9月3日，航天发展跌5.09%，截至发稿，报8.02元/股，成交3.44亿元，换手率2.65%，总市值128.20亿 元。 资料显示，航天工业发展股份有限公司位于福建省福州市台江区五一南路17号工行五一支行13层，成立 日期1993年11月20日，上市日期1993年11月30日，公司主营业务涉及电子蓝军、指控通信、电磁安防和 发电设备;网络信息安全、数据采集分析、数据保护及安全存储、政务管理信息化等。主营业务收入构 成为：海洋装备、电力装备等产品32.51%，通信与指控类产品32.01%，蓝军装备及相关产品26.09%， 数据安全应用类产品9.19%，空间信息应用类产品0.20%。 国泰中证军工ETF（512660）成立日期2016年7月26日，最新规模156.01亿。今年以来收益22.33%，同 类排名1984/4222；近一年收益56.93%，同类排名1481/3783；成立以来收益27.43%。 从航天发展十大流通股东角度 数据显示，国泰基金旗下1只基金位居航天发展十大流通股东。国泰中证军工ETF（512660）二季度增 持234.23万股，持有股数1483.36万股，占流通股的比例为0.93%。根据测 ...

证券日报网讯银河电子（002519）9月3日在互动平台回答投资者提问时表示，公司看好未来商业航天发 展（000547）前景，一方面公司希望通过投资格思航天寻求布局卫星用户终端等其他相关业务机会，另 一方面公司也将持续关注商业航天的其他业务机会，推动公司可持续发展。如有涉及披露事项，公司将 按照规定及时披露。 ...

Market Overview - The Shanghai Composite Index closed at 3844.84 points, with a decline of 0.79% [1] - The total trading volume of A-shares reached 1,930.44 billion yuan [1] Stocks with Death Cross - A total of 43 A-shares experienced a death cross, where the 5-day moving average fell below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Zhongma Transmission (603767) with a distance of -3.93% [1] - Jifeng Technology (300022) with a distance of -1.30% [1] - Canqin Technology (688182) with a distance of -1.28% [1] Individual Stock Performance - Zhongma Transmission (603767) saw a decrease of 0.82% with a latest price of 29.01 yuan, which is 8.91% below the 10-day moving average [1] - Jifeng Technology (300022) decreased by 2.12%, latest price at 8.30 yuan, 4.39% below the 10-day moving average [1] - Canqin Technology (688182) dropped by 6.45%, latest price at 25.68 yuan, 7.56% below the 10-day moving average [1] - Other notable declines include: - Meiai Technology (688376) down 4.72% [1] - Jingxin Pharmaceutical (002020) down 2.82% [1] - Zhongyuan Media (000719) down 1.36% [1] Additional Stocks with Death Cross - Other stocks showing a death cross include: - Guomai Technology (002093) down 5.22% [2] - Nanfang Pump Industry (300145) down 5.30% [2] - ST Diweixun (300167) down 1.59% [2] - Aerospace Development (000547) down 3.00% [2] - The performance of these stocks indicates a broader trend of declining prices among companies experiencing a death cross [2]

金融界消息 截至2025年8月25日收盘，航天发展（000547）报收于9.01元，上涨3.56%，换手率6.42%， 成交量101.93万手，成交金额8.99亿元。 天眼查商业履历信息显示，航天工业发展股份有限公司，成立于1993年，位于福州市，是一家以从事电 气机械和器材制造业为主的企业。企业注册资本159846.8269万人民币，实缴资本3122万人民币。公司 法定代表人为胡庆荣。 通过天眼查大数据分析，航天工业发展股份有限公司共对外投资了23家企业，参与招投标项目7次，此 外企业还拥有行政许可3个。 来源：金融界 资金流向方面，今日主力资金净流入5374.05万元，占比成交额5.98%。其中，超大单净流入4601.20万 元、占成交额5.12%，大单净流入772.85万元、占成交额0.86%，中单净流出流入813.29万元、占成交额 0.9%，小单净流出6187.35万元、占成交额6.88%。 航天发展最新一期业绩显示，截至2025中报，公司营业总收入6.89亿元、同比减少20.25%，归属净利润 37836.35万元，同比减少4.05%，扣非净利润38633.83万元，同比减少1.55%，流动比率1 ...

Core Viewpoint - Aerospace Development (000547) reported disappointing financial results for the first half of 2025, with significant declines in revenue and profit margins compared to the previous year [1][3]. Financial Performance - Total revenue for the first half of 2025 was 689 million yuan, a decrease of 20.25% year-on-year [1]. - The net profit attributable to shareholders was -378 million yuan, down 4.05% year-on-year [1]. - In Q2 2025, total revenue was 399 million yuan, a decline of 7.36% year-on-year, with a net profit of -197 million yuan, down 4.72% year-on-year [1]. - The gross margin was 4.54%, a decrease of 65.64% year-on-year, while the net margin was -61.8%, down 34.18% year-on-year [1]. Accounts Receivable and Cash Flow - Accounts receivable accounted for 101.64% of the latest annual revenue, indicating a large volume of outstanding payments [1]. - Cash and cash equivalents decreased by 33.04%, attributed to negative net increases and a decline in restricted cash [3]. - Operating cash flow per share was -0.14 yuan, an improvement of 24.87% year-on-year [1]. Cost Structure and Expenses - Total sales, management, and financial expenses amounted to 204 million yuan, representing 29.66% of revenue, a decrease of 7.44% year-on-year [1]. - Sales expenses decreased by 39.18%, attributed to cost-cutting measures and reduced personnel-related costs [3]. Investment Returns and Business Model - The company's historical median Return on Invested Capital (ROIC) over the past decade was 5.64%, with a notably poor ROIC of -22.93% in 2023 [4]. - The business model relies heavily on research and development, necessitating a thorough examination of the underlying drivers of this approach [4]. Fund Holdings - The largest fund holding Aerospace Development is the Chuangjin Hexin Advanced Equipment Stock A, which holds 518,900 shares and has not changed its position [5].

Financial Performance - The company reported total revenue of 689 million yuan for the first half of 2025, a decrease of 20.25% year-on-year [1] - The net profit attributable to shareholders was -378 million yuan, down 4.05% year-on-year [1] - The gross margin was 4.54%, a significant decline of 65.64% compared to the previous year [1] - The net margin was -61.8%, which represents a decrease of 34.18% year-on-year [1] - The company’s receivables accounted for 101.64% of total revenue, indicating a large volume of accounts receivable [1] Cash Flow and Financial Ratios - The company experienced a 33.04% decrease in cash and cash equivalents, attributed to negative net cash increases and a decline in restricted cash [4] - The return on invested capital (ROIC) was reported at -22.93%, indicating poor investment returns [5] - The average cash flow from operating activities over the past three years has been negative [7] Cost Management - Total selling, administrative, and financial expenses amounted to 204 million yuan, accounting for 29.66% of revenue, a decrease of 7.44% year-on-year [1] - Sales expenses decreased by 39.18% due to cost-cutting measures and reduced personnel-related costs [4] Investment and Debt - The company’s interest-bearing debt decreased by 29.66% to 872 million yuan [1] - The net cash flow from investment activities saw a drastic decline of 99.88%, primarily due to the expiration of large time deposits in the previous year [4] Shareholder Information - The largest fund holding the company’s shares is the Chuangjin Hexin Advanced Equipment Stock A, which holds 518,900 shares [6]

Core Insights - The company, Aerospace Development (000547), reported a significant decline in revenue and net profit for the first half of 2025, indicating potential challenges in its operational performance [1] Financial Performance - The company achieved operating revenue of 689 million yuan in the first half of 2025, representing a year-on-year decrease of 20.25% [1] - The net profit for the same period was -378 million yuan, reflecting a year-on-year decline of 4.05% [1] - The basic earnings per share were reported at -0.24 yuan [1] - The weighted average return on equity (ROE) stood at -7.57% [1]

（记者 王晓波） 每经AI快讯，航天发展8月22日晚间发布半年度业绩报告称，2025年上半年营业收入约6.89亿元，同比 减少20.25%；归属于上市公司股东的净利润亏损约3.78亿元；基本每股收益亏损0.24元。2024年同期营 业收入约8.64亿元；归属于上市公司股东的净利润亏损约3.64亿元；基本每股收益亏损0.23元。 每经头条（nbdtoutiao）——汽车涂料龙头"命悬一线"，资金流向成迷，掌控者深藏不露 ...

航天工业发展股份有限公司 第十届董事会第二十三次会议决议公告 证券代码：000547 证券简称：航天发展 公告编号：2025-040 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。 航天工业发展股份有限公司（以下简称"公司"）第十届董事会第二十三次会 议于 2025 年 8 月 22 日以现场结合通讯方式召开，会议通知于 2025 年 8 月 12 日 以电子邮件及信息方式发出。会议应到董事 9 名，实到董事 9 名。会议由公司董 事长胡庆荣先生主持，董事会秘书列席了会议。会议的召集和召开程序符合《公 司法》及《公司章程》的有关规定。 会议经过认真审议，一致通过如下事项： 一、审议通过《公司 2025 年半年度报告》和《公司 2025 年半年度报告摘要》 具体内容详见公司同日在巨潮资讯网刊登的《公司 2025 年半年度报告全文》 和《公司 2025 年半年度报告摘要》。 公司审计委员会审议通过了此议案。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 二、审议通过《公司董事会关于 2025 年半年度募集资金存放与实际使用情况 的专项报告(2018 年募集 ...

人民财讯8月22日电，航天发展（000547）8月22日晚间披露2025年半年报，公司上半年实现营业收入 6.89亿元，同比下降20.25%；归母净利润为亏损3.78亿元。报告期内，受部分子公司新签合同不及预 期，部分项目暂未达到交付条件，新业务尚未产生足够业绩支撑，回款不理想导致信用减值损失增加等 因素影响，当期经营亏损。 ...