安徽长城军工股份有限公司 证券代码：601606 证券简称：长城军工 公告编号：2025-041 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2025 年 9 月 15 日（周一）15:00-17:00。届时公司 高管将在线就公司业绩、公司治理、发展战略、经营状况、融资计划、股权激励 和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者 踊跃参与！ 特此公告！ 安徽长城军工股份有限公司 关于参加 2025 年安徽辖区上市公司投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，安徽长城军工股份有限公司（以下简称 "公司"）将参加由安徽证监局指导，安徽上市公司协会与深圳市全景网络有限公 司联合举办的"2025 年安徽上市公司投资者网上集体接待日"，现将相关事项公告 如下： 2025 年 9 月 13 日 ...

Market Overview - The ground equipment sector increased by 2.75% compared to the previous trading day, with North China Long Dragon leading the gains [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Individual Stock Performance - North China Long Dragon (301357) closed at 136.33, up 12.91% with a trading volume of 86,200 shares and a transaction value of 1.105 billion [1] - Great Wall Military Industry (601606) closed at 50.50, up 7.17% with a trading volume of 669,900 shares and a transaction value of 3.251 billion [1] - Jieqiang Equipment (300875) closed at 46.83, up 5.78% with a trading volume of 85,300 shares and a transaction value of 392 million [1] - Inner Mongolia First Machinery (600967) closed at 19.97, up 4.06% with a trading volume of 647,500 shares and a transaction value of 1.270 billion [1] - China Ordnance Arrow (000519) closed at 18.69, up 3.32% with a trading volume of 437,700 shares and a transaction value of 812 million [1] Capital Flow Analysis - The ground equipment sector saw a net inflow of 148 million from institutional investors, while retail investors experienced a net outflow of 215 million [2] - The main capital inflow and outflow for specific stocks include: - Inner Mongolia First Machinery: net inflow of 10.31 million from main capital, net outflow of 101 million from retail [3] - China Ordnance Arrow: net inflow of 66.25 million from main capital, net outflow of 39.51 million from retail [3] - Jieqiang Equipment: net inflow of 46.19 million from main capital, net outflow of 72.92 million from retail [3]

Core Viewpoint - The defense and military industry sector experienced a significant surge in stock prices on September 12, with notable increases in several companies' shares [1] Group 1: Stock Performance - Jin Xin Nuo (金信诺) saw its stock price rise over 13%, reaching 16.36 [2] - Bei Fang Chang Long (北方长龙) increased by more than 13%, with a price of 137.02 [2] - Hua Feng Technology (华丰科技) rose over 8%, reaching 89.01 [2] - Chang Cheng Jun Gong (长城军工) experienced a rise of 7.92%, with a stock price of 50.85 [2] - Jie Qiang Equipment (捷强装备) increased by 6.17%, reaching 47.00 [2]

Core Viewpoint - Changcheng Military Industry's stock price has shown significant volatility, with a year-to-date increase of 308.84% but a recent decline of 10.21% over the last five trading days [1] Financial Performance - For the first half of 2025, Changcheng Military Industry reported revenue of 699 million yuan, representing a year-on-year growth of 29.55% [2] - The company recorded a net profit attributable to shareholders of -27.4 million yuan, which is a year-on-year increase of 30.85% [2] Stock Market Activity - As of September 12, the stock price was 48.08 yuan per share, with a market capitalization of 34.82 billion yuan [1] - The stock has been on the "龙虎榜" (a list of stocks with significant trading activity) 16 times this year, with the latest appearance on September 8, where it saw a net buy of -168 million yuan [1] Shareholder Information - As of June 30, the number of shareholders increased by 136.48% to 144,700, while the average number of circulating shares per person decreased by 57.71% to 5,005 shares [2] - Major institutional shareholders include Guotai Junan's military ETF and Southern's 1000 ETF, both of which increased their holdings [3]

Group 1 - The core viewpoint of the news is the significant increase in the stock price of Changcheng Military Industry, which rose by 5.07% to 49.51 yuan per share, with a trading volume of 1.892 billion yuan and a turnover rate of 5.46%, resulting in a total market capitalization of 35.857 billion yuan [1] - Changcheng Military Industry, established on November 16, 2000, and listed on August 6, 2018, is primarily engaged in the research, production, and sales management of military and civilian products, with its main business revenue composition being 69.14% from equipment manufacturing, 28.60% from civilian products, and 2.25% from other sources [1] Group 2 - From the perspective of the top ten circulating shareholders of Changcheng Military Industry, Guotai Fund's Guotai Zhongzheng Military Industry ETF (512660) increased its holdings by 645,700 shares in the second quarter, bringing its total holdings to 4.1832 million shares, which accounts for 0.58% of the circulating shares [2] - The Guotai Zhongzheng Military Industry ETF (512660), established on July 26, 2016, has a latest scale of 15.601 billion yuan, with a year-to-date return of 15.38%, ranking 3235 out of 4222 in its category, and a one-year return of 47.56%, ranking 2138 out of 3800 [2] Group 3 - The fund manager of Guotai Zhongzheng Military Industry ETF (512660) is Ai Xiaojun, who has a cumulative tenure of 11 years and 246 days, managing a total fund asset size of 141.859 billion yuan, with the best fund return during his tenure being 220.41% and the worst being -46.54% [3]

Market Performance - The ground armament sector increased by 1.77% on September 11, with North China Long Dragon leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Individual Stock Performance - North China Long Dragon (301357) closed at 120.74, up 5.66% with a trading volume of 85,400 shares [1] - Guokai Military Industry (688543) closed at 48.80, up 3.21% with a trading volume of 39,800 shares [1] - Optoelectronic Co. (600184) closed at 18.43, up 2.33% with a trading volume of 113,700 shares [1] - Other notable stocks include Gan Hua Science and Technology (000576) at 11.07 (+1.93%), Great Wall Military Industry (601606) at 47.12 (+1.84%), and Inner Mongolia Machinery (600967) at 19.19 (+1.80%) [1] Capital Flow Analysis - The ground armament sector experienced a net outflow of 18.82 million yuan from institutional investors and 117 million yuan from speculative investors, while retail investors saw a net inflow of 136 million yuan [1] - The detailed capital flow for individual stocks shows that Zhongbing Hongjian (000519) had a net inflow of 38.24 million yuan from institutional investors, while North China Long Dragon (301357) had a net inflow of 29.78 million yuan [2] - Other stocks like Guokai Military Industry (688543) and Optoelectronic Co. (600184) also saw varying levels of net inflow and outflow from different investor categories [2]

Market Overview - The ground equipment sector experienced a slight decline of 0.06% on September 10, with Changcheng Military Industry leading the drop [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Individual Stock Performance - ST Emergency (300527) saw a closing price of 8.79, with an increase of 3.29% and a trading volume of 369,100 shares, totaling a transaction value of 322 million yuan [1] - Changcheng Military Industry (601606) closed at 46.27, down 2.36%, with a trading volume of 512,400 shares and a transaction value of 2.388 billion yuan [2] - The highest gainers included ST Emergency and Jiekang Equipment (300875), which closed at 43.70 with a 1.65% increase [1][2] Capital Flow Analysis - The ground equipment sector saw a net outflow of 364 million yuan from institutional investors, while retail investors contributed a net inflow of 458 million yuan [2] - The capital flow data indicates that ST Emergency had a net outflow of 22.25 million yuan from institutional investors, while retail investors contributed a net inflow of 10.04 million yuan [3] Summary of Key Stocks - North Navigation (600435) had a slight increase of 1.02%, closing at 13.83 with a transaction value of 429 million yuan [1] - The stock with the largest net outflow from institutional investors was Changcheng Military Industry, with a net outflow of 22.25 million yuan [3] - The overall performance of the ground equipment sector reflects mixed investor sentiment, with significant retail inflows countering institutional outflows [2][3]

Core Viewpoint - The divergence between top-tier capital players, with significant buying and selling activities, serves as an important indicator for the market trend in the second half of the year [1] Group 1: Capital Movements - Institutions and retail investors have reached a rare consensus in three key sectors: 1. Robotics industry chain: Retail investor "Little Crocodile" purchased 236 million in Sanhua Intelligent Control, while institutions net bought 93.46 million in Sanqi Interactive Entertainment, driven by the countdown to Tesla's Optimus robot mass production and the IPO catalyst of Yushu Technology, with core component orders visibility extending to Q1 2026 [3] 2. Semiconductor domestic substitution: Shannon Chip Creation saw a combined purchase of 318 million from institutions and retail investors, driven by Samsung and SK Hynix extending DDR4 production plans to 2026, leading to a sustained supply-demand gap in memory chips [3] 3. Game AI applications: Sanqi Interactive Entertainment received 129 million from Shandong investors, with institutions also buying 93.46 million, due to AI-generated content accounting for over 70%, resulting in a 31% year-on-year increase in net profit for Q2 [3] Group 2: Warning Signals - Two major sectors faced collective sell-offs: 1. Military industry: Great Wall Military was sold off by "New Trader" for 286 million and T Wang for 108 million, despite a 109 million net buy from the Shanghai-Hong Kong Stock Connect, indicating a strong internal capital exit due to over 30% delay in Q3 military product deliveries, leading to a sharp decline in performance certainty [4] 2. High-level new energy sector: Duofu Du, despite hitting the limit up, faced institutional sell-offs of 62.44 million, while Wenzhou investors sold 72.39 million in Tianci Materials, reflecting a consensus on deteriorating supply-demand conditions for lithium battery materials, with weak rebound in lithium carbonate prices being a significant issue [4] Group 3: Top-tier Capital Tactics - Analysis of top-tier capital strategies: 1. "Little Crocodile" (Sanhua Intelligent Control 236 million): Betting on the technical barriers of humanoid robot actuators, with Sanhua as a core supplier for Tesla, potentially contributing 25% of revenue from robot business by 2030 [5] 2. "New Trader" (Great Wall Military -286 million): The sell-off was due to delayed military orders and overvaluation, with the stock appearing on the leaderboard 9 times in 30 days, indicating liquidity traps [6] 3. Shandong investors (Sanqi Interactive Entertainment 129 million): Betting on the release of game licenses and AI cost reduction, with 166 domestic games approved in August, marking a new high for the year [6] Group 4: Mid-to-Long Term Strategies - Focus on three areas of certainty: 1. Prioritize order visibility: Select targets in the robotics industry chain (Sanhua Intelligent Control) and semiconductor equipment (Zhejiang Haideman) with order schedules extending to 2026 [7] 2. Avoid performance risk zones: Steer clear of military (delivery delays) and lithium battery (pressured lithium carbonate prices) sectors facing downward performance revisions [8] 3. Leverage foreign capital: Follow the Shanghai-Hong Kong Stock Connect's net buy of 109 million in Great Wall Military and the Shenzhen-Hong Kong Stock Connect's increase in Sanwei Communication by 170 million, as foreign capital buying against the trend often signals left-side opportunities [8] Conclusion - The key takeaway from the current market dynamics is the shift of capital from "story speculation" to "order fulfillment," with the robotics, semiconductor, and game AI sectors being recognized by both institutions and retail investors for their performance visibility [9]

Core Viewpoint - Longcheng Military Industry (601606) experienced a significant decline of 9.92% in its stock price, with a trading volume of 4.999 billion yuan and a turnover rate of 13.93% on the day of the report [2]. Trading Activity - The stock was listed on the Shanghai Stock Exchange's daily limit deviation list due to a deviation of -10.29% [2]. - The net buying from the Shanghai-Hong Kong Stock Connect was 109 million yuan, while the total net selling from brokerage seats amounted to 277 million yuan [2]. - The top five brokerage seats accounted for a total transaction volume of 905 million yuan, with buying transactions at 368 million yuan and selling transactions at 537 million yuan, resulting in a net selling of 168 million yuan [2]. Historical Performance - Over the past six months, the stock has appeared on the daily limit list 17 times, with an average price increase of 1.56% the day after being listed and an average increase of 15.39% over the following five days [2]. Capital Flow - The stock saw a net outflow of 93.5655 million yuan in principal funds, with a significant outflow of 20.1759 million yuan from large orders and 73.3896 million yuan from major orders [2]. - In the last five days, the total net outflow of principal funds reached 1.46 billion yuan [2]. Financing and Profitability - As of September 5, the stock's margin trading balance was 833 million yuan, with a financing balance of 824 million yuan and a margin balance of 824.13 million yuan [3]. - In the last five days, the financing balance increased by 60.9927 million yuan, representing a growth of 7.99%, while the margin balance decreased by 95.83 million yuan, a decline of 10.42% [3]. - The company reported a revenue of 699 million yuan for the first half of the year, reflecting a year-on-year growth of 29.55%, but incurred a net loss of 27.4009 million yuan [3].

Group 1 - The stock of Great Wall Military Industry fell by 9.92% today [1] - The trading volume reached 4.999 billion yuan, with a turnover rate of 13.93% [1] - The post-market data shows that the Shanghai Stock Connect special seat bought 1.09 billion yuan [1] - The trading seat "Shou Shou Xin Yi" had a net sell of 2.86 billion yuan [1]