| | | | 统计截止日｜区间股价涨跌幅｜股东户数｜增减｜增减比例｜户均持股市值（元）｜户均持股数（股) | | | | --- | --- | --- | --- | --- | --- | | 2025-06-30 | 22.70% | 32383 4904 | 17.85% | 22.27万 | 9176.11 | | 2025-03-31 | -10.09% | 27479 -2657 | -8.82% | 21.35万 | 1.08万 | | 2024-12-31 | 11.11% | 30136 3723 | 14.10% | 21.66万 | 9843.5 | | 2024-09-30 | 5.71% | 26413 -2850 | -9.74% | 22.24万 | 1.12万 | 根据统计，广联航空2025年3月31日至2025年6月30日，主力资金净流出2.86亿元，游资资金净流入 8141.5万元，散户资金净流入2.05亿元。 MACD金叉信号形成，这些股涨势不错！ 在航空装备行业个股中，广联航空股东户数低于行业平均水平，截至6月30日，航空装备行业平均股东 户数为4.92万户。户均持 ...

Group 1: Company Insights - Ruipu Biotech reported a comprehensive gross margin increase of 2.36 percentage points, driven by revenue scale expansion and product structure optimization, with a 17.94% year-on-year growth in the pet health sector [1] - Huijia Times has enhanced its fresh food category in Urumqi's Beijing Road shopping center, with a 1.87% increase in fresh food share and a 5% increase in cooked food [2] - Marubi Biotech expanded its audience on Douyin through targeted content, with a focus on brand building and new product launches in the second half of the year [3] - Jiangbolong's domestic market share in eSSD is second only to Solidigm and Samsung, with significant advancements in PCIe SSD and RDIMM products [4] - AVIC High-Tech is focusing on low-altitude economy strategies and has invested 9.17 billion in civil aviation composite materials projects [5] - Tianfu Communication achieved a revenue of 2.456 billion, a year-on-year increase of 57.84%, with a notable growth in active products [6] Group 2: Financial Performance - Ruipu Biotech's raw material drug segment showed significant improvement, with a gross margin increase of 14 percentage points and a reduction in losses by over 10 million compared to the previous year [1] - Huijia Times is prioritizing investor returns and enhancing dividend yields through strategic adjustments in its department stores [2] - Marubi Biotech's core product series accounts for over 70% of sales, indicating potential for further growth [3] - Jiangbolong's self-developed main control chip has shipped over 80 million units, showcasing its strong market position [4] - AVIC High-Tech expects significant improvement in cash collection in the second half of the year due to the maturity of previously received bills [5] - Tianfu Communication's gross margin decreased due to changes in product structure, with an increased focus on active products [6] Group 3: Strategic Developments - Ruipu Biotech plans to accelerate the launch of new products in the second half of the year, supported by significant R&D achievements [1] - Huijia Times is optimizing its product structure and enhancing service training to improve customer experience [2] - Marubi Biotech is set to launch a series of new products under its successful Xiaojin needle series [3] - Jiangbolong is collaborating with SanDisk to launch customized UFS products, enhancing its market presence [4] - AVIC High-Tech is deepening collaboration with core customers in the engine blade business through joint ventures [5] - Tianfu Communication is expanding its product offerings in response to customer demands, ensuring effective resource allocation [6]

据证券之星公开数据整理，近期广联航空（300900）发布2025年中报。截至本报告期末，公司营业总收 入5.77亿元，同比上升26.64%，归母净利润5584.15万元，同比上升36.97%。按单季度数据看，第二季 度营业总收入3.11亿元，同比上升34.13%，第二季度归母净利润989.3万元，同比下降3.63%。本报告期 广联航空公司应收账款体量较大，当期应收账款占最新年报营业总收入比达81.06%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率31.02%，同比减16.73%，净利率9.06%，同比增 29.42%，销售费用、管理费用、财务费用总计1.16亿元，三费占营收比20.07%，同比减4.49%，每股净 资产4.46元，同比减9.19%，每股经营性现金流-0.09元，同比增86.03%，每股收益0.19元 建议关注公司债务状况（有息资产负债率已达53.1%、有息负债总额/近3年经营性现金流均值已达 22.89%） 建议关注财务费用状况（财务费用/近3年经营性现金流均值已达64.65%） | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | ...

据证券之星公开数据整理，近期中航西飞(000768)发布2025年中报。截至本报告期末，公司营业总收入 194.16亿元，同比下降4.49%，归母净利润6.89亿元，同比上升4.83%。按单季度数据看，第二季度营业 总收入109.78亿元，同比下降7.55%，第二季度归母净利润4.0亿元，同比上升4.02%。本报告期中航西 飞盈利能力上升，毛利率同比增幅23.34%，净利率同比增幅9.76%。 本次财报公布的各项数据指标表现一般。其中，毛利率7.27%，同比增47.96%，净利率3.55%，同比增 9.76%，销售费用、管理费用、财务费用总计4.29亿元，三费占营收比2.21%，同比增41.66%，每股净资 产7.72元，同比增7.57%，每股经营性现金流-4.28元，同比增9.39%，每股收益0.25元，同比增4.73% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 203.29亿 | 194.16 Z | -4.49% | | 归母净利润(元) | 6.57 Z | 6.89 G | 4.83% | | 扣 ...

南财智讯8月26日电，北摩高科发布2025年半年度报告，报告期实现营业收入4.6亿元，同比增长 33.40%；归属上市公司股东的净利润8097.61万元，同比增长21.50%；扣除非经常性损益后的归属于上 市公司股东的净利润7981.68万元，同比增长29.68%；基本每股收益0.24元。 ...

证券之星消息，近日超卓航科（维权）披露，截至2025年6月30日公司股东户数为4683.0户，较3月31日 增加807.0户，增幅为20.82%。户均持股数量由上期的2.31万股减少至1.91万股，户均持股市值为55.93 万元。 在航空装备行业个股中，超卓航科股东户数低于行业平均水平，截至6月30日，航空装备行业平均股东 户数为4.92万户。户均持股市值方面，航空装备行业A股上市公司户均持股市值为43.08万元，超卓航科 高于行业平均水平。 从股价来看，2025年3月31日至2025年6月30日，超卓航科区间涨幅为21.1%，在此期间股东户数增加 807.0户，增幅为20.82%。 | | | | 统计截止日 区间股价涨跌幅 股东户数 增减 增减比例 户均持股市值 (元) 户均持股数（股) | | | | --- | --- | --- | --- | --- | --- | | 2025-06-30 | 21.10% | 4683 807 | 20.82% | 55.93万 | 1.91万 | | 2025-03-31 | 8.33% | 3876 -103 | -2.59% | 56.52万 | 2.3 ...

Investment Rating - The report maintains a "Buy-A" rating for AVIC Shenyang Aircraft Corporation (600760.SH) [1][6] Core Views - The company experienced a significant increase in contract liabilities, up 113.47% from the beginning of the year, despite a 32.35% year-on-year decrease in revenue for the first half of 2025 [4][5] - The company is expected to benefit from strong demand for its J-16 series and the new J-35 stealth fighter, as well as the J-15 series, which will continue to serve as the main carrier-based aircraft [5][6] Financial Performance - For the first half of 2025, the company reported revenue of 146.28 billion yuan, a decrease of 32.35% year-on-year, and a net profit attributable to shareholders of 11.36 billion yuan, down 29.78% year-on-year [2][4] - Total liabilities reached 445.60 billion yuan, an increase of 44.60% year-on-year, while cash and cash equivalents rose to 153.53 billion yuan, up 84.72% year-on-year [2][4] - Accounts receivable and inventory also saw significant increases, with accounts receivable at 186.07 billion yuan (up 31.99%) and inventory at 115.15 billion yuan (up 59.46%) [2][4] Earnings Forecast - The expected earnings per share (EPS) for 2025, 2026, and 2027 are projected to be 1.44 yuan, 1.65 yuan, and 1.84 yuan, respectively, with corresponding price-to-earnings (P/E) ratios of 44.5, 38.9, and 34.8 [6][11]

Investment Rating - The report assigns a "Buy-A" investment rating to the company, with a target price of 32.4 yuan over the next six months [9]. Core Views - The company has shown stable revenue growth, with a 7.87% year-on-year increase in revenue to 2.747 billion yuan in the first half of 2025, and a slight increase in net profit of 0.24% to 605 million yuan [2]. - The aerospace composite materials segment has experienced stable growth, with a 7.89% increase in revenue to 2.717 billion yuan, driven by the delivery of prepreg products [3]. - The company is focusing on research and development, with a total R&D investment of 102 million yuan in the first half of 2025, leading to breakthroughs in aerospace composite materials and civil aviation products [4]. - The company is expanding into the low-altitude economy, with subsidiaries focusing on eVTOL and drone markets, and has completed several key projects related to composite materials [5]. Financial Summary - The company is expected to achieve net profits of 1.3 billion yuan, 1.5 billion yuan, and 1.7 billion yuan for the years 2025, 2026, and 2027, respectively, with growth rates of 13.1%, 16.1%, and 11% [6]. - The average PE ratio for comparable companies is projected to be 36 and 30 times for 2025 and 2026, respectively, while the company is given a PE of 36 times for 2025 [6]. - The company's revenue is forecasted to grow from 4.78 billion yuan in 2023 to 5.93 billion yuan in 2025, reflecting a growth rate of 16.9% [15].

中航沈飞（600760.SH）2025 年半年报点评 ➢ 事件：8 月 25 日，公司发布 2025 年半年报，1H25 实现营收 146.3 亿元， YOY -32.4%；归母净利润 11.4 亿元，YOY -29.8%；扣非净利润 10.7 亿元，YOY -32.4%；剔除股份支付影响的净利润 11.6 亿元，YOY -29.9%。业绩表现符合 预期。受产品配套交付进度及结构调整影响，公司业绩同比下滑，我们点评如下： ➢ 2Q25 业绩承压；盈利能力保持稳定。1）单季度：公司 2Q25 实现营收 87.9 亿元，YOY -27.5%；归母净利润 7.1 亿元，YOY -21.8%；扣非净利润 6.5 亿元， YOY -25.0%。2）利润率：公司 1H25 毛利率同比下滑 0.3ppt 至 12.3%；净利 率同比提升 0.3ppt 至 7.7%。其中，2Q25 毛利率同比下滑 0.9ppt 至 12.0%； 净利率同比提升 0.5ppt 至 8.0%。盈利能力整体保持了稳定。 ➢ 吉航公司营收增长 108%；定增募资 40 亿推动装备发展。1H25，子公司 方面，1）沈飞公司：主营歼击机（涵盖特种型飞机 ...

Core Viewpoint - The company reported a decline in revenue but an increase in net profit for the first half of 2025, indicating stable performance despite challenges in revenue generation [1][2]. Financial Performance - In H1 2025, the company achieved operating revenue of 19.416 billion, a decrease of 4.49% year-on-year [1][2]. - The net profit attributable to the parent company reached 689 million, an increase of 4.83% year-on-year [1][2]. - The net profit after deducting non-recurring gains and losses was 652 million, up 4.88% year-on-year [1][2]. - The gross profit margin improved by 1.38 percentage points to 7.27% [2]. - Management expenses increased by 14.09% to 474 million, while sales expenses decreased by 13.16% to 22.7214 million [2]. - Financial expenses decreased by 45.64%, from -125 million to -67.6916 million, attributed to reduced interest income [2]. - R&D expenses grew by 17.19% to 50.9048 million [2]. - Other income fell by 75.63% to 67.0719 million, mainly due to a reduction in VAT deductions for advanced manufacturing enterprises [2]. - The net profit margin increased by 0.32 percentage points to 3.55% [2]. Related Transactions - The company expects to maintain high levels of related party transactions in 2025, with anticipated procurement from the Aviation Industry Group amounting to 22.488 billion, compared to 24.785 billion in 2024 [3]. - Expected sales to related parties are projected at 1.939 billion, a 15.42% increase from the 1.680 billion expected in 2024 [3]. - The sustained high level of related transactions indicates strong downstream demand and positive order growth prospects [3]. Employee Incentives - The company announced a stock incentive plan on February 15, 2023, granting 13.095 million shares to 261 employees, representing 0.4730% of the total share capital at the time of the announcement [4]. - The vesting conditions include achieving a compound annual growth rate of not less than 15% in net profit for 2023, 2024, and 2025, and meeting specific performance metrics [4]. - The estimated expense for the initial stock grant is 170.366 million [4]. Profit Forecast - The company forecasts net profits attributable to the parent company of 1.141 billion, 1.302 billion, and 1.488 billion for 2025, 2026, and 2027, respectively, with corresponding valuations of 71, 63, and 55 times [4].