从基金十大重仓股角度 8月27日，佳驰科技跌5.03%，截至发稿，报76.88元/股，成交1.03亿元，换手率3.39%，总市值307.53亿 元。 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。主营业务收入构成为：隐身功能涂层材料61.66%，隐身功能结构件35.81%，电磁兼容材料 1.51%，技术服务0.98%，其他0.04%。 数据显示，国泰基金旗下1只基金重仓佳驰科技。国泰金福三个月定期开放混合（010446）一季度持有 股数780股，占基金净值比例为0.04%，位居第八大重仓股。根据测算，今日浮亏损失约3174.6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 ...

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]

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 ...