证券代码：600765 证券简称：中航重机 公告编号：2026-001 中航重机股份有限公司 2025年第六次临时股东会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 694 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 481,161,487 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 30.7736 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 参加会议的股东及股东代表（包括网络和非网络方式）共计 694 人，代表股 1、公司在任董事9人，出席9人，董事候选人全体出席会议。 2、副总经理、董事会秘书王志宏，副总经理唐诚江，总法律顾问宋贵奇列席会 议。 (一) 非累积投票议案 1、 议案名称：《关于中航重机股份有限公司终止实施 A 股限制性股票激励计划 （第二期）的议案》 (一) ...

证券代码：600765 证券简称：中航重机 公告编号：2026-003 中航重机股份有限公司 关于公司董事会完成换届选举及聘任高级管理人员、 证券事务代表的公告 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。 中航重机股份有限公司（以下简称"公司"）于2025年12月31日召开了公司 2025年第六次临时股东会，顺利完成换届选举产生了公司第八届董事会。同日， 公司召开第八届董事会第一次临时会议，选举产生了公司第八届董事会董事长、 董事会各专门委员会，并聘任公司高级管理人员（总经理、副总经理、总会计师、 总法律顾问、董事会秘书）及证券事务代表。现将具体情况公告如下： 一、公司第八届董事会组成情况 公司第八届董事会由 9 名董事组成，其中非独立董事会 6 名，独立董事 3 名，成员如下： 公司第八届董事会任期三年，自公司 2025 年第六次临时股东会审议通过之 日起至第八届董事会届满止。 公司董事会中兼任公司高级管理人员的董事及职工董事人数总计未超过公 司董事总数的二分之一；独立董事人数不低于公司董事总数的三分之一，上海证 ...

证券代码：600765 证券简称：中航重机 公告编号：2026-004 中航重机股份有限公司 关于募集资金投资项目结项并将节余募集资金永久 补充流动资金的公告 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： 中航重机股份有限公司（以下简称"公司"）2018 年非公开发行股票募 集资金投资项目已建设完成，本次募集资金投资项目全部结项。 公司拟将截止 2025 年 12 月 26 日节余募集资金 3,336.73 万元（包含利 息收入和银行手续费，实际金额以资金转出当日专户余额为准）。 将节余募集资金永久补充流动资金，有利于公司统筹资金安排，优化资 金配置，提高资金使用效率和效益。 该事项已经公司第八届董事会第一次临时会议审议通过，本次节余募集 资金（含理财及利息收入）占募集资金净额比例低于 5%，根据《上海证券 交易所上市公司自律监管指引第 1 号—规范运作》等有关规定，本次节余募 集资金永久补充流动资金无需提交股东会审议。 一、募集资金基本情况 根据 2018 年非公开发行股票方案，公司将募集资金用于以下 ...

北京市嘉源律师事务所 关于中航重机股份有限公司 2025年第六次临时股东会的 法律意见书 西城区复兴门内大街158号远洋大厦4楼 中国 · 北京 源律师事务所 A YUAN LAW OFFICES 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致:中航重机股份有限公司 北京市嘉源律师事务所 关于中航重机股份有限公司 2025年第六次临时股东会的法律意见书 嘉源(2025)-04-989 北京市嘉源律师事务所(以下简称"本所")接受中航重机股份有限公司(以 下简称"公司"）的委托。根据《中华人民共和国公司法》(以下简称"《公司法》"） 《上市公司股东会规则》(以下简称"《股东会规则》")等现行有效的法律、行 政法规、部门规章、规范性文件(以下简称"法律法规")以及《中航重机股份有 限公司章程》(以下简称"《公司章程》")的有关规定,指派本所律师对公司2025 年第六次临时股东会(以下简称"本次股东会")进行见证,并依法出具本法律意 见书。 为出具本法律意见书,本所指派律师现场见证了本次股东会,查阅了公司提 供的与本次股 ...

招商证券股份有限公司（以下简称"招商证券"）、中航证券有限公司（以下 简称"中航证券"）作为中航重机股份有限公司（以下简称"中航重机"或"公司"） 2018 年非公开发行 A 股股票的保荐机构，根据《上市公司募集资金监管规则》 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关法律、行 政法规、部门规章及业务规则的要求，对公司本次募集资金投资项目结项并将节 余募集资金永久补充流动资金事项进行了认真、审慎核查，具体情况如下： 一、募集资金基本情况 中国证券监督管理委员会于 2019 年 10 月 16 日出具《关于核准中航重机股 份有限公司非公开发行股票的批复》（证监许可【2019】1851 号），核准公司 非公开发行股票并上市的相关事宜，公司向中央企业贫困地区产业投资基金股份 有限公司、北京国发航空发动机产业投资基金中心(有限合伙)、广东温氏投资有 限公司、中航资本控股股份有限公司、中航通用飞机有限责任公司等进行非公开 发行股票，本次实际非公开发行 A 股股票 155,600,640.00 股，每股价格人民币 8.53 元，共计募集资金总额为人民币 1,327,273,459.20 元，扣除发 ...

证券代码：600765 证券简称：中航重机 公告编号：2026-002 中航重机股份有限公司 第八届董事会第一次临时会议决议公告 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。 会议以书面表决方式审议通过如下事项： 中航重机股份有限公司（以下简称"公司"）第八届董事会第一次临时会议 于2025年12月31日以现场加视频方式召开。会议由参会董事共同推选董事冉兴主 持，应到董事9名，董事出席9名。公司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。 一、审议通过《关于豁免本次董事会提前五日发出通知的议案》 鉴于今日公司召开 2025 年第六次临时股东会选举产生了公司第八届董事会 成员，为保障公司经营决策的及时性和有效性，确保新一届董事会各项工作能够 顺利推进，维护公司及全体股东的合法权益，会议同意豁免本次董事会提前五日 发出通知的相关要求。 表决情况：9 票同意、0 票反对、0 票弃权。 表决结果：通过。 二、审议通过《关于选举公司第八届董事会董事长的议案》 经审议，会议同意选举冉兴同志为公司第 ...

Group 1 - The core viewpoint of the news is that AVIC Heavy Machinery has shown a positive stock performance, with a 1.04% increase, reaching a price of 19.38 yuan per share and a total market capitalization of 30.302 billion yuan [1] - AVIC Heavy Machinery is located in Guiyang, Guizhou Province, and was established on November 14, 1996. The company was listed on November 6, 1996, and its main business involves forging, high-end hydraulic integration, and new energy [1] - The revenue composition of AVIC Heavy Machinery is as follows: forging segment accounts for 83.02%, hydraulic control segment for 17.08%, and others for 0.59% [1] Group 2 - From the perspective of fund holdings, one fund under Wan Jia Fund has a significant position in AVIC Heavy Machinery. The Wan Jia National Aerospace Industry ETF (159208) held 337,900 shares in the third quarter, representing 2.19% of the fund's net value, making it the tenth largest holding [2] - The Wan Jia National Aerospace Industry ETF (159208) was established on April 28, 2025, with a current scale of 251 million yuan and has achieved a return of 35.31% since its inception [2] Group 3 - The fund manager of the Wan Jia National Aerospace Industry ETF (159208) is He Fangzhou, who has been in the position for 1 year and 261 days. The total asset size of the fund is 9.264 billion yuan, with the best return during his tenure being 84.58% and the worst return being -6.76% [3]

Group 1 - The A-share commercial aerospace concept stocks continue to show strong performance, with several companies hitting the daily limit, including Leike Defense, Hualing Cable, and Zhongchao Holdings [1] - By the end of November 2025, China's commercial aerospace industry is projected to reach a scale of 2.5 to 2.8 trillion yuan, with an annual compound growth rate exceeding 20% [2] - The number of commercial aerospace companies in China has surpassed 600, indicating a significant expansion in the industry [2] Group 2 - The frequency of commercial rocket launches in China is increasing, with major satellite constellations like Qianfan and GW accelerating their network formation [2] - The Long March 12 and Long March 8 rockets have successfully launched, marking a new era of high-frequency launches and systematic breakthroughs in China's commercial aerospace sector [1] - As of November 2025, China has conducted 87 launches (84 successful), with 23 of these being executed by private commercial rocket companies, resulting in 324 satellites being placed into orbit [1]

Group 1 - The A-share commercial aerospace concept stocks continue to show strong performance, with several companies experiencing significant price increases, including LeiKe Defense, Hualing Cable, and Zhongchao Holdings, among others [1] - Notable stock performances include LeiKe Defense with a 10.03% increase and a market capitalization of 15 billion, and China Satellite with a 7.44% increase and a market capitalization of 111.8 billion [2] - The commercial aerospace sector is witnessing a surge in stock prices, with multiple companies achieving consecutive trading limits, indicating strong investor interest and confidence in the sector [1][2] Group 2 - The Chinese commercial aerospace industry is entering a new phase characterized by high-frequency launches and systematic breakthroughs, as evidenced by the successful launches of the Long March 12 and Long March 8 rockets [1] - According to the "China Commercial Aerospace Industry Development Report (2025)," the global average monthly launches have exceeded 26, with China conducting 87 launches (84 successful) in 2025, showcasing a significant increase in launch frequency [3] - The commercial aerospace industry in China has reached a scale of 2.5 to 2.8 trillion, with an annual compound growth rate exceeding 20%, and the number of commercial aerospace companies surpassing 600 [3]

Investment Rating - The report maintains a "Positive" outlook on the defense and aerospace industry, indicating a favorable investment environment [7]. Core Insights - The Long March 12甲 rocket, despite not achieving its primary recovery goal, has provided valuable experience and is a crucial step in China's development of reusable rocket technology [10][11]. - The Wenchang International Aerospace Forum has opened, signaling rapid advancement in the commercialization and industrialization of the aerospace sector in China [12]. - The report emphasizes continued optimism for commercial aerospace, unmanned systems, new combat capabilities, and military trade as key growth areas [13]. Summary by Sections 1.1 Long March 12甲 Rocket - The Long March 12甲 rocket's recent launch did not meet the recovery target for the first stage, but it successfully gathered critical data for future missions [10][11]. - The failure is seen as part of the iterative process necessary for achieving reusable technology, similar to the development path of SpaceX's Falcon 9 [11]. 1.2 Wenchang International Aerospace Forum - The forum aims to enhance the aerospace industry in Hainan, focusing on building a comprehensive ecosystem that includes rocket, satellite, and data services [12]. - The government is shifting its focus from merely launching rockets to developing downstream services and applications, indicating a move towards a more integrated aerospace industry [12]. 1.3 Future Outlook - As the 14th Five-Year Plan approaches, the report highlights the importance of new technologies in defense, including unmanned systems and deep-sea technology [13]. - The report suggests that military and civilian sectors will become significant growth drivers, with a focus on expanding military trade and high-end equipment exports [13]. Investment Targets - The report lists several investment targets in the commercial aerospace sector, including: - Aerospace Electronics (600879, Buy) - National Science and Technology Military Industry (688543, Not Rated) - Aerospace Power (600343, Not Rated) [13][14].