证券简称：航天动力 证券代码：600343 编号：临 2025-048 陕西航天动力高科技股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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 11 月 07 日（星期五）上午 10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 二、业绩说明会召开的时间及地点 （一）会议召开时间：2025 年 11 月 07 日（星期五）上午 10:00-11:00 （二）会议召开地点：上证路演中心 （三）会议召开方式：上证路演中心网络互动 三、参加人员 1 证券简称：航天动力 证券代码：600343 编号：临 2025-048 投资者可于 2025 年 10 月 31 日（星期五）至 11 月 06 日（星期四）前登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 ...

证券代码：600343 证券简称：航天动力 公告编号：临 2025-047 陕西航天动力高科技股份有限公司 关于召开2025年第四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年第四次临时股东会 (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 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 11 月 18 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。 1 股东会召开日期：2025年11月18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 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运 作》等有关规定执 ...

证券代码：600343 股票简称：航天动力 编号：临 2025-044 陕西航天动力高科技股份有限公司 第八届董事会第十三次会议决议公告 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； （二）本次董事会会议通知于 2025 年 10 月 20 日以电话、短信形式发出；会 议资料于 2025 年 10 月 23 日以电子邮件形式发出； （三）本次董事会会议于 2025 年 10 月 29 日以通讯表决方式召开； （四）本次董事会会议应出席董事 8 人，实际出席董事 8 人； （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）审议通过公司 2025 年第三季度报告； 本议案已经公司董事会审计委员会审议通过，董事会审计委员会对该议案发表 了同意意见。 公司 2025 年第三季度报告详见公司于本公告同日在上海证券交易所网站 （www.sse.com.cn）披露的报告 ...

Group 1 - The core point of the article is that Aerospace Power (SH 600343) reported a significant decline in revenue and a net loss for the first three quarters of 2025, indicating financial challenges for the company [1] - For the first three quarters of 2025, the company's revenue was approximately 510 million yuan, representing a year-on-year decrease of 14.19% [1] - The net profit attributable to shareholders of the listed company was a loss of approximately 109 million yuan [1] Group 2 - As of the report date, Aerospace Power has a market capitalization of 9.7 billion yuan [2]

Financial Performance - The company's operating revenue for the third quarter was ¥181,845,381.55, a decrease of 16.45% compared to the same period last year[4] - The total profit for the third quarter was -¥37,689,764.20, with a year-to-date total profit of -¥123,802,158.22[4] - The net profit attributable to shareholders for the third quarter was -¥36,128,235.45, and -¥109,252,544.99 year-to-date[4] - The basic earnings per share for the third quarter was -¥0.056609, and -¥0.171187 year-to-date[5] - Total operating revenue for the first three quarters of 2025 was ¥509.51 million, a decrease of 13.1% compared to ¥593.78 million in the same period of 2024[19] - The net loss for the first three quarters of 2025 was ¥123.03 million, compared to a net loss of ¥88.11 million in the same period of 2024, representing a 39.6% increase in losses[20] - The operating profit for the first three quarters of 2025 was -¥103.18 million, compared to -¥83.17 million in 2024, indicating a worsening operational performance[20] - The basic and diluted earnings per share for the first three quarters of 2025 were both -¥0.1712, compared to -¥0.1305 in 2024, indicating a decline in shareholder value[21] Cash Flow - The net cash flow from operating activities for the third quarter was -¥23,737,647.18, with a year-to-date total of -¥144,105,064.27[4] - The net cash flow from operating activities was -144,105,064.27, compared to -177,179,258.23 in the previous period, indicating an improvement[24] - The total cash outflow from operating activities was 519,328,162.02, down from 686,520,382.13 in the previous period[24] - The total cash inflow from operating activities was 375,223,097.75, compared to 509,341,123.90 in the previous period, indicating a decrease[24] - The cash paid for purchasing goods and services was 290,461,975.99, down from 450,621,760.20 in the previous period[24] - The cash paid to employees was 156,647,610.51, slightly down from 162,426,240.82 in the previous period[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,885,343,894.67, a decrease of 3.62% from the end of the previous year[5] - The equity attributable to shareholders decreased by 7.30% to ¥1,356,212,925.09 compared to the end of the previous year[5] - Total current assets as of September 30, 2025, amount to 1,529,299,596.33 RMB, a decrease from 1,634,555,253.15 RMB at the end of 2024[15] - Total liabilities as of September 30, 2025, are 1,376,405,753.66 RMB, compared to 1,382,254,538.03 RMB at the end of 2024[16] - The total liabilities as of the end of the reporting period were ¥1.51 billion, slightly up from ¥1.50 billion at the end of the previous period[19] - The total equity attributable to shareholders of the parent company decreased to ¥1.36 billion from ¥1.46 billion, reflecting a decline of 7.4%[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 73,100[12] - The largest shareholder, Xi'an Aerospace Technology Industry Co., Ltd., holds 183,663,392 shares, accounting for 28.78% of total shares[12] Research and Development - The company reported a significant increase in research and development expenses, with a year-to-date increase of 188.97%[10] - Research and development expenses for the first three quarters of 2025 were ¥31.41 million, remaining relatively stable compared to ¥31.25 million in 2024[20] Tax and Other Expenses - The company reported a significant increase in tax expenses, with a total of ¥776,953.48 in 2025 compared to ¥325,666.85 in 2024[20] Cash and Equivalents - The company experienced a 52.14% decrease in cash and cash equivalents due to higher operational payments than receipts[10] - Cash and cash equivalents decreased to 123,317,133.09 RMB from 257,660,960.69 RMB[15] - The ending cash and cash equivalents balance was 110,193,147.16, compared to 94,022,795.41 in the previous period, showing an increase[25]

Core Viewpoint - Aerospace Power reported a decline in revenue and net profit for the third quarter and the first three quarters of the year, indicating financial challenges faced by the company [1] Financial Performance - The revenue for the third quarter was 182 million yuan, a year-on-year decrease of 16.45% [1] - The net profit for the third quarter showed a loss of 36.1282 million yuan [1] - For the first three quarters, the total revenue was 510 million yuan, reflecting a year-on-year decline of 14.19% [1] - The net profit for the first three quarters resulted in a loss of 109 million yuan [1]

陕西航天动力高科技股份有限公司 2025 年第三次临时股东会会议资料 二〇二五年十一月 1 航天动力 2025 年第三次临时股东会会议资料 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 年第三次临时股东会会议资料 目 录 | 2025 年第三次临时股东会会议议程 | 3 | | --- | --- | | 关于补选公司非独立董事的议案 | 5 | 2 航天动力 2025 年第三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 年第三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 4 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4日的9:15-15:00。 （二）现场会议时间：2025 年 11 月 4 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 2025-043 陕西航天动力高科技股份有限公司 关于为控股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： | | | 被担保人名称 | 简称江苏机电） | | 江苏航天动力机电有限公司（以下 | | --- | --- | --- | --- | --- | --- | | | | 本次担保金额 | 999.60 | 万元 | | | 担 象 | 保 对 | 实际为其提供的担保余额 | 1860 | 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 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 36,199.60 | | 对外担保总额占上市公司最近一 ...

Investment Rating - The report maintains a "Positive" investment rating for the military industry [2] Core Insights - The report emphasizes the timely achievement of the centenary goal of building a strong military, highlighting the modernization of national defense and military capabilities [13] - It identifies three dimensions—defense budget, military trade, and military-civilian integration—as key areas for growth in the military industry, indicating that the sector still has significant growth potential [20] - The report outlines a new "three-step" strategy for national defense and military modernization, aiming for substantial advancements by 2035 and a world-class military by the mid-21st century [17] Summary by Sections Section 1: National Defense and Military Goals - The Fourth Plenary Session of the 20th Central Committee emphasizes achieving the centenary goal of building a strong military and advancing military modernization [13] - The session outlines a strategic framework for military development, focusing on political, reform, technological, and talent-driven advancements [13] Section 2: Defense Budget and Military Trade - China's defense budget for 2025 is projected at 1.7847 trillion yuan, with a growth rate of 7.2%, which is higher than the GDP growth target [23] - The report notes that China's defense spending as a percentage of GDP has room to grow, with a current ratio lower than that of major Western countries [23][25] - China's military trade share in the global market is approximately 6%, with potential for significant growth if it reaches 10%-20% [28] Section 3: Military-Civilian Integration - The report highlights the commercial aviation sector's potential for growth, estimating that the domestic commercial aircraft market could be 2.5 times the current military aircraft market [33] - It discusses the expected growth in the commercial aerospace sector, driven by advancements in satellite technology and the establishment of large satellite constellations [39] Section 4: Space Industry Development - The Fourth Plenary Session calls for accelerated construction of a strong aerospace nation, with significant investments in commercial space initiatives [39] - The report details plans for multiple large-scale satellite constellations, with significant deployment milestones set for 2025, 2027, and 2030 [52][48] Section 5: Investment Strategy for the Military Industry - The report suggests a focus on companies that enhance product capabilities, market penetration, and customer pricing as key investment targets [71] - It emphasizes the importance of selecting stocks based on their potential for growth in the context of military modernization and technological advancements [71]

证券日报网讯10月17日晚间，航天动力（600343）发布公告称，同意补选刘新洲先生为公司第八届董事 会非独立董事候选人。 ...