Core Viewpoint - The company plans to change its business scope and amend its articles of association, which requires approval from the shareholders' meeting [1][3]. Group 1: Business Scope Changes - The company intends to expand its business scope to include the research, development, manufacturing, and sales of oil drilling tools, equipment, and materials, in addition to its existing hydraulic components and systems [1]. - The revised business scope will also cover the import and export of raw materials, machinery, instruments, and hydraulic components necessary for the company's production and research [1]. Group 2: Corporate Governance - The proposed amendments to the articles of association will be submitted for approval at the company's first extraordinary shareholders' meeting in 2025, requiring a two-thirds majority of the voting rights present [3]. - The board of directors will seek authorization from the shareholders' meeting to handle the necessary business registration and related matters following the approval [3].

证券研究报告 | 北交所定期报告 | | --- | hyzqdatemark 2025 年 05 月 12 日 证券分析师 赵昊 SAC：S1350524110004 zhaohao@huayuanstock.com 万枭 SAC：S1350524100001 wanxiao@huayuanstock.com 印巴冲突背景下国防建设地位凸显，关注北交所军工&航空产业企业 ——北交所科技成长产业跟踪第二十五期（20250511） 投资要点： 风险提示：宏观经济环境变动风险、市场竞争风险、资料统计误差风险。 请务必仔细阅读正文之后的评级说明和重要声明 联系人 2025 年我国国防支出为 17847 亿元（yoy+7.2%）。根据新华社消息，印度军方于 2025 年 5 月 7 日凌晨对巴基斯坦境内及巴控克什米尔地区多处目标发动军事打击，巴方随即反击并称击落了多架印军 战机。2024 年我国国防支出是 16652.08 亿元，2025 年我国国防支出为 17846.65 亿元，同比增长 7.2%， 预算增幅连续三年持平，2016 年至 2025 年，我国国防预算已经连续 10 年实现个位数增长。本章节我们 对国产 ...