证券代码：688586 证券简称：江航装备 公告编号：2026-002 合肥江航飞机装备股份有限公司 关于股票交易异常波动的公告 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： 合肥江航飞机装备股份有限公司（以下简称"公司"或"本公司"）股 票交易连续 3 个交易日内（2026 年 1 月 8 日、2026 年 1 月 9 日和 2026 年 1 月 12 日）收盘价格涨幅偏离值累计超过 30%，根据《上海证券交易所交易规则》 《上海证券交易所科创板股票异常交易实时监控细则》的相关规定，属于股票 交易异常波动情形。 经公司自查并向公司控股股东及实际控制人书面核实：截至本公告披露 之日，公司不存在应披露而未披露的重大事项。 公司经营业绩风险：公司 2025 年 1-9 月归属于上市公司股东的净利润 同比下降 68.97%，扣除非经常性损益后的归属于上市公司股东的净利润同比 下降 67.09%。公司经营业绩受市场环境和竞争格局变化等因素影响，具有一 定的不确定性。公司特别提醒投资者注意经营相关风险。 公司股价短 ...

Core Viewpoint - The company's stock experienced an abnormal fluctuation with a cumulative closing price increase exceeding 30% over three consecutive trading days from January 8 to January 10, 2026, indicating unusual market activity [1] Group 1: Stock Performance - The stock price increase is classified as an abnormal fluctuation, with no significant undisclosed matters affecting the company [1] - The company confirmed that its production and operations are normal, and there were no stock trading activities by executives during the fluctuation period [1] Group 2: Financial Performance - For the period from January to September 2025, the company's net profit attributable to shareholders decreased by 68.97% year-on-year [1] - The net profit, after excluding non-recurring items, fell by 67.09% year-on-year, indicating significant financial challenges [1] - Investors are advised to be cautious regarding trading and operational risks due to the substantial decline in profitability [1]

Core Viewpoint - The aviation equipment sector experienced a significant increase of 4.11% on January 12, with Jianghang Equipment leading the gains, reflecting positive market sentiment in this industry [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4165.29, up by 1.09%, while the Shenzhen Component Index closed at 14366.91, up by 1.75% [1]. - Jianghang Equipment (688586) saw a closing price of 18.16, with a remarkable increase of 17.01% and a trading volume of 563,600 shares, amounting to a transaction value of 9.51 billion [1]. - Other notable performers included Xibu Superconductor (688122) with a closing price of 106.21, up by 14.27%, and Huamai Technology (688281) at 104.01, up by 12.29% [1]. Group 2: Fund Flow Analysis - The aviation equipment sector experienced a net outflow of 1.313 billion from institutional investors, while retail investors saw a net inflow of 852 million [2]. - The individual stock fund flow indicated that Guangwei Composite (300699) had a net inflow of 2.39 million from institutional investors, while it faced a net outflow of 28.2 million from retail investors [3]. - Zhongjian Technology (300777) reported a net inflow of 102 million from institutional investors, contrasting with a net outflow of 36.97 million from retail investors [3].

Group 1 - Jianghang Equipment Co., Ltd. experienced a stock price increase of 5.03%, reaching 16.30 CNY per share, with a trading volume of 13.06 million CNY and a turnover rate of 0.10%, resulting in a total market capitalization of 12.899 billion CNY [1] - The company, established on December 28, 2007, and listed on July 31, 2020, is located in Hefei, Anhui Province, and specializes in aviation equipment and special refrigeration, including the development, production, sales, and repair of aviation oxygen systems, onboard fuel tank inerting systems, and military-civilian special refrigeration equipment [1] - The main business revenue composition includes aviation products at 69.45%, special refrigeration equipment at 15.31%, and other products at 15.24% [1] Group 2 - Guotai Fund's Guotai Zhongzheng Military Industry ETF (512660) is among the top ten circulating shareholders of Jianghang Equipment, having reduced its holdings by 577,300 shares to 3.0879 million shares, representing 0.39% of circulating shares, with an estimated floating profit of approximately 2.4086 million CNY [2] - The Guotai Zhongzheng Military Industry ETF was established on July 26, 2016, with a current scale of 14.109 billion CNY, achieving a year-to-date return of 13.47% and a one-year return of 59.03%, ranking 116 out of 5,579 and 871 out of 4,202 in its category, respectively [2]

Group 1 - The aviation equipment sector experienced a significant increase of 3.29% on January 9, with Huayin Technology leading the gains [1] - The Shanghai Composite Index closed at 4120.43, up 0.92%, while the Shenzhen Component Index closed at 14120.15, up 1.15% [1] - Key stocks in the aviation equipment sector showed notable price increases, with Huayin Technology rising by 18.92% to a closing price of 92.63, and Xibu Superconductor increasing by 11.32% to 92.95 [1] Group 2 - The aviation equipment sector saw a net inflow of 243 million yuan from institutional investors, while retail investors contributed a net inflow of 907 million yuan [2] - Major stocks like Guangqi Technology and Aerospace Rainbow had mixed fund flows, with Guangqi Technology experiencing a net inflow of 639 million yuan from institutional investors [3] - The overall trading volume in the aviation equipment sector was substantial, with significant transactions recorded for stocks like Xibu Superconductor and Aerospace Rainbow [1][2]

Group 1 - Jianghang Equipment's stock increased by 5.19%, reaching 14.79 CNY per share, with a trading volume of 166 million CNY and a turnover rate of 1.46%, resulting in a total market capitalization of 11.704 billion CNY [1] - Jianghang Equipment, established on December 28, 2007, and listed on July 31, 2020, operates in the aviation equipment and special refrigeration sectors, focusing on the R&D, production, sales, and repair of aviation products such as oxygen systems and fuel tanks, as well as military and civilian refrigeration equipment [1] - The company's main business revenue composition includes 69.45% from aviation products, 15.31% from special refrigeration equipment, and 15.24% from other sources [1] Group 2 - Guotai Fund's Guotai Zhongzheng Military Industry ETF (512660) is among the top ten circulating shareholders of Jianghang Equipment, having reduced its holdings by 577,300 shares to 3.0879 million shares, representing 0.39% of the circulating shares [2] - The Guotai Zhongzheng Military Industry ETF has a current scale of 14.109 billion CNY, with a year-to-date return of 9.47%, ranking 254 out of 5509 in its category, and a one-year return of 55.58%, ranking 949 out of 4198 [2]

Group 1 - The military equipment sector continues to rise, with companies like Hailanxin, Aerospace Electronics, and Guoke Military Industry reaching new highs during trading [1] - Huayin Technology saw an increase of over 15%, while Guangqi Technology rose by more than 10% [1] - Other companies such as Zhong Unmanned Aerial Vehicle and Jianghang Equipment also experienced upward movement [1]

Investment Rating - The report maintains a positive outlook on the civil aviation manufacturing industry, indicating it will become a significant growth area for China's aerospace manufacturing sector [1][5]. Core Insights - The civil aviation manufacturing sector is expected to mirror the success of the U.S. aerospace industry, where commercial aircraft manufacturing is a major source of revenue and profit for companies like Boeing and GE Aviation [2][55]. - The C919 aircraft is set to lead the development of China's civil aviation manufacturing industry, with a production capacity expected to reach 200 units per year by 2029 [3][56]. - The aftermarket for civil aviation in China is projected to be vast, with the country potentially becoming the largest single aviation market globally by 2044 [4][5]. Summary by Sections Civil Aviation Manufacturing Growth - Civil aviation manufacturing in China is anticipated to grow significantly, driven by the C919's commercial operations and the development of a domestic supply chain [1][5]. - The report highlights that the domestic aviation manufacturing industry is beginning to catch up, with a focus on increasing the localization rate of components [3][4]. C919 Aircraft Development - The C919 aircraft, with over 1,000 orders, is expected to enhance production and delivery capabilities, marking a significant milestone in China's aviation history [3][56]. - The aircraft's production model involves a high degree of localization, with over 50% of its components sourced domestically [3][56]. Aftermarket Opportunities - The civil aviation aftermarket in China is projected to expand, with an increase in the number of approved civil aviation products and components [4][5]. - The report notes that the penetration of domestic materials is expected to rise, helping airlines reduce procurement costs and improve supply chain reliability [4][5]. Investment Opportunities - The report suggests focusing on investment opportunities within the civil aviation manufacturing supply chain, including companies involved in aircraft body manufacturing, materials, engines, and onboard equipment [5]. - Key companies mentioned include AVIC Xi'an Aircraft Industry, AVIC Harbin Aircraft Industry, and various suppliers of materials and components [5].

证券代码：688586 证券简称：江航装备 公告编号：2026-001 合肥江航飞机装备股份有限公司 2025年第四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。 一、 会议召开和出席情况 重要内容提示： （一） 股东会召开的时间：2025 年 12 月 31 日 本次会议是否有被否决议案：无 1、 公司在任董事9人，出席9人； 2、 董事会秘书出席了本次会议；其他高级管理人员列席了本次会议。 （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 | 100 | | --- | --- | | 普通股股东人数 | 100 | | 2、出席会议的股东所持有的表决权数量 | 70,011,754 | | 普通股股东所持有表决权数量 | 70,011,754 | | 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 | 8.8472 | | 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（%） | 8 ...

北京市嘉源律师事务所 关于合肥江航飞机装备股份有限公司 2025 年第四次临时股东会的法律意见书 【名所 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 者律师事务 肋 YUAN LAW OFFICES 北京 BEIJING · SHENZHEN · 香港 HONG KONG · 广州 GUANGZHOU · 西安 XI'AN · 武汉 WIHAN · 长沙 CHANGSH 致:合肥江航飞机装备股份有限公司 北京市嘉源律师事务所 关于合肥江航飞机装备股份有限公司 2025 年第四次临时股东会的法律意见书 嘉源(2025)-04-988 北京市嘉源律师事务所(以下简称"本所")接受合肥江航飞机装备股份有限 公司(以下简称"公司")的委托,根据《中华人民共和国公司法》(以下简称"《公 司法》")、《上市公司股东会规则》(以下简称"《股东会规则》")等现行有效 的法律、行政法规、部门规章、规范性文件(以下简称"法律法规")以及《合肥 江航飞机装备股份有限公司章程》(以下简称"《公司章程》")的有关规定,指 派本所律师对公司 2025 年第四次临时股东会(以下简称"本次股东会")进行见 证,并依法出具本法 ...