[Current Period Performance Forecast](index=1&type=section&id=Current%20Period%20Performance%20Forecast) The company anticipates a return to profitability in H1 2025 with net profit of RMB 100-145 million, though core business losses are expected to widen after excluding non-recurring items Performance Forecast Summary | Item | Current Period (2025 H1) | Prior Period (2024 H1) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders (RMB Millions)** | Profit: 100 — 145 | Loss: 421.52 | Growth: 123.72% — 134.40% | | **Net Profit Excluding Non-Recurring Items (RMB Millions)** | Loss: 425 — 500 | Loss: 423.68 | Increased Loss: 0.31% — 18.01% | | **Basic Earnings Per Share (RMB)** | Profit: 0.031 — 0.045 | Loss: 0.131 | Turned Loss into Profit | [Communication with Accounting Firm](index=1&type=section&id=Communication%20with%20Accounting%20Firm) The company's performance forecast data has not undergone pre-audit by a certified public accountant - This performance forecast has not been pre-audited by a certified public accountant, and its accuracy awaits confirmation in the final audit report[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=Explanation%20of%20Performance%20Changes) The turnaround to profitability is primarily due to RMB 570-600 million in non-recurring gains from asset divestiture, despite core business losses widening - The company achieved revenue growth and maintained stable business development by focusing on its main business and optimizing product structure[5](index=5&type=chunk) - The primary reason for turning net profit from loss to gain is the company's high equity investment disposal gains from divesting non-core assets[5](index=5&type=chunk) - During the reporting period, non-recurring gains and losses are estimated to be approximately **RMB 570 million to RMB 600 million**, primarily from disposal gains of non-current assets and government subsidies[5](index=5&type=chunk) [Other Relevant Information](index=2&type=section&id=Other%20Relevant%20Information) The company cautions investors that this performance forecast is preliminary, with final data subject to the official 2025 semi-annual report - The company reminds investors that this performance forecast is a preliminary estimate with uncertainties, and specific financial data will be subject to the official semi-annual report[7](index=7&type=chunk) - The company's designated information disclosure media are China Securities Journal, Securities Times, Shanghai Securities News, and Juchao Information Network[7](index=7&type=chunk)

Group 1 - The core point of the article is the public transfer of debts and collateral assets from China Great Wall Asset Management Co., Ltd. Shanxi Branch to Zhixiang Asset Management (Zhuhai) Co., Ltd. through the JD Asset Trading Platform [1][2] - The transferred debts include three companies: Shanxi Jinhui Energy Group Co., Ltd., Taiyuan Qiaoyou Chemical Co., Ltd., and Shanxi Tengxiang Sports Goods Sales Co., Ltd. [1][3] - The total principal balance of the debts is 238.52 million yuan, with total interest amounting to 143.99 million yuan [3] Group 2 - Shanxi Jinhui Energy Group Co., Ltd. has a principal balance of 210.03 million yuan and interest of 123.88 million yuan, secured by pledges and guarantees [3] - Taiyuan Qiaoyou Chemical Co., Ltd. has a principal balance of 6.99 million yuan and interest of 550.43 thousand yuan, guaranteed without collateral [3] - Shanxi Tengxiang Sports Goods Sales Co., Ltd. has a principal balance of 21.50 million yuan and interest of 14.61 million yuan, with collateral already adjudicated for debt repayment [3]

张俊南先生在公司担任董事及有关职务期间始终恪尽职守，勤勉尽责，为公 司董事会建设和健康发展等方面做出了重要贡献，公司及董事会对张俊南先生任 职期间的工作表示衷心感谢！ 特此公告 中国长城科技集团股份有限公司 董事会 证券代码：000066 证券简称：中国长城 公告编号：2025-029 中国长城科技集团股份有限公司 关于公司董事辞职的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 近日，中国长城科技集团股份有限公司（以下简称"公司"）董事会收到了 公司董事张俊南先生的书面辞职报告。因个人年龄原因，张俊南先生申请辞去公 司董事及董事会提名委员会委员职务，其辞职后将不再担任公司任何职务。根据 《公司法》和《公司章程》的规定，张俊南先生辞职未导致公司董事会成员低于 法定人数，其辞职不会影响公司董事会的正常运行，辞职报告自送达公司董事会 之日起生效。截至本公告披露日，张俊南先生未持有公司股份，亦不存在应履行 而未履行的承诺事项。 二〇二五年七月九日 第 1 页 共 1 页 ...

Core Viewpoint - The high-end equipment sector is experiencing mixed performance, with specific stocks showing significant gains while others decline, indicating a volatile market environment [1][4]. Group 1: Market Performance - As of July 3, 2025, the CSI High-End Equipment Sub-Index decreased by 0.07%, with stocks like Jiuziyang rising by 18.64% and China Haifang leading the decline [1]. - The High-End Equipment ETF (159638) saw a turnover of 2.07% during the trading session, with a total transaction value of 24.12 million yuan [3]. - Over the past week, the average daily transaction value of the High-End Equipment ETF was 83.12 million yuan, with the latest fund size reaching 1.158 billion yuan [3]. Group 2: Investment Trends - Leveraged funds are increasingly investing in the high-end equipment sector, with the latest margin buying amounting to 2.36 million yuan and a margin balance of 20.91 million yuan [3]. - The High-End Equipment ETF has shown a net value increase of 27.22% over the past year, with the highest single-month return recorded at 19.30% [3]. Group 3: Industry Outlook - The military industry is expected to experience three growth curves: domestic demand focusing on low-cost precision-guided munitions, unmanned systems, and information technology; military trade demand potentially surging due to regional conflicts; and broader military demand in areas like large aircraft, low-altitude economy, commercial aerospace, and deep-sea technology [3][4]. - China's defense spending is projected to grow significantly, likely outpacing GDP growth, with 2025 marking a turning point for the industry as it emerges from a period of stagnation [4]. - The top ten weighted stocks in the CSI High-End Equipment Sub-Index account for 45.22% of the index, indicating concentrated investment in key players like AVIC Shenyang Aircraft and AVIC Engine [4][6].

Core Insights - The A-share market indices closed mixed, with the CSI High-end Equipment Sub-index 50 declining by 0.76% to 2678.27 points, with a trading volume of 39.487 billion yuan [1] - The CSI High-end Equipment Sub-index 50 has increased by 9.78% over the past month, 10.73% over the past three months, and 10.78% year-to-date [1] - The index includes 50 representative listed companies involved in aerospace equipment manufacturing, aerospace power and control systems, microwave radar, satellite navigation, optoelectronic infrared, communication equipment, electronic components, information security, and aerospace materials [1] Index Composition - The top ten holdings of the CSI High-end Equipment Sub-index 50 are: AVIC Shenyang Aircraft (7.91%), Aero Engine Corporation of China (6.27%), AVIC Optoelectronics (6.23%), AVIC Xi'an Aircraft (4.75%), AVIC Aircraft (3.6%), China Great Wall (3.52%), Aerospace Electronics (3.37%), Haige Communication (3.31%), AVIC Chengfei (3.13%), and Western Superconducting (2.94%) [1] - The market distribution of the index holdings shows that the Shanghai Stock Exchange accounts for 54.26%, the Shenzhen Stock Exchange for 45.40%, and the Beijing Stock Exchange for 0.34% [2] - By industry, the index holdings are composed of 73.63% in industrials, 10.44% in materials, 8.17% in communication services, and 7.76% in information technology [2] Index Adjustment and Fund Tracking - The index samples are adjusted semi-annually, with adjustments implemented on the next trading day after the second Friday of June and December each year [2] - The tracking public funds for the CSI High-end Equipment Sub-index 50 include: Harvest CSI High-end Equipment Sub-index 50 Link A, Harvest CSI High-end Equipment Sub-index 50 Link C, and Harvest CSI High-end Equipment Sub-index 50 ETF [2]

中国长城科技集团股份有限公司 证券代码：000066 证券简称：中国长城 公告编号：2025-028 第 1 页 共 3 页 2．统一社会信用代码：91430104MA4QM8FW7P 3．企业类型：有限合伙企业 关于公开挂牌出售下属参股公司股权的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、交易概述 中国长城科技集团股份有限公司（以下简称"公司"）于 2024 年 8 月 29 日召开第八届董事会第三次会议审议通过了《关于挂牌转让湘计海盾持有的长城 银河 40%股权的议案》，同意公司全资子公司长沙湘计海盾科技有限公司（以 下简称"湘计海盾"）公开挂牌转让其所持有的湖南长城银河科技有限公司（以 下简称"长城银河"）40%的股权（以下简称"本次股权转让"），首次挂牌价 不低于以 2024 年 4 月 30 日为评估基准日的国有资产评估备案值人民币 63,632.00 万元。具体内容详见公司于 2024 年 8 月 31 日在《中国证券报》《证 券时报》《上海证券报》和巨潮资讯网披露的《第八届董事会第三次会议决议公 告》（公告编号：2024-061 ...

Core Viewpoint - China Great Wall has completed the public transfer of 40% equity in Changcheng Galaxy held by its wholly-owned subsidiary, Xiangji Haidun, to Hunan Expressway Investment Fund Partnership for a transaction price of 648 million yuan, which is expected to bring an investment return of approximately 429 million yuan [1]. Group 1 - The equity transfer has been finalized, with the buyer being Hunan Expressway Investment Fund Partnership [1]. - The transaction price for the equity transfer is 648 million yuan [1]. - Following the completion of this transfer, Xiangji Haidun will no longer hold any equity in Changcheng Galaxy [1]. Group 2 - The equity transfer is expected to enhance the company's resource allocation [1]. - The anticipated investment return from this transaction is around 429 million yuan [1].

Core Viewpoint - The transfer of over 40% equity in Changcheng Huaxi Bank marks the end of Changcheng Asset's decade-long control over the bank, leading to a change in its ownership structure [1][4]. Group 1: Ownership and Control Changes - Changcheng Huaxi Bank's 9.43 billion shares, representing 40.92% of its total equity, are being offered for transfer at a base price of 4.332 billion yuan [1][3]. - Following this transaction, Changcheng Asset will exit its position as a major shareholder after more than ten years of control, resulting in a shift in the bank's actual control [4][5]. - The transaction is set to take place between June 26 and July 23, 2025, with other shareholders waiving their preemptive rights [3][4]. Group 2: Financial Performance - As of March 2023, Changcheng Huaxi Bank's total assets reached 156.261 billion yuan, reflecting a 176.8% increase over the past decade [1][7]. - The bank's operating income for Q1 2024 was 516 million yuan, a year-on-year decrease of approximately 1.7%, while net profit fell by about 40% to 65.6 million yuan [1][8]. - The bank's non-performing loan (NPL) ratio rose to 2.03% by the end of 2024, marking a return to above 2% for the first time in two years [2][8]. Group 3: Asset Quality and Risk Management - The bank has seen fluctuations in its profitability, with operating income and net profit showing a mixed trend from 2021 to 2024 [7][8]. - In Q1 2024, the bank reported a significant increase in credit impairment losses, totaling 287 million yuan, up 37.3% year-on-year, indicating challenges in asset quality [8]. - The NPL ratio has varied over the years, with figures of 2.07%, 1.8%, 1.62%, and 2.03% from 2021 to the end of 2024, alongside a fluctuating provision coverage ratio [8].

Core Viewpoint - The transfer of 40.92% equity in Changcheng Huaxi Bank aims to localize shareholders and introduce quality strategic investors [1][3][5] Group 1: Equity Transfer Details - Changcheng Huaxi Bank's 94,259,000 shares, representing 40.92% of total equity, are being offered for transfer at a base price of 4.332 billion yuan [2][3] - The transfer is initiated by the second-largest shareholder, China Great Wall Asset Management Co., Ltd., along with its concerted action partner, Deyang State-owned Assets Management Co., Ltd. [3] - The transfer has been approved by the shareholders' meeting of Great Wall Asset and has received approval from the Ministry of Finance [3] Group 2: Company Background and Financials - Changcheng Huaxi Bank was established in 1998 and was renamed in 2016 after introducing Great Wall Asset as a strategic investor [4] - As of the end of 2024, the bank's total assets reached 151.181 billion yuan, with total liabilities of 140.673 billion yuan and deposits of 109.663 billion yuan [6] - The bank's net interest margin has declined from 1.6% in 2022 to 1.28% in 2024, while the non-performing loan ratio has increased from 1.8% to over 2% during the same period [6] Group 3: Strategic Intentions - The equity transfer is part of a broader strategy to comply with regulatory requirements and enhance the bank's local and professional development [5] - The new investors must possess strong financial health and a track record of profitability, aligning with national regulatory standards for bank shareholders [5]

证券代码：000066 证券简称：中国长城 公告编号：2025-027 中国长城科技集团股份有限公司 关于公司高级管理人员变动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 根据有关法律法规及其他规范性文件的规定，严忠先生的辞呈自送达公司董 事会之日起生效。截至本公告披露日，严忠先生未持有公司股份，亦不存在应履 行而未履行的承诺事项。 严忠先生在公司担任高级管理人员期间，始终恪尽职守，勤勉尽责，为公司 的发展做出了重要贡献，公司及董事会对其任职期间的工作表示衷心感谢。 特此公告 中国长城科技集团股份有限公司 董事会 二〇二五年六月二十八日 第 1 页 共 1 页 近日，中国长城科技集团股份有限公司（以下简称"公司"）董事会收到了 公司高级副总裁严忠先生的书面辞呈。因工作变动，严忠先生申请辞去公司高级 副总裁职务，其辞职不会影响公司相关工作的正常进行。严忠先生辞职后，在本 公司的其他职务根据相关规定履行任免程序。 ...