格隆汇12月24日丨航发控制(000738.SZ)公布，公司于2025年12月24日收到独立董事邸雪筠女士的书面 辞职报告。邸雪筠女士因连续担任公司独立董事满六年，申请辞去公司第十届董事会独立董事、董事会 审计委员会召集人、董事会提名与薪酬考核委员会召集人职务，辞职后不在公司及控股子公司担任其他 任何职务。 ...

Core Viewpoint - The company announced the resignation of independent director Ms. Di Xuejun, who has served for six consecutive years, effective December 24, 2025 [1] Group 1 - Ms. Di Xuejun has applied to resign from her positions as independent director of the company's 10th board, chairperson of the audit committee, and chairperson of the nomination and compensation committee [1] - Following her resignation, Ms. Di will not hold any other positions within the company or its subsidiaries [1]

一、独立董事离任情况 中国航发动力控制股份有限公司（以下简称公司）于 2025 年 12 月 24 日收到独立 董事邸雪筠女士的书面辞职报告。邸雪筠女士因连续担任公司独立董事满六年，申请 辞去公司第十届董事会独立董事、董事会审计委员会召集人、董事会提名与薪酬考核 委员会召集人职务，辞职后不在公司及控股子公司担任其他任何职务。 根据《公司法》《公司章程》及相关法律法规的规定，邸雪筠女士的辞职将导致公 司独立董事占董事会成员的比例低于三分之一，其辞职报告将在公司股东会选举产生 新任独立董事后生效。在公司新任独立董事就任前，邸雪筠女士将继续按照有关法律 法规以及《公司章程》有关规定履行独立董事职责，公司董事会将按照有关规定履行 相关程序，尽快完成独立董事的补选工作。 证券代码：000738 证券简称：航发控制 公告编号:2025-061 中国航发动力控制股份有限公司 关于独立董事离任的公告 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、 误导性陈述或重大遗漏。 2025 年 12 月 25 日 截至本公告披露日，邸雪筠女士未持有公司股份，不存在未履行完毕的公开承诺。 邸雪筠女士在任职期间恪 ...

Core Viewpoint - The company is a key enterprise designated by the state for the research and production of aviation engine control systems, which can be equipped on mid-to-high-end military and civilian drones, including the "Qinling" engine [1] Company Overview - The company specializes in the development and production of aviation engine control systems [1] - It is recognized as a core enterprise in the field of aviation technology [1] Product Application - The aviation engine control systems produced by the company are applicable to both military and civilian unmanned aerial vehicles (UAVs) [1] - The systems can be integrated with engines such as the "Qinling" engine [1]

资金流向方面，主力资金净流入350.56万元，特大单买入1324.06万元，占比4.28%，卖出1211.63万元， 占比3.91%；大单买入7484.77万元，占比24.17%，卖出7246.63万元，占比23.40%。 截至12月19日，航发控制股东户数7.23万，较上期增加6.02%；人均流通股18182股，较上期减少 5.68%。2025年1月-9月，航发控制实现营业收入39.68亿元，同比减少5.75%；归母净利润4.01亿元，同 比减少36.25%。 分红方面，航发控制A股上市后累计派现9.03亿元。近三年，累计派现5.14亿元。 航发控制今年以来股价跌7.33%，近5个交易日涨5.36%，近20日涨8.66%，近60日涨5.90%。 资料显示，中国航发动力控制股份有限公司位于江苏省无锡市滨湖区梁溪路792号，成立日期1997年6月 20日，上市日期1997年6月26日，公司主营业务涉及航空、航天发动机控制系统产品的研制、生产、销 售、修理;汽车零部件、摩托车零部件生产、销售。主营业务收入构成为：航空发动机及燃气轮机控制 系统89.13%，国际合作7.48%，控制系统技术衍生产品3.39%。 航发 ...

Core Insights - The aerospace ETF Tianhong (159241) has seen a significant increase in trading volume and fund inflow, with a turnover of 5.1% and a transaction value of 29.24 million yuan on December 23, 2025 [1] - The ETF has grown by 66.58 million yuan in scale and 31 million shares in the last two weeks, indicating strong investor interest [1] - The ETF tracks the National Aerospace Industry Index, which has a high defense and military weight of 96.2%, making it the highest military content index in the market [1] Product Highlights - The Tianhong aerospace ETF (159241) includes major stocks such as AVIC Chengfei, AVIC Shenyang, AVIC Xifei, and Aero Engine Corporation of China, focusing on core suppliers for fighter jets [1] - The Long March 12A reusable launch vehicle, developed by the China Aerospace Science and Technology Corporation, is set for its maiden flight, marking a significant event in the aerospace sector [2] Industry Trends - The commercial aerospace sector is entering a period of rapid growth, with expectations for a global explosion in commercial space activities over the next two years [2] - The demand for launch services and satellite networking is anticipated to accelerate, supported by successful launches of new rockets like the Zhuque-3 and Long March 12A [2] - The establishment of a commercial aerospace administration and the introduction of specialized development plans are optimizing the policy environment, facilitating the transition of China's commercial aerospace from exploration to growth [2]

12月19日，航发控制涨5.13%，截至发稿，报20.92元/股，成交5.93亿元，换手率2.22%，总市值275.14 亿元。 资料显示，中国航发动力控制股份有限公司位于江苏省无锡市滨湖区梁溪路792号，成立日期1997年6月 20日，上市日期1997年6月26日，公司主营业务涉及航空、航天发动机控制系统产品的研制、生产、销 售、修理;汽车零部件、摩托车零部件生产、销售。主营业务收入构成为：航空发动机及燃气轮机控制 系统89.13%，国际合作7.48%，控制系统技术衍生产品3.39%。 从基金十大重仓股角度 数据显示，嘉合基金旗下1只基金重仓航发控制。嘉合锦元回报混合A（011015）三季度持有股数5.17万 股，占基金净值比例为2.68%，位居第十大重仓股。根据测算，今日浮盈赚取约5.27万元。 嘉合锦元回报混合A（011015）成立日期2021年3月23日，最新规模2890.83万。今年以来收益3.97%， 同类排名6871/8098；近一年收益2.15%，同类排名7328/8067；成立以来亏损12.54%。 嘉合锦元回报混合A（011015）基金经理为李超。 截至发稿，李超累计任职时间4年174天， ...

Core Viewpoint - The stock of AVIC Control has shown fluctuations with a recent increase of 2.06%, while the company faces a year-to-date decline of 10.23% in stock price [1] Group 1: Stock Performance - As of December 18, AVIC Control's stock price is 19.81 CNY per share, with a trading volume of 3.04 billion CNY and a market capitalization of 26.054 billion CNY [1] - The stock has experienced a 2.80% increase over the last five trading days, a 4.70% increase over the last 20 days, and a 4.26% increase over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, AVIC Control reported a revenue of 3.968 billion CNY, a year-on-year decrease of 5.75%, and a net profit attributable to shareholders of 401 million CNY, down 36.25% year-on-year [2] Group 3: Shareholder Information - As of December 10, the number of shareholders for AVIC Control is 68,200, an increase of 2.03% from the previous period, with an average of 19,277 circulating shares per shareholder, a decrease of 1.99% [2] - The company has distributed a total of 900 million CNY in dividends since its A-share listing, with 514 million CNY distributed over the last three years [3] Group 4: Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders include Huaxia Military Safety Mixed A, holding 26.1391 million shares, and the Fortune CSI Military Leader ETF, holding 17.8382 million shares, both showing increases in holdings [3]

Group 1 - Military stocks surged in the afternoon, with AVIC Heavy Machinery hitting the daily limit up [1] - Companies such as StarNet and AVIC High-Tech, as well as Aero Engine Control, experienced significant gains [1]

Group 1 - The A-share market experienced a collective pullback on December 16, with the aerospace sector showing significant fluctuations, particularly the Aerospace ETF (159227), which narrowed its decline to 0.25% by 14:39, with a trading volume of 273 million yuan [1] - The Aerospace ETF has recently surpassed 2.1 billion yuan in scale, making it the largest of its index, with key holdings such as Aerospace Development and Aerospace Electronics reaching their daily limit [1] - The commercial aerospace sector has been gaining momentum, highlighted by the successful launch of Blue Arrow Aerospace's "Zhuque-3" rocket, marking China's first successful orbit of a reusable liquid oxygen-methane rocket [1] Group 2 - CITIC Securities reports that OpenAI is seeking to establish, invest in, or acquire a rocket company to compete in the space computing sector, indicating a growing recognition of the commercial value in space computing [2] - The commercial aerospace industry is entering a new era with the mass launch phases of China StarNet and G60 Qianfan Constellation, alongside the operationalization of Hainan's commercial launch site and rockets, leading to trends of high capacity and low cost [2] - The Aerospace ETF (159227) tracks the National Aerospace Index, with a significant 96.6% allocation to the military industry, focusing on aerospace capabilities and covering a full industry chain from fighter jets to satellites [2]