GPK电子 □BENBAOJIZHE OUYANGCHUNXIANG
ZHONGGUOZHENGQUANBAOJIZHECONGQUANWEIRENSHICHUHUOXI，YOUGUANBUMENZHENGZAIDUIWUQIZHUANGBEIKEYANSHENGCHANXUKEMULUJINXINGDIAOZHENG，XUKEFANWEIJIANGSUOXIAO。YOUYUXUKEMULUHEJUNGONGCHANPINMIANSHUIZHIJIEGUAGOU，GAIZHENGCEFABUHOUJIANGDUIJUNGONGPEITAOQIYECHANSHENGJIAODAYINGXIANG。BUGUO，YOUGUANBUMENZHENGZAIKAOLVZHIDINGPEITAOZHICHIZHENGCE。BIRU，QIYEJINXINGDAISHUICAIGOU，TONGGUOXIAOXIANGJINXIANGSHUIEDIKOU，JIANQINGSHUISHOUDUIQIYEYINGLIYINGXIANG。
从市场反应看，近日军工白马股中航光电、中航机电股价连续下跌。市场传闻公司未来部分军品可能不再享受增值税免税优惠。
DIAOZHENGXUKEMULU
ST嘉陵12月18日发布的公告显示，由于相关主管部门拟对所涉武器装备科研生产的许可目录进行调整，拟收购的公司空间电源的办证申请未获受理，且其生产特种锂离子电源产品存在不再需要办理该许可证的可能。
2015NIAN9YUE，GUOFANGKEGONGJUHEZONGZHUANGBEIBULIANHEGONGBUXINBANWUQIZHUANGBEIKEYANSHENGCHANXUKEMULU。XINBANXUKEMULUFENHEWUQIYUJUNYONGDONGLI、JUNYONGHANGKONGQIDENG11DALEI755XIANG，YU2005NIANBANXUKEMULUXIANGBIJIANSHAOYUESANFENZHIER。
2017NIAN12YUE，GUOWUYUANYINFA《GUANYUTUIDONGGUOFANGKEJIGONGYEJUNMINRONGHESHENDUFAZHANDEYIJIAN》。MINGQUETICHU，TUIJINFENXITONGJIPEITAOCHANPINJINGZHENG，MINGQUEXIHUAZONGTIDANWEIKAIZHANFENXITONGHEPEITAOCHANPINCAIGOUDEGUIZEYAOQIU。GAIJINWANSHANJUNPINJIAGEHESHUISHOUZHENGCE，YINGZAOGONGPINGJINGZHENGHUANJING，YINDAOGENGDUOMINKOUDANWEICANYUWUQIZHUANGBEIKEYANSHENGCHANJINGZHENG。
GPK电子 ZHONGGUOZHENGQUANBAOJIZHECONGQUANWEIRENSHICHUHUOXI，YOUGUANBUMENZHENGZAIDUIWUQIZHUANGBEIKEYANSHENGCHANXUKEMULUJINXINGDIAOZHENG，XUKEFANWEIJIANGJINYIBUSUOXIAO。ERXUKEMULUHEJUNGONGCHANPINMIANSHUIZHIJIEGUAGOU，XIAFAHOUJIANGDUIJUNGONGPEITAOQIYECHANSHENGJIAODAYINGXIANG。
YENEIRENSHIJIESHAO，JUNPINMIANSHUIYIJUSHI《CAIZHENGBUGUOJIASHUIWUZONGJUGUANYUJUNPINZENGZHISHUIZHENGCEDETONGZHI》HE《GUOFANGKEGONGJUGUANYUYINFADETONGZHI》。QIZHONG，JUNPINMIANSHUIDETIAOJIANZHIYISHINASHUIRENBIXUQUDEWUQIZHUANGBEIKEYANSHENGCHANXUKEZHENG。
GPK电子 SHUYU《WUQIZHUANGBEIKEYANSHENGCHANXUKE（ZHUANYE）MULU（2015BAN）》DECHANPINHUOXIANGMU，KESHENQINGWUQIZHUANGBEICHENGZHIDANWEIZIGEXUKEZHENG。QUDEWUQIZHUANGBEICHENGZHIDANWEIZIGEHOU，QIYENENGXIANGSHOUMIANCHU16%JUNPINZENGZHISHUI。
SHANGSHURENSHIBIAOSHI，YOUGUANBUMENZHENGZAIKAOLVZHIDINGPEITAOZHICHIZHENGCE。BIRU，QIYEJINXINGDAISHUICAIGOU，TONGGUOXIAOXIANGJINXIANGSHUIEDIKOU，JIANQINGSHUISHOUDUIQIYEYINGLIYINGXIANG。
PEITAOQIYESHOUYINGXIANG
GPK电子 JINRIJUNGONGBAIMAGUZHONGHANGGUANGDIAN、ZHONGHANGJIDIANGUJIALIANXUXIADIE。
GPK电子 SHICHANGRENSHIBIAOSHI，GUJIAXIADIESHOUDUOFANGMIANYINSUYINGXIANG，DANZHIJIEDAOHUOSUOKENENGSHI11YUEDINGDANHETONGYOUSUOXIAJIANG。WEILAIBUFENJUNPINKENENGBUZAIXIANGSHOUZENGZHISHUIMIANSHUIYOUHUI，JUNPINDINGJIAGAIGEKENENGYADIYUANQIJIANJIAGE。
东兴证券GPK电子研报认为，即使未来部分产品被剔除出许可目录，对中航光电盈利影响较小。首先，没有在许可目录范围内的产品不一定征收增值税。除了固有的许可目录外，满足军品免税条件的产品也可以审核上报并执行。比如，自产的销售给军队、武警等机关及其他纳税人的军品，以及取得军品免征增值税合同清单等条件的产品。
QICI，JISHIXUYAOJIAONAZENGZHISHUI，KEYITONGGUOHANSHUICHANPINJIAGESHANGFUYIDINGBILIDENGFANGSHIDUICHONG，XIAYOUKEHUHEGONGSIGONGTONGFENDANZENGZHISHUIDEFUDAN。GUOQUGONGSIJINXIANGSHUIEBUDIKOU，RUWEILAICHANSHENGXIAOXIANGSHUIEHOUKEDIKOUJINXIANGSHUIE，DUIGONGSIYINGLIDEYINGXIANGSHIJINGZHIDEGAINIAN。DISAN，WEILAIDIANZIYUANQIJIANZIZHUKEKONGHUISHOUDAOFUZHI。JISHIXIANGGUANCHANPINBEITICHUCHUXUKEMULU，PEITAOZHICHIZHENGCEKENENGYIBINGTUICHU。
