Investment Rating - The report does not explicitly state an investment rating for the industry Core Insights - The thermal protection materials market is expected to have significant growth potential, particularly driven by the Starship program, with an estimated market space of $90 billion for thermal tiles and $1.17 billion for single launch losses if the production and launch targets are met [4][30][32] - The development of reusable rockets, particularly in China, is advancing rapidly, with ceramic-based materials likely to benefit first [4][60][66] Summary by Sections 1. Thermal Materials: The Core of Commercial Aerospace Thermal Protection - The development of aerospace vehicles increasingly focuses on thermal protection capabilities, which are critical for ensuring rocket recovery [12] - Thermal protection systems (TPS) must meet stringent requirements, including high-temperature resistance, oxidation resistance, lightweight design, and mechanical strength [12][18] - The market for thermal materials is expanding, with significant applications in various stages of rocket launch and recovery [18][19] 2. Overseas Secondary Rocket Reusability Accelerates Validation, Multi-layer Protection for Thermal Materials - NASA has laid the foundation for thermal tile technology, with various materials developed for different temperature tolerances [37] - The Starship's thermal protection structure combines adhesive and cover-type designs, indicating a shift towards more effective thermal protection solutions [42][46] 3. Domestic First-stage Rocket Reusability Progresses Faster, Ceramic-based Materials Benefit First - China's aerospace sector has developed a third-generation thermal material system, with significant applications in crewed spacecraft [58] - The demand for ceramic-based thermal materials is expected to grow as the country advances in reusable rocket technology [66] 4. Related Companies - Torch Electronics focuses on ceramic matrix composites, with significant revenue generation in aerospace applications [72] - Hua Qin Technology specializes in thermal resistance materials, enhancing performance in high-temperature components [73] - Zhonggang Lu Neng is a key supplier of high-end refractory materials, with strong production capabilities for ceramic-based products [74] - Beijing Lier is expanding into aerospace thermal materials, with a short investment recovery period indicating strong profitability potential [75]

陕西华秦科技实业股份有限公司实施2025年第三季度权益分派，每股派发现金红利0.06元（含税），以 公司总股本272,570,675股为基数，合计派发现金红利16,354,240.50元。股权登记日为2026年2月11日， 除权（息）日和现金红利发放日均为2026年2月12日。分派对象为股权登记日在册的全体股东。部分股 东由公司自行发放，其余通过中国结算上海分公司派发。根据持股期限不同，自然人股东适用差别化个 税政策，QFII股东和沪股通股东按10%税率代扣所得税。 公司公告汇总：华秦科技实施2025年第三季度权益分派，每股派发现金红利0.06元（含税）。 公司公告汇总 截至2026年2月6日收盘，华秦科技（688281）报收于93.7元，较上周的97.3元下跌3.7%。本周，华秦科 技2月4日盘中最高价报102.39元。2月6日盘中最低价报93.51元。华秦科技当前最新总市值255.4亿元， 在航空装备板块市值排名16/46，在两市A股市值排名824/5186。 本周关注点 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

Group 1 - The Low Volatility Dividend Index (H30269.CSI) selects 50 securities with good liquidity, continuous dividends, moderate payout ratios, positive growth in dividends per share, high dividend yields, and low volatility, with a dividend yield of 4.53% as of February 5 [1] - The Low Volatility Dividend ETF (华夏, 159547) tracks this index and has the lowest comprehensive fee rate among ETFs, with quarterly evaluations for dividends [1] - The Dividend Quality Index (931468.CSI) selects 50 securities with continuous cash dividends, high payout ratios, and strong profitability, with a dividend yield of 2.88% as of February 5 [1] Group 2 - Wanda Bearings announced a cash dividend of 2.10 RMB per 10 shares (tax included), with the record date on February 11, 2026, and the ex-dividend date on February 12, 2026 [2] - Huayin Technology declared a cash dividend of 0.06 RMB per share (tax included), with the same record and ex-dividend dates as Wanda Bearings [2] - Luxshare Precision announced a cash dividend of 1.60 RMB per 10 shares (tax included), also with the same record and ex-dividend dates [2] - Sobor Protein declared a cash dividend of 0.07 RMB per share (tax included), with the same record and ex-dividend dates [2]

证券代码：688281 证券简称：华秦科技 公告编号：2026-006 陕西华秦科技实业股份有限公司 2025年第三季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。 重要内容提示： 每股现金红利0.06元（含税） ● 相关日期 ■ 一、通过分配方案的股东会届次和日期 本次利润分配方案经陕西华秦科技实业股份有限公司（以下简称"公司"）2025年5月15日的2024年年度 股东大会授权董事会制定，经2026年1月30日第二届董事会第十四次会议审议通过后实施。 二、分配方案 1.发放年度：2025年第三季度 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。 3.分配方案： 本次利润分配以方案实施前的公司总股本272,570,675股为基数，每股派发现金红利0.06元（含税），共 计派发现金红利16,354,240.50元。 三、相关日期 ■ 四、分配实施办法 1.实施办法 除自行发放对象外，公司其余股东的现金红利委托中 ...

（文章来源：证券日报） 证券日报网讯 2月5日，华秦科技发布2025年第三季度权益分派实施公告称，公司2025年第三季度权益 分派方案为每股现金红利0.06元（含税），股权登记日为2026年2月11日，除权（息）日及现金红利发 放日均为2026年2月12日。 ...

2025年第三季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。 重要内容提示： 每股现金红利0.06元（含税） 相关日期 | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2026/2/11 | 2026/2/12 | 2026/2/12 | 证券代码：688281 证券简称：华秦科技 公告编号：2026-006 陕西华秦科技实业股份有限公司 一、 通过分配方案的股东会届次和日期 本次利润分配方案经陕西华秦科技实业股份有限公司（以下简称"公司"）2025 年 5 月 15 日的2024年年度股东大会授权董事会制定，经 2026 年 1 月 30 日第二届 董事会第十四次会议审议通过后实施。 二、 分配方案 1. 发放年度：2025年第三季度 2. 分派对象： 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。 是否涉及差异化分红送转：否 每股分配比例 3. 分配方 ...

南财智讯2月5日电，华秦科技发布2025年第三季度权益分派实施公告，每股派发现金红利0.06元（含 税），股权登记日为2月11日。 ...

Summary of Conference Call Records Industry Overview - The focus is on the domestic large aircraft sector, which is experiencing significant growth and investment interest. The market is characterized by a contradiction between the long-term potential and short-term delivery challenges of domestic large aircraft [1][2]. Key Points and Arguments - **Bottleneck Breakthroughs**: The industry is entering a phase where critical bottlenecks, particularly in engines and onboard equipment, are being addressed. This is expected to accelerate the delivery of domestic large aircraft [1][2]. - **Market Sentiment**: There is a prevailing belief that the delivery pace of domestic large aircraft is slow, yet the long-term market potential remains vast. The resolution of bottlenecks is anticipated to lead to a steep change in expectations [1]. - **Catalysts for Growth**: Recent developments, such as the European Union Aviation Safety Agency (EASA) beginning flight evaluations for the C919 in Shanghai, are expected to enhance the global competitiveness of China's commercial aircraft [1]. Core Companies Mentioned - **Major Players**: - Two major companies: AVIC (中航机载) and Aero Engine Corporation of China (航发动力) are highlighted as key players in the engine and onboard equipment sectors [2]. - Four additional companies: AVIC Technology (航发科技), Jiangxi Aircraft Equipment (江航装备), Huayin Technology (华秦科技), and Wanzhe Co. (万泽股份) are also noted for their roles in the industry [1][2]. Additional Important Information - **Engine Development**: The Changjiang 1000 engine has entered the airworthiness certification phase, progressing faster than expected. This is crucial for addressing the backlog of main engine orders due to global supply constraints [2]. - **Onboard Equipment**: The push for domestic onboard products is ongoing, with regulatory support from the Civil Aviation Administration of China (CAAC) to expedite the approval of key products [2]. - **Diverse Sector Involvement**: The industry encompasses various segments, including engines, onboard equipment, landing gear, and airframe structures, with numerous companies involved across these categories [2]. This summary encapsulates the key insights and developments within the domestic large aircraft sector as discussed in the conference call records.

证券日报网讯 1月30日，华秦科技发布公告称，公司2025年第三季度利润分配预案：拟每10股派发现金 红利0.6元（含税），总额约1635万元，占当季归母净利润16.80%，股权登记日将另行公告。 （文章来源：证券日报） ...

证券代码：688281 证券简称：华秦科技 公告编号：2026-005 陕西华秦科技实业股份有限公司 2025 年第三季度利润分配预案的公告 每股分配比例：每 10 股派发现金红利 0.6 元（含税）。 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。在实施权益分派的股权登记日前陕西华秦科技 实业股份有限公司（以下简称"公司"）总股本发生变动的，公司拟维持现金分 红总额不变，相应调整每股现金分红金额，并将另行公告具体调整情况。 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： 本次利润分配预案已经公司 2024 年年度股东大会授权，公司第二届董事 会审计委员会第十三次会议、第二届董事会第十四次会议审议通过。 一、2025 年第三季度利润分配预案内容 根据公司 2025 年第三季度报告相关数据（未经审计），截至 2025 年 9 月 30 日，公司母公司报表期末未分配利润为人民币 1,451,250,872.62 元。经公司第二 届董事会审计委员会第十三次会议、第二 ...