证券代码：002025 证券简称：航天电器 公告编号：2026-02 贵州航天电器股份有限公司 第八届董事会 2026 年第一次临时会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 贵州航天电器股份有限公司（以下简称"公司"）第八届董事会 2026 年第一 次临时会议通知于 2026 年 1 月 10 日以书面、电子邮件方式发出，2026 年 1 月 15 日上午 9:00 在公司三楼会议室以通讯表决方式召开。会议由公司董事长李凌 志先生主持，公司应出席董事 9 人，亲自出席董事 9 人。本次会议召集、召开程 序符合《公司法》、《公司章程》的规定。公司高级管理人员、董事会秘书列席会 议。经与会董事审议，会议形成如下决议： 一、以 3 票同意、0 票反对、0 票弃权的表决结果审议通过《关于 2026 年 度日常关联交易预计的议案》 本议案涉及关联交易，公司董事李凌志、邹作涛、张晨、于思京、饶伟、张 爱军为关联董事，回避表决。 基于航天产品产业链协同、质量管控等原因，公司（含子公司）与中国航天 科工集团有限公司下属企事业单位在销售产品、采购材料及动力、 ...

Core Viewpoint - The stock of Aerospace Electric experienced a decline of 3.47% on January 15, with a trading volume of 277 million yuan and a market capitalization of 26.1 billion yuan, indicating fluctuations in investor sentiment and market activity [1]. Group 1: Company Overview - Aerospace Electric, established on December 30, 2001, and listed on July 26, 2004, is located in Guiyang, Guizhou Province. The company specializes in the research, production, and sales of high-end relays, connectors, micro motors, optoelectronic devices, and cable assemblies [2]. - The revenue composition of Aerospace Electric includes 70.35% from connectors and integrated interconnection products, 22.49% from motors and control components, 3.39% from relays, 1.98% from optical communication devices, and 1.79% from other sources [2]. - The company operates within the defense and military industry, specifically in military electronics, and is associated with concepts such as commercial aerospace, Beidou navigation, state-owned enterprise reform, satellite navigation, and large aircraft [2]. Group 2: Financial Performance - For the period from January to September 2025, Aerospace Electric reported a revenue of 4.349 billion yuan, reflecting a year-on-year growth of 8.87%. However, the net profit attributable to shareholders decreased by 64.53% to 146 million yuan [2]. - Since its A-share listing, Aerospace Electric has distributed a total of 1.367 billion yuan in dividends, with 446 million yuan distributed over the past three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Aerospace Electric increased by 4.69% to 23,600, with an average of 19,205 circulating shares per person, a decrease of 4.48% [2]. - Among the top ten circulating shareholders, E Fund Defense Industry Mixed A holds the second-largest position with 17.0872 million shares, an increase of 785,100 shares compared to the previous period. Other notable shareholders include Huaxia Military Industry Safety Mixed A and Fortune CSI Military Leader ETF, which also saw increases in their holdings [3].

Core Viewpoint - The commercial aerospace sector experienced a significant downturn on January 13, following a period of rapid growth, with many stocks in the sector dropping over 10% after multiple companies issued risk warnings [1][2]. Group 1: Market Reaction - As of January 13, at 9:57 AM, stocks in the commercial aerospace sector saw widespread declines, with key companies like Aerospace Zhizhuang (航天智装) and Platinum Special (铂力特) falling over 10% [1]. - Major stocks such as Aerospace Electronics (航天电子) and China Satellite Communications (中国卫通) hit their daily limit down, indicating a sharp market correction [1]. - The WenDe Commercial Aerospace Theme Index recorded a drop of 8.14%, closing at 3628.42, reflecting the overall market sentiment [4]. Group 2: Risk Warnings - On January 12, multiple companies, including Aerospace Hanyu (航天环宇) and Leike Defense (雷科防务), issued risk warnings, suggesting potential stock suspensions if prices continued to rise abnormally [1][2]. - Companies like Ligong Navigation (理工导航) and North Navigation (北方导航) acknowledged the significant risks associated with their stock price surges, indicating that their commercial aerospace contributions were minimal [2]. - Experts have raised concerns about the speculative nature of the sector, emphasizing the need for companies to disclose critical information regarding their commercial aerospace business to mitigate information asymmetry risks [2][3]. Group 3: Sector Performance - Since 2026, the commercial aerospace sector has seen substantial growth, with the WenDe Commercial Aerospace Theme Index reporting a cumulative increase of 33.38% as of January 12 [2]. - Key stocks in the sector, including China Satellite Communications and Aerospace Hanyu, have experienced over 130% growth in the past month, highlighting the volatility and speculative interest in the sector [2]. - Analysts have pointed out that the current market enthusiasm is primarily driven by policy support, with many companies having small market capitalizations that make them susceptible to speculative trading [2][3].

1月13日，东方电热开盘大涨2%后，持续下跌，截至发稿跌超1%报5.47元/股，总市值80.8亿元。 值得注意的是，当前A市场商业航天概念火热，自开年以来，该板块一路攀升，截至1月12日，商业航天主题指数今年累计涨幅已高达33.38%。不过昨日 晚间，多只被市场视为商业航天概念股的上市公司发布紧急提示。 航天工程（603698）(603698.SH)公告称，公司专业从事煤气化技术及关键设备的研发、工程设计、技术服务、设备成套供应及工程总承包，公司产品及 技术主要应用于煤炭洁净高效利用领域，客户主要集中在化工企业，不涉及商业航天及航天相关业务。 1月13日早盘，商业航天概念股跳水，航天环宇跌超12%，航天宏图、航天智装（300455）跌逾10%，北斗星通（002151）、中国卫通（601698）、航天 电器（002025）跌停。 | 名称 | 现价 | 消時 | 涨跌幅 ^ | | --- | --- | --- | --- | | 航天智装 | 34.58 | -5.52 | -13.77% | | 航天环宇 | 78.28 | -12.48 | -13.75% | | 广联航空 | 38.81 | -5.5 ...

Market Overview - On January 13, the commercial aerospace concept stocks experienced a significant decline, with the sector index dropping over 6% [1] - The commercial aerospace index closed at 23,568.27, down 1,530.82 points or 6.10% from the previous close [2] Stock Performance - Several stocks within the commercial aerospace sector hit their daily limit down, including Aerospace Development, Aerospace Science and Technology, China Satellite Communications, Beidou Star, Aerospace Changfeng, and Aerospace Power [1] - Notable declines in individual stocks include: - Aerospace Universe: -16.58% [3] - Aerospace Intelligent Equipment: -13.77% [3] - Sree New Materials: -13.38% [3] - Aerospace Hongtu: -13.05% [3] - Guolian Aviation: -12.52% [3] - Other significant declines include Aerospace Electronics, China Satellite Communications, and Aerospace Longfeng, all down by 10% [4] Risk Announcements - Following the market downturn, multiple commercial aerospace companies issued risk warning announcements, clarifying that their main business does not involve commercial aerospace activities. Companies such as Aerospace Power, Aerospace Engineering, Xinghuan Technology, and Aerospace Changfeng were among those that made these disclosures [5]

每经AI快讯，1月13日，商业航天概念股表现弱势，航天环宇触及跌停，航天宏图、航天智装 （300455）跌逾10%，北斗星通（002151）、中国卫通（601698）、航天电器（002025）跌停。 ...

1月9日，成都利君实业股份有限公司在投资者互动平台上表示，公司全资子公司德坤航空主营航空航天零部件制造业务， 目前该公司生产经营一切正常。同日，贵州航天电器股份有限公司（以下简称"航天电器"）回复投资者称，商业航天是公司重 点拓展的新业务，目前相关产品订货占公司总收入比例较小。 值得关注的是，近期也有多家上市公司发布公告提示交易风险。 1月9日，航天时代电子技术股份有限公司发布股票交易异常波动公告，提示公司基本面未发生重大变化，存在市场情绪过 热及非理性炒作的情形，公司股票存在短期大幅下跌的风险，交易风险极大；提示投资者注意交易风险，理性决策，审慎投 资。1月8日晚间，航天电器发布公告，明确近期公司生产经营情况正常，内外部经营环境未发生重大变化，提示投资者理性投 资，注意投资风险。 "政策红利持续释放，向资本市场和产业界传递出明确信号，极大提振了社会资本的投资信心，持续引导'耐心资本'从观望 转向实质性投入。"中关村物联网产业联盟副秘书长袁帅向《证券日报》记者表示。 受政策利好影响，我国商业航天市场规模不断扩容，产业发展驶入快车道。中商产业研究院发布的《2025—2030年中国商 业航天行业深度分析及发展前景 ...

Group 1 - The company, Aerospace Electric (002025), stated that it is currently not involved in the business of satellite anti-jamming and collision avoidance products [1]

Core Viewpoint - Aerospace Electric's products, including connectors and micro-special motors, are widely used across various sectors such as aerospace, aviation, electronics, weapons, shipping, communications, new energy vehicles, rail transit, energy equipment, industrial control, and consumer terminals [1]. Group 1 - The company specializes in connectors and micro-special motors [1]. - The applications of the company's products span multiple industries [1].

Group 1 - The core viewpoint of the article is that Aerospace Electric (002025) is actively engaged in defense and communication sectors while also providing products for commercial aerospace and new energy vehicles [1] Group 2 - The company identifies defense and communication as its main markets [1] - The company also offers product support services for commercial aerospace and new energy vehicle sectors [1]