Core Viewpoint - Haige Communication plans to raise up to 800 million RMB through public listing to introduce strategic investors into its wholly-owned subsidiary, Tian Teng Industry, which will still remain a controlled subsidiary of the company after the investment [1][4]. Group 1: Investment and Financial Details - The investment will not exceed 800 million RMB, and the new investors will hold no more than 43.44% of Tian Teng Industry's equity after the capital increase [1]. - Tian Teng Industry was established in February 2022 with a registered capital of 900 million RMB and is the main body for the construction of Haige Communication's Tian Teng Information Industry Base [4]. - As of early September this year, the Tian Teng Information Industry Base project is progressing smoothly, with the main structure of three zones completed and operational areas for unmanned vehicles and drones already in use [4]. Group 2: Business Operations and Strategic Importance - The Tian Teng Information Industry Base is the first domestic base integrating "R&D, intelligent manufacturing, testing, and simulation training" across multiple domains, including land, air, and water [4]. - The overall expected completion date for the Tian Teng Information Industry Base is by the end of 2026 [4]. - Haige Communication's business covers four main areas: wireless communication, Beidou navigation, aerospace, and digital ecology, with a focus on innovation and mixed-ownership reform [6]. Group 3: Market Position and Future Plans - The company aims to enhance its core competitiveness and accelerate the construction of the industry base to seize market opportunities in the unmanned and low-altitude economy sectors [7]. - The Guangzhou Digital Technology Group, the controlling shareholder of Haige Communication, is actively participating in the construction of low-altitude economic infrastructure in Guangzhou [7].

Core Viewpoint - The company, Haige Communication, is planning to raise up to 800 million RMB through a public offering to introduce strategic investors into its wholly-owned subsidiary, Tianteng Industry, which is expected to enhance its business development and competitiveness in the low-altitude economy sector [4][10]. Financial Summary - As of July 31, 2025, Tianteng Industry's total assets are projected to be 138.91 billion RMB, with total liabilities of 48.76 billion RMB, resulting in net assets of 90.15 billion RMB [5]. - For the first seven months of 2025, the net profit is estimated at 141.73 million RMB, while the revenue remains at 0.00 [5]. Project Overview - Tianteng Industry, established in February 2022 with a registered capital of 900 million RMB, serves as the construction entity for Haige Communication's Tianteng Information Industry Base, which spans 198,000 square meters and has a total planned construction area of 430,000 square meters [3][7]. - The Tianteng Information Industry Base is the first domestic project integrating research and development, manufacturing, testing, and simulation training across multiple domains, including land, air, and water [7]. Strategic Importance - The introduction of strategic investors is aimed at meeting the funding needs for Tianteng Industry's business development and accelerating the construction of the industry base, thereby enhancing the company's core competitiveness in the low-altitude economy [10]. - Haige Communication's business covers four main areas: wireless communication, Beidou navigation, aerospace, and digital ecology, with a focus on innovation and mixed-ownership reform [9].

Core Viewpoint - Aerospace Rainbow (002389) reported on November 13 that as of November 10, 2025, the number of shareholders is 120, with 115 households [1] Summary by Categories - **Company Information** - Aerospace Rainbow has a total of 120 shareholders as of the specified date [1] - The number of households among these shareholders is 115 [1]

Core Viewpoint - The company, AVIC Xi'an Aircraft Industry (000768), confirmed a close collaborative relationship with the First Aircraft Institute, emphasizing clear division of core business responsibilities without conflicts [1] Summary by Relevant Sections - **Collaboration and Business Structure** - The company stated that it has a tight collaborative relationship with the First Aircraft Institute, with well-defined core business roles that do not overlap [1] - **Asset Restructuring Plans** - The company indicated that if there are any asset restructuring plans, it will strictly adhere to relevant laws and regulations and fulfill information disclosure obligations in a timely manner [1]

Core Viewpoint - The company, AVIC Xi'an Aircraft Industry (Group) Company Limited, has stated that it is currently not engaged in the securities lending and borrowing business [1] Group 1 - The company confirmed its current operational status regarding securities lending and borrowing [1]

【环球网报道 记者 李梓瑜】土耳其国防部长居莱尔12日在社交媒体发文证实，11日在格鲁吉亚境内坠毁的土耳其C-130"大力神"军用运输机上的20人全部遇 难。据美联社最新报道，土耳其国防部当地时间13日宣布，作为预防措施，该国已暂时停飞该机型。 11月11日，土耳其国防部称，该国一架C-130"大力神"军用运输机当天在从阿塞拜疆返回土耳其途中在格鲁吉亚境内坠毁。该部12日确认，运输机上20人全 部遇难。土耳其内政部长耶尔利卡亚在社交媒体上说，飞机残骸于当地时间11日下午被找到。路透社12日称，土耳其总统埃尔多安表示，日前坠毁的土耳其 军用运输机的黑匣子已找到。另据美联社报道，埃尔多安还称，有关部门目前正在开展检查工作，以确定坠机原因。 报道说，土耳其国防部在一份声明中称，已暂停C-130"大力神"军用运输机的飞行任务，以便对该机型进行详细的技术检查。声明补充说，只有成功通过检 查的飞机才能获准恢复飞行。 ...

Core Viewpoint - The company provides key components for the Zhuque-3 rocket, including high-temperature alloy and titanium alloy parts [1] Company Summary - The company supplies core components such as turbine pumps and rocket body parts for the Zhuque-3 rocket engine [1] - Specific products mentioned include turbine disks and casings made from high-temperature alloys and titanium alloys [1]

Core Insights - The aerospace ETF Tianhong (159241) has seen significant trading activity, with a turnover of 8.93% and a transaction volume of 46.70 million yuan as of November 13, 2025 [1] - The ETF's latest scale reached 521 million yuan, marking a one-month high, and its share count hit 461 million, the highest since inception [1] - Recent inflows into the ETF totaled 15.70 million yuan, with a cumulative "capital absorption" of 41.19 million yuan over the past five trading days [1] Product Highlights - The aerospace ETF Tianhong (159241) effectively captures thematic investment opportunities, aligning with popular themes such as low-altitude economy, large aircraft, and satellite internet [1] - The constituent stocks are deeply involved in emerging fields like commercial aerospace, benefiting from both policy and market support [1] Hot Events - There has been a surge in global developments in the space computing sector, with domestic and international companies advancing key layouts, indicating a clear timeline of progress [2] - Notable advancements include NVIDIA's collaboration with Starcloud to deploy H100 GPUs on satellites, achieving a 100-fold increase in computing power for complex tasks [2] - Elon Musk's plans for a 100GW space data center deployment via Starship and Google's "Sun Catcher Project" to explore solar energy for orbital AI data centers highlight the accelerating commercialization of space computing [2] - Domestic advancements include the successful selection of Guoxing Aerospace's "Zero Carbon Space Computing Center" at the World Internet Conference, showcasing significant computing capabilities [2] Institutional Perspectives - Guosheng Securities notes that space computing has transitioned from conceptual validation to engineering implementation, presenting a strategic solution to ground-based computing challenges [2] - The involvement of major AI players like NVIDIA and Amazon indicates a growing trend, with potential acceleration in development due to policy support and investment [2]

调研组对有关单位在民用航空器研发制造等方面的成效予以充分肯定。 张庆伟 指出，要坚持以 习 近平 新时代中国特色社会主义思想为指导，深入学习 贯彻党的二十届四中全会精神 ，加快推动航空航 天、低空经济等战略性新兴产业高质量发展，更好服务建设制造强国、航天强国。认真做好民用航空法 修订草案修改工作，充分吸收各方面意见建议，切实提高立法质量，为民用航空事业持续健康发展提供 坚实法治保障。（完） 新华社北京11月13日电 11月12日，全国人大常委会副委员长 张庆伟 率调研组在北京开展民用航空 法修改调研。调研组先后到中国商飞北京民用飞机技术研究中心、北京航天时代激光导航技术有限责任 公司调研。 ...

Group 1 - The CN5082 Aerospace Industry Index increased by 0.68%, with notable stock performances from Tian'ao Electronics (up 10.01%), Hangxin Technology (up 4.16%), and Zhenxin Technology (up 3.83%) [1] - The eVTOL industry is experiencing a surge in orders, with Volant receiving 95 eVTOL orders worth 2.375 billion yuan and Yufeng Future securing 200 orders totaling over 2 billion yuan [1] - Aerial Solutions from Saudi Arabia signed a procurement agreement for 100 M1 cargo aircraft with Yufeng Future, indicating international interest in the eVTOL market [1] Group 2 - CICC forecasts that the aerospace and defense industry will maintain high prosperity due to the core equipment iteration and production ramp-up driven by national defense modernization goals [2] - The Aerospace ETF (159227) closely tracks the CN5082 index, with a high concentration of military industry stocks (98.2%), covering key sectors such as aerospace equipment, satellite navigation, and new materials [2] - The index includes leading companies in the military sector, focusing on emerging fields like large aircraft development and low-altitude economy [2]