低空经济企业陆续交出2025年半年"成绩单"。 截至7月14日，低空经济指数成分股中，24家披露了业绩预告。 从业绩预告情况看，上半年低空经济企业喜忧参半：12家企业在2025年上半年实现盈利，其余12家企业 均出现亏损。 | 证券代码 | 证券简称 | 业绩预告类型 | 业绩预告摘要 | | --- | --- | --- | --- | | | | [报告期] 今年中报 | [报告期] 今年中报 | | 600843.SH | 上工申贝 | 自亏 | 净利润约-7800.0000万元~-6300.0000万元 | | 000547.SZ | 航天发展 | 续亏 | 净利润约 42000万元~34000万元,变动幅度为:15.50%~6.50% | | 002389.SZ | 航天彩虹 | 直亏 | 净利润约-50万元~40万元,变动幅度为:-100.76%~-100.61% | | 600893 SH | 航发动力 | 预减 | 净利润约8000.0000万元~9200.0000万元减少86.55%~84.53% | | 600990 SH | 四创电子 | 续亏 | 净利润约-5000.0000万元~- ...

登录新浪财经APP 搜索【信披】查看更多考评等级 07月14日，AI算力需求引爆业绩！光模块龙头新易盛预计上半年净利大增超3倍，最高可达42亿元；星 辉娱乐拟出售旗下欧洲足球俱乐部，买家为伯恩利老板；"戴帽"公司*ST宇顺上演豪赌，拟斥资33.5亿 现金收购三家公司谋求多元化业务布局。 以下是盘后公告精选： 新易盛：预计上半年净利润同比增长327.68%-385.47% 新易盛公告，预计2025年上半年净利润为37亿元–42亿元，同比增长327.68%-385.47%。报告期内公司受 益于人工智能相关算力投资持续增长，产品结构优化，高速率产品需求持续增加，公司预计销售收入和 净利润较上年同期大幅增加。 星辉娱乐：拟1.3亿欧元出售西班牙人俱乐部99.66%股权 星辉娱乐公告称，公司全资子公司星辉体育（香港）有限公司、星辉游戏（香港）有限公司与 VELOCITY SPORTS LTD签订股权买卖协议，拟将合计持有的西班牙人俱乐部99.66%股权转让给 VELOCITY，交易对价为1.3亿欧元，其中6500万欧元以现金支付，6500万欧元以买方的股份进行支 付。本次交易完成后，VELOCITY将持有西班牙人俱乐部 ...

证券代码：600893 证券简称：航发动力 公告编号：2025-017 中国航发动力股份有限公司 2025 年半年度业绩预告 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： 本期业绩预告适用于实现盈利，且净利润与上年同期相比下降 50%以上 的情形。 （一）业绩预告期间 2025年1月1日至2025年6月30日。 （二）业绩预告情况 1.经财务部门初步测算，预计2025年半年度实现归属于母公司所有者的净利 润8,000.00万元到9,200.00万元，与上年同期相比，将减少50,273.47万元到 51,473.47万元，同比减少84.53%到86.55%。 2.预计2025年半年度实现归属于母公司所有者的扣除非经常性损益的净利 润3,400.00万元到4,600.00万元，与上年同期相比，将减少50,045.62万元到 51,245.62万元，同比减少91.58%到93.78%。 （三）本期业绩预告未经注册会计师审计。 二、上年同期经营业绩和财务情况 （一）2024年半年度利润总额：76,573.45万元。归 ...

Group 1 - The core strategy of the company is to implement a collaborative development approach for military and civilian aircraft, as well as domestic and international markets, focusing on the low-altitude economy and general aviation engine market [1] - The company has achieved significant results in the first half of 2025, particularly in the development of the AES100 engine, which meets international airworthiness standards and has overcome over 200 core technologies [3] - The AES100 engine has received a production license from the Civil Aviation Administration of China in April 2025, marking its transition to industrial mass production [3] Group 2 - Following the success of the AES100, the company has developed the AEP100 turboprop engine, which has a power output of 900 kW and is designed for various aircraft types, showcasing strong performance and market potential [4] - The AEP100 engine has been recognized in the market, with its initial delivery for the W5000 unmanned cargo aircraft in June 2025, indicating a significant step towards commercialization [4] - The company is actively engaging with domestic general aviation platforms to analyze application scenarios and customer needs for the AEP100 engine, aiming to promote the localization of aviation power systems [4] Group 3 - The company plans to strategically allocate resources to proactively explore both domestic and international markets, aiming for continued success in the general aviation power brand [5]

记者从中国航空工业集团了解到，7月8日，中国和尼泊尔边境的吉隆口岸一带发生自然灾害，已致部分 人员失联，当地通信、交通等基础设施部分受损。接到西藏自治区应急管理厅应急出动命令后，中航无 人机现场团队于8日、9日及10日，连续三日调派翼龙应急型无人机飞赴灾区，执行紧急灾情侦察和通信 保障任务。任务期间，累计恢复接入三网通用户超2000人，承载流量超23GB。(央视新闻) ...

金融界7月11日消息，上证指数高开震荡，中证国防指数 (中证国防，399973)上涨0.92%，报1589.12 点，成交额242.75亿元。 数据统计显示，中证国防指数近一个月上涨7.16%，近三个月上涨10.26%，年至今上涨10.50%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 据了解，中证国防指数选取隶属于十大军工集团公司旗下的上市公司证券，以及为国家武装力量提供武 器装备，或与军方有实际装备承制销售金额或签订合同的相关上市公司证券作为指数样本，以反映国防 产业上市公司证券的整体表现。该指数以2011年06月30日为基日，以1000.0点为基点。 从指数持仓来看，中证国防指数十大权重分别为：中航沈飞（7.9%）、中航光电（6.1%）、航发动力 （6.0%）、中航西飞（4.6%）、中航机载（3 ...

Quantitative Models and Construction Methods - **Model Name**: Guozheng Aerospace and Aviation Industry Index (CN5082.CNI) **Model Construction Idea**: The index is designed to reflect the market performance of aerospace and aviation industry companies listed on the Shanghai, Shenzhen, and Beijing Stock Exchanges [41][42] **Model Construction Process**: 1. **Sample Space**: Select A-shares and red-chip enterprises' depositary receipts that meet the following conditions: - Non-ST/*ST securities - Listed for over 1 year (for STAR Market and Beijing Stock Exchange securities) or over 6 months (for other securities) - No major violations or financial reporting issues in the past year - No abnormal price fluctuations during the observation period - Belong to the aerospace and aviation industry under Guozheng's tertiary industry classification [43] 2. **Candidate Pool**: - Calculate the average daily free-float market capitalization and average daily trading volume over the past six months for eligible securities - Exclude the bottom 10% of securities ranked by trading volume if the pool exceeds 10 securities [43] 3. **Sample Selection**: - If the candidate pool contains ≤30 securities, all are included - If the pool contains 30<N≤50 securities, select securities covering 85% of free-float market capitalization, rounded to the nearest multiple of 10 [43] - If the pool contains >50 securities, select securities covering 85% of free-float market capitalization, rounded to the nearest multiple of 10, capped at 50 securities [43] 4. **Weighting**: Free-float market capitalization weighting [43] 5. **Adjustment**: Regular adjustments occur semi-annually, with temporary adjustments for special cases like delisting or corporate actions [44] **Model Evaluation**: The index is highly focused on the aerospace and aviation sector, with a strong representation of small-cap stocks and high exposure to the defense industry [44][47] Model Backtesting Results - **Guozheng Aerospace and Aviation Industry Index**: - **Annualized Return**: 6.26% (past five years) [61][62] - **Sharpe Ratio**: 0.33 (past five years) [61][62] - **Maximum Drawdown**: -55.93% (past five years) [61][62] - **Annualized Volatility**: 34.13% (past five years) [61][62] - **Recent Performance**: 33.78% return in the past year, outperforming other broad-based indices and military-themed indices [64][66] - **Bull Market Elasticity**: Demonstrated strong performance during bull market periods, with gains of 40.56%, 50.90%, and 38.36% in specific intervals [65] Quantitative Factors and Construction Methods - **Factor Name**: "Military Exposure" **Factor Construction Idea**: Focus on stocks with high exposure to the defense industry, particularly aerospace and aviation [47][55] **Factor Construction Process**: - Select stocks with significant involvement in defense-related activities, such as aircraft manufacturing, satellite technology, and unmanned systems [47][55] - Weight stocks based on their free-float market capitalization [43][55] **Factor Evaluation**: The factor achieves high representation of military-related stocks, with 97% of the index's components belonging to the defense industry [47][55] - **Factor Name**: "Aerospace Exposure" **Factor Construction Idea**: Emphasize stocks within the aerospace and aviation sub-sector [47][60] **Factor Construction Process**: - Identify stocks classified under the aerospace and aviation sub-sector [47][60] - Weight stocks based on their free-float market capitalization [43][60] **Factor Evaluation**: The factor has a high concentration in aerospace stocks, with 51% of the index's weight allocated to this sub-sector [47][60] Factor Backtesting Results - **Military Exposure Factor**: - **Representation**: 97% of index components belong to the defense industry [47][55] - **Aerospace Exposure Factor**: - **Representation**: 51% of index weight allocated to aerospace stocks [47][60] - **Unmanned Systems Factor**: - **Representation**: Over 12% of index weight allocated to stocks involved in unmanned systems, such as drones [60]

Core Viewpoint - The China Securities Index for State-owned Enterprises in Aerospace Technology has shown a mixed performance in the A-share market, with a recent decline but positive growth over the past month, three months, and year-to-date [1] Group 1: Index Performance - The China Securities Index for State-owned Enterprises in Aerospace Technology closed at 2453.88 points, down 0.64% with a trading volume of 17.406 billion [1] - Over the past month, the index has increased by 7.20%, by 18.44% over the last three months, and by 6.34% year-to-date [1] Group 2: Index Composition - The index comprises 40 representative listed companies from state-owned enterprises involved in aerospace technology, including sectors such as aerospace equipment, materials, information, and security [1] - The index was established on December 28, 2018, with a base value of 1000.0 points [1] Group 3: Top Holdings - The top ten weighted companies in the index are: - Aero Engine Corporation (9.24%) - AVIC Xi'an Aircraft Industry (8.48%) - AVIC Optoelectronics (7.72%) - AVIC Shenyang Aircraft Corporation (5.98%) - Hongdu Aviation (4.66%) - Northern Navigation (4.23%) - AVIC Aircraft (3.95%) - AVIC High-tech (3.94%) - Aerospace Electronics (3.91%) - Zhongke Star Map (3.86%) [1] Group 4: Market Distribution - The market distribution of the index holdings shows that the Shanghai Stock Exchange accounts for 63.93%, the Shenzhen Stock Exchange for 35.46%, and the Beijing Stock Exchange for 0.60% [1] Group 5: Industry Breakdown - The industry composition of the index holdings is as follows: - Industrial sector: 82.67% - Materials sector: 5.83% - Information technology: 5.14% - Communication services: 4.70% - Consumer discretionary: 1.67% [2] Group 6: Sample Adjustment - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December each year [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2]

Group 1 - The core index of the aerospace and military industry, the China Securities Aerospace and Military Integration Index, experienced a slight decline of 0.06%, closing at 2045.92 points with a trading volume of 13.86 billion yuan [1] - Over the past month, the index has increased by 5.31%, by 7.83% over the last three months, and by 6.40% year-to-date [1] - The index includes leading companies related to the aerospace and military integration strategy, covering sectors such as aircraft, power and control systems, early warning systems, weapon systems, C4ISR systems, military digitalization, and aerospace materials [1] Group 2 - The top ten weighted companies in the index are: AVIC Shenyang Aircraft (9.35%), Aero Engine Corporation of China (7.0%), AVIC Optoelectronics (6.99%), AVIC Xi'an Aircraft (5.36%), AVIC Aircraft (4.07%), Aerospace Electronics (3.8%), Haige Communications (3.66%), Ruichuang Micro-Nano (3.48%), AVIC Chengfei (3.47%), and Western Superconducting (3.24%) [1] - The index's holdings are primarily from the Shanghai Stock Exchange (56.09%) and the Shenzhen Stock Exchange (43.91%) [2] - The industrial sector constitutes 72.33% of the index holdings, followed by materials (13.27%), information technology (8.07%), and communication services (6.33%) [2] Group 3 - Public funds tracking the aerospace and military industry include Penghua China Securities Aerospace and Military Integration C and Penghua China Securities Aerospace and Military Integration A [3]

Core Viewpoint - The high-end equipment sector is experiencing mixed performance, with specific stocks showing significant gains while others decline, indicating a volatile market environment [1][4]. Group 1: Market Performance - As of July 3, 2025, the CSI High-End Equipment Sub-Index decreased by 0.07%, with stocks like Jiuziyang rising by 18.64% and China Haifang leading the decline [1]. - The High-End Equipment ETF (159638) saw a turnover of 2.07% during the trading session, with a total transaction value of 24.12 million yuan [3]. - Over the past week, the average daily transaction value of the High-End Equipment ETF was 83.12 million yuan, with the latest fund size reaching 1.158 billion yuan [3]. Group 2: Investment Trends - Leveraged funds are increasingly investing in the high-end equipment sector, with the latest margin buying amounting to 2.36 million yuan and a margin balance of 20.91 million yuan [3]. - The High-End Equipment ETF has shown a net value increase of 27.22% over the past year, with the highest single-month return recorded at 19.30% [3]. Group 3: Industry Outlook - The military industry is expected to experience three growth curves: domestic demand focusing on low-cost precision-guided munitions, unmanned systems, and information technology; military trade demand potentially surging due to regional conflicts; and broader military demand in areas like large aircraft, low-altitude economy, commercial aerospace, and deep-sea technology [3][4]. - China's defense spending is projected to grow significantly, likely outpacing GDP growth, with 2025 marking a turning point for the industry as it emerges from a period of stagnation [4]. - The top ten weighted stocks in the CSI High-End Equipment Sub-Index account for 45.22% of the index, indicating concentrated investment in key players like AVIC Shenyang Aircraft and AVIC Engine [4][6].