北京金诚同达律师事务所 关于 西安天和防务技术股份有限公司 2024 年度向特定对象发行股票 的 补充法律意见书（一） 金证法意[2025]字 1204 第 1021 号 北京市建国门外大街1号国贸大厦A座十层 100004 电话：010-5706 8585 传真：010-8515 0267 3-1 | 问题 | 1.10 | 关于关联交易 5 | | --- | --- | --- | | 问题 | 1.11 | 关于行政处罚及监管措施 9 | | 问题 | 1.12 | 关于在建工程 14 | | 问题 | 1.13 | 关于财务性投资 18 | | 问题 | 2.1 | 关于本次认购的下限 25 | | 问题 | 2.2 | 关于认购资金来源 26 | | 问题 | 2.3 | 关于资金缺口 39 | | 问题 | 2.4 | 关于君耀领航的承诺 47 | | 问题 | 2.5 | 关于发行对象的减持情况 51 | | 问题 | 2.6 | 关于项目延期 52 | | 问题 | 2.7 | 关于军工事项审查 59 | 北京金诚同达律师事务所 补充法律意见书（一） 北京金诚同达律师事务所 关于 西安天和防 ...

西部证券股份有限公司 关于 西安天和防务技术股份有限公司 向特定对象发行股票 之 上市保荐书 保荐机构（主承销商） （陕西省西安市新城区东新街319号8幢10000室） 上市保荐书 西部证券股份有限公司 关于西安天和防务技术股份有限公司 2024 年度向特定对象发行股票 之上市保荐书 深圳证券交易所: 西部证券股份有限公司（以下简称"西部证券""保荐机构"或"保荐人"） 接受西安天和防务技术股份有限公司（以下简称"天和防务""发行人"或"公 司"）的委托，担任天和防务本次创业板向特定对象发行股票（以下简称"本次 发行"）的保荐机构。西部证券及指定的保荐代表人翟晓东、薛冰已根据《中华 人民共和国公司法》（以下简称"《公司法》"）《中华人民共和国证券法》（以 下简称"《证券法》"）等法律法规和中国证监会及深圳证券交易所（以下简称 "深交所"）有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则和 行业自律规范出具上市保荐书，并保证所出具文件真实、准确、完整。 本上市保荐书中如无特别说明，相关用语具有与《西安天和防务技术股份有 限公司 2024 年度向特定对象发行股票募集说明书》中相同的含义。 一、发行人概况 ...

目 录 | 关于业务和经营情况…………………………………………第 | 1—150 | 页 | 一、 | | --- | --- | --- | --- | | 二、关于募投项目………………………………………………第 | 150—174 | 页 | | | 三、附件…………………………………………………………第 | 175—178 | 页 | | | （一）本所营业执照复印件…………………………………… | 第 | 175 | 页 | | （二）本所执业证书复印件…………………………………… | 第 | 176 | 页 | | （三）本所签字注册会计师执业证书复印件……………第 | 177—178 | 页 | | 关于西安天和防务技术股份有限公司 申请向特定对象发行股票审核问询函中 有关财务事项的说明 天健函〔2025〕2-236 号 深圳证券交易所： 由西安天和防务技术股份有限公司（以下简称天和防务公司或公司）转来的 《关于西安天和防务技术股份有限公司申请向特定对象发行股票的审核问询函》 （审核函〔2025〕020069 号，以下简称问询函）奉悉。我们已对问询函中需要 我们说明的财务事项进行了审慎核查，现汇报 ...

证券简称：天和防务 证券代码：300397 关于 西安天和防务技术股份有限公司 Xi'an Tianhe Defense Technology Co., Ltd. （注册地址：陕西省西安市高新区西部大道158号） 申请向特定对象发行股票 的审核问询函回复 保荐机构（主承销商） 保荐人（主承销商）：西部证券股份有限公司 （陕西省西安市新城区东新街 319 号 8 幢 10000 室） 二〇二五年十二月 深圳证券交易所： 贵所《关于西安天和防务技术股份有限公司申请向特定对象发行股票的审核 问询函》（审核函〔2025〕020069 号）（以下简称"问询函"）已收悉。西安 天和防务技术股份有限公司（以下简称"天和防务""发行人""申请人"或"公 司"）会同西部证券股份有限公司（以下简称"西部证券"或"保荐人"）、发 行人律师北京金诚同达律师事务所（以下简称"发行人律师"）、申报会计师天 健会计师事务所（特殊普通合伙）（以下简称"发行人会计师"）就问询函所提 问题逐条进行了认真分析及讨论，针对问询函中的问题进行了核查，对问询函中 所有提到的问题逐项予以落实并进行了书面说明，同时按照要求对《西安天和防 务技术股份有限公司 ...

证券代码：300397 证券简称：天和防务 公告编号：2025-071 西安天和防务技术股份有限公司 近日，公司与招商银行股份有限公司深圳分行（以下简称"招商银行"） 签订了《最高额不可撤销担保书》，为全资子公司深圳市华扬通信技术有限公 司（以下简称"华扬通信"）与招商银行签订的《授信协议》提供连带责任保 证担保，最高担保金额为人民币3,000万元。 1 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司 自律监管指引第2号——创业板上市公司规范运作》及《公司章程》等规定，上 述担保金额在年度预计担保额度内，无需再次提交公司董事会或股东会审议。 本次提供担保前，公司为华扬通信提供的担保余额为7,588.75万元。截至本公告 披露日，上述借款尚未放款。本次提供担保后，公司对华扬通信担保余额为 7,588.75万元。 三、被担保人基本情况 1.名称：深圳市华扬通信技术有限公司 关于为全资子公司提供担保的进展公告 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、担保情况概述 西安天和防务技术股份有限公司（以下简称"公司"）于2025年4月23日召 ...

（文章来源：证券日报） 证券日报网讯 12月2日，天和防务在互动平台回答投资者提问时表示，截至2025年11月28日，天和防务 股东总户数为67195户。 ...

Core Insights - The military electronics sector experienced a rise of 2.08% on November 28, with Hongda Electronics leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Funding Flow Analysis - The military electronics sector saw a net inflow of 1.754 billion yuan from main funds, while retail investors experienced a net outflow of 1.034 billion yuan [2] - Key stocks in the military electronics sector showed varied funding flows, with Aerospace Development receiving a net inflow of 933 million yuan, representing 18.04% of the main fund's total [2] - Other notable stocks include: - Leike Defense with a net inflow of 334 million yuan (16.50%) - Aiguang Technology with a net inflow of 239 million yuan (11.63%) - Qiyi with a net inflow of 156 million yuan (20.45%) [2]

Core Viewpoint - Tianhe Defense's stock price has shown a significant increase this year, with a year-to-date rise of 26.48%, despite recent fluctuations in trading performance [1][2]. Financial Performance - For the period from January to September 2025, Tianhe Defense reported a revenue of 267 million yuan, reflecting a year-on-year decrease of 3.36% [2]. - The company experienced a net loss attributable to shareholders of 82.9 million yuan, which is a 30% decline compared to the previous year [2]. Stock Market Activity - As of November 28, Tianhe Defense's stock price was 13.90 yuan per share, with a trading volume of 1.01 billion yuan and a turnover rate of 1.82%, resulting in a total market capitalization of 7.195 billion yuan [1]. - The stock saw a net inflow of 2.1601 million yuan from main funds, with significant buying activity from large orders [1]. Shareholder Information - As of November 20, the number of shareholders for Tianhe Defense increased to 65,200, marking a rise of 15.95% from the previous period [2]. - The average number of tradable shares per shareholder decreased by 13.75% to 6,203 shares [2]. Dividend History - Since its A-share listing, Tianhe Defense has distributed a total of 33.12 million yuan in dividends, with no dividends paid in the last three years [3]. Institutional Holdings - As of September 30, 2025, Hong Kong Central Clearing Limited was the fourth-largest shareholder, increasing its holdings by 2.1929 million shares [3]. - The General Aviation ETF ranked as the eighth-largest shareholder, with an increase of 179,900 shares [3].

Group 1 - The A-share market has seen a pullback in military stocks, with notable declines in several companies [1] - Jianglong Shipbuilding (300589) experienced a drop of 9.03%, while Kangda New Materials (002669) fell by over 5% [2] - Other companies such as Tianhai Defense (300008) and China Shipbuilding Han Guang also saw declines exceeding 4% [1][2] Group 2 - The total market capitalization of Jianglong Shipbuilding is 9.242 billion, with a year-to-date increase of 96.67% [2] - Kangda New Materials has a market cap of 4.238 billion and a year-to-date increase of 45.07% [2] - Tianhai Defense has a market cap of 15.2 billion and a year-to-date increase of 87.61% [2]

Core Insights - The low-altitude economy sector experienced a 2.67% increase on November 24, with Zhaobiao Co. leading the gains [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] Low-Altitude Economy Sector Performance - Zhaobiao Co. (301136) saw a closing price of 16.32, with a significant increase of 20.00% and a trading volume of 197,700 shares, amounting to a transaction value of 315 million [1] - Feiwo Technology (301232) closed at 58.15, up 11.46%, with a trading volume of 97,100 shares and a transaction value of 551 million [1] - Aerospace Changfeng (600855) closed at 16.68, up 10.03%, with a trading volume of 469,300 shares and a transaction value of 767 million [1] - Leike Defense (002413) closed at 6.37, up 10.02%, with a trading volume of 1,221,600 shares and a transaction value of 765 million [1] - Aerospace Development (000547) closed at 13.64, up 10.00%, with a trading volume of 5,338,600 shares and a transaction value of 6.81 billion [1] - Huajian Group (600629) closed at 21.67, up 10.00%, with a trading volume of 580,600 shares and a transaction value of 1.24 billion [1] - Tianhe Defense (300397) closed at 15.12, up 9.57%, with a trading volume of 956,800 shares and a transaction value of 1.40 billion [1] - Hangxin Technology (300424) closed at 17.10, up 9.27%, with a trading volume of 268,500 shares and a transaction value of 449 million [1] - Holley Technology (688682) closed at 33.86, up 8.94%, with a trading volume of 36,000 shares and a transaction value of 119 million [1] - Aerospace Nanhu (688552) closed at 35.17, up 8.55%, with a trading volume of 68,500 shares and a transaction value of 237 million [1] Capital Flow Analysis - The low-altitude economy sector saw a net inflow of 2.483 billion in main funds, while retail funds experienced a net outflow of 645 million [2][3] - The main funds' net inflow for Aerospace Development (000547) was 439 million, while retail funds saw a net outflow of 182 million [3] - Leike Defense (002413) had a main fund net inflow of 331 million, with a significant retail fund outflow of 184 million [3] - Huajian Group (600629) recorded a main fund net inflow of 291 million, while retail funds had a net outflow of 126 million [3] - Aerospace Changfeng (600855) experienced a main fund net inflow of 223 million, with retail funds seeing a net outflow of 105 million [3]