证券日报网讯1月5日，国力电子在互动平台回答投资者提问时表示，公司在商业航天领域的业务主要为 新的卫星平台和商用飞机的通信系统配套相关电子真空器件，并已实现小批量供货；在可控核聚变领 域，公司聚焦于核聚变装置所需的关键功率器件，如真空电容器、氢闸流管、大功率速调管和回旋管 等，目前真空电容器已经实现批量供货，氢闸流管、大功率速调管处于研发迭代与客户验证的关键阶 段，回旋管处于产品研发阶段。目前这两大前沿领域的业务尚处于市场拓展期，在公司整体营业收入中 占比较小，但保持了良好的增长势头，是公司未来长期发展的重要布局方向。 ...

融券方面，国力电子12月24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4867.00股，融券余额30.17万元，超过近一年90%分位水平，处于高位。 资料显示，昆山国力电子科技股份有限公司位于江苏省昆山开发区西湖路28号，成立日期2000年10月12 日，上市日期2021年9月10日，公司主营业务涉及电子真空器件的研发、生产与销售。主营业务收入构 成为：直流接触器60.00%，真空继电器17.87%，交流接触器11.50%，真空电容器5.33%，真空有源器件 3.49%，其他(补充)1.80%。 12月24日，国力电子涨1.67%，成交额8212.07万元。两融数据显示，当日国力电子获融资买入额993.49 万元，融资偿还1316.56万元，融资净买入-323.08万元。截至12月24日，国力电子融资融券余额合计 4.09亿元。 融资方面，国力电子当日融资买入993.49万元。当前融资余额4.09亿元，占流通市值的6.92%，融资余 额超过近一年80%分位水平，处于高位。 分红方面，国力电子A股上市后累计派现9836.14万元。近三年，累计派现6831.35万元 ...

12月23日，国力电子跌2.96%，成交额1.17亿元。两融数据显示，当日国力电子获融资买入额1279.71万 元，融资偿还1258.51万元，融资净买入21.19万元。截至12月23日，国力电子融资融券余额合计4.12亿 元。 融资方面，国力电子当日融资买入1279.71万元。当前融资余额4.12亿元，占流通市值的7.09%，融资余 额超过近一年90%分位水平，处于高位。 融券方面，国力电子12月23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4867.00股，融券余额29.67万元，超过近一年90%分位水平，处于高位。 截至11月10日，国力电子股东户数5441.00，较上期增加4.76%；人均流通股17518股，较上期减少 4.54%。2025年1月-9月，国力电子实现营业收入9.37亿元，同比增长71.23%；归母净利润5571.75万元， 同比增长111.21%。 分红方面，国力电子A股上市后累计派现9836.14万元。近三年，累计派现6831.35万元。 机构持仓方面，截止2025年9月30日，国力电子十大流通股东中，兴全多维价值混合A（007449） ...

12月23日，国力电子盘中下跌2.10%，截至13:27，报61.51元/股，成交6140.26万元，换手率1.03%，总 市值58.63亿元。 资金流向方面，主力资金净流出171.06万元，特大单买入0.00元，占比0.00%，卖出226.09万元，占比 3.68%；大单买入965.90万元，占比15.73%，卖出910.87万元，占比14.83%。 国力电子今年以来股价涨52.03%，近5个交易日跌0.23%，近20日涨3.48%，近60日跌10.86%。 截至11月10日，国力电子股东户数5441.00，较上期增加4.76%；人均流通股17518股，较上期减少 4.54%。2025年1月-9月，国力电子实现营业收入9.37亿元，同比增长71.23%；归母净利润5571.75万元， 同比增长111.21%。 资料显示，昆山国力电子科技股份有限公司位于江苏省昆山开发区西湖路28号，成立日期2000年10月12 日，上市日期2021年9月10日，公司主营业务涉及电子真空器件的研发、生产与销售。主营业务收入构 成为：直流接触器60.00%，真空继电器17.87%，交流接触器11.50%，真空电容器5.33%，真 ...

Core Viewpoint - The company is actively involved in the development of products for controlled nuclear fusion and is expanding its commercial applications in this field [1] Group 1: Product Development - The company currently offers products for controlled nuclear fusion, including cold cathode thyratrons, traveling wave tubes, high-power microwave isolators, and vacuum capacitors [1] - The company is also engaged in the research and development of cyclotron tubes [1] Group 2: Strategic Initiatives - The company plans to leverage the domestic key national science center platform to participate in major national scientific projects [1] - The company aims to continuously expand its commercial applications in the field of controlled nuclear fusion [1]

Core Viewpoint - The company, Guoli Electronics (688103.SH), is actively involved in the development of products for controlled nuclear fusion and is expanding its commercial applications in this field [1]. Group 1: Product Development - Current products used for controlled nuclear fusion include cold cathode thyratrons, traveling wave tubes, high-power microwave isolators, and vacuum capacitors [1]. - The company is also engaged in the research and development of cyclotron tubes [1]. Group 2: Strategic Initiatives - The company plans to leverage the domestic key national science center platform to participate in major national scientific projects [1]. - There is a focus on continuously expanding commercial applications in the field of controlled nuclear fusion [1].

Core Viewpoint - The company is actively involved in the development of products for controlled nuclear fusion and aims to expand its commercial applications in this field [1] Product Development - The company's current products for controlled nuclear fusion include cold cathode thyratrons, traveling wave tubes, high-power microwave isolators, and vacuum capacitors [1] - The company is also engaged in the research and development of cyclotron tubes [1] Strategic Initiatives - The company plans to leverage the domestic key national science center platform to participate in major national scientific projects [1] - The focus is on continuously expanding its commercial applications in the controlled nuclear fusion sector [1]

Core Insights - The stock of Guokai Electronics experienced a decline of 1.34% on November 11, with a trading volume of 58.43 million yuan [1] - The company reported a significant increase in revenue and net profit for the first nine months of 2025, with revenue reaching 937 million yuan, a year-on-year growth of 71.23%, and a net profit of 55.72 million yuan, up 111.21% year-on-year [2] Financing and Margin Trading - On November 11, Guokai Electronics had a financing buy-in amount of 6.30 million yuan, with a net financing buy of 0.53 million yuan, resulting in a total financing balance of 423 million yuan, which accounts for 7.03% of its market capitalization [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of financing activity [1] Shareholder and Dividend Information - As of September 30, the number of shareholders increased by 6.23% to 5,709, while the average number of circulating shares per person decreased by 5.87% to 16,695 shares [2] - The company has distributed a total of 98.36 million yuan in dividends since its A-share listing, with 68.31 million yuan distributed over the past three years [3]

Core Viewpoint - Guokai Electronics experienced a stock price decline of 2.10% on October 16, with a current price of 72.58 CNY per share and a total market capitalization of 6.918 billion CNY. The company has seen a significant stock price increase of 79.39% year-to-date, despite a recent decline over the past five trading days [1]. Financial Performance - For the first half of 2025, Guokai Electronics reported a revenue of 569 million CNY, representing a year-on-year growth of 70.49%. The net profit attributable to shareholders was 35.7336 million CNY, showing a substantial increase of 142.68% compared to the previous year [2]. Shareholder Information - As of August 29, the number of shareholders for Guokai Electronics increased by 1.92% to 5,374, while the average number of tradable shares per shareholder decreased by 1.88% to 17,736 shares [2]. - The company has distributed a total of 98.3614 million CNY in dividends since its A-share listing, with 68.3135 million CNY distributed over the past three years [3]. Ownership Structure - As of June 30, 2025, the third-largest circulating shareholder is the Xingquan Multi-Dimensional Value Mixed Fund, holding 2.8668 million shares, unchanged from the previous period. The sixth-largest shareholder, Xingquan He Feng Three-Year Holding Mixed Fund, reduced its holdings by 202,800 shares to 1.6585 million shares [3]. Business Overview - Guokai Electronics, established on October 12, 2000, and listed on September 10, 2021, specializes in the research, production, and sales of electronic vacuum devices. The main revenue sources include DC contactors (60.00%), vacuum relays (17.87%), AC contactors (11.50%), vacuum capacitors (5.33%), and other products [1].

Core Viewpoint - The company has confirmed that its vacuum capacitor products are already applied in the field of controlled nuclear fusion, and other products like hydrogen thyratrons, cyclotron tubes, and traveling wave tubes have certain technological accumulation and are undergoing verification with clients [1] Group 1: Product Application - The company's vacuum capacitor products are utilized in controlled nuclear fusion applications [1] - Other products such as hydrogen thyratrons, cyclotron tubes, and traveling wave tubes have been developed to a certain extent and are in the process of being validated with customers [1] Group 2: Value Assessment - The value of the products in a nuclear fusion project needs to be assessed based on specific technical solutions, system configurations, and performance requirements [1] - There are differences in technical paths and component requirements across different devices in nuclear fusion projects [1]