关于公司董事、总经理离任的公告 证券代码：600760 证券简称：中航沈飞 公告编号：2026-003 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： 中航沈飞股份有限公司（以下简称"公司"）董事会近日收到邢一新先生、刘年财先生的书面辞职报告， 邢一新先生因工作变动原因申请辞去公司董事、董事会战略与ESG委员会委员、总经理职务；刘年财先 生因工作变动原因申请辞去公司董事职务。 一、提前离任的基本情况 中航沈飞股份有限公司 二、离任对公司的影响 根据《中华人民共和国公司法》及《公司章程》等相关规定，邢一新先生、刘年财先生的辞职报告自送 达董事会之日起生效。邢一新先生、刘年财先生的离任不会导致公司董事会人数低于法定人数，不影响 公司董事会的正常运作。截至本公告披露日，邢一新先生、刘年财先生已按照公司相关规定做好工作交 接。 邢一新先生、刘年财先生在任职期间恪尽职守、勤勉尽责，公司董事会对邢一新先生、刘年财先生为公 司发展所做出的贡献表示衷心感谢！ 特此公告。 中航沈飞股份有限公司董事会 2026年1月20日 ■ ...

午后大飞机概念持续拉升，航发控制、中航机载涨停，此前北摩高科、航发科技涨停，航亚科技涨超 10%，航发动力、中航西飞、中航沈飞等跟涨。 ...

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： 中航沈飞股份有限公司（以下简称"公司"）董事会近日收到邢一新先生、 刘年财先生的书面辞职报告，邢一新先生因工作变动原因申请辞去公司董事、董 事会战略与 ESG 委员会委员、总经理职务；刘年财先生因工作变动原因申请辞去 公司董事职务。 | | | | | 原定任期 | | | 离任 | 是否继续在 上市公司及 | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 姓名 | 离任职务 | 离任时间 | | | | | | | | | | | | | 到期日 | | | 原因 | 其控股子公 | 毕的公开 | | | | | | | | | | 司任职 | 承诺 | | 邢一新 | 董事、董事会 战略与 ESG | 2026 | 年 1 | 2027 | 年 | 2 | 工作 | 否 | 否 | | | 委员会委员、 | 月 16 | 日 | 月 28 | | 日 | ...

格隆汇1月19日丨中航沈飞(600760.SH)公布，公司董事会近日收到邢一新先生、刘年财先生的书面辞职 报告，邢一新先生因工作变动原因申请辞去公司董事、董事会战略与ESG委员会委员、总经理职务；刘 年财先生因工作变动原因申请辞去公司董事职务。 ...

格隆汇1月19日丨中航沈飞(600760.SH)公布，公司董事会近日收到邢一新先生、刘年财先生的书面辞职 报告，邢一新先生因工作变动原因申请辞去公司董事、董事会战略与ESG委员会委员、总经理职务；刘 年财先生因工作变动原因申请辞去公司董事职务。 ...

Investment Rating - The report rates the military industry as "Overweight" [12] Core Insights - The military industry is expected to have a long-term positive trend, supported by the 20th National Congress of the Communist Party of China, which emphasizes achieving the centenary goal of building a strong military and advancing the modernization of national defense and the military [7][8] - The military sector has recently experienced a decline, with the defense and military index dropping by 5.66%, underperforming the market by 5.21 percentage points [12][13] - Major aerospace state-owned enterprises have set goals for the 14th Five-Year Plan, focusing on advancing aerospace defense industries and internationalization [8][9] Summary by Sections Industry Performance - The military sector index fell by 5.66% from January 12 to January 17, 2026, while the Shanghai Composite Index decreased by 0.45% and the ChiNext Index increased by 1.0% [12][13] - The China Securities National Security Index performed the best among military indices, with a decline of 1.77% [15] Major News in the Military Industry - Internationally, Russia has conducted large-scale strikes on Ukrainian military and energy facilities using precision-guided weapons and drones [21][22] - Domestically, the aerospace industry is focusing on key tasks for the 14th Five-Year Plan, including advancements in manned lunar missions and deep space exploration [8][9] Investment Recommendations - Recommended companies include: 1. Assembly: AVIC Shenyang Aircraft Corporation, AVIC Xi'an Aircraft Industry Group, Aero Engine Corporation of China 2. Components: AVIC Optoelectronics, Zhimin Technology, Shaanxi Huada, Ruichuang Micro-Nano, Unisoc 3. Subsystems: Aerospace Electronics, Guorui Technology, Guobang Electronics, AVIC Avionics, Northern Navigation, Aerospace Nanhu 4. Materials and Processing: Jiachih Technology, AVIC High-Tech, Western Materials, Aviation Materials, Hangya Technology, Guangwei Composite, Filihua, Huayin Technology, Bolite [9][10]

股 票 研 究 两航天央企锚定"十五五"航天强国目标，俄称打击乌军工设施 [Table_Industry] 军工 军工行业周报 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 宋博(分析师) | 010-83939829 | songbo3@gtht.com | S0880522120007 | | 杨天昊(分析师) | 010-83939791 | yangtianhao@gtht.com | S0880523080010 | 本报告导读： 军工板块下跌，两航天央企先后召开 2026 年工作会议，锚定"十五五"航天强国目 标。俄称俄军使用精确制导武器和无人机，对乌克兰能源和军工综合设施发动了大 规模打击。 投资要点： [Table_Report] 相关报告 军工《中国航天 2025 发射次数创新高，美军费或 将提至 1.5 万亿美元》2026.01.11 军工《美国"闪击"委内瑞拉，俄宣布 2030 年前 研制出核动力航天发动机原型》2026.01.05 军工《火箭军武器装备实现跨越式发展，美军将 建造"特朗普级"战舰》2 ...

资金流向方面，主力资金净流入1556.82万元，特大单买入6240.07万元，占比7.29%，卖出3647.03万 元，占比4.26%；大单买入2.13亿元，占比24.91%，卖出2.24亿元，占比26.12%。 截至9月30日，中航沈飞股东户数10.00万，较上期减少19.80%；人均流通股27472股，较上期增加 24.69%。2025年1月-9月，中航沈飞实现营业收入206.07亿元，同比减少18.54%；归母净利润13.62亿 元，同比减少25.10%。 分红方面，中航沈飞A股上市后累计派现43.56亿元。近三年，累计派现29.92亿元。 机构持仓方面，截止2025年9月30日，中航沈飞十大流通股东中，富国中证军工龙头ETF（512710）位 居第四大流通股东，持股2475.56万股，相比上期增加359.33万股。华夏上证50ETF（510050）位居第六 大流通股东，持股2106.23万股，相比上期减少57.60万股。华泰柏瑞沪深300ETF（510300）位居第八大 流通股东，持股1877.28万股，相比上期减少84.65万股。国泰中证军工ETF（512660）位居第十大流通 股东，持股1069. ...

Core Insights - The report highlights the promising outlook for the commercial aerospace sector and increased attention on large aircraft and military trade [2][3] - The construction of a space power is accelerating, with a focus on breakthroughs in reusable rocket technology and the development of new industries such as commercial aerospace and low-altitude economy [5][13] - Airbus has set a record for civil aircraft orders, with a total of 8,754 aircraft in backlog by the end of 2025, indicating strong market demand [5][13] - Military trade is expected to improve, with significant defense export growth reported in the UK, reaching over £20 billion in 2025 [5][14] Investment Strategy - The report recommends focusing on companies that align with the "S-curve" evolution, emphasizing supply chain reform and automation trends, with specific recommendations for companies like Aero Engine Corporation and AVIC [5][15] - It also suggests targeting companies involved in military trade, large aircraft, and low-altitude economy, highlighting firms such as Guorui Technology and China Power [5][15] - New emerging industries such as commercial aerospace, AI, and quantum computing are also identified as key areas for investment, with recommendations for companies like Ruichuang Micro-Nano and Ziguang Guowei [5][15] Company Valuation and Financial Analysis - The report provides detailed financial metrics for key companies in the defense and aerospace sector, including expected earnings per share (EPS) and price-to-earnings (PE) ratios for 2025 and 2026 [6] - For instance, Aero Engine Corporation is projected to have an EPS of 0.22 CNY in 2025, with a PE ratio of 184.41x, indicating strong growth potential [6] - Other companies like AVIC Heavy Machinery and Guorui Technology are also highlighted for their expected profitability and market positioning [6][25][27]

Group 1 - The report indicates that Shanghai Pudong Development Bank is expected to maintain a double-digit profit growth, with risk indicators reaching optimal levels in recent years [4][5] - The bank's revenue is projected to grow by 1.88% year-on-year in 2025, while net profit attributable to shareholders is expected to increase by 10.52% [4][5] - The total assets of the bank are anticipated to exceed 10 trillion yuan, with a year-on-year growth rate rising from 5.05% to 6.55% in Q4 2025 [4][5] Group 2 - The transportation industry report highlights growth in transportation operations and dividend value in infrastructure businesses for 2026 [6] - The aviation sector is expected to see improved supply-demand dynamics, with passenger load factors reaching 85.2% and a potential recovery in ticket prices [8][9] - The express delivery sector is projected to maintain structural growth, with a business volume of 180.74 billion pieces in 2025, reflecting a year-on-year increase of 14.9% [10][11] Group 3 - The maritime sector is expected to experience long-term upward trends, particularly in oil transportation due to increasing demand and potential supply reductions [13][14] - The report notes that the demand for container shipping remains stable, with improvements in supply structure, while bulk shipping is supported by increased demand from specific projects [13][14] Group 4 - The report on Aerospace Hongtu indicates a promising outlook for overseas business growth, with significant contracts signed for satellite and ground system procurement [19][21] - The company is actively expanding its commercial aerospace capabilities, having launched a series of high-resolution radar satellites and developed an integrated satellite and rocket layout [22][23] Group 5 - The report on Zhuoyi Information emphasizes the dual growth drivers of AI and IDE products, with significant market potential and a focus on domestic and international developer communities [24][25] - The company is positioned to benefit from the integration of its BIOS products into the supply chain, enhancing its market presence in the context of domestic substitution [27][28] Group 6 - Zhonghui Biopharmaceutical is focused on innovative vaccine development, with its quadrivalent influenza vaccine already on the market and significant growth expected in its product pipeline [31][32] - The company aims to achieve profitability by 2027, driven by the commercialization of its core products and a robust vaccine pipeline [34]