| 证券代码：688066 | 证券简称：航天宏图 | 公告编号：2025-085 | | --- | --- | --- | | 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 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 12 月 5 日（星期五）下午 16:00-17:00 会议召开平台：上海证券交易所上证路演中心 （https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络文字互动 （三）会议召开方式：上证路演中心网络文字互动 投资者可于 2025 年 12 月 4 日（星期四）16:00 前登录上证路演中心网站 首页点击"提问预征集"栏目或通过公司邮箱 ir@piesat.cn 进行提问。公司将 在说明会上对投资者普遍关注的问题进行回答。 航天宏图信息技术股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日在上海证券交易所网站（www. ...

Core Viewpoint - The A-share market showed a positive trend with all major indices turning red after consolidation, particularly in the energy metals, military electronics, and commercial aerospace sectors, driven by the opening of the 2025 Asia General Aviation Exhibition in Zhuhai, which showcased new low-altitude economic applications and aimed to promote the integration of general aviation and low-altitude economy across the entire industry chain [1]. Group 1: Market Performance - The General Aviation ETF (159230) rose by 1.11%, with key holdings such as Aerospace Hongtu increasing by 6.98% [1]. - The Aerospace ETF (159227) experienced a gain of 0.45% [1]. Group 2: Industry Developments - The 2025 Asia General Aviation Exhibition featured the debut of multiple low-altitude economic application products and initiated the 14th China Innovation and Entrepreneurship Competition focused on the low-altitude economy [1]. - The exhibition provided a platform for showcasing low-altitude solutions in various fields, including transportation, aerial logistics, low-altitude inspections, and emergency rescue [1]. Group 3: Market Insights - According to Haitong International's research report, the global general aviation market demonstrated resilience in the first half of 2025, with aircraft deliveries increasing by 4.3% year-on-year and market size growing by 9.9%, indicating a "stable volume and increasing price" trend [1]. - The market structure is showing differentiation, with steady demand for piston aircraft, and there are optimistic views on leading companies' market share growth, the increasing proportion of high-end models, and investment opportunities arising from new technologies such as electric vertical takeoff and landing (eVTOL) [1]. Group 4: Related Products - The General Aviation ETF (159230) tracks the National General Aviation Industry Index, focusing on low-altitude economy sectors, covering areas such as aviation materials, infrastructure, aircraft manufacturing, operational services, and application scenarios, with a low-altitude economy content of 86.06% [2]. - The Aerospace ETF (159227) closely follows the National Aerospace Index, with a high concentration of 98.2% in the military industry, covering key industry chain segments such as aviation equipment, aerospace equipment, satellite navigation, and new materials, with a significant weight of 54% in the commercial aerospace concept [2].

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report highlights the continuous prosperity of the AI industry, with significant breakthroughs in domestic AI applications and the acceleration of AI deployment [3][5] - The commercial aerospace sector is expected to enter a high-speed development phase, driven by the newly released three-year action plan aiming for high-quality development by 2027 [5][8] - The establishment of the Commercial Aerospace Department signifies the government's strong emphasis on the commercial aerospace sector [6] Summary by Sections Industry Overview - The report indicates a projected significant growth in the commercial aerospace industry, with a focus on high-quality development and effective market governance [5][8] Key Developments - The first flight of the reusable Zhuque-3 rocket by Beijing Blue Arrow Aerospace is scheduled for November 29, marking a critical advancement in domestic reusable rocket technology [7] - The progress of two national low-orbit satellite internet constellations, with the National Grid Constellation having launched 13 groups of satellites and plans for a total of approximately 1,300 satellites by 2029 [7] Investment Recommendations - Recommended companies include Zhongke Xingtu, Aerospace Hongtu, Putian Technology, and Yaxin Security, with beneficiaries such as Xingtuxi Control, Jiayuan Technology, and Shengbang Security [8]

Core Viewpoint - The space-time big data sector is leading the market with a rise of 1.38%, driven by significant gains in several key companies [1] Company Performance - Aerospace Hongtu has increased by 6.02% [1] - Zhongke Xingtu has seen a rise of 4.47% [1] - Hangyuwei has grown by 4.14% [1] - China Satellite has risen by over 2% [1]

Group 1 - The core viewpoint is that the Commercial Space Action Plan has been introduced, aiming for high-quality development of the commercial space sector by 2027 [2] - The National Space Administration has issued the "Action Plan for Promoting High-Quality and Safe Development of Commercial Space (2025-2027)", emphasizing the need for a new development pattern and the integration of commercial space into the national space development framework [2] - By 2027, the commercial space industry is expected to achieve efficient collaboration, significant growth in scale, enhanced innovation, and improved governance capabilities [2] Group 2 - The establishment of a dedicated Commercial Space Department is in the substantive planning stage, as indicated by the creation of a regulatory position within the National Defense Science and Technology Industry Administration [2][3] - The new department will focus on policy research, project management, coordination of major issues, and safety supervision in the commercial space sector, reflecting the government's commitment to this field [2] Group 3 - The first flight of the reusable Zhuque-3 rocket by Beijing Blue Arrow Aerospace is scheduled for November 29, marking a significant advancement in domestic reusable rocket technology [3] - The construction of two national low-orbit satellite internet constellations, the Guowang Constellation and the Qianfan Constellation, is progressing ahead of schedule, with Guowang having launched 13 groups of satellites and plans to deploy approximately 1,300 satellites by the end of 2029 [3] - The Qianfan Constellation has successfully deployed 6 groups of satellites, achieving a total of 108 satellites in orbit, and aims to provide regional and global network coverage through phased deployment [3] Group 4 - Investment recommendations include companies such as Zhongke Xingtou, Aerospace Hongtu, Putian Technology, and Yaxin Security, with beneficiaries including Xingtou Measurement and Control, Jiayuan Technology, Shengbang Security, Shanghai Port Bay, and Aerospace Power [3]

Core Viewpoint - The commercial aerospace sector in the A-share market has shown significant activity, driven by the National Space Administration's recent action plan for high-quality and safe development in commercial aerospace from 2025 to 2027, which aims to enhance the industry's overall layout and achieve substantial growth and innovation [1] Summary by Category Market Activity - The commercial aerospace stocks experienced notable increases, with Qianzhao Optoelectronics rising over 19%, Xinle Energy up over 11%, and Shunhao Co. and Tongyu Communication hitting the 10% limit up [1] - Other companies such as Yaguang Technology and Tianrun Technology saw increases of over 6%, while Huali Chuantong and Aerospace Hongtu rose over 5% [1] Company Performance - Qianzhao Optoelectronics: Increased by 19.57%, with a total market value of 17.5 billion and a year-to-date increase of 84.10% [2] - Xinle Energy: Increased by 11.62%, with a market value of 14.5 billion and a year-to-date increase of 138.48% [2] - Shunhao Co.: Increased by 10.00%, with a market value of 8.512 billion and a year-to-date increase of 166.22% [2] - Tongyu Communication: Increased by 9.99%, with a market value of 12.5 billion and a year-to-date increase of 60.03% [2] - Other notable performers include Yaguang Technology (6.67%), Tianrun Technology (6.74%), Huali Chuantong (5.56%), and Aerospace Hongtu (5.10%) [2]

Core Viewpoint - The space big data sector is leading the market with a rise of 1.38% [1] Group 1: Company Performance - Aerospace Hongtu increased by 6.02% [1] - Zhongke Star Map rose by 4.47% [1] - Aerospace Microelectronics saw a rise of 4.14% [1] - China Satellite experienced an increase of over 2% [1]

| 证券代码：688066 | 证券简称：航天宏图 | 公告编号：2025-084 | | --- | --- | --- | | 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 减持计划的主要内容 黄泳波先生因个人资金需求，拟自本减持计划公告披露之日起 15 个交易日 后的 3 个月内（窗口期以及有关法律、行政法规、规范性文件规定的不得减持股 份的期间除外），通过上海证券交易所证券交易系统以集中竞价交易方式减持公 司股份 5,000 股，占公司总股本 261,277,771 股的 0.0019%，且减持股数不超过其 本人上年末持股总数的 25%，减持价格将按照减持实施时的市场价格确定。 公司于近日收到黄泳波先生出具的《股份减持计划告知函》，现将有关情况 公告如下： 关于董事兼高级管理人员减持股份计划公告 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、准确性和完整性依法承担法律 责任。 重要内容提示： 持股的基本情况 截至本公告披露日，航天宏图信息技术股份有限公司（以下简称"公司"）董 事兼高级管理人员黄泳 ...

Summary of Key Points Core Viewpoint - On November 27, several A-share listed companies disclosed their shareholding changes, with notable increases in holdings from some companies and reductions from others, indicating varying levels of confidence among stakeholders in the market [1]. Group 1: Shareholding Increases - Mindray Medical's actual controller and chairman, Li Xiting, plans to increase his stake in the company by 200 million yuan [2]. - Everbright Bank saw Citic Financial Assets increase its holdings in both A-shares and H-shares by a total of 1% from July 24 to November 27 [2]. - MaiDe Medical's chairman and actual controller, Lin Junhua, proposed a share buyback plan ranging from 20 million to 40 million yuan [2]. Group 2: Shareholding Reductions - Yonghe Intelligent Control's shareholders plan to collectively reduce their holdings by no more than 3.29% [2]. - Perfect World’s actual controller, Chi Yufeng, intends to reduce his stake by no more than 1.70% [2]. - XueNeng Technology's shareholder, Shanghang Xingyuan, plans to reduce holdings by no more than 1.6816% [2]. - Hongxiang New Materials' controlling shareholder, Hongbo Chemical, has cumulatively reduced its stake by 3% recently [2]. - Nearshore Protein's shareholders plan to collectively reduce their holdings by no more than 0.1997% [2]. - Aerospace Hongtu's director and executive, Huang Yongbo, plans to reduce his stake by no more than 0.0019% [2]. - Yidelong's shareholder, Wang Ming, intends to reduce his holdings by no more than 2% [2]. - Zhongman Petroleum's shareholders plan to collectively reduce their holdings by no more than 3% [2]. - Innovation New Materials' shareholder, Hualian Group, plans to reduce its stake by no more than 1% [2]. - Saiwei Electronics has seen the National Integrated Circuit Industry Investment Fund reduce its holdings by 6.4278 million shares [2]. - Zhongzhi Technology's shareholder, Zhongzhi Investment, plans to reduce its stake by no more than 0.76% [2]. - Jiangsu Boyun's shareholder, Lansan Venture Capital, intends to reduce its holdings by no more than 1% [2]. - Huasheng Lithium's deputy general manager, Zhang Conghe, plans to reduce his stake by no more than 0.31% [2]. - Huasheng Electric's shareholder, Dunxing Jucai, reduced its holdings by 444,500 shares between November 25 and 27 [2]. - Matrix Technology's shareholder, Li Jun, plans to reduce his stake by no more than 0.22% [2].

Major Announcements - Glacier Network plans to sign an exclusive overseas agency agreement with Chengdu Time Race Technology Co., Ltd., a 14% owned affiliate, for the promotion and operation of "Magic War" [3] - Nairui Radar intends to acquire 100% equity of Tianjin Sigma Microelectronics Technology Co., Ltd. through a combination of share issuance and cash payment [4] - Howie Group's wholly-owned subsidiary, Shaoxing Wehao, plans to invest 200 million yuan in a private equity fund, holding an 18.39% stake [5] - Hekang New Energy's subsidiary received a government subsidy of 6 million yuan, accounting for 58.27% of the company's latest audited net profit attributable to shareholders [6] - Yanzhou Coal Mining plans to acquire 100% equity of a high-end support manufacturing company for 345 million yuan, constituting a related party transaction [7] Termination of Cooperation - Jincheng Pharmaceutical has decided to terminate its intention to cooperate with Dutch company Giskit regarding the exclusive commercialization rights of ExEm® Foam in China due to lack of substantial progress in negotiations [9] Mining License Acquisition - Hunan Gold's subsidiary Xinshao Siwei has obtained a mining license for the Xinshao County Tanxi Tungsten Mine, with an annual production capacity of 990,000 tons [10] Share Buybacks - Visionox has initiated a share buyback of 1.6607 million shares for approximately 15 million yuan, with a maximum price of 14.8 yuan per share [11] - Koli completed a share buyback amounting to 10.9949 million yuan, acquiring 845,700 shares at prices between 12.89 and 13.13 yuan per share [12] - Maide Medical's chairman proposed a share buyback plan with a total amount between 20 million and 40 million yuan [13] Shareholding Changes - Funeng Technology's shareholder plans to reduce its stake by up to 1.6816%, totaling no more than 20.551 million shares [14] - Aerospace Hongtu's director intends to sell up to 5,000 shares due to personal financial needs [15] Project Wins - Anhui Construction has won two projects with a total bid price of 2.603 billion yuan, with the company's share being approximately 600 million yuan [16][17]