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]

截至5月12日收盘，中船系概念上涨6.55%，位居概念板块涨幅第1，板块内，11股上涨，昆船智能20% 涨停，中国船舶、中国重工、久之洋等涨幅居前，分别上涨9.54%、7.62%、6.28%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 中船系 | 6.55 | 重组蛋白 | -0.94 | | 成飞概念 | 5.77 | 代糖概念 | -0.82 | | 军工信息化 | 4.28 | 转基因 | -0.77 | | 同花顺果指数 | 4.17 | 创新药 | -0.60 | | 国产航母 | 3.73 | 粮食概念 | -0.60 | | 军民融合 | 3.69 | 玉米 | -0.59 | | 航空发动机 | 3.42 | 大豆 | -0.45 | | 人形机器人 | 3.20 | 农业种植 | -0.31 | | 减速器 | 3.20 | 生物质能发电 | -0.28 | | 军工 | 3.15 | 减肥药 | -0.24 | 资金面上看，今日中船系概念板块获主力资金净流入11.69亿元，其中，9股 ...

截至5月12日收盘，国产航母概念上涨3.73%，位居概念板块涨幅第5，板块内，35股上涨，光电股份涨 停，中国船舶、中国重工、四创电子等涨幅居前，分别上涨9.54%、7.62%、6.29%。跌幅居前的有ST瑞 科、南山控股等，分别下跌0.90%、0.40%。 份 资金流入比率方面，中国船舶、中航光电、中国重工等流入比率居前，主力资金净流入率分别为 12.95%、8.83%、8.42%。（数据宝） 国产航母概念资金流入榜 | 代码 | 简称 | 今日涨跌幅 | 今日换手率 | 主力资金流量（万 | 主力资金净流入比率 | | --- | --- | --- | --- | --- | --- | | | | （%） | （%） | 元） | （%） | | 600150 | 中国船 舶 | 9.54 | 3.86 | 72664.92 | 12.95 | | 601989 | 中国重 工 | 7.62 | 2.34 | 20688.54 | 8.42 | | 002179 | 中航光 电 | 3.40 | 2.26 | 17589.78 | 8.83 | | 600893 | 航发动 力 | 4.97 | 2. ...

Group 1 - The Shanghai Composite Index opened high and the CSI 300 Machinery Manufacturing Index reported 5990.16 points [1] - The CSI 300 Machinery Manufacturing Index has increased by 4.51% in the past month, 2.70% in the past three months, and 4.12% year-to-date [2] - The CSI 300 Index categorizes its 300 sample stocks into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries [2] Group 2 - The top ten weights in the CSI 300 Machinery Manufacturing Index are: Huichuan Technology (18.27%), Sany Heavy Industry (14.28%), CRRC Corporation (10.71%), Weichai Power (9.94%), XCMG (9.0%), China Shipbuilding (8.24%), China Heavy Industry (6.03%), Hengli Hydraulic (4.98%), Zoomlion (4.63%), and Yutong Bus (4.29%) [2] - The market segments of the CSI 300 Machinery Manufacturing Index are composed of 54.62% from the Shanghai Stock Exchange and 45.38% from the Shenzhen Stock Exchange [2] Group 3 - The industry composition of the CSI 300 Machinery Manufacturing Index includes: Engineering Machinery (27.91%), Electric Motors and Industrial Control Automation (18.27%), Shipbuilding and Other Marine Equipment (17.25%), Commercial Vehicles (15.10%), Urban Rail and Railways (13.81%), Fluid Machinery (4.98%), and Other Specialized Machinery (2.68%) [3] - The index sample is adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December each year [3] - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in response to changes in the CSI 300 Index samples [3]

Core Viewpoint - The military industry sector is experiencing significant growth, with multiple stocks hitting the daily limit and related ETFs showing strong performance, indicating a bullish sentiment in the market [1][3]. ETF Market Performance - Military-related ETFs, including the Military Leader ETF (512710), have seen substantial gains, with six ETFs rising over 4% in half a day [1][2]. - The Military ETF (512660) recorded a half-day trading volume of 1.548 billion yuan, highlighting its active trading status [1][8]. ETF Share Growth - In less than two months, the Military Leader ETF (512710) and Military ETF (512660) have increased their shares by over 2 billion [3]. - The current technological revolution and industrial transformation are driving demand for advanced military technologies, with a focus on smart technologies, unmanned equipment, and big data applications [3]. Index and ETF Details - The Military Leader ETF (512710) has a scale of 12.902 billion shares and a half-day trading amount of 1.163 billion yuan, tracking the CSI Military Leader Index, which selects 30 leading military companies [4]. - The National Defense ETF (512670) has a scale of 5.278 billion shares and a half-day trading amount of 444 million yuan, tracking the CSI National Defense Index, which includes up to 50 stocks from major military groups [6]. Key Weight Stocks - The top-weighted stocks in the CSI Military Leader Index include: - AVIC Optical (002179) - 9.72% - AVIC Shenyang Aircraft (600760) - 9.53% - Aero Engine Corporation of China (600893) - 8.53% [5]. - The top-weighted stocks in the CSI National Defense Index include: - AVIC Optical (002179) - 6.93% - AVIC Shenyang Aircraft (600760) - 6.79% - Aero Engine Corporation of China (600893) - 6.08% [7].