Core Viewpoint - The successful maiden flight of the Rainbow-7 drone marks a strategic breakthrough for China's high-end drone capabilities, potentially enhancing the market position of Aerospace Rainbow (002389.SZ) in the global military drone market [4][10][11]. Company Overview - Aerospace Rainbow, originally Zhejiang Nanyang Electronic Film Co., was listed in 2010 and restructured in 2017 to focus on drone and guided weapon systems, with the China Aerospace Science and Technology Corporation as the new controlling shareholder [12]. - The company operates primarily in two sectors: drones and new materials, with drones being the core business encompassing research, design, production, and sales [12][13]. Product Development - The Rainbow-7 drone features advanced design elements such as a flying wing layout, stealth capabilities, and multi-tasking abilities, including reconnaissance and strike functions [9][10]. - The drone can fly for up to 16 hours, has a maximum range of 8,000 kilometers, and can carry up to 2 tons of weapons, making it a strategic asset in military operations [9][10]. Market Position - Aerospace Rainbow has maintained a leading position in the global drone export market, with the Rainbow series drones consistently ranking among the top three in global export volumes for the past decade [13][24]. - The company holds a 70% share of China's military drone export market, with significant sales to over ten countries and regions [13][24]. Financial Performance - The company has faced declining revenues and profits from 2022 to 2024, with a reported revenue of 2.567 billion yuan in 2024, down 10.45% year-on-year, and a net profit of 88 million yuan, down 42.54% [18][20]. - Despite recent challenges, there are signs of recovery, with a significant revenue increase of 162.48% year-on-year in Q3 2025, indicating a potential turning point [21][22]. Industry Outlook - The global military drone market is projected to grow significantly, reaching $34.3 billion by 2025, driven by increasing demand for advanced drone capabilities [23]. - The Asia-Pacific region is expected to lead this growth, with China's defense modernization efforts contributing to a surge in drone procurement [23][24]. - Aerospace Rainbow is well-positioned to capitalize on this growth, especially with the anticipated demand for high-end drones in the international market [24][25].

Group 1 - The core viewpoint of the news is that Aerospace Rainbow has shown significant stock performance with a year-to-date increase of 33.52% and a recent uptick in trading activity, indicating potential investor interest and market confidence [1] - As of December 18, Aerospace Rainbow's stock price reached 24.02 CNY per share, with a market capitalization of 23.658 billion CNY and a trading volume of 343 million CNY [1] - The company has experienced a net inflow of main funds amounting to 6.4939 million CNY, with large orders contributing significantly to the buying activity [1] Group 2 - Aerospace Rainbow, established on November 30, 2001, and listed on April 13, 2010, specializes in unmanned aerial vehicles (UAVs) and related products, as well as manufacturing capacitive films, solar cell back materials, optical films, and lithium-ion battery separators [2] - The revenue composition of Aerospace Rainbow includes 37.59% from UAVs and related products, 23.85% from back materials and insulation materials, 20.64% from optical films, 15.02% from technical services, and 2.91% from other sources [2] - As of November 28, the number of shareholders increased to 123,000, with an average of 8,004 circulating shares per person [2] Group 3 - Aerospace Rainbow has distributed a total of 466 million CNY in dividends since its A-share listing, with 178 million CNY distributed over the past three years [3] - As of September 30, 2025, the top ten circulating shareholders include notable entities such as the Guotai Zhongzheng Military Industry ETF and Hong Kong Central Clearing Limited, with some shareholders reducing their holdings [3]

（编辑 任世碧） 证券日报网讯 12月16日晚间，航天彩虹发布公告称，公司于2025年12月15日召开第七届董事会第五次 会议，审议通过了《关于续聘会计师事务所的议案》，拟续聘天健会计师事务所（特殊普通合伙）为公 司2025年度审计机构。本事项尚需提交公司股东会审议。 ...

金元证券近日发布低空经济周报（第五十周）：本周低空经济指数涨2.23%，相对涨幅2.31%，日均成 交额633.48亿元，市盈率（TTM）达121.53倍，本周日均主力净流入额-12.59亿元。较上周而言，本周 成交额大幅上升，估值维持高位，主力资金净流出。 以下为研究报告摘要： 板块行情回顾： 本周低空经济指数涨2.23%，相对涨幅2.31%，日均成交额633.48亿元，市盈率（TTM）达121.53倍，本 周日均主力净流入额-12.59亿元。较上周而言，本周成交额大幅上升，估值维持高位，主力资金净流 出。 个股表现： 本周涨幅前五个股为西部材料、超捷股份、四创电子、广联航空、航天电子；跌幅前五个股为中兴通 讯、英博尔、星源卓镁、超图软件、中化岩土。 3."海口秀英至广东徐闻"低空无人机常态化物流航线开通；4."九天"无人机成功首飞； 5.彩虹-7高空高速隐身无人机成功首飞； 6.天晴空天科技国产运投无人机SUNNY－T2000正式下线7.国产首款重载eVTOL AR-E800首飞成功； 8.浙江金华编织无人配送网络畅通"最后一公里"； 9.合肥市召开推进低空寄递物流专题会议； 10.国家医保局组织医保领域 ...

截至发稿，航天彩虹市值为243亿元。 每经头条（nbdtoutiao）——中标企业频频弃标 大型医疗设备采购有何难言之隐？ 每经AI快讯，航天彩虹（SZ 002389，收盘价：24.63元）12月16日晚间发布公告称，公司第七届第五次 董事会会议于2025年12月15日以通讯表决方式召开。会议审议了《关于调整全资子公司与非关联方合资 设立低空科技公司投资方案的议案》等文件。 （记者 曾健辉） 2025年1至6月份，航天彩虹的营业收入构成为：航空航天产品制造占比52.61%，电子元器件制品占比 44.49%，其他业务占比2.91%。 ...

特别提示： 1.公司 2024 年度审计意见为标准的无保留意见； 2.本次聘任不涉及变更会计师事务所； 证券代码：002389 证券简称：航天彩虹 公告编号：2025-056 航天彩虹无人机股份有限公司 关于拟续聘会计师事务所的公告 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。 3.审计委员会、董事会对本次续聘会计师事务所事项不存在异议； 4.本次续聘会计师事务所符合财政部、国务院国资委、证监会印发的 《国有企业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号） 的规定。 航天彩虹无人机股份有限公司（以下简称"公司"）于 2025 年 12 月 15 日召开第七届董事会第五次会议，审议通过了《关于续聘会计师事 务所的议案》，拟续聘天健会计师事务所（特殊普通合伙）为公司 2025 年度审计机构。该事项已经公司董事会审计委员会审议通过，尚需提交公 司股东会审议。现将有关情况公告如下： 一、拟续聘会计师事务所的基本情况 （一）机构信息 1.基本信息 会计师事务所名称：天健会计师事务所（特殊普通合伙） 注册地址：浙江省杭州市西湖区灵隐街道西溪路 128 ...

证券代码：002389 证券简称：航天彩虹 公告编号：2025-057 航天彩虹无人机股份有限公司 关于调整全资子公司与非关联方合资设立低空科技公司 投资方案的公告 | | | 航天彩虹无人机股份有限公司（以下简称"航天彩虹"或 "公司"） 于 2025 年 12 月 15 日召开第七届董事会第五次会议审议通过《关于调整 全资子公司与非关联方合资设立低空科技公司投资方案的议案》，同意全 资子公司彩虹无人机科技有限公司（以下简称"彩虹公司"）调整对外投 资方案，根据前次资产评估结果，以彩虹-8 全倾转旋翼相关专利等无形 资产作价出资人民币 41,701.46 万元（含税价），与重庆都梁城工高新科 技集团有限公司（以下简称"都梁高新集团"）共同设立重庆运虹低空科 技有限公司（以下简称： "重庆运虹"或"标的公司"），并修订出资协 议，本事项尚需提交公司股东会审议。现将具体情况公告如下： 一、对外投资事项概述 公司于 2025 年 11 月 21 日召开第七届董事会第四次会议，审议通过 了《关于全资子公司以包括部分募投项目资产在内的非货币性资产出资与 非关联方合资设立低空科技公司的议案》，同意全资子公司彩虹公司以价 ...

证券代码：002389 证券简称：航天彩虹 公告编号：2025-055 航天彩虹无人机股份有限公司 第七届董事会第五次会议决议公告 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。 一、董事会会议召开情况 航天彩虹无人机股份有限公司（以下简称"公司"）第七届董事会第 五次会议（以下简称"会议"）于 2025 年 12 月 15 日以通讯表决方式召 开。会议通知已于 2025 年 12 月 8 日以书面、邮件和电话方式发出。本次 会议应参加表决董事 9 名，实际参加表决董事 9 名。公司董事长胡梅晓先 生主持本次会议，公司部分高级管理人员列席本次会议。会议的召集、召 开程序符合相关法律、法规、规范性文件及《公司章程》的规定，合法有 效。 二、董事会会议审议表决情况 1、以 9 票同意，0 票反对，0 票弃权，审议通过了《关于续聘会计 师事务所的议案》。 同意公司聘用天健会计师事务所（特殊普通合伙）为公司 2025 年度 审计机构。该事项已经公司审计委员会审议通过，尚需提交公司股东会批 准。 详 见 2025 年 12 月 16 日 《 证 券 时 报 》 及 巨 ...

本公司及董事会全体成员保证信息披露的内容的真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 根据航天彩虹无人机股份有限公司（以下简称"公司"）第七届 董事会第五次会议决议，定于2025年12月31日召开公司2025年第四次 临时股东会。本次股东会采取现场投票与网络投票相结合的方式进行， 现将有关具体情况通知如下： 证券代码：002389 证券简称：航天彩虹 公告编号：2025-058 航天彩虹无人机股份有限公司 关于召开 2025 年第四次临时股东会的通知 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的 具体时间为2025年 12月 31日9:15-9:25，9:30-11:30，13:00-15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为2025年12月 1 31 日 9:15 至 15:00 的任意时间。 5.会议的召开方式：现场表决与网络投票相结合。 （1）现场投票：股东本人出席现场会议或者通过授权委托他人 出席现场会议； 一、召开会议的基本情况 1.股东会届次：2025 年第四次临时股东会 2.股东会召集人：董事会 3.本次会议的召集、召开符合《中华人民共和国公司法》《 ...

Core Viewpoint - The article discusses the ongoing AI bubble concerns and the impact of various negative news on the AI technology sector, while emphasizing that the fundamental logic and trends of the global AI industry remain unchanged in the long term [2][5]. Group 1: Investment Opportunities in Key Technology Directions - Commercial Space: The "strong nation in space" goal in the 14th Five-Year Plan, along with policies, demand, and technology, creates a robust investment opportunity in commercial space [2][3]. - Demand for low-orbit satellite resources is urgent, with China's GW and Qianfan constellations planning over 10,000 satellites, of which less than 1% are currently in orbit [3]. - The successful launch of the Zhuque-3 and the upcoming Long March 12 rocket are expected to significantly reduce launch costs, which is crucial for satellite networking [3]. Group 2: Specific Technology Areas - Autonomous Driving: The recent approval of L3 autonomous vehicle licenses marks a critical transition from testing to commercialization, with a projected market size of 270 billion for Robotaxi by 2030 [5]. - Nuclear Fusion: While still in the experimental phase, nuclear fusion is recognized as a future key industry, with significant investment opportunities tied to technological breakthroughs [6]. - Artificial Intelligence: The focus has shifted from speculative investments to practical applications, with the 14th Five-Year Plan promoting AI integration across various industries [6][7]. Group 3: Market Dynamics and Trends - The commercial space sector has shown resilience despite recent launch delays, indicating strong market recognition and investment potential [9][11]. - The core logic of commercial space revolves around the urgent need for satellite networking and decreasing costs, with various companies positioned to benefit from this trend [11]. - The article highlights the importance of selecting the right sectors and companies for sustained investment, particularly in the context of the 14th Five-Year Plan's long-term technological focus [15].