| | | 陕西中天火箭技术股份有限公司 关于召开 2025 年第二次临时股东大会的通知公告 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、召开会议基本情况 （一）股东大会届次：2025 年第二次临时股东大会 （二）股东大会的召集人：公司董事会。2025 年 7 月 23 日公司召开第四届 董事会第二十二次会议，审议通过了《关于召开公司 2025 年第二次临时股东大 会的议案》。 （三）会议召开的合法、合规性：本次股东大会召开符合《公司法》《证券 法》《深圳证券交易所股票上市规则》《公司章程》等有关规定。 （四）会议召开的日期、时间 1.现场会议召开时间：2025 年 8 月 8 日下午 14:30 2.网络投票时间：2025 年 8 月 8 日。其中： （1）通过深圳证券交易所交易系统投票的时间为：2025 年 8 月 8 日 9:15-9:25、9:30-11:30、13:00-15:00； （2）通过深圳证券交易所互联网投票系统投票的时间为：2025 年 8 月 8 日 9:15-15:00 期间的任意时间。 （五）会议的召开方式：采取现场投票与网 ...

| 证券代码：003009 | 证券简称：中天火箭 | 公告编号：2025-043 | | --- | --- | --- | | 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 第四届董事会第二十二次会议决议公告 会议审议通过了如下议案： （一）《关于变更营业范围并修订公司章程的议案》 会议审议并通过了《关于变更营业范围并修订公司章程的议案》。具体详见 公司同日在《证券时报》、《中国证券报》及巨潮资讯网（www.cninfo.com.cn） 上刊登的《陕西中天火箭技术股份有限公司关于变更营业范围并修订公司章程的 公告》。 表决结果：同意 9 票；反对 0 票；弃权 0 票。 陕西中天火箭技术股份有限公司（以下简称"公司"）第四届董事会第二十 二次会议于 2025 年 7 月 17 日以电话、邮件、短信等方式通知公司全体董事。会 议于 2025 年 7 月 23 日在公司会议室以现场结合视频会议方式召开，会议由公司 董事长程皓召集并主持，会议应到董事 9 人，实到董事 9 人，公司监事及高管列 席了会议，本次会议的出席人数、召集、召开程序和议事内容均符合《中华人民 共和国 ...

| 证券代码：003009 | 证券简称：中天火箭 | 公告编号：2025-042 | | --- | --- | --- | | 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 2025 年半年度业绩预告更正公告 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 7 月 14 日披露的《陕西中天火箭技术股份有限公司 2025 年半年度业绩预告》（公告编 号：2025-041）。因工作人员疏忽，上述公告中的部分内容出现了错误，现予以 更正。本次更正不涉及对原公告的实质性的变更，具体如下： 更正前： | 项目 | 本报告期 | 上年同期 | | --- | --- | --- | | 归属于上市公司 | 盈利：350万元–450万元 | 盈利：2,048.15万元 | | 股东的净利润 | 比上年同期下降：78.03% - 82.91% | | | 扣除非经常性损 益后的净利润 | 盈利：90元–110万元 | 盈利：1,852.51万元 | | | 比上年同期 ...

[Correction Announcement for 2025 Semi-Annual Performance Forecast](index=1&type=section&id=2025%20%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%9B%B4%E6%AD%A3%E5%85%AC%E5%91%8A) This announcement corrects the 2025 semi-annual performance forecast issued by Shaanxi Zhongtian Rocket Technology Co., Ltd. due to staff oversight [Announcement Overview](index=1&type=section&id=%E5%85%AC%E5%91%8A%E6%A6%82%E8%BF%B0) Shaanxi Zhongtian Rocket Technology Co., Ltd. issued an announcement on July 15, 2025, correcting its semi-annual performance forecast from July 14, 2025, due to staff oversight, without substantive data changes - The company issued an announcement on July 15, 2025, correcting the semi-annual performance forecast released the previous day[2](index=2&type=chunk) - This correction was due to staff oversight and does not involve substantive changes to the original performance forecast data[2](index=2&type=chunk)[3](index=3&type=chunk) [Core Performance Forecast Data](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates a significant year-on-year decline in its 2025 first-half performance, with net profit attributable to shareholders and net profit after deducting non-recurring gains and losses both decreasing substantially 2025 Semi-Annual Performance Forecast | Item | Current Reporting Period (Jan 1 - Jun 30, 2025) | Prior Year Same Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | Profit: 3.50 million – 4.50 million yuan | Profit: 20.4815 million yuan | | | Year-on-year Decrease: 78.03% - 82.91% | | | **Net Profit After Deducting Non-recurring Gains and Losses** | Profit: 0.90 million – 1.10 million yuan | Profit: 18.5251 million yuan | | | Year-on-year Decrease: 94.06% - 95.14% | | | **Basic Earnings Per Share** | Profit: 0.0225 – 0.0290 yuan/share | Profit: 0.1318 yuan/share | [Correction Explanation and Apology](index=2&type=section&id=%E6%9B%B4%E6%AD%A3%E8%AF%B4%E6%98%8E%E4%B8%8E%E8%87%B4%E6%AD%89) The company apologizes for the error caused by work oversight and commits to strengthening internal review procedures to ensure accurate future information disclosure - The company expresses deep apologies to investors for the inconvenience caused by this correction[3](index=3&type=chunk) - The company states it will further strengthen the review and approval procedures for announcements to protect investor interests[3](index=3&type=chunk)

Core Viewpoint - The performance of low-altitude economy companies in the first half of 2025 shows mixed results, with 12 companies reporting profits and 12 companies experiencing losses [3][5]. Group 1: Performance Overview - As of July 14, 2025, 24 companies in the low-altitude economy index disclosed their performance forecasts, revealing a split between profitable and loss-making entities [3]. - Among the 24 companies, 12 reported profits while the other 12 faced losses [3]. - Four companies are expected to see profit increases of over 50%: Zongshen Power (001696.SZ), Longxin General (603766.SH), Huijia Times (603101.SH), and Changyuan Donggu (603950.SH) [6]. Group 2: Profit and Loss Analysis - Companies such as Aerospace Development (000547.SZ) and Aerospace Rainbow (002389.SZ) reported losses, with the latter citing delays in delivery due to user demand plans [8]. - Aerospace Power (600893.SH) and Aerospace Electric (002025.SZ) achieved profitability but saw a decline in net profit compared to the previous year [6]. - North Navigation (600435.SH) turned a profit, expecting a net profit of 105 million to 120 million yuan in the first half of 2025 [7]. Group 3: Industry Challenges - Many companies in the low-altitude economy sector, particularly those in the aviation industry and low-altitude mainframe manufacturers, reported losses [5][8]. - The losses were attributed to various factors, including market environment impacts, product transformation challenges, and increased operational costs [9]. - Despite ongoing losses, some companies like Chuan University Zhisheng (002253.SZ) are actively pursuing low-altitude economy projects, indicating a commitment to future growth [9].

Group 1: Business Operations - The company offers two commercial models for its UAV shadow business: equipment sales with pilot training and pay-per-use operational services to meet diverse needs [2] - The current state of the photovoltaic business is competitive, with product prices remaining low; however, the clean energy trend is expected to grow under the national "dual carbon" strategy [2] - The company has completed multiple vehicle bench tests and customer trials for its carbon-ceramic brake disc business, with production lines optimized to reduce unit costs [3] Group 2: Product Development and Market Position - The company is focusing on the development of small guided rockets, aiming for a series of products tailored to customer needs, with plans to enhance market expansion [3] - The annual production capacity for rain enhancement and hail suppression rockets is over 10,000 units, holding a market share exceeding 50%, maintaining the industry leader position [3] - The military products include sounding rockets, small guided rockets, target missiles, and solid rocket engine components, with a pricing model based on negotiation [3] Group 3: Future Outlook and Strategy - The company adopts a multi-segment development strategy to effectively respond to market challenges and enhance competitiveness [3] - There is confidence in the ability to adapt to future market changes and seize development opportunities [3]

Group 1 - The company expects a significant decline in net profit attributable to shareholders for the first half of 2025, estimated between 3.5 million to 4.5 million yuan, representing a decrease of 78.03% to 82.91% compared to the same period last year, where the profit was 20.4815 million yuan [1] - The net profit after deducting non-recurring gains and losses is projected to be between 900,000 to 1.1 million yuan, down 94.06% to 95.14% from 18.5251 million yuan in the previous year [1] - Basic earnings per share are expected to be between 0.0225 yuan to 0.0290 yuan, compared to 0.1318 yuan per share in the same period last year [1] Group 2 - The decline in profit is primarily attributed to intense competition in the carbon/carbon thermal material market, which has led to persistently low prices for the company's main products in the photovoltaic industry, significantly impacting revenue and profit [1] - Additionally, sales of the company's intelligent weighing systems and measurement control system integration products did not meet expectations, further affecting revenue and profit [2]

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company projects a significant year-over-year decline in its 2025 first-half performance, with both net profit attributable to shareholders and net profit excluding non-recurring items expected to decrease substantially Key Financial Data for 2025 Semi-Annual Performance Forecast | Item | Current Period (Jan 1 - Jun 30, 2025) | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | **Profit: RMB 3.5 million – RMB 4.5 million** | Profit: RMB 20.4815 million | | Year-over-Year Change | **Decrease: 78.03% - 82.91%** | - | | **Net Profit Excluding Non-Recurring Items** | **Profit: RMB 0.9 million – RMB 1.1 million** | Profit: RMB 18.5251 million | | Year-over-Year Change | **Decrease: 94.06% - 95.14%** | - | | **Basic Earnings Per Share** | **Profit: RMB 0.0225/share – RMB 0.0290/share** | Profit: RMB 0.1318/share | [Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) The company has pre-communicated its performance forecast with the accounting firm, finding no disagreements, though the data remains unaudited - The performance forecast data represents a **preliminary estimate** by the company's finance department and is **unaudited**, but the company has pre-communicated the forecast with its accounting firm, with **no disagreements** found[4](index=4&type=chunk) [Explanation of Performance Changes](index=2&type=section&id=III.%20Explanation%20of%20Performance%20Changes) The substantial decline in 2025 first-half net profit is primarily attributed to intensified market competition for carbon/carbon hot field materials and lower-than-expected sales of intelligent weighing and control systems - Due to **intensified industry competition**, prices for the company's primary carbon/carbon hot field materials used in the photovoltaic sector remain **persistently low**, significantly impacting both revenue and profit[5](index=5&type=chunk) - Sales of the company's intelligent weighing systems and measurement and control system integration products were **lower than expected**, impacting revenue and profit to some extent[5](index=5&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company cautions investors that this unaudited performance forecast is preliminary, with final financial data subject to the official 2025 semi-annual report, urging attention to investment risks - The company explicitly states that this performance forecast is a **preliminary estimate** and **unaudited**, with the **final data subject to the 2025 semi-annual report**, and **reminds investors to be aware of risks**[6](index=6&type=chunk)

Group 1: Company Overview - The company is the largest unit in the industry with a production capacity approval of 100,000 units for its human shadow business, issued by the Ministry of Industry and Information Technology [2][3] - The company is actively responding to the requirements of the State-owned Assets Supervision and Administration Commission to enhance the quality of the listed company [4] Group 2: Business Performance - The demand for small guided rocket products is influenced by international politics and regional stability, with no significant cyclicality in orders [3] - The human shadow business experienced a year-on-year decline in 2024 due to client adjustments for warehouse safety renovations, but is expected to stabilize by the end of the year [3] Group 3: Future Development - The company is developing its small guided rockets towards series and multi-platform options to support sustainable future growth [3] - The company is focusing on the research and application of integrated smart security technologies, targeting border patrol scenarios with automated monitoring systems [5] Group 4: Financial Management - The company has initiated a plan for market value management to ensure sustainable and healthy development [5] - Currently, there are no plans for refinancing [6]

Investment Rating - The report maintains a positive outlook on the defense and military industry, suggesting an "Overweight" rating, indicating that the industry is expected to outperform the overall market [4][29]. Core Insights - The defense and military sector is experiencing a significant upward cycle driven by domestic demand and military modernization efforts, particularly the transition to "mechanization + informationization" and the upcoming "intelligent + unmanned" era [5][6]. - The report highlights the increasing global military trade demand due to geopolitical changes, which is expected to create a strong resonance between supply and demand in China's military trade [5]. - The valuation of the military industry is projected to rise as the sector benefits from both domestic construction cycles and the reshaping of global military trade dynamics, leading to higher market recognition and valuation [5][14]. Market Review - Last week, the Shenwan Defense and Military Index rose by 1.36%, while the CSI Military Leaders Index increased by 1.3%. In comparison, the Shanghai Composite Index rose by 1.4%, and the CSI 300 Index increased by 1.54% [4][6]. - The report notes that the defense and military sector's performance ranked 13th among 31 Shenwan primary industry sectors [6]. - The top five performing stocks in the defense and military sector last week were: - Morningstar Aviation (24.21%) - China Ship Emergency (20.23%) - Xuanji Information (17.67%) - Rongfa Nuclear Power (17.02%) - Parker New Materials (12.24%) [6][13]. Valuation Changes - The current PE-TTM for the Shenwan military sector is 81.14, placing it in the upper range historically, with a valuation percentile of 70.36% since January 2014 and 99.24% since January 2019 [14][19]. - The report indicates a slight differentiation in valuations among sub-sectors, with aerospace and aviation equipment showing relatively high PE valuations since 2020 [14][19]. Key Valuation Targets - The report lists several key targets within the military sector, including: - High-end combat capabilities: AVIC Shenyang Aircraft, AVIC Chengdu Aircraft, Inner Mongolia First Machinery, and others. - New quality combat capabilities: Chengdu Huamei, Xindong Link, Aerospace Electronics, and others [5][21].