Core Viewpoint - The company is actively engaging in various business segments, including civil aviation, international cooperation, and derivative businesses, with a focus on expanding market share and enhancing brand influence amid the recovery of the aviation industry. Group 1: Civil Aviation Business - The company is a key player in the commercial aircraft supply chain, prioritizing resources to support the development and certification of commercial engines, expecting a positive impact on performance in the latter half of the 14th Five-Year Plan as domestic aircraft power systems are advanced [1] - The company aims to form a second growth curve by integrating into the large aircraft industry chain [1] Group 2: International Cooperation - The international cooperation business, which involves providing precision components for well-known foreign aviation companies, saw a revenue increase of 11.84% year-on-year in the first half of the year [1] - The company plans to seize opportunities from the recovery of international civil aviation to expand its market and enhance cooperation levels [1] Group 3: Derivative Business - In the first half of 2025, the derivative business generated revenue of 92.67 million yuan, with a slight decline due to customer demand shifts [1] - The company is adjusting its product structure and exploring new markets, such as general aviation power control, to positively impact performance [1] Group 4: General Aviation Power Business - The company is actively involved in the development of mid-to-high-end general aviation power products, with promising prospects due to low-altitude economic policies and infrastructure development [1] - The AES100 product has received production certification in collaboration with the main engine manufacturer [1] Group 5: Performance Changes - The decline in revenue and profit in the first half of 2025 is primarily attributed to the impact of tax reform policies [1] Group 6: Military Trade Business - The company is working with relevant parties to expand the foreign aviation power equipment market, with new opportunities arising from the demand for domestically developed high-performance aviation equipment [1] Group 7: Capacity Assurance - The company adheres to a "small core, large collaboration, specialization, and openness" system to strengthen internal capabilities and leverage external supply chains [1] - Current capacity is sufficient to meet production and repair tasks, with expectations for growth in the main business scale over the next 2-3 years [1] Group 8: Group Reform Progress - A new company, Wuxi Motion Control Technology Co., Ltd., has been established, with personnel transitions underway [1] Group 9: Equity Incentives - The company is implementing diverse incentive measures for key talents and exploring positive incentive mechanisms, with plans to disclose progress in accordance with regulations [1]

Group 1: Business Development and Revenue - The company is a key supporting unit in the commercial engine supply chain, focusing on the development of the Changjiang series engines and aiming to form a second growth curve through participation in the large aircraft industry [2] - In the first half of 2025, the company's international cooperation business revenue increased by 11.84% year-on-year, driven by contracts with renowned international aviation companies [3] - The company's derived business achieved revenue of 92.67 million yuan in the first half of 2025, slightly down due to customer demand shifts, but expected to positively impact performance through product structure adjustments and new market exploration [4] Group 2: Market Outlook and Strategic Initiatives - The company anticipates positive impacts on performance from the domestic production of large aircraft engines, particularly in the latter half of the 14th Five-Year Plan [2] - The company is actively participating in the development of high-end general aviation power and drone control systems, with a broad market outlook supported by national low-altitude economic policies [4] - The company is focusing on expanding its international outsourcing business market share and brand influence, leveraging the recovery of international civil aviation [3] Group 3: Challenges and Future Projections - The primary reasons for the decline in overall revenue and profit in the first half of 2025 were attributed to the impact of tax reform policies [5] - The company is optimistic about the future of military trade products, expecting new opportunities for exports of domestically developed high-performance aviation equipment [6] - The company plans to enhance its core capabilities to meet future business needs through precise investments and the implementation of ongoing construction projects [7]

Core Insights - The aviation equipment sector experienced a decline of 0.73% on September 12, with Filihua leading the drop [1][2] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Stock Performance - Notable gainers in the aviation equipment sector included: - Maxinlin (688685) with a closing price of 60.40, up 3.34% [1] - Boyun New Material (002297) at 8.83, up 2.91% [1] - Zongheng Co. (688070) at 53.29, up 2.72% [1] - Filihua (300395) was the largest loser, closing at 86.26, down 4.78% with a trading volume of 263,100 shares and a transaction value of 2.268 billion [2] Capital Flow - The aviation equipment sector saw a net outflow of 844 million from institutional investors, while retail investors contributed a net inflow of 534 million [2][3] - The capital flow for key stocks showed: - Filihua had a net outflow of 64.21 million from institutional investors [3] - Boyun New Material experienced a net inflow of 37.04 million from institutional investors [3]

一、股东会有关情况 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、准确性和完整性承担法律责任。 1.原股东会的类型和届次： ■ 二、更正补充事项涉及的具体内容和原因 中国航发动力股份有限公司（以下简称公司）于2025年8月28日在上海证券交易所网站 （www.see.com.cn）披露了《中国航发动力股份有限公司关于召开2025年第二次临时股东会的通知》 （编号2025-024）。因公司会务安排调整，便于股东参加会议，现将本次股东会召开地点变更为：辽宁 省大连市大外国际文化交流中心一楼毓秀会议室。 三、除了上述更正补充事项外，公司于2025年8月28日公告的《中国航发动力股份有限公司关于召开 2025年第二次临时股东会的通知》中所披露原股东会通知事项不变。 四、更正补充后股东会的有关情况 2025年第二次临时股东会 2.原股东会召开日期：2025年9月19日 3.原股东会股权登记日： 1.现场股东会召开日期、时间和地点 召开日期时间：2025年9月19日11点00分 召开地点：辽宁省大连市大外国际文化交流中心一楼毓秀会议室 2.网络投票的系统、起止日期和 ...

Group 1 - The company stated that its operating conditions are normal and there are no undisclosed significant information that needs to be disclosed [2] - The company will strictly follow legal regulations and its share repurchase plan during the repurchase period and will fulfill its information disclosure obligations in a timely manner [2]

证券日报网讯贵航股份（600523）9月11日在互动平台回答投资者提问时表示，公司航品业务涉及航空 开关及其衍生产品、航空电机及其衍生产品、航空密封件及其衍生产品。 ...

证券日报网讯中航西飞9月11日在互动平台回答投资者提问时表示，上市公司股价受宏观经济、行业政 策、市场情绪、资金流向等多种因素综合影响，公司目前生产经营情况正常，后续公司将加强市值管理 工作，一是持续深耕主业，深化改革以提升运营效率和经营效益，为市值稳定提供坚实的业绩支撑。二 是积极开展投资者关系管理，通过业绩说明会、投资者调研等多种形式，加强与市场沟通，提升公司价 值、维护股东利益，增进投资者对公司的了解和认同。三是合理制定利润分配政策，落实"长期、稳 定、可持续"的股东回报机制，与投资者共享发展成果。 （文章来源：证券日报） ...

Group 1 - The company has established a strategic partnership with leading eVTOL manufacturers, which is significant for the aviation industry [2] - The company possesses technical advantages in developing D-level full-motion flight simulators and has successfully delivered the first domestic A320 CEO/NEO and B737NG, B737MAX D-level full-motion flight simulators [2] - The company has led the formulation of the group standard for "Data Exchange Requirements for Civil Flight Simulation Training Equipment" in collaboration with domestic simulator manufacturers [2] Group 2 - The company has successfully developed the first domestic 600 kW class turboshaft drone engine control system and has begun small-scale deliveries to customers [2]

Group 1 - The number of shareholders for the company as of September 10 is 71,971, a decrease of 7,209 from the previous period (August 31), representing a decline of 9.10% [2] - The closing price of the company's stock is 82.81 yuan, an increase of 2.75%, but the stock has cumulatively decreased by 18.77% since the concentration of shares began, with 4 days of increase and 5 days of decrease during this period [2] - The company's semi-annual report indicates that it achieved operating revenue of 20.702 billion yuan in the first half of the year, a year-on-year decrease of 38.99%, and a net profit of 913 million yuan, down 68.33% year-on-year, with basic earnings per share of 0.3416 yuan and a weighted average return on equity of 4.72% [2]

Core Insights - The aviation equipment sector experienced a significant increase of 2.26% on September 11, with Mai Xinlin leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Sector Performance - Mai Xinlin (688685) saw a closing price of 58.45, with a remarkable increase of 12.40% and a trading volume of 79,800 shares, amounting to a transaction value of 454 million [1] - Other notable performers included: - Feili Hua (300395) with a closing price of 90.59, up 8.86%, trading 415,000 shares for a total of 3.79 billion [1] - Chaozhuo Hangke (688237) at 51.00, up 3.91%, with a transaction value of 110 million [1] - Guangqi Technology (002625) at 47.24, up 3.21%, with a transaction value of 1.82 billion [1] Fund Flow Analysis - The aviation equipment sector experienced a net outflow of 354 million from institutional investors and 244 million from speculative funds, while retail investors contributed a net inflow of 597 million [1] - Specific stock fund flows included: - Guangqi Technology (002625) with a net inflow of 91.29 million from institutional investors, but a net outflow of 33.93 million from speculative funds [2] - Li Jun Shares (002651) had a net inflow of 55.45 million from institutional investors, with a net outflow of 20.93 million from speculative funds [2] - Hai Te Gao Xin (002023) saw a net inflow of 28.31 million from institutional investors, while speculative funds had a net outflow of 18.02 million [2]