证券代码：000697 证券简称：ST 炼石 公告编号：2025-040 炼石航空科技股份有限公司 2025 年 5 月 9 日公司向四川省成都市中级人民法院（以下简称"成都中院" 或"法院"）提交了重整及预重整申请资料，立案案号为（2025）川 01 破申 19 号。 具体内容详见公司于 2025 年 5 月 10 日在《中国证券报》《证券时报》《上海证 券报》《证券日报》和巨潮资讯网(www.cninfo.com.cn)刊载的相关公告。 2025 年 6 月 6 日，公司收到成都中院送达的《决定书》（2025）川 01 破申 19 号、（2025）川 01 破申 19 号之一，成都中院决定对公司启动预重整，并指 定北京金杜（成都）律师事务所担任公司预重整期间的临时管理人。具体内容详 见公司于 2025 年 6 月 7 日在《中国证券报》《证券时报》《上海证券报》《证 券日报》和巨潮资讯网(www.cninfo.com.cn)刊载的相关公告。 2025 年 6 月 12 日，公司在《中国证券报》《证券时报》《上海证券报》《证 券日报》和巨潮资讯网(www.cninfo.com.cn)披露了《关于预重整债权登 ...

Market Overview - The aviation equipment sector experienced a decline of 0.31% on September 1, with Zongheng Co. leading the drop [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Stock Performance - Notable gainers in the aviation equipment sector included: - ST Lian Shi (code: 000697) with a closing price of 9.16, up 3.27% [1] - Western Superconductor (code: 688122) at 64.38, up 3.24% [1] - Hitec High-tech (code: 002023) at 12.91, up 2.95% [1] - Major decliners included: - Zongheng Co. (code: 688070) at 58.85, down 3.52% [2] - Lijun Co. (code: 002651) at 14.53, down 3.13% [2] - Feili Hua (code: 300395) at 92.55, down 3.00% [2] Capital Flow - The aviation equipment sector saw a net outflow of 1.506 billion yuan from institutional investors, while retail investors contributed a net inflow of 699 million yuan [2][3] - The capital flow for specific stocks showed: - Hitec High-tech had a net inflow of 41.77 million yuan from institutional investors [3] - Hongdu Aviation saw a net inflow of 14.47 million yuan from institutional investors [3] - ST Lian Shi experienced a net inflow of 8.77 million yuan from institutional investors [3]

Core Viewpoint - ST炼石 (000697) reported a slight increase in total revenue and a reduction in net loss for the first half of 2025, indicating improved profitability metrics despite ongoing challenges [1] Financial Performance - Total revenue for the first half of 2025 reached 9.01 billion yuan, a year-on-year increase of 3.59% [1] - The net profit attributable to shareholders was -1.01 billion yuan, showing a year-on-year improvement of 24.18% [1] - In Q2 2025, total revenue was 4.67 billion yuan, up 4.91% year-on-year, while the net profit attributable to shareholders was -469.296 million yuan, an increase of 19.82% year-on-year [1] Profitability Metrics - Gross margin improved to 9.14%, reflecting a year-on-year increase of 2.03% [1] - Net margin was -11.27%, which is a significant improvement of 26.7% year-on-year [1] - Total selling, administrative, and financial expenses amounted to 1.62 billion yuan, accounting for 18.03% of revenue, a decrease of 23.7% year-on-year [1] Key Financial Ratios - Earnings per share (EPS) was -0.12 yuan, an increase of 24.16% year-on-year [1] - The company's net asset value per share decreased to 0.04 yuan, down 86.93% year-on-year [1] - Operating cash flow per share was -0.15 yuan, a decline of 103.11% year-on-year [1] Debt and Cash Flow Concerns - The company has a high interest-bearing debt ratio of 55.05%, indicating significant leverage [2] - Cash flow from operations has been negative over the past three years, raising concerns about liquidity [2] - The ratio of cash and cash equivalents to current liabilities is only 6.31%, suggesting potential cash flow issues [2]

Core Insights - ST炼石 reported a total operating revenue of 901 million yuan, ranking 14th among disclosed peers, with a year-on-year increase of 31.25 million yuan, marking a 3.59% growth compared to the same period last year [1] - The company recorded a net profit attributable to shareholders of -101 million yuan, an increase of 32.16 million yuan from the same period last year, achieving a three-year consecutive increase [1] - The net cash flow from operating activities was -132 million yuan [1] Financial Metrics - The latest debt-to-asset ratio stands at 98.85% [3] - The gross profit margin is 9.14%, up by 0.18 percentage points from the same period last year, achieving a two-year consecutive increase [3] - The latest return on equity (ROE) is -258.39% [3] - The diluted earnings per share are -0.12 yuan, an increase of 0.04 yuan from the same period last year, marking a three-year consecutive increase [3] - The total asset turnover ratio is 0.25 times, ranking 5th among disclosed peers, with a year-on-year increase of 4.30% [3] - The inventory turnover ratio is 1.42 times, also ranking 5th among disclosed peers [3] Shareholder Structure - The number of shareholders is 32,500, with the top ten shareholders holding 478 million shares, accounting for 54.80% of the total share capital [3] - The largest shareholder is 四川发展航空产业投资集团有限公司 with a holding ratio of 23.08% [3] - Other significant shareholders include 张政 (12.33%), 四川发展引领资本管理有限公司 (7.95%), and 四川富润企业重组投资有限责任公司 (6.41%) [3]

炼石航空科技股份有限公司 2025年半年度财务报告 （未经审计） 2025年08月 1、合并资产负债表 编制单位：炼石航空科技股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 168,764,830.52 | 113,433,148.53 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | 34,982,176.02 | | | 应收票据 | 25,795,601.84 | 37,104,652.59 | | 应收账款 | 591,010,370.41 | 484,273,577.30 | | 应收款项融资 | | | | 预付款项 | 54,284,633.65 | 30,293,276.67 | | 应收保费 | | | | 应收分保账款 | | | | 应收分保合同准备金 | | | | 其他应收款 | 27,573,486.16 | 34,627,140.67 | | 其中：应收利息 | | | | 应收股利 ...

| | | | 上市公 | 2025 年期初 | 2025 年 | 1-6 月占 | 2025 年 | 2025 年 | 2025 | 年 6 | 往来 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 其它关联资金往来 | 资金往来方 | 往来方与上市公司的 | 司核算 | | | | 1-6 月占 | 1-6 月偿 | 月 30 | 日占 | | 往来 | | | 名称 | 关联关系 | 的会计 | 占用资金余 | 用累计发生金额 | | 用资金 | 还累计发 | 用资金余 | | 形成 | 性质 | | | | | | 额 | （不含利息） | | | | | | 原因 | | | | | | 科目 | | | | 的利息 | 生金额 | 额 | | | | | 控股股东、实际控制 | | | | | | | | | | | | | | 人及其附属企业 | | | | | | | | | | | | | | 小计 | | | | | | | | | | | | | | | 陕西炼石矿 ...

Core Viewpoint - The company is focusing on digital transformation to enhance production efficiency and management levels, aiming to improve profit margins in the context of industry challenges [1] Group 1: Digital Transformation Impact - Anhui's Laoxiangji has increased its gross margin from 20% to 24% through digital transformation [1] - Fresh Legend's small stores have seen a rise in gross margin from 18% to 28% due to similar digital initiatives [1] Group 2: Company Strategy - The company plans to continue its smart transformation and digital upgrade in production processes, aligning with its business expansion progress [1] - The company expresses gratitude for investor interest and emphasizes its commitment to improving delivery efficiency and management standards [1]

证券代码：000697 证券简称：ST 炼石 公告编号：2025-038 炼石航空科技股份有限公司 关于招募重整投资人事项的进展公告 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、误导性陈述或者重大遗漏。 一、预重整基本情况 炼石航空科技股份有限公司(以下简称"公司")分别于 2025 年 1 月 3 日、2025 年 1 月 21 日召开第十一届董事会第十三次会议和 2025 年第一次临时股东大会， 审议通过了《关于拟向法院申请重整及预重整的议案》，同意公司向有管辖权的 法院申请重整及预重整。具体内容详见公司于 2025 年 1 月 4 日、1 月 22 日在《中 国证券报》《证券时报》《上海证券报》《证券日报》和巨潮资讯网 (www.cninfo.com.cn)刊载的相关公告。 2025 年 7 月 18 日，公司收到临时管理人《关于重整投资人招募情况的通知》， 1 截至 2025 年 7 月 18 日 12 时，共有 58 家意向投资人（两家及以上企业组成联合 体报名的，视为一个报名主体）通过资格审查并足额缴纳了报名保证金。 目前，预重整临时管理人与公司正在积极有序推进重整投 ...

[LianShi Aviation 2025 Semi-Annual Performance Forecast](index=1&type=section&id=%E7%82%BC%E7%9F%B3%E8%88%AA%E7%A9%BA%E7%A7%91%E6%8A%80%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B82025%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A) [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company expects to continue incurring losses in the first half of 2025, though the net loss attributable to shareholders is projected to significantly narrow compared to the same period last year - The company forecasts a negative net profit for the period from January 1, 2025, to June 30, 2025[3](index=3&type=chunk) 2025 Semi-Annual Performance Forecast vs. Prior Year Comparison | Item | Current Period | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | Loss: **98.00 million yuan** | Loss: **132.97 million yuan** | | **Net Profit Excluding Non-Recurring Gains/Losses** | Loss: **96.70 million yuan** | Loss: **151.86 million yuan** | | **Basic Earnings Per Share** | Loss: **0.1122 yuan/share** | Loss: **0.1523 yuan/share** | [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The company explicitly states that the financial data presented in this performance forecast has not been audited by an accounting firm - The financial data in this performance forecast has not been audited by an accounting firm[5](index=5&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The year-over-year reduction in operating losses for the first half of 2025 is primarily attributed to increased revenue and profit from domestic aviation manufacturing and lower financial expenses due to exchange rate fluctuations - The primary reasons for the year-over-year reduction in performance losses include: - Increased operating revenue and net profit from domestic aviation manufacturing business - Decreased financial expenses due to exchange rate fluctuations[6](index=6&type=chunk) [Risk Warning](index=1&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company advises that this performance forecast is a preliminary estimate by the finance department, with final data subject to the official 2025 semi-annual report, and cautions investors regarding investment risks - This performance forecast represents preliminary estimates by the company's finance department, with final financial data subject to the company's officially disclosed 2025 semi-annual report[7](index=7&type=chunk) - The company's designated information disclosure media include China Securities Journal, Securities Times, Shanghai Securities News, Securities Daily, and Juchao Information Network (www.cninfo.com.cn)[7](index=7&type=chunk)

ST炼石（000697）公告，预计2025年1月1日至2025年6月30日期间，归属于上市公司股东的净利润亏损 9800万元，上年同期为亏损1.33亿元；扣除非经常性损益的净利润亏损9670万元，上年同期为亏损1.52 亿元；基本每股收益亏损0.1122元/股，上年同期为亏损0.1523元/股。公司经营业绩亏损同比减少，主 要由于国内航空制造业务营业收入和净利润上升，以及汇率波动使财务费用下降。 ...