Market Overview - The aviation equipment sector experienced a decline of 1.98% on October 30, with Hangya Technology leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable stock performances included: - *ST Guandian (688287): Closed at 4.95, up 1.85% with a trading volume of 31,300 shares and a turnover of over 15.46 million yuan [1] - Hangya Technology (688510): Closed at 22.62, down 10.13% with a trading volume of 115,100 shares and a turnover of 270 million yuan [2] - Philai (300395): Closed at 83.30, down 7.39% with a trading volume of 453,600 shares and a turnover of 3.897 billion yuan [2] Capital Flow - The aviation equipment sector saw a net outflow of 1.806 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.163 billion yuan [2][3] - The capital flow for specific stocks showed: - Maxinlin (688685): Net inflow from institutional investors was 17.22 million yuan, while retail investors had a net outflow of 17.58 million yuan [3] - Jiachitech (688708): Institutional net inflow was 7.04 million yuan, with retail investors experiencing a net outflow of 4.00 million yuan [3]

Group 1 - The core viewpoint of the news is that Hangya Technology (688510.SH) has reported its third-quarter results for 2025, highlighting changes in institutional investor holdings [1] - As of October 29, 2025, a total of 20 institutional investors disclosed holdings in Hangya Technology, with a combined shareholding of 44.1015 million shares, representing 17.07% of the total share capital [1] - The top ten institutional investors hold a combined shareholding ratio of 16.72%, which has decreased by 3.69 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, four public funds increased their holdings compared to the previous period, with an increase ratio of 0.45% [2] - A total of 10 new public funds disclosed holdings in Hangya Technology this quarter, including several notable funds [2] - Two new social security funds disclosed holdings in Hangya Technology, namely the National Social Security Fund - Six Combination and the National Social Security Fund 604 Combination [2]

Core Viewpoint - Hangya Technology (688510.SH) reported a slight increase in total operating revenue for the first three quarters of 2025, but a significant decline in net profit attributable to shareholders [1] Financial Performance - Total operating revenue reached 530 million yuan, reflecting a year-on-year growth of 1.95% [1] - Net profit attributable to shareholders was 77.8693 million yuan, showing a year-on-year decrease of 16.04% [1] - Basic earnings per share stood at 0.3014 yuan [1]

Core Viewpoint - The company announced the resignation of its Deputy General Manager, Ding Li, due to personal health reasons, and he will no longer be recognized as a core technical personnel of the company [1] Company Summary - Ding Li's resignation is attributed to personal health issues, leading to a change in the company's management structure [1] - The company will adhere to its operational responsibilities and regulatory standards following this change [1]

重要内容提示： 副总经理离任：无锡航亚科技股份有限公司（以下简称"公司"）副总经 理丁立先生因个人身体健康原因，不再担任公司副总经理职务。 核心技术人员调整：公司按照岗位职责和制度规范，不再认定丁立先生 为公司核心技术人员。 影响说明：丁立先生不再担任副总经理职务及公司本次核心技术人员调 整事项，不会影响公司拥有的核心技术及其专利权属完整性，亦不会对公司的核 心竞争力、持续经营能力、业务及产品创新能力产生重大不利影响。 证券代码：688510 证券简称：航亚科技 公告编号：2025-039 无锡航亚科技股份有限公司 关于高级管理人员离任、核心技术人员调整的公告 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。 (二) 高级管理人员离任对公司的影响 丁立先生已按照公司相关制度做好交接工作，其辞去公司副总经理职务后， 仍继续在公司任职。离任后，丁立先生将继续遵守《上海证券交易所科创板股票 上市规则》《上海证券交易所上市公司自律监管指引第 15 号——股东及董事、 高级管理人员减持股份》等相关法律法规的规定及公司首次公开发行股票时所作 ...

关于参加 2025 无锡上市公司投资者集体接待日活动暨 召开 2025 年第三季度业绩说明会的公告 无锡航亚科技股份有限公司 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： 会议召开时间：2025 年 11 月 4 日（星期二）下午 15:30-17:00 证券代码：688510 证券简称：航亚科技 公告编号：2025-040 （二） 平台：全景路演（http://rs.p5w.net）或关注微信公众号（名称：全景 财经）或下载全景路演 APP （三） 方式：网络互动 三、 参加人员 董事长：严奇先生 投资者可于 2025 年 11 月 3 日 （星期一）16:00 前通过公司邮箱 IRM@hyatech.cn 进行提问，公司将在活动上对投资者普遍关注的问题进行回答。 无锡航亚科技股份有限公司（以下简称"公司"）已于本公告同日发布公司 2025 年第三季度报告，为进一步加强与投资者的互动交流，公司将参加 2025 无 锡上市公司投资者集体接待日活动暨召开 2025 年第三季度业绩说明会，就投资 者关心的问题进行 ...

无锡航亚科技股份有限公司 证券代码：688510 证券简称：航亚科技 公告编号：2025-038 经与会董事认真审议，认为公司《2025 年第三季度报告》的编制和审核程 序符合相关法律法规和内部管理制度的规定。编制过程中，未发现参与编制和审 议的人员有违反内幕信息规定的行为，公司严格按照上市公司相关财务制度规范 运作。《2025 年第三季度报告》所记载事项不存在虚假记载、误导性陈述或重大 遗漏，所披露的信息真实、准确、完整。全体董事一致同意通过此报告。 审议结果：9 票赞成，0 票反对，0 票弃权。 本议案已经公司第四届董事会审计委员会第三次会议审议通过。 具体内容详见公司披露于上海证券交易所网站（ www.sse.com.cn） 的《无 锡航亚科技股份有限公司 2025 年第三季度报告》。 特此公告。 第四届董事会第四次会议决议公告 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、董事会会议召开和出席情况 无锡航亚科技股份有限公司（以下简称"公司"）第四届董事会第四次会议 于 2025 年 10 月 29 日以现场及 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥160,832,164.08, a decrease of 10.87% compared to the same period last year[3] - The total profit for the period was ¥17,761,620.86, down 28.81% year-on-year[3] - Net profit attributable to shareholders was ¥16,656,525.67, reflecting a decline of 34.78% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses was ¥11,354,968.98, a decrease of 53.72% year-on-year[3] - The basic earnings per share for the period was ¥0.0645, down 34.72% from the same period last year[3] - Net profit for the first three quarters of 2025 was ¥78,442,806.33, a decrease of 14.29% from ¥91,571,395.58 in the previous year[19] - The total comprehensive income for the first three quarters was ¥78,442,806.33, down from ¥91,571,395.58 year-over-year[19] Research and Development - Research and development expenses totaled ¥14,850,155.53, accounting for 9.23% of operating revenue, an increase of 0.5 percentage points[4] - Research and development expenses for the first three quarters were ¥44,073,683.48, an increase of 13.36% compared to ¥38,982,101.97 in the same period last year[18] Assets and Liabilities - The total assets at the end of the period were ¥2,006,988,781.69, an increase of 4.69% compared to the end of the previous year[4] - The company's total liabilities amounted to ¥778,033,985.91, an increase from ¥734,836,899.85 in the previous year[15] - Total current assets as of September 30, 2025, amount to ¥944,400,675.74, an increase from ¥862,227,464.92 in the previous year[13] - Total non-current assets as of September 30, 2025, amount to ¥1,062,588,105.95, compared to ¥1,054,807,529.28 in the previous year[13] - Total assets as of September 30, 2025, are ¥2,006,988,781.69, up from ¥1,917,034,994.20 in the previous year[13] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥118,979,536.93, an increase of 47.58%[9] - In the first three quarters of 2025, the cash inflow from operating activities reached ¥547,898,358.56, a 48.6% increase compared to ¥368,813,219.16 in the same period of 2024[21] - The net cash flow from operating activities for the first three quarters of 2025 was ¥118,979,536.93, up 47.5% from ¥80,621,634.38 in 2024[21] - The total cash outflow from operating activities in the first three quarters of 2025 was ¥428,918,821.63, an increase from ¥288,191,584.78 in 2024[21] - The total cash outflow from investing activities in the first three quarters of 2025 was ¥94,223,472.07, a decrease of 41.6% from ¥161,451,871.20 in 2024[22] - The net cash flow from investing activities for the first three quarters of 2025 was -¥93,799,934.57, an improvement compared to -¥161,451,871.20 in 2024[22] - The cash inflow from financing activities in the first three quarters of 2025 was ¥145,537,600.00, down 19.6% from ¥181,100,000.00 in 2024[22] - The net cash flow from financing activities for the first three quarters of 2025 was -¥36,040,420.36, compared to a positive net cash flow of ¥61,501,952.77 in 2024[22] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2025 was ¥262,614,713.74, an increase from ¥177,070,956.16 at the end of the same period in 2024[22] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 9,849[11] - The largest shareholder, Yan Qi, holds 37,317,391 shares, representing 14.44% of total shares[11] Strategic Initiatives - The company plans to expand its market presence and invest in new technologies to drive future growth[20] - The company’s cash flow management strategies are under review to enhance liquidity and operational efficiency[20] Accounting Standards - The company has not adopted new accounting standards for the year 2025[23]

Core Insights - The company reported a third-quarter revenue of 161 million yuan, representing a year-on-year decline of 10.87% [1] - The net profit for the third quarter was 16.66 million yuan, down 34.78% year-on-year [1] - For the first three quarters, the company achieved a revenue of 530 million yuan, which is a year-on-year increase of 1.95% [1] - The net profit for the first three quarters was 77.87 million yuan, reflecting a year-on-year decrease of 16.04% [1] Financial Performance - Third-quarter revenue: 161 million yuan, down 10.87% year-on-year [1] - Third-quarter net profit: 16.66 million yuan, down 34.78% year-on-year [1] - Year-to-date revenue (first three quarters): 530 million yuan, up 1.95% year-on-year [1] - Year-to-date net profit (first three quarters): 77.87 million yuan, down 16.04% year-on-year [1]

Core Viewpoint - The aviation equipment sector experienced a rise of 1.11% on October 28, with Tongyi Aerospace leading the gains, while the overall market indices showed a decline [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3988.22, down 0.22%, and the Shenzhen Component Index closed at 13430.1, down 0.44% [1]. - Key stocks in the aviation equipment sector showed significant gains, with Tongyi Aerospace rising by 6.00% to a closing price of 17.15 [1]. Group 2: Stock Performance - Notable performers included: - Filihua, which increased by 5.47% to 88.00, with a trading volume of 444,000 shares and a transaction value of 3.838 billion [1]. - Maixinlin, up 5.02% to 65.69, with a trading volume of 81,700 shares and a transaction value of 536 million [1]. - Chengxi Aviation, which rose by 4.91% to 17.31, with a trading volume of 430,300 shares and a transaction value of 739 million [1]. Group 3: Capital Flow - The aviation equipment sector saw a net inflow of 308 million from institutional investors, while retail investors experienced a net outflow of 360 million [2][3]. - Key stocks with significant capital inflows included: - Filihua with a net inflow of 318 million, accounting for 8.30% of its trading volume [3]. - Zhonghang Shenfei with a net inflow of 284 million, representing 11.17% of its trading volume [3].