证券代码：600765 证券简称：中航重机 公告编号：2025-075 中航重机股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025 年 12 月 03 日 （星期三） 09:00-10:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 26 日 （星期三） 至 12 月 02 日 （星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 zhzjgk@163.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 三、参加人员 党委书记、董事长：冉兴 副总经理、董事会秘书：王志宏 董事、总会计师：石永勇 中航重机股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日发布公 司 2025 年第 ...

Core Viewpoint - The company showcased its capabilities in industry chain integration, technological innovation, and market expansion during a recent investor event, emphasizing its long-term value to the capital market [2]. Group 1: Company Strategy and Development - The company plans to focus on aviation and deepen its "three new patterns" while consolidating its "four major projects" during the 14th Five-Year Plan period [2]. - It aims to promote the integrated capability of "design-research-manufacturing" and build a new industrial system that includes cost control, forward design, and testing validation [2]. - The company is expanding its industrial capabilities from raw materials to components and extending its reach from aviation to national defense, with plans to replicate its model in global markets [2]. Group 2: Commercial Aerospace and Civil Aviation - The company has established a stable supply chain system in the commercial aerospace sector, providing key structural components for various commercial rockets [3]. - It is fully integrated into the domestic large aircraft and international mainframe subcontracting systems, collaborating with major international companies like Boeing and Airbus [3]. - The company is accelerating the construction of projects like the Guiyang Aviation Industrial Park to create a full lifecycle service system covering design, manufacturing, delivery, and maintenance [3]. Group 3: Gas Turbine and High-End Thermal Management - The company has made significant progress in the gas turbine business, forming stable supply partnerships with international clients such as GE and Siemens Energy, with overseas revenue exceeding 100 million yuan by Q3 2025 [3]. - It is enhancing product development and delivery capabilities to increase its share in the global supply chain amid rising domestic replacement demand [3]. - The company has successfully entered the microchannel liquid cooling heat exchanger market, leveraging its precision manufacturing and fluid control technology [4]. - Products have been validated in various high-end equipment sectors, and the company is pursuing technical collaborations with leading data center and new energy vehicle companies [4]. Group 4: Communication with Capital Markets - The recent investor event strengthened the professional communication mechanism between the company and the capital market, showcasing its multi-business collaboration under the "general aviation basic structure" strategy [4]. - The company emphasizes the importance of technological innovation and seeks opportunities amid market challenges to achieve sustainable development through enhanced core competitiveness [4].

Core Viewpoint - The article provides a comprehensive overview of the hydraulic industry in China, detailing its supply chain, key players, and regional distribution of companies [1][3]. Industry Supply Chain - The upstream of the hydraulic industry consists of three main categories: steel, components, and working media, with steel supplied by major domestic steel enterprises such as Baosteel, Ansteel, and Hebei Steel [3]. - The midstream includes manufacturing companies like Hengli Hydraulic, Shaoyang Hydraulic, and Aidi Precision, which produce hydraulic motors, pumps, valves, cylinders, and systems [1][3]. - The downstream applications span various large engineering sectors, including construction machinery, aerospace, machine tools, agricultural machinery, automotive, and heavy machinery [1]. Regional Distribution - The hydraulic industry is primarily concentrated in Zhejiang and Jiangsu provinces, with Zhejiang having 5,747 hydraulic enterprises and Jiangsu having 3,999 as of October 2025 [5]. - Notable hydraulic companies in Zhejiang include Hengli Hydraulic and Youweili Hydraulic, while Jiangsu features companies like Aidi Precision and Shaoyang Hydraulic [7]. Representative Companies and Financial Performance - Key companies in the hydraulic sector include Hengli Hydraulic, Shaoyang Hydraulic, and Aidi Precision, with their hydraulic-related revenue exceeding 80% of total revenue [8]. - Financial data for representative companies shows Hengli Hydraulic with a hydraulic business revenue of 9.325 billion and a hydraulic-related business ratio of 99.31% [10]. - Aidi Precision reported a hydraulic business revenue of 2.266 billion, with a hydraulic-related business ratio of 83.15% [10].

Core Viewpoint - 中航重机's stock price has experienced a decline of 19.40% year-to-date, with a recent increase of 2.18% on November 24, 2023, indicating potential volatility in the market [2][1]. Financial Performance - For the period from January to September 2025, 中航重机 reported a revenue of 7.776 billion yuan, reflecting a year-on-year growth of 3.35%. However, the net profit attributable to shareholders decreased by 39.21% to 616 million yuan [2]. - The company has cumulatively distributed dividends of 1.462 billion yuan since its A-share listing, with 833 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 24, 2023, 中航重机's stock was trading at 16.40 yuan per share, with a total market capitalization of 25.642 billion yuan. The trading volume reached 113 million yuan, with a turnover rate of 0.45% [1]. - The net inflow of main funds was 1.5611 million yuan, with significant buying and selling activities recorded [1]. Shareholder Structure - As of September 30, 2025, 中航重机 had 98,200 shareholders, a decrease of 6.02% from the previous period. The average number of circulating shares per shareholder increased by 12.33% to 15,816 shares [2]. - Notable institutional holdings include 富国中证军工龙头ETF and 国投瑞银国家安全混合A, which have increased their stakes in the company [3].

Group 1: Company Insights - Aerospace Technology reported Q3 revenue of 603 million, a year-on-year increase of 46.60%, and net profit growth of 26.45%, driven by increased orders for aircraft engines and gas turbines [1] - The company has a backlog of orders amounting to 5.968 billion, primarily from international clients, and has signed long-term agreements to expand its global market presence [1] - Aerospace Technology has received the GE Aviation 2025 Innovation Award for its NISP technology and is experiencing strong demand in the gas turbine market, with rising equipment prices [1] Group 2: Industry Developments - AVIC Heavy Machinery is actively expanding into high-growth sectors such as commercial aerospace, civil aviation, and gas turbines, leveraging its expertise in forging, casting, and hydraulic systems [2] - The company has established stable supply relationships with key players in the commercial aerospace sector and is integrating into the domestic large aircraft supply chain [2] - AVIC Heavy Machinery's gas turbine business is projected to exceed 100 million in revenue by Q3 2025, with clients including GE and Siemens Energy [2] Group 3: Infrastructure and Robotics - Hongrun Construction is focusing on urban infrastructure in the Yangtze River Delta, with an increase in new business volume in Q3 [3] - The company has formed a joint venture to develop humanoid robots and aims to achieve commercialization by 2026, with a target team size of 60-100 [3] - The company is also investing in technology for quadruped robots and plans to expand production capabilities in response to demand [3] Group 4: Smart Driving Technology - Desay SV Automotive is responding to stricter smart driving regulations by enhancing performance and safety features in its products [4] - The company has secured new project orders from major international automotive manufacturers and is expanding its production facilities in Germany and Spain [4] - Desay SV has launched a robot smart base ICube, designed for durability and reliability in robotic applications [4]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (一)股东会召开的时间：2025年11月17日 (二)股东会召开的地点：贵州省贵阳市双龙航空港经济区小碧布依族苗族乡木头村机场路16号 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： ■ (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 参加会议的股东及股东代表（包括网络和非网络方式）共计767人，代表股份453,660,557股，占公司有 表决权股份总数的比例为29.0148%，均有表决权。其中：以网络方式参加会议有表决票的股东766人， 代表股份23,154,493股，占公司有表决权股份总数的比例为1.4809%。公司董事长冉兴先生主持本次会 议，部分董事、高级管理人员及公司聘请的律师出席了本次会议。本次会议的召集、召开符合《公司 法》及《公司章程》的有关规定，合法有效。 1、公司在任董事9人，出席3人，董事张育松、褚林塘、徐洁、独立董事王立平、王雄元、曹斌因 ...

Core Viewpoint - 中航重机's stock price has experienced a decline of 19.60% year-to-date, with a recent drop of 2.04% on November 18, 2023, indicating potential concerns regarding its financial performance and market sentiment [1]. Financial Performance - For the period from January to September 2025, 中航重机 reported a revenue of 7.776 billion yuan, reflecting a year-on-year growth of 3.35%. However, the net profit attributable to shareholders decreased by 39.21% to 616 million yuan [2]. - Cumulative cash dividends since the A-share listing amount to 1.462 billion yuan, with 833 million yuan distributed over the past three years [3]. Shareholder and Market Activity - As of September 30, 2025, 中航重机 had 98,200 shareholders, a decrease of 6.02% from the previous period. The average number of circulating shares per shareholder increased by 12.33% to 15,816 shares [2]. - The stock's trading activity on November 18, 2023, showed a net outflow of 29.27 million yuan in principal funds, with significant selling pressure observed [1]. Business Segmentation - 中航重机's main business segments include forging (83.02% of revenue), hydraulic integration (17.08%), and other activities (0.59%) [1].

Meeting Overview - The fifth extraordinary general meeting of shareholders was held on November 17, 2025, at the airport road in Guizhou Province [2] - A total of 767 participants attended the meeting, representing 453,660,557 shares, which is 29.0148% of the total voting shares [2] - The meeting was presided over by the chairman, Mr. Ran Xing, and was attended by some directors, senior management, and a lawyer [2][3] Attendance and Voting - Out of 9 current directors, 3 attended the meeting, while others were absent due to work commitments [3] - The company secretary and other key management personnel were present at the meeting [3] Resolutions Passed - Two main resolutions were discussed and passed: 1. The appointment of the auditing firm for the year 2025 was approved [4] 2. The revision of the company's articles of association was also approved [4] - The first resolution required a simple majority for approval, while the second required a two-thirds majority [5] Legal Compliance - The meeting was witnessed by Beijing Jiayuan Law Firm, and the lawyers confirmed that the procedures and voting were in compliance with relevant laws and regulations [5]

北京市嘉源律师事务所 关于中航重机股份有限公司 2025年第五次临时股东会的 法律意见书 量务所 LAW OFFICES 西城区复兴门内大街158号远洋大厦4楼 中国 · 北京 t 霍师雪努所 A YUAN LAW OFFICES 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致:中航重机股份有限公司 北京市嘉源律师事务所 关于中航重机股份有限公司 北京市嘉源律师事务所(以下简称"本所")接受中航重机股份有限公司（以 下简称"公司")的委托,根据《中华人民共和国公司法》(以下简称"《公司法》"） 《上市公司股东会规则》（以下简称"《股东会规则》"）等现行有效的法律、行 政法规、部门规章、规范性文件（以下简称"法律法规"）以及《中航重机股份有 限公司章程》(以下简称"《公司章程》")的有关规定,指派本所律师对公司2025 年第五次临时股东会（以下简称"本次股东会"）进行见证,并依法出具本法律意 见书。 为出具本法律意见书,本所指派律师现场见证了本次股东会,查阅了公司提 供的与本次股东会有关的文件和资料,并进行了必要的审 ...

证券代码：600765 证券简称：中航重机 公告编号：2025-074 中航重机股份有限公司 2025年第五次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 767 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 453,660,557 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 29.0148 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况 等。 (一) 股东会召开的时间：2025 年 11 月 17 日 (二) 股东会召开的地点：贵州省贵阳市双龙航空港经济区小碧布依族苗族乡 木头村机场路 16 号 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 参加会议的股东及股东代表（包括网络和非网络方式）共计 767 人，代表股 份 453,660,557 股，占公司有表决权股份总数的比例为 29.0148 ...