股票代码：003009 股票简称：中天火箭 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 公开发行可转换公司债券 第七次临时受托管理事务报告 （2025 年度） 债券受托管理人 二〇二五年十月 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。 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。 1 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 ...

Core Viewpoint - Zhongtian Rocket, established in 2002 and listed in 2020, is a leading player in the small solid rocket sector in China, backed by the Aerospace Science and Technology Corporation, indicating its long-term growth potential and unique market position [1] Group 1: Business Performance - In Q3 2025, Zhongtian Rocket reported revenue of 444 million yuan, ranking 4th in the industry, while the net profit was -29.38 million yuan, placing it 8th [2] - The industry leader, Aerospace Electronics, achieved revenue of 8.835 billion yuan, while the average revenue in the sector was 1.899 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, Zhongtian Rocket's debt-to-asset ratio was 46.51%, higher than the industry average of 31.57% [3] - The gross profit margin for Q3 2025 was 19.00%, below the industry average of 27.92% [3] Group 3: Executive Compensation - The chairman, Cheng Haoxin, received a salary of 795,300 yuan in 2024, a decrease of 46,100 yuan from 2023 [4] - The general manager, Li Huainian, had a salary of 960,200 yuan in 2024, an increase of 136,500 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 3.50% to 27,900, while the average number of shares held per shareholder increased by 3.63% to 5,568.3 [5] - The company faced performance pressure in Q3 2025, but its core business in small solid rocket technology maintained a leading market share [5] Group 5: Market Outlook - Zhongtian Rocket is recognized as a leader in the small solid rocket sector, with growth expected from both civilian and military applications, including micro UAVs and rain enhancement rockets [6] - Forecasted net profits for 2025 to 2027 are 16 million yuan, 69 million yuan, and 140 million yuan, respectively [5][6]

Core Viewpoint - The aerospace equipment sector experienced a decline of 0.41% on October 30, with significant losses in individual stocks, particularly in the case of Ligong Navigation, which fell by 11.39% [1] Market Performance - The Shanghai Composite Index closed at 3986.9, down 0.73% - The Shenzhen Component Index closed at 13532.13, down 1.16% [1] Individual Stock Performance - China Satellite (600118) saw a closing price of 44.55, with an increase of 4.82% and a trading volume of 1.1121 million shares, totaling 487.6 million yuan - China Satcom (601698) closed at 22.22, down 0.40%, with a trading volume of 760,700 shares, totaling 1.699 billion yuan - Newyu Guoke (300722) closed at 32.30, down 1.34%, with a trading volume of 70,400 shares, totaling 22.8 million yuan - StarNet Yuda (002829) closed at 27.32, down 2.22%, with a trading volume of 160,200 shares, totaling 443 million yuan - Aerospace Huayu (688523) closed at 25.11, down 2.75%, with a trading volume of 105,500 shares, totaling 267 million yuan - Zhongtian Rocket (003009) closed at 54.79, down 3.35%, with a trading volume of 76,300 shares, totaling 421 million yuan - Aerospace Electronics (600879) closed at 11.29, down 4.48%, with a trading volume of 1.385 million shares, totaling 1.567 billion yuan - Ligong Navigation (688282) closed at 53.07, down 11.39%, with a trading volume of 30,400 shares, totaling 16.8 million yuan [1] Capital Flow Analysis - The aerospace equipment sector saw a net inflow of 40.7829 million yuan from institutional investors, while retail investors experienced a net outflow of 160 million yuan - The overall net inflow from speculative funds was 119 million yuan [1] Detailed Capital Flow for Individual Stocks - China Satellite (600118) had a net inflow of over 354 million yuan from institutional investors, while retail investors had a net outflow of 391 million yuan - Ligong Navigation (688282) experienced a net inflow of 499,150 yuan from institutional investors, but a net outflow of 1.54314 million yuan from speculative funds - Newyu Guoke (300722) had a net outflow of 22.4605 million yuan from institutional investors, but a net inflow of 26.0948 million yuan from retail investors - Aerospace Huayu (688523) saw a net outflow of 30.4828 million yuan from institutional investors, with a net inflow of 15.3996 million yuan from speculative funds - StarNet Yuda (002829) had a net outflow of 35.3566 million yuan from institutional investors, but a net inflow of 54.9708 million yuan from retail investors - Zhongtian Rocket (003009) experienced a net outflow of 39.3143 million yuan from institutional investors, with a net inflow of 26.8697 million yuan from retail investors - China Satcom (601698) had a net outflow of 40.9137 million yuan from institutional investors, but a net inflow of 62.1140 million yuan from speculative funds - Aerospace Electronics (600879) saw a net outflow of 150 million yuan from institutional investors, with a net inflow of 30.7196 million yuan from speculative funds [2]

| | | 陕西中天火箭技术股份有限公司 根据相关规定，公司可转债"天箭转债"将于本次权益分派股权登记日后的第一 个交易日（即 2025 年 10 月 31 日）恢复转股，敬请公司可转债持有人留意。 特此公告。 关于"天箭转债"恢复转股的提示性公告 陕西中天火箭技术股份有限公司董事会 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。 3.暂停转股时间：2025 年 10 月 23 日起至 2025 年 10 月 30 日 4.恢复转股时间：2025 年 10 月 31 日 陕西中天火箭技术股份有限公司（以下简称"公司"）因实施 2025 年半年度权益 分派（以下简称"本次权益分派"），根据《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》相关约定，公司可转换公司债券（债券简称：天箭转债； 债券代码：127071）（以下简称"可转债"）自 2025 年 10 月 23 日起至本次权益分派 股权登记日（即 2025 年 10 月 30 日）暂停转股。（具体详见公司 2025 年 10 月 17 日 在《证券时报》《中国证券报》及巨潮资讯网披露的《陕西 ...

Core Viewpoint - The aerospace equipment sector experienced a 2.67% increase on October 29, with China Satellite leading the gains, while the overall market indices also showed positive performance [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4016.33, up 0.7% - The Shenzhen Component Index closed at 13691.38, up 1.95% [1] Group 2: Individual Stock Performance - China Satellite (600118) closed at 42.50, up 5.64% with a trading volume of 927,800 shares and a turnover of 3.934 billion - Zhongtian Rocket (003009) closed at 56.69, up 4.13% with a trading volume of 117,500 shares and a turnover of 654 million - Xingwang Yuda (002829) closed at 27.94, up 3.25% with a trading volume of 217,700 shares and a turnover of 607 million - Zhongyuan Wantong (601698) closed at 22.31, up 2.01% with a trading volume of 694,300 shares and a turnover of 1.552 billion - Ligong Navigation (688282) closed at 59.89, up 1.59% with a trading volume of 13,100 shares and a turnover of 78.0448 million - Aerospace Electronics (600879) closed at 11.82, up 0.94% with a trading volume of 779,900 shares and a turnover of 924 million - Aerospace Huaiyu (688523) closed at 25.82, up 0.70% with a trading volume of 101,400 shares and a turnover of 26.1 million - Xinhui Guoke (300722) closed at 32.74, up 0.68% with a trading volume of 92,800 shares and a turnover of 302 million [1] Group 3: Fund Flow Analysis - The aerospace equipment sector saw a net outflow of 17.0682 million from institutional investors and a net outflow of 78.4159 million from retail investors, while there was a net inflow of 95.4841 million from individual investors [1] - China Satellite (601698) had a net outflow of 1.90 million from institutional investors, with retail investors contributing a net inflow of 2.48 million [2] - Zhongtian Rocket (003009) experienced a net inflow of 31.6454 million from institutional investors, while retail investors had a net outflow of 2.77732 million [2]

Core Insights - The aerospace equipment sector experienced a slight increase of 0.21% on October 28, with LIGONG Navigation leading the gains [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Stock Performance - LIGONG Navigation (688282) closed at 58.95, up 4.15% with a trading volume of 19,700 lots and a transaction value of 114 million [1] - Aerospace Huayu (688523) closed at 25.64, up 3.64% with a trading volume of 162,900 lots and a transaction value of 421 million [1] - Xinyu Guoke (300722) closed at 32.52, up 2.81% with a trading volume of 128,800 lots and a transaction value of 420 million [1] - StarNet Yuda (002829) closed at 27.06, up 1.16% with a trading volume of 222,400 lots and a transaction value of 605 million [1] - China Satellite (600118) closed at 40.23, down 0.42% with a trading volume of 767,100 lots and a transaction value of 3.112 billion [1] Capital Flow - The aerospace equipment sector saw a net outflow of 232 million from institutional investors and 49.48 million from retail investors, while retail investors had a net inflow of 282 million [1] - New Yuguoke (300722) had a net inflow of 29.54 million from institutional investors, while retail investors experienced a net outflow of 49.00 million [2] - LIGONG Navigation (688282) had a net inflow of 15.49 million from institutional investors, with a net outflow of 17.36 million from retail investors [2] - China Satellite (600118) had a significant net inflow of 211 million from retail investors despite a net outflow of 18.30 million from institutional investors [2]

Financial Performance - In the first three quarters of 2025, the company reported operating revenue of 444 million yuan, a year-on-year decrease of 30.95% [1][2] - The net profit attributable to shareholders was -29.38 million yuan, compared to a profit of 17.19 million yuan in the same period last year, representing a decline of 270.98% [1][2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -35.58 million yuan, down 330.09% from 15.46 million yuan in the previous year [1][2] - The net cash flow from operating activities was -45.82 million yuan [1][2] Previous Year Comparison - In 2024, the company achieved operating revenue of 925 million yuan, a year-on-year decline of 21.64% [2] - The net profit attributable to shareholders for 2024 was 19.57 million yuan, down 79.62% from the previous year [2] - The net profit after deducting non-recurring gains and losses for 2024 was 12.27 million yuan, a decrease of 86.22% [2] - The net cash flow from operating activities in 2024 was 60.63 million yuan, an increase of 7.77% [2] Fundraising and Use of Proceeds - The company was listed on the Shenzhen Stock Exchange on September 25, 2020, raising a total of 503 million yuan, with a net amount of 446 million yuan after deducting issuance costs [3] - The raised funds were allocated to various projects, including 140 million yuan for dual-use rocket production capacity and 110 million yuan for high-temperature special materials production line [3] - The company also issued convertible bonds totaling 495 million yuan, with a net amount of approximately 485 million yuan after deducting issuance expenses [4][5]

陕西中天火箭技术股份有限公司关于持股 5%以上股东及 其一致行动人持股比例变动触及 1%整数倍的公告 | | | 是否为第一大股东或实际控制人 是□ 否☑ 2．本次权益变动情况 股份种类（A 股、B 股等） 减持股数（万股） 减持比例（%） A 股 1,064,378 0.68% 合 计 1,064,378 0.68% 本次权益变动方式（可多选） 通过证券交易所的集中交易 ☑ 通过证券交易所的大宗交易 □ 其他 □（请注明） 本次增持股份的资金来源（可 多选） 自有资金 □ 银行贷款 □ 其他金融机构借款 □ 股东投资款 □ 其他 □（请注明） 不涉及资金来源 ☑ 3．本次变动前后，投资者及其一致行动人拥有上市公司权益的股份情况 股份性质 本次变动前持有股份 本次变动后持有股份 股数(万 股) 占总股本比 例(%) 股数(万 股) 占总股本比 例(%) 合计持有股份 98,679,233 63.50% 97,614,855 62.82% 其中：无限售条件股份 98,679,233 63.50% 97,614,855 62.82% 有限售条件股份 - - - - 4．承诺、计划等履行情况 本次变动是否为履行已作 ...

Core Viewpoint - Zhongtian Rocket (003009) reported that as of October 20, 2025, the number of shareholders (including margin trading accounts) is 27,221 [1] Summary by Category - **Company Information** - Zhongtian Rocket has a total of 27,221 shareholders as of the specified date [1]

Core Insights - The aerospace equipment sector experienced a 1.44% increase on October 27, with Zhongtian Rocket leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Sector Performance - Zhongtian Rocket (003009) closed at 54.92, up 4.23% with a trading volume of 148,300 shares and a transaction value of 800 million [1] - China Satellite (600118) closed at 40.40, up 3.27% with a trading volume of 1,251,600 shares and a transaction value of 503.5 million [1] - Aerospace Electronics (600879) closed at 11.72, up 1.82% with a trading volume of 1,030,800 shares and a transaction value of 1.201 billion [1] - Other notable performances include China (601698) at 21.83, up 0.55%, and XWUD (002829) at 26.75, down 0.34% [1] Capital Flow - The aerospace equipment sector saw a net outflow of 546 million from institutional investors, while retail investors contributed a net inflow of 440 million [1] - The detailed capital flow for individual stocks shows that Zhongtian Rocket had a net outflow of 4.5231 million from institutional investors but a net inflow of 48.4148 million from retail investors [2] - Other stocks like Newyu Guoke (300722) and Aerospace Electronics (600879) also experienced varying levels of net inflow and outflow from different investor categories [2]