证券代码：301306 证券简称：西测测试 公告编号：2026-001 西安西测测试技术股份有限公司 第三届董事会第二次会议决议公告 1、审议通过《关于调整公司组织架构的议案》 为进一步优化公司内部组织运行机制，更好地保障公司发展战略的顺利实施， 提高公司管理水平和运营效率，结合公司业务发展需要，董事会同意对公司的组 织架构进行优化和调整，并授权公司经营管理层负责组织架构调整后的具体实施 等相关事宜。 具体内容详见公司同日在巨潮资讯网（www.cninfo.com.cn）上披露的《关于 调整公司组织架构的公告》。 表决结果：赞成票 9 票，反对票 0 票，弃权票 0 票。 三、备查文件 1、第三届董事会第二次会议决议。 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 西安西测测试技术股份有限公司（以下简称"公司"）第三届董事会第二次 会议（以下简称"本次会议"）通知于 2026 年 1 月 22 日以邮件、电话等方式送 达公司全体董事，会议于 2026 年 1 月 27 日以现场方式在公司会议室召开。本次 会议应出席董事 9 人，实际出 ...

证券代码：301306 证券简称：西测测试 公告编号：2026-002 西安西测测试技术股份有限公司 关于调整公司组织架构的公告 本公司及董事会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。 西安西测测试技术股份有限公司（以下简称"公司"）于 2026 年 1 月 27 日在 公司会议室召开了第三届董事会第二次会议，审议通过了《关于调整公司组织架 构的议案》，为进一步优化公司内部组织运行机制，更好地保障公司发展战略的 顺利实施，提高公司管理水平和运营效率，结合公司业务发展需要，董事会同意 对公司的组织架构进行优化和调整，并授权公司经营管理层负责组织架构调整后 的具体实施等相关事宜。调整后的公司组织架构图详见附件。 特此公告。 西安西测测试技术股份有限公司 董事会 2026 年 1 月 28 日 X©西测 股东会 董事会 战略委员会 审计委员会 提名委员会 薪酬与考核委员会 管理团队 创新研究院 北京营销中心 科技保障部 市场部 行政部 法务审计部 投资证券部 办公室 经营计划部 财务部 人力资源部 质量部 保密办公室 元器件综合保障 环境与可靠性工程 电磁兼容 检测与计量 ...

Core Viewpoint - Xian Xicai Testing Technology Co., Ltd. has experienced a significant decline in stock price and financial performance, indicating potential challenges in its operations and market perception [1][2]. Financial Performance - On January 26, Xicai Testing's stock price dropped by 12.96%, with a trading volume of 1.263 billion yuan [1]. - For the period from January to September 2025, the company reported a revenue of 225 million yuan, a year-on-year decrease of 27.90%, and a net profit attributable to shareholders of -106 million yuan, a decline of 11.82% [2]. Financing and Margin Trading - On January 26, the company had a financing buy-in amount of 85.34 million yuan and a financing repayment of 108 million yuan, resulting in a net financing buy of -22.65 million yuan [1]. - The total margin trading balance for Xicai Testing reached 357 million yuan, accounting for 3.79% of its market capitalization, which is above the 90th percentile level over the past year [1]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 9.11% to 15,300, while the average circulating shares per person increased by 63.20% to 3,801 shares [2]. - The company has distributed a total of 12.66 million yuan in dividends since its A-share listing [3]. Institutional Holdings - Among the top ten circulating shareholders, Changcheng Jiujia Innovation Growth Mixed A (004666) is the seventh largest with 1.2 million shares, and Yongying High-end Equipment Intelligent Selection Mixed Initiated A (015789) is the tenth largest with 520,600 shares, both being new shareholders [3].

Core Viewpoint - The military electronics sector experienced a significant decline, with a drop of 5.26% on January 26, led by Aiguang Technology, while the overall market indices also saw minor decreases [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 4132.61, down 0.09%, and the Shenzhen Component Index closed at 14316.64, down 0.85% [1]. - The military electronics sector saw a net outflow of 77.26 billion yuan from institutional investors, while retail investors had a net inflow of 58.39 billion yuan [2]. Group 2: Individual Stock Performance - Aiguang Technology (300123) saw a significant drop of 13.41%, closing at 7.36 yuan with a trading volume of 1.598 million shares and a transaction value of 1.209 billion yuan [2]. - Other notable declines included Xice Testing (301306) down 12.96% to 111.63 yuan, and Shaanxi Huada (301517) down 12.23% to 70.50 yuan [2]. - Conversely, Zhenxin Technology (300101) increased by 4.19% to 30.81 yuan, with a trading volume of 528,500 shares and a transaction value of 1.640 billion yuan [1]. Group 3: Capital Flow Analysis - The capital flow analysis indicates that institutional investors had a net outflow in several stocks, including ST Wanfa (000638) with a net outflow of 142.97 million yuan, while retail investors showed a net inflow in stocks like ST Yuanwei (002231) with a net inflow of 46.14 million yuan [3]. - The data reflects a mixed sentiment among different investor types, with retail investors showing resilience in certain stocks despite the overall sector decline [2][3].

Core Viewpoint - The A-share market experienced a significant sector rotation, particularly in the large aircraft sector, with major stocks like Changhe Aircraft Industries and others hitting the daily limit up, indicating a collective surge in the industry chain [1] Group 1: Market Movement - The large aircraft sector saw a collective rally with 13 leading stocks reaching their daily limit up, indicating strong investor interest and confidence in the sector [1] - The surge in the large aircraft sector is attributed to recent disclosures from the National Social Security Fund, which revealed new investments in seven leading companies within the large aircraft industry chain [3][4] Group 2: Key Companies and Investments - Chaojie Co., a core supplier of fasteners for the C919 aircraft, was highlighted as a new investment by the social security fund, becoming its sixth-largest shareholder with 670,000 shares [3] - Xice Testing, the only private entity with full-chain aerospace testing qualifications, saw the social security fund increase its holdings to 3.5 million shares, making it the fourth-largest shareholder [3] - Aero Engine Corporation of China (AECC) Technology, a key player in the C919 engine supply chain, attracted new investments from major international banks like Goldman Sachs and UBS [3] - Hangya Technology, a leader in the domestic aviation precision forging blade sector, received new investments from the social security fund, becoming the eighth and ninth largest shareholders [4] - Hongdu Aviation, a core enterprise under AVIC, is the sole supplier of the C919's front and rear fuselage, with the social security fund acquiring 5 million shares [4] Group 3: Industry Developments - The European Union Aviation Safety Agency (EASA) completed the compliance flight test for the C919, providing a positive evaluation that exceeded market expectations and facilitating its entry into the EU market [6] - The CJ-1000A domestic engine has completed extensive testing, resolving previous capacity constraints and is expected to receive certification by the second quarter of 2026 [6] - Predictions indicate that C919's annual production capacity could rapidly increase to 50-70 aircraft by 2027, with plans to raise production from 30 to 60 aircraft in 2026 [7] Group 4: Market Potential - The existing orders for C919 exceed 1,000 aircraft, representing a market scale of 650 billion yuan, with the potential to drive over 2 trillion yuan in value across the supply chain [7] - The Yangtze River Delta region has become a hub for the large aircraft industry, housing over one-third of the national aircraft supply chain suppliers [7] - By 2043, China's civil aviation fleet is projected to reach 10,061 aircraft, making it the largest single aviation market globally, with an expected reception of 9,323 new passenger aircraft over the next 20 years [8]

Core Insights - Shaanxi Province is rapidly developing its commercial aerospace industry, aiming to create a leading innovation cluster with a target industry scale of over 500 billion yuan by 2027 and 1 trillion yuan by 2030 [1] - The province's aerospace sector is characterized by strong order fulfillment and collaboration among leading enterprises, enhancing competitiveness in the commercial aerospace era [1] Group 1: Industry Development - Shaanxi has proactively released an action plan to cultivate a 100 billion yuan commercial aerospace industry cluster by the end of 2024, with a focus on satellite and rocket manufacturing, constellation operations, and satellite applications [1] - The province aims to have over 100 large-scale enterprises by 2027 and 200 by 2030, with a significant increase in industry scale and leadership in various aerospace fields [1] Group 2: Company Performance - Shaanxi Huada, a key player in aerospace connectors, reported a continuous increase in the proportion of commercial aerospace business in its overall revenue, with a focus on expanding product categories to meet customer demands [2] - Xicet Testing has established a comprehensive testing capability system, providing one-stop services that significantly shorten development cycles and reduce management costs for commercial satellite manufacturers [3] Group 3: Material and Component Innovation - Sui Rui New Materials has successfully applied high-strength, high-conductivity copper alloys in liquid rocket engine thrust chambers, with revenue from these products expected to grow from 20.97 million yuan in 2022 to 30.16 million yuan in 2024 [3] - Tianli Composite has become a major supplier of transition joints for satellites, contributing to the domestic production of key aerospace materials [4] Group 4: Strategic Collaboration - Xicet Testing has formed strategic partnerships with Shaanxi Huada and Jizhi Co., focusing on expanding the aerospace testing market and enhancing quality collaboration across the entire design-manufacturing-testing-application chain [6] - The collaboration aims to leverage each company's strengths to support high-end manufacturing and ensure product quality stability in the commercial aerospace sector [6][7] Group 5: Ecosystem and Infrastructure - Shaanxi's aerospace industry is supported by national research institutions and a unique national economic and technological development zone focused on aerospace, fostering a complete innovation chain from basic research to technology transfer [7] - The Xi'an National Civil Aerospace Industry Base hosts over 60 commercial aerospace companies, establishing a comprehensive ecosystem that integrates rocket development, satellite payloads, and data applications [7]

1月23日，西测测试涨5.09%，截至发稿，报125.57元/股，成交5.36亿元，换手率7.51%，总市值105.98 亿元。 资料显示，西安西测测试技术股份有限公司位于陕西省西安市高新区丈八二路16号，成立日期2010年6 月1日，上市日期2022年7月26日，公司主营业务涉及从事军用装备和民用飞机产品检验检测,为客户提 供环境与可靠性试验、电子元器件检测筛选、电磁兼容性试验等检验检测服务,同时开展检测设备的研 发、生产和销售以及电装业务。主营业务收入构成为：环境与可靠性试验49.49%，电子装联业务 29.38%，电磁兼容性试验10.81%，电子元器件检测筛选8.18%，检测设备销售1.88%，其他0.26%。 长城久嘉创新成长混合A（004666）成立日期2017年7月5日，最新规模19.94亿。今年以来收益8.64%， 同类排名2304/8847；近一年收益98.89%，同类排名142/8099；成立以来收益226.54%。 长城久嘉创新成长混合A（004666）基金经理为尤国梁。 截至发稿，尤国梁累计任职时间6年94天，现任基金资产总规模50.58亿元，任职期间最佳基金回报 253.56%， 任职 ...

证券日报网讯 1月22日，博科测试在互动平台回答投资者提问时表示，公司与西测测试虽同属测试行 业，但业务定位和细分领域存在明显差异，目前双方不存在直接竞争关系。公司聚焦于汽车测试和伺服 液压试验设备的研发、设计、制造、销售、系统集成等综合服务，主要服务于汽车、轨道交通、航空航 天等领域。 （编辑 袁冠琳） ...

Core Conclusion - By 2026, China's commercial aerospace industry is expected to reach a turning point in cost reduction for launch capacity, driven by the concentrated deployment of low Earth orbit (LEO) constellations and the normalization of high-frequency launches, with reusable rockets nearing breakthroughs in reducing unit launch costs. The industry's business model will shift from state-driven tasks to market-driven profitability, with a valuation logic transitioning towards "space infrastructure" as application scenarios and business models are restructured [3]. Market Outlook - 2026 is anticipated to be a prosperous year for China's commercial aerospace sector, with an accelerated pace of multi-constellation launches transitioning to large-scale deployment, leading to a rapid increase in rocket launch frequency. The commercial rocket launch service market in China is projected to grow from 10.26 billion yuan in 2025 to 47.39 billion yuan by 2030, corresponding to a CAGR of approximately 35.8%, primarily driven by high-frequency launch demand from dense deployment of LEO constellations [4][11]. - The industry is expected to maintain medium to long-term growth, with over 237,000 satellites needing to be deployed in accordance with ITU regulations by 2039. Starlink currently has over 9,000 satellites in orbit, and the demand for subsequent launches remains robust due to tightening frequency resources [4][11]. Cost Reduction Pathways - The essence of commercial rockets is a "space logistics" business, where core variables include efficiency improvements and cost reductions in launch capacity. Key pathways for cost reduction include breakthroughs in full-flow engine technology, high-frequency reuse capabilities, and industrialization in manufacturing [5]. - The unit cost of launching rockets is expected to decrease significantly through various stages: 1. Initial launch cost is approximately 55,000 yuan/kg 2. By around 2026, after achieving first-stage reuse, costs may drop to about 25,000 yuan/kg 3. Upgrading from aluminum to stainless steel structures could further reduce costs to approximately 19,000 yuan/kg 4. With the maturation of recovery methods, costs may decline to around 13,000 yuan/kg 5. Long-term, achieving second-stage reuse could bring costs close to 5,000 yuan/kg [5]. Industry Structure and Investment Opportunities - The commercial rocket industry is still in its early growth and valuation evolution phase. Key catalysts for valuation uplift in China's commercial aerospace sector include the realization of reusable rockets for large-scale LEO satellite networking and the transition from customized to standardized launches through long-term batch tasks [7][8]. - The valuation logic for commercial aerospace companies is shifting from manufacturing-oriented to platform and infrastructure-oriented technology enterprises, covering diverse long-term space mission needs such as manned flights and deep space exploration [8]. Key Players and Market Segments - The core technical barriers in rocket engines are concentrated in critical components such as thrust chambers and turbine pumps. The value in satellite manufacturing is primarily found in communication payloads [9]. - Key companies involved in the aerospace supply chain include: - Power Systems: Yingliu Co., Srey New Materials, Guoji Precision Engineering - Satellite Communication Systems: Shanghai Hantong, Aerospace Electronics, Guobo Electronics - Materials and Structural Components: Western Materials, Parker New Materials, Guoji Heavy Industry, Huazhuo High-Tech - Testing and Verification: Xicai Testing, Su Testing [9][10].

证券日报网讯 1月21日，西测测试在互动平台回答投资者提问时表示，卫星的检测费用并非固定单价， 其价值量主要取决于检测项目的范围、技术复杂度、周期要求以及卫星本身的技术新颖性与可靠性指 标。因此，不同型号、不同批次的卫星，其检测方案和价值量均存在差异。公司作为独立的第三方检验 检测服务机构，主要为客户提供覆盖卫星产品全生命周期的可靠性验证服务。在"检测+制造"双轮驱动 的战略下，公司将依托已经构建的一站式服务能力和硬核资质，持续聚焦航空航天"低成本、高可靠、 快迭代"的发展趋势，加大资源投入，致力于成为该产业链中高可靠性制造与验证服务供应商。 （文章来源：证券日报） ...