会议以书面表决方式审议通过如下事项： 证券代码：600765 证券简称：中航重机 公告编号：2025-057 中航重机股份有限公司 第七届董事会第二十三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。 中航重机股份有限公司（以下简称"公司"）第七届董事会第二十三次临时 会议于2025年8月4日以通讯方式召开。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。 一、审议通过《关于变更公开挂牌卓越锻造科技（无锡）有限公司股权转让 底价的议案》 经审议，鉴于公司转让卓越锻造 29.9879%股权事项在北京产权交易所挂牌 截至信息披露结束日无人报名参与摘牌，根据《企业国有资产交易操作规则》的 相关规定，董事会同意公司在北京产权交易所公开挂牌转让的卓越锻造 29.9879%股权的转让底价变更为 17,029.73 万元。 该事项已经战略投资与 ESG 专门委员会审议通过。 表决情况：9 票同意、0 票反对、0 票弃权。 表决 ...

Group 1 - The company, AVIC Heavy Machinery (SH 600765), announced on August 4 that its 23rd temporary board meeting of the 7th session was held via communication, where it reviewed the proposal to change the minimum transfer price for the equity transfer of Excellence Forging Technology (Wuxi) Co., Ltd. [2] - For the year 2024, the company's revenue composition is as follows: forging industry accounts for 79.85%, hydraulic industry accounts for 17.8%, and other businesses account for 2.35% [2]

Group 1 - Company AVIC Heavy Machinery announced the completion of a share buyback on July 31, 2025, through the Shanghai Stock Exchange [2] - The company repurchased approximately 11.94 million shares, accounting for 0.76% of its total share capital [2] - The highest repurchase price was 17.25 CNY per share, while the lowest was 16.25 CNY per share, with an average repurchase price of 16.74 CNY per share [2] - The total funds used for the buyback amounted to approximately 200 million CNY [2]

Wind数据显示，8月4日，4家公司共发布4个股票回购相关进展。其中，2家公司披露股票回购实施进 展，2家公司回购方案已实施完毕。 从回购实施进展来看，颀中科技、湖南白银回购金额最高，分别回购1.0亿元、1826.2万元。 截至8月4日，今年以来已有1316个回购方案已实施完毕，涉及1044家公司，其中238家公司已完成回购 金额超亿元。其中中远海控、通威股份、九安医疗回购金额居前，分别已完成回购21.46亿元、20.08亿 元、16.80亿元。 从已完成回购来看，当日共1家公司回购金额超千万。中航重机、三一重工已完成回购金额最高，分别 回购2.0亿元、524.5万元。 ...

Group 1 - The company approved a share repurchase plan allowing for the buyback of shares at a price not exceeding 26.01 CNY per share, with a total repurchase amount between 200 million CNY and 400 million CNY [1] - The company completed its first share repurchase on July 10, 2025, and disclosed the progress on the Shanghai Stock Exchange [1][2] - As of July 31, 2025, the company repurchased a total of 11,944,000 shares, representing 0.76% of the total share capital, with a total expenditure of approximately 200 million CNY [2][3] Group 2 - The share repurchase was executed in compliance with relevant laws and regulations, and there were no discrepancies between the actual execution and the disclosed plan [3] - The share repurchase will not significantly impact the company's normal operations, financial status, or future development, and will not alter the control of the company [4] - The company has completed the necessary procedures for notifying creditors regarding the reduction of registered capital due to the share repurchase [6] Group 3 - The repurchased shares will be fully canceled, leading to a reduction in the company's registered capital, with the necessary registration changes to be processed [6]

000558 天府文旅 B004 000826 启迪环境 B001 000998 隆平高科 B001 001236 弘业期货 A07 001314 亿道信息 A06 001324 长青科技 A06 002037 保利联合 A06 002198 嘉应制药 A07 002219 新里程 B001 002330 得利斯 B007 002408 齐翔腾达 B003 002424 贵州百灵 A07 002600 领益智造 B007 002629 仁智股份 A07 002634 棒杰股份 A07 002716 湖南白银 A06 002775 文科股份 B004 002799 环球印务 A07 002921 联诚精密 A07 002940 昂利康 B004 002951 金时科技 A06 300691 联合光电 A06 301632 广东建科 A08 600009 上海机场 A08 600031 三一重工 A08 600104 上汽集团 A08 600166 福田汽车 B003 600507 方大特钢 B001 平安基金 B003 融通基金 B007 上银基金 B005 天弘基金 B006 太平基金 B005 信达证券基金 ...

Core Points - The company has announced the results of its share repurchase program, which was first disclosed on April 16, 2025, and is set to run from June 10, 2025, to June 9, 2026 [1] - The expected repurchase amount is between 200 million yuan and 400 million yuan, with a maximum repurchase price of 26.01 yuan per share [1] - A total of 11,944,000 shares were repurchased, accounting for 0.76% of the total share capital, with an actual repurchase amount of 200 million yuan [2] - The repurchase price ranged from 16.25 yuan to 17.25 yuan per share [1][2] - The repurchase will not significantly impact the company's normal operations, financial status, or future development [2] - The company will cancel the repurchased shares and reduce its registered capital accordingly [4] Repurchase Approval and Implementation - The repurchase plan was approved during the board meeting on April 15, 2025, and the second extraordinary general meeting of shareholders on June 10, 2025 [1] - The repurchase was executed in compliance with relevant laws and regulations, and there were no discrepancies between the actual execution and the disclosed plan [2] Share Cancellation and Capital Reduction - The company has completed the necessary procedures to notify creditors regarding the cancellation of shares and reduction of registered capital [4] - No objections were raised by creditors during the 45-day public notice period [4] - The company will proceed with the cancellation of the repurchased shares and update the registration accordingly [4] Share Structure Changes - Before the repurchase, the total number of shares was 1,575,492,153, and after the cancellation of the repurchased shares, it will be 1,563,548,153 [4] - The proportion of limited circulation shares will slightly increase from 0.70% to 0.71%, while the proportion of unrestricted circulation shares will decrease from 99.30% to 99.29% [4]

中航重机股份有限公司 2025 年第三次临时股东大会 会 议 文 件 中航重机股份有限公司 2025 年 8 月 5 日 1 目 录 | 2025 年第三次临时股东大会会议议程 3 | | | --- | --- | | 关于募集资金投资等温锻项目部分调整的议案 | 4 | | 关于修订《中航重机股份有限公司章程》的议案 | 5 | | 关于修订《中航重机股份有限公司董事会议事规则》的议案 | 6 | | 关于修订《中航重机股份有限公司独立董事工作制度》的议案 | 7 | | 关于修订《中航重机股份有限公司股东会议事规则》的议案 | 8 | | 关于修订《中航重机股份有限公司关联交易管理办法》的议案 | 9 | | 关于取消监事会及废除监事会议事规则的议案 | 10 | 2 中航重机股份有限公司 2025 年第三次临时股东大会会议议程 一、会议时间：2025 年 8 月 5 日（星期二）上午 9:00 四、会议议程： | 时间 | 内 容 | | --- | --- | | 9:00～9:05 | 一、主持人介绍会议议程，宣读监票人、计票人名单,提请大会通过 | | | （举手表决） | | 9:05～9:4 ...

Investment Rating - The report rates the military industry as "Overweight" [5][12]. Core Viewpoints - The intensification of great power competition is a long-term trend, indicating a positive long-term outlook for the military industry. Increased defense spending is essential to ensure peace and security, especially as tensions around China may escalate [2][8]. Summary by Sections Investment Highlights - Key investment themes include: 1. General Assembly: AVIC Shenyang Aircraft Corporation, Aerospace South Lake, AVIC Xi'an Aircraft Industry [11]. 2. Components: AVIC Optoelectronics, Aerospace Electric, Guobang Electronics, Ruichuang Micro-Nano [11]. 3. Subsystems: AVIC Onboard, North Navigation [11]. 4. Materials and Processing: AVIC Heavy Machinery, Feilihua, Guangwei Composite, Huayin Technology, Bolite, Western Materials, Aviation Materials [11]. Market Review - The military industry index rose by 1.22% from July 20 to July 25, underperforming the broader market by 0.45 percentage points, ranking 24th out of 29 sectors [13][16]. - The Shanghai Composite Index increased by 1.67%, and the ChiNext Index rose by 2.76% during the same period [13][16]. Major News in the Military Industry - The 155th joint patrol operation in the Mekong River concluded successfully, highlighting international cooperation in regional security [9][24]. - The China Weapon Industry Group showcased new unmanned and anti-unmanned combat systems, emphasizing advancements in military technology [23]. - The successful first flight of the Xinzhou 60 civil rescue aircraft marks a significant step in enhancing China's emergency response capabilities [23]. International Military Situation - The report notes a complex international military landscape, with various nations calling for an end to the Gaza conflict and highlighting the importance of defense construction amid ongoing tensions [10][25]. - The U.S. has increased its military presence in the Pacific, deploying additional submarines in response to perceived threats from China [10][30].

Core Viewpoint - Recently, AVIC Heavy Machinery (600765.SH) revised its company articles to include a commitment to distribute at least 30% of the annual net profit attributable to shareholders as cash dividends, reflecting the company's dedication to enhancing investor returns and market value management [1][2]. Group 1: Dividend Policy and Corporate Governance - The new articles of association institutionalize a minimum cash dividend distribution of 30% of the annual net profit, showcasing the company's commitment to stable returns for investors [1]. - This move aligns with national policies aimed at improving the quality of listed companies and enhancing investor return mechanisms, particularly encouraging state-owned enterprises to adopt stable dividend and buyback strategies [1][2]. - AVIC Heavy Machinery has maintained a leading position in shareholder returns over the past two years, with a consistent 30% dividend payout ratio, indicating strong fundamental support [2]. Group 2: Financial Performance and Market Position - In 2023, the company achieved a net profit of 1.329 billion yuan, with cash dividends totaling 399 million yuan, maintaining a 30% payout ratio [2]. - For 2024, the projected net profit is 640 million yuan, with cash dividends expected to be 192 million yuan, again sustaining the 30% payout ratio [2]. - The company reported a revenue of approximately 5.751 billion yuan for the first half of 2025, a year-on-year decrease of about 4.5%, but still meeting 50.01% of its annual target [2]. - In Q2, the company achieved revenue of approximately 3.445 billion yuan, a year-on-year increase of about 11.20%, while net profit attributable to shareholders was approximately 289 million yuan, reflecting a year-on-year decrease of about 28.82% [3]. - The commercial aviation business grew by approximately 22% year-on-year, and the civil business grew by approximately 25%, indicating strong operational resilience during industry adjustments [3].