中天火箭：11月25日召开董事会会议

Core Viewpoint - The company Zhongtian Rocket announced a board meeting to discuss adjustments to its strategic and compensation committees, while facing significant challenges in its core business due to a major client reducing purchases [1]. Group 1: Company Developments - Zhongtian Rocket held its 26th meeting of the fourth board session on November 25, 2025, to review proposals regarding the adjustment of the board's strategic committee and the compensation and assessment committee [1]. - The company's revenue composition for the first half of 2025 was entirely from small solid rockets and their extended products, accounting for 100% [1]. - As of the report, Zhongtian Rocket's market capitalization stood at 8.6 billion yuan [1]. Group 2: Industry Challenges - The company has been placed under investigation by the China Securities Regulatory Commission (CSRC) following a significant loss exceeding 100 million yuan shortly after its IPO [1]. - The primary product of the company has been severely impacted as its largest client has shifted to self-sourcing, leading to a reduction in procurement [1].