数据来源：沪深交易所 风险提示：通用航空ETF华宝被动跟踪国证通用航空产业指数，该指数基日为2012.6.29，发布日期为 2012.12.28，指数成份股构成根据该指数编制规则适时调整，其回测历史业绩不预示指数未来表现。本 文中指数成份股仅作展示，个股描述不作为任何形式的投资建议，也不代表管理人旗下任何基金的持仓 信息和交易动向。基金管理人评估的该基金风险等级为R3-中风险，适宜平衡型（C3）及以上的投资 者，适当性匹配意见请以销售机构为准。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，投资人须对任何自主决定的投资行为负责。另， 本文中的任何观点、分析及预测不构成对阅读者任何形式的投资建议，亦不对因使用本文内容所引发的 直接或间接损失负任何责任。基金投资有风险，基金的过往业绩并不代表其未来表现，基金管理人管理 的其他基金的业绩并不构成基金业绩表现的保证，基金投资须谨慎。 MACD金叉信号形成，这些股涨势不错！ 责任编辑：杨赐 12月5日早盘，商业航天概念继续强势，广联航空大涨逾12%，海特高新涨超6%，应流股份涨超5%，中 国卫星、华力创通等涨近3% ...

12月4日午后，商业航天概念午后涨势扩大，中国卫星涨停，航天电子大涨超8%，海特高新涨超5%， 航天宏图、天银机电涨超4%。一键布局低空经济+大飞机+军民融合+商业航天的通用航空ETF华宝 （159231）场内价格现涨1.06%。 | | | 分制 多日 1分 5分 15分 30分 60分 日 周 月 * | | | | | | F9 盘前盘后 酷加 九杭 面线 工具 @ 1 > | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | O-976 | | | | | 159231[通川航空ETF华国] 09:55 价 0.570 游跌 0.003(0.53%) 均价 0.568 成交量 1702 IOPV 0.5698 . | | | | | | 0.573 +0.006 +1.06% | | | | | | | | | | | | | SZSE CNY 13:20:15 交易中 净值悲妙 | | 华宝国证通用航空产业ETF | | 0.577 | | | | | | | | | 0 ...

格隆汇11月28日丨海特高新(002023.SZ)在投资者互动平台表示，华芯科技是公司的参股公司，据了 解，其目前仍是有限责任公司。 ...

Core Insights - The commercial aerospace sector is experiencing renewed activity, with the Aerospace ETF (159227) rising by 0.99% and achieving a trading volume of 1.79 billion yuan, making it the top performer in its category [1] - The Aerospace ETF has seen a net inflow for three consecutive days, totaling 1.19 billion yuan, reaching a new high of 20.84 billion yuan, making it the largest aerospace-themed ETF in the market [1] - A meeting on the construction of a space data center was held in Beijing on November 27, focusing on key issues and accelerating the development of the Beijing Space Data Center [1] Industry Developments - The commercial aerospace sector is benefiting from multiple favorable policies, including the issuance of the "Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)" by the National Space Administration, which aims to achieve efficient collaboration and significant growth in the industry ecosystem by 2027 [1] - The Aerospace ETF closely tracks the National Aerospace Index, with a high concentration of 98.2% in the military industry, making it the highest purity military index in the market [1] - The ETF covers critical industry chain segments such as aerospace equipment, satellite navigation, and new materials, with a significant focus on emerging fields like large aircraft manufacturing, low-altitude economy, and commercial aerospace, where the commercial aerospace concept accounts for 54% of its weight [1]

Core Viewpoint - The aerospace repair industry in China has developed a comprehensive integrated industrial chain that includes regular maintenance of airframes, deep repair of engines, and specialized maintenance of key components, driven by the growth of the aviation transport sector and supported by regulatory reforms aimed at enhancing operational efficiency [1][11]. Industry Overview - The aerospace repair industry involves the inspection, repair, troubleshooting, regular inspection, refurbishment, and modification of various flying devices, ensuring their structural and functional reliability [4]. - The industry has seen significant growth in demand for regular maintenance and line maintenance due to the sustained health of the national economy and the aviation transport sector [1][11]. Industry Policies - Recent policies have been introduced to enhance the domestic aerospace repair capabilities, improve repair quality, and promote the development of the industry, including the establishment of a free trade zone to support the aviation manufacturing and maintenance sectors [6][7]. Industry Chain - The upstream of the aerospace repair industry includes materials and components such as graphite fiber, titanium alloy, aluminum alloy, stainless steel, and electronic components, which are essential for the stable operation of aerospace vehicles in extreme environments [7][8]. - The midstream consists of the repair processes, while the downstream encompasses application fields including civil aviation, military aviation, and aviation logistics [7]. Market Statistics - As of the end of 2024, the CAAC has approved 429 domestic repair units, with 228 capable of airframe repairs, 28 for engine repairs, 13 for propeller repairs, 243 for component repairs, and 168 for other repair projects [1][11]. - The titanium alloy market in China is projected to grow from 28.7 billion yuan in 2020 to 43.2 billion yuan by 2024, with a compound annual growth rate of 10.76% [9][10]. Competitive Landscape - The industry features a dual-track development model with military repair systems and third-party repair enterprises coexisting, particularly in the civil aviation maintenance market where companies like Guangzhou Aircraft Maintenance Engineering Company and independent firms like Hangxin Technology and Hitec High-tech dominate [14][15]. Development Trends - The future of aerospace repair will see deeper integration of artificial intelligence and digital twin technologies for predictive maintenance, enhancing repair accuracy and efficiency [16]. - New repair processes for advanced materials, including low-temperature curing prepregs and laser additive repair, are expected to mature, addressing challenges in repairing composite materials and high-temperature alloys [17]. - A full lifecycle health management system is anticipated to evolve, utilizing IoT technologies for real-time monitoring and data-driven maintenance strategies, optimizing resource allocation and extending equipment lifespan [18].

Core Viewpoint - The company, as China's first private aviation maintenance enterprise, aims to strengthen its capabilities in aviation maintenance and gradually achieve industrial upgrades by expanding into various high-end equipment development and manufacturing areas [1] Group 1: Business Expansion - The company has expanded its operations from maintenance to include the development of products such as automatic control systems for aircraft engines, oxygen systems, rescue winches, subsystems for low-altitude flying vehicles, simulators, and key aviation components [1] Group 2: Strategic Focus - The company plans to seize opportunities presented by the development of domestically produced large aircraft and contribute to China's aerospace industry [1]

格隆汇11月27日丨海特高新(002023.SZ)在投资者互动平台表示，公司作为中国第一家民营航空维修企 业，将立足航空维修业务，夯实保障能力，加强高端装备研发、制造能力建设，逐步实现产业升级，目 前已从维修扩展至航空发动机自动控制系统、供氧系统、救援绞车、低空飞行器分系统、模拟机、航空 关键零部件等领域的产品研制，也将紧抓国产大飞机发展机遇，为中国航天事业贡献企业力量。 ...

Core Insights - The aviation equipment sector experienced a decline of 0.35% on November 14, with notable losses from Filihua, which dropped by 6.33% [1][2] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - ST Lihang (603261) saw a significant increase of 5.00%, closing at 27.31 with a trading volume of 10,700 lots [1] - Jiachitech (688708) and Maixinlin (688685) also reported gains of 2.62% and 2.43%, respectively, with closing prices of 64.34 and 63.70 [1] - Conversely, Filihua (300395) led the declines with a drop of 6.33%, closing at 74.98 and a trading volume of 218,300 lots [2] Capital Flow - The aviation equipment sector experienced a net outflow of 184 million yuan from major funds, while retail investors contributed a net inflow of 126 million yuan [2][3] - Major funds showed a net inflow in stocks like AVIC Shenyang Aircraft (600760) with 242.1 million yuan, while others like AVIC General (600038) had a net inflow of 39.9 million yuan [3]

Core Insights - The stock price of Hite High-Tech increased by 2.11% on November 6, reaching 13.06 CNY per share, with a total market capitalization of 9.676 billion CNY [1] - The company has seen a year-to-date stock price increase of 28.67%, with a 3.00% rise over the last five trading days [1] Financial Performance - For the period from January to September 2025, Hite High-Tech reported a revenue of 1.095 billion CNY, representing a year-on-year growth of 20.13% [2] - The net profit attributable to shareholders for the same period was 119 million CNY, showing a significant year-on-year increase of 92.26% [2] Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 10.26% to 86,500, while the average number of circulating shares per person increased by 11.43% to 8,563 shares [2] - The company has distributed a total of 364 million CNY in dividends since its A-share listing, with 37.04 million CNY distributed over the last three years [3] Institutional Holdings - Among the top ten circulating shareholders, Changxin National Defense Industry Quantitative Mixed Fund is the fourth largest with 12.7506 million shares, marking its entry as a new shareholder [3] - Hong Kong Central Clearing Limited is the sixth largest shareholder, increasing its holdings by 2.3682 million shares to 7.6099 million shares [3]

Core Insights - The aviation equipment sector experienced a slight increase of 0.16% on November 3, with Haitai Gaoxin leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Sector Performance - Haitai Gaoxin (002023) closed at 12.97, up 3.18% with a trading volume of 318,800 shares and a transaction value of 406 million yuan [1] - Fenghuo Electronics (000561) closed at 11.27, up 2.83% with a trading volume of 279,000 shares and a transaction value of 312 million yuan [1] - Hangyu Technology (688239) closed at 50.80, up 2.56% with a trading volume of 81,000 shares and a transaction value of 417 million yuan [1] - Other notable performers include Guangqi Technology (002625) up 2.26% and Tongyi Aerospace (920642) up 2.04% [1] Capital Flow - The aviation equipment sector saw a net outflow of 485 million yuan from institutional investors, while retail investors contributed a net inflow of 362 million yuan [2][3] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors increased their positions [2][3] Individual Stock Capital Flow - Hangyu Technology (688239) experienced a net outflow of 31.11 million yuan from institutional investors, while retail investors contributed a net inflow of 24.15 million yuan [3] - Haitai Gaoxin (002023) saw a net inflow of 15.17 million yuan from institutional investors, but a net outflow of 2.39 million yuan from retail investors [3] - Other stocks like Parker New Materials (605123) and Jiach Technology (688708) also showed varied capital flows, indicating differing investor sentiments across the sector [3]