Core Viewpoint - Guizhou Aviation Industry Co., Ltd. (600523.SH) reported a year-on-year revenue increase of 8.65% for the first three quarters of 2025, reaching a total revenue of 1.87 billion yuan [1] Financial Performance - The company achieved a net profit attributable to shareholders of 118 million yuan, reflecting a year-on-year growth of 0.77% [1] - Basic earnings per share were reported at 0.29 yuan [1]

证券代码：600523 证券简称：贵航股份 公告编号：2025-037 特此公告。 贵州贵航汽车零部件股份有限公司董事会 2025 年 10 月 29 日 《2025 年第三季度报告》已经公司董事会审计委员会审议通过，一致同意提交董事 会审议。 二、8 票同意、0 票弃权、0 票反对，审议通过了《关于聘任公司总法律顾问的议 案》； 该议案已经公司董事会提名委员会审议通过，一致同意提交董事会审议。 详见《关于聘任公司总法律顾问的公告》。 贵州贵航汽车零部件股份有限公司 第七届董事会第二十六次会议决议公告 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个别及连带责任。 贵州贵航汽车零部件股份有限公司（以下简称"公司"）第七届董事会第二十六次 会议通知于 2025 年 10 月 17 日以现场送达、电子邮件形式向公司全体董事发出。本次 会议于 2025 年 10 月 28 日以现场+视频方式在贵阳市经济技术开发区浦江路 361 号公司 会议室召开，本次会议应到 8 人，实到 8 人。与会董事对会议审议事项进行了表决。符 合《公司法》、《公司章 ...

Financial Performance - The company's operating revenue for the third quarter was ¥635,886,422.08, an increase of 4.90% compared to the same period last year[5]. - The total profit for the quarter was ¥37,979,141.51, a decrease of 17.37% year-on-year[5]. - The net profit attributable to shareholders was ¥30,620,173.20, down 29.19% from the previous year[5]. - The net profit after deducting non-recurring gains and losses was ¥19,675,452.99, a decline of 43.34% compared to the same period last year[5]. - The basic earnings per share for the quarter was ¥0.07, a decrease of 36.36% year-on-year[6]. - The weighted average return on equity was 0.99%, down 0.46 percentage points from the previous year[6]. - The net profit for the first three quarters of 2025 is CNY 122,783,437.31, a slight increase from CNY 120,452,311.64 in the same period of 2024, representing a growth of approximately 1.93%[24]. - The net profit attributable to shareholders of the parent company is CNY 118,099,495.71, compared to CNY 117,199,272.56 in the previous year, indicating a growth of about 0.77%[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,065,080,449.11, a decrease of 2.69% compared to the end of the previous year[6]. - The company's total assets as of September 30, 2025, amounted to ¥4,065,080,449.11, a decrease from ¥4,177,549,991.70 at the end of 2024[20]. - Current assets totaled ¥2,178,977,381.84 as of September 30, 2025, down from ¥2,354,747,603.76 at the end of 2024, representing a decline of 7.45%[19]. - Non-current assets increased to ¥1,886,103,067.27 as of September 30, 2025, compared to ¥1,822,802,387.94 at the end of 2024, reflecting a growth of 3.49%[19]. - Total liabilities decreased to ¥865,888,389.18 as of September 30, 2025, from ¥1,046,682,565.52 at the end of 2024, a reduction of 17.28%[20]. - The company's equity attributable to shareholders increased to ¥3,130,552,222.46 as of September 30, 2025, compared to ¥3,066,267,171.30 at the end of 2024, an increase of 2.09%[20]. Cash Flow - Cash and cash equivalents decreased by 30.20% at the end of the reporting period compared to the end of the previous year, mainly due to cash payments to suppliers[11]. - The total cash inflow from operating activities for the first three quarters of 2025 is CNY 1,307,273,180.12, up from CNY 1,065,541,309.50 in 2024, reflecting an increase of approximately 22.73%[27]. - The cash outflow from operating activities is CNY 1,334,739,080.33, compared to CNY 1,126,581,759.20 in the previous year, resulting in a net cash flow from operating activities of CNY -27,465,900.21, an improvement from CNY -61,040,449.70 in 2024[27]. - The cash flow from investing activities shows a net outflow of CNY -39,547,150.74, which is an improvement from CNY -69,307,758.36 in the same period last year[28]. - The cash flow from financing activities resulted in a net outflow of CNY -60,973,321.56, slightly higher than CNY -59,904,475.27 in 2024[28]. - The ending cash and cash equivalents balance is CNY 311,936,079.28, down from CNY 336,386,951.61 at the end of the previous year[28]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 24,322[14]. - The largest shareholder, China Aviation Automobile System Holding Co., Ltd., holds 149,623,188 shares, accounting for 37.01% of total shares[14]. Research and Development - Research and development expenses increased by 40.35% compared to the same period last year, mainly due to increased R&D investment by subsidiaries[11]. - Research and development expenses for the first three quarters of 2025 were ¥110,634,574.23, up from ¥95,612,409.83 in 2024, indicating a year-over-year increase of 15.71%[23]. Investment Income - Investment income increased by 209.02% compared to the same period last year, primarily due to increased investment income from Hande (China)[11]. - Investment income for the first three quarters of 2025 was ¥54,665,746.41, significantly higher than ¥32,892,172.89 in 2024, marking an increase of 66.36%[23]. Non-Recurring Gains and Losses - Non-recurring gains and losses amounted to ¥10,944,720.21 for the quarter[9]. - The decrease in net profit attributable to shareholders was primarily due to the transfer of Huayang Electric's relocation and the increase in non-recurring gains and losses[10]. - Diluted earnings per share decreased by 36.36 yuan compared to the same period last year, primarily due to a decrease in net profit attributable to shareholders[11]. Mergers and Acquisitions - The company has not executed any mergers or acquisitions during the reporting period, with no net profit reported from merged entities[24].

Core Insights - Guihang Co., Ltd. reported third-quarter revenue of 636 million yuan, representing a year-on-year increase of 4.90% [1] - The net profit for the third quarter was 30.62 million yuan, showing a decline of 29.19% compared to the previous year [1] - For the first three quarters, the total revenue reached 1.87 billion yuan, reflecting a year-on-year growth of 8.65% [1] - The net profit for the first three quarters was 118 million yuan, which is a slight increase of 0.77% year-on-year [1]

Core Viewpoint - The Zhonghang Index (884931.WI) experienced a strong intraday surge, with a daily increase of 2.02% on October 24, indicating positive market sentiment towards the aerospace sector [1] Group 1: Index Performance - The Zhonghang Index (884931.WI) saw a daily rise of 2.02% [1] - The strong performance reflects a bullish trend in the aerospace industry [1] Group 2: Leading Stocks - Key stocks contributing to the index's rise include: - Aviation Power - Aviation Development Technology - Zhonghang Fei - Guizhou Aviation - Zhonghang Shenfei [1]

格隆汇10月20日丨贵航股份(600523.SH)公布，公司于近日收到股东贵阳工投出具的《集中竞价减持股 份结果告知函》，截止本公告日，贵阳工投减持期限已届满，贵阳工投通过集中竞价方式累计减持公司 股份 273.84万股，占公司总股本0.68%。 ...

重要内容提示： 大股东持股的基本情况 本次减持计划实施前，贵阳市工业投资有限公司（以下简称"贵阳工投") 持有贵州贵航汽车零部件股份有限公司(以下简称"公司")股份 20,834,277 股， 占公司总股本的 5.15%。 证券代码：600523 证券简称：贵航股份 公告编号：2025-036 贵州贵航汽车零部件股份有限公司 股东集中竞价减持股份结果公告 本公司董事会、全体董事及相关股东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。 减持计划的实施结果情况 公司于 2025 年 6 月 28 日在上海证券交易所网站披露了《持股 5%以上股东 集中竞价减持股份计划公告》（公告编号：2025-019），股东贵阳工投计划自该 公告披露之日起 15 个交易日后的三个月内（2025 年 7 月 21 日至 2025 年 10 月 18 日）以集中竞价交易方式减持其所持有的公司股份，数量合计不超过 4,000,000 股，减持比例不超过公司总股本的 1%。 (一)大股东因以下事项披露减持计划实施结果： 披露的减持时间区间届满 | 股东名称 | 贵阳市工业投资有 ...

格隆汇10月20日丨贵航股份(600523.SH)公布，公司于近日收到股东贵阳工投出具的《集中竞价减持股 份结果告知函》，截止本公告日，贵阳工投减持期限已届满，贵阳工投通过集中竞价方式累计减持公司 股份273.84万股，占公司总股本0.68%。 ...

格隆汇10月20日丨贵航股份(600523.SH)公布，公司于近日收到股东贵阳工投出具的《集中竞价减持股 份结果告知函》，截止本公告日，贵阳工投减持期限已届满，贵阳工投通过集中竞价方式累计减持公司 股份273.84万股，占公司总股本0.68%。 ...

Group 1 - Military stocks showed strong performance at the beginning of trading, with Tongda Co. and Chengfei Integration hitting the daily limit, while Dongli Source rose over 7% and Qifeng Precision increased by over 6% [1] - Other companies such as AVIC Chengfei, Hongdou Co., Kerun Zhikong, Lijun Co., and Guihang Co. also saw gains exceeding 5% [1] - The Indonesian Defense Minister confirmed the country's intention to purchase Chinese J-10 fighter jets, although he did not disclose specific details regarding the timeline or quantity of the procurement [1]