1月27日，航发动力涨5.13%，截至发稿，报48.35元/股，成交23.65亿元，换手率1.88%，总市值1288.81 亿元。 资料显示，中国航发动力股份有限公司位于陕西省西安市未央区徐家湾，成立日期1993年12月23日，上 市日期1996年4月8日，公司主营业务涉及航空发动机制造及衍生产品的生产、民用航空发动机零部件外 贸转包生产及部分非航空产品的生产。主营业务收入构成为：航空发动机及衍生产品91.55%，外贸出 口6.17%，非航空产品及其他2.28%。 从基金十大重仓股角度 数据显示，金信基金旗下1只基金重仓航发动力。金信转型创新混合A（002810）四季度增持14.92万 股，持有股数61万股，占基金净值比例为5.77%，位居第一大重仓股。根据测算，今日浮盈赚取约 143.96万元。 金信转型创新混合A（002810）成立日期2016年6月8日，最新规模1.21亿。今年以来收益12.54%，同类 排名959/8861；近一年收益67.52%，同类排名762/8126；成立以来收益298.37%。 金信转型创新混合A（002810）基金经理为黄飙、杨超。 截至发稿，黄飙累计任职时间4年250天，现 ...

| 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅%。 | | --- | --- | --- | --- | --- | --- | | 300855 | 图南股份 | 家 | 10.45 | 156亿 | 22.11 | | 600391 | 航发科技 | 1 | 10.00 | 175亿 | 43.18 | | 300775 | 三角防务 | 1 | 9.68 | 212亿 | 27.47 | | 603601 | 再升科技 | 1 | 7.65 | 124亿 | -13.15 | | 002471 | 中超控股 | + | 7.29 | 117亿 | 6.48 | | 688510 | 航亚科技 | | 6.68 | 101亿 | 45.35 | | 688563 | 航材股份 | 1 | 6.13 | 330亿 | 25.29 | | 000534 | 万泽股份 | 张 | 6.13 | 154亿 | 37.00 | | 688231 | 隆达股份 | | 5.72 | 79.34 Z | 23.62 | | 600893 | 航发动力 | 1 | 5.70 | 1296亿 | 2 ...

股票频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 1月27日，A股太空概念股走强，其中，航宇微、三角防务涨超10%，西部材料涨超8%，航发控制、雷 科防务涨超5%，航发动力、鸿远电子涨超4%。 | 代码 | 名标 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 300053 | 航宇微 | 수 | 10.80 | 171亿 | 28.92 | | 300775 | 三角防务 | 1 | 10.25 | 213亿 | 28.13 | | 002149 | 西部材料 | 1 | 8.66 | 231亿 | 3.98 | | 300044 | ST寨为 | 1 | 7.12 | 45.98 Z | 50.88 | | 600391 | 航发科技 | 1 | 6.65 | 170亿 | 38.81 | | 000738 | 航发控制 | 兼 | 5.56 | 332亿 | 18.58 | | 002413 | 雷科防务 | 1 | 5.55 | 188亿 | 13.71 | | 600893 | 航发动力 | 来 | ...

A股太空概念股走强，其中， 航宇微、 三角防务涨超10%， 西部材料涨超8%， 航发控制、 雷科防务 涨超5%， 航发动力、 鸿远电子涨超4%。 ...

截至10月31日，航发动力股东户数13.08万，较上期增加0.00%；人均流通股20376股，较上期增加 0.00%。2025年1月-9月，航发动力实现营业收入229.12亿元，同比减少11.73%；归母净利润1.08亿元， 同比减少85.13%。 分红方面，航发动力A股上市后累计派现40.57亿元。近三年，累计派现10.72亿元。 机构持仓方面，截止2025年9月30日，航发动力十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股3583.89万股，相比上期减少3762.36万股。富国中证军工龙头ETF（512710）位居第七大 流通股东，持股3011.21万股，相比上期增加453.42万股。华泰柏瑞沪深300ETF（510300）位居第八大 流通股东，持股2281.60万股，相比上期减少101.20万股。 航发动力今年以来股价涨16.74%，近5个交易日涨4.71%，近20日涨13.04%，近60日涨17.95%。 资料显示，中国航发动力股份有限公司位于陕西省西安市未央区徐家湾，成立日期1993年12月23日，上 市日期1996年4月8日，公司主营业务涉及航空发动机制造及衍生产品的生产、民用航空 ...

今日（1月26日），航天板块早盘调整，截至发稿，国证航天航空行业指数跌2.14%，该指数成分股 中，振芯科技涨超7%，航发动力、洪都航空等股飘红，中国卫星、航天发展等股跌超5%。 消息面上，据人民财讯，1月23日，第三届北京商业航天产业高质量发展推进会在北京经开区通明湖会 展中心举办。会上，"北京火箭大街"六大平台启动，包含商业航天共性试验平台、商业航天公共服务平 台、北京时空信息数据商业服务平台、商业航天元器件及其应用支持一站式服务平台、商业航天测运控 中心与太空态势感知服务合作平台。未来，"北京火箭大街"将加快"两箭、两星、三电子、两智造"等重 大项目建设，加速形成全链条"千星产发"能力。 国金证券指出，全球航天产业处在SpaceX等为代表的商业航天企业崛起之际，正经历着类似大航海时 代的结构性变革。中国商业航天开始到达从政策孵化期向工业化爆发期过渡的关键节点。我们认为， 2026年将是中国商业航天产业的阿尔法元年，行业逻辑将从单纯的题材映射转向基于供应链业绩兑现的 基本面投资。 （文章来源：21世纪经济报道） 相关ETF中，航空航天ETF天弘（159241）上周五收盘录得2连阳，当日成交额为1.66亿元 ...

Core Insights - The report emphasizes the ongoing prosperity in the commercial aerospace and military sectors, highlighting opportunities in overseas markets and the importance of technological advancements in the industry [2][3] Group 1: Industry Overview - The commercial aerospace sector is experiencing upward momentum, driven by SpaceX's advancements in reusable rocket technology, which could reduce space access costs by 100 times [13] - The military aviation sector is expected to benefit from increased demand for large aircraft and military trade, with significant growth anticipated in 2026 [14] - The report identifies a focus on supply chain reforms and the integration of AI technologies as key trends shaping the future of the defense and aerospace industries [15] Group 2: Investment Recommendations - The report recommends companies that align with the "S-curve" evolution, focusing on supply chain reforms and automation, including firms like航发动力 (Aero Engine Corporation) and 中航沈飞 (AVIC Shenyang Aircraft Corporation) [15] - Companies positioned for expansion in military trade and civil aviation, such as 国睿科技 (Guorui Technology) and 中国动力 (China Power), are highlighted for their growth potential [15] - Emerging industries like commercial aerospace, AI, and quantum computing are also recommended, with firms like 睿创微纳 (Ruichuang Micro-Nano) and 菲利华 (Feilihua) noted for their innovative capabilities [15] Group 3: Company Valuations and Financial Analysis - 航发动力 (Aero Engine Corporation) is projected to have a 2025E EPS of 0.22 CNY, with a PE ratio of 216.82 for 2025 [6] - 中航高科 (AVIC High-tech) is expected to achieve a 2025E EPS of 0.90 CNY, with a PE ratio of 29.16 for 2025 [6] - The report provides detailed financial metrics for various companies, indicating growth in EPS and improvements in PE ratios across the sector, reflecting a positive outlook for the defense and aerospace industries [6]

证券日报网讯1月23日，航发动力（600893）在互动平台回答投资者提问时表示，公司为中国航发燃气 轮机有限公司提供民用燃气轮机产品的配套，不存在同业竞争。关于中国航空发动机集团有限公司的相 关资本运作情况公司不详。 ...

36氪获悉，华创证券研报称，我国商用航空发动机市场潜力巨大。测算未来20年，中国商用航空发动机 总规模将超过2.6万亿元，简单年化超1300亿元规模；而售后市场进一步打开天花板，预计约千亿规模/ 年；两者合计达到2400亿元/年。建议关注国产商发产业链三条线索，其一是核心配套商，关注航发动 力、航发科技、航发控制；其二是高温合金等基础件供应商，继续推荐应流股份，关注万泽股份、航亚 科技、航宇科技；其三是原材料供应商，关注中航高科。 ...

Investment Rating - The report maintains a recommendation for the commercial aviation engine industry, indicating a positive investment outlook [1]. Core Insights - The commercial aviation engine is referred to as the "crown jewel" of modern industry, with engines accounting for approximately 25% of the total value of commercial aircraft [4][20]. - The report emphasizes the significant growth potential of China's commercial aviation engine market, projecting a total market size exceeding 2.6 trillion yuan over the next 20 years, with an annualized scale of over 130 billion yuan [5][11]. - The commercial aviation engine supply chain is characterized by high barriers to entry, with a global oligopoly dominated by a few major manufacturers [5][6]. Summary by Sections Industry Overview - The report introduces the commercial aviation engine as a critical component of modern industrial capabilities, highlighting China's reliance on imported engines and the low marketization rate of domestic engines, which is less than 1% [4][21]. Commercial Aviation Engine Analysis - The structure of commercial aviation engines includes key components such as fans, compressors, combustion chambers, and turbines, with the hot section being the most critical and challenging to manufacture [26][33]. - The aftermarket services for engines can generate revenues up to four times the initial sale price, indicating a lucrative long-term profit potential [4][18]. Business Model Exploration - The primary manufacturers operate under a "super blade + long-term blade" profit model, leveraging significant discounts on initial sales to capture market share while securing long-term service contracts for profitability [5][6]. - Suppliers in the engine manufacturing chain are positioned as "hidden champions," benefiting from high entry barriers and the need for extensive certification processes [5][6]. Global Valuation Perspective - The average price-to-earnings (PE) ratio for major engine manufacturers is reported at 30.2 times, with leading companies like GE Aerospace at 42 times, indicating robust valuation metrics driven by order backlog and aftermarket growth [5][6]. - Core suppliers exhibit an even higher average PE of 68.5 times, reflecting their scarcity and stable demand characteristics [5][6]. China's Commercial Aviation Engine Market - The report highlights the Longjiang series of engines as a key initiative to reduce reliance on foreign technology and enhance domestic capabilities [5][11]. - The projected growth of the Chinese aviation market is supported by forecasts indicating a compound annual growth rate (CAGR) of 4.4% from 2024 to 2044, with expectations of 10,175 aircraft by 2044 [5][11]. Investment Recommendations - The report suggests focusing on three key areas within the domestic aviation engine supply chain: core component suppliers, high-temperature alloy manufacturers, and raw material suppliers [5][11].