Core Points - The company, Aerospace Rainbow, announced the cancellation of 6,013,081 shares, which represents 0.61% of the total share capital before cancellation [2] - The number of shares canceled matches the number of shares actually repurchased by the company [2] - Following the completion of the share cancellation, the total share capital of the company will decrease from 990,929,102 shares to 984,916,021 shares [2]

Core Viewpoint - The recent stock price fluctuations of Aerospace Rainbow (002389) are primarily influenced by market volatility, and the company emphasizes its commitment to investor relations and market value management [1] Group 1: Company Actions - The company has established a market value management system to enhance shareholder returns and manage its market capitalization [1] - It plans to explore various strategies for market value management, including performance guidance, profit distribution, share buybacks, and capital operations [1] - The company is dedicated to strengthening investor relations as part of its market value management initiatives [1] Group 2: Future Outlook - The company expresses strong confidence in the development prospects of Rainbow drones [1]

Core Viewpoint - The company has completed the repurchase and cancellation of shares, which is expected to enhance earnings per share and boost investor confidence [1] Group 1: Share Repurchase Details - On July 28, 2022, the company repurchased a total of 6,013,081 shares, accounting for 0.6031% of the total share capital, with a total expenditure of 106 million yuan [1] - The company decided to change the purpose of the repurchased shares to cancellation in order to reduce registered capital [1] - The cancellation of the 6,013,081 shares was completed on September 18, resulting in a reduction of total share capital from 990,929,102 shares to 984,916,021 shares, which represents a decrease of 0.61% [1] Group 2: Impact of Share Cancellation - The share cancellation complies with regulations and does not affect the company's financial status, control, or listing status [1] - The action is anticipated to enhance earnings per share, thereby increasing investor confidence [1] - The company will proceed with the registration of changes with the industrial and commercial authorities and disclose relevant information [1]

关于回购股份注销完成暨股份变动的公告 本公司及董事会全体成员保证信息披露内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 证券代码：002389 证券简称：航天彩虹 公告编号：2025-045 航天彩虹无人机股份有限公司 1 一、回购股份审批程序及实施情况 公司于 2022 年 4 月 28 日召开第六届董事会第二次会议、第六届监事 会第二次会议审议通过了《关于回购部分 A 股股份的议案》，同意公司 使用自有资金以集中竞价交易方式回购部分 A 股股份，回购股份总数的 30%将用于员工持股计划或者股权激励，其余全部用途为"为维护公司价 值及股东权益所必需"即用于出售，回购价格不超过 20.55 元/股，回购金 额不低于 1 亿元（含）且不超过 2 亿元（含），本次回购股份的期限为董 事会审议通过后 3 个月内。 公司于 2022 年 5 月 25 日通过回购股份专用证券账户以集中竞价交易 方式实施了首次回购。公司在回购期间的每个月前 3 个交易日内均公告了 截止上月末的回购进展情况。公司于 2022 年 7 月 5 日披露了《关于实施 2021 年年度权益分派后调整回购股份价格上限的公告》（公告编号 ...

Group 1 - The core viewpoint of the news is that Aerospace Rainbow has experienced a decline in stock performance and financial metrics, with significant changes in financing and shareholder structure [1][2][3] Group 2 - As of September 17, Aerospace Rainbow's stock price fell by 0.19%, with a trading volume of 344 million yuan [1] - The financing data shows that on the same day, the company had a financing buy-in amount of 38.50 million yuan and a net financing buy of 4.10 million yuan, with a total financing and margin balance of 1.02 billion yuan [1] - The financing balance represents 4.82% of the circulating market value, which is below the 30th percentile level over the past year, indicating a low position [1] - In terms of securities lending, the company repaid 6,100 shares and sold 100 shares, with a remaining securities lending balance of 10,630 shares valued at 2.27 million yuan, also below the 20th percentile level over the past year [1] Group 3 - As of September 10, the number of shareholders for Aerospace Rainbow decreased by 5.11% to 128,100, while the average circulating shares per person increased by 5.38% to 7,735 shares [2] - For the first half of 2025, the company reported an operating income of 811 million yuan, a year-on-year decrease of 20.43%, and a net profit attributable to the parent company of -489,600 yuan, a year-on-year decrease of 100.74% [2] Group 4 - Since its A-share listing, Aerospace Rainbow has distributed a total of 464 million yuan in dividends, with 178 million yuan distributed in the last three years [3] - As of June 30, 2025, the top ten circulating shareholders included the Guotai CSI Military Industry ETF, which increased its holdings by 1.28 million shares to 8.07 million shares, while the Southern CSI 1000 ETF entered the top ten as a new shareholder with 6.42 million shares [3]

Core Insights - The company, Aerospace Rainbow (002389), is currently engaged in systematically reviewing its low-quality and inefficient businesses and assets, and is actively working on their disposal [1] Group 1 - The company is addressing low-quality and inefficient operations [1] - The company is taking proactive measures to dispose of identified assets [1]

Core Viewpoint - The company, Aerospace Rainbow, reported that as of September 10, 2025, the number of shareholders is 128,089 [1] Summary by Category - **Company Information** - Aerospace Rainbow has a total of 128,089 shareholders as of the specified date [1]

Summary of Key Points Core Viewpoint - Aerospace Rainbow has experienced a decline in shareholder numbers and stock price, indicating potential challenges in its financial performance and market perception [2]. Shareholder Information - As of September 10, the number of shareholders for Aerospace Rainbow was 128,089, a decrease of 6,896 from the previous period (August 31), representing a 5.11% decline. This marks the second consecutive period of decline in shareholder numbers [2]. Stock Performance - The closing price of Aerospace Rainbow was 21.40 yuan, down 0.37%. Since the concentration of shares began, the stock has cumulatively decreased by 18.07%. Over the trading days, the stock recorded 4 increases and 8 decreases, including one instance of hitting the daily limit down [2]. Financial Results - The company reported a total revenue of 811 million yuan for the first half of the year, reflecting a year-on-year decrease of 20.43%. The net profit was -489,600 yuan, a significant decline of 100.74% year-on-year, with basic earnings per share reported as 0.0000 yuan [2]. Analyst Ratings - In the past month, Aerospace Rainbow received buy ratings from three institutions. The highest target price was set by Huatai Securities at 33.78 yuan, as reported on August 22 [2].

Investment Rating - The industry investment rating is "Recommended (Maintain)" [1] Core Insights - The military trade market is significantly influenced by geopolitical factors, with advanced weaponry impacting national military capabilities and political dynamics. The U.S. and its allies dominate global military trade exports, accounting for 64.10% and 78.06% of total exports in the periods 2015-2019 and 2020-2024, respectively [2][34] - The global military trade market is characterized by high concentration, with the top ten exporting countries accounting for 89.70% of total exports from 2015-2019 and 88.60% from 2020-2024. The U.S. and France are the top two exporters in the latter period, with a combined share of 52.60% [2][34] - China's military trade share is expected to increase in the long term, aligning with its manufacturing capabilities and international influence, despite currently holding only 3.9% of the global military trade market in 2024 [2][34] Summary by Sections Military Trade Overview - Military trade, or arms trade, is a unique sector closely tied to geopolitical and military strategies, reflecting national interests and political continuity [12] - The United Nations defines military trade as the transfer of military equipment between countries, which plays a crucial role in regulating international political relations [12] Global Military Trade Landscape - According to SIPRI, global military trade has experienced stable growth, with total trade increasing from 80.82 billion TIV in 1950 to 289.38 billion TIV in 2024, reflecting a compound annual growth rate of 1.72% [30] - The military trade market has undergone three significant fluctuations since 1950, with the most recent period (2002-present) showing a recovery in trade volumes due to increased global tensions and military spending [30] Major Military Exporting Countries - The top five military exporting countries from 2015-2019 were the U.S., Russia, France, China, and Germany, with the U.S. maintaining a dominant position [34] - The military trade export figures for the U.S. rose from 503.68 billion TIV in 2015-2019 to 609.49 billion TIV in 2020-2024, marking a 21.01% increase [35] China's Military Trade Situation - China's military trade has seen fluctuations, with exports decreasing from 88.62 billion TIV in 2015-2019 to 83.85 billion TIV in 2020-2024, a decline of 5.38% [35] - The report highlights that China's military trade is expected to grow due to increasing geopolitical conflicts and the country's enhanced military capabilities [2][34]

Group 1 - The company announced the convening of its seventh board meeting on September 9, 2025, to discuss the appointment of a securities affairs representative [2] - Zhao Qi has been appointed as the securities affairs representative, following the nomination by the company's general manager and approval by the board's nomination committee [2] - The term of the newly appointed securities affairs representative will last until the end of the seventh board's term [2]