每经AI快讯，航亚科技（SH 688510，收盘价：25.49元）8月25日晚间发布公告称，近日，公司收到股 东华航科创出具的告知函，在减持股份计划期间，华航科创通过集中竞价交易的方式减持公司股份约 119.89万股，减持股份数量占公司总股本的0.46%。本次减持计划区间已届满。 2024年1至12月份，航亚科技的营业收入构成为：航空占比91.86%，医疗占比6.8%，其他业务占比 1.34%。 每经头条（nbdtoutiao）——A股成交连续8天破2万亿元，券商招聘也来了！行业巨头秋招"求才"，25个 岗位都有什么特点？ （记者 胡玲） 截至发稿，航亚科技市值为66亿元。 ...

成飞集成今日涨10.00%，成交额35.37亿元，换手率18.61%，盘后龙虎榜数据显示，深股通专用席位买 入2.46亿元并卖出2.08亿元，2家机构专用席位净买入3453.50万元，流沙河席位进买入5764.24万元。 ...

港股午间收盘，恒生指数涨2.08%，恒生科技指数涨3.1%。港股科技ETF（159751）涨2.61%，恒生港 股通ETF（159318）涨2.1%。板块方面，汽车、居家用品板块涨幅靠前；航空航天与国防、休闲设备与 用品板块跌幅靠前。个股方面，东风集团股份大涨超56%；蔚来-SW涨14.73%，洛阳钼业涨8.9%，贝 壳-W涨8.74%，百度集团-SW涨6.01%，紫金矿业涨5.94%，阿里巴巴-W涨5.85%，百度集团-SWR涨 5.72%，阿里巴巴-WR涨5.53%，中国中车涨5.38%，网易-S涨5.36%，快手-W涨4.94%，快手-WR涨 4.89%，京东集团-SW涨4.78%，京东集团-SWR涨4.57%，山东黄金涨4.42%，银河娱乐涨4.09%；东方 甄选跌14.49%，西锐跌15.59%；长飞光纤光缆涨26.16%。 ...

中新网8月25日电 综合印度媒体25日报道，印度启动了与法国的又一项国防合作，共同开发用于印度本 土第五代战机的新型发动机。 据《印度时报》报道，印度国防研究与发展组织(DRDO)将很快向印度内阁安全委员会提交申请，以达 成与法国赛峰集团的合作。该项目将进行技术转让，在印度设计、开发、测试、认证和生产一款新型发 动机。 印度官员表示，印度国防研究与发展组织(DRDO)已批准赛峰集团的提案，认为该提案是最佳选择。赛 峰集团已在印度生产多种直升机发动机。该项目将与DRDO的燃气轮机研究机构合作，耗资近70亿美 元。 印度国防部长辛格证实了这一合作。辛格说，"我们已经采取措施，推进第五代战斗机的制造。我们将 与法国赛峰集团在印度启动发动机制造工作。" 报道指出，这一合作将增强印度与法国之间的战略合作关系。此前，印度已签署了一项价值数十亿美元 的协议，从法国达索航空采购26架"阵风"战斗机。 ...

中航高科 20250823 摘要 航空新材料业务一直是中航高科发展的基本盘，公司正在启动"十五五"规划 的编制工作。这一规划结合集团及公司对未来产业布局的战略，将特别关注战 略性新兴产业场景。军品作为基本盘，主机需求是核心。目前，公司在深圳设 立了面向低空经济的新公司，并以长三角和珠三角为中心统筹资源，聚焦自身 公司今年研发投入主要集中在 T1,100 级及高模量型号材料升级、电磁 屏蔽等功能性材料开发，以及柏慕公司在空客、波音等取证工作和高铁 领域积累，为未来碳盘和钢盘推广奠定基础。 公司现金流回款较去年有所提升，但应收应付金额仍处于较高水平，预 计下半年随着产业链回款逐步改善，年底应收应付金额会有所下降，有 信心实现全年经营目标。 材料方面的核心能力，与头部企业协同合作。我们对低空经济的发展前景非常 看好，将继续利用积累的核心能力，共同扩大市场。 中航高科在低空经济领域有哪些具体举措？ 在低空经济方面，中航高科坚持以市场为导向，以客户为中心，构建聚焦核心 领域、深耕存量市场、拓展增量空间的业务发展体系，通过强化战略合作、深 化客户协同、完善能力建设等措施提升核心竞争力。公司重点布局低空 3C 等 技术要求 ...

Investment Rating - The industry is rated positively, with expectations of overall returns exceeding the CSI 300 index by more than 5% in the next six months [45]. Core Insights - China's defense budget has maintained a growth rate of around 7%, with defense spending accounting for less than 1.5% of GDP, which is below the average level of major military powers. There is significant room for growth in defense spending, which is expected to outpace GDP growth in the long term. The year 2025 is anticipated to mark a turning point for the industry, moving away from a period of stagnation towards a comprehensive recovery. As orders normalize and are gradually released, the military industry sector may enter a phase of performance improvement and valuation enhancement, referred to as the "Davis Double-Trigger" phase. It is recommended to focus on high-quality leading companies in advanced fighter jets, low-altitude economy, domestic large aircraft, satellite internet, and deep-sea technology sectors, which have favorable competitive landscapes and high technological barriers [4][9]. Summary by Sections Industry Insights - The defense budget growth rate in China is around 7%, with spending as a percentage of GDP below 1.5%, indicating potential for significant growth. The military sector is expected to recover in 2025, with a return to normal order levels leading to improved performance and valuations [4][9]. Market Performance - In the past week, the CSI 300 index increased by 4.90%, while the aerospace and defense index rose by 4.19%. For the month, the CSI 300 index saw a 7.16% increase, and the aerospace and defense index increased by 8.25% [10]. Industry News - The preparations for the 80th anniversary of the victory in the War of Resistance against Japan are progressing smoothly, showcasing new military equipment, including advanced fourth-generation equipment and various unmanned systems, highlighting the military's capabilities in modern warfare [14][15]. Company Tracking - Several companies reported their semi-annual results, with varying performance metrics. For instance, *ST Lihang reported a revenue of 54.34 million yuan, down 49.72% year-on-year, while Hongyuan Electronics achieved a revenue of 1.018 billion yuan, up 22.27% year-on-year [21][22][43].

Group 1 - Indian Prime Minister Modi is responding to US trade aggression with a series of strategic actions, including the cancellation of military orders worth $3.6 billion, impacting major US defense contractors like Boeing and Lockheed Martin, which saw a 4.5% drop in stock prices [3] - The Indian government has imposed a 150% tariff on US bourbon whiskey, targeting Kentucky distilleries that produce 95% of the country's whiskey, which is significant for Trump's 2024 election campaign [5] - India has initiated a triangular settlement mechanism involving the yuan, rupee, and ruble for oil imports from Russia, potentially saving $24 billion annually by bypassing the dollar [5] Group 2 - Modi's upcoming visit to China for the Shanghai Cooperation Organization summit marks his first trip to China in seven years, following recent diplomatic engagements that have eased border tensions and opened avenues for economic cooperation [7] - The bilateral trade between India and China has reached $138.4 billion, with a notable 12% increase in Indian agricultural exports to China, indicating a reversal of the trend of decoupling from China [7] - The Indian government is showing interest in Chinese photovoltaic technology to achieve its clean energy goals, with a commitment to 50% clean energy by 2030, as China dominates global solar panel production [7] Group 3 - The Indian business community is increasingly aware of the consequences of trade concessions to the US, as highlighted by a comparison of tariff increases, with Indian tariffs rising from 26% to 50% over four months, while China's tariffs remained stable at 30% [8] - Brazil's President Lula has also prepared a countermeasure list against similar US tariffs, indicating a broader trend among countries facing US trade policies to adopt retaliatory measures [10] - The actions taken by Modi's government reflect India's determination to resist US trade bullying and seek diversified partnerships in the global market [10]

中航高科（600862.SH）2025 年半年报点评 1H25 业绩稳步增长；抢抓新质生产力发展机遇 2025 年 08 月 23 日 ➢ 事件：8 月 22 日，公司发布 2025 年半年报，1H25 实现营收 27.5 亿元， YOY +7.9%；归母净利润 6.1 亿元，YOY +0.2%；扣非净利润 6.0 亿元，YOY +1.6%。业绩表现符合市场预期。上半年，公司营收、利润总额分别完成全年经 营工作目标的 47.37%、53.27%。我们点评如下： ➢ 投资建议：公司是我国航空碳纤维复材龙头企业，处于产业链枢纽位置。先 进航空装备的复材使用比例不断提高。同时公司受益于以 C919 为代表的国产民 机商业化进程加快和"低空经济"等新质生产力发展，复合材料有了更多的市场 需求和应用前景。我们预计，公司 2025~2027 年归母净利润分别是 13.00 亿元、 15.29 亿元、17.80 亿元，当前股价对应 2025~2027 年 PE 分别是 28x/24x/20x。 我们考虑到公司航空复材的长期成长性和业务可拓展性，维持"推荐"评级。 ➢ 风险提示：下游需求不及预期、产品价格波动等。 [盈利预测 ...

本次财报公布的各项数据指标表现不尽如人意。其中，毛利率23.1%，同比增36.49%，净利率1.31%， 同比减71.31%，销售费用、管理费用、财务费用总计3765.58万元，三费占营收比12.51%，同比增 44.97%，每股净资产10.12元，同比减0.16%，每股经营性现金流-0.29元，同比减11.44%，每股收益0.03 元，同比减80.73% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 4.49 Z | 3.01亿 | -32.86% | | 归母净利润(元) | 2048.15万 | 394.46万 | -80.74% | | 扣非净利润(元) | 1852.51万 | 101.79万 | -94.51% | | 货币资金(元) | 11.12亿 | 8.35 Z | -24.93% | | 应收账款(元) | 5.91亿 | 4.9 亿 | -17.08% | | 有息负债 (元) | 7.1亿 | 6.38亿 | -10.21% | | 毛利率 | 16.92% | 23.10% | 36 ...

Shares of Taylor Devices, Inc. (TAYD) have gained 4.7% since the company reported its earnings for the quarter ended May 31, 2025. This compares favorably to the S&P 500 index, which has declined 1.2% in the same time frame. However, over the past month, Taylor Devices’ stock has declined 5.8%, underperforming the S&P 500’s 0.7% growth. This divergence suggests that while the immediate post-earnings reaction was positive, broader market factors or company-specific concerns may have weighed on the shares mor ...