中航证券表示，年初以来，低空经济、商业航天、深海科技、大飞机、军事智能化等主题高度活 跃，这些大军工新域新质主题仍将会不断深化、反复演绎；同时，伴随着军工基本面有望迎来持续回 暖，主题活跃+业绩提振，将构成未来较长一段时间的二重奏，共同推动军工整体行情的再次到来。 每日经济新闻 6月12日，A股三大指数集体回调，消息面催化下，军工板块逆市上涨，聚焦军工空天领域的航空 航天ETF（159227）领涨军工类ETF，截至10:15，涨幅0.60%，持仓股中无人机涨超7%，天和防务、航 天彩虹、安达维尔、国科军工、中兵红箭等股跟涨。 消息面上，当地时间12日凌晨，以色列对伊朗发动袭击。现代战争中，空中力量的作用日益凸显， 使得航空装备成为各国军队建设的重点，行业技术门槛极高，涉及众多高端技术和复杂工艺，在军工产 业链中的价值量占比较高，是军工板块的核心方向。 航空航天ETF（159227）紧密跟踪国证航天指数，规模位于同指数第一。指数申万一级行业中军工 行业占比达99.2%，相较于中证军工、中证国防指数，国证航天的指数集中度更高，在航空装备、航天 装备领域的占比更高，国证航天指数的航空航天装备权重占比高达73%，远高 ...

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；以申万二级行业分类，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12日，三大指数涨跌不一。盘面上，国防军工板块午后震荡走低。截至发稿，国证航天指数跌 0.63%。 东方证券认为，军工上游进入配置区间，关注军贸和航发产业链等。4月份以来军工整体以调整为主， 但积极的变化正在出现。过去五年国内航空发动机领域进步显著，形成了完整产业体系并培育出众多优 秀供应商，未来国产航空发动机自主创新进程将进一步深化。 相关ETF方面，航空航天ETF天弘（159241）跌0.49%，换手率近5%，当前溢折率0.05%。成分股中， 航亚科技涨超6%，四创电子、国科军工、亚光科技等个股跟涨。 中邮证券表示，航材国产化需求迫切，航材国产化涉及航空产业供应链安全，将从非关键系统、价值较 低的器材，向关键系统、高价值零部件拓展。 ...

Core Viewpoint - The company has completed the repurchase and cancellation of 66,946 restricted stocks under the 2022 stock incentive plan, which accounts for approximately 0.0147% of the total share capital before the repurchase [1] Group 1: Decision-Making Process and Disclosure - The company held a board meeting on November 4, 2022, to approve the stock incentive plan and related performance assessment methods [2] - The State-owned Assets Supervision and Administration Commission approved the implementation of the stock incentive plan on March 1, 2023 [2] - The company conducted a public notice of the proposed incentive objects from March 2 to March 11, 2023, with no objections received [3] Group 2: Reasons and Details of Stock Repurchase - The repurchase was due to four incentive objects leaving the company, resulting in the cancellation of 59,640 shares, and one object failing to meet performance targets, leading to the cancellation of 7,306 shares [6][7] - The adjusted repurchase price was set at 45.62 yuan per share after accounting for a cash dividend of 3.8 yuan per 10 shares [8] Group 3: Completion and Impact of Repurchase - The repurchase and cancellation of shares have been completed, with the total share capital reduced from 456,870,256 shares to 456,803,310 shares [9] - The repurchase and price adjustments will not significantly impact the company's financial status or operational results, nor will they affect the continuation of the stock incentive plan [9]

Core Viewpoint - The company, Zhongtian Rocket, focuses on the military trade export of its small guided rockets, which are characterized by high precision, low collateral damage, and high cost-effectiveness, leading to a significant increase in orders for 2024 [1] Group 1: Product Characteristics - The small guided rockets have high precision, low collateral damage, and high cost-effectiveness [1] - The series production of these rockets allows the company to better meet the needs of both new and existing customers [1] Group 2: Market and Sales - The primary sales method for the company's small guided rockets is military trade export [1] - The main market for these products is overseas [1] Group 3: Future Outlook - There is a noticeable increase in orders for 2024 [1]

Group 1: Company Overview - The company is known for its small guided rockets, which have seen significant growth in 2024 due to high precision, low collateral damage, and high cost-effectiveness [2] - The primary market for small guided rockets is overseas, with military trade exports being the main sales method [2] Group 2: Financial Performance - The gross margin for small guided rockets in 2024 is reported at 37.4% [4] - The company’s mature products, particularly small guided rockets, are driving revenue growth [3] Group 3: Product Development and Trends - The company is focusing on the series and multi-platform development of small guided rockets [3] - The erosion-resistant components business is stable and expected to maintain this stability in the future [4] - The rain enhancement and hail prevention rocket segment is stable, with strong demand from meteorological agencies [6] Group 4: Challenges and Future Outlook - The carbon-ceramic brake disc business is currently small in scale but the company is one of the first to receive manufacturing approval [5] - The carbon-ceramic brake disc for automobiles is under active testing, with multiple models undergoing trials [6] - The carbon/carbon thermal field materials sector faced losses in 2024 due to oversupply, but long-term prospects remain hopeful with increasing focus on clean energy [8] - The human influence business saw a decline in revenue in 2024 due to temporary adjustments in procurement, but this is not expected to impact future performance [8]

兴业证券认为，军贸方向是拉动我国军工行业需求的重要补充，未来5-10年持续上行的大趋势非常明 确。未来该主题作为军工板块重点投资方向仍有望持续活跃。但军贸项目落地周期长、不确定因素多， 相关投资机会可能呈现波段上行的特点。 申万宏源指出，军贸体系装备进展获验证，将极大提升行业估值空间及相关上市公司业绩兑现能力，且 随着半年报逐渐预期，以及"十五五"规划逐步推动等，我们认为军工后续将逐渐上涨，推荐六月份为最 佳关注时点。 消息面上，近期军工外贸方向迎来重磅消息催化。据央视新闻，当地时间6月5日，据印尼军方消息，印 尼政府正就采购中国制造的歼-10战斗机进行可行性评估。印尼国防部副部长道凡托（Taufanto）表示， 此举旨在提升印尼空军的现代化作战能力，同时兼顾国防预算的性价比。 （文章来源：21世纪经济报道） 6月10日午后，A股集体下跌，大科技赛道集体回调。相关ETF中，航空航天ETF天弘（159241）截至发 稿跌2.02%，换手率超12%，交投活跃；溢折率0.10%，盘中频现溢价交易。成分跌多涨少，航天晨光 涨超3%，上海瀚讯、华力创通飘红。 （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 ...

消息面上，据央视新闻，"枭龙"战机最新型号曝光。作为一款先进的轻型战斗机，"枭龙"瞄准21世纪作 战环境，能够挂载先进的超视距空对空导弹，近距高机动格斗导弹以及多种精确制导空面武器。"枭 龙"作为一款高性价比战斗机，成功出口到多个国家，堪称世界战斗机市场上的一颗"新星"。 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。 6月10日，军工板块早盘震荡调整。相关ETF中，航空航天ETF天弘（159241）截至发稿跌1.35%，换手 率达4.53%，盘中交投活跃。 成分股中，航天晨光涨超2%，振芯科技涨超1%。 （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。） 东北证券表示，国防军工板块具备长期成长确定性。在当下时点，军工行业扰动因素已基本消除，下游 需求呈恢复性增长，同时2027年建设目标迫在眉睫，中长期目标也对行业发展提供明确指引。伴随 ...

万和财富早班车 2025年6月10日 ● 国内金融市场 ● -、宏观消息汇总 1 国家统计局:5月份,全国居民消费价格(CPI)同比下降 0.1%,工业生产者出厂价格指数(PPI)同比下降3.3% 2 两部门：引导行业紧扣老年人的生理心理特点及服务需求, 进行智能养老服务机器人产品的设计开发 我们不是资讯的搬运工 而是有态度的发现者 3. 福达合金(603045)：公司控股股东、实际控制人王达武的一致 行动人陈松乐增持公司股份7700股 4、迈信林(688685)：公司控股子公司签订11.84亿元算力服务合同， 对公司2025年度或未来业绩产生积极影响 3 海关总署:5月,我国货物贸易进出口总值3.81万亿元,增长 2.7%,其中,出口增长6.3%;进口下降2.1% 二、行业最新动态 1 火山引擎原动力大会即将召开,字节AI产业链有望:相关个股: 汉得信息(300170)、润欣科技(300493)等 2. "618"大促,美妆品类成为电商平台销售主力军,相关个股: 丸美生物(603983)、珀莱雅(603605)等 3. 卫星互联网产业进展提速，机构称板块具备估值扩张潜力, 相关个股：上海沪工(603131) ...

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]

证券代码：003009 证券简称：中天火箭 债券代码：127071 债券简称：天箭转债 陕西中天火箭技术股份有限公司 投资者关系活动记录表 | | | | | □特定对象调研□分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访■业绩说明会 | | 类别 | □新闻发布会□路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与对象 | 投资者网上提问 | | 时间 | 年 月 日（周四）下午 2025 6 5 14:30-17:30 | | 地点 | 公司通过深圳证券交易所"互动易"平台（https://irm.cninfo.c | | | om.cn）召开业绩说明会 | | 上市公司接待人 | 董事长/党委书记程皓 | | | 独立董事邵芳贤 | | 员姓名 | 党委副书记/董事会秘书宁星华 | | | 财务总监张晓东 | | 投资者关系活动 | 一、公司董事长程皓介绍公司基本情况。 | | | 二、公司就投资者在本次说明会中提出的问题进行了回 | | | 复。 | | | 1.根据公司公开信息显示，2024 年公司整体业绩出现下 | | | ...