中航直升机股份有限公司（以下简称"公司"或"中直股份"）于2025年6月6日分别召开第九届董事会第九 次会议、第九届监事会第八次会议，审议通过了《关于公司继续使用暂时闲置募集资金进行现金管理的 议案》，同意在确保不影响募集资金投资计划的前提下，对最高额度不超过人民币25亿元（包含本数） 的闲置募集资金进行现金管理，投资产品的期限不超过12个月，现金管理授权的有效期自公司董事会审 议通过之日起12个月内有效，在上述期限及授权额度范围内，资金可以滚动使用，具体内容详见公司于 2025年6月7日披露的《关于继续使用暂时闲置募集资金进行现金管理的公告》（公告编号：2025- 031）。 目前，公司部分闲置募集资金现金管理到期赎回，具体内容如下： 证券代码：600038 证券简称：中直股份 公告编号：2026-002 中航直升机股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 特此公告。 中航直升机股份有限公司董事会 2026年2月2日 单位：万元 ■ 截至本公告披露日，以 ...

证券代码：600038 证券简称：中直股份 公告编号：2026-002 中航直升机股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 中航直升机股份有限公司（以下简称"公司"或"中直股份"）于2025年6 月6日分别召开第九届董事会第九次会议、第九届监事会第八次会议，审议通过 了《关于公司继续使用暂时闲置募集资金进行现金管理的议案》，同意在确保不 影响募集资金投资计划的前提下，对最高额度不超过人民币25亿元（包含本数） 的闲置募集资金进行现金管理，投资产品的期限不超过12个月，现金管理授权的 有效期自公司董事会审议通过之日起12个月内有效，在上述期限及授权额度范围 内，资金可以滚动使用，具体内容详见公司于2025年6月7日披露的《关于继续使 用暂时闲置募集资金进行现金管理的公告》（公告编号：2025-031）。 截至本公告披露日，以上产品已全部赎回，并已将本金及收到的利息收入归 还至募集资金专户。除上述情况外，公司使用暂时闲置募集资金进行现金管理尚 未到期的金额为人 ...

证券代码：600038 证券简称：中直股份 公告编号：2026-001 中航直升机股份有限公司 关于开立募集资金专户 并签订募集资金专户存储三方监管协议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意中航直升机股份有限公司发行股份购买资产并募集配套资金注 册的批复》（证监许可〔2024〕173号），中航直升机股份有限公司（以下简称"公司"）向特定对象发 行每股面值人民币1.00元的人民币普通股（A股）88,287,227股（以下简称"本次发行"），本次发行价格 为33.98元/股，共募集资金总额为人民币2,999,999,973.46元，扣除发行费用人民币31,734,231.34元（不 含增值税，包括承销费用及其他发行费用）后，实际募集资金净额为人民币2,968,265,742.12元。上述募 集资金已于2024年7月17日汇入公司开立的募集资金专用账户，由大信会计师事务所（特殊普通合伙） 审验，并出具了《中航直升机股份有限公司验资报告》（大信验字[2024] ...

证券代码：600038 证券简称：中直股份 公告编号：2026-001 中航直升机股份有限公司 关于开立募集资金专户并签订募集资金专户存储三方监管协议的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意中航直升机股份有限公司发行股份 购买资产并募集配套资金注册的批复》（证监许可〔2024〕173号），中航直升 机股份有限公司（以下简称"公司"）向特定对象发行每股面值人民币1.00元的 人民币普通股（A股）88,287,227股（以下简称"本次发行"），本次发行价格为 33.98元/股，共募集资金总额为人民币2,999,999,973.46元，扣除发行费用人民币 31,734,231.34元（不含增值税，包括承销费用及其他发行费用）后，实际募集资 金净额为人民币2,968,265,742.12元。上述募集资金已于2024年7月17日汇入公司 开立的募集资金专用账户，由大信会计师事务所（特殊普通合伙）审验，并出具 了《中航直升机股份有限公司验资报告》（大信验字[2024 ...

内容概要：随着国民收入水平的稳步提升，航空出行正从过去的高端选择转变为大众化日常出行方式， 这一趋势不仅催生了海量航线布局与运力投放需求，更驱动国内航空运输业加速扩张，尤其是随着支线 航空、低成本航空等细分领域的蓬勃发展，带动民用飞机市场需求进一步攀升，据统计，2025年我国民 用飞机制造行业市场规模达2238.58亿元，同比增长16.2%，未来，随着航空运输市场的持续升级与扩 容，我国民用飞机制造行业的市场规模有望实现进一步突破。 相关上市企业：中直股份（600038）、洪都航空（600316）、中航西飞（000768） 相关企业：波音（中国）投资有限公司、空中客车（中国）企业管理服务有限公司、中国商用飞机有限 责任公司、中国航空工业集团有限公司、中航通用飞机有限责任公司、陕西飞机工业有限责任公司、上 海飞机制造有限公司、昌河飞机工业（集团）有限责任公司 关键词：民用飞机制造行业市场政策、民用飞机制造产业链图谱、民用飞机制造市场规模、民用飞机制 造竞争格局、民用飞机制造发展趋势 一、概述 民用飞机制造是指以满足民用航空运输、通用航空作业等非军事用途为目标，按照适航标准开展飞机设 计、零部件生产、整机总装、测 ...

Market Overview - The Shanghai Composite Index closed at 4114.00 points, above the annual line, with a change of 0.29% [1] - The total trading volume of A-shares reached 27,322.16 million yuan [1] Stocks Breaking Annual Line - A total of 129 A-shares have surpassed the annual line today [1] - Notable stocks with significant deviation rates include: - Xinlicheng (8.92%) - Junzheng Group (8.59%) - Tiandi Online (7.60%) [1] Stock Performance Details - The following stocks showed notable performance: - Xinlicheng: Today's change of 9.83%, turnover rate of 9.53%, latest price at 2.57 yuan [1] - Junzheng Group: Today's change of 8.68%, turnover rate of 5.01%, latest price at 5.76 yuan [1] - Tiandi Online: Today's change of 9.99%, turnover rate of 7.71%, latest price at 20.26 yuan [1] - Other stocks with smaller deviation rates include: - Hemai Co., Ltd. - Wukuang Capital - Huadian Liaoning Energy [1]

Core Viewpoint - The A-share market experienced fluctuations on January 15, with the commercial aerospace sector undergoing a pullback, as evidenced by the 4.52% decline in the Aviation ETF Fund (159257) [1]. Group 1: Aviation ETF Fund Performance - The Aviation ETF Fund (159257) saw mixed performance among its constituent stocks, with Hongdu Aviation rising over 9%, while Zhongke Xingtu fell more than 19%, and several other stocks, including Haige Communication and China Satellite, hit the daily limit down [3][4]. - The top ten constituent stocks of the Aviation ETF Fund include significant players in various sectors, with notable declines in several defense and aerospace-related stocks [4]. Group 2: Low Altitude Economy Developments - The low altitude economy is gaining traction, with Shanghai aiming to become the "world eVTOL capital" by 2028, targeting a core industry scale of approximately 80 billion yuan, supported by substantial government incentives [5]. - The Ministry of Industry and Information Technology and other departments have prioritized the development of drones and intelligent low-altitude equipment, indicating a strategic push towards integrating artificial intelligence with manufacturing processes [5][6]. Group 3: Industry Trends and Market Potential - The low altitude economy is being incorporated into the five-year plans of around 30 provinces and cities, with applications in low-altitude logistics and tourism leading the way [6]. - The competition for satellite frequency resources has intensified, with major players like China Star Network and the Radio Innovation Institute actively participating, indicating a strategic focus on satellite constellation development [7]. - The Aviation ETF Fund (159257) is heavily weighted towards the defense and military sector, which constitutes 61.6% of its index, and is expected to benefit from the rising demand in military trade [7][11]. Group 4: Investment Opportunities - The Aviation ETF Fund (159257) has a significant focus on low altitude economy stocks, which account for 53% of its index, suggesting potential growth opportunities in this emerging sector [10]. - The commercial aerospace segment represents 30% of the fund, covering satellite navigation and internet sectors, which are poised to tap into a trillion-yuan market space [11].

Group 1 - The General Aviation ETF Huaxia (159230) experienced a decline of 4.11%, closing at 1.399 yuan with a trading volume of 32.33 million yuan [1] - Key stocks within the General Aviation ETF include: - Wan Feng Ao Wei up by 0.52% - Hongdu Aviation up by 9.79% - Aerospace Rainbow down by 1.63% - Zhongzhichuan down by 0.03% - Zhuhai Guanyu up by 0.20% - Huali Chuantong down by 10.56% - Yingliu Co. up by 0.98% - Southern Network Technology down by 1.43% - Ruichuang Weina down by 2.90% - China Satellite down by 10.00% [1] - The performance benchmark for the General Aviation ETF Huaxia is the National General Aviation Industry Index return rate, managed by Huaxia Fund Management Co., Ltd. The fund manager is Yang Siqi [1] Group 2 - Since its establishment on May 21, 2025, the General Aviation ETF Huaxia has achieved a return of 45.65%, with a return of 26.77% over the past month [1]

Core Viewpoint - The domestic aircraft carrier concept has seen a significant increase of 4.70%, leading the gains among concept sectors, with 33 stocks rising, including notable performers like Hailanxin, which hit a 20% limit up [1][2]. Group 1: Market Performance - The domestic aircraft carrier sector recorded a net inflow of 2.284 billion yuan, with 24 stocks experiencing net inflows, and 8 stocks exceeding 100 million yuan in net inflow [2]. - Hailanxin led the net inflow with 888.7 million yuan, followed by China Shipbuilding, AVIC Aircraft, and AVIC Xi'an Aircraft, with net inflows of 726 million yuan, 525 million yuan, and 281 million yuan respectively [2][3]. - The top gainers in the domestic aircraft carrier sector included Hailanxin (20%), China First Heavy Industries (10.07%), and AVIC Aircraft (9.99%) [1][3]. Group 2: Stock Performance - The stocks with the highest net inflow ratios included AVIC Heavy Industry (43.69%), China First Heavy Industries (38.62%), and Hailanxin (24.87%) [3]. - Other notable performers in terms of daily gains included AVIC Xi'an Aircraft (5.60%), China Shipbuilding (4.09%), and Taihao Technology (7.67%) [1][3]. - Conversely, stocks that experienced declines included Bowei Alloy (-1.04%), Zhenxin Technology (-0.31%), and Haohua Technology (-0.18%) [1][5].

Market Overview - The Shanghai Composite Index closed at 4089.45 points, above the annual line, with a slight increase of 0.09% [1] - The total trading volume of A-shares reached 17815.48 billion yuan [1] Stocks Breaking Annual Line - A total of 124 A-shares have surpassed the annual line today, with notable stocks showing significant deviation rates [1] - The stocks with the highest deviation rates include: - Keta Power (300153) with a deviation rate of 11.05% and a daily increase of 12.50% [1] - Tianjian Technology (002977) with a deviation rate of 9.75% and a daily increase of 10.00% [1] - Hongbo Pharmaceutical (301230) with a deviation rate of 9.27% and a daily increase of 10.27% [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - Hongdu Aviation (600316) with a daily increase of 8.58% and a deviation rate of 8.08% [1] - Jiuliang Co. (300808) with a daily increase of 5.79% and a deviation rate of 5.21% [1] - Zhongcheng Technology (920207) with a daily increase of 22.67% and a deviation rate of 4.84% [1] Summary of Stocks with Smaller Deviation Rates - Stocks that have just crossed the annual line with smaller deviation rates include: - Dongfang Guoxin (东方国信) and Fuchun Environmental (富春环保) with minimal deviation rates [1] - The table lists various stocks along with their daily performance metrics, including turnover rates and latest prices [1]