809 lines
34 KiB
HTML
809 lines
34 KiB
HTML
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<!DOCTYPE html>
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<html lang="zh-CN">
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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>国防军工行业深度洞察报告</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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<link href="https://unpkg.com/@coreui/icons@3.0.1/css/all.min.css" 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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<!-- DaisyUI -->
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<link href="https://cdn.jsdelivr.net/npm/daisyui@5/dist/full.min.css" 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: #0f172a;
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color: #e2e8f0;
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background: linear-gradient(135deg, #0f172a 0%, #1e293b 100%);
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.table-military {
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backdrop-filter: blur(5px);
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.table-military th {
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left: 0;
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.section-title {
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display: inline-block;
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}
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.section-title::after {
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content: '';
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position: absolute;
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bottom: -8px;
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left: 0;
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width: 60px;
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height: 3px;
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background: #38bdf8;
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}
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.mermaid-container {
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background: rgba(30, 41, 59, 0.8);
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border-radius: 12px;
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.path-node {
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.opportunity-badge {
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background: rgba(34, 197, 94, 0.2);
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color: #4ade80;
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font-size: 0.875rem;
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display: inline-block;
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margin: 4px;
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</style>
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</head>
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<body class="gradient-bg">
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<div id="particles-js"></div>
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<div class="container mx-auto px-4 py-8 max-w-7xl">
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<!-- 标题部分 -->
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<div class="text-center mb-12">
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<h1 class="text-4xl md:text-5xl font-bold mb-4 highlight-text">国防军工行业深度洞察</h1>
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<p class="text-lg text-slate-300 max-w-3xl mx-auto">从"政策-订单-业绩"三重拐点看军工板块投资机会</p>
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<div class="mt-6 flex justify-center space-x-2">
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<span class="badge badge-primary">战略威慑</span>
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<span class="badge badge-secondary">军费增长</span>
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<span class="badge badge-accent">央企改革</span>
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<span class="badge badge-info">军贸扩张</span>
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</div>
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</div>
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<!-- 概念事件时间轴 -->
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<div class="card-military rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold mb-6 section-title">概念事件时间轴</h2>
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<div class="overflow-x-auto">
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<table class="table w-full table-military">
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<thead>
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<tr>
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<th>时间</th>
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<th>事件</th>
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<th>影响</th>
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</tr>
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</thead>
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<tbody>
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<tr>
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<td class="font-semibold text-cyan-400">2024-09-25</td>
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<td>火箭军向太平洋成功发射洲际弹道导弹（1980年以来第二次）</td>
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<td>战略威慑力展示，强化"百年强军"预期</td>
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</tr>
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<tr>
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<td class="font-semibold text-cyan-400">2024-10-21</td>
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<td>领导人视察火箭军某旅，强调"导弹/远火/军工电子"</td>
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<td>政策信号：订单即将落地</td>
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</tr>
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<tr>
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<td class="font-semibold text-cyan-400">2025-03-03</td>
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<td>欧洲军工股单日暴涨7.5%，英德宣布国防预算分别提至GDP 2.5%和4000亿欧元基金</td>
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<td>全球军费共振，映射A股军工估值</td>
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</tr>
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<tr>
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<td class="font-semibold text-cyan-400">2025-03-07</td>
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<td>两会定调2025年国防预算<strong>7.2%增速</strong>（17846亿元），装备费占比超45%</td>
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<td>财政刚性支撑，订单释放确定性</td>
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</tr>
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<tr>
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<td class="font-semibold text-cyan-400">2025-07-09</td>
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<td>中航工业董事长调整（程福波上任）</td>
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<td>央企改革预期升温，资产证券化加速</td>
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</tr>
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<tr>
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<td class="font-semibold text-cyan-400">2025-09-03</td>
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<td>阅兵预期（新域新质装备亮相）</td>
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<td>事件催化，板块情绪高点</td>
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</tr>
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</tbody>
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</table>
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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-military rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold mb-6 section-title">核心观点摘要</h2>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-6">
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<div class="bg-slate-800 bg-opacity-50 rounded-lg p-5 border-l-4 border-cyan-500">
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<h3 class="text-lg font-semibold mb-3 text-cyan-400">阶段判断</h3>
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<p class="text-slate-300">国防军工处于"政策-订单-业绩"三重拐点，2025年作为"十四五"收官年，订单回补+军贸扩张将驱动板块从主题炒作进入<strong class="text-cyan-300">基本面主升浪</strong>。</p>
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</div>
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<div class="bg-slate-800 bg-opacity-50 rounded-lg p-5 border-l-4 border-emerald-500">
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<h3 class="text-lg font-semibold mb-3 text-emerald-400">核心驱动力</h3>
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<p class="text-slate-300">全球军费共振（欧洲8000亿欧元计划）、国内装备费倾斜（占比45%+）、人事调整落地（反腐结束）、央企改革（中航电测注入成飞）。</p>
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</div>
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<div class="bg-slate-800 bg-opacity-50 rounded-lg p-5 border-l-4 border-violet-500">
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<h3 class="text-lg font-semibold mb-3 text-violet-400">未来潜力</h3>
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<p class="text-slate-300">军贸市占率提升（俄乌缺口+中东需求）+新域新质（无人机/卫星互联网/AI军工）打开<strong class="text-violet-300">十年成长空间</strong>。</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-military rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold mb-6 section-title">核心逻辑与市场认知分析</h2>
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<h3 class="text-xl font-semibold mb-4 text-cyan-400">核心驱动力拆解</h3>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-4 mb-6">
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<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
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<div class="flex items-center mb-2">
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<i class="fas fa-landmark text-cyan-400 mr-2"></i>
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<h4 class="font-semibold">政策端</h4>
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</div>
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<p class="text-sm text-slate-300">2025年国防预算<strong>7.2%增速</strong>（连续3年维持），装备费占比从2010年33%升至2024年45%，明确向"新质战斗力"（无人装备、导弹、卫星）倾斜。</p>
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</div>
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<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
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<div class="flex items-center mb-2">
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<i class="fas fa-clipboard-list text-emerald-400 mr-2"></i>
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<h4 class="font-semibold">订单端</h4>
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</div>
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<p class="text-sm text-slate-300">2024Q4起空军/陆军订货会完成，导弹总体院所2025年产值规划<strong>+130%</strong>，产业链24/7满产（航天电器/菲利华订单创历史新高）。</p>
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</div>
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<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
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<div class="flex items-center mb-2">
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<i class="fas fa-sync-alt text-violet-400 mr-2"></i>
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<h4 class="font-semibold">改革端</h4>
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</div>
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<p class="text-sm text-slate-300">中航工业、中国船舶等央企资产证券化率仅15%-30%，<strong>洪都航空/中航电测</strong>等体外资产注入预期强烈。</p>
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</div>
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</div>
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<h3 class="text-xl font-semibold mb-4 text-cyan-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 mb-6">
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<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
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<div class="flex items-center mb-2">
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<i class="fas fa-file-alt text-amber-400 mr-2"></i>
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<h4 class="font-semibold">研报密度</h4>
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</div>
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<p class="text-sm text-slate-300">2024年10月以来，<strong>中信/华泰/中金等8家券商</strong>密集发布军工策略，关键词从"反腐"转向"订单落地"。</p>
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</div>
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<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
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<div class="flex items-center mb-2">
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<i class="fas fa-chart-line text-rose-400 mr-2"></i>
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<h4 class="font-semibold">资金动向</h4>
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</div>
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<p class="text-sm text-slate-300">2024Q4基金军工持仓<strong>2.55%</strong>（环比+0.1pct），<strong>航发动力</strong>取代中航沈飞成为第一大重仓股，显示机构从"主题"转向"业绩"。</p>
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</div>
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</div>
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<h3 class="text-xl font-semibold mb-4 text-cyan-400">预期差分析</h3>
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<div class="overflow-x-auto">
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<table class="table w-full table-military">
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<thead>
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<tr>
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<th>市场共识</th>
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<th>潜在预期差</th>
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<th>数据来源</th>
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</tr>
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</thead>
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<tbody>
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<tr>
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<td>"十四五"订单延迟</td>
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<td><strong>2025年Q2起集中交付</strong>（导弹/航发产能利用率>90%）</td>
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<td>中金军工策03期</td>
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</tr>
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<tr>
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<td>军贸仅限亚非拉</td>
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<td><strong>欧洲缺口</strong>：俄乌冲突后俄制装备断供，中国导弹/无人机性价比优势显著</td>
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<td>浙商军工海外映射</td>
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</tr>
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<tr>
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<td>军工电子降价压制利润</td>
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<td><strong>2025年审价结束</strong>（价格收敛），规模效应抵消降价</td>
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<td>财通军工中报总结</td>
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</tr>
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</tbody>
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</table>
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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-military rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold mb-6 section-title">关键催化剂与未来发展路径</h2>
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<h3 class="text-xl font-semibold mb-4 text-cyan-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 mb-8">
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<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
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<div class="flex items-center mb-2">
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<i class="fas fa-shipping-fast text-cyan-400 mr-2"></i>
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<h4 class="font-semibold">订单落地</h4>
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</div>
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<p class="text-sm text-slate-300">2025年Q2导弹/航发产业链交付高峰（<strong>北方导航/航发动力</strong>业绩验证）。</p>
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</div>
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<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
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<div class="flex items-center mb-2">
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<i class="fas fa-exchange-alt text-emerald-400 mr-2"></i>
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<h4 class="font-semibold">改革催化</h4>
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</div>
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<p class="text-sm text-slate-300">中航电测成飞注入方案落地（预计2025年H1）。</p>
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</div>
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<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
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<div class="flex items-center mb-2">
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<i class="fas fa-calendar-alt text-violet-400 mr-2"></i>
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<h4 class="font-semibold">事件驱动</h4>
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</div>
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<p class="text-sm text-slate-300">9月3日阅兵（<strong>中航西飞/洪都航空</strong>新型号亮相）。</p>
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</div>
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</div>
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<h3 class="text-xl font-semibold mb-4 text-cyan-400">长期路径（2025-2030）</h3>
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<div class="mermaid-container">
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<div class="flex flex-col items-center">
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<div class="path-node">2025:十四五收官</div>
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<div class="h-8 w-0.5 bg-cyan-500 my-2"></div>
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<div class="path-node">订单回补+军贸0-1</div>
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<div class="h-8 w-0.5 bg-cyan-500 my-2"></div>
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<div class="path-node">2026-2027:十五五规划</div>
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<div class="h-8 w-0.5 bg-cyan-500 my-2"></div>
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<div class="path-node">新域新质放量:无人机/卫星互联网</div>
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<div class="h-8 w-0.5 bg-cyan-500 my-2"></div>
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<div class="path-node">2028-2030:全球军贸市占率30%+</div>
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</div>
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</div>
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</div>
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<!-- 产业链与核心公司深度剖析 -->
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<div class="card-military rounded-xl p-6 mb-8">
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<h2 class="text-2xl font-bold mb-6 section-title">产业链与核心公司深度剖析</h2>
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<h3 class="text-xl font-semibold mb-4 text-cyan-400">产业链图谱</h3>
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<div class="grid grid-cols-1 md:grid-cols-3 gap-4 mb-6">
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<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
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<h4 class="font-semibold mb-3 text-cyan-400">上游</h4>
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<p class="text-sm text-slate-300 mb-2">材料（<strong>菲利华</strong>-石英纤维/ <strong>西部超导</strong>-钛合金）+元器件（<strong>航天电器</strong>-连接器）</p>
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</div>
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<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
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<h4 class="font-semibold mb-3 text-emerald-400">中游</h4>
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<p class="text-sm text-slate-300 mb-2">分系统（<strong>中航光电</strong>-航电/ <strong>国博电子</strong>-雷达）</p>
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</div>
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<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
|
||
<h4 class="font-semibold mb-3 text-violet-400">下游</h4>
|
||
<p class="text-sm text-slate-300 mb-2">主机厂（<strong>中航沈飞</strong>-歼击机/ <strong>航发动力</strong>-发动机）+军贸（<strong>中无人机</strong>-翼龙系列）</p>
|
||
</div>
|
||
</div>
|
||
|
||
<h3 class="text-xl font-semibold mb-4 text-cyan-400">核心玩家对比</h3>
|
||
<div class="overflow-x-auto mb-6">
|
||
<table class="table w-full table-military">
|
||
<thead>
|
||
<tr>
|
||
<th>公司</th>
|
||
<th>业务纯度</th>
|
||
<th>2025E订单弹性</th>
|
||
<th>风险点</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">中航沈飞</td>
|
||
<td>歼击机100%</td>
|
||
<td>歼-35批产（FC-31军贸版）</td>
|
||
<td>新机型研制延迟</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">航发动力</td>
|
||
<td>发动机垄断</td>
|
||
<td>太行系列放量+维修市场</td>
|
||
<td>产能爬坡不及预期</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">北方导航</td>
|
||
<td>远火制导系统</td>
|
||
<td>陆军换装需求爆发</td>
|
||
<td>竞争加剧（航天科工）</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">中无人机</td>
|
||
<td>军贸无人机</td>
|
||
<td>中东订单（沙特/阿联酋）</td>
|
||
<td>地缘政治风险</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
||
</div>
|
||
|
||
<h3 class="text-xl font-semibold mb-4 text-cyan-400">验证与证伪</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-2 gap-4">
|
||
<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
|
||
<h4 class="font-semibold mb-2 text-emerald-400">数据印证</h4>
|
||
<p class="text-sm text-slate-300">2024Q2<strong>航发动力</strong>合同负债<strong>+15%</strong>（订单前置），<strong>菲利华</strong>毛利率<strong>+3pct</strong>（规模效应）。</p>
|
||
</div>
|
||
<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
|
||
<h4 class="font-semibold mb-2 text-rose-400">矛盾点</h4>
|
||
<p class="text-sm text-slate-300">长城军工2025年PB<strong>5.4倍</strong>（行业4.65倍），但业绩亏损，提示<strong>高估值无基本面支撑</strong>风险。</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 潜在风险与挑战 -->
|
||
<div class="card-military rounded-xl p-6 mb-8">
|
||
<h2 class="text-2xl font-bold mb-6 section-title">潜在风险与挑战</h2>
|
||
<div class="flex flex-wrap gap-2">
|
||
<div class="risk-badge"><i class="fas fa-microchip mr-1"></i> 技术风险：高超音速导弹（中兵红箭）需突破热防护材料瓶颈</div>
|
||
<div class="risk-badge"><i class="fas fa-plane mr-1"></i> 商业化风险：eVTOL（亿航智能）适航认证进度低于预期</div>
|
||
<div class="risk-badge"><i class="fas fa-ban mr-1"></i> 政策风险：军贸出口管制（如无人机技术限制）</div>
|
||
<div class="risk-badge"><i class="fas fa-exclamation-triangle mr-1"></i> 信息矛盾：浙商/华泰均推荐中航西飞，但2024H1主机厂营收-6.3%（需Q3验证交付节奏）</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 综合结论与投资启示 -->
|
||
<div class="card-military rounded-xl p-6 mb-8">
|
||
<h2 class="text-2xl font-bold mb-6 section-title">综合结论与投资启示</h2>
|
||
|
||
<div class="mb-6">
|
||
<h3 class="text-xl font-semibold mb-3 text-cyan-400">阶段判断</h3>
|
||
<p class="text-slate-300">从"反腐+降价"主题炒作（2022-2023）转向"订单+改革"基本面驱动（2024Q4起）。</p>
|
||
</div>
|
||
|
||
<div class="mb-6">
|
||
<h3 class="text-xl font-semibold mb-3 text-cyan-400">高价值方向</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
|
||
<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
|
||
<h4 class="font-semibold mb-2 text-cyan-400">导弹产业链</h4>
|
||
<p class="text-sm text-slate-300 mb-2"><strong>北方导航</strong>（制导系统）+<strong>菲利华</strong>（材料）——订单弹性最大</p>
|
||
</div>
|
||
<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
|
||
<h4 class="font-semibold mb-2 text-emerald-400">军贸赛道</h4>
|
||
<p class="text-sm text-slate-300 mb-2"><strong>中无人机</strong>（中东订单）+<strong>洪都航空</strong>（L15教练机出口）</p>
|
||
</div>
|
||
<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
|
||
<h4 class="font-semibold mb-2 text-violet-400">改革标的</h4>
|
||
<p class="text-sm text-slate-300 mb-2"><strong>中航电测</strong>（成飞注入）+<strong>中国海防</strong>（船舶电子资产整合）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<div>
|
||
<h3 class="text-xl font-semibold mb-3 text-cyan-400">跟踪指标</h3>
|
||
<div class="grid grid-cols-1 md:grid-cols-3 gap-4">
|
||
<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
|
||
<div class="flex items-center mb-2">
|
||
<i class="fas fa-chart-line text-cyan-400 mr-2"></i>
|
||
<h4 class="font-semibold">月度订单</h4>
|
||
</div>
|
||
<p class="text-sm text-slate-300">航天电器/菲利华月度订单环比增速（验证产业链景气）</p>
|
||
</div>
|
||
<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
|
||
<div class="flex items-center mb-2">
|
||
<i class="fas fa-globe-asia text-emerald-400 mr-2"></i>
|
||
<h4 class="font-semibold">军贸数据</h4>
|
||
</div>
|
||
<p class="text-sm text-slate-300">2025年迪拜航展中国无人机签约金额（验证出口逻辑）</p>
|
||
</div>
|
||
<div class="bg-slate-800 bg-opacity-40 p-4 rounded-lg">
|
||
<div class="flex items-center mb-2">
|
||
<i class="fas fa-file-contract text-violet-400 mr-2"></i>
|
||
<h4 class="font-semibold">改革进度</h4>
|
||
</div>
|
||
<p class="text-sm text-slate-300">中航电测重组批文（Q2关键节点）</p>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
</div>
|
||
|
||
<!-- 关联股票数据 -->
|
||
<div class="card-military rounded-xl p-6 mb-8">
|
||
<h2 class="text-2xl font-bold mb-6 section-title">关联股票数据</h2>
|
||
<div class="overflow-x-auto">
|
||
<table class="table w-full table-military">
|
||
<thead>
|
||
<tr>
|
||
<th>股票名称</th>
|
||
<th>行业/领域</th>
|
||
<th>项目/产品</th>
|
||
<th>产业链/分类</th>
|
||
<th>资质/客户</th>
|
||
<th>投资理由</th>
|
||
</tr>
|
||
</thead>
|
||
<tbody>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">华力创通</td>
|
||
<td>军工</td>
|
||
<td>军工导航产品、导航测试产品</td>
|
||
<td>惯性与组合导航产品</td>
|
||
<td>军工资质</td>
|
||
<td>公司拥有军工导航产品、导航测试产品，已获得军工资质，服务于军工装备市场。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">北方长龙</td>
|
||
<td>军事装备</td>
|
||
<td>非金属复合材料</td>
|
||
<td>研发、设计、生产、销售</td>
|
||
<td>-</td>
|
||
<td>专注于军事装备领域，从事非金属复合材料的研发与应用，提供军用车辆配套装备。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">光智科技</td>
|
||
<td>-</td>
|
||
<td>武器装备科研生产</td>
|
||
<td>-</td>
|
||
<td>武器装备科研生产资质</td>
|
||
<td>具备从事武器装备科研生产活动的资格。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">雷电微力</td>
|
||
<td>-</td>
|
||
<td>国防装备配套组件和分系统</td>
|
||
<td>-</td>
|
||
<td>军工集团下属科研院所、总体单位</td>
|
||
<td>承接军工集团下属单位的研制任务，提供国防装备配套组件。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">奥维通信</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>军工科研、生产、销售准入资质</td>
|
||
<td>已取得从事军品研发、生产、销售的准入资质。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">长城军工</td>
|
||
<td>-</td>
|
||
<td>弹药武器装备</td>
|
||
<td>-</td>
|
||
<td>迫击炮弹系列、光电对抗弹药系列、单兵火箭系列等</td>
|
||
<td>主要从事弹药武器装备的研发、生产和销售。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">长城电工</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>武器装备质量管理体系认证</td>
|
||
<td>子公司天水二一三电器拥有武器装备质量管理体系认证证书。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">华东重工</td>
|
||
<td>-</td>
|
||
<td>数控机床产品涉军工及配套</td>
|
||
<td>-</td>
|
||
<td>2022年8月29日互动易</td>
|
||
<td>数控机床产品部分客户涉及军工及相关配套行业。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">万方发展</td>
|
||
<td>-</td>
|
||
<td>军工企业收购</td>
|
||
<td>军工行业</td>
|
||
<td>-</td>
|
||
<td>收购哈尔滨铸鼎工大新材料科技有限公司40%股权，进入军工行业。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">观想科技</td>
|
||
<td>-</td>
|
||
<td>装备全寿命周期管理系统、智能武器装备管控模块</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>提供装备全寿命周期管理及智能武器装备管控相关软硬件产品。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">陕西华达</td>
|
||
<td>-</td>
|
||
<td>军品级电连接器及互连产品</td>
|
||
<td>-</td>
|
||
<td>导弹、预警机、舰艇等电子装备系统</td>
|
||
<td>产品应用于各类武器装备中的电子系统。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">中天火箭</td>
|
||
<td>-</td>
|
||
<td>固体火箭发动机复合材料</td>
|
||
<td>国内少数掌握核心技术企业</td>
|
||
<td>-</td>
|
||
<td>掌握固体火箭发动机复合材料核心技术。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">捷强装备</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>核化生防御装备研发重点企业</td>
|
||
<td>核化生防御装备核心零部件供应商</td>
|
||
<td>为军队核化生防御装备提供核心零部件。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">星网宇达</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>军品科研、生产、服务</td>
|
||
<td>军工"四证"</td>
|
||
<td>具备从事军品科研、生产、服务的全部资质。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">烽火电子</td>
|
||
<td>军用航空机载通信</td>
|
||
<td>电声器材</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>国内军用航空机载通信龙头，电声器材科研生产骨干。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">晨曦航空</td>
|
||
<td>-</td>
|
||
<td>航空惯性导航、航空发动机电子及无人机</td>
|
||
<td>-</td>
|
||
<td>军品形式销售，国内军方</td>
|
||
<td>主要产品为军民两用，现阶段以军品形式销售。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">新余国科</td>
|
||
<td>军用火工品</td>
|
||
<td>火工元件、火工装置</td>
|
||
<td>江西省首批军民融合企业</td>
|
||
<td>-</td>
|
||
<td>主要从事军用火工品研发、生产、销售。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">四创电子</td>
|
||
<td>军工雷达电子</td>
|
||
<td>-</td>
|
||
<td>中国电科集团旗下第38所上市平台</td>
|
||
<td>-</td>
|
||
<td>国内军工雷达电子主要供应商，雷达业务龙头。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">炼石航空</td>
|
||
<td>-</td>
|
||
<td>航空发动机单晶叶片</td>
|
||
<td>-</td>
|
||
<td>装备单位资格证书</td>
|
||
<td>子公司成都航宇超合金技术有限公司获得装备单位资格证书。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">宝塔实业</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>军工认证体系</td>
|
||
<td>具备完整军工认证体系。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">天和防务</td>
|
||
<td>-</td>
|
||
<td>新一代综合近程防御系统</td>
|
||
<td>低空近防、智能立体边海防、要地防空</td>
|
||
<td>-</td>
|
||
<td>以新一代综合近程防御系统为核心，推进多领域防御系统。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">中船应急</td>
|
||
<td>-</td>
|
||
<td>应急交通工程装备</td>
|
||
<td>研发、生产、销售</td>
|
||
<td>军工应急交通工程装备重要供应商</td>
|
||
<td>主营应急交通工程装备的研发、生产与销售。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">洪都航空</td>
|
||
<td>教练机生产</td>
|
||
<td>-</td>
|
||
<td>中国航空工业集团旗下主要生产商</td>
|
||
<td>资产整合预期</td>
|
||
<td>国内主要教练机生产商，存在资产整合预期。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">光启技术</td>
|
||
<td>-</td>
|
||
<td>军用超材料解决方案</td>
|
||
<td>研发、生产</td>
|
||
<td>超材料前沿技术</td>
|
||
<td>主营超材料前沿技术研究和军工超材料解决方案。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">声迅股份</td>
|
||
<td>-</td>
|
||
<td>无人机探测与反制系统</td>
|
||
<td>侦测、识别、测向、防御管控</td>
|
||
<td>-</td>
|
||
<td>推出无人机探测与反制系统，实现全系统态势感知。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">三维天地</td>
|
||
<td>-</td>
|
||
<td>检验检测信息化系统</td>
|
||
<td>-</td>
|
||
<td>军工领域客户</td>
|
||
<td>为军工客户提供检验检测信息化系统及数据资产管理。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">捷安高科</td>
|
||
<td>-</td>
|
||
<td>舰船类职业培训仿真系统</td>
|
||
<td>-</td>
|
||
<td>开设相关专业、中专院校、舰船驾驶类职业培训学校</td>
|
||
<td>舰船类产品面向相关教育及培训领域。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">佳缘科技</td>
|
||
<td>-</td>
|
||
<td>网络安全信息安全产品</td>
|
||
<td>-</td>
|
||
<td>军工收入77.89%</td>
|
||
<td>军工收入占比较高，提供网络安全信息安全产品。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">格尔软件</td>
|
||
<td>-</td>
|
||
<td>身份认证与数据安全应用平台</td>
|
||
<td>-</td>
|
||
<td>6大军工集团</td>
|
||
<td>身份认证与数据安全平台在6大军工集团实现应用。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">尤洛卡</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>轨道交通通讯服务、能源行业信息服务</td>
|
||
<td>矿山井下通讯、军工信息化服务</td>
|
||
<td>主营矿山井下通讯及军工信息化服务。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">新晨科技</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>军航空管信息化数据信息服务</td>
|
||
<td>为军航空管信息化数据信息服务领域提供服务。</td>
|
||
</tr>
|
||
<tr>
|
||
<td class="font-semibold text-cyan-400">南天信息</td>
|
||
<td>-</td>
|
||
<td>-</td>
|
||
<td>军工信息化</td>
|
||
<td>云南省工投软件技术开发有限责任公司收购</td>
|
||
<td>通过收购整合军工信息化技术、市场及人才资源。</td>
|
||
</tr>
|
||
</tbody>
|
||
</table>
|
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</div>
|
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|
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