关于湖北超卓航空科技股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐机构名称：国泰海通证券股份有限公司 | 被保荐公司简称：超卓航科 | | --- | --- | | 保荐代表人姓名：陈兴跃、陈邦羽 | 被保荐公司代码：688237 | 重大事项提示 湖北超卓航空科技股份有限公司（以下简称"上市公司"、"公司"或"发 行人"）2025 年 1-6 月归属于上市公司股东的净利润为 437.20 万元，较上年同 期下滑 71.51%，主要原因系：①航空航天零部件及耗材增材制造业务受飞机维 修周期影响及新业务尚未起量，对经营业绩贡献有限；②受客户业务周期以及关 税等影响板带成型加工精密设备及零件制造业务的利润同比下降；③利息收入减 少导致财务费用上涨。 国泰海通证券股份有限公司 经中国证券监督管理委员会《关于同意湖北超卓航空科技股份有限公司首次 公开发行股票注册的批复》（证监许可[2022]850 号）批复，公司首次公开发行 股票 2,240.0828 万股，每股面值人民币 1 元，每股发行价格人民币 41.27 元，募 集资金总额为人民币 92,448.22 万元，扣除发行费用后，实际募集资金净额为人 ...

中航证券有限公司 关于湖北超卓航空科技股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐机构名称：中航证券有限公司 | 被保荐公司简称：超卓航科 | | --- | --- | | 保荐代表人姓名：郭卫明、孙捷 | 被保荐公司代码：688237 | 重大事项提示 湖北超卓航空科技股份有限公司（以下简称"上市公司"、"公司"或"发 行人"）2025 年 1-6 月归属于上市公司股东的净利润为 437.20 万元，较上年同 期下滑 71.51%，主要原因系：①航空航天零部件及耗材增材制造业务受飞机维 修周期影响及新业务尚未起量，对经营业绩贡献有限；②受客户业务周期以及关 税等影响板带成型加工精密设备及零件制造业务的利润同比下降；③利息收入减 少导致财务费用上涨。 经中国证券监督管理委员会《关于同意湖北超卓航空科技股份有限公司首次 公开发行股票注册的批复》（证监许可[2022]850 号）批复，公司首次公开发行 股票 2,240.0828 万股，每股面值人民币 1 元，每股发行价格人民币 41.27 元，募 集资金总额为人民币 92,448.22 万元，扣除发行费用后，实际募集资金净额为人 民币 80,85 ...

Core Insights - The aviation equipment sector experienced a significant increase of 2.26% on September 11, with Mai Xinlin leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Sector Performance - Mai Xinlin (688685) saw a closing price of 58.45, with a remarkable increase of 12.40% and a trading volume of 79,800 shares, amounting to a transaction value of 454 million [1] - Other notable performers included: - Feili Hua (300395) with a closing price of 90.59, up 8.86%, trading 415,000 shares for a total of 3.79 billion [1] - Chaozhuo Hangke (688237) at 51.00, up 3.91%, with a transaction value of 110 million [1] - Guangqi Technology (002625) at 47.24, up 3.21%, with a transaction value of 1.82 billion [1] Fund Flow Analysis - The aviation equipment sector experienced a net outflow of 354 million from institutional investors and 244 million from speculative funds, while retail investors contributed a net inflow of 597 million [1] - Specific stock fund flows included: - Guangqi Technology (002625) with a net inflow of 91.29 million from institutional investors, but a net outflow of 33.93 million from speculative funds [2] - Li Jun Shares (002651) had a net inflow of 55.45 million from institutional investors, with a net outflow of 20.93 million from speculative funds [2] - Hai Te Gao Xin (002023) saw a net inflow of 28.31 million from institutional investors, while speculative funds had a net outflow of 18.02 million [2]

Market Performance - On September 5, the aviation equipment sector rose by 1.4%, led by Chaozhuo Aerospace Technology, which increased by 10.66% [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Chaozhuo Aerospace Technology (688237) closed at 47.03 with a gain of 10.66% and a trading volume of 56,800 shares [1] - Filihua (300395) closed at 85.28, up 6.29%, with a trading volume of 265,900 shares [1] - Hengyu Xintong (300965) closed at 65.98, up 5.16%, with a trading volume of 18,700 shares [1] - Hangyu Technology (688239) closed at 38.08, up 4.47%, with a trading volume of 61,800 shares [1] - Other notable performers include Haitai Gaoxin (002023) up 3.51% and Zhonghang Heavy Machinery (600765) up 2.78% [1] Capital Flow - The aviation equipment sector saw a net inflow of 203 million yuan from institutional investors, while retail investors experienced a net outflow of approximately 85.66 million yuan [2][3] - The main capital inflow was observed in Guangqi Technology (002625) with a net inflow of 248 million yuan, while Filihua (300395) had a net inflow of 173 million yuan [3] Summary of Trading Data - The trading volume and turnover for key stocks in the aviation equipment sector indicate strong investor interest, with significant movements in both institutional and retail capital [2][3] - The overall market sentiment appears positive, reflected in the gains across multiple stocks within the sector [1][2]

Core Viewpoint - The aviation equipment sector experienced a slight increase of 0.52% on August 29, with Chaotuo Aerospace leading the gains. The Shanghai Composite Index rose by 0.37% to close at 3857.93, while the Shenzhen Component Index increased by 0.99% to 12696.15 [1]. Group 1: Stock Performance - Chaotuo Aerospace (688237) closed at 46.23, up 10.33% with a trading volume of 47,500 shares and a transaction value of 211 million yuan [1]. - Lijun Co., Ltd. (002651) closed at 15.00, up 6.76% with a trading volume of 810,600 shares and a transaction value of 1.178 billion yuan [1]. - Hengyu Xintong (300965) closed at 80.20, up 5.51% with a trading volume of 41,000 shares and a transaction value of 319 million yuan [1]. - Other notable performers include Shengnan Technology (837006) up 4.64%, Chenxi Aviation (300581) up 4.18%, and Jiachitech (688708) up 4.03% [1]. Group 2: Capital Flow - The aviation equipment sector saw a net outflow of 300 million yuan from main funds, while retail funds experienced a net inflow of 379 million yuan. Additionally, there was a net outflow of 78.9368 million yuan from individual investors [3].

Group 1 - The stock of Chaozhuo Aviation Technology increased by 2.20% on August 28, with a trading volume of 264 million yuan [1] - On the same day, the financing purchase amount was 30.78 million yuan, while the financing repayment was 13.20 million yuan, resulting in a net financing purchase of 17.58 million yuan [1] - As of August 28, the total balance of margin trading for Chaozhuo Aviation Technology was 80.61 million yuan, accounting for 2.15% of the circulating market value, indicating a high level compared to the past year [1] Group 2 - Chaozhuo Aviation Technology, established on November 15, 2006, is located in Xiangyang, Hubei Province, and was listed on July 1, 2022 [2] - The company's main business includes maintenance of airborne equipment for both military and civilian aircraft, with revenue composition as follows: 39.27% from aerospace components and consumables, 24.61% from new energy vehicle components, 22.59% from precision equipment processing, and 11.29% from airborne equipment maintenance [2] - For the first half of 2025, the company reported operating revenue 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]

Group 1 - The stock of Chaozhuo Aerospace (688237) closed at 41.00 yuan on August 27, with an increase of 18.09%, a turnover rate of 10.55%, and a price fluctuation of 20.13%, resulting in a transaction volume of 375 million yuan [2] - The stock was listed on the daily trading list due to its closing price increase of 15% [2] - The top five trading departments accounted for a total transaction volume of 210 million yuan, with a net sell of 43.08 million yuan [2] Group 2 - The leading buying department was Huaxin Securities' Shanghai Lianhua Road branch, with a purchase amount of 24.99 million yuan, followed by Kaiyuan Securities' Xi'an West Street branch with 21.70 million yuan [3] - The top selling department was Guotou Securities' Jieyang branch, with a selling amount of 85.81 million yuan [3] - The net inflow of main funds for the stock on August 27 was 71,200 yuan [3]

Core Points - The aviation equipment sector experienced a decline of 1.69% on August 27, with Hengyu Xintong leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Stock Performance Summary - Chaozhuo Hangke (688237) saw a significant increase of 18.09%, closing at 41.00 [1] - Guangqi Technology (002625) increased by 3.87%, closing at 55.04 [1] - Other notable declines include Hengyu Xintong (300965) down 5.98% to 72.96 and Chenxi Aviation (300581) down 5.85% to 21.10 [2] Trading Volume and Capital Flow - The aviation equipment sector had a net outflow of 2.067 billion yuan from main funds, while retail investors saw a net inflow of 1.83 billion yuan [2][3] - The trading volume for Chaozhuo Hangke was 94,500 shares, with a transaction value of 375 million yuan [1] Individual Stock Capital Flow - Hangcai Co. (688563) had a main fund net inflow of 21.15 million yuan, but retail investors had a net outflow of 15.74 million yuan [3] - Other stocks like ST Lian Shi (000697) experienced a main fund net outflow of 1.5474 million yuan [3]

Group 1 - The stock price of Chaozhuo Aerospace on August 26 closed at 34.72 yuan, down 2.94% from the previous trading day [1] - The trading volume on that day was 18,512 lots, with a transaction amount of 0.65 billion yuan, resulting in a turnover rate of 2.07% [1] - The company's current total market capitalization is 3.111 billion yuan, with a price-to-earnings ratio of 355.79 times [1] Group 2 - Chaozhuo Aerospace operates in the aerospace sector, primarily engaged in the research, development, production, and sales of aviation components and related products [1] - The company's products are widely used in both military and civil aviation fields, demonstrating strong technical research and development capabilities [1] Group 3 - On August 26, the net inflow of main funds was 3.5757 million yuan, accounting for 0.11% of the circulating market value [1] - Over the past five trading days, the cumulative net inflow of main funds reached 4.1335 million yuan, representing 0.13% of the circulating market value [1]

Group 1 - The core viewpoint of the news is that 超卓航科 has seen a significant increase in shareholder accounts and stock price performance over the recent quarter, indicating positive investor sentiment [1][2]. - As of June 30, 2025, the number of shareholders for 超卓航科 reached 4,683, an increase of 807 accounts or 20.82% compared to March 31, 2025 [1][2]. - The average shareholding value per account for 超卓航科 is 559,300 yuan, which is higher than the industry average of 430,800 yuan for A-share listed companies in the aviation equipment sector [1][2]. Group 2 - From March 31, 2025, to June 30, 2025, 超卓航科's stock price increased by 21.1%, coinciding with the increase in shareholder accounts [1][2]. - The average number of shares held per account decreased from 23,100 shares to 19,100 shares during the same period [1][2]. - In terms of capital flow, during the same period, the main funds experienced a net outflow of 39.88 million yuan, while retail funds saw a net outflow of 1.91 million yuan [2].