责任编辑：小浪快报 国泰中证军工ETF（512660）成立日期2016年7月26日，最新规模106.52亿。今年以来收益7.25%，同类 排名2227/5557；近一年收益50.2%，同类排名1414/4285；成立以来收益47.11%。 国泰中证军工ETF（512660）基金经理为艾小军。 截至发稿，艾小军累计任职时间12年21天，现任基金资产总规模1869.73亿元，任职期间最佳基金回报 340.84%， 任职期间最差基金回报-46.54%。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 1月30日，钢研高纳跌5.05%，截至发稿，报20.30元/股，成交2.88亿元，换手率1.82%，总市值161.78亿 元。 资料显示，北京钢研高纳科技股份有限公司位于北京市海淀区大柳树南村19号，成立日期2002年11月8 日，上市日期2009年12月25日，公司主营业务涉及从事航空航天、电力、汽车、冶金、玻璃制造、核电 等工业材料中高温 ...

富国中证军工龙头ETF（512710）成立日期2019年7月23日，最新规模146.9亿。今年以来收益10.93%， 同类排名968/5542；近一年收益46.97%，同类排名1456/4256；成立以来收益73.37%。 富国中证军工龙头ETF（512710）基金经理为王乐乐、牛志冬。 截至发稿，王乐乐累计任职时间10年169天，现任基金资产总规模506.48亿元，任职期间最佳基金回报 149.75%， 任职期间最差基金回报-97.19%。 1月22日，钢研高纳涨5.05%，截至发稿，报21.85元/股，成交2.12亿元，换手率1.28%，总市值174.14亿 元。 资料显示，北京钢研高纳科技股份有限公司位于北京市海淀区大柳树南村19号，成立日期2002年11月8 日，上市日期2009年12月25日，公司主营业务涉及从事航空航天、电力、汽车、冶金、玻璃制造、核电 等工业材料中高温材料的研发、生产和销售,制造高温、耐热合金铸件设备。主营业务收入构成为：铸 造合金制品69.36%，变形合金制品24.71%，新型合金制品5.55%，其他(补充)0.38%。 从钢研高纳十大流通股东角度 数据显示，富国基金旗下1只基 ...

12月24日，钢研高纳盘中上涨2.03%，截至10:14，报18.56元/股，成交2.01亿元，换手率1.45%，总市值 147.92亿元。 资金流向方面，主力资金净流出765.37万元，特大单买入1060.86万元，占比5.28%，卖出986.63万元， 占比4.91%；大单买入3322.00万元，占比16.53%，卖出4161.61万元，占比20.71%。 钢研高纳今年以来股价涨19.74%，近5个交易日涨1.42%，近20日涨16.88%，近60日涨18.29%。 资料显示，北京钢研高纳科技股份有限公司位于北京市海淀区大柳树南村19号，成立日期2002年11月8 日，上市日期2009年12月25日，公司主营业务涉及从事航空航天、电力、汽车、冶金、玻璃制造、核电 等工业材料中高温材料的研发、生产和销售,制造高温、耐热合金铸件设备。主营业务收入构成为：铸 造合金制品69.36%，变形合金制品24.71%，新型合金制品5.55%，其他(补充)0.38%。 钢研高纳所属申万行业为：国防军工-航空装备Ⅱ-航空装备Ⅲ。所属概念板块包括：大飞机、军民融 合、商业航天（航天航空）、航天军工、3D打印等。 截至9月30日 ...

截至9月30日，钢研高纳股东户数4.51万，较上期增加1.75%；人均流通股17023股，较上期减少1.67%。 2025年1月-9月，钢研高纳实现营业收入28.04亿元，同比增长10.69%；归母净利润1.25亿元，同比减少 46.97%。 12月23日，钢研高纳盘中下跌2.05%，截至14:24，报18.14元/股，成交5.86亿元，换手率4.14%，总市值 144.57亿元。 资金流向方面，主力资金净流出2481.79万元，特大单买入1989.20万元，占比3.39%，卖出2969.19万 元，占比5.07%；大单买入1.25亿元，占比21.33%，卖出1.40亿元，占比23.89%。 钢研高纳今年以来股价涨17.03%，近5个交易日跌3.15%，近20日涨12.67%，近60日涨13.87%。 资料显示，北京钢研高纳科技股份有限公司位于北京市海淀区大柳树南村19号，成立日期2002年11月8 日，上市日期2009年12月25日，公司主营业务涉及从事航空航天、电力、汽车、冶金、玻璃制造、核电 等工业材料中高温材料的研发、生产和销售,制造高温、耐热合金铸件设备。主营业务收入构成为：铸 造合金制品69.36 ...

资料显示，北京钢研高纳科技股份有限公司位于北京市海淀区大柳树南村19号，成立日期2002年11月8 日，上市日期2009年12月25日，公司主营业务涉及从事航空航天、电力、汽车、冶金、玻璃制造、核电 等工业材料中高温材料的研发、生产和销售,制造高温、耐热合金铸件设备。主营业务收入构成为：铸 造合金制品69.36%，变形合金制品24.71%，新型合金制品5.55%，其他(补充)0.38%。 钢研高纳所属申万行业为：国防军工-航空装备Ⅱ-航空装备Ⅲ。所属概念板块包括：大飞机、军民融 合、航天军工、商业航天（航天航空）、海洋经济等。 12月22日，钢研高纳盘中下跌2.01%，截至13:09，报18.50元/股，成交4.36亿元，换手率3.02%，总市值 147.44亿元。 资金流向方面，主力资金净流出2466.66万元，特大单买入2228.03万元，占比5.11%，卖出3052.73万 元，占比7.00%；大单买入7834.87万元，占比17.96%，卖出9476.84万元，占比21.73%。 钢研高纳今年以来股价涨19.35%，近5个交易日跌4.00%，近20日涨14.55%，近60日涨15.55%。 截至9月3 ...

截至9月30日，钢研高纳股东户数4.51万，较上期增加1.75%；人均流通股17023股，较上期减少1.67%。 2025年1月-9月，钢研高纳实现营业收入28.04亿元，同比增长10.69%；归母净利润1.25亿元，同比减少 46.97%。 分红方面，钢研高纳A股上市后累计派现7.60亿元。近三年，累计派现2.77亿元。 机构持仓方面，截止2025年9月30日，钢研高纳十大流通股东中，富国中证军工龙头ETF（512710）位 居第三大流通股东，持股1078.10万股，相比上期增加158.93万股。香港中央结算有限公司位居第六大流 通股东，持股534.62万股，相比上期减少377.04万股。国泰中证军工ETF（512660）位居第八大流通股 东，持股464.94万股，相比上期减少90.46万股。南方中证1000ETF（512100）位居第九大流通股东，持 股437.06万股，相比上期减少4.63万股。 责任编辑：小浪快报 12月18日，钢研高纳盘中上涨2.02%，截至10:58，报18.67元/股，成交4.39亿元，换手率3.11%，总市值 148.79亿元。 资金流向方面，主力资金净流入2760.95万元， ...

Core Viewpoint - Steel Research High-tech experienced a decline of 1.33% in stock price on November 11, with a trading volume of 241 million yuan, indicating a potential shift in investor sentiment and market dynamics [1] Financing Summary - On November 11, Steel Research High-tech had a financing buy amount of 32.86 million yuan and a financing repayment of 56.11 million yuan, resulting in a net financing outflow of 23.24 million yuan [1] - The total financing and securities balance as of November 11 was 613 million yuan, with the financing balance accounting for 4.61% of the circulating market value, indicating a high level compared to the past year [1] - In terms of securities lending, 4,000 shares were repaid and 1,200 shares were sold on November 11, with a selling amount of 20,500 yuan, while the securities lending balance was 1.41 million yuan, which is low compared to the past year [1] Financial Performance - For the period from January to September 2025, Steel Research High-tech reported a revenue of 2.804 billion yuan, reflecting a year-on-year growth of 10.69%, while the net profit attributable to shareholders decreased by 46.97% to 125 million yuan [2] - Cumulatively, the company has distributed 760 million yuan in dividends since its A-share listing, with 277 million yuan distributed over the past three years [3] Shareholder Structure - As of September 30, 2025, the number of shareholders for Steel Research High-tech increased by 1.75% to 45,100, while the average circulating shares per person decreased by 1.67% to 17,023 shares [2] - Among the top ten circulating shareholders, the Fortune CSI Military Industry Leader ETF ranked third with 10.781 million shares, an increase of 1.5893 million shares compared to the previous period [3]

Group 1 - The company conducted a specific investor survey on September 18, 2025, with institutions including Western Securities and Penghua Fund, discussing business layout and performance responses [1] - The company's high-temperature alloy business is categorized into casting alloy products, deformation alloy products, and new alloy products, with military products accounting for approximately 60% of revenue and civilian products for about 40% [1] - The company aims to solidify its leading position in the domestic petrochemical market while accelerating international market expansion, with current domestic and overseas business scales each accounting for 50% [1] Group 2 - The Xi'an subsidiary achieved an operating income of 116 million yuan and a net profit of 27.29 million yuan in the first half of 2025, having completed equipment automation upgrades, while the Shenyang subsidiary generated 46.05 million yuan in revenue [1] - The company has not yet established partnerships with overseas engine manufacturers [1] - To address performance decline risks, the company is implementing systematic management improvement measures focusing on market development, capital management, operational optimization, technology enhancement, and cost reduction [1]

Group 1: Business Segments - The company's high-temperature alloy business is divided into three main categories: casting alloy products, deformation alloy products, and new alloy products, which include powder high-temperature alloys, fine high-temperature alloys, and intermetallic compounds [1] Group 2: Revenue Structure - Military product revenue accounts for approximately 60% of total revenue, while civilian product revenue accounts for about 40% [1] Group 3: Subsidiary Performance - Qingdao Xilitong achieved a revenue of 841 million yuan and a profit of 207 million yuan in the first half of 2025, both showing improvement compared to the previous year [2] - The revenue from the Xi'an subsidiary reached 116 million yuan with a net profit of 27.29 million yuan in the first half of 2025, indicating stable performance [2] - The Liaoning subsidiary in Shenyang generated a revenue of 46.05 million yuan, maintaining stable business operations [2] Group 4: International Strategy - Qingdao Xilitong's overseas customers are primarily located in Middle Eastern countries [2] - Currently, domestic and overseas business scales are roughly equal, each accounting for 50% of total operations. Future plans aim to increase the overseas revenue share [2] Group 5: Risk Management - The company has implemented a series of systematic management improvement measures to adapt to rapid external changes, focusing on market expansion, capital management, operational optimization, technology enhancement, and cost reduction [2]

Core Insights - Steel Research High-tech Co., Ltd. has shown a slight increase in stock price and trading volume, indicating investor interest and activity in the market [1] - The company reported a revenue increase of 5.07% year-on-year for the first half of 2025, but its net profit decreased significantly by 64.52% [2] - The company has a high level of financing and margin trading activity, with financing balance at 588 million yuan, representing 4.67% of its market capitalization [1] Financing and Margin Trading - On September 17, Steel Research High-tech had a financing buy amount of 22.75 million yuan and a net financing buy of 1.98 million yuan [1] - The total margin trading balance reached 589 million yuan, which is above the 80th percentile of the past year, indicating a high level of trading activity [1] - The company had a margin loan balance of 1.89 million yuan with a remaining short position of 116,600 shares [1] Shareholder and Institutional Holdings - As of June 30, 2025, the number of shareholders increased by 1.26% to 44,300, while the average number of circulating shares per person decreased by 1.21% [2] - The top institutional shareholders include the Fortune China Securities Military Industry ETF, which increased its holdings by 3.30 million shares [3] - Other notable institutional investors include Hong Kong Central Clearing Limited and Guotai Junan China Securities Military Industry ETF, both of which increased their holdings [3] Financial Performance - For the first half of 2025, Steel Research High-tech achieved an operating income of 1.817 billion yuan, reflecting a year-on-year growth of 5.07% [2] - The company's net profit attributable to shareholders was 63.81 million yuan, a significant decline of 64.52% compared to the previous period [2] - Cumulatively, the company has distributed 760 million yuan in dividends since its A-share listing, with 277 million yuan distributed in the last three years [3]