格隆汇1月8日丨中航高科(600862.SH)在互动平台表示，目前公司多种高性能预浸料可应用于火箭和卫 星。公司将把握商业航天行业发展机遇，继续深化与需求企业的交流和合作，努力扩大公司产品的应用 领域。 ...

Core Viewpoint - Zhonghang Gaoke (600862.SH) is actively engaging in the humanoid robot business and composite materials through its subsidiary, Shenzhen Light Quick World Technology Co., Ltd, leveraging its expertise in composite materials and the industrial advantages of the Guangdong-Hong Kong-Macao Greater Bay Area [1] Company Summary - Shenzhen Light Quick World is focusing on providing lightweight, customized, and mass-produced product solutions for emerging sectors such as low-altitude economy, 3C, and humanoid robots [1] - The company is progressively advancing its capacity construction and business expansion to meet market demands [1]

中航高科在互动平台表示，目前公司多种高性能预浸料可应用于航空航天领域。 ...

（文章来源：证券日报） 证券日报网讯 1月6日，中航高科在互动平台回答投资者提问时表示，截至2025年12月31日收盘，公司 股东户数111871户。 ...

Investment Rating - The report maintains a positive outlook on the civil aviation manufacturing industry, indicating it will become a significant growth area for China's aerospace manufacturing sector [1][5]. Core Insights - The civil aviation manufacturing sector is expected to mirror the success of the U.S. aerospace industry, where commercial aircraft manufacturing is a major source of revenue and profit for companies like Boeing and GE Aviation [2][55]. - The C919 aircraft is set to lead the development of China's civil aviation manufacturing industry, with a production capacity expected to reach 200 units per year by 2029 [3][56]. - The aftermarket for civil aviation in China is projected to be vast, with the country potentially becoming the largest single aviation market globally by 2044 [4][5]. Summary by Sections Civil Aviation Manufacturing Growth - Civil aviation manufacturing in China is anticipated to grow significantly, driven by the C919's commercial operations and the development of a domestic supply chain [1][5]. - The report highlights that the domestic aviation manufacturing industry is beginning to catch up, with a focus on increasing the localization rate of components [3][4]. C919 Aircraft Development - The C919 aircraft, with over 1,000 orders, is expected to enhance production and delivery capabilities, marking a significant milestone in China's aviation history [3][56]. - The aircraft's production model involves a high degree of localization, with over 50% of its components sourced domestically [3][56]. Aftermarket Opportunities - The civil aviation aftermarket in China is projected to expand, with an increase in the number of approved civil aviation products and components [4][5]. - The report notes that the penetration of domestic materials is expected to rise, helping airlines reduce procurement costs and improve supply chain reliability [4][5]. Investment Opportunities - The report suggests focusing on investment opportunities within the civil aviation manufacturing supply chain, including companies involved in aircraft body manufacturing, materials, engines, and onboard equipment [5]. - Key companies mentioned include AVIC Xi'an Aircraft Industry, AVIC Harbin Aircraft Industry, and various suppliers of materials and components [5].

Group 1 - The commercial aerospace sector has seen significant activity, with the Aerospace ETF (159227) rising by 3.47% and achieving a trading volume of 392 million yuan, leading its category [1] - Key stocks such as Aerospace Electronics and Northern Navigation have hit the daily limit, while AVIC Xi'an Aircraft Industry has increased by over 9% [1] - The recent surge in the commercial aerospace sector is driven by favorable policies and technological advancements, including the inclusion of "aerospace power" in the 14th Five-Year Plan and the establishment of the Commercial Aerospace Office [1] Group 2 - The Aerospace ETF closely tracks the National Aerospace Index, covering major sectors such as fighter jets, aircraft engines, rockets, missiles, satellites, and radar, aligning with the "integrated aerospace" strategic direction [2] - The commercial aerospace concept accounts for a high weight of 70% within the ETF, with top holdings including Aerospace Development, China Satellite, Aerospace Electronics, and AVIC Aircraft [2]

中航航空高科技股份有限公司（以下简称"公司"）于 2026 年 1 月 4 日以通讯表决方式召开第十一届董事会 2026 年第一次会议（临时会议），会议审议通过了《关于聘任公 司总会计师的议案》，同意聘任韩明娟女士为公司总会计师 （简历附后），任期自本次董事会审议通过之日起至公司第 十一届董事会届满之日止。该事项已经公司董事会提名委员 会事先审议通过。 韩明娟女士具备《公司法》《上海证券交易所股票上市 规则》等相关法律法规以及《公司章程》规定的高级管理人 员的任职资格条件，未发现其有违反《公司法》《证券法》《上 市公司治理准则》《上海证券交易所上市公司自律监管指引 第 1 号——规范运作》和《公司章程》中有关规定不适合担 任公司总会计师的情形。 特此公告。 中航航空高科技股份有限公司董事会 证券代码：600862 证券简称：中航高科 公告编号：临 2026-002 号 中航航空高科技股份有限公司 关于聘任总会计师的公告 | 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。 | 2026 年 1 月 ...

Group 1 - The core viewpoint of the news is that AVIC High-Tech has shown a positive stock performance recently, with a 2.03% increase on January 5, 2023, and a total market capitalization of 33.586 billion yuan [1] - As of December 19, 2023, the number of shareholders for AVIC High-Tech increased to 101,600, reflecting a 3.93% rise, while the average circulating shares per person decreased by 3.78% to 13,714 shares [2] - The company reported a revenue of 3.761 billion yuan for the period from January to September 2025, which represents a year-on-year decrease of 1.56%, and a net profit attributable to shareholders of 806 million yuan, down 11.59% year-on-year [2] Group 2 - AVIC High-Tech has distributed a total of 1.625 billion yuan in dividends since its A-share listing, with 888 million yuan distributed over the past three years [3] - As of September 30, 2025, major institutional shareholders include Huaxia Military Industry Safety Mixed A, which increased its holdings by 8.3299 million shares to 29.6179 million shares, and E Fund National Defense Military Industry Mixed A, which increased its holdings by 2.3031 million shares to 21.4799 million shares [3] - Other notable shareholders include Southern Military Industry Reform Flexible Allocation Mixed A, holding 20.0441 million shares, and Guotou Ruijin National Security Mixed A, which is a new shareholder with 11.3563 million shares [3]

Core Insights - The report emphasizes the positive outlook for domestic demand, which is expected to drive the development of new productive forces, as highlighted by the national financial work conference held on December 27-28, 2025 [5][13] - The aerospace sector continues to show high prosperity, with the China Aerospace Science and Technology Corporation achieving a record 73 space launch missions in 2025 [5][14] - The report recommends focusing on companies that align with the "S-curve" evolution, emphasizing supply chain reform, maintenance volume, and trends towards automation and intelligence [5][15] Industry Overview - The defense and aerospace industry is experiencing a significant increase in investment, with a focus on new productive forces and comprehensive human development [5][13] - The report notes the successful IPO acceptance of Blue Arrow Aerospace, which aims to raise 7.5 billion CNY, indicating strong market interest in commercial aerospace ventures [5][14] - The report identifies three key cycles within the industry: the evolution of the "S-curve," expansion of the "S-curve," and a new cycle focusing on emerging industries such as commercial aerospace, AI, and quantum computing [5][15] Company Recommendations - Recommended companies include: - **Aero Engine Corporation of China** (航发动力): Benefiting from high-end aviation equipment production and potential for domestic engine replacement in the civil aviation market [5][21] - **AVIC Xi'an Aircraft Industry Group** (中航西飞): A major manufacturer of military and civil aircraft, expected to benefit from modernization and military trade opportunities [5][22] - **China Power** (中国动力): Positioned to benefit from the recovery of the shipbuilding industry and the transition to dual-fuel engines [5][26] - **Aero Engine Control** (航发控制): Engaged in the production of control systems for military and civil aviation engines, with a strong competitive position [5][21] - **Ziguang Guowei** (紫光国微): Focused on the semiconductor industry with a strong emphasis on domestic market growth and AI integration [5][18] Financial Analysis - The report provides detailed financial metrics for key companies, including expected earnings per share (EPS), price-to-earnings (PE) ratios, and return on equity (ROE) for 2025 and 2026 [6] - For example, **航发动力** is projected to have an EPS of 0.34 CNY in 2026 with a PE ratio of 117.74 [6] - **中航重机** is expected to achieve a net profit of 11.21 billion CNY in 2025, with a dynamic PE ratio of approximately 28X [5][24] Market Performance - The report notes that the China Securities Military Industry Index has shown a weekly increase of 2.90%, outperforming major indices such as the Shanghai Composite and Shenzhen Component [5][34] - Year-to-date, the military industry index has increased by 42.34%, indicating strong market performance relative to other sectors [5][34]

第一条 为加快完善中国特色现代企业制度，促进中航航 空高科技股份有限公司（以下简称"中航高科"或"公司"） 董事会规范管理和有效运行，进一步明确外部董事的选聘、 职责、义务，提升外部董事服务保障工作水平，根据相关法 律法规和《中航航空高科技股份有限公司公司章程》（以下 简称《公司章程》）等有关规定，制定本办法。 第二条 本办法所称外部董事是指非中航高科员工的外 部人员担任的董事，不在中航高科担任除董事和董事会专门 委员会委员以外的其他职务，不负责执行层的事务。独立董 事属于外部董事。 第三条 本办法适用于中航高科董事会成员中的非独立 外部董事。独立董事相关管理参照《独立董事工作制度》。 第二章 选聘管理 第四条 外部董事由股东提名，股东会选举或更换，并可 在任期届满前由股东会解除其职务。 中航航空高科技股份有限公司 外部董事管理办法 （2025 年 12 月修订） 第一章 总则 股东可根据自身实际情况采用组织遴选或市场化选聘 等方式确定外部董事候选人名单，并向公司推荐。公司选举 两名以上的董事时实行累积投票制度。 第五条 外部董事应当具备下列基本条件： （一）具有较高的政治素质和较好的职业素养，事业心 和责任 ...