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0天，现任基金资产总规模1690.29亿元，任职期间最佳基金回报 275.69%， 任职期间最差基金回报-46.54%。 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，不构成个人投资建 议。 责任编辑：小浪快报 1月9日，上大股份涨7.04%，截至发稿，报44.98元/股，成交8657.91万元，换手率0.71%，总市值167.27 亿元。上大股份股价已经连续3天上涨，区间累计涨幅8.49%。 资料显示，中航上大高温合金材料股份有限公司位于河北省清河县挥公大道16号，成立日期2007年8月 23日，上市日期2024年10月16日，公司主营业务涉及高温及高性能合金、高品质特种不锈钢等特种合金 产品的研发、生产和销售。主营业务收入构成为：高温及高性能合金52.58%，高品质特种不锈钢 44.22%，其他产品2.02%，其他(补充)1.17%。 从上大股份十大流通股东角度 数据显示，国泰基金旗下1只基金位居上大股 ...

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11年364天，现任基金资产总规模1690.29亿元，任职期间最佳基金回报 275.69%， 任职期间最差基金回报-46.54%。 从上大股份十大流通股东角度 数据显示，国泰基金旗下1只基金位居上大股份十大流通股东。国泰中证军工ETF（512660）三季度减 持11.53万股，持有股数73.54万股，占流通股的比例为0.99%。根据测算，今日浮盈赚取约150.02万元。 国泰中证军工ETF（512660）成立日期2016年7月26日，最新规模141.09亿。今年以来收益5.04%，同类 排名1280/5493；近一年收益48.24%，同类排名1242/4197；成立以来收益44.07%。 1月8日，上大股份涨5.15%，截至发稿，报41.64元/股，成交5.99亿元，换手率5.22%，总市值154.85亿 元。 资料显示，中航上大高温合金材料股份有限公司位于河北省清河县挥公大道16号，成立日期2007年8月 23日，上市日期2024年10月16日，公司主营业务涉及高温及高性能合金、高品质特种不锈钢等特种合金 产品的研发、生产和销 ...

12月26日，上大股份盘中上涨2.13%，截至09:53，报39.30元/股，成交4.89亿元，换手率4.48%，总市值 146.14亿元。 资金流向方面，主力资金净流出1541.60万元，特大单买入4236.20万元，占比8.65%，卖出5807.17万 元，占比11.86%；大单买入1.24亿元，占比25.28%，卖出1.23亿元，占比25.22%。 上大股份今年以来股价涨8.02%，近5个交易日涨12.74%，近20日涨26.29%，近60日涨21.18%。 资料显示，中航上大高温合金材料股份有限公司位于河北省清河县挥公大道16号，成立日期2007年8月 23日，上市日期2024年10月16日，公司主营业务涉及高温及高性能合金、高品质特种不锈钢等特种合金 产品的研发、生产和销售。主营业务收入构成为：高温及高性能合金52.58%，高品质特种不锈钢 44.22%，其他产品2.02%，其他(补充)1.17%。 上大股份所属申万行业为：有色金属-金属新材料-其他金属新材料。所属概念板块包括：高温合金、核 聚变、核电、航天军工、军民融合等。 截至9月30日，上大股份股东户数2.55万，较上期减少1.12%；人均流 ...

12月22日，上大股份跌2.61%，成交额4.27亿元。两融数据显示，当日上大股份获融资买入额5920.65万 元，融资偿还4770.86万元，融资净买入1149.79万元。截至12月22日，上大股份融资融券余额合计3.12 亿元。 分红方面，上大股份A股上市后累计派现4350.84万元。 机构持仓方面，截止2025年9月30日，上大股份十大流通股东中，国泰中证军工ETF（512660）位居第 二大流通股东，持股73.54万股，相比上期减少11.53万股。南方中证1000ETF（512100）位居第三大流 通股东，持股67.88万股，相比上期减少1.22万股。南方中证申万有色金属ETF发起联接A（004432）位 居第四大流通股东，持股59.72万股，相比上期增加32.15万股。华夏中证1000ETF（159845）位居第六 大流通股东，持股40.42万股，相比上期增加1727.00股。广发中证军工ETF（512680）位居第七大流通 股东，持股39.65万股，相比上期增加8.38万股。广发中证1000ETF（560010）位居第十大流通股东，持 股31.14万股，相比上期减少1.52万股。香港中央结算有限公 ...

截至9月30日，上大股份股东户数2.55万，较上期减少1.12%；人均流通股2914股，较上期增加1.13%。 2025年1月-9月，上大股份实现营业收入18.05亿元，同比减少4.10%；归母净利润7658.01万元，同比减 少38.60%。 分红方面，上大股份A股上市后累计派现4350.84万元。 机构持仓方面，截止2025年9月30日，上大股份十大流通股东中，国泰中证军工ETF（512660）位居第 二大流通股东，持股73.54万股，相比上期减少11.53万股。南方中证1000ETF（512100）位居第三大流 通股东，持股67.88万股，相比上期减少1.22万股。南方中证申万有色金属ETF发起联接A（004432）位 居第四大流通股东，持股59.72万股，相比上期增加32.15万股。华夏中证1000ETF（159845）位居第六 大流通股东，持股40.42万股，相比上期增加1727.00股。广发中证军工ETF（512680）位居第七大流通 股东，持股39.65万股，相比上期增加8.38万股。广发中证1000ETF（560010）位居第十大流通股东，持 股31.14万股，相比上期减少1.52万股。香港中 ...

Investment Rating - The report gives an "Accumulate" investment rating for the company [3]. Core Insights - The company is a leading enterprise in the domestic high-temperature alloy recycling technology, focusing on high-return recycling of high-temperature alloys and key strategic material import substitution [5][11]. - The company has shown significant breakthroughs in the preparation of high-temperature alloy recycling and has a strong market potential across multiple industries, including aerospace, gas turbines, and nuclear engineering [5][11]. - The company’s revenue is projected to grow from 26.57 billion yuan in 2025 to 35.60 billion yuan in 2027, with corresponding net profits of 1.19 billion yuan and 2.09 billion yuan respectively [5][6]. Financial Data and Valuation - Total revenue (in million yuan) for the years 2023 to 2027 is projected as follows: 2035, 2508, 2657, 3043, and 3560, with year-on-year growth rates of 58%, 23%, 6%, 15%, and 17% respectively [2]. - The company’s net profit for the same period is expected to be 151 million, 162 million, 119 million, 159 million, and 209 million yuan, with corresponding year-on-year growth rates of 41%, 7%, -26%, 34%, and 32% [6]. - The company’s current market capitalization is 12.6 billion yuan, with a circulating market value of 9.5 billion yuan [3]. Company Overview - The company, established in August 2007, is a key production and R&D base for high-end equipment manufacturing materials in China, focusing on high-temperature alloys and special alloy materials [11]. - The company has a diverse shareholding structure, with the main shareholder holding 15.13% of the shares [3][11]. - The company’s main products include high-temperature alloys, high-performance alloys, and high-quality special stainless steels, which are crucial for various high-end industries [17][21]. Market Demand and Growth Potential - The demand for high-temperature alloys is expected to grow significantly due to increasing defense budgets, military aircraft upgrades, and the acceleration of domestic engine replacements in the civil aviation sector [5][11]. - The aerospace sector is projected to see a rise in the number and quality of rocket launches, leading to increased demand for high-temperature alloys used in rocket engines [5][11]. - The nuclear power sector is also expected to grow rapidly due to the acceleration of nuclear power station construction and equipment exports [5][11]. Technology and Competitive Advantage - The company has developed advanced recycling technologies that significantly reduce costs and improve efficiency, achieving a quality and stability level that surpasses new materials [5][11]. - The company’s high-temperature alloy products are primarily deformation alloys, which are widely used in critical components for aerospace, nuclear engineering, and gas turbines [5][11]. - The company has established itself as a leader in the domestic market for high-temperature alloy recycling technology, with a focus on achieving high-value, high-efficiency, and high-technology recycling of strategic materials [5][11].

格隆汇12月10日丨上大股份(301522.SZ)在互动平台表示，公司生产的高温合金、耐蚀合金、高品质特 种不锈钢等产品可以广泛应用于海洋工程、石油化工等装备的生产制造。 ...

（记者 王晓波） 上大股份（301522.SZ）12月10日在投资者互动平台表示，公司生产的高温合金、耐蚀合金、高品质特 种不锈钢等产品可以广泛应用于海洋工程、石油化工等装备的生产制造。 每经AI快讯，有投资者在投资者互动平台提问：公司产品在页岩气及可燃冰领域有应用吗？ ...

Core Viewpoint - The stock of Shangda Co., Ltd. has shown fluctuations with a recent increase of 2.01%, while the company faces a decline in revenue and net profit year-on-year [1][2]. Financial Performance - For the period from January to September 2025, Shangda Co., Ltd. reported a revenue of 1.805 billion yuan, a decrease of 4.10% year-on-year, and a net profit attributable to shareholders of 76.58 million yuan, down 38.60% year-on-year [2]. - Cumulative cash dividends since the A-share listing amount to 43.51 million yuan [3]. Stock Market Activity - As of November 13, the stock price was 34.97 yuan per share, with a trading volume of 160 million yuan and a turnover rate of 1.65%, resulting in a total market capitalization of 13.004 billion yuan [1]. - The stock has experienced a year-to-date decline of 3.88%, a 5-day decline of 1.21%, a 20-day increase of 11.09%, and a 60-day decline of 4.43% [1]. Shareholder Structure - As of September 30, 2025, the number of shareholders decreased to 25,500, with an average of 2,914 circulating shares per person, an increase of 1.13% [2]. - The top circulating shareholders include the Guotai CSI Military Industry ETF, which holds 735,400 shares, a decrease of 115,300 shares from the previous period [3].

Core Viewpoint - On November 6, Shangda Co., Ltd. experienced a stock price increase of 5.05%, reaching 35.75 CNY per share, with a trading volume of 657 million CNY and a turnover rate of 6.82%, resulting in a total market capitalization of 13.294 billion CNY [1] Company Overview - Shangda Co., Ltd., officially known as AVIC Shangda High-Temperature Alloy Materials Co., Ltd., is located at No. 16, Huigong Avenue, Qinghe County, Hebei Province. The company was established on August 23, 2007, and went public on October 16, 2024. Its main business involves the research, production, and sales of high-temperature and high-performance alloys, as well as high-quality special stainless steel [1] - The revenue composition of the company is as follows: high-temperature and high-performance alloys account for 52.58%, high-quality special stainless steel for 44.22%, other products for 2.02%, and additional items for 1.17% [1] Shareholder Information - Among the top ten circulating shareholders of Shangda Co., Ltd., a fund under Guotai Fund holds a position. The Guotai CSI Military Industry ETF (512660) reduced its holdings by 115,300 shares in the third quarter, now holding 735,400 shares, which represents 0.99% of the circulating shares. The estimated floating profit today is approximately 1.2649 million CNY [2] - The Guotai CSI Military Industry ETF (512660) was established on July 26, 2016, with a current scale of 14.109 billion CNY. Year-to-date returns are 14.4%, ranking 3251 out of 4216 in its category; the one-year return is 4.07%, ranking 3532 out of 3909; and since inception, the return is 19.17% [2]