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2025-2029年中国光量子雷达行业市场供需现状及发展趋势预测报告
Sou Hu Cai Jing· 2025-05-08 04:51
光量子雷达是一种利用光子的量子特性(如纠缠、相干性和单光子检测),来实现目标探测和成像的新 兴探测技术。 光量子雷达是基于光子的量子特性,工作时,光子分为两路,一路光子经过目标,另一路光子不通过目 标,但也有目标的信息,通过两光子关联性、符合度检测得到目标的信息。传统雷达系统存在易受干扰 和欺骗的问题,尤其是在复杂的电磁环境中。通过结合量子科技,光量子雷达克服了传统雷达的应用局 限性。 光量子雷达具有超高灵敏度、强抗干扰能力、低可探测性、可连续探测、高探测精度、高分辨率成像等 特点,在低空经济、航空航天、军事、安防、智能交通、气象测绘、环境监测、医疗、资源勘探等领域 具有广阔应用前景。 目前非纠缠态的量子关联雷达、纠缠态光子量子雷达等是主要的量子探测系统。光量子雷达受烟尘雾 霾、障碍物、大气湍流等环境因素的影响较小,在环境监测领域,其可用于二氧化碳通量探测、颗粒物 监测、城市大气污染扩散路径追溯、甲烷浓度分布探测等场景。 2025年工业和信息化部办公厅印发《关于组织开展2025年未来产业创新任务揭榜挂帅工作的通知》,在 量子科技领域,面向双碳战略中的碳排放和碳计量、远距离管网泄漏检测的应用需求,拟部署"碳监测 ...
四川25年单省将建设73部测雨雷达,重点推荐纳睿雷达
Tianfeng Securities· 2025-05-06 10:44
Investment Rating - Industry rating is maintained at "Outperform the Market" [1] Core Viewpoints - The report highlights significant advancements in Sichuan's hydrological infrastructure, with a total investment of 1.2 billion yuan in water conservancy projects during the "14th Five-Year Plan" period, marking a historical high [3][4] - The construction of 73 rain radar systems in Sichuan is expected to enhance the province's ability to respond to flood risks, with 41 systems planned for high-risk areas and 30 for medium-risk areas [3][4] - The report emphasizes the importance of a three-tiered monitoring and forecasting system, which includes meteorological satellites, rain radar systems, and hydrological stations, to improve flood warning accuracy and resource management [4] Summary by Sections Industry Overview - Sichuan, known as the "Province of a Thousand Rivers," faces frequent mountain flood disasters due to its complex terrain and developed water systems [4] - The province anticipates moderate to severe flooding during the current flood season, particularly in the northeastern basin and Longmen Mountain areas [4] Infrastructure Development - Since the implementation of the "14th Five-Year Plan," Sichuan has constructed 537 hydrological stations, including 368 rain gauge stations and 169 hydrological stations, with plans for further expansion [4] - The overall density of the hydrological station network has increased by 36.5% since the start of the "14th Five-Year Plan" [4] Investment Opportunities - The report recommends investing in "Nairui Radar," which focuses on multi-functional phased array radar technology, indicating strong growth potential in air traffic control and airport sectors [5] - The company is positioned to benefit from domestic demand for air traffic control equipment and the trend towards low-altitude economy policies [5]
纳睿雷达20250429
2025-04-30 02:08
Summary of the Conference Call for Narui Radar Company Overview - **Company**: Narui Radar - **Industry**: Meteorological and Hydrological Radar Key Points and Arguments 1. **Profit Growth**: Narui Radar's profit for 2024 is expected to grow by approximately 400% year-on-year, driven by a significant increase in orders from the meteorological and hydrological surveying sectors, with meteorological orders increasing over twofold and hydrological radar orders nearly quadrupling, although some orders will be carried over to 2025 [2][4][30] 2. **Market Outlook**: The company anticipates continued strong performance in the meteorological and hydrological markets, benefiting from global weather disasters and China's severe disaster prevention and mitigation situation, with the government placing high importance on disaster warning capabilities [2][5][6] 3. **Military Orders**: As of April 2025, the company has accumulated approximately 150 million yuan in new military orders, with 110 million yuan added in the first quarter, indicating a significant growth trend in military contracts [2][9] 4. **Total Orders**: The total order amount for 2024 is 800 million yuan, with approximately 250 million yuan from Guangdong province and 550 million yuan from outside the province. All new orders of 150 million yuan in 2025 are from outside the province [2][13] 5. **Gross Margin**: The gross margin for hydrological and meteorological radar products is around 70%. The decline in gross margin in 2024 is attributed to lower product prices and a higher proportion of infrastructure projects, with a combined gross margin of approximately 70% to 75% when excluding infrastructure impacts [2][12][19] 6. **Backlog Orders**: As of the end of the first quarter of 2025, the company has a backlog of undelivered orders totaling approximately 500 to 600 million yuan, with revenue of about 80 million yuan confirmed in the first quarter [2][20] 7. **Order Delivery Issues**: Some orders were carried over to 2025 due to delays in supporting projects caused by clients, but confidence remains high for completing the previous year's orders [7][10] 8. **Market Competition**: Key competitors in the meteorological radar sector include Zhejiang Huasheng Meida, Beijing Huayun Group, and others. In the hydrological radar sector, competitors include Aerospace 23 Institute and others [14][15] 9. **Technological Advantage**: The company has a strong competitive advantage in the market due to its established technology, cost control, application effectiveness, and high customer recognition, achieving a market share of 60% in the meteorological sector [16] 10. **Sales Performance**: In 2024, the company sold 79 radars, with a roughly equal distribution between hydrological and meteorological radars, and most sales occurring outside Guangdong province [17][18] Additional Important Information 1. **Market Demand for Radar**: The market demand for X-band meteorological radars is substantial, with an estimated need for around 1,000 phased array weather radars and over 1,000 rain measurement radars across key flood-prone areas [21][24] 2. **Future Product Development**: The company is actively developing S and C-band radars, with expectations for significant market opportunities as the government updates its radar network [22][30] 3. **Acquisition of Sigma**: The acquisition of Sigma aims to meet the demand for next-generation phased array radar chips and expand into the CDS niche market, with Sigma being a key supplier for major companies like Huawei [3][29] 4. **Overall Market Outlook**: The company holds an optimistic view of future market performance, expecting stable demand in the meteorological sector and significant growth in the hydrological sector over the next two years [30][31]
航天南湖(688552):业绩拐点已到 航天科工集团旗下主机厂上市平台多领域市场爆发
Xin Lang Cai Jing· 2025-04-29 02:40
Core Viewpoint - The company has experienced significant fluctuations in its financial performance, with a sharp decline in 2024 followed by a remarkable recovery in the first quarter of 2025, indicating a potential turning point in its business trajectory [1][2]. Financial Performance - In 2024, the company reported revenue of 218 million, a year-on-year decrease of 69.98%, and a net profit attributable to shareholders of -78.23 million, down 176.36% [1][2]. - For Q1 2025, the company achieved revenue of 358 million, a year-on-year increase of 1201.58%, with a net profit of 56.60 million, up 450.48% [1][2]. Order Backlog and Sales - As of the end of 2024, the company had a cumulative order backlog of approximately 1.4 billion [2]. - The company anticipates related sales of about 373 million in 2025, representing a year-on-year increase of 192.39%, and related purchases of approximately 156 million, up 584.32% compared to 2024 [2]. Technological Advantages - The company, backed by the Beijing Institute of Radio Measurement, possesses leading technology in air defense radar, with a comprehensive set of core technology reserves [3]. - The company is currently developing five key radar models, with three in the state identification phase, one in engineering development, and one in prototype development, which may lead to rapid performance release [3]. Strategic Development - The company is focusing on expanding its military trade business and exploring new industries such as low-altitude economy, aligning with strategic development goals [4]. - The company aims to enhance its international market capabilities and actively participate in local government planning for low-altitude economic development [4]. Profit Forecast - The company projects revenues of 1.234 billion, 1.687 billion, and 2.136 billion for 2025-2027, with corresponding net profits of 172 million, 217 million, and 257 million, leading to valuations of 44.1, 35.0, and 29.5 times [4].