航天电器跌2.01%，成交额8.62亿元，主力资金净流出7444.60万元

Core Viewpoint - Aerospace Electric has experienced a decline in stock price and significant net outflow of funds, indicating potential investor concerns about the company's performance and market position [1][2]. Financial Performance - As of September 30, Aerospace Electric reported a revenue of 4.349 billion yuan, representing a year-on-year growth of 8.87%. However, the net profit attributable to shareholders decreased by 64.53% to 146 million yuan [3]. - The company's stock price has dropped by 2.96% year-to-date, with a recent increase of 1.12% over the last five trading days and a 9.66% increase over the last 20 days [2]. Shareholder and Market Activity - The number of shareholders increased by 4.69% to 23,600, while the average circulating shares per person decreased by 4.48% to 19,205 shares [3]. - The company has been active in the market, appearing on the "龙虎榜" once this year, with a net buy of -202 million yuan on January 15, where total buy was 46.93 million yuan (7.71% of total trading volume) and total sell was 249 million yuan (40.87% of total trading volume) [2]. Business Overview - Aerospace Electric, established on December 30, 2001, and listed on July 26, 2004, specializes in high-end relays, connectors, micro motors, optoelectronic devices, and cable assemblies. The revenue composition includes 70.35% from connectors and integrated products, 22.49% from motors and control components, 3.39% from relays, 1.98% from optical communication devices, and 1.79% from other sources [2]. - The company operates within the defense and military electronics sector, with involvement in concepts such as large aircraft, aerospace military, commercial aerospace, satellite navigation, and Beidou navigation [2]. Dividend and Institutional Holdings - Aerospace Electric has distributed a total of 1.367 billion yuan in dividends since its A-share listing, with 446 million yuan distributed over the past three years [4]. - As of September 30, 2025, major institutional shareholders include E Fund Defense Industry Mixed A, holding 17.0872 million shares (an increase of 785,100 shares), and Huaxia Military Security Mixed A, holding 15.0385 million shares (an increase of 439,660 shares) [4].