Core Viewpoint - The commercial aerospace sector remains active, with multiple stocks experiencing significant movements, but many companies clarify that they do not engage in commercial aerospace-related businesses [1] Group 1: Companies Not Involved in Commercial Aerospace - Aerospace Engineering explicitly states it does not engage in commercial aerospace or related businesses, and its shareholder reduction plan is not yet fully implemented [2] - Northern Navigation confirms it has no relevant business in commercial aerospace and has not received related orders [2] - Star Ring Technology indicates it does not actually conduct commercial aerospace business and has no connection with Shanghai Star Ring Energy Technology Co., Ltd [2] - Aerospace Longfeng currently does not engage in brain-computer interface or commercial aerospace-related businesses [2] - Aerospace Power's main business does not involve commercial aerospace, focusing instead on processing rocket engine components [2] Group 2: Companies with Minimal Involvement in Commercial Aerospace - *ST Chengchang notes that the commercial aerospace industry is in its early stages, with no significant changes to the company's fundamentals [2] - XinKe Mobile reports that revenue from the satellite internet sector accounts for approximately 2% to 3% of total revenue, having no major impact on performance [2] - Huayin Technology primarily engages in the production and sales of special functional materials and is exploring aerospace component processing [2] - Aerospace Hongtu's main business is still in the satellite application phase [2] - ZhiMingDa has approximately 20 million yuan in embedded computing orders related to commercial aerospace, representing 4.8% of its total [2] Group 3: Companies with Limited Commercial Aerospace Revenue - Platinum Specialties indicates that commercial aerospace contributes minimally to total revenue [2] - Haoneng Co., Ltd. states that its aerospace component business, including valves and sheet metal products, generates very small revenue [2] - Zhongke Xingtou mentions that the stock price increase is not supported by actual performance in commercial aerospace, indicating a significant disconnect from fundamentals [2] - Aerospace Morning Light's main business involves special equipment and specialized vehicle modifications, with no expected major changes in revenue structure in the short term [2] - Electric Science Digital has not previously engaged in commercial aerospace, with satellite communication products accounting for less than 0.1% of overall business [2] - Zhongheng Design has won bids for some high-end manufacturing base design projects in commercial aerospace, but individual project contract amounts are small [2]

Core Viewpoint - The company has issued a risk warning regarding its involvement in the commercial aerospace sector, highlighting the limited impact of its projects on overall revenue [1] Group 1: Company Operations - The company has won several design projects for high-end manufacturing bases in the commercial aerospace sector, but the contract amounts for individual projects are relatively small [1] - For the period from January to September 2025, the revenue from "commercial aerospace" related projects is expected to account for approximately 0.39% of the company's consolidated revenue [1] Group 2: Investments - In 2023, the company invested 5 million yuan in the angel round of funding for Zhihang Technology (Suzhou) Co., Ltd., a rocket manufacturing company, acquiring a 2.12% stake [1] - Zhihang Technology is projected to incur losses in 2024 and remain in a loss position during the first three quarters of 2025, which will not significantly impact the company's operational earnings for the third quarter of 2025 [1]

Core Viewpoint - The company has issued a risk warning regarding its involvement in the commercial aerospace sector, highlighting the limited revenue contribution from related projects and investments in a rocket manufacturing company [1] Group 1: Company Operations - The company has won several design projects for high-end manufacturing bases in the commercial aerospace sector, but the contract amounts for individual projects are relatively small [1] - For the period from January to September 2025, revenue from "commercial aerospace" related projects accounted for approximately 0.39% of the company's consolidated revenue [1] Group 2: Investments - In 2023, the company invested 5 million yuan in the angel round of funding for Zhihang Technology (Suzhou) Co., Ltd., a rocket manufacturer, acquiring a 2.12% stake [1] - Zhihang Technology is projected to incur losses in 2024 and remain unprofitable in the first three quarters of 2025, which will not have a significant impact on the company's operating income for the third quarter of 2025 [1]

Core Viewpoint - Multiple stocks related to commercial aerospace and GEO concepts have experienced significant price fluctuations, prompting companies to issue risk warnings to investors [1]. Group 1: Stock Performance and Risk Warnings - Zhite New Materials announced a trading suspension after its stock rose 198.57% over six consecutive trading days, indicating significant volatility [1]. - Shaoyang Hydraulic clarified that its products do not directly serve commercial aerospace clients, with related orders being incidental and accounting for less than 0.2% of annual revenue [5]. - Aerospace Power stated that its main business does not involve commercial aerospace, with related revenue contributing less than 2% [8]. Group 2: Company Financials and Market Reactions - Companies like BlueFocus reported that AI-driven revenue constitutes a small portion of overall income, with stock price fluctuations exceeding 100% over seven trading days [11]. - Companies such as Zhongke Xingtou indicated that their stock price increases are not supported by actual business performance in the commercial aerospace sector, highlighting a disconnect from fundamentals [25]. - Zhenyou Technology noted that its revenue from the satellite internet sector was approximately 7.15% of total revenue for the first three quarters of 2025, indicating limited impact on overall performance [49]. Group 3: Business Operations and Future Outlook - Companies like Hangxiao Steel Structure and Aerospace Development reported that their recent project wins in the aerospace sector have minimal financial impact, with contract amounts being small relative to total revenue [28][44]. - Companies such as Gravity Media and Star Ring Technology emphasized that their GEO business is still in the early stages and has not yet generated significant revenue [31][36]. - Aerospace Hongtu mentioned that its main business is still in the satellite application phase, with potential risks related to the timing of satellite launches affecting revenue [41].

Group 1 - The A-share commercial aerospace sector experienced a significant surge on January 12, with over 40 stocks hitting the daily limit, including Xingtu Measurement and Control, Tianyin Electromechanical, and Guangha Communication, with a cumulative increase of 33.38% in the Wenhua Commercial Aerospace Theme Index since 2026 [1] - Multiple commercial aerospace ETFs also reached their daily limit, with one ETF under Yongying Fund surpassing 10 billion RMB in scale [3] - The satellite industry chain has shown strong performance since the end of 2025, with one investor reporting a cumulative return of approximately 31.60% from two ETFs focused on satellite communication and industry indices [5] Group 2 - Several listed companies issued urgent announcements on January 12 regarding their involvement in the commercial aerospace sector, with companies like Ligong Navigation and Zhongke Xingtou clarifying that their business in this area is still in the early stages or not directly related to commercial aerospace [7][8] - Companies such as Zhonghe Design and Guokai Military Industry reported minimal revenue contributions from commercial aerospace projects, with Zhonghe Design's related income accounting for only 0.39% of total revenue [9][11] - Other companies like Aihua Technology and North Navigation emphasized that they do not engage in commercial aerospace activities, warning of potential risks associated with their stock price surges [10][14]

Core Viewpoint - The company has noted increased market attention on its involvement in the commercial aerospace sector and has provided updates on its related projects and investments [1] Group 1: Company Projects - The company has won several design contracts for high-end manufacturing bases in the commercial aerospace sector, although the contract amounts for individual projects are relatively small [1] - For the period from January to September 2025, the revenue from "commercial aerospace" projects is expected to account for approximately 0.39% of the company's consolidated revenue [1] Group 2: Investments - In 2023, the company invested 5 million yuan in the angel round of funding for Zhihang Technology (Suzhou) Co., Ltd., a rocket manufacturing company, acquiring a 2.12% stake [1] - Zhihang Technology is projected to incur losses in 2024 and remain in a loss position during the first three quarters of 2025, which will not have a significant impact on the company's operational earnings for the third quarter of 2025 [1]

Core Viewpoint - The company, Zhongheng Design, has issued a risk warning regarding its stock trading, highlighting increased market attention on the commercial aerospace sector and its involvement in this area [1] Group 1: Company Overview - Zhongheng Design has won several design contracts for high-end manufacturing bases in the commercial aerospace sector, although the individual contract amounts are relatively small [1] - For the period from January to September 2025, the revenue recognized from the company's "commercial aerospace" projects accounted for approximately 0.39% of the total consolidated revenue [1]

Core Viewpoint - The company Zhongheng Design (603017) has issued a stock trading risk warning, highlighting that its revenue from commercial aerospace projects is minimal and that its investment in a rocket manufacturer is currently unprofitable [1] Group 1: Financial Performance - For the period from January to September 2025, revenue from the company's "commercial aerospace" projects is expected to account for approximately 0.39% of the total consolidated revenue [1] - The company invested 5 million yuan in the angel round for Zhihang Technology (Suzhou) Co., Ltd., acquiring a 2.12% stake [1] Group 2: Investment and Operational Status - Zhihang Technology is projected to incur losses in 2024 and remain unprofitable in the first three quarters of 2025 [1] - The operational losses of Zhihang Technology are not expected to have a significant impact on the company's operating income for the third quarter of 2025 [1]

● 业绩下滑风险：截至本公告披露日，公司经营状况正常，主营业务未发生重 证券代码：603017 证券简称：中衡设计 公告编号：2026-003 中衡设计集团股份有限公司 股票交易风险提示性公告 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个别及连带责任。 重要内容提示： ● 热点概念情况：近期中衡设计集团股份有限公司（以下简称"公司"）关注到 市场对商业航天领域及公司在该领域的布局情况关注度较高，现就相关情况说明如 下：根据公司前期披露的定期报告等公告以及实际运营情况，公司中标了部分商业 航天高端制造基地设计项目，但单个项目设计合同额均较小，2025 年 1-9 月公司 "商业航天"相关项目累计确认收入约占同期公司合并报表收入的 0.39%。2023 年， 公司出资 500 万元天使轮投资了火箭生产制造商致航科技（苏州）有限公司（以下 简称"致航科技"），截至目前持有致航科技 2.12%股权，致航科技 2024 年度亏损， 2025 年前三季度仍处于亏损状态，对公司 2025 年三季报经营收益没有重大影响。 敬请广大投资者注意二级市场 ...

中衡设计公告称，公司股票于2026年1月8 - 12日连续3个交易日收盘涨停，涨幅与指数和行业偏离大， 属异常波动。2025年1 - 9月营收7.78亿元，同比降15.36%；净利润5626.81万元，同比降15.85%。公司静 态和滚动市盈率均高于行业均值。2025年1 - 9月"商业航天"项目收入占比0.39%，2023年投资致航科 技，持股2.12%，该公司仍亏损。此外，控股股东一致行动人1月8日减持175万股。公司提醒投资者注 意风险，理性投资。 ...