证券代码：002389 证券简称：航天彩虹 公告编号：2026-012 航天彩虹无人机股份有限公司 股票交易异常波动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 一、股票交易异常波动的情况介绍 航天彩虹无人机股份有限公司（以下简称"公司"）股票（股票简称： 航天彩虹，股票代码：002389）于 2026 年 3 月 2 日、3 月 3 日、3 月 4 日连续三个交易日收盘价格涨幅累计偏离值为 23.64%，根据深圳证券交 易所交易规则的有关规定，属于股票交易异常波动的情况。 二、公司关注并核实情况说明 2.近期公共传媒未报道可能或已经对本公司股票交易价格产生较大 影响的未公开重大信息； 3.公司未发现前期披露的信息存在需要更正、补充之处； 4.公司生产经营正常，近期公司经营情况及内外部经营环境未发生或 预计将要发生重大变化； 5.经核查，公司控股股东在股票异常波动期间不存在买卖公司股票的 情形； 6.公司不存在违反公平信息披露规定的其他情形。 三、不存在应披露而未披露信息的说明 经公司董事会确认，公司不存在根据《深圳证券交易所股票上市规则》 1 等有 ...

Market Overview - The Asia-Pacific market experienced significant declines, referred to as "Black Wednesday," with major indices suffering substantial losses [4][8]. - The South Korean KOSPI index fell by 12.06%, marking its largest single-day drop since 2008, while the Nikkei index dropped over 2000 points [5][8]. Factors Influencing Market Movements - The surge in oil prices due to the Iran conflict is raising concerns about inflation, particularly affecting oil-importing countries like South Korea, the eighth-largest oil consumer globally [8][10]. - Analysts note that forced liquidations of leveraged positions are exacerbating market losses, leading to increased volatility and uncertainty [8][9]. Regulatory Response - The South Korean Financial Committee held an emergency meeting to assess the market situation and is prepared to activate a market stabilization plan of 100 trillion KRW if volatility persists [9][10]. A-Share Market Performance - The Shanghai Composite Index fell by 0.98%, closing below the 4100-point mark, with the Shenzhen Component and ChiNext Index also experiencing declines [12][13]. - A total of 1745 stocks rose while 3640 stocks fell, indicating a broad market downturn [14][15]. Sector Performance - The storage chip sector saw significant gains, with companies like Baiwei Storage and Demingli hitting the daily limit [16][17]. - The electric power and grid equipment sectors also performed well, with stocks like Ankao Zhidian reaching their daily limit [18][19]. - Military stocks were active, with Aerospace Rainbow hitting the daily limit and Zhong Wujun rising over 15% [20][21]. - Agricultural stocks experienced a rally, with Yasheng Group achieving a four-day limit increase and Nongfa Seed Industry hitting the daily limit [22][23]. Declines in Other Sectors - The oil and gas sector faced adjustments, with companies like Renzhi falling to their daily limit [24]. - The shipping sector saw declines, with Phoenix Shipping hitting the daily limit [25][26].

Market Overview - The total trading volume in the Shanghai and Shenzhen markets reached 2.38 trillion yuan, a decrease of 769.6 billion yuan compared to the previous trading day, with over 3,600 stocks declining across the market [2]. Sector Performance - The electric grid equipment sector continued to strengthen, with companies like Shenneng Power achieving three consecutive daily limits and Hangdian Co. achieving two limits in four days [2]. - The military industry sector saw a strong increase, particularly in the drone and shipbuilding segments, with Aerospace Rainbow achieving two limits in three days and Zhongwu Drone rising over 16% [2][4]. Investment Insights - China Galaxy Securities highlighted that escalating geopolitical risks will further reinforce expectations for stable military spending growth. The procurement pace and scale are expected to increase significantly, focusing on main battle equipment and new domains, including air defense, precision-guided weapons, and unmanned systems [4][5]. - Two main investment lines were suggested: 1. Domestic substitution of high-end equipment, focusing on key areas like gas turbines and domestic large aircraft to promote core technology and key component autonomy. 2. Future industry and new combat power cultivation, covering commercial aerospace, low-altitude economy, and deep-sea technology, with an emphasis on the integration of artificial intelligence in military applications [5]. Storage Chip Sector - The storage chip concept experienced a surge, with companies like Baiwei Storage hitting the daily limit and Jiangbolong rising over 14%, with a market capitalization exceeding 120 billion yuan [5][6]. Oil and Gas Sector - In the afternoon, oil and gas stocks rebounded, with companies like Quanyou Co. achieving three consecutive limits and Intercontinental Oil and Gas hitting five limits in seven days [7]. Shipping and Coal Sectors - The shipping sector saw significant declines, with companies like Lianyungang and Nanjing Port hitting the daily limit down. The coal sector also weakened, with Yunmei Energy hitting the daily limit down [7]. Hong Kong Market - In the Hong Kong market, both the Hang Seng Index and the Hang Seng Technology Index fell sharply, with the Hang Seng Index dropping 700 points and the technology index falling below 4,800 points [7].

Core Viewpoint - The recent escalation of conflict in the Middle East is seen as a potential "super black swan" event that could disrupt global financial markets, with sectors such as oil and gas, gold, military, shipping, nuclear pollution prevention, and coal expected to benefit from the situation [1][6]. Beneficial Sectors - Oil and Gas Exploration: The conflict has directly driven up oil prices, enhancing profits for upstream companies. High oil prices are expected to stimulate increased capital expenditure in oil and gas firms, benefiting oil service equipment [2][6]. - Gold: The military conflict is likely to heighten market risk aversion, which in turn is expected to push up gold prices [2][7]. - Defense and Military: The escalation of geopolitical tensions is anticipated to increase demand for military supplies, including missiles, drones, and air defense systems [2][8]. - Shipping: The conflict may impact oil transportation routes, such as the Strait of Hormuz, leading to increased shipping rates [2][9]. - Nuclear Pollution Prevention: The conflict's focus on nuclear issues is expected to drive demand for nuclear pollution monitoring and protective equipment [3][9]. - Coal: In the context of rising international oil prices and supply constraints, coal's value as an energy substitute is expected to increase significantly [3][10]. Institutional Insights - The impact of the Middle East conflict on equity assets is primarily seen in terms of risk preference and structural changes, with limited substantive effects on the fundamentals of the A-share market. As geopolitical shocks subside and domestic policy discussions intensify, risk preferences are expected to recover [4][11]. - In a scenario of a quick resolution, risk preferences may initially decline but then recover, with assets like gold, shipping, and military experiencing volatility. Conversely, if the conflict drags on, risk preferences may remain low, leading to sustained volatility in these assets [4][11]. - The military actions taken by the U.S. and Israel against Iran will significantly influence global markets and asset prices, depending on the objectives and duration of these actions [4][11]. Investor Recommendations - Investors are advised to maintain a rational approach and focus on structural opportunities, prioritizing sectors that directly benefit from the conflict, such as oil and gas, gold, and military [12]. - It is recommended to avoid sectors under pressure, such as aviation and oil refining, which may suffer from reduced profit margins due to rising oil prices [12]. - Long-term strategies should focus on domestic economic recovery and industry upgrades, using short-term volatility to invest in high-certainty core assets while balancing risk and return [12].

Group 1 - The top 20 stocks with significant capital inflow include Zhongji Xuchuang (1.706 billion), BYD (1.590 billion), and Xinyi Sheng (1.447 billion) [1] - Zhongji Xuchuang experienced a price increase of 6.74%, while BYD rose by 4.4% [2] - The defense sector shows strong performance with Lei Ke Defense and China Satellite increasing by 10.02% and 6.52% respectively [2] Group 2 - Other notable stocks include Feilong Co. (10% increase), Dongshan Precision (4.01% increase), and Hengtong Optic-Electric (6.36% increase) [2][3] - The energy sector is represented by TBEA (3.1% increase) and Changjiang Electric Power (2.04% increase) [2] - Agricultural Bank saw a modest increase of 1.88% with a capital inflow of 3.17 billion [3]

Core Insights - The main focus of the news is the significant inflow of capital into various stocks, indicating strong investor interest in specific sectors and companies. Group 1: Stock Performance and Capital Inflow - BYD saw a capital inflow of 1.427 billion, with a price increase of 3.55% [1][2] - China Satellite experienced a capital inflow of 0.797 billion, with a price increase of 7.71% [1][2] - Aerospace Rainbow had a capital inflow of 0.346 billion, with a price increase of 9.99% [1][2] - The stock with the highest capital inflow was BYD, followed by China Satellite and Raytheon Defense [1][2] Group 2: Sector Analysis - The automotive sector, represented by BYD and Feilong Co., showed strong performance with inflows of 1.427 billion and 0.493 billion respectively [1][2] - The defense sector, including China Satellite and Raytheon Defense, also attracted significant capital, with inflows of 0.797 billion and 0.730 billion respectively [1][2] - The communication sector, represented by companies like Hengtong Optic-Electric and Tianfu Communication, saw inflows of 0.504 billion and 0.233 billion respectively [1][2][3]

Investment Rating - The report maintains an "Increase" rating for the aerospace and military industry [8] Core Viewpoints - The recent military strikes by the US and Israel against Iran have escalated security tensions, prompting a global increase in military spending. The report highlights that the world is entering a period of significant military conflict, with various regional conflicts ongoing, leading to heightened defense budgets in the US, EU, and Japan [19][20] - The report anticipates that China's military trade will experience rapid growth during the "14th Five-Year Plan" period, with an expected increase in market share [20][27] - The focus on new equipment construction cycles is expected to create structural opportunities in military demand, particularly in new domains, unmanned systems, advanced weapons, and low-cost equipment [23][24] Summary by Sections Industry Investment Rating - The aerospace and military industry is rated as "Increase" [8] Recent Developments - The US and Israel conducted coordinated military strikes against Iran, targeting military facilities and leadership, which is expected to have significant implications for regional security and military spending [11][12][14] Market Opportunities - The report suggests that military demand will see structural opportunities during the "14th Five-Year Plan," particularly in new domains and advanced technologies [23][24] - Companies to watch include: AVIC Shenyang Aircraft Corporation, Guorui Technology, and Aerospace South Lake, among others [3][20] Company Recommendations - Key companies recommended for investment include: - AVIC Shenyang Aircraft Corporation (600760 CH) - Buy - Guorui Technology (600562 CH) - Buy - Ruichuang Micro-Nano (688002 CH) - Buy - Aerospace South Lake (688552 CH) - Buy - Aerospace Rainbow (002389 CH) - Buy - AVIC High-Tech (600862 CH) - Hold [8]

Investment Rating - The report maintains a recommendation for the defense and military industry [4] Core Insights - The geopolitical risks have escalated following the US and Israel's joint attack on Iran, which is expected to strengthen the growth expectations for military spending [6][15] - The Chinese military trade is anticipated to experience structural expansion opportunities due to the high cost-performance ratio and the absence of political conditions attached to Chinese military equipment [16][18] - The report highlights a significant calendar effect observed in the military industry index before and after the National People's Congress meetings [21][24] - The defense budget in China is projected to grow steadily by 7%-7.5% in 2026, driven by geopolitical tensions [21][24] Summary by Sections Section 1: Geopolitical Risks - The US and Israel launched a coordinated attack on Iran on February 28, 2026, leading to a significant military response from Iran [8][15] - The escalation of geopolitical risks is expected to enhance military spending growth expectations, with a focus on main battle equipment and new domains [15] Section 2: National Congress Outlook - The military industry index typically outperforms the Shanghai Composite Index before the National Congress meetings, with a notable increase of 4.4% one month prior and 1.7% one week prior [21][22] - The focus of the upcoming National Congress is expected to be on domestic innovation and emerging sectors within the military industry [24][25] Section 3: Military Trade Opportunities - Chinese military equipment is positioned as a core alternative for Middle Eastern countries, with expectations for military trade to increase from the current 3.82% to 10%-15% [16][18] - The report suggests focusing on key players in military trade, including 中航沈飞 (AVIC Shenyang Aircraft Corporation) and 中航成飞 (AVIC Chengfei), among others [18][47] Section 4: Investment Recommendations - Short-term opportunities are identified in commercial aerospace and military trade, with significant growth expected in the next five years [45] - Long-term prospects remain strong, with defense spending expected to maintain a growth rate of around 7% leading up to the centenary of the military [45]

证券代码：002389 证券简称：航天彩虹 公告编号：2026-011 航天彩虹无人机股份有限公司 2026年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1.本次股东会无否决提案的情形。 4.会议表决方式：采取现场书面记名投票和网络投票方式 5.会议召集人：公司董事会 6.会议主持人：公司董事长胡梅晓先生 2.本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 1.会议召开时间： （1）现场会议召开时间为：2026年2月27日（星期五）下午14:00开 始 （2）网络投票时间为：2026年2月27日。其中，通过深圳证券交易所 交易系统进行网络投票的具体时间为：2026年2月27日上午9:15-9:25， 9:30-11:30，下午13:00-15:00；通过深圳证券交易所互联网投票系统进 行投票的具体时间为：2026年2月27日上午9:15至下午15:00。 2.会议召开地点：北京市丰台区云岗西路17号北京浦金凯航国际大酒 店一层会议室 3.会议召开方式：现场表决与网络投票相结合的方式 会议的召集、召开和表 ...

嘉源律师事务所 IA YUAN LAW OFFICES 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致:航天彩虹无人机股份有限公司 北京市嘉源律师事务所 北京市嘉源律师事务所 关于航天彩虹无人机股份有限公司 2026年第一次临时股东会的法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 航天彩虹 · 2026年第一次临时股东会 嘉源 · 法律意见书 关于航天彩虹无人机股份有限公司 2026 年第一次临时股东会的法律意见书 嘉源(2026)-04-095 北京市嘉源律师事务所(以下简称"本所")接受航天彩虹无人机股份有限 公司(以下简称"公司")委托,根据《中华人民共和国公司法》(以下简称"《公 司法》"》《上市公司股东会规则》(以下简称"《股东会规则》")等现行有效的法 律、行政法规、部门规章、规范性文件(以下简称"法律法规")以及《航天彩 虹无人机股份有限公司章程》(以下简称"《公司章程》")的有关规定,指派本所 律师对公司 2026 年第一次临时股东会(以下简称"本次股东会")进行见证,并 ...