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西部超导受益核聚变概念股价年内涨86% 超导产品“全球唯一”凸显领先优势
Chang Jiang Shang Bao· 2025-10-10 01:23
长江商报消息●长江商报记者 沈右荣 国庆中秋长假后的首个交易日,可控核聚变概念爆发,西部超导(688122.SH)也以20CM的涨停呈 现。 公开信息显示,国庆期间,中国聚变研究工程应用研究迎来重要进展。 西部超导被列为可控核聚变概念股,与上海电气、东方电气等被称为核聚变"四强"。 2025年初以来,二级市场上,西部超导的股票累计已经上涨85.67%,目前市值达507.5亿元。 西部超导的竞争优势明显。公司称,其是低温超导材料领域目前全球唯一的NbTi锭棒、超导线材、超 导磁体的全流程生产企业,也是ITER用低温超导线材在中国的唯一供应商。 年内首次20CM涨停 可控核聚变概念火爆,西部超导收获了一个久违的20CM涨停。 10月9日早盘,西部超导高开高走,午后涨停。虽然在涨停线附近几经博弈,尾盘仍然封住了涨停。 西部超导涨停,市场认为与可控核聚变相关。 西部超导主营业务分为三大板块,即超导业务、高端钛合金材料业务、高性能高温合金材料业务。 整体而言,近年来,西部超导的经营业绩稳步增长。2024年,公司实现归母净利润约8亿元,同比增逾 6%。2025年上半年,公司营业收入逾27亿元,同比增长近35%;归母净利润 ...
西部超导股价涨5.11%,中银证券旗下1只基金重仓,持有200股浮盈赚取620元
Xin Lang Cai Jing· 2025-09-30 02:28
Core Viewpoint - Western Superconducting Technologies Co., Ltd. has seen a significant stock price increase, reflecting positive market sentiment and potential investment opportunities in the superconducting materials sector [1][2]. Company Overview - Western Superconducting Technologies Co., Ltd. was established on February 28, 2003, and went public on July 22, 2019. The company is located in Xi'an Economic and Technological Development Zone, Shaanxi Province [1]. - The company's main business includes the research, production, and sales of high-end titanium alloy materials, superconducting products, and high-performance high-temperature alloy materials. The revenue composition is as follows: high-end titanium alloy materials 57.59%, superconducting products 29.34%, high-performance high-temperature alloy materials 9.01%, and others 4.07% [1]. Stock Performance - As of September 30, the stock price of Western Superconducting increased by 5.11%, reaching 63.75 CNY per share, with a trading volume of 632 million CNY and a turnover rate of 1.55%. The total market capitalization is 41.416 billion CNY [1]. - The stock has experienced a continuous increase over four days, with a cumulative rise of 6.38% during this period [1]. Fund Holdings - According to data, a fund under Bank of China Securities holds a position in Western Superconducting. The fund, Zhongyin Securities CSI 500 ETF Linked A (008258), held 200 shares in the second quarter, accounting for 0.01% of the fund's net value, ranking as the fourth-largest holding [2]. - The fund has achieved a year-to-date return of 27.14%, ranking 2108 out of 4220 in its category, and a one-year return of 39.37%, ranking 1803 out of 3846 [2]. Fund Manager Performance - The fund managers of Zhongyin Securities CSI 500 ETF Linked A are Liu Xianzheng and Zhang Yimin. Liu has a tenure of 7 years and 246 days, with a best fund return of 118.04% and a worst return of -34.66% during his tenure [3]. - Zhang has a tenure of 5 years and 17 days, with a best fund return of 21.46% and a worst return of -40.75% during his tenure [3].
研报掘金丨长江证券:西部超导业绩迎来快速释放期,长期配置价值凸显
Ge Long Hui A P P· 2025-09-28 07:53
Core Viewpoint - Changjiang Securities research report indicates that Western Superconducting Technologies is a high-quality leader in the titanium material industry, with strong long-term realization potential and considerable profitability, driven by high-profit elasticity of high-temperature alloys and vast growth space for superconducting products [1] Group 1: Business Performance - Titanium alloy business has consistently supported the company's steady growth in performance, despite short-term fluctuations in growth rates due to downstream delivery schedules in 2023-2024 [1] - Long-term outlook for the titanium alloy business remains positive, expected to maintain stable growth and effectively support the company's performance [1] Group 2: Superconducting Products - The superconducting products business has experienced rapid development, with significant improvements in both product scale and profitability [1] - The growth potential for superconducting products is vast, and the company is expected to achieve a new level of profitability due to its first-mover advantage and technological accumulation, creating high barriers to entry [1] Group 3: Overall Company Outlook - As a leading player in the new materials sector, the company is positioned for a rapid release of performance across its three business segments, highlighting its long-term investment value [1]
西部超导股价涨5.13%,中银证券旗下1只基金重仓,持有200股浮盈赚取610元
Xin Lang Cai Jing· 2025-09-26 03:11
中银证券中证500ETF联接A(008258)基金经理为刘先政、张艺敏。 截至发稿,刘先政累计任职时间7年242天,现任基金资产总规模2.87亿元,任职期间最佳基金回报 118.04%, 任职期间最差基金回报-34.66%。 张艺敏累计任职时间5年13天,现任基金资产总规模2.87亿元,任职期间最佳基金回报20.36%, 任职期 间最差基金回报-40.75%。 9月26日,西部超导涨5.13%,截至发稿,报62.45元/股,成交9.48亿元,换手率2.38%,总市值405.72亿 元。 资料显示,西部超导材料科技股份有限公司位于陕西省西安经济技术开发区明光路12号,成立日期2003 年2月28日,上市日期2019年7月22日,公司主营业务涉及高端钛合金材料、超导产品和高性能高温合金 材料的研发、生产和销售。主营业务收入构成为:高端钛合金材料57.59%,超导产品29.34%,高性能 高温合金材料9.01%,其他4.07%。 从基金十大重仓股角度 数据显示,中银证券旗下1只基金重仓西部超导。中银证券中证500ETF联接A(008258)二季度持有股 数200股,占基金净值比例为0.01%,位居第四大重仓股。根据 ...
西部超导股价涨5.13%,诺安基金旗下1只基金重仓,持有4300股浮盈赚取1.31万元
Xin Lang Cai Jing· 2025-09-26 03:08
9月26日,西部超导涨5.13%,截至发稿,报62.45元/股,成交9.42亿元,换手率2.37%,总市值405.72亿 元。 资料显示,西部超导材料科技股份有限公司位于陕西省西安经济技术开发区明光路12号,成立日期2003 年2月28日,上市日期2019年7月22日,公司主营业务涉及高端钛合金材料、超导产品和高性能高温合金 材料的研发、生产和销售。主营业务收入构成为:高端钛合金材料57.59%,超导产品29.34%,高性能 高温合金材料9.01%,其他4.07%。 从基金十大重仓股角度 诺安中证500增强A(001351)基金经理为孔宪政、王海畅。 截至发稿,孔宪政累计任职时间4年305天,现任基金资产总规模46.07亿元,任职期间最佳基金回报 69.77%, 任职期间最差基金回报-16.74%。 王海畅累计任职时间3年67天,现任基金资产总规模25.29亿元,任职期间最佳基金回报57.83%, 任职 期间最差基金回报-18.8%。 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 ...
西部超导(688122):再论西部超导:功名有志,大器已成
Changjiang Securities· 2025-09-25 14:54
Investment Rating - The investment rating for the company is "Buy" and is maintained [10]. Core Viewpoints - The report emphasizes the strategic development positioning of the company's three main business segments: titanium alloys, high-temperature alloys, and superconducting products. The company is recognized as a high-quality leader in the titanium materials industry, with strong long-term performance and profitability. The strong profitability elasticity of high-temperature alloys and the vast potential of superconducting products are expected to further enhance growth, collectively driving the company's long-term profitability upward [2][5][18]. Summary by Sections Titanium Alloys: Can Profitability Be Maintained Long-Term? - Titanium alloys serve as the cornerstone of the company's business, supporting steady performance growth. Although the growth rate for titanium alloy business is expected to fluctuate in the short term due to downstream delivery schedules, it is anticipated to maintain stable long-term growth. Key reasons include: 1. Long-term demand for military-grade titanium materials and broad applications in civil aviation and deep-sea sectors [6][19]. 2. The company has established a framework for the application of next-generation aircraft structural titanium alloys, solidifying its leading position [6][19]. 3. The price of sponge titanium remains low, alleviating cost pressures and allowing for profit margin expansion [6][19]. High-Temperature Alloys: How to View Future Profit Elasticity? - The high-temperature alloy business, although started later, has developed rapidly, with products gaining multiple certifications and significant improvements in capacity utilization. Despite a slight decline in profitability in 2024 due to delivery rhythm impacts, the business still has considerable profit release elasticity. Key marginal changes to focus on include: 1. Gradual ramp-up of existing high-temperature alloy capacity, with expansion projects progressing smoothly, expected to enhance profitability through scale effects [7][57]. 2. Strong demand for aerospace high-temperature alloys, leveraging the market influence of titanium alloy business and the company's technical strength [7][57]. 3. Nickel prices returning to rational levels, easing raw material cost pressures and restoring profitability [7][57]. Superconducting Products: How to Outlook Long-Term Growth Space? - The company is a leading player in superconducting products, being the only global enterprise with a full-process production capability for NbTi ingots, superconducting wires, and superconducting magnets. The business has seen rapid growth in both scale and profitability. Looking ahead, the growth potential for superconducting products is vast, with expectations for profitability to reach new heights due to: 1. Steady growth in the MRI market, with the company binding quality customers to absorb new capacity and further expand market share [8][9]. 2. Huge demand for superconducting wires for fusion projects, positioning the company as a core supplier, contributing to long-term performance [8][9]. 3. Superconducting magnet products benefiting from the semiconductor and photovoltaic sectors, with technology upgrades driving incremental demand [8][9]. Investment Outlook: Three Business Segments Driving Long-Term Value - The company is projected to achieve a net profit attributable to shareholders of 1.02 billion, 1.25 billion, and 1.51 billion from 2025 to 2027, corresponding to a current market PE of 37, 31, and 25 times. As a leader in new materials in China, the simultaneous advancement of its three business segments is expected to lead to a rapid release of performance, highlighting the company's long-term investment value [9].
西部超导涨2.03%,成交额6.72亿元,主力资金净流出1746.49万元
Xin Lang Cai Jing· 2025-09-24 06:06
Core Viewpoint - Western Superconducting Technologies Co., Ltd. has shown significant stock performance and financial growth in 2023, with a notable increase in revenue and net profit, indicating strong operational capabilities and market position [2][3]. Stock Performance - As of September 24, Western Superconducting's stock price increased by 2.03% to 58.17 CNY per share, with a trading volume of 6.72 billion CNY and a market capitalization of 377.91 billion CNY [1]. - The stock has risen by 38.27% year-to-date, with a 1.02% increase over the last five trading days, 1.41% over the last twenty days, and 15.17% over the last sixty days [2]. Financial Performance - For the period from January to June 2025, the company achieved a revenue of 2.723 billion CNY, representing a year-on-year growth of 34.76%, and a net profit attributable to shareholders of 546 million CNY, reflecting a 56.72% increase [2]. - Cumulatively, the company has distributed 2.179 billion CNY in dividends since its A-share listing, with 1.406 billion CNY distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 7.91% to 26,900, with an average of 24,152 circulating shares per shareholder, a decrease of 7.33% [2]. - The top ten circulating shareholders include significant institutional investors, with notable changes in holdings among ETFs and other funds [3].
西部超导跌2.01%,成交额4.69亿元,主力资金净流出6907.81万元
Xin Lang Cai Jing· 2025-09-15 06:18
Core Viewpoint - Western Superconducting Technologies Co., Ltd. has experienced fluctuations in stock price and significant growth in revenue and profit, indicating a dynamic market position and potential investment opportunities [1][2]. Financial Performance - As of June 30, 2025, Western Superconducting achieved a revenue of 2.723 billion yuan, representing a year-on-year growth of 34.76% [2]. - The net profit attributable to shareholders reached 546 million yuan, with a year-on-year increase of 56.72% [2]. - Cumulative cash dividends since the A-share listing amount to 2.179 billion yuan, with 1.406 billion yuan distributed over the past three years [3]. Stock Market Activity - On September 15, the stock price of Western Superconducting fell by 2.01%, trading at 58.55 yuan per share, with a total market capitalization of 38.038 billion yuan [1]. - The stock has increased by 39.17% year-to-date, but has seen a decline of 6.74% over the last five trading days [1]. - The stock's trading volume on September 15 was 469 million yuan, with a turnover rate of 1.22% [1]. Shareholder Structure - As of June 30, 2025, the number of shareholders increased to 26,900, a rise of 7.91% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 7.33% to 24,152 shares [2]. - Major shareholders include various ETFs and investment funds, with notable changes in holdings among the top ten shareholders [3].
西部超导涨2.01%,成交额4.71亿元,主力资金净流入1080.28万元
Xin Lang Cai Jing· 2025-09-05 06:35
Core Viewpoint - Western Superconducting Technologies Co., Ltd. has shown significant stock performance with a year-to-date increase of 43.43%, despite a recent decline of 3.24% over the past five trading days [2]. Company Overview - Western Superconducting, established on February 28, 2003, and listed on July 22, 2019, is located in Xi'an Economic and Technological Development Zone, specializing in high-end titanium alloy materials, superconducting products, and high-performance high-temperature alloy materials [2]. - The company's revenue composition includes high-end titanium alloy materials (60.45%), superconducting products (28.64%), high-performance high-temperature alloy materials (7.19%), and other (3.72%) [2]. Financial Performance - For the period from January to June 2025, Western Superconducting achieved a revenue of 2.723 billion yuan, representing a year-on-year growth of 34.76%, and a net profit attributable to shareholders of 546 million yuan, reflecting a growth of 56.72% [2]. - Cumulatively, the company has distributed 2.179 billion yuan in dividends since its A-share listing, with 1.406 billion yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 7.91% to 26,900, with an average of 24,152 circulating shares per person, a decrease of 7.33% [2]. - The top ten circulating shareholders include notable funds such as Huaxia SSE Sci-Tech Innovation Board 50 ETF and E Fund SSE Sci-Tech Innovation Board 50 ETF, with varying changes in their holdings [3].
西部超导(688122)半年报点评报告:业绩表现亮眼 盈利能力改善
Xin Lang Cai Jing· 2025-09-02 02:40
Core Viewpoint - The company reported strong performance in H1 2025, with revenue of 2.723 billion (YoY +34.76%) and net profit of 546 million (YoY +56.72%), driven by high demand for advanced materials [1][2] Financial Performance - H1 2025 revenue reached 2.723 billion, showing a year-over-year increase of 34.76%, while net profit was 546 million, up 56.72% YoY [1] - Q2 2025 continued the growth trend with revenue of 1.649 billion (YoY +34.40%, QoQ +53.57%) and net profit of 376 million (YoY +58.05%, QoQ +121.28%) [1] - The overall gross margin improved to 38.70%, an increase of 6.67 percentage points YoY, indicating enhanced profitability [1] - Operating expenses decreased, with a total expense ratio of 11.82%, down 2.04 percentage points YoY [1] Business Segments - Superconducting products saw revenue of 798 million in H1 2025, a significant increase of 65.75% YoY [2] - High-end titanium alloy revenue reached 1.567 billion, growing by 22.06% YoY [2] - High-performance high-temperature alloy revenue was 245 million, up 56.68% YoY, supported by product certifications and increased production capacity [2] Contract Liabilities and Cash Flow - Contract liabilities rose to 227 million, a 58.94% increase from the previous year, indicating a recovery in demand and order growth [3] - Operating cash flow improved significantly, with a net cash flow of 204 million, up 77.73% YoY, primarily due to increased sales collections [3] - Inventory levels were high at 4.16 billion, a 7.7% increase from the previous year, with work-in-progress and finished goods also rising [3] Strategic Developments - The company is strengthening its leadership in high-end materials, with advancements in titanium alloy applications and successful deliveries of large-scale corrosion-resistant titanium alloy products [4] - The superconducting business is expanding with increased orders and production capacity, including the mass production of high-performance superconducting wires [4] - High-temperature alloy production is also growing rapidly, with several key grades receiving product certifications, enhancing the company's industry position [4] Investment Outlook - The company is expected to benefit from a high demand cycle, with projected net profits of 1.007 billion, 1.253 billion, and 1.567 billion for 2025-2027, respectively [4] - Earnings per share (EPS) are forecasted to be 1.55, 1.93, and 2.41 for the same period, with corresponding price-to-earnings (PE) ratios of 37, 30, and 24 [4]