Core Viewpoint - The essence of innovation is deeply embedded in the DNA of China's aviation industry, emphasizing the importance of self-reliance in aircraft design and development [1][3]. Group 1: Historical Development - The Shenyang Aircraft Design Institute, established in 1961, has achieved multiple milestones in China's aviation history, including the first high-altitude, high-speed jet fighter and the first carrier-based fighter [3]. - The institute has undertaken the development of over 40 key aircraft models, including the J-8, J-11, J-15, J-35, and various drones, marking the evolution from second-generation to fourth-generation fighters [3][7]. Group 2: Innovation and Challenges - The successful landing of the J-15 on the aircraft carrier Liaoning was achieved in less than two months after its commissioning, showcasing the team's rigorous preparation and innovative spirit [5]. - The institute has established various specialized laboratories and strengthened collaborations with external industry labs and educational institutions to enhance technological capabilities [5][7]. Group 3: Legacy and Future - The Shenyang Aircraft Design Institute honors the legacy of its heroes, such as the late Luo Yang, by forming the "Luo Yang Youth Commando Team" to inspire dedication and innovation among younger generations [8]. - The upcoming 15th China International Aviation and Aerospace Exhibition will feature the J-35A, highlighting the institute's commitment to high-performance aircraft design and the development of a skilled workforce [8][9]. Group 4: Design Philosophy - The design philosophy emphasizes a craftsman spirit, focusing on perfection and attention to detail in every aspect of aircraft design [9]. - Continuous dedication to innovation is seen as essential for the future success of the aviation industry in China [9].

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 北京新兴东方航空装备股份有限公司（以下简称"公司"或"本公司"）2024年度利润分配方案已获2025年 4月28日召开的2024年年度股东大会审议通过，现将权益分派事宜公告如下： 一、股东大会审议通过利润分配方案的情况 1、公司2024年年度股东大会审议通过2024年度利润分配方案为：以2024年12月31日总股本117,350,000 股为基数，向全体股东每10股派发现金红利0.20元（含税），共计派发现金红利2,347,000.00?元，不送 红股，不进行资本公积金转增股本，剩余未分配利润滚存至以后年度分配。若在利润分配预案公告后至 实施前公司总股本由于可转债转股、股份回购、股权激励行权、再融资新增股份上市等原因而发生变 化，将按照现有分配比例不变的原则相应调整利润分配总额。 2、自分配方案披露至实施期间，公司股本总额未发生变化。 3、本次实施的分配方案与公司2024年年度股东大会审议通过的分配方案及其调整原则一致。 4、本次实施分配方案距离公司2024年年度 ...

证券研究报告 策略 TMT 和先进制造景气回升 华泰研究 2025 年 6 月 12 日│中国内地 策略月报 核心观点 我们的中观景气模型显示，5 月全行业景气指数小幅回落，但下行斜率放缓。 分板块看，大金融、TMT、先进制造景气明显回升，景气改善或有一定持续 性的品种包括：1）TMT：AI 产业趋势方兴未艾，元件-存储链、通信设备、 游戏（新增）景气爬坡，软件景气筑底；2）制造：部分先进制造产能出清 或准出清，且需求有企稳迹象，如通用、自动化景气爬坡，风电、光伏、航 空装备景气回升；3）消费：新消费和大众品率先改善，美护、饰品（新增） 景气爬坡，啤酒（新增）、调味品、乳制品景气回升；4）其它：医药（投融 资周期回暖）、保险（新增）、电力（新增）景气回升，贵金属维持高位。 TMT：元件-存储链、通信设备、游戏景气爬坡，软件景气筑底 AI Agent 渗透率处于"奇点时刻"，海外 AI 资本开支有韧性，大模型迭代等 产业催化密集：1）元件-存储链：上游 PCB 台股 4 月营收同比增速回升； 中游 DXI 指数同比增速连续 3 个月回升，DRAM 价格同比降幅收窄，存储 周期有企稳回升迹象；2）通信设备：4 月 ...

近日，中航重机（600765）发布两则相关公告，再度为其市值管理工作注入强劲动力。公告指出，公司 2024年度现金分红计划与股份回购方案均实现有序推进，分别获股东大会审议通过，标志着中航重机在 资本市场回报机制方面迈出实质性步伐，也释放出其对企业长期价值与股东权益高度负责的积极信号。 在分红方面，公司将向全体股东每股派发现金红利0.1218元(含税)，合计派发金额约1.92亿元，将在6月 17日完成红利发放。在军工板块整体业绩承压、资本市场风格回归基本面的大背景下，中航重机坚持开 展稳定现金分红，体现出公司稳健的经营能力和良好的现金流状况，也体现出对广大投资者的长期承 诺。 从资本市场角度看，中航重机此番主动作为，背后反映出公司高层对于企业内在价值的坚定信心。在外 部不确定性与内部结构优化并存的阶段，中航重机选择以实际行动兑现市值管理承诺，也进一步印证其 在构建"价值创造—价值实现"闭环路径上的主动转型。 未来，随着航空主业产能逐步释放、核心型号交付节奏加快，中航重机的发展动能有望持续增强。在此 过程中，公司通过稳定的现金分红与股份回购机制，进一步完善股东回报体系，不仅提升了资本市场的 认可度，也有助于强化其 ...

证券代码：002933 证券简称：新兴装备 公告编号：2025-026 北京新兴东方航空装备股份有限公司 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。 北京新兴东方航空装备股份有限公司（以下简称"公司"或"本公司"）2024 年度利润分配方案已获 2025 年 4 月 28 日召开的 2024 年年度股东大会审议通过， 现将权益分派事宜公告如下： 一、股东大会审议通过利润分配方案的情况 年 12 月 31 日总股本 117,350,000 股为基数，向全体股东每 10 股派发现金红利 积金转增股本，剩余未分配利润滚存至以后年度分配。若在利润分配预案公告后 至实施前公司总股本由于可转债转股、股份回购、股权激励行权、再融资新增股 份上市等原因而发生变化，将按照现有分配比例不变的原则相应调整利润分配总 额。 其调整原则一致。 两个月。 二、权益分派方案 本公司 2024 年年度权益分派方案为：以公司现有总股本 117,350,000 股为基 数，向全体股东每 10 股派 0.20 元人民币现金（含税；扣税后，境外机构（含 QFII、 RQFII）以及持有首发前限售 ...

Key Points - The company has adjusted the maximum repurchase price from RMB 17.13 per share to RMB 17.06 per share, effective from June 11, 2025 [1][2] - The total amount allocated for the share repurchase is between RMB 300 million and RMB 500 million, with an estimated repurchase quantity of approximately 17,584,995 shares, representing about 0.36% to 0.99% of the company's total share capital [2][3][4] - The adjustment in the repurchase price is due to the distribution of cash dividends of RMB 0.7 per 10 shares, totaling RMB 338,722,764.10, which will be distributed to shareholders on June 10, 2025 [2][3]

Core Viewpoint - The AG600 amphibious aircraft, developed independently by China, has received a production license from the Civil Aviation Administration of China (CAAC), marking its entry into mass production [1] Group 1: Certification Process - The AG600 aircraft must obtain three airworthiness certificates to enter the commercial market, having already secured two and requiring one more [2] - The three necessary certificates include the Type Certificate, Production License, and Individual Aircraft Airworthiness Certificate [5] - The Type Certificate was obtained in April, indicating the design approval of the aircraft [7] Group 2: Production and Delivery - The recently acquired Production License signifies that the aircraft's production has been approved, akin to a "birth certificate" for the aircraft [9] - The first batch of three AG600 aircraft is currently in mass production, with the first aircraft having completed its initial production test flight [16][17] - The delivery of the first three aircraft is expected within this year, enhancing operational capabilities for emergency response [19] Group 3: Industry Impact - The successful mass production of the AG600 is a milestone in China's aviation emergency rescue equipment system [23] - The industrialization of the AG600 has fostered independent innovation and development within the civil aviation industry chain and supply chain [23] - The AG600 platform's scalability allows for future development for various applications, including marine rights protection and environmental monitoring [25]

记者从中国航空工业集团有限公司获悉，6月11日，我国完全自主研制的大型水陆两栖飞机AG600"鲲 龙"在广东珠海获颁中国民航局生产许可证。这一证件就好比飞机的"出生证"，标志着AG600飞机正式 迈入批量生产阶段。(新华社) ...

Core Viewpoint - The Shanghai Stock Exchange publicly reprimanded *ST Guandian and its responsible individuals for inaccurate financial disclosures and violations of regulations [2][8]. Group 1: Company Violations - On January 17, 2025, *ST Guandian disclosed a pre-announcement of a significant loss for 2024, estimating revenue between 112 million to 128 million yuan and a net loss between 125 million to 98 million yuan [4]. - On February 28, 2025, the company revised its revenue estimate to 118.94 million yuan and net loss to 100.11 million yuan, failing to disclose any major uncertainties affecting these figures [4]. - On April 12, 2025, the company corrected its revenue estimate to 89.98 million yuan, citing a cautious approach to revenue recognition, which reduced expected revenue by approximately 28.95 million yuan [5]. Group 2: Responsibility and Disciplinary Actions - The company’s inaccurate financial disclosures significantly impacted investor expectations, leading to a potential delisting risk due to revenue falling below 100 million yuan [6]. - The responsible individuals, including the chairman, general manager, and financial officer, failed to fulfill their duties regarding accurate information disclosure, violating multiple regulations [7]. - The Shanghai Stock Exchange decided to publicly reprimand the company and the responsible individuals, with the disciplinary actions recorded in the integrity database [8]. Group 3: Compliance and Future Measures - The company is required to implement corrective measures and submit a report within one month, ensuring compliance with regulations and improving information disclosure practices [8][9]. - The company’s revenue composition for 2024 indicated that 85.27% came from aviation equipment manufacturing and related services, while non-lethal weapons accounted for 14.23% [9].

Key Points - The company announced a cash dividend of 0.1218 CNY per share for A shares, totaling approximately 191.89 million CNY [1] - The dividend distribution plan was approved at the annual shareholders' meeting on April 21, 2025 [1] - Key dates for the dividend distribution include the record date on June 16, 2025, the last trading day on June 17, 2025, and the ex-dividend date also on June 17, 2025 [1] - The total number of shares for the dividend calculation is 1,575,492,153 shares [1] - The company will distribute dividends through China Securities Depository and Clearing Corporation Limited Shanghai Branch [1] - For individual shareholders, the actual cash dividend after tax will depend on the holding period, with different tax rates applied based on the duration of shareholding [2] - For qualified foreign institutional investors (QFII), a 10% corporate income tax will be withheld, resulting in a net cash dividend of 0.10962 CNY per share [3] - Hong Kong Stock Exchange investors will also receive a net cash dividend of 0.10962 CNY per share after a 10% withholding tax [4] - Other institutional investors will receive the full cash dividend of 0.1218 CNY per share without withholding tax [4]