第二条 本制度所称"担保"是指公司及控股子公司作为担保人按照公平、自愿、 互利的原则与债权人约定，当债务人不履行债务时，依照法律规定和合同协议承 担相应法律责任的行为。担保方式包括保证、抵押、质押、留置和定金。 第三条 公司为他人提供担保，包括为控股子公司提供担保，均按照本制度 规定执行。 威海广泰空港设备股份有限公司 第一章 总则 第一条 为规范威海广泰空港设备股份有限公司（以下简称"公司"）的对外担 保行为，控制担保风险，维护公司的资产安全和投资者利益，根据中华人民共和国 公司法》、《中华人民共和国证券法》、《中华人民共和国民法典》、《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》等法律法规、规范性文件和《公司章程》的有关规定，结合 公司实际情况，制定本制度。 第四条 公司独立董事应在年度报告中，对公司累计和当期对外担保情况、 执行有关规定情况进行专项说明，并发表独立意见。 第五条 未经公司董事会或者股东会审议通过，公司不得提供担保。 第六条 公司财务部门为公司对外担保的审核及日常管理部门，负责受理审 核所有被担保人提交的担保申请以及对外担保的日 ...

Group 1 - The military industry sector experienced fluctuations on June 10, with the aerospace ETF Tianhong (159241) declining by 1.35% and a trading volume turnover rate of 4.53% indicating active trading [1] - Among the constituent stocks, Aerospace Morningstar rose over 2%, and Zhenxin Technology increased by over 1% [2] - The aerospace ETF Tianhong closely tracks the Guozheng Aerospace Index, which has over 99% weight in the defense and military industry, with the core sectors of aerospace and aviation equipment accounting for 73% of the index weight, focusing on key areas such as large aircraft development, low-altitude economy, and commercial aerospace [2] Group 2 - The latest model of the "Falcon" fighter jet has been revealed, designed for 21st-century combat environments, capable of carrying advanced beyond-visual-range air-to-air missiles and various precision-guided air-to-surface weapons, marking it as a high-cost-performance fighter jet successfully exported to multiple countries [2] - Northeast Securities indicates that the defense and military sector has long-term growth certainty, with disturbances in the military industry largely resolved, downstream demand showing signs of recovery, and the 2027 construction goals approaching, providing clear guidance for industry development [2] - With the recovery of demand and gradual optimization of production capacity structure, the defense and military sector is expected to see significant improvements, offering a high safety margin and long-term growth certainty [2]

Summary of Key Points from Conference Call Records Industry Overview - The military trade industry is experiencing a potential revaluation of military industrial capacity, driven by countries like Indonesia and Pakistan evaluating and purchasing advanced military aircraft from China, such as the J-10 and J-35 fighters [1][2][3]. Core Insights and Arguments - **Indonesia's Military Procurement Strategy**: Indonesia is assessing the purchase of Chinese J-10 fighter jets to balance its defense budget and performance needs, especially after the underperformance of French Rafale jets during the India-Pakistan conflict [1][3]. - **Performance of Chinese Military Equipment**: During the India-Pakistan conflict, the J-10 successfully shot down multiple Indian aircraft, showcasing its superior performance and validating the capabilities of China's fourth-generation fighters [5]. - **Shift in China's Military Exports**: China is transitioning from exporting older weaponry to developing and exporting high-end military equipment, such as the Hongqi-22 and advanced fighter jets like the J-10, J-20, and J-35, which are expected to enhance China's position in the international military trade market [1][6]. - **Advantages of the J-35**: The J-35 is highlighted for its high cost-performance ratio, technological independence, and complete domestic production, positioning it similarly to the U.S. F-35, which has received substantial orders [7][8]. - **Profitability in Military Trade**: Manufacturers in the military trade sector can enjoy significant premiums, leading to improved profitability compared to domestic sales, where profit margins are generally lower [9]. - **Importance of UAVs and Radar Systems**: The Ukraine conflict has underscored the strategic value of UAVs and radar systems, demonstrating their effectiveness in modern warfare [10][11]. Additional Important Insights - **Global Ammunition Industry Growth**: The global ammunition industry is in a phase of increasing demand, with significant growth in construction projects and fixed assets, indicating a potential boom in the sector [19]. - **Safety in Explosive Production**: Recent accidents in the nitrocellulose industry highlight the urgent need for safety improvements in explosive production, which is critical for both civilian and military applications [18]. - **Investment Opportunities in Military Technology**: There are substantial investment opportunities in low-cost precision-guided munitions and automation in the ammunition production process, driven by increased demand and the need for efficient supply chains [12][20]. - **Domestic Military Enterprises**: Major state-owned military enterprises are focusing on expanding their capabilities in the ammunition sector, with listed companies like Beihua Co. and Great Wall Military Industry being key players [21]. Conclusion - The evolving geopolitical landscape, particularly the India-Pakistan conflict and the Ukraine war, is accelerating the international expansion of China's high-end military equipment, which is expected to enhance the growth potential of the military industry and lead to a revaluation of military assets [22][23].

Group 1 - The military industry sector is experiencing renewed activity, with the Aerospace ETF Tianhong (159241) rising by 3.05% and trading volume exceeding 270 million yuan, indicating active market participation [1] - Key stocks within the Aerospace ETF include Guorui Technology and AVIC Shenyang Aircraft Corporation, both hitting the daily limit, while other stocks like Zhenxin Technology and Sichuan Chuangxin Electronics also saw gains [1] - The Aerospace ETF closely tracks the Guozheng Aerospace Index, which has over 99% weight in the defense and military industry, with 73% of its weight focused on core sectors such as aerospace and aviation equipment [1] Group 2 - According to AVIC Securities, the development of unmanned equipment, anti-unmanned systems, and electronic countermeasures in China is still in its early stages but is expected to drive sustained high growth in the military sector in the medium to long term [2] - Military intelligence is identified as a key area for gaining a competitive edge on the battlefield, involving various operational aspects such as intelligence processing, decision support, and electronic countermeasures [2] - Huafu Securities predicts significant growth in both domestic and foreign demand from 2025 to 2027, emphasizing the importance of military development and recommending three main lines of focus: domestic trade, foreign trade, and self-control [2]

Investment Rating - The report maintains a "Positive" investment rating for the defense and military industry [5]. Core Insights - The military trade is expected to lead to a revaluation of military industrial capacity and value [1]. - The report highlights the increasing demand for Chinese military equipment due to recent international conflicts, particularly the India-Pakistan conflict, which has showcased the performance of Chinese aircraft [25][29]. - The report emphasizes the transition of China's military trade into a new era characterized by high-quality self-developed equipment, moving away from reliance on imported Soviet-style equipment [46]. Summary by Sections Section 1: Military Trade Opportunities - Indonesia is considering the procurement of Chinese J-10 fighter jets, driven by performance in the India-Pakistan conflict and cost-effectiveness compared to Western counterparts [14]. - Pakistan is also looking to acquire various advanced Chinese military equipment, including J-35 fighter jets and HQ-19 air defense systems, following successful military engagements [19][25]. Section 2: Next-Generation Aircraft - The U.S. has announced the development of the F-47 next-generation fighter jet, which may create competitive pressure for Chinese manufacturers like AVIC [61]. - The report discusses the potential of the J-35 to become a military trade hit, comparable to the F-35, due to its lower cost and advanced capabilities [41]. Section 3: Military Equipment Production and Safety - The report highlights the urgent need for upgrades in the production safety of energetic materials, citing frequent accidents in the industry [96]. - The complexity and risks associated with the production of explosives and ammunition are noted as significant challenges, particularly in the context of increasing demand during conflicts [100][105]. Section 4: Industry Growth and Investment Opportunities - The military trade sector is expected to benefit from increased demand and pricing, with primary manufacturers likely to see significant profit improvements [52]. - The report suggests focusing on companies with popular or potentially popular military models, such as AVIC subsidiaries and missile manufacturers [55].

Core Viewpoint - Indonesia's military is currently evaluating the feasibility of purchasing the J-10 fighter jet, indicating potential new buyers for this aircraft [1]. Group 1 - Indonesia's military is assessing the procurement of the J-10, which may lead to new sales opportunities for the manufacturer [1].

Core Viewpoint - The company has approved the continued use of temporarily idle raised funds for cash management, with a maximum amount not exceeding RMB 2.5 billion, ensuring that it does not affect the investment plans of the raised funds [1][4]. Summary by Sections Fundraising Overview - The company raised a total of RMB 2,999,999,973.46 through the issuance of 88,287,227 shares at a price of RMB 33.98 per share, with a net amount of RMB 2,968,265,742.11 after deducting related issuance costs [2]. - The total amount of raised funds approved for investment is up to RMB 3 billion [1]. Investment Project Details - The raised funds are intended for specific projects, including the construction of a maintenance base to enhance comprehensive maintenance capabilities [2]. - As of December 31, 2024, the company has invested a total of RMB 300.25 million from the raised funds, with a remaining balance of RMB 34.65 million in the special account [2]. Cash Management Plan - The company aims to utilize temporarily idle raised funds for cash management to improve efficiency and increase returns for shareholders, without impacting the ongoing projects [3][4]. - The cash management will involve investing in low-risk, highly liquid, and principal-protected products with a maturity of no more than 12 months [4]. Approval Process - The board of directors and the supervisory board have approved the cash management plan, ensuring compliance with relevant regulations and safeguarding shareholder interests [6][8]. - Independent financial advisors have confirmed that the cash management plan adheres to regulatory requirements and does not alter the intended use of the raised funds [7][8].

航空航天ETF天弘（159241）紧密跟踪国证航天指数，按申万一级行业分类，该指数以超99%的国防军 工行业权重形成显著特征，进一步申万二级行业分类，航空装备与航天装备两大核心板块则占据73%权 重，深度聚焦大飞机研制、低空经济、商业航天等新兴领域航空航天装备产业链关键领域。 （本文机构观点来自持牌证券机构，不构成任何投资建议，亦不代表平台观点，请投资人独立判断和决 策。） 6月6日，三大指数集体小幅回调，国证航天航空指数冲高回落。 太平洋证券表示，随着订单恢复正常并陆续释放，军工板块或将进入业绩改善与估值提升的"戴维斯双 击"阶段，建议关注先进战机、低空经济、国产大飞机、卫星互联网、深海科技等领域中竞争格局好、 技术壁垒高的优质龙头公司。 相关ETF方面，航空航天ETF天弘（159241）截至发稿下跌0.10%，成交额超1000万元，换手率超6%。 成分股中，海兰信涨超3%，中航沈飞、振芯科技、华秦科技等股涨幅居前。 长江证券指出，随着 2025年我国规划建设的低轨巨型星座正式进入高密度组网期，后续将在部分区域 逐步具备初期运营服务能力，对应的地面终端建设、卫星服务运营也将同步打开数倍于卫星制造与火箭 发射 ...

Core Viewpoint - Indonesia is evaluating the feasibility of procuring Chinese-made J-10 fighter jets to enhance its air force's modern combat capabilities while considering cost-effectiveness in defense spending [1]. Group 1: Procurement Considerations - The Indonesian Deputy Minister of Defense, Taufanto, indicated that the performance of the J-10 during the India-Pakistan conflict is a significant factor in considering this aircraft model [1]. - The J-10 fighter jet is competitively priced compared to similar Western aircraft, aligning with Indonesia's demand for "high cost-performance advanced equipment" [1]. - Indonesia is currently reviewing the compatibility of the J-10 with existing defense systems, after-sales support, and specific procurement terms [1]. Group 2: Broader Military Modernization - The procurement scope may extend beyond fighter jets to include Chinese-made vessels, frigates, and other weaponry [1]. - As the largest economy in Southeast Asia, Indonesia has been actively pursuing military modernization, exemplified by a recent agreement with France to purchase 42 Rafale fighter jets for $8.1 billion, with the first six expected to be delivered in 2026 [1].

Group 1 - The A-share large aircraft concept stocks surged, with Aerospace Machinery hitting the daily limit, and Guihang Shares, Aileda, and Paker New Materials rising over 5% [1]