格隆汇7月30日丨新兴装备(002933.SZ)于投资者互动平台表示，公司舵机类、发电机等产品可应用于无 人机领域。 ...

Group 1 - The aerospace ETF Tianhong (159241) experienced a slight increase of 0.08% with a trading volume exceeding 280 million yuan, indicating active trading and premium transactions [1] - The ETF has seen a net subscription of 10 million shares in real-time, with a net inflow of over 7.1 million yuan in the previous day, marking two consecutive days of net inflow [1] - The current circulation scale of the aerospace ETF Tianhong is 429 million yuan, with a total of 357 million shares, reflecting an impressive year-to-date share growth rate of 87.76%, the highest among similar products [1] Group 2 - Blue Arrow Aerospace has initiated listing guidance for the Sci-Tech Innovation Board, with China International Capital Corporation serving as the advisory institution [2] - Founded in 2015, Blue Arrow Aerospace is the first private launch vehicle company in China to obtain all access qualifications, focusing on a full industry chain centered around medium and large liquid oxygen-methane launch vehicles [2] - The military industry is expected to see strong demand recovery by 2025, with significant growth in both domestic and international markets, making military investment a priority for the future [2]

Market Overview - The market is experiencing normal fluctuations, with bank stocks being a focus for portfolio adjustments, leading to a slight decline in the Hang Seng Index by 0.15% [1] - U.S. President Trump claims the EU has agreed to invest $600 billion as part of a trade deal, but EU officials clarify that this investment is from private companies and not from EU budgets [1] - Ongoing U.S.-China talks are expected to continue, with no immediate resolutions anticipated [1] Policy Impact - The implementation of China's childcare subsidy policy has shown initial positive effects, with stocks like Ausnutria Dairy (01717) rising by 15% before retreating due to a lack of incremental growth expectations [2] - The People's Bank of China's survey indicates a decline in income perception, which may hinder consumer spending and economic growth [2] Pharmaceutical Sector - WuXi AppTec (02359) reported a revenue of 20.799 billion yuan, a 20.6% year-on-year increase, and a net profit of 8.287 billion yuan, up 95.5% year-on-year, leading to a stock surge of over 11% [3] - Other companies like Kanglong Chemical (03759) and Zhaoyan New Drug (06127) also forecasted revenue growth, contributing to a positive trend in the pharmaceutical sector [3] AI and Technology Investments - The World Artificial Intelligence Conference resulted in 31 projects being signed with investments exceeding 15 billion yuan, boosting related sectors such as hardware and fiber optics [4] - Changfei Optical Fiber (06869) is seeing positive market sentiment due to its advancements in technology and production capacity, with a stock increase of over 12% [4] Corporate Collaborations - Shanghai Fudan (01385) has entered a technology service contract with Fudan University to develop advanced FPGA technology, resulting in a stock increase of nearly 10% [5] - Hard Egg Innovation (00400) is set to launch a flagship AI computing platform, which is expected to attract significant market interest [5] Stock Movements - JunDa Holdings (02865) has transferred shares to the Hong Kong Stock Connect, enhancing liquidity and resulting in a stock increase of nearly 6% [6] - Notable net purchases by South Korean investors in Hong Kong stocks include Alibaba (09988) and CATL (03750), indicating strong foreign interest [6] Environmental Regulations - Tangshan has completed environmental rectifications for local steel companies, aiming to control steel production capacity by the end of 2025, which may strengthen the steel sector's fundamentals [7] Aerospace Industry - AVIC Science and Technology (02357) reported a revenue of 2.376 billion yuan for its subsidiary, with a focus on integrating aviation businesses and benefiting from strong industry demand [8] - The C919 domestic aircraft has received over 1,000 orders, with projections for the international civil aviation market reaching $6.6 trillion, positioning AVIC for significant growth opportunities [9]

Market Overview - The aviation equipment sector increased by 1.71% on July 29, with Hangfa Technology leading the gains [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Stock Performance - Hangfa Technology (600391) closed at 32.03, up 9.99% with a trading volume of 361,600 shares and a transaction value of 1.102 billion [1] - Hangya Technology (688510) closed at 25.86, up 8.66% with a trading volume of 157,400 shares [1] - Zongheng Co. (688070) closed at 59.88, up 6.62% with a trading volume of 48,000 shares [1] - Chengxi Aviation (300581) closed at 22.86, up 6.08% with a trading volume of 988,700 shares and a transaction value of 2.213 billion [1] - Hangyu Technology (688239) closed at 39.87, up 5.87% with a trading volume of 63,900 shares [1] - Other notable stocks include Zhonghang Shenfei (600760) at 66.14, up 3.38%, and Feilai (300395) at 83.04, up 2.86% [1] Capital Flow - The aviation equipment sector saw a net inflow of 239 million in main funds, while retail investors experienced a net outflow of 197 million [2][3] - Major stocks like Zhonghang Shenfei (600760) had a net inflow of 334 million, while Hangfa Technology (600391) saw a net outflow of 101 million from retail investors [3]

Group 1 - The aerospace ETF Tianhong (159241) showed a slight increase of 0.25% with a trading volume exceeding 520 million yuan, indicating active market interest in the military industry sector [1] - The ETF has seen a net subscription of 10 million shares in real-time, with a net inflow of over 4.7 million yuan yesterday, reflecting strong investor confidence [1] - The current circulating scale of the aerospace ETF is 415 million yuan, with a total of 351 million shares, and a year-to-date share growth rate of 84.61%, the highest among similar products [1] Group 2 - The China Public Bidding Service Platform announced a tender for rocket launch services for 2025, with a total of 7 launches and 94 satellites, amounting to 1.336 billion yuan [2] - The tender is part of the second round of bidding for Shanghai Yuanxin Satellite Technology Co., indicating a significant acceleration in the construction of the Qianfan constellation [2] - Analysts suggest that the participation of multiple private rocket companies in the bidding could enhance network capacity and expedite satellite constellation development [2]

Core Viewpoint - The company has decided to abolish its supervisory board and amend its articles of association and certain management systems to align with new regulations and improve corporate governance [1][2]. Summary by Sections Cancellation of Supervisory Board - The company will no longer have a supervisory board starting from July 1, 2024, as per the new Company Law and related regulations [1]. - The functions of the supervisory board will be transferred to the audit committee under the board of directors [1]. - The existing rules governing the supervisory board will be abolished, and relevant provisions in the company's regulations will be updated accordingly [1]. Amendments to Articles of Association - The amendments aim to enhance the company's governance structure and comply with the requirements for companies listed on the Sci-Tech Innovation Board [2]. - Key changes include: - The first article emphasizes the implementation of the "two unifications" principle and the strengthening of the party's leadership [2]. - New provisions clarify the responsibilities of the legal representative and the company's liability for civil activities conducted in its name [3]. - The articles now include enhanced internal supervision and risk control measures [3]. Management System Revisions - The company will revise its management systems to reflect the cancellation of the supervisory board and the new governance structure [1][2]. - Specific amendments include the procedures for shareholder meetings and the rights and obligations of shareholders [8][12]. - The company will ensure compliance with laws and regulations while maintaining transparency and accountability in its operations [1][2].

Core Viewpoint - The company is conducting a board of directors election to form its third board, consisting of 9 members, including 6 non-independent directors and 3 independent directors [1][2]. Board Election Summary - The second board's term is nearing completion, prompting the election process for the third board [1]. - The company held a meeting on July 28, 2025, to approve the nomination of candidates for the third board [1]. - The non-independent director candidates include Deng Changquan, Hu Yuanjian, Liu Wenbiao, Zhong Hua, and Zan Qiong, while the independent director candidates are Yu Zengbiao, Xu Changyue, and Tian Duoyu [2]. Employee Representative Director Election - The company held an employee representative meeting on July 25, 2025, electing Fan Rui as the employee representative director for the third board [2]. Candidate Qualifications - All nominated candidates meet the legal and regulatory requirements for board membership and have no disqualifying records [3][4]. - Independent director candidate Yu Zengbiao has obtained the independent director qualification certificate, while Xu Changyue and Tian Duoyu have committed to completing the required training [2][3]. Board Composition and Voting - The third board will consist of 9 directors, with elections conducted via a cumulative voting system [2]. - The new board members will assume their roles upon approval at the company's second extraordinary general meeting in 2025, with a term of three years [2]. Acknowledgment of Current Board - The company expresses gratitude to the current board members for their contributions during their tenure [4].

Core Viewpoint - The document outlines the information disclosure management system of Hefei Jianghang Aircraft Equipment Co., Ltd, emphasizing the importance of timely, accurate, and complete disclosure of significant information to protect investors' rights and comply with relevant laws and regulations [3][6][19]. Group 1: Information Disclosure Principles - Information disclosure is a continuous responsibility of the company, requiring timely and fair disclosure of all significant information that may impact stock trading prices or investment decisions [9][10]. - The company must ensure that disclosed information is truthful, accurate, complete, and presented in a clear and understandable manner, avoiding misleading statements or omissions [6][8][12]. - All investors must have equal access to disclosed information, and selective disclosure to certain investors is prohibited [14][18]. Group 2: Disclosure Obligations - The company is required to disclose major information related to financial performance, mergers and acquisitions, significant investments, and legal matters [3][11][42]. - Specific thresholds for disclosure include transactions exceeding 300,000 yuan with related parties or significant lawsuits involving amounts over 10 million yuan [46][51]. - The company must also disclose any changes in its operational strategy, governance, or significant financial events that could affect its stock price [52][53]. Group 3: Disclosure Procedures - The board of directors is responsible for overseeing the information disclosure process, with the board secretary coordinating the disclosure activities [53][54]. - A structured review process must be followed before disclosing information, including verification by relevant department heads and compliance checks by the board secretary [57][58]. - The company must promptly correct any disclosed information that is found to be erroneous or misleading [60][62]. Group 4: Media and Communication - Information must be disclosed through designated media channels, including the Shanghai Stock Exchange website, ensuring that the timing of disclosures does not precede the designated media [2][19]. - The company is prohibited from using press releases or media interviews as substitutes for formal disclosures [59][21]. - Any external communication regarding undisclosed significant information must be avoided to prevent insider trading or market manipulation [12][22].

Core Points - The document outlines the selection and appointment system for accounting firms at Hefei Jianghang Aircraft Equipment Co., Ltd, aiming to ensure fair competition and enhance audit quality [2][4][5] - The selection process requires approval from the audit committee, board of directors, and shareholders, ensuring independence from major shareholders and actual controllers [6][8] - The document specifies the qualifications and quality requirements for accounting firms, including independence, good reputation, and compliance with relevant laws [5][6][8] Group 1 - The selection of accounting firms must comply with the Company Law and relevant regulations, and the process is to be conducted by the audit committee [2][4][6] - The audit committee is responsible for proposing the appointment of accounting firms and evaluating their performance [8][11] - The document emphasizes the importance of maintaining audit quality and outlines the criteria for evaluating accounting firms, including audit fees and quality management [10][12][14] Group 2 - The document details the procedures for selecting accounting firms, including competitive negotiations and public selections to ensure fairness [8][9][10] - It mandates that the audit committee must conduct thorough evaluations of the accounting firms' qualifications and performance before making recommendations [11][12][13] - The document also addresses the conditions under which a change of accounting firms is necessary, such as significant quality defects or delays in audit work [12][16][19]

General Provisions - The company, Hefei Jianghang Aircraft Equipment Co., Ltd., aims to establish its legal status and regulate its organization and behavior in accordance with relevant laws and regulations [1][2] - The company was established as a joint-stock company based on the net assets of the original Hefei Jianghang Aircraft Equipment Co., Ltd. and registered with the market supervision authority in Hefei [1][2] - The company was approved by the China Securities Regulatory Commission to issue 100,936,100 shares of common stock to the public and was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on July 31, 2020 [1][3] - The registered capital of the company is RMB 791,339,156 [1][2] Business Objectives and Scope - The company's business objective is to provide life support and a healthy environment for defense and civilian needs, creating value for the company and its shareholders [6] - The company's business scope includes various aviation and aerospace systems, equipment, and services, such as oxygen systems, aircraft cabin equipment, and air purification devices [6] Share Issuance - The company issues shares in the form of stocks, ensuring that all shares of the same category have equal rights [6][7] - The total number of shares issued by the company is 791,339,156, all of which are common shares [5][6] Shareholder Rights and Responsibilities - Shareholders have the right to receive dividends and participate in decision-making processes, including the right to request meetings and supervise company operations [13][14] - Shareholders are obligated to comply with laws and regulations, pay for their subscribed shares, and not misuse their rights to harm the company or other shareholders [19][20] Shareholder Meetings - The company holds annual and temporary shareholder meetings, with specific procedures for convening and voting [48][49] - The board of directors is responsible for convening shareholder meetings and must provide timely notifications to shareholders [52][53] Voting and Resolutions - Resolutions at shareholder meetings require a majority or two-thirds majority vote, depending on whether they are ordinary or special resolutions [36][80] - The company must ensure that voting on significant matters affecting minority investors is conducted separately [38]