格隆汇8月21日丨雷电微力(301050.SZ)公布半年度报告，2025年上半年公司实现营业收入4.62亿元，较 上年同期下降34.05%；归属于上市公司股东的净利润1.16亿元，较上年同期下降44.22%；扣除非经常性 损益的净利润为1.05亿元，较上年同期下降45.46%。本期业绩较上年同期出现下滑，主要系受行业整体 影响，2024年新增订单不足，生产量和完工交付量下降，导致本期产品验收数量减少，收入下滑。向全 体股东每10股派发现金红利1.42元。 ...

注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 天和防务8月21日披露，截至8月20日公司股东户数为63677户，较上期（8月10日）减少3502户，环比降 幅为5.21%。 证券时报·数据宝统计，截至发稿，天和防务收盘价为14.80元，下跌1.86%，本期筹码集中以来股价累 计下跌0.40%。具体到各交易日，3次上涨，6次下跌。 公司发布的一季报数据显示，一季度公司共实现营业收入8795.84万元，同比下降34.77%，实现净利 润-3041.85万元，同比下降534.67%，基本每股收益为-0.0600元。（数据宝） ...

雷电微力公告，2025年上半年营业收入4.62亿元，同比下降34.05%。净利润1.16亿元，同比下降 44.22%。公司拟以2.44亿股为基数，向全体股东每10股派发现金红利1.42元（含税）。 ...

证券之星消息，8月21日军工电子板块较上一交易日下跌0.17%，科思科技领跌。当日上证指数报收于 3771.1，上涨0.13%。深证成指报收于11919.76，下跌0.06%。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) | | | --- | --- | --- | --- | --- | --- | --- | | 688081 | 於嚴圖示 | 26.39 | 4.76% | 7.17万 | | 1.84亿 | | 302132 | 中航成飞 | 90.11 | 2.65% | 29.87万 | | 26.64亿 | | 002214 | *ST大立 | 11.70 | 2.63% | 7.21万 | | 8449.08万 | | 300629 | 新劲刚 | 23.30 | 2.51% | 1 27.70万 | | 6.45亿 | | 688629 | 华丰科技 | 65.00 | 1.88% | 21.48万 | | 13.90亿 | | 603267 | 鸿远电子 | 57.03 | 1.06% | 5.56万 | | 3.17亿 | ...

Core Viewpoint - The company Xin Jing Gang (300629.SZ) has successfully applied its radio frequency microwave technology and related products in various specialized fields, including ground fixed, vehicle-mounted, airborne, shipborne, and missile-mounted applications [1]. Group 1 - The company's radio frequency microwave technology is versatile and has been utilized in multiple sectors [1]. - Applications of the technology span across different platforms, indicating a broad market potential [1].

Investment Rating - The investment rating for the company is "Buy" (maintained) [4][7]. Core Views - The company is experiencing short-term pressure on performance due to industry cycles and increased R&D investments, but there are positive signs of recovery in Q2 2025 [6]. - The company is positioned as a leader in military information technology, benefiting from the integration of military and civilian sectors, and is expected to gain from the rollout of the third generation of Beidou products and new satellite communication networks [6][7]. Summary by Sections Financial Performance - In H1 2025, the company achieved revenue of 2.229 billion yuan, a year-on-year decrease of 13.97%, and a net profit attributable to shareholders of 3 million yuan, down 98.72% year-on-year [6]. - The company's gross profit margin for H1 2025 was 27.36%, a decrease of 1.43% year-on-year, while the net profit margin was 0.3%, down 8.33% year-on-year [6]. Business Segments - Wireless communication revenue was 690 million yuan, down 5.73% year-on-year, with a gross margin of 38.31% [6]. - Beidou navigation revenue was 280 million yuan, down 32.25% year-on-year, with a gross margin of 55.68% [6]. - Aerospace revenue was 140 million yuan, down 11.04% year-on-year, with a gross margin of 16.26% [6]. - Smart ecology revenue was 1.082 billion yuan, down 13.15% year-on-year, with a gross margin of 12.19% [6]. Future Outlook - The company plans to continue increasing R&D investments, focusing on innovative business areas, including AI military applications and satellite internet [6]. - The company has secured significant contracts, including a framework contract worth 1.216 billion yuan for communication engineering services with China Mobile [6]. - The projected net profits for 2025-2027 are 536 million yuan, 739 million yuan, and 1.047 billion yuan, respectively, with corresponding EPS of 0.22 yuan, 0.30 yuan, and 0.42 yuan [6][7].

伟测科技：上半年净利润1.01亿元 同比增长831.03% 8月20日晚，伟测科技（688372）发布2025年半年度报告，公司上半年实现营业收入6.34亿元，同比增 长47.53%；实现归属于上市公司股东的净利润1.01亿元，同比增长831.03%；基本每股收益为0.68元/ 股。 资料显示，伟测科技成立于2016年5月，主营业务是晶圆测试、芯片成品测试以及与集成电路测试相关 的配套服务。 所属行业：电子–半导体–集成电路封测 长华集团：收到客户项目定点通知书 8月20日晚，长华集团（605018）发布公告称，公司近期收到国内车企的定点开发通知书，定点产品主 要为关键金属结构件。此次定点项目生命周期为8年，预计生命周期总销售金额约1.9亿元，计划于2026 年第三季度逐步开始量产。 资料显示，长华集团成立于1993年11月，主营业务是汽车金属零部件的研发、生产、销售。 所属行业：汽车–汽车零部件–其他汽车零部件 君禾股份：上半年净利润3099.93万元 同比下降19.53% 8月20日晚，君禾股份（603617）发布2025年半年度报告，公司上半年实现营业收入5.78亿元，同比增 长5.53%；实现归属于上 ...

Group 1 - The defense and military industry sector is expected to experience a new market trend driven by the upcoming military parade on September 3rd and the Army Day on August 1st, showcasing advanced military technologies such as unmanned intelligent combat systems and hypersonic weapons [4] - The display of new equipment during the parade may reinforce the upgrade logic for major manufacturers, indicating a comprehensive upgrade of the military industrial chain [4] - The military electronics industry, as a foundational element in the development and deployment of new equipment, is deeply involved in the iteration of military technologies across generations [4] Group 2 - Military electronics are anticipated to recover first in 2025, as previously analyzed, with three military electronics stocks expected to show performance growth based on semi-annual earnings forecasts [5] - This article aims to further explore relevant military electronics stocks that have not yet released their semi-annual earnings forecasts but have shown strong performance in their first-quarter reports, with some entering the earnings realization phase and others experiencing significant growth [5]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | | 成交额(元) | | --- | --- | --- | --- | --- | --- | --- | | 600590 | 泰家科技 | 12.89 | 9.98% | | 13.69万 | 1.76亿 | | 002338 | 奥普光电 | 57.31 | 4.96% | | 12.12万 | 6.80亿 | | 002231 | *ST奥维 | 4.81 | 4.11% | | 61.26万 | 2.93亿 | | 002214 | *ST大立 | 11.40 | 3.83% | | 6.95万 | 7813.54万 | | 688272 | 富吉瑞 | 30.75 | 3.81% | | 3.31万 | 1.01亿 | | 002151 | 北斗星通 | 31.48 | 3.52% | | 32.04万 | 26666 | | 301302 | 华如科技 | 27.73 | 3.16% | | 17.23万 | 4.75亿 | | 688511 | *ST天微 | 24.10 | 2.68% | | 1.52万 | 3596.35 ...

Investment Rating - The report does not explicitly state an investment rating for the military industry Core Insights - 2025 is expected to be a year of compensatory demand release for the military electronics sector, with most companies positioned upstream in the industry benefiting first as the industry reaches a turning point [2] - The "93" military parade and escalating global geopolitical conflicts have increased market attention on various military sectors [2] - The military electronics index has shown a slight increase of 0.01% in July, while the overall military index rose by 1.81%, indicating a need to be cautious about trading risks due to high valuations [2][27] - As of August 10, 2025, 21 military electronics companies have released their semi-annual performance forecasts, with 10 expecting profit increases and 11 expecting decreases [2] Monthly Performance Analysis - In July, the military electronics index increased by 0.01%, while the military index rose by 1.81%, underperforming the overall market indices [27] - The Shanghai Composite Index increased by 2.96%, the Shenzhen Component Index by 4.92%, and the ChiNext Index by 8.13% [28] - The top three performers in July were New Light Optoelectronics (+71.33%), Xicai Testing (+34.11%), and New Ray Energy (+25.76%) [28] Industry Valuation and Recovery - The military electronics sector's valuation is at 94.08% historical percentile, indicating a need to focus on structural recovery opportunities within sub-sectors [29] - The military electronics index's price-to-earnings ratio (TTM) is 63.52 times, slightly down from the previous month [29] - The report emphasizes the importance of focusing on segments with growth potential and solid fundamentals as the industry recovers [32] Emerging Opportunities - The report highlights the potential for growth in military electronics driven by new domains and technologies, including unmanned systems, satellite internet, and electronic warfare [14][37] - The emphasis on artificial intelligence and software development is crucial for the military sector's transformation, with a focus on domestic software replacement to mitigate reliance on foreign technology [15][16] - The military electronics industry is undergoing structural adjustments, transitioning from quantity to quality and from single to multiple domains, necessitating industry consolidation and product diversification [17] Related Companies - The report suggests monitoring companies such as Nengke Technology (intelligent systems), Suochen Technology (military simulation/robotics), Chengdu Huamei (specialized intelligent chips), and others involved in military communications and embedded computing [18][55]