Group 1 - The company, Zhongtian Rocket, announced the early redemption of its "Tianjian Convertible Bonds" at a price of 100.81 yuan per bond [2] - The redemption registration date is set for March 5, 2026, with the actual redemption occurring on March 6, 2026 [2] - Trading of the bonds will cease on March 3, 2026, and conversion will stop on March 6, 2026, with any unconverted portion being forcibly redeemed and delisted [2]

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，不存在任 何虚假记载、误导性陈述或者重大遗漏。 特别提示： 1.可转债赎回条件满足日：2026 年 1 月 19 日 2.可转债赎回登记日：2026 年 3 月 5 日 3.可转债赎回日：2026 年 3 月 6 日 | | | 陕西中天火箭技术股份有限公司 关于提前赎回天箭转债的第十五次提示性公告 4.可转债赎回价格：100.81 元/张（含当期应计利息，当期年利率为 1.50%， 且当期利息含税）。扣税后的赎回价格以中国证券登记结算有限责任公司深圳分 公司（以下简称"中登公司"）核准的价格为准。 5.可转债停止交易日：2026 年 3 月 3 日 6.可转债停止转股日：2026 年 3 月 6 日 7.发行人赎回资金到账日（到达中登公司）：2026 年 3 月 11 日 8.投资者赎回款到账日：2026 年 3 月 13 日 9.赎回类别：全部赎回 10.最后一个交易日可转债简称：Z 箭转债 11.根据安排，截至 2026 年 3 月 5 日收市后仍未转股的"天箭转债"将按照 100.81 元/张的价格被强制赎回，本次赎回完成后，"天箭转债"将在深 ...

Group 1 - The core announcement from Zhongtian Rocket states that the "Tianjian Convertible Bonds" will be forcibly redeemed at a price of 100.81 yuan per bond after the market closes on March 5, 2026, if not converted by that date [2] - Following the redemption, the "Tianjian Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [2] - Holders of the "Tianjian Convertible Bonds" who have their bonds pledged or frozen are advised to lift these restrictions before the conversion deadline to avoid forced redemption due to inability to convert [2]

| | | 陕西中天火箭技术股份有限公司 关于提前赎回天箭转债的第十四次提示性公告 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，不存在任 何虚假记载、误导性陈述或者重大遗漏。 特别提示： 1.可转债赎回条件满足日：2026 年 1 月 19 日 6.可转债停止转股日：2026 年 3 月 6 日 7.发行人赎回资金到账日（到达中登公司）：2026 年 3 月 11 日 8.投资者赎回款到账日：2026 年 3 月 13 日 9.赎回类别：全部赎回 10.最后一个交易日可转债简称：Z 箭转债 11.根据安排，截至 2026 年 3 月 5 日收市后仍未转股的"天箭转债"将按照 100.81 元/张的价格被强制赎回，本次赎回完成后，"天箭转债"将在深圳证券 交易所（以下简称 "深交所"）摘牌。持有人持有的"天箭转债"存在被质押 或被冻结的，建议在停止转股日前解除质押或解除冻结，以免出现因无法转股而 被强制赎回的情形。 2.可转债赎回登记日：2026 年 3 月 5 日 3.可转债赎回日：2026 年 3 月 6 日 4.可转债赎回价格：100.81 元/张（含当期应计利息，当期年利率为 1.50%， ...

Core Viewpoint - The company, Shaanxi Zhongtian Rocket Technology Co., Ltd., has triggered the conditional redemption of its convertible bonds, "Tianjian Convertible Bonds," due to the stock price meeting specific criteria, leading to an early redemption scheduled for March 6, 2026 [4][11]. Group 1: Redemption Details - The redemption conditions for the convertible bonds are met as the company's stock price has been above 130% of the conversion price for at least 15 trading days within a 30-day period [4][11]. - The redemption price is set at 100.81 yuan per bond, which includes accrued interest at an annual rate of 1.50% [2][12]. - The bonds will stop trading on March 3, 2026, and the conversion will cease on March 6, 2026 [3][15]. Group 2: Bond Issuance and Trading - The company issued 4,950,000 convertible bonds on August 22, 2022, with a total value of 49.5 million yuan, and they began trading on September 19, 2022 [5][6]. - The initial conversion price was set at 53.11 yuan per share, which has been adjusted multiple times due to dividend distributions [6][7][8]. Group 3: Redemption Process - The redemption process includes a series of dates: the redemption registration date is March 5, 2026, and the funds will be credited to bondholders' accounts by March 13, 2026 [3][13][15]. - The company will issue daily announcements regarding the redemption until the redemption date [14]. Group 4: Shareholder Information - The company confirms that there have been no transactions of "Tianjian Convertible Bonds" by major shareholders or executives in the six months leading up to the redemption condition being met [16].

Group 1 - The core announcement from Zhongtian Rocket states that as of March 5, 2026, any unconverted "Tianjian Convertible Bonds" will be forcibly redeemed at a price of 100.81 yuan per bond [1] - Following the redemption, the "Tianjian Convertible Bonds" will be delisted from the Shenzhen Stock Exchange [1] - Holders of the "Tianjian Convertible Bonds" who have their bonds pledged or frozen are advised to解除质押 or解除冻结 before the conversion deadline to avoid forced redemption due to inability to convert [1]

| 证券代码：003009 | 证券简称：中天火箭 | 公告编号：2026-023 | | --- | --- | --- | | 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 关于提前赎回天箭转债的第十三次提示性公告 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，不存在任 何虚假记载、误导性陈述或者重大遗漏。 特别提示： 1.可转债赎回条件满足日：2026 年 1 月 19 日 2.可转债赎回登记日：2026 年 3 月 5 日 3.可转债赎回日：2026 年 3 月 6 日 4.可转债赎回价格：100.81 元/张（含当期应计利息，当期年利率为 1.50%， 且当期利息含税）。扣税后的赎回价格以中国证券登记结算有限责任公司深圳分 公司（以下简称"中登公司"）核准的价格为准。 5.可转债停止交易日：2026 年 3 月 3 日 6.可转债停止转股日：2026 年 3 月 6 日 8.投资者赎回款到账日：2026 年 3 月 13 日 9.赎回类别：全部赎回 10.最后一个交易日可转债简称：Z 箭转债 11.根据安排，截至 2026 年 3 月 5 日收市后 ...

Core Viewpoint - Ceramic Matrix Composites (CMC) exhibit excellent high-temperature performance and have broad applications in commercial aerospace, aviation, nuclear power, and automotive sectors, with significant market potential. China leads in brake and thermal protection for aircraft but lags in aviation engine applications [3][4]. Group 1: CMC Characteristics and Applications - CMC is defined as composites that incorporate reinforcing materials into a ceramic matrix, resulting in superior properties such as high-temperature resistance, low density, high specific strength, and oxidation resistance [4][15]. - SiCf/SiC composites are a research focus due to their enhanced oxidation resistance and longevity, making them ideal for high-temperature applications [4][21]. - In the aerospace sector, SiCf/SiC is recognized as an ideal material for the hot end of aviation engines, already in mass production for static components, with ongoing exploration for rotating parts [5][25]. - In nuclear energy, SiCf/SiC composites are considered ideal candidates for reactor cladding and control rods due to their high melting point and excellent neutron irradiation stability [5][44]. Group 2: Market Growth and Trends - 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 applications [6]. - The demand for CMC in China's aviation engine sector is expected to reach a turning point in 2024, driven by technological advancements and cost reductions [11][9]. Group 3: CMC Production and Industry Landscape - CMC production involves complex processes with high barriers to entry, including fiber preparation, preform weaving, interface layer preparation, matrix preparation, and densification [7][8]. - GE has established a vertically integrated CMC supply chain, producing 20 tons of CMC prepreg and 10 tons of SiC fibers annually, with a tenfold increase in CMC component production expected over the next decade [8][39]. - China's CMC industry is relatively complete, with advancements in the production of second-generation SiC fibers and ongoing development of third-generation fibers, although industrial-scale production remains a challenge [9][10]. Group 4: Investment Opportunities - The potential for growth in China's aviation engine sector for CMC is significant, with upstream raw material demand expected to increase as applications mature [11][9]. - As CMC manufacturing technologies improve and fiber costs decrease, midstream CMC component manufacturers are poised for rapid development [11].

Group 1 - The company, Zhongtian Rocket, announced the early redemption of its "Tianjian Convertible Bonds" at a price of 100.81 yuan per bond (including tax) [2] - The redemption conditions are set for January 19, 2026, with the registration date on March 5, 2026, and the redemption date on March 6, 2026 [2] - Any unconverted portion as of the market close on March 5 will be forcibly redeemed, with trading ceasing on March 3 and conversion stopping on March 6 [2]

Market Overview - The aerospace equipment sector experienced a decline of 0.73% on February 4, with Aerospace Hanyu leading the drop [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] Stock Performance - Key stocks in the aerospace equipment sector showed varied performance: - China Satellite (600118) closed at 97.50, up 3.34% with a trading volume of 970,800 shares and a transaction value of 9.301 billion [1] - LIGONG Navigation (688282) closed at 71.82, up 1.18% with a trading volume of 12,100 shares and a transaction value of 86.0145 million [1] - New Yuguo Science (300722) closed at 32.57, up 0.34% with a trading volume of 48,500 shares and a transaction value of 158 million [1] - Aerospace Hanyu (688523) closed at 62.77, down 3.27% with a trading volume of 110,400 shares and a transaction value of 711 million [1] Capital Flow - The aerospace equipment sector saw a net outflow of 654 million from institutional investors, while retail investors had a net inflow of 675 million [1] - Detailed capital flow for key stocks: - China Satellite had a net inflow of 676 million from institutional investors, while retail investors had a net outflow of 54.4 million [1] - Aerospace Hanyu experienced a net outflow of 21.92 million from institutional investors, with a net inflow of 23.27 million from retail investors [1] ETF Performance - Aerospace ETF (Product Code: 159227) tracked the National Aerospace Industry Index and saw a decline of 4.54% over the past five days, with a net subscription of 48.458 million [5] - General Aviation ETF (Product Code: 159230) tracked the National General Aviation Industry Index and declined by 5.96%, with a net subscription of 6.642 million [6]