证券代码：300922 证券简称：天秦装备 公告编号：2025-072 秦皇岛天秦装备制造股份有限公司 关于董事、高级管理人员退休离任的公告 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。 一、董事、高级管理人员离任情况 秦皇岛天秦装备制造股份有限公司（以下简称"公司"）董事会于2025 年10 月13 日收到董事、副总经理童秋菊女士提交的书面辞职报告，童秋菊女士因达到法定退休年 龄，申请辞去公司董事、副总经理职务。原定任期为 2023 年 7 月 14 日至 2026 年 7 月 13 日，辞职后不再担任公司任何职务。童秋菊女士所负责的工作已全部交接， 其辞职不会对公司经营产生影响。 根据《中华人民共和国公司法》《深圳证券交易所上市公司自律监管指引第2 号— —创业板上市公司规范运作》等相关法律法规及《公司章程》的规定，童秋菊女士的辞 职报告自送达公司董事会之日起生效。其辞职未导致公司董事会成员低于法定最低人 数，不会影响公司董事会的正常运作。公司将按照相关规定进行补选新的董事。 截至本公告披露日，童秋菊女士直接持有公司股份 133,355 股（占公司总股 ...

Group 1: Company Events and Themes - The company "蜂助手" is focusing on AI edge computing and chip communication through a private placement [3][39] - A deep report on the upstream life sciences industry is scheduled, indicating a focus on healthcare and pharmaceuticals [7][39] - An update on the color metal industry is planned, reflecting ongoing developments in materials science [19][39] Group 2: Financial Analysis and Recommendations - A mid-term report analysis of 兴业银行 (Industrial Bank) will be conducted, highlighting its investment value [22][39] - A discussion on the pharmaceutical industry and updates on 华领医药 (Hualing Pharmaceutical) is set, suggesting potential investment opportunities in healthcare [28][39] - An electronic industry outlook report is scheduled, indicating a focus on technology and electronics sectors [34][39]

Market Overview - The ground equipment sector increased by 4.33% on October 10, with Jieqiang Equipment leading the gains [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Jieqiang Equipment (300875) closed at 48.73, up 13.06% with a trading volume of 172,700 shares and a transaction value of 825 million yuan [1] - Beifang Changlong (301357) also rose by 13.06% to 132.28, with a trading volume of 122,900 shares and a transaction value of 1.566 billion yuan [1] - Changcheng Military Industry (601606) saw a 10% increase, closing at 47.20 with a trading volume of 891,200 shares [1] - Other notable performers include Neimeng Yiji (600967) up 6.14% and Zhongbing Hongjian (000519) up 1.79% [1] Capital Flow - The ground equipment sector experienced a net inflow of 1.359 billion yuan from institutional investors, while retail investors saw a net outflow of 1.271 billion yuan [2] - The overall trend indicates that institutional investors are favoring the sector despite retail investors pulling back [2] Individual Stock Capital Flow - Changcheng Military Industry (601606) had a net inflow of 858 million yuan from institutional investors, representing 21.17% of its trading volume [3] - Neimeng Yiji (600967) recorded a net inflow of 172 million yuan from institutional investors, while retail investors had a significant outflow of 247 million yuan [3] - Jieqiang Equipment (300875) saw a net inflow of 90.64 million yuan from institutional investors, but retail investors withdrew 82.97 million yuan [3]

Market Overview - The ground equipment sector increased by 0.35% on October 9, with Tianqin Equipment leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Stock Performance - Tianqin Equipment (300922) closed at 28.57, up 3.63% with a trading volume of 127,200 shares and a transaction value of 361 million yuan [1] - Other notable performers include: - Beifang Changlong (301357) at 117.00, up 1.86% [1] - Ganhua Kegong (000576) at 10.86, up 1.21% [1] - Jiekang Equipment (300875) at 43.10, up 1.03% [1] - Yinhai Electronics (002519) at 4.69, up 0.86% [1] Capital Flow - The ground equipment sector experienced a net outflow of 340 million yuan from institutional investors, while retail investors saw a net inflow of 327 million yuan [2] - The detailed capital flow for selected stocks includes: - Tianqin Equipment: Net inflow of 23.15 million yuan from institutional investors [3] - Light and Optoelectronics (600184): Net inflow of 10.63 million yuan from institutional investors [3] - North Navigation (600435): Net outflow of 57.82 million yuan from institutional investors [3]

Investment Rating - The industry rating is "Outperform the Market" [4][60]. Core Viewpoints - The report emphasizes the importance of focusing on military trade and export supply chains, with a strong outlook for the military industry from Q4 2025 to 2026 due to improving fundamentals and emerging themes such as nuclear fusion [2][39]. - The military industry index (801740) increased by 2.51% during the week of September 22-30, underperforming the Shanghai and Shenzhen 300 index, which rose by 3.08% [2][9]. - The report highlights a significant rebound in the military sector, particularly following the recent military parade, and anticipates a new cycle of prosperity in the military industry [2][39]. Summary by Sections Weekly Market Review - The military industry index rose by 2.51% during the week, ranking 6th among 31 first-level industries [14][9]. - Since the beginning of 2025, the military index has increased by 18.75%, outperforming the Shanghai and Shenzhen 300 index by 0.82% [16][9]. - The aviation sector performed particularly well, driven by the Changchun Aviation Exhibition [20][9]. Fund and Valuation Analysis - As of September 30, the military index's TTM price-to-earnings ratio is 77.86, placing it in the 99.22 percentile, indicating high allocation significance [3][39]. - Passive fund inflows into military ETFs increased, with a net inflow of 986 million yuan during the week, suggesting a positive trend in funding for the military sector [27][39]. Key Investment Opportunities - The report suggests focusing on various segments within the military industry, including: 1. Land Equipment: Tianqin Equipment, Gaode Infrared, Ligong Navigation, etc. 2. Stealth Materials: Jiach Technology, Huaqin Technology. 3. Deep Sea: Western Materials, China Marine Defense. 4. Engines: Hangyu Technology, Hangya Technology, Tunan Co., Ltd. 5. Drones & Anti-Drones: Zongheng Co., Ltd., Aerospace Rainbow, etc. 6. AI Intelligence: Xingtuxinke, Aerospace Electronics. 7. Aircraft: AVIC Shenyang Aircraft, AVIC Xi'an Aircraft. 8. Nuclear Fusion: Hezhuan Intelligent, Yongding Co., Ltd., etc. [40][43].

Group 1: Company Overview - The report highlights that New Australia Co. (新澳股份) is a direct beneficiary of the rising Australian wool prices, which have recently reached record highs, indicating a strong growth potential for the company [2][10][12] - The Australian wool auction index has surged by 112 Australian cents per kilogram to 1565 Australian cents per kilogram, marking a 7.7% increase month-on-month and a 41.8% increase year-on-year, representing the fifth-largest weekly increase since data publication began [2][12] - The report anticipates that the company's net profit for the years 2025 to 2027 will be adjusted to 460 million, 550 million, and 610 million yuan respectively, reflecting an increase from previous estimates [3][12] Group 2: Industry Analysis - The report indicates that the wool market is in the early stages of a price increase cycle, potentially comparable to peaks observed in 2011 and 2018, driven by supply constraints and improving demand [2][12] - The Australian wool production is projected to decline by 8.1% year-on-year, with a significant reduction in sheep numbers, which is expected to maintain upward pressure on prices [12] - The report notes that the overall demand for the white liquor industry is expected to decline by 20-30% during the 2025 Mid-Autumn Festival and National Day, with inventory levels increasing by 10-20% [3][13]

Group 1: Key Insights on New Australia Co. (新澳股份) - The Australian wool auction prices have reached record highs, with the Eastern Market Indicator rising by 112 AUD cents/kg to 1565 AUD cents/kg, marking a 7.7% increase month-on-month and a 41.8% increase year-on-year [2][12]. - The current price increase is seen as being in its early stages, with potential to match previous peaks from 2011 and 2018 due to supply constraints and improving demand [2][12]. - New Australia Co. is positioned to benefit directly from the wool cycle, with expectations of simultaneous increases in volume, price, and profit, leading to significant performance elasticity [2][12]. Group 2: Financial Projections for New Australia Co. - The company is expected to see an increase in net profit forecasts for 2025-2027, with projected profits of 460 million, 550 million, and 610 million CNY respectively, up from previous estimates [3]. - The price increase in wool is anticipated to lead to higher product prices, prompting an upward revision of gross margins and average prices for wool products [3]. Group 3: Insights on the White Wine Industry - The white wine industry is expected to see a year-on-year demand decline of 20-30% during the 2025 Mid-Autumn Festival and National Day, with inventory levels increasing by 10-20% [13]. - The performance of banquet consumption is below expectations, and gift demand is also declining, indicating a challenging market environment [13]. - The industry is anticipated to face pressure on financial statements, with some companies beginning to show signs of stress in Q2 2025, which may continue into Q1 2026 [13][14]. Group 4: Recommendations for White Wine Stocks - Investors are advised to remain patient and wait for opportunities, focusing on high-dividend stocks as a long-term investment strategy [13]. - Key recommended stocks include Guizhou Moutai, Shanxi Fenjiu, and Luzhou Laojiao, with attention also on Wuliangye, Jianshe Yuan, and Yingjia Gongjiu [13].

Market Overview - The ground equipment sector increased by 2.45% on September 30, with Tianqin Equipment leading the gains [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Top Performers in Ground Equipment Sector - Tianqin Equipment (300922) closed at 27.57, up 4.51% with a trading volume of 91,800 shares [1] - Beifang Navigation (600435) closed at 14.92, up 3.90% with a trading volume of 593,100 shares [1] - Zhongbing Hongjian (000519) closed at 18.34, up 2.92% with a trading volume of 439,900 shares [1] - Other notable performers include Beifang Changlong (301357) and Yuanke Shigong (688543), with increases of 2.91% and 2.87% respectively [1] Capital Flow Analysis - The ground equipment sector saw a net inflow of 318 million yuan from institutional investors, while retail investors experienced a net outflow of 333 million yuan [1] - The top stocks by net inflow from institutional investors include Zhongbing Hongjian (853.24 million yuan) and Changcheng Military Industry (680.32 million yuan) [2] - Retail investors showed significant outflows in stocks like Zhongbing Hongjian and Changcheng Military Industry, with outflows of 87.24 million yuan and 79.79 million yuan respectively [2]

Group 1 - The core announcement involves a tender for the procurement of testing center equipment by Guo Gao Material High Polymer Material Industry Innovation Center Co., Ltd, with a budget of 22.748 million yuan [1] - The tender was published on September 28, 2025, under the tender number 0724-25SMZ2166547 [1] - The ownership structure of Guo Gao Material High Polymer Material Industry Innovation Center Co., Ltd includes Jinfa Technology, Yichang Technology, and Tianqin Equipment, with respective shareholding ratios of 80%, 4%, and 2% [1]

Group 1 - The article discusses a conference featuring various industry experts from sectors such as mining, military, media, chemicals, transportation, new energy, agriculture, finance, automotive, and computing [2] - The conference is scheduled for September 29, 19:00, providing a platform for insights and discussions on industry trends and opportunities [3] Group 2 - The article includes contact information for participants to join the conference, highlighting the accessibility for both domestic and international attendees [4]