北京市中伦律师事务所 关于航天工业发展股份有限公司 2025 年第二次临时股东大会的 法律意见书 二〇二五年八月 北京市中伦律师事务所 关于航天工业发展股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：航天工业发展股份有限公司（以下简称"公司"） 北京市中伦律师事务所（以下简称"本所"）接受公司的委托，指派律师出 席并见证公司2025年第二次临时股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》 （以下简称"《股东会规则》"）、《律师事务所从事证券法律业务管理办法》 （以下简称"《证券法律业务管理办法》"）、《律师事务所证券法律业务执业 规则（试行）》（以下简称"《证券法律业务执业规则》"）等相关法律、行政 法规、规章、规范性文件及《航天工业发展股份有限公司章程》（以下简称"《公 司章程》"）的规定，就本次会议的召集与召开程序、召集人资格、出席会议人 员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 对本法律意见书的出具，本所律师特作如下声明： 1．本所律师仅就本 ...

证券代码：000547 证券简称：航天发展 公告编号：2025-039 航天工业发展股份有限公司 2025 年第二次临时股东大会决议公告 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。 重要提示：本次股东大会召开期间没有增加、否决或变更提案。 一、会议召开和出席情况 1.航天工业发展股份有限公司（以下简称"公司"）2025 年第二次临时股东 大会采用现场投票与网络投票(含深圳证券交易所交易系统、互联网投票系统两种 方式)相结合的方式召开。通过深圳证券交易所交易系统进行网络投票的时间： 2025 年 8 月 20 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过互联网投票系统 进行网络投票的时间：2025 年 8 月 20 日 9:15-15:00 期间的任意时间。本次大会 现场会议于 2025 年 8 月 20 日 14:30 召开，公司董事长胡庆荣先生主持，现场会 议地点为北京市丰台区南四环西路 188 号十七区 5 号楼。会议的召集和召开符合 《公司法》《深圳证券交易所股票上市规则》及《公司章程》的有关规定。 2.参与本次股东 ...

Core Viewpoint - Guangdong Province has released a set of 21 specific policy measures aimed at promoting the high-quality development of the commercial aerospace industry from 2025 to 2028, focusing on infrastructure, innovation, market cultivation, and financing mechanisms [1][3]. Group 1: Infrastructure Development - Support for satellite constellation construction, including a "green channel" for project approval and coordination of satellite frequency resources [1][4]. - Financial support for ground station network construction, with a 10% funding support based on total investment, capped at 2 million yuan per station and 10 million yuan per enterprise annually [1][4]. Group 2: Innovation Enhancement - Encouragement for enterprises to focus on key technologies such as reusable liquid rocket engines and low-cost satellites, with provincial funding support of up to 50% for qualifying projects [2][4]. - Implementation of a tax deduction policy for R&D expenditures, allowing 100% pre-tax deductions [2][4]. Group 3: Market Cultivation - Implementation of a tiered cultivation plan for enterprises, supporting applications for national high-tech enterprise status and tax reduction policies [2][7]. - Financial rewards for enterprises recognized as national manufacturing champions or specialized "little giants" [2][7]. Group 4: Financing Mechanisms - Increased financial support for major commercial aerospace projects, including the use of long-term special bonds and local government bonds [9][10]. - Establishment of specialized funds to support cutting-edge aerospace technology and major project development [9][10]. Group 5: Talent Support - Recruitment of leading talents in the commercial aerospace sector, with support for high-level talents to enjoy local resident benefits [10][11]. - Promotion of applied talent training through partnerships between enterprises and educational institutions, including the establishment of training bases [10][11].

Core Viewpoint - The Guangdong Provincial Government has issued a set of policies aimed at promoting high-quality development in the commercial aerospace sector from 2025 to 2028, focusing on building a comprehensive industrial ecosystem that integrates various aspects of the industry. Group 1: Infrastructure Development - The policies emphasize the establishment of commercial aerospace space infrastructure, supporting satellite constellation construction and ground station network facilities, with a funding support of 10% of total investment, capped at 2 million yuan per station and 10 million yuan per enterprise annually [1][2]. Group 2: Innovation and Technology - The measures aim to enhance independent innovation capabilities by focusing on key core technology breakthroughs and establishing high-level innovation platforms, while promoting the application of aerospace technology in civilian sectors [2]. Group 3: Satellite Application Expansion - The initiative seeks to create major application scenarios for satellite services in various fields such as low-altitude economy, mobile communication, and emergency rescue, with government procurement support for innovative application products [3]. Group 4: Market Entity Cultivation - The policies propose a tiered cultivation plan for enterprises, supporting commercial aerospace companies in applying for national high-tech enterprise status and providing tax incentives [4]. Group 5: Financing Mechanisms - The measures include increasing financial support for significant commercial aerospace projects, utilizing long-term special bonds and establishing special funds to support research and development in cutting-edge aerospace technologies [5]. Group 6: Talent Development - The policies highlight the importance of strengthening talent support in key areas, focusing on attracting leading talents and enhancing the training of applied talents [6].

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has restarted the fifth listing standard for the Sci-Tech Innovation Board, accelerating the IPO process for commercial aerospace companies, particularly in artificial intelligence, commercial aerospace, and low-altitude economy sectors [1] Group 1: Commercial Aerospace Companies - Blue Arrow Aerospace has a valuation of 20 billion yuan and is the only domestic company with a full chain of liquid rocket R&D capabilities, having launched the commercial operation of its mature liquid rocket, Zhuque-2 [1] - Yixin Aerospace has a valuation exceeding 8 billion yuan and specializes in satellite communication payloads, achieving a weight control of under 50 kg per satellite payload with a 40% reduction in power consumption [2] - Zhongke Aerospace has a valuation of 11 billion yuan and is considered a mixed-ownership model for the "national team" in commercial aerospace, with its solid rocket, Lijian-1, already in commercial operation [2] Group 2: Launch Cost Comparisons - The launch cost of Zhuque-3 aims to be reduced to 20,000 yuan/kg, down from 40,000-50,000 yuan/kg for Zhuque-2, while Tianlong-3 has already achieved a launch price of 20,000 yuan/kg [3] - The unit launch costs for Lijian-2 and Lijian-2 Heavy are projected to be 30,000 yuan/kg and 15,000 yuan/kg respectively, indicating a trend towards competitive pricing in the commercial launch market [3] Group 3: Low Earth Orbit Satellite Communication - Huawei's Mate 80 is expected to incorporate low Earth orbit satellite communication, potentially accelerating the commercialization of low Earth orbit satellites [4] - The integration of satellite communication services into consumer markets is anticipated to increase user numbers significantly, which will help distribute the construction and operational costs of low Earth orbit satellite systems [4] Group 4: Investment Opportunities - Companies such as Blue Arrow Aerospace, Yixin Aerospace, and Zhongke Aerospace are initiating IPO guidance filings, marking a significant acceleration in the commercial aerospace sector [5] - Suggested companies for investment include satellite firms like Shaanxi Huada, Shanghai Gangwan, and rocket companies like Chaojie Co. and GaoHua Co. [5]

Core Viewpoint - The commercial aerospace sector is experiencing a surge in stock prices, driven by recent successful satellite launches and a clear growth trajectory in the industry [4][5]. Group 1: Regulatory Issues - Hengxin Oriental (300081) has been placed under investigation by the China Securities Regulatory Commission (CSRC) for suspected violations of information disclosure laws, leading to a significant drop in its stock price by nearly 19% [2]. - The company acknowledged accounting errors in its 2022 annual report and stated that it would cooperate with the CSRC during the investigation [2][3]. Group 2: Commercial Aerospace Growth - The commercial aerospace sector has seen a wave of stock price increases, with multiple companies reaching their daily price limits [4]. - Recent successful satellite launches, including the Long March 12 rocket, have accelerated the development of the satellite internet industry, with significant contracts for future launches [4]. - The average increase in commercial aerospace concept stocks has been nearly 35% this year, outperforming the Shanghai Composite Index [5]. Group 3: High-Growth Stocks - Over 60 stocks in the A-share market are related to commercial aerospace, with five stocks showing cumulative gains exceeding 100% [5]. - Companies like *ST Chengchang (001270) and Zongshen Power (001696) are projected to have net profit growth rates exceeding 20% in the coming years, with some expected to exceed 30% [5]. - Shanghai Huanxun (300762) is a key supplier for satellite communication systems, indicating its involvement in the growing satellite communication market [6].

证券日报网讯航天发展（000547）8月12日在互动平台回答投资者提问时表示，公司参股的企业为北京 锐安科技有限公司，航天国器为公司控股子公司。公司为聚焦主责主业，整合资源优化产业结构，拟对 外转让所持航天国器股权。 ...

Group 1 - The company, Aerospace Development (000547), reported that as of July 31, the number of shareholders reached 150,038 [1]

Market Overview - The military electronics sector experienced a decline of 0.92% on August 12, with Huali Chuangtong leading the drop [1] - The Shanghai Composite Index closed at 3665.92, up 0.5%, while the Shenzhen Component Index closed at 11351.63, up 0.53% [1] Stock Performance - Notable gainers in the military electronics sector included: - Huafeng Technology (688629) with a closing price of 59.29, up 6.45% and a trading volume of 271,400 shares, totaling 1.572 billion yuan [1] - ST Aowei (002231) closed at 3.62, up 4.93% with a trading volume of 127,700 shares, totaling 46.0243 million yuan [1] - Aopu Optoelectronics (002338) closed at 51.19, up 4.04% with a trading volume of 138,200 shares, totaling 696 million yuan [1] - Major decliners included: - Huali Chuangtong (300045) closed at 20.94, down 5.85% with a trading volume of 679,300 shares [2] - Gaode Infrared (002414) closed at 12.69, down 3.79% with a trading volume of 1.4007 million shares [2] - Sike Rui (688053) closed at 35.98, down 3.69% with a trading volume of 30,800 shares [2] Capital Flow - The military electronics sector saw a net outflow of 2.027 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.703 billion yuan [2][3] - Specific stock capital flows included: - Aopu Optoelectronics had a net inflow of 78.9433 million yuan from institutional investors, but a net outflow of 72.5745 million yuan from retail investors [3] - Jingjiawei (300474) experienced a net inflow of 77.9021 million yuan from institutional investors, with a net outflow of 16.8484 million yuan from retail investors [3] - Huali Chuangtong had a net outflow of 69.9242 million yuan from retail investors [3]

Core Viewpoint - Aerospace Development (000547.SZ) clarified on the investor interaction platform that the data from "Tianmu No. 1" has not been applied to the "Mazu (MAZU)" early warning plan released by the China Meteorological Administration [1] Group 1 - Aerospace Development confirmed that "Tianmu No. 1" data is not utilized in the national early warning system [1]