Group 1 - The core point of the article highlights the significant rise in military stocks, particularly the surge in Zhongtian Rocket, which reached its daily limit [1] - Other companies in the aerospace sector also experienced notable gains, including Hangfa Technology, Zongheng Co., and Aerospace Hongtu, which all increased by over 5% [1] - Additional companies such as Xinyu Guoke, Guanglian Aviation, Hangfa Control, Guangwei Composite Materials, and Hangfa Power also saw upward movement in their stock prices [1]

| 证券代码：003009 | 证券简称：中天火箭 | 公告编号：2025-031 | | --- | --- | --- | | 债券代码：127071 | 债券简称：天箭转债 | | 陕西中天火箭技术股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 陕西中天火箭技术股份有限公司（以下简称"公司"）于 2025 年 5 月 9 日 召开了 2025 年第一次临时股东大会，审议通过了《关于补选公司非独立董事的 议案》，于 2025 年 5 月 15 日召开了第四届董事会第二十次会议，审议通过了《关 于选举公司董事长的议案》，具体内容详见公司披露于《证券时报》《中国证券 报》及巨潮资讯网（www.cninfo.com.cn）上的相关公告。 法定代表人：程皓 营业期限：长期 经营范围：一般项目：森林防火服务；化工产品生产(不含许可类化工产品)； 一、工商登记变更情况 公司已于近日完成公司董事长及法定代表人的变更登记工作，并于 2025 年 5 月 28 日收到了西安市市场监督管理局换发的《营业执照》，相关登记信 ...

Group 1: Military Product Business - The company's military product orders have not shown significant cyclicality, with a year-on-year growth in the small solid rocket business as reported in the 2024 annual report [2] - The gross profit margin for military products increased significantly in 2022, primarily due to a higher proportion of high-margin guided rocket launch control systems sold during that year [2] - The company maintains a market share of over 50% in the artificial weather modification business, consistently holding the industry lead [3] Group 2: Subsidiary Performance - The low profit of the subsidiary, Supercode Technology, is attributed to intensified competition in the photovoltaic industry, leading to a decline in product prices and gross profit margins [4] - The subsidiary Sanwo Electromechanical has faced declining sales due to changes in national highway truck weight charging policies, prompting a shift towards "non-site enforcement" products, which are still in the market development phase [4] Group 3: Product Development and Market Feedback - The company is one of the first in China to develop small guided rockets weighing less than 20kg, with positive customer feedback regarding product quality and performance in counter-terrorism and anti-armor scenarios [5] - A series of small guided rockets have been developed and launched into the market, achieving economic benefits [5] Group 4: Financial Instruments and Corporate Strategy - Currently, the company has no plans to adjust the conversion price of its convertible bonds, with future decisions to be based on operational needs [6] - There are no ongoing plans for mergers or acquisitions [7] - The Sanwo Electromechanical division is undergoing a market transformation in response to policy changes, focusing on promoting "non-site enforcement" projects nationwide [8]

| 证券代码：003009 | 证券简称：中天火箭 | 公告编号：2025-030 | | --- | --- | --- | | 债券代码：127071 | 债券简称：天箭转债 | | 陕西中天火箭技术股份有限公司 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 2.网络直播地址：深圳证券交易所"互动易"平台（https://irm.cninfo. com.cn） 3.会议召开方式：现场交流、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。 陕西中天火箭技术股份有限公司（以下简称"公司"）于 2025 年 3 月 25 日 披露了《2024 年年度报告》。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 ...

Group 1: Financial Performance and Risks - The company's accounts receivable for 2024 amounted to 526 million, with a bad debt risk considered low due to strict accounting standards for bad debt provisions [9] - The asset-liability ratio for 2024 increased by 5 percentage points to 58%, while the interest-bearing debt ratio remains low [3] - The company reported a 2024 revenue decline, primarily due to the oversupply in the photovoltaic industry and intensified competition in the carbon/carbon thermal field [12] Group 2: Customer Concentration and Revenue Sources - Revenue from core customers, such as the China Meteorological Administration, accounted for over 75% in 2024, with the top five customers representing 55.34% of total accounts receivable [2] - The fastest-growing business segment in 2024 was the military small solid rocket business, with a revenue increase of 50.43% due to new product launches [7] Group 3: Research and Development - R&D investment for 2024 increased by 18% to 120 million, with an R&D expense ratio of 7.51% [5] - The company is focusing on balancing the development of reusable rocket technology and existing product iterations [5] Group 4: Market Strategy and Brand Influence - The company plans to enhance brand influence through participation in industry exhibitions and the use of virtual reality technology for product demonstrations [4] - Efforts are being made to explore applications in artificial weather modification and expand into international markets, particularly under the Belt and Road Initiative [2] Group 5: ESG and Corporate Governance - The company actively implements ESG management principles, with a dedicated ESG working group overseeing related initiatives [8] - In dividend policy formulation, the company considers not only profitability but also future development strategies and shareholder demands [8]

信用等级通知书 东方金诚债跟踪评字【2025】0013 号 陕西中天火箭技术股份有限公司： 东方金诚国际信用评估有限公司根据跟踪评级安排对贵公司及"天 箭转债"的信用状况进行了跟踪评级，经信用评级委员会评定，此 次跟踪评级维持贵公司主体信用等级为 AA，评级展望为稳定，同 时维持"天箭转债"的信用等级为 AA+。 东方金诚国际信用评估有限公司 信评委主任签字 二〇二五年五月二十日 东方金诚债跟踪评字【2025】0013 号 信用评级报告声明 为正确理解和使用东方金诚国际信用评估有限公司（以下简称"东方金诚"）出具的信用评级 报告（以下简称"本报告"），本公司声明如下： 1.本次评级为委托评级，东方金诚与受评对象不存在任何影响本次评级行为独立、客观、公正 的关联关系，本次项目评级人员与评级对象之间亦不存在任何影响本次评级行为独立、客观、 公正的关联关系。 2.本次评级中，东方金诚及其评级人员遵照相关法律、法规及监管部门相关要求，充分履行了 勤勉尽责和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 3.本评级报告的结论，是按照东方金诚的评级流程及评级标准做出的独立判断，未受评级对象 和第三方组织或 ...

Group 1 - The commercial space industry refers to the market-driven provision of space products and services, including rocket launches, satellite applications, and space tourism [1][4] - In 2024, China conducted 68 rocket launches with a success rate of 97%, leading to a commercial space market size of approximately 713.32 billion yuan [1][6] - The commercial remote sensing satellite sector is identified as a strategic emerging industry that drives economic growth and enhances daily applications [1][6] Group 2 - The commercial space industry is supported by national policies, which have led to a rapid increase in commercial launch activities and market expansion [4][10] - The market size of China's commercial space industry is projected to grow from 658.22 billion yuan in 2023 to approximately 781.04 billion yuan in 2025 [6][22] - The industry is characterized by a diverse competitive landscape, with a mix of state-owned and private enterprises participating in the market [13][15] Group 3 - The industry value chain includes upstream activities such as rocket and satellite development, midstream services like commercial launch and satellite operation, and downstream applications in various sectors [8][18] - Key policies have been introduced to encourage private investment in the commercial space sector, enhancing its growth potential [10][12] - Major players in the industry include state-owned enterprises like China Aerospace Science and Technology Corporation and private companies such as Zhongtian Rocket and Blue Arrow Aerospace [16][20] Group 4 - The future of the commercial space industry is expected to focus on technological innovation, cost reduction, and efficiency improvements, with an emphasis on modular satellite design and reusable rocket technology [22][24] - The integration of advanced technologies such as AI, big data, and cloud computing is anticipated to transform the space information industry [22] - The commercial space industry is poised for significant development opportunities, potentially reaching maturity by the end of the 14th Five-Year Plan or during the 16th Five-Year Plan [1][22]

这几只票暗盘资金正在偷偷流入，立即查看>> 军工装备板块短线走低，利君股份（002651）跌停，航天彩虹（002389）、中天火箭（003009）、海兰 信（300065）、晨曦航空（300581）、新余国科（300722）等跟跌。 ...

本报告不构成对投资者进行或不进行某项行为的推荐意见,投资者应对相关 事宜做出独立判断,而不应将本报告中的任何内容据以作为中金公司所作的承诺 或声明。在任何情况下,投资者依据本报告所进行的任何作为或不作为,中金公 司不承担任何责任。 l 股票代码:003009 债券代码:127071 股票简称:中天火箭 债券简称: 天箭转债 陕西中天火箭技术股份有限公司 公开发行可转换公司债券 第三次临时受托管理事务报告 (2025年度) 债券受托管理人 二〇二五年五月 重要声明 本报告依据《公司债券发行与交易管理办法》《关于陕西中天火箭技术股份 有限公司公开发行可转换公司债券之债券受托管理协议》（以下简称"《受托管 理协议》")《陕西中天火箭技术股份有限公司公开发行可转换公司债券募集说 明书》〈以下简称"《募集说明书》"）等相关规定，由本次债券受托管理人中国 国际金融股份有限公司（以下简称"中金公司"）编制。中金公司编制本报告的内 容及信息均来源于陕西中天火箭技术股份有限公司提供的资料或说明。 中金公司作为陕西中天火箭技术股份有限公司（以下简称"中天火箭"、"发 行人"、或"公司"）公开发行可转换公司债券(债券简称:"天箭转 ...

General Provisions - The internal audit management regulations aim to strengthen the internal audit work of Shaanxi Zhongtian Rocket Technology Co., Ltd., enhance the supervisory role of internal audits, and provide reliable information for management decisions [1][2] - Internal audit is defined as the evaluation activities conducted by the internal audit department or personnel to assess the effectiveness of internal controls, the authenticity and completeness of financial information, and the legality and compliance of significant business activities [1][2] Internal Audit Department and Personnel - The company establishes an internal audit department (referred to as "Audit Department") under the leadership of the Audit Committee, responsible for reporting to the Audit Committee and independently exercising internal audit supervision [2] - The Audit Department must be staffed with personnel suitable for the company's audit tasks, and the head of the department must be a full-time position nominated by the Audit Committee and appointed by the Board of Directors [2][3] - Audit personnel are required to adhere to principles of objectivity, integrity, and confidentiality, and must not accept gifts or benefits from audited departments [2][3] Responsibilities and Authority of Internal Audit - The Audit Department is responsible for evaluating the completeness and effectiveness of internal control systems across the company and its subsidiaries, auditing financial and economic data for legality and compliance, and assisting in establishing anti-fraud mechanisms [3][4] - The Audit Department has the authority to request relevant documents, examine various financial records, conduct investigations, and propose corrective actions for any identified issues [4][5] Internal Audit Procedures and Requirements - The internal audit process includes determining audit priorities, notifying audited departments, collecting evidence, drafting audit reports, and ensuring compliance with audit recommendations [5][6] - The Audit Department must submit an annual audit work plan and report to the Audit Committee, covering significant transactions and compliance with financial reporting and disclosure requirements [6][7] Accountability and Protection of Audit Personnel - The company is committed to protecting audit personnel from retaliation and ensuring that any misconduct by audited units is addressed appropriately [9][10] - Serious violations of internal control and management practices may lead to disciplinary actions against responsible personnel [9][10]