证券代码：603698 证券简称：航天工程 公告编号：2025-016 航天长征化学工程股份有限公司 关于项目中标的公告 5.中标人：航天长征化学工程股份有限公司 6.中标价格：239,180.00(万元) 7.工期：740 日历天 8.质量：符合设计文件、现行国家有关工程施工质量验收规范、标准等要求 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。 航天长征化学工程股份有限公司（以下简称公司）近日收到中标通知书，确 认公司作为承包人/牵头人中标陕煤集团榆林化学有限责任公司 1500 万吨/年煤 炭分质清洁高效转化示范项目烯烃、芳烃及深加工工程一阶段项目煤气化装置 EPC 工程总承包。相关情况具体如下： 一、中标项目主要情况 1.项目名称：陕煤集团榆林化学有限责任公司 1500 万吨/年煤炭分质清洁高 效转化示范项目烯烃、芳烃及深加工工程一阶段项目煤气化装置 EPC 工程总承包 2.招标人：陕煤集团榆林化学有限责任公司 3.中标范围：1500 万吨/年煤炭分质清洁高效转化示范项目烯烃、芳烃及深 加工工程一阶段项目煤气化装置 EP ...

Core Viewpoint - The company has been awarded a contract for a significant project in the coal chemical industry, which is expected to positively impact its operational performance [1] Group 1: Project Details - The company received a bid notification confirming its role as the contractor for the Shaanxi Coal Group's Yulin Chemical Co., Ltd. project, which involves a 15 million tons/year coal-to-chemical clean conversion demonstration project [1] - The total contract value is 2.392 billion yuan, with a project duration of 740 calendar days [1] - The project is located in the Yushen Industrial Park, Dabaodang Town, Shenmu City, Shaanxi Province [1] Group 2: Project Scope - The first phase of the project includes the construction of a 5.6 million tons/year methanol production facility, a 1.48 million tons/year methanol-to-olefins unit, and downstream deep processing facilities [1] - The project aims to produce a total of 2.77 million tons/year of eight types of products, including polyethylene, polypropylene, EVA, and SAP [1] - Successful implementation of this project is anticipated to have a positive impact on the company's financial performance [1]

据中国载人航天工程（603698）办公室消息，天舟八号货运飞船已于北京时间2025年7月9日6时42分受 控再入大气层。飞船绝大部分器件在再入大气层过程中烧蚀销毁，少量残骸落入预定安全海域。天舟八 号货运飞船于2024年11月15日在文昌航天发射场发射入轨，装载了航天员在轨驻留消耗品、推进剂、应 用实(试)验装置等物资。(央视新闻) ...

Market Overview - US stock markets experienced a decline, with the Dow Jones down 0.94%, Nasdaq down 0.92%, and S&P 500 down 0.79%. Notable declines included Tesla at 6.79%, Apple at 1.69%, and Google A at 1.53%, while Amazon saw a slight increase of 0.03% [1] International Trade and Policy - The first wave of tax letters from Trump will affect 14 countries, including Japan and South Korea, with tax rates ranging from 25% to 40%, effective from August 1. The EU is reportedly close to reaching an agreement [2] - An EU spokesperson indicated that negotiations for a US-EU trade agreement have made progress, with a principle agreement expected [3] Company Developments - OpenAI is incurring high costs for talent retention, with equity compensation accounting for 119% of its revenue. Meanwhile, Meta is actively recruiting talent, with a senior AI executive from Apple set to join [4] - Samsung Electronics is expected to see a 39% decline in operating profit for Q2 due to weak AI chip sales [5] - Figure's CEO stated that humanoid robots are key to AGI and plans to deploy 100,000 units within four years [6] - Colin Murdoch, Chief Business Officer of Google DeepMind, announced that Isomorphic Labs, which designs drugs using AI, is preparing for its first human trials [7] Economic Forecasts - Goldman Sachs has revised its expectations for the Federal Reserve's interest rate cuts, now anticipating a potential cut in September, with a terminal rate of 3% to 3.25% [8] Domestic Industry Highlights DRAM Industry - Changxin Storage, a major domestic DRAM manufacturer, has initiated its IPO counseling, with a registered capital of 601.9 billion yuan and a valuation of 140 billion yuan. The success of Changxin and Yangtze Memory is expected to significantly impact the domestic semiconductor industry [11] Photovoltaic Industry - Major polysilicon manufacturers have raised prices for certain orders to 37 yuan per kilogram due to recent policy changes and industry self-discipline. The overall production of polysilicon is projected to increase, albeit at a limited rate [12] Petrochemical Industry - The price of butanone has risen by 4.54% to 8,267 yuan per ton, with a month-on-month increase of 28.51%. Supply disruptions due to maintenance at major production facilities are contributing to price increases [13] Automotive Components - A new mandatory national standard for passenger car brake systems will take effect on January 1, 2026, introducing new requirements for electric transmission brake systems and single-pedal braking [15] Company Earnings Forecasts - Industrial Fulian expects a net profit of 6.727 billion to 6.927 billion yuan for the first half of 2025, a year-on-year increase of 47.72% to 52.11%, driven by growth in cloud computing [16] - Rockchip anticipates a net profit of 520 million to 540 million yuan, a year-on-year increase of 185% to 195%, supported by AIoT product demand [17] - Loxin Technology projects a net profit of 250 million to 270 million yuan, a year-on-year increase of 65% to 78% [17] - China Power expects a net profit of 800 million to 1.15 billion yuan, a year-on-year increase of 68.28% to 141.90% [17]

Core Viewpoint - Several listed companies in the Shanghai and Shenzhen markets have announced significant developments, including management changes, stock trading fluctuations, and major contracts, which may present investment opportunities and risks for investors [2]. Group 1: Management Changes and Legal Issues - Scanda's chairman and general manager, Li Yuejie, along with director Zhu Chuncheng, have been subjected to criminal coercive measures due to alleged violations related to information disclosure [3]. - Longhong High-Tech is planning to acquire 100% equity of Guangxi Changke, leading to a stock suspension for up to 10 trading days [6]. Group 2: Stock Trading and Performance - New Asia Electronics reported abnormal stock trading with a cumulative price deviation exceeding 20% over three days, while confirming that its operations are normal and consistent with previously disclosed share reduction plans [5]. - ST Tiexin announced the removal of risk warnings and a name change, which will increase the trading limit from 5% to 10% [8]. Group 3: Financial Performance Forecasts - Industrial Fulian expects a net profit increase of 36.84% to 39.12% year-on-year for the first half of 2025, driven by a surge in AI-related business [18]. - Huayou Cobalt anticipates a net profit increase of 55.62% to 67.59% for the same period, benefiting from integrated operations and rising cobalt prices [19]. - Guoli Co. forecasts a staggering net profit increase of 130.91% to 158.08% for the first half of 2025, attributed to new product and market expansions [20]. - Bangji Technology expects a net profit increase of 166.77% to 200.91%, driven by increased sales from direct sales channels [21]. - Lier Chemical predicts a net profit increase of 185.24% to 196% due to rising product sales and cost reduction efforts [25]. Group 4: Major Contracts and Projects - Huadian Science and Technology signed significant contracts worth approximately RMB 25.16 billion for coal handling and transportation systems [41]. - Aerospace Engineering is the first candidate for a project with a bid of RMB 23.92 billion for a coal gasification facility [43].

关于项目预中标的提示性公告 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法律责任。 航天长征化学工程股份有限公司（以下简称公司）作为承包人/牵头人参与 了陕煤集团榆林化学有限责任公司 1500 万吨/年煤炭分质清洁高效转化示范项 目烯烃、芳烃及深加工工程一阶段项目煤气化装置 EPC 工程总承包项目（以下简 称本项目）的投标。根据招标人近期发布的中标候选人公示结果，公司为上述项 目的第一中标候选人，现将相关项目情况提示如下： 证券代码：603698 证券简称：航天工程 公告编号：2025-015 一、预中标项目主要情况 航天长征化学工程股份有限公司 1.项目名称：陕煤集团榆林化学有限责任公司 1500 万吨/年煤炭分质清洁高 效转化示范项目烯烃、芳烃及深加工工程一阶段项目煤气化装置 EPC 工程总承包 二、项目中标对公司经营业绩的影响 本项目签订正式合同并顺利实施后，将进一步增强和巩固公司的市场竞争力 及市场占有率，并将对公司的经营业绩产生积极影响，但不影响公司经营的独立 性。 3.招标人：陕煤集团榆林化学有限责任公司 4.招标范围：本 ...

Core Insights - The report predicts that Brent crude oil prices will fluctuate around $65-70 per barrel in the second half of 2025, driven by tight supply and slow demand growth, with potential short-term spikes due to geopolitical factors [4][9] - The petrochemical industry is expected to gradually recover from its bottoming out phase, returning to a normal capacity cycle constrained by credit boundaries, leading to a slow recovery in profitability in 2025 and beyond [4][10] - Investment opportunities are highlighted in high-quality growth stocks, coal chemical equipment investments, and high-dividend sectors, emphasizing a bottom-up investment approach [4][10] Oil Price Trends - Oil prices experienced a two-phase trend in 2025: a decline from $74.64 to $60.23 per barrel (down 19.31%) until May 3, followed by a recovery to $77.01 per barrel (up 27.86%) after May 3 due to seasonal demand and geopolitical tensions [7][25] - The report indicates that global oil supply remains tight, with non-OECD countries contributing to demand growth, which will limit the extent of price declines [9][27] Industry Performance - Global refining capacity is projected to grow by 440,000 barrels per day from 2022 to 2028, with China contributing significantly to this increase [27][33] - The report notes that domestic refined oil demand is nearing its peak, with a decline in consumption due to economic weakness and competition from electric vehicles [39][45] - The petrochemical sector is experiencing a weak recovery, with some chemical products showing improved profitability despite high raw material costs [8][45] Investment Themes - The report emphasizes four main investment themes: 1. Quality growth and leading companies in the industry experiencing volume and price increases [10] 2. Opportunities in high-end materials and technology import substitution [10] 3. Investments related to the upcoming coal chemical investment cycle [10] 4. High dividend yielding state-owned enterprises benefiting from economic recovery [10][11] Recommendations - Key investment targets include leading companies in ethylene production, coal chemical leaders, and high dividend stocks such as China National Offshore Oil Corporation and China Petroleum [11][10] - The report suggests focusing on companies that are positioned to benefit from the recovery in domestic demand and the transition to high-end materials [11][10]

Core Viewpoint - The company has been selected as the first candidate for the EPC project of a coal gasification facility for Shaanxi Coal Group's Yulin Chemical Co., with a total bid amount of 2.392 billion yuan [1] Group 1: Project Details - The project involves the construction of a coal-to-methanol facility with a capacity of 5.6 million tons per year, a methanol-to-olefins facility with a capacity of 1.48 million tons per year, and downstream processing units [1] - The total production capacity of the project will be 2.77 million tons per year, producing eight types of products including polyethylene, polypropylene, EVA, and SAP [1] Group 2: Financial Impact - The formal signing of the contract and successful implementation of the project is expected to have a positive impact on the company's operating performance [1]

2015年6月，蓝箭航天正式成立。十年来，蓝箭航天已成为目前国内唯一形成"研发、制造、测试、发 射"全链条能力建设和布局的民商火箭公司。6月18日，记者随"活力中国调研行"北京市主题采访活动来 到北京经济技术开发区，探访蓝箭航天。 打开液氧甲烷时代的大门 据了解，蓝箭航天自研的"天鹊"80吨级液氧甲烷火箭发动机（TQ-12），是国内首台民营企业研制的大 推力液氧甲烷发动机，也是我国目前推力最大的双低温液体火箭发动机，推力水平在液氧甲烷火箭发动 机技术产品中达世界第三、亚洲第一。 张静茹介绍，TQ-12多项自主技术属于国内首创，已突破液氧甲烷高效高稳定性燃烧、大型喷管激光焊 接、高效率低温泵、涡轮泵流体动压密封、高精度高压低温调节器、双低温发动机泵后摇摆、推进剂过 冷等十余项关键技术。 2022年，在TQ-12的基础上，蓝箭航天研发了"天鹊"80吨级液氧甲烷火箭发动机改进型（TQ-12A）。这 款发动机有效增强了"朱雀"系列运载火箭各类任务轨道卫星的发射能力，并为子级回收需求及可重复使 用提供了基础技术保障。 另外，他们还意识到，甲烷燃烧产物洁净，无积炭，发动机使用后无需清洗，重复使用场景下对发动机 的维护保养 ...

"中国空间站关键核心技术具有完全自主知识产权，产品全部国产化，走出了一条高水平科技自立自强 的发展道路。"中国载人航天工程空间站系统总设计师、中国航天科技集团有限公司空间技术研究院研 究员杨宏介绍，中国空间站在总体设计方面有很多独到智慧。以空间站系统总体方案为例，团队是先顶 层设计再分工。首先进行10个专业的功能设计，包括结构密封承载以及能源、热控、信息、载人环境 等，系统确定功能和性能指标体系，再逐级向下分解。只有这样自顶向下的设计才能确保总体方案是最 优的。 杨宏记得，神舟飞船首任总设计师戚发轫院士经常跟他们讲："成功不等于成熟，一次成功不等于次次 成功，航天员的生命安全就在我们每个设计师的手中，假如你是一名航天员，你敢不敢乘坐你自己设计 的飞船上天？"他感慨，正是老一代航天人一丝不苟、严慎细实的工作作风，激励着一代又一代的航天 人接续奋斗，必须把关键核心技术牢牢掌握在自己手里。"后续，我们将研制并择机发射空间站扩展舱 段，不断提升中国空间站的能力。"杨宏说。 载人航天是复杂的系统工程，由14个大系统、上百个分系统组成，参与单位多达上千家，涉及数十万科 研人员，凝结着几代人的心血和汗水。 2022年12月 ...