中航沈飞股份有限公司 2025年第三次临时股东会 一、会议时间 2025年12月26日13:30 二、会议地点 会 议 资 料 2025年12月26日 中航沈飞股份有限公司 2025 年第三次临时股东会 中航沈飞股份有限公司 2025年第三次临时股东会议程 辽宁省沈阳市皇姑区陵北街1号沈飞宾馆会议室 三、会议议程 （一）介绍股东会参会情况 （二）宣读并审议以下议案： 议案一：《关于中航沈飞2025年前三季度利润分配方案的议 案》 议案二：《关于中航沈飞续聘会计师事务所的议案》 议案三：《关于中航沈飞2025年度日常关联交易执行情况及 2026年度日常关联交易预计情况的议案》 （三）股东发言，董事及高管回答股东提出的问题 （四）提名并选举监票人 （五）现场与会股东对议案进行投票表决 （六）宣读现场投票表决结果 （七）律师宣读本次股东会法律意见书 中航沈飞股份有限公司 2025 年第三次临时股东会 （八）现场与会董事、高管和董秘签署会议文件 中航沈飞股份有限公司 2025 年第三次临时股东会 股东会须知 为保障中航沈飞股份有限公司全体股东的合法权益，维护股 东会的正常秩序，保证股东会的议事效率，确保股东会如期、顺 ...

Group 1 - The commercial aerospace sector is experiencing a significant upward trend, with key stocks like Beimo Gaoke and China Satellite hitting the daily limit, and the Aerospace ETF Tianhong (159241) rising by 2.15%, reaching a cumulative increase of 11% since November 14 [1] - The Aerospace ETF Tianhong (159241) tracks the highest military content index in the market, with over 67% weight in "Aerospace Equipment + Aviation Equipment," benefiting from advancements in national defense and aerospace technology [1] Group 2 - SpaceX's valuation has surged to between 800 billion and 1.5 trillion USD, indicating a move towards an IPO as the company enters a regulatory quiet period [2] - Domestic commercial aerospace is also active, with the Tianlong No. 3 and Long March 12甲 rockets preparing for their first flights, and AVIC Chengfei announcing a 420 million USD investment in a space equipment assembly base [2] - The Shenzhen Low Altitude Economy Industry Association has released two group standards to accelerate the establishment of foundational rules for the low-altitude economy [2] - Huaxi Securities notes a profound cost restructuring in the global commercial aerospace launch sector, with Chinese companies making significant progress in technology breakthroughs and cost reduction [2]

Group 1 - A new company, AVIC Shenyang Aircraft Engineering Co., Ltd., has been established with a registered capital of 150 million yuan [2] - The business scope of the new company includes maintenance of civil aircraft, training of civil aviation maintenance personnel, and operation of civil airports [2] - The company is wholly owned by Shenyang Aircraft Industry Group Co., Ltd., which is a subsidiary of AVIC [2]

Group 1 - Dongjie Intelligent is planning a major asset restructuring and will suspend trading from December 17, 2025, as it aims to acquire controlling stakes in Aobo (Beijing) Intelligent Technology Co., Ltd. through a share issuance and cash payment [2] - Jiamei Packaging's controlling shareholder is set to change to Zhuyue Hongzhi, with trading resuming on December 17, 2025, after signing a share transfer agreement involving 279 million shares, representing 29.9% of the total share capital, at a price of 4.45 yuan per share, totaling 1.243 billion yuan [3][4] - After the completion of the equity change, the controlling shareholder will be Zhuyue Hongzhi, and the actual controller will be Yu Hao [5] Group 2 - Several companies, including Shanghai Port Group, have undergone leadership changes, with new appointments made for board chairman positions [7][8] - Dongfang Zhizao is planning to transfer approximately 14.33% of its shares, which may lead to a change in control, and its stock has been suspended since December 15, 2025 [10] - Zhonghang Chengfei is planning to invest approximately 422 million yuan in a space equipment assembly base project, which is crucial for the production of aerospace equipment [11] Group 3 - Zhongke Electric is set to invest approximately 7 billion yuan in a lithium-ion battery anode material project in Sichuan, with the first phase aiming for an annual production capacity of 200,000 tons [12] - Woler Nuclear Materials plans to invest up to 1.5 billion yuan in expanding its production base in Guangdong and Vietnam, focusing on new facilities and equipment [13] - China General Nuclear Power has commenced construction on the Ningde Unit 6, utilizing the Hualong One nuclear technology with a capacity of 1210 MW [14] Group 4 - The company Jiayuan Technology has received a notice of lifting the investigation order against its chairman, indicating normal operations [17] - Huayou Cobalt has signed a binding memorandum with a well-known international client for the supply of 79,600 tons of ternary precursor products, which is expected to positively impact future performance [17] - Tianfulong plans to increase its investment in its wholly-owned subsidiary by 580 million yuan to enhance its capital structure [18]

Core Insights - The report identifies the main investment themes for the defense and aerospace industry in 2025 as internal equipment, military trade, and military-civilian integration, with a focus on the second growth curve as a key selection criterion for stocks [2][5][36] - For 2026, military-civilian integration and military trade are expected to remain the primary investment lines, supported by stable growth in defense spending and policy guidance [2][5] Industry Overview - The report outlines a deep review of the defense industry, highlighting that the internal equipment market, military trade, and military-civilian integration emerged as the three main investment directions in 2025 [5][21] - The investment framework has evolved from focusing solely on internal equipment to incorporating military trade and military-civilian integration, reflecting a more comprehensive understanding of the market dynamics [5][21] Policy Analysis and Internal Equipment Outlook - The report emphasizes that the integration of mechanization, information technology, and intelligence will drive future growth in internal equipment, with specific focus areas including information support forces, cyber warfare units, military aerospace, and rocket forces [6][41][46] - Recent U.S. defense policy changes, which reduced the number of key technology areas from 14 to 6, align closely with China's focus on new quality and new domain developments [6][41] Investment Strategy for 2026 - The report recommends a bottom-up approach to stock selection, emphasizing the importance of identifying stocks that excel in the second growth curve, particularly in military trade and military-civilian integration [7][36] - Specific companies are highlighted as key investment targets, including 中航沈飞 (AVIC), 广东宏大 (Guangdong Hongda), and 西部超导 (West Superconductor), which are positioned to benefit from trends in military trade and civilian applications [22][33][36] Key Investment Areas - The report identifies several promising sectors within the defense industry, including special chips, quartz electronic fabrics, aerospace electronics, high-performance power supplies, and military aviation engines, each with unique growth drivers [22][33][36] - The military trade sector is expected to see a shift towards high-end equipment exports, with 中航沈飞 (AVIC) and 广东宏大 (Guangdong Hongda) as core players [22][36] Conclusion - The report concludes that the second growth curve represents a critical opportunity for investors, with military trade and military-civilian integration likely to be the main growth drivers in the coming years [36][41]

Core Viewpoint - Shenyang Aircraft Industry (Group) Co., Ltd. has increased its registered capital from approximately 6.22 billion RMB to about 9.7 billion RMB, marking a growth of around 56% [1] Company Changes - The company has undergone changes in its executive management alongside the capital increase [1] - Established in June 1994, the company is wholly owned by AVIC Shenyang Aircraft Corporation (600760) [1] Business Scope - The company's business activities include aircraft design, drone production, special aircraft manufacturing, and aircraft maintenance [1]

钛媒体App 12月16日消息，天眼查App显示，沈阳飞机工业（集团）有限公司近日发生工商变更，注册 资本由约62.2亿人民币增至约97亿人民币，增幅约56%，同时，部分高管发生变更。该公司成立于1994 年6月，法定代表人为纪瑞东，经营范围包括飞机设计、无人机生产、特种飞机制造、飞机维修等，由 中航沈飞（600760）全资持股。（天眼查） ...

天眼查App显示，近日，沈阳飞机工业（集团）有限公司发生工商变更，注册资本由约62.2亿人民币增 至约97亿人民币，增幅约56%，同时，部分高管发生变更。该公司成立于1994年6月，法定代表人为纪 瑞东，经营范围包括飞机设计、无人机生产、特种飞机制造、飞机维修等，由中航沈飞（600760）全资 持股。 ...

Group 1 - The establishment of AVIC Shenyang Aircraft Engineering (Hainan) Co., Ltd. has been officially registered with a capital of 150 million RMB [1][2] - The legal representative of the new company is Feng Yonggang, and it is fully owned by AVIC Shenyang Aircraft Industry Group Co., Ltd. [1][2] - The company's business scope includes maintenance of civil aircraft, training of civil aviation maintenance personnel, and operation of civil airports [1][2] Group 2 - The company is registered under the Hainan Provincial Market Supervision Administration and has a registration number of 91460000MAK376FQ93 [2] - The business license is valid from December 15, 2025, with no fixed expiration date [2] - The registered address is located in Lingshui Li Autonomous County, Hainan Province [2]

企业名称中航沈飞（海南）飞机工程有限公司法定代表人冯永刚注册资本15000万人民币国标行业信息 传输、软件和信息技术服务业>软件和信息技术服务业>软件开发地址海南省陵水黎族自治县三才镇664 县道LAHT-01地块2号企业类型有限责任公司（非自然人投资或控股的法人独资）营业期限2025-12-15 至无固定期限登记机关海南省市场监督管理局 来源：市场资讯 经营范围含许可经营项目：民用航空器维修；民用航空维修人员培训；道路货物运输（不含危险货 物）；民用机场运营（许可经营项目凭许可证件经营）一般经营项目：仪器仪表修理；金属制品修理； 通信交换设备专业修理；专用设备修理；雷达、无线电导航设备专业修理；物业管理；技术服务、技术 开发、技术咨询、技术交流、技术转让、技术推广；金属加工机械制造；租赁服务（不含许可类租赁服 务）；通用零部件制造；企业管理；安防设备销售（经营范围中的一般经营项目依法自主开展经营活 动，通过国家企业信用信息公示系统（海南）向社会公示） 天眼查显示，近日，中航沈飞（海南）飞机工程有限公司成立，法定代表人为冯永刚，注册资本15000 万人民币，由沈阳飞机工业（集团）有限公司全资持股。 序号股东名 ...