陕西中天火箭技术股份有限公司 2025 年半年度报告全文 陕西中天火箭技术股份有限公司 2025 年半年度报告 2025-052 2025 年 8 月 22 日 1 陕西中天火箭技术股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人程皓、主管会计工作负责人张晓东及会计机构负责人(会计主 管人员)王效益声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 公司在本报告第三节"管理层讨论与分析"之"十、公司面临的风险和应 对措施"部分，对可能面临的风险进行详细描述，敬请投资者注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以 155,393,819 股为基 数，向全体股东每 10 股派发现金红利 0.19 元（含税），送红股 0 股（含 税），不以公积金转增股本。 2 | | W | | --- | --- | | | . A | | 第一节 重要提示、目录和释义 2 | ...

证券之星消息，8月20日航天装备板块较上一交易日上涨2.27%，中天火箭领涨。当日上证指数报收于 3766.21，上涨1.04%。深证成指报收于11926.74，上涨0.89%。航天装备板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 003009 | 中天火箭 | 59.76 | 9.99% | 12.17万 | 6.96 | | 300722 | 新余国科 | 39.87 | 4.29% | 22.31万 | 8.82 Z | | 600879 | 航天电子 | 11.14 | 2.11% | 151.63万 | 16.84亿 | | 600118 | 中国卫星 | 29.75 | 1.74% | - 30.99万 | 9.22亿 | | 601698 | 中国 通 | 20.81 | 1.66% | 52.69万 | 10.93 亿 | | 688282 | 理工导航 | 49.13 | 1.40% | 4027.12 | 1968.69万 | | 688523 | 航 ...

Group 1 - The upcoming military parade on September 3 will showcase a new generation of weaponry, marking the first major display of China's modernized military capabilities [6][7][9] - The parade will feature over a hundred types of domestically produced main battle equipment, including advanced technologies such as hypersonic weapons, air defense systems, and strategic missiles [9][11][10] - The military industry has seen a resurgence, with the sector experiencing a cumulative increase of over 35% since April, driven by geopolitical tensions and technological advancements [13][15] Group 2 - The stock market reacted positively to the news of the parade, with significant short-term gains in aerospace, satellite navigation, and military stocks, although some stocks retreated after initial highs [2][3] - Notable stock performances include Zhongtian Rocket, which achieved a 9.99% increase, and Yunnan Zhiye, which also saw a 9.99% rise, among others [4][5] - Historical data indicates that major military parades typically catalyze military stock performance, with significant gains observed in the months leading up to such events [17]

Group 1 - The Science and Technology Innovation 50 Index rose over 3%, reaching a new high for the year, driven by a collective surge in chip stocks [1] - Companies such as Jimin Health, Hanzhong Precision Machinery, and Kesen Technology have seen consecutive trading gains, with Jimin Health achieving a five-day streak [1] - The AI server market is dominated by Inspur Information, which holds over 50% market share in China and has reported a 64.39% year-on-year increase in net profit for the first quarter [1] Group 2 - The domestic leading companies are making significant advancements, with Nvidia reportedly developing an AI chip specifically for the Chinese market [3] - Companies like Fullchai Power and Yuanlin Co. have also seen consecutive trading gains, indicating strong market performance [3] - The company Guangxin Technology is a leader in optical modules and has partnered with Cisco to launch a 1.6T silicon optical module [3] Group 3 - The domestic automotive sector is witnessing significant developments, with China FAW planning to acquire approximately 10% of Leap Motor [6] - Companies like Mould Technology and Shentong Express are also making strides, with Mould Technology providing components for new energy vehicles [6] - The automotive thermal management sector is led by companies like Hanzhong Precision Machinery, which specializes in compressors and refrigeration products [8] Group 4 - The pharmaceutical industry is seeing a surge in domestic innovative drugs going global, with Tianmu Pharmaceutical being the first listed company in traditional Chinese medicine [7] - Companies like Huahai Pharmaceutical are advancing in the development of innovative drugs, with over 20 projects currently in research [7] - The automotive passive safety system sector is represented by companies like Songyuan Safety, which reported a 30.85% year-on-year increase in net profit [7]

Core Viewpoint - Zhongtian Rocket (003009.SZ) has indicated that its products, specifically the ablation-resistant components, are utilized in commercial aerospace applications [1] Company Summary - Zhongtian Rocket's products are designed for the commercial aerospace sector, highlighting the company's involvement in this growing industry [1]

Market Overview - The A-share market experienced fluctuations with the ChiNext index leading the decline, and the half-day trading volume was 1.51 trillion, down 135 billion from the previous trading day [1] - The Shanghai Composite Index fell by 0.06%, the Shenzhen Component Index by 0.66%, and the ChiNext Index by 1.71% [1] - Overall, the market is entering a high-level consolidation phase, with diminishing marginal positive factors, and the focus is expected to return to performance as the mid-year report disclosure period approaches [1][6] Sector Performance Military Industry - Military stocks saw a strong rally, with companies like Zhongtian Rocket and Chengfei Integration hitting the daily limit [2] - The military sector is expected to be catalyzed by upcoming military parades, with ground equipment performing particularly well this year [2] Consumer Electronics - The AI smartphone and AI glasses sectors showed strength, with Kosen Technology achieving four consecutive daily limits [3] - Reports indicate that Apple’s iPhone 17 has entered mass production, prompting increased hiring at Foxconn's Zhengzhou plant to prepare for capacity ramp-up [3] Institutional Insights Guotai Junan - The firm maintains a bullish outlook on the Chinese stock market, predicting new highs for A-share indices [4] - It emphasizes the importance of institutional changes in the Chinese market, which can significantly influence stock valuations [4] China Galaxy - The firm notes a clear trend of accelerated entry of investors into the market, with a shift of household wealth towards financial assets [5] - It anticipates active market conditions with potential rotations around AI industry chains, "anti-involution," and non-bank financial sectors [5] Dongfang Securities - The firm highlights that the market is gradually entering a high-level consolidation area, with a focus on defensive strategies as the mid-year report disclosure period approaches [6][7]

Group 1: Aerospace and Defense Sector - Zhongtian Rocket experienced a limit-up increase of 9.99%, with other companies like Zhong Wuyunji, AVIC Chengfei, and Aero Engine Corporation of China also seeing significant gains [1][2] - The overall performance of the aerospace and defense sector is strong, indicating positive market sentiment towards military equipment stocks [1] Group 2: Alcohol Industry - Jiugui Liquor reached a limit-up increase of 10.00%, while other companies such as Shede Liquor and Shui Jing Fang also saw notable gains [4][5] - The rebound in the liquor sector suggests a recovery in consumer demand and investor confidence in alcohol stocks [4] Group 3: Solar Energy Sector - Yamaton and Huamin Co. both hit the limit-up mark, increasing by 10.01% and 9.49% respectively, with several other solar energy stocks also performing well [5][6] - The solar energy sector is showing resilience and growth potential amidst broader market fluctuations [6] Group 4: Market Overview - The Shanghai Composite Index opened lower, down 0.28%, while the ChiNext Index fell by 1.14%, indicating a challenging market environment for many sectors [8][9] - The overall market sentiment is mixed, with certain sectors like solar energy and alcohol showing strength while others, particularly in AI hardware, are experiencing declines [8][9]

A股市场军工股拉升，其中，中天火箭涨近9%，苏轴股份、东方精工、富吉瑞、钢研高纳、襄阳轴 承、通易航天、恒宇信通、建设工业、富士达、西部材料、晨曦航空、航发科技等跟涨。 消息面上，国务院新闻办公室正在举行新闻发布会，介绍阅兵准备工作有关情况。相关负责人介绍：空 中梯队，按照模块化、体系化编组，由先进的预警指挥机、歼击机、轰炸机、运输机等组成，基本涵盖 了我军现役主战机型，很多是大家关注的明星装备，有的还是首次公开亮相，充分展示我军空中作战力 量的跨越式发展。相关负责人还称，这次参阅的武器装备，都是从国产现役主战装备中遴选，首次亮相 的新型装备占比很大。责任编辑：栎树 ...

Group 1 - Military stocks experienced a surge on August 20, with Zhongtian Rocket hitting the daily limit up [1] - AVIC Chengfei rose over 5%, indicating strong market interest in defense-related companies [1] - Other companies such as Hengyu Xintong, Chenxi Aviation, Beifang Changlong, Zhong Wulian, Hangfa Technology, and Aerospace Electronics also saw gains [1]

Group 1 - The A-share market saw a surge in military stocks, with Zhongtian Rocket rising nearly 9%, and other companies like Suzhou Axis, Dongfang Precision, and Fuge Rui also experiencing gains [1] - The State Council Information Office held a press conference to discuss preparations for a military parade, highlighting the modular and systematic composition of the aerial team, which includes advanced early warning command aircraft, fighter jets, bombers, and transport aircraft [1] - The showcased military equipment consists of domestically produced active main battle equipment, with a significant proportion of new models making their debut [1]