伊以战火映军贸曙光， 国产巨翼启全球翱翔 20250616 摘要 中东紧张局势升级，伊朗核设施遇袭，可能引发地区军贸需求增长，为 中国军贸高端化发展带来机遇。中国运 20 运输机因其产能优势，有望 受益于此轮军贸扩张。 中航西飞作为国产大飞机主机厂，其运 20 运输机在全球同级别机型中 具备稀缺产能，且可改装为特种作战飞机，面临价值重估，值得关注。 菲利华在高端石英玻璃材料领域具有领先地位，其石英玻璃纤维电子布 在高速 PCB 板覆铜板中应用前景广阔，且在半导体加工环节实现国产替 代，支撑高端半导体自主可控。 军工行业预计八九月份将迎来行情上升期，基于元器件订单数据趋势判 断，建议超配弹药消耗相关标的，如航天电器、菲利华、新雷能等，以 及平台型元器件企业。 中国运 20 运输机在全球同级别机型中具备产能优势，军贸产品定价和 盈利能力高于国内装备建设，将引领中国稀缺产能价值重估，利好中航 沈飞、中航成飞等企业。 Q&A 伊以冲突对全球军贸市场可能产生哪些影响？ 中东地区长期以来是全球最大的军贸进口地区，许多涉事国家不具备完整的国 防科技工业能力，因此武器的大量消耗必然牵引全球军贸市场进入新一轮扩张 景气周期。特 ...

Core Viewpoint - The company has approved a profit distribution plan for the fiscal year 2024, which includes a cash dividend distribution of approximately 333.74 million yuan to shareholders, with no stock dividends or capital reserve transfers [1][2]. Summary by Sections Profit Distribution Plan - The profit distribution plan was approved at the 2024 annual shareholders' meeting, with a total cash dividend of 333,737,888.52 yuan based on a total share capital of 2,781,149,071 shares after accounting for the cancellation of 591,000 restricted shares [1][2]. - The cash dividend will be distributed at a rate of 1.08 yuan for every 10 shares held [2]. Shareholder Registration and Dividend Payment Dates - The equity distribution registration date is set for June 20, 2025, and the ex-dividend date will follow shortly after [3]. Dividend Distribution Method - Cash dividends will be directly credited to shareholders' accounts through their custodial securities companies on June 23, 2025 [4]. - The company will handle the distribution of cash dividends for restricted shares independently [4]. Adjustments Related to Shareholder Commitments - The company has made adjustments to the commitment price for shares held by West Aircraft Asset Management Co., which will be modified based on the company's dividend distributions [5]. Consultation Information - The company has provided contact details for inquiries regarding the profit distribution, including addresses, contact persons, and phone numbers [5].

证券代码：000768 证券简称：中航西飞 公告编号：2025-030 中航西安飞机工业集团股份有限公司 2024 年年度权益分派实施公告 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。 中航西安飞机工业集团股份有限公司（以下简称"公司"）2024 年度利润分配方案已获 2025 年 4 月 28 日召开的 2024 年度股东会审 议通过，股东会决议公告刊登于 2025 年 4 月 29 日的《中国证券报》 《证券时报》和巨潮资讯网上，现将权益分派事宜公告如下： 一、股东会审议通过利润分配方案的情况 （一）经公司 2024 年度股东会审议通过的利润分配方案具体内 容 为 ： 以 未 来 实 施 权 益 分 配 方 案 时 股 权 登 记 日 的 总 股 本 2,781,740,071 股为基数，向全体股东每 10 股派送现金股利 1.20 元 （含税），合计分配现金股利 333,808,808.52 元，剩余未分配利润 结转至下一年度，不送红股，不进行资本公积金转增股本。 在利润分配方案公告后至实施前，公司总股本因出现股权激励行 权、可转债转股、股份回购等股本 ...

Core Points - The AG600 amphibious aircraft, developed independently by China, has received a production license from the Civil Aviation Administration of China, marking its entry into mass production [1][3] - The issuance of the production license indicates that the quality system of the AG600 manufacturing unit meets airworthiness regulations and can consistently produce aircraft that meet design standards [3][4] - The certification of the AG600 is a significant recognition of the maturity of its design and the reliability of its production system, reflecting the overall enhancement of China's civil aviation manufacturing capabilities [4] Production and Certification Process - The AG600 aircraft completed the production license approval process in just two months, significantly improving the efficiency of obtaining certification for domestic large civil aircraft [6] - The AG600 needs to obtain three airworthiness certificates to officially enter the commercial operation market, with the production license being the second certificate [7][10] - The first certificate, the type certificate, was obtained in April 2025, indicating that the aircraft's design has been approved [9] Delivery and Production Status - The AG600 is currently in batch production at a facility in Zhuhai, Guangdong, with plans to deliver the first three aircraft to users within the year [12] - The first aircraft has completed its initial production test flight, successfully validating a 12-ton water drop, while the other two aircraft are in the final assembly stage [14]

Group 1 - The core viewpoint of the news is that AVIC Xi'an Aircraft Industry Group Co., Ltd. (中航西飞) has shown a positive stock performance with a closing price of 25.87 yuan, up 4.78% as of June 9, 2025 [1] - The company reported total operating revenue of 8.438 billion yuan for Q1 2025, a slight decrease of 0.20% year-on-year, while net profit attributable to shareholders was 289 million yuan, an increase of 5.97% year-on-year [1] - The company has a current ratio of 1.072, a quick ratio of 0.666, and a debt-to-asset ratio of 71.33% [1] Group 2 - AVIC Xi'an has made investments in 17 companies and participated in 1,807 bidding projects [2] - The company holds 121 trademark registrations and 1,184 patent registrations, along with 80 administrative licenses [2]

Market Overview - The Shanghai Composite Index closed at 3393.26 points, above the six-month moving average, with a change of 0.23% [1] - The total trading volume of A-shares reached 838.618 billion yuan [1] Stocks Breaking Six-Month Moving Average - A total of 184 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Qitian Technology: 11.69% deviation, closing price 14.38 yuan, with a daily increase of 20.03% and turnover rate of 15.50% [1] - Haochen Medical: 8.62% deviation, closing price 3.12 yuan, with a daily increase of 9.86% and turnover rate of 6.44% [1] - Jinyinhai: 7.58% deviation, closing price 21.00 yuan, with a daily increase of 9.66% and turnover rate of 6.43% [1] Additional Stocks with Deviation Rates - Other stocks with notable performance include: - Guangyun Technology: 7.45% deviation, closing price 14.13 yuan, with a daily increase of 9.20% and turnover rate of 4.78% [1] - Yaowang Technology: 5.93% deviation, closing price 7.12 yuan, with a daily increase of 7.88% and turnover rate of 13.64% [1] - Nuotai Biotech: 5.91% deviation, closing price 55.37 yuan, with a daily increase of 10.36% and turnover rate of 5.58% [1] Summary of Other Stocks - Additional stocks with lower deviation rates that have just crossed the six-month moving average include: - Guangdong Hongtu: just above the six-month line [1] - Xinhe Shares: just above the six-month line [1] - Songjing Shares: just above the six-month line [1]

Group 1 - The core viewpoint of the news highlights the recent surge in the rare earth permanent magnet sector, driven by export control measures and market dynamics [1][2] - The A500 Index ETF (159351) has shown a positive performance, with a 0.62% increase and a trading volume exceeding 2 billion yuan, indicating strong investor interest [1][2] - The rare earth industry is experiencing a supply tightening and price stabilization, with expectations for moderate price increases benefiting equity sector profitability [2] Group 2 - The A500 Index ETF closely tracks the CSI A500 Index, which includes 500 representative stocks across various industries, balancing large-cap stocks with core industry leaders [2] - The A-share market is seen as having the potential for a bull market, driven by increasing household asset allocation towards equities and improvements in corporate governance and shareholder returns [3] - The overall profitability of Chinese enterprises is expected to rise, with a historical supply clearing cycle anticipated, indicating a shift towards higher value sectors [3]

证券代码：000768 证券简称：中航西飞 公告编号：2025-026 中航西安飞机工业集团股份有限公司 第九届董事会第十次会议决议公告 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。 中航西安飞机工业集团股份有限公司（以下简称"公司"）第九届董 事会第十次会议通知于2025年5月28日以电子邮件方式发出，会议于2025 年 6 月 3 日以通讯表决方式召开。本次会议由公司董事长吴志鹏先生主持。 本次会议应参加表决董事 11 名，实际参加表决董事 11 名。 本次会议的召开符合《中华人民共和国公司法》（以下简称"《公司法》"） 等有关法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 一、董事会会议审议情况 会议经过表决，形成如下决议： （一）通过《关于修订<公司章程>的议案》 为了进一步提高公司治理水平，根据《公司法》、中国证券监督管理 委员会（以下简称"中国证监会"）《上市公司章程指引（2025 年修订）》、 《深圳证券交易所股票上市规则（2025 年修订）》、《深圳证券交易所上市 公司自律监管指引第 1 号——主板上市公司规范运作（2025 年修 ...

序号 修订前 修订后 1 第二条 出席董事会会议的人员 为董事、董事会秘书；公司监事会成 员、总经理应当列席董事会会议。 第二条 出席董事会会议的人员 为董事、董事会秘书；公司总经理未兼 任董事的，应当列席董事会会议。 2 第七条 董事会各项法定职权应 当由董事会集体行使，不得授权他人行 使，并不得以公司章程、股东大会决议 等方式加以变更或者剥夺。 第七条 董事会各项法定职权应 当由董事会集体行使，不得授权他人行 使，并不得以公司章程、股东会决议等 方式加以变更或者剥夺。 《董事会议事规则》修订对照表 | | 第十一条 董事应当对董事会的 | 第十一条 董事应当对董事会的 | | --- | --- | --- | | | 决议承担责任。董事会的决议违反法律 | 决议承担责任。董事会的决议违反法律 | | | 法规或者公司章程、股东大会决议，致 | 法规或者公司章程、股东会决议，致使 | | 3 | 使公司遭受严重损失的，参与决议的董 | 公司遭受严重损失的，参与决议的董事 | | | 事对公司负赔偿责任。但经证明在表决 | 对公司负赔偿责任。但经证明在表决时 | | | 时曾表明异议并记载于会议记录的，该 ...

证券代码：000768 证券简称：中航西飞 公告编号：2025-028 中航西安飞机工业集团股份有限公司 关于修订《股东会议事规则》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6月3日，中航西安飞机工业集团股份有限公司（以下简称"公 司"）第九届董事会第十次会议审议通过了《关于修订<股东会议事规则> 的议案》，根据《中华人民共和国公司法》、中国证券监督管理委员会《上 市公司章程指引（2025年修订）》、《上市公司股东会规则（2025年修订）》、 《深圳证券交易所上市公司自律监管指引第1号——主板上市公司规范运 作（2025年修订）》等法律、行政法规、部门规章和规范性文件的相关规 定，结合公司的实际情况，拟对《股东会议事规则》部分内容进行修订， 具体修订内容如下： 1 序号 修订前 修订后 1 第一条 为了确保中航西安飞机工 业集团股份有限公司（以下简称"公司"） 股东大会规范运作，提高议事效率，保 证股东大会依法行使职权，保证股东合 法权益，根据《中华人民共和国公司法》、 《上市公司股东大会规则》、深圳证券 交易所《上市公司规范运作指引》 ...