国浩律师（上海）事务所 关于 航天时代电子技术股份有限公司 2024 年年度股东大会 之 法律意见书 上海市静安区山西北路 99 号苏河湾中心 25-28 楼 邮编：200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai, China 电话/Tel: (+86)(21) 5234 1668 传真/Fax: (+86)(21) 5234 1670 网址/Website: http://www.grandall.com.cn 二〇二五年四月 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 关于航天时代电子技术股份有限公司 2024 年年度股东大会之 法律意见书 致：航天时代电子技术股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受航天时代电子技术股份 有限公司（以下简称"公司"）委托，指派本所律师出席并见证公司 2024 年年度 股东大会（以下简称"本次股东大会"）。 本所根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股 东会规则》等有关法律、法规及《航天时代电子技术股份有限公 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 二、本次发行情况概述 经中国证券监督管理委员会《关于核准航天时代电子技术股份有限公司非公开发行股票的批复》（证监 许可[2022]2374号）核准，并经上海证券交易所同意，公司于2023年7月12日非公开发行人民币普通股 （A股）64,618.75万股，每股发行价格为7.13元，募集资金总额为413,560.00万元，扣除各类发行费用之 后实际募集资金净额411,591.39万元。中兴财光华会计师事务所（特殊普通合伙）于2023年7月18日对航 天电子非公开发行股票的资金到位情况进行了审验，并出具了"中兴财光华审验字（2023）第400003 号"验资报告。根据中国证券登记结算有限责任公司上海分公司于2023年7月31日出具的《证券变更登记 证明》，中国证券登记结算有限责任公司上海分公司已完成与本次发行相关的证券变更登记。 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）担任航天电子2021年度向特定对象发行A股 股票的保荐人及持续督导机构，持续督导期为2023年7月31日至2024年12月31日。 三、保荐工作概述 截至2024年12月31日，保荐人 ...

中信证券股份有限公司 关于航天时代电子技术股份有限公司 2024 年度持续督导工作现场检查报告 根据《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定，中信证券股份有限公司（以下简称"中信证券"或"保荐 人"）作为正在对航天时代电子技术股份有限公司（以下简称"航天电子""公司" "上市公司"）进行持续督导工作的保荐人，对 2024 年 1 月 1 日至 2024 年 12 月 31 日（以下简称"本持续督导期间"）的规范运作情况进行了现场检查，现就现场 检查的有关情况报告如下： 一、本次现场检查的基本情况 （一）保荐人 中信证券股份有限公司 （二）保荐代表人 黄凯、张大伟 （三）现场检查人员 黄凯 现场检查人员对本持续督导期内发行人公司治理和内部控制情况、信息披露 情况、公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况、 募集资金使用情况、关联交易、对外担保、重大对外投资情况、经营状况等方面 进行了现场检查，具体检查内容详见本报告"二、本次现场检查主要事项及意见"。 1 （六）现场检查手段 本次现场检查的手段主要包括资料查阅、访谈、现场查看等，具体检查手段 详 ...

中信证券股份有限公司关于 航天时代电子技术股份有限公司 持续督导保荐总结报告书 保荐人编号：Z20374000 申报时间：2025 年 4 月 一、发行人基本情况 | 公司中文名称 | 航天时代电子技术股份有限公司 | | --- | --- | | | （以下简称"航天电子"或"公司"） | | 公司英文名称 | China Aerospace Times Electronics Co., Ltd. | | 法定代表人 | 姜梁 | | 注册地址 | 武汉经济技术开发区高科技园 | | 办公地址 | 北京市海淀区丰滢东路 号 1 | | 股票上市地 | 上海证券交易所 | | 股票简称 | 航天电子 | | 股票代码 | 600879.SH | | 董事会秘书 | 吕凡 | | 联系电话 | 010-88106362 | | 电子邮箱 | lvfan@catec-ltd.cn 民用航天与运载火箭及配套设备、计算机技术及软硬件、 | | | 电子测量与自动控制、新材料、通信产品、记录设备、仪 器仪表、卫星导航与卫星应用技术及产品、卫星电视接收 | | | 和有线电视产品（仅限分支机构经营）及上述产品的技术 | ...

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].

Core Viewpoint - The company successfully completed a non-public offering of shares, raising a total of RMB 413.56 million, with a net amount of RMB 411.59 million after deducting issuance costs [1][2]. Group 1: Non-Public Offering Details - The company issued 64,618,750 shares at a price of RMB 7.13 per share, approved by the China Securities Regulatory Commission [1]. - The funds raised will be subject to verification by the accounting firm Zhongxing Caiguanghua, which confirmed the funds' arrival on July 18, 2023 [1]. - The Shanghai Branch of China Securities Depository and Clearing Co., Ltd. completed the securities change registration related to this issuance on July 31, 2023 [1]. Group 2: Continuous Supervision by Sponsor - The sponsor, CITIC Securities, established a continuous supervision work system and a corresponding work plan, clarifying the requirements for on-site inspections [2]. - A sponsorship agreement was signed between the sponsor and the company, outlining the rights and obligations during the supervision period [2]. - Continuous supervision included daily communication, on-site visits, and compliance with relevant regulations and normative documents [3]. Group 3: Review of Information Disclosure - The sponsor reviewed the company's governance documents, financial management, internal control systems, and internal audit reports [3]. - The sponsor conducted interviews with senior management and monitored media reports related to the company [3][4]. - The sponsor found that the company had established and executed an information disclosure system in accordance with relevant laws and regulations during the supervision period [5]. Group 4: Reporting Matters - During the continuous supervision period, the sponsor did not identify any matters that required reporting to the China Securities Regulatory Commission or the Shanghai Stock Exchange [5].

Investment Rating - The investment rating for the company is "Buy" and is maintained [9] Core Views - In 2024, the company's revenue is expected to decline by 23.75% due to fluctuations in demand from aerospace defense downstream customers, alongside the exclusion of the civil products subsidiary's revenue from August to December [2][7] - The company achieved a historical high gross margin of 20.99% for the year, benefiting from the divestiture of its civil products business [2][7] - The company is positioned for high-quality growth driven by its dual main businesses in aerospace support and unmanned systems, with expectations of a recovery in demand in the aerospace defense sector as the "14th Five-Year Plan" concludes [2][7] Summary by Sections Financial Performance - In 2024, the company reported total revenue of 14.28 billion, a decrease of 23.75% year-on-year; net profit attributable to shareholders was 548 million, an increase of 4.42% year-on-year; and net profit excluding non-recurring items was 167 million, a decrease of 59.44% year-on-year [7] - For Q4 2024, the company achieved revenue of 5.05 billion, a decrease of 12.52% year-on-year, and a net loss of 14 million, a decrease of 213.60% year-on-year [7] Market Dynamics - The company’s military product deliveries fell short of expectations due to industry demand fluctuations, impacting overall revenue [12] - The company’s inventory remains at historically high levels, with a year-end inventory of 20.25 billion, indicating potential for rapid delivery as demand recovers [12] Future Outlook - The company is expected to achieve net profits of 651 million, 803 million, and 1.115 billion for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 19%, 23%, and 39% [12] - The company’s focus on high-intensity R&D investments is expected to solidify its position in the unmanned systems industry and explore emerging markets such as commercial aerospace and low-altitude economy [12]

1、保荐人制定了持续督导工作制度，制定了相应的工作计划，明确了现场 检查的工作要求。 2、保荐人已与公司签订保荐协议，该协议已明确了双方在持续督导期间的 权利义务，并报上海证券交易所备案。 中信证券股份有限公司 关于航天时代电子技术股份有限公司 2024年度持续督导报告书 | 上市公司：航天时代电子技术股份有限公司（以下简称"航天电子"、"公司"） | | | --- | --- | | 保荐人名称：中信证券股份有限公司（以下简称"中信证券"或"保荐人"） | | | 保荐代表人姓名：黄凯 | 联系电话：010-60837525 | | 保荐代表人姓名：张大伟 | 联系电话：13301281883 | 经中国证券监督管理委员会《关于核准航天时代电子技术股份有限公司非公 开发行股票的批复》（证监许可[2022]2374 号）核准，并经上海证券交易所同意， 公司于 2023 年 7 月 12 日非公开发行人民币普通股（A 股）64,618.75 万股，每 股发行价格为 7.13 元，募集资金总额为 413,560.00 万元，扣除各类发行费用之 后实际募集资金净额 411,591.39 万元。中兴财光华会计师事务 ...

Meeting Overview - The annual general meeting of shareholders for Aerospace Electronic Technology Co., Ltd. is scheduled for April 21, 2025 [1][2] - The meeting will utilize both on-site and online voting methods, with specific voting times outlined [2][3] Voting Procedures - Shareholders must complete voting on all proposals before submission [3] - Duplicate voting through different platforms will be disregarded, with the first vote counted [3] Attendance and Registration - Shareholders registered by the close of business on the equity registration date (April 15, 2025) are eligible to attend [4][5] - Registration requirements for both corporate and individual shareholders are specified, including necessary documentation [5] Agenda Items - The meeting will review 15 proposals, including a financial services agreement, with specific disclosure dates for each [2] - Certain related shareholders are required to abstain from voting on specific proposals [2] Additional Information - Shareholders or their representatives are responsible for their own travel and accommodation expenses [6]

航天时代电子技术股份有限公司 关于召开 2024 年年度股东大会的通知 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。 证券代码：600879 证券简称：航天电子 公告编号：2025-019 股东大会召开日期：2025年4月21日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 4 月 21 日 重要内容提示： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年年度股东大会 召开的日期时间：2025 年 4 月 21 日 14 点 15 分 召开地点：朗丽兹西山花园酒店（北京市海淀区丰智东路 13 号）会议室 至 2025 年 4 月 21 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为 ...