Analysis of Strong Performance of Guobo Electronics (688375): Driving Factors and Sustainability Assessment

Guobo Electronics (688375) is a STAR Market listed company, mainly engaged in active phased array T/R modules and RF integrated circuits, applied in military (missiles, aircraft) and civilian (base station RF, 5G-A/6G) fields, backed by China Electronics Technology Group (CETC), with technical advantages in the RF semiconductor field [0].

• Dual-wheel drive of industry demand
  : The development of military satellite communication and commercial aerospace increases the demand for T/R modules, and the iteration of 5G-A/6G technology drives the growth of the RF chip market, providing long-term demand support for the company [1][2].
• Shareholder and technical background
  : As an enterprise under CETC, Guobo Electronics has strong technical accumulation and resource advantages in the RF semiconductor field, establishing its leading position in the industry [0][1].
• High institutional recognition
  : More than 10 institutions have given ratings, and securities firms such as Guohai Securities are optimistic about its performance potential brought by the recovery of orders in special fields and the growth of commercial aerospace demand [2].
• Sector sentiment drive
  : Recently, the semiconductor and AI chip sectors have been strong overall, and the industry heat transfer has promoted the stock price performance of Guobo Electronics [3][4].

• Fundamentals
  : The company has a balanced layout of military and civilian businesses, benefiting from the dual cycles of national defense informatization and communication technology upgrading, with clear long-term growth logic [1][2].
• Technical aspects
  : Due to price tool restrictions, real-time K-line and trading volume data cannot be provided, but according to the event description of “entering the strong stock pool”, it indicates that the stock price has increased significantly in the short term, or accompanied by an increase in trading volume [0].

• The strong performance of Guobo Electronics is the result of the resonance of industry trends and company fundamentals, rather than a single factor driving.
• The CETC background brings technical barriers and resource support to the company, making it have advantages in competition.
• The intensive attention of institutions reflects the expectation for the company’s future performance growth, enhancing market confidence.

• Military product business risk
  : Military demand is affected by policies and geopolitics, and order stability is uncertain [1].
• Civilian business risk
  : The advancement speed of 5G-A/6G technology may be slower than expected, affecting the expansion of the civilian market [1].
• Industry competition risk
  : Competition in the RF semiconductor field intensifies, which may compress the company’s profit space [1].

• The continuous advancement of national defense informatization construction increases the demand for military RF modules.
• The iteration of 5G-A/6G technology brings new market demand, and the company, as a leader, is expected to benefit.