上半年，面对下游行业回暖、需求持续向好的趋势，公司持续巩固数据链、电子对抗、无线通信终端、 新一代电台、相控阵通信等特种领域优势和市场，凭借过硬的技术功底、良好的行业口碑和优质的客户 服务，实现在手订单和在手项目同比大幅增长;同时公司紧抓商业航天、低空经济、深海科技等战略性 新兴产业发展机遇，依托先研布局和技术壁垒，前置、深入绑定客户需求，客户反馈良好认可度高，营 业收入和净利润实现大幅增长。 智通财经APP讯，臻镭科技(688270.SH)发布2025年半年度报告，报告期内，公司实现营业收入2.05亿 元，同比增长73.64%。实现归属于上市公司股东的净利润6231.97万元，同比增长1006.99%。实现归属 于上市公司股东的扣除非经常性损益的净利润5289.5万元。基本每股收益0.29元。 ...

Investment Rating - Industry rating is maintained at "Outperform the Market" [7] Core Viewpoints - The military industry chain is relatively closed and driven by the trend of self-control, with a high degree of domestic production in the midstream communication equipment sector, which is less affected by international market fluctuations [2] - The industry is showing signs of recovery after adjustments, with demand expected to be under pressure in 2024 due to the mid-term adjustments of the 14th Five-Year Plan for equipment procurement [3] - The construction of unmanned combat systems is being empowered by AI, which is becoming a key factor in modern warfare, enhancing operational efficiency and battlefield advantages [4] - 2025 is expected to be a pivotal year for satellites, with commercial space accelerating and satellite internet constellations entering a phase of rapid deployment [5] Summary by Sections Military Industry - The military industry is characterized by a high degree of self-sufficiency, particularly in communication equipment, which has largely achieved domestic production [2] - The demand side is expected to face challenges in 2024, but recovery is anticipated in 2025 as strategic tasks and major engineering projects reach their final stages [3] AI and Unmanned Systems - AI technology is increasingly being integrated into military applications, with smart unmanned systems becoming a significant part of the defense equipment system [4] Satellite Internet - The satellite internet sector is entering a rapid deployment phase, with significant advancements in technology supporting mobile direct satellite connections [5] Investment Opportunities - Suggested focus on military semiconductor companies, military communication sectors, unmanned systems combined with AI, and satellite technology firms [6]