今天是热闹非凡的一天，一方面美国正举行陆军建军 250周年阅兵同时懂王79岁生日，另一方 面全美多地爆发反对特朗普政府移民、卫生、教育等方面政策的约2000场示威游行活动，活动 名为"不要国王"。川普的生日盛典和民众的No king怒吼交织一起，画面实在不要太美丽。 而更受关注的是中东伊以军事冲突继续升级，当地时间 6月13日凌晨，以色列对伊朗发动代号 为"狮子的力量"的大规模空袭。据伊朗方面消息，以色列此次袭击造成伊朗伊斯兰革命卫队总司 令萨拉米、武装部队总参谋长巴盖里死亡，此外还有10余名伊朗核科学家遇难。 当日晚间，伊朗发动 "真实诺言-3"行动对以色列进行报复，向以色列境内发射了200余枚导 弹，以色列方面表示，大部分导弹被拦截，但仍有部分导弹造成了人员伤亡和基础设施损毁。 随着双方冲突的爆发，地缘政治风险急剧升温，国际油价大幅跳涨，布伦特原油期货价格盘中一 度涨超 10%，突破92美元/桶，为去年10月以来新高；避险资产黄金价格也大幅拉升，纽约商 品交易所黄金期货市场交投最活跃的8月黄金期价13日比前一交易日上涨46.6美元，收于每盎司 3429.9美元，涨幅为1.38%。 所以若拼硬实力，以色列更 ...

Group 1: Geopolitical Tensions and Market Reactions - Israel launched airstrikes against Iran, involving 200 fighter jets, in response to over 100 drones fired by Iran towards Israel, escalating geopolitical tensions in the Middle East [4] - Following the airstrikes, aerospace stocks surged, with companies like Morningstar Aviation and AVIC Shenyang Aircraft Corporation hitting the daily limit up [1][4] - Multiple aerospace-related ETFs saw significant increases, with Wanji Fund Aerospace ETF rising by 2.04%, and other funds like Fuguo Fund Military Leaders ETF and Huaxia Fund Aerospace ETF increasing by 1.92% and 1.89% respectively [1][2] Group 2: Drone Warfare and Military Technology - The role of drones in warfare is evolving, transitioning from auxiliary equipment to primary battlefield assets, as evidenced by their effectiveness in the Russia-Ukraine conflict [4] - Russian President Putin announced the formation of unmanned systems units to enhance the deployment and development of drones, highlighting their capabilities in various military operations [4] - The demand for drones is expected to rise, alongside the need for counter-drone technologies, as military conflicts increasingly rely on unmanned aerial vehicles [6][7] Group 3: Investment Opportunities in Aerospace and Defense - The aerospace sector is divided into three main areas: aerospace manufacturing, civil aviation, and military aviation, with significant investment opportunities emerging in the low-altitude economy [8] - The National Postal Bureau of China is promoting the development of delivery drones, indicating a growing trend in the low-altitude economy [7] - The National Aerospace Index has a high concentration in the defense and military sector, with 99.17% of its composition, while the General Aviation Index includes a mix of defense, computer, and other sectors [9][10] Group 4: ETF Performance and Composition - The top ten holdings in the National Aerospace Index include leading companies in the military sector, such as Guangqi Technology and AVIC Shenyang Aircraft Corporation, with a combined weight of 52.51% [12][15] - The largest ETF tracking the General Aviation Index is the Yongying Fund General Aviation ETF, with a scale of 884 million yuan, while the largest ETF for the National Aerospace Index is the Huaxia Fund Aerospace ETF, with a scale of 223 million yuan [17]

证券代码：688002 证券简称：睿创微纳 公告编号：2025-042 转债代码：118030 转债简称：睿创转债 烟台睿创微纳技术股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 烟台睿创微纳技术股份有限公司（以下简称"公司"）于 2024 年 6 月 14 日 召开了第三届董事会第十六次会议、第三届监事会第十三次会议，审议通过了《关 于使用部分闲置募集资金暂时补充流动资金的议案》，同意公司在确保不影响募 集资金投资项目正常实施的前提下，使用额度不超过人民币 4 亿元的闲置募集资 金暂时补充流动资金，使用期限自本次董事会审议通过之日起不超过 12 个月。 具体内容详见公司在上海证券交易所网站（www.sse.com.cn）披露的《关于使用 部分闲置募集资金暂时补充流动资金的公告》（公告编号：2024-047）。 根据董事会决议，公司在规定期限内实际使用了人民币 35,000 万元闲置募 集资金暂时补充流动资金，并对资金进行了合理的安排与使用，没有影响募集资 金投资项目建设进度的正常进行。 截至本公告披露日，公 ...

| 证券代码：688002 | 证券简称：睿创微纳 | 公告编号：2025-042 | | --- | --- | --- | | 转债代码：118030 | 转债简称：睿创转债 | | 烟台睿创微纳技术股份有限公司 截至本公告披露日，公司已将上述用于暂时补充流动资金的 35,000 万元闲 置募集资金全部归还至募集资金专用账户，并将上述募集资金的归还情况通知了 公司的保荐机构及保荐代表人。 特此公告。 烟台睿创微纳技术股份有限公司 董事会 关于归还暂时补充流动资金的闲置募集资金的公告 2025 年 6 月 12 日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 烟台睿创微纳技术股份有限公司（以下简称"公司"）于 2024 年 6 月 14 日 召开了第三届董事会第十六次会议、第三届监事会第十三次会议，审议通过了《关 于使用部分闲置募集资金暂时补充流动资金的议案》，同意公司在确保不影响募 集资金投资项目正常实施的前提下，使用额度不超过人民币 4 亿元的闲置募集资 金暂时补充流动资金，使用期限自本次董事会审议通过之日起不超 ...

| 证券代码：688002 | 证券简称：睿创微纳 | 公告编号：2025-041 | | --- | --- | --- | | 转债代码：118030 | 转债简称：睿创转债 | | 烟台睿创微纳技术股份有限公司 关于"睿创转债"跟踪信用评级结果的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 根据《上市公司证券发行注册管理办法》《上海证券交易所科创板股票上市 规则》等有关规定，烟台睿创微纳技术股份有限公司(以下简称"公司") 委托 信用评级机构上海新世纪资信评估投资服务有限公司(以下简称"上海新世纪") 对 2022 年公司向不特定对象发行的可转换公司债券(以下简称"睿创转债") 进 行了跟踪信用评级。 公司前次主体信用等级为"AA"，"睿创转债"的信用等级为"AA"，并将 睿创微纳及睿创转债列入评级观察名单。评级机构为上海新世纪，评级日期为 2024 年 6 月 20 日。 评级机构上海新世纪在对公司经营状况及相关行业进行综合分析与评估的基 础上，于 2025 年 6 月 10 日出具了《20 ...

内部编号:2025060042 2022 年烟台睿创微纳技术股份有限公司 向不特定对象发行可转换公司债券 定期跟踪评级报告 项目负责人: 王婷亚 黄梦姣 足榜在 书,男女 wty@shxsj.com hmj@shxsj.com 项目组成员: 张明海 82-167 评级总监: 联系电话:(021)63501349 联系地址:上海市黄浦区汉口路 398 号华盛大厦 14 层 公司网站：www.shxsj.com 上海新世纪资信评估投资服务有限公司 Shanghai Brilliance Credit Rating & Investors Service Co., Ltd. t a serie 声明 除因本次评级事项使本评级机构与评级对象构成委托关系外,本评级机构、评级人员与评级对象不存在任何影响 评级行为独立、客观、公正的关联关系。 本评级机构与评级人员履行了调查和诚信义务，所出具的评级报告遵循了真实、客观、公正的原则。 本报告的评级结论是本评级机构依据合理的内部信用评级标准和程序做出的独立判断，未因评级对象和其他任 何组织或个人的不当影响改变评级意见。 本次跟踪评级依据评级对象及其相关方提供或已经正式对外公布的 ...

Group 1 - The company's previous credit rating was "AA" and the credit rating for "Rui Chuang Convertible Bonds" was also "AA", with both being placed on the rating watch list [1][2] - The current credit rating for the company remains "AA", has been removed from the rating watch list, and the rating outlook is "stable" [1][2] - The credit rating agency Shanghai New Century conducted a follow-up credit rating for the company's convertible bonds issued in 2022, maintaining the "AA" rating for both the company and the bonds [2] Group 2 - The follow-up rating report was issued on June 10, 2025, and disclosed on the Shanghai Stock Exchange website [2] - The report is based on a comprehensive analysis of the company's operational status and related industry [2]

Core Viewpoint - The company, Yantai Ruichuang Micro-Nano Technology Co., Ltd., is positioned in a promising industry with significant growth potential in the infrared thermal imaging market, driven by increasing demand and technological advancements [1][2][3] Industry Development Outlook - The infrared thermal imaging industry is characterized as a sunrise industry with low penetration rates, indicating substantial future growth opportunities [1][2] - The demand for civilian infrared products is expected to maintain rapid growth due to decreasing prices and increasing applications [1][2] Company Position and Financial Health - Ruichuang Micro-Nano holds a strong market position in the non-cooling infrared thermal imaging segment, being one of the few companies capable of independent research and mass production of non-cooling infrared detector chips [1][2][3] - The company has a robust cash position and diverse sales channels, which provide a solid foundation for debt repayment [1][2] Revenue and Profitability - The company reported total revenue of 43.16 billion yuan in 2024, reflecting a year-on-year growth of 21.28% [7][8] - The adjusted gross margin for 2024 was 45.21%, indicating an increase from previous years, driven by the growth in the infrared thermal imaging business [8] R&D and Innovation - The company has a well-established R&D framework, with R&D expenses amounting to 8.61 billion yuan in 2024, representing 19.94% of total revenue [13][15] - The company has achieved significant technological advancements, including the development of the world's first large-area non-cooling infrared detector with a pixel pitch of 8μm [13][15] Market Risks and Challenges - The company faces ongoing pressures from rapid technological updates and intense market competition, necessitating continuous innovation and R&D investment [2][3] - The concentration of accounts receivable and inventory remains high, which poses potential asset impairment risks [2][3] Investment Projects and Use of Proceeds - The proceeds from the convertible bond issuance are primarily allocated to various projects, including the supply chain center for infrared thermal imaging systems, which is expected to be completed on schedule [3][4] - As of March 2025, the company has utilized 11.54 billion yuan of the 20 billion yuan planned for investment projects, with significant progress reported in the supply chain center project [3][4]

评级机构上海新世纪在对公司经营状况及相关行业进行综合分析与评估的基 础上，于 2025 年 6 月 10 日出具了《2022 年烟台睿创微纳技术股份有限公司向不 特定对象发行可转换公司债券定期跟踪评级报告》(新世纪跟踪（2025）100057 ), 前次债券评级: 公司主体信用等级为"AA"，"睿创转债"的信用等级为"AA"， 并将睿创微纳及睿创转债列入评级观察名单。 本次债券评级: 公司主体信用等级为"AA"，移出评级观察名单，评级展 望为"稳定"，"睿创转债"的信用等级为"AA"。 | 证券代码：688002 | 证券简称：睿创微纳 | 公告编号：2025-041 | | --- | --- | --- | | 转债代码：118030 | 转债简称：睿创转债 | | 烟台睿创微纳技术股份有限公司 关于"睿创转债"跟踪信用评级结果的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 根据《上市公司证券发行注册管理办法》《上海证券交易所科创板股票上市 规则》等有关规定，烟台睿创微纳技术股份有限公司(以下简 ...

内部编号:2025060042 2022 年烟台睿创微纳技术股份有限公司 向不特定对象发行可转换公司债券 定期跟踪评级报告 项目负责人: 王婷亚 黄梦姣 足榜在 书,男女 wty@shxsj.com hmj@shxsj.com 项目组成员: 张明海 82-167 评级总监: 联系电话:(021)63501349 联系地址:上海市黄浦区汉口路 398 号华盛大厦 14 层 公司网站：www.shxsj.com 上海新世纪资信评估投资服务有限公司 Shanghai Brilliance Credit Rating & Investors Service Co., Ltd. t a serie 声明 除因本次评级事项使本评级机构与评级对象构成委托关系外,本评级机构、评级人员与评级对象不存在任何影响 评级行为独立、客观、公正的关联关系。 本评级机构与评级人员履行了调查和诚信义务，所出具的评级报告遵循了真实、客观、公正的原则。 本报告版权归本评级机构所有，未经授权不得修改、复制、转载、散发、出售或以任何方式外传。 未经本评级机构书面同意，本报告、评级观点和评级结论不得用于其他债券的发行等证券业务活动。本评级机构 对本报 ...