Core Viewpoint - The company,航发控制, forecasts a significant decline in net profit for the fiscal year 2025, projecting a decrease of 52.02% to 58.02% compared to the previous year [1] Financial Performance - The expected net profit attributable to shareholders is estimated to be between 315 million yuan and 360 million yuan [1] - The basic earnings per share are projected to be between 0.2395 yuan and 0.2737 yuan [1] Factors Influencing Performance - The decline in net profit is attributed to several factors, including product price tax reforms, industry price adjustments, and increased tax burdens [1] - The company has also increased resource allocation to emerging sectors such as general aviation and commercial aviation, which has contributed to rising costs [1]

Core Viewpoint - The company,航发控制, forecasts a significant decline in net profit for the year 2025, projecting a decrease of 52.02% to 58.02% compared to the previous year [1] Financial Performance - The estimated net profit attributable to shareholders is expected to be between 315 million yuan and 360 million yuan [1] - The basic earnings per share are projected to be between 0.2395 yuan and 0.2737 yuan [1] Factors Influencing Performance - The decline in net profit is attributed to several factors, including product price tax reforms, industry price adjustments, and increased tax burdens [1] - The company has increased resource allocation to emerging sectors such as general aviation and commercial aviation, which has contributed to rising costs and expenses [1]

Core Viewpoint - The company expects a significant decline in net profit for 2025, with projections indicating a decrease of 52.02% to 58.02% compared to the previous year, primarily due to various external factors and increased costs associated with strategic investments in emerging industries [1] Financial Performance - The estimated net profit attributable to shareholders for 2025 is projected to be between 315 million and 360 million yuan [1] - The estimated net profit after deducting non-recurring gains and losses is expected to be between 310 million and 355 million yuan, reflecting a year-on-year decrease of 51.07% to 57.27% [1] Factors Influencing Performance - The decline in profit is attributed to the product price tax reform policy, adjustments in product prices within the industry, and a significant increase in taxes and additional charges [1] - Increased resource investment in general aviation and commercial aviation sectors has led to a rise in related costs and expenses [1] Strategic Initiatives - The company plans to focus on its military products core business, accelerating the development of key models and enhancing independent innovation capabilities [1] - There is an emphasis on meeting product delivery and improving quality assurance capabilities, with accelerated construction of fundraising projects to enhance R&D, advanced manufacturing, and comprehensive supporting capabilities [1] - The company aims to leverage its technological advantages in its main business to optimize industrial layout and expand into new economic growth areas, including commercial power, general aviation power, and new configurations of gas turbine control systems [1] - Continuous efforts will be made to deepen cost engineering, focusing on design improvements, quality enhancements, key technology breakthroughs, and supply chain management to enhance the technical and cost competitiveness of the company's products [1]

证券代码：000738 证券简称：航发控制 公告编号：2026-001 中国航发动力控制股份有限公司 2025 年度业绩预告 本期业绩预告未经审计。公司就业绩预告有关事项与年审会计师事务所进行沟通，截止 目前公司与年审会计师事务所对本期业绩预告数据内容无分歧。 三、业绩变动原因说明 受产品价税改革政策、行业内产品价格调整、税金及附加显著增加等因素影响，同 时公司加大对通用航空、商用航空等新兴战略产业的资源投入，相关成本费用同比增长，导 致报告期内公司归属于上市公司股东的净利润同比下降。 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。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为正值且属于同向下降 50%以上情形 | 单位：万元 | | --- | | 项 目 | | 本报告期 | | | 上年同期 | | --- | --- | --- | --- | --- | --- | | 营业收入 | | 515,600 | ～ | 520,000 | 548,097 | | ...

Core Viewpoint - The company expects a net profit of 315 million to 360 million yuan for the fiscal year 2025, representing a year-on-year decline of 52.02% to 58.02% due to various factors impacting financial performance [1] Group 1: Financial Performance - The projected net profit for 2025 is significantly lower compared to previous years, indicating a substantial decline in profitability [1] - The decline in net profit is attributed to the impact of product price tax reform policies and adjustments in product prices within the industry [1] - Increased taxes and additional charges have also contributed to the decrease in net profit [1] Group 2: Strategic Investments - The company is increasing its resource allocation towards emerging strategic industries such as general aviation and commercial aviation [1] - The related costs and expenses associated with these investments have risen year-on-year, further affecting the company's profitability [1]

（文章来源：证券时报网） 据天眼查APP显示，中国航发动力控制股份有限公司成立于1997年06月20日，注册资本131518.4001万 人民币。（数据宝） 数据宝统计，截至14:19，航发控制成交额18.74亿元，创2021年8月19日以来新高。最新股价上涨 7.33%，换手率5.91%。上一交易日该股全天成交额为18.63亿元。 ...

从基金十大重仓股角度 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 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6.05万元。 责任编辑：小浪快报 1月12日，航发控制涨5.02%，截至发稿，报24.50元/股，成交15.11亿元，换手率4.81%，总市值322.22 亿元。 截至发稿，李超累计任职时间4年198天，现任基金资产总规模174.44亿元，任职期间最佳基金回报 15.67%， 任职期间最差基金回报-10.46%。 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 ...

Core Viewpoint - The stock of AVIC Control has shown significant price increases recently, with a year-to-date rise of 11.78% and a notable increase of 23.61% over the past 20 trading days, indicating strong market interest and potential growth in the defense and aerospace sector [1]. Group 1: Stock Performance - As of January 12, AVIC Control's stock price reached 23.82 CNY per share, with a trading volume of 4.14 billion CNY and a market capitalization of 31.328 billion CNY [1]. - The stock has experienced a net outflow of 24.19 million CNY from major funds, with large orders accounting for 23.95% of purchases and 25.22% of sales [1]. - Over the past five trading days, the stock has increased by 11.46%, and over the past 60 days, it has risen by 19.40% [1]. Group 2: Financial Performance - For the period ending December 31, 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]. - The company has distributed a total of 9.03 billion CNY in dividends since its A-share listing, with 5.14 billion CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of December 31, the number of shareholders for AVIC Control increased to 72,600, with an average of 18,106 shares held per shareholder, a decrease of 0.42% [2]. - Notable institutional shareholders include Huaxia Military Safety Mixed Fund, which increased its holdings by 14.32 million shares, and the Fortune China Securities Military Leader ETF, which increased its holdings by 2.68 million shares [3].

Core Viewpoint - The stock of AVIC Control has shown significant price increases recently, with a year-to-date rise of 9.67% and a 20-day increase of 20.65%, indicating strong market interest and potential growth in the defense and aerospace sector [1]. Financial Performance - For the period ending December 31, AVIC Control reported a revenue of 3.968 billion yuan, a year-on-year decrease of 5.75%, and a net profit attributable to shareholders of 401 million yuan, down 36.25% compared to the previous year [2]. - Cumulatively, AVIC Control has distributed 903 million yuan in dividends since its A-share listing, with 514 million yuan distributed over the last three years [3]. Shareholder Information - As of December 31, the number of shareholders for AVIC Control reached 72,600, an increase of 0.42% from the previous period, while the average circulating shares per person decreased by 0.42% to 18,106 shares [2]. - Among the top ten circulating shareholders, Huaxia Military Industry Safety Mixed Fund holds 26.1391 million shares, an increase of 14.3277 million shares from the previous period [3].

Core Viewpoint - The domestic aircraft carrier concept has seen a significant increase of 4.70%, leading the gains among concept sectors, with 33 stocks rising, including notable performers like Hailanxin, which hit a 20% limit up [1][2]. Group 1: Market Performance - The domestic aircraft carrier sector recorded a net inflow of 2.284 billion yuan, with 24 stocks experiencing net inflows, and 8 stocks exceeding 100 million yuan in net inflow [2]. - Hailanxin led the net inflow with 888.7 million yuan, followed by China Shipbuilding, AVIC Aircraft, and AVIC Xi'an Aircraft, with net inflows of 726 million yuan, 525 million yuan, and 281 million yuan respectively [2][3]. - The top gainers in the domestic aircraft carrier sector included Hailanxin (20%), China First Heavy Industries (10.07%), and AVIC Aircraft (9.99%) [1][3]. Group 2: Stock Performance - The stocks with the highest net inflow ratios included AVIC Heavy Industry (43.69%), China First Heavy Industries (38.62%), and Hailanxin (24.87%) [3]. - Other notable performers in terms of daily gains included AVIC Xi'an Aircraft (5.60%), China Shipbuilding (4.09%), and Taihao Technology (7.67%) [1][3]. - Conversely, stocks that experienced declines included Bowei Alloy (-1.04%), Zhenxin Technology (-0.31%), and Haohua Technology (-0.18%) [1][5].