Core Viewpoint - The defense stocks continue to rise, driven by increased global geopolitical uncertainties and expanding military trade demand, particularly highlighted by the recent Dubai Airshow showcasing Chinese military equipment and aircraft [1] Group 1: Stock Performance - China Shipbuilding Defense (600685) increased by 6.6%, reaching HKD 15.82 [1] - AVIC (02357) rose by 4.8%, reaching HKD 3.93 [1] - Aerospace Holdings (00031) saw a rise of 1.96%, reaching HKD 0.52 [1] Group 2: Dubai Airshow Highlights - The Chinese exhibition at the 2025 Dubai International Airshow featured notable equipment including the J-10CE and J-35A fighter jets, Y-20 transport aircraft, and various drones [1] - The C919 large passenger aircraft made its debut in the Middle East [1] - An order for 50 unmanned transport aircraft from Aerospace Feipeng was confirmed at the Dubai event [1] Group 3: Market Analysis - According to Industrial Securities, the Dubai Airshow marks a new window for defense observation [1] - Shenwan Hongyuan's report indicates that the global military trade market is undergoing a structural change due to increasing geopolitical uncertainties [1] - The performance and supply capabilities of Chinese military products are gaining high recognition, with significant demand growth expected in markets like the Middle East and Asia [1]

Core Viewpoint - The military stocks continue to rise, driven by increased global geopolitical uncertainties and expanding military trade demand, particularly highlighted by the recent Dubai Airshow showcasing various Chinese military equipment [1] Group 1: Stock Performance - China Shipbuilding Defense (00317) increased by 6.6%, reaching HKD 15.82 [1] - AVIC (02357) rose by 4.8%, trading at HKD 3.93 [1] - Aerospace Holdings (00031) saw a 1.96% increase, priced at HKD 0.52 [1] Group 2: Dubai Airshow Highlights - The 2025 Dubai International Airshow featured significant Chinese exhibits, including the J-10CE and J-35A fighter jets equipped with PL missiles, the Y-20 transport aircraft, and various drones like the Wing Loong and WZ-7 [1] - The C919 large passenger aircraft made its debut in the Middle East, and an order for 50 unmanned transport aircraft from Aerospace Feipeng was confirmed at the event [1] Group 3: Market Outlook - According to Industrial Securities, the Dubai Airshow marks a new window for defense observation, indicating a shift in the international military trade landscape [1] - Shenwan Hongyuan's report suggests that the increasing global geopolitical uncertainties are leading to a significant expansion in military trade demand, with Chinese products gaining recognition for their performance and supply capabilities [1] - The report anticipates a strong resonance between demand and supply in China's military trade, particularly in the Middle East and Asia, contributing to a future large-scale military trade landscape for China [1]

每经AI快讯，港股军工股继续走高，截至发稿，中船防务(00317.HK)涨6.6%，报15.82港元；中航科工 (02357.HK)涨4.8%，报3.93港元；航天控股(00031.HK)涨1.96%，报0.52港元。 （文章来源：每日经济新闻） ...

Market Overview - The Hong Kong stock market indices experienced declines, with the Hang Seng Tech Index falling by 0.69%, reaching a new low since early September. The Hang Seng Index and the Hang Seng China Enterprises Index decreased by 0.38% and 0.26%, respectively [1][2]. Technology Sector - Major technology stocks mostly declined, with Xiaomi dropping nearly 5%, Kuaishou down over 1%, and slight declines in JD.com, Meituan, Baidu, and Tencent. Alibaba saw an increase of over 1% [2][4][5]. New Energy Vehicle Sector - Stocks in the new energy vehicle sector fell, including Li Auto, NIO, Chery, Beijing Automotive, BYD, and Leap Motor [6]. Semiconductor Sector - Semiconductor stocks experienced declines, with companies like Shanghai Fudan, Jingmen Semiconductor, and Zhongxing Communications reporting losses [7][8]. Gold Sector - Gold stocks led the market gains, with China Gold International rising over 8%. Other gold-related stocks also saw increases, driven by expectations of significant gold purchases by global central banks [9][10]. Military Industry - Military stocks performed well, with China Shipbuilding Industry rising over 9%. Analysts expect the military industry to enter an upward cycle, supported by recent quarterly reports indicating a narrowing decline in performance [11][12]. Oil Sector - Oil stocks saw an uptick, with China Petroleum & Chemical Corporation increasing nearly 3%. This rise is attributed to recent increases in crude oil futures prices [13]. Lithium Battery Sector - Lithium battery stocks gained, with Tianqi Lithium rising nearly 3%. The market for lithium carbonate has shown significant recovery, with prices expected to rise further due to increasing demand [15][16]. Market Sentiment - The market sentiment remains cautious, with expectations of continued adjustments in the Hong Kong stock market due to weak macro liquidity and corporate earnings forecasts. Investors are advised to wait for clearer signals from U.S. monetary policy and mainland economic data before seeking rebound opportunities [21].

AviChina Industry & Technology Company Limited* | 序號 | 議案 | 贊成 | （註6） | （註6） 反對 | | --- | --- | --- | --- | --- | | | 普通決議案 | | | | | 1. | 「動議： | | | | | | (1) 茲批准及確認，於獲得中國相關監管部門要求的批准、認可或註冊後，對股東 | | | | | | 會議事規則的建議修訂（詳情載於該通函董事會函件中「建議修訂股東會議事規 | | | | | | 則」一節）；及 | | | | | | (2) 茲授權本公司任何一位董事執行，並開展所有其認為必須或適當的行動及事項 | | | | | | 以使對股東會議事規則建議相應修訂生效，包括但不限於，獲得中國相關監管 | | | | | | 部門的所有必須的許可，並在該董事的全權判斷認為合適的情況下，簽署、執 | | | | | | 行該等進一步文件，或者附帶及╱或產生的其他事項。」 | | | | | 2. | 關於委任高繼明先生為本公司非執行董事的議案，任期自臨時股東會批准之日起至二零 | | | | | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 臨時股東會通告 茲通告中國航空科技工業股份有限公司（「本公司」）謹訂於二零二五年十二月十二日（星期 五）上午九時正於中國北京市朝陽區安定門外小關東里14號A座舉行臨時股東會（「臨時股 東會」），藉以審議並批准下列決議案： 普通決議案 * 僅供識別 - 1 - AviChina Industry & Technology Company Limited* 2357 - 2 - 2. 關於委任高繼明先生為本公司非執行董事的議案，任期自臨時股東會批准之日起至 二零二七年召開的本公司股東會批准下一屆董事會任職之日止，並授權本公司任一 執行董事代表本公司與其簽訂服務合約，以及授權董事會薪酬委員會釐定其薪酬的 議案。 3. 關於持有本公司有表決權的股份總數1%以上（含）的股東於臨時股東會上提出的需以 普通決議案通過的議案（如有）。 1. 「動議： (1) 茲批准及確認，於獲得中國相關監管部門要求的批准、認可或註冊後 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之持牌證券交易商或銀行 經理、律師、專業會計師或其它專業顧問。 閣下如已售出或轉讓所有名下之中國航空科技工業股份有限公司股份，應立即將本通函連同隨 附之代理人委任表格送交買方或承讓人，或經手買賣或轉讓之銀行、持牌證券交易商或其它代 理商，以便轉交買方或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本通函全部或任何部份內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 AviChina Industry & Technology Company Limited* 2357 (1)建議修訂公司章程； (2)建議修訂股東會議事規則； (3)建議委任非執行董事；及 臨時股東會通告 中國航空科技工業股份有限公司謹訂於二零二五年十二月十二日（星期五）上午九時正於中國北 京市朝陽區安定門外小關東里14號A座舉行臨時股東會，臨時股東會通告載於本通函第25頁至 第27頁。 隨本通函附上臨時股東會需用之代理人委任表格，該代理人委任表格亦在聯交所網站發佈 ...

每经AI快讯，11月17日，港股军工股涨幅居前，截至发稿，中船防务(00317.HK)涨5.86%，报14.81港 元；中航科工(02357.HK)涨1.78%，报4港元。 ...

Group 1 - Military stocks are experiencing significant gains, with China Shipbuilding Defense (00317) up 5.86% at HKD 14.81 and AVIC (02357) up 1.78% at HKD 4 [1] - Recent comments from Japanese Prime Minister Sanae Takaichi have sparked controversy and opposition, leading to increased attention on the military sector [1] - Zhongtai Securities reports that the uncertainty in geopolitical situations is likely to enhance focus on the military industry [1] Group 2 - Dongfang Securities emphasizes the importance of planning for the future, particularly after the implementation of the 14th Five-Year Plan, highlighting new production capabilities in unmanned and anti-unmanned equipment, deep-sea technology, and operational information technology [1] - In the medium to long term, there is potential for growth in the commercial aviation supply chain due to breakthroughs in domestic power systems and the acceleration of military trade markets driven by the export of high-end Chinese equipment [1] - The military sector is expected to see civil and military trade become a second growth driver [1]

Core Viewpoint - The military industry stocks are experiencing significant gains, driven by geopolitical uncertainties and strategic shifts in defense spending [1] Group 1: Stock Performance - China Shipbuilding Defense (600685) has risen by 5.86%, trading at 14.81 HKD [1] - AVIC (02357) has increased by 1.78%, trading at 4 HKD [1] Group 2: Geopolitical Context - Recent comments from Japanese Prime Minister Sanae Takaichi have sparked considerable controversy and opposition [1] - The geopolitical uncertainty is expected to enhance the focus on the military sector, as noted by Zhongtai Securities [1] Group 3: Strategic Insights - Dongfang Securities emphasizes the importance of preparing for the future, particularly after the implementation of the "14th Five-Year Plan," highlighting areas such as unmanned and anti-unmanned equipment, deep-sea technology, and operational information technology as new productive forces [1] - In the medium to long term, attention is drawn to breakthroughs in domestic power systems that could lead to increased commercial aviation supply and accelerated military trade market expansion due to the export of high-end Chinese equipment [1] - The military and civilian trade sectors are anticipated to become the second growth driver for the military industry [1]