Core Viewpoint - The company will hold a collective performance briefing for 2024 annual results and 2025 Q1 results on May 20, 2025, to enhance communication with investors and improve market recognition and value realization [2][3]. Group 1: Event Details - The performance briefing is scheduled for May 20, 2025, from 14:30 to 17:30 [2][3]. - The event will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted through on-site communication, video live streaming, and online text interaction [2][3]. - Investors can submit questions via the company's public email by May 19, 2025, for discussion during the briefing [2][4]. Group 2: Participants - Key attendees include the company's Chairman Wang Yongli, Vice General Manager and CFO Yao Zuhui, Independent Director Leng Jianxing, and Board Secretary Guan Hong [3]. Group 3: Investor Participation - Investors can watch the live stream of the performance briefing on the Shanghai Stock Exchange Roadshow Center website and engage in text interaction during a designated time [4]. - The company will respond to commonly asked questions within the limits of information disclosure during the event [4]. Group 4: Contact Information - The contact department for inquiries is the Board Office, reachable at phone number 010-88010555 and email csicl601989@163.com [5].

Core Viewpoint - China Shipbuilding Industry Co., Ltd. (China Shipbuilding) and China Shipbuilding Industry Corporation (China Shipbuilding Heavy Industry) have announced a major asset restructuring plan, with the Shanghai Stock Exchange accepting the application for the issuance of shares to acquire assets [1][3]. Group 1: Transaction Details - China Shipbuilding plans to issue A-shares to all shareholders of China Shipbuilding Heavy Industry in a stock swap merger, with China Shipbuilding as the acquirer and China Shipbuilding Heavy Industry as the target [3]. - The transaction requires approval from the Shanghai Stock Exchange and registration with the China Securities Regulatory Commission, along with any other necessary legal approvals [3]. - The proposed transaction amount is 115.15 billion yuan, marking the largest absorption merger in the A-share market in the past decade [3]. Group 2: Business Overlap and Competition - Both companies operate in overlapping business areas, leading to significant competition in the shipbuilding sector [4]. - The merger aims to eliminate this competition, allowing China Shipbuilding to consolidate its position in the shipbuilding industry [4]. - Post-merger, the surviving company is expected to become the world's largest publicly listed shipbuilding company in terms of asset scale, revenue, and order backlog [4]. Group 3: Financial Performance - In 2024, China Shipbuilding reported revenues of 78.58 billion yuan and a net profit attributable to shareholders of 3.61 billion yuan, while China Shipbuilding Heavy Industry reported revenues of 55.44 billion yuan and a net profit of 1.31 billion yuan [5]. - As of the end of March 2024, total assets for China Shipbuilding and China Shipbuilding Heavy Industry were 181.24 billion yuan and 225.15 billion yuan, respectively [5].

截至5月13日收盘，国产航母概念下跌2.37%，位居概念板块跌幅榜前列，板块内，四创电子、光电股 份、中国船舶等跌幅居前，股价上涨的有2只，涨幅居前的有南山控股、ST瑞科等，分别上涨2.02%、 0.23%。 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600150 | 中国船舶 | -4.45 | 2.42 | -47941.95 | | 300065 | 海兰信 | -3.08 | 13.16 | -17138.01 | | 000768 | 中航西飞 | -2.11 | 1.81 | -16898.61 | | 600893 | 航发动力 | -3.18 | 1.22 | -15080.38 | | 601989 | 中国重工 | -3.86 | 1.26 | -14493.55 | | 601890 | 亚星锚链 | -3.32 | 6.90 | -11752.61 | | 002179 | 中航光 ...

| 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 中韩自贸区 | 3.03 | 中船系 | -3.40 | | 航运概念 | 2.51 | 国产航母 | -2.37 | | 硅能源 | 2.30 | 军工信息化 | -2.16 | | 环氧丙烷 | 1.95 | 太赫兹 | -2.14 | | 阿尔茨海默概念 | 1.74 | 军民融合 | -1.99 | | HJT电池 | 1.61 | 航空发动机 | -1.85 | | 钙钛矿电池 | 1.58 | 商业航天 | -1.76 | | TOPCON电池 | 1.50 | 卫星导航 | -1.75 | | BC电池 | 1.27 | 大飞机 | -1.74 | | 基因测序 | 1.23 | 兵装重组概念 | -1.59 | 资金面上看，今日中船系概念板块获主力资金净流出8.90亿元，其中，10股获主力资金净流出，7股主 力资金净流出超3000万元，净流出资金居首的是中国船舶，今日主力资金净流出4.79亿元，净流出资金 居前的还有中国重工、中船防务、中国海防等，主力资金分别净流出1.4 ...

2025 年第一季度业绩说明会的公告 本公司董事会及全体董事保证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： 证券代码：601989 证券简称：中国重工 公告编号：临 2025-027 中国船舶重工股份有限公司关于 参加中船集团控股上市公司 2024 年度集体业绩说明会暨 问题征集：投资者可于 2025 年 5 月 19 日（星期一）下午 16:00 前通过 公司公开邮箱 csicl601989@163.com 进行会前提问。公司将在本次业绩说明会上 对投资者普遍关注的问题进行回复。 中国船舶重工股份有限公司（以下简称"公司"）已于2025年4月30日披露 2024年年度报告及2025年第一季度报告。为便于广大投资者更全面深入地了解公 司2024年及2025年第一季度的生产经营和改革发展情况，根据中国船舶集团有限 公司（以下简称"中船集团"）统一安排，公司将与其控股的其他11家上市公司 共同参加中船集团控股上市公司2024年度集体业绩说明会暨2025年第一季度业 绩说明会（以下简称"本次业绩说明会"）。现详细公告如下： 一、说明会类型 ...

中国船舶重工股份有限公司 2024 年年度股东会 中国船舶重工股份有限公司 2024 年年度股东会 会议资料 二〇二五年五月 目 录 中国船舶重工股份有限公司 2024 年年度股东会 中国船舶重工股份有限公司 一、会议基本情况 网络投票起止时间：采用上海证券交易所网络投票系统，通过交 易系统投票平台的投票时间为股东会召开当日的交易时间段，即 时间为股东会召开当日的 9:15-15:00 二、现场会议议程安排 （一）现场会议签到、股东登记 （二）主持人宣布现场会议开始 （三）主持人提议监票人、计票人与记录人 （四）公司董事会秘书宣读本次股东会表决规则 （五）宣读并审议会议议案、填写表决票 （六）投票、计票和监票 （七）计票人宣读现场会议表决结果 （八）董事、监事、记录人签署本次股东会会议决议、记录 （九）董事、监事、高级管理人员回答投资者提问 （十）会议结束 中国船舶重工股份有限公司 2024 年年度股东会 议案一 关于《中国船舶重工股份有限公司 2024 年度董事 会工作报告》的议案 各位股东及股东代表： 根据《中华人民共和国公司法》《中华人民共和国证券法》以及 《公司章程》的规定，中国船舶重工股份有限公司（ ...

中国船舶重工股份有限公司 2024 年年度股东会 2024 年年度股东会 会议资料 二〇二五年五月 0 中国船舶重工股份有限公司 2024 年年度股东会 中国船舶重工股份有限公司 2024 年年度股东会议程 一、会议基本情况 1.会议召集人：公司董事会 2.现场会议召开时间：2025 年 5 月 28 日 10：00 3.会议方式：现场表决与网络投票相结合方式 网络投票起止时间：采用上海证券交易所网络投票系统，通过交 易系统投票平台的投票时间为股东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联网投票平台的投票 时间为股东会召开当日的 9:15-15:00 目 录 | | 中国船舶重工股份有限公司 2024 | 年年度股东会议程 2 | | --- | --- | --- | | 议案一 | 关于《中国船舶重工股份有限公司 | 2024 年度董事会工作报告》的议案 3 | | 议案二 | 关于《中国船舶重工股份有限公司 | 2024 年度监事会工作报告》的议案 13 | | 议案三 | 关于《中国船舶重工股份有限公司 | 2024 年年度报告》及摘要的议案 ...

Core Viewpoint - The military industry sector in A-shares has seen a significant increase in attention and investment, with a notable rise in stock prices driven by market sentiment and geopolitical factors, despite underlying performance challenges in the first quarter of 2024 [1][2][4]. Group 1: Market Performance - The military ETF recorded a cumulative increase of 4.91% last week, with a further rise of 4.68% on May 12, 2024, indicating strong market interest [1]. - The defense and military index has seen a cumulative increase of 13.42% since May, ranking among the top three sectors in terms of growth [4]. - Key stocks such as AVIC Chengfei (中航成飞) and Morningstar Aviation (晨曦航空) experienced significant price surges, with some stocks hitting the daily limit up [1][4]. Group 2: Financial Performance - In Q1 2024, the military sector's total revenue was 1,067.53 billion yuan, a decrease of 3.15% year-on-year, while net profit fell by 4.40% to 56.14 billion yuan [4][5]. - The overall profitability of the military sector remains at a low point compared to previous cycles, with many companies experiencing a decline in net profit despite some revenue recovery [2][4]. - Among 40 leading companies, the average revenue growth rate in Q1 was 15.14%, a recovery from the previous year's decline [5]. Group 3: Future Outlook - Companies in the military sector have set optimistic revenue targets for 2025, with expected growth rates for key players such as AVIC Xi'an (中航西飞) and AVIC High-Tech (中航高科) ranging from 2% to 14% [8]. - The contract liabilities of major manufacturers have increased, indicating a potential for revenue realization in the coming quarters [8]. - Despite a reduction in public fund allocations to the military sector over the past ten quarters, there is a belief that the sector's fundamentals will improve, leading to a potential recovery in valuations [9][10].

Group 1 - The military industry is currently in a short-term performance bottoming phase, with leading companies, especially main engine manufacturers, showing a significant recovery in revenue year-on-year in Q1, although net profits remain under pressure [1][2] - The capital market's interest in the military industry has increased significantly, with military ETFs showing a cumulative increase of 4.91% last week, driven by heightened market sentiment due to geopolitical tensions [1][3] - In Q1, the military sector's total revenue was 1,067.53 billion, a year-on-year decrease of 3.15%, while net profit was 56.14 billion, down 4.40% [3][4] Group 2 - Among 40 leading companies in the military sector, all achieved positive revenue growth in Q1, with 14 companies experiencing double-digit growth, contrasting with 22 companies that saw revenue declines in the same period last year [4][5] - The average net profit growth rate for these 40 companies was -35.57%, indicating a significant decline in profitability compared to the previous year [4][5] - Some companies, such as Aviation Power and Aerospace Rainbow, reported net profit declines exceeding 70%, highlighting the challenges faced by the industry [5][6] Group 3 - Long-term profitability in the military sector is currently below the previous cycle's starting point in 2019, and the potential for a performance turnaround is crucial for further valuation increases [6][8] - Several companies have disclosed ambitious revenue targets for 2025, indicating positive growth expectations within the aerospace and shipbuilding sectors [6][8] - Public funds have been reducing their allocation to the military sector for ten consecutive quarters, with military-themed fund sizes decreasing significantly since their peak in Q1 2021 [7][8] Group 4 - The military industry is expected to undergo a valuation restructuring, benefiting from improved asset quality and market conditions, with a more favorable outlook for the second half of the year compared to the first half [8]

Group 1: Military Industry - The military-related concepts experienced a significant surge, with the China Shipbuilding sector rising by 6.55%, Chengfei concept up by 5.77%, and military electronics increasing by 5.21% [2] - Individual stocks such as AVIC Chengfei (302132.SZ) hit a 20% limit up, marking a nearly 62% increase over the last four trading days [2] - The recent India-Pakistan conflict has positively impacted the reputation of China's military industry, leading to heightened investment sentiment [3] Group 2: Geopolitical Context - The frequency of geopolitical conflicts has increased, which may lead to a rise in demand for China's advanced weaponry in the global market [4] - The article from People's Daily titled "Accelerate the Liberation and Development of New Quality Combat Power" is expected to further enhance market attention towards the military sector [4] Group 3: Apple Supply Chain - The Apple supply chain stocks, including Lens Technology (300433.SZ) and Changying Precision (300115.SZ), also saw significant gains [5] - Apple announced price reductions for various iPhone models, which may stimulate consumer demand and positively affect the overall performance of the supply chain [5] - Recent developments in US-China trade relations, including a 90-day suspension of 24% tariffs, have provided additional support for Apple-related stocks [6] Group 4: Market Performance - The three major indices closed higher, with the Shanghai Composite Index rising by 0.82%, the Shenzhen Component Index up by 1.72%, and the ChiNext Index increasing by 2.63% [2] - The total trading volume in the Shanghai and Shenzhen markets reached approximately 1.31 trillion yuan [2]