New Stock Issuance - New stock issuance for Jiao Da Tie Fa at an issuance price of 8.81[1] - ST Li Fang and United Chemical have recent announcements dated May 14 and May 23 respectively[1] - Multiple companies including Zhongzhou Special Materials and San Sheng Guo Jian have announcements on May 23[1] Market Alerts - Significant abnormal fluctuations reported for Nanjing Port and Li Jun Co. on May 23[1] - ST Er Ya and ST Jin Hong have recent announcements regarding market conditions[1] - Companies like Hainan Development and ST Haihua have reported abnormal trading activities[1] Trading Updates - Trading updates for various companies including ST Ya Zhen and ST Jian Gang on May 27[1] - Multiple companies have links to their announcements for further details on trading activities[1] - The report includes a comprehensive list of companies with their respective announcement dates and links for investor reference[1]

Core Points - The company announced a profit distribution plan for the fiscal year 2024, which includes a cash dividend of CNY 0.22 per share and a capital increase of 0.30 shares for every share held [2][4][20] - The plan was approved at the annual general meeting held on April 28, 2025 [2][3] - The total number of shares eligible for the distribution is 147,040,730 after excluding shares in the repurchase account [5][20] Distribution and Capital Increase Plan - The distribution will be based on the total share capital minus the shares in the repurchase account, with a cash dividend of CNY 2.20 for every 10 shares and a capital increase of 3 shares for every 10 shares held [4][5] - The total cash dividend to be distributed amounts to CNY 32,348,960.60, while the total number of shares to be increased is 44,112,219 [5][20] Tax Implications - For individual shareholders holding unrestricted shares, dividends are subject to different tax treatments based on the holding period, with a maximum tax rate of 20% for shares held for less than one month [8][9] - For shares held over one year, dividends are exempt from personal income tax [9][10] Share Capital Structure Changes - Following the distribution, the total share capital will increase to 191,905,734 shares, resulting in a diluted earnings per share of CNY 1.00 for the fiscal year 2024 [13][20] Convertible Bond Price Adjustment - The conversion price for the company's convertible bonds will be adjusted from CNY 32.64 to CNY 24.97, effective from June 3, 2025, due to the profit distribution [16][20] - The adjustment is based on the formula that accounts for cash dividends and capital increases [17][20]

Core Viewpoint - Guizhou Hangyu Technology Development Co., Ltd. announced its 2024 annual profit distribution and capital increase plan, which includes a cash dividend of 0.22 RMB per share and a capital increase of 0.30 shares for every share held [1][2][3]. Distribution and Capital Increase Plan - The profit distribution and capital increase plan was approved at the company's annual general meeting on April 28, 2025 [2]. - The total number of shares for distribution is based on the total share capital minus shares held in the company's repurchase account, resulting in a base of 147,040,730 shares [3]. - The company plans to distribute a total cash dividend of 32,348,960.60 RMB and increase capital by 44,112,219 shares [3][7]. Tax Implications - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, resulting in a net cash dividend of 0.22 RMB per share [4][5]. - For shares held for less than one year, the tax treatment varies, with a 20% tax on dividends for shares held for one month or less [5][6]. Share Structure Changes - The total share capital will increase from 147,793,515 shares to 191,905,734 shares after the capital increase [7][9]. - The diluted earnings per share for the fiscal year 2024 is projected to be 1.00 RMB based on the new total share capital [7].

Core Points - The company has announced an adjustment to the conversion price of its convertible bonds due to a rights distribution, with the new conversion price set at RMB 24.97 per share, down from RMB 32.64 per share [3][5] - The adjustment will take effect on June 3, 2025, and the bonds will resume conversion from May 30, 2025 [5][6] Summary by Sections 1. Announcement of Convertible Bonds - The company will issue 6,670,000 convertible bonds, with an initial conversion price of RMB 32.64 per share, valid from February 27, 2025, until the maturity date on August 20, 2030 [1] 2. Basis for Conversion Price Adjustment - The adjustment is based on the company's profit distribution plan, which includes a cash dividend of RMB 2.20 per 10 shares and a capital reserve conversion of 3 shares for every 10 shares held [2] 3. Method of Conversion Price Adjustment - The formula for adjusting the conversion price is provided, taking into account cash dividends and stock bonuses [2][4] 4. Details of the Adjustment - The adjusted conversion price is calculated as follows: P1 = (P0 - D) / (1 + n), where P0 is the original price, D is the cash dividend per share, and n is the stock bonus rate [5] - The final adjusted conversion price is RMB 24.97 per share, effective from June 3, 2025 [5] 5. Other Information - Investors can find more details in the company's prospectus published on August 19, 2024 [6]

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 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为贵州航 宇科技发展股份有限公司（以下简称"航宇科技"或"公司"）2022 年度向特定 对象发行股票和 2023 年度向不特定对象发行可转换公司债券持续督导工作的保 荐人，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和 国证券法》（以下简称"《证券法》"）、《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等有关规定，对航宇科技 2024 年度利润分配所涉及的差异 一、本次差异化分红的原因 航宇科技于 2025 年 2 月 23 日召开第五届董事会第 8 次会议，审议通过了 《关于以集中竞价交易方式回购公司股份的议案》，同意公司以自有资金通过上 海证券交易所系统集中竞价交易的方式回购公司股份。回购股份资金总额不低于 人民币 2,500 万元（含）且不超过人民币 5,000 万元（含）。回购价格为不超过人 民币 53 元/股（含），回购期限为自公司董事会审议通过回购股份方案之日起 3 个 月内，回购的股份全部用于维护公司价值及股东权益，并将按照有关回购规则和 监管指 ...

重要内容提示： 因实施权益分派,本公司的相关证券停复牌情况如下： | 证券代码：688239 | 证券简称：航宇科技 | 公告编号：2025-046 | | --- | --- | --- | | 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 关于可转换公司债券转股价格调整暨转股复牌的公告 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。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 118050 | 航宇转债 | 可转债转股复 | | | 2025/5/30 | 2025/6/3 | | | | 牌 | | | | | 经中国证券监督管理委员会出具的《关于同意贵州航宇科技发展股份有限公 司向不特定对象发行可转换公司债券注册的批复》（证监许可[2024]1069 号）同 意，贵州航宇科技发展股份有限公司（以下简称"公司"）向不特定对象发行 ...

| 证券代码：688239 | 证券简称：航宇科技 | 公告编号：2025-045 | | --- | --- | --- | | 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2024年年度 权益分派实施公告 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。 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司存在首发战略配售股份，首发战略配售股份已全部上市流通 是否涉及差异化分红送转：是 每股分配比例，每股转增比例 每股现金红利0.22元 每股转增0.30股 相关日期 1. 发放年度：2024年年度 2. 分派对象： 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东 （公司回购专用证券账户除外）。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所 上市公司自律监管指引第 7 号——回购股份》 等相关法律、行政法规、部门规章 及其他规范性文件和《公司章程》的有关规定，公司回购专用证券账户中的股份 不享有股东大会表决权、利润分 ...

证券代码：688239 证券简称：航宇科技 公告编号：2025-044 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 关于调整 2024 年度利润分配现金分红总额 及资本公积转增股本总额的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 现金分红总额：贵州航宇科技发展股份有限公司（以下简称"公司"） 2024 年度利润分配拟向全体股东每 10 股派发现金红利 2.20 元（含税）不变， 派发现金分红的总额由 32,347,977.86 元（含税）调整为 32,348,960.60 元（含 税）。 资本公积转增股本总额：公司 2024 年度拟以资本公积向全体股东每 10 股转增 3 股不变，转增股本的数量由 44,110,879 股调整为 44,112,219 股（具体 以中国证券登记结算有限责任公司上海分公司最终登记结果为准，如有尾差，系 取整所致）。 本次调整原因：公司公开发行的可转换公司债券"航宇转债"处于转股 期，自 2025 年 3 月 1 日至 2025 年 5 月 ...

Summary of the Conference Call for Hangyu Technology Industry and Company Overview - The conference call pertains to Hangyu Technology, focusing on the aerospace and energy sectors, particularly in aviation engines and gas turbines [1][2]. Key Points and Arguments Financial Performance - In Q1 2025, the company's revenue increased quarter-on-quarter but did not reach the levels of the previous year, primarily due to the domestic aviation market's impact [2][3]. - The company anticipates that growth drivers for 2025 will come from foreign trade, domestic gas turbines, underwater equipment, and nuclear power sectors, projecting overall performance to exceed that of 2024 [2][3]. Foreign Trade and Geopolitical Impact - Geopolitical changes have had minimal short-term effects on the company, as the proportion of products sent directly to the U.S. is low. The company is adapting by adjusting delivery locations [4][5]. - Foreign business is expected to maintain a growth rate of over 30% in 2025, benefiting from long-term agreements and new collaborations with partners like Baker Hughes and Siemens in the gas turbine sector [5][6]. Aviation Engine Sector - The growth rate in the aviation engine sector is expected to surpass that of downstream manufacturers, with new contracts and increased market share contributing to this growth [6][7]. - Existing long-term agreements have been extended until 2028-2030, ensuring future demand stability [6]. Gas Turbine Sector - The gas turbine sector is projected to maintain a growth rate of over 50% in the next two years, with a mix of long-term and non-long-term contracts [8]. - Demand is strong, and the company has advantages in cost and delivery service due to tight capacity in the supply chain [8][9]. Domestic Market Outlook - The domestic market is expected to improve in the second half of 2025, with better inventory management from downstream customers and clearer delivery plans [10]. - The supply of high-temperature alloys and titanium alloys has stabilized, alleviating previous supply constraints [11]. Operational Efficiency and Profitability - The expansion of foreign business has led to improved operational efficiency and potential for further increases in profit margins, with a target of achieving over 30% gross margin in foreign trade [7][8]. Future Developments and Certifications - The company is working towards obtaining airworthiness certification for the Changjiang 1,000 engine by 2027, which is expected to significantly boost revenue [12]. - The company is also expanding its capabilities in the nuclear power sector, having secured various certifications since 2024 [23]. Market Trends and Strategic Partnerships - The company is exploring other energy sectors, such as wind power and oil & gas, while also focusing on underwater equipment, which is expected to see significant revenue growth in 2025 [27]. - The company plans to participate in the Paris Air Show in June 2025, showcasing new technologies and engaging with end customers [20][21]. Additional Important Insights - The company has seen a shift in procurement patterns, with a more rational approach to purchasing and a focus on direct procurement from end customers, enhancing revenue security [28][29]. - The cash flow situation has improved, attributed to the issuance of convertible bonds and better operational cash flow compared to the previous year [31]. This summary encapsulates the key insights from the conference call, highlighting the company's strategic direction, market conditions, and financial outlook for 2025.

| 证券代码：688239 | 证券简称：航宇科技 | 公告编号：2025-043 | | --- | --- | --- | | 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 关于实施 2024 年年度权益分派时"航宇转债" 停止转股暨转股价格调整的提示性公告 2、公司拟以资本公积金向全体股东每 10 股转增 3 股。截至 2025 年 2 月 28 日，公司总股本 147,789,048 股，扣除公司回购专用证券账户中股份数 752,785 股后的股本数为 147,036,263 股。以此为基数计算，合计转增 44,110,879 股，转 增后公司总股本增加至 191,899,927 股。（具体以中国证券登记结算有限责任公 司上海分公司最终登记结果为准，如有尾差，系取整所致）。 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： 证券停复牌情况：适用 因实施 2024 年年度权益分派,本公司的相关证券停复牌情况如下：2024 年年 度权益分派公告前一交易日（2025 年 ...