Core Viewpoint - The company, Jieli Rigging (002342.SZ), has issued a clarification regarding false rumors circulating in the media, which inaccurately portray it as a leader in commercial aerospace and rocket recovery, and claim it has secured significant contracts in this field [1] Group 1: Clarification of False Claims - The company has never engaged with any media or individuals regarding the claims made about its involvement in commercial aerospace and has not made any statements on the matter [1] - The main products of the company are general lifting rigging products, which have universal applications, and it has not signed any contracts worth 4.58 billion for the Hainan project [1] Group 2: Financial Impact and Order Statistics - As of 2025, the total order amount in the commercial aerospace sector is 9.9651 million yuan, with the revenue expected to be less than 0.50% of the company's total revenue for that year [1] - From the beginning of 2026 until the date of disclosure, the company has received a total of 1.2865 million yuan in commercial aerospace orders, which has a minimal impact on its overall business performance [1]

Core Viewpoint - The company, JuLi Rigging (002342.SZ), has clarified that it has not signed any project worth 458 million in Hainan and has not made any statements regarding being a leader in commercial aerospace or rocket recovery, labeling such claims as false information [1] Group 1: Company Clarification - The company has not engaged with any media or individuals regarding claims of being a "new leader in commercial aerospace" or "rocket recovery leader" [1] - The company emphasizes that its main products are general lifting rigging products, which have universal applications [1] Group 2: Financial Information - The total order amount obtained by the company in the commercial aerospace sector for the year 2025 is 996.51 thousand, with a smaller portion expected to be recognized as revenue, accounting for less than 0.50% of the company's total revenue for 2025 [1] - From the beginning of 2026 until the date of disclosure, the cumulative amount of commercial aerospace orders obtained is 128.65 thousand, which has a minimal impact on the company's operational performance [1] Group 3: Market Sentiment - The company's stock price has significantly deviated from its fundamentals, indicating a risk of market sentiment being overheated and irrational speculation [1]

证券代码：002342 证券简称：巨力索具 公告编号：2026-012 巨力索具股份有限公司 关于市场传闻的澄清及风险提示的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： "文章将巨力索具指认为--A 股唯一被官方实锤，为该技术提供核心产品的上市公 司，是火箭回收网的直接缔造者。"、"中标了 4.58 亿的海南火箭海上回收系统 项目"、"航天领域在手订单累计超过 2 亿元，排产已安排到 2026 年第三季度" 等不实言论，引发关注。对此，公司澄清并郑重声明如下： 1、公司从未接受过任何媒体及个人就上述问题的访问，亦未就上述描述发表 过任何观点及言论,以上信息均为不实信息。 2、公司的主要产品均为通用吊装索具产品，产品的应用具有通用性；公司未 签署过 4.58 亿的海南项目，亦不存在在手订单累计超过 2 亿的情况。 经统计，公司 2025 年度在商业航天领域取得订单累计金额：996.51 万元，其 中 2025 年可确认的收入金额更小，占公司 2025 年收入比例低于 0.50%。2026 年 初至披露日取得商业航天订单累计金额：128.65 ...

格隆汇2月11日｜巨力索具公告，近日，公司关注到有关媒体在网络上流传关于巨力索具股份有限公司 的不实言论，称公司是"商业航天的新龙头"、"火箭回收龙头"、"文章将巨力索具指认为--A股唯一被官 方实锤，为该技术提供核心产品的上市公司，是火箭回收网的直接缔造者。"、"中标了4.58亿的海南火 箭海上回收系统项目"、"航天领域在手订单累计超过2亿元，排产已安排到2026年第三季度"等不实言 论，引发关注。对此，公司澄清并郑重声明：公司从未接受过任何媒体及个人就上述问题的访问，亦未 就上述描述发表过任何观点及言论,以上信息均为不实信息。 ...

Group 1 - Hailanxin (300065) is a core enterprise in the field of smart ocean and commercial aerospace measurement and control, with a contract amount of 458 million yuan for a project related to reusable rocket recovery [1][25] - Jieli Suoju (002342) is a leading company in the domestic rigging industry, providing intercept nets and ultra-high molecular weight polyethylene ropes for rocket recovery, with a single set of capture arms valued at 15-20 million yuan [2][26] - Chaojie Co., Ltd. (301005) specializes in precision structural components, supplying key components for rockets, with a single set valued at 25-30 million yuan and securing 30 orders for 2026-2028 [3][27] Group 2 - Taisheng Wind Power (300129) is a leader in wind power towers, providing structural components for rockets and planning to cover 60% of launch tasks by 2025 [4][28] - Zhongheng Design (603017) is a leading engineering design firm, providing design and construction services for rocket recovery bases, supporting industry landing [5][29] - Yitong Century (300310) focuses on communication technology services, providing communication support for rocket recovery processes [6][30] Group 3 - Aerospace Electronics (600879) is a leading company in aerospace electronics, providing landing leg actuators for reusable rockets, with a projected increase in value by 3-5 times after commercialization in 2026 [7][31] - Mengsheng Electronics (688331) specializes in satellite navigation systems, providing core navigation systems for reusable rockets, supporting centimeter-level positioning [8][32] - Sry New Materials (688102) is a leader in high-strength copper alloy materials, supplying core materials for rocket engines, ensuring stable operation for recovery [9][34] Group 4 - AVIC Optoelectronics (002179) is a leading company in aerospace connectors, ensuring reliable signal transmission for rocket recovery processes [10][35] - Guokai Military Industry (688543) provides solid engine power modules for rockets, which are critical components for recovery [11][36] - Parker New Materials (605123) specializes in aerospace forgings, supplying key components for rockets, ensuring structural stability for recovery [12][37] Group 5 - Hanyu Technology (688239) focuses on titanium alloy forgings for rockets, supporting stable engine operation for recovery [13][38] - Race Intelligent (002979) provides specialized motors for rocket engines, crucial for thrust adjustment during recovery [14][39] - Aerospace Universe (688523) specializes in composite materials, supporting lightweight structures for rockets [15][40] Group 6 - Guoguang Electric (688776) provides electrical equipment for rockets, supporting electrical control and signal transmission during recovery [16][41] - Aerospace Hongtu (688066) offers satellite remote sensing services, providing environmental monitoring for rocket recovery [17][42] - Chunzong Technology (603516) provides ground measurement and control equipment for rocket launches and recoveries [18][43] Group 7 - Aerospace Electromechanical (600151) supplies solar panels and power systems for rockets, supporting energy management during recovery [19][44] - Wuzhou Xinchun (603667) supplies bearings for recovery systems, with annual orders valued at 120-180 million yuan [20][45] - Aerospace Morning Light (600501) provides ground support systems for rocket recovery, ensuring efficient execution of recovery operations [21][46] Group 8 - Aerospace Technology (000901) specializes in measurement and control services for rockets, ensuring precise control during recovery [22][47] - Aerospace Power (600343) provides fluid components for rocket engines, ensuring reliable fluid control during recovery [23][48]

Group 1 - Aerospace Electronics (600879) is a core listed platform of the Aerospace Science and Technology Group, focusing on aerospace electronic information systems, inertial navigation, integrated circuits, and electromechanical components. It is a leading supplier for manned lunar landing projects, providing key equipment for the Long March 10 rocket and the Dream Chaser spacecraft, with a leading market share in aerospace electronic support [1][25]. - Aerospace Power (600343) specializes in aerospace liquid propulsion systems and is a key supplier for the Long March 10 rocket's propulsion system. The company is recognized for its high-temperature and high-reliability products, suitable for manned lunar landing conditions, and is expected to see strong growth in orders as the lunar landing program progresses [2][26]. - Aerospace Engineering (603698) relies on resources from the Aerospace Science and Technology Group and is involved in system integration and launch support for manned lunar landing projects. The company is recognized as a leader in aerospace engineering contracting and is expected to expand its system integration business as demand for launch support services increases [3][27]. Group 2 - Aerospace Electromechanical (600151) focuses on special materials and energy systems for spacecraft, serving as a core supplier for the Dream Chaser and lunar probe. The company is recognized for its lightweight and high-strength products, which are essential for manned lunar missions, and is expected to see rapid growth in its aerospace support business [4][28]. - Aerospace Electrical (002025) specializes in high-end relays, connectors, and micro motors, with a market share exceeding 70% in aerospace connectors. The company is viewed as a critical supplier for manned lunar projects, with strong reliability and high technical barriers, and is expected to see increased demand as the lunar landing program advances [5][30]. - Quanxin Co., Ltd. (300447) focuses on aerospace special cables and transmission components, providing high-temperature and interference-resistant cables for lunar landing projects. The company is recognized as a leader in the aerospace cable segment, with stable orders expected to grow as demand for aerospace information technology increases [6][31]. Group 3 - Zhenhua Technology (000733) is a leading military electronics company, providing essential electronic components and power systems for spacecraft. The company is expected to see significant growth in product demand as the lunar landing program progresses, supported by its strong technical capabilities and customer resources [7][32]. - Torch Electronics (603678) specializes in ceramic capacitors and aerospace components, recognized as a core supplier for ceramic capacitors in lunar landing projects. The company is expected to see growing demand for its aerospace-grade capacitors as the lunar landing program advances [8][33]. - Guojijiang Precision (002046) focuses on aerospace special bearings and precision manufacturing equipment, with a market share exceeding 90% in high-reliability aerospace bearings. The company is expected to see strong demand for its special bearings as the lunar landing spacecraft development accelerates [9][34]. Group 4 - China Satellite (600118) is a leading satellite manufacturer under the Aerospace Science and Technology Group, providing satellite development and application services for lunar landing projects. The company is expected to see rapid growth in its satellite manufacturing and application business as demand for space-based systems increases [10][35]. - China Satcom (601698) specializes in satellite communication services, providing critical communication links for lunar landing missions. The company is recognized as a leader in satellite communication operations, with expected growth in service revenue as lunar landing tasks progress [11][36]. - Haige Communication (002465) focuses on satellite navigation and wireless communication, serving as a core supplier for navigation and communication terminals in lunar landing projects. The company is expected to see strong growth in its core business as demand for lunar landing measurement and control systems increases [12][37]. Group 5 - Beidou Xingtong (002151) is a core enterprise in the Beidou navigation industry chain, providing high-precision navigation solutions for rockets and spacecraft. The company is expected to see rapid growth in its aerospace navigation business as demand for high-precision navigation increases with the lunar landing program [13][38]. - Guangwei Composite Materials (300699) is a leading carbon fiber manufacturer, providing lightweight materials for the Long March 10 rocket and Dream Chaser. The company is expected to see growing orders for its composite materials as demand for lightweight solutions in aerospace increases [14][39]. - Guangqi Technology (002625) specializes in metamaterials and aerospace structural components, providing lightweight and radiation-resistant parts for spacecraft. The company is expected to see increasing demand for its metamaterial solutions as the lunar landing program progresses [15][40]. Group 6 - Steel Research High-Nickel (300034) focuses on high-temperature alloys and aerospace special alloys, providing critical materials for rocket engines. The company is expected to see strong demand for its high-temperature alloys as the lunar landing rocket production accelerates [16][41]. - Western Materials (002149) specializes in titanium alloys and rare metal composite materials, providing lightweight components for lunar landing vehicles. The company is expected to see growing demand for its special materials as the lunar landing spacecraft development accelerates [17][42]. - Hailanxin (300065) focuses on marine electronic information and aerospace recovery measurement and control systems, providing critical support for lunar landing return missions. The company is expected to see rapid growth in its measurement and control business as lunar landing return tasks are implemented [18][43]. Group 7 - Jieli Rigging (002342) specializes in special rigging and lifting equipment, providing critical components for the safe recovery of lunar landing rockets. The company is expected to see increasing demand for its special rigging solutions as the technology for reusable rockets becomes more prevalent [19][44]. - China Shipbuilding (600150) is a leading shipbuilding company, focusing on the construction of marine recovery platforms for lunar landing missions. The company is expected to see continued growth in its recovery platform construction business as lunar landing tasks progress [20][45]. - Chaojie Co., Ltd. (301005) specializes in high-strength fasteners and precision structural components, providing critical fasteners for rockets and spacecraft. The company is expected to see growing demand for its fasteners as the lunar landing program moves into mass production [21][46]. - Yingliu Co., Ltd. (603308) focuses on high-temperature alloy castings and aerospace precision components, providing critical parts for rocket engines. The company is expected to see strong demand for its core components as the lunar landing rocket production accelerates [22][47].

Core Viewpoint - On February 11, a total of 38 stocks were involved with institutional investors, with 14 stocks showing net buying and 24 stocks showing net selling [1]. Group 1: Institutional Net Buying - The top three stocks with the highest net buying by institutions were: - Jiecheng Co., Ltd. with a net buying amount of 178 million yuan, representing a price increase of 4.73% [2] - Dongfang Guoxin with a net buying amount of 144 million yuan, with a price increase of 8.34% [2] - Greenmei with a net buying amount of 90.88 million yuan, showing a price increase of 9.95% [2] Group 2: Institutional Net Selling - The top three stocks with the highest net selling by institutions were: - Xiexin Integrated with a net outflow of 141 million yuan [3] - Juliy Suojv with a net outflow of 137 million yuan [3] - Huanrui Century with a net outflow of 93.14 million yuan [3]

Market Overview - The trading volume of the Shanghai and Shenzhen stock markets fell below 2 trillion yuan, decreasing by 121.3 billion yuan compared to the previous trading day [1] - Sectors such as glass fiber, small metals, phosphorus chemicals, and fertilizers saw gains, while cultural media, AI corpus, tourism concepts, and cultivated diamonds experienced declines [1] Stock Performance - Notable gainers included: - Zhi Chuan Co., Ltd. (+10.01%, 14.83 yuan, 19.44% turnover) due to TMP price increase and lithium battery developments [2] - ST Zhongdi (+4.96%, 9.52 yuan, 0.13% turnover) driven by semiconductor interest and real estate [2] - ST Xuefa (+4.99%, 5.05 yuan, 0.12% turnover) linked to recovery in cultural tourism [2] - Jinfu Technology (+10.00%, 23.54 yuan, 32.82% turnover) due to acquisitions and performance expectations [2] - Jihua Group (+9.96%, 8.72 yuan, 22.98% turnover) related to control changes and dye price increases [2] Trading Dynamics - The top three net purchases on the daily leaderboard were International Composite Materials (425 million yuan), Green Beauty (411 million yuan), and Ju Jie Microfiber (157 million yuan) [5] - The top three net sales were Chinese Online (501 million yuan), China Film (286 million yuan), and Yue Media (229 million yuan) [6] Sector Insights - International Composite Materials is benefiting from rising glass fiber prices and increased demand for AI chips, with a projected price increase of 25% or more [8] - Green Beauty anticipates significant growth in nickel resource shipments and overall net profit increase of 40-70% [12] - China Film is facing a pullback after a strong performance, with a 16.71% increase over the past five trading days [15] Institutional Activity - Institutions showed significant net buying in stocks like Jie Cheng Co. (+4.73%, 8.85 yuan) and Green Beauty (+9.95%, 9.50 yuan) [7] - Conversely, institutions net sold stocks such as Xie Xin Integration and Giant Power Tools, indicating a shift in investment sentiment [8]

Core Viewpoint - The article discusses the dramatic rise in the stock price of JiuLi Rigging, which has increased over six times in a year, driven by the narrative of commercial aerospace, but highlights the underlying financial challenges and high valuation risks associated with the company [5][6][21]. Group 1: Company Background - JiuLi Rigging started as a small family workshop in the 1980s, founded by the Yang brothers, and has grown into a leading enterprise in the rigging industry, serving over 100 countries [10][13]. - The company gained prominence in the aerospace sector after successfully providing lifting equipment for China's Shenzhou spacecraft in 1999, establishing a long-term relationship with the aerospace industry [17][18]. Group 2: Stock Performance - The stock price of JiuLi Rigging surged from 3.14 yuan in February 2025 to a peak of 20.79 yuan in February 2026, marking an increase of approximately 6.6 times within a year [5][19]. - The dynamic price-to-earnings ratio has exceeded 1300 times, raising concerns about the sustainability of such high valuations [21]. Group 3: Financial Performance - The company expects to achieve a profit of 16 million to 21 million yuan in 2025, a significant turnaround from a loss of 46.81 million yuan in 2024, representing a year-on-year increase of 134% to 145% [24][25]. - Despite the optimistic profit forecast, the revenue growth has shown signs of fatigue, with revenue growth rates of -11.89%, 7.14%, and -4.88% from 2022 to 2024, indicating a lack of consistent upward momentum [26][27]. Group 4: Profitability Challenges - JiuLi Rigging's net profit margins have been significantly lower than industry peers, with net profit margins of 0.42%, -0.45%, -2.11%, and 0.63% from 2022 to 2025, compared to a median of 9.24% to 7.04% for comparable companies [30][31]. - The company has high sales expenses, with ratios of 7.58%, 8.76%, 10.7%, and 6.87% of total revenue, far exceeding the median of 2.35% to 1.94% for peers, indicating inefficiencies in sales operations [35][37]. Group 5: Cash Flow and Liquidity Issues - JiuLi Rigging faces long cash collection cycles, with accounts receivable turnover days averaging around 200 days, compared to a median of approximately 90 days for comparable companies [38][39]. - The company also struggles with inventory turnover, averaging 142.32 days, which is significantly longer than the industry median, leading to increased pressure on working capital [41]. Group 6: Regulatory Concerns - The company has been flagged by regulatory authorities for issues such as inaccurate impairment provisions for accounts receivable and governance irregularities, raising further concerns about its operational integrity [45]. Group 7: Conclusion - While JiuLi Rigging's narrative around commercial aerospace has captivated investors, the underlying financial metrics and regulatory challenges suggest a complex and potentially risky investment landscape [47].

Group 1 - The stock of Jushi Holdings experienced a decline of 3.64% today [1] - The trading volume reached 7.635 billion yuan, with a turnover rate of 40.08% [1] - The data from the post-market trading board indicates that the Shenzhen Stock Connect dedicated seat bought 160 million yuan and sold 113 million yuan [1] Group 2 - One institutional dedicated seat had a net purchase of 721,860 yuan, while two other institutional dedicated seats had a net sale of 137 million yuan [1]