update pay ui
This commit is contained in:
@@ -1,589 +1,403 @@
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<!DOCTYPE html>
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<html lang="zh-CN">
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<html lang="zh-CN" data-theme="night">
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<head>
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<meta charset="utf-8" />
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<meta name="viewport" content="width=device-width, initial-scale=1, shrink-to-fit=no">
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<title>地面兵装概念分析报告</title>
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<link href="https://fonts.googleapis.com/css?family=Inter:300,400,500,600,700,800|Noto+Sans+SC:300,400,500,700&display=swap" rel="stylesheet" />
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<!-- Font Awesome Icons -->
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<script src="https://kit.fontawesome.com/1d2b6c4f81.js" crossorigin="anonymous"></script>
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<!-- Tailwind CSS -->
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<link href="https://cdn.jsdelivr.net/npm/tailwindcss@2.2.19/dist/tailwind.min.css" rel="stylesheet">
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<link href="https://cdn.jsdelivr.net/npm/daisyui@5" rel="stylesheet" type="text/css" />
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<style>
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body {
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font-family: 'Inter', 'Noto Sans SC', sans-serif;
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background-color: #0f172a;
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color: #e2e8f0;
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}
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.gradient-bg {
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background: linear-gradient(135deg, #1e293b 0%, #0f172a 100%);
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}
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.card-bg {
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background: rgba(30, 41, 59, 0.7);
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backdrop-filter: blur(10px);
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border: 1px solid rgba(148, 163, 184, 0.1);
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}
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.highlight {
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background: linear-gradient(120deg, rgba(59, 130, 246, 0.3) 0%, rgba(59, 130, 246, 0.1) 100%);
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border-left: 3px solid #3b82f6;
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}
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.military-gradient {
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background: linear-gradient(90deg, #1e3a8a 0%, #1e293b 50%, #134e4a 100%);
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}
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.timeline-dot {
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position: relative;
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}
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.timeline-dot::before {
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content: '';
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position: absolute;
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left: -10px;
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top: 8px;
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width: 8px;
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height: 8px;
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border-radius: 50%;
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background-color: #3b82f6;
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}
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.table-row-hover:hover {
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background-color: rgba(59, 130, 246, 0.1);
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}
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#particles-js {
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position: fixed;
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width: 100%;
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height: 100%;
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top: 0;
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left: 0;
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z-index: -1;
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}
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</style>
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</head>
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<body class="gradient-bg min-h-screen p-4 md:p-8">
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<div id="particles-js"></div>
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<div class="max-w-7xl mx-auto">
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<!-- 页面标题 -->
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<div class="text-center mb-10">
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<h1 class="text-4xl md:text-5xl font-bold mb-4 military-gradient bg-clip-text text-transparent">地面兵装概念分析报告</h1>
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<p class="text-lg text-gray-400">政策+地缘+技术三重共振的稀缺高景气赛道</p>
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</div>
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<meta charset="UTF-8">
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<meta name="viewport" content="width=device-width, initial-scale=1.0">
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<title>深度行研报告：地面兵装</title>
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<link href="https://cdn.jsdelivr.net/npm/daisyui@4.10.1/dist/full.min.css" rel="stylesheet" type="text/css" />
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<script src="https://cdn.tailwindcss.com"></script>
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<script defer src="https://cdn.jsdelivr.net/npm/alpinejs@3.x.x/dist/cdn.min.js"></script>
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<script src="https://cdn.jsdelivr.net/npm/echarts@5.5.0/dist/echarts.min.js"></script>
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<style>
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@import url('https://fonts.googleapis.com/css2?family=Orbitron:wght@400;700&family=Noto+Sans+SC:wght@300;400;500;700&display=swap');
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<!-- 概念事件 -->
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<div class="card-bg rounded-xl p-6 mb-8 shadow-xl">
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<h2 class="text-2xl font-bold mb-6 text-blue-400 flex items-center">
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<i class="fas fa-calendar-alt mr-3"></i>概念事件
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</h2>
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<div class="mb-8">
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<h3 class="text-xl font-semibold mb-4 text-green-400">时间轴梳理</h3>
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<div class="space-y-4">
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<div class="timeline-dot pl-6">
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<p class="font-semibold text-blue-300">2024年9月</p>
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<p>兵器装备集团启动重组，防务资产与兵器工业集团整合，汽车业务并入东风集团（东吴军工）。</p>
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</div>
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<div class="timeline-dot pl-6">
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<p class="font-semibold text-blue-300">2024年10月</p>
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<p>珠海航展展示远火（远程火箭炮）实战化应用，PHL-191等型号成为焦点（东财军工）。</p>
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</div>
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<div class="timeline-dot pl-6">
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<p class="font-semibold text-blue-300">2025年2月</p>
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<p>兵器工业集团与兵器装备集团完成分立重组，聚焦主责主业（财通机械）。</p>
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</div>
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<div class="timeline-dot pl-6">
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<p class="font-semibold text-blue-300">2025年6月</p>
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<p>地面兵装板块集体爆发，<span class="text-yellow-300 font-bold">北方长龙20cm涨停</span>，长城军工、中兵红箭等跟涨（36氪新闻）。</p>
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</div>
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<div class="timeline-dot pl-6">
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<p class="font-semibold text-blue-300">2025年Q1</p>
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<p>地面兵装板块营收增速<span class="text-yellow-300 font-bold">9.77%</span>，兵器集团关联交易增速<span class="text-yellow-300 font-bold">124.55%</span>（天风军工）。</p>
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</div>
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</div>
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</div>
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<div>
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<h3 class="text-xl font-semibold mb-4 text-green-400">催化事件</h3>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
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<div class="highlight p-4 rounded-lg">
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<h4 class="font-bold text-blue-300 mb-2">十四五收官+十五五启动</h4>
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<p>延迟订单释放（2025年为十四五最后一年），叠加新装备备货周期。</p>
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</div>
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<div class="highlight p-4 rounded-lg">
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<h4 class="font-bold text-blue-300 mb-2">地缘冲突</h4>
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<p>俄乌战争暴露弹药消耗缺口，远火军贸需求激增（美国2024年采购5064枚GMLRS，单价18.7万美元）。</p>
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</div>
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<div class="highlight p-4 rounded-lg">
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<h4 class="font-bold text-blue-300 mb-2">低成本智能化</h4>
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<p>2021年陆军发布《三高一低》倡议书，推动低成本装备放量（国联民生军工）。</p>
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</div>
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</div>
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</div>
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</div>
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<!-- 核心观点摘要 -->
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<div class="card-bg rounded-xl p-6 mb-8 shadow-xl">
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<h2 class="text-2xl font-bold mb-6 text-blue-400 flex items-center">
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<i class="fas fa-lightbulb mr-3"></i>核心观点摘要
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</h2>
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<div class="space-y-4">
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<div class="p-4 bg-blue-900 bg-opacity-20 rounded-lg border-l-4 border-blue-500">
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<p><span class="font-semibold text-blue-300">当前阶段：</span>地面兵装处于"十四五订单兑现+十五五需求前置"的景气拐点，<span class="text-yellow-300 font-bold">2025Q1营收增速9.77%</span>已验证基本面反转。</p>
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</div>
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<div class="p-4 bg-green-900 bg-opacity-20 rounded-lg border-l-4 border-green-500">
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<p><span class="font-semibold text-green-300">核心驱动力：</span><span class="text-yellow-300 font-bold">低成本弹药放量</span>（政策驱动）+<span class="text-yellow-300 font-bold">远火军贸爆发</span>（地缘催化）+<span class="text-yellow-300 font-bold">智能化升级</span>（技术迭代）。</p>
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</div>
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<div class="p-4 bg-purple-900 bg-opacity-20 rounded-lg border-l-4 border-purple-500">
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<p><span class="font-semibold text-purple-300">未来潜力：</span>2025-2027年建军百年目标驱动下，远火/智能弹药需求或超预期，<span class="text-yellow-300 font-bold">军贸利润率高于内销50%+</span>。</p>
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</div>
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</div>
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</div>
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<!-- 核心逻辑与市场认知分析 -->
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<div class="card-bg rounded-xl p-6 mb-8 shadow-xl">
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<h2 class="text-2xl font-bold mb-6 text-blue-400 flex items-center">
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<i class="fas fa-brain mr-3"></i>核心逻辑与市场认知分析
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</h2>
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<div class="mb-6">
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<h3 class="text-xl font-semibold mb-4 text-green-400">核心驱动力</h3>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
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<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
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<h4 class="font-bold text-blue-300 mb-2">政策端</h4>
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<p>十四五末期延迟订单集中释放（兵器集团关联交易增速<span class="text-yellow-300 font-bold">124.55%</span>），十五五初期新装备备货周期启动。</p>
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</div>
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<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
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<h4 class="font-bold text-blue-300 mb-2">需求端</h4>
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<p>俄乌战争暴露弹药消耗缺口（乌军月消耗6000发远火），全球军费向低成本弹药倾斜（美国2024年弹药预算306亿美元）。</p>
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</div>
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<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
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<h4 class="font-bold text-blue-300 mb-2">技术端</h4>
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<p>远火制导精度达<span class="text-yellow-300 font-bold">米级</span>（PHL-191），成本仅为导弹1/20，智能化弹药（末敏弹、巡飞弹）渗透率提升。</p>
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</div>
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</div>
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</div>
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<div class="mb-6">
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<h3 class="text-xl font-semibold mb-4 text-green-400">市场热度与情绪</h3>
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<div class="grid grid-cols-1 md:grid-cols-2 gap-4">
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<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
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<h4 class="font-bold text-blue-300 mb-2">研报密集度</h4>
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<p>2025年3-6月，天风/国联/东吴等<span class="text-yellow-300 font-bold">10+篇研报强call</span>，情绪从"预期差"转向"订单验证"。</p>
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</div>
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<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
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<h4 class="font-bold text-blue-300 mb-2">资金行为</h4>
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<p>6月19日板块涨停潮显示<span class="text-yellow-300 font-bold">短线资金抢筹</span>，但机构持仓仍低（申万地面兵装指数年初涨幅<span class="text-yellow-300 font-bold">10%</span>，军工内部第一）。</p>
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</div>
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</div>
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</div>
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<div>
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<h3 class="text-xl font-semibold mb-4 text-green-400">预期差分析</h3>
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<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
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<div class="mb-3">
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<h4 class="font-bold text-blue-300 mb-1">市场共识</h4>
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<p>远火是"十四五"增速最快赛道（30%+复合增速）。</p>
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</div>
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<div>
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<h4 class="font-bold text-blue-300 mb-1">预期差</h4>
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<ul class="list-disc pl-6 space-y-2">
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<li><span class="text-yellow-300 font-bold">军贸弹性</span>：市场低估军贸利润率（<span class="text-yellow-300 font-bold">40%+毛利率</span> vs 内销20%），阿联酋17亿元AR-3订单仅为开端。</li>
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<li><span class="text-yellow-300 font-bold">智能化弹药</span>：中兵红箭2026年新型号<span class="text-yellow-300 font-bold">单公里成本5000元</span>（传统导弹1万元），性价比颠覆认知。</li>
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</ul>
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</div>
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</div>
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</div>
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</div>
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<!-- 关键催化剂与未来发展路径 -->
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<div class="card-bg rounded-xl p-6 mb-8 shadow-xl">
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<h2 class="text-2xl font-bold mb-6 text-blue-400 flex items-center">
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<i class="fas fa-rocket mr-3"></i>关键催化剂与未来发展路径
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</h2>
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<div class="mb-6">
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<h3 class="text-xl font-semibold mb-4 text-green-400">近期催化剂（3-6个月）</h3>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
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<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
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<h4 class="font-bold text-blue-300 mb-2">订单落地</h4>
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<p>2025Q2兵器集团远火/智能弹药大额订单公告（<span class="text-yellow-300 font-bold">北方导航</span>已扭亏为盈）。</p>
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</div>
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<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
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<h4 class="font-bold text-blue-300 mb-2">军贸签约</h4>
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<p>中东/东南亚远火框架合同（<span class="text-yellow-300 font-bold">长城军工</span>、<span class="text-yellow-300 font-bold">中兵红箭</span>）。</p>
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</div>
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<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
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<h4 class="font-bold text-blue-300 mb-2">产能释放</h4>
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<p>内蒙一机<span class="text-yellow-300 font-bold">99A坦克外贸订单</span>（潜在600亿元市场）。</p>
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</div>
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</div>
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</div>
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<div>
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<h3 class="text-xl font-semibold mb-4 text-green-400">长期路径（2025-2027）</h3>
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<div class="space-y-4">
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<div class="flex items-start">
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<div class="bg-blue-500 rounded-full h-8 w-8 flex items-center justify-center mr-4 mt-1 flex-shrink-0">
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<span class="font-bold text-white">2025</span>
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</div>
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||||
<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg flex-grow">
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<p>十四五延迟订单消化，板块营收增速<span class="text-yellow-300 font-bold">20%+</span>。</p>
|
||||
</div>
|
||||
</div>
|
||||
<div class="flex items-start">
|
||||
<div class="bg-blue-500 rounded-full h-8 w-8 flex items-center justify-center mr-4 mt-1 flex-shrink-0">
|
||||
<span class="font-bold text-white">2026</span>
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||||
</div>
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||||
<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg flex-grow">
|
||||
<p>新型号远火批产（中兵红箭利润<span class="text-yellow-300 font-bold">6.5亿元</span> vs 2024年亏损1-2亿）。</p>
|
||||
</div>
|
||||
</div>
|
||||
<div class="flex items-start">
|
||||
<div class="bg-blue-500 rounded-full h-8 w-8 flex items-center justify-center mr-4 mt-1 flex-shrink-0">
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||||
<span class="font-bold text-white">2027</span>
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||||
</div>
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||||
<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg flex-grow">
|
||||
<p>建军百年目标达成，军贸占比提升至<span class="text-yellow-300 font-bold">30%+</span>。</p>
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||||
</div>
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||||
</div>
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||||
</div>
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||||
</div>
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||||
</div>
|
||||
|
||||
<!-- 产业链与核心公司深度剖析 -->
|
||||
<div class="card-bg rounded-xl p-6 mb-8 shadow-xl">
|
||||
<h2 class="text-2xl font-bold mb-6 text-blue-400 flex items-center">
|
||||
<i class="fas fa-sitemap mr-3"></i>产业链与核心公司深度剖析
|
||||
</h2>
|
||||
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||||
<div class="mb-6">
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||||
<h3 class="text-xl font-semibold mb-4 text-green-400">产业链图谱</h3>
|
||||
<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
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||||
<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
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||||
<h4 class="font-bold text-blue-300 mb-3 text-center">上游</h4>
|
||||
<ul class="space-y-2">
|
||||
<li>长盈通（光纤环，制导系统核心）</li>
|
||||
<li>菲利华（石英材料）</li>
|
||||
</ul>
|
||||
</div>
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||||
<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
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||||
<h4 class="font-bold text-blue-300 mb-3 text-center">中游</h4>
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||||
<ul class="space-y-2">
|
||||
<li>北方导航（制导控制舱垄断）</li>
|
||||
<li>国科军工（固体发动机）</li>
|
||||
</ul>
|
||||
</div>
|
||||
<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
|
||||
<h4 class="font-bold text-blue-300 mb-3 text-center">下游</h4>
|
||||
<ul class="space-y-2">
|
||||
<li>中兵红箭（远火总装）</li>
|
||||
<li>长城军工（弹药）</li>
|
||||
<li>内蒙一机（装甲平台）</li>
|
||||
</ul>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<div>
|
||||
<h3 class="text-xl font-semibold mb-4 text-green-400">核心玩家对比</h3>
|
||||
<div class="overflow-x-auto">
|
||||
<table class="w-full text-sm text-left text-gray-400">
|
||||
<thead class="text-xs uppercase bg-gray-700 text-gray-400">
|
||||
<tr>
|
||||
<th class="px-4 py-3">公司</th>
|
||||
<th class="px-4 py-3">业务纯度</th>
|
||||
<th class="px-4 py-3">竞争优势</th>
|
||||
<th class="px-4 py-3">风险点</th>
|
||||
</tr>
|
||||
</thead>
|
||||
<tbody>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">中兵红箭</td>
|
||||
<td class="px-4 py-3">100%军品</td>
|
||||
<td class="px-4 py-3">远火+智能弹药双龙头，2026年利润弹性<span class="text-yellow-300 font-bold">240%</span></td>
|
||||
<td class="px-4 py-3">2024年安全事故拖累产能</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">北方导航</td>
|
||||
<td class="px-4 py-3">90%军品</td>
|
||||
<td class="px-4 py-3">制导控制舱市占率<span class="text-yellow-300 font-bold">60%</span>，兵器集团背书</td>
|
||||
<td class="px-4 py-3">2024H1营收下滑82%（延迟）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">长城军工</td>
|
||||
<td class="px-4 py-3">80%军品</td>
|
||||
<td class="px-4 py-3">弹药谱系最全，军贸订单<span class="text-yellow-300 font-bold">5亿元</span>已落地</td>
|
||||
<td class="px-4 py-3">民品预应力锚具拖累毛利率</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">内蒙一机</td>
|
||||
<td class="px-4 py-3">70%军品</td>
|
||||
<td class="px-4 py-3">99A坦克唯一总装，外贸订单<span class="text-yellow-300 font-bold">600亿元</span>潜在</td>
|
||||
<td class="px-4 py-3">关联交易占比过高（50%+）</td>
|
||||
</tr>
|
||||
</tbody>
|
||||
</table>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<!-- 潜在风险与挑战 -->
|
||||
<div class="card-bg rounded-xl p-6 mb-8 shadow-xl">
|
||||
<h2 class="text-2xl font-bold mb-6 text-blue-400 flex items-center">
|
||||
<i class="fas fa-exclamation-triangle mr-3"></i>潜在风险与挑战
|
||||
</h2>
|
||||
<div class="grid grid-cols-1 md:grid-cols-2 gap-4">
|
||||
<div class="bg-red-900 bg-opacity-20 p-4 rounded-lg border-l-4 border-red-500">
|
||||
<h4 class="font-bold text-red-300 mb-2">技术风险</h4>
|
||||
<p>远火制导系统依赖进口光纤陀螺仪（长盈通国产化率<span class="text-yellow-300 font-bold"><50%</span>）。</p>
|
||||
</div>
|
||||
<div class="bg-red-900 bg-opacity-20 p-4 rounded-lg border-l-4 border-red-500">
|
||||
<h4 class="font-bold text-red-300 mb-2">商业化风险</h4>
|
||||
<p>低成本弹药可能压缩总装利润率（<span class="text-yellow-300 font-bold">5%成本加成</span> vs 沈飞7%净利率）。</p>
|
||||
</div>
|
||||
<div class="bg-red-900 bg-opacity-20 p-4 rounded-lg border-l-4 border-red-500">
|
||||
<h4 class="font-bold text-red-300 mb-2">政策风险</h4>
|
||||
<p>军贸出口受地缘政治限制（如中东客户付款延迟）。</p>
|
||||
</div>
|
||||
<div class="bg-red-900 bg-opacity-20 p-4 rounded-lg border-l-4 border-red-500">
|
||||
<h4 class="font-bold text-red-300 mb-2">信息矛盾</h4>
|
||||
<p>天风军工预测2025年兵器集团营收增速<span class="text-yellow-300 font-bold">47.85%</span>，但2024年实际仅<span class="text-yellow-300 font-bold">9.77%</span>，需验证订单转化节奏。</p>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<!-- 综合结论与投资启示 -->
|
||||
<div class="card-bg rounded-xl p-6 mb-8 shadow-xl">
|
||||
<h2 class="text-2xl font-bold mb-6 text-blue-400 flex items-center">
|
||||
<i class="fas fa-chart-line mr-3"></i>综合结论与投资启示
|
||||
</h2>
|
||||
|
||||
<div class="mb-6">
|
||||
<h3 class="text-xl font-semibold mb-4 text-green-400">阶段判断</h3>
|
||||
<div class="bg-blue-900 bg-opacity-20 p-4 rounded-lg">
|
||||
<p>地面兵装已从<span class="text-yellow-300 font-bold">主题炒作</span>（2023年培育钻石逻辑）进入<span class="text-yellow-300 font-bold">订单驱动</span>阶段（2025Q1营收拐点）。</p>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<div class="mb-6">
|
||||
<h3 class="text-xl font-semibold mb-4 text-green-400">投资方向</h3>
|
||||
<div class="space-y-4">
|
||||
<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg border-l-4 border-green-500">
|
||||
<h4 class="font-bold text-green-300 mb-2">首选</h4>
|
||||
<p><span class="text-yellow-300 font-bold">中兵红箭</span>（2026年利润弹性最大，军贸占比提升）。</p>
|
||||
</div>
|
||||
<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg border-l-4 border-blue-500">
|
||||
<h4 class="font-bold text-blue-300 mb-2">次选</h4>
|
||||
<p><span class="text-yellow-300 font-bold">北方导航</span>（制导系统垄断，估值修复空间大）。</p>
|
||||
</div>
|
||||
<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg border-l-4 border-purple-500">
|
||||
<h4 class="font-bold text-purple-300 mb-2">弹性</h4>
|
||||
<p><span class="text-yellow-300 font-bold">长城军工</span>（弹药细分龙头，军贸订单催化）。</p>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<div>
|
||||
<h3 class="text-xl font-semibold mb-4 text-green-400">跟踪指标</h3>
|
||||
<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
|
||||
<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
|
||||
<h4 class="font-bold text-blue-300 mb-2">订单验证</h4>
|
||||
<p>2025Q2兵器集团远火/弹药订单公告金额。</p>
|
||||
</div>
|
||||
<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
|
||||
<h4 class="font-bold text-blue-300 mb-2">产能恢复</h4>
|
||||
<p>中兵红箭新产线投产进度（2025年产能恢复至<span class="text-yellow-300 font-bold">80%+</span>）。</p>
|
||||
</div>
|
||||
<div class="bg-gray-800 bg-opacity-50 p-4 rounded-lg">
|
||||
<h4 class="font-bold text-blue-300 mb-2">军贸数据</h4>
|
||||
<p>2025年远火出口金额（目标<span class="text-yellow-300 font-bold">50亿元</span> vs 2023年<span class="text-yellow-300 font-bold">20亿元</span>）。</p>
|
||||
</div>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<div class="mt-6 p-4 bg-gradient-to-r from-blue-900 to-purple-900 rounded-lg text-center">
|
||||
<p class="text-xl font-bold text-white">地面兵装是军工板块中<span class="text-yellow-300">政策+地缘+技术</span>三重共振的稀缺高景气赛道，<span class="text-yellow-300">2025-2027年订单与利润双击</span>可期。</p>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<!-- 关联股票数据 -->
|
||||
<div class="card-bg rounded-xl p-6 shadow-xl">
|
||||
<h2 class="text-2xl font-bold mb-6 text-blue-400 flex items-center">
|
||||
<i class="fas fa-table mr-3"></i>关联股票数据
|
||||
</h2>
|
||||
<div class="overflow-x-auto">
|
||||
<table class="w-full text-sm text-left text-gray-400">
|
||||
<thead class="text-xs uppercase bg-gray-700 text-gray-400">
|
||||
<tr>
|
||||
<th class="px-4 py-3">股票名称</th>
|
||||
<th class="px-4 py-3">分类</th>
|
||||
<th class="px-4 py-3">行业/项目</th>
|
||||
<th class="px-4 py-3">产业链</th>
|
||||
<th class="px-4 py-3">关联原因</th>
|
||||
</tr>
|
||||
</thead>
|
||||
<tbody>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">中兵红箭</td>
|
||||
<td class="px-4 py-3"><span class="bg-blue-900 text-blue-300 text-xs px-2 py-1 rounded">智能弹药</span></td>
|
||||
<td class="px-4 py-3">特种装备</td>
|
||||
<td class="px-4 py-3">智能弹药</td>
|
||||
<td class="px-4 py-3">公司在特种装备领域，未来产品结构中智能弹药的比重会有所增加（公司公告）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">长城军工</td>
|
||||
<td class="px-4 py-3"><span class="bg-blue-900 text-blue-300 text-xs px-2 py-1 rounded">智能弹药</span></td>
|
||||
<td class="px-4 py-3">信息化弹药研制</td>
|
||||
<td class="px-4 py-3">精确制导弹药、信息化智能化装备</td>
|
||||
<td class="px-4 py-3">在信息化弹药研制上的优势，加速精确制导弹药、信息化智能化等装备的研发（公司互动）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">光电股份</td>
|
||||
<td class="px-4 py-3"><span class="bg-blue-900 text-blue-300 text-xs px-2 py-1 rounded">智能弹药</span></td>
|
||||
<td class="px-4 py-3">精确制导领域</td>
|
||||
<td class="px-4 py-3">核心技术、技术壁垒</td>
|
||||
<td class="px-4 py-3">在精确制导领域形成独有的核心技术和技术壁垒，生产能力居国内甚至世界前列（公司互动）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">国科军工</td>
|
||||
<td class="px-4 py-3"><span class="bg-blue-900 text-blue-300 text-xs px-2 py-1 rounded">智能弹药</span></td>
|
||||
<td class="px-4 py-3">导弹、安全与控制模块</td>
|
||||
<td class="px-4 py-3">多型主战装备的主用弹药、特种弹药及引信与智能控制产品</td>
|
||||
<td class="px-4 py-3">产品涵盖各种导弹、安全与控制模块，多型主战装备的主用弹药、特种弹药及引信与智能控制产品（公司互动）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">银河电子</td>
|
||||
<td class="px-4 py-3"><span class="bg-green-900 text-green-300 text-xs px-2 py-1 rounded">特种装备</span></td>
|
||||
<td class="px-4 py-3">合肥智行通无人化项目</td>
|
||||
<td class="px-4 py-3">特种装备领域、轮式/履带巡逻机器人、无人侦察复合机器人</td>
|
||||
<td class="px-4 py-3">公司本次收购的合肥智行通无人化项目主要应用于特种装备领域，已完成轮式/履带巡逻机器人、无人侦察复合机器人等产品研制（公司互动）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">捷强装备</td>
|
||||
<td class="px-4 py-3"><span class="bg-green-900 text-green-300 text-xs px-2 py-1 rounded">特种装备</span></td>
|
||||
<td class="px-4 py-3">三防系统</td>
|
||||
<td class="px-4 py-3">车载空调、第二代集防系统配套供应</td>
|
||||
<td class="px-4 py-3">与东风汽车特种装备事业部、铁马特种车签署战略合作协议，合作研发某型号车辆'三防'通用平台；首家研发生产车载三防专用空调，在第二代集防系统的配套供应上具有优势（公司公告）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">甘化科工</td>
|
||||
<td class="px-4 py-3"><span class="bg-green-900 text-green-300 text-xs px-2 py-1 rounded">特种装备</span></td>
|
||||
<td class="px-4 py-3">特种电源、预制破片</td>
|
||||
<td class="px-4 py-3">军工行业、高性能特种合金材料制品</td>
|
||||
<td class="px-4 py-3">主要产品为特种电源、预制破片等军工产品，电源类产品及高性能特种合金材料制品主要应用于军工行业（公司互动）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">新光光电</td>
|
||||
<td class="px-4 py-3"><span class="bg-green-900 text-green-300 text-xs px-2 py-1 rounded">特种装备</span></td>
|
||||
<td class="px-4 py-3">激光防御系统</td>
|
||||
<td class="px-4 py-3">反射式、透射式产品、无人机跟踪能力及毁伤效果</td>
|
||||
<td class="px-4 py-3">公司围绕轻小型激光防御系统研发了多款产品，其中两款反射式、一款透射式，并经过了大量的外场测试，验证了系统对小型无人机的跟踪能力及毁伤效果（公司互动）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">泰豪科技</td>
|
||||
<td class="px-4 py-3"><span class="bg-green-900 text-green-300 text-xs px-2 py-1 rounded">特种装备</span></td>
|
||||
<td class="px-4 py-3">高性能内装涂料、伪装网、隐身结构复合材料</td>
|
||||
<td class="px-4 py-3">伪装遮障领域</td>
|
||||
<td class="px-4 py-3">参股子公司上海戎科特种装备主要从事高性能内装涂料、伪装网、隐身结构复合材料、电磁波辐射兼容材料等业务，在伪装遮障领域具有一定竞争优势（公司互动）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">中船应急</td>
|
||||
<td class="px-4 py-3"><span class="bg-green-900 text-green-300 text-xs px-2 py-1 rounded">特种装备</span></td>
|
||||
<td class="px-4 py-3">特种装备股份</td>
|
||||
<td class="px-4 py-3">中船双瑞（洛阳）特种装备股份有限公司</td>
|
||||
<td class="px-4 py-3">与中船双瑞（洛阳）特种装备股份有限公司有同一实控人（公司公告）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">内蒙一机</td>
|
||||
<td class="px-4 py-3"><span class="bg-yellow-900 text-yellow-300 text-xs px-2 py-1 rounded">装甲力量</span></td>
|
||||
<td class="px-4 py-3">履带及轮式装甲车辆、铁路货车及零部件</td>
|
||||
<td class="px-4 py-3">装甲车辆、铁路货车</td>
|
||||
<td class="px-4 py-3">主要业务是履带及轮式装甲车辆、铁路货车及相关零部件的研发产销（公司互动）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">北方长龙</td>
|
||||
<td class="px-4 py-3"><span class="bg-yellow-900 text-yellow-300 text-xs px-2 py-1 rounded">装甲力量</span></td>
|
||||
<td class="px-4 py-3">军事装备领域</td>
|
||||
<td class="px-4 py-3">电子信息、装甲战斗、装甲保障等轮式、履带车辆主战装备</td>
|
||||
<td class="px-4 py-3">专注于军事装备领域，产品广泛应用于电子信息、装甲战斗、装甲保障等轮式、履带车辆主战装备（公司互动）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">雷科防务</td>
|
||||
<td class="px-4 py-3"><span class="bg-purple-900 text-purple-300 text-xs px-2 py-1 rounded">精确打击</span></td>
|
||||
<td class="px-4 py-3">智能控制业务群</td>
|
||||
<td class="px-4 py-3">智能控制业务群</td>
|
||||
<td class="px-4 py-3">制导相关产品属于公司智能控制业务群业务之一，2021年度智能控制业务群实现收入占比15.64%（公司互动）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">高德红外</td>
|
||||
<td class="px-4 py-3"><span class="bg-purple-900 text-purple-300 text-xs px-2 py-1 rounded">精确打击</span></td>
|
||||
<td class="px-4 py-3">红外核心器件、光电系统</td>
|
||||
<td class="px-4 py-3">红外导引、战机红外探测告警、夜视夜战、精确打击</td>
|
||||
<td class="px-4 py-3">已构建起从底层红外核心器件，到综合光电系统，再到顶层完整装备系统总体的全产业链科研生产布局，产品广泛用于红外导引、战机红外探测告警、夜视夜战、精确打击等国防领域（公司互动）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">北方导航</td>
|
||||
<td class="px-4 py-3"><span class="bg-purple-900 text-purple-300 text-xs px-2 py-1 rounded">精确打击</span></td>
|
||||
<td class="px-4 py-3">制导与控制、AI目标自主识别、光电探测与导引</td>
|
||||
<td class="px-4 py-3">军民两用产品、军事通信和智能集成</td>
|
||||
<td class="px-4 py-3">军民两用产品业务致力于围绕制导与控制、AI目标自主识别、光电探测与导引等8个专业技术体系，发展导航与控制、军事通信和智能集成连接3个产业生态（公司互动）</td>
|
||||
</tr>
|
||||
<tr class="border-b bg-gray-800 border-gray-700 table-row-hover">
|
||||
<td class="px-4 py-3 font-medium text-blue-300">晶品特装</td>
|
||||
<td class="px-4 py-3"><span class="bg-purple-900 text-purple-300 text-xs px-2 py-1 rounded">精确打击</span></td>
|
||||
<td class="px-4 py-3">火力打击载荷配备稳定转台及火力</td>
|
||||
<td class="px-4 py-3">精确打击</td>
|
||||
<td class="px-4 py-3">火力打击载荷配备稳定转台及火力，可实现精确打击（公司公告）</td>
|
||||
</tr>
|
||||
</tbody>
|
||||
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|
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|
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<!-- Header Section -->
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|
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<h1 class="text-4xl md:text-6xl font-orbitron font-bold tracking-widest uppercase glow-text text-cyan-300">
|
||||
地面兵装
|
||||
</h1>
|
||||
<p class="mt-4 text-lg text-slate-400">深度行业研究报告</p>
|
||||
<div class="mt-2 text-xs text-slate-500">
|
||||
<p>北京价值前沿科技有限公司 AI投研agent：“价小前投研”</p>
|
||||
<p>本报告为AI合成数据，投资需谨慎。</p>
|
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</div>
|
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</header>
|
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|
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<main class="space-y-12">
|
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|
||||
<!-- Insight Section -->
|
||||
<section id="insight" class="glass-card p-6 md:p-8">
|
||||
<h2 class="text-2xl font-bold font-orbitron text-cyan-400 mb-6">概念INSIGHT：深度综合分析</h2>
|
||||
|
||||
<div class="space-y-8 text-slate-300">
|
||||
<div>
|
||||
<h3 class="text-xl font-bold border-l-4 border-cyan-400 pl-4 mb-4">0. 概念事件</h3>
|
||||
<p>“地面兵装”概念在2024年末至2025年期间，由多重因素共同催化，从一个传统的军工子板块演变为市场高度关注的核心赛道。其发展脉络与关键事件包括：<strong class="text-cyan-400">地缘冲突重塑认知</strong>（俄乌、巴以冲突凸显远火、无人机重要性）、<strong class="text-rose-400">内部产业周期共振</strong>（“十四五”收官与“十五五”开局）、以及根本性的催化剂——<strong class="text-amber-400">两大兵器集团战略重组</strong>（2025年6月官方确认兵装集团防务资产并入兵器工业集团），引爆了市场对军工央企提质增效的强烈预期。</p>
|
||||
</div>
|
||||
|
||||
<div>
|
||||
<h3 class="text-xl font-bold border-l-4 border-cyan-400 pl-4 mb-4">1. 核心观点摘要</h3>
|
||||
<p>地面兵装概念已从传统的周期性板块，演变为由<strong class="text-cyan-400">“地缘冲突新范式”</strong>、<strong class="text-cyan-400">“国内装备现代化”</strong>和<strong class="text-cyan-400">“央企重组提效”</strong>三大核心逻辑驱动的高景气成长赛道。当前，板块正处于业绩兑现与估值重塑的共振阶段，其未来潜力取决于<strong class="text-rose-400">智能化、无人化</strong>等新质战斗力装备的放量速度，以及集团重组后带来的实际经营效率提升。</p>
|
||||
</div>
|
||||
|
||||
<div>
|
||||
<h3 class="text-xl font-bold border-l-4 border-cyan-400 pl-4 mb-4">2. 核心逻辑与市场认知分析</h3>
|
||||
<ul class="space-y-4 list-disc list-inside">
|
||||
<li><strong class="text-slate-100">核心驱动力：</strong><br>
|
||||
<span class="pl-4 block">- <strong class="text-cyan-400">需求侧：</strong>国际冲突验证了“高效费比装备支撑持久消耗”的新逻辑，叠加国内装备换代周期，订单爆发有据可依（兵器集团25年预计关联交易额增速<strong class="text-rose-400">+124.55%</strong>）。</span>
|
||||
<span class="pl-4 block">- <strong class="text-cyan-400">供给侧：</strong>短期逻辑为“低成本装备放量”，中长期主线为向“智能化、无人化”技术迭代。</span>
|
||||
<span class="pl-4 block">- <strong class="text-cyan-400">结构性变革：</strong>兵工与兵装重组是根本性催化剂，旨在“提升效率、避免内卷、做大做强”，从顶层设计打开行业天花板。</span>
|
||||
</li>
|
||||
<li><strong class="text-slate-100">市场热度与情绪：</strong><br>
|
||||
<span class="pl-4 block">市场情绪<strong class="text-rose-400">高度乐观</strong>，业绩数据持续超预期（Q3归母净利增速<strong class="text-rose-400">+111.94%</strong>）。但需警惕估值风险，板块PE(TTM)已达<strong class="text-amber-400">66.1倍</strong>，处于过去五年<strong class="text-amber-400">99.5%</strong>的历史高位分位数，已充分计价未来预期。</span>
|
||||
</li>
|
||||
<li><strong class="text-slate-100">预期差分析：</strong><br>
|
||||
<span class="pl-4 block">- <strong class="text-amber-400">“高增长” vs “盈利质量”：</strong>市场关注营收高增，但“低成本”战略可能影响毛利率，存在“增收不增利”风险。</span>
|
||||
<span class="pl-4 block">- <strong class="text-amber-400">“重组概念” vs “整合阵痛”：</strong>深度整合效果显现可能慢于市场预期。</span>
|
||||
<span class="pl-4 block">- <strong class="text-amber-400">“全面看好” vs “结构分化”：</strong>基金在Q3减仓<strong class="text-rose-400">内蒙一机</strong>，表明机构资金内部存在分歧，与分析师普遍看多形成鲜明对比。</span>
|
||||
</li>
|
||||
</ul>
|
||||
</div>
|
||||
|
||||
<div>
|
||||
<h3 class="text-xl font-bold border-l-4 border-cyan-400 pl-4 mb-4">3. 关键催化剂与未来发展路径</h3>
|
||||
<p class="mb-2"><strong class="text-slate-100">近期催化剂：</strong>“十四五”收官订单落地、集团重组实质性进展、重大军事活动展示、军贸大单突破。</p>
|
||||
<p><strong class="text-slate-100">长期发展路径：</strong>遵循“平台机械化 → 平台信息化 → 系统智能化/无人化”的演进路径。当前至2026年核心是<strong class="text-cyan-400">装备换装与消耗品放量</strong>；2026年后关键是<strong class="text-rose-400">智能化技术渗透与无人装备列装</strong>，形成陆空信一体化的多域作战体系。</p>
|
||||
</div>
|
||||
|
||||
<div>
|
||||
<h3 class="text-xl font-bold border-l-4 border-cyan-400 pl-4 mb-4">4. 产业链与核心公司深度剖析</h3>
|
||||
<p class="mb-4"><strong class="text-slate-100">核心玩家对比：</strong></p>
|
||||
<ul class="space-y-3 list-disc list-inside">
|
||||
<li><strong class="text-cyan-400">内蒙一机 (平台龙头):</strong> 最纯粹的装甲主机厂，垄断地位显著，军贸订单明确，但重资产属性导致业绩弹性可能偏低，且机构资金对其存在分歧。</li>
|
||||
<li><strong class="text-cyan-400">中兵红箭 (弹药核心):</strong> 弹药总装平台，成长性最被期待，产品高度契合现代战争消耗品属性，业绩指引激进（计划营收+90%），风险在于低成本战略可能侵蚀利润率。</li>
|
||||
<li><strong class="text-cyan-400">光电股份/北方导航 (智能化赋能者):</strong> 精确制导的“卖铲人”，技术壁垒高，受益于所有平台智能化升级，成长确定性强。</li>
|
||||
<li><strong class="text-cyan-400">晶品特装/建设工业 (未来奇兵):</strong> 无人化赛道探索者，代表行业最前沿方向，想象空间巨大，但业绩兑现尚需时间。</li>
|
||||
</ul>
|
||||
</div>
|
||||
|
||||
<div>
|
||||
<h3 class="text-xl font-bold border-l-4 border-cyan-400 pl-4 mb-4">5. 潜在风险与挑战</h3>
|
||||
<ul class="space-y-2 list-disc list-inside">
|
||||
<li><strong class="text-amber-400">估值过高风险：</strong>板块PE处于历史高位，已严重透支预期，对业绩兑现的容错率极低。</li>
|
||||
<li><strong class="text-amber-400">利润率风险：</strong>“低成本放量”逻辑下，企业能否维持利润率是关键考验。</li>
|
||||
<li><strong class="text-amber-400">军贸交付风险：</strong>地缘政治波动可能影响海外订单的执行和回款。</li>
|
||||
<li><strong class="text-amber-400">信息交叉验证风险：</strong>分析师普遍看好与机构实际减仓（内蒙一机）的矛盾，揭示了市场深层次的担忧。</li>
|
||||
</ul>
|
||||
</div>
|
||||
|
||||
<div>
|
||||
<h3 class="text-xl font-bold border-l-4 border-cyan-400 pl-4 mb-4">6. 综合结论与投资启示</h3>
|
||||
<p>地面兵装概念已进入<strong class="text-rose-400">基本面驱动阶段</strong>，高景气度有扎实数据支撑。然而，市场狂热与高估值意味着板块已进入“趋势博弈”，对后续基本面兑现要求极高。</p>
|
||||
<p class="mt-4"><strong class="text-slate-100">最具投资价值的细分方向：</strong></p>
|
||||
<ol class="space-y-2 list-decimal list-inside mt-2">
|
||||
<li><strong class="text-cyan-400">消耗性智能弹药：</strong>逻辑最硬、确定性最高的环节。核心标的如中兵红箭、长城军工。</li>
|
||||
<li><strong class="text-cyan-400">核心技术赋能环节(制导/光电)：</strong>技术壁垒高，通吃下游需求，利润结构更优。核心标的如光电股份、北方导航。</li>
|
||||
<li><strong class="text-cyan-400">无人化装备(长期视角)：</strong>最具颠覆性的长期方向，适合风险偏好高的前瞻性布局。核心标的如晶品特装、建设工业。</li>
|
||||
</ol>
|
||||
<p class="mt-4"><strong class="text-slate-100">需重点跟踪的关键指标：</strong>关联交易额、毛利率变化、军贸合同公告、重组后财务报表。</p>
|
||||
</div>
|
||||
</div>
|
||||
</section>
|
||||
|
||||
<!-- Supporting Data & Visualization -->
|
||||
<section id="data-visualization" class="bento-grid">
|
||||
<div class="glass-card p-6 md:p-8 bento-span-2">
|
||||
<h3 class="card-title text-xl font-orbitron text-cyan-400 mb-4">业绩增速指标</h3>
|
||||
<div id="performanceChart" style="width: 100%; height: 300px;"></div>
|
||||
</div>
|
||||
|
||||
<div x-data="{ open: false }" class="glass-card p-4">
|
||||
<div @click="open = !open" class="collapse-title text-xl font-orbitron text-cyan-400 cursor-pointer flex justify-between items-center">
|
||||
新闻数据摘要
|
||||
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|
||||
<li><strong class="text-cyan-400">市场表现强劲：</strong>板块多次走高，年初至今涨幅行业领先。</li>
|
||||
<li><strong class="text-cyan-400">前景看好：</strong>“十四五”末订单释放，“十五五”初新备货周期，国际局势驱动高景气。</li>
|
||||
<li><strong class="text-cyan-400">核心逻辑：</strong>短期为“低成本装备放量”，中长期为“智能化、无人化”。</li>
|
||||
<li><strong class="text-cyan-400">集团重组：</strong>兵装集团防务资产整体并入兵器工业集团，旨在提升效率，避免内卷。</li>
|
||||
<li><strong class="text-cyan-400">业绩验证：</strong>2025Q1板块营收增速9.77%，显著优于其他环节。</li>
|
||||
</ul>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<div x-data="{ open: false }" class="glass-card p-4">
|
||||
<div @click="open = !open" class="collapse-title text-xl font-orbitron text-cyan-400 cursor-pointer flex justify-between items-center">
|
||||
路演数据摘要
|
||||
<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6 transition-transform" :class="{'rotate-180': open}" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M19 9l-7 7-7-7" /></svg>
|
||||
</div>
|
||||
<div x-show="open" x-collapse class="collapse-content text-slate-300 pt-4">
|
||||
<ul class="space-y-2 list-disc list-inside">
|
||||
<li><strong class="text-cyan-400">业绩爆发：</strong>地面兵装2025H1是唯一利润同比正增板块，Q3净利增速达<strong class="text-rose-400">111.94%</strong>。</li>
|
||||
<li><strong class="text-cyan-400">技术方向：</strong>智能弹药、远程火箭炮是核心增量，精确制导是核心发展方向。</li>
|
||||
<li><strong class="text-cyan-400">核心标的：</strong>中兵红箭（弹药总装）、北方导航（制导）、内蒙一机（主机厂）、光电股份（光电）被频繁推荐。</li>
|
||||
<li><strong class="text-cyan-400">军贸驱动：</strong>我国远火军贸市占率全球第一，俄乌冲突后市场空间打开。</li>
|
||||
</ul>
|
||||
</div>
|
||||
</div>
|
||||
|
||||
<div x-data="{ open: false }" class="glass-card p-4 bento-span-2">
|
||||
<div @click="open = !open" class="collapse-title text-xl font-orbitron text-cyan-400 cursor-pointer flex justify-between items-center">
|
||||
研报数据摘要
|
||||
<svg xmlns="http://www.w3.org/2000/svg" class="h-6 w-6 transition-transform" :class="{'rotate-180': open}" fill="none" viewBox="0 0 24 24" stroke="currentColor"><path stroke-linecap="round" stroke-linejoin="round" stroke-width="2" d="M19 9l-7 7-7-7" /></svg>
|
||||
</div>
|
||||
<div x-show="open" x-collapse class="collapse-content text-slate-300 pt-4">
|
||||
<ul class="space-y-2 list-disc list-inside">
|
||||
<li><strong class="text-cyan-400">城市战新需求：</strong>现代巷战对装甲车辆的被动防护（侧面、顶部）、主动防御（反无人机）提出更高要求。</li>
|
||||
<li><strong class="text-cyan-400">技术革新方向：</strong>单兵信息化改造（智能头盔/步枪）、智能机器人、微型无人机是关键。</li>
|
||||
<li><strong class="text-cyan-400">军贸逻辑验证：</strong>远程火箭弹实战效果显著，带动军贸市场高景气，中国远火装备性能领先。</li>
|
||||
<li><strong class="text-cyan-400">业绩指引强劲：</strong>核心公司经营指引乐观，如中兵红箭（营收+90%）、光电股份（关联销售+241%）、内蒙一机（关联采购+138%）。</li>
|
||||
</ul>
|
||||
</div>
|
||||
</div>
|
||||
</section>
|
||||
|
||||
<!-- Rise Analysis Section -->
|
||||
<section id="rise-analysis" class="glass-card p-6 md:p-8">
|
||||
<h2 class="text-2xl font-bold font-orbitron text-cyan-400 mb-6">涨幅异动分析</h2>
|
||||
<div class="grid grid-cols-1 md:grid-cols-2 xl:grid-cols-3 gap-6">
|
||||
<!-- Data will be populated here -->
|
||||
<template x-for="item in riseData">
|
||||
<div class="p-4 border border-slate-700 rounded-2xl bg-slate-900/50">
|
||||
<div class="flex justify-between items-center mb-2">
|
||||
<h3 class="text-lg font-bold text-slate-100" x-text="item.stock + ' (' + item.stock_code + ')'"></h3>
|
||||
<span class="font-bold text-lg" :class="item.rise_rate > 0 ? 'text-red-400' : 'text-green-400'" x-text="item.rise_rate.toFixed(2) + '%'"></span>
|
||||
</div>
|
||||
<p class="text-xs text-slate-400 mb-3" x-text="'日期: ' + item.trade_date"></p>
|
||||
<div class="text-sm text-slate-300 prose prose-invert prose-sm max-w-none" x-html="item.reason"></div>
|
||||
</div>
|
||||
</template>
|
||||
</div>
|
||||
</section>
|
||||
|
||||
<!-- Stock Table Section -->
|
||||
<section id="stock-list" class="glass-card p-6 md:p-8">
|
||||
<h2 class="text-2xl font-bold font-orbitron text-cyan-400 mb-6">核心概念股列表</h2>
|
||||
<div class="overflow-x-auto">
|
||||
<table class="table table-zebra w-full">
|
||||
<thead>
|
||||
<tr class="text-base text-cyan-300">
|
||||
<th>股票名称</th>
|
||||
<th>股票代码</th>
|
||||
<th>核心逻辑</th>
|
||||
<th>细分领域</th>
|
||||
</tr>
|
||||
</thead>
|
||||
<tbody>
|
||||
<!-- Data will be populated here -->
|
||||
</tbody>
|
||||
</table>
|
||||
</div>
|
||||
</section>
|
||||
</main>
|
||||
</div>
|
||||
|
||||
<script>
|
||||
document.addEventListener('DOMContentLoaded', function () {
|
||||
// ECharts Initialization
|
||||
var chartDom = document.getElementById('performanceChart');
|
||||
var myChart = echarts.init(chartDom);
|
||||
var option;
|
||||
|
||||
option = {
|
||||
backgroundColor: 'transparent',
|
||||
tooltip: {
|
||||
trigger: 'axis',
|
||||
axisPointer: {
|
||||
type: 'shadow'
|
||||
},
|
||||
backgroundColor: 'rgba(23, 25, 40, 0.8)',
|
||||
borderColor: '#00ffff',
|
||||
textStyle: {
|
||||
color: '#e0e0e0'
|
||||
}
|
||||
},
|
||||
grid: {
|
||||
left: '3%',
|
||||
right: '4%',
|
||||
bottom: '3%',
|
||||
containLabel: true
|
||||
},
|
||||
xAxis: [
|
||||
{
|
||||
type: 'category',
|
||||
data: ['Q1营收增速', '兵装集团\n预计营收增速', 'Q3弹类\n净利增速', 'Q3板块\n净利增速', '兵装集团\n预计关联交易'],
|
||||
axisTick: {
|
||||
alignWithLabel: true
|
||||
},
|
||||
axisLabel: {
|
||||
color: '#a0a0a0'
|
||||
}
|
||||
}
|
||||
],
|
||||
yAxis: [
|
||||
{
|
||||
type: 'value',
|
||||
name: '增速 (%)',
|
||||
nameTextStyle: {
|
||||
color: '#a0a0a0'
|
||||
},
|
||||
axisLabel: {
|
||||
color: '#a0a0a0'
|
||||
},
|
||||
splitLine: {
|
||||
lineStyle: {
|
||||
color: 'rgba(255, 255, 255, 0.1)'
|
||||
}
|
||||
}
|
||||
}
|
||||
],
|
||||
series: [
|
||||
{
|
||||
name: '增速',
|
||||
type: 'bar',
|
||||
barWidth: '60%',
|
||||
data: [9.77, 47.85, 106.57, 111.94, 124.55],
|
||||
itemStyle: {
|
||||
color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [
|
||||
{ offset: 0, color: '#00ffff' },
|
||||
{ offset: 1, color: '#ff00ff' }
|
||||
])
|
||||
},
|
||||
emphasis: {
|
||||
itemStyle: {
|
||||
color: new echarts.graphic.LinearGradient(0, 0, 0, 1, [
|
||||
{ offset: 0, color: '#83bff6' },
|
||||
{ offset: 1, color: '#188df0' }
|
||||
])
|
||||
}
|
||||
}
|
||||
}
|
||||
]
|
||||
};
|
||||
myChart.setOption(option);
|
||||
|
||||
// Stock Data Population
|
||||
const stockData = [
|
||||
{ "stock": "中兵红箭", "reason": "公司在特种装备领域，未来产品结构中智能弹药的比重会有所增加", "其他标签": "智能弹药", "stock_code": "000519" },
|
||||
{ "stock": "长城军工", "reason": "将在信息化弹药研制上的优势，加速精确制导弹药、信息化智能化等装备的研发", "其他标签": "智能弹药", "stock_code": "601606" },
|
||||
{ "stock": "光电股份", "reason": "在精确制导导引头领域在行业内形成了独有的核心技术和技术壁垒，生产能力居国内甚至世界前列", "其他标签": "智能弹药", "stock_code": "600184" },
|
||||
{ "stock": "国科军工", "reason": "产品涵盖各种导弹、安全与控制模块，多型主战装备的主用弹药、特种弹药及其引信与智能控制产品", "其他标签": "智能弹药", "stock_code": "688543" },
|
||||
{ "stock": "内蒙一机", "reason": "主要业务是履带及轮式装甲车辆、铁路货车及相关零部件的研产销", "其他标签": "装甲力量", "stock_code": "600967" },
|
||||
{ "stock": "北方长龙", "reason": "专注于军事装备领域，产品广泛应用于电子信息、装甲战斗、装甲保障等轮式、履带车辆主战装备", "其他标签": "装甲力量", "stock_code": "301357" },
|
||||
{ "stock": "北方导航", "reason": "军民两用产品业务致力于围绕制导与控制、AI目标自主识别、光电探测与导引等8个专业技术体系发展", "其他标签": "精确打击", "stock_code": "600435" },
|
||||
{ "stock": "晶品特装", "reason": "火力打击载荷配备稳定转台及火力，可实现精确打击", "其他标签": "精确打击", "stock_code": "688084" },
|
||||
{ "stock": "高德红外", "reason": "已构建起从底层红外核心器件到顶层完整装备系统总体的全产业链，产品广泛用于红外制导、精确打击等领域", "其他标签": "精确打击", "stock_code": "002414" },
|
||||
{ "stock": "雷科防务", "reason": "制导相关产品属于公司智能控制业务群业务之一，2021年度智能控制业务群实现收入占比15.64%", "其他标签": "精确打击", "stock_code": "002413" },
|
||||
{ "stock": "银河电子", "reason": "收购的合肥智行通无人化项目主要应用于特种装备领域，目前已完成轮式/履带巡逻机器人、无人侦察复合机器人等产品研制", "其他标签": "特种装备", "stock_code": "002519" },
|
||||
{ "stock": "捷强装备", "reason": "合作研发某型号车辆“三防”通用平台；首家研发生产车载三防专用空调，在第二代集防系统的配套供应上具有优势", "其他标签": "特种装备", "stock_code": "300875" },
|
||||
{ "stock": "甘化科工", "reason": "主要产品为特种电源、预制破片等军工产品，电源类产品及高性能特种合金材料制品主要应用于军工行业", "其他标签": "特种装备", "stock_code": "000576" },
|
||||
{ "stock": "新光光电", "reason": "公司围绕轻小型激光防御系统研发了多款产品，验证了系统对小型无人机的跟踪能力及毁伤效果", "其他标签": "特种装备", "stock_code": "688011" },
|
||||
{ "stock": "泰豪科技", "reason": "参股公司从事高性能伪装涂料、伪装网、隐身结构复合材料等业务，在伪装遮障领域具有一定竞争优势", "其他标签": "特种装备", "stock_code": "600590" },
|
||||
];
|
||||
|
||||
const tableBody = document.querySelector('#stock-list tbody');
|
||||
stockData.forEach(stock => {
|
||||
const row = document.createElement('tr');
|
||||
row.className = 'hover';
|
||||
row.innerHTML = `
|
||||
<td class="font-bold text-slate-100">${stock.stock}</td>
|
||||
<td><a href="https://valuefrontier.cn/company?scode=${stock.stock_code}" target="_blank" class="text-cyan-400 hover:underline">${stock.stock_code}</a></td>
|
||||
<td>${stock.reason}</td>
|
||||
<td class="font-semibold">${stock['其他标签']}</td>
|
||||
`;
|
||||
tableBody.appendChild(row);
|
||||
});
|
||||
|
||||
// Rise Analysis Data for Alpine.js
|
||||
document.addEventListener('alpine:init', () => {
|
||||
Alpine.data('riseAnalysis', () => ({
|
||||
riseData: [
|
||||
{ "stock": "湖南天雁", "stock_code": "600698", "rise_rate": 10.04, "trade_date": "2025-06-30", "reason": "核心结论: 涨停源于“兵装集团汽车业务整体上市”重组预期发酵，叠加公司异常波动公告官方确认，形成消息-情绪-资金共振。<br><br><b>驱动概念:</b> 兵装重组+军工剥离+汽车资产注入" },
|
||||
{ "stock": "天秦装备", "stock_code": "300922", "rise_rate": 10.9, "trade_date": "2025-09-19", "reason": "核心结论: 大幅上涨是多重因素共同作用的结果：地面兵装/军工板块的技术性反弹需求；装备制造行业政策支持；机器人概念热度传导；资金面推动。<br><br><b>驱动概念:</b> 地面兵装+机器人+装备制造" },
|
||||
{ "stock": "建设工业", "stock_code": "002265", "rise_rate": 10.0, "trade_date": "2025-06-26", "reason": "核心结论: 涨停主要受兵工集团与兵装集团重组预期、大阅兵概念及智能制造等多重利好消息叠加推动。<br><br><b>驱动概念:</b> 兵工重组+大阅兵+智能机器" },
|
||||
{ "stock": "中光学", "stock_code": "002189", "rise_rate": 10.0, "trade_date": "2025-06-26", "reason": "核心结论: 涨停主要受兵装集团重组预期和军工行业向好驱动，叠加无人驾驶等概念热度助推。<br><br><b>驱动概念:</b> 兵装集团重组+无人驾驶+军工" },
|
||||
{ "stock": "华强科技", "stock_code": "688151", "rise_rate": 13.48, "trade_date": "2025-06-25", "reason": "核心结论: 上涨由控股股东兵装集团分立重组事件直接催化，并受兵装系及军工板块整体活跃带动。<br><br><b>驱动概念:</b> 兵装重组+军工防护+深海科技" },
|
||||
{ "stock": "东安动力", "stock_code": "600178", "rise_rate": 5.1, "trade_date": "2025-08-13", "reason": "核心结论: 上涨主要受兵装重组概念板块集体拉升带动，同时混合动力汽车市场增长消息形成行业利好。<br><br><b>驱动概念:</b> 兵装重组+混合动力+汽车零部件" }
|
||||
]
|
||||
}));
|
||||
|
||||
// Re-initialize the component to render the data
|
||||
const riseAnalysisSection = document.getElementById('rise-analysis');
|
||||
riseAnalysisSection.setAttribute('x-data', 'riseAnalysis');
|
||||
Alpine.initTree(riseAnalysisSection);
|
||||
});
|
||||
|
||||
});
|
||||
</script>
|
||||
</script>
|
||||
</body>
|
||||
</html>
|
||||
```
|
||||
</html>
|
||||
Reference in New Issue
Block a user