Market Overview - The Shanghai Composite Index rose by 0.42% on June 4, with 28 out of 31 sectors experiencing gains, led by the beauty and personal care sector with a 2.63% increase, followed by the comprehensive sector at 2.53% [1] - The transportation, defense, and public utilities sectors saw declines, with decreases of 0.58%, 0.24%, and 0.12% respectively [1] Capital Flow Analysis - The net inflow of capital in the two markets was 1.074 billion yuan, with 17 sectors receiving net inflows [1] - The electronics sector had the highest net inflow of 3.070 billion yuan, increasing by 1.17%, followed by the non-bank financial sector with a net inflow of 1.588 billion yuan and a daily increase of 0.99% [1] - Conversely, 14 sectors experienced net outflows, with the automotive sector leading at a net outflow of 1.787 billion yuan, followed closely by the defense sector with a net outflow of 1.740 billion yuan [1] Defense Industry Performance - The defense industry declined by 0.24% with a net outflow of 1.740 billion yuan, comprising 139 stocks, of which 55 rose and 79 fell [2] - Among the stocks with net inflows, 35 saw positive capital flow, with the top three being Guoguang Electric with 45.7192 million yuan, followed by Ganhuakegong with 43.3232 million yuan, and Aerospace Rainbow with 37.7146 million yuan [2] - The stocks with the highest net outflows included Haige Communication with a net outflow of 214.9181 million yuan, followed by Sichuang Electronics with 122.2263 million yuan, and Taihao Technology with 101.6526 million yuan [3] Defense Industry Capital Inflow and Outflow - **Top Inflow Stocks**: - Guoguang Electric: -0.98% change, 3.15% turnover rate, 45.7192 million yuan inflow [2] - Ganhuakegong: 6.77% change, 11.31% turnover rate, 43.3232 million yuan inflow [2] - Aerospace Rainbow: 1.83% change, 10.54% turnover rate, 37.7146 million yuan inflow [2] - **Top Outflow Stocks**: - Haige Communication: -2.19% change, 10.40% turnover rate, -214.9181 million yuan outflow [3] - Sichuang Electronics: -4.81% change, 16.98% turnover rate, -122.2263 million yuan outflow [3] - Taihao Technology: -2.29% change, 4.60% turnover rate, -101.6526 million yuan outflow [3]

军工板块走高，星网宇达（002829）、航天彩虹（002389）、莱赛激光涨停，中天火箭（003009）、北 化股份（002246）、德邦股份（603056）此前封板，纵横股份、万里马（300591）、中无人机涨超 10%，海格通信（002465）、航天南湖、贵航股份（600523）、光韵达（300227）、佳力奇（301586） 等跟涨。 暗盘资金一眼洞悉庄家意图>> ...

Summary of Key Points from the Conference Call Industry Overview - The focus is on the low-altitude logistics sector, particularly involving drones and counter-drone technologies [1][2][4]. Core Insights and Arguments - The National Postal Bureau of China has emphasized the development of drone technology for branch transportation and last-mile delivery, aiming to enhance the low-altitude economy in postal and express services [1][2]. - There is an exploration of cross-province and intercity drone transportation to scale up last-mile delivery applications, improving service efficiency and customer experience [3][4]. - Low-altitude logistics can be categorized into last-mile logistics (within 20 km) and branch logistics (50-500 km), with small multi-rotor drones used for last-mile delivery and fixed-wing drones for longer distances [4]. - A comprehensive drone delivery network is being established, as outlined in the "General Aviation Equipment Innovation Application Implementation Plan" released in March 2024 [4]. - Meituan has received the first nationwide low-altitude logistics coverage operational certificate in April 2025 [4]. Related Companies and Investment Opportunities - **Logistics Drone Companies**: - Guanglian Aviation (supplier for Baijing Airlines) - Zongshen Power (suppliers for Tengdun, Rainbow, and Zhong UAV) - Zongheng Co. (engaged in drone logistics demonstration applications) - Green Energy Huichong (heavy-duty drones in collaboration with China Post) - Aerospace Rainbow (YH1000 logistics drone first flight) [5]. - **Other Low-Altitude Economy Companies**: - Shenzhen Urban Transport - Sichuan Chuang Electronics - Lais Information - Wanfeng Aowei [5]. Additional Important Insights - The Ukrainian National Security Bureau reported the deployment of 117 FPV drones to attack multiple airports in Russia, destroying several strategic bombers [6]. - The tactic employed by Ukraine involves concealing drones in modified containers, which are then delivered to specified locations by unsuspecting truck drivers, showcasing a low-cost and high-concealment strategy that may increase global focus on drone technology and countermeasures [6][7]. Related Companies in Counter-Drone Technology - **Drone Companies**: - Zongshen Power (aviation piston engines) - Aerospace Electronics - Zhong UAV - Aerospace Rainbow - Guanglian Aviation - Zongheng Co. [7]. - **Counter-Drone Companies**: - Sichuan Chuang Electronics - Lianchuang Optoelectronics - Aerospace Nanhu - Guorui Technology - Lais Information - Sichuan Jiuzhou [7].

A股军工装备板块盘初走高，纵横股份涨超11%，中天火箭涨超7%，烽火电子、中无人机涨超5%，星 网宇达、航天彩虹跟涨。 ...

智通财经6月3日电，永悦科技走出2连板，山河智能一字涨停，莱赛激光、六九一二、纵横股份、中无 人机、航天彩虹等涨幅靠前。消息面上，俄罗斯国防部通报称，6月2日乌克兰当局使用FPV无人机对摩 尔曼斯克州、伊尔库茨克州、伊万诺沃州、梁赞州和阿穆尔州的机场发动了恐怖袭击。据TrendForce预 测，至2025年，全球军用无人机市场规模将增长至343亿美元。 无人机概念盘初活跃 永悦科技2连板 ...

Industry Overview - The low-altitude logistics industry in China consists of a comprehensive supply chain, including upstream raw materials and core components, midstream low-altitude manufacturing, and downstream operational services and applications [1][2] - Upstream materials include metals, special rubber, and polymer materials, while midstream encompasses low-altitude manufacturing, flight operations, and comprehensive services [1][2] - Downstream services cover e-commerce logistics, traditional express delivery, takeaway delivery, and third-party logistics providers, with applications in urban logistics, rural logistics, emergency rescue, and medical supplies delivery [1] Key Players and Their Business Layout - Major companies in the low-altitude logistics sector include Hongdu Aviation, AVIC Helicopter, and DJI, with a focus on various aspects of the supply chain [2][10] - Hongdu Aviation specializes in the design, manufacturing, and maintenance of trainer aircraft, with over 8,000 pieces of equipment [11] - AVIC Helicopter is the largest player in China's helicopter manufacturing industry, with a comprehensive product range [11] - DJI and other drone manufacturers are pivotal in the midstream segment, while logistics companies like SF Express, Meituan, and JD.com are key players in the downstream segment [2][10][12] Regional Development - The low-altitude logistics industry is primarily concentrated in Beijing and Guangdong, where the development of the supply chain is more robust [4][6] - As of April 2025, there are 16 drone industrial parks across China, with notable concentrations in Zhejiang and Jiangsu [8] Recent Developments and Trends - Companies are diversifying their operations, with SF Express, Meituan, and JD.com expanding their business through digital logistics solutions and technological innovations [13][14] - The industry is witnessing advancements in drone technology, including battery life improvements and enhanced obstacle avoidance capabilities [14] - Collaboration among companies is increasing to explore new application scenarios and business models in low-altitude logistics [14] Representative Companies' Latest Developments - SF Express has established a three-segment air transport network and operates a significant number of drone flights daily [12][15] - Meituan has launched multiple drone delivery routes and is expanding its operations internationally, including in the UAE [15] - JD.com is focusing on last-mile delivery in remote areas and has introduced a new generation of logistics drones [15] - China Post is developing a low-altitude logistics network and has signed strategic agreements to enhance its infrastructure [15] - Xunyi Technology is collaborating with China Mobile to promote low-altitude logistics and smart city initiatives [15]

证券代码：002389 证券简称：航天彩虹 公告编号：2025-022 航天彩虹无人机股份有限公司 关于参加中国航天科技集团有限公司控股上市公司 2024年度集体业绩说明会的公告 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。 特别提示： 1.会议召开时间：2025 年 6 月 5 日（星期四）下午 14:30-17:30 3.会议召开方式：现场会议同步视频直播和网络文字互动 4.投资者可以在 2025 年 6 月 4 日（星期三）下午 16:00 前通过本公 告中的电话或者邮件方式进行提问，公司将在说明会上对投资者普遍关注 的问题进行回复。 航天彩虹无人机股份有限公司（以下简称"公司"或"本公司"）已 于 2025 年 3 月 29 日披露了《2024 年年度报告》，并于 2025 年 4 月 21 日在同花顺路演平台以网络远程的方式召开了 2024 年度报告业绩说明会， 具体内容详见巨潮资讯网（http://www.cninfo.com.cn）。为加强与投资者 沟通，推进公司高质量发展，根据中国航天科技集团有限公司（以下简称 "航天科技集团"）统一安排，公 ...

数据统计显示，中证台州制造30指数近一个月上涨5.54%，近三个月下跌7.13%，年至今上涨4.71%。 金融界5月26日消息，上证指数低开震荡，中证台州制造30指数 (台州制造30，931179)报1581.13点。 据了解，中证台州指数系列包括中证台州综合指数、中证全球台州综合指数和中证台州制造30指数，选 取浙江台州的上市公司组成指数样本，采用自由流通市值加权计算，分别反映A股上市的台州企业股票 的整体表现、全球上市的台州企业股票的整体表现和A股中流动性较高、市值较大的台州制造业企业股 票整体表现。该指数以2010年12月31日为基日，以1000.0点为基点。 从指数持仓来看，中证台州制造30指数十大权重分别为：双环传动（9.4%）、天山铝业（9.12%）、银 轮股份（9.11%）、水晶光电（8.88%）、航天彩虹（6.23%）、华海药业（5.96%）、苏泊尔 （3.98%）、伟星股份（3.92%）、九洲药业（3.3%）、杰克股份（3.27%）。 从中证台州制造30指数持仓的市场板块来看，深圳证券交易所占比77.45%、上海证券交易所占比 22.55%。 从中证台州制造30指数持仓样本的行业来看，可选消 ...

Core Viewpoint - The article highlights the successful deployment of the Chinese J-10CE fighter jet by the Pakistan Air Force, which has demonstrated combat superiority over Indian aircraft, including the French Rafale, marking a significant advancement in China's military aviation capabilities [1][2]. Summary by Sections J-10CE Fighter Jet Development - The J-10 fighter jet significantly reduced the gap between China and leading aviation powers, marking China's entry into the group of nations capable of developing fourth-generation fighter jets [2]. - In 2022, China delivered its first batch of six J-10CE jets, indicating a shift in military equipment exports from single products to comprehensive support systems [2]. Technological Advancements - The J-10CE features a canard-delta wing design, enhancing its maneuverability, and is powered by the domestically produced WS-10B "Taihang" engine, achieving over 14 tons of thrust and a maximum speed of 1.8 Mach with a range of nearly 3,400 kilometers [4][8]. - The aircraft is equipped with advanced avionics, including an active electronically scanned array (AESA) radar, which allows it to track multiple aerial targets simultaneously, significantly improving combat effectiveness compared to older radar systems [5][7]. Market Opportunities and Industry Impact - The fighter jet industry involves thousands of upstream and downstream enterprises, including major A-share companies like AVIC Chengfei, Hongdu Aviation, and AVIC Heavy Machinery, which are expected to benefit from the growing demand for military aircraft [2][10]. - The export of military equipment is anticipated to accelerate the technological advancement of the domestic industry, with companies like Hongdu Aviation reporting a 54.78% year-on-year increase in export sales [10]. - The shift from single equipment exports to comprehensive combat system exports is expected to enhance the performance of military enterprises, with the industry poised for a significant growth phase as demand increases [11].

Core Insights - The recent use of the Chinese J-10CE fighter jets by the Pakistan Air Force in border conflicts has demonstrated their combat effectiveness, successfully downing multiple Indian aircraft and gaining an advantage over French Rafale jets [1] - The development of the J-10 fighter jet has significantly narrowed the gap between China and leading aviation powers, marking China's emergence as one of the few countries capable of developing fourth-generation fighter jets [1] - The export of the J-10CE represents a shift in China's military equipment export strategy from single product output to a comprehensive support system [1] Industry Overview - The fighter jet industry involves thousands of upstream and downstream enterprises across various sectors, including aviation equipment, new materials, and precision processing, with leading A-share companies such as AVIC Chengfei (302132), Hongdu Aviation (600316), AVIC Heavy Machinery (600765), and others benefiting from this growth [1] - The J-10CE's combat capabilities are attributed to three main systems: its aerodynamic design, advanced avionics, and enhanced weapon load capacity, which collectively improve its operational effectiveness [2][3][5] - The J-10CE features a duck-billed aerodynamic layout and is powered by the domestically produced WS-10B "Taihang" engine, achieving a maximum thrust of over 14 tons and a top speed of 1.8 Mach, showcasing significant advancements over previous models [3] - The integration of an active electronically scanned array (AESA) radar allows the J-10CE to track multiple aerial targets simultaneously, enhancing its combat capabilities in medium-range air combat [4] Market Dynamics - The military trade sector is transitioning from single equipment exports to comprehensive combat system exports, with a significant order backlog exceeding 10 billion yuan, indicating an acceleration in military export performance [7] - Companies like Hongdu Aviation have reported a 547.8% year-on-year increase in export sales, validating their strategic focus on diversified platforms [7] - The A-share military sector has shown strong performance, with defense stocks leading the market, driven by improved quarterly results and expectations of a clearer performance inflection point in the second quarter [8] - The aircraft industry chain is relatively stable, while the missile industry is experiencing significant revenue growth, indicating a potential new high prosperity cycle for the industry [8]