Core Viewpoint - The company emphasizes that its stock price is influenced by various factors including macroeconomic conditions, industry policies, market sentiment, and capital flows, while asserting that its current production and operational status is normal [2] Group 1: Company Strategy - The company plans to enhance its market value management by focusing on its core business and deepening reforms to improve operational efficiency and business performance, providing solid earnings support for stable market value [2] - The company aims to actively engage in investor relations management through performance briefings and investor research to strengthen communication with the market, enhance company value, protect shareholder interests, and increase investor understanding and recognition [2] - The company intends to formulate a reasonable profit distribution policy to implement a "long-term, stable, and sustainable" shareholder return mechanism, sharing development results with investors [2]

Group 1 - The company, AVIC Xi'an Aircraft Industry Group, reported that as of September 10, 2025, the number of its shareholders is 183,540 [2]

Group 1 - The company acknowledges the significant decline in its stock price and attributes it to various factors including macroeconomic conditions, industry policies, market sentiment, and capital flow [1] - The company plans to enhance its market value management by focusing on core business operations and improving operational efficiency and effectiveness to provide solid performance support for stable market value [1] - The company aims to strengthen investor relations management through performance briefings and investor surveys to improve communication with the market and enhance company value while protecting shareholder interests [1] Group 2 - The company intends to establish a reasonable profit distribution policy that emphasizes "long-term, stable, and sustainable" shareholder return mechanisms to share development results with investors [1]

Core Viewpoint - The company is on track to meet the production and delivery requirements for the C919 aircraft, aligning with the increasing production targets set by COMAC [1] Group 1 - The company is actively enhancing its capabilities to match the rising production goals of COMAC [1] - The C929 aircraft is identified as a crucial component of China's aviation strategy, with promising market prospects [1] - The company is fully committed to advancing the development of the C929 project, which is expected to inject new momentum into its civil aviation industry [1]

Core Viewpoint - The company is on track to meet the production and delivery requirements for the C919 aircraft, aligning with the increasing production targets set by COMAC [1] Group 1: Production and Delivery - The current production progress of the C919 can satisfy the continuous assembly production needs of COMAC [1] - The company is committed to enhancing its capabilities and planning to match the rising production goals of COMAC [1] Group 2: Future Projects - The C929 aircraft is a significant component of the company's strategy, with promising market prospects [1] - The company is fully advancing the development of the C929 project, which is expected to inject new momentum into its civil aviation industry [1]

Core Viewpoint - The company emphasizes the importance of market value management through three dimensions: value creation, value realization, and value operation [2] Group 1: Value Management Strategies - The company focuses on continuous development of its main business and deepening reforms to enhance operational efficiency and business performance, providing solid performance support for market value stability [2] - The company actively engages in investor relations management through various forms such as performance briefings and investor research, aiming to strengthen communication with the market, enhance company value, protect shareholder interests, and increase investor understanding and recognition [2] - The company has established a reasonable profit distribution policy, maintaining cash dividends for 13 consecutive years, balancing performance growth with shareholder returns, and implementing a "long-term, stable, and sustainable" shareholder return mechanism to share development results with investors [2]

Core Viewpoint - Company emphasizes its commitment to technological innovation and strategic alignment with national R&D needs, focusing on key core technology breakthroughs [1] Company Overview - Company primarily engages in the research, manufacturing, sales, maintenance, and service of large and medium-sized transport aircraft, bombers, and special aircraft, as well as military and civilian aviation components [1] R&D Investment - Company is increasing its investment in R&D, with the 2025 semi-annual report indicating that R&D expenses are only a phase of its self-technology investment [1] - Future plans include continuous enhancement of R&D funding to improve aircraft product development and core manufacturing efficiency [1]

Market Performance - On September 5, the aviation equipment sector rose by 1.4%, led by Chaozhuo Aerospace Technology, which increased by 10.66% [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Chaozhuo Aerospace Technology (688237) closed at 47.03 with a gain of 10.66% and a trading volume of 56,800 shares [1] - Filihua (300395) closed at 85.28, up 6.29%, with a trading volume of 265,900 shares [1] - Hengyu Xintong (300965) closed at 65.98, up 5.16%, with a trading volume of 18,700 shares [1] - Hangyu Technology (688239) closed at 38.08, up 4.47%, with a trading volume of 61,800 shares [1] - Other notable performers include Haitai Gaoxin (002023) up 3.51% and Zhonghang Heavy Machinery (600765) up 2.78% [1] Capital Flow - The aviation equipment sector saw a net inflow of 203 million yuan from institutional investors, while retail investors experienced a net outflow of approximately 85.66 million yuan [2][3] - The main capital inflow was observed in Guangqi Technology (002625) with a net inflow of 248 million yuan, while Filihua (300395) had a net inflow of 173 million yuan [3] Summary of Trading Data - The trading volume and turnover for key stocks in the aviation equipment sector indicate strong investor interest, with significant movements in both institutional and retail capital [2][3] - The overall market sentiment appears positive, reflected in the gains across multiple stocks within the sector [1][2]

证券日报网讯中航西飞9月4日在互动平台回答投资者提问时表示，截至2025年8月31日，公司的股东人 数是179，621户。 （文章来源：证券日报） ...

Investment Rating - The report assigns an "Accumulate" rating for the military industry, indicating a potential increase of over 15% relative to the CSI 300 index [4][11]. Core Insights - The 80th anniversary of the victory in the Anti-Japanese War was marked by a grand ceremony in Beijing, showcasing various new military equipment, reflecting China's military technology innovation and strategic deterrence capabilities, highlighting the high prosperity of the military industry [2][4]. - The military parade featured a comprehensive display of the military's restructured force composition, including both traditional and new combat capabilities, emphasizing the integration of advanced technologies such as unmanned systems and hypersonic weapons [4]. - The military industry is expected to maintain high prosperity due to increasing defense spending driven by regional tensions and the need for modernization, particularly in the context of the 100th anniversary of the military's establishment by 2027 [4]. Summary by Sections Event Overview - The military parade included foot formations, equipment displays, and aerial formations, showcasing the systematic achievements of domestic military equipment across land, sea, air, and space [4]. - New models such as the Type 191 long-range box rocket launcher and various advanced missiles were prominently featured, demonstrating the military's capabilities and innovation [4]. Industry Outlook - The demand for military equipment is highly certain, with accelerated reforms expected to sustain high prosperity in the industry [4]. - The report anticipates a long-term positive trend in military equipment construction, with a focus on eliminating outdated equipment and enhancing high-tech capabilities [4]. Recommended Stocks - The report recommends stocks such as AVIC Shenyang Aircraft Company, AVIC Xi'an Aircraft Industry Group, and others, all rated as "Accumulate" [5].