航天南湖电子信息技术股份有限公司 第二条 本制度所称投资者关系管理，是指公司通过便利股东权利行使、信 息披露、互动交流和诉求处理等工作，加强与投资者及潜在投资者之间的沟通， 增进投资者对公司的了解和认同，以提升公司治理水平和企业整体价值，实现 尊重投资者、回报投资者、保护投资者目的的相关活动。 第三条 投资者关系管理工作应严格遵守《公司法》《证券法》等有关法律、 法规及证券监管部门有关业务规则的规定。 第四条 投资者关系管理工作应体现合规、平等、主动、诚实守信原则，平 等对待全体投资者，保障所有投资者享有知情权及其他合法权益。 第二章 投资者关系管理的负责人 第五条 公司董事会秘书为公司投资者关系管理负责人，公司证券事务部为 投资者关系管理职能部门，具体负责公司投资者关系的日常管理工作。审计委 员会应当对投资者关系管理工作制度实施情况进行监督。 第六条 公司董事长为投资者关系管理工作的第一责任人。公司董事、高级 管理人员应积极参加重大投资者关系活动。 第七条 董事会秘书为公司投资者关系管理事务的负责人和授权发言人，负 投资者关系管理制度 第一章 总则 第一条 为了规范航天南湖电子信息技术股份有限公司（以下简称 ...

航天南湖电子信息技术股份有限公司 关联交易决策制度 第一章 总则 第一条 为规范航天南湖电子信息技术股份有限公司(以下简称"公司") 关联交易行为，提高公司规范运行水平，保护公司和全体股东的合法权益，根据 《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民共和国证券 法》（以下简称"《证券法》"）《上海证券交易所科创板股票上市规则》（以 下简称"《科创板上市规则》"）和《航天南湖电子信息技术股份有限公司章程》 （以下简称"《公司章程》"）的规定，制定本制度。 第二条 公司关联交易应当定价公允、决策程序合规、信息披露规范。公司 应当积极通过资产重组、整体上市等方式减少关联交易。 第三条 公司进行关联交易，应当保证关联交易的合法合规性、必要性和公 允性，保持公司的独立性，不得利用关联交易调节财务指标，损害公司利益。交 易各方不得隐瞒关联关系或者采取其他手段，规避公司的关联交易审议程序和 信息披露义务。 第四条 公司董事会下设的审计委员会，履行公司关联交易控制和日常管理 的职责。 第二章 关联人及关联交易认定 第五条 公司的关联人包括关联法人和关联自然人。 第六条 具有下列情形之一的自然人、法人或其他组织 ...

航天南湖电子信息技术股份有限公司 董事会议事规则 第一章 总则 第一条 为了进一步规范航天南湖电子信息技术股份有限公司（以下简称 "公司"）董事会的议事方式和决策程序，促使董事和董事会有效地履行其职责， 提高董事会规范运作和科学决策水平，根据《中华人民共和国公司法》（以下简 称"《公司法》"）《中华人民共和国证券法》（以下简称"《证券法》"）《上海证券 交易所科创板股票上市规则》（以下简称"《科创板上市规则》"）和《航天南湖电 子信息技术股份有限公司章程》（以下简称"《公司章程》"）的规定，并结合《上 市公司治理准则》以及其他法律、法规、规范性文件，制订本规则。 第二条 董事会下设董事会办公室，处理董事会日常事务。 董事会秘书或者证券事务代表兼任董事会办公室负责人，保管董事会和董事 会办公室印章。 第二章 定期会议及临时会议 第三条 董事会会议分为定期会议和临时会议，每年至少召开 4 次。 第四条 董事会每年至少召开 2 次定期会议，由董事长召集，于会议召开 10 日以前书面通知全体董事和监事。 第五条 在发出召开董事会定期会议的通知前，董事会办公室应当充分征 求各董事的意见，初步形成会议提案后交董事长拟定。 ...

航天南湖电子信息技术股份有限公司 第一条 为加强和规范航天南湖电子信息技术股份有限公司（以下简称 "公司"）内部审计工作，维护股东合法权益，提高内部审计工作质量，加大 审计监督力度，明确内部审计工作职责及规范审计工作程序，确保公司各项内 部控制制度得以有效实施，根据《中华人民共和国审计法》《审计署关于内部 审计工作的规定》以及《航天南湖电子信息技术股份有限公司章程》（以下简 称"《公司章程》"）等有关法律、法规、规章和规范性文件的规定，并结合 公司实际情况，制定本制度。 第二条 本制度所称被审计对象，特指公司各部门（含分支机构）、全资 或控股子公司及其直属分支机构（含控股子公司），上述机构相关责任人员。 第三条 本制度所称内部审计，是指由公司内部机构或人员，对其内部控 制和风险管理的有效性、财务信息的真实性和完整性以及经营活动的效率和效 果等开展的一种评价活动。 第四条 本制度所称内部控制，是由公司董事会、经理层和全体员工实施 的、旨在实现控制目标的过程。内部控制的目标是合理保证公司经营管理合法 合规、资产安全、财务报告及相关信息真实完整，提高经营效率和效果，促进 公司实现发展战略。 第五条 公司董事会应当对 ...

中信建投证券股份有限公司 关于航天南湖电子信息技术股份有限公司 2025 年半年度持续督导跟踪报告 二、保荐人和保荐代表人发现的问题及整改情况 在本持续督导期间，保荐人和保荐代表人未发现航天南湖存在重大问题。 三、重大风险事项 | 保荐人名称：中信建投证券股份 | 上市公司名称：航天南湖电子信息技术股份有限公司 | | | | | --- | --- | --- | --- | --- | | 有限公司 | | | | | | 保荐代表人姓名：张冠宇 | 联系方式：010-85130996 | | | | | | 联系地址：北京市朝阳区景辉街 号院 号楼 16 | 1 | 11 | 层 | | 保荐代表人姓名：侯顺 | 联系方式：010-65608236 | | | | | | 联系地址：北京市朝阳区景辉街 16 号院 号楼 | 1 | 11 | 层 | 经中国证券监督管理委员会（简称"中国证监会"）"证监许可〔2023〕483 号文"批准，航天南湖电子信息技术股份有限公司（简称"公司"或"航天南 湖"）首次向社会公开发行人民币普通股（A 股）8,431.2701 万股，每股面值 1.00 元。本次公司发行新 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company [3][7]. Core Insights - The company experienced significant revenue growth, achieving 519 million yuan in revenue for the first half of 2025, a 688.61% increase year-over-year, with net profit reaching 53.04 million yuan, up 234.75% from the previous year [7]. - The growth is attributed to increased product deliveries, breakthroughs in the low-altitude sector, and expansion in military trade, with military trade revenue reaching 341 million yuan [7]. - The company is actively expanding its international market presence, particularly in defense radar systems, capitalizing on global demand amid complex geopolitical situations [7]. - The company is also focusing on research and development, with R&D expenses amounting to 47.96 million yuan, representing 9.24% of total revenue [7]. Financial Data and Valuation - The projected revenue for 2025-2027 is estimated at 1.234 billion yuan, 1.687 billion yuan, and 2.136 billion yuan respectively, with corresponding net profits of 116 million yuan, 141 million yuan, and 164 million yuan [2][7]. - The company’s PE ratios for the same period are projected to be 96.0X, 78.7X, and 67.8X respectively [2][7]. - The company’s total assets are expected to grow from 6.054 billion yuan in 2025 to 10.157 billion yuan by 2027 [8]. Shareholder Information - The major shareholder is the Beijing Radio Measurement Research Institute, holding a 32.49% stake in the company [3]. Stock Performance - The stock has shown a 151% increase over the past 12 months, outperforming the benchmark index [5].

Market Overview - The military electronics sector experienced a decline of 3.42% on September 4, with Huafeng Technology leading the drop [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Stock Performance - Notable gainers in the military electronics sector included: - Yuanbo Electronics (688375) with a closing price of 66.57, up 1.45% [1] - Shenglu Communication (002446) with a closing price of 8.50, up 1.07% [1] - Significant decliners included: - Huafeng Technology (688629) with a closing price of 78.00, down 9.36% [2] - Zhonghang Chengfei (302132) with a closing price of 83.00, down 8.78% [2] Trading Volume and Capital Flow - The military electronics sector saw a net outflow of 2.969 billion yuan from institutional investors, while retail investors contributed a net inflow of 2.419 billion yuan [2][3] - The trading volume for Huafeng Technology reached 288,700 shares, with a transaction value of 2.315 billion yuan [2] Individual Stock Capital Flow - Shenglu Communication (002446) had a net inflow of 47.10 million yuan from institutional investors, while retail investors saw a net outflow of 44.18 million yuan [3] - Other stocks like Xingtu Xinke (688081) and Fuyijie (688272) also showed varied capital flows, indicating mixed investor sentiment [3]

Investment Rating - The report assigns an "Accumulate" rating for the military industry, indicating a potential increase of over 15% relative to the CSI 300 index [4][11]. Core Insights - The 80th anniversary of the victory in the Anti-Japanese War was marked by a grand ceremony in Beijing, showcasing various new military equipment, reflecting China's military technology innovation and strategic deterrence capabilities, highlighting the high prosperity of the military industry [2][4]. - The military parade featured a comprehensive display of the military's restructured force composition, including both traditional and new combat capabilities, emphasizing the integration of advanced technologies such as unmanned systems and hypersonic weapons [4]. - The military industry is expected to maintain high prosperity due to increasing defense spending driven by regional tensions and the need for modernization, particularly in the context of the 100th anniversary of the military's establishment by 2027 [4]. Summary by Sections Event Overview - The military parade included foot formations, equipment displays, and aerial formations, showcasing the systematic achievements of domestic military equipment across land, sea, air, and space [4]. - New models such as the Type 191 long-range box rocket launcher and various advanced missiles were prominently featured, demonstrating the military's capabilities and innovation [4]. Industry Outlook - The demand for military equipment is highly certain, with accelerated reforms expected to sustain high prosperity in the industry [4]. - The report anticipates a long-term positive trend in military equipment construction, with a focus on eliminating outdated equipment and enhancing high-tech capabilities [4]. Recommended Stocks - The report recommends stocks such as AVIC Shenyang Aircraft Company, AVIC Xi'an Aircraft Industry Group, and others, all rated as "Accumulate" [5].

Market Overview - The military electronics sector experienced a decline of 5.52% on September 3, with New Light Optoelectronics leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Stock Performance - New Light Optoelectronics saw a significant drop of 14.56%, closing at 37.45, with a trading volume of 76,900 shares and a transaction value of 305 million [2] - Other notable declines included AVIC Chengfei (-14.34%), Aerospace Nanhai (-13.38%), and New Jing Network (-10.86%) [2] - The military electronics sector's main stocks showed varied performance, with Huafeng Technology slightly up by 0.64% and others like Jingjia Micro down by 3.30% [1] Capital Flow - The military electronics sector experienced a net outflow of 3.639 billion yuan from institutional investors, while retail investors saw a net inflow of 3.079 billion yuan [2][3] - The data indicates that retail investors are actively buying into the sector despite the overall decline [2][3] Individual Stock Capital Flow - Kuosheng Electronics had a net inflow of 10.58 million yuan from institutional investors, while retail investors contributed a net inflow of 6.06 million yuan [3] - Other stocks like Ruichuang Micro and Guobo Electronics also showed mixed capital flows, with varying levels of institutional and retail investor participation [3]

Market Overview - A-shares experienced a volatile rise, with major indices such as the Shenzhen Component Index, ChiNext Index, and CSI 300 reaching multi-year highs, while the Shanghai Composite Index and other indices showed slight gains [1] - The market turnover decreased to 2.83 trillion yuan, indicating a slight contraction in trading activity [1] Sector Performance - The defense and military, new energy vehicles, rare metals, and consumer electronics sectors saw significant gains, while logistics, semiconductors, cloud services, and education sectors faced declines [1] - The power equipment industry attracted over 14.7 billion yuan in net inflows, with non-ferrous metals and pharmaceutical sectors also receiving over 8 billion yuan each [1] Investment Trends - The computer sector experienced a net outflow of over 10.8 billion yuan, while the electronics sector saw a net outflow of over 7.3 billion yuan [1] - Real estate and telecommunications sectors also faced net outflows exceeding 2 billion yuan [1] Defense and Military Sector - The defense and military concept saw a resurgence, with the ground equipment sector leading the gains, and the index rising from 2% to over 6% in the last hour of trading [2] - Notable stocks such as Beifang Changlong and Changcheng Military both hit the 20% limit up in the final minutes of trading [2] New Energy Vehicle Sector - The new energy vehicle sector continued its strong performance, reaching a new phase high, with several stocks hitting their daily limit [2] - The China Passenger Car Association raised its forecast for 2025 passenger car retail sales to 24.35 million units, a 6% year-on-year increase, and adjusted the export forecast to 5.46 million units, a 14% increase [2] - In the new energy vehicle segment, wholesale sales are expected to reach 15.48 million units in 2025, reflecting a 27% year-on-year growth, with a market penetration rate projected to reach 56% [2]