航天环宇成立于2000年3月10日，于2023年6月2日在上海证券交易所上市，注册及办公地址均为湖南省长 沙市。公司是航空航天领域的重要企业，专注于宇航产品、航空航天工艺装备、航空产品、卫星通信及测 控测试设备等的研发制造。 截至2025年9月30日，航天环宇A股股东户数为1.04万，较上期增加10.41%；户均持有流通A股数量为 9246.59，较上期减少9.43%。十大流通股东中，香港中央结算有限公司位居第六大流通股东，持股142.22 万股，相比上期减少35.74万股；南方中证1000ETF（512100）位居第十大流通股东，持股74.85万股，为新 进股东。 中信建投指出，公司2025H1业绩持续增长，收入和利润均同比提升，主要受宇航及通信产品、航空产品驱 动。分版块看，宇航及通信产品和航空产品营收增长显著，航空航天工艺装备营收下滑。公司紧跟国家政 策，在航空航天领域双轮驱动，叠加国产大飞机、商业航天、低空经济等新兴增长点。积极推进产业园区 建设，加大技术开发和自主创新力度。预计公司2025 - 2027年的归母净利润分别为1.20、1.44和1.74亿元， 同比增长分别为18.12%、20.29%和 ...

资料显示，湖南航天环宇通信科技股份有限公司位于湖南省长沙市岳麓区杏康南路6号，成立日期2000 年3月10日，上市日期2023年6月2日，公司主营业务涉及金属及复合材料零部件成型工艺装备、装配型 架、复合材料零件自动化生产线、部段和整机装配生产线、非标装备等产品的研制、维修及服务。主营 业务收入构成为：宇航及通信产品46.62%，航空产品27.72%，航空航天工艺装备25.60%，其他(补 充)0.06%。 从基金十大重仓股角度 数据显示，汇泉基金旗下1只基金重仓航天环宇。汇泉启元未来混合发起式A（014827）二季度持有股 数3600股，占基金净值比例为0.43%，位居第七大重仓股。根据测算，今日浮盈赚取约4536元。 10月28日，航天环宇涨5.09%，截至发稿，报26.00元/股，成交1.03亿元，换手率4.21%，总市值105.79 亿元。 截至发稿，沈鑫累计任职时间1年224天，现任基金资产总规模10亿元，任职期间最佳基金回报 51.68%， 任职期间最差基金回报-0.36%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指 ...

Core Viewpoint - The report outlines the continuous supervision and compliance of Hunan Aerospace Huanyu Communication Technology Co., Ltd. during its initial public offering and listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board, emphasizing the absence of major violations and the company's adherence to regulatory requirements [1][4][26]. Continuous Supervision Work - The sponsor has established and effectively implemented a continuous supervision work system, creating specific work plans for ongoing oversight [2][4]. - During the supervision period, the company did not report any violations or breaches of commitments [5][6]. Compliance and Governance - The sponsor has ensured that the company and its management comply with laws, regulations, and business rules set by the Shanghai Stock Exchange [6][7]. - The company has established effective internal control systems, including financial management and auditing procedures, ensuring proper governance [7][8]. Financial Performance - For the first half of 2025, the company's operating income reached approximately 207 million yuan, a 23.44% increase from the same period in 2024 [21]. - The net profit attributable to shareholders was approximately 34.7 million yuan, reflecting a 52% increase year-on-year [21]. - The company's basic earnings per share rose by 52.58% to 0.0859 yuan [21]. Research and Development - The company invested approximately 37.7 million yuan in R&D during the first half of 2025, representing a 49% increase compared to the same period in 2024 [21][26]. - The R&D expenditure accounted for 18.22% of operating income, an increase of 3.12 percentage points from the previous year [21]. Core Competitiveness - The company has developed a comprehensive technical system in aerospace products, satellite communication, and testing equipment, which enhances its competitive edge [22][23]. - The company has established a high-level, professional R&D team, contributing to its innovation capabilities and future growth [22][23]. Industry Context - The aerospace industry is characterized by high technology and significant government support, with policies encouraging development in this strategic sector [23][24]. - The company faces competition from new entrants as the industry opens up, necessitating continuous innovation to maintain its market position [24][25]. Use of Raised Funds - The company raised approximately 893.6 million yuan from its IPO, with a net amount of about 823.1 million yuan after deducting issuance costs [26]. - The funds are being used in compliance with regulations, with no violations reported regarding their usage [26].

Core Viewpoint - The report outlines the continuous supervision and compliance of Hunan Aerospace Huanyu Communication Technology Co., Ltd. during its initial public offering and listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board, emphasizing the company's adherence to regulations and the absence of major violations during the supervision period [1][3][29]. Continuous Supervision Work - The sponsor has established and effectively implemented a continuous supervision work system, creating specific work plans for ongoing oversight [2]. - A continuous supervision agreement was signed between the sponsor and the company, detailing the rights and obligations of both parties during the supervision period [3]. - Throughout the supervision period, the company did not disclose any violations or breaches of commitments [3][4]. Compliance and Governance - The sponsor has ensured that the company and its management comply with laws, regulations, and the business rules set by the Shanghai Stock Exchange [4]. - The company has established effective internal control systems, including financial management and auditing procedures, ensuring proper operational governance [6]. Financial Performance - In 2024, the company reported operating income of 508.04 million yuan, an increase of 11.36% from 2023 [22]. - The net profit attributable to shareholders decreased by 24.42% to 101.57 million yuan compared to the previous year [22]. - The net cash flow from operating activities increased by 45.93% to 57.29 million yuan [22]. Key Financial Indicators - The basic earnings per share decreased by 27.24% to 0.2508 yuan [22]. - The weighted average return on net assets fell by 4.47 percentage points to 6.19% [22]. - Research and development expenditure accounted for 11.90% of operating income, an increase of 1.35 percentage points from the previous year [22]. Core Competitiveness - The company has developed a comprehensive technical system in aerospace products, satellite communication, and related equipment, enabling it to optimize product processes and maintain quality [24][25]. - The company has a high-level, specialized research and development team, which is crucial for its ongoing development in the aerospace sector [25]. - The company has established a strict production management and quality control system to ensure product reliability and safety, which is critical in the aerospace industry [27]. Industry Context - The aerospace industry is characterized by high technology and significant government support, with policies encouraging its development [26]. - The company faces competition in the aerospace sector, particularly as more social capital enters the industry due to favorable government policies [21]. - The company’s products are subject to strict quality requirements, necessitating compliance with various certifications and audits to enter the aerospace market [28].

保荐人（主承销商） 湖南省长沙市岳麓区茶子山东路 112 号滨江金融中心 T2 栋（B 座）26 层 股票简称：航天环宇 证券代码：688523 湖南航天环宇通信科技股份有限公司 Hunan Aerospace Huanyu Communication Technology Co.,LTD. 长沙市岳麓区杏康南路 6 号 首次公开发行股票科创板上市公告书 联席主承销商 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二〇二三年六月一日 湖南航天环宇通信科技股份有限公司 上市公告书 特别提示 湖南航天环宇通信科技股份有限公司（以下简称"航天环宇""发行人""本公 司"或"公司"）股票将于 2023 年 6 月 2 日在上海证券交易所科创板上市。本公司提 醒投资者应充分了解股票市场风险及本公司披露的风险因素，在新股上市初期切忌盲目 跟风"炒新"，应当审慎决策、理性投资。 本上市公告书中所引用数据，如合计数与各分项数直接相加之和存在差异,或小数 点后尾数与原始数据存在差异，可能系由精确位数不同或四舍五入形成的。 1 湖南航天环宇通信科技股份有限公司 上市公告书 第一节 重要声明与提示 一、重要声明与提示 ...

保荐机构（主承销商） 湖南省长沙市岳麓区茶子山东路 112 号滨江金融中心 T2 栋（B 座）26 层 联席主承销商 投资风险。科创板公司具有研发投入大、经营风险高、业绩不稳定、退市风险高等 特点，投资者面临较大的市场风险。投资者应充分了解科创板市场的投资风险及本 公司所披露的风险因素，审慎作出投资决定。 湖南航天环宇通信科技股份有限公司 Hunan Aerospace Huanyu Communication Technology Co.,LTD. 长沙市岳麓区杏康南路 6 号 首次公开发行股票并在科创板上市 招股说明书 重要声明 中国证监会、上海证券交易所对本次发行所作的任何决定或意见，均不表明其对注 册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反的声明 均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发行人自 行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承担股票依法发 行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-1 湖南航天环 ...

科创板投资风险提示：本次股票发行后拟在科创板市场上市，该市场具有较高的 投资风险。科创板公司具有研发投入大、经营风险高、业绩不稳定、退市风险高等 特点，投资者面临较大的市场风险。投资者应充分了解科创板市场的投资风险及本 公司所披露的风险因素，审慎作出投资决定。 湖南航天环宇通信科技股份有限公司 Hunan Aerospace Huanyu Communication Technology Co.,LTD. 长沙市岳麓区杏康南路 6 号 首次公开发行股票并在科创板上市 招股意向书 保荐机构（主承销商） 湖南省长沙市岳麓区茶子山东路 112 号滨江金融中心 T2 栋（B 座）26 层 联席主承销商 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 湖南航天环宇通信科技股份有限公司 招股意向书 重要声明 中国证监会、上海证券交易所对本次发行所作的任何决定或意见，均不表明其对注 册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反的声明 均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的 ...

投资风险。科创板公司具有研发投入大、经营风险高、业绩不稳定、退市风险高等 特点，投资者面临较大的市场风险。投资者应充分了解科创板市场的投资风险及本 公司所披露的风险因素，审慎作出投资决定。 湖南航天环宇通信科技股份有限公司 Hunan Aerospace Huanyu Communication Technology Co.,LTD. 长沙市岳麓区杏康南路 6 号 首次公开发行股票并在科创板上市 招股说明书 （注册稿） 声明：本公司的发行上市申请尚需经上海证券交易所和中国证监会履行相应程 序。本招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当 以正式公告的招股说明书全文作为投资决定的依据。 保荐机构（主承销商） 湖南省长沙市岳麓区茶子山东路 112 号滨江金融中心 T2 栋（B 座）26 层 科创板投资风险提示：本次股票发行后拟在科创板市场上市，该市场具有较高的 湖南航天环宇通信科技股份有限公司 招股说明书（注册稿） 重要声明 中国证监会、上海证券交易所对本次发行所作的任何决定或意见，均不表明其对注 册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投 ...

投资风险。科创板公司具有研发投入大、经营风险高、业绩不稳定、退市风险高等 特点，投资者面临较大的市场风险。投资者应充分了解科创板市场的投资风险及本 公司所披露的风险因素，审慎作出投资决定。 湖南航天环宇通信科技股份有限公司 Hunan Aerospace Huanyu Communication Technology Co.,LTD. 长沙市岳麓区杏康南路 6 号 首次公开发行股票并在科创板上市 招股说明书 （注册稿） 声明：本公司的发行上市申请尚需经上海证券交易所和中国证监会履行相应程 序。本招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当 以正式公告的招股说明书全文作为投资决定的依据。 保荐机构（主承销商） 湖南省长沙市岳麓区茶子山东路 112 号滨江金融中心 T2 栋（B 座）26 层 科创板投资风险提示：本次股票发行后拟在科创板市场上市，该市场具有较高的 湖南航天环宇通信科技股份有限公司 招股说明书（注册稿） 重要声明 中国证监会、上海证券交易所对本次发行所作的任何决定或意见，均不表明其对注 册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投 ...