| 权益类证券大宗交易(协议交易) | | | | | | | | 团 下载 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | | 2026-01-15 | 000561 | 烽火电子 | 12.39 | 38.51 | | 477.15 申万宏源证券有限 | 机构专用 | | | | | | | | | 公司上海黄浦区福 | | | | | | | | | | 州路证券营业部 | | | 1月15日，烽火电子大宗交易成交38.51万股，成交额477.15万元，占当日总成交额的0.36%，成交价 12.39元，较市场收盘价12.39元持平。 ...

Core Viewpoint - The stock of Fenghuo Electronics has experienced a decline of 6.20% on January 15, with significant net outflows of capital, despite a year-to-date increase of 5.16% in stock price [1] Group 1: Stock Performance - As of January 15, Fenghuo Electronics' stock price is 12.85 CNY per share, with a total market capitalization of 11.103 billion CNY [1] - The stock has seen a year-to-date increase of 5.16%, a decline of 3.75% over the last five trading days, an increase of 10.49% over the last 20 days, and an increase of 18.43% over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, Fenghuo Electronics reported a revenue of 1.025 billion CNY, representing a year-on-year growth of 43.28% [2] - The net profit attributable to the parent company for the same period was -87.6951 million CNY, a decrease of 49.53% year-on-year [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Fenghuo Electronics is 92,300, a decrease of 0.96% from the previous period [2] - The average number of circulating shares per shareholder is 6,519, an increase of 0.97% from the previous period [2] - The company has distributed a total of 70.2361 million CNY in dividends since its A-share listing, with 6.037 million CNY distributed in the last three years [3]

Group 1: Market Dynamics - As of January 12, 2026, there were 19 new private placement projects added in the last two weeks, a decrease of 5 projects compared to the previous period[7] - The number of projects terminated increased by 1 to 6, with 2 being competitive bidding projects[7] - The approval rate for projects was 100%, with 11 projects approved by the review committee, an increase of 1[19] Group 2: Fundraising and Valuation - The total fundraising amount for the 4 projects listed in the last two weeks was 2.825 billion yuan, a decrease of 61.23%[34] - The average price discount rate for competitive bidding projects was 22.76%, an increase of 10.20 percentage points[34] - The PE and PB ratios for Dongfang Tantalum were 71.14x and 6.92x, respectively, significantly higher than the industry average[22] Group 3: Performance Metrics - The absolute return rate for newly unlocked competitive bidding projects averaged 60.55%, with an excess return rate of 26.36%, both up over 36 percentage points[4] - The average industry beta during the "issuance-unlocking" period was 43.76%, an increase of 14.97 percentage points[4] - The average individual stock alpha during the same period was 35.66%, up 29.54 percentage points[4] Group 4: Risk Factors - Potential risks include slower-than-expected approval processes, fluctuations in secondary market stock prices, and changes in the competitive bidding market environment[4]

西部证券股份有限公司 关于陕西烽火电子股份有限公司 2025 年持续督导现场检查报告 西部证券股份有限公司（以下简称"独立财务顾问"、"西部证券"）作为 陕西烽火电子股份有限公司（以下简称"烽火电子"、"公司"）发行股份及支 付现金购买资产并募集配套资金暨关联交易的独立财务顾问及持续督导机构，根 据《上市公司重大资产重组管理办法》《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》《上市公司募集资金监管规则》等有关法律、 法规和规范性文件的要求，于 2025 年 12 月 29 日至 12 月 31 日期间对公司进行 了现场检查，现将本次检查的情况报告如下： 一、本次现场检查的基本情况 （一）独立财务顾问 西部证券股份有限公司。 （二）独立财务顾问主办人 杨小军、高原、李钊颖。 （三）现场检查时间及人员 2025 年 12 月 29 日至 12 月 31 日，李钊颖。 经核查，独立财务顾问认为：在持续督导期内，公司已经建立健全了各项规 章制度，建立了较为完善的法人治理结构，相关制度能够得到有效执行。 （二）信息披露情况 （四）现场检查方式 现场检查人员通过查阅公司制度、持续督导期间的三会 ...

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].

陕西烽火电子股份有限公司（以下简称"烽火电子"或"公司"）根据《深 圳证券交易所股票上市规则》有关规定，对公司及控股子公司连续十二个月内 发生的诉讼、仲裁事项进行了统计，累计金额达到信息披露标准。现将有关情 况公告如下： 一、累计诉讼、仲裁事项的基本情况 截至本公告披露日，公司及控股子公司连续十二个月内发生的诉讼、仲裁 事项累计涉案金额为 19,728.64 万元，占公司最近一期经审计净资产的 11.14%， 其中，公司及控股公司作为原告、申请人的诉讼、仲裁案件金额合计 1,926.89 万元，公司及控股子公司作为被告、被申请人的诉讼、仲裁案件金额合计 17,801.75 万元。 证券代码：000561 证券简称：烽火电子 公告编号：2026-001 陕西烽火电子股份有限公司 关于累计诉讼、仲裁事项的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 | | 苏州长华标 | 陕西烽火实 | 100.00 | 票据纠纷，原告撤诉，已结案。 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | ...

烽火电子公告称，截至公告披露日，公司及控股子公司连续十二个月内累计诉讼、仲裁涉案金额达 19728.64万元，占最近一期经审计净资产的11.14%。其中，作为原告、申请人涉诉金额1926.89万元， 作为被告、被申请人涉诉17801.75万元。单笔小于1000万元案件共14件，部分已结案或裁定驳回起诉； 大于1000万元案件3件，涉诉金额总计超1.7亿元。因部分案件未开庭或结案，对利润影响不确定，公司 将依法维权并及时披露进展。 ...

Group 1 - The U.S. President Trump threatened the acting President of Venezuela, Rodriguez, stating that if she does not act correctly, she may face a heavier price than President Maduro [1] - The Danish Prime Minister urged the U.S. to stop threatening to annex Greenland, asserting that such discussions are meaningless [1] Group 2 - The Chinese automotive exports to Venezuela increased by 130% in the first 11 months of 2025, with passenger car exports rising by 166% and truck exports by 99% [6] - The U.S. government has requested American oil companies to invest heavily in Venezuela to restore its oil extraction infrastructure, indicating a push for revitalization of the oil industry [9] Group 3 - The Ministry of Education in China announced plans to establish 15 new undergraduate higher education institutions [4] - The Ministry of Finance in China stated that the issuance of ultra-long-term general government bonds will start on January 14, 2026 [5] Group 4 - The Shanghai government released a plan with 26 measures to optimize the business environment, focusing on efficient government services and fair market competition [7] - The global protests against U.S. military intervention in Venezuela occurred in various countries, condemning U.S. actions and interventionism [8]

关于向特定对象发行股票限售股份解除限售并上市流通的提示性公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或者 重大遗漏。 特别提示： 1、本次解除限售的股份合计 114,249,034 股，占公司总股本的 13.223%，为公司 发行股份及支付现金购买资产并募集配套资金暨关联交易之向特定对象发行股票募集 配套资金发行的人民币普通股。 2、本次解除限售股份可上市流通的日期：2026 年 1 月 5 日。 一、本次解除限售的股份取得的基本情况 经中国证券监督管理委员会《关于同意陕西烽火电子股份有限公司发行股份购买资 产并募集配套资金注册的批复》（证监许可〔2025〕448 号）核准，公司发行股份及支 付现金购买资产并募集配套资金向特定对象发行人民币普通股股票 114,249,034 股，募 集资金总额为 889,999,974.86 元，扣除发行费用 19,986,508.25 元（不含税）后的募 集资金净额为 870,013,466.61 元，希格玛会计师事务所（特殊普通合伙）出具了《陕 西烽火电子股份有限公司验资报告》（希会验字[2025]第 0012 号）。新增股份已于 ...

西部证券股份有限公司 关于陕西烽火电子股份有限公司 发行股份及支付现金购买资产并募集配套资金暨关联交易 之限售股份上市流通的核查意见 西部证券股份有限公司（以下简称"西部证券"或"独立财务顾问"）作为 陕西烽火电子股份有限公司（以下简称"烽火电子"、"上市公司"或"公司"） 发行股份及支付现金购买资产并募集配套资金暨关联交易事项（以下简称"本次 交易"）的独立财务顾问，根据《上市公司重大资产重组管理办法》《深圳证券 交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板 上市公司规范运作》等相关规定，对烽火电子本次交易新增股份部分解除限售并 上市流通的事项进行了核查，具体情况如下： 一、本次解除限售的股份取得的基本情况 根据中国证券监督管理委员会（以下简称"中国证监会"）《关于同意陕西 烽火电子股份有限公司发行股份购买资产并募集配套资金注册的批复》（证监许 可〔2025〕448 号），公司募集配套资金向特定对象发行人民币普通股股票 114,249,034 股，新增股份已于 2025 年 7 月 2 日在深圳证券交易所上市，自上市 之日起 6 个月内不得转让。本次限售股形成后，公司未发生因利 ...