Leike Defense Continuous Limit-Up Analysis: Driven by Satellite IoT Policy Catalysts and Military Sector Prosperity

This analysis is based on Tushare’s limit-up pool data [0]. Leike Defense (002413) rose by 10.05% to hit the limit-up on November 25, 2025, achieving two consecutive limit-ups with a closing price of 7.01 yuan [8]. The limit-ups are mainly driven by policy catalysts for the commercialization of satellite IoT [3] and the recovery of military sector prosperity [0]. The company issued an abnormal fluctuation announcement due to a cumulative deviation of over 20% in its share price over three consecutive trading days [2]. The sealing capital reached 443 million yuan [0], indicating high market attention.

Leike Defense was founded in December 2002, mainly engaged in radar systems, satellite applications, secure storage, and intelligent connected businesses [1]. In the first half of 2025, it achieved operating revenue of 542 million yuan, a year-on-year increase of 9.77%; while the net profit attributable to shareholders was -41.6721 million yuan, it improved by 37.27% year-on-year [0]. In terms of business revenue composition, radar systems accounted for 33.48%, intelligent control for 29.83%, and satellite applications for 20.92% [0].

On November 25, Leike Defense rose by 10.05% to reach 7.01 yuan per share, achieving two consecutive limit-ups [8]. Dragon and Tiger List data shows that GF Securities Taizhou Donghai Boulevard net bought 137 million yuan [4], and the sealing capital was 443 million yuan [0], with large funds actively intervening.

1. Policy Catalysts
   : News of the commercialization of satellite IoT stimulated the collective rise of the aerospace satellite sector [3], and Leike Defense, as a satellite application concept stock, benefited significantly.
2. Industry Prosperity
   : The military sector was overall strong in 2025, with many stocks in the communication equipment industry hitting limit-ups on the same day, showing obvious sector effects [0].

The company’s cumulative deviation in share price increased by over 20% over three consecutive trading days (November 21, 24, and 25), and it issued a stock trading abnormal fluctuation announcement on November 25 [2].

1. Cross-domain Collaboration
   : The superposition of satellite IoT policies and military sector prosperity has become the core factor driving the rise in share prices, reflecting the integration trend of emerging technologies and the traditional military industry [0][3].
2. Capital Attention
   : Large sealing capital and net buying data from the Dragon and Tiger List show that institutional investors are optimistic about the prospects of the company’s satellite application field [4].
3. Performance Improvement Expectations
   : Although the net profit is still negative, it has improved significantly year-on-year, and the market has certain expectations for future turnaround to profitability [0].

: Short-term share price volatility risks have intensified, and there may be pressure from profit-taking after the abnormal fluctuation announcement is released [2].
: As a trillion-level track, satellite IoT’s layout in the company’s satellite applications is expected to benefit from the long-term development of the industry [3].

Leike Defense’s recent limit-ups are mainly driven by satellite IoT policy catalysts and military sector prosperity, with high capital attention. Investors need to pay attention to short-term volatility risks, while also focusing on the long-term development opportunities of the satellite application industry. This report does not constitute investment advice.