Core Viewpoint - Beimo High-Tech has experienced a decline in stock price over four consecutive trading days, with a cumulative drop of -2.91% [1] Company Overview - Beijing Beimo High-Tech Material Co., Ltd. is a specialized manufacturer of brake systems for civil and military aircraft, as well as ground equipment, and is recognized as a national high-tech enterprise [1] - The company is a designated research and production unit for the equipment development department of the Central Military Commission of the People's Liberation Army [1] Financial Performance - The report indicates that the Fuguo Fund's Fuguo Zhongzheng Military Industry Leader ETF has increased its holdings in Beimo High-Tech, ranking among the top ten shareholders [1] - The ETF has achieved a year-to-date return of 17.06%, ranking 830 out of 3421 in its category [2] Fund Management - The fund managers for the Fuguo Zhongzheng Military Industry Leader ETF are Wang Lele and Niu Zhidong [4] - Wang Lele has over ten years of experience in the investment industry and has held various positions within Fuguo Fund since 2015 [5][6] - Niu Zhidong has also been with Fuguo Fund since 2010, serving in multiple roles related to quantitative investment [6][8] Fund Performance Metrics - The ETF has shown a performance increase of 1.18% over the past week, 7.68% over the past month, and 18.28% over the past three months [2] - The year-to-date performance of the ETF is 17.06%, which is significantly higher than the average of its peers at 12.66% [2]

Group 1 - The stock price of Beimo Gaoke as of July 30, 2025, closed at 30.42 yuan, down 1.55% from the previous trading day, with a trading volume of 275 million yuan [1] - Beimo Gaoke's main business includes the research, development, production, and sales of aircraft brake systems and related products, covering aerospace and low-altitude economy sectors [1] - The company has indicated that developing civil aviation business is a key strategic direction for the future, planning to expand into international markets through its subsidiary, Saini Aviation [1] Group 2 - Beimo Gaoke has entered the supply chain systems of Air China and China Southern Airlines, actively promoting the application of new materials across various fields [1] - On July 30, the net outflow of main funds for Beimo Gaoke was 24.14 million yuan [1]

Company Performance - As of July 30, 2025, Beijng Beimo High-Tech Co., Ltd. (002985) closed at 30.42 CNY, down 1.55% with a turnover rate of 4.54% and a trading volume of 89,900 lots, amounting to 275 million CNY [1] - The latest quarterly report shows total revenue of 262 million CNY, a year-on-year increase of 9.27%, while net profit attributable to shareholders decreased by 26.72% to 53.8 million CNY [1] - The company's current ratio is 2.548, quick ratio is 1.779, and debt-to-asset ratio is 33.28% [1] Capital Flow - On the day of reporting, the main capital saw a net outflow of 24.14 million CNY, accounting for 8.76% of the total transaction amount [1] - Large orders experienced a net outflow of 16.68 million CNY, representing 6.05% of the transaction amount, while small orders had a net inflow of 25.81 million CNY, making up 9.37% of the total [1] Company Background - Beijing Beimo High-Tech Co., Ltd. was established in 2003 and is located in Beijing, primarily engaged in the manufacturing of materials for railways, ships, aerospace, and other transportation equipment [2] - The company has made investments in 9 enterprises and participated in 9 bidding projects, holding 1 trademark and 109 patents, along with 34 administrative licenses [2]

证券日报网讯 北摩高科7月30日在互动平台回答投资者提问时表示，6月，应海外用户邀请，公司新老 管理层带队参加巴黎航展。航展期间，公司分别与美国波音公司、巴西航空工业公司、法国赛峰集团、 德国利勃海尔集团等国际航空巨头相关领导进行了富有成效的交流洽谈，各项工作正在顺利推进中。具 体进展请关注公司后续公告。 （编辑 袁冠琳） ...

Core Viewpoint - The company, Beimo Gaoke (002985), is the only domestic enterprise capable of providing a full industry chain solution for landing gear systems, focusing on independent control in the braking field [1] Group 1: Company Developments - The company has entered the supply chain systems of China National Aviation (CNA) and China Southern Airlines (CSA) [1] - The subsidiary, Shaanxi Lantai, has also entered the supply chain of CNA [1] - Another subsidiary, Shanghai Kaiben, has become a component maintenance provider for CSA [1] Group 2: Future Outlook - The company encourages stakeholders to pay attention to future announcements regarding its civil aviation business progress [1]

证券日报网讯北摩高科（002985）7月30日在互动平台回答投资者提问时表示，公司没有从事半固态电 池的研发。 ...

格隆汇7月30日丨北摩高科(002985.SZ)在互动平台表示，公司没有从事半固态电池的研发。 ...

公司回答表示：尊敬的投资者，感谢您的关注与支持。公司正在积极拓展新材料和特种材料在各领域的 应用。 金融界7月30日消息，有投资者在互动平台向北摩高科提问：贵公司领导请问北摩高科有新材料特种材 料这方面的业务布局吗？ ...

Market Overview - The aviation equipment sector increased by 1.71% on July 29, with Hangfa Technology leading the gains [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Stock Performance - Hangfa Technology (600391) closed at 32.03, up 9.99% with a trading volume of 361,600 shares and a transaction value of 1.102 billion [1] - Hangya Technology (688510) closed at 25.86, up 8.66% with a trading volume of 157,400 shares [1] - Zongheng Co. (688070) closed at 59.88, up 6.62% with a trading volume of 48,000 shares [1] - Chengxi Aviation (300581) closed at 22.86, up 6.08% with a trading volume of 988,700 shares and a transaction value of 2.213 billion [1] - Hangyu Technology (688239) closed at 39.87, up 5.87% with a trading volume of 63,900 shares [1] - Other notable stocks include Zhonghang Shenfei (600760) at 66.14, up 3.38%, and Feilai (300395) at 83.04, up 2.86% [1] Capital Flow - The aviation equipment sector saw a net inflow of 239 million in main funds, while retail investors experienced a net outflow of 197 million [2][3] - Major stocks like Zhonghang Shenfei (600760) had a net inflow of 334 million, while Hangfa Technology (600391) saw a net outflow of 101 million from retail investors [3]

Core Viewpoint - Ceramic matrix composites (CMCs) exhibit excellent high-temperature performance and have broad applications in aerospace, nuclear power, and automotive industries, with significant market potential. China leads in brake and thermal protection for aircraft but lags in aerospace engine applications. The demand for CMCs in China's aerospace industry may reach a turning point in 2024, driven by advancements in production technology and cost reductions [2][12]. Group 1: CMC Characteristics and Applications - CMCs are defined as composites that incorporate reinforcing materials into a ceramic matrix, resulting in superior properties such as high-temperature resistance, low density, and high strength [3][19]. - SiCf/SiC composites are a research focus due to their excellent oxidation resistance and longevity, making them ideal for aerospace engine applications [4][26]. - CMCs are increasingly recognized as strategic materials for next-generation aerospace engines, capable of withstanding temperatures significantly higher than traditional nickel-based superalloys [29][33]. Group 2: Market Growth and Demand - The global CMC market was valued at $11.9 billion in 2022 and is projected to grow at a CAGR of 10.5%, reaching $21.6 billion by 2028, with the highest market share in defense and aerospace sectors [5]. - The demand for CMCs in the aerospace sector is expected to surge, particularly for components like combustion chambers and turbine blades, as countries strive for higher engine efficiency and reduced emissions [32][40]. Group 3: CMC Production and Industry Landscape - The production of CMCs involves complex processes with high barriers to entry, including fiber preparation, preform weaving, interface layer preparation, and matrix densification [6][7]. - General Electric (GE) has established a vertically integrated CMC supply chain, significantly increasing production capacity and demonstrating successful applications in various engine components [6][40][41]. - China's CMC industry has developed a relatively complete supply chain, with advancements in silicon carbide fiber production and CMC applications, particularly in brake materials for aircraft [8][10][11]. Group 4: Future Investment Opportunities - The anticipated turning point in demand for CMCs in China's aerospace industry presents substantial growth potential for related companies, especially as production technologies improve and costs decrease [12][8]. - As the application of SiCf/SiC composites matures, upstream raw material demand will increase, leading to potential rapid growth for midstream CMC component manufacturers [12][10].