炼石航空科技股份有限公司 重整计划 在本重整计划中，除非文义另有所指，下列左栏中的术语或简称对应右栏中的含 义或全称： | 词语简称 | 指 | 词语含义或全称 | | --- | --- | --- | | 一、主体类 | | | | 炼石航空/公司/上市公司 | 指 | 炼石航空科技股份有限公司 | | /债务人 | | | | 法院/成都中院 | 指 | 四川省成都市中级人民法院 | | 中国证监会 | 指 | 中国证券监督管理委员会 | | 深交所 | 指 | 深圳证券交易所 | | 中登深圳 | 指 | 中国证券登记结算有限责任公司深圳分公司 | | 川发航投/控股股东 | 指 | 四川发展航空产业投资集团有限公司 | | 四川发展 | 指 | 四川发展（控股）有限责任公司 | | 引领资本 | 指 | 四川发展引领资本管理有限公司 | | 申万菱信资管计划 | 指 | 申万菱信基金-四川发展引领资本管理有限公司-申 | | | | 万菱信-引领资本1号大股东增持单一资产管理计划 | | 控股股东及其一致行动 | 指 | 川发航投、引领资本、申万菱信资管计划 | | 人 | | | | 四川富润 | ...

证券代码：000697 证券简称：*ST 炼石 公告编号：2025-058 炼石航空科技股份有限公司 关于公司重整计划获法院裁定批准的公告 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、误导性陈述或者重大遗漏。 特别提示： 1、2025年11月12日，炼石航空科技股份有限公司（以下简称"炼石航空" 或"公司"）收到四川省成都市中级人民法院（以下简称"成都中院"或"法 院"）送达的《民事裁定书》，成都中院裁定批准《炼石航空科技股份有限公司 重整计划》，并终止公司重整程序。 2、成都中院裁定批准公司的重整计划后，公司将进入重整计划执行阶段。 敬请广大投资者谨慎决策，注意投资风险。 2025年9月23日，成都中院依法裁定受理炼石航空的重整申请，并于同日指 定北京金杜（成都）律师事务所担任公司管理人。具体内容详见公司于2025年9 月24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。 根据公司于2025年10月28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 ...

Core Viewpoint - The company has received a civil ruling from Chengdu Intermediate Court approving its restructuring plan and terminating the restructuring process, allowing it to enter the execution phase of the plan, which is expected to optimize its asset-liability structure and enhance its ongoing operations and profitability, impacting the financial data for 2025 [1] Summary by Relevant Sections - Restructuring Approval - The court has approved the company's restructuring plan, marking a significant step towards financial recovery [1] - Execution Phase - The company will now enter the execution phase of the restructuring plan, which is crucial for improving its financial health [1] - Financial Impact - Successful execution of the restructuring plan is anticipated to positively influence the company's financial data for the year 2025 [1] - Stock Market Implications - The company's stock is currently under delisting risk warning, and any issues during the restructuring execution could lead to termination of its listing [1]

Core Viewpoint - The company has announced its intention to apply for reorganization and pre-reorganization in light of its financial situation, as approved by its board and shareholders [5][6]. Financial Data - The company confirms that there are no adjustments or restatements required for previous accounting data [3]. - The third-quarter financial report has not been audited [7]. - The company has not reported any non-recurring gains or losses [3]. Shareholder Information - The company has provided details regarding its major shareholders and their holdings, but there are no changes in the top ten shareholders due to securities lending activities [5]. Important Events - The company held meetings on January 3 and January 21, 2025, to approve the proposal for reorganization [5]. - The first creditors' meeting on October 27, 2025, approved the reorganization plan draft [6].

Core Viewpoint - The aviation equipment sector experienced a rise of 1.11% on October 28, with Tongyi Aerospace leading the gains, while the overall market indices showed a decline [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3988.22, down 0.22%, and the Shenzhen Component Index closed at 13430.1, down 0.44% [1]. - Key stocks in the aviation equipment sector showed significant gains, with Tongyi Aerospace rising by 6.00% to a closing price of 17.15 [1]. Group 2: Stock Performance - Notable performers included: - Filihua, which increased by 5.47% to 88.00, with a trading volume of 444,000 shares and a transaction value of 3.838 billion [1]. - Maixinlin, up 5.02% to 65.69, with a trading volume of 81,700 shares and a transaction value of 536 million [1]. - Chengxi Aviation, which rose by 4.91% to 17.31, with a trading volume of 430,300 shares and a transaction value of 739 million [1]. Group 3: Capital Flow - The aviation equipment sector saw a net inflow of 308 million from institutional investors, while retail investors experienced a net outflow of 360 million [2][3]. - Key stocks with significant capital inflows included: - Filihua with a net inflow of 318 million, accounting for 8.30% of its trading volume [3]. - Zhonghang Shenfei with a net inflow of 284 million, representing 11.17% of its trading volume [3].

证券代码：000697 证券简称：*ST 炼石 公告编号：2025-055 2025年9月23日，四川省成都市中级人民法院（以下简称"成都中院"或"法院"） 依法裁定受理炼石航空科技股份有限公司（以下简称"炼石航空"或"公司"）的重 整申请，并于同日指定北京金杜（成都）律师事务所担任公司管理人。具体内容 详见公司于2025年9月24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。 根据公司于2025年10月11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《关于召开第一次债权人 会议的提示性公告》（公告编号：2025-053），成都中院定于2025年10月27日上 午10时以现场会议的方式召开炼石航空重整案第一次债权人会议（以下简称"本 次会议"）。 本次会议于2025年10月27日上午10时准时召开，并对《关于聘请中介机构的 议案》《关于采用非现场方式召开债权人会议的议案》《炼石航空科技股份有限 公司重整计划（草案）》进行审议、表决。根据《深圳证券交易所股票上市规则 ...

证券代码：000697 证券简称：*ST 炼石 公告编号：2025-056 炼石航空科技股份有限公司 关于出资人组会议决议的公告 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、误导性陈述或者重大遗漏。 特别提示： 1、本次出资人组会议未出现否决议案的情形。 2、本次出资人组会议未涉及变更以往股东会已通过的决议。 一、会议召开情况 1、召集人：炼石航空科技股份有限公司管理人。 2、召开方式：现场表决和网络投票相结合。 3、现场会议地点：四川省成都市双流区西航港大道2999号公司会议室。 4、现场会议召开时间：2025年10月27日14:30。 网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为20 25年10月27日上午9:15-9:25、9:30-11:30、下午13:00-15:00；通过深圳证券交易所 互联网投票的具体时间为2025年10月27日上午9:15至下午15:00期间的任意时间。 5、主持人：炼石航空科技股份有限公司管理人刘博。 6、会议的召开符合有关法律、行政法规、部门规章、规范性文件和《公司章 程》的有关规定。 二、会议出席情况： （一）股东出席会议 ...

北京中伦（成都）律师事务所 北京中伦（成都）律师事务所 关于炼石航空科技股份有限公司 出资人组会议的 法律意见书 二〇二五年十月 关于炼石航空科技股份有限公司 出资人组会议的 法律意见书 【2025】中伦成律（见）字第 124649-0001-251002 号 致：炼石航空科技股份有限公司 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》）、《中华人民共和国企业破产法》（以下简称《破产 法》）等法律、行政法规和规范性文件及《炼石航空科技股份有限公司章程》（以 下简称《公司章程》）的规定，北京中伦（成都）律师事务所（以下简称"本所"） 接受炼石航空科技股份有限公司（以下简称"公司"）的委托，指派律师出席了 2025 年 10 月 27 日召开的炼石航空科技股份有限公司重整案出资人组会议（以下简 称"本次会议"），并对本次会议的相关事项依法出具本法律意见书。 1 [法律意见书] 为出具本法律意见书，本所及经办律师依据《证券法》《破产法》等规定及 公司本次会议所涉及的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用 原则，现场参与本次会议并审阅了相关的文件和资料。 ...

Market Overview - The aviation equipment sector rose by 0.91% on October 21, with Filihua leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Filihua (300395) saw a significant increase of 14.17%, closing at 80.50 with a trading volume of 426,500 shares [1] - Other notable performers included Hangxin Technology (300424) with a 6.02% increase, and Hangyu Technology (688239) with a 4.42% increase [1] - The table below summarizes the performance of key stocks in the aviation equipment sector: | Code | Name | Closing Price | Change (%) | Volume (thousand) | |--------|--------------|---------------|------------|-------------------| | 300395 | Filihua | 80.50 | 14.17 | 426.5 | | 300424 | Hangxin Tech | 17.79 | 6.02 | 248.6 | | 688239 | Hangyu Tech | 43.67 | 4.42 | 48.3 | | 920642 | Tongyi Aerospace | 14.97 | 2.46 | 20.1 | | 002297 | Boyun New Material | 9.00 | 2.39 | 471.7 | | 603261 | *ST Lihang | 21.10 | 2.23 | 12.5 | | 300034 | Steel Research | 16.38 | 2.12 | 120.9 | | 920006 | Shengcao Technology | 27.85 | 1.94 | 11.3 | | 688287 | *ST Guandian | 4.78 | 1.92 | 14.9 | | 002625 | Guangqi Technology | 46.78 | 1.92 | 189.7 | [1] Capital Flow - The aviation equipment sector experienced a net inflow of 601 million yuan from institutional investors, while retail investors saw a net outflow of 454 million yuan [2] - The following table outlines the capital flow for key stocks: | Code | Name | Institutional Net Inflow (yuan) | Institutional Net Ratio | Retail Net Inflow (yuan) | Retail Net Ratio | |--------|--------------|----------------------------------|-------------------------|--------------------------|------------------| | 300395 | Filihua | 439 million | 13.32% | -83.56 million | -10.78% | | 688122 | Western Superconductor | 92.06 million | 7.09% | -36.26 million | -4.30% | | 300424 | Hangxin Tech | 54.02 million | 12.49% | -798,450 | -10.64% | | 600893 | Aero Engine | 47.64 million | 7.85% | 390,730 | -8.50% | | 688237 | Superlative Aerospace | 28.34 million | 18.13% | 530,500 | -21.53% | [3]

Core Insights - The defense and military industry index experienced a decline of -4.70% over the past week, ranking 23rd out of 31 in the Shenwan primary industry [7][41] - The current PE-TTM for the defense and military industry is 83.33, which is at the 76.67 percentile compared to the past decade, indicating a relatively high valuation level [12][15] - The report highlights significant individual stock performances, with North China Long Dragon leading with an increase of 8.71% over the past week, while Guorui Technology saw a decline of -14.00% [17][41] Industry and Stock Market Review - The defense and military industry index has shown a decline of -1.92% over the past month, ranking 11th out of 31 [9][41] - Over the past year, the industry index has increased by 16.91%, ranking 19th out of 31 [3][41] - The trading volume for the defense and military industry reached 310.8 billion yuan this week, a year-on-year decrease of -8.63% but a week-on-week increase of +128.08% [31][34] Important Company Announcements - The report includes various significant announcements from companies in the defense sector, such as strategic cooperation agreements and stock repurchase plans [38] Industry News - Indonesia confirmed its plan to purchase Chinese-made J-10 fighter jets, with a defense budget of at least 9 billion USD approved [40][41] - Successful launches of low-orbit satellite internet groups and the sixth batch of the Qianfan constellation were reported, indicating advancements in commercial aerospace [40][42] Investment Recommendations - The report suggests focusing on key investment themes such as military trade, commercial aerospace, unmanned equipment, military AI, and low-altitude economy [43]