证券代码：300581 证券简称：晨曦航空 公告编号：2025-072 西安晨曦航空科技股份有限公司 关于公司及相关人员收到陕西证监局 行政监管措施决定书的公告 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 一、《决定书》内容 西安晨曦航空科技股份有限公司，吴星宇、刘蓉： 经查，你公司存在以下问题： 一、收入确认存在跨期情形 你公司 2024 年三季报对个别客户收入确认存在跨期情形，导致公司 2024 年三季报相关数据披露不准确，不符合《企业会计准则第 14 号——收入》第十 三条的规定。 二、应收票据未计提信用减值损失 你公司 2023 年度应收票据未计提信用减值损失，导致公司 2023 年报相关数 据披露不准确，不符合《企业会计准则第 22 号——金融工具确认和计量》第四 十八条的规定，反映出你公司应收票据信用减值损失相关的具体会计政策不明确。 上述事项违反了《上市公司信息披露管理办法》（证监会令第 182 号，以下 简称《办法》）第三条第一款的规定。根据《办法》第五十一条第三款规定，你 公司董事长兼总经理吴星宇、时任财务负责人刘蓉对上述违规事项负有主要责任。 根据《上市公司现场检查规则》（证监 ...

Group 1 - The aviation engine sector is experiencing a rise, with significant stock price increases observed [1] - Antai Technology has reached its daily limit increase, indicating strong market interest [1] - Other companies such as Zhongchao Holdings, Chaojie Co., Morningstar Aviation, Parker New Materials, Huawu Co., Chengfei Integration, and Hangxin Technology have also seen stock price increases [1]

从资金流向上来看，当日航空装备板块主力资金净流出7.37亿元，游资资金净流入1.66亿元，散户资金 净流入5.71亿元。航空装备板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 证券之星消息，12月11日航空装备板块较上一交易日下跌0.13%，晨曦航空领跌。当日上证指数报收于 3873.32，下跌0.7%。深证成指报收于13147.39，下跌1.27%。航空装备板块个股涨跌见下表： ...

（文章来源：证券日报） 证券日报网讯 12月3日，晨曦航空在互动平台回答投资者提问时表示，截至2025年11月28日公司股东户 数约74000户。 ...

证券日报网讯 12月3日，晨曦航空在互动平台回答投资者提问时表示，公司经营正常，请关注公司后续 相关公告。 （文章来源：证券日报） ...

Investment Rating - The report maintains a "Positive" outlook on the defense and military industry, indicating an expectation of strong performance relative to the overall market [3][23]. Core Insights - The report anticipates accelerated task deliveries in Q4, leading to improved performance compared to previous quarters. The upcoming orders during the "14th Five-Year Plan" period are expected to be a catalyst for investment [3]. - Geopolitical uncertainties are driving increased demand for consumable military equipment and military trade, presenting significant investment opportunities. The global military trade market has shown a notable expansion in potential demand for Chinese military equipment, particularly in the Middle East and Asia [3]. - The report suggests a focus on new main battle equipment, consumable weapons, military trade, and military intelligence as key investment areas [3]. - The military industry is entering a new cycle of quality improvement and growth, as outlined in the "14th Five-Year Plan" [3]. - The report highlights a significant recovery in performance expected in Q4, with military orders experiencing a pulse-like growth since Q1 of this year [3]. Market Review - Last week, the Shenwan Defense and Military Industry Index rose by 2.85%, while the CSI Military Leaders Index increased by 1.52%. In comparison, the Shanghai Composite Index rose by 1.4%, and the CSI 300 Index increased by 1.64%. The Shenwan Defense and Military Industry Index underperformed the ChiNext Index but outperformed the CSI 300 and Shanghai Composite Index [4][10]. - The average increase in the CSI Civil-Military Integration Index was 4.97%, indicating strong performance in this segment [4]. - The top five performing stocks in the defense and military sector last week were: - Saiwei Electronics (44.85%) - TeFa Information (34.07%) - Leike Defense (32.3%) - Aerospace Power (32.22%) - Zhongtian Rocket (21.6%) [10]. - Conversely, the bottom five performing stocks were: - Beihua Co. (-11.59%) - Guorui Technology (-4.84%) - Yaxing Anchor Chain (-3.56%) - Chenxi Aviation (-3.2%) - Aileda (-2.71%) [11]. Valuation Changes - The current PE-TTM for the Shenwan Military Industry Index is 77.60, placing it in the upper range historically, with a valuation percentile of 65.76% since January 2014 and 92.45% since January 2019. The aerospace and aviation equipment sectors are noted to be at relatively high valuation levels since 2020 [12][16].

Core Viewpoint - The aviation equipment sector experienced a decline of 1.92% on November 26, with Morningstar Aviation leading the drop, while the overall market showed mixed results with the Shanghai Composite Index down 0.15% and the Shenzhen Component Index up 1.02% [1][2]. Market Performance - The aviation equipment sector's performance was highlighted by individual stock movements, with notable declines in stocks such as Morningstar Aviation, which fell by 11.35% to a closing price of 17.42 [2]. - The sector's trading volume and turnover were significant, with stocks like Guangqi Technology and Feiliwa showing positive movements, while others like ST Lian Shi and Hangfa Power experienced slight declines [1][2]. Capital Flow - The aviation equipment sector saw a net outflow of 999 million yuan from institutional investors, while retail investors contributed a net inflow of 524 million yuan [2][3]. - Specific stocks like Feiliwa and ST Lian Shi had varying capital flows, with Feiliwa experiencing a net outflow from institutional investors of 35.02 million yuan [3].

Core Viewpoint - The A-share market showed mixed performance on November 26, with the Shanghai Composite Index declining by 0.15%, while the Shenzhen Component Index and the ChiNext Index increased by 1.02% and 2.14%, respectively [3][4]. Market Performance - The Shanghai Composite Index closed at 3864.18, down by 5.84 points or 0.15% [4]. - The Shenzhen Component Index closed at 12907.83, up by 130.52 points or 1.02% [4]. - The ChiNext Index closed at 3044.69, up by 63.76 points or 2.14% [4]. - The military and aquaculture sectors experienced significant declines, while the oil, education, and chemical sectors showed weak performance [3]. Sector Highlights - CPO-related stocks saw a narrowing upward trend in the afternoon, with pharmaceutical stocks performing actively and consumer goods themes experiencing late-session surges [3]. - Notable gainers included: - Changguang Huaxin (+20.00% to 107.15) - Saiwei Electronics (+16.27% to 42.09) - Zhongbiao Jiachuan (+13.25% to 543.22) - Qianhe Optoelectronics (+10.47% to 16.25) [5]. - The military sector faced collective adjustments, with stocks like Jiuziyang, Jianglong Shipbuilding, and Chenxi Aviation dropping over 10% [5]. Capital Flow - Main capital inflows were observed in the electronics, communications, and pharmaceutical sectors, while software development, banking, and media sectors saw net outflows [8]. - Specific stocks with significant net inflows included: - Xinyi Sheng (+16.51 billion) - Zhongji Xuchuang (+12.90 billion) - Yangguang Electric (+12.52 billion) [8]. - Stocks facing net outflows included: - Aerospace Development (-13.28 billion) - Guangku Technology (-7.45 billion) - Great Wall Military Industry (-7.15 billion) [8]. Institutional Perspectives - Dongguan Securities noted a cautious sentiment in the A-share market, with accelerated sector rotation and a lack of sustainability in hot spots, indicating a high-low cutting characteristic [10]. - Yuekai Securities mentioned that despite short-term disturbances from global market volatility, the core logic of cultivating new productive forces, long-term capital inflows, and policy support remains unchanged, suggesting a potential for valuation recovery and structural optimization in December [10]. - China International Capital Corporation highlighted a trend of bottom reversal in lithium battery prices since 2025, supported by improvements in supply-demand structure [11].

Core Viewpoint - The controlling shareholder of Morning Sun Aviation, Xi'an Huiju Technology Co., Ltd., plans to reduce its stake in the company by up to 3% through market transactions, which will not affect the company's governance structure or control [1]. Shareholder Reduction Plan - Xi'an Huiju Technology intends to reduce its holdings by no more than 16,503,286 shares, representing up to 3% of the total share capital, within three months after the announcement [1]. - The reduction will occur through a combination of centralized bidding (up to 1% of total shares) and block trading (up to 2% of total shares) [1]. - The estimated cash-out from the reduction, based on the last closing price of 19.65 yuan per share, is approximately 324.29 million yuan [1]. Historical Shareholding Changes - Initially, Xi'an Huiju Technology held 78.47 million shares, accounting for 45.69% of the total share capital [2]. - Since the first reduction on November 2, 2020, the company has cumulatively reduced its holdings by 981,530 shares, realizing approximately 31.6 million yuan [2]. Detailed Reduction History - A detailed table outlines the average reduction price, number of shares reduced, and cash amounts for various dates, showing a total reduction of 981.53 thousand shares and a total cash amount of approximately 31.59 million yuan [3]. - The average reduction price varied, with the highest recorded at 45.69 yuan per share [3]. Related Shareholder Actions - Another related entity, Nanjing Huanyu Star Control Technology Co., Ltd., also reduced its holdings between August 25, 2025, and October 31, 2025, totaling 16,025,959 shares, with a total cash-out of approximately 284.55 million yuan [4].

Group 1 - Runjian Co., Ltd. is planning to issue H-shares and list on the Hong Kong Stock Exchange [1] - Zhongfu Shenying's shareholder plans to reduce its stake by no more than 1% [2] - Chenxi Aviation's controlling shareholder intends to reduce its stake by up to 3% [2] Group 2 - Zhiguang Electric's subsidiary signed a sales contract worth 152 million yuan [3] - Sanrenxing's controlling shareholder and actual controller plan to transfer up to 8% of the company's shares [4] - Guosheng Technology intends to acquire 100% equity of Fuyue Technology for 241 million yuan [5] Group 3 - Luxiao Technology's controlling shareholder plans to reduce its stake by no more than 3% [7] - Fusenmei's vice president and board secretary are under investigation [8] - Zhongchuang Co., Ltd. plans to transfer 2% of its shares through inquiry [10] Group 4 - Anglikang plans to raise 1.16 billion yuan for innovative drug research and industrialization projects [12] - Shenling Environment intends to issue convertible bonds to raise no more than 1 billion yuan [14] - Songcheng Performing Arts plans to acquire 100% equity of Hangzhou Songcheng Industrial for 963 million yuan [16] Group 5 - Demingli plans to raise no more than 3.2 billion yuan for SSD and DRAM expansion projects [17] - Ziyan Food's three shareholders plan to reduce their stake by no more than 276,700 shares [18] - Xinhua Pharmaceutical received a drug registration certificate for a new product [20] Group 6 - Chunqiu Electronics plans to acquire all shares of Danish liquid cooling technology company Asetek A/S for up to 547 million Danish kroner [22] - Tiandi Digital intends to transfer 100% equity of its subsidiary for 49 million yuan [24] - Huaru Technology plans to invest 20 million yuan to establish a fund focusing on new digital technologies [25] Group 7 - *ST Dongtong's stock may be suspended due to regulatory penalties for false reporting [26] - Siryipu is planning to acquire shares of Ningbo Aola Semiconductor and will suspend trading [27] - Purang Co., Ltd. is planning to acquire 49% equity of Noah Changtian and will suspend trading [29] Group 8 - *ST Suwu is facing potential delisting due to significant violations in financial reporting [32]