证券代码：600862 证券简称：中航高科 公告编号：临 2024-028 号 中航航空高科技股份有限公司 关于变更董事会秘书的公告 通讯地址：江苏省南通市崇川区永和路 1 号 联系电话：0513-81110523 联系邮箱：zhuqh002@avic.com 特此公告。 中航航空高科技股份有限公司董事会 2024 年 10 月 19 日 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。 中航航空高科技股份有限公司（以下简称"公司"）董事会秘书 刘向兵先生因工作分工调整，不再担任公司董事会秘书职务。刘向兵 先生辞任公司董事会秘书后，将继续担任公司副总经理职务。 刘向兵先生在担任公司董事会秘书期间恪尽职守、勤勉尽责。公 司董事会对刘向兵先生任职期间在公司治理、规范运作及信息披露等 方面作出的努力和贡献给予充分肯定并表示衷心感谢。 2024 年 10 月 18 日，公司召开第十一届董事会 2024 年第四次会 议，审议并通过《关于拟聘任朱清海先生担任公司董事会秘书的议案》， 经董事长提名，董事会提名委员会审核，董事会同意聘任朱清海先 ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,274,103,226.01, representing a year-on-year increase of 5.29%[4] - Net profit attributable to shareholders for Q3 2024 was ¥308,370,400.92, reflecting a growth of 5.25% compared to the same period last year[4] - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥303,725,765.32, which is an increase of 16.88% year-on-year[4] - The company achieved a total operating revenue of ¥3,821,116,880.91 for the year-to-date, which is a 5.48% increase compared to the same period last year[4] - The company reported a net profit of ¥91,196.92 million for the year-to-date, an 8% increase from the previous year[5] - Total operating revenue for the first three quarters of 2024 reached ¥3,821,116,880.91, an increase of 5.5% compared to ¥3,622,570,931.35 in the same period of 2023[22] - Net profit for the first three quarters of 2024 was ¥921,758,816.13, compared to ¥848,699,551.78 in 2023, representing a growth of 8.6%[23] - Earnings per share for the first three quarters of 2024 were ¥0.655, an increase from ¥0.606 in the same period of 2023[24] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥10,065,310,294.98, showing a year-on-year growth of 16.41%[5] - As of September 30, 2024, total assets reached approximately RMB 10.07 billion, an increase from RMB 8.65 billion at the end of 2023, reflecting a growth of about 16.3%[18] - Current assets totaled RMB 7.71 billion, up from RMB 6.30 billion at the end of 2023, indicating a growth of approximately 22.4%[18] - The total liabilities increased to RMB 7.71 billion from RMB 5.83 billion, reflecting a growth of about 32.3%[19] - The total liabilities increased to ¥2,845,087,978.91 in Q3 2024 from ¥2,200,820,819.22 in Q3 2023, marking a rise of 29.3%[22] - The total equity attributable to shareholders reached ¥6,840,444,947.98 in Q3 2024, up from ¥6,235,883,302.27 in Q3 2023, indicating a growth of 9.7%[22] Cash Flow - The cash flow from operating activities for Q3 2024 was negative at -¥201,332,798.50, indicating a significant decline of 61.51% year-to-date[4] - In the first three quarters of 2024, the net cash flow from operating activities was ¥141,539,019.85, a decrease of 61.5% compared to ¥367,775,430.43 in the same period of 2023[25] - Total cash inflow from operating activities was ¥1,565,769,197.90, down 20.6% from ¥1,971,063,471.52 in the previous year[25] - Cash outflow from operating activities totaled ¥1,424,230,178.05, a decrease of 11.2% compared to ¥1,603,288,041.09 in 2023[25] - The cash flow from investment activities showed a net outflow of ¥47,207,397.54, improving from a net outflow of ¥369,259,429.08 in the same period last year[26] - Cash inflow from financing activities was ¥162,895,685.00, significantly higher than ¥32,714,884.50 in the previous year[26] - The net cash flow from financing activities was -¥173,682,685.13, an improvement compared to -¥223,425,337.56 in 2023[26] Receivables and Payables - Accounts receivable increased by 105.27%, amounting to an increase of 231,323 thousand yuan, primarily due to the recovery of revenue from the subsidiary Aviation Industry Composite Materials in the fourth quarter[9] - Prepayments increased by 99.09%, with an increase of 1,669 thousand yuan, mainly due to increased prepayments for materials by the subsidiary Aviation Industry Composite Materials[9] - Other receivables increased by 62.32%, amounting to an increase of 1,418 thousand yuan, primarily due to increased inter-company transactions[9] - Payables increased by 86.89%, with an increase of 87,821 thousand yuan, mainly due to increased material purchases by the subsidiary Aviation Industry Composite Materials[9] - The company reported a significant increase in accounts payable, which rose to RMB 1.89 billion from RMB 1.01 billion, a growth of approximately 86.5%[19] Government Support and Other Income - The company received government subsidies amounting to ¥5,324,236.95 during the reporting period, contributing to its financial performance[6] - Other income increased by 84.59%, with an increase of 901 thousand yuan, primarily due to the subsidiary Aviation Industry Composite Materials benefiting from value-added tax deductions[10] Research and Development - Research and development expenses for the first three quarters of 2024 were ¥100,262,079.68, down from ¥114,338,321.93 in 2023, a decrease of 12.3%[22] Taxation - Tax expenses increased to ¥44,724,410.95 in 2024 from ¥23,856,100.47 in 2023, reflecting an increase of 87.5%[22] - Tax and additional charges increased by 87.48%, amounting to an increase of 2,087 thousand yuan, mainly due to growth in value-added tax and property tax[10]

证券代码：600862 证券简称：中航高科 公告编号：临 2024－027 号 中航航空高科技股份有限公司 第十一届监事会 2024 年第三次会议决议公告 本公司监事会及全体监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。 2024 年 10 月 15 日，中航航空高科技股份有限公司（简称"公 司"）第十一届监事会 2024 年第三次会议（临时会议）以电子邮件或 书面方式通知，并于 2024 年 10 月 18 日下午 5:00 在北京市顺义区航 空产业园中国航空工业集团复材一号科研楼一层大厅东侧 1102 会议 室召开。应到监事 3 人，实到监事 2 人，监事钟志刚先生因公务委托 监事刘俊超先生代为表决，授权其对会议审议的所有事项投赞成票。 公司董秘朱清海先生列席会议，符合《公司法》和《公司章程》的有 关规定。会议由监事会主席孙菲女士主持。与会监事认真审议了所有 议案，并以举手表决的方式一致通过，形成了如下决议： 一、审议通过了《公司 2024 年第三季度报告》。监事会认为该报 告的编制和审议程序符合国家法律、法规和《公司章程》的有关规定 ...

北京市嘉源律师事务所 关于中航航空高科技股份有限公司 2024 年第一次临时股东大会的法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 二〇二四年九月 嘉濕律师事务所 IA YUAN LAW OFFICES 北京 BEI JING · 上海 SHANGHAI · 深圳 SHENZHEN · 香港 HONG KONG · 广州 GUANGZHOU · 西安 XI'AN 致:中航航空高科技股份有限公司 北京市嘉源律师事务所 关于中航航空高科技股份有限公司 2024年第一次临时股东大会的法律定见书 嘉源(2024)-04-693 北京市嘉源律师事务所(以下简称"本所")受中航航空高科技股份有限公 司(以下简称"公司")委托,根据《中华人民共和国公司法》(以下简称"《公 司法》")《上市公司股东大会规则》(以下简称"《股东大会规则》")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 航航空高科技股份有限公司章程》(以下简称"《公司章程》")的有关规定, 指派本所律师对公司 2024年第一次临时股东大会(以下简称"本次股东大会") 进行见证,并依法出具本法律 ...

证券代码：600862 证券简称：中航高科 公告编号：2024-024 号 中航航空高科技股份有限公司 2024 年第一次临时股东大会决议公告 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 | 483 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 808,283,509 | | 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（%） | 58.0226 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，现场会议由董事长姜波主持。会议采用现 场投票和网络投票相结合的表决方式。会议的通知及召开符合《公司法》、《公司 表决情况： | 股东类型 | | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | ...

证券代码：600862 证券简称：中航高科 公告编号：临 2024-025 号 中航航空高科技股份有限公司 第十一届董事会 2024 年第三次会议决议公告 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法律责任。 2024年9月8日，中航航空高科技股份有限公司（简称"公司"） 第十一届董事会2024年第三次会议以电子邮件或书面方式通知，并于 2024年9月18日在北京市朝阳区东三环中路乙10号艾维克酒店四层第 一会议室召开。应到董事9人，实到董事8人，独立董事徐樑华因公务 特委托独立董事陈恳代为表决，授权其对会议审议的所有事项投赞成 票。与会董事认真审议了所有议案，经书面投票表决，形成了如下决 议： 一、审议通过了《中航高科"十四五"及2035年中长期发展规划 （中期调整版）》（修订版）。该规划事前已经战略委员会审议通过， 并同意提交董事会审议。 表决情况：9 票同意，0 票反对，0 票弃权。 二、审议通过了《关于选举代表公司执行公司事务的董事（法定 代表人）的议案》。会议选举董事兼总经理王健（简历详见2024-016 号公告）作为代表 ...

章 程 中航航空高科技股份有限公司 二〇二四年九月十八日 | | | 公司英文名称：Avic Aviation High-Technology Co., Ltd. 目 录 | 第一章 | 总则 | | P 4-4 | | --- | --- | --- | --- | | 第二章 | 经营宗旨和范围 | | P 5-5 | | 第三章 | 股份 | | | | | 第一节 | 股份发行 | P 5-5 | | | 第二节 | 股份增减和回购 | P 5-6 | | | 第三节 | 股份转让 | P 6-6 | | 第四章 | 股东和股东大会 | | | | | 第一节 | 股东 | P 7-9 | | | 第二节 | 股东大会的一般规定 | P 9-11 | | | 第三节 | 股东大会的召集 | P11-12 | | | 第四节 | 股东大会的提案与通知 | P12-12 | | | 第五节 | 股东大会的召开 | P12-14 | | | 第六节 | 股东大会的表决和决议 | P14-16 | | 第五章 | 董事会 | | | | | 第一节 | 董事 | P16-18 | | | 第二节 | 董事会 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 18.30 yuan [4] Core Views - The company achieved revenue of 2.547 billion yuan in the first half of 2024, a year-on-year increase of 5.58%, and net profit attributable to the parent company of 604 million yuan, a year-on-year increase of 9.47% [1] - The aviation new materials business contributed 2.518 billion yuan in revenue, a year-on-year increase of 6.12%, driven by increased deliveries of prepreg and carbon brake products [1] - The company's gross margin and net margin improved to 37.25% and 23.98% respectively in the first half of 2024, reflecting enhanced profitability [3] Business Performance - The aviation advanced manufacturing technology industrialization business experienced a 37.6% decline in revenue to 15.7349 million yuan, mainly due to decreased sales of ordinary machine tools and special equipment [1] - The aviation industrial composite materials subsidiary achieved revenue of 2.401 billion yuan, a year-on-year increase of 3.82%, and net profit of 618 million yuan, a year-on-year increase of 6.04% [2] - Youcai Baimu, a subsidiary, saw a significant increase in revenue and net profit, with revenue reaching 117 million yuan, a year-on-year increase of 105.68%, and net profit of 14.5038 million yuan, a year-on-year increase of 17.9438 million yuan [2] Financial Metrics - The company's period expense ratio decreased to 8.56% in the first half of 2024, down by 1.48 percentage points year-on-year, with reductions in management, financial, and R&D expense ratios [3] - The company's ROE improved to 16.70% in 2024E, with a projected increase to 18.15% by 2026E [7] - The company's P/E ratio is expected to decrease from 21.78 in 2024E to 15.03 in 2026E, indicating potential undervaluation [7] Future Outlook - The company is constructing a new advanced prepreg production line, which is expected to significantly increase prepreg production capacity upon completion [4] - The company's revenue is projected to grow from 52.1374 billion yuan in 2024E to 73.7019 billion yuan in 2026E, with net profit attributable to the parent company expected to increase from 1.18811 billion yuan in 2024E to 1.72188 billion yuan in 2026E [7] - The company's EPS is forecasted to rise from 0.85 yuan in 2024E to 1.24 yuan in 2026E, reflecting strong growth potential [7]

证券代码：600862 证券简称：中航高科 | --- | --- | --- | |--------------|-------------------------------------------|----------------------------------------------------| | | | | | | □ | 特定对象调研 □分析师会议 | | | | □媒体采访 ☑业绩说明会/电话解读会 | | 投资者关系活 | | □新闻发布会 □路演活动/策略会 | | 动类别 | □ 现场参观 □投资者来访 | | | | □其他 | | | 参与单位 | | 长江证券、兴业证券、华泰证券、南方基金、中银基金等 | | 时间 | 2024 年 8 月 23 | 日 | | | | | | 上市公司接待 | 副总经理兼董事会秘书 刘向兵 总会计师 孟龙 | | | 人员姓名 | | 副总会计师兼计划财务部部长 朱清海 | | 投资者关系 | 问题 1 | ：对比国外先进复材应用提升历程，如何展望 | | 活动主要问题 | | 未来产业链附加值分布？公司有哪些布局？ | | | | 答：从 ...