证券代码：300424 证券简称：航新科技 公告编号：2025-099 广州航新航空科技股份有限公司 第六届董事会第十次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完 整，没有虚假记载、误导性陈述或重大遗漏。 一、 董事会会议召开情况 经广州航新航空科技股份有限公司（以下简称"公司"）董事长 王磊先生召集，并于本次会议召开前3日以专人送达、传真或电子邮 件形式向全体董事发出会议通知，公司第六届董事会第十次会议于 2025年10月29日在公司会议室以现场及通讯的方式召开。应当出席本 次会议的董事7人，实际出席本次会议的董事7人（无代为出席会议并 行使表决权），董事田慧颖女士与独立董事柴广先生以通讯形式出席 本次会议，监事及高级管理人员列席了本次会议。会议由董事长王磊 先生主持，会议的召集、召开程序符合《中华人民共和国公司法》等 法律、行政法规、规范性文件以及《公司章程》的规定。 二、 董事会会议审议情况 经与会董事表决，本次会议审议通过了以下议案： 1. 审议通过了《关于2025年第三季度报告的议案》 公司严格按照相关法律、行政法规和中国证监会的规定，编制了 2025 年第三季度报告全文， ...

证券代码：300424 证券简称：航新科技 公告编号：2025-107 债券代码：123061 债券简称：航新转债 广州航新航空科技股份有限公司 关于筹划控制权变更事项进展暨继续停牌的公告 1 维护投资者利益，避免公司股价异常波动，根据《深圳证券交易所上 市公司自律监管指引第6号--停复牌》、《深圳证券交易所上市公司自 律监管指引第15号--可转换公司债券》等相关规定，经公司向深圳证 券交易所申请，公司股票（股票简称：航新科技，股票代码：300424） 及可转换公司债券（债券简称：航新转债，债券代码：123061）自2025 年10月30日（星期四）开市起继续停牌，预计停牌时间不超过3个交 易日。停牌期间，公司可转换公司债券"航新转债"将暂停转股。 停牌期间，公司将根据事项进展情况，严格按照有关法律法规的 规定和要求履行信息披露义务。待相关事项确定后，公司将及时发布 相关公告并申请复牌。 公司指定的信息披露媒体为《证券时报》《中国证券报》《证券 日报》《上海证券报》及巨潮资讯网（www.cninfo.com.cn），公司所 有信息均以在前述指定媒体上披露的公告为准。因该事项存在不确定 性，敬请广大投资者理性投 ...

Group 1 - The company's Q3 revenue reached 478 million yuan, representing a year-on-year increase of 6.53% [1] - The net profit for Q3 was 951,700 yuan, showing a significant decline of 67.26% [1] - For the first three quarters, the total revenue amounted to 1.415 billion yuan, with a year-on-year growth of 2.77% [1] Group 2 - The net profit for the first three quarters was 17.6244 million yuan, which is a decrease of 7.31% compared to the previous year [1]

Revenue and Profitability - The company's revenue for Q3 2025 reached ¥478,370,818.87, representing a 6.53% increase year-over-year[5] - Net profit attributable to shareholders decreased by 67.26% to ¥951,652.16, while the net profit after deducting non-recurring gains and losses was -¥294,991.80, a 94.75% increase compared to the same period last year[5] - The company's net profit margin improved, with net profit attributable to the parent company increasing to ¥146,924,046.97 from ¥129,299,615.56, representing a growth of approximately 13.7%[20] - Net profit attributable to shareholders decreased to ¥17,624,431.41 from ¥19,013,577.40, a decline of about 7.31%[24] - Total comprehensive income rose to ¥46,588,965.18 compared to ¥26,134,122.81, marking an increase of approximately 78.66%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,564,401,519.83, an increase of 8.83% from the end of the previous year[5] - Total liabilities increased to ¥1,740,289,584.67 from ¥1,579,392,109.17, an increase of approximately 10.2%[20] - The company's equity attributable to shareholders rose to ¥790,132,895.59 from ¥752,291,995.33, indicating an increase of about 5%[20] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥30,872,036.50, a significant decline of 217.04% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of ¥30,872,036.50, a significant decrease from a net inflow of ¥26,376,450.64 in the previous period[25] - The net cash flow from financing activities was positive at ¥36,974,597.89, contrasting with a negative net cash flow of ¥117,766,360.48 in the previous period[26] - The company reported cash inflow from financing activities of ¥464,247,554.34, up from ¥246,346,276.51, indicating an increase of approximately 88.59%[26] Inventory and Receivables - Inventory levels rose significantly to ¥649,403,203.27, an increase of 33.00% year-over-year, driven by substantial inventory accumulation in asset management[10] - Accounts receivable increased to ¥720,598,040.33 from ¥648,410,721.54, indicating a rise of approximately 11.1%[19] - The company reported a 224.18% increase in other receivables, totaling ¥21,983,089.94, primarily due to increased transaction guarantees and inter-company balances[10] Expenses and Income - The company increased its research and development expenditure by 107.57%, reaching ¥13,512,809.12, indicating a focus on innovation[10] - Research and development expenses were reported at ¥50,279,132.54, down from ¥58,311,650.90, a decrease of approximately 13.5%[23] - Tax and additional fees increased by 32.66% year-on-year to ¥4,341,175.79, primarily due to an increase in turnover tax[13] - Interest income decreased by 44.04% year-on-year to ¥523,172.42, attributed to reduced financial support from related enterprises[13] - Other income fell by 74.45% year-on-year to ¥4,753,091.35, mainly due to a decrease in tax refund receipts during the reporting period[13] - Investment income decreased by 93.67% year-on-year to ¥799,368.36, significantly impacted by confirmed investment losses from overseas affiliated companies[13] - The company reported a 168.17% year-on-year increase in income tax expenses to ¥1,716,963.08, driven by an increase in taxable income[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,059[16] - The largest shareholder, Guangzhou Hengmao Venture Capital Partnership, holds 14.96% of shares, amounting to 36,705,964 shares, with 9,500,000 shares pledged[16] Financial Reporting - The company did not conduct an audit for the third quarter financial report[27]

Core Viewpoint - The company announced a suspension of its stock trading due to a planned change in control, which may lead to a change in the controlling shareholder and actual controller [1] Group 1 - The stock will be suspended from trading starting October 28, 2025, and the suspension is expected to last no more than two trading days [1] - The resumption date will be announced based on the progress of the matter [1] - During the suspension period, the company's convertible bonds "航新转债" will also pause conversion [1]

Focus Events - Spot gold has fallen below $4000 per ounce, down 3.15% to $3981.98 per ounce, with COMEX gold futures down 3.40% to $3997.00 per ounce. The cumulative decline since the high of $4381.484 per ounce on October 20 exceeds 5% [1] Regulatory Developments - The China Securities Regulatory Commission (CSRC) released 23 practical measures to enhance the protection of small and medium investors in the capital market, focusing on investor protection during the IPO and delisting processes, and promoting a diversified dispute resolution mechanism [2] - CSRC Chairman Wu Qing announced plans to introduce a refinancing framework to broaden support channels for mergers and acquisitions, urging listed companies to improve governance and increase shareholder returns through dividends and buybacks [6] - The CSRC issued a new plan to optimize the Qualified Foreign Institutional Investor (QFII) system, providing equal treatment for foreign public funds and domestic public funds regarding short-term trading [8] Industry Dynamics - The automotive industry reported a profit margin of 4.5% for the first nine months of 2025, with production reaching 24.05 million units, a year-on-year increase of 11%. Revenue was 782.35 billion yuan, up 7.8%, while costs rose by 8.6% to 688.67 billion yuan [10][11] - Domestic gasoline and diesel prices were reduced due to falling international oil prices, with a decrease of 265 yuan per ton for gasoline and 255 yuan per ton for diesel, translating to a reduction of approximately 0.21 to 0.22 yuan per liter [12] Company News - Reader Media announced that its two former chairmen are subject to administrative regulatory measures due to insufficient independence in decision-making processes [4] - Xibu Mining won the exploration rights for a large copper-gold mine in Anhui province for 8.609 billion yuan, with confirmed copper ore reserves of 121.803 million tons [14] - Xuchang Electric plans to accept a 122.3 million yuan entrusted loan from its controlling shareholder at an interest rate of 2.3% for three years [15] - Qianwei Central Kitchen reported a 4.27% year-on-year increase in third-quarter revenue, totaling approximately 4.92 billion yuan, with a net profit of 53.775 million yuan [16] - North Rare Earth reported a 280% year-on-year increase in net profit for the first three quarters, driven by increased sales volume and higher product prices [19][20] - The company Yihui Lithium Energy set a preliminary transfer price of 72.20 yuan per share, reflecting a 6.1% discount from the closing price [25]

Core Viewpoint - The company,航新科技, is undergoing a potential change in control as its major shareholder, 广州恒贸创业投资合伙企业, is planning to alter the company's control structure, which may lead to a change in the controlling shareholder and actual controller [1] Summary by Relevant Sections - **Shareholder Change** The major shareholder is in the process of planning a change in control, which could result in a new controlling shareholder and actual controller for the company [1] - **Stock and Bond Suspension** The company's stock and convertible bonds will be suspended from trading starting October 28, 2025, with the suspension expected to last no more than two trading days. During this suspension period, the convertible bonds "航新转债" will also halt conversion [1]

Core Viewpoint - After three years of ownership, both performance and stock price of Hangxin Technology have stagnated, prompting the second actual controller to consider divesting [1] Company Performance - Hangxin Technology's major business includes the development, testing, and maintenance of airborne equipment, with maintenance services accounting for approximately 80% of revenue [1] - The company has experienced a decline in performance since its IPO, with the net profit dropping from 61.89 million yuan in 2015 to 50.67 million yuan in 2019, representing a decrease of 13.24% in the first year [2][5] - In 2020, the company reported a significant loss of 327 million yuan, marking its first annual loss since going public, alongside a decline in revenue to 1.224 billion yuan, down 18.13% year-on-year [6] Shareholder Changes - Guangzhou Hengmao, the current controlling shareholder, is planning to transfer control of Hangxin Technology, which may lead to a change in the actual controller [1][4] - The original founding team began to divest their shares after the company faced financial difficulties, culminating in a transfer of shares to Guangzhou Hengmao in September 2022 [6] Stock Performance - Hangxin Technology's stock has not seen significant growth over the past three years, although there was a notable increase of nearly 11% on October 27, 2025, just before the stock was suspended [9] - The company's latest market capitalization is approximately 4.95 billion yuan [9] Financial Metrics - In 2022, the company's non-net profit was only over 10 million yuan, which decreased to less than 5 million yuan in 2023, and it reported a loss of 117 million yuan in 2024 [10] - For the first half of 2025, revenue growth was less than 1%, with a non-net profit of 16.02 million yuan [10]

Core Viewpoint - The controlling shareholder of Hangxin Technology is planning to transfer the company's control, which may lead to a change in the actual controller after three years of poor performance in both revenue and stock price [1][4]. Group 1: Company Performance - Hangxin Technology's revenue and net profit have not improved since the acquisition by Guangzhou Hengmao in September 2022, with net profit declining further [4][9]. - The company primarily engages in the research and development of airborne equipment, with maintenance services accounting for about 80% of its revenue [4]. - The company's total revenue in 2020 was 1.224 billion yuan, a decrease of 18.13% year-on-year, resulting in a net loss of 327 million yuan [5][9]. - In 2022, the company's non-net profit was only over 10 million yuan, dropping to less than 5 million yuan in 2023, and reporting a loss of 117 million yuan in 2024 [9][10]. Group 2: Financial Indicators - The total revenue for Hangxin Technology in 2024 was 1.703 billion yuan, with a year-on-year growth of 7.87% [10]. - The company's net profit for 2024 was -95.38 million yuan, indicating a significant decline compared to previous years [10]. - The non-net profit for 2024 was -117.3 million yuan, showing a drastic decrease from the previous year's figures [10]. Group 3: Stock Performance - Hangxin Technology's stock has not seen significant growth over the past three years, with a recent surge of nearly 11% on October 27, 2025, before the trading suspension [4][10]. - The company's latest market capitalization is 4.95 billion yuan [10].

Core Viewpoint - The company, Hangxin Technology (300424.SZ), is undergoing a potential change in control as its major shareholder, Guangzhou Hengmao Venture Capital Partnership (Limited Partnership), is planning to alter the company's control structure [1] Summary by Sections - **Control Change** - The major shareholder is in the process of planning a change in the company's control, which may result in a change of the controlling shareholder and actual controller [1] - **Stock and Bond Suspension** - The company has applied to the Shenzhen Stock Exchange for a suspension of its stock (Hangxin Technology, stock code: 300424) and convertible bonds (Hangxin Convertible Bonds, bond code: 123061) starting from October 28, 2025 [1] - The expected duration of the suspension is no more than two trading days [1] - During the suspension period, the convertible bonds will also halt their conversion into shares [1]