证券代码：600765 证券简称：中航重机 公告编号：2025-026 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。 中航重机股份有限公司（以下简称"公司"）第七届董事会第二十次临时 会议于2025年4月15日在公司会议室以现场+视频方式召开。会议由董事长冉兴 主持，应到董事9名，董事出席9名。公司监事、高级管理人员列席会议。本次 会议的召开符合《公司法》和《公司章程》等有关规定。 会议以书面表决方式审议通过如下事项： 一、审议通过了《关于中航重机以集中竞价交易方式回购公司股份的议案》 经审议，董事会同意公司使用自有资金或银行贷款以集中竞价交易方式回购 公司股票，用于注销并减少公司注册资本。本次用于回购的资金总额不低于人民 币 20,000.00 万元（含）且不超过人民币 40,000.00 万元（含），回购价格不超过 人民币 26.01 元/股，按照回购资金总额上下限测算，预计回购股份数量区间约为 768.94 万股-1,537.87 万股，占公司总股本的比例区间约为 0.49%-0.98%，回购股 份期限为自股东大 ...

Financial Performance - The company expects to achieve approximately CNY 2.306 billion in revenue for Q1 2025, a decrease of about 21% year-on-year [3]. - The estimated net profit attributable to shareholders is approximately CNY 198 million, representing a year-on-year decline of about 39% [3]. - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is approximately CNY 188 million, down about 35% year-on-year [3]. - The company achieved approximately 20% of its annual operational targets for revenue and 23% for total profit in Q1 2025, with expected growth of about 11% and 75% compared to the full year of 2024 [6]. Cost Reduction and Efficiency Improvement - The company is implementing a comprehensive procurement cost reduction plan, resulting in lower contract prices for high-temperature alloys and titanium alloys in Q1 2025 [7]. - The company is focusing on optimizing product structure, enhancing technological levels, and improving intelligent production capabilities to promote quality and efficiency [6]. - The establishment of research institutes for precision forging, precision die forging, and precision casting is aimed at maintaining technological leadership [7]. - The company is actively integrating core technologies with equipment and information systems, completing projects for intelligent manufacturing lines [7]. - The company plans to follow the "2332" rhythm to achieve its annual goals through proactive measures [7]. Investor Advisory - Investors are advised that the forecast data is preliminary and the final financial data will be disclosed in the official Q1 2025 report [8].

中航重机（600765）公告，公司2025年第一季度预计实现营业收入约23.06亿元，同比降低21%左右； 预计实现归属于上市公司股东的净利润约1.98亿元，同比降低39%左右；预计实现归属于上市公司股东 的扣除非经常性损益的净利润约1.88亿元，同比降低35%左右。 ...

证券代码：600765 证券简称：中航重机 公告编号：2025-023 二、取得金融机构股票回购贷款承诺函的具体情况 中航重机股份有限公司 关于取得金融机构股票回购贷款承诺函的公告 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个别及连带责任。 重要内容提示： 一、回购股份的基本情况 中航重机股份有限公司（以下简称"公司"）于 2025 年 4 月 8 日收到公司董 事长冉兴先生《关于提议中航重机股份有限公司回购公司部分股份的函》，提议 公司拟使用不低于人民币 20,000 万元（含）且不超过人民币 40,000 万元（含） 的自有资金或银行贷款，以集中竞价交易方式回购公司部分股份，用于减少注册 资本，本次回购方案最终以经公司董事会、股东大会同意并经上级单位批准的方 案为准。 《贷款承诺函》 近日，公司取得中国银行股份有限公司贵州省分行出具的《贷款承诺函》， 主要内容如下： 1、贷款金额：不超过人民币 36,000 万元 2、承诺函有效期：1 年 3、贷款用途：专项用于回购上市公司股票 三、对公司的影响 上述事项不构成关联交易，亦不构成 ...

智通财经4月10日电，中航重机(600765.SH)公告称，公司近日取得中国银行贵州省分行出具的《贷款承 诺函》，承诺贷款金额不超过3.6亿元，专项用于回购上市公司股票，有效期1年。该事项不构成关联交 易或重大资产重组，对公司当年经营业绩不会产生重大影响。 中航重机：取得不超过3.6亿元金融机构股票回购贷款承诺函 ...

实际上，军工行业因其特殊性，对关税战等外部因素影响相对较小。军工企业的主要客户为国家政府部 门和军队，其产品和服务的市场需求相对稳定，受国际贸易变化的冲击较小，具有一定的抗风险能力。 中航重机作为军工行业的骨干企业，其业务涵盖了航空锻造、液压环控等多个领域，为我国国防建设和 商用航空发展提供了重要支撑。 在回购提议的提振下，中航重机股价显现出更强韧劲。4月8日，中航重机股价报收于15.16元，较前一 交易日上涨3.69%，4月9日早盘，中航重机股价报收于15.85元，涨幅达4.55%，实现逆势增长。在当前 全球经济形势复杂多变，贸易摩擦不断升级，市场不确定性增加的形势下，中航重机当前涨势显示出投 资者对公司的发展信心和对行业的坚定看好。(郑渝川) 近期，全球市场因美国加征关税政策而出现剧烈波动，4月3日至4日，美国三大股指累计下跌约10%； 欧洲股市也应声下跌，4月4日，德国DAX指数、英国富时100指数、法国CAC40指数单日跌幅均超 4%。4月7日，A股市场也未能幸免，三大股指集体低开，上证指数跌7.34%，深证成指跌9.66%，创业 板指跌12.5%。 在市场波动的背景下，中航重机（600765）反应迅 ...

Summary of Key Points Core Viewpoint - A total of 27 central and state-owned enterprises in China have announced share repurchase or increase plans, with amounts reaching 200 million yuan or more, indicating a strong commitment to enhancing shareholder value and confidence in the market [1]. Group 1: Share Repurchase Plans - Xugong Machinery plans to repurchase shares worth between 1.8 billion and 3.6 billion yuan [2] - Guotai Junan's chairman proposed a share repurchase of 1 billion to 2 billion yuan [2] - BOE Technology Group intends to repurchase no less than 1.5 billion yuan in shares [2] - COSCO Shipping Holdings plans to repurchase shares worth between 742 million and 1.483 billion yuan [2] - China National Nuclear Power's chairman proposed a repurchase of 600 million to 1 billion yuan [2] - State Grid Corporation of China plans to repurchase shares worth between 250 million and 500 million yuan [2] - Huazhong University of Science and Technology's chairman proposed a repurchase of 300 million to 400 million yuan [2] - AVIC Heavy Machinery's chairman proposed a repurchase of 200 million to 400 million yuan [2] - Guotai Junan plans to repurchase shares worth 200 million to 400 million yuan [2] - Tianhong Supermarket's chairman proposed a repurchase of 150 million to 200 million yuan [2] - Deep Blue Technology's chairman proposed a repurchase of 150 million to 200 million yuan [2] - AVIC High-Tech's chairman proposed a repurchase of 100 million to 200 million yuan [2] - Baotou Steel's chairman proposed a repurchase of 100 million to 200 million yuan [2] - AVIC Optoelectronics' chairman proposed a repurchase of 100 million to 200 million yuan [2] - Zhongyun Drone's chairman proposed a repurchase of 100 million to 200 million yuan [2] - Sichuan Road and Bridge's chairman proposed a repurchase of 100 million to 200 million yuan [2] Group 2: Share Increase Plans - China National Petroleum Corporation's controlling shareholder plans to increase holdings by 2.8 billion to 5.6 billion yuan [3] - China National Offshore Oil Corporation's actual controller plans to increase holdings by 2 billion to 4 billion yuan [3] - Sinopec's controlling shareholder plans to increase holdings by 2 billion to 3 billion yuan in both A-shares and H-shares [3] - Three Gorges Corporation plans to increase holdings by 1.5 billion to 3 billion yuan [3] - China Aluminum Corporation's controlling shareholder and its concerted parties plan to increase holdings by 1 billion to 2 billion yuan [3] - Wuliangye Group plans to increase holdings by 500 million to 1 billion yuan [3] - Sichuan Investment Energy's controlling shareholder plans to increase holdings by 500 million to 1 billion yuan [3] - CNOOC Services' controlling shareholder plans to increase holdings by 300 million to 500 million yuan [3] - Offshore Oil Engineering's controlling shareholder plans to increase holdings by 300 million to 500 million yuan [3] - Guoxin Health's controlling shareholder and its concerted parties plan to increase holdings by 100 million to 200 million yuan [3]

证券代码：600765 证券简称：中航重机 公告编号：2025-022 中航重机股份有限公司 关于董事长提议回购公司部分股份的提示性公告 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。 中航重机股份有限公司（以下简称"公司"）于 2025 年 4 月 8 日收到公司董 事长冉兴先生（以下简称提议人）《关于提议中航重机股份有限公司回购公司部 分股份的函》，具体内容如下： 一、提议人的基本情况及提议时间 1、提议人：公司董事长冉兴先生 2、提议时间：2025 年 4 月 8 日 二、提议回购股份的原因和目的 为维护公司全体股东利益，增强投资者信心，稳定及提升公司价值，基于对 公司未来发展的信心，公司董事长冉兴先生提议公司通过集中竞价交易方式回购 部分公司股份，回购的股份将用于减少注册资本，优化公司资本结构，提升公司 股东价值。 三、提议内容 1、回购股份的种类：公司发行的人民币普通股（A 股）。 2、回购股份的用途：本次回购的股份将用于减少注册资本。 3、回购股份的方式：通过上海证券交易所交易系统以集中竞价交易方式进 行股份 ...

Investment Rating - The report maintains a "Positive" investment rating for the aerospace and defense industry [2]. Core Insights - The report emphasizes that the aerospace sector is experiencing short-term fluctuations in fundamentals, with expectations for demand to be released during the 14th Five-Year Plan, potentially leading to a new cycle of prosperity [7][24]. - The drone segment is becoming an indispensable force in modern warfare, driven by the rapid development of AI, which is facilitating intelligent and autonomous upgrades [7][3]. - The report highlights the importance of selecting companies that can enhance product capabilities, increase penetration rates, and improve average transaction values as the 14th Five-Year Plan concludes [7][4]. Summary by Sections Section 1: Tariff Friction and National Security - The report discusses the perspective of offensive realism in understanding tariff friction, asserting that great power competition necessitates safeguarding national security [9][18]. Section 2: Aerospace and Engine Sector - The aerospace sector's performance in 2024 is under pressure, with revenue and profit growth rates of -4.69% and -15.41%, respectively, indicating a further slowdown compared to 2023 [27][30]. - The main engine manufacturers showed slight revenue declines, while the intermediate and upstream segments experienced significant fluctuations [27][30]. - The report notes that the main engine manufacturers have maintained strong profitability, while the intermediate segment has faced notable volatility due to price reductions [30][34]. Section 3: Company-Specific Insights - **AVIC Shenyang Aircraft Corporation**: Achieved a record high in quarterly profitability, with a 50.99% year-on-year increase in Q4 revenue to 17.54 billion yuan, despite an overall annual revenue decline of 7.37% [39][43]. - **AVIC Xi'an Aircraft Industry Group**: Reported a 21.09% increase in Q4 revenue, with a 39.14% rise in net profit, although the gross margin decreased [59][63]. - **AVIC Optical-Electrical Technology**: Demonstrated strong growth in defense and civil sectors, with a focus on high-quality delivery and market expansion [69][73]. Section 4: Engine Sector Performance - The engine sector maintained stable revenue growth, with a 9.48% increase in revenue for AVIC Engine, although profitability was impacted by rising costs and increased R&D expenses [92][97]. - The report highlights the growth potential in the civil aviation engine market, with significant contracts signed at the Zhuhai Airshow [102][104]. Section 5: Material Supply Sector - The material supply sector showed steady revenue growth, with a focus on increasing R&D investments for future development [105].

公司代码：600765 公司简称：中航重机 第一节 重要提示 1、本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到www.sse.com.cn网站仔细阅读年度报告全文。 2、本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、完整 性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 3、公司全体董事出席董事会会议。 4、大信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 5、董事会决议通过的本报告期利润分配预案或公积金转增股本预案 2025年3月28日，公司召开第七届董事会第十次会议，审议通过了《2024年度利润分配预案》，经董事 审议的报告期利润分配预案或公积金转增股本预案：公司拟向全体股东每10股派发现金红利1.2180元 （含税），以2024年12月31日公司的总股本1,575,492,153股为基数，共计分配利润191,894,944.24元，母 公司剩余可供股东分配的利润661,745,946.09元将用于以后年度的利润分配。除前述现金分红外，本次 利润分配不送红股、不实施资本公积 ...