9月30日，佳驰科技涨5.17%，截至发稿，报71.41元/股，成交4325.49万元，换手率1.62%，总市值 285.65亿元。 国泰金福三个月定期开放混合（010446）成立日期2021年1月7日，最新规模1.18亿。今年以来收益 13.64%，同类排名846/8247；近一年收益25.46%，同类排名760/7907；成立以来亏损18.1%。 国泰金福三个月定期开放混合（010446）基金经理为。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 资料显示，成都佳驰电子科技股份有限公司位于四川省成都市郫都区成都现代工业港南片区新经济产业 园文明街西段288号，成立日期2008年7月18日，上市日期2024年12月5日，公司主营业务涉及公司围绕 EMMS产业发展的产品主流和技术前沿,坚持自主创新,打破国外技术封锁,实现自主可控,全面覆盖隐身功 能涂层材料、隐身功能结构件,以及电子信息领域电磁兼容材料等在内的产品设计、制造、测试、销售 和服务。主营业 ...

融券方面，佳驰科技9月26日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元。 9月26日，佳驰科技涨0.24%，成交额6173.30万元。两融数据显示，当日佳驰科技获融资买入额1144.98 万元，融资偿还860.33万元，融资净买入284.65万元。截至9月26日，佳驰科技融资融券余额合计1.29亿 元。 融资方面，佳驰科技当日融资买入1144.98万元。当前融资余额1.29亿元，占流通市值的4.81%。 机构持仓方面，截止2025年6月30日，佳驰科技十大流通股东中，富国均衡优选混合（010662）位居第 一大流通股东，持股106.79万股，为新进股东。嘉实竞争力优选混合A（010437）位居第二大流通股 东，持股105.74万股，为新进股东。富国成长领航混合（010966）位居第三大流通股东，持股104.36万 股，为新进股东。嘉实智能汽车股票（002168）位居第八大流通股东，持股46.15万股，为新进股东。 富国低碳新经济混合A（001985）位居第十大流通股东，持股42.70万股，为新进股东。富国中小盘精选 混合A/B（000 ...

Group 1 - The core viewpoint of the news is that Jiach Technology has experienced a decline in stock performance and financial metrics, indicating potential challenges ahead for the company [1][2]. - On September 10, Jiach Technology's stock fell by 1.19%, with a trading volume of 51.67 million yuan. The net financing buy was -5.49 million yuan, with a total financing and securities balance of 119 million yuan [1]. - As of June 30, the number of shareholders decreased by 29.96% to 9,193, while the average circulating shares per person increased by 53.56% to 4,178 shares [2]. Group 2 - For the first half of 2025, Jiach Technology reported a revenue of 279 million yuan, a year-on-year decrease of 24.33%, and a net profit attributable to shareholders of 113 million yuan, down 46.47% year-on-year [2]. - The company has distributed a total of 160 million yuan in dividends since its A-share listing [3]. - The top ten circulating shareholders as of June 30, 2025, include several new institutional investors, with the largest being the Fu Guo Balanced Preferred Mixed Fund, holding 1.0679 million shares [3].

Core Viewpoint - Jiach Technology's stock performance shows a slight increase, but financing data indicates a net outflow, suggesting potential investor caution [1][2]. Financing Summary - On September 4, Jiach Technology's stock rose by 1.03% with a trading volume of 195 million yuan - The financing buy-in amount was 11.40 million yuan, while the financing repayment was 15.72 million yuan, resulting in a net financing outflow of 4.32 million yuan - As of September 4, the total financing and securities lending balance was 130 million yuan, with the current financing balance accounting for 4.53% of the circulating market value [1]. Business Performance Summary - As of June 30, the number of shareholders for Jiach Technology was 9,193, a decrease of 29.96% from the previous period - The average circulating shares per person increased by 53.56% to 4,178 shares - For the first half of 2025, Jiach Technology reported revenue of 279 million yuan, a year-on-year decrease of 24.33%, and a net profit attributable to shareholders of 113 million yuan, down 46.47% year-on-year [2]. Dividend and Shareholding Summary - Jiach Technology has distributed a total of 160 million yuan in dividends since its A-share listing - As of June 30, 2025, the top ten circulating shareholders included several new entrants, with the largest being the Fortune Balanced Preferred Mixed Fund, holding 1.0679 million shares - Other notable new shareholders include the Harvest Competitive Advantage Preferred Mixed Fund and the Fortune Growth Navigation Mixed Fund, holding 1.0574 million and 1.0436 million shares respectively [3].

Group 1 - The core viewpoint of the news is that Jiachi Technology's stock has experienced a decline of 5.02%, with a current price of 75.70 yuan per share and a total market capitalization of 30.281 billion yuan [1] - Jiachi Technology, established on July 18, 2008, focuses on the EMMS industry, emphasizing independent innovation and breaking foreign technology monopolies. The company offers products including stealth functional coating materials (61.66% of revenue), stealth functional structural components (35.81%), electromagnetic compatibility materials (1.51%), technical services (0.98%), and others (0.04%) [1] - The company is located in Chengdu, Sichuan Province, and is set to be listed on December 5, 2024 [1] Group 2 - From the perspective of fund holdings, one fund under Guotai Fund has a significant position in Jiachi Technology, with the Guotai Jinfu three-month regular open mixed fund (010446) holding 780 shares, accounting for 0.04% of the fund's net value [2] - The Guotai Jinfu fund has a current scale of 118 million yuan and has achieved a return of 13.64% this year, ranking 846 out of 8247 in its category [2] - The fund has a one-year return of 25.46%, ranking 760 out of 7907, but has experienced a loss of 18.1% since its inception on January 7, 2021 [2]

Core Viewpoint - Jiach Technology experienced a 4.67% decline in stock price on September 2, with a trading volume of 180 million yuan, indicating potential market volatility and investor sentiment concerns [1] Financing Summary - On September 2, Jiach Technology had a financing buy amount of 11.6982 million yuan, with a net financing buy of 687,300 yuan after repaying 11.0109 million yuan [1][2] - The current financing balance stands at 133 million yuan, accounting for 4.34% of the circulating market value [2] Company Overview - Jiach Technology, established on July 18, 2008, is located in Chengdu, Sichuan Province, and focuses on the EMMS industry, emphasizing independent innovation and breaking foreign technology monopolies [2] - The company's main business revenue composition includes stealth coating materials (61.66%), stealth structural components (35.81%), electromagnetic compatibility materials (1.51%), technical services (0.98%), and others (0.04%) [2] Financial Performance - For the first half of 2025, Jiach Technology reported a revenue of 279 million yuan, a year-on-year decrease of 24.33%, and a net profit attributable to shareholders of 113 million yuan, down 46.47% year-on-year [3] Shareholder and Dividend Information - Since its A-share listing, Jiach Technology has distributed a total of 160 million yuan in dividends [4] - As of June 30, 2025, the number of shareholders decreased by 29.96% to 9,193, while the average circulating shares per person increased by 53.56% to 4,178 shares [3]

Group 1 - The core viewpoint of the news is that Jiachi Technology's stock has experienced a decline of 5.03%, with a current price of 76.88 yuan per share and a total market capitalization of 30.753 billion yuan [1] - Jiachi Technology, established on July 18, 2008, focuses on the EMMS industry, emphasizing independent innovation and breaking foreign technology monopolies. The company offers products including stealth functional coating materials (61.66% of revenue), stealth functional structural components (35.81%), electromagnetic compatibility materials (1.51%), technical services (0.98%), and others (0.04%) [1] - The company is located in Chengdu, Sichuan Province, and is set to be listed on December 5, 2024 [1] Group 2 - From the perspective of major fund holdings, Guotai Fund has a position in Jiachi Technology through its Guotai Jinfu three-month regular open mixed fund (010446), which holds 780 shares, accounting for 0.04% of the fund's net value [2] - The fund has reported a floating loss of approximately 3,174.6 yuan today, with a total fund size of 118 million yuan and a year-to-date return of 13.64% [2] - The fund's performance ranks 846 out of 8,247 in its category this year, with a one-year return of 25.46% and a ranking of 760 out of 7,907 [2]

Core Viewpoint - The company is a leading provider of electromagnetic functional materials and structures (EMMS) in China, focusing on innovation and new product development to drive future growth despite current revenue challenges [1][3][7] Group 1: Business Overview - The company has developed a new generation of electromagnetic wave anechoic chambers with significant advantages in low-frequency performance, lifespan, and operational costs, along with excellent flame-retardant properties of absorbing materials [1] - In 2024, the company achieved operating revenue of 957 million yuan (down 2.45%) and a net profit of 517 million yuan (down 8.23%), with a stable revenue outlook due to the introduction of new products [1][2] - The company is in a development phase, focusing on mass production of stealth functional coatings and structures, while also exploring new product directions in stealth maintenance and electromagnetic wave anechoic chamber design [1][3] Group 2: Financial Performance - In 2024, the gross margins for stealth functional coating materials and structures were 75.40% (down 1.18 percentage points) and 81.14% (down 1.15 percentage points) respectively, with a decline in coating material revenue by 4.49% and a growth in structure revenue by 9.94% [2] - Revenue from electromagnetic compatibility materials dropped significantly by 48.94%, despite a 58% reduction in costs, impacting overall profitability [2] - The company's sales gross margin remained stable at 76.84% (down 0.07 percentage points) and net profit margin at 54.1% (down 3.4 percentage points) in 2024 [3] Group 3: R&D and Innovation - The company increased R&D investment to 87 million yuan (up 0.85%) in 2024, adding 13 new R&D personnel and obtaining multiple patents [3] - The company aims to maintain a competitive edge through continuous innovation and new product launches, despite the natural price decline of mature products [3] Group 4: Accounts Receivable and Incentives - As of 2024, the company's accounts receivable and notes receivable totaled 1.2 billion yuan, accounting for 32.04% of total assets, with 89.05% of accounts receivable aged within one year [4] - The company announced a stock incentive plan to grant 1.48375 million restricted shares to 62 employees, representing 0.371% of total shares, aimed at attracting and retaining talent [4] Group 5: Investment Projects - The company is advancing its fundraising projects, including a manufacturing base for electromagnetic functional materials with a total planned investment of 618 million yuan and a research center with an investment of 85 million yuan [5] - As of 2024, nearly 300 million yuan has been invested in the manufacturing base project, which is nearing completion [5] Group 6: Future Outlook - The company has transitioned from a "rapid growth" phase to a "comprehensive development" phase, with projected net profits of 622 million yuan, 823 million yuan, and 1.059 billion yuan for 2025-2027 [6][7] - Corresponding EPS for these years are expected to be 1.56, 2.06, and 2.65 yuan, with PE ratios of 43.91, 33.19, and 25.79 respectively [7]

Core Viewpoint - Chengdu Jiachi Electronic Technology Co., Ltd. (Jiachi Technology) is a leading provider of electromagnetic functional materials and structures (EMMS) in China, focusing on the dual development of military and civilian sectors, and has entered a comprehensive development phase with its upcoming A-share listing in 2024 [2][4]. Group 1: Strategic Development - Jiachi Technology has outlined three strategic development phases: "consolidating the foundation," "rapid growth," and "comprehensive development," with the company now in the "comprehensive development" phase [2]. - The recent approval of the 2025 restricted stock incentive plan at the shareholders' meeting is seen as a move to bind core talent and promote steady growth [2][6]. Group 2: Technological Innovation - The company emphasizes technology as its core, with over one-third of its workforce dedicated to R&D, achieving significant national awards for its innovations in the EMMS industry [3]. - Jiachi Technology's products have been applied in major military projects, including the fourth and fifth generation fighter jets, showcasing its capability to break foreign technology barriers and achieve technological self-sufficiency [3][4]. Group 3: Financial Performance - In 2024, Jiachi Technology achieved a revenue of 957 million yuan and a net profit of 517 million yuan, indicating strong financial performance [4]. - The company has established the largest stealth coating material production base in China, with ongoing projects aimed at enhancing its core capabilities in R&D, manufacturing, and testing [4]. Group 4: Growth Targets - The stock incentive plan includes performance targets for annual revenues of 1.1 billion yuan, 1.37 billion yuan, and 1.6 billion yuan from 2025 to 2027, reflecting the company's confidence in future growth [6]. - Jiachi Technology is focusing on new product directions, including the design and integration of electromagnetic wave dark rooms, which are crucial for both military and civilian applications [6][7]. Group 5: Market Outlook - The global electromagnetic compatibility materials market is projected to grow from approximately 6.8 billion USD in 2020 to 8.2 billion USD by 2025, indicating a robust market opportunity for Jiachi Technology [7]. - The company aims to be a leader in stealth materials technology and a disruptor in electromagnetic compatibility solutions, driving continuous innovation in the EMMS sector [7].

在11月的第十五届中国国际航空航天博览会（以下简称"珠海航展"）上，多项大国重器集中展示，其中中国自主研制 的两型新一代隐身战斗机首次公开并同台亮相，成为最大的亮点和看点之一。 随着现代战争装备不断进化，当今空战已进入隐身空战模式，先发制人成为取胜关键。而要达到军事装备的"隐身"效 果，除了依靠特殊的气动外形设计以外，最主要是应用隐身材料。近年来，我国战斗机、主战坦克、舰船、导弹等重 大国防武器装备升级换装，对隐身材料的需求日益增加。以第五代战斗机为例，"隐身、超音速巡航、超视距攻击、 超机动能力"4项战机标准里， 隐身性是公认的第五代战斗机最显著的特征。 在此背景下，隐身材料已成为新的国防刚需产品，行业正迎来黄金发展时代。然而该领域有着极高的技术门槛，国内 有能力从事相关产品研发和制造的企业屈指可数，即将在科创板上市的成都佳驰电子科技股份有限公司（股票代码： 688708 简称：佳驰科技）正是其中的代表之一。凭借深厚的技术积累和持续不断地研发创新，该公司已成为是国内 主要的电磁功能材料与结构（简称 EMMS）提供商，为我国国防安全及电子信息行业的发展做出了重要贡献。 聚焦军工隐身材料，雄厚科研实力成就行业领 ...