与研发投入不足形成对比的是尚睿科技较高的毛利率。报告期内，公司主营业务毛利率分别为39.82%、41.81%、43.21%和45.45%，呈稳步上升趋势。其中，功能性服饰2025年上半年毛利率高达63.89%，远超2024年全年的54.84%。尚睿科技解释称，毛利率增长主要得益于产品结构优化和规模效应。但市场担忧，在研发投入有限的情况下，高毛利率能否持续？随着市场竞争加剧，尚睿科技是否会被迫通过降价维持市场份额，从而导致毛利率下滑？
Brussels, Belgium, 13 March 2026 – Airbus is working at full throttle to offer the German Air Force an operational Uncrewed Collaborative Combat Aircraft (UCCA) system by 2029. In Manching, near Munich, the company is currently preparing the first two Valkyries it acquired from its US partner Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) for their maiden flight with a sovereign European mission system. They are scheduled to fly later this year. The two companies are bringing their respective industry-leading capabilities to integrate, missionise, and ultimately produce and deliver the Airbus UCCA system.
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