证券代码：601890 证券简称：亚星锚链 公告编号：临 2025-027 江苏亚星锚链股份有限公司 关于为全资子公司提供担保进展公告 本公司及董事会全体成员保证公告内容不存在虚假记录，误导性陈述或者重 大遗漏，并对内容的真实、准确和完整承担个别及连带责任。 重要内容提示： 被担保人名称：江苏亚星锚链股份有限公司（以下简称"亚星锚链"或"公司"） 的全资子公司亚星（香港）国际有限公司（以下简称"亚星国际"），本次担保 不存在关联担保。 担保金额：1,000 万元，截至 2025 年 6 月 27 日,担保实际发生借款 1,000 万元 实际已经提供的担保金额：截至本公告发布日，公司累计为亚星国际已实际提 供的担保余额（含本次）为 10,230 万元人民币。 本次担保是否有反担保：无。 对外担保逾期的累计金额：不存在逾期情况。 一、担保情况概述 （一）担保的基本情况 近日，江苏亚星锚链股份有限公司与交通银行股份有限公司泰州分行签订 《存单质押合同》、《保证合同》，为公司全资子公司亚星（香港）国际有限公 司在该行申请 1000 万元融资提供质押担保，担保期限为 2025 年 6 月 27 日起至 2027 年 6 ...

证券代码：601890 证券简称：亚星锚链 公告编号：临 2025-028 江苏亚星锚链股份有限公司 关于使用自有资金购买理财产品的公告 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 或重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示: 江苏亚星锚链股份有限公司（以下简称"公司"）于2025年4月25日召开第 六届董事会第六次会议审议通过了《关于使用公司自有资金购买理财产品的议 案》，并经过2025年5月22日召开的公司2024年年度股东大会审议通过，同意公 司使用不超过16亿元自有资金购买理财产品，在上述额度内资金可以滚动使用。 具体内容详见公司于2025年4月29日刊登在《中国证券报》、《上海证券报》及 上海证券交易所网站（www.sse.com.cn）的《关于使用公司自有资金购买理财产 品的公告》。 一、本次委托理财概况 (一)委托理财目的 在保证公司正常经营所需流动资金的情况下，为提高资金利用效率，创造更 大的经济效益，公司拟用闲置自有资金购买理财产品。 (二)资金来源的一般情况 公司进行委托理财所使用的资金为公司暂时闲置的自有资金。 (三)委托理财 ...

Investment Rating - The report rates the defense and military industry as "Outperforming the Market" [2] Core Views - The global geopolitical situation remains tense, with ongoing conflicts such as the Russia-Ukraine war and rising risks in the Middle East, leading to an intensified arms race and increased focus on military construction [4][38] - The defense industry is expected to see a recovery in demand as the "14th Five-Year Plan" approaches its final year, with long-term growth certainty supported by clear development goals for 2035 and 2050 [4] - The upcoming military parade on September 3 will showcase both traditional main battle equipment and new combat forces, highlighting advancements in military capabilities [3][40] Summary by Sections Market Review - The defense and military index rose by 6.90% last week, outperforming major indices such as the Shanghai Composite and Shenzhen Component [12] - The current PE (TTM) for the defense and military sector is 79.92 times, with sub-sectors showing varied valuations: aerospace equipment at 143.52 times, aviation equipment at 69.14 times, ground weapons at 174.36 times, naval equipment at 50.76 times, and military electronics at 102.36 times [20][21] Key Recommendations - Recommended companies include: 1. Downstream manufacturers: Hongdu Aviation, AVIC Shenyang Aircraft, AVIC Xi'an Aircraft, and AVIC Helicopter [4] 2. Military new technologies: Lianchuang Optoelectronics, Guangqi Technology, and Zhongjian Technology [4] 3. Underwater equipment: Hailanxin, Yaxing Anchor Chain, and Zhongke Haixun [4] 4. Missile industry chain: Feilihua, Guoke Military Industry, and Zhongbing Hongjian [4] 5. Military titanium materials: Western Superconducting [4] 6. Electronic components: Hongyuan Electronics and Aerospace Electronics [4] 7. Military trade direction: Zhongwu Drone [4] Industry Dynamics - Recent policies related to deep-sea technology indicate significant development potential, particularly for specialized equipment like UUVs, supported by top-level planning [3] - The military trade market is expanding, with recent announcements of procurement from Pakistan for Chinese fighter jets, indicating a growing opportunity in military exports [39]

Group 1 - The ocean economy is a significant driver of GDP growth, with the national marine production value expected to exceed 10 trillion yuan in 2024, accounting for 7.8% of the GDP, and contributing 11.5% to economic growth [1][8] - The government has highlighted "deep-sea technology" in its reports, indicating its importance alongside commercial aerospace and low-altitude economy, suggesting a rapid development potential in deep-sea equipment and exploration [1][8] - The deep-sea technology sector is identified as a key pillar for building a maritime power, encompassing three main areas: deep-sea materials, deep-sea equipment manufacturing, and deep-sea digital applications [3][17] Group 2 - Various provinces and cities are accelerating the development of marine economy, with policies focusing on high-end, intelligent, and green development, and establishing multi-level industrial systems [2][13] - Shanghai's marine industry development plan (2025-2035) proposes a "3+5+X" industrial system, while Guangdong's regulations emphasize support for eight emerging marine industry clusters [2][14] - The deep-sea materials sector is crucial for deep-sea technology, involving structural and buoyancy materials necessary for the development of marine resources, with a focus on high-performance steel, alloy materials, and composite materials [3][21] Group 3 - The deep-sea equipment sector is essential for supporting deep-sea development, facing challenges from complex underwater environments, with significant growth in China's shipbuilding industry, which saw a 13.8% increase in completed shipbuilding volume in 2024 [4][26] - The deep-sea digitalization and intelligence sector is a vital direction for deep-sea technology development, aiming to create a "digital ocean" that enhances marine decision-making and governance through advanced information technologies [5][17] - The report suggests focusing on marine engineering equipment manufacturing, marine equipment components, and marine observation instruments as key areas for investment [4][26]

Group 1 - The stock price of Yaxing Anchor Chain (601890) closed at 9.79 yuan as of June 27, 2025, an increase of 8.9% from the previous week [1] - The company's total market capitalization is 9.393 billion yuan, ranking 7th in the marine equipment sector and 1714th in the A-share market [1] - The highest intraday price reached 10.56 yuan on June 26, 2025, while the lowest was 8.82 yuan on June 24, 2025 [1] Group 2 - Yaxing Anchor Chain provided a guarantee of 28 million yuan for its wholly-owned subsidiary, Yaxing (Hong Kong) International Co., Ltd [2] - As of June 24, 2025, the actual borrowing amount was 27.8 million yuan, with a cumulative guarantee balance of 92.3 million yuan provided to Yaxing International [2] - The company signed a pledge guarantee contract with Ping An Bank for financing of 28 million yuan, with a guarantee period from June 24, 2025, to June 23, 2027 [2] Group 3 - Yaxing International was established on December 6, 2023, with a registered capital of 2 million USD, primarily engaged in the trade of mooring chain products and related services [2] - Financial data for Yaxing International shows total assets of 79.9793 million yuan and net profit of 5.9823 million yuan for the year ending December 31, 2024 [2] - As of the announcement date, the total guarantee balance provided by the company and its subsidiaries is 92.3 million yuan, accounting for 2.55% of the audited net assets as of the end of 2024 [2]

Core Viewpoint - The domestic aircraft carrier concept sector has shown a significant increase, with a rise of 2.19%, ranking third among concept sectors, indicating strong market interest and potential investment opportunities in this area [1]. Market Performance - As of June 26, the domestic aircraft carrier concept saw 25 stocks increase, with notable performers including Huachuang Technology and Guorui Technology, both reaching a 20% limit up. Other top gainers included Beifang Navigation, Yaxing Anchor Chain, and Optoelectronics, with increases of 5.31%, 3.93%, and 3.74% respectively [1]. - Conversely, stocks such as Yinbang Shares, Jinxin Nuo, and China Power experienced declines of 2.23%, 1.52%, and 0.83% respectively [1]. Capital Flow - The domestic aircraft carrier concept sector experienced a net outflow of 517 million yuan from main funds, with 20 stocks receiving net inflows. Seven stocks saw net inflows exceeding 30 million yuan, led by Yaxing Anchor Chain with a net inflow of 138 million yuan [1]. - Other significant net inflows were observed in China Shipbuilding, Huachuang Technology, and Guorui Technology, with net inflows of 106 million yuan, 62.42 million yuan, and 43.36 million yuan respectively [1]. Capital Inflow Ratios - The top stocks by capital inflow ratio included Guorui Technology, CITIC Heavy Industries, and Huachuang Technology, with net inflow ratios of 13.61%, 12.02%, and 7.46% respectively [2]. - Yaxing Anchor Chain led the domestic aircraft carrier concept with a daily increase of 5.31% and a turnover rate of 21.56%, alongside a main fund flow of 137.66 million yuan [2]. Additional Stock Performance - Other notable stocks in the sector included China Shipbuilding with a slight increase of 0.57% and a turnover rate of 1.57%, and Huachuang Technology with a significant rise of 19.99% and a turnover rate of 9.95% [3]. - Stocks such as China Satellite and Zhenxin Technology also showed positive performance with increases of 1.46% and 2.16% respectively [3].

Group 1 - The marine economy concept has gained momentum, with significant stock price increases for companies such as Zhongke Haixun (over 12% rise) and Jianglong Shipbuilding (over 10% rise) [1] - The Shanghai Municipal Oceanic Administration has released a draft for the "Shanghai Marine Industry Development Plan (2025-2035)", focusing on developing a matrix of marine intelligent equipment products [1] - The draft emphasizes the development of marine intelligent robots, including new types of underwater robots and autonomous docking systems, as well as advancements in deep-sea submersibles and high-end equipment [1] Group 2 - According to Guojin Securities, the total marine economy in China is expected to reach 10.5 trillion yuan in 2024, with a year-on-year growth of 5.9%, accounting for 7.8% of GDP [2] - The added value of the marine manufacturing industry is projected to be 3.2 trillion yuan, representing over 30% of the marine production value, highlighting its stabilizing role [2] - Recent government policies have been introduced to encourage the marine manufacturing sector, including support for deep-sea technology and new marine equipment [2] - Significant technological breakthroughs in marine equipment are anticipated in 2024, including the commissioning of the first domestically designed deep-sea drilling vessel "Dream" and the completion of sea trials for the deep-sea heavy-duty mining vehicle "Explorer II" [2]

证券代码：601890 证券简称：亚星锚链 公告编号：临 2025-026 江苏亚星锚链股份有限公司 关于为全资子公司提供担保进展公告 本公司及董事会全体成员保证公告内容不存在虚假记录，误导性陈述或者重 大遗漏，并对内容的真实、准确和完整承担个别及连带责任。 重要内容提示： 被担保人名称：江苏亚星锚链股份有限公司（以下简称"亚星锚链"或"公司"） 的全资子公司亚星（香港）国际有限公司（以下简称"亚星国际"），本次担保 不存在关联担保。 担保金额：本次质押担保 2,800 万元，截至 2025 年 6 月 24 日,担保实际发生 借款 2,780 万元 实际已经提供的担保金额：截至本公告发布日，公司累计为亚星国际已实际提 供的担保余额（含本次）为 9,230 万元人民币。 本次担保是否有反担保：无。 对外担保逾期的累计金额：不存在逾期情况。 一、担保情况概述 （一）担保的基本情况 近日，江苏亚星锚链股份有限公司与平安银行股份有限公司上海自贸试验区 分行签订《质押担保合同》，为公司全资子公司亚星（香港）国际有限公司在该 行申请 2,800 万元融资提供质押担保，担保期限为 2025 年 6 月 24 日起至 20 ...

Investment Rating - The report maintains a positive outlook on the defense and military industry, particularly in light of the current global geopolitical tensions, indicating a favorable investment opportunity in this sector [3][36]. Core Insights - The defense and military sector is expected to benefit from the recovery of demand and the elimination of previous disruptions, with a long-term growth certainty supported by national defense modernization goals set for 2035 and 2050 [5][38]. - The report highlights the increasing importance of drone technology in modern warfare, emphasizing its cost-effectiveness and operational advantages [4][36]. - The low-altitude economy is identified as a burgeoning sector, with significant policy support and commercial opportunities emerging [4][35]. Summary by Sections Market Review - The defense and military index fell by 2.01% last week, ranking 17th among 31 sectors, with a current PE(TTM) of 74.63 times [3][20]. - The sub-sectors show varying PE ratios, with aerospace equipment at 134.59 times and ground weaponry at 148.10 times [20]. Key Recommendations - Focus on companies with strong demand and product depth in the downstream manufacturing sector, such as Hongdu Aviation, AVIC Shenyang Aircraft, and AVIC Xi'an Aircraft [5][40]. - Highlight new technology firms in the military sector, including Lianchuang Optoelectronics and Guangqi Technology [5][40]. - Emphasize underwater equipment companies like Hailanxin and Yaxing Anchor Chain [5][41]. - Recommend missile industry chain companies such as Feilihua and Guokexun [5][42]. - Suggest companies involved in military-grade titanium materials and electronic components, including Western Superconducting and Hongyuan Electronics [5][43][44]. Industry Dynamics - The report notes that geopolitical tensions, particularly in the Middle East, are driving interest in military investments [3][36]. - The low-altitude economy is highlighted as a significant growth area, with various local governments implementing supportive measures to foster development [31][35].

证券代码：601890 证券简称：亚星锚链 公告编号：临 2025-025 江苏亚星锚链股份有限公司 2024年年度权益分派实施公告 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。 重要内容提示： 每股分配比例 A 股每股现金红利0.10元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/19 | － | 2025/6/20 | 2025/6/20 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 5 月 22 日的2024年年度股东会审议通过。 四、 分配实施办法 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本959,400,000股为基数，每股派发现金红利0.10 元（ ...