AVIC XAC(000768)

Search documents
军工行业周复盘、前瞻:中报业绩持续发布,部分子板块景气度得到初步验证
CMS· 2025-08-25 01:34
Investment Rating - The report maintains a strong buy rating for several key companies in the military industry, including AVIC Xi'an Aircraft Industry Group (中航西飞), AVIC Optoelectronics (中航光电), and Aerospace Rainbow (航天彩虹) [8]. Core Insights - The military industry index increased by 3.07% this week, underperforming the CSI 300 index by 1.11 percentage points. Year-to-date, the military industry index has risen by 25.49%, outperforming the CSI 300 index by 14.23 percentage points [1][13]. - The report highlights that the mid-year performance of certain sub-sectors, such as artillery and military electronics, has shown initial signs of recovery, with strong year-on-year growth in revenues for key companies [21][24]. - The report anticipates a significant acceleration in performance for the commercial aerospace sector in the second half of the year, driven by an increase in launch activities [24]. Summary by Sections Market Review - The military industry index rose by 3.07% this week, lagging behind the CSI 300 index. The aerospace equipment, military electronics, and aviation equipment sub-sectors outperformed the military industry index, with increases of 4.42%, 3.69%, and 3.64% respectively [1][15]. Key Events - The mid-year performance reports indicate a strong recovery in the artillery sector, with a 17.36% revenue growth for China North Arrow (中兵红箭) and a significant increase in specialized equipment manufacturing [24]. - In the military electronics sector, companies like Hongyuan Electronics (鸿远电子) and Torch Electronics (火炬电子) reported rapid revenue and profit recovery, with year-on-year increases of 22.3% and 24.2% respectively [24]. Forward-Looking Catalysts - The establishment of new policy financial tools is expected to support emerging industries, with an estimated investment of around 500 billion yuan, potentially benefiting sectors like commercial aerospace and deep-sea technology [26]. - The development of unmanned equipment is highlighted as a new force in maritime defense, with various unmanned systems being introduced, such as the HSU-001 unmanned submersible and the "Whale" unmanned vessel [26][27].
工会的时光里
Xin Lang Cai Jing· 2025-08-22 03:48
暮色漫过中航西飞试飞站的铁丝网时,我总错觉那些掠过天际的银鹰是白羽大鹏,振翅间抖落一地星 辰。三十载光阴在航空城的土地上生根,长成一片钢铁森林,而我的故事,是缠绕在枝丫间的常春藤, 年轮里刻满掌纹。 铁皮炉火煮春秋 综合管理室的台历总被红笔戳出蜂窝。晨光未启,我已在钢制文件柜前站成座钟,齿轮咬合的声响是这 座城的晨钟。专业厂例会的茶水要烫,劳保用品的账册要平,职工体检的队伍要像雁阵般齐整。那年疫 情,我领着后勤队在车间搭起行军床,防护服裹着汗珠在铁皮墙上洇出盐霜,却坚持把热汤面送到每个 隔断间。钳工老张捧着碗说:"这滋味,比当年丈母娘下的阳春面还暖胃。" (来源:中国航空报) 王倩 蒲公英的诺言 53岁生日那天,青年们用情景剧给我一个惊喜。扎马尾的姑娘学我走访困难户的架势,倒把老职工的皱 纹都演活了。散场时瞥见新委员在笔记本上勾画劳动竞赛方案,笔尖沙沙声像战鹰的轰鸣一样动听。职 工书屋的"文体课堂"里,我教"00后"姑娘打反手球,她击出的弧线惊飞了窗外的麻雀,举着球拍嚷着要 寄给老家爹娘——这丫头哪里晓得,她挥拍的模样,正折射了我三十年前在工会墙报前抄写的影子。 工会文化长廊的玻璃橱窗泛着琥珀光,前辈们抬着零 ...
中航西飞:截至2025年8月20日,公司的股东人数是173915户
Zheng Quan Ri Bao Wang· 2025-08-21 10:13
证券日报网讯中航西飞(000768)8月21日在互动平台回答投资者提问时表示,截至2025年8月20日,公 司的股东人数是173915户。 ...
航空装备板块8月21日涨0.02%,利君股份领涨,主力资金净流出1.51亿元
Zheng Xing Xing Ye Ri Bao· 2025-08-21 08:38
| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002651 | 利君股份 | 15.20 | 9.99% | 105.77万 | 15.33亿 | | 688237 | 超卓航科 | 35.41 | 8.35% | 3.34万 | ● 1.15亿 | | 002023 | 海特高新 | 12.93 | 7.48% | 157.00万 | 20.17亿 | | 000697 | ST炼石 | 8.72 | 5.06% | 16.11万 | 1.38亿 | | 688287 | *ST观曲 | 5.32 | 4.31% | 8.54万 | 4521.46万 | | 688070 | 纵横股份 | 57.39 | 2.85% | 3.14万 | 1.81亿 | | 300696 | 爰乐达 | 30.42 | 2.42% | 30.58万 | 9.17亿 | | 688708 | 佳驰科技 | 77.68 | 2.35% | 2.18万 | 2659"T | | 000768 | 中航西飞 | 28 ...
军工行业周复盘、前瞻:商业航天进入密集发射期,水下作战是93阅兵重点之一
CMS· 2025-08-21 01:34
Investment Rating - The report maintains a strong buy recommendation for several key companies in the military industry, including 中航西飞, 中航光电, 航天彩虹, 中科海讯, and 中航沈飞, among others [8]. Core Insights - The military industry has entered a phase of intensive commercial space launches, with significant advancements in satellite manufacturing and rocket launches [20][21]. - The ground equipment sub-industry has shown strong performance, with a year-to-date increase of 97.5%, driven by increased orders and mergers [14][12]. - The upcoming military parade on September 3 will highlight underwater combat capabilities, showcasing new technologies and equipment [25][26]. Summary by Sections Market Review - The SW National Defense and Military Index decreased by 0.15% this week, underperforming the CSI 300 Index by 2.22 percentage points. However, it has increased by 21.74% year-to-date, outperforming the CSI 300 Index by 14.94 percentage points [12][18]. - The ground equipment sub-industry led the military sectors with a weekly increase of 2.27% [14]. Key Events Recap - The commercial space sector is experiencing a surge in satellite launches, with three successful launches in August alone. Notable advancements include the successful deployment of multiple satellite constellations [20][21]. - The report highlights the increasing capabilities in satellite manufacturing and the launch of new commercial rockets, with a total of 39 launches by private companies from 2021 to mid-2025 [20]. Catalysts Outlook - The military parade scheduled for September 3 will feature new combat capabilities, particularly in underwater operations, reflecting advancements in military technology [25][26]. - The report emphasizes the importance of domestic and military trade demand, which is expected to enhance pricing power and profitability for leading companies in the sector [25].
奋勇争先,决战决胜“十四五”|西安推动航空产业规模化集聚化发展
Ren Min Ri Bao· 2025-08-14 04:23
在西安,这样的首飞并不少见。67年前,新中国航空人奔赴西安,建设"172厂"。"172厂"是中航西 安飞机工业集团股份有限公司的前身,为我国航空产业奠定了基础。如今,全国1/4的航空科研力量、 18个航空"国家队"和2000余家配套企业聚集于此,构建起国家级航空产业集群。 2023年5月,习近平总书记在听取陕西省委和省政府工作汇报时指出:"要立足自身产业基础和资源 禀赋,坚持把发展的着力点放在实体经济上"。深入贯彻落实习近平总书记重要指示精神,西安立足自 身禀赋,发挥比较优势,推动航空产业规模化集聚化发展。 全链协同,做强产业集群—— 西安阎良国家航空高技术产业基地,拥有1000余家零件制造企业、1.2万台数控机床,从毫米级标 准件到飞机壁板,都可以制造。 锻造"骨骼"。西安三角防务股份有限公司锻造车间里,12.5万吨模锻液压机正在建设安装,投入使 用后将为飞机锻造钛合金"骨骼"。 人民日报记者 张铁 张丹华 白色机身、红色尾翼、黑色螺旋桨,我国自主研制的新舟60民用搜救机7月24日在陕西西安完成首 次飞行。 "用传统方法计算起落架关键姿态数据,1个人要用上1天才能完成。"中航西安飞机工业集团股份有 限公司副 ...
陕西研发新设备破解大飞机蒙皮加工难题
Shan Xi Ri Bao· 2025-08-13 22:29
Group 1 - The core achievement of AVIC Xi'an Aircraft Industry Group is the successful development of a 12-meter horizontal dual five-axis mirror milling equipment and mirror milling process technology, addressing the manufacturing challenge of ultra-large, ultra-thin skin parts that are prone to deformation due to their weak rigidity [1][2] - The large curved skin of the domestically produced Y-20 transport aircraft is characterized as a "metal film," combining ultra-large size and ultra-thin properties, which makes it a typical weak rigidity component that is difficult to process with traditional CNC equipment [1] - The company has established a technological system for the processing of large curved skins through collaborative efforts in innovation and research, overcoming multiple core technical challenges [1] Group 2 - The successful development of the new milling technology provides strong support for the research and mass production of China's Y-20 and C919 aircraft, highlighting the country's independent innovation capabilities in high-end aerospace manufacturing [2] - The innovative design of the "stress line closed thermal symmetrical space frame within a frame" structure has broken through the design bottleneck of large horizontal five-axis machine tools, meeting the automation and high-precision processing needs for ultra-large, ultra-thin skins [1][2] - The technology includes dual five-axis linkage mirror synchronous control and real-time closed-loop measurement of wall thickness, addressing technical challenges in the mirror milling CNC system [1]
陕西研发新设备破解大飞机蒙皮加工难题_陕西日报数字报-群众新闻网
Shan Xi Ri Bao· 2025-08-13 21:38
Group 1 - The core viewpoint of the news is that AVIC Xi'an Aircraft Industry Group has successfully developed a 12-meter horizontal dual five-axis mirror milling equipment and mirror milling process technology to address the manufacturing challenges of ultra-large and ultra-thin skin parts, filling a domestic gap [1][2] Group 2 - The Y-20 large transport aircraft features a large curved skin that is described as a "metal film," which presents significant challenges during processing due to its weak rigidity and susceptibility to deformation from external forces [2] - Traditional CNC equipment is inadequate for processing flexible deformations and real-time wall thickness control, making the machining of ultra-large and ultra-thin skins a significant challenge in the aircraft manufacturing sector [2] - AVIC Xi'an has established a technological system for the dual five-axis mirror milling of large curved skins, overcoming several core technical challenges through collaboration with universities and research institutions [2] - The innovative design of the "stress line closed thermal symmetrical space frame within a frame" has broken through structural design bottlenecks, meeting the automation and high-precision processing needs for large aircraft's ultra-large and ultra-thin skins [2] - The new equipment is equipped with dual five-axis linkage mirror synchronous control and real-time closed-loop measurement control for wall thickness, addressing technical challenges in the mirror milling CNC system [2] - The development of flexible surface workpiece contour matching processing methods has resolved issues related to overall deformation of large thin-walled parts, enabling rapid clamping and automated mirror milling of any shape skin [2] - The successful development of this technology provides strong support for the research and mass production of China's Y-20 and C919 aircraft, showcasing the country's independent innovation capabilities in high-end aviation manufacturing [2]
中俄开展海上联合演训,美开始构建反无人机体系
GUOTAI HAITONG SECURITIES· 2025-08-13 08:15
Investment Rating - The report rates the military industry as "Overweight" [5] Core Views - The military industry is expected to perform well in the long term due to increasing great power competition and rising defense expenditures [9][20] - Recent developments include the joint naval exercises between China and Russia, and the U.S. building a counter-drone defense system [8][20] - The report highlights the restructuring of China's aviation supply chain and the importance of domestic production capabilities in the aerospace sector [22][23] Summary by Sections Investment Highlights - Recommended stocks include: 1) Assembly: AVIC Shenyang Aircraft (600760.SH), AVIC Xi'an Aircraft (000768.SZ), AVIC South Lake (688552.SH) 2) Components: AVIC Optoelectronics (002179.SZ), Guobang Electronics (603678.SH), Ruichuang Micro-Nano (688002.SH) 3) Subsystems: AVIC Aircraft (600372.SH), North Navigation (600435.SH) 4) Materials and Processing: Feilihua (300395.SZ), Guangwei Composite (300699.SZ), Huayin Technology (688281.SH) [5][9][10] Market Performance - The defense military index rose by 5.24% from August 4 to August 8, outperforming the Shanghai Composite Index by 3.13 percentage points [11][12] - The military industry ranked 3rd out of 29 sectors during this period [12] Major News in the Military Industry - The joint naval exercises "Maritime Joint-2025" between China and Russia included real combat training and operational coordination [20][21] - The U.S. is developing a counter-drone defense system, with Ukraine being a testing ground for various technologies [8][9] - Japan is expanding its military influence through participation in multinational exercises, indicating a shift in its defense posture [28][30]
AMAC运输设备指数下跌0.59%,前十大权重包含中航沈飞等
Jin Rong Jie· 2025-08-12 15:28
Group 1 - The AMAC Transportation Equipment Index (AMAC Transportation, H30064) experienced a decline of 0.59%, closing at 2971.02 points with a trading volume of 46.95 billion [1] - Over the past month, the AMAC Transportation Equipment Index has increased by 8.50%, by 17.92% over the last three months, and by 10.82% year-to-date [1] - The index is based on the classification guidelines from the China Securities Association and includes 43 industry classification indices, with a base date of January 1, 2009, set at 1000.0 points [1] Group 2 - The top ten holdings of the AMAC Transportation Equipment Index include China CRRC (9.51%), China Shipbuilding (8.92%), AVIC Shenyang Aircraft (6.84%), Guangqi Technology (6.81%), China Heavy Industry (6.02%), Aero Engine Corporation of China (5.64%), AVIC Xi'an Aircraft (4.07%), AVIC Aircraft (3.12%), Aerospace Electronics (3.08%), and Chunfeng Power (2.99%) [1] - The market composition of the AMAC Transportation Equipment Index shows that the Shanghai Stock Exchange accounts for 75.55% and the Shenzhen Stock Exchange accounts for 24.45% [1] - In terms of industry composition, the sample holdings of the AMAC Transportation Equipment Index are comprised of 92.06% in industrials and 7.94% in consumer discretionary [2]