证券代码：002625 证券简称：光启技术 公告编号：2025-100 光启技术股份有限公司 关于召开 2025 年第五次临时股东会的通知 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。 光启技术股份有限公司（以下简称"公司"）第五届董事会第二十六次会议于2025年 11月25日召开，会议审议通过了《关于召开2025年第五次临时股东会的议案》，决定于2025 年12月12日（星期五）召开公司2025年第五次临时股东会（以下简称"本次股东会"）。现 将本次股东会有关事项公告如下： 一、召开会议的基本情况 1、股东会届次：2025 年第五次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上市 规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法 律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 12 月 12 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 12 ...

Core Viewpoint - Guangqi Technology (002625.SZ) announced an employee stock ownership plan for 2025, which will utilize shares repurchased from the market [1] Group 1: Employee Stock Ownership Plan - The employee stock ownership plan will involve a maximum of 1.36 million shares [1] - The purchase price for the repurchased shares under this plan is set at 28.65 yuan per share [1] - Funding for the plan will come from employees' legal salaries, self-raised funds, and other legally permitted methods [1] Group 2: Financial Support and Guarantees - The company will not provide any financial assistance such as loans, guarantees, or advances to the participants of the employee stock ownership plan [1] - There are no arrangements for third parties to provide rewards, subsidies, or guarantees for the participants of this plan [1]

证券代码：002625 证券简称：光启技术 公告编号：2025-099 光启技术股份有限公司 第五届董事会第二十六次会议决议公告 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、董事会会议召开情况 光启技术股份有限公司（以下简称"公司"）第五届董事会第二十六次会议 于 2025 年 11 月 20 日以直接送达、电子邮件等方式发出了会议通知，会议于 2025 年 11 月 25 日以通讯方式召开。会议应出席董事 7 名，实际出席董事 7 名。本次 会议的召集、召开符合《中华人民共和国公司法》（以下简称"《公司法》"） 和《光启技术股份有限公司章程》（以下简称"《公司章程》"）等的相关规定。 会议审议通过了如下决议： 二、董事会会议审议情况 1、以 6 票赞成、0 票反对、0 票弃权的表决结果，审议通过《关于公司<2025 年员工持股计划（草案）>及其摘要的议案》，关联董事金曦先生回避表决 为了建立和完善员工、股东的利益共享机制，进一步改善公司治理水平，提 高职工的凝聚力和公司竞争力，促进公司长期、持续、健康发展，充分调动公司 员工对公司的责任意识，吸引和保 ...

Core Viewpoint - The aviation equipment sector experienced a decline of 1.92% on November 26, with Morningstar Aviation leading the drop, while the overall market showed mixed results with the Shanghai Composite Index down 0.15% and the Shenzhen Component Index up 1.02% [1][2]. Market Performance - The aviation equipment sector's performance was highlighted by individual stock movements, with notable declines in stocks such as Morningstar Aviation, which fell by 11.35% to a closing price of 17.42 [2]. - The sector's trading volume and turnover were significant, with stocks like Guangqi Technology and Feiliwa showing positive movements, while others like ST Lian Shi and Hangfa Power experienced slight declines [1][2]. Capital Flow - The aviation equipment sector saw a net outflow of 999 million yuan from institutional investors, while retail investors contributed a net inflow of 524 million yuan [2][3]. - Specific stocks like Feiliwa and ST Lian Shi had varying capital flows, with Feiliwa experiencing a net outflow from institutional investors of 35.02 million yuan [3].

11月26日午盘，军工板块震荡调整。截至13:58，航空航天 ETF（159227）跌幅2.53%，成交额达2.99亿 元，稳居同类第一。持仓股中仅光启技术上涨。 中国科学院国家空间科学中心11月24日下午在北京怀柔科学城举行空间科学先导专项最新亮点成果发布 会，集中发布空间科学卫星任务在宇宙暂现天体、宇宙线传播、太阳爆发等领域取得的系列重大科学突 破，这标志着中国空间科学创新发展进入"快车道"。 每日经济新闻 中航证券推荐关注与智能驾驶、低空经济以及人工智能等战略新兴产业存在相关业务交叉的上市公司。 智能驾驶、低空经济、人工智能与商业航天产业在多个中上游领域存在很多交叉领域，如高可靠性集成 电路、惯性导航、雷达、卫星高精度导航、卫星特种遥感应用等，在军民领域都有布局的相关上市公司 的关注度有望持续提升。 航空航天ETF（159227）跟踪国证航天指数，深度布局航空航天产业链。成分股精选军工领域头部企 业，涵盖大飞机研制、低空经济、商业航天等新兴领域，深度契合新质生产力发展方向。 ...

Group 1 - The major indices mostly rose in early trading on November 26, with the commercial aerospace concept experiencing a peak and subsequent pullback [1] - The Aerospace ETF Tianhong (159241) recorded a trading volume exceeding 49 million yuan, with Guangqi Technology leading the gains among its constituent stocks [1] - As of November 25, the Aerospace ETF Tianhong (159241) has attracted over 140 million yuan in capital since the beginning of November [1] - The ETF tracks the Guozheng Aerospace Index, which covers the aerospace industry chain, with a combined weight of over 68% in aerospace and aviation equipment [1] - The top ten holdings include leading state-owned enterprises such as Aero Engine Corporation of China, AVIC Shenyang Aircraft Corporation, and AVIC Chengfei, providing both stability from core assets and growth potential from smaller market cap companies [1] Group 2 - The 2025 Asia General Aviation Exhibition is set to open on November 27 in Zhuhai, featuring 381 companies from 22 countries and regions [1] - On November 23, various performance teams conducted their first adaptive flight training after transitioning to Zhuhai, with the "Red Star" flight demonstration team showcasing maneuvers such as ultra-low altitude vertical climbs and half-roll landings for the first time to the public [1] - Zhuhai has established a "dual exhibition" pattern with the biennial "China Airshow" and the annual "Asia General Aviation Exhibition," aiming to deepen low-altitude economic applications and stimulate greater potential for the "Sky City" [2] Group 3 - Guotai Junan Securities believes that the Chinese aviation industry is entering a "super cycle" and suggests seizing the opportunity during this counter-cyclical period, emphasizing the long-term logic of the Chinese aviation industry [3]

Group 1 - The core viewpoint of the news is that the commercial aerospace sector is entering a new era driven by specific policy implementations and industrial growth, with significant investment opportunities anticipated in the medium to long term [1][2]. Group 2 - As of November 26, 2025, the Zhongzheng General Aviation Theme Index (931855) shows mixed performance among its constituent stocks, with Leike Defense (002413) leading with a 9.99% increase, followed by Guangqi Technology (002625) at 2.27%, and Zongheng Co. (688070) at 1.70%, while Chenxi Aviation (300581) is the biggest loser [1]. - The General Aviation ETF Fund (561660) is currently priced at 0.99 yuan [1]. - On November 25, the National Space Administration issued the "Action Plan for Promoting High-Quality and Safe Development of Commercial Aerospace (2025-2027)," which aims to achieve high-quality development in the commercial aerospace sector by 2027, introducing 21 key initiatives [1]. - Key initiatives include accelerating the legislation of national aerospace laws and establishing a national commercial aerospace development fund [1]. - The 14th Five-Year Plan emphasizes the goal of becoming a "strong aerospace nation," leading to clearer development plans for the aerospace industry and the expectation of more substantial policy implementations [1]. - The demand for satellite networking is surging due to the scarcity of low-orbit satellite frequency resources, with steady progress in related technological innovations, accelerating the industrialization process of domestic commercial aerospace [1].

航空航天ETF（159227）紧密跟踪国证航天指数，申万一级军工行业占比高达98.2%，堪称全市场"军工 纯度"最高的指数，覆盖航空装备、航天装备、卫星导航、新材料等关键产业链环节，成分股精选军工 领域头部企业，涵盖大飞机研制、低空经济、商业航天等新兴领域，商业航天概念权重占比高达54%。 11月26日，A股三大指数低开高走，先后翻红，航空航天ETF（159227）再度调整，截止9点48分，跌幅 1.75%，成交额已达6222万元，持仓股中仅光启技术、纳睿雷达上涨，长城军工、航天发展、中国海 防、天和防务等跌幅居前。 消息面上，国家航天局印发《国家航天局推进商业航天高质量安全发展行动计划（2025—2027年）》。 行动计划指出，扩大政府采购。加大力度推动政府部门公益需求统筹，完善政府采购服务机制，推动商 业运载火箭、商业卫星、商业发射场、商业测运控设施等商业能力参与国家航天任务，鼓励各级政府部 门扩大商业航天服务采购。 中泰证券表示，商业航天产业正进入新一轮高速发展期，我国商业航天企业数量已超过600家，商业航 天发射工位合计25个（在运营18个、在建7个），GW星座组网发射明显提速，可回收火箭技术即将进 ...

- The report predicts adjustments to the sample stocks of the CSI 300, CSI 500, and CSI Dividend indices for December 2025 based on their respective index compilation and periodic adjustment rules[13][14][21] - **CSI 300 Index**: The CSI 300 Index is composed of 300 securities with large scale, good liquidity, and high representativeness from the Shanghai and Shenzhen markets. The selection process involves determining the sample space and then selecting the top 300 securities based on daily average trading volume and market capitalization over the past year. Adjustments are capped at 10% of the total sample size, with buffer zone rules applied to prioritize retention of existing samples and inclusion of new ones ranked within specific thresholds[14][15][16] - **CSI 500 Index**: The CSI 500 Index excludes the CSI 300 samples and the top 300 securities by market capitalization. The remaining securities are ranked by daily average trading volume and market capitalization, with the top 500 selected. Adjustments are also limited to 10% of the total sample size, with buffer zone rules ensuring the retention of old samples and prioritization of new ones ranked within specific thresholds[21][23] - **CSI Dividend Index**: This index selects 100 securities with high cash dividend yields, stable dividends, and sufficient liquidity. The selection process involves ranking securities by their average cash dividend yield over the past three years and applying liquidity and dividend payout ratio requirements. Adjustments are limited to 20% of the total sample size, with buffer zone rules applied to retain existing samples meeting specific criteria[25][26][28] - Predicted adjustments include the addition of 11 stocks to the CSI 300 Index, 50 stocks to the CSI 500 Index, and 7 stocks to the CSI Dividend Index. Examples of predicted additions include Huadian New Energy, Shenghong Technology, and Guangqi Technology for the CSI 300 Index; Electric Power Investment Energy, Supor, and Shenergy for the CSI 500 Index; and China National Offshore Oil Corporation, Sophia, and Baoxibird for the CSI Dividend Index[18][22][28]

Core Viewpoint - The company, Guangqi Technology, announced on November 24 that it has disclosed contracts worth 2.789 billion yuan for the mass production of metamaterial products since early 2025, indicating strong demand for its main business [2] Group 1 - The company has reported a total of 2.789 billion yuan in contracts for metamaterial products [2] - The main products, complex functional components of metamaterials, are crucial for the latest generation of aerospace advanced equipment [2] - The performance parameters of these metamaterials significantly outperform other solutions [2]