中信建投证券股份有限公司 关于陕西华秦科技实业股份有限公司 股东向特定机构投资者询价转让股份的核查报告 上海证券交易所： 中信建投证券股份有限公司（以下简称"中信建投证券"或"组织券商"） 受委托担任折生阳、周万城、黄智斌、宁波华秦万生自有资金投资合伙企业 （有限合伙）（以下合称"出让方"）以向特定机构投资者询价转让（以下简 称"询价转让"）方式减持所持有的陕西华秦科技实业股份有限公司（以下简 称"公司"或"华秦科技"）首次公开发行前已发行股份的组织券商。 经核查，组织券商就本次询价转让的股东、受让方是否符合《上海证券交 易所科创板上市公司自律监管指引第 4 号——询价转让和配售》（以下简称 "《询价转让和配售指引》"）要求，本次询价转让的询价、转让过程与结果 是否公平、公正，是否符合《询价转让和配售指引》的规定作出如下报告说明。 一、本次询价转让概况 （一）本次询价转让出让方 截至 2025 年 12 月 22 日，出让方所持公司股份的数量、占公司总股本比例 情况如下： | 序号 | 股东名称 | 持股数量（股） | 持股占总股本比例 | | --- | --- | --- | --- | | 1 | 折生 ...

证券代码：688281 证券简称：华秦科技 公告编号：2025-044 陕西华秦科技实业股份有限公司 关于自愿披露控股子公司签订日常经营合同的公告 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： 合同类型及金额：陕西华秦科技实业股份有限公司（以下简称"公司"） 控股子公司沈阳华秦航发科技有限责任公司（以下简称"华秦航发"）近日与某 客户签订框架协议（以下简称"本合同"），合同总金额为 392,105,597.00 元（含 税）。 合同生效条件：本合同经双方签字盖章后生效。 合同履行期限：产品的交付时间以双方下发确认的工序外包订单为准。 本合同自生效之日起至 2026 年 12 月 31 日止或全部工序外包订单总金额达到合 同总金额时日止。 合同标的：航空发动机零部件产品全部或部分加工工序。 对上市公司业绩的影响：本次交易属于公司签订日常经营销售合同。若 合同顺利履行，将对公司经营业绩产生积极影响。 合同履行中的重大风险及重大不确定性：合同各方均具有履约能力，但 在合同履行期间，如遇不可抗力或其他因素，将影响 ...

每经AI快讯，12月26日，华秦科技公告，信息披露义务人周万城通过询价转让方式减持公司股份 3,270,848股，占公司总股本的1.20%。本次权益变动后，周万城持有公司股份数量由28,637,603股减少 至25,366,755股，持股比例由10.51%降低至9.31%。周万城非公司控股股东、实际控制人，本次权益变 动不会导致公司控制权发生变化。截至本报告书签署日，周万城不存在一致行动关系，所持股份无质 押、冻结等权利限制情形。 ...

南财智讯12月26日电，华秦科技公告，公司控股子公司沈阳华秦航发科技有限责任公司近日与某客户签 订框架协议，合同总金额为3.92亿元（含税）。合同标的为航空发动机零部件产品全部或部分加工工 序，履行期限自生效之日起至2026年12月31日止或全部工序外包订单总金额达到合同总金额时止。本次 交易属于日常经营销售合同，若顺利履行，将对公司经营业绩产生积极影响。合同各方均具有履约能 力，但存在因不可抗力或其他因素影响最终执行情况的风险。 ...

Group 1 - The core point of the article is that Huajin Technology (688281.SH) announced a framework agreement with a client, with a total contract value of 392 million yuan (including tax) [1] - The contract involves the processing of all or part of the components for aircraft engines, indicating a focus on the aerospace sector [1] - Successful execution of the contract is expected to have a positive impact on the company's operating performance [1]

Core Viewpoint - The aerospace industry in China is experiencing significant growth, driven by successful satellite launches and increasing participation from private companies in the commercial space sector [1][2]. Group 1: Market Performance - The CN5082 aerospace industry index rose by 1.28%, with notable increases in constituent stocks such as Guanglian Aviation (up 15.73%), Mingsheng Electronics (up 11.18%), and Aerospace Development (up 10.00%) [1]. - The Aerospace ETF (159227) increased by 0.92%, marking its third consecutive rise, with the latest price reported at 1.31 yuan [1]. Group 2: Recent Developments - On December 26, 2025, China successfully launched 17 low-orbit satellite internet satellites using the Long March 8A rocket from the Hainan commercial space launch site, achieving a successful mission [1]. - Dongxing Securities highlighted that during the 14th Five-Year Plan period, commercial aerospace will be a key driver for high-quality technological development in China [1]. Group 3: Future Outlook - The number of satellite launches in China is expected to accelerate in 2026 to secure valuable orbital and frequency resources, with private commercial rocket companies anticipated to play a significant role alongside state-owned enterprises [1]. - There is a positive outlook for investment opportunities in China's satellite internet industry chain in 2026 [1]. Group 4: ETF Composition - The Aerospace ETF (159227) closely tracks the CN5082 index and covers critical industry segments such as aerospace equipment, satellite navigation, and new materials, with a high weight of 64% in commercial aerospace concepts [2]. - The top ten holdings include industry leaders like Aerospace Development, China Satellite, and Aerospace Electronics [2].

Group 1 - The core viewpoint of the news is that on December 25, several brokerage firms provided target price increases for listed companies, with notable increases for Sanlian Hongpu, Wangfujing, and Nanjing Securities, showing target price increases of 24.53%, 19.05%, and 18.13% respectively [1][2]. Group 2 - On December 25, a total of 20 listed companies received recommendations from brokerage firms, with Lingyi Technology receiving 2 recommendations, while Guoji Heavy Industry and Nanjing Securities each received 1 recommendation [2][3]. - The brokerage firms raised the rating for one company on December 25, with Zhongyou Securities upgrading Beijing Junzheng from "Hold" to "Buy" [4]. - On the same day, 7 companies received initial coverage from brokerage firms, including Guoji Heavy Industry, Dongfang Precision, and Dongwei Technology, all rated "Buy" by Aijian Securities, while Nanjing Securities received a "Recommended" rating from Huachuang Securities [5].

Group 1: Company Overview - Huayin Technology signed a significant framework procurement contract for special functional materials for aircraft fuselage, with a total contract value of 254 million yuan (including tax), effective until September 30, 2027 [4][3]. - The company's "one core and two wings" strategy is gradually being implemented, focusing on enhancing its market position as a key materials supplier in the aviation engine sector and expanding into high-end manufacturing fields [4][5]. Group 2: Financial Performance - In the first three quarters of 2025, the company achieved operating revenue of 801 million yuan, a year-on-year increase of 8.63%, but the net profit attributable to shareholders decreased by 21.48% to 243 million yuan [5]. - The company's R&D investment reached 105 million yuan, a significant increase of 81.39% year-on-year, driven by an increase in R&D personnel and numerous ongoing projects [5][6]. Group 3: Market Position and Growth Potential - The company is expected to benefit from the domestic aerospace industry's growth cycle, with projected revenues of 1.282 billion, 1.746 billion, and 2.465 billion yuan for 2025, 2026, and 2027 respectively, and net profits of 390 million, 611 million, and 847 million yuan [9]. - The company maintains a strong product portfolio, including various key new materials such as special functional materials, carbon fiber reinforced composites, and high-performance resin materials [4][5]. Group 4: Industry Insights - The computer industry is experiencing a shift towards high-speed interconnect protocols, which are crucial for scaling up capabilities in the era of large models, with NVLink leading the market [12][13]. - The penetration rate of liquid cooling in AI servers is expected to rise significantly, with projections indicating a market size of 16.5 billion USD by 2026, driven by the increasing power consumption of chips [20][21].

Group 1 - The core viewpoint of the article highlights the target price increases for several listed companies as recommended by brokerage firms on December 25, with notable increases for Sanlian Hongpu, Wangfujing, and Nanjing Securities [1][2] - Sanlian Hongpu (300384) received a target price increase of 24.53% to 20.00 CNY, while Wangfujing (600859) saw a 19.05% increase to 18.00 CNY, and Nanjing Securities (601990) had an 18.13% increase to 9.45 CNY [2] - A total of 20 listed companies received recommendations from brokerage firms on December 25, with Lingyi Technology receiving recommendations from 2 firms, and Guoji Heavy Industry and Nanjing Securities each receiving 1 recommendation [2] Group 2 - On December 25, only one company had its rating upgraded, with Zhongyou Securities raising Beijing Junzheng's rating from "Hold" to "Buy" [4][5] - A total of 7 companies received initial coverage from brokerage firms on December 25, including Guoji Heavy Industry, Dongfang Precision, and Dongwei Technology, all rated "Buy" by Aijian Securities, while Nanjing Securities received a "Recommended" rating from Huachuang Securities [5][6] - Other companies receiving initial coverage include Jin Guo Co. rated "Buy" by Kaiyuan Securities, and Huayin Technology rated "Buy" by Guohai Securities [6]

Core Viewpoint - The article highlights the strategic developments and market positioning of Huajin Technology in the advanced materials sector, particularly focusing on its recent contract in the aerospace industry and its comprehensive product offerings in special functional materials [1][2]. Group 1: Company Overview - Huajin Technology, established in 1992, is a national high-tech enterprise specializing in the research, production, and sales of special functional materials, including stealth, camouflage, and protection materials [2]. - The company has a diverse product portfolio that includes special functional materials, carbon fiber reinforced composites, special ceramic matrix composites, lightweight high-strength metals, high-performance resin materials, acoustic metamaterials, and high-temperature alloys/titanium alloys [2]. - Huajin Technology is one of the few domestic enterprises that comprehensively covers the research and production of stealth materials at various temperature ranges, with its self-developed "high-temperature long-life stealth material" recognized as a national manufacturing single champion product [2]. Group 2: Recent Developments - On December 24, Huajin Technology announced a framework procurement contract worth 254 million yuan (including tax) for special functional materials used in aircraft fuselage [1]. - This contract reflects the implementation of the company's "one core and two wings" strategic layout, with "one core" focusing on the aerospace engine and "two wings" expanding into aircraft fuselage and other high-end manufacturing sectors [1]. - In 2024, Huajin Technology achieved a revenue of 1.139 billion yuan and a net profit of 414 million yuan, marking its first breakthrough of 1 billion yuan in revenue [2]. - For the first three quarters of 2025, the company reported an operating revenue of 801 million yuan, representing a year-on-year growth of 8.63% [2].