Core Viewpoint - Shaanxi Huada (301517.SZ) is actively expanding its product applications in aerospace, weaponry, and communications, focusing on high-reliability design and environmental testing for satellite and deep space exploration support [1] Group 1: Aerospace Applications - The company has accumulated significant core technologies in high-reliability design and environmental testing, providing solid support for satellite, launch vehicles, and deep space exploration [1] - The company is initiating key research in astronautical-grade design, on-board modules, and radiation-resistant technologies to enhance its capabilities in space-based big data processing [1] Group 2: Market Expansion and Innovation - The company is increasing its market development efforts in the robotics sector, aiming to boost market share through continuous technological innovation and smart manufacturing [1] - The company is committed to creating comprehensive solutions that cover components, modules, and subsystems [1]

Core Viewpoint - Shaanxi Huada (301517.SZ) is actively expanding its capabilities in aerospace, defense, and communication sectors, focusing on high-reliability design and environmental testing for satellite and deep space exploration applications [1] Group 1: Aerospace Applications - The company has accumulated significant core technologies in high-reliability design and environmental testing, providing solid support for satellite, launch vehicles, and deep space exploration [1] - The company is initiating key research in astronautical-grade design, on-board modules, and radiation-resistant technologies to enhance its offerings in the "space computing" sector [1] Group 2: Product Development and Market Expansion - The company aims to create comprehensive solutions covering "components—modules—subsystems" for in-orbit space-based big data processing scenarios [1] - The company is also focusing on the development of robotics, planning to increase market penetration and continuously drive technological innovation and smart manufacturing to expand its market share [1]

证券代码：301517 证券简称：陕西华达 公告编号：2025-044 陕西华达科技股份有限公司 关于发行股份购买资产并募集配套资金 暨关联交易事项的进展公告 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。 公司拟通过发行股份的方式购买陕西华经微电子股份有限公司 100% 股份并募集配套资金（以下简称"本次交易"）。本次交易完成后，陕西华 经微电子股份有限公司将成为公司的全资子公司。本次交易预计构成关联 交易，但不构成重大资产重组及重组上市。 二、本次交易的历史披露情况 1、公司因筹划本次交易，经向深圳证券交易所申请，公司股票（证 券简称： "陕西华达"、证券代码： "301517"）自 2025 年 8 月 13 日上午开 市时起开始停牌。具体内容详见公司于 2025 年 8 月 13 日在巨潮资讯网 （http://www.cninfo.com.cn）披露的《陕西华达科技股份有限公司关于筹 划发行股份购买资产并募集配套资金暨关联交易事项的停牌公告》（公告 编号：2025-023）。 2、公司于 2025 年 8 月 25 日召开了第五届董事会第十次会议，审 ...

Investment Rating - The report maintains a "Positive" investment rating for the defense and military industry [5] Core Viewpoints - The uncertainty in the Asia-Pacific situation is increasing, which may accelerate the equipment construction in China, focusing on new combat capabilities [2][12] - China's high-end aviation equipment showcased at the Dubai Airshow is expected to further expand the military trade market [12][15] - The Fujian aircraft carrier has conducted its first live training at sea, indicating a significant advancement in operational capabilities and technology [12][18] - The report emphasizes the importance of domestic demand for new combat capabilities and military trade as key growth areas [19] Summary by Sections Investment Suggestions and Targets - The report highlights various investment targets across different segments, including: - Engine and fuel chain: Companies like Xi'an Aero Engine (600893), Western Superconducting (688122), and others [19][20] - New quality and domains: Companies such as Aerospace Electronics (600879), Haige Communication (002465), and others [19][20] - Military electronics: Companies like Aerospace Electric (002025), Zhonghang Optical (002179), and others [19][20] - Military trade and main equipment: Companies such as AVIC Shenyang Aircraft (600760), AVIC Chengfei (302132), and others [19][20] Industry News and Market Performance - The report notes that the defense and military industry index has outperformed the broader market, with a decline of only -1.72% compared to the Shanghai Composite Index's -3.90% [22][25] - The report provides a detailed analysis of weekly market performance, indicating that the defense and military sector remains resilient amid broader market declines [22][25] Key Events and Developments - The report outlines significant recent events, including: - The U.S. government approved a new round of arms sales to Japan, which may heighten regional tensions and prompt China to expedite its military equipment development [12][9] - The successful live training of the Fujian aircraft carrier, showcasing advanced operational capabilities [12][18] - The participation of Chinese high-end military equipment in international exhibitions, enhancing China's presence in the global military trade market [12][15]

Core Viewpoint - Shaanxi Huada (301517.SZ) is providing supporting products for commercial aerospace through direct or indirect means, and there is currently no direct business relationship with Guoxing Aerospace [1] Company Summary - Shaanxi Huada is involved in the commercial aerospace sector by supplying supporting products [1] - The company has clarified that it does not have any direct business dealings with Guoxing Aerospace at this time [1]

格隆汇11月20日丨陕西华达(301517.SZ)在互动平台表示，公司通过直接或间接方式为商业航天提供配 套产品，公司与国星宇航尚无直接业务往来。 ...

Core Viewpoint - Shaanxi Huada (301517.SZ) and Huajing Microelectronics are not involved in the nuclear power sector, focusing instead on various electronic products [1] Group 1: Company Overview - Huajing Microelectronics' core products include mixed integrated circuits, power products, RF devices, sensors, optical modules, potentiometers, and automotive electronic products [1] - The market for integrated circuits and power products is extensive, indicating significant growth potential [1] Group 2: Product Development - The optical module production line has been established and is currently undergoing market expansion [1] - The application of the plastic displacement potentiometer is widespread in the defense sector [1] - Automotive electronic products primarily serve domestic new energy vehicle manufacturers [1]

Core Viewpoint - Shaanxi Huada stated that its products are widely used in various ground communication electronic devices and new generation communication base stations, indicating a strong market presence and product evolution [1] Group 1: Product Application - The company’s products are applied in various ground communication electronic devices and are extensively used in new generation communication base stations [1] - The products have undergone multiple iterations and have developed into a series of products [1] Group 2: Investment and Production Capacity - Through fundraising projects, the company aims to enhance the production process control, mechanical processing, automated assembly, and testing capabilities for connectors and cable components used in new generation communication and satellite internet [1] - The investment is expected to improve the production capacity, technical performance, and quality reliability of the products [1]

Core Viewpoint - Shaanxi Huada (301517.SZ) is involved in providing supporting products for commercial aerospace through direct or indirect means, and currently has no direct business dealings with Tianbing Technology [1] Group 1 - The company is engaged in the commercial aerospace sector by supplying related products [1] - There is no existing direct business relationship between the company and Tianbing Technology [1]

Core Viewpoint - The company, Shaanxi Huada, has stated that it provides supporting products for commercial aerospace through direct or indirect means, and it currently has no direct business dealings with Tianbing Technology [1] Group 1 - The company is involved in the commercial aerospace sector by supplying related products [1] - There is no existing direct business relationship between the company and Tianbing Technology [1]