证券代码：600151 证券简称：航天机电 编号：2025-027 详见同时披露的《关于 2025 年半年度计提减值准备的公告》（2025-028）。 表决结果：8 票同意，0 票反对，0 票弃权 上海航天汽车机电股份有限公司 第九届董事会第九次会议决议公告 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个别及连带责任。 2025 年 8 月 15 日，上海航天汽车机电股份有限公司第九届董事会第九次 会议通知及相关资料以书面、邮件或电话等方式告知全体董事。会议于 2025 年 8 月 25 日在上海市元江路 3883 号以现场结合通讯方式召开，应到董事 8 名， 亲自出席会议的董事 8 名，符合《公司法》及公司章程的有关规定。公司 5 名 监事及相关人员列席了会议。 会议按照《公司法》和公司章程的有关规定，审议并全票通过了以下议案： 一、《2025 年半年度报告及其摘要》 董事会保证公司 2025 年半年度报告所载资料不存在任何虚假记载、误导性 陈述或重大遗漏。详见同时披露的 2025 年半年度报告及摘要。 表决结果：8 票同意，0 票 ...

上海航天汽车机电股份有限公司2025 年半年度报告 公司代码：600151 公司简称：航天机电 上海航天汽车机电股份有限公司 2025 年半年度报告 1 / 249 上海航天汽车机电股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人荆怀靖、总经理赵立、主管会计工作负责人戴波及会计机构负责人（会计主管 人员）施莲萍声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 不涉及 六、 前瞻性陈述的风险声明 □适用 √不适用 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述所存在的风险以及应对措施，敬请查阅第三节中相关的风险 ...

格隆汇8月25日丨航天机电(600151.SH)公布2025年半年度报告，报告期实现营业收入18.19亿元，同比下 降41.01%；归属于上市公司股东的净利润-2.15亿元；基本每股收益-0.1502元。 ...

航天机电公告，2025年上半年营业收入18.19亿元，同比下降41.01%。归属于上市公司股东的净亏损 2.15亿元，上年同期净亏损3286.75万元。 ...

Core Insights - The event "New Heaven and Earth - Technology Achievements Release Conference" focused on China's independent innovation achievements in the aviation sector, showcasing three breakthrough technologies: C909 medical aircraft, aircraft lightning protection technology system, and the micro-hovering flapping-wing flying device "Mechanical Hummingbird" [1][3] Group 1: C909 Medical Aircraft - The C909 medical aircraft is designed as a modular multi-purpose medical aircraft with ICU capabilities, serving as an "air ambulance" for critical patients [4] - The development team of the C909 medical aircraft took over 900 days to complete numerous specialized tests and submitted hundreds of compliance reports to obtain airworthiness certification from the Civil Aviation Administration [6] - The C909 is seen as a pioneer in China's commercial jet aircraft sector, marking a significant breakthrough in the field of aviation medical rescue [4][6] Group 2: Aircraft Lightning Protection Technology - The aircraft lightning protection technology system addresses a critical issue, as a civil aviation aircraft encounters lightning strikes on average once a year, with traditional protection methods failing at high speeds [6][8] - The technology was developed by Hefei Aerospace Electric Physics Technology Co., which has spent 30 years overcoming three major challenges in lightning protection [8] - The ultimate goal of this technology is to ensure that every Chinese-made aircraft can safely operate in severe weather conditions [8] Group 3: Mechanical Hummingbird - The "Mechanical Hummingbird" is a micro-hovering flapping-wing flying device that utilizes biomimicry based on the flight principles of hummingbirds and insects, opening new dimensions for micro flying device applications [8][9] - This flying device is expected to play significant roles in various fields such as law enforcement, emergency rescue, security, and inspection [9] - The development team is actively working on expanding the range of flying devices, aiming for the "artificial hummingbird" to operate alongside real hummingbirds in the near future [9]

[Current Period Performance Forecast](index=1&type=section&id=Item%201.%20Current%20Period%20Performance%20Forecast) The company anticipates a significant loss for H1 2025, with net profit attributable to shareholders projected to be a loss of RMB 185 million to RMB 265 million 2025 H1 Performance Forecast | Indicator | Estimated Amount (RMB) | | :--- | :--- | | **Net Profit Attributable to Shareholders** | -185 million to -265 million | | **Net Profit After Non-Recurring Items** | -205 million to -285 million | - The performance forecast period is from January 1, 2025, to June 30, 2025[4](index=4&type=chunk) - The company emphasizes that the financial data in this performance forecast is unaudited by a certified public accountant, but communication has occurred with the accounting firm regarding the forecast[4](index=4&type=chunk) [Prior Period Performance Review](index=1&type=section&id=Item%202.%20Prior%20Period%20Performance%20Review) The company's loss significantly widened compared to the prior period, with H1 2024 net profit attributable to shareholders at a loss of RMB 32.8675 million 2024 H1 Performance Data | Indicator | 2024 Semi-Annual Data | | :--- | :--- | | **Net Profit Attributable to Shareholders** | -32.8675 million RMB | | **Net Profit After Non-Recurring Items** | -83.4835 million RMB | | **Earnings Per Share** | -0.0229 RMB | [Analysis of Main Reasons for Performance Pre-Loss](index=2&type=section&id=Item%203.%20Analysis%20of%20Main%20Reasons%20for%20Performance%20Pre-Loss) The significant pre-loss is primarily due to severe challenges in the photovoltaic industry, facing worsened profitability and asset impairment, and the auto parts industry, pressured by weak customer demand and rising aluminum prices - The operating environment for the photovoltaic industry has deteriorated due to intensified "involutionary" competition, electricity price mechanism adjustments, and power curtailment policies, leading to decreased business profitability and the company's provision for impairment on related assets[7](index=7&type=chunk) - Profits in both major businesses declined: the photovoltaic industry experienced simultaneous drops in module and silicon ingot volumes and prices due to overcapacity, while the auto parts industry faced dual pressures from lower-than-expected customer demand and rising aluminum prices, resulting in overall losses for both segments[7](index=7&type=chunk) [Risk Warning](index=2&type=section&id=Item%204.%20Risk%20Warning) The company advises investors that this unaudited performance forecast is a preliminary estimate, and final accurate financial data will be based on the officially disclosed 2025 semi-annual report - This performance forecast represents the preliminary estimation by the company's finance department and has not been audited by an accounting firm[8](index=8&type=chunk) - The company reminds investors that specific financial data will be subject to the disclosures in the 2025 semi-annual report, urging cautious decision-making and awareness of investment risks[8](index=8&type=chunk)

Core Viewpoint - The company, Aerospace Electromechanical (600151), anticipates a significant net loss for the first half of 2025, primarily due to intensified competition in the photovoltaic industry and adverse regulatory changes [1] Financial Performance - The company expects a net loss attributable to shareholders of between 185 million to 265 million yuan for the first half of 2025 [1] - After excluding non-recurring gains and losses, the expected net loss attributable to shareholders is projected to be between 205 million to 285 million yuan [1] - In the same period last year, the company reported a net loss of 32.87 million yuan attributable to shareholders, with a net loss of 83.48 million yuan after excluding non-recurring items [1] Industry Context - The anticipated performance decline is attributed to increased "involution" competition within the photovoltaic sector, adjustments in electricity pricing mechanisms, and the impact of power rationing policies [1] - These factors have led to a deterioration in the overall operating environment and a decrease in business profitability [1] - The company has also made provisions for asset impairment in response to the challenging market conditions [1]

Group 1 - Yuntian Lifa plans to issue H-shares and list on the Hong Kong Stock Exchange [3] - Aerospace Electromechanical's wholly-owned subsidiary intends to transfer 70% equity of Eschong Korea [4] - Three Gorges Water Conservancy plans to publicly transfer 41.0071% equity of Chongqing Tiantai Energy Group [5] Group 2 - Galaxy Microelectronics intends to invest 310 million yuan in the construction of a high-end integrated circuit device industrialization base [6] - Wanye Enterprises' wholly-owned subsidiary plans to invest 299 million yuan to establish a private equity investment fund [7] - Dailor New Materials will invest 45 million yuan to establish a holding subsidiary [8] Group 3 - Huaxi Securities expects a net profit increase of 1025.19% to 1353.9% year-on-year for the first half of 2025 [10][11] - Guolian Minsheng anticipates a net profit increase of approximately 1183% year-on-year for the first half of 2025 [12] - Gaode Infrared expects a net profit increase of 734.73% to 957.33% year-on-year for the first half of 2025 [13] Group 4 - Tianchen Co. expects a net profit increase of 640% to 786% year-on-year for the first half of 2025 [14] - Shenkai Co. anticipates a net profit increase of 183% to 278% year-on-year for the first half of 2025 [15] - Taishan Petroleum expects a net profit increase of 123% to 173% year-on-year for the first half of 2025 [16] Group 5 - Ruikeda expects a net profit increase of 132.44% to 163.22% year-on-year for the first half of 2025 [17] - Jinkong Electric anticipates a net profit of 120 million to 150 million yuan, turning from loss to profit [18] - Ankai Bus expects a net profit increase of 106.67% to 189.34% year-on-year for the first half of 2025 [19] Group 6 - Yara International expects a net profit increase of 170% to 244% year-on-year for the first half of 2025 [20] - Zhongshun Jierou anticipates a net profit increase of 59.85% to 82.68% year-on-year for the first half of 2025 [21] - Guoan Co. expects a loss of 25.9 million to 36.7 million yuan for the first half of 2025 [22] Group 7 - Huamei Holdings expects a loss of 46.5 million to 60 million yuan for the first half of 2025 [23] - AOC Technology anticipates a loss of 450 million to 490 million yuan for the first half of 2025 [24] - Shangrong Medical expects a loss of 7 million to 9.5 million yuan for the first half of 2025 [25] Group 8 - Hangang Co. expects a net loss of approximately 111 million yuan for the first half of 2025 [26] - Baili Electric's shareholder plans to reduce its stake by no more than 2% [27] - Dream Lily's major shareholder plans to reduce its stake by no more than 0.5% [28]

Group 1 - The company plans to transfer 70% of its stake in ESTRA Automotive Systems Co., Ltd to optimize resource allocation and mitigate overseas operational risks [1][2] - The decision is part of the company's "14th Five-Year Plan" to enhance operational quality amid declining market share and increasing competition in the global automotive parts industry [1][2] - The transaction is currently in the preliminary stage, with no clear buyer identified and the asset evaluation process yet to commence [1][2][3] Group 2 - ESTRA Automotive Systems Co., Ltd has been experiencing a continuous decline in business, leading to reduced orders and significant cash flow pressure [1][3] - The financial performance of ESTRA for the past three years shows a decline in revenue and increasing losses, with a net profit of -28,407.22 million RMB in 2023 [4][5] - The company holds a 70% stake in ESTRA, with the remaining 30% owned by erae CS, and the registered capital of ESTRA is approximately 595.7 billion KRW [2][3]

Group 1 - The company board approved the transfer of 70% equity in Eschro Automotive Systems Co., Ltd. by its wholly-owned subsidiary Shanghai Aerospace Holdings (Hong Kong) Co., Ltd. to mitigate overseas operational risks and optimize resource allocation [1][2] - The decision aligns with the company's "14th Five-Year Plan" mid-term adjustment strategy to enhance operational quality and support future industrial development [1] - The board authorized the management to initiate market testing and negotiations for the equity transfer, although the transaction is still in the preliminary stage with no clear potential buyers identified yet [2] Group 2 - The board also approved the liquidation of MILIS Company to address historical issues related to the TRP project and to control costs while recovering funds [2] - This decision aims to maximize the recovery of existing funds and facilitate the exit from overseas operations [2]