9月2日早盘，国防军工板块再度领跌全市场，代码有"八一"的国防军工ETF （512810）下挫3．7%连 失两根均线，交投热度不减，实时成交突破1．2亿元。 从资金结构来看，近日来杠杆资金快速涌入亦推高板块波动性。截至9月1日，国防军工ETF（512810） 融资余额继续向上升至3910万元，续创历史新高！ 值得关注的是，国防军工ETF （512810）下跌区间持续溢价交易，显示买盘仍较强势，逢跌吸筹资金 或不在少数。此前6日已有超2．25亿元资金连续进场净申购。 | 分时 多日 1分 5分 · | | | | F9 盘前盘后 盈加 九转 图线 工具 (0 2) >> | | | | | | 国防室工ETF ① | 37 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 0.785 | | | 512810(国防军工ETF] 10:57 价 0.729 源跌 -0.028(-3.70%) 均价 0-8.70% | | | D | 0.729 -0.028 -3.70% | | | 512810 ~ | | ...

历史性重磅活动，就在明天（9月3日）！国防军工板块资金面火热非常，9月首日，代码有"八一"的国 防军工ETF （512810）单日再获9459万元净申购，至此连续6日吸金，金额合计超2．25亿元。 融资客同步加码，截至9月1日，国防军工ETF（512810）融资余额继续向上升至3910万元，续创历史新 高！ 重磅催化近在眼前，国防军工脉冲行情值得期待。那么该如何看待行情持续性？ 开源证券认为，国防军工本轮行情源自基本面触底回升，或不止于事件催化。展望后市，2025Q3- 2025Q4军工订单有望持续兑现落地，"十五五"装备发展方向亦有望定调，国防军工板块或存在持续上 涨的动能及催化。 中报业绩验证基本面修复趋势。国防军工ETF （512810）79只成份股尽数披露2025年中报，67股上半 年实现盈利，占比超84%，其中半数实现净利正增长。 数据来源于沪深交易所、公开资料等。 从净利同比增速来看，21股超30%，其中11股超100%。航天科技净利暴增超21倍暂居首位，华丰科 技、高德红外、纳睿雷达净利增速分别高达9．4倍、9倍、8．6倍。 图：国防军工 ETF2025 年中报归母净利润同比增超 30% 成份股 ...

每经AI快讯，9月2日，中金公司（601995）发布研报称，9月建议关注如下配置思路：1)流动性预期好 转，科创、赛道主题业绩具备中长期比较优势，关注具备产业逻辑相对扎实的行业，如通信设备、半导 体、电子硬件、固态电池、创新药、国防军工、机器人等。2)中国制造优势凸显，关注对非美经济体贸 易增长且已布局海外产能的白色家电、工程机械和电网设备等。3)资本市场情绪回暖提振金融业绩表 现，关注保险、券商。4)"反内卷"引导行业供给收缩，政策发力催化需求企稳预期，关注光伏等行业。 5)红利板块或存在分化，从优质现金流、波动率及分红确定性出发，布局消费龙头、顺周期龙头、电信 等。 ...

Core Viewpoint - The overall profitability growth of A-share listed companies is slowing down due to continuous price declines and weak effective demand, despite some improvements in revenue [1][2] Profitability Analysis - The net profit growth of listed companies has narrowed, with quarterly net profit growth rates for 2024Q4, 2025Q1, and 2025Q2 being -15.7%, 3.2%, and 1.2% respectively [2] - Non-financial oil and petrochemical sectors show even more significant declines, with quarterly net profit growth rates of -50.2%, 4.5%, and -0.1% for the same periods [2] Revenue Trends - A-share companies have seen an improvement in quarterly revenue growth compared to 2025Q1, with growth rates of 1.4%, -0.3%, and 0.4% for 2024Q4, 2025Q1, and 2025Q2 respectively [2] - Non-financial oil and petrochemical sectors also show improved revenue growth rates of 1.2%, 0.5%, and 0.9% for the same quarters [2] Sector Performance - Key sectors showing improved profitability include healthcare, midstream manufacturing, and financial real estate, with information technology leading in profit growth [4] - The quarterly profit growth rates for 2025Q2 are ranked as follows: Information Technology > Midstream Manufacturing > Financial Real Estate > Healthcare > Utilities > Consumer Services > Resource Products [4] Cash Flow and Capital Expansion - Free cash flow as a percentage of market value and revenue is steadily increasing, with operating cash flow showing high growth, particularly from midstream manufacturing [5] - Capital expenditure growth has declined since reaching a peak in Q2 2023, with limited recovery in demand and low corporate capital expansion willingness [5] Focus Areas for Growth - Industries with high or improving profit growth in 2025Q2 include TMT (software development, gaming, components, communication devices, other electronics, semiconductors, consumer electronics), mid-to-high-end manufacturing, and certain resource products [6]

证券日报网讯9月1日晚间，国科军工发布公告称，公司将于2025年9月12日举行2025年半年度业绩说明 会。 ...

9月首日，A股喜提开门红，31个申万一级行业中仅7个收跌，国防军工意外在列。行业代表性国防军工 ETF （512810）高开续创3年半新高后直线下挫，盘中一度跌逾2%，午后震荡回升，场内最终收跌 0.53%守住所有均线，全天振幅3.15%。 多头继续涌入迹象明显，国防军工ETF （512810）全天溢价交易，反映买盘更为强势。与此同时，量 能显著放大，成交额再度突破2亿元，为近5个月来次高。 【多股午后反攻！长城军工、华丰科技携手新高】 | 份时 多日 ■ | F9 盘前盘后 壁加 九转 图试 工具 @ 2 >> | | | | | 国防军 1310 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 0.77 | 512810[国防军工ETF] 15:00 价 0.757 能跌 -0.004(-0.53 | | | 0.757 -0.004 -0.53% | | 512810 | | | | | | | SSE CNY 15:00:13 0/1 | | | 通改/ . | | 0.770 | | 2011 | 湖南市虎 | | 华宝中让军 LETF ...

核心结论 行情回顾：1）指数层面：8 月 29 日北证 A 股成交金额达 323.0 亿元，较上一 交易日增加 17.7 亿元，北证 50 指数收盘价为 1574.25，上涨 1.28%，PE_TTM 为 76.91 倍。北证专精特新指数收盘价为 2739.33，上涨 0.52%。2）个股层面： 当日北交所 274 家公司中 147 家上涨，4 家平盘，123 家下跌。其中涨幅前五 的个股分别为：荣亿精密（30.0%）、德瑞锂电（19.1%）、捷众科技（16.5%）、 科达自控（14.9%）、贝特瑞（13.6%）；跌幅前五的个股分别为：曙光数创（-8.9%）、 智新电子（-7.3%）、中航泰达（-7.3%）、方盛股份（-6.9%）、巴兰仕（-6.6%）。 新闻汇总：1）国家数据局局长刘烈宏：持续打造便捷高效、自主安全、世 界领先的国家级数据基础设施：刘烈宏指出，面向"十五五"，国家数据局 将进一步聚焦高质量的标准构建、大规模的设施部署、市场化的生态运营， 持续打造便捷高效、自主安全、世界领先的国家级数据基础设施，有效支撑 数字经济发展、科技创新和全国统一大市场建设。 重点公告：1）无锡晶海：公司本次以闲置自有 ...

Market Overview - The A-share market showed a positive trend today, with major indices mostly rising. The Shanghai Composite Index increased by 0.46% to close at 3875.53 points, while the Shenzhen Component rose by 1.05% to 12828.95 points. The Sci-Tech 50 index gained 1.18% to reach 1357.15 points, and the ChiNext Index surged by 2.29% to 2956.37 points. Overall, 3206 stocks rose, 2085 fell, and 133 remained unchanged, with a total trading volume of 27.5 billion yuan, a decrease of 483.37 million yuan from the previous trading day [1][2]. Industry Performance - Among the primary industries, telecommunications, comprehensive services, non-ferrous metals, pharmaceutical biology, electronics, and machinery equipment led the gains. Conversely, non-bank financials, banking, household appliances, transportation, automotive, and defense industries experienced declines [1][2]. Sector Highlights - The top-performing concept sectors today included optical modules (CPO), gold and jewelry, optical chips, cobalt mines, advanced packaging, CRO, innovative drugs, optical communications, the SMIC industrial chain, generic drugs, weight loss drugs, high turnover, selected rare metals, germanium-gallium-antimony ink, and semiconductor equipment [2].

| | | 上周公募调研次数排名前十个股 | | | --- | --- | --- | --- | | A 股简称 | 申万一级行业 | 股价涨跌幅 | 被调研次数(次) | | 天字通信 | 通信 | 61.54 | 87 | | 迈瑞医疗 | 医药生物 | -0. 60 | 71 | | 银轮股份 | 汽车 | 4.73 | 56 | | 华丰科技 | 国防军工 | 33. 81 | 50 | | 爱博医疗 | 医药生物 | 0.12 | 48 | | 立讯精密 | 电子 | 7.68 | 43 | | 胜宏科技 | 电子 | 21. 44 | 42 | | 深南电路 | 电子 | 32. 07 | 39 | | 太阳纸业 | 轻工制造 | 4. 85 | 36 | | | | 数据整理自：公募排排网，统计周期 2025年 8 月 25 日-8 月 31 日，以上内容不构成股 | | 转自：新华财经 新华财经上海9月1日电 伴随上市公司中报的披露，公募机构调研热情持续攀升。公募排排网数据显 示，上周（2025年8月25日-8月31日）共有160家公募机构参与到A股调研活动中，覆盖到27个申万一级 行业中 ...

Group 1 - The defense and military industry sector has long-term growth certainty, with recent order delays due to personnel adjustments causing a temporary decline in industry prosperity. However, as the "14th Five-Year Plan" approaches its final year, disturbances have largely been eliminated, leading to a recovery in downstream demand [1] - The construction goals for 2027 are imminent, and the medium to long-term objectives (achieving modernization of national defense and military by 2035, and building a world-class military by 2050) provide clear guidance for industry development. The sector is expected to significantly improve due to demand recovery and capacity structure optimization [1] - The military industry sector is experiencing a continuous recovery in prosperity, with notable performance in the long-range firepower segment. The commercial aerospace field is accelerating, and the StarNet project is expected to drive order growth in the second half of the year [1] Group 2 - The military ETF (512660) covers the entire defense industry chain, demonstrating good elasticity and defensive attributes, making it an important tool for capturing industry allocation opportunities. It currently ranks first among similar products with a scale of 16.046 billion [2] - The military ETF tracks the CSI Military Index, selecting representative listed companies in the defense and military sectors from the Shanghai and Shenzhen markets, reflecting the overall performance of related securities. The index covers multiple subfields of the defense industry, showcasing high industry concentration and distinct military characteristics [2]