Group 1 - Aerospace Engineering stock increased by 5.17% on February 3, reaching a price of 36.39 yuan per share, with a trading volume of 550 million yuan and a turnover rate of 2.89%, resulting in a total market capitalization of 19.505 billion yuan [1] - The stock has experienced a continuous rise for three days, accumulating a total increase of 2.98% during this period [1] - Aerospace Engineering Co., Ltd. specializes in gasification technology and key equipment development, with its main business revenue composition being 49.87% from industrial gas operations, 46.17% from clean and efficient coal utilization, 3.91% from high-end equipment manufacturing, and 0.06% from other sources [1] Group 2 - The Oriental Alpha Fund holds a significant position in Aerospace Engineering, with the Oriental Alpha Rui Feng Mixed Fund A (018362) owning 221,500 shares, accounting for 7.71% of the fund's net value, making it the second-largest holding [2] - The fund has realized a floating profit of approximately 396,500 yuan today, with a floating profit of 221,500 yuan during the three-day increase [2] - The Oriental Alpha Rui Feng Mixed Fund A was established on May 12, 2023, with a current scale of 56.221 million yuan, achieving a year-to-date return of 19.58% and a one-year return of 36.27% [2]

Group 1 - The China Securities 1000 Growth ETF (562520) opened with a gain of 0.47%, priced at 1.484 yuan [1] - The ETF's performance benchmark is the China Securities Selected 1000 Growth Innovation Strategy Index return rate [1] - Since its establishment on March 8, 2022, the fund has achieved a return of 47.91%, with a one-month return of 11.67% [1] Group 2 - Major holdings in the ETF include Aerospace Engineering, which opened down 0.35%, and Zhenlei Technology, which rose by 1.44% [1] - Other notable stock movements include Platinum Power up 1.68%, Aerospace Intelligence down 0.64%, and Zhongrong Electric up 1.06% [1] - The fund is managed by Huaxia Fund Management Co., with Zhang Jinzhi as the fund manager [1]

Core Viewpoint - The company, Suochen Technology, has confirmed its involvement in commercial aerospace projects through its subsidiary, Kunyu Lancheng, which provides satellite target detection, situational awareness, and aerospace engineering operation and safety services [1] Group 1: Company Projects - The company has successfully implemented projects in the commercial aerospace sector, although specific project names, partners, and technical details cannot be disclosed due to client confidentiality and intellectual property protection [1]

证券代码：603698 证券简称：航天工程 公告编号：2026-004 1.基本信息 项目质量控制复核人张玲，2005 年成为注册会计师，2024 年开始在大信执 业，2022 年开始从事上市公司审计质量复核，2025 年开始担任公司审计项目的 质量控制复核人；近三年签署或复核过 6 家上市公司审计报告。 2.诚信记录 航天长征化学工程股份有限公司 关于审计机构变更项目质量控制复核人的公告 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）分别于 2025 年 10 月 16 日、2025 年 11 月 6 日召开第五届董事会第七次会议及 2025 年第一次临时股东 大会，审议通过了《关于聘任公司 2025 年度审计机构的议案》，同意聘任大信 会计师事务所（特殊普通合伙）（以下简称大信）为公司 2025 年财务报告和内 部控制审计机构，具体内容详见公司在上海证券交易所网站（www.sse.com.cn） 披露的《航天长征化学工程股份有限公司关于聘任公司 2025 年度审计机构的公 告》 ...

Core Viewpoint - Aerospace Engineering's stock price has shown volatility, with a year-to-date decline of 10.84% and a recent significant drop of 8.28% over the last five trading days, despite a notable increase of 76.28% over the past 60 days [1] Group 1: Company Overview - Aerospace Engineering Co., Ltd. was established on June 22, 2007, and listed on January 28, 2015. The company specializes in coal gasification technology and related equipment [2] - The main business revenue breakdown includes: Industrial gas operation (49.87%), clean and efficient coal utilization (46.17%), high-end equipment manufacturing (3.91%), and others (0.06%) [2] - The company is categorized under the machinery equipment sector, specifically in specialized equipment for energy and heavy equipment [2] Group 2: Financial Performance - For the period from January to September 2025, Aerospace Engineering achieved a revenue of 2.987 billion yuan, representing a year-on-year growth of 79.16%. The net profit attributable to shareholders was 134 million yuan, with a growth of 5.42% [2] - Cumulatively, the company has distributed 567 million yuan in dividends since its A-share listing, with 196 million yuan distributed over the last three years [3] Group 3: Shareholder and Market Activity - As of September 30, 2025, the number of shareholders increased to 23,200, with an average of 23,135 circulating shares per person, a decrease of 1.36% from the previous period [2] - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent instance on January 26, where it recorded a net buy of -48.6012 million yuan [1]

Investment Rating - The report maintains an "Overweight" rating for the commercial aerospace industry, indicating a positive outlook for the sector in the coming months [1]. Core Insights - The commercial aerospace industry is expected to undergo a significant transformation by 2026, driven by advancements in launch capabilities and the successful deployment of domestic rockets, which will remove previous constraints on industry growth [8][9]. - The competition in commercial aerospace is fundamentally a "land grab" for space sovereignty and resource allocation, emphasizing the need for increased launch frequency to secure China's position in low Earth orbit [10]. - The report highlights the strategic importance of commercial aerospace in national defense and resource acquisition, particularly in the context of lunar resources like Helium-3, which could reshape global energy dynamics [12]. - Key catalysts for the industry include domestic policy support and capital market developments, with significant IPOs expected from leading aerospace companies in 2026 [13][15]. Summary by Sections 1. Why has the domestic commercial aerospace industry reached a qualitative change? - The industry has transitioned from a limited payload capacity to a robust launch capability, marked by the successful launch of the Zhuque-3 rocket, which signifies a shift from speculative themes to a narrative driven by operational capacity [8]. 2. How to understand the importance of commercial aerospace? - The scarcity of low Earth orbit resources has made the commercial aerospace race a critical national strategy, with the need to enhance launch frequency to secure space assets and maintain competitive advantages [10][11]. 3. What subsequent catalysts are worth paying attention to in commercial aerospace? 3.1. Domestic: Accelerated release of policy and capital dividends - The report anticipates significant policy support and capital market activity, with major aerospace companies expected to enter the IPO market in 2026, reflecting the strategic importance of the sector [13]. 3.2. International: Clear policy framework and tight planning timeline - The U.S. has shifted from a public to a private ownership model for space resources, establishing a legal framework that encourages commercial investment in space resource development [15][16]. 4. Investment Recommendations 4.1. SpaceX Concept - Companies that could potentially enter the SpaceX supply chain are highlighted, indicating a strong future in commercial aerospace [17]. 4.2. Rocket Sector: "Many Stars, Few Rockets" Expected to Breakthrough - The report suggests that advancements in large-capacity reusable rocket technology will lead to significant changes and valuation adjustments in the sector [19]. 4.3. Satellite Sector: Certainty in Implementation - The urgency to secure low Earth orbit resources is driving domestic satellite constellations from planning to large-scale deployment [20]. 4.4. Space Computing and Space Photovoltaics: Next-Generation Core Tracks - The report identifies space computing and space photovoltaics as critical future sectors, emphasizing their role in supporting lunar economies and global intelligence ecosystems [22].

（文章来源：证券日报） 证券日报网讯 1月28日，航天工程在互动平台回答投资者提问时表示，公司持有航天氢能有限公司 62.60%股权，是公司合并报表的控股子公司。 ...

证券之星消息，1月26日专用设备板块较上一交易日下跌1.36%，航天工程领跌。当日上证指数报收于 4132.61，下跌0.09%。深证成指报收于14316.64，下跌0.85%。专用设备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300837 | 浙矿股份 | 66.00 | 15.36% | 12.69万 | | 8.35 乙 | | 603895 | 大永智能 | 34.39 | 10.01% | 4.93万 | | 1.67亿 | | 001288 | 运机集团 | 38.15 | 10.01% | 5.47万 | | 2.06亿 | | 001277 | 速达股份 | 46.31 | 10.00% | 2.70万 | | 1.22亿 | | 002667 | 威领股份 | 19.36 | 10.00% | 12.72万 | | 2.43亿 | | 002009 | 天奇股份 | 26.11 | 9.98% | 6.85万 | | 1.79亿 | ...

声明：市场有风险，投资需谨慎。本文为AI大模型基于第三方数据库自动发布，任何在本文出现的信 息（包括但不限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成 个人投资建议。受限于第三方数据库质量等问题，我们无法对数据的真实性及完整性进行分辨或核验， 因此本文内容可能出现不准确、不完整、误导性的内容或信息，具体以公司公告为准。如有疑问，请联 系biz@staff.sina.com.cn。 责任编辑：小浪快报 2026年1月26日，航天工程（sh603698）触及跌停，跌停价33.9元，涨幅-10.01%，总市值181.70亿元， 流通市值181.70亿元，截止发稿，总成交额10.27亿元。 根据喜娜AI异动分析，航天工程跌停原因可能如下，股东减持+现金流恶化+大宗交易折价： 1、公司经 营层面存在风险：该公司整体呈现"业务扩张但现金流承压"特点。公司存在股东持续减持情况，国创基 金等股东合计减持 3%股份且减持计划未完成，2025 年 12 月大股东国创投资引导基金也有减持操作； 经营活动现金流净额为 - 7.33 亿元，同比恶化 63.02%；应收账款大幅增长 97.5%；一年内到期 ...

证券代码：603698 证券简称：航天工程公告编号：2026-003 航天长征化学工程股份有限公司关于股东减持股份结果公告 本公司董事会、全体董事及相关股东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： ● 股东持股的基本情况 本次减持计划实施前，航天长征化学工程股份有限公司（以下简称公司）股东国创基金管理有限公司- 国创投资引导基金（有限合伙）（以下简称国创基金）持有公司股份46,736,523股，约占公司总股本的 8.72%；股东国创（北京）新能源汽车投资基金管理有限公司－北京国创新能源汽车股权投资基金合伙 企业（有限合伙）（以下简称新车基金）持有公司股份19,223,800股，约占公司总股本的3.59%，以上 股东互为一致行动人。 ● 减持计划的实施结果情况 2025年10月18日，公司披露了《航天长征化学工程股份有限公司关于股东减持股份计划的公告》（公告 编号2025-034），国创基金与新车基金拟通过大宗交易、集中竞价交易方式合计减持公司无限售流通股 不超过16,079,700股，占公司总股本的3%。 2025年11月15 ...