合肥江航飞机装备股份有限公司 2025 年度"提质增效重回报"行动方案 半年度评估报告 公司围绕推动新质生产力和新质战斗力生成，以"十四五"规划收官为抓 手，切实履行强军首责，突破一批核心关键技术和重大科技专项任务，科研生 产经营工作有序开展，发展新动能不断增强，进一步推动"十四五"目标及重 点任务全面完成。 （一）军用航空及防务业务稳步开展 2025 年上半年，公司航空装备业务顺利推进多型号研制交付，成功中标某 两项发动机高空活门新品研制项目；通过多型号产品鉴定、评审、试验以及配 套产品装机件交付，顺利完成研制交付任务；同时，公司持续跟进各大主机型 号配套立项工作，开展多型号产品配套研制以及样件的试制和竞标工作。生产 交付能力建设方面，公司成立生产制造中心，对整个生产系统进行深度融合， 实现资源的高效整合与合理分配，进一步强化扁平化管理；优化组织机构设置， 将机加厂、热表厂、特加厂整合为零件加工中心，快速响应和满足客户需求， 敏捷提供高可靠性的产品以及良好的客户服务体验，有力保障了上半年各项产 品交付任务的顺利完成。 特种制冷业务方面，子公司天鹅公司聚焦主责主业，关注各军兵种重点项 目，提高重点项目配套成功 ...

证券代码：688586 证券简称：江航装备 公告编号：2025-037 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 9 月 1 日(星期一)至 9 月 5 日(星期五)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 hkgy@jianghang.com 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。 合肥江航飞机装备股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日在上海证券交易所网站（www.sse.com.cn）披露了公司 2025 年半年度报告， 为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况， 公司计划于 2025 年 9 月 10 日（星期三）下午 15:00-16:00 举行 2025 年半年度 业绩说明会，就投资者关心的问题进行交流。 一、业绩说明会类型 合肥江航飞机装备股份有限公司 关于召开 2025 年半年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 ...

证券代码：688586 证券简称：江航装备 公告编号：2025-033 合肥江航飞机装备股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的公告 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： 基本情况 | 投资金额 | 42,000.00 万元（含本数） | | --- | --- | | 投资种类 | 在有效控制风险的前提下，购买投资安全性高、流动性好、 | | | 期限不超过 12 个月的理财产品或存款类产品（包括但不限于 | | | 协定性存款、结构性存款、定期存款、大额存单、通知存款 | | | 等）。 | | 资金来源 | 募集资金 | 已履行的审议程序 公司于 2025 年 8 月 29 日召开第三届董事会第二次会议，审议通过了《关于 使用部分暂时闲置募集资金进行现金管理的议案》，同意在确保不影响募集资金 投资项目建设和募集资金使用，并有效控制风险的前提下，公司拟使用不超过人 民币 4.2 亿元（含本数）的暂时闲置募集资金进行现金管理，使用期限自董事会 审议通过之日起不超过 12 个月。在 ...

证券代码：688586 证券简称：江航装备 公告编号：2025-036 合肥江航飞机装备股份有限公司 关于召开2025年第三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年第三次临时股东会 （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 召开日期时间：2025 年 9 月 18 日 9 点 00 分 联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 （六） 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《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》 等有关规定执行。 （七） 涉及公开征集股东投票权 召开地点：安徽省合肥市包河工业区延安路 35 号公司会议室 （五） 网络投票的系统、起止日期和投票时间。 ...

Financial Performance - The total profit for the first half of 2025 is CNY 39,298,385.44, a decrease of 66.61% compared to the same period last year[18]. - The net profit attributable to shareholders of the listed company is CNY 36,601,412.34, down 64.86% year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is CNY 33,710,077.95, a decline of 61.60% compared to the previous year[18]. - Basic earnings per share for the first half of 2025 is CNY 0.05, a decrease of 61.54% from CNY 0.13 in the same period last year[18]. - The company's operating revenue for the first half of the year was ¥471,940,180.30, a decrease of 20.40% compared to the same period last year[19]. - Total profit for the period was ¥39,298,385.44, down 66.61% year-over-year[19]. - Net profit attributable to shareholders was ¥36,601,412.34, reflecting a decline of 64.86% compared to the previous year[19]. - The net cash flow from operating activities was -¥97,979,836.39, indicating a significant cash outflow[19]. - Earnings per share (EPS) was ¥0.05, a decrease of 61.54% year-over-year, while the diluted EPS also fell by the same percentage[20]. Research and Development - The R&D investment as a percentage of operating income is 15.47%, an increase of 3.2 percentage points from 12.27% in the previous year[18]. - Research and development investment accounted for 15.47% of operating revenue, an increase of 3.2 percentage points year-on-year[35]. - The total R&D investment amounted to ¥73,018,097.68, a slight increase of 0.39% compared to ¥72,734,625.32 in the previous year[59]. - R&D expenses increased by 10.28% to CNY 35.66 million compared to CNY 32.33 million in the previous year[77]. - R&D personnel count was 228, accounting for 17.82% of total employees, up from 17.31% in the previous year[69]. - Total R&D personnel compensation amounted to CNY 23.15 million, an increase from CNY 22.64 million year-on-year[69]. - The company has accumulated over 800 patents and has been recognized with more than 60 awards for technological achievements at various levels[43]. - The company has a cumulative total of 1,515 patent applications, with 841 patents granted[57]. Market and Business Strategy - The company is involved in the development and production of aviation equipment and special refrigeration, with a focus on military and civil applications[25][26]. - The company employs a "make-to-order" procurement model and a "make-to-sell" production model to align with customer demand[27][28]. - The sales strategy includes direct sales for military products and a mix of direct and distributor sales for civil refrigeration products[28][29]. - The company is actively expanding its market in special refrigeration, securing major projects in military emergency medical fields and foreign trade[37]. - The company is focusing on enhancing the success rate of key projects in military aviation and defense, with a structured management mechanism in place[37]. - The company aims to enhance its core competitiveness in the aviation and military refrigeration industry and expand its market share[103]. Financial Position and Cash Flow - The company's total assets at the end of the reporting period were ¥3,610,454,998.75, a slight decrease of 0.24% from the previous year[19]. - The net assets attributable to shareholders decreased by 1.29% to ¥2,463,124,567.15 compared to the end of the previous year[19]. - The company reported a net cash outflow from operating activities of CNY 97.98 million, an improvement from CNY 119.89 million in the previous year[77]. - Cash inflow from operating activities for the first half of 2025 was CNY 348,319,696.15, an increase of 11.2% compared to CNY 313,306,572.15 in the first half of 2024[185]. - The ending cash and cash equivalents balance for the first half of 2025 was CNY 665,539,659.20, down from CNY 791,122,118.95 in the first half of 2024[187]. Corporate Governance and Compliance - The report is unaudited, and the management has confirmed the accuracy and completeness of the financial report[3]. - The company has committed to various promises regarding shareholder and management conduct, with all commitments being fulfilled as of the reporting period[99]. - The company has a long-term commitment to maintain compliance with regulations and commitments made by major shareholders[100]. - The controlling shareholder, AVIC, and shareholders with over 5% stake have committed to long-term holding of the company's stock and will not sell more than the legally permitted amount during the lock-up period[101]. - The company will no longer have a supervisory board as of July 1, 2024, with the audit committee of the board taking over its responsibilities[95]. Risks and Challenges - The company faces risks as outlined in the report, which investors should pay attention to[3]. - The company faces risks related to core competitiveness, operational challenges, and macroeconomic factors impacting military spending[70][72][75]. Shareholder and Capital Management - The company emphasizes shareholder returns and has detailed profit distribution policies in its articles of association, prioritizing cash dividends[103]. - The company commits to a cash dividend policy, prioritizing cash dividends with a minimum of 80% for mature stages without major capital expenditures[127]. - The expected amount for related party transactions in 2025 is RMB 203 million, with actual transactions amounting to RMB 105.82 million[135]. - The company has a positive distributable profit condition for cash dividends, requiring a standard audit report and no major investment plans[127].

Meeting Overview - The shareholder meeting of Hefei Jianghang Aircraft Equipment Co., Ltd. was held on August 14, 2025, in Hefei, Anhui Province [1]. - A total of 79 ordinary shareholders attended the meeting, representing 520,374,678 voting rights, which accounts for 65.7587% of the company's total voting rights [1]. Voting Results - All non-cumulative voting proposals were approved, with the majority of votes in favor. For instance, 99.7198% of ordinary shareholders voted in favor of one of the proposals, while only 0.2781% opposed it [1]. - The cumulative voting proposals included the election of new non-independent directors, all of which were successfully elected [2][3]. Legal Compliance - The meeting's procedures, including the qualifications of attendees and voting processes, were confirmed to comply with the Company Law and the company's articles of association, ensuring the validity of the voting results [3].

Core Viewpoint - Jianghang Equipment announced the convening of its second extraordinary general meeting of shareholders in 2025 on August 14, 2025, to review and approve the proposal to amend certain management systems [2] Group 1 - The extraordinary general meeting was held on August 14, 2025 [2] - The meeting's agenda included the review of the proposal to amend certain management systems [2]

Group 1 - Jianghang Equipment announced the election of Deng Changquan as the chairman [1]

合肥江航飞机装备股份有限公司 关于董事会换届完成及聘任高级管理人员、证券事务 代表的公告 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。 合肥江航飞机装备股份有限公司（以下简称"公司"）于 2025 年 8 月 14 日召开 2025 年第二次临时股东会，选举产生了公司第三届董事会五名非独立董 事（不含职工代表董事）和三名独立董事，并与公司一届八次职工代表大会选举 产生的一名职工代表董事共同组成公司第三届董事会。2025 年 8 月 14 日，公司 召开第三届董事会第一次会议，审议选举产生了公司董事长、董事会各专门委员 会委员并聘任新一届高级管理人员及证券事务代表。公司董事会换届选举已经完 成，现就相关情况公告如下： 一、第三届董事会换届选举情况 （一）董事选举情况 2025 年 8 月 14 日，公司召开 2025 年第二次临时股东会，本次股东会采用 累积投票制的方式选举邓长权先生、胡元枧先生、刘文彪先生、钟华先生、昝琼 先生担任第三届董事会非独立董事（不含职工代表董事），选举于增彪先生、许 常悦先生、田多雨先生担任第三届 ...

证券代码：688586 证券简称：江航装备 公告编号：2025-030 合肥江航飞机装备股份有限公司 2025年第二次临时股东会决议公告 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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 8 月 14 日 （二） 股东会召开的地点：安徽省合肥市包河工业区延安路 35 号公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 79 | | --- | --- | | 普通股股东人数 | 79 | | 2、出席会议的股东所持有的表决权数量 | 520,374,678 | | 普通股股东所持有表决权数量 | 520,374,678 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 65.7587 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 65.7587 | （四） ...