Market Overview - The Shanghai Composite Index closed at 3876.74 points, above the six-month moving average, with a change of 0.17% [1] - The total trading volume of A-shares reached 1,352.099 billion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 151 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Xingchen Technology (21.97%) - Lude Medical (14.72%) - Suli Co., Ltd. (7.17%) [1] Stocks with Smaller Deviation Rates - Stocks with smaller deviation rates that have just crossed the six-month moving average include: - Huailong Co., Ltd. - Shihong Zhaoye - China Construction Bank [1] Detailed Stock Performance - The following stocks showed notable performance: - Xingchen Technology: +30.00% with a turnover rate of 37.59% and a latest price of 26.48 yuan [1] - Lude Medical: +18.92% with a turnover rate of 37.56% and a latest price of 12.07 yuan [1] - Suli Co., Ltd.: +9.99% with a turnover rate of 7.67% and a latest price of 20.36 yuan [1]

格隆汇12月10日丨振华风光(688439.SH)在投资者互动平台表示，公司作为国内高可靠模拟集成电路产 品的核心供应商之一，主要产品包括信号链及电源管理器等系列，广泛应用于高可靠领域。目前，公司 产品在航天领域具备一定适应性，部分产品已通过相关环境验证，暂无具体到太空算力方向的应用。未 来，公司将结合市场需求和技术发展趋势，持续优化资源配置，积极布局新兴领域的技术开发，以提升 核心竞争力。 ...

格隆汇12月10日丨振华风光(688439.SH)在投资者互动平台表示，公司在民用航天领域的布局主要依托 高可靠集成电路技术优势，聚焦信号链及电源管理器等系列产品的研发与应用。公司已形成抗辐照高可 靠放大器、精密仪表放大器、辐照级R/D转换器等近20款产品，抗辐照总剂量提升至100krad(Si)以上， 其中多款产品入选商业卫星选用目录并形成订单。核心产品涵盖放大器、专用转换器、系统集成封装电 路及抗辐照器件等完整谱系，部分产品已通过用户验证并应用。未来，随着商业航天战略推进及商业卫 星组网需求增长，公司将持续深化在商业航天、低轨卫星等领域的研发与客户拓展。 ...

格隆汇12月10日丨振华风光(688439.SH)在投资者互动平台表示，公司作为国内高可靠模拟集成电路产 品的核心供应商之一，主要产品包括信号链及电源管理器等系列，广泛应用于高可靠领域。目前，公司 产品在航天领域具备一定适应性，部分产品已通过相关环境验证，暂无具体到太空算力方向的应用。未 来，公司将结合市场需求和技术发展趋势，持续优化资源配置，积极布局新兴领域的技术开发，以提升 核心竞争力。 ...

证券日报网讯 12月4日，振华风光在互动平台回答投资者提问时表示，公司高度重视市值管理，专注主 业发展，优化产品结构，积极布局RISC-V微控制器、射频微波等新产品，并积极拓展商业航天、无人 机等新兴领域，不断提升盈利能力和核心竞争力，积极推动公司价值与市值均衡发展。公司认真学习证 监会发布的《市值管理指引》，结合公司实际情况，以提升公司投资价值、增强投资者回报为目标、强 化投资者沟通。公司控股股东及实际控制人始终通过公司治理机制支持企业发展，未来将持续推进科技 创新与市场开拓，促进市场价值与内在价值匹配。 （文章来源：证券日报） ...

证券日报网讯12月4日，振华风光在互动平台回答投资者提问时表示，当前公司财务状况稳健，总资产 规模持续增长，经营活动正有序推进。 ...

格隆汇12月4日丨振华风光(688439.SH)在投资者互动平台表示，公司高度重视市值管理，专注主业发 展，优化产品结构，积极布局RISC-V微控制器、射频微波等新产品，并积极拓展商业航天、无人机等 新兴领域，不断提升盈利能力和核心竞争力，积极推动公司价值与市值均衡发展。 公司认真学习证监 会发布的《市值管理指引》，结合公司实际情况，以提升公司投资价值、增强投资者回报为目标、强化 投资者沟通。 ...

Core Insights - The Aerospace ETF Tianhong (159241) has shown strong market activity with a turnover of 13.94% and a transaction volume of 73.73 million yuan as of November 28, 2025, outperforming its peers [1] - The CN5082 index tracking the aerospace industry has increased by 1.42%, with notable gains from constituent stocks such as Yaguang Technology (300123) up 13.48%, Aerospace Development (000547) up 10.02%, and Guanglian Aviation (300900) up 6.23% [1] - Over the past 22 trading days, the Aerospace ETF Tianhong has attracted a total of 81.1455 million yuan [1] Product Highlights - The Aerospace ETF Tianhong (159241) effectively captures thematic investment opportunities, aligning with popular themes such as low-altitude economy, large aircraft, and satellite internet, benefiting from both policy and market support [2] Hot Events 1. Beijing is accelerating the development of a space data center, with plans to build a large-scale data center system in the 700-800 km dawn-dusk orbit, aiming to transfer massive AI computing power to space [2] 2. The 2025 Asian General Aviation Exhibition concluded successfully in Zhuhai, showcasing over 170 aircraft and attracting participation from more than 380 companies across 22 countries and regions, with significant growth in exhibition scale compared to previous years [3] 3. China Aviation Engine Group signed cooperation agreements or intent procurement contracts for various general aviation engines totaling over 1 billion yuan during the exhibition [3] Institutional Views - Open Source Securities highlights the introduction of a three-year action plan for commercial aerospace, aiming for high-quality development by 2027, with the upcoming maiden flight of the Blue Arrow Aerospace Zhuque-3 reusable rocket and accelerated satellite internet constellation construction [3]

Core Viewpoint - The A-share market saw a significant rise in storage chip stocks on November 28, with multiple companies experiencing notable gains in their stock prices [1]. Group 1: Stock Performance - LeiKe Defense (雷科防务) reached a limit-up with a gain of 10.06%, bringing its total market value to 10.1 billion [2]. - HuiCheng Co., Ltd. (汇成股份) increased by 9.16%, with a total market capitalization of 13 billion [2]. - Jingyi Equipment (京仪装备) rose by 8.93%, achieving a market value of 16.1 billion [2]. - Shanghai Xinyang (上海新阳) saw a gain of 5.31%, with a market cap of 17.8 billion [2]. - Benhai Materials (本海道材) increased by 4.29%, with a total market value of 48 billion [2]. - JingSheng Co., Ltd. (晶升股份) rose by 4.21%, with a market capitalization of 4.893 billion [2]. - Aerospace Intelligent Equipment (航天智装) increased by 3.35%, with a market value of 18.4 billion [2]. - Kexiang Co., Ltd. (科翔股份) saw a gain of 3.26%, with a market cap of 6.963 billion [2]. - Zhenhua Wind Power (振华风光) increased by 3.28%, with a market value of 11.6 billion [2]. - Jiangbolong (江波龙) rose by 3.17%, achieving a market capitalization of 103.4 billion [2]. - Chengbang Co., Ltd. (诚邦股份) increased by 2.98%, with a market value of 4.014 billion [2]. - Baiwei Storage (佰维存储) rose by 3.05%, with a total market capitalization of 49.4 billion [2]. Group 2: Year-to-Date Performance - LeiKe Defense (雷科防务) has a year-to-date increase of 75.69% [2]. - HuiCheng Co., Ltd. (汇成股份) has risen by 70.56% year-to-date [2]. - Jingyi Equipment (京仪装备) has a year-to-date increase of 95.82% [2]. - Shanghai Xinyang (上海新阳) has risen by 53.52% year-to-date [2]. - Benhai Materials (本海道材) has a year-to-date increase of 24.27% [2]. - JingSheng Co., Ltd. (晶升股份) has risen by 26.44% year-to-date [2]. - Aerospace Intelligent Equipment (航天智装) has a year-to-date increase of 97.45% [2]. - Kexiang Co., Ltd. (科翔股份) has a year-to-date increase of 110.14% [2]. - Zhenhua Wind Power (振华风光) has risen by 13.42% year-to-date [2]. - Jiangbolong (江波龙) has a remarkable year-to-date increase of 186.81% [2]. - Chengbang Co., Ltd. (诚邦股份) has a year-to-date increase of 223.19% [2]. - Baiwei Storage (佰维存储) has risen by 70.91% year-to-date [2].

Core Viewpoint - The A-share market has seen a significant rise in storage chip stocks, indicating positive market sentiment in this sector [1] Group 1: Stock Performance - LeiKe Defense has reached the daily limit increase [1] - HuiCheng Co. has risen over 9% [1] - JingYi Equipment has increased by more than 8% [1] - Shanghai XinYang has gained over 5% [1] - HuaHai QingKe and JingSheng Co. have both risen over 4% [1] - Aerospace Intelligence and KeXiang Co. have increased by over 3% [1] - ZhenHua Wind Power, JiangBoLong, ChengBang Co., and BaiWei Storage have also seen gains of over 3% [1]