【重要事项】 3连板普利特：LCP薄膜技术壁垒极高且是国内唯一实现该技术突破企业，已与海外客户关于LCP薄膜 在脑机接口领域应用进行共同开发以及验证工作 中天火箭：小型制导火箭产品主要为军贸产品，产品毛利率在35%-40%区间浮动 中集集团：子公司在商业航天领域提供液氧储罐等设备 2025年其相关业务营收和在手订单超亿元 高德红外：产品配套商业航天及星载领域红外探测器机芯 高测股份：复合钨丝腱绳已形成小批量订单 信立泰：创新药SAL0145注射液临床试验申请获得受理 恒瑞医药：1类创新药瑞拉芙普α注射液获批上市，国内外尚无同类产品获批上市 亿帆医药：全资子公司收到易黄汤颗粒境内生产药品注册受理通知书，国内尚无与该药品出自同一处方 产品上市 利扬芯片回应存储价格飙升：部分产品线的测试产能较为紧张 有部分客户主动要求涨价获得产量 中复神鹰：M55J级碳纤维正在卫星结构件领域应用验证 【投资经营】 大中矿业：拟投资36.88亿元实施2000万吨/年锂矿采选尾一体化项目 中矿资源：年产3万吨高纯锂盐技改项目已投料试产 翠微股份：旗下基金间接投资1.5亿元于超聚变 华工科技：已推出1.6T光模块用自研硅光芯片 康辰药业 ...

调研基本情况 2026年1月5日14点00分，陕西中天火箭技术股份有限公司（以下简称"公司"）在公司三楼会议室接待了 特定对象调研。参与本次调研的机构包括新华资产（姜新月、刘婷）、中邮资管（孟东晖），公司副总 经理/董事会秘书宁星华、证券事务部部长许青山出席并与机构投资者进行交流。 调研核心内容解读 小型制导火箭：系列化布局军贸市场，毛利率35%-40% 针对机构关注的小型制导火箭产品情况，公司介绍，该业务围绕"系列化、多平台化"发展思路，以客户 需求为牵引，在基本型基础上开发了破甲型、增强型等多款系列化产品，可满足不同客户的差异化需 求。 从销售及盈利来看，目前小型制导火箭主要为军贸产品，定价通过协商方式确定，产品毛利率在 35%-40%区间浮动。 增雨防雹业务：市占率超50%，毛利率波动与产品结构相关 在商业航天领域，公司重点提及增雨防雹火箭及其配套装备业务。该业务多年来市场占有率超过50%， 处于行业第一位置，属于减灾防灾领域，各省、市、气象部门每年相关经费投入较为稳定。 关于产品单价及毛利率波动问题，公司表示，增雨防雹火箭弹单价稳定，主要产品单价约3000元。而业 务板块毛利率波动主要与销售产品结构相 ...

1月5日下午，中天火箭在接待机构调研时表示，公司小型制导火箭围绕"系列化、多平台化"发展思路， 围绕客户需求牵引，在基本型的基础上开发了破甲型、增强型、等多款系列化产品，从而满足不同客户 的差异化需求。目前，公司小型制导火箭产品主要为军贸产品，产品定价通过协商定价开展，产品毛利 率在35%-40%区间浮动。公司已经为星河动力、凌空天行等商业航天相关客户公司提供耐烧蚀组件产 品。 ...

每经AI快讯，1月7日，中天火箭（003009）(003009.SZ)发布投资者关系活动记录表公告称，公司小型 制导火箭围绕"系列化、多平台化"发展思路，围绕客户需求牵引，在基本型的基础上开发了破甲型、增 强型、等多款系列化产品，从而满足不同客户的差异化需求。目前，公司小型制导火箭产品主要为军贸 产品，产品定价通过协商定价开展，产品毛利率在35%-40%区间浮动。公司已经为星河动力、凌空天行 等商业航天相关客户公司提供耐烧蚀组件产品。 ...

编号： 2026-001 | | ■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 | 新华资产 姜新月、刘婷 | | | 中邮资管 孟东晖 | | 时间 2026 | 年 月 日 点 分 1 5 14 00 | | 地点 | 公司三楼会议室 | | 上市公司接待人 | 副总经理/董事会秘书 宁星华 | | 员姓名 | 证券事务部部长 许青山 | | | 一、组织开展交流会议 | | | 1.请问公司小型制导火箭的产品系列有哪些？ | | | 公司小型制导火箭围绕"系列化、多平台化"发展思路， | | | 围绕客户需求牵引，在基本型的基础上开发了破甲型、增强型、 | | | 等多款系列化产品，从而满足不同客户的差异化需求。 | | 投资者关系活动 | 2.请问小型制导火箭产品的销售范围、定价模式及毛利率 | | 主要内容介绍 | 情况如何？ | | | 目前，公司小型制导火箭产品主要为军贸产品，产品定价 | | | ...

Group 1 - The company, Zhongtian Rocket, stated on September 19 that its small guided rockets are developed around the direction of "multi-platform and serialization" [1] - The small guided rockets can be mounted on various types of drones [1]

Group 1 - The core viewpoint of the reports indicates that Zhongtian Rocket is facing structural operational challenges, with significant declines in revenue and net profit due to intensified competition in the photovoltaic industry [1][2] - In the first half of 2025, the company reported operating revenue of 301 million yuan, a year-on-year decrease of 32.86%, and a net profit attributable to shareholders of 3.9446 million yuan, down 80.74% year-on-year [1] - The carbon/carbon thermal field materials business, once a key growth driver, saw its revenue plummet by 73.81% to 48.7674 million yuan, with its gross margin falling to -48.53%, significantly impacting overall net profit [1][2] Group 2 - The decline in performance is primarily attributed to the underperformance of its wholly-owned subsidiary, Chaoma Technology, and the sales shortfall of Sanwo Electromechanical [2] - The artificial weather modification business, which includes rain enhancement and hail suppression rockets, showed resilience with a revenue increase of 56.66% to 174 million yuan, accounting for 57.78% of total revenue [2][3] - Zhongtian Rocket holds the largest approved production capacity in the artificial weather modification sector, with a market share exceeding 50%, and has a gross margin of 39.27%, reflecting a positive trend in profitability [3]

Core Viewpoint - The military industry sector has become a popular focus in the A-share market, with multiple concept stocks experiencing significant increases due to preparations for the "9.3 Military Parade" and ongoing geopolitical risks from conflicts such as Russia-Ukraine and Israel-Palestine [1] Group 1: Market Dynamics - The recent surge in military stocks is driven by three main factors: the upcoming Army Day and military parade expectations, a new cycle of global military spending expansion, and the potential for increased asset securitization rates among state-owned military enterprises due to deepening reforms [1] - The Shanghai Cooperation Organization's defense ministers' meeting in Qingdao, where multiple ministers visited China's 052D destroyer, has further strengthened market expectations regarding China's military equipment export potential [1] Group 2: Company Responses and Developments - Companies like Shanhai Intelligent are currently focused on domestic military equipment delivery and are actively developing products suitable for military trade [2] - Tianhe Defense exports military products through military trade companies, adhering to national military trade policies [4] - Guangdong Hongda is engaged in both domestic and international military trade markets, focusing on traditional and smart munitions [6] - Zhongtian Rocket has military trade products, including small guided rockets, exported to Middle Eastern countries [8] - Aerospace Rainbow reports a historical high in foreign trade product orders, with its drones being well-regarded internationally for their performance and cost-effectiveness [15] - AVIC Shenyang Aircraft has established a military trade development committee to enhance its military trade operations and align with national strategies [17] - Huachang Technology has signed military trade export orders for 2025 and is actively organizing production [19] - Companies like Optoelectronics Co. are focusing on maintaining military trade as a vital part of their defense industrial economy, with plans to enhance their professional military trade teams and product promotion [21]

Group 1: Business Operations - The company offers two commercial models for its UAV shadow business: equipment sales with pilot training and pay-per-use operational services to meet diverse needs [2] - The current state of the photovoltaic business is competitive, with product prices remaining low; however, the clean energy trend is expected to grow under the national "dual carbon" strategy [2] - The company has completed multiple vehicle bench tests and customer trials for its carbon-ceramic brake disc business, with production lines optimized to reduce unit costs [3] Group 2: Product Development and Market Position - The company is focusing on the development of small guided rockets, aiming for a series of products tailored to customer needs, with plans to enhance market expansion [3] - The annual production capacity for rain enhancement and hail suppression rockets is over 10,000 units, holding a market share exceeding 50%, maintaining the industry leader position [3] - The military products include sounding rockets, small guided rockets, target missiles, and solid rocket engine components, with a pricing model based on negotiation [3] Group 3: Future Outlook and Strategy - The company adopts a multi-segment development strategy to effectively respond to market challenges and enhance competitiveness [3] - There is confidence in the ability to adapt to future market changes and seize development opportunities [3]

Group 1: Company Overview - The company is the largest unit in the industry with a production capacity approval of 100,000 units for its human shadow business, issued by the Ministry of Industry and Information Technology [2][3] - The company is actively responding to the requirements of the State-owned Assets Supervision and Administration Commission to enhance the quality of the listed company [4] Group 2: Business Performance - The demand for small guided rocket products is influenced by international politics and regional stability, with no significant cyclicality in orders [3] - The human shadow business experienced a year-on-year decline in 2024 due to client adjustments for warehouse safety renovations, but is expected to stabilize by the end of the year [3] Group 3: Future Development - The company is developing its small guided rockets towards series and multi-platform options to support sustainable future growth [3] - The company is focusing on the research and application of integrated smart security technologies, targeting border patrol scenarios with automated monitoring systems [5] Group 4: Financial Management - The company has initiated a plan for market value management to ensure sustainable and healthy development [5] - Currently, there are no plans for refinancing [6]