Leike Defense (002413) Limit-Up Reason Analysis and 2025 Market Potential Evaluation

This report is based on the event from Tushare’s Limit-Up Pool [1] and analyzes the limit-up of Leike Defense (002413) today. The company mainly engages in national defense informatization-related businesses, benefiting from the boom in the national defense and military industry, low-altitude economy, and new-quality productive forces policy drivers, but there are potential risks such as performance realization [0].

Leike Defense’s main business covers five major business groups including radar systems, intelligent ammunition, and satellite applications [0]. Against the backdrop of global geopolitical tensions in 2025, China’s national defense budget has increased, driving the growth of demand for national defense informatization [0]. At the same time, the low-altitude economy is developing explosively, leading to an increase in demand for radar and navigation systems. The company’s technology can be expanded to civilian fields (such as security and autonomous driving), opening up growth space [0]. In addition, the company’s business direction is highly consistent with the national policy of “new-quality productive forces”, making it easy to be classified as a related concept stock by the market [0].

1. Cross-domain Collaboration
   : The combination of national defense technology and civilian low-altitude economy brings dual growth opportunities for military-civilian integration to the company.
2. Policy Resonance
   : The business layout deeply matches the “14th Five-Year Plan” national defense plan and the development direction of new-quality productive forces, with clear policy support.

• Industry Growth
  : The demand for national defense and military informatization is rising, and the low-altitude economy market is expanding [0].
• Policy Dividends
  : The national strategy promotes the development of independent and controllable technologies, and the company’s core business benefits [0].

• Performance Realization
  : There is a time cycle and uncertainty in converting orders into profits [0].
• Policy Dependence
  : Industry development is highly dependent on national defense budget and policy orientation [0].
• Market Volatility
  : High beta attributes are easily affected by market sentiment, and there may be large retracements during adjustments [0].

Leike Defense’s limit-up reflects the market’s positive expectations for its national defense informatization and military-civilian integration businesses. However, investors should rationally view the industry opportunities and potential risks, and pay attention to the company’s performance realization and policy dynamics.