Market Overview - The ground armament sector experienced a slight decline of 0.06% on January 21, with Galaxy Electronics leading the drop [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Stock Performance - Key stocks in the ground armament sector showed varied performance, with the following notable movements: - Optoelectronic Co. (600184) closed at 19.23, up 2.61% with a trading volume of 174,000 shares and a turnover of 332 million yuan [1] - Jieqiang Equipment (300875) closed at 40.70, up 1.29% with a trading volume of 24,600 shares and a turnover of 99.73 million yuan [1] - Northern Long Dragon (301357) closed at 137.97, up 0.75% with a trading volume of 14,000 shares and a turnover of 194 million yuan [1] - Galaxy Electronics (002519) closed at 7.82, down 1.64% with a trading volume of 1,264,600 shares and a turnover of 999.7 million yuan [2] Capital Flow - The ground armament sector saw a net outflow of 193 million yuan from institutional investors, while retail investors contributed a net inflow of 245 million yuan [2] - The following stocks had significant capital flow: - Optoelectronic Co. had a net inflow of 16.16 million yuan from institutional investors, but a net outflow of 25.73 million yuan from retail investors [3] - Northern Long Dragon experienced a net outflow of 0.68 million yuan from institutional investors, with a net inflow of 1.89 million yuan from retail investors [3] - Galaxy Electronics faced a net outflow of 7.28 million yuan from institutional investors, while retail investors contributed a net inflow of 17.73 million yuan [3]

Core Viewpoint - The ground armament sector experienced a 1.06% increase on January 19, with GanHua Science and Technology leading the gains. The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1]. Group 1: Market Performance - The ground armament sector saw a net outflow of 197 million yuan from main funds, while retail investors contributed a net inflow of 127 million yuan [1]. - The closing prices and performance of key stocks in the ground armament sector included: - Yinhe Electronics (002519) at 8.35, down 10.02% with a trading volume of 3.26 million shares [1]. - Guangdian Co. (600184) at 19.33, down 2.23% with a trading volume of 282,200 shares [1]. - Jiekang Equipment (300875) at 42.25, down 0.75% with a trading volume of 31,700 shares [1]. - Changcheng Military Industry (601606) at 48.42, up 0.29% with a trading volume of 184,500 shares [1]. - Guoke Biological Engineering (688543) at 71.66, up 0.93% with a trading volume of 102,700 shares [1]. Group 2: Trading Volume and Turnover - The total turnover for the ground armament sector was significant, with notable individual stock turnovers such as: - Yinhe Electronics with a turnover of 2.748 billion yuan [1]. - North Navigation (600435) with a turnover of 1.191 billion yuan [1]. - ST Emergency (300527) with a turnover of 81.5497 million yuan [1].

Market Overview - The ground equipment sector experienced a decline of 2.39% on January 16, with Galaxy Electronics leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Stock Performance - Key stocks in the ground equipment sector showed varied performance, with the following notable changes: - Optoelectronics Co. (600184) closed at 19.77, up 0.82% with a trading volume of 123,100 shares [1] - Galaxy Electronics (002519) closed at 9.28, down 9.99% with a trading volume of 199,800 shares [2] - Northern Long Dragon (301357) closed at 142.81, down 2.57% with a trading volume of 32,300 shares [2] Capital Flow - The ground equipment sector saw a net outflow of 671 million yuan from institutional investors, while retail investors contributed a net inflow of 573 million yuan [2] - The following stocks had significant capital flow: - Galaxy Electronics experienced a net outflow of 44.17 million yuan from institutional investors, but a net inflow of 41.45 million yuan from retail investors [3] - Northern Long Dragon had a net outflow of 77.58 million yuan from institutional investors, with a net inflow of 62.69 million yuan from retail investors [3]

Group 1 - The stock price of Beifang Changlong has decreased by 2.01% to 143.63 CNY per share, with a trading volume of 1.27 billion CNY and a market capitalization of 13.674 billion CNY [1] - Year-to-date, Beifang Changlong's stock has increased by 1.89%, but it has dropped by 6.61% over the last five trading days [2] - The company specializes in the research, design, production, and sales of non-metal composite materials for military vehicle applications, with 70% of its revenue coming from human-machine interface systems for military vehicles [2] Group 2 - As of December 31, the number of shareholders for Beifang Changlong is 27,600, a decrease of 0.50% from the previous period [2] - For the period from January to September 2025, Beifang Changlong achieved a revenue of 122 million CNY, representing a year-on-year growth of 159.21%, and a net profit of 11.2885 million CNY, up by 208.52% [2] - The company has distributed a total of 43.384 million CNY in dividends since its A-share listing [3]

广发证券股份有限公司 关于北方长龙新材料技术股份有限公司 2025 年定期现场检查报告 | 保荐人名称：广发证券股份有限公司 被保荐公司简称：北方长龙 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 保荐代表人姓名：赵鑫 联系电话：020-66338888 | | | | | | | | 保荐代表人姓名：戴宁 联系电话：020-66338888 | | | | | | | | 现场检查人员姓名：赵鑫、李英杰 | | | | | | | | 现场检查对应期间：2025 年度 | | | | | | | | 现场检查时间：2025 12 月 29 2025 年 12 31 | 年 | 日至 | 月 | 日 | | | | 一、现场检查事项 现场检查意见 | | | | | | | | （一）公司治理 不适用 | | | | | 是 | 否 | | 现场检查手段：查阅公司章程及公司治理制度、三会议事规则和三会会议材料，查 | | | | | | | | 阅相关临时公告；核查公司董监高是否发生变更，是否履行了相应程序和信息披露 | | | | | ...

Market Overview - The ground equipment sector experienced a decline of 1.06% on January 15, with Galaxy Electronics leading the drop [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] Stock Performance - Notable stock performances in the ground equipment sector included: - Muka Technology (000576) closed at 11.02, up 2.99% with a trading volume of 244,600 shares and a turnover of 266 million yuan [1] - Inner Mongolia First Machinery (600967) closed at 19.91, up 1.48% with a trading volume of 869,800 shares and a turnover of 1.746 billion yuan [1] - Galaxy Electronics (002519) closed at 10.31, down 10.03% with a trading volume of 795,600 shares and a turnover of 825 million yuan [2] Capital Flow - The ground equipment sector saw a net outflow of 455 million yuan from institutional investors, while retail investors had a net inflow of 412 million yuan [2] - The capital flow for individual stocks showed: - Inner Mongolia First Machinery had a net inflow of 128 million yuan from institutional investors [3] - Galaxy Electronics experienced a net outflow of 68.64 million yuan from institutional investors [3] - Muka Technology had a net inflow of 34.04 million yuan from institutional investors [3]

Core Viewpoint - The stock of Northern Long Dragon (301357) experienced a decline of 3.6% on January 13, 2026, closing at 146.68 yuan, with a total market capitalization of 13.964 billion yuan [1] Group 1: Stock Performance - The stock opened at 150.64 yuan, reached a high of 150.64 yuan, and a low of 145.0 yuan on the same day [1] - The trading volume for the day was 708 million yuan, with a turnover rate of 20.3% [1] Group 2: Training Announcement - The company announced that GF Securities Co., Ltd. conducted a continuous supervision training for the year 2025 on December 29, 2025 [1] - The training covered policies and regulations related to mergers and acquisitions, market dynamics, key review points, and development trends [1] - Participants included company directors, senior management, and relevant personnel from the finance and legal departments, with positive engagement and outcomes reported [1]

保荐机构名称：广发证券股份有限公司 上市公司名称：北方长龙新材料技术股 份有限公司 保荐代表人姓名：赵鑫 联系电话：020-66338888 保荐代表人姓名：戴宁 联系电话：020-66338888 培训实施人员姓名：赵鑫 参加培训人员：北方长龙董事、高级管理人员、部分中层以上管理人员、财务部 及证券法务部相关人员 培训时间：2025 年 12 月 29 日 培训对应期间：2025 年度 培训主要内容：上市公司并购重组的相关政策法规、市场动态、审核关注 要点、发展趋势等。 一、培训基本情况 2025 年 12 月 29 日，广发证券股份有限公司（以下简称"广发证券"或"保 荐机构"）对北方长龙新材料技术股份有限公司（以下简称或"公司"）进行了 2025 年度持续督导专项培训，培训内容包括上市公司并购重组的相关政策法 规、市场动态、审核关注要点、发展趋势等；公司董事、高级管理人员、部 分中层以上管理人员、财务部及证券法务部相关人员参加了此次培训。 二、培训内容简介 广发证券股份有限公司 关于北方长龙新材料技术股份有限公司 2025 年持续督导培训工作报告 （以下无正文） 2 （本页无正文，专用于《广发证券股份有 ...

Market Overview - The ground equipment sector experienced a decline of 4.46% on January 13, with Guoke Military leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Stock Performance - Notable stock movements included: - Inner Mongolia First Machinery (600967) rose by 4.30% to a closing price of 20.38, with a trading volume of 1.6656 million shares and a turnover of 3.262 billion [1] - Guoke Military (688543) fell by 12.32% to 73.46, with a trading volume of 238,900 shares and a turnover of 1.765 billion [2] - Galaxy Electronics (002519) decreased by 9.15% to 10.42, with a trading volume of 4.8995 million shares and a turnover of 5.350 billion [2] Capital Flow Analysis - The ground equipment sector saw a net outflow of 2.035 billion from institutional investors, while retail investors had a net inflow of 1.778 billion [2] - The capital flow for individual stocks showed: - Inner Mongolia First Machinery had a net inflow of 1.73 billion from institutional investors, but a net outflow of 920.48 million from retail investors [3] - Guoke Military experienced a net outflow of 677.10 million from institutional investors, with a net inflow of 959.03 million from retail investors [3]

Market Overview - The ground equipment sector increased by 2.75% on January 12, with Guoke Military leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] Stock Performance - Guoke Vehicle (688543) closed at 83.78, up 12.16% with a trading volume of 313,600 shares [1] - Galaxy Electronics (002519) closed at 11.47, up 9.97% with a trading volume of 434,800 shares [1] - North Navigation (600435) closed at 21.87, up 5.75% with a trading volume of 2,436,500 shares [1] - Inner Mongolia First Machinery (600967) closed at 19.54, up 2.57% with a trading volume of 1,252,200 shares [1] - Other notable stocks include Jieqiang Equipment (300875) up 2.09% and Tianzuo Equipment (300922) up 1.90% [1] Capital Flow - The ground equipment sector experienced a net outflow of 335 million yuan from institutional investors and 147 million yuan from retail investors, while retail investors saw a net inflow of 482 million yuan [2] - The capital flow for individual stocks shows varied trends, with Guoke Military experiencing a net inflow of 290 million yuan from institutional investors [3] - North Navigation had a net inflow of 113 million yuan from institutional investors, while Inner Mongolia First Machinery saw a net inflow of 24.82 million yuan [3]