证券代码：688552 证券简称：航天南湖 公告编号：2025-033 航天南湖电子信息技术股份有限公司 关于变更持续督导保荐代表人的公告 董事会 2025年11月25日 刘铭哲先生，保荐代表人，硕士学历，现任中信建投证券投资银行业务管理委员会高级副总裁，曾主持 或参与的项目有：航天南湖首次公开发行股票、金凯生科首次公开发行股票、燕东微首次公开发行股 票、雷赛智能首次公开发行股票、新希望公开发行可转换公司债券、经纬纺机主动退市等项目。在保荐 业务执业过程中严格遵守《证券发行上市保荐业务管理办法》等相关规定，执业记录良好。 航天南湖电子信息技术股份有限公司（以下简称"公司"）于近日收到中信建投证券股份有限公司（以下 简称"中信建投证券"）出具的《关于变更航天南湖电子信息技术股份有限公司首次公开发行股票并在科 创板上市持续督导保荐代表人的函》。中信建投证券作为公司首次公开发行股票并在科创板上市项目的 保荐人和持续督导机构，原指派张冠宇女士和侯顺先生担任保荐代表人负责保荐工作及持续督导工作， 现侯顺先生因工作变动，不再担任公司持续督导的保荐代表人。为保证持续督导工作的有序进行，中信 建投证券委派刘铭哲先生（简历见附 ...

（文章来源：证券日报） 证券日报网讯 11月24日晚间，航天南湖发布公告称，本次保荐代表人变更后，公司持续督导保荐代表 人为张冠宇女士和刘铭哲先生，持续督导期至2026年12月31日止。 ...

特此公告。 航天南湖电子信息技术股份有限公司 董事会 证券代码：688552 证券简称：航天南湖 公告编号：2025-033 航天南湖电子信息技术股份有限公司 关于变更持续督导保荐代表人的公告 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。 航天南湖电子信息技术股份有限公司（以下简称"公司"）于近日收到中信 建投证券股份有限公司（以下简称"中信建投证券"）出具的《关于变更航天南 湖电子信息技术股份有限公司首次公开发行股票并在科创板上市持续督导保荐 代表人的函》。中信建投证券作为公司首次公开发行股票并在科创板上市项目的 保荐人和持续督导机构，原指派张冠宇女士和侯顺先生担任保荐代表人负责保荐 工作及持续督导工作，现侯顺先生因工作变动，不再担任公司持续督导的保荐代 表人。为保证持续督导工作的有序进行，中信建投证券委派刘铭哲先生（简历见 附件）接替侯顺先生担任公司持续督导的保荐代表人，继续履行持续督导职责。 本次保荐代表人变更后，公司持续督导保荐代表人为张冠宇女士和刘铭哲先 生，持续督导期至 2026 年 12 月 31 日止。本次变 ...

从资金流向上来看，当日低空经济板块主力资金净流入24.83亿元，游资资金净流出18.38亿元，散户资金 净流出6.45亿元。低空经济板块个股资金流向见下表： 证券之星消息，11月24日低空经济板块较上一交易日上涨2.67%，招标股份领涨。当日上证指数报收于 3836.77，上涨0.05%。深证成指报收于12585.08，上涨0.37%。低空经济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) | | --- | --- | --- | --- | --- | --- | | 301136 | 指标股份 | 16.32 | 20.00% | 19.77万 | 3.15亿 | | 301232 | 飞沃科技 | 58.15 | 11.46% | 9.71万 | 5.51亿 | | 600855 | 航天长峰 | 16.68 | 10.03% | 46.93万 | 7.67亿 | | 002413 | 雷科防务 | 6.37 | 10.02% | 122.16万 | 7.65亿 | | 000547 | 航天发展 | 13.64 | 10.00% | 533.86 ...

11月24日，A股股指午后全线翻红，盘面上，拼多多、中船系、商业航天板块强势领涨，截至14点，通 用航空ETF基金（159230）涨3.4%，其持仓股雷科防务涨停，晨曦航空涨9.82%，航天南湖、铂力特、 四创电子、华力创通等股涨幅均超7%。 中信建投证券指出，通用航空产业作为新质生产力的重要领域，兼具低空经济的基础属性，成长风格凸 显。其分析认为，在政策密集支持、技术持续突破以及应用场景不断拓展的驱动下，低空经济产业链将 迎来快速发展，预计到2035年产业规模有望达到3.5万亿元；同时，在逆全球化背景下，通用航空领域 内兼具军民业务的企业，也有望受益于军贸需求的提升。 （文章来源：每日经济新闻） 消息面上，近日，2025湖南（国际）通用航空及低空经济产业博览会在湖南举行。博览会以"发展低空 经济，引领美好生活"为主题，展览面积6万平方米，设置低空空域管理改革成果、先进制造装备、应用 场景、新型基础设施等展区，并举办新品发布、技术交流与应用等20余场重点活动，吸引200余家龙头 企业参与。 近年来，湖南低空经济发展成效显著，已建成245平方公里验证测试区，布局687个低空应用场景。多家 企业依托各自优势，将自 ...

Market Overview - The military electronics sector experienced a decline of 0.61% on November 20, with Aerospace South Lake leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Stock Performance - Notable gainers in the military electronics sector included: - Aerospace Development (000547) with a closing price of 13.78, up 9.98% and a trading volume of 6.7656 million shares, totaling 8.763 billion yuan [1] - Guanshang Technology (301213) closed at 64.25, up 5.57% with a trading volume of 36,600 shares, totaling 230 million yuan [1] - National Science and Technology (301571) closed at 47.70, up 3.47% with a trading volume of 160,800 shares, totaling 288 million yuan [1] - Conversely, significant decliners included: - Aerospace South Lake (688552) closed at 33.35, down 5.58% with a trading volume of 44,000 shares, totaling 149 million yuan [2] - Yaguang Technology (300123) closed at 6.92, down 4.95% with a trading volume of 2.4271 million shares, totaling 169.6 million yuan [2] - Tianhe Defense (300397) closed at 13.71, down 3.99% with a trading volume of 501,200 shares, totaling 686 million yuan [2] Capital Flow - The military electronics sector saw a net outflow of 1.493 billion yuan from institutional investors, while retail investors contributed a net inflow of 926 million yuan [2][3] - Key stocks with significant capital flow included: - Huali Chuantong (300045) with a net inflow of 52.0934 million yuan from institutional investors, but a net outflow from retail investors [3] - Jingjiawei (300474) had a net inflow of 26.3674 million yuan from institutional investors, with a net outflow from retail investors [3] - Guanshang Technology (301213) experienced a net inflow of 13.9259 million yuan from institutional investors, but also saw outflows from retail investors [3]

证券之星消息，11月18日军工电子板块较上一交易日下跌1.12%，航天南湖领跌。当日上证指数报收于 3939.81，下跌0.81%。深证成指报收于13080.49，下跌0.92%。军工电子板块个股涨跌见下表： 从资金流向上来看，当日军工电子板块主力资金净流出10.69亿元，游资资金净流入2.18亿元，散户资金 净流入8.5亿元。军工电子板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000547 | 航天发展 | 11.39 | 10.05% | 409.14万 | 45.97亿 | | 000638 | *ST万方 | 6.00 | 5.08% | 40.63万 | 2.40亿 | | 300726 | 宏达电子 | 41.65 | 4.26% | 13.26万 | 5.50亿 | | 688272 | 富吉瑞 | 26.41 | 3.77% | - 3.16万 | 8255.46万 | | 688629 | 华丰科技 | 87.31 | 2.14% | 24.66万 ...

Core Viewpoint - The defense and military industry is expected to experience another upward trend due to multiple influencing factors, including geopolitical risks, technological advancements, and policy support [1]. Group 1: Market Performance - The military sector has continued its strong performance, with notable stocks such as Aerospace Development (000547) and Great Wall Military (601606) showing significant gains, including a net inflow of 1.828 billion yuan [1]. - The average stock price increase for military concept stocks this year is 30.94%, with North China Long Dragon leading with a 342.24% increase [2]. - Six military concept stocks have received institutional research attention in November, indicating strong interest from investors [2]. Group 2: Company Performance - Major companies in the military sector, including China Shipbuilding (600150) and AVIC Chengfei (302132), reported net profits exceeding 1 billion yuan in the first three quarters [3]. - Several companies, such as Zhenray Technology and North China Long Dragon, have turned losses into profits, with some achieving over 100% year-on-year profit growth [3]. - Institutions predict that nine military stocks will see significant profit increases by 2025, with expected growth rates exceeding 100% [3]. Group 3: Future Outlook - The military industry is poised to benefit from rising geopolitical risks, modernization goals, and expanding military trade markets, with high-end weapon exports expected to increase [1]. - Technological innovations, such as 3D printing and recyclable rockets, are anticipated to drive growth in the sector [1].

Investment Rating - The report maintains a "Positive" outlook on the defense and military industry, indicating a turning point in profitability and growth potential [6][4]. Core Insights - The military industry is expected to enter a new growth cycle driven by the initiation of the "14th Five-Year Plan" equipment construction, military trade, and commercial aerospace advancements [2][3]. - The overall revenue for the military sector increased by 3.07% year-on-year in the first three quarters of 2025, while net profit attributable to shareholders decreased by 9.89%, showing a narrowing decline compared to the previous year [6][11]. - Key segments such as components, sub-systems, and assembly levels have shown signs of recovery, with revenue growth turning positive for the first time since 2021 [18][25]. Summary by Sections 1. Performance Analysis - In Q3 2025, revenue growth rates for components, sub-systems, and assembly levels were 8.30%, 3.37%, and 1.16% respectively, marking a positive shift from negative growth in 2024 [18][19]. - The net profit for the components level increased by 6.94% year-on-year, while sub-systems and assembly levels saw declines of 28.98% and 19.48% respectively [18][23]. 2. Cash Flow Improvement - The cash flow from operations for sub-systems and assembly levels improved, while components faced temporary pressure [40][42]. - The sales collection ratio for assembly levels rose significantly by 23.23 percentage points to 92.50% in Q3 2025, indicating better cash flow management [40][41]. 3. Prepayments and Inventory - Prepayments (including contract liabilities) across all levels showed an upward trend, with assembly levels increasing by 21.85% to 63.345 billion yuan [48][49]. - Inventory levels for components, sub-systems, and assembly increased by 12.57%, 8.81%, and 19.82% respectively, suggesting a positive outlook for future performance [53][54]. 4. Segment Performance - The weaponry segment led revenue growth with a remarkable 27.52% increase, while the aerospace segment grew by 6.17% and the information technology segment by 5.37% [35][36]. - The information technology segment achieved a net profit growth rate of 136.38%, indicating strong performance and future growth potential [36][39].

航天南湖电子信息技术股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 重要内容提示： 会议召开时间：2025 年 11 月 14 日 （星期五） 15:00-16:00 证券代码：688552 证券简称：航天南湖 公告编号：2025-032 会议召开地点：上海证券交易所上证路演中心（网址：https://roadsho w.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 07 日 （星期五） 至 11 月 13 日 （星期四） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 board_nh@casic.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 航天南湖电子信息技术股份有限公司（以下简称"公司"）已于 2025 年 10 月 30 日发布公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公 司 2025 年第三季度经营成果、财务状况，公司计划 ...