Group 1 - The core index, the CSI High-end Equipment Sub-index 50, reflects the performance of 50 representative listed companies in the aerospace and high-end equipment sectors, with a base date of December 31, 2012, set at 1000.0 points [1] - The CSI High-end Equipment Sub-index 50 has seen a 2.48% increase over the past month, a 1.82% decrease over the past three months, and a 0.96% decline year-to-date [1] - The top ten weighted companies in the index include AVIC Shenyang Aircraft Corporation (7.3%), AVIC Optoelectronics (6.9%), Aero Engine Corporation of China (6.21%), and others, indicating a concentration in key players within the industry [1] Group 2 - The index's holdings are primarily in the industrial sector, accounting for 74.18%, followed by materials at 10.73%, information technology at 7.60%, and communication services at 7.49% [2] - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December, ensuring the index remains reflective of the current market [2] - Public funds tracking the CSI High-end Equipment Sub-index 50 include the Harvest CSI High-end Equipment Sub-index 50 Link A, Harvest CSI High-end Equipment Sub-index 50 Link C, and Harvest CSI High-end Equipment Sub-index 50 ETF [2]

2024年报与2025年一季度报告显示，军工板块处在短期业绩筑底阶段，头部公司尤其是主机厂一季度营 业收入同比复苏明显，净利润仍然承压 5月12日，A股航天军工板块"空中加油"，中船系、中航系、商业航天、大飞机等军工概念指数领涨沪 深两市，个股掀起涨停潮。 资本市场对军工行业的关注热度从上周开始明显升温，军工ETF上周的累计涨幅达4.91%,当时有分析认 为，印巴对抗强化国产装备性能端优势认知推升了资金炒作情绪。到本周，印巴冲突局势有所缓和，军 工板块依然走强。早盘军工ETF放量涨逾6%，午后涨幅收窄，收涨4.68%，截至收盘，中航成飞 （302132.SZ）、晨曦航空（300581.SZ）均录得"20CM"涨停；成飞集成（002190.SZ）连续四个交易日 涨停；中航沈飞（600760.SH）、中国船舶（600150.SH）、洪都航空（600316.SH）的涨幅均超过8%。 2024年报与2025年一季度报告显示，军工板块处在短期业绩筑底阶段，头部公司尤其是主机厂一季度营 业收入同比复苏明显，净利润仍然承压，而整个板块的盈利能力仍出现在上一轮周期以来的低点。多家 机构研报指出，军工股基本面没有更多利空因素， ...

每经记者｜刘明涛 每经编辑｜肖芮冬 今日上午，军工板块再度领涨全市场，多只个股涨停。在ETF市场，军工板块相关ETF涨幅同样靠前，包括军工龙头ETF（512710）在内的6只军工类ETF半 日涨幅超4%。其中，军工ETF（512660）半日成交金额高达15.48亿元，交投极其活跃。 | | | 军工行业相关ETF | | | --- | --- | --- | --- | | 代码 | 名称 | 涨幅％ | 现价 | | 512710 | 军工龙头ETF | 4.55 | 0.643 | | 512670 | 国防ETF | 4.49 | 0.745 | | 512660 | 军工ETF | 4.3 | 1.092 | | 512680 | 军工ETF龙头 | 4.29 | 21.119 | | 512810 | 国防军工ETF | 4.13 | 1.261 | | 512560 | 军工ETF易方达 | 4.06 | 0.666 | ETF份额变化来看，不到两个月时间，军工板块ETF份额增长较快。其中，军工龙头ETF（512710）和军工ETF（512660）近两个月份额增加超20亿份。 投资逻辑来看，当前 ...

Core Viewpoint - The number of aviation industrial parks in China is projected to reach 128 in 2024, an increase of 14 parks year-on-year, driven by strong national strategic support and favorable policies [1][12]. Industry Overview - Aviation industrial parks are designated areas focused on aviation-related manufacturing, research, maintenance, and operations, created to foster industry clustering and collaboration through government incentives [1]. Industry Development History - The development of China's aviation industrial parks has progressed through three stages: 1. Initial stage (2003-2008) with only 8 parks established 2. Steady growth phase (2009-2014) with the number increasing to 44 3. Rapid growth phase (2015-present) where the number of parks has surged, averaging 10 new parks annually [3]. Industry Chain - The upstream of the aviation industrial park industry chain includes raw materials, components, and basic equipment, while the midstream focuses on operations and services, and the downstream involves airlines and maintenance companies [5]. Current Industry Status - The aviation industry is experiencing a recovery with passenger transport expected to reach 730 million in 2024, a year-on-year increase of 18.1%, and air cargo volume increasing by 22.1% [12]. Policy Support - Recent policies, such as the "General Aviation Equipment Innovation Application Implementation Plan (2024-2030)", aim to enhance the supply capacity and innovation ability of general aviation equipment by 2027, providing a three-dimensional drive for aviation industrial parks [9][11]. Industry Development Trends 1. **Technological Upgrades**: The industry is focusing on innovation-driven high-quality development, with key areas including unmanned, electric, and intelligent technologies [21]. 2. **Industry Clustering**: Aviation industrial parks are becoming core carriers for industry chain integration, with significant regional differentiation and specialization [22]. 3. **International Cooperation**: There is an increasing trend of international collaboration, with domestic companies engaging in joint ventures and technology transfers to enhance global competitiveness [23].

Group 1 - The China Securities Military Industry Index (399967) has shown a strong increase of 4.24% as of May 7, 2025, with notable gains in constituent stocks such as AVIC Chengfei (302132) reaching a 20% limit up, and Zhongyun Drone (688297) rising by 16.37% [1] - The leading military ETF (512680) has also increased by 4.23%, marking its third consecutive rise, with a trading volume of 87.04 million yuan and a turnover rate of 2.31% [1] - The latest scale of the military ETF has reached 3.686 billion yuan, a new high for the year, with the latest share count at 3.544 billion, also a six-month high [1] Group 2 - The top ten weighted stocks in the China Securities Military Industry Index as of April 30, 2025, include China Shipbuilding (600150) and Guoke Technology (002625), accounting for a total of 37.03% of the index [2] - Positive signals have emerged in the military sector since 2024, with expectations of increased contract announcements and related transaction amounts in 2025, indicating a recovery in the military fundamentals [2] - According to GF Securities, the EU's defense industrial strategy is shifting towards self-sufficiency, aiming for 50% of defense equipment procurement to be sourced internally by 2030, which may benefit qualified Chinese companies with production capacity [2]

证券代码：600372 证券简称：中航机载 公告编号：临 2025-026 中航机载系统股份有限公司 关于股份回购进展公告 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： | 回购方案首次披露日 | 2025/4/19 | | --- | --- | | 回购方案实施期限 | 2025/4/21~2026/4/20 | | 预计回购金额 | 30,000.00万元(含)~50,000.00万元(含) | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 0.00万股 | | 累计已回购股数占总股本比例 | 0.00% | | 累计已回购金额 | 0.00万元 | 的《中航机载系统股份有限公司关于以集中竞价方式回购 A 股股份方 案的公告暨回购报告书》（公告编号：临 2025-021）。 二、 回购股份的进展情况 截至 2025 年 4 月 30 日，公司暂未实施股份回购。 三、 其他事项 公司将严 ...

中航产融（600705）公告，控股子公司中航投资拟通过非公开协议转让方式，向控股股东中航工业转让 所持中航西飞（000768）1.6亿股无限售流通股份(占总股本5.76%)及中航机载（600372）2267.72万股无 限售流通股份(占总股本0.47%)。交易完成后，公司及控股子公司将不再直接持有中航西飞和中航机载 股份。交易总价款为40.67亿元，尚需提交股东大会及中航工业董事会决议通过，并需取得中航工业批 复，办理股份过户登记手续。 ...

智通财经5月5日电，中航机载(600372.SH)公告称，公司股东中航投资拟将其持有的公司2267.72万股股 份（占公司股份总数的0.47%）以非公开协议转让方式转让给实际控制人中国航空工业集团。转让完成 后，中航投资不再持有公司股份，中国航空工业集团直接持有公司股份数量增加至30537.90万股，占公 司股份总数的6.31%。此次权益变动属于同一控制下股东之间的内部转让，不会导致公司控股股东及实 际控制人发生变化。 中航机载：中航投资拟向实际控制人转让公司2268万股股份 ...

证券代码：600372 证券简称：中航机载 公告编号：临 2025-025 中航机载系统股份有限公司 关于同一控制下股东拟非公开协议转让公司股份暨权益变动的 提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 2025 年 5 月 5 日，中航机载系统股份有限公司（以下简称公司、中航机 载）收到公司股东中航投资控股有限公司（以下简称中航投资）的通知，中航投 资与公司实际控制人中国航空工业集团有限公司（以下简称中国航空工业集团） 签署《资产转让协议》，拟将其所持有的公司 22,677,248 股股份（占公司股份总 数的 0.47%）以非公开协议转让方式向中国航空工业集团转让（以下简称本次协 议转让或本次权益变动）。 本次协议转让前，中航投资直接持有公司 22,677,248 股股份，占公司股 份总数的 0.47%；中国航空工业集团直接持有公司 282,701,714 股股份，占公司 股份总数的 5.84%。本次协议转让完成后，中航投资不再持有公司股份，中国航 空工业集团直接持有公司股份数量增加至 305,378,962 股，占公司股份总数 ...

Core Viewpoint - The announcement details a share transfer agreement between AVIC Investment and its controlling entity, AVIC, which will result in a change in shareholding structure without altering the controlling shareholder or actual controller of the company [1] Group 1 - AVIC Investment will transfer 22,677,200 shares, representing 0.47% of the total shares of the company, to AVIC through a private agreement [1] - After the transfer, AVIC's shareholding will increase to 6.31%, while AVIC Investment will no longer hold any shares in the company [1] - This transaction is classified as an internal transfer between shareholders under the same control, ensuring no change in the company's controlling shareholder or actual controller [1]