证券之星消息，11月27日航空装备板块较上一交易日上涨0.02%，威海广泰领涨。当日上证指数报收于 3875.26，上涨0.29%。深证成指报收于12875.19，下跌0.25%。航空装备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002111 | 威海广泰 | 10.11 | 4.77% | 37.35万 | 3.88亿 | | 688239 | 航宇科技 | 52.53 | 3.69% | 6.16万 | 3.23亿 | | 688070 | 纵横股份 | 50.44 | 3.28% | 1.54万 | 7790.80万 | | 300395 | 菲利华 | 78.61 | 1.64% | 1 30.21万 | 24.40亿 | | 002933 | 新兴装备 | 32.83 | 1.45% | 1.61万 | 5249.09万 | | 002297 | 博云新材 | 66'8 | 1.12% | 15.21万 | 1.36亿 | | 300424 | 航新科技 | ...

11月27日，航宇科技涨5.07%，截至发稿，报53.23元/股，成交2.23亿元，换手率2.24%，总市值101.47 亿元。 截至发稿，章劲累计任职时间19年313天，现任基金资产总规模1.1亿元，任职期间最佳基金回报 15.55%， 任职期间最差基金回报-10.99%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 数据显示，弘毅远方基金旗下1只基金重仓航宇科技。弘毅远方国企转型升级混合A（006369）三季度 减持2000股，持有股数3.4万股，占基金净值比例为3.61%，位居第四大重仓股。根据测算，今日浮盈赚 取约8.74万元。 弘毅远方国企转型升级混合A（006369）成立日期2018年10月31日，最新规模3485.21万。今年以来收益 28.7%，同类排名2534/8130；近一年收益30.84%，同类排名2498/8054；成立以来收益74.69%。 弘毅远方国企转型升级混合A（006369）基金经理为章劲。 资料显示，贵州航宇科技 ...

（编辑 姚尧） 证券日报网讯 11月25日晚间，航宇科技发布公告称，公司实控人张华先生及其一致行动人于2025年09 月01日至11月24日期间通过集中竞价方式减持公司股份959，137股，占公司总股本的0.50%，使得张华 先生及其一致行动人合并所持有的公司股份比例由24.41%减少至23.91%，权益变动触及1%刻度。 ...

格隆汇11月25日丨航宇科技(688239.SH)公布，公司实控人张华先生及其一致行动人于2025年09月01日 至11月24日期间通过集中竞价方式减持公司股份95.91万股，占公司总股本的0.50%，使得张华先生及其 一致行动人合并所持有的公司股份比例由24.41%减少至23.91%，权益变动触及1%刻度。 ...

| 证券代码：688239 | 证券简称：航宇科技 | 公告编号：2025-094 | | --- | --- | --- | | 转债代码：118050 | 转债简称：航宇转债 | | | 权益变动方向 | 比例增加□ | | 比例减少☑ | | --- | --- | --- | --- | | 权益变动前合计比例 | 24.41% | | | | 权益变动后合计比例 | 23.91% | | | | 本次变动是否违反已作出的承诺、意 | 是□ | 否☑ | | | 向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否☑ | | 一、信息披露义务人及其一致行动人的基本信息 1、身份类别 | | ☑控股股东/实际控制人及其一致行动人 | | --- | --- | | 投资者及其一致行动人的身 | □其他 5%以上大股东及其一致行动人 | | 份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | 贵州航宇科技发展股份有限公司 关于实际控制人及其一致行动人权益变动 触及 1%整数倍的提示性公 ...

Investment Rating - The report maintains a "Positive" investment rating for the defense and military industry [5] Core Viewpoints - The uncertainty in the Asia-Pacific situation is increasing, which may accelerate the equipment construction in China, focusing on new combat capabilities [2][12] - China's high-end aviation equipment showcased at the Dubai Airshow is expected to further expand the military trade market [12][15] - The Fujian aircraft carrier has conducted its first live training at sea, indicating a significant advancement in operational capabilities and technology [12][18] - The report emphasizes the importance of domestic demand for new combat capabilities and military trade as key growth areas [19] Summary by Sections Investment Suggestions and Targets - The report highlights various investment targets across different segments, including: - Engine and fuel chain: Companies like Xi'an Aero Engine (600893), Western Superconducting (688122), and others [19][20] - New quality and domains: Companies such as Aerospace Electronics (600879), Haige Communication (002465), and others [19][20] - Military electronics: Companies like Aerospace Electric (002025), Zhonghang Optical (002179), and others [19][20] - Military trade and main equipment: Companies such as AVIC Shenyang Aircraft (600760), AVIC Chengfei (302132), and others [19][20] Industry News and Market Performance - The report notes that the defense and military industry index has outperformed the broader market, with a decline of only -1.72% compared to the Shanghai Composite Index's -3.90% [22][25] - The report provides a detailed analysis of weekly market performance, indicating that the defense and military sector remains resilient amid broader market declines [22][25] Key Events and Developments - The report outlines significant recent events, including: - The U.S. government approved a new round of arms sales to Japan, which may heighten regional tensions and prompt China to expedite its military equipment development [12][9] - The successful live training of the Fujian aircraft carrier, showcasing advanced operational capabilities [12][18] - The participation of Chinese high-end military equipment in international exhibitions, enhancing China's presence in the global military trade market [12][15]

Group 1 - The global gas turbine market is experiencing a historic surge, with major players like GE Vernova, Siemens Energy, and Mitsubishi Heavy Industries seeing accelerated orders and tight production capacity [1] - Siemens Energy's unfulfilled order backlog reached a record high of €138 billion for FY2025, with approximately 60% of new gas turbine orders in the first half coming from data centers [1] - GE Vernova added 20.2 GW of new gas turbine orders last year, a year-on-year increase of 112.6%, with current backlog extending to 2028 [1] - Mitsubishi Heavy Industries plans to double its gas turbine production capacity within the next two years [1] Group 2 - The demand surge is driven by the escalating power supply-demand imbalance in North America, particularly due to the rapid expansion of AI data centers [2] - In 2023, U.S. data centers consumed 176 TWh of electricity, accounting for 4.4% of total power demand, with projections indicating consumption could rise to 325 TWh-580 TWh by 2028, increasing its share to 6.7%-12% [2] - North American cloud providers are expected to have a total capital expenditure of $362 billion this year, a year-on-year increase of 58.5%, maintaining a high growth rate of around 30% through 2026 [1][2] Group 3 - The aging power grid in North America and the retirement of many old coal and gas projects create a short-term challenge in alleviating the power supply-demand imbalance [2] - Gas-fired power generation is seen as the optimal solution to address this imbalance, with gas turbines offering high thermal efficiency, quick start-up, short construction periods, stable power output, low costs, and relatively clean energy [2] - The construction cost of gas power plants in the U.S. has surged by approximately 50% over the past three years, reflecting growing demand and tight supply of gas turbines [2] Group 4 - The high industry growth is also reflected in the Chinese capital market, with significant stock price increases for gas turbine-related companies [5] - Companies like Yingliu Technology and Weichai Power have seen substantial stock price gains, indicating a deep integration of the Chinese supply chain with international giants [5] - Key domestic suppliers are expected to benefit from the opportunity to enter the global supply chain, particularly in high-value components like turbine blades and core parts [5] Group 5 - Hydrogen combustion is emerging as a development trend in the gas turbine industry, with the potential to reduce carbon emissions and mitigate natural gas price volatility [6] - Collaborations between gas turbine manufacturers and Chinese power companies are underway to explore hydrogen combustion technologies [6] - The increasing penetration of renewable energy and the anticipated arrival of the green hydrogen era may drive demand for hydrogen-blended gas turbines, enhancing their role in China's power supply [6]

Core Viewpoint - The stock of Hangyu Technology has shown significant growth this year, with an 81.18% increase, despite a recent decline in the last five trading days [1][2]. Financial Performance - As of September 30, 2025, Hangyu Technology reported a revenue of 1.517 billion yuan, representing a year-on-year growth of 7.40%. However, the net profit attributable to shareholders decreased by 1.07% to 146 million yuan [2]. - The company has distributed a total of 132 million yuan in dividends since its A-share listing, with 104 million yuan distributed over the past three years [3]. Stock Market Activity - On November 19, Hangyu Technology's stock price reached 51.74 yuan per share, with a market capitalization of 9.863 billion yuan. The stock experienced a trading volume of 76.7533 million yuan and a turnover rate of 0.79% [1]. - The net inflow of main funds was 3.4888 million yuan, with significant buying and selling activity from large orders [1]. Shareholder Information - The number of shareholders increased by 3.65% to 9,828 as of September 30, 2025, while the average number of circulating shares per person decreased by 3.52% to 19,396 shares [2]. - Among the top ten circulating shareholders, E Fund Defense Industry Mixed A ranked as the second-largest shareholder, increasing its holdings by 2.4048 million shares [3].

Market Overview - The aviation equipment sector experienced a decline of 1.12% on November 18, with Tongyi Aerospace leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Individual Stock Performance - Notable gainers included Guangqi Technology, which rose by 1.98% to a closing price of 42.68, with a trading volume of 252,900 shares and a transaction value of 1.074 billion [1] - Conversely, Tongyi Aerospace saw a significant decline of 6.89%, closing at 15.27, with a trading volume of 68,900 shares and a transaction value of 107 million [2] - Other stocks such as Morningstar Aviation and ST Lihang also faced declines of 5.51% and 4.85%, respectively [2] Capital Flow Analysis - The aviation equipment sector saw a net outflow of 1.203 billion from institutional investors, while retail investors contributed a net inflow of 892 million [2] - The data indicates that retail investors were more active, with a net inflow of 892 million, compared to the net outflow from institutional investors [2] Detailed Capital Flow for Selected Stocks - Guangqi Technology had a net inflow of 71.49 million from institutional investors, while retail investors showed a net outflow of 834,320 [3] - ST Lihang experienced a net outflow of 92,480 from institutional investors, but retail investors had a net inflow of 237,860 [3] - The overall trend shows that while institutional investors are pulling back, retail investors are still actively participating in the market [3]

| 证券代码：688239 | 证券简称：航宇科技 | 公告编号：2025-093 | | --- | --- | --- | | 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 2025年第五次临时股东会决议公告 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 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 11 月 17 日 （二） 股东会召开的地点：贵州航宇科技发展股份有限公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 90 | | --- | --- | | 普通股股东人数 | 90 | | 2、出席会议的股东所持有的表决权数量 | 79,495,149 | | 普通股股东所持有表决权数量 | 79,495,149 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 41.7012 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 41.7012 | （四） 表决方式是否 ...