证券代码：688563 证券简称：航材股份 公告编号：2026-001 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，公司应当在每个月的前 3 个交易日内公告截至上 月末的回购进展情况，现将公司回购股份进展的具体情况公告如下： 截至 2025 年 12 月 31 日，公司通过集中竞价交易方式回购公司股份 1,000 股， 已回购股份占公司总股本的比例为 0.0002%，回购成交最低价格为 57.50 元/股，成 交最高价格为 57.50 元/股，成交总金额为人民币 5.75 万元（不含交易佣金等交易 费用）。 北京航空材料研究院股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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： | 回购方案首次披露日 | 2025/11/21 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期 ...

每经AI快讯，航材股份1月6日晚间发布公告称，截至2025年12月31日，公司通过集中竞价交易方式回 购公司股份1000股，已回购股份占公司总股本的比例为0.0002%，回购成交最低价格为57.5元/股，成交 最高价格为57.5元/股，成交总金额为人民币5.75万元。 每经头条（nbdtoutiao）——原指导价34.99万的宝马裸车价22.5万元，多家车企还补贴购置税！2026开 年车市火爆，销售从早到晚忙到没空吃饭 （记者 王晓波） ...

格隆汇1月6日丨航材股份(688563.SH)公布，截至2025年12月31日，公司通过集中竞价交易方式回购公 司股份1000股，已回购股份占公司总股本的比例为0.0002%，回购成交最低价格为57.50元/股，成交最 高价格为57.50元/股，成交总金额为人民币5.75万元(不含交易佣金等交易费用)。 ...

Core Insights - The report emphasizes the positive outlook for domestic demand, which is expected to drive the development of new productive forces, as highlighted by the national financial work conference held on December 27-28, 2025 [5][13] - The aerospace sector continues to show high prosperity, with the China Aerospace Science and Technology Corporation achieving a record 73 space launch missions in 2025 [5][14] - The report recommends focusing on companies that align with the "S-curve" evolution, emphasizing supply chain reform, maintenance volume, and trends towards automation and intelligence [5][15] Industry Overview - The defense and aerospace industry is experiencing a significant increase in investment, with a focus on new productive forces and comprehensive human development [5][13] - The report notes the successful IPO acceptance of Blue Arrow Aerospace, which aims to raise 7.5 billion CNY, indicating strong market interest in commercial aerospace ventures [5][14] - The report identifies three key cycles within the industry: the evolution of the "S-curve," expansion of the "S-curve," and a new cycle focusing on emerging industries such as commercial aerospace, AI, and quantum computing [5][15] Company Recommendations - Recommended companies include: - **Aero Engine Corporation of China** (航发动力): Benefiting from high-end aviation equipment production and potential for domestic engine replacement in the civil aviation market [5][21] - **AVIC Xi'an Aircraft Industry Group** (中航西飞): A major manufacturer of military and civil aircraft, expected to benefit from modernization and military trade opportunities [5][22] - **China Power** (中国动力): Positioned to benefit from the recovery of the shipbuilding industry and the transition to dual-fuel engines [5][26] - **Aero Engine Control** (航发控制): Engaged in the production of control systems for military and civil aviation engines, with a strong competitive position [5][21] - **Ziguang Guowei** (紫光国微): Focused on the semiconductor industry with a strong emphasis on domestic market growth and AI integration [5][18] Financial Analysis - The report provides detailed financial metrics for key companies, including expected earnings per share (EPS), price-to-earnings (PE) ratios, and return on equity (ROE) for 2025 and 2026 [6] - For example, **航发动力** is projected to have an EPS of 0.34 CNY in 2026 with a PE ratio of 117.74 [6] - **中航重机** is expected to achieve a net profit of 11.21 billion CNY in 2025, with a dynamic PE ratio of approximately 28X [5][24] Market Performance - The report notes that the China Securities Military Industry Index has shown a weekly increase of 2.90%, outperforming major indices such as the Shanghai Composite and Shenzhen Component [5][34] - Year-to-date, the military industry index has increased by 42.34%, indicating strong market performance relative to other sectors [5][34]

关于以集中竞价交易方式首次回购股份的公告 证券代码：688563 证券简称：航材股份 公告编号：2025-061 北京航空材料研究院股份有限公司 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。 2025 年 12 月 30 日，公司通过集中竞价交易方式首次回购公司股份 1,000 股， 已回购股份占公司总股本的比例为 0.0002%，回购成交最低价格为 57.50 元/股，成 交最高价格为 57.50 元/股，成交总金额为人民币 5.75 万元（不含交易佣金等交易 费用）。 本次回购股份符合法律法规的规定及公司回购股份方案的要求。 三、 其他事项 重要内容提示： | 回购方案首次披露日 | 2025/11/21 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 2025 | 12 | 月 | 11 | 日~2026 | 年 | 月 12 | 10 | 日 | | 预计回购金额 | 5,00 ...

格隆汇12月30日丨航材股份(688563.SH)公布，2025年12月30日，公司通过集中竞价交易方式首次回购 公司股份1,000股，已回购股份占公司总股本的比例为0.0002%，回购成交最低价格为57.50元/股，成交 最高价格为57.50元/股，成交总金额为人民币5.75万元（不含交易佣金等交易费用）。 ...

分红方面，航材股份A股上市后累计派现5.35亿元。 机构持仓方面，截止2025年9月30日，航材股份十大流通股东中，易方达上证科创板50ETF（588080） 位居第二大流通股东，持股487.94万股，相比上期减少70.87万股。华夏上证科创板50成份ETF （588000）位居第三大流通股东，持股475.58万股，相比上期减少267.01万股。易方达国防军工混合A （001475）位居第四大流通股东，持股395.32万股，相比上期增加11.10万股。富国中证军工龙头ETF （512710）位居第五大流通股东，持股308.10万股，相比上期增加49.51万股。南方中证500ETF （510500）位居第七大流通股东，持股202.54万股，相比上期减少5298.00股。南方军工改革灵活配置混 合A（004224）退出十大流通股东之列。 责任编辑：小浪快报 资料显示，北京航空材料研究院股份有限公司位于北京市海淀区永翔北路5号，成立日期2000年4月10 日，上市日期2023年7月19日，公司主营业务涉及主要从事航空、航天用部件及材料研发、生产和销 售。主营业务收入构成为：航空成品件46.54%，基础材料44.60 ...

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" for the aerospace power industry [5] Core Insights - The aerospace power industry is approaching a strategic layout timing, with a focus on downstream sectors such as aerospace power and control systems, benefiting from the iteration and release of new aircraft models [1][2] - The maintenance aftermarket is expected to become a second growth curve, with significant revenue generated from maintenance services [2] - The "14th Five-Year Plan" has seen key models of large engines entering a stock market phase, while medium engines are experiencing a recovery in growth [1][16] - The supply chain has matured, with a stable supplier landscape and reduced disturbances from new entrants [2][24] Summary by Sections Industry Overview - The large engine industry has entered a stock market phase, with the maintenance aftermarket opening up; medium engine growth is recovering [16] - The small thrust and turboshaft engine sectors are experiencing further contraction [18] - Key upstream suppliers in the aerospace power system have seen growth rates narrow, indicating a transition to a stable phase [20] - New suppliers have reached considerable capacity during the "14th Five-Year Plan" [21] Main Engine Manufacturers - Major manufacturers include the Dawn Company, West Aviation Group, Guizhou Liyang, and Southern Company, which form a comprehensive platform for the development and production of all types of aircraft engines [31] Supply Chain - The "small core, big collaboration" system has matured, with significant growth in strategic external suppliers while some internal suppliers face declining revenues [24] - The report highlights the importance of the maintenance aftermarket and military trade as potential growth areas [30] Future Outlook - The report suggests that the aerospace power industry will see structural growth driven by the maintenance aftermarket and military exports, particularly in light of geopolitical factors [2][30]

证券日报网讯12月24日，航材股份在互动平台回答投资者提问时表示，公司严格遵守相关监管规则，治 理结构规范，生产经营情况一切正常，不存在违规行为，始终严格按照监管要求履行信息披露义务，不 存在应披露未披露事项。 ...

Core Viewpoint - The company is in the early stages of its commercial aerospace business, with a low revenue contribution from this segment currently [2] Group 1: Company Overview - The company's products are primarily focused on aerospace products [2] - The revenue from the commercial aerospace sector is currently a small percentage of total revenue [2] Group 2: Future Outlook - The company plans to continue monitoring commercial opportunities in the aerospace sector [2]