关于召开2024年度报告业绩说明会的公告 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。 航天彩虹无人机股份有限公司（以下简称"公司"）定于 2025 年 4 月 21 日（星期一）下午 15:00-17:00 在同花顺路演平台召开 2024 年度报告 业绩说明会（以下简称"业绩说明会"），本次业绩说明会将采用网络远程 的方式举行，投资者可登录同花顺路演平台，进入直播间 https://board. 10jqka.com.cn/rs/pc/detail?roadshowId=1010473 进行提问或使用同 花顺手机炒股软件扫描下方二维码进入路演直播间进行提问互动交流。 证券代码：002389 证券简称：航天彩虹 公告编号：2025-018 航天彩虹无人机股份有限公司 出席本次业绩说明会的人员有：总经理文曦先生，独立董事徐学宗先 生，副总经理、董事会秘书杜志喜先生，财务总监孙守云先生。 特此公告 航天彩虹无人机股份有限公司董事会 二○二五年四月十四日 为充分尊重投资者、提升交流的针对性，现就本次业绩说明会提前向 投资者公开征集问题，广泛听取投资者的意见和建议。 ...

Financial Performance - In 2024, the company achieved a total revenue of 2.567 billion RMB, a decrease of 10.45% year-on-year [3] - The net profit attributable to shareholders was 88 million RMB, down 42.54% compared to the previous year [3] - The total profit for the year was 128 million RMB, reflecting a decline of approximately 34% year-on-year [3] - The company maintained stable operating expenses, with sales, R&D, and management costs at 37.78 million RMB, 131 million RMB, and 256 million RMB respectively [3] Business Development - The company successfully expanded its international market, achieving a record high of 1.365 billion RMB in overseas drone revenue [3] - Two new user countries were added, and the company received export approval for CH-9 and CH-3D drones, laying a solid foundation for future exports [3] - The company completed 40 flight projects, flying over 3,300 aircraft with a total flight time of 13,500 hours [3] Strategic Initiatives - The company is focusing on high-quality development and has made significant progress in governance and brand building, receiving an "A" rating for information disclosure from the Shenzhen Stock Exchange [4] - A total of 89 patents were applied for, with R&D investment reaching 516 million RMB, exceeding 20% of revenue [3] - The company is exploring new business models in after-sales service and has established a spare parts library in user countries [3] Market Outlook - The export revenue of drones is approximately 1.3 billion RMB, while domestic revenue is around 400 million RMB, with an export gross margin of about 36% and a comprehensive gross margin of 28% [4] - The market outlook for the next 3-5 years is optimistic, particularly for low-cost drones and high-altitude, high-speed drones [4] - The company anticipates a balanced revenue structure between domestic and international markets, with foreign military trade expected to contribute more significantly to profits [7] Challenges and Responses - The company faces challenges such as increased operating costs and changes in product structure, which have led to a decline in gross margins [5] - To maintain competitiveness, the company is enhancing customer engagement and rapidly responding to user needs [5] - The company is also addressing the competitive landscape in the drone market by improving product design and optimizing costs [7]

Financial Performance - In 2024, the company achieved a total revenue of 2.567 billion RMB, a decrease of 10.45% year-on-year [3] - The net profit attributable to shareholders was 88 million RMB, down 42.54% compared to the previous year [3] - The total profit for the year was 128 million RMB, reflecting a decline of approximately 34% year-on-year [3] - The company’s foreign drone business revenue reached 1.365 billion RMB, marking a historical high [3] Cost and Expenses - Sales expenses amounted to 37.78 million RMB, while R&D and management expenses were 131 million RMB and 256 million RMB, respectively, maintaining overall stability [3] - Financial expenses were recorded at -27.5 million RMB, primarily due to exchange rate fluctuations [3] Business Development - The company successfully expanded its military trade market, securing multiple contracts and delivering products for operational use [3] - Two new user countries were added, and the company achieved breakthroughs in the Central Asian market [3] - The company completed 40 flight projects, totaling over 3,300 flights and 13,500 flight hours [3] R&D and Innovation - The company invested a total of 516 million RMB in R&D, achieving a research intensity exceeding 20% [3] - A total of 89 patents were applied for during the year [3] - The company is exploring new materials and has initiated the trial production of carbon fiber prepreg materials [3] Market Outlook - The company anticipates a balanced revenue structure between domestic and international markets, with foreign military trade expected to contribute more significantly to profits [7] - The demand for low-cost drones is expected to grow, particularly in certain regions [4] - The company is actively developing AI applications for drone technology, focusing on both single-unit and swarm intelligence [4] Investor Relations - The company has established a multi-dimensional communication channel with investors, including cloud meetings and on-site visits [4] - The company received an "A" rating for information disclosure from the Shenzhen Stock Exchange for two consecutive years [3]

Investment Rating - The investment rating for the company is "Buy" [6] Core Insights - The company reported a revenue of 2.567 billion yuan in 2024, a decrease of 10.45% year-on-year, and a net profit of 88 million yuan, down 42.54% year-on-year [2][10] - In Q4 2024, the company achieved a revenue of 1.277 billion yuan, an increase of 11% year-on-year and a significant increase of 371% quarter-on-quarter, with a net profit of 82 million yuan, up 607% year-on-year and 237% quarter-on-quarter [2] - The company has made significant breakthroughs in domestic drone projects and continues to see positive trends in military trade business, with two new user countries added in the drone military trade market [4] Financial Summary - The company expects net profits for 2025-2027 to be 270 million, 347 million, and 433 million yuan, representing year-on-year growth of 207%, 28%, and 25% respectively, with P/E ratios of 72, 56, and 45 [5][6] - The forecasted revenue for 2025 is 4.624 billion yuan, reflecting an 80% increase from 2024 [6] - The company’s overseas business revenue reached 1.365 billion yuan in 2024, a year-on-year increase of 15%, with a gross margin of 36.04% [3]

Investment Rating - The report maintains a "Buy" rating for the company, with an expected growth in net profit for 2025-2027 [6]. Core Insights - The company reported a revenue of 2.567 billion yuan in 2024, a decrease of 10.45% year-on-year, and a net profit of 88 million yuan, down 42.54% year-on-year [4][5]. - The international market for the company's drone military trade is expanding, with foreign revenue increasing by 15.33% to 1.365 billion yuan in 2024 [5]. - Domestic demand for drones is gradually recovering, with an increase in bidding projects indicating a potential turning point for the market [6]. Summary by Sections Company Overview - Latest closing price: 20.28 yuan - Total shares: 994 million, circulating shares: 991 million - Total market value: 20.2 billion yuan, circulating market value: 20.1 billion yuan - 52-week high/low: 24.19/12.34 yuan - Debt-to-asset ratio: 24.9% - Price-to-earnings ratio: 225.33 [3]. Financial Performance - In 2024, the company achieved a revenue of 2.567 billion yuan, with a gross margin of 21.34%, down 3.29 percentage points year-on-year [5]. - The revenue from drones and related products was 1.514 billion yuan, a decline of 9.54% year-on-year, with a gross margin of 27.17%, down 4.94 percentage points [5]. - The company expects net profits of 357 million yuan, 477 million yuan, and 599 million yuan for 2025, 2026, and 2027, respectively, indicating significant growth rates [6][9]. Market Outlook - The report highlights a steady growth in the international drone military trade, with successful delivery and operational readiness of products [5]. - The domestic market is showing signs of recovery, with an increase in bidding for drone and missile projects, suggesting a positive trend in procurement demand [6].

Investment Rating - The report maintains a "Buy" rating for the company, with an expected growth in net profit for 2025-2027 [6]. Core Insights - The company reported a revenue of 2.567 billion yuan in 2024, a decrease of 10.45% year-on-year, and a net profit of 88 million yuan, down 42.54% year-on-year [4][5]. - The international market is showing continuous breakthroughs, with foreign business revenue increasing by 15.33% to 1.365 billion yuan in 2024, driven by rising demand for drone exports and military trade products [5][6]. - Domestic demand for drones is gradually recovering, with an increase in the number of bidding projects for domestic drones and airborne weapons, indicating a potential turning point for the company [6]. Financial Performance - The company’s gross margin for 2024 was 21.34%, a decline of 3.29 percentage points year-on-year, with drone-related product revenue at 1.514 billion yuan, down 9.54% [5]. - The projected net profits for 2025, 2026, and 2027 are 357 million, 477 million, and 599 million yuan respectively, reflecting significant growth rates of 304.97%, 33.55%, and 25.68% [6][9]. - The price-to-earnings (P/E) ratios for the years 2025, 2026, and 2027 are projected to be 56, 42, and 34 respectively [6][9].

Core Viewpoint - In 2024, Aerospace Rainbow reported a revenue of 2.567 billion yuan, a year-on-year decrease of 10.45%, and a net profit attributable to shareholders of 88 million yuan, down 42.54% [2] Group 1: Financial Performance - The company's aerospace product manufacturing revenue slightly decreased by 3.79% year-on-year [3] - Revenue from drone and related products was 1.514 billion yuan, down 9.54% year-on-year, while drone technical services saw a significant increase of 96.74%, reaching 188 million yuan [3][4] - The new materials segment faced challenges, with plastic film manufacturing revenue declining by 21.23% and the backing film and insulation materials business dropping by 40.92% to 383 million yuan [4] Group 2: Industry Trends - The domestic demand for drone equipment is expected to accelerate, entering a new procurement cycle for military drones [4] - The low-altitude economy is anticipated to start in 2024, although the current report does not reflect significant benefits from this trend [2][4] - The company is focusing on expanding its civil drone applications in various sectors, including emergency management and geological exploration, leveraging the growth potential in the low-altitude economy [5][6] Group 3: Strategic Initiatives - Aerospace Rainbow aims to enhance the application integration capabilities of its drone systems, collaborating with relevant departments to promote systematic application in various scenarios [7] - The company is actively participating in the formulation of industry standards and management for drones, positioning itself to secure valuable airspace and resources [6]

证券代码：002389 证券简称：航天彩虹 公告编号：2025-015 航天彩虹无人机股份有限公司 关于会计政策变更的公告 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。 航天彩虹无人机股份有限公司（以下简称"公司"）于 2025 年 3 月 27 日召开了第六届董事会第二十五次会议和第六届监事会第二十三次会 议，审议通过了《关于会计政策变更的议案》。根据《深圳证券交易所股 票上市规则》《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》及《公司章程》等有关规定，本次会计政策变更无需提 交公司股东会审议。现将具体情况公告如下： 一、会计政策变更概述 （一）会计政策变更的原因 财政部于 2023 年 10 月发布了《企业会计准则解释第 17 号》（财会 〔2023〕1 号），对"流动负债与非流动负债的划分"等内容进一步规范 及明确，该解释自 2024 年 1 月 1 日起施行。 财政部于 2024 年 12 月发布了《企业会计准则解释第 18 号》（财会 〔2024〕24 号），明确对不属于单项履约义务的保证类质量保证的会计处 理规定，该解 ...