证券代码：601606 证券简称：长城军工 公告编号：2025-055 安徽长城军工股份有限公司 第五届董事会第九次会议决议公告 （一）审议并通过《关于提名长城军工第五届董事会非独立董事候选人的 议案》 表决情况：赞成票 8 票，反对票 0 票，弃权票 0 票 表决结果：通过 经审议，董事会同意提名徐波先生为公司第五届董事会非独立董事候选人， 任期将自股东会选举通过之日起至第五届董事会任期届满时止。 该议案已经公司第五届董事会提名委员会第三次会议审议通过。 该议案尚需提交股东会审议。 具体事宜详见公司在上海证券交易所网站（www.sse.com.cn）发布的《安徽 长城军工股份有限公司关于提名第五届董事会非独立董事候选人的公告》。 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法律责任。 一、董事会会议召开情况 安徽长城军工股份有限公司（以下简称"公司"或"长城军工"）第五届董事会 于 2025 年 11 月 25 日以书面或通讯的方式向全体董事发出了第五届董事会第九 次会议通知。第五届董事会第九次会议于 2025 年 12 月 3 日 ...

Market Overview - The ground equipment sector increased by 0.35% compared to the previous trading day, with Galaxy Electronics leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up by 0.65%, while the Shenzhen Component Index closed at 13146.72, up by 1.25% [1] Individual Stock Performance - Galaxy Electronics (002519) closed at 5.65, with a rise of 9.92% and a trading volume of 1.1756 million shares, amounting to a transaction value of 663 million yuan [1] - National Science and Technology Year (688543) closed at 56.41, up by 4.37%, with a trading volume of 159,700 shares and a transaction value of 899 million yuan [1] - Tianzuo Equipment (300922) closed at 23.38, increasing by 1.70%, with a trading volume of 42,400 shares and a transaction value of approximately 99.16 million yuan [1] - Northern Navigation (600435) closed at 13.92, up by 1.38%, with a trading volume of 122,150 shares and a transaction value of 308 million yuan [1] - Other notable performances include: - Optoelectronics (600184) at 18.48, up by 0.49% [1] - Zhongbing Hongjian (000519) at 18.59, up by 0.27% [1] - Inner Mongolia First Machinery (600967) at 17.31, up by 0.23% [1] - Ganhuakegong (000576) at 10.39, unchanged [1] - Jieqiang Equipment (300875) at 45.40, down by 1.18% [1] - ST Emergency (300527) at 8.52, down by 1.27% [1] Capital Flow Analysis - The ground equipment sector experienced a net outflow of 395 million yuan from institutional investors, while retail investors saw a net inflow of 409 million yuan [2] - The capital flow for individual stocks shows: - National Science and Technology Year had a net inflow of 32.98 million yuan from institutional investors [3] - Northern Navigation saw a net inflow of 23.03 million yuan from institutional investors [3] - Galaxy Electronics had a net inflow of 14.37 million yuan from institutional investors [3] - ST Emergency experienced a significant net outflow of 32.69 million yuan from institutional investors [3] - Other stocks like Jieqiang Equipment and Optoelectronics also faced net outflows from institutional investors [3]

Core Insights - The ground armament sector experienced a rise of 1.62% on November 28, with Galaxy Electronics leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Galaxy Electronics (002519) closed at 5.14, with a significant increase of 10.06%, and a trading volume of 1.41 million shares, amounting to 720 million yuan [1] - Other notable performers included: - Optoelectronics Co. (600184) at 18.39, up 6.24% [1] - National Science and Technology Car Tool (688543) at 54.05, up 3.33% [1] - Great Wall Military Industry (601606) at 52.95, up 1.63% [1] Capital Flow - The ground armament sector saw a net inflow of 76.82 million yuan from institutional investors, while retail investors contributed a net inflow of 10.6 million yuan [1] - Notable capital flows for specific stocks included: - Galaxy Electronics with a net inflow of 25.4 million yuan from institutional investors [2] - Optoelectronics Co. with a net inflow of 24.1 million yuan [2] - National Science and Technology Car Tool with a net inflow of 20.23 million yuan [2]

Group 1 - The core viewpoint of the news is that Changcheng Military Industry has shown significant stock performance, with a year-to-date increase of 351.96% and a recent trading volume of 18.95 billion yuan [1][2] - As of November 28, the stock price reached 53.15 yuan per share, with a market capitalization of 38.493 billion yuan [1] - The company has been actively traded, appearing on the "Dragon and Tiger List" 19 times this year, indicating strong market interest [1] Group 2 - Changcheng Military Industry's main business revenue composition includes 69.14% from equipment manufacturing, 28.60% from civilian products, and 2.25% from other sources [1] - For the period from January to September 2025, the company achieved operating revenue of 1.077 billion yuan, a year-on-year increase of 10.79%, while the net profit attributable to the parent company was -17.767 million yuan, reflecting a year-on-year increase of 76.66% [2] - The company has distributed a total of 146 million yuan in dividends since its A-share listing, with 22.451 million yuan distributed in the last three years [3] Group 3 - As of September 30, 2025, the number of shareholders for Changcheng Military Industry increased to 182,700, a rise of 26.23%, while the average circulating shares per person decreased by 20.78% to 3,965 shares [2] - The top ten circulating shareholders include various ETFs, with notable changes in holdings, such as a decrease of 665,500 shares for Guotai Zhongzheng Military Industry ETF and an increase of 2,300 shares for Southern Zhongzheng 1000 ETF [3]

Market Overview - The ground armament sector experienced a decline of 0.64% on November 27, with Jieqiang Equipment leading the drop [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Individual Stock Performance - Jieqiang Equipment (300875) closed at 45.77, down 2.62% with a trading volume of 60,500 shares and a transaction value of 281 million yuan [2] - Changcheng Military Industry (601606) closed at 52.10, down 1.12%, with a trading volume of 530,000 shares and a transaction value of 2.786 billion yuan [2] - Other notable declines include: - Guangdian Co. (600184) down 0.92% [2] - Yinhe Electronics (002519) down 0.64% [2] - Beifang Navigation (600435) down 0.58% [2] Capital Flow Analysis - The ground armament sector saw a net outflow of 267 million yuan from institutional investors, while retail investors had a net inflow of 298 million yuan [2][3] - The capital flow for individual stocks showed: - Beifang Changlong (301357) had a net inflow of 37.35 million yuan from institutional investors [3] - Jieqiang Equipment (300875) experienced a net outflow of 15.57 million yuan from institutional investors [3] - Guangdian Co. (600184) had a net outflow of 14.01 million yuan from institutional investors [3]

Core Insights - On November 26, 2023, the Shanghai-Hong Kong Stock Connect saw its dedicated seats appear on the trading leaderboard for 15 stocks, indicating significant trading activity in these companies [1][2] Group 1: Net Buying Stocks - Dongxin Co., Ltd. (688110) had a net buying amount of 162.92 million yuan, with a daily increase of 20.00% and a turnover rate of 11.72% [2] - Yongding Co., Ltd. (600105) recorded a net buying of 127.82 million yuan, with a daily increase of 9.99% and a turnover rate of 27.71% [2] - China Shipbuilding Defense (600685) saw a net buying of 52.25 million yuan, but experienced a daily decrease of 9.34% with a turnover rate of 10.13% [2] - Other notable net buying stocks include Aerospace Power (600343) with 44.17 million yuan and a slight increase of 0.05%, and Changguang Huaxin (688048) with 26.61 million yuan and a 20.00% increase [2] Group 2: Net Selling Stocks - Shanghai Port (605598) had the highest net selling amount at 40.15 million yuan, with a daily decrease of 4.31% and a turnover rate of 10.45% [2] - Other significant net selling stocks include Electronics Science and Technology (600877) with a net selling of 18.97 million yuan and a decrease of 8.46%, and Great Wall Military Industry (601606) with 17.80 million yuan and a decrease of 8.05% [2] - The total number of stocks on the leaderboard was 55, with 15 stocks showing activity from the Shanghai-Hong Kong Stock Connect [1]

Core Viewpoint - 长城军工 experienced a significant decline of 8.05% in its stock price, with a trading volume of 4.688 billion yuan and a turnover rate of 12.13% on the day of the report [2]. Trading Activity - The stock was listed on the Shanghai Stock Exchange's watch list due to a price deviation of -7.89%, with net selling from the Shanghai-Hong Kong Stock Connect amounting to 17.804 million yuan [2]. - The top five trading departments recorded a total transaction volume of 824 million yuan, with buying amounting to 302 million yuan and selling at 522 million yuan, resulting in a net selling of 219 million yuan [2]. - The largest buying department was the Shanghai-Hong Kong Stock Connect, with a buying amount of 115 million yuan and a selling amount of 133 million yuan, leading to a net selling of 17.804 million yuan [2]. Fund Flow - The stock saw a net outflow of 666 million yuan in principal funds, with large orders contributing to a net outflow of 338 million yuan and 324 million yuan respectively [2]. - Over the past five days, the total net outflow of principal funds reached 750 million yuan [2]. Margin Trading Data - As of November 25, the margin trading balance for the stock was 922 million yuan, with a financing balance of 913 million yuan and a securities lending balance of 914.51 thousand yuan [3]. - In the last five days, the financing balance increased by 268 million yuan, reflecting a growth rate of 41.51%, while the securities lending balance rose by 89.95 thousand yuan, marking a 10.91% increase [3]. Financial Performance - According to the third-quarter report released on October 25, the company achieved a revenue of 1.077 billion yuan in the first three quarters, representing a year-on-year growth of 10.79%, but reported a net loss of 17.767 million yuan [3].

Market Overview - The state-owned enterprise reform sector declined by 0.4% compared to the previous trading day, with Jiuzhiyang leading the decline [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Top Performers in State-Owned Enterprise Reform Sector - Huashu Holdings (000509) closed at 4.03, up 10.11% with a trading volume of 296,500 shares and a turnover of 116 million yuan [1] - Teda Co., Ltd. (000652) closed at 4.59, up 10.07% with a trading volume of 828,800 shares and a turnover of 376 million yuan [1] - Te Fa Information (000070) closed at 13.92, up 10.04% with a trading volume of 2,296,300 shares and a turnover of 3.122 billion yuan [1] - Shanghai Mechanical & Electrical (600835) closed at 33.00, up 10.00% with a trading volume of 537,500 shares and a turnover of 1.703 billion yuan [1] Underperformers in State-Owned Enterprise Reform Sector - Jiuzhiyang (300516) closed at 53.35, down 12.83% with a trading volume of 263,100 shares and a turnover of 1.451 billion yuan [2] - Aerospace Development (000547) closed at 12.69, down 10.00% with a trading volume of 4,955,900 shares and a turnover of 6.514 billion yuan [2] - China Shipbuilding Defense (600685) closed at 29.89, down 9.34% with a trading volume of 832,200 shares and a turnover of 2.503 billion yuan [2] Capital Flow Analysis - The state-owned enterprise reform sector experienced a net outflow of 8.337 billion yuan from institutional investors, while retail investors saw a net inflow of 5.888 billion yuan [2] - Notable net inflows from retail investors were observed in Shanghai Mechanical & Electrical (600835) with 250 million yuan and Huagong Technology (000988) with 216 million yuan [3]

Market Overview - The ground weaponry sector experienced a decline of 4.67% on November 26, with Changcheng Military Industry leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Individual Stock Performance - Changcheng Military Industry (601606) closed at 52.69, down 8.05% with a trading volume of 878,700 shares and a transaction value of 4.688 billion [1] - Guoke Military Industry (688543) closed at 52.55, down 6.58% with a trading volume of 163,900 shares [1] - Jieqiang Equipment (300875) closed at 47.00, down 6.47% with a trading volume of 97,800 shares [1] - Beifang Changlong (301357) closed at 161.55, down 5.00% with a trading volume of 76,000 shares [1] - Tianzuo Equipment (300922) closed at 22.76, down 4.45% with a trading volume of 44,000 shares [1] Capital Flow Analysis - The ground weaponry sector saw a net outflow of 1.444 billion from main funds, while retail investors contributed a net inflow of 1.257 billion [1] - The main funds showed significant outflows from Changcheng Military Industry (-715 million), Zhongbing Hongjian (-178 million), and Beifang Changlong (-148 million) [2] - Retail investors showed inflows into Changcheng Military Industry (614 million), Zhongbing Hongjian (1.61 billion), and Beifang Changlong (1.45 billion) [2]

Group 1 - The military industry sector is experiencing ongoing adjustments, with notable declines in stock prices [1] - Companies such as Jiuziyang and Jianglong Shipbuilding have seen their shares drop over 10% [1] - China Shipbuilding Defense has hit the daily limit down, indicating significant market pressure [1] Group 2 - Other companies facing substantial declines include Morningstar Aerospace, Beihua Co., Great Wall Military Industry, and Yaxing Anchor Chain, all showing significant negative performance [1]