资料显示，安徽佳力奇先进复合材料科技股份公司位于安徽省宿州市高新技术产业园区朝阳路169号， 成立日期2004年3月30日，上市日期2024年8月28日，公司主营业务涉及主要从事航空复材零部件的研 发、生产及销售,核心产品为飞机复材零部件以及导弹复材零部件,同时公司利用航空复材零部件领域的 研发和制造能力,开展相关制造及技术服务。主营业务收入构成为：飞机复材零部件95.89%，制造及技 术服务4.05%，导弹复材零部件0.05%，其他(补充)0.01%。 9月30日，佳力奇跌0.73%，成交额9368.54万元。两融数据显示，当日佳力奇获融资买入额1101.73万 元，融资偿还1312.79万元，融资净买入-211.07万元。截至9月30日，佳力奇融资融券余额合计1.16亿 元。 融资方面，佳力奇当日融资买入1101.73万元。当前融资余额1.16亿元，占流通市值的4.03%，融资余额 超过近一年70%分位水平，处于较高位。 融券方面，佳力奇9月30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，超过近一年90%分位水平，处于高位。 机 ...

分红方面，佳力奇A股上市后累计派现3982.82万元。 机构持仓方面，截止2025年6月30日，佳力奇十大流通股东中，易方达国防军工混合A（001475）位居 第一大流通股东，持股131.56万股，相比上期增加17.62万股。长城行业轮动混合A（002296）位居第三 大流通股东，持股28.91万股，为新进股东。国投瑞银国家安全混合A（001838）位居第五大流通股东， 持股20.00万股，持股数量较上期不变。 责任编辑：小浪快报 资料显示，安徽佳力奇先进复合材料科技股份公司位于安徽省宿州市高新技术产业园区朝阳路169号， 成立日期2004年3月30日，上市日期2024年8月28日，公司主营业务涉及主要从事航空复材零部件的研 发、生产及销售,核心产品为飞机复材零部件以及导弹复材零部件,同时公司利用航空复材零部件领域的 研发和制造能力,开展相关制造及技术服务。主营业务收入构成为：飞机复材零部件95.89%，制造及技 术服务4.05%，导弹复材零部件0.05%，其他(补充)0.01%。 截至6月30日，佳力奇股东户数1.07万，较上期增加11.61%；人均流通股1931股，较上期减少10.40%。 2025年1月 ...

9月17日，佳力奇跌0.08%，成交额5605.26万元。两融数据显示，当日佳力奇获融资买入额489.28万 元，融资偿还666.88万元，融资净买入-177.60万元。截至9月17日，佳力奇融资融券余额合计1.20亿 元。 截至6月30日，佳力奇股东户数1.07万，较上期增加11.61%；人均流通股1931股，较上期减少10.40%。 2025年1月-6月，佳力奇实现营业收入4.32亿元，同比增长60.02%；归母净利润3773.17万元，同比减少 38.69%。 分红方面，佳力奇A股上市后累计派现3982.82万元。 机构持仓方面，截止2025年6月30日，佳力奇十大流通股东中，易方达国防军工混合A（001475）位居 第一大流通股东，持股131.56万股，相比上期增加17.62万股。长城行业轮动混合A（002296）位居第三 大流通股东，持股28.91万股，为新进股东。国投瑞银国家安全混合A（001838）位居第五大流通股东， 持股20.00万股，持股数量较上期不变。 责任编辑：小浪快报 融资方面，佳力奇当日融资买入489.28万元。当前融资余额1.20亿元，占流通市值的4.48%，融资余额 超过近一年 ...

Core Viewpoint - The company Jialiqi has shown significant growth in revenue but a decline in net profit, indicating potential challenges in profitability despite strong sales growth [2]. Group 1: Financial Performance - As of June 30, Jialiqi achieved operating revenue of 432 million yuan, representing a year-on-year increase of 60.02% [2]. - The net profit attributable to shareholders was 37.73 million yuan, which reflects a year-on-year decrease of 38.69% [2]. - Cumulative cash dividends distributed by Jialiqi since its A-share listing amount to 39.83 million yuan [3]. Group 2: Shareholder and Market Activity - As of September 11, Jialiqi's financing balance reached 125 million yuan, accounting for 4.67% of its market capitalization, indicating a high level of financing activity [1]. - The number of shareholders increased to 10,700, up by 11.61% compared to the previous period, while the average number of circulating shares per person decreased by 10.40% to 1,931 shares [2]. - The top circulating shareholder, E Fund Defense Industry Mixed A, holds 1.32 million shares, an increase of 176,200 shares from the previous period [3]. Group 3: Business Overview - Jialiqi, established on March 30, 2004, specializes in the research, production, and sales of advanced composite materials for aviation, with core products including aircraft and missile composite components [1]. - The revenue composition of Jialiqi's main business includes 95.89% from aircraft composite components, 4.05% from manufacturing and technical services, and 0.05% from missile composite components [1].

Core Viewpoint - The company, Jialiqi, is experiencing significant fluctuations in its financial metrics, with a notable increase in revenue but a decrease in net profit, indicating potential challenges in profitability despite growth in sales [2][3]. Financial Performance - As of June 30, Jialiqi reported a revenue of 432 million yuan, representing a year-on-year growth of 60.02% [2]. - The net profit attributable to shareholders was 37.73 million yuan, which reflects a year-on-year decrease of 38.69% [2]. - Cumulative cash dividends distributed by Jialiqi since its A-share listing amount to 39.83 million yuan [3]. Shareholder and Market Activity - As of June 30, the number of Jialiqi shareholders increased to 10,700, marking an 11.61% rise compared to the previous period [2]. - The average number of circulating shares per shareholder decreased by 10.40% to 1,931 shares [2]. - On September 10, Jialiqi's financing buy-in amounted to 2.19 million yuan, with a net buy of 160,400 yuan, while the total financing balance reached 124 million yuan, accounting for 4.65% of the circulating market value [1]. Institutional Holdings - As of June 30, the largest circulating shareholder is E Fund Defense Industry Mixed A, holding 1.32 million shares, an increase of 176,200 shares from the previous period [3]. - Changcheng Industry Rotation Mixed A is a new entrant among the top ten circulating shareholders, holding 289,100 shares [3]. - Guotou Ruijin National Security Mixed A remains stable in its holdings with 200,000 shares [3]. Business Overview - Jialiqi, established on March 30, 2004, specializes in the research, development, production, and sales of advanced composite materials for aviation, with core products including aircraft and missile composite components [1]. - The revenue composition indicates that 95.89% comes from aircraft composite components, while manufacturing and technical services contribute 4.05%, and missile composite components account for 0.05% [1].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase in stock price compared to the benchmark index [9][10]. Core Insights - In H1 2025, the company achieved a revenue of 432 million yuan, representing a year-on-year growth of 60%, driven by increased market demand and customer orders [5][6]. - The gross profit margin decreased to 21.86%, down 14.67 percentage points year-on-year, due to pricing adjustments from main aircraft manufacturers and lower margins on new projects [7]. - R&D investment grew by 57% to 27.55 million yuan, with successful validation of self-developed materials, indicating a strong focus on innovation [8]. - The company has sufficient production capacity and is expanding into multiple markets, including civil aviation and aerospace, enhancing its growth potential [8]. Financial Summary - The company forecasts net profits for 2025-2027 to be 126 million yuan, 159 million yuan, and 201 million yuan, respectively, with corresponding P/E ratios of 35, 28, and 22 [10][12]. - Revenue projections for 2024-2027 are 627 million yuan, 861 million yuan, 1.064 billion yuan, and 1.318 billion yuan, with growth rates of 35.41%, 37.33%, 23.62%, and 23.85% [12][15]. - The company’s asset-liability ratio is projected to increase from 20.6% in 2024 to 29.9% in 2027, indicating a potential rise in financial leverage [15].

Group 1 - The core viewpoint of the news highlights the recent performance and financial metrics of Jialiqi, including stock price changes and trading volumes [1][2] - On September 2, Jialiqi's stock price fell by 1.15%, with a trading volume of 89.4653 million yuan, and a net financing buy of -2.5827 million yuan [1] - As of September 2, the total margin balance for Jialiqi was 130 million yuan, accounting for 4.56% of its market capitalization [1] Group 2 - For the first half of 2025, Jialiqi reported a revenue of 432 million yuan, representing a year-on-year growth of 60.02%, while the net profit attributable to shareholders decreased by 38.69% to 37.7317 million yuan [2] - The number of shareholders increased by 11.61% to 10,700 as of June 30, with an average of 1,931 circulating shares per person, a decrease of 10.40% [2] - The largest circulating shareholder is E Fund National Defense and Military Industry Mixed A, holding 1.3156 million shares, an increase of 176,200 shares from the previous period [2]

Group 1 - The core business of the company involves the research, production, and sales of advanced composite materials, primarily for aircraft and missile components, with 93.32% of revenue coming from aircraft composite parts [1] - As of August 22, the company's financing balance is 126 million yuan, accounting for 10.54% of its market capitalization [1] - The company reported a revenue of 182 million yuan for the first quarter of 2025, representing a year-on-year growth of 69.76%, while the net profit attributable to the parent company decreased by 55.94% to 11.01 million yuan [2] Group 2 - As of March 31, the number of shareholders decreased by 37.97% to 9,622, while the average circulating shares per person increased by 69.99% to 2,155 shares [2] - Cumulative cash dividends paid by the company after its A-share listing amount to 39.83 million yuan [3] - The largest circulating shareholder is E Fund Defense Industry Mixed A, holding 1.1394 million shares, an increase of 927,700 shares compared to the previous period [3]

Financial Performance - In 2024, the company achieved operating revenue of 626.83 million CNY, a year-on-year increase of 35.41% [2] - The net profit attributable to shareholders was 100.41 million CNY, a decrease of 2.05% year-on-year [2] - For Q1 2025, operating revenue reached 182.33 million CNY, a year-on-year increase of 69.76% [2] - The net profit attributable to shareholders for Q1 2025 was 11.01 million CNY, a decrease of 55.94% year-on-year [2] Product and Market Insights - Over 90% of revenue comes from aircraft composite components [2] - The company has signed contracts worth approximately 435 million CNY for 2025, which are yet to be fulfilled [4] - New projects and markets are expected to contribute to revenue growth in 2025 [4] Cost and Margin Analysis - The gross margin for Q1 2025 decreased compared to 2024 due to price reductions in contracts and increased costs from new project transitions [3] - The company anticipates that once new projects stabilize and scale effects are realized, gross margins will improve [3] Capacity and Resource Management - The workforce increased from approximately 600 to 900 employees since early 2024, ensuring sufficient capacity to meet customer demand [5] - New equipment, including a large hot press and automated machines, has been added to enhance production capabilities [5] Accounts Receivable and Cash Flow - Accounts receivable increased significantly in Q1 2025 due to changes in customer payment terms and longer collection cycles [6] - The increase in accounts receivable is primarily linked to large orders executed in late 2024 and early 2025, with no substantial bad debt expected [7] Strategic Partnerships and Investments - The company has invested in Xi'an Junhui Aviation Technology Co., holding a 35% stake, focusing on military drone design and assembly [8] - New ventures include Anhui Yunshu Zhihang Technology Co., which will engage in low-altitude vehicle development [8] Competitive Advantages - The company has established a comprehensive technical system covering all aspects of composite material production, providing a competitive edge [11][12] - It has been recognized as a "Gold Supplier" by major aviation manufacturers for seven consecutive years, indicating strong customer relationships and industry reputation [12]