Market Overview - A-shares exhibited mixed performance on the 8th, with the Shanghai Composite Index experiencing narrow fluctuations, while the ChiNext Index declined, and the Sci-Tech 50 Index surged [1] - The Shanghai Composite Index closed down 0.07% at 4082.98 points, the Shenzhen Component Index fell 0.51%, the ChiNext Index dropped 0.82%, and the Sci-Tech 50 Index rose 0.82% [1] - Total trading volume in the Shanghai and Shenzhen markets was approximately 2.83 trillion yuan, a decrease of about 55 billion yuan from the previous day [1] Commercial Aerospace Sector - The commercial aerospace concept saw a significant surge, with over 20 stocks hitting the daily limit, including Qian Zhao Guang Dian and Pu Ni Ce Shi, which both reached the limit [3] - Notable performers included Jin Feng Ke Ji, which achieved a three-day limit increase, and Zhen Lei Ke Ji, which rose over 15% to reach a historical high [3] Controlled Nuclear Fusion Sector - The controlled nuclear fusion concept showed strong performance, with Ha Han Hua Tong rising over 12% and several other stocks, including China Nuclear Engineering and Aerospace Morning Light, hitting the daily limit [6] - Recent breakthroughs in controlled nuclear fusion technology were reported, with the EAST device confirming the existence of a density-free zone, providing important physical evidence for high-density operation [6][8] Industrial Software Sector - The industrial software concept gained traction, with Han De Information rising over 13% and Baoxin Software hitting the daily limit [9] - The Ministry of Industry and Information Technology, along with other departments, issued a directive to strengthen the development of industrial software, indicating a supportive policy environment for the sector [11]

Market Overview - A-shares showed mixed performance on the 8th, with the Shanghai Composite Index experiencing narrow fluctuations, while the ChiNext Index declined, and the STAR Market Index surged [1] - The Shanghai Composite Index closed down 0.07% at 4082.98 points, the Shenzhen Component Index fell 0.51%, and the ChiNext Index dropped 0.82%. In contrast, the STAR Market Index rose 0.82% [1] - Total trading volume in the Shanghai, Shenzhen, and Hong Kong markets was approximately 2.83 trillion yuan, a decrease of about 550 billion yuan from the previous day [1] Commercial Aerospace Sector - The commercial aerospace concept saw a significant surge, with over 3700 stocks in the A-share market rising, and more than 110 stocks hitting the daily limit [3] - Notable stocks included Qian Zhao Guang Dian and Pu Ni Test, which quickly reached their daily limit, while Jin Feng Technology achieved three consecutive limit-ups [6] - The sector's growth was attributed to the launch of a large liquid carrier rocket assembly and recovery reuse base project in Hangzhou, marking a significant milestone in China's commercial aerospace development [8] Controlled Nuclear Fusion Sector - The controlled nuclear fusion concept was notably active, with stocks like Ha Han Hua Tong and Tian Li Composite seeing significant gains, with some stocks hitting the daily limit [10] - Recent breakthroughs in controlled nuclear fusion technology were reported, including the confirmation of the existence of a density-free zone in the Tokamak, which is crucial for high-density operation [12] - The upcoming 2026 Nuclear Fusion Energy Technology and Industry Conference aims to promote collaboration and innovation within the nuclear fusion industry [12] Industrial Software Sector - The industrial software concept experienced a strong rally, with stocks like Han De Information and Bao Xin Software reaching their daily limit [14] - The Ministry of Industry and Information Technology, along with other departments, issued a directive to enhance the development of industrial software, indicating a supportive policy environment for the sector [16][17] - The government's focus on upgrading industrial software and related technologies is expected to drive rapid growth in the domestic industrial software industry [17]

Core Viewpoint - The aviation equipment sector experienced a significant increase of 4.78% on January 8, with Chaotuo Aerospace leading the gains, while the overall market indices showed slight declines [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4082.98, down 0.07% [1]. - The Shenzhen Component Index closed at 13959.48, down 0.51% [1]. - The aviation equipment sector stocks showed notable gains, with Chaotuo Aerospace rising by 11.17% to a closing price of 55.65 [1]. Group 2: Individual Stock Performance - Key performers in the aviation equipment sector included: - Chaotuo Aerospace (688237): +11.17%, closing at 55.65, with a trading volume of 54,500 and a turnover of 295 million [1]. - Hitec Materials (002023): +10.02%, closing at 15.04, with a trading volume of 881,000 and a turnover of 1.263 billion [1]. - Parker New Materials (605123): +10.00%, closing at 113.74, with a trading volume of 134,500 and a turnover of 1.485 billion [1]. - AVIC Aircraft (600372): +9.99%, closing at 15.41, with a trading volume of 2.8136 million and a turnover of 4.199 billion [1]. Group 3: Capital Flow - The aviation equipment sector saw a net inflow of 2.487 billion in main funds, while retail investors experienced a net outflow of 1.234 billion [2][3]. - Major stocks with significant capital flow included: - AVIC Aircraft (600372): Main funds net inflow of 5.56 billion, retail net outflow of 2.80 billion [3]. - Hitec Materials (002023): Main funds net inflow of 2.25 billion, retail net outflow of 1.81 billion [3].

Core Insights - The stock of Parker New Materials has reached a record trading volume of 1.463 billion yuan, marking the highest since its listing [2] - The latest stock price has increased by 10.00%, with a turnover rate of 10.94% [2] - The previous trading day saw a total trading volume of 932 million yuan for the stock [2]

Group 1 - In 2025, China is expected to achieve a record high of 92 space launches, marking a significant milestone in its aerospace industry [1][2] - The aerospace industry in China is characterized by increased launch frequency, active participation of private rocket companies, and high levels of capital involvement, indicating a new phase of high-quality development towards becoming a space power [1][2] - State-owned enterprises play a crucial role in leading the industry, with companies like Aerospace Science and Technology Corporation and Guizhou Aerospace Electric Co., Ltd. providing essential components and technologies for space missions [1][2] Group 2 - Private companies are filling niche markets, with firms like Wuxi Parker New Material Co., Ltd. and Jiangxi Lianchuang Optoelectronics Co., Ltd. making significant technological advancements in aerospace components and superconducting technologies [2] - The year 2026 is anticipated to continue the trend of high-frequency launches, with a focus on rocket recovery technologies, which may accelerate the growth of private aerospace enterprises [2] - The capital market is opening up for commercial aerospace companies, with new regulations allowing quality commercial rocket firms to list on the Sci-Tech Innovation Board, enhancing funding opportunities for the sector [3]

Market Overview - The aviation equipment sector experienced a decline of 0.98% on December 30, with Parker New Material leading the drop [1] - The Shanghai Composite Index closed at 3965.12, down 0.0%, while the Shenzhen Component Index closed at 13604.07, up 0.49% [1] Top Performers - Hengyu Xintong (300965) saw a closing price of 71.33, with an increase of 7.59% and a trading volume of 48,800 shares, totaling 341 million yuan [1] - Maxinlin (688685) closed at 56.04, up 4.16%, with a trading volume of 46,800 shares, amounting to 262 million yuan [1] - AVIC Heavy Machinery (600765) closed at 19.18, up 4.01%, with a trading volume of 1.5823 million shares, totaling 3.08 billion yuan [1] Underperformers - Parker New Material (605123) closed at 102.00, down 7.73%, with a trading volume of 128,400 shares, totaling 1.338 billion yuan [2] - Tongyi Hangda (920642) closed at 16.52, down 7.61%, with a trading volume of 110,200 shares, amounting to 188 million yuan [2] - Hangyu Technology (688239) closed at 66.89, down 5.38%, with a trading volume of 149,000 shares, totaling 1.001 billion yuan [2] Capital Flow - The aviation equipment sector saw a net outflow of 1.473 billion yuan from institutional investors, while retail investors had a net inflow of 1.199 billion yuan [2][3] - The top net inflows from retail investors were observed in stocks like AVIC Heavy Machinery and Hongdu Aviation, while significant outflows were noted in Parker New Material and Tongyi Hangda [3]

Group 1 - The A-share market saw a significant decline in commercial aerospace stocks in the afternoon session [1] - Tianli Composite dropped over 11%, while Shenjian Co. approached the daily limit down [1] - Other notable declines included Superjet Co. down over 9%, Aerospace Hanyu down over 8%, and several companies including Paker New Materials and Goldwind Technology down over 7% [1] Group 2 - Companies such as Chuangyuan Technology, Zhaobiao Co., Jiangshun Technology, and others experienced declines exceeding 6% [1]

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。 重要内容提示： 无锡派克新材料科技股份有限公司 股票交易异常波动的公告 公司敬请广大投资者关注本公告提示的相关风险，理性决策，审慎投资， 注意投资风险。 一、股票交易异常波动的具体情况 证券代码：605123 证券简称：派克新材 公告编号：2025-056 无锡派克新材料科技股份有限公司（以下简称"公司"）股票于 2025 年 12 月 25 日、2025 年 12 月 26 日、2025 年 12 月 29 日连续三个交易日收盘价格 涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属 于股票交易异常波动情形。 经公司自查并向控股股东、实际控制人书面发函查证，截至本公告披露 日，不存在应披露而未披露的重大事项或重大信息。 公司股票于 2025 年 12 月 25 日、2025 年 12 月 26 日、2025 年 12 月 29 日 连续三个交易日收盘价格涨幅偏离值累计超过 20%，根据《上海证券交易所交 易规则》的有关规定，属于股票交易异常波动的情形。 二 ...

Core Viewpoint - The aviation engine sector has shown a positive performance with a 1.65% increase, ranking fifth among concept sectors, driven by significant gains in several stocks [1][2]. Group 1: Sector Performance - The aviation engine concept saw 54 stocks rise, with notable performers including Aerospace Hi-Tech reaching a 20% limit up, and other stocks like Zhongchao Holdings, Haige Communications, and Parker New Materials also hitting the limit up [1]. - The top gainers in the sector included Chaojie Co. (+16.35%), Yinbang Co. (+14.18%), and Hangyu Technology (+8.42%) [1]. - Conversely, the sector had some decliners, with Aviation Development Technology down 4.02%, *ST Xinyan down 3.34%, and Wanze Co. down 2.85% [1]. Group 2: Capital Flow - The aviation engine sector attracted a net inflow of 1.132 billion yuan, with 42 stocks receiving net inflows, and five stocks exceeding 100 million yuan in net inflow [2]. - Haige Communications led the net inflow with 724.27 million yuan, followed by Yinbang Co. (428.18 million yuan), AVIC High-Tech (166.52 million yuan), and Guanglian Aviation (138.09 million yuan) [2][3]. - The top net inflow ratios were recorded by Haige Communications (21.95%), Yinbang Co. (15.82%), and Zhongchao Holdings (14.50%) [3].

Investment Rating - The industry investment rating is "Positive" [5] Core Insights - The Shanghai Stock Exchange has officially released guidelines for commercial rocket companies to apply for the fifth set of listing standards on the Sci-Tech Innovation Board, which supports high-quality commercial rocket enterprises that have not yet formed a certain revenue scale to go public [2][7] - The commercial rocket industry is expected to experience rapid growth due to continuous policy support, accelerated technological iteration, and the release of rocket production capacity, leading to a significant increase in the number of rockets and launch frequency in China [3][7] Summary by Relevant Sections Industry Overview - The guidelines emphasize that companies must have key core technologies and significant technological advantages or breakthroughs, focusing on the self-research capabilities of core components and key indicators such as payload capacity and multi-satellite launch capabilities [7] - The guidelines also require that commercial rocket companies achieve a milestone of successfully launching a medium to large reusable rocket payload into orbit [7] Market Dynamics - The commercial rocket sector is currently a bottleneck in the commercial aerospace industry, and with the release of production capacity, improvement in launch capabilities, and breakthroughs in reusable technology, the progress of satellite networking is expected to experience a leap forward [7] - The report identifies that the future of China's rocket sector will see a threefold resonance of capacity release, enhanced launch capabilities, and breakthroughs in reusable technology, which will accelerate the resolution of launch bottlenecks [7] Investment Targets - Recommended investment targets in the satellite sector include Aerospace Electronics (600879, Buy), Zhenlei Technology (688270, Not Rated), and others [7] - Recommended investment targets in the rocket sector include Aerospace Power (600343, Not Rated), Zhonghang Heavy Industry (600765, Buy), and others [7]