资料显示，江西洪都航空工业股份有限公司位于江西省南昌市南昌高新技术开发区航空城，成立日期 1999年12月16日，上市日期2000年12月15日，公司主营业务涉及航空飞行器的研发、制造、销售和服务 等业务。主营业务收入构成为：其他航空产品52.78%，教练机46.90%，其他(补充)0.32%。 从基金十大重仓股角度 数据显示，汇添富基金旗下1只基金重仓洪都航空。汇添富国证通用航空产业ETF（159257）三季度持 有股数5.64万股，占基金净值比例为3.86%，位居第二大重仓股。根据测算，今日浮盈赚取约2.65万 元。 12月31日，洪都航空涨1.38%，截至发稿，报34.62元/股，成交1.60亿元，换手率0.66%，总市值248.27 亿元。 汇添富国证通用航空产业ETF（159257）成立日期2025年7月16日，最新规模5540.45万。成立以来收益 12.13%。 汇添富国证通用航空产业ETF（159257）基金经理为罗昊。 截至发稿，罗昊累计任职时间1年112天，现任基金资产总规模176.34亿元，任职期间最佳基金回报 80.3%， 任职期间最差基金回报-16.9%。 风险提示：市场有风险，投资 ...

截至2025年12月29日收盘，航空航天ETF天弘(159241)盘中交易价格连续3日创新高！换手15.98%，成交1.00亿元，市场交投活 跃。跟踪的国证航天航空行业指数(CN5082)强势上涨1.44%，成分股航天发展(000547)上涨10.01%，中国卫星(600118)上涨 10.00%，航宇科技(688239)上涨8.42%，洪都航空(600316)，中航高科(600862)等个股跟涨。 拉长时间看，截至12月29日，航空航天ETF天弘(159241)最新规模达6.24亿元，创成立以来新高。 【产品亮点】 预计后续资本市场活跃度维持高位，三季度航空航天行业营收净利润均出现爆发式增长，行业景气度更上一层楼，建议关注含 航量最高的航空航天ETF天弘(159241)，把握航空航天板块投资机遇。 【热点事件】 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 【机构观点】 中信证券认为，2025年12月26日，上交所发布《商业火箭企业适用科创板第五套上市标准指引》，标志着商业火箭企业登陆资 本市场的通道正式打通、标准全面明确。在政策对"承担国家任务、参与国家工程项目""可重复使用技术 ...

Core Viewpoint - The commercial aerospace sector is experiencing significant growth driven by supportive government policies and the recent establishment of clearer IPO guidelines for commercial rocket companies, which is expected to accelerate their market entry and boost related industries. Group 1: Market Performance - The Zhongzheng General Aviation Theme Index (931855) rose by 1.62% as of December 29, 2025, with notable increases in constituent stocks such as Guangwei Composites (300699) up 14.57%, Haige Communication (002465) up 10.04%, and Leike Defense (002413) up 9.97% [1] - The General Aviation ETF (561660) increased by 1.70%, marking its fourth consecutive rise, with the latest price reported at 1.2 yuan [1] Group 2: Policy Developments - In November 2025, the National Space Administration issued the "Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)", which supports commercial entities in developing new technologies and products, and establishes a national commercial aerospace development fund [1] - The Shanghai Stock Exchange released specific guidelines for commercial rocket companies to access the Sci-Tech Innovation Board, which is expected to expedite the IPO process for leading private commercial rocket firms [2] Group 3: Industry Insights - The commercial rocket sector is identified as the "launch base" of commercial aerospace, with its industrialization expected to drive demand across satellite manufacturing, ground equipment, and space applications [2] - The Zhongzheng General Aviation Theme Index includes 50 listed companies involved in aviation materials, components, aircraft manufacturing, infrastructure, operations, and applications, reflecting the overall performance of the general aviation sector [2] - As of November 28, 2025, the top ten weighted stocks in the Zhongzheng General Aviation Theme Index accounted for 40.68% of the index, including companies like Aerospace Electronics (600879) and China Satellite Communications (601698) [2]

Core Viewpoint - The general aviation sector is experiencing significant growth, driven by government support and strategic initiatives aimed at enhancing technological independence and promoting the low-altitude economy and commercial aerospace development [1][2]. Group 1: Market Performance - As of December 26, 2025, the China General Aviation Theme Index (931855) rose by 1.83%, with notable increases in constituent stocks such as Guanglian Aviation (300900) up 13.94% and Zhongfu Shenying (688295) up 13.03% [1]. - The General Aviation ETF (561660) also saw a rise of 1.91%, marking its third consecutive increase, with the latest price reported at 1.17 yuan [1]. Group 2: Government Initiatives - A successful satellite launch using the Long March 8A rocket from Hainan's commercial space launch site occurred, deploying 17 low-orbit satellite internet satellites into their designated orbits [1]. - The strategic emerging industry development fund, with a scale of 51 billion yuan, has officially launched, focusing on providing substantial financial support to the aerospace sector and related industries [1]. Group 3: Index Composition - The China General Aviation Theme Index tracks 50 listed companies involved in various aspects of general aviation, including manufacturing, infrastructure, and operations [2]. - The top ten weighted stocks in the index account for 40.68% of the total index, with key companies including Aerospace Electronics (600879) and Haige Communication (002465) [2].

主营业务在行业领先的同时，中航成飞日前还布局"昊龙"空天飞机，开启了商业航天关键一步。 2025年12月16日，中航成飞全资子公司成飞工业集团拟实施空天装备装配基地建设项目，该项目计划总 投资约10亿元，主要目的是构建空天装备能力，为"昊龙"空天飞机等空天装备研制生产任务奠定基础。 资料显示，"昊龙"实现了可重复使用，能再入大气层飞行、水平着陆，实现航天器航班化的回收处置和 重复使用，大幅降低货运飞行器的重复使用周期和单次任务成本。其采用带翼构型，具有更多的返回机 会、更好的再入返回条件，支撑货物下行能力。 中航成飞自重组上市后，产业链布局持续拓展，产业控制力显著增强，构建起全链条航空产业体系并实 现数字化协同升级。深耕军贸40余年，在巩固航空主业领先优势的同时，中航成飞瞄准商业航天赛道， 通过布局"昊龙"空天飞机及建设空天装备装配基地，迈出关键一步，有望开启全新发展空间。 《每日经济新闻》记者注意到，重组上市后，中航成飞产业链和产业控制力得到了扩展和增强，目前公 司下属企业主要包括贵飞、国创中心、长飞、成飞民机、电测、成飞航产、成飞会议，已形成覆盖科技 创新、产品设计、生产制造、维修与服务保障及航空制造配套 ...

洪都航空所属申万行业为：国防军工-航空装备Ⅱ-航空装备Ⅲ。所属概念板块包括：央企改革、航空工 业集团、中盘、航母产业、融资融券等。 截至9月30日，洪都航空股东户数6.55万，较上期减少5.85%；人均流通股10945股，较上期增加6.22%。 2025年1月-9月，洪都航空实现营业收入31.33亿元，同比增长3.41%；归母净利润1187.44万元，同比减 少16.49%。 分红方面，洪都航空A股上市后累计派现6.10亿元。近三年，累计派现6525.74万元。 机构持仓方面，截止2025年9月30日，洪都航空十大流通股东中，富国中证军工龙头ETF（512710）位 居第三大流通股东，持股973.22万股，相比上期增加146.73万股。博时军工主题股票A（004698）位居 第四大流通股东，持股735.21万股，为新进股东。南方中证500ETF（510500）位居第五大流通股东， 持股630.85万股，相比上期减少11.22万股。中欧高端装备股票发起A（016847）位居第六大流通股东， 持股600.00万股，为新进股东。易方达国防军工混合A（001475）位居第八大流通股东，持股449.17万 股，持股数量 ...

Core Viewpoint - The general aviation sector is experiencing significant growth, driven by the launch of a commercial aerospace industry alliance fund and the anticipated advancements in rocket recovery technology in China [1][2]. Group 1: Market Performance - As of December 25, 2025, the China General Aviation Theme Index (931855) rose by 1.94%, with key stocks such as Guanglian Aviation (300900) increasing by 19.99% and Plittech (688333) by 6.93% [1]. - The General Aviation ETF (561660) also saw a rise of 1.90%, with the latest price reported at 1.13 yuan [1]. - Over the past week, the General Aviation ETF fund experienced a significant growth of 193.17 million yuan [2]. Group 2: Fund and Investment Details - The newly launched commercial aerospace industry alliance fund has an initial issuance scale of 1 to 2 billion yuan, with a long-term goal of expanding to 10 billion yuan over a 10-year period [1]. - The fund will focus on four main areas: low-orbit satellite constellations and satellite internet, reusable launch vehicles and rocket launch services, new materials and devices for commercial aerospace, and the development and utilization of space resources [1]. - The top ten weighted stocks in the China General Aviation Theme Index account for 40.68% of the index, including companies like Aerospace Electronics (600879) and Haige Communication (002465) [2].

12月24日，洪都航空盘中上涨2.01%，截至11:14，报31.42元/股，成交1.05亿元，换手率0.47%，总市值 225.32亿元。 资料显示，江西洪都航空工业股份有限公司位于江西省南昌市南昌高新技术开发区航空城，成立日期 1999年12月16日，上市日期2000年12月15日，公司主营业务涉及航空飞行器的研发、制造、销售和服务 等业务。主营业务收入构成为：其他航空产品52.78%，教练机46.90%，其他(补充)0.32%。 资金流向方面，主力资金净流入307.08万元，特大单买入766.31万元，占比7.31%，卖出635.66万元，占 比6.07%；大单买入1703.41万元，占比16.26%，卖出1526.98万元，占比14.57%。 洪都航空今年以来股价跌2.13%，近5个交易日涨2.98%，近20日跌5.67%，近60日跌11.62%。 洪都航空所属申万行业为：国防军工-航空装备Ⅱ-航空装备Ⅲ。所属概念板块包括：央企改革、航空工 业集团、中盘、航母产业、融资融券等。 截至9月30日，洪都航空股东户数6.55万，较上期减少5.85%；人均流通股10945股，较上期增加6.22%。 2025年 ...

Group 1: Regulatory Developments - The Civil Aviation Administration of China has released two mandatory national standards for civil unmanned aerial vehicles (UAVs), effective from May 1, 2026, aimed at promoting a safer and more orderly industry development [1] - The standards include requirements for real-name registration and activation of UAVs, detailing the relationship, processes, and technical requirements for various systems involved in registration and activation [1] - The operational identification standard mandates UAV systems to actively report their identity, location, speed, and status throughout their operation, providing unified technical standards for design, production, and testing [1] Group 2: Market Opportunities - The drone industry is reshaping engineering operation and maintenance services in China's infrastructure sector, addressing challenges in high-risk inspections and supporting intelligent monitoring of energy pipelines and telecom base stations [2] - The low-altitude economy, encompassing UAVs and eVTOLs, is a significant area of growth, with 969 companies registered and over 478,000 UAVs documented in China [2] - The low-altitude economy is projected to grow at a compound annual growth rate of over 25%, potentially reaching a market size of 1.5 trillion yuan by 2025 and 3.5 trillion yuan by 2035 [3] Group 3: Policy Support and Industry Growth - Recent policies have intensified focus on the low-altitude economy, with local governments releasing standards for low-altitude communication networks and UAV traffic management [3] - The national "14th Five-Year Plan" emphasizes the development of the aerospace and low-altitude economy sectors, with state-owned enterprises establishing low-altitude economic companies [4] - The market for low-altitude economy is expected to reach a trillion yuan by 2030, with significant investments in infrastructure and technology to support this growth [4] Group 4: Key Players and Innovations - AVIC (Aviation Industry Corporation of China) is a leading player in the aerospace sector, involved in various UAV and aviation-related businesses [6] - ZTE Corporation is advancing its low-altitude sensing technology and has completed pilot projects for 5G-A sensing systems [6] - XPeng Motors has launched a low-altitude flight camp and plans to establish a flying car store, marking a significant step in the practical application of low-altitude economy technologies [6] - GAC Group's GOVY AirJet, a composite wing flying car, has successfully completed its first flight, showcasing advanced technology and performance [7]

Core Viewpoint - The successful maiden flight of the "Jiutian" drone marks a significant breakthrough in China's large UAV technology, showcasing its capabilities in various applications and its advanced design features [2][4]. Group 1: Drone Specifications and Capabilities - The "Jiutian" drone is a large general-purpose UAV platform designed with a "universal platform + modular payload" concept, featuring a length of 16.35 meters, a wingspan of 25 meters, and a maximum takeoff weight of 16 tons [4]. - It has a payload capacity of 6,000 kilograms, a flight duration of 12 hours, and a range of 7,000 kilometers, placing its performance metrics among the top in its category [4]. Group 2: Applications and Versatility - The modular payload design allows the "Jiutian" drone to adapt to various civilian scenarios, including heavy cargo transport and precise logistics delivery in remote areas and islands [4]. - It can also play a crucial role in emergency rescue operations by quickly restoring communication and delivering disaster relief equipment, as well as providing services such as geographic surveying, disaster assessment, and mineral exploration [4]. Group 3: Development and Design - The "Jiutian" drone was designed by the Aviation Industry Corporation of China (AVIC) and is commissioned by Shaanxi Unmanned Equipment Technology Co., Ltd., highlighting the collaboration in advancing UAV technology [2][4].