关于新增关联方及增加2025年度日常关联 交易预计额度及预计2026年度公司日常性 证券代码：688543 证券简称：国科军工 公告编号：2025-066 江西国科军工集团股份有限公司 重要内容提示： 是否需要提交股东会审议：是 日常关联交易对上市公司的影响：本次预计的日常性关联交易是为了满足公司日常业务发展需要，有利 于公司与关联人双方业务的发展。关联交易将遵循自愿平等、互惠互利、公平公允的市场原则，参考市 场公允价格进行协商定价，制定合同条款，不存在损害公司及中小股东利益的情形。公司与各关联人在 业务、人员、财务、资产、机构等方面独立，关联交易不会对公司的独立性构成影响，公司主要业务也 不会因此类交易而对关联方形成依赖。 一、日常关联交易的基本情况 关联交易的公告 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。 （一）日常关联交易履行的审议程序 1、独立董事专门会议审议情况 公司于2025年12月10日召开第三届独立董事第六次专门会议，与会董事认真审阅了《关于新增关联方及 增加2025年度日常关联交易预计额度的议案》《 ...

国泰海通证券股份有限公司 关于江西国科军工集团股份有限公司 2026 年度公司日常性关联交易预计的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为江西 国科军工集团股份有限公司（以下简称"国科军工"或"公司"）首次公开发行股票 并在科创板上市的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证 券交易所科创板股票上市规则》《上海证券交易所科创板上市公司自律监管指引 第 1 号——规范运作》《上海证券交易所上市公司自律监管指引第 5 号——交易 与关联交易》等相关法律法规及规范性文件的规定，对国科军工日常关联交易预 计事项进行了审慎核查，具体情况如下： 一、日常关联交易基本情况 注：在上述关联交易总额范围内，公司及子公司可以根据实际情况在同一控制下的不同关联 人之间对关联交易金额进行内部调剂。 （三）2026年度日常关联交易类别和预计金额 单位：人民币 万元 | | | | 年度 2026 | | 2025 | | | --- | --- | --- | --- | --- | --- | --- | | | | | 预计关联 | 年 2025 | 年 1-11 | 本次预计金 ...

国泰海通证券股份有限公司 关于江西国科军工集团股份有限公司 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为江西 国科军工集团股份有限公司（以下简称"国科军工"或"公司"）首次公开发行股票 并在科创板上市持续督导保荐机构，根据《证券发行上市保荐业务管理办法》《上 市公司募集资金监管规则》《上海证券交易所科创板股票上市规则》《上海证券交 易所科创板上市公司自律监管指引第 1 号——规范运作》《上海证券交易所上市 公司自律监管指引第 5 号——交易与关联交易》等法律法规，对国科军工 2025 年度新增关联方及增加 2025 年度日常关联交易预计额度进行了核查，具体情况 如下： 一、本次新增关联方及增加日常关联交易情况 （一）新增关联方情况 本次新增关联方为江西省信航航空科技有限公司，江西省信航航空科技有限 公司主要从事航空、船舶、汽车、电子行业配套产品零部件、工模夹具及电子产 品的研制、开发、生产和销售，公司因部分业务需要拟与江西省信航航空科技有 限公司建立合作关系，采购部分货物用于生产活动。 （二）本次增加日常关联交易具体情况 单位：万元 | | | | | | | | 年 2025 | | ...

证券代码：688543 证券简称：国科军工 公告编号：2025-066 江西国科军工集团股份有限公司 关于新增关联方及增加 2025 年度日常关联交易预计额度及 预计 2026 年度公司日常性关联交易的公告 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： 是否需要提交股东会审议：是 日常关联交易对上市公司的影响：本次预计的日常性关联交易是为了满 足公司日常业务发展需要，有利于公司与关联人双方业务的发展。关联交易将 遵循自愿平等、互惠互利、公平公允的市场原则，参考市场公允价格进行协商 定价，制定合同条款，不存在损害公司及中小股东利益的情形。公司与各关联 人在业务、人员、财务、资产、机构等方面独立，关联交易不会对公司的独立 性构成影响，公司主要业务也不会因此类交易而对关联方形成依赖。 一、日常关联交易的基本情况 （一）日常关联交易履行的审议程序 1、独立董事专门会议审议情况 公司于 2025 年 12 月 10 日召开第三届独立董事第六次专门会议，与会董事 认真审阅了《关于新增关联方及增加 2025 年度日常关 ...

证券代码：688543 证券简称：国科军工 公告编号：2025-067 江西国科军工集团股份有限公司 关于召开2025年第四次临时股东会的通知 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。 召开日期时间：2025 年 12 月 26 日 14 点 00 分 （一） 股东会类型和届次 2025年第四次临时股东会 （二） 股东会召集人：董事会 （三） 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 （四） 现场会议召开的日期、时间和地点 召开地点：江西省南昌市南昌经济技术开发区建业大街 999 号二楼会议室 （五） 网络投票的系统、起止日期和投票时间。 重要内容提示： 网络投票系统：上海证券交易所股东大会网络投票系统 一、 召开会议的基本情况 网络投票起止时间：自2025 年 12 月 26 日 至2025 年 12 月 26 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 股东会召开日期：2025年12月26日 本次股东会采用的网络投票系统：上海证券交易所股东大会网络投票系 统 ...

证券代码：688543 证券简称：国科军工 公告编号：2025-065 江西国科军工集团股份有限公司 第三届董事会第二十三次会议决议公告 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、董事会会议召开情况 江西国科军工集团股份有限公司(以下简称"公司")于 2025 年 12 月 10 日 以现场结合通讯方式召开第三届董事会第二十三次会议(以下简称"本次会议")。 根据《江西国科军工集团股份有限公司章程》（以下简称"《公司章程》"）的 规定，本次会议通知已于 2025 年 12 月 1 日以书面结合通讯方式发送。本次会议 由公司董事长余永安先生召集和主持，应参会董事 7 名，实际参会董事 7 名。本 次会议的召集、召开和表决情况符合《中华人民共和国公司法》及有关法律法规 的规定。参会董事审议并以投票表决方式通过了以下议案： 全体董事对本次董事会会议议案进行了审议，经表决形成如下决议： （一）审议通过《关于新增关联方及增加 2025 年度日常关联交易预计额度 的议案》 董事余永安、黄军华、杜增龙、罗汉回避表决，表决结果： ...

Core Insights - The aerospace ETF Tianhong (159241) has shown active trading with a turnover of 16.55% and a transaction volume of 89.89 million yuan, reflecting strong market interest [1] - The CN5082 index, which tracks the aerospace industry, has risen by 1.95%, marking three consecutive days of gains, with notable increases in stocks such as Guangqi Technology (10.01%) and Aerospace Development (9.99%) [1] - The establishment of the Commercial Space Administration by the National Space Administration signifies a new phase of standardized development in China's commercial aerospace market, projected to reach a market size of 2.8 trillion yuan by 2025 [2] Product Highlights - The aerospace ETF Tianhong (159241) tracks the CN5082 index, which covers the aerospace industry chain, with over 68% weight in aerospace and aviation equipment, making it the highest "aerospace content" military index in the market [1] - The top ten holdings include major state-owned enterprises like Aero Engine Corporation of China and AVIC, providing both stability from core assets and growth potential from smaller market cap companies [1] Key Events - The successful launch of the Long March 7 modified rocket on November 30, which successfully placed the Shijian-28 satellite into orbit, marks the 611th flight of the Long March series [1] - The establishment of the Commercial Space Administration aims to enhance the efficiency of launch approvals and licensing, promoting the standardized and scaled development of the industry [2] - The action plan for promoting high-quality and safe development in commercial aerospace outlines four core goals, including support for low-cost technologies and the establishment of a national fund to optimize the industry ecosystem [2]

Market Overview - The ground equipment sector increased by 0.35% compared to the previous trading day, with Galaxy Electronics leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up by 0.65%, while the Shenzhen Component Index closed at 13146.72, up by 1.25% [1] Individual Stock Performance - Galaxy Electronics (002519) closed at 5.65, with a rise of 9.92% and a trading volume of 1.1756 million shares, amounting to a transaction value of 663 million yuan [1] - National Science and Technology Year (688543) closed at 56.41, up by 4.37%, with a trading volume of 159,700 shares and a transaction value of 899 million yuan [1] - Tianzuo Equipment (300922) closed at 23.38, increasing by 1.70%, with a trading volume of 42,400 shares and a transaction value of approximately 99.16 million yuan [1] - Northern Navigation (600435) closed at 13.92, up by 1.38%, with a trading volume of 122,150 shares and a transaction value of 308 million yuan [1] - Other notable performances include: - Optoelectronics (600184) at 18.48, up by 0.49% [1] - Zhongbing Hongjian (000519) at 18.59, up by 0.27% [1] - Inner Mongolia First Machinery (600967) at 17.31, up by 0.23% [1] - Ganhuakegong (000576) at 10.39, unchanged [1] - Jieqiang Equipment (300875) at 45.40, down by 1.18% [1] - ST Emergency (300527) at 8.52, down by 1.27% [1] Capital Flow Analysis - The ground equipment sector experienced a net outflow of 395 million yuan from institutional investors, while retail investors saw a net inflow of 409 million yuan [2] - The capital flow for individual stocks shows: - National Science and Technology Year had a net inflow of 32.98 million yuan from institutional investors [3] - Northern Navigation saw a net inflow of 23.03 million yuan from institutional investors [3] - Galaxy Electronics had a net inflow of 14.37 million yuan from institutional investors [3] - ST Emergency experienced a significant net outflow of 32.69 million yuan from institutional investors [3] - Other stocks like Jieqiang Equipment and Optoelectronics also faced net outflows from institutional investors [3]

Investment Rating - The report maintains an "Outperform" rating for the defense and military industry [5] Core Insights - The establishment of the Commercial Space Administration by the National Space Administration signifies a dedicated regulatory body for the commercial space industry, which is expected to drive high-quality development and benefit the entire industry chain [2][37] - The low-altitude economy is entering a phase of accelerated commercialization, with significant policy support and new product development, indicating a promising growth trajectory [3][36] - The defense and military sector is projected to experience sustained growth due to the execution of backlog orders from the 14th Five-Year Plan and the introduction of new orders under the 15th Five-Year Plan [3][38] Summary by Sections Market Review - The defense and military index rose by 2.85% last week, ranking 14th among 31 primary industries [1][13] - The current PE (TTM) for the defense and military sector is 77.60 times, with aerospace equipment at 305.61 times and military electronics at 106.55 times [1][22] Key Recommendations - Recommended companies include: 1. Downstream manufacturers: AVIC Chengfei, Hongdu Aviation, AVIC Shenyang, AVIC Xifei 2. New military technologies: Lianchuang Optoelectronics, Guangqi Technology, Zhongjian Technology 3. Underwater equipment: Yaxing Anchor Chain, Zhongke Haixun, Changying Tong 4. Missile industry chain: Feili Hua, Guoke Military Industry, Zhongbing Hongjian 5. Military titanium materials: Western Superconducting 6. Electronic components: Hongyuan Electronics, Aerospace Electric [4][40][41][42][43][44][45][46] Industry Dynamics - The National Space Administration's action plan for commercial space development aims for a significant expansion of the industry by 2027, enhancing innovation and resource utilization [2][37] - The low-altitude economy is being bolstered by new regulations and infrastructure developments, with a focus on safety and efficiency in low-altitude flight activities [3][34][36]

Core Insights - The ground armament sector experienced a rise of 1.62% on November 28, with Galaxy Electronics leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Stock Performance - Galaxy Electronics (002519) closed at 5.14, with a significant increase of 10.06%, and a trading volume of 1.41 million shares, amounting to 720 million yuan [1] - Other notable performers included: - Optoelectronics Co. (600184) at 18.39, up 6.24% [1] - National Science and Technology Car Tool (688543) at 54.05, up 3.33% [1] - Great Wall Military Industry (601606) at 52.95, up 1.63% [1] Capital Flow - The ground armament sector saw a net inflow of 76.82 million yuan from institutional investors, while retail investors contributed a net inflow of 10.6 million yuan [1] - Notable capital flows for specific stocks included: - Galaxy Electronics with a net inflow of 25.4 million yuan from institutional investors [2] - Optoelectronics Co. with a net inflow of 24.1 million yuan [2] - National Science and Technology Car Tool with a net inflow of 20.23 million yuan [2]