10月20日，航天彩虹盘中下跌2.05%，截至13:34，报21.50元/股，成交2.45亿元，换手率1.14%，总市值 211.76亿元。 资金流向方面，主力资金净流出1836.98万元，特大单买入1213.51万元，占比4.96%，卖出1841.99万 元，占比7.53%；大单买入4221.29万元，占比17.25%，卖出5429.81万元，占比22.19%。 机构持仓方面，截止2025年6月30日，航天彩虹十大流通股东中，国泰中证军工ETF（512660）位居第 七大流通股东，持股807.21万股，相比上期增加127.68万股。南方中证1000ETF（512100）位居第八大 流通股东，持股641.94万股，为新进股东。香港中央结算有限公司退出十大流通股东之列。 责任编辑：小浪快报 航天彩虹所属申万行业为：国防军工-航空装备Ⅱ-航空装备Ⅲ。所属概念板块包括：通用航空、军民融 合、无人机、航天军工、低空经济等。 截至9月30日，航天彩虹股东户数12.48万，较上期减少2.45%；人均流通股7893股，较上期增加2.52%。 2025年1月-6月，航天彩虹实现营业收入8.11亿元，同比减少20.43%；归母 ...

10月17日，航天彩虹盘中下跌2.01%，截至14:21，报21.89元/股，成交2.82亿元，换手率1.29%，总市值 215.60亿元。 资金流向方面，主力资金净流出1375.64万元，特大单买入254.85万元，占比0.90%，卖出666.03万元， 占比2.36%；大单买入5170.49万元，占比18.35%，卖出6134.94万元，占比21.77%。 航天彩虹今年以来股价涨21.68%，近5个交易日跌2.80%，近20日涨1.25%，近60日跌12.40%。 今年以来航天彩虹已经1次登上龙虎榜，最近一次登上龙虎榜为9月3日，当日龙虎榜净买入-4094.72万 元；买入总计1.08亿元 ，占总成交额比7.20%；卖出总计1.49亿元 ，占总成交额比9.93%。 资料显示，航天彩虹无人机股份有限公司位于北京市丰台区云岗西路17号,浙江省台州市台州湾集聚区 海豪路788号，成立日期2001年11月30日，上市日期2010年4月13日，公司主营业务涉及从事无人机整机 产品和应用服务;电容器薄膜和太阳能电池背材膜、光学膜、锂离子电池隔膜等的制造和销售。主营业 务收入构成为：无人机及相关产品37.59%，背材膜 ...

Investment Rating - The report rates the commercial drone industry with a strong growth outlook, projecting a market size increase from 131.44 billion RMB in 2025 to 306.97 billion RMB by 2029, with a compound annual growth rate (CAGR) of 23.62% [46]. Core Insights - The commercial drone industry focuses on creating commercial value and enhancing operational efficiency through specialized equipment and integrated solutions [4][5]. - The market growth is driven by technological advancements, cost-effectiveness, and the emergence of new application scenarios such as low-altitude logistics and cultural tourism [4][49]. - The industry is characterized by high technical barriers compared to consumer drones, with a focus on long-term service cooperation rather than one-time sales [11][14]. Industry Definition - Commercial drones are defined as unmanned aerial vehicles designed to provide specialized services to enterprises and institutions, focusing on commercial value creation rather than personal entertainment [5]. Industry Classification - The commercial drone industry can be categorized into various application scenarios, including aerial photography, logistics delivery, agricultural protection, inspection and surveying, medical rescue, commercial performances, and derived commercial services [6]. Industry Features - The core demand of commercial drones is centered on "commercial value transformation," with a focus on addressing customer pain points [12]. - The technology requirements are higher than those for consumer drones, necessitating customized configurations and integrated solutions [13]. - The transaction model leans towards long-term service agreements, enhancing customer retention and profitability through ongoing service fees [14]. Development History - The industry has evolved through three main phases: the nascent phase (1990-2011), the startup phase (2012-2017), and the rapid development phase (2018-present), with significant technological advancements and market validation occurring in each stage [15][19]. Industry Chain Analysis - The industry chain consists of three segments: upstream (core components and key technology supply), midstream (drone manufacturing), and downstream (industry applications and operational services) [21][22]. - Upstream developments include advancements in materials and energy sources, such as carbon fiber and hydrogen technology, which enhance drone performance and reduce costs [23][30]. - Midstream challenges include limitations in battery energy density and signal transmission technology, which affect operational efficiency [24][38]. - Downstream applications are primarily in agricultural protection and surveying, with logistics delivery showing significant growth potential [43][44]. Market Size and Growth Drivers - The commercial drone market is expected to grow significantly, with agricultural protection projected to reach 30.93 billion RMB by 2025, accounting for 25% of the overall market [48]. - New application scenarios, such as low-altitude logistics and environmental monitoring, are expected to inject vitality into the market [49]. - The rise of the "Drone as a Service" (DaaS) model is lowering entry barriers for small and medium enterprises, further expanding the market [50].

Core Viewpoint - Aerospace Rainbow's stock has shown a significant increase this year, with a year-to-date rise of 28.46%, despite a recent decline over the past 60 days [1][2]. Company Overview - Aerospace Rainbow, established on November 30, 2001, and listed on April 13, 2010, is located in Beijing and Taizhou, Zhejiang Province. The company specializes in unmanned aerial vehicle (UAV) products and related services, as well as manufacturing capacitive films, solar cell back materials, optical films, and lithium-ion battery separators [2]. - The main revenue sources for Aerospace Rainbow are UAV and related products (37.59%), back materials and insulation materials (23.85%), optical films (20.64%), technical services (15.02%), and others (2.91%) [2]. Financial Performance - For the first half of 2025, Aerospace Rainbow reported a revenue of 811 million yuan, a year-on-year decrease of 20.43%. The net profit attributable to the parent company was -489,600 yuan, reflecting a year-on-year decrease of 100.74% [2]. - The company has distributed a total of 464 million yuan in dividends since its A-share listing, with 178 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Aerospace Rainbow was 124,800, a decrease of 2.45% from the previous period. The average number of circulating shares per shareholder increased by 2.52% to 7,893 shares [2]. - Among the top ten circulating shareholders, the Guotai Zhongzheng Military Industry ETF (512660) is the seventh largest, holding 8.0721 million shares, an increase of 1.2768 million shares from the previous period. The Southern Zhongzheng 1000 ETF (512100) is the eighth largest, with 6.4194 million shares, marking its entry as a new shareholder [3].

航天彩虹是中国航天科技集团有限公司第十一研究院控股的上市公司，后者为彩虹-7的研制单位。作为"军用无人机第一股"，航天彩虹目前拥有 特种飞行器和新材料两大主业。 具备高度隐形特征的彩虹-7在外形上与彩虹家族其他成员截然不同，2018年公布全尺寸样机，去年珠海航展上首次以真机参展。据央视网今年5月 报道，彩虹-7是基于先进的气动、隐身和控制技术研制的高空亚音速、高生存力无人机系统。该无人机最大起飞重量8吨，巡航速度0.5马赫，实 用升限约为1.6万米，最大续航时间16小时。 航天科技集团专家曹然此前接受媒体采访时介绍，彩虹-7与美国著名的RQ-180隐形无人侦察机处于同一水平。彩虹-7未来还有进一步发展的空 间，包括配备现代战斗机使用的低截获率雷达前出部署，高效地提供目标区域附近的全域信息。 10月13日，有投资者在深交所互动易平台向航天彩虹（002389.SZ）提问：据海外权威媒体报道，沙特空军已经采购ch7隐形无人机五十架，合同 值超过三十亿美金，该合同还包括后期维修服务和耗件等。请问该订单是否属实？对于公司今年明年业绩影响有多大？ 航天彩虹对此回应称，CH7无人机尚处于研制状态。 近年来，中国无人机迅猛发 ...

Core Viewpoint - The company is facing significant challenges in its membrane business due to intense market competition and is actively seeking to transform this segment while maintaining cash flow during a downturn [3][4][7] Group 1: Company Performance - The company reported a revenue of 8.11 billion yuan for the first half of 2025, a decrease of 20.43% year-on-year [5][6] - The net profit attributable to shareholders was a loss of 489,639.29 yuan, representing a decline of 100.74% compared to the previous year [5][6] - The operating cash flow showed a net outflow of 7.2 billion yuan, down 67.47% year-on-year [5][6] Group 2: Business Segments - The company’s membrane business is under severe pressure due to oversupply in the market, leading to a strategic shift towards high-value products and efficiency improvements [3][4] - The drone business is reported to be stable and sustainable, with ongoing efforts in technological innovation and product upgrades [3][4] - The company has nearly 1,000 employees involved in the drone design and production processes [3] Group 3: Market Conditions - The company noted that the demand for drones from international markets is improving, while domestic demand remains stable, although delivery schedules have been affected [7] - The new materials segment is facing significant pressure from supply-demand imbalances, impacting profitability [7] - Currency fluctuations, particularly the depreciation of the US dollar, have negatively affected the company's profit levels [7]

证券日报网讯航天彩虹（002389）10月13日在互动平台回答投资者提问时表示，公司整体发展保持稳 健，具体财务数据请关注公司发布的定期报告。 ...

证券日报网讯航天彩虹10月13日在互动平台回答投资者提问时表示，CH-10A大型无人倾转旋翼机性能 优越，各项指标均有较大提升；相关机型系根据国内用户使用需求在研型号产品。 （文章来源：证券日报） ...

Core Viewpoint - The company is facing intense competition in the membrane business, which is currently experiencing a significant oversupply, prompting a strategic transformation to maintain cash flow and reduce overall performance drag [1] Group 1: Membrane Business - The membrane industry is characterized by fierce competition and a serious oversupply situation [1] - The company is actively seeking to transform its membrane business by reducing outsourcing costs, improving production efficiency, exploring niche markets, and developing high-value-added products [1] - The company aims to preserve cash flow strength during the industry's downturn [1] Group 2: Drone Business - The company's drone business has maintained a steady and sustainable growth trajectory [1] - The company will continue to deepen technological innovation and product upgrades to strengthen and enhance its core competitive advantages [1] - The company is committed to delivering positive results to investors who have shown trust and support [1]

Core Viewpoint - The company emphasizes the importance of technological innovation in driving industrial upgrades and aims to gradually advance the intelligent transformation of production lines and digital management to optimize production processes and enhance resource allocation efficiency, ultimately improving overall operational quality and product reliability for long-term stable value return to investors [2] Group 1 - The company is committed to technological innovation as a key driver for industry upgrades [2] - The company plans to implement intelligent transformation and digital management in its production lines [2] - The focus on optimizing production processes and resource allocation is expected to enhance operational quality and product reliability [2]