证券代码：300581 证券简称：晨曦航空 公告编号:2025-070 西安晨曦航空科技股份有限公司 关于使用部分闲置募集资金进行现金管理 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。 西安晨曦航空科技股份有限公司（以下简称"公司"）于 2025 年 4 月 27 日召 开第五届董事会第四次会议、第五届监事会第四次会议审议通过了《关于使用部 分闲置募集资金进行现金管理的议案》，为提高资金使用效率，合理利用闲置募 集资金，增加公司收益，同意公司继续使用不超过人民币 5,000 万元的闲置募集 资金进行现金管理，购买安全性高、流动性好、单项产品投资期限不超过 12 个 月的理财产品，包括人民币结构性存款、保本保收益型现金管理计划、资产管理 计划、保本浮动型现金管理计划等，同时董事会授权公司财务负责人组织实施。 在上述额度范围内，资金可以滚动使用，使用期限为原到期之日起延长 12 个月。 公司独立董事、保荐人对上述事项均发表了同意的意见。具体内容详见公司 在巨潮资讯网（http://www.cninfo.com.cn）上披露的《西安晨曦航空科技股份有 ...

Group 1 - The military equipment sector experienced a significant rally in the afternoon of November 21, with notable stock increases [2] - Jianglong Shipbuilding surged over 15%, while Tianhai Defense rose more than 10% [2] - Other companies such as Guorui Technology, Chenxi Aviation, Yaxing Anchor Chain, Zhongtian Rocket, and Beifang Changlong also saw gains [2]

证券代码：300581 证券简称：晨曦航空 公告编号：2025-068 西安晨曦航空科技股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回 的公告 | 序 | 受托方 | 产品 | 产品 | 金额 | 起息日 | 到期日 | 预期年 化收益 | 收回 | 理财收 益（万 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | | 名称 | 类型 | （万元） | | | 率 | 情况 | 元） | | 1 | 中国银行 股份有限 | 挂钩型 结构性 | 保本保最 | 2,200.00 | 2025.05.14 | 2025.11.19 | 1.0500% 或 | 全部 赎回 | 11.96 | | | 公司 | 存款 | 低收益型 | | | | 1.9394% | | | | 2 | 中国银行 股份有限 | 挂钩型 结构性 | 保本保最 低收益型 | 2,000.00 | 2025.05.14 | 2025.11.17 | 1.0500% 或 | 全部 赎回 | 19.84 | | | 公司 | 存款 | | | | ...

Core Insights - The Chinese eVTOL industry is experiencing significant growth, with multiple companies securing orders at the China International Import Expo, indicating a strong market demand and technological advancement [1][2] - The establishment of supportive policies and regulations is enhancing the low-altitude economy, providing a solid foundation for its development [1][2] Industry Developments - Several Chinese eVTOL manufacturers, including Volant Aviation, signed agreements for 95 aircraft orders totaling 2.375 billion yuan, with substantial deposits received [1] - The State Council has issued measures to encourage private investment in low-altitude economic infrastructure, aiming to diversify funding sources for industry growth [1] - The Shanghai Municipal Government has proposed a draft regulation to improve safety management for civil unmanned aerial vehicles, focusing on data management and inter-departmental cooperation [1] Market Positioning - The eVTOL sector is becoming a core part of the global industrial chain, with Chinese companies leveraging their technological and commercial capabilities to expand internationally [2] - The General Aviation ETF (159378) is highlighted as the largest ETF focused on the low-altitude economy and drones, serving as a strategic investment tool for this emerging sector [2]

Group 1 - The core point of the news is that Chenxi Aviation's stock price increased by 5.29%, reaching 17.50 CNY per share, with a trading volume of 479 million CNY and a turnover rate of 5.09%, resulting in a total market capitalization of 9.627 billion CNY [1] - Chenxi Aviation, established on February 24, 2000, and listed on December 20, 2016, is located in Xi'an, Shaanxi Province, and specializes in the research, production, and sales of aviation electromechanical products, along with providing related technical services [1] - The main revenue composition of Chenxi Aviation includes: 46.13% from aviation inertial navigation products, 41.02% from fiber-optic inertial navigation systems, 5.89% from navigation computer components, 3.25% from aviation engine electronic products, and 2.17% from other product sales [1] Group 2 - Among the top circulating shareholders of Chenxi Aviation, a fund under Yongying Fund ranks first, while the General Aviation ETF (159378) entered the top ten circulating shareholders in the third quarter, holding 851,600 shares, which accounts for 0.15% of the circulating shares [2] - The General Aviation ETF (159378) was established on January 2, 2025, with a current size of 1.209 billion CNY and has achieved a return of 18.14% since its inception [3] - The fund managers of the General Aviation ETF are Zhang Lu and Liu Tingyu, with Zhang having a cumulative tenure of 6 years and 112 days and Liu having a tenure of 2 years and 99 days, managing total assets of 22.921 billion CNY and 21.354 billion CNY respectively [4]

Market Overview - The aviation equipment sector experienced a decline of 1.12% on November 18, with Tongyi Aerospace leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Individual Stock Performance - Notable gainers included Guangqi Technology, which rose by 1.98% to a closing price of 42.68, with a trading volume of 252,900 shares and a transaction value of 1.074 billion [1] - Conversely, Tongyi Aerospace saw a significant decline of 6.89%, closing at 15.27, with a trading volume of 68,900 shares and a transaction value of 107 million [2] - Other stocks such as Morningstar Aviation and ST Lihang also faced declines of 5.51% and 4.85%, respectively [2] Capital Flow Analysis - The aviation equipment sector saw a net outflow of 1.203 billion from institutional investors, while retail investors contributed a net inflow of 892 million [2] - The data indicates that retail investors were more active, with a net inflow of 892 million, compared to the net outflow from institutional investors [2] Detailed Capital Flow for Selected Stocks - Guangqi Technology had a net inflow of 71.49 million from institutional investors, while retail investors showed a net outflow of 834,320 [3] - ST Lihang experienced a net outflow of 92,480 from institutional investors, but retail investors had a net inflow of 237,860 [3] - The overall trend shows that while institutional investors are pulling back, retail investors are still actively participating in the market [3]

Group 1 - The satellite navigation index experienced a decline of over 2% during intraday trading, with most constituent stocks falling [1] - Aerospace Zhizhuang saw a significant drop of 8.16%, while Shanghai Huigong decreased by 7.36% [1] - Other notable declines included Morningstar Aviation at 6.77%, Aerospace Hanyu at 5.60%, and Xingwang Yuda at 5.24% [1]

Group 1 - The military equipment sector experienced fluctuations and adjustments, with notable declines in stock prices [1] - North China Long Dragon saw a drop of over 8%, indicating significant market movement [1] - Other companies such as Jieqiang Equipment, Chenxi Aviation, Construction Industry, Inner Mongolia First Machinery, and Guorui Technology also experienced declines [1]

Core Insights - The market is experiencing a structural rally despite the overall index decline, with over 2,500 stocks rising and 100 stocks hitting the daily limit up [1] - Key sectors showing strong performance include military, energy metals, and regional stocks, driven by geopolitical factors, carbon lithium price surges, and local economic initiatives [3][4] Sector Highlights - **Military Sector**: Stocks like Great Wall Military and Jianglong Shipbuilding saw significant gains due to geopolitical support and expectations of state-owned enterprise reforms, with funds positioning for increased orders next year [3] - **Energy Metals**: Companies such as Shengxin Lithium Energy and Rongjie Co. surged as lithium carbonate futures rose over 8%, surpassing 90,000 yuan/ton, marking a new high for the year [3] - **Regional Stocks**: The Fujian sector is thriving with multiple stocks hitting the daily limit up, driven by green foreign debt trials and booming cross-border e-commerce data [3] Declining Sectors - **Precious Metals**: Stocks like Zhaojin Mining fell over 3% as gold prices dropped to $4,053, influenced by a decrease in the probability of a Federal Reserve rate cut [4] - **Solar Energy**: Companies such as Hongyuan Green Energy and Maiwei Co. saw declines near 6% due to high inventory levels and weak demand, as highlighted in a report by Nomura [4] Investment Strategy - **Military Line**: Focus on companies with strong order visibility in the aerospace and naval sectors, such as Chengfei and Jianglong Shipbuilding, which have significant upside potential [4] - **Energy Line**: Monitor the stability of lithium carbonate prices; potential for second-tier stocks like Tianhua New Energy to catch up if prices hold above 90,000 yuan/ton [4] - **Regional Line**: Caution advised for high-flying stocks like Pingtan Development; however, low-position stocks related to Xiamen Free Trade and cross-border e-commerce may present opportunities [4] Market Perspective - The current market differentiation is seen as an opportunity for portfolio reallocation, emphasizing the importance of holding stocks with solid fundamentals and policy support while avoiding speculative bubbles [5]

Core Insights - The aviation equipment sector experienced a rise of 1.13% on November 17, with Chenxi Aviation leading the gains, while the Shanghai Composite Index fell by 0.46% and the Shenzhen Component Index decreased by 0.11% [1] Group 1: Stock Performance - Chenxi Aviation (300581) closed at 17.59, up 11.97% with a trading volume of 661,900 shares and a transaction value of 1.153 billion [1] - Lijun Co., Ltd. (002651) saw a 4.48% increase, closing at 11.42 with a trading volume of 321,600 shares [1] - Zhong Wulunji (688297) and Hangfa Technology (600391) also reported gains of 4.38% and 3.93%, respectively [1] Group 2: Capital Flow - The aviation equipment sector saw a net inflow of 442 million from institutional investors, while retail investors experienced a net outflow of 635 million [2] - Major stocks like Hangfa Technology (600391) and Chenxi Aviation (300581) had significant net inflows from institutional investors, amounting to 73.43 million and 72.62 million, respectively [3] Group 3: Trading Volume and Value - The trading volume for Chenxi Aviation was 661,900 shares, contributing to a transaction value of 1.153 billion [1] - The overall trading activity in the aviation equipment sector indicated a mix of institutional and retail investor behaviors, with institutional investors showing a positive trend [2][3]