Core Viewpoint - The A-share market experienced a significant decline on June 13, 2025, with major indices such as the Shanghai Composite Index falling by 0.72%, the Shenzhen Component Index by 1.15%, and the ChiNext Index by 1.14%. In contrast, sectors like oil, gold, military industry, and electricity showed resilience and strength amidst the overall market downturn [1][2]. Market Performance - As of June 13, 2025, the Shanghai Composite Index closed at 3378.01, down by 24.65 points, reflecting a decrease of 0.72%. The Shenzhen Component Index was at 10116.26, down by 118.07 points, or 1.15%. The ChiNext Index closed at 1404.06, down by 23.54 points, or 1.14% [2]. - A total of 4460 stocks in the market declined, while only 865 stocks rose, indicating a broad market sell-off [1]. Sector Analysis - The oil and gas extraction and service sector saw a notable increase of 8.63%, with a net inflow of 10.07 billion. Other sectors that performed well included combustible ice (+6.18%) and nuclear pollution prevention (+5.18%) [3]. - Conversely, sectors such as internet e-commerce (-3.98%) and media (-3.02%) faced significant declines, with substantial net outflows [3]. Individual Stock Movements - Stocks like Hainengda, Qianhong Pharmaceutical, and Tongyuan Petroleum experienced net inflows of 9.00 billion, 7.65 billion, and 6.78 billion respectively, indicating strong investor interest [4]. - On the other hand, Guizhou Moutai, BYD, and Dongfang Wealth faced net outflows of 9.87 billion, 7.91 billion, and 4.94 billion respectively, suggesting a lack of confidence in these stocks [5]. Market Sentiment and Outlook - Analysts noted that the market is under pressure due to geopolitical factors and a lack of strong leading sectors to attract large capital inflows. The current market environment is characterized by low trading volume, which hinders the potential for a breakout [6]. - Despite the short-term adjustments, there is an expectation for a medium to long-term positive trend in A-shares, supported by policy improvements and valuation advantages [7].

A股军工装备板块盘初拉升，捷强装备涨超15%，通易航天、晨曦航空均涨超5%，北方长龙、航新科技 等多股涨超3%。 订阅A股市场资讯 +订阅 ...

北方导航控制技术股份有限公司 董事会审计委员会实施细则 （2025 年 6 月） 第一章 总则 第一条为强化董事会决策功能，做到事前审计、专业审 计，确保董事会对经理层的有效监督，完善公司治理结构， 加强内控和法律合规体系建设，有效防范和化解风险。根据 《中华人民共和国公司法》《上市公司治理准则》《上市公 司章程指引》《上海证券交易所上市公司自律监管指引第1 号——规范运作》《公司章程》及其他有关规定，公司特设 立董事会审计委员会，并制定本实施细则。 第二条董事会审计委员会是董事会设立的专门工作机 构，向董事会负责并报告工作，行使《公司法》规定的监 事会的职权，主要负责审核公司财务信息及其披露、监督 及评估内外部审计工作和内部控制。 第二章 人员组成 第三条审计委员会成员由三至七名不在公司担任高级 管理人员的董事组成，其中独立董事应过半数，委员中至少 有一名独立董事为专业会计人士。 第四条审计委员会委员由董事长、二分之一以上独立董 事或者全体董事的三分之一提名，并由董事会选举产生。 第五条审计委员会设主任委员（召集人）一名，由独 立董事委员中会计专业人士担任，负责主持委员会工作。 主任委员在委员内选举，并报请 ...

? 每股分配比例 A 股每股现金红利0.02元 证券代码：600435 证券简称：北方导航 公告编号：临 2025-041 号 北方导航控制技术股份有限公司 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、准确性和完整性承担法律责任。 重要内容提示： 四、 分配实施办法 （1）无限售条件流通股的红利委托中国结算上海分公司通过其资金清算系统向股权登记 日上海证券交易所收市后登记在册并在上海证券交易所各会员办理了指定交易的股东派发。 已办理指定交易的投资者可于红利发放日在其指定的证券营业部领取现金红利，未办理指定 交易的股东红利暂由中国结算上海分公司保管，待办理指定交易后再进行派发。 （2）派送红股或转增股本的，由中国结算上海分公司根据股权登记日上海证券交易所收 市后登记在册股东持股数，按比例直接计入股东账户。 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 5 月 22 日的2024年年度股东会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司 ...

Group 1 - The ChiNext Index fell over 1% in the afternoon session, indicating a decline in the growth enterprise market [1] - The Shenzhen Component Index decreased by 0.84%, reflecting a broader market downturn [1] - The Shanghai Composite Index dropped by 0.48%, showing a negative trend in the overall stock market [1] Group 2 - Sectors such as EDR concepts, military equipment, and robotics experienced significant declines, leading the market losses [1]

Group 1 - The A-share market showed a weak oscillating trend in the morning session, with the Shanghai Composite Index rising by 0.11% while the Shenzhen Component Index and the ChiNext Index fell by 0.23% and 0.36% respectively [1] - The total trading volume in the Shanghai and Shenzhen markets reached 788.7 billion, a decrease of 34.4 billion compared to the previous trading day [1] - The innovative drug, CRO concept, and dye sectors saw significant gains, while the EDA concept, military equipment, Sora concept, and robotics sectors experienced declines [1] Group 2 - The innovative drug concept experienced a resurgence, with companies such as Angli Kang, Ha Sanlian, Zhongsheng Pharmaceutical, and Sai Sheng Pharmaceutical hitting the daily limit [1] - The football concept remained active, with companies like Gong Chuang Turf achieving seven consecutive trading limits, and Kang Li Yuan and Yue Media also hitting the daily limit [1] - The EDR concept sector led the decline, with Hongquan Wulian dropping over 5% and Weiti Co., Ltd. falling over 2.5%; the military sector has seen declines for two consecutive days, with Jieqiang Equipment and Maixinlin dropping over 9% [1]

Core Viewpoint - The Indonesian government is evaluating the feasibility of purchasing Chinese-made J-10 fighter jets, indicating a rising demand for advanced Chinese military equipment in the global market [1] Group 1: Military Trade Dynamics - Geopolitical conflicts are increasing, leading to a notable rise in international military trade, with Chinese weapons gaining attention as potential options for other countries [3] - China's military trade export market share is expected to increase due to the validation of its military strength in the current international landscape [3] Group 2: Domestic Military Spending - The domestic military sector is entering a phase of increased equipment construction, driven by the completion of previously delayed defense tasks and long-term goals such as the centenary of the military in 2027 and modernization by 2035 [5] - China's military spending as a percentage of GDP remains below the average of major military powers, indicating significant room for growth in defense expenditures [5] Group 3: Emerging Themes in Military Industry - New themes such as low-altitude economy, commercial aerospace, deep-sea technology, large aircraft, and military intelligence are becoming increasingly active, suggesting a sustained interest in military innovation [7] - The combination of active themes and improving fundamentals is expected to drive a resurgence in the military sector's overall performance [7] Group 4: State-Owned Enterprise Reforms - Recent reforms in state-owned enterprises (SOEs) are expected to enhance operational quality and improve asset securitization rates within the military industry [9] - The ongoing reform initiatives are showing significant results, with many military SOEs experiencing improved performance post-reform [9] Group 5: Financial Performance Outlook - The military sector is currently experiencing a decline in revenue and profit growth due to various factors, but a narrowing of profit decline is anticipated in the first quarter of 2025, supported by both domestic and international conditions [10] Group 6: Investment Opportunities - The military ETF (512660) is closely tracking the China Securities Military Index, reflecting the overall performance of military-related companies, and is positioned as the largest in its category with a scale of 14.352 billion [12][14] - The top ten constituent stocks of the military index include major players such as China Shipbuilding, AVIC Shenyang Aircraft, and China Aerospace, indicating strong leadership attributes within the sector [13]

"聪明钱"流向曝光！暗盘资金破解主力操盘密码>> 军工装备板块短线走低，捷强装备（300875）跌超12%，迈信林、利君股份（002651）、晨曦航空 （300581）、中航成飞（302132）等跟跌。 ...

Group 1 - The A-share military equipment sector is experiencing a strong upward trend, with notable stocks such as AVIC Shenyang Aircraft Corporation and Lijun Shares hitting the daily limit [1] - Other companies in the sector, including AVIC Xi'an Aircraft Industry Group, Hongdu Aviation, Aerospace Rainbow, and Inner Mongolia First Machinery Group, are also seeing significant gains [1]

Fundraising Overview - The company raised a total of RMB 1,949,999,998.04 through a private placement of 147,503,782 shares at a price of RMB 13.22 per share, with a net amount of RMB 1,895,263,317.66 after deducting issuance costs [1] - As of May 31, 2025, the remaining balance of the 2016 fundraising is RMB 334,609,069.35, held in dedicated fundraising accounts [2][3] Project Completion and Fund Surplus - The "Foreign Trade Vehicle Industrialization Construction Project" has completed all construction and passed the necessary inspections, with a total budget of RMB 420 million and an actual surplus of RMB 139.2968 million, including interest income of RMB 83.0944 million [3][4] - The surplus was primarily due to cost savings from budget reductions, efficient procurement, and minimal project management fees [4] Use of Surplus Funds - The company plans to permanently supplement its working capital with the surplus funds of RMB 139.2968 million, which will be used for daily operational needs [5] - The board of directors and supervisory board approved the proposal to use the surplus funds, which will be submitted for shareholder approval [5] Independent Financial Advisor's Opinion - The independent financial advisor, CITIC Securities, confirmed that the project completion and the decision to use surplus funds for working capital comply with relevant regulations and do not harm shareholder interests [5]