Core Viewpoint - The company is currently conducting its production and research tasks normally, with a reported revenue of 585 million yuan for the first three quarters of 2025 [1] Group 1: Financial Performance - The company achieved a revenue of 585 million yuan in the first three quarters of 2025 [1] - The revenue from domestic radar complete products is characterized by seasonality, primarily concentrated in the second half of the year, especially in the fourth quarter [1] Group 2: Product Delivery and Sales - The company’s military trade products are mainly sold through overall units and military trade companies, with the final customers being overseas clients [1] - The production and delivery cycle for radar complete products generally ranges from 1 to 3 years, influenced by product model, customer demand, and transportation conditions [1] - The company will fulfill delivery according to specific contract agreements [1]

航天南湖电子信息技术股份有限公司 2025 年第四次临时股东会会议资料 证券代码：688552 证券简称：航天南湖 航天南湖电子信息技术股份有限公司 2025 年第四次临时股东会 会议资料 二〇二五年十二月 第 1 页 共 7 页 航天南湖电子信息技术股份有限公司 2025 年第四次临时股东会会议资料 目录 | 航天南湖电子信息技术股份有限公司 | 2025 年第四次临时股东会会议须知 3 | | --- | --- | | 航天南湖电子信息技术股份有限公司 | 2025 年第四次临时股东会会议议程 4 | | 议案一：关于续聘 2025 | 年度审计机构的议案 5 | 第 2 页 共 7 页 航天南湖电子信息技术股份有限公司 2025 年第四次临时股东会会议资料 航天南湖电子信息技术股份有限公司 2025 年第四次临时股东会会议须知 为确保公司股东在 2025 年第四次临时股东会期间依法行使权利，保证股东 会的会议秩序和议事效率，依据中国证监会《上市公司股东会规则》及公司《股 东会议事规则》的有关规定，特制定本须知。 一、公司负责本次股东会的议程安排和会务工作，出席会议人员应当配合公 司工作人员安排，共同维 ...

Core Insights - The commercial aerospace sector has attracted significant capital market interest, with the Wind Commercial Aerospace Index showing a year-to-date increase of over 28%, outperforming the broader market [1] - Several stocks in this sector, including Srey New Materials, Longxi Co., and Chaozhuo Aerospace Technology, have seen their year-to-date gains exceed 100% [1] Financing and Leverage - As of November 27, the overall financing balance for commercial aerospace concept stocks approached 30 billion yuan, representing an increase of over 25% compared to the end of last year [1] - Companies such as Feili Hua, Aerospace Huan Yu, Chaozhuo Aerospace Technology, and Srey New Materials have experienced over 100% increase in financing from investors [1] Shareholder Dynamics - Among the commercial aerospace concept stocks, 7 companies reported a decrease in the number of shareholders compared to the end of Q3, with 5 of these stocks seeing a decline of over 3% in shareholder numbers, including Boyun New Materials, Aerospace Nanhu, and Landun Optoelectronics [1] Market Performance - Within the 7 stocks that saw a decrease in shareholder numbers, AVIC Xi'an Aircraft Industry and Thunder Micro Power have both declined by over 10% year-to-date, while Boyun New Materials and Aerospace Nanhu have performed well with significant gains [1] - Aerospace Nanhu has attracted nearly 75% increase in financing from investors this year, and all three companies—Aerospace Nanhu, AVIC Xi'an Aircraft Industry, and Aerospace Rainbow—have been the focus of research from over 80 institutions this year [1]

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]

调整 2025 年度日常关联交易预计额度的核查意见 中信建投证券股份有限公司（以下简称"保荐人"）作为航天南湖电子信息 技术股份有限公司（以下简称"航天南湖"或"公司"）首次公开发行股票并在 科创板上市的保荐人和持续督导机构，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》和《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》等相关规定，对航天南湖调整 2025 年度日常 关联交易预计额度事项进行了审慎核查，核查情况及核查意见如下： 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 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 航天南湖于 2024 年 12 月 30 日召开第四届董事会第十四次会议和第四届监 事会第九次会议审议通过了《关于 2025 年度日常关联交易预计额度的议案》， 根据经营发展需要，预计公司 2025 年度关联销售新签合同金额为 37,330.00 万 元，关联采购新签合同金额为 15,623.00 万元。上述关联交易事项已经公司 2025 年 1 月 15 日召开的 2025 年第一次临时股东会审议通过。 2025 ...

证券代码：688552 证券简称：航天南湖 公告编号：2025-034 航天南湖电子信息技术股份有限公司 关于调整 2025 年度日常关联交易预计额度的公告 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： 本次调整日常关联交易预计额度事项无需提交公司股东会审议。 本次调整日常关联交易预计额度事项是基于公司业务发展以及生产经营 需要，关联交易在正常市场交易条件的基础上进行，定价公允，不存在损害公司 和全体股东特别是中小股东利益的情形。本次关联交易不会影响公司的独立性。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 航天南湖电子信息技术股份有限公司（以下简称"公司"、"航天南湖"）于 2024 年 12 月 30 日召开第四届董事会第十四次会议和第四届监事会第九次会议 审议通过了《关于 2025 年度日常关联交易预计额度的议案》，根据经营发展需要， 预计公司 2025 年度关联销售新签合同金额为 37,330.00 万元，关联采购新签合 同金额为 15,623.00 万元。上述关联交易事项已经公司 2 ...

证券代码：688552 证券简称：航天南湖 公告编号：2025-035 航天南湖电子信息技术股份有限公司 关于续聘会计师事务所的公告 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： 拟聘任的会计师事务所名称：致同会计师事务所（特殊普通合伙） 一、拟聘任会计师事务所的基本情况 （一）机构信息 致同所已购买职业保险，累计赔偿限额 9 亿元，职业保险购买符合相关规定。 1、基本信息 会计师事务所名称：致同会计师事务所（特殊普通合伙） 成立日期：1981 年【工商登记：2011 年 12 月 22 日】 注册地址：北京市朝阳区建国门外大街 22 号赛特广场五层 首席合伙人：李惠琦 执业证书颁发单位及序号：北京市财政局 NO 0014469 截至 2024 年末，致同会计师事务所（特殊普通合伙）（以下简称"致同所"） 从业人员近六千人，其中合伙人 239 名，注册会计师 1,359 名，签署过证券服务 业务审计报告的注册会计师超过 400 人。 致同所 2024 年度业务收入 26.14 亿元，其中审计业务收入 21.0 ...

证券代码：688552 证券简称：航天南湖 公告编号：2025-036 航天南湖电子信息技术股份有限公司 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。 重要内容提示： 一、 召开会议的基本情况 （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 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 15 日 至2025 年 12 月 15 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 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 股东会召开日期：2025年12月15日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 （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 ...

证券日报网讯航天南湖11月25日在互动平台回答投资者提问时表示，截至2025年11月20日，公司的股东 数为12，326户。 ...

Core Viewpoint - The announcement details the change of the continuous supervision sponsor representative for Aerospace Nanhua Electronic Information Technology Co., Ltd. from Huo Shun to Liu Mingzhe, ensuring the continuity of supervision work [1][2]. Group 1: Change of Sponsor Representative - Aerospace Nanhua has received a notice from CITIC Securities regarding the change of its continuous supervision sponsor representative due to Huo Shun's work relocation [1]. - Liu Mingzhe has been appointed to replace Huo Shun, alongside Zhang Guanyu, as the new continuous supervision sponsor representatives [1]. - The continuous supervision period is set to last until December 31, 2026, and the change will not affect the ongoing supervision work by CITIC Securities [1]. Group 2: Acknowledgment of Contributions - The board of directors expresses sincere gratitude for Huo Shun's contributions during his tenure as the continuous supervision sponsor representative [2]. Group 3: Background of Liu Mingzhe - Liu Mingzhe holds a master's degree and is currently a senior vice president at CITIC Securities' Investment Banking Business Management Committee [3]. - He has participated in various IPO projects, including those of Aerospace Nanhua and others, and has a good record in compliance with relevant regulations [3].