【中航证券】军工行业周报：三季度展望-250711（40页）.pdf

1、 2 010-59219558 010-59562637 1 ”-30%-20%-10%0%10%20%30%40%50%24-0724-0924-1225-0225-0425-07300 ”.1 -40%-20%0%20%40%60%2022H12022H22023H12023H22024H12024H22025H1近一年来估值贡献为主估值贡献及业绩因素共同主要驱动 1 2 1 3 2 4 5 3 6 2 3 7 4 /1 8 2 9 10 1 688186.SH 2.00 2.00 367.51%367.51%2 001270.SZ*ST 0.48 0.66 297.67%371.80%3

2、 600435.SH 1.05 1.20 241.48%261.69%4 601989.SH 15.00 18.00 181.09%237.30%5 688103.SH 0.34 0.38 130.91%158.08%6 600150.SH 28.00 31.00 98.25%119.49%7 001696.SZ 4.79 5.64 70.00%100.00%8 600482.SH 8.00 11.50 68.28%141.90%9 603678.SH 2.47 2.80 50.36%70.45%10 002171.SZ 2.40 2.90 42.35%72.00%11 600501.SH -

3、0.80-0.80 35.04%35.04%12 601606.SH -0.30-0.25 25.55%36.91%13 600378.SH 5.90 6.50 10.00%21.18%14 002413.SZ -0.60-0.40 9.67%39.78%15 600765.SH 4.87 4.87-33.29%-33.29%16 002935.SZ 0.08 0.09-50.19%-43.07%17 601698.SH 1.80 1.80-56.00%-56.00%18 000818.SZ 0.13 0.18-60.58%-45.42%19 002254.SZ 0.25 0.35-78.72

4、%-70.21%20 002465.SZ 0.02 0.03-98.98%-98.47%21 603261.SH*ST-0.57-0.41-134.97%-69.02%22 002977.SZ -0.12-0.06-205.81%-153.30%23 000519.SZ -0.58-0.30-230.07%-167.28%24 600399.SH -3.00-2.60-231.60%-214.06%25 600118.SH -0.41-0.21-584.71%-349.41%26 688186.SH 2.00 2.00 367.51%367.51%Wind 11 5 1 2 3 4 5 6 7 8 9 10 11 12 0%1%2%3%4%5%6%7%01,0002,0003,0004,0005,0002021/01/012022/01/012023/01/012024/01/012025/01/01 13 14 15 16 12 0%1%2%3%4%5%6%02004006008001,0001,200 13 14 15 16 17 +-+-+-+-+1.2.3.4.5.