List" seven times this year, with the most recent appearance on November 28, where it recorded a net purchase of 46.946 million CNY [1]. Group 2: Company Overview - Fujian Sida Group, established on May 30, 1988, and listed on August 8, 1996, is primarily engaged in the research, design, production, and sales of mobile communication smart terminals and related core components, as well as security systems and IoT applications [2]. - The company's revenue composition shows that 98.41% comes from big data business, 1.49% from IoT perimeter security, and 0.10% from other sources [2]. - As of September 30, the number of shareholders was 98,100, a decrease of 8.28% from the previous period, with an average of 22,191 circulating shares per shareholder, an increase of 9.51% [2]. Group 3: Financial Performance - For the period from January to September 2025, Fujian Sida Group reported a revenue of 135 million CNY, reflecting a year-on-year growth of 111.97%. However, the net profit attributable to the parent company was -87.571 million CNY, a decrease of 339.62% compared to the previous year [2]. - The company has cumulatively distributed 124 million CNY in dividends since its A-share listing, with no dividends distributed in the last three years [3].