证券日报网讯航天动力（600343）11月19日在互动平台回答投资者提问时表示，公司股东人数将依照相 关规定在定期报告中披露。截至2025年9月30日的股东户数为73100户。 ...

证券代码：600343 证券简称：航天动力 公告编号：临 2025-052 陕西航天动力高科技股份有限公司 2025年第四次临时股东会决议公告 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法律责任。 (二)股东会召开的地点：西安市高新区锦业路 78 号航天动力公司中心会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 421 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 265,618,481 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 41.6195 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等 本次股东会由公司董事会召集，董事长孙彦堂先生主持，会议由现场投票结 合网络投票的表决方式召开，会议的召集、召开和表决程序符合《公司法》及《公 司章程》的规定。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间 ...

北京市嘉源律师事务所 关于陕西航天动力高科技股份有限公司 2025年第四次临时股东会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 ii p R 在 UT = AN LAW OFFICES IG · 上海SHANGHAI · 深圳SHENZHEN · 香港HONG KONG · 广州GUANGZHOU · 西安XI'AN 致:陕西航天动力高科技股份有限公司 北京市嘉源律师事务所 关于陕西航天动力高科技股份有限公司 2025年第四次临时股东会的 法律意见书 嘉源(2025)-04-842 北京市嘉源律师事务所(以下简称"本所")接受陕西航天动力高科技股份 有限公司(以下简称"公司")的委托,根据《中华人民共和国公司法》(以下 简称"《公司法》")、《中华人民共和国证券法》(以下简称"《证券法》")、 《上市公司股东会规则》(以下简称"《股东会规则》")等现行有效的法律、 行政法规、部门规章、规范性文件(以下简称"法律法规")以及《陕西航天动 力高科技股份有限公司章程》(以下简称"《公司章程》")的有关规定,指派 本所律师对公司2025年第四次临时股东会(以下简称"本次股东会")进行见 ...

Core Insights - The report highlights a significant turning point for the defense and military industry in 2025, with a strong recovery in both fundamentals and market performance, indicating a shift from policy expectations to actual performance realization [4][9][11] - The industry is entering a new phase characterized by rigid demand, structural upgrades, and improved financial health, with five core judgments outlined for 2026 [4][6][24] Industry Trends - The defense and military sector saw a cumulative increase of 16.39% in the Shenwan Defense Index by October 31, 2025, closely aligning with the performance of the CSI 300 index but lagging behind the growth-driven ChiNext index [9] - The market experienced a "Q1 bottoming, Q2 recovery, Q3 acceleration, and Q4 consolidation" rhythm, with the driving force shifting from policy expectations to performance realization [9][10] Financial Performance - The industry ended the "increasing revenue without increasing profit" dilemma, with significant improvements in operating cash flow and profitability quality, marking a transition to a new phase of high-quality development [4][24][26] - By November 10, 2025, the PE-TTM (excluding negative values) for the defense sector was approximately 70 times, indicating a structural revaluation rather than a systemic bubble [20][24] Revenue and Profitability - The report indicates a recovery in revenue and profit growth in 2025, with a notable increase in operating cash flow, signaling a turnaround from previous years of negative cash flow [24][31] - The industry experienced a significant rebound in profitability, with a 17.29% year-on-year increase in net profit attributable to shareholders in Q3 2025, reflecting effective cost control and improved operational efficiency [26][31] Investment Focus - The investment strategy focuses on four main lines: the main battle equipment supply chain from a military trade perspective, advanced combat capabilities, military-civilian integration sectors, and reform and asset securitization [4][6][26] - Key companies to watch include AVIC Shenyang Aircraft Corporation, China Aerospace Science and Technology Corporation, and others involved in military trade and advanced combat technologies [4][6][26]

Core Viewpoint - Aerospace Power's stock price has shown significant growth this year, with a year-to-date increase of 61.43% and a recent uptick in trading activity, indicating strong investor interest and market performance [2][3]. Group 1: Stock Performance - As of November 17, Aerospace Power's stock price rose by 2.11% to 16.95 CNY per share, with a trading volume of 1.15 billion CNY and a market capitalization of 10.818 billion CNY [1]. - The stock has increased by 7.76% over the last five trading days, 19.20% over the last 20 days, and 12.33% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, Aerospace Power reported a revenue of 510 million CNY, a year-on-year decrease of 14.19%, and a net profit attributable to shareholders of -109 million CNY, down 31.21% year-on-year [3]. - The company has not distributed any dividends in the last three years, with a total payout of 198 million CNY since its A-share listing [4]. Group 3: Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased to 73,100, with an average of 8,730 circulating shares per shareholder, a decrease of 2.38% [3]. - The top ten circulating shareholders include new entrants such as Changcheng Jiujia Innovation Growth Mixed Fund, holding 5.45 million shares, while Hong Kong Central Clearing Limited reduced its holdings by 1.78 million shares [4].

Core Viewpoint - The company is actively developing its capabilities in hydrogen equipment manufacturing and aerospace product processing, with a focus on emerging business areas [2] Group 1: Hydrogen Equipment Manufacturing - The company is making steady progress in the production capacity construction and process technology development of its liquid hydrogen tank project [2] - The relevant product trial production has been completed, and the company has entered the product testing phase [2] Group 2: Aerospace Product Processing - Revenue from the aerospace product processing business has increased compared to last year, although its contribution to overall business profits remains limited due to its low proportion in total revenue [2] - The company plans to gradually increase the share of emerging businesses in its overall operations and further optimize its industrial structure [2]

Core Viewpoint - The company is progressing normally in the construction of production capacity and technological development for its liquid hydrogen tank project, having completed product trial production and currently conducting product testing [2] Company Summary - The company has confirmed that the production capacity construction and process technology development for the liquid hydrogen tank project are proceeding as planned [2] - The company has completed the trial production of related products and is now in the phase of product testing [2]

航天动力 2025 年第四次临时股东会会议资料 陕西航天动力高科技股份有限公司 2025 年第四次临时股东会会议资料 二〇二五年十一月 1 航天动力 2025 年第四次临时股东会会议资料 目 录 | 2025 年第四次临时股东会会议议程 | 3 | | --- | --- | | 关于续聘会计师事务所的议案 | 5 | 2 一、会议召开形式 本次股东会采取现场投票与网络投票相结合的方式召开 航天动力 2025 年第四次临时股东会会议资料 陕西航天动力高科技股份有限公司 2025 年第四次临时股东会会议议程 二、会议时间 （一）网络投票时间：采用上海证券交易所网络投票系统，通过交易系统投 票平台的投票时间为2025年11月18日的交易时间段，即9:15-9:25，9:30-11:30， 13:00-15:00；通过互联网投票平台的投票时间为 2025 年 11 月 18 日的 9:15-15:00。 （二）现场会议时间：2025 年 11 月 18 日 14:30 三、现场会议地点 西安市高新区锦业路 78 号航天动力公司中心会议室 四、见证律师 北京市嘉源律师事务所律师 五、会议议程 （一）主持人宣布会议开始 ...

证券代码：600343 证券简称：航天动力 公告编号：临 2025-051 陕西航天动力高科技股份有限公司 关于为子公司贷款提供担保的进展公告 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： | 宝鸡航天动力泵业有限公司（以下 | 简称宝鸡泵业）；江苏航天水力设备 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 被担保人名称 | 有限公司（以下简称江苏水力）；陕 | 西航天动力节能科技有限公司（以 | | | | | | 下简称节能公司）。 | | | | | | | | 本次担保金额 | 23,700 | 万元 | 担 | 保 | 对 | 象 | | 实际为其提供的担保余额 | 12,000 | 万元 | | | | | | 是否在前期预计额度内 | ☑是 | □否 | □不适用：_________ | | | | | 本次担保是否有反担保 | □是 | ☑否 | □不适用：_________ | | | | 担保对象及基本情况 累计担保情况 ...

Core Viewpoint - The commercial aerospace sector experienced a short-term surge, with significant stock price increases among key companies in the industry [1] Group 1: Stock Performance - Shanghai Huguang reached its daily limit up, indicating strong investor interest and confidence in the stock [1] - Aerospace Intelligent Equipment saw a rise of over 6%, reflecting positive market sentiment [1] - Other companies such as Shanghai Hanxun, Aerospace Dynamics, and Aerospace Technology also experienced upward movement in their stock prices, suggesting a broader rally in the sector [1]