（文章来源：证券日报） 证券日报网讯 2月13日，航天宏图发布公告称，公司股票自 2026 年 2月 2 日至 2026 年 2 月 13 日已有 10 个交易日的收盘价低于当期转股价格的 85%（即 34.80 元/股），存在触发《航天宏图信息技术股份 有限公司向不特定对象发行可转换公司债券募集说明书》（以下简称"募集说明书"）中规定的转股价格 向下修正条件的可能性。若触发条件，公司将于触发条件当日召开董事会审议决定是否修正转股价格， 并及时履行信息披露义务。 ...

| 证券代码：688066 | 证券简称：航天宏图 | 公告编号：2026-008 | | --- | --- | --- | | 债券代码：118027 | 债券简称：宏图转债 | | 航天宏图信息技术股份有限公司 关于"宏图转债"预计触发转股价格向下修正的 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、准确性和完整性依法承担法律责任。 重要内容提示： 航天宏图信息技术股份有限公司（以下简称"公司"）股票自 2026 年 2 月 2 日至 2026 年 2 月 13 日已有 10 个交易日的收盘价低于当期转股价格的 85% （即 34.80 元/股），存在触发《航天宏图信息技术股份有限公司向不特定对象发 行可转换公司债券募集说明书》（以下简称"募集说明书"）中规定的转股价格向 下修正条件的可能性。若触发条件，公司将于触发条件当日召开董事会审议决定 是否修正转股价格，并及时履行信息披露义务。 根据《上海证券交易所上市公司自律监管指引第 12 号——可转换公司债券》 的有关规定，公司可能触发可转换公司债券（以下简称"可转债"）转股价格向 下修正 ...

经济观察网2026年2月10日，中诚信国际将航天宏图主体及"宏图转债"信用等级从BBB下调至BB+，评 级展望维持负面，主要因公司2025年盈利指标明显弱化、净资产预计为负，且面临较大的经营周转及债 务偿还压力。同日，公司实控人被限制高消费等风险事件持续发酵。 股票近期走势 近7个交易日(2026年2月4日至11日)，航天宏图股价累计下跌约45.33%，区间振幅达46.38%。其中，2月 9日单日上涨7.32%，但2月4日、5日、6日、10日、11日均下跌，跌幅介于1.58%至5.45%之间。资金流 向方面，2月6日主力资金净流出4730.72万元，占总成交额11.74%，显示市场抛压较重。 财报分析 公司于2026年1月30日发布的业绩预告显示，预计2025年归母净利润亏损10.3亿元，期末净资产为-2.8亿 元，可能触发退市风险警示(ST)。近7天评级下调事件进一步印证了财务恶化风险，包括军采资质暂停 至2027年7月、新签订单同比下降13%等因素。 以上内容基于公开资料整理，不构成投资建议。 ...

Group 1 - Hailanxin (300065) is a core enterprise in the field of smart ocean and commercial aerospace measurement and control, with a contract amount of 458 million yuan for a project related to reusable rocket recovery [1][25] - Jieli Suoju (002342) is a leading company in the domestic rigging industry, providing intercept nets and ultra-high molecular weight polyethylene ropes for rocket recovery, with a single set of capture arms valued at 15-20 million yuan [2][26] - Chaojie Co., Ltd. (301005) specializes in precision structural components, supplying key components for rockets, with a single set valued at 25-30 million yuan and securing 30 orders for 2026-2028 [3][27] Group 2 - Taisheng Wind Power (300129) is a leader in wind power towers, providing structural components for rockets and planning to cover 60% of launch tasks by 2025 [4][28] - Zhongheng Design (603017) is a leading engineering design firm, providing design and construction services for rocket recovery bases, supporting industry landing [5][29] - Yitong Century (300310) focuses on communication technology services, providing communication support for rocket recovery processes [6][30] Group 3 - Aerospace Electronics (600879) is a leading company in aerospace electronics, providing landing leg actuators for reusable rockets, with a projected increase in value by 3-5 times after commercialization in 2026 [7][31] - Mengsheng Electronics (688331) specializes in satellite navigation systems, providing core navigation systems for reusable rockets, supporting centimeter-level positioning [8][32] - Sry New Materials (688102) is a leader in high-strength copper alloy materials, supplying core materials for rocket engines, ensuring stable operation for recovery [9][34] Group 4 - AVIC Optoelectronics (002179) is a leading company in aerospace connectors, ensuring reliable signal transmission for rocket recovery processes [10][35] - Guokai Military Industry (688543) provides solid engine power modules for rockets, which are critical components for recovery [11][36] - Parker New Materials (605123) specializes in aerospace forgings, supplying key components for rockets, ensuring structural stability for recovery [12][37] Group 5 - Hanyu Technology (688239) focuses on titanium alloy forgings for rockets, supporting stable engine operation for recovery [13][38] - Race Intelligent (002979) provides specialized motors for rocket engines, crucial for thrust adjustment during recovery [14][39] - Aerospace Universe (688523) specializes in composite materials, supporting lightweight structures for rockets [15][40] Group 6 - Guoguang Electric (688776) provides electrical equipment for rockets, supporting electrical control and signal transmission during recovery [16][41] - Aerospace Hongtu (688066) offers satellite remote sensing services, providing environmental monitoring for rocket recovery [17][42] - Chunzong Technology (603516) provides ground measurement and control equipment for rocket launches and recoveries [18][43] Group 7 - Aerospace Electromechanical (600151) supplies solar panels and power systems for rockets, supporting energy management during recovery [19][44] - Wuzhou Xinchun (603667) supplies bearings for recovery systems, with annual orders valued at 120-180 million yuan [20][45] - Aerospace Morning Light (600501) provides ground support systems for rocket recovery, ensuring efficient execution of recovery operations [21][46] Group 8 - Aerospace Technology (000901) specializes in measurement and control services for rockets, ensuring precise control during recovery [22][47] - Aerospace Power (600343) provides fluid components for rocket engines, ensuring reliable fluid control during recovery [23][48]

Group 1: Monetary Policy and Market Operations - The central bank conducted a 7-day reverse repurchase operation on February 10, with a fixed rate and a total amount of 311.4 billion yuan, at an interest rate of 1.40%, resulting in a net injection of 205.9 billion yuan for the day after accounting for 105.5 billion yuan in reverse repos maturing [2][4] - The interbank market showed a tightening in liquidity, with the weighted average rate of DR001 rising over 9 basis points to 1.36%, while overnight borrowing rates for non-bank institutions increased to above 1.6% and 1.65% for overnight and cross-period funding, respectively [4] - The latest overnight financing rate in the US was reported at 3.64% [6] Group 2: Financial Instruments and Yield Trends - The latest transaction rate for one-year interbank certificates of deposit from major banks was around 1.59%, showing a slight increase from the previous day [7] - The closing yields for government bond futures showed a slight increase, with the 30-year and 10-year contracts rising by 0.01%, while the 5-year and 2-year contracts remained unchanged [12] Group 3: Fiscal Policy and Investment Trends - In the context of increasing fiscal revenue and expenditure contradictions, there is a noticeable shift in China's fiscal spending structure, with more funds being directed towards human capital and a decline in infrastructure investment. However, manufacturing and high-tech service investments remain resilient, indicating a transition in investment structure from traditional infrastructure to new productive forces [13] - The Ministry of Finance and the People's Bank of China conducted a tender for 2026 central treasury cash management deposits on February 10, with a total bid amount of 150 billion yuan at an interest rate of 1.73% [13] Group 4: Bond Market Developments - Fitch Ratings upgraded Vanke's long-term foreign and local currency issuer ratings from "RD" to "CC" [15] - The first batch of ESG standardized bonds for financing leasing in Tianjin has been issued [15] - Following refinancing policy changes, Zhongke Shuguang plans to issue convertible bonds not exceeding 8 billion yuan [15]

债券受托管理人 证券代码：688066 证券简称：航天宏图 债券代码：118027 债券简称：宏图转债 航天宏图信息技术股份有限公司 向不特定对象发行可转换公司债券 第七次临时受托管理事务报告 （2026 年度） （深圳市红岭中路 1012 号国信证券大厦 16-26 层） 二〇二六年二月 1 重要声明 本报告依据《可转换公司债券管理办法》（以下简称"《管理办法》"）、 《航天宏图信息技术股份有限公司 2022 年度向不特定对象发行可转换公司债券 之受托管理协议》（以下简称"《受托管理协议》"）、《航天宏图信息技术股 份有限公司向不特定对象发行可转换公司债券募集说明书》（以下简称"《募集 说明书》"）等相关公开信息披露文件、第三方中介机构出具的专业意见等，由 本次债券受托管理人国信证券股份有限公司（以下简称"国信证券"）编制。国 信证券对本报告中所包含的从上述文件中引述的内容和信息未进行独立验证，也 不就该等引述内容和信息的真实性、准确性和完整性做出任何保证或承担任何责 任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为国信证券所作的 ...

| 证券代码：688066 | 证券简称：航天宏图 | 公告编号：2026-007 | | --- | --- | --- | | 债券代码：118027 | 债券简称：宏图转债 | | 航天宏图信息技术股份有限公司 关于"宏图转债"评级调整公告 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、准确性和完整性依法承担法律责任。 重要内容提示： | 调整前债券评级："BBB" | 主体评级："BBB" | 评级展望：负面 | | --- | --- | --- | | 调整后债券评级："BB+" | 主体评级："BB+" | 评级展望：负面 | 根据《上市公司证券发行注册管理办法》等有关规定，航天宏图信息技术股 份有限公司（以下简称"公司"）委托信用评级机构中诚信国际信用评级有限责 任公司（以下简称"中诚信国际"）对公司 2022 年 11 月 28 日发行的"宏图转债" 进行了跟踪信用评级。 公司前次主体信用评级结果为"BBB"；"宏图转债"前次评级结果为"BBB"； 评级机构为中诚信国际，评级时间为 2025 年 11 月 11 日。 评级机构中诚信国际 ...

China Chengxin International Credit Rating Co.,Ltd. [2026]069 中诚信国际关于调降航天宏图信息技术股份有限公司 主体及相关债项信用等级的公告 航天宏图信息技术股份有限公司（以下简称"航天宏图"或"公司"）及其目前 存续的"宏图转债"由中诚信国际信用评级有限责任公司（以下简称"中诚信国 际"）进行相关信用评级工作。2025 年 11 月 11 日，中诚信国际出具了《中诚 信国际关于调降航天宏图信息技术股份有限公司主体及相关债项信用等级的公 告》，将公司主体信用等级由 BBB+调降至 BBB，维持评级展望为负面；将"宏 图转债"的信用等级由 BBB+调降至 BBB，有效期为受评债券存续期。 2026 年 1 月 30 日公司发布的《航天宏图信息技术股份有限公司 2025 年年 度业绩预告》及《航天宏图信息技术股份有限公司关于公司股票可能被实施退市 风险警示的第一次风险提示性公告》（以下简称"公告"）显示，经公司财务部 门初步测算并与年审会计师沟通，公司预计 2025 年年度归属于母公司所有者的 净利润为-103,000.00 万元左右，预计 2025 年 ...

航天宏图公告称，2022年公司向不特定对象发行可转换公司债券10.09亿元，简称"宏图转债"，期限6 年，票面利率第一年0.4%，逐年递增至第六年3%，初始转股价格88.91元/股，当前调整为40.94元/股。 2026年公司披露2025年业绩预告，预计净利润亏损10.3亿元，扣非后亏损10.8亿元，期末净资产预计 为-2.8亿元，公司股票可能被实施退市风险警示。中诚信国际将公司主体及"宏图转债"信用等级由BBB 调降至BB+，评级展望负面。 ...

Group 1 - The commercial aerospace sector is experiencing a strong upward trend, with several companies showing significant gains [2] - Top performers include Dinggu Jichuang and Hangxiao Steel Structure, both reaching the daily limit increase [2] - Other companies such as Leike Defense, Hangyu Micro, Jiuding New Materials, Aerospace Hongtu, and Xinle Energy are also seeing positive movements in their stock prices [2]