数据显示，方正富邦基金旗下1只基金重仓航发动力。方正富邦核心优势混合A（018815）三季度增持6 万股，持有股数7.5万股，占基金净值比例为8.01%，位居第五大重仓股。根据测算，今日浮盈赚取约 7.27万元。连续7天上涨期间浮盈赚取37.42万元。 方正富邦核心优势混合A（018815）成立日期2024年1月15日，最新规模1624.2万。今年以来收益 10.56%，同类排名482/9012；近一年收益24.01%，同类排名4955/8157；成立以来收益24.99%。 1月12日，航发动力涨2.21%，截至发稿，报44.94元/股，成交32.36亿元，换手率2.72%，总市值1197.92 亿元。航发动力股价已经连续7天上涨，区间累计涨幅12.49%。 资料显示，中国航发动力股份有限公司位于陕西省西安市未央区徐家湾，成立日期1993年12月23日，上 市日期1996年4月8日，公司主营业务涉及航空发动机制造及衍生产品的生产、民用航空发动机零部件外 贸转包生产及部分非航空产品的生产。主营业务收入构成为：航空发动机及衍生产品91.55%，外贸出 口6.17%，非航空产品及其他2.28%。 从基金十大重仓股角 ...

航发动力所属申万行业为：国防军工-航空装备Ⅱ-航空装备Ⅲ。所属概念板块包括：航母产业、央企改 革、通用航空、大飞机、低空经济等。 截至10月31日，航发动力股东户数13.08万，较上期增加0.00%；人均流通股20376股，较上期增加 0.00%。2025年1月-9月，航发动力实现营业收入229.12亿元，同比减少11.73%；归母净利润1.08亿元， 同比减少85.13%。 1月6日，航发动力盘中上涨2.07%，截至13:23，报40.99元/股，成交11.84亿元，换手率1.10%，总市值 1092.63亿元。 资金流向方面，主力资金净流出1774.03万元，特大单买入1.55亿元，占比13.09%，卖出1.73亿元，占比 14.64%；大单买入3.13亿元，占比26.43%，卖出3.12亿元，占比26.38%。 航发动力今年以来股价涨2.40%，近5个交易日涨1.84%，近20日涨10.81%，近60日跌2.64%。 资料显示，中国航发动力股份有限公司位于陕西省西安市未央区徐家湾，成立日期1993年12月23日，上 市日期1996年4月8日，公司主营业务涉及航空发动机制造及衍生产品的生产、民用航空发动机 ...

Core Viewpoint - The company is establishing a new subsidiary, Aviation Power General Aviation Power Technology (Shanghai) Co., Ltd., with a registered capital of 3.5 billion yuan to enhance its competitiveness in the aviation engine and related products market [1] Group 1: Investment Details - The subsidiary will be jointly funded by six institutions, including both related and non-related parties, with the company contributing 931 million yuan in cash and intangible assets for a 26.5938% stake [1] - The investment aims to support the national low-altitude economy development strategy and promote the industrialization and marketization of general aviation power [1] Group 2: Operational Impact - The new company will focus on the research, development, manufacturing, sales, and related technical services of aviation engines and derivative products, as well as aviation aircraft [1] - The investment has been approved by the company's board and military-related review, and it is expected to have a positive impact on the company's future operations without harming the interests of minority shareholders or causing industry competition [1]

盈利预测： [Table_Title] 航发动力（600893.SH） 航空发动机领军企业，维修后市场景气成长可期 [Table_Summary] 核心观点： | [Table_ 单位 Finance] :人民币百万元 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入 | 43,734 | 47,880 | 48,222 | 54,708 | 64,182 | | 增长率（ % ） | 17.9% | 9.5% | 0.7% | 13.5% | 17.3% | | EBITDA | 4,171 | 4,132 | 4,159 | 4,923 | 5,812 | | 归母净利润 | 1,421 | 860 | 599 | 911 | 1,298 | | 增长率（ ） % | 12.1% | -39.5% | -30.3% | 51.9% | 42.5% | | EPS（元/股） | 0.53 | 0.32 | 0.22 | 0.34 | 0.49 | | 市盈率（P/E） | 70.1 | ...

Core Viewpoint - The stock of Aviation Power has shown fluctuations with a recent increase of 2.01%, while the company faces a decline in revenue and profit year-on-year, indicating potential challenges ahead in the defense and aviation sector [1][2]. Group 1: Stock Performance - As of December 25, Aviation Power's stock price reached 39.61 CNY per share, with a market capitalization of 105.58 billion CNY [1]. - The stock has decreased by 4.21% year-to-date but has seen a recent uptick of 5.07% over the last five trading days [1]. - The company has experienced significant trading activity, with a net inflow of 20.51 million CNY from major funds [1]. Group 2: Financial Performance - For the period from January to September 2025, Aviation Power reported a revenue of 22.91 billion CNY, a year-on-year decrease of 11.73%, and a net profit of 108 million CNY, down 85.13% year-on-year [2]. - Cumulatively, the company has distributed 4.06 billion CNY in dividends since its A-share listing, with 1.07 billion CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of October 31, 2025, the number of shareholders for Aviation Power stood at 130,800, with an average of 20,376 shares held per shareholder [2]. - The largest circulating shareholder, Hong Kong Central Clearing Limited, holds 35.84 million shares, a decrease of 3.76 million shares from the previous period [3].

机构持仓方面，截止2025年9月30日，航发动力十大流通股东中，香港中央结算有限公司位居第四大流 通股东，持股3583.89万股，相比上期减少3762.36万股。富国中证军工龙头ETF（512710）位居第七大 流通股东，持股3011.21万股，相比上期增加453.42万股。华泰柏瑞沪深300ETF（510300）位居第八大 流通股东，持股2281.60万股，相比上期减少101.20万股。 责任编辑：小浪快报 资料显示，中国航发动力股份有限公司位于陕西省西安市未央区徐家湾，成立日期1993年12月23日，上 市日期1996年4月8日，公司主营业务涉及航空发动机制造及衍生产品的生产、民用航空发动机零部件外 贸转包生产及部分非航空产品的生产。主营业务收入构成为：航空发动机及衍生产品91.55%，外贸出 口6.17%，非航空产品及其他2.28%。 航发动力所属申万行业为：国防军工-航空装备Ⅱ-航空装备Ⅲ。所属概念板块包括：央企改革、航母产 业、大盘、融资融券、MSCI中国等。 截至10月31日，航发动力股东户数13.08万，较上期增加0.00%；人均流通股20376股，较上期增加 0.00%。2025年1月-9月， ...

航发动力所属申万行业为：国防军工-航空装备Ⅱ-航空装备Ⅲ。所属概念板块包括：大飞机、央企改 革、航天军工、无人机、通用航空等。 截至6月30日，航发动力股东户数14.99万，较上期增加6.41%；人均流通股17778股，较上期减少 6.03%。2025年1月-6月，航发动力实现营业收入140.98亿元，同比减少23.99%；归母净利润9177.79万 元，同比减少84.57%。 分红方面，航发动力A股上市后累计派现40.57亿元。近三年，累计派现10.72亿元。 10月14日，航发动力盘中上涨2.07%，截至09:53，报43.87元/股，成交3.91亿元，换手率0.34%，总市值 1169.40亿元。 资金流向方面，主力资金净流出1051.30万元，特大单买入2845.34万元，占比7.28%，卖出2534.21万 元，占比6.48%；大单买入7283.33万元，占比18.62%，卖出8645.76万元，占比22.11%。 航发动力今年以来股价涨6.09%，近5个交易日涨8.70%，近20日涨16.74%，近60日涨19.70%。 今年以来航发动力已经1次登上龙虎榜，最近一次登上龙虎榜为4月2日，当日龙虎榜 ...

Core Viewpoint - The stock of Aviation Power has shown a positive trend with a year-to-date increase of 3.86% and a significant rise of 15.89% over the past 60 days, indicating strong market interest and potential growth in the defense and aerospace sector [1][2]. Financial Performance - For the first half of 2025, Aviation Power reported a revenue of 14.098 billion yuan, reflecting a year-on-year decrease of 23.99%, while the net profit attributable to shareholders was 91.78 million yuan, down 84.57% compared to the previous year [2]. - The company has cumulatively distributed 4.057 billion yuan in dividends since its A-share listing, with 1.072 billion yuan distributed over the last three years [3]. Shareholder and Market Activity - As of June 30, 2025, the number of shareholders increased to 149,900, with an average of 17,778 shares held per shareholder, a decrease of 6.03% from the previous period [2]. - Major shareholders include Hong Kong Central Clearing Limited, which holds 73.4625 million shares, and new entrants like the Fortune China Securities Military Industry Leader ETF [3]. Stock Performance and Trading Activity - On October 13, the stock price reached 42.95 yuan per share, with a trading volume of 783 million yuan and a turnover rate of 0.69% [1]. - The stock has seen significant trading activity, with net inflows of 7.4662 million yuan from main funds and notable buying and selling by large orders [1].

Group 1 - The core point of the news is that China Aviation Power Co., Ltd. experienced a 5% increase in stock price, reaching 42.38 CNY per share, with a trading volume of 1.904 billion CNY and a turnover rate of 1.73%, resulting in a total market capitalization of 112.968 billion CNY [1] - The company, established on December 23, 1993, and listed on April 8, 1996, is primarily engaged in the manufacturing of aircraft engines and related products, with 91.55% of its revenue coming from aircraft engines and derivatives, 6.17% from foreign trade exports, and 2.28% from non-aerospace products [1] Group 2 - From the perspective of major fund holdings, one fund under Southern Fund has a significant position in China Aviation Power, specifically the Southern CSI National New Central Enterprise Technology Leading ETF (560170), which reduced its holdings by 412,800 shares in the second quarter, now holding 1.8647 million shares, accounting for 4.93% of the fund's net value, ranking as the fifth-largest holding [2] - The Southern CSI National New Central Enterprise Technology Leading ETF (560170) was established on June 21, 2023, with a latest scale of 1.456 billion CNY, achieving a year-to-date return of 21.3%, ranking 2659 out of 4220 in its category, and a one-year return of 39.37%, ranking 1801 out of 3846 [2]

Core Viewpoint - The stock of Aviation Power has shown fluctuations with a recent increase of 2.05%, reflecting a total market capitalization of 107.72 billion yuan and a trading volume of 8.91 billion yuan [1] Financial Performance - For the first half of 2025, Aviation Power reported a revenue of 14.098 billion yuan, a year-on-year decrease of 23.99%, and a net profit attributable to shareholders of 91.78 million yuan, down 84.57% year-on-year [2] - The company has cumulatively distributed dividends of 4.057 billion yuan since its A-share listing, with 1.072 billion yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, the number of shareholders of Aviation Power increased to 149,900, up 6.41% from the previous period, with an average of 17,778 shares held per shareholder, a decrease of 6.03% [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder, holding 73.4625 million shares, an increase of 15.3358 million shares from the previous period [3] Stock Market Activity - The stock has experienced a decline of 2.28% year-to-date, but has seen a 7.44% increase over the last five trading days [1] - The company has appeared on the "Dragon and Tiger List" once this year, with a net buy of -1.447 billion yuan on April 2, where total buying amounted to 291 million yuan, accounting for 8.90% of total trading volume [1]