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年第一次临时股东会的 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 北京BEIJING·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年第一次临时股东会的 法律意见书 嘉源(2025)-04-344 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年第一次临时股东会（以下简称"本次股东会"）进行见证， 并依法出具本法律意见书。 为出具本法律意见书，本所指派律师 ...

Mergers and Acquisitions - Multiple companies are experiencing stock price increases due to merger and acquisition activities, with notable gains including Zongyi Co. at 10.10% and Daqimo at 10.06% [2][3] - New entrants in the market such as Binhai Energy and Jinhongshun also saw significant increases of 10.00% and 9.98% respectively, attributed to similar merger activities [2] - The trend continues with companies like Huayuan Real Estate and Hunan Development achieving first board listings with gains of 9.94% and 9.97% [3] Shipping and Ports - Following the implementation of tariff adjustments between China and the US, there has been a surge in container bookings from China to the US, positively impacting shipping and port stocks [4] - Nanjing Port, Ningbo Shipping, and Lianyungang have all recorded five consecutive days of price increases, with gains of 9.97%, 10.04%, and 10.07% respectively [4][6] Robotics - The robotics sector is gaining attention, with Nvidia's CEO indicating that all mobile devices will become robots, potentially revolutionizing the industrial sector [7] - Companies like Zhongchao Holdings and Xinlong Health have seen stock increases of 10.13% and 10.01% respectively, driven by advancements in robotics [8] Chemical Products - Recent price hikes in chemical products such as dibutyl phthalate and hydroxyl esters have drawn market attention, benefiting companies like Zhongyida and Youfu Co. with stock increases of 9.99% and 10.04% [10][11] Food and Beverage - The release of new regulations by the Ministry of Commerce and the National Development and Reform Commission is expected to boost the food and beverage sector, with stocks like Jiaoda Angli and Baihe Co. seeing gains of 10.00% and 10.01% [12][15] Military and Aerospace - The debut of the "Jiutian" drone at the 15th China Airshow is anticipated to enhance the military sector, with companies like Chengfei Integration and Lijun Co. achieving stock increases of 10.00% and 10.02% [16][19] Nuclear Power - The announcement of procurement projects by China Fusion Energy Co. is expected to stimulate the nuclear power sector, benefiting companies like Wangzi New Materials and Baili Electric with stock increases of 9.99% and 9.92% [16][17] Venture Capital - Recent regulatory changes encouraging private equity participation in mergers and acquisitions are positively impacting venture capital stocks, with companies like Jiuding Investment and Electronic City seeing gains of 10.01% and 9.90% [19] Pet Economy - The pet economy is projected to grow significantly, with companies like Yuande Pet and Tianyuan Pet achieving stock increases of 9.98% and 20.00% [20][21] Carbon Fiber - Price increases in carbon fiber products have been reported, benefiting companies like Jilin Chemical Fiber with a stock increase of 10.04% [22][23] Smart Driving - The Ministry of Industry and Information Technology's push for mandatory standards in smart connected vehicles is expected to drive growth in the automotive sector, with companies like Wan'an Technology and Luchang Technology seeing stock increases of 10.00% [26][27] Rare Earth Permanent Magnets - Tightening supply of rare earth materials due to export controls has led to price increases, benefiting companies like Huayang New Materials and Jiuwu High-Tech with stock increases of 10.10% and 20.02% [28][29] Huawei Harmony - Huawei's upcoming product launch is expected to positively impact related stocks, with companies like Dongfang Zhongke and Dahua Intelligent seeing stock increases of 10.01% and 9.94% [30]

航天动力 2025 年第一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 年第一次临时股东会会议资料 二〇二五年五月 1 航天动力 2025 年第一次临时股东会会议资料 目 录 | 2025 年第一次临时股东会会议议程 3 | | --- | | 关于预计公司 2025 年度日常经营关联交易金额的议案 5 | | 关于与航天科技财务有限责任公司签署《金融服务协议》暨关联交易的议案 14 | 2025 年第一次临时股东会会议议程 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 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 5 月 20 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5月20日的9:15-15:00。 2 （二）现场会议时间：2025 年 5 月 20 日 14:30 航天动力 2025 年第一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 北京市嘉源律师事务所律师 五、会议议程 3 （一）主持人宣布会议开 ...

Core Insights - The successful production of the 100th liquid oxygen-methane rocket engine by Blue Arrow Aerospace marks a significant milestone in China's commercial space industry, transitioning from single-unit breakthroughs to mass production [1][2] - The choice of liquid oxygen-methane as rocket fuel is driven by its cost-effectiveness and efficient combustion properties, which are essential for reducing operational costs in commercial space endeavors [1] - The successful launch of the Zhuque-2 remote second carrier rocket in July 2023, utilizing the liquid oxygen-methane engine, fills several technological gaps in domestic liquid oxygen-methane rocket capabilities [1] Company Developments - Blue Arrow Aerospace has developed three series of engines, namely "Tianque," "Tianque A," and "Tianque B," which are characterized by strong thrust, lightweight structure, and wide adjustment range [1] - The company has demonstrated its engineering capabilities to support high-density, low-cost, and reusable commercial launches, laying a solid foundation for the normalization of commercial space launches in China [2] Industry Context - The local government has provided comprehensive support in technology innovation, industry assistance, and resource guarantees, showcasing the deep integration and collaborative development between private aerospace enterprises and local industrial policies [2] - The aerospace industry chain in Huzhou, Zhejiang, has over 40 upstream and downstream enterprises, indicating a growing ecosystem for commercial space activities [2]

证券代码：600343 证券简称：航天动力 公告编号：临 2025-019 陕西航天动力高科技股份有限公司 关于召开2025年第一次临时股东会的通知 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： 一、 召开会议的基本情况 (一)股东会类型和届次 2025年第一次临时股东会 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 5 月 20 日 14 点 30 分 召开地点：西安市高新区锦业路 78 号航天动力公司中心会议室 (五)网络投票的系统、起止日期和投票时间。 股东会召开日期：2025年5月20日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 无。 网络投票系统：上海证券交易所股东会网络投票系统 二、 会议审议事项 网络投票起止时间：自2025 年 5 月 20 日 至2025 年 5 月 20 日 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股 ...

证券代码：600343 股票简称：航天动力 编号：临 2025-018 陕西航天动力高科技股份有限公司 关于将前次股东会未通过议案再次提交股东会 审议的说明公告 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、前次股东会未获通过议案的情况 陕西航天动力高科技股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日 召开 2024 年年度股东会，经会议审议，《关于预计公司 2025 年度日常经营关联交 易金额的议案》《关于与航天科技财务有限责任公司签署<金融服务协议>暨关联交 易的议案》未获通过。具体表决情况如下： （一）《关于预计公司 2025 年度日常经营关联交易金额的议案》； 关联股东西安航天科技工业有限公司、西安航天发动机有限公司、陕西苍松机 械有限公司已回避表决； 关联股东西安航天科技工业有限公司、西安航天发动机有限公司、陕西苍松机 械有限公司已回避表决； 表决情况：同意 2,987,020 股，占出席本次股东会有效表决权股份总数的 39.6937％；反对 4,445,240 股，占出席本次股东会有效表决 ...

（二）本次董事会会议通知于 2025 年 4 月 29 日以电话、短信形式发出；会议 资料于 2025 年 4 月 29 日以电子邮件形式发出； （三）本次董事会会议于 2025 年 4 月 30 日以通讯表决的方式召开； （四）本次董事会会议应出席董事 9 人，实际出席董事 9 人； 证券代码：600343 股票简称：航天动力 编号：临 2025-017 陕西航天动力高科技股份有限公司 第八届董事会第六次会议决议公告 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法律责任。 一、董事会会议召开情况 （一）本次董事会会议的召开符合《公司法》《公司章程》的规定； 内容详见公司于本公告同日在上海证券交易所网站（www.sse.com.cn）、《上 海证券报》披露的公司临 2025-019 号公告。 1 （五）本次董事会会议由董事长孙彦堂先生主持。 二、董事会会议审议情况 会议审议了列入会议议程的全部议案，经审议表决形成如下决议： （一）审议通过《关于再次提请股东会审议关于预计公司 2025 年度日常经营 关联交易金额的议案、关于与航天科技财 ...

Financial Performance - The company reported a basic earnings per share of -0.0410 yuan for Q1 2025, a decrease of 14.53% compared to -0.0358 yuan in Q1 2024 [1] - The net profit for Q1 2025 was -0.26 billion yuan, reflecting a 13.04% decline from -0.23 billion yuan in Q1 2024 [1] - The return on equity (ROE) was -1.80% in Q1 2025, which is a 28.57% decrease from -1.40% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 31,104.78 million shares, accounting for 48.75% of the circulating shares, with an increase of 160.16 million shares compared to the previous period [2] - The largest shareholder is Xi'an Aerospace Technology Industrial Co., Ltd., holding 18,366.34 million shares, which is 28.78% of the total share capital [3] - Notable changes among the top shareholders include an increase of 67.00 million shares held by Zhang Sufen and a decrease of 30.60 million shares held by Shen Juanmei [3] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [4]

证券代码：600343 证券简称：航天动力 公告编号：临 2025-016 陕西航天动力高科技股份有限公司 2024年年度股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：有 2、董事会秘书出席会议；部分高管列席会议。 二、 议案审议情况 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 4 月 28 日 (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 | 288 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 268,453,964 | | 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（%） | 42.0638 | (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 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥158,225,121.75, a decrease of 1.05% compared to ¥159,898,143.01 in the same period last year[4] - The net profit attributable to shareholders was -¥26,173,674.31, compared to -¥22,874,289.18 in the previous year, indicating a worsening performance[4] - Net profit for Q1 2025 was a loss of ¥28,351,768.86, compared to a loss of ¥23,301,586.66 in Q1 2024, representing a decline of 21.5%[16] - The total comprehensive loss for Q1 2025 was ¥28,351,768.86, compared to a loss of ¥23,301,586.66 in Q1 2024[16] - The weighted average return on equity was -1.8043%, compared to -1.3993% in the previous year, indicating a decline in profitability[5] Cash Flow - The net cash flow from operating activities was -¥91,084,330.34, an improvement from -¥106,789,207.58 year-on-year[4] - Operating cash flow for Q1 2025 was negative at ¥91,084,330.34, an improvement from a negative cash flow of ¥106,789,207.58 in Q1 2024[17] - The net cash inflow from investment activities amounted to $15,031,000[18] - The cash outflow for the acquisition of fixed assets, intangible assets, and other long-term assets was $12,857,376.30[18] - The net cash flow from financing activities was -$2,521,083.64, indicating a decrease in cash from financing[18] - The total cash and cash equivalents at the end of the period were $133,274,677.24, down from $239,737,467.52 at the beginning[18] - The company experienced a decrease in cash and cash equivalents of $106,462,790.28 during the reporting period[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,899,024,972.01, down 3.17% from ¥2,993,796,789.84 at the end of the previous year[5] - Current assets total CNY 1,539,686,091.17, down from CNY 1,634,555,253.15 in the previous period[13] - Total liabilities are reported at CNY 1,433,980,161.93, a decrease from CNY 1,501,854,892.64[14] - The company's total assets as of March 31, 2025, amount to CNY 2,899,024,972.01, a decrease from CNY 2,993,796,789.84 at the end of 2024[12] Shareholder Information - The total number of common shareholders at the end of the reporting period is 58,585[11] - The largest shareholder, Xi'an Aerospace Technology Industry Co., Ltd., holds 183,663,392 shares, accounting for 28.78% of total shares[11] Research and Development - The company reported a significant increase in development expenditures by 52.20%, reflecting increased investment in R&D[8] - Research and development expenses rose to ¥8,967,656.78 in Q1 2025, an increase of 22.73% from ¥7,305,010.86 in Q1 2024[15] Income and Expenses - Total operating costs increased to ¥191,563,398.98 in Q1 2025, up 3.76% from ¥185,311,588.80 in Q1 2024[15] - The company experienced a 126.68% increase in other income, primarily due to increased VAT refunds[8] - The company reported a significant increase in non-operating income by 165.98%, mainly from the write-off of unpayable payables[8] - The company recorded an investment loss of ¥634,821.27 in Q1 2025, an improvement from a loss of ¥877,701.95 in Q1 2024[16] - The company received $69,500,000 in cash from borrowings during the financing activities[18] - Cash paid for debt repayment was $70,000,000, reflecting a significant outflow[18] Other Information - The company has a cash balance of CNY 152,006,638.57, down from CNY 257,660,960.69[12] - Accounts receivable decreased to CNY 594,900,935.88 from CNY 637,078,201.37[12] - The company has no significant changes in major shareholders participating in margin trading or securities lending[12] - The company will not apply new accounting standards starting from 2025[18]