航天晨光股份有限公司 高级管理人员减持股份计划公告

Core Viewpoint - The announcement details a share reduction plan by senior management of Aerospace Morning Light Co., Ltd, indicating potential changes in shareholding dynamics and market sentiment [1][3]. Group 1: Senior Management Shareholding - As of the announcement date, Vice General Manager Sun Jianhang holds 63,980 shares, representing 0.0150% of the total share capital, while Financial Officer and Board Secretary Deng Zegang holds 41,300 shares, representing 0.0097% of the total share capital [2]. Group 2: Share Reduction Plan - The senior management plans to reduce their holdings through centralized bidding within three months after a 15 trading day period from the announcement date. Sun Jianhang intends to reduce up to 15,900 shares (not exceeding 0.0037% of total share capital), and Deng Zegang plans to reduce up to 10,300 shares (not exceeding 0.0024% of total share capital) [3]. Group 3: Stock Performance and Risks - Since December 1, 2025, the company's stock has increased by 80.52%, outperforming the Shanghai Composite Index, although there have been no significant changes in the company's fundamentals [11][12]. - As of January 9, 2026, the company's static price-to-earnings (P/E) ratio is negative, diverging from the industry average P/E ratios of 42.47 (static) and 40.81 (rolling) for specialized equipment manufacturing, and 89.56 (static) and 97.28 (rolling) for the aerospace industry [13]. - The stock turnover rate has significantly increased since December 30, 2025, with a cumulative turnover rate of 169.27% and an average daily turnover rate of 21.16% [14]. - The company anticipates a net loss of approximately 220 million yuan for the fiscal year 2025, with a net loss of around 210 million yuan after excluding non-recurring gains and losses [16].