证券代码：688237 证券简称：超卓航科 公告编号：2025-061 湖北超卓航空科技股份有限公司 2025 年前三季度计提信用减值损失及资产减值损失的公告 本公司董事会及全体董事保证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。 一、2025 年前三季度计提资产减值准备情况 根据《企业会计准则第 8 号——资产减值》（以下简称"《企业会计准则》"） 及湖北超卓航空科技股份有限公司（以下简称"公司"）会计政策、会计估计的 相关规定，为了客观、准确地反映公司截至 2025 年 9 月 30 日的财务状况及 2025 年前三季度的经营成果，基于谨慎性原则，公司对截至 2025 年 9 月 30 日合并报 表范围内的各项金融资产、存货和长期资产等进行了全面充分的评估和分析，对 存在减值迹象的相关资产计提相应的减值准备。 1 注：上表中的损失以"-"号填列。 二、计提资产减值准备事项的具体说明 （一）信用减值损失 公司以预期信用损失为基础，对应收账款、应收票据、其他应收款进行减值 测试并确认减值损失。经测试，本期计提信用减值损失金额共计 464.59 万元 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥106,226,979.76, representing a year-on-year increase of 21.62%[3] - The total profit for the quarter was ¥7,926,782.39, showing a significant increase of 66.05% compared to the same period last year[3] - The net profit attributable to shareholders was ¥6,768,584.94, up by 45.57% year-on-year[3] - The basic earnings per share for the quarter was ¥0.08, a 60.00% increase compared to the previous year[4] - Net profit for the first three quarters of 2025 was ¥11,140,597.24, down from ¥19,994,993.83 in 2024, indicating a decline of approximately 44.2%[20] - Total comprehensive income for the period attributable to the parent company was CNY 11,140,597.24, down from CNY 19,994,993.83 in the previous period[21] - Basic and diluted earnings per share decreased to CNY 0.13 from CNY 0.22 year-over-year[21] Research and Development - Research and development expenses totaled ¥7,154,240.57, accounting for 6.73% of operating revenue, a decrease of 1.30 percentage points from the previous year[4] - Research and development expenses rose to ¥21,373,395.74, compared to ¥17,942,401.03 in the previous year, reflecting an increase of about 19.5%[19] Cash Flow - The net cash flow from operating activities was negative at -¥40,621,997.98, reflecting a 26.55% increase in cash outflow compared to the previous year[3] - Cash inflow from operating activities totaled CNY 234,473,240.62, compared to CNY 211,729,247.97 in the same period last year, representing an increase of approximately 10.3%[25] - Cash outflow from operating activities was CNY 275,095,238.60, up from CNY 243,828,701.43, leading to a net cash flow from operating activities of -CNY 40,621,997.98[25] - Cash inflow from investment activities was CNY 285,619,929.14, while cash outflow was CNY 319,625,052.91, resulting in a net cash flow from investment activities of -CNY 34,005,123.77[25] - Cash inflow from financing activities was CNY 38,831,276.92, compared to CNY 23,394,287.25 in the previous year, indicating a significant increase[26] - Net cash flow from financing activities was -CNY 21,514,756.23, an improvement from -CNY 55,075,199.36 in the same period last year[26] - The ending cash and cash equivalents balance was CNY 56,116,191.75, down from CNY 86,608,851.24 year-over-year[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,586,325,983.86, a slight decrease of 0.64% from the end of the previous year[4] - The company's total assets decreased slightly to ¥1,586,325,983.86 from ¥1,596,490,229.78, a reduction of approximately 0.7%[18] - Total liabilities increased to ¥376,075,995.37 from ¥372,291,404.61, showing a growth of about 1.0%[18] - The company's long-term equity investments decreased significantly to ¥4,287,584.95 from ¥14,393,184.14, a decline of about 70.2%[18] - The company's total equity attributable to shareholders decreased to ¥1,210,249,988.49 from ¥1,224,198,825.17, a decline of about 1.1%[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 3,531[11] - The largest shareholder, Li Yihan, holds 20,315,197 shares, representing 22.67% of total shares[11] - The company has a repurchase account holding 1,265,682 shares, accounting for 1.41% of total share capital[13] - The top 10 shareholders do not participate in margin financing or securities lending activities[13] - The company has no significant changes in shareholder structure compared to the previous period[13] - The total number of shares held by the top 10 unrestricted shareholders is 52,000,000 shares[12] - The company is indirectly controlled by Aviation Industry Corporation of China through its subsidiary, holding 4.00% of the shares[12] Challenges and Other Information - The company faced challenges in its aerospace parts manufacturing business due to aircraft maintenance cycles and limited contributions from new businesses[9] - The company reported a tax refund of CNY 5,928,421.95, compared to CNY 267,957.52 in the previous year, showing a substantial increase[24] - The company has not applied new accounting standards or interpretations for the first execution year[27]

国泰海通证券股份有限公司 关于湖北超卓航空科技股份有限公司 使用部分暂时闲置募集资金补充流动资金的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐人"）作为湖 北超卓航空科技股份有限公司（以下简称"超卓航科"、"公司"或"发行人"） 首次公开发行股票并在科创板上市的持续督导保荐机构，根据《证券发行上市保 荐业务管理办法》《上市公司募集资金监管规则》《上海证券交易所科创板股票上 市规则》《上海证券交易所科创板上市公司自律监管指引第1号——规范运作》等 有关规定，对公司使用部分闲置募集资金补充流动资金的事项进行了核查，具体 情况如下： 一、募集资金基本情况 1 （公告编号：2024-041）及《关于变更募投项目投资总额并结项并将节余募集资 金继续存放于募集资金专户及将超募资金的节余资金永久补充流动资金的公告》 （公告编号：2025-032）等文件，公司调整后募集资金投资项目基本情况如下： 注：上表"募集资金实际累计投入金额"系截至 2025 年 6 月 30 日的累计投入金额。 截至 2025 年 9 月 30 日，公司尚未使用的募集资金余额为 13,940.23 万元（含 利息扣减手续费后的净额 ...

Core Insights - The company reported third-quarter revenue of 106 million, representing a year-on-year increase of 21.62% [1] - The net profit for the third quarter was 6.7686 million, showing a year-on-year growth of 45.57% [1] - For the first three quarters, the total revenue reached 271 million, reflecting a year-on-year increase of 0.74% [1] - The net profit for the first three quarters was 11.1406 million, which is a year-on-year decline of 44.28% [1] Financial Performance - Third-quarter revenue: 106 million, up 21.62% year-on-year [1] - Third-quarter net profit: 6.7686 million, up 45.57% year-on-year [1] - Year-to-date revenue: 271 million, up 0.74% year-on-year [1] - Year-to-date net profit: 11.1406 million, down 44.28% year-on-year [1]

Market Overview - The aviation equipment sector rose by 0.91% on October 21, with Filihua leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Filihua (300395) saw a significant increase of 14.17%, closing at 80.50 with a trading volume of 426,500 shares [1] - Other notable performers included Hangxin Technology (300424) with a 6.02% increase, and Hangyu Technology (688239) with a 4.42% increase [1] - The table below summarizes the performance of key stocks in the aviation equipment sector: | Code | Name | Closing Price | Change (%) | Volume (thousand) | |--------|--------------|---------------|------------|-------------------| | 300395 | Filihua | 80.50 | 14.17 | 426.5 | | 300424 | Hangxin Tech | 17.79 | 6.02 | 248.6 | | 688239 | Hangyu Tech | 43.67 | 4.42 | 48.3 | | 920642 | Tongyi Aerospace | 14.97 | 2.46 | 20.1 | | 002297 | Boyun New Material | 9.00 | 2.39 | 471.7 | | 603261 | *ST Lihang | 21.10 | 2.23 | 12.5 | | 300034 | Steel Research | 16.38 | 2.12 | 120.9 | | 920006 | Shengcao Technology | 27.85 | 1.94 | 11.3 | | 688287 | *ST Guandian | 4.78 | 1.92 | 14.9 | | 002625 | Guangqi Technology | 46.78 | 1.92 | 189.7 | [1] Capital Flow - The aviation equipment sector experienced a net inflow of 601 million yuan from institutional investors, while retail investors saw a net outflow of 454 million yuan [2] - The following table outlines the capital flow for key stocks: | Code | Name | Institutional Net Inflow (yuan) | Institutional Net Ratio | Retail Net Inflow (yuan) | Retail Net Ratio | |--------|--------------|----------------------------------|-------------------------|--------------------------|------------------| | 300395 | Filihua | 439 million | 13.32% | -83.56 million | -10.78% | | 688122 | Western Superconductor | 92.06 million | 7.09% | -36.26 million | -4.30% | | 300424 | Hangxin Tech | 54.02 million | 12.49% | -798,450 | -10.64% | | 600893 | Aero Engine | 47.64 million | 7.85% | 390,730 | -8.50% | | 688237 | Superlative Aerospace | 28.34 million | 18.13% | 530,500 | -21.53% | [3]

Core Viewpoint - The aviation equipment sector experienced a slight increase of 0.08% on October 20, with notable gains from individual stocks, particularly Maixinlin, which surged by 8.19% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3863.89, up 0.63%, while the Shenzhen Component Index closed at 12813.21, up 0.98% [1] - Maixinlin led the aviation equipment sector with a closing price of 62.65 and a rise of 8.19%, with a trading volume of 62,300 shares and a transaction value of 388 million yuan [1] - Other notable performers included ST Lihang, which rose by 4.98%, and Super Aerospace Technology, which increased by 4.97% [1] Group 2: Stock Performance Summary - A detailed table of stock performance shows various companies in the aviation equipment sector, with their closing prices, percentage changes, trading volumes, and transaction values [1][2] - The sector saw a net outflow of 778 million yuan from major funds, while retail investors contributed a net inflow of 545 million yuan [2] Group 3: Fund Flow Analysis - The fund flow analysis indicates that major funds had a net outflow from several stocks, including Feilihua, which saw a net inflow of 94.19 million yuan from major funds but a net outflow from retail investors [3] - ST Lihang and ST Lian Shi also experienced significant net inflows from retail investors despite overall negative trends in major fund flows [3]

Market Overview - The automotive thermal management sector declined by 1.86%, ranking among the top declines in concept sectors as of the market close on October 13 [1] - Within this sector, companies such as Hengshuai Co., Zhejiang Rongtai, and Jingwei Hengrun experienced significant declines, while 18 stocks saw price increases, with Hunan Tianyan, Changying Tong, and Keda Guochuang leading with gains of 6.67%, 6.55%, and 4.51% respectively [1] Concept Sector Performance - The top-performing concept sectors included Rare Earth Permanent Magnets with a gain of 6.92%, and Military Equipment Restructuring Concept with a gain of 3.51% [2] - The automotive thermal management sector was among the laggards, with a decline of 1.86%, alongside other sectors like AI PC and Decelerators [2] Capital Flow Analysis - The automotive thermal management sector saw a net outflow of 1.94 billion yuan, with 91 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 100 million yuan [2] - The leading stock for net outflow was Sanhua Intelligent Control, with a net outflow of 354 million yuan, followed by Top Group and Huagong Technology with outflows of 251 million yuan and 222 million yuan respectively [2] Notable Stocks in Automotive Thermal Management - Key stocks with significant net outflows included: - Sanhua Intelligent Control: -5.23% with a turnover rate of 5.92% and a net outflow of 353.60 million yuan - Top Group: -4.97% with a turnover rate of 3.39% and a net outflow of 251.08 million yuan - Huagong Technology: -3.19% with a turnover rate of 6.05% and a net outflow of 222.13 million yuan [3][4] Stocks with Positive Capital Inflows - Stocks with notable net inflows included: - Midea Group: 3.59 billion yuan - Feirongda: 57.68 million yuan - Sixuan New Materials: 53.25 million yuan [2][6]

Group 1 - The stock of Chaozhuo Aviation Technology Co., Ltd. (超卓航科) fell by 1.93% on October 10, with a trading volume of 74.64 million yuan [1] - On the same day, the company had a financing purchase amount of 12.54 million yuan and a financing repayment of 10.18 million yuan, resulting in a net financing purchase of 2.36 million yuan [1] - As of October 10, the total financing and securities lending balance for the company was 73.60 million yuan, which accounts for 1.50% of the circulating market value and is at a high level compared to the past year [1] Group 2 - Chaozhuo Aviation Technology Co., Ltd. was established on November 15, 2006, and went public on July 1, 2022, primarily engaged in the maintenance of airborne equipment for both military and civilian aircraft [2] - The main business revenue composition includes: 35.98% from aerospace components and consumables additive manufacturing, 29.36% from new energy vehicle parts manufacturing, 18.26% from precision equipment and parts manufacturing, 13.91% from airborne equipment maintenance, and 2.50% from sales of aviation materials and others [2] - For the first half of 2025, the company reported an operating income of 164 million yuan, a year-on-year decrease of 9.32%, and a net profit attributable to shareholders of 4.37 million yuan, down 71.51% year-on-year [2] Group 3 - Since its A-share listing, Chaozhuo Aviation Technology has distributed a total of 60.07 million yuan in dividends [3]

Market Performance - On September 22, the aviation equipment sector rose by 0.3%, led by Chaozhuo Aerospace Technology, which increased by 7.70% to a closing price of 57.51 [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Individual Stock Performance - Notable gainers included: - Chaozhuo Aerospace Technology (688237) with a closing price of 57.51 and a rise of 7.70% [1] - Zongheng Co., Ltd. (688070) with a closing price of 54.40 and a rise of 5.88% [1] - Jialiqi (301586) with a closing price of 53.60 and a rise of 4.63% [1] - Other stocks with positive performance included: - *ST Guanqu (688287) up 2.39% [1] - AVIC Shenyang Aircraft (600760) up 2.07% [1] Fund Flow Analysis - The aviation equipment sector experienced a net outflow of 600 million yuan from institutional investors, while retail investors saw a net inflow of 670 million yuan [2] - The overall fund flow indicates a mixed sentiment, with institutional investors withdrawing capital while retail investors increased their positions [2] Detailed Fund Flow for Selected Stocks - Jialiqi (301586) had a net inflow of 29.22 million yuan from institutional investors, indicating strong interest [3] - Chaozhuo Aerospace Technology (688237) saw a net inflow of 9.21 million yuan from institutional investors, despite a slight outflow from retail investors [3] - Other stocks like *ST Guandian (688287) and AVIC Technology (600391) also showed varying levels of net inflow and outflow, reflecting diverse investor behavior within the sector [3]

Core Viewpoint - The company has adjusted the grant price of the 2022 restricted stock incentive plan from 32.03 yuan per share to 31.35 yuan per share due to the implementation of cash dividends [2][9][19]. Group 1: Adjustment Details - The adjustment was approved during the fourth board meeting on September 16, 2025, following the relevant procedures outlined in the incentive plan [2][19]. - The adjustment is based on the company's profit distribution plans for 2023 and 2024, which involved cash dividends of 3.40 yuan per 10 shares, totaling 30,034,793.52 yuan [9][10][19]. - The formula used for the adjustment is P = P0 - V, where P0 is the original grant price, V is the cash dividend per share, resulting in the new grant price of 31.35 yuan per share [11][12]. Group 2: Compliance and Impact - The adjustment complies with the relevant laws and regulations, including the "Management Measures for Equity Incentives of Listed Companies" [13][14]. - The company asserts that this adjustment will not have a substantial impact on its financial status or operational results [13]. - The remuneration and assessment committee has confirmed that the adjustment process is legal and does not harm the interests of the company or its shareholders [14][15].