贵州航宇科技发展股份有限公司 第五届监事会第22次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 依据《中华人民共和国公司法》（以下简称"《公司法》"）《贵州航宇科 技发展股份有限公司章程》（以下简称"《公司章程》"）《贵州航宇科技发展 股份有限公司监事会议事规则》之规定，贵州航宇科技发展股份有限公司（以下 简称"公司"）第五届监事会第 22 次会议于 2025 年 4 月 28 日举行。会议由监 事会主席周佩女士主持，本次与会监事共 3 名，全体监事知悉本次会议的审议事 项，并充分表达意见。会议的召集、召开和表决程序符合《公司法》和《公司章 程》的有关规定。 二、监事会会议审议情况 经参会监事认真讨论并表决，形成以下决议： 1、审议通过了《关于公司<2025 年第一季度报告>的议案》 经核查，监事会认为：公司 2025 年第一季度报告的编制和审核程序符合法 律、行政法规及中国证监会的规定，报告内容真实、准确、完整地反映了公司的 实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏，同意 ...

证券代码：688239 证券简称：航宇科技 公告编号：2025-035 债券代码：118050 债券简称：航宇转债 贵州航宇科技发展股份有限公司 第五届董事会第27次会议决议公告 本公司董事会及全体董事保证本公告内容不存在虚假记载、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、董事会会议召开情况 依据《中华人民共和国公司法》《贵州航宇科技发展股份有限公司章程》 （以下简称"《公司章程》"）《贵州航宇科技发展股份有限公司董事会议事 规则》之规定，贵州航宇科技发展股份有限公司（以下简称"公司"）第五届 董事会第 27 次会议于 2025 年 4 月 28 日举行。会议由董事长张华先生主持，本 次与会董事共 5 名，全体董事知悉本次会议的审议事项，并充分表达意见。公 司监事会成员和高级管理人员列席了本次会议。会议的召集、召开和表决程序 符合《中华人民共和国公司法》和《公司章程》的有关规定。 本议案表决结果：同意 5 票，反对 0 票，弃权 0 票。 1 （二）审议通过了《关于 2022 年第二期限制性股票激励计划首次授予（暂 缓授予部分）第一类限制性股票第二个解除限售期解除限售 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥421,927,003.21, a decrease of 26.99% compared to ¥577,885,209.57 in the same period last year[4] - Net profit attributable to shareholders was ¥42,839,627.97, down 23.20% from ¥55,778,219.40 year-on-year[4] - The net profit after deducting non-recurring gains and losses decreased by 38.00%, amounting to ¥32,169,106.64 compared to ¥51,882,924.83 in the previous year[4] - Total operating revenue for Q1 2025 was ¥421.93 million, a decrease of 26.9% compared to ¥577.89 million in Q1 2024[16] - Net profit for Q1 2025 was ¥46.37 million, a decline of 17.1% from ¥55.84 million in Q1 2024[17] - Operating profit for Q1 2025 was ¥51.36 million, a decrease of 28.7% compared to ¥72.12 million in Q1 2024[16] - The company reported a total comprehensive income of ¥46.84 million for Q1 2025, compared to ¥56.23 million in Q1 2024, reflecting a decrease of 16.5%[17] - Basic and diluted earnings per share for Q1 2025 were both ¥0.29, down from ¥0.38 in Q1 2024[17] Cash Flow and Liquidity - The net cash flow from operating activities was ¥36,007,308.97, a significant improvement from a negative cash flow of ¥47,051,299.28 in the same period last year[5] - Cash flow from operating activities for Q1 2025 was ¥36.01 million, a significant improvement from a negative cash flow of ¥47.05 million in Q1 2024[18] - Cash and cash equivalents at the end of Q1 2025 totaled ¥449.38 million, an increase from ¥227.54 million at the end of Q1 2024[19] - The company experienced a net cash outflow from investing activities of ¥317.23 million in Q1 2025, compared to a net outflow of ¥23.82 million in Q1 2024[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,327,954,356.26, reflecting a 0.96% increase from ¥4,286,635,290.67 at the end of the previous year[5] - The company's current assets decreased to CNY 2,930,925,250.94 from CNY 2,965,233,016.86, reflecting a decline of approximately 1.16%[12] - Cash and cash equivalents dropped significantly from CNY 768,456,123.76 to CNY 471,610,417.27, a decrease of about 38.7%[12] - Accounts receivable increased slightly to CNY 1,047,883,622.62 from CNY 1,042,744,128.86, indicating a growth of approximately 0.3%[12] - Inventory rose to CNY 949,261,677.76 from CNY 889,045,989.98, representing an increase of about 6.78%[12] - Total liabilities decreased marginally to CNY 2,421,955,876.10 from CNY 2,429,734,744.66, a reduction of approximately 0.32%[14] - The company's equity attributable to shareholders increased to CNY 1,878,151,159.95 from CNY 1,834,202,898.40, reflecting a growth of about 2.39%[14] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,183, with the top ten shareholders holding a total of 32,512,355 shares, accounting for 22.00% of the total shares[9] Research and Development - Research and development expenses totaled ¥15,916,989.42, representing 3.77% of operating revenue, an increase of 0.36 percentage points from 3.41%[5] - Research and development expenses for Q1 2025 were ¥15.92 million, down 19.0% from ¥19.70 million in Q1 2024[16] Non-Recurring Items - The company reported a non-recurring gain of ¥10,670,521.33, primarily from government subsidies and other non-operating income[7] Borrowings - The company reported a decrease in short-term borrowings from CNY 272,091,377.57 to CNY 216,597,441.30, a decline of approximately 20.5%[14] - The company’s long-term borrowings increased to CNY 355,468,609.30 from CNY 296,784,055.80, an increase of about 19.7%[14] Profitability Ratios - The weighted average return on equity decreased to 2.31%, down from 3.24% in the same period last year, a decline of 0.93 percentage points[5]

重要内容提示: | 证券代码：688239 | 证券简称：航宇科技 | 公告编号：2025-037 | | --- | --- | --- | | 转债代码：118050 | 转债简称：航宇转债 | | 贵州航宇科技发展股份有限公司 关于 2022 年第二期限制性股票激励计划首次授予 （暂缓授予部分）第一类限制性股票第二个解除限售 期解除限售条件成就的公告 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个别及连带责任。 本次激励计划共授予的限制性股票数量 335.67 万股，占本次激励计划草案 公告时公司股本总额14,000万股的2.3976%。其中本次激励计划首次授予305.67 万股，占本次激励计划公告日公司股本总额 14,000 万股的 2.1834%，本次激励 计划首次授予部分占本次激励计划授予权益总额的 91.06%；本次激励计划预留 30.00 万股，占本次激励计划公告日公司股本总额 14,000 万股的 0.2143%，本次 激励计划预留部分占本次激励计划授予权益总额的 8.94%。 （二）本激励计划已履行的决策程序 1、 ...

| 证券代码：688239 | 证券简称：航宇科技 | 公告编号：2025-040 | | --- | --- | --- | | 转债代码：118050 | 转债简称：航宇转债 | | 贵州航宇科技发展股份有限公司 关于注销部分募集资金专户的公告 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。 公司在中国工商银行股份有限公司贵阳白云支行、中国建设银行股份有限公 司贵阳京瑞支行、中国农业银行股份有限公司贵阳黔灵支行、兴业银行股份有限 公司贵阳分行、中信银行股份有限公司成都分行、成都银行股份有限公司德盛支 行开设了募集资金专户。公司全资子公司四川德兰航宇科技发展有限责任公司在 成都银行股份有限公司德盛支行开设了募集资金专户。并与保荐机构中信证券股 份有限公司（以下简称"中信证券"）、存放募集资金的各商业银行分别签署了 《募集资金专户存储三方监管协议》,公司及全资子公司四川德兰航宇科技发展 有限责任公司已与保荐机构中信证券、存放募集资金的成都银行股份有限公司德 盛支行签署了《募集资金专户存储四方监管协议》，明确了各方的权利和义务 ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company reported a revenue of 1.805 billion yuan for 2024, a year-on-year decrease of 14.19%, while the net profit attributable to the parent company was 189 million yuan, an increase of 1.63% year-on-year [7] - The company has a robust order backlog, with a total order amount of 2.782 billion yuan as of the end of 2024, indicating potential growth in revenue [7] - The company is actively expanding into emerging sectors such as gas turbines, nuclear power, hydrogen energy, and marine equipment, which may contribute to future revenue growth [7] Financial Data and Profit Forecast - Total revenue is projected to increase from 2.127 billion yuan in 2025 to 2.874 billion yuan in 2027, with a compound annual growth rate of approximately 16.7% [6][8] - The net profit attributable to the parent company is expected to rise from 244 million yuan in 2025 to 374 million yuan in 2027, reflecting a strong growth trajectory [6][8] - The company's gross margin is expected to stabilize around 27.6% from 2025 to 2027, indicating effective cost control measures [6][8]

中信证券股份有限公司 关于贵州航宇科技发展股份有限公司 （3）查阅公司定期报告往来科目明细，查阅会计师出具的 2024 年度审计报 告（大信审字[2025]第 32-00010 号）、非经营性资金占用及其他关联资金往来情 况汇总表的专项审计报告（大信专审字[2025]第 32-00008 号）； 1 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为正在对 贵州航宇科技发展股份有限公司（以下简称"航宇科技"或"公司"或"上市公 司"）进行持续督导工作的保荐人，根据《证券发行上市保荐业务管理办法》、 《上海证券交易所科创板股票上市规则》等相关规定，中信证券履行持续督导职 责，并出具 2024 年度（以下简称"本持续督导期"）持续督导跟踪报告。 一、持续督导工作概述 1、保荐人制定了持续督导工作制度，制定了相应的工作计划，明确了现场 检查的工作要求。 2、保荐人已与公司签订保荐协议，该协议已明确了双方在持续督导期间的 权利义务，并报上海证券交易所备案。 3、本持续督导期间，保荐人通过与公司的日常沟通、现场回访等方式开展 持续督导工作，并于 2025 年 4 月 17 日对公司进行了现场检查。 4、本持续 ...

中信证券股份有限公司 关于贵州航宇科技发展股份有限公司 一、本次现场检查的基本情况 （一）保荐人 中信证券股份有限公司 （二）保荐代表人 李良、梁勇 （三）现场检查人员 李良 2024 年度持续督导工作现场检查报告 根据《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定，中信证券股份有限公司（以下简称"中信证券"或"保荐 人"）作为正在对贵州航宇科技发展股份有限公司（以下简称"航宇科技""公司" "上市公司"）进行持续督导工作的保荐人，对 2024 年度（以下简称"本持续督 导期间"）的规范运作情况进行了现场检查，现就现场检查的有关情况报告如下： （四）现场检查时间 2025 年 4 月 17 日 （五）现场检查内容 现场检查人员对本持续督导期内发行人公司治理和内部控制情况、信息披露 情况、公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况、 募集资金使用情况、关联交易、对外担保、重大对外投资情况、经营状况等方面 进行了现场检查，具体检查内容详见本报告"二、本次现场检查主要事项及意见"。 1 （六）现场检查手段 本次现场检查的手段主要包括资料查阅、访谈、现场查看 ...

Group 1 - The A-share market saw a strong performance in the large aircraft concept stocks, with several companies hitting the daily limit up, including Boyun New Materials (002297), Runbei Aerospace Technology, Aero Engine Corporation of China, and Lijun Shares (002651) [1] - Notable stock performances included Aileda (300696) rising over 8%, and Hangya Technology, Beimo High-tech increasing over 7% [1] - The market capitalization of the top performing stocks ranged from 19.41 billion to 252 billion, with Boyun New Materials reaching 40.17 billion and Aero Engine Corporation of China at 87.91 billion [2] Group 2 - Malaysia Airlines is considering purchasing Chinese-made aircraft, evaluating three models from COMAC: C909, C919, and C929 [2] - The AG600 received its type certificate on April 20, with future applications planned for logistics, personnel transport, ocean terrain exploration, and rapid firefighting tasks [3]

Core Viewpoint - The company reported a revenue of 1.805 billion yuan for 2024, a year-on-year decrease of 14.19%, while net profit attributable to shareholders was 189 million yuan, an increase of 1.63% [1] Group 1: Financial Performance - The company's revenue for 2024 was 1.805 billion yuan, down 14.19% year-on-year, primarily due to a reduction in revenue from aerospace and energy forgings [1] - The net profit attributable to shareholders was 189 million yuan, reflecting a year-on-year increase of 1.63%, supported by improved gross and net profit margins [1] - The gross margin for 2024 was 28.0%, up 1.2 percentage points year-on-year, attributed to manufacturing process optimization and cost reduction efforts [1] - The operating expense ratio was 12.1%, down 1.6 percentage points year-on-year, with management expenses decreasing due to unachieved stock incentive targets [1] Group 2: Business Structure and Growth - The revenue from aerospace forgings was 1.364 billion yuan, down 9.14% year-on-year, while revenue from gas turbine forgings increased by 20.70% to 201 million yuan, indicating a shift in business structure [2] - The company ended the downward trend in Q4 2024 with a revenue of 393 million yuan, maintaining the same level as Q4 2023, and a net profit of 41 million yuan, up 121.5% year-on-year [2] - The company achieved a record high of 763 million yuan in overseas revenue for 2024, an increase of 25.11% year-on-year, indicating strong international business growth [2] Group 3: Strategic Initiatives - The company is deepening ties with top international clients in the energy and aerospace sectors, enhancing its competitive edge and future growth prospects [3] - The acquisition of 90% of Chengdu Chenghangfa for 65.7 million yuan will enhance the company's capabilities in precision machining and component assembly [3] - The company is preparing to build a large-scale precision manufacturing industrial park for aerospace and aviation components, which is expected to significantly increase production capacity [3] Group 4: Investment Outlook - Short-term prospects are positive with concentrated deliveries of international aerospace orders and a rebound in aerospace forging demand, leading to significant growth in 2025 [4] - The company is diversifying into fourth-generation nuclear power, deep-sea technology, and commercial aerospace, continuously cultivating new growth points [4] - Projected net profits for 2025-2027 are 261 million, 343 million, and 413 million yuan, with corresponding EPS of 1.77, 2.32, and 2.79 yuan, indicating a favorable valuation [4]