[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a net loss for the first half of 2025, with estimated net profit attributable to parent company shareholders ranging from -83.5 million to -70 million RMB 2025 Semi-Annual Performance Forecast | Indicator | Estimated Amount (RMB Million) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -83.5 to -70 | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | -77.9 to -65.4 | - The performance forecast period is from **January 1, 2025, to June 30, 2025**[4](index=4&type=chunk) - The performance forecast has not been audited by a certified public accountant[6](index=6&type=chunk) [Operating Performance and Financial Status in the Same Period Last Year](index=1&type=section&id=II.%20Operating%20Performance%20and%20Financial%20Status%20in%20the%20Same%20Period%20Last%20Year) The company's estimated loss for the current period is an expansion of the loss incurred in the same period of 2024, which included a net loss of 56.926 million RMB Prior Period (2024 H1) Financial Data | Indicator | Amount (RMB Million) | | :--- | :--- | | Total Profit | -59.5639 | | Net Profit Attributable to Parent Company Shareholders | -56.9260 | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Gains and Losses | -55.2444 | | Earnings Per Share | -0.09 (RMB) | [Main Reasons for Current Period Performance Pre-Loss](index=1&type=section&id=III.%20Main%20Reasons%20for%20Current%20Period%20Performance%20Pre-Loss) The pre-loss is primarily attributed to reduced main business revenue from pump and pump systems, inventory impairment for motor products, and provisions for estimated liabilities from investor lawsuits - Main business impact: **Revenue from pump and pump system businesses decreased** due to market conditions; **inventory impairment provisions** were made for motor products due to product transformation and customer order changes[8](index=8&type=chunk) - Non-operating gains and losses impact: **Estimated liabilities were accrued** during the reporting period due to investor lawsuits, **negatively affecting profit**[8](index=8&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company's performance forecast is a preliminary, unaudited result, with no significant uncertainties identified that would impact its accuracy - The aforementioned performance forecast is a **preliminary accounting result** from the company's financial department and has **not been audited** by a certified public accountant[9](index=9&type=chunk) - The company assesses that there are **no significant uncertainties** affecting the accuracy of this performance forecast[9](index=9&type=chunk) [Other Explanatory Matters](index=2&type=section&id=V.%20Other%20Explanatory%20Matters) Investors are advised to refer to the officially disclosed 2025 semi-annual report for final financial data, published via designated media - The **final accurate financial data** will be subject to the company's **officially disclosed 2025 semi-annual report**[10](index=10&type=chunk) - The company's designated information disclosure media are **'Shanghai Securities News'** and the **Shanghai Stock Exchange website** (www.sse.com.cn)[10](index=10&type=chunk)

航天动力（600343）公告，预计2025年半年度实现归属于母公司所有者的净利润为-8350万元至-7000万 元，归属于母公司所有者的扣除非经常性损益后的净利润为-7790万元至-6540万元。 ...

Group 1: Industry Overview - The Chinese aerospace industry is experiencing explosive growth, driven by policy and technological advancements, with a predicted market size of 2.8 trillion yuan by 2025 [1] - The government emphasizes the development of emerging industries and modern industrial systems, including commercial aerospace and low-altitude economy [1] Group 2: Company Strategies - Aerospace Power plans to focus on liquid power technology innovation and product upgrades while enhancing management capabilities to ensure sustainable development [2] - Aerospace Software aims to improve operational management and market positioning by focusing on key sectors like aerospace and military, while enhancing core product competitiveness [3] Group 3: Product Development and Progress - Aerospace Electronics is engaged in the development and production of aerospace electronic information and unmanned systems, with a focus on defense applications [4] - The development of the Feihong-97A unmanned system is ongoing, with preliminary design and testing phases completed [5] - Aerospace Power is advancing its hydrogen energy project, with production capabilities for hydrogen storage and transportation equipment established [5] Group 4: Satellite Operations - China Satcom operates 18 commercial communication satellites, with plans for future satellite construction and launches, including the successful launch of the Zhongxing 10R satellite in February 2025 [6]

证券简称：航天动力 证券代码：600343 编号：临 2025-022 陕西航天动力高科技股份有限公司 关于参加中国航天科技集团有限公司控股上市公司 2024 年度集体业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 6 月 5 日（星期四）下午 14:30-17:30 网 络 直 播 地 址 ： 深 圳 证 券 交 易 所 " 互 动 易 " 平 台 (https:// irm.cninfo.com.cn/) ； 上 海 证 券 交 易 所 上 证 路 演 中 心 平 台 （https://roadshow.sseinfo.com/）。 投资者可以在 2025 年 6 月 4 日（星期三）下午 16:00 前通过本公告中的 传真或者邮件方式进行提问，公司将在说明会上对投资者普遍关注的问题进行回 复。 陕西航天动力高科技股份有限公司（以下简称"公司"）已于 2025 年 4 月 1 日在上海证券交易所网站（www.sse.com.cn）披露了公司《2024 年年度报告 ...

Core Viewpoint - The article highlights the emergence of a notable individual investor, Zhang Sufen, in the A-share market, who has made significant investments in multiple listed companies, positioning herself among the top shareholders of 15 companies as of the first quarter of 2025 [1][2][3]. Group 1: Investment Profile - Zhang Sufen holds substantial shares in various companies, with a total holding of 349.66 million shares across 15 listed companies, making her the second-largest shareholder in Electronic City and the fourth-largest in Shaanxi Guotou A [3][4]. - Her investment strategy appears to focus on low-priced stocks, with most of her holdings priced below 10 yuan, indicating a preference for undervalued assets [7][8]. - The total market value of her holdings exceeds 1.38 billion yuan, with five stocks valued over 100 million yuan each [8]. Group 2: Performance and Strategy - Zhang's investments have shown mixed results, with the highest floating profit being 26.81% from Liugang Co., while the largest loss is 13.62% from Shaanxi Construction [3][4]. - She has demonstrated a long-term investment approach, often increasing her holdings over several quarters, as seen in her continuous accumulation of shares in low-performing stocks like New Star Foundry [6][7]. - Despite her success, she has also faced significant losses, such as a 30% loss in Yibai Pharmaceutical, highlighting the risks associated with her investment choices [8][9]. Group 3: Market Impact and Perception - Zhang Sufen's investment activities have drawn attention in the market, with speculation about her potential connections to larger investment networks, suggesting that her strategies may not be typical of individual investors [7][8]. - Her approach to investing, characterized by a focus on low-priced stocks and a willingness to endure volatility, positions her as a unique figure in the A-share market, comparable to institutional investors [6][7].

Group 1: Company Leadership Changes - Longi Green Energy announced that Li Zhenguo will resign from the positions of General Manager and Legal Representative to focus on R&D and technology management, while continuing as the head of the Central Research Institute and Chief Technology Officer [2] - The company appointed Zhong Baoshan as the new General Manager, and this leadership change is not expected to impact the company's operations [2] Group 2: Contracts and Agreements - Pingzhi Information signed an AI computing power technology service framework agreement with China Telecom's Shaanxi branch, with a total contract value of approximately 246 million yuan [3] - The actual execution amount will depend on specific orders, and the agreement is not expected to have a significant impact on the company's annual performance [3] Group 3: Share Issuance and Stock Transactions - *ST Songfa announced the issuance of 738 million new shares at a price of 10.16 yuan per share for asset acquisition [5] - Shenghong Technology set the preliminary inquiry transfer price at 65.85 yuan per share, with 24 institutional investors participating in the inquiry [3] Group 4: Shareholder Actions - Xinhua Medical's controlling shareholder plans to increase holdings by 100 million to 200 million yuan [6] - Several companies, including Yongmaotai and Green Harmony, announced plans for share reductions by up to 3% of total shares [6] Group 5: Corporate Developments - Rongsheng Environmental Protection reported that its controlling shareholder, Feng Ronghua, has been taken into custody by law enforcement, but this matter is unrelated to the company [4] - Chongqing Steel terminated the absorption merger with its wholly-owned subsidiary [7]

Core Viewpoint - The company is planning to raise capital through a pre-listing process for its wholly-owned subsidiary, Xi'an Yuanxin Aerospace Power Fluid Equipment Co., Ltd., to accelerate the industrialization of its variable speed drives and high-end equipment manufacturing [1][3]. Group 1: Transaction Overview - The subsidiary, Xi'an Yuanxin, will publicly solicit investors through a capital increase, which will raise its registered capital [1]. - The company will maintain control over Xi'an Yuanxin after the capital increase, despite a decrease in its ownership percentage from 100% [1]. Group 2: Basic Information of the Target - The target company, Xi'an Yuanxin, was established on May 20, 2008, and is located in Xi'an, Shaanxi Province, with a registered capital of 189.145855 million RMB [2]. - Its main business includes manufacturing and sales of hydraulic power machinery and components, gear and transmission parts, and various technical services [2]. Group 3: Main Content and Performance Arrangements - The capital increase will be determined based on the valuation after the approval process by the relevant state-owned asset regulatory authority [3]. - The pre-listing announcement does not constitute an actual transaction, and the transaction details, including the final price and payment methods, are currently undetermined [3]. Group 4: Purpose and Impact of the Transaction - The transaction aims to enhance the company's capabilities in variable speed drives and high-end equipment manufacturing, facilitating the rapid application of liquid power technology and accelerating industrialization in related fields [3]. - The company seeks to improve its production system's efficiency and competitiveness through technological innovation and resource integration, aligning with its strategic goals for reform and industrial development [3].

证券简称：航天动力 证券代码：600343 编号：临 2025-021 陕西航天动力高科技股份有限公司 关于全资子公司增资事项预挂牌的提示性公告 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。 重要内容提示： 陕西航天动力高科技股份有限公司（以下简称"公司"）全资子公司西安 元新航天动力流体装备有限公司（原西安航天泵业有限公司，已更名完成，以下 简称"航天元新"）拟在产权交易机构预挂牌，通过增资扩股的方式引入投资者。 本次预挂牌仅为信息预披露，不构成交易行为，交易对象尚不明确，尚未 签署交易合同，无履约安排。 公司将根据事项进展及时履行相应的审批程序及信息披露义务，敬请广大 投资者注意投资风险，理性决策，审慎投资。 一、 交易概述 为加快公司变矩器及高端装备制造产业化建设，公司全资子公司航天元新拟 在产权交易机构公开挂牌征集投资方。增资扩股完成后，航天元新注册资本相应 提升。公司持股比例由 100%相应下降，但增资后保持公司对航天元新的控股权。 二、 交易标的基本情况 增资标的名称：西安元新航天动力流体装备有限公司 法定代表人 ...

Core Viewpoint - The company announced that its wholly-owned subsidiary, Xi'an Yuanxin Aerospace Power Fluid Equipment Co., Ltd., plans to pre-list for property rights trading to attract investors through capital increase and share expansion, aiming to accelerate the industrialization of its torque converter and high-end equipment manufacturing [1] Group 1 - The capital increase will lead to a decrease in the company's shareholding ratio while maintaining control [1] - The current announcement is only an information disclosure and does not constitute an actual transaction [1] - Details regarding the transaction counterpart and final transaction price are yet to be determined [1]

Core Viewpoint - Aerospace Power (600343) announced that its wholly-owned subsidiary, Xi'an Yuanxin Aerospace Power Fluid Equipment Co., Ltd., plans to pre-list for investment through capital increase and share expansion, aiming to attract investors [1] Group 1: Investment and Capital Increase - The pre-listing is only an information disclosure and does not constitute a transaction, with the transaction object still unclear and no contract signed [1] - The target for capital increase is Xi'an Yuanxin Aerospace Power Fluid Equipment Co., Ltd., with a registered capital of 189 million RMB [1] Group 2: Strategic Goals - Following the capital increase, Aerospace Power aims to rapidly promote the transformation and market application of liquid power technology [1] - The company intends to accelerate the industrialization process in the fields of torque converters and aerospace product processing through technological innovation, resource integration, and industrial collaboration [1] - The goal is to build an efficient and complete production system, enhance product core competitiveness, and achieve scale effects and industrial upgrades [1]