Group 1 - Anji Precision Casting, a subsidiary of AVIC Heavy Machinery, has successfully passed the QSL registration audit by COMAC, establishing a solid foundation for formal registration by the end of the year [1] - The audit confirmed Anji Precision Casting's technical strength and highlighted AVIC Heavy Machinery's advantages in integrating the industrial chain within the aerospace forging and casting sector [1] - The approval allows Anji Precision Casting to enter the domestic large aircraft supply chain, marking a significant milestone in its production of precision castings made from titanium, aluminum, and high-temperature alloys [1] Group 2 - AVIC Heavy Machinery, as the largest shareholder of Anji Precision Casting, focuses on the forging and casting main business and is a leading enterprise in China's aerospace forging and casting field [2] - The registration of Anji Precision Casting is expected to provide stable growth in civil aviation business for AVIC Heavy Machinery, enhancing its integration into the domestic large aircraft industry chain [2] - The Chinese aerospace forging market is steadily growing, with civil aviation becoming a core area of structural growth, which will further strengthen AVIC Heavy Machinery's key position in the domestic aviation supply chain [2]

Core Viewpoint - The Chengfei concept stock increased by 1.59%, ranking 8th among concept sectors, with 28 stocks rising and notable gains from Beimo Gaoke, Guanglian Aviation, and Zhonghang Heavy Industry [1][5]. Market Performance - The Chengfei concept sector saw a net inflow of 348 million yuan, with 22 stocks receiving net inflows, and 6 stocks exceeding 50 million yuan in net inflow [2][6]. - The top net inflow stock was Zhonghang Heavy Industry, with a net inflow of 423 million yuan, followed by Huali Chuangtong and Beimo Gaoke [2][6]. Stock Performance - Notable gainers included Beimo Gaoke (10.01%), Guanglian Aviation (8.50%), and Zhonghang Heavy Industry (6.68%) [3][8]. - The stocks with the highest net inflow ratios were Beimo Gaoke (21.95%), *ST Zhisheng (17.45%), and Zhonghang Heavy Industry (16.56%) [3][7]. Decliners - The stocks with the largest declines included Shenling Environment (-3.96%), Aerospace Morning Light (-3.48%), and Guolan Testing (-2.31%) [1][5].

Market Overview - The Shanghai Composite Index rose by 0.16% on December 18, with 12 sectors experiencing gains, led by the banking and coal industries, which increased by 1.97% and 1.89% respectively. The defense and military industry also saw a rise of 0.90%. Conversely, the power equipment and communication sectors faced declines of 2.22% and 1.58% respectively [1] Capital Flow Analysis - The main capital flow showed a net outflow of 32.578 billion yuan across the two markets, with 8 sectors experiencing net inflows. The defense and military sector led with a net inflow of 2.29 billion yuan, followed by the banking sector with a net inflow of 927 million yuan. In contrast, 23 sectors saw net outflows, with the electronics sector leading at 11.042 billion yuan, followed by the power equipment sector at 7.347 billion yuan [1] Defense and Military Sector Performance - The defense and military sector experienced a 0.90% increase, with a total net inflow of 2.29 billion yuan. Out of 138 stocks in this sector, 102 stocks rose, including 5 that hit the daily limit, while 36 stocks fell, with 1 hitting the lower limit. Notably, 78 stocks had net inflows, with 10 stocks exceeding 100 million yuan in net inflow, led by China Satellite with 792 million yuan [2] Top Gainers in Defense and Military Sector - The top gainers in the defense and military sector included: - China Satellite (6.61% increase, 12.49% turnover, 791.76 million yuan inflow) - AVIC Heavy Machinery (6.68% increase, 9.21% turnover, 423.20 million yuan inflow) - West Measurement Testing (12.35% increase, 29.68% turnover, 228.01 million yuan inflow) [2] Top Losers in Defense and Military Sector - The top losers in the defense and military sector included: - Aerospace Electronics (1.65% increase, 18.39% turnover, -378.97 million yuan outflow) - Jingjia Micro (3.86% decrease, 4.46% turnover, -235.30 million yuan outflow) - Guangqi Technology (1.31% decrease, 1.29% turnover, -150.62 million yuan outflow) [3]

Core Viewpoint - The A-share market shows positive momentum with the Shanghai Composite Index closing above the annual line, indicating a slight increase of 0.17% and a total trading volume of 1.352 trillion yuan [1] Group 1: Market Performance - As of 14:00 today, the Shanghai Composite Index is at 3876.74 points, above the annual line [1] - A total of 143 A-shares have surpassed the annual line, with notable stocks showing significant deviation rates [1] Group 2: Notable Stocks - Yimin Group (600824) has a deviation rate of 9.76%, with a daily increase of 10.11% and a turnover rate of 10.46% [2] - AVIC Heavy Machinery (600765) shows a deviation rate of 7.06%, with a daily increase of 8.23% and a turnover rate of 7.59% [2] - Wanrun Technology (002654) has a deviation rate of 6.87%, with a daily increase of 7.80% and a turnover rate of 10.52% [2] - Other stocks with notable performance include Laiyifen (603777) with a deviation rate of 5.56% and a daily increase of 10.01% [2] - Hezhong Electric (603063) has a deviation rate of 5.36% and a daily increase of 6.07% [2]

（文章来源：每日经济新闻） 每经AI快讯，12月18日，军工股午后崛起，中航重机直线涨停，星网宇达、中航高科、航发控制等大 涨。 ...

天弘国证航天航空行业ETF（159241）成立日期2025年5月21日，最新规模4.96亿。成立以来收益 22.31%。 天弘国证航天航空行业ETF（159241）基金经理为沙川、祁世超。 截至发稿，沙川累计任职时间7年337天，现任基金资产总规模278.53亿元，任职期间最佳基金回报 139.77%， 任职期间最差基金回报-69.41%。 祁世超累计任职时间331天，现任基金资产总规模325.3亿元，任职期间最佳基金回报42.6%， 任职期间 最差基金回报-1.82%。 12月18日，中航重机涨5.07%，截至发稿，报17.62元/股，成交7.03亿元，换手率2.65%，总市值275.50 亿元。 资料显示，中航重机股份有限公司位于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，成立日期1996年11月14日，上市日期1996年11月6日，公司主营业务涉及锻铸、高端液压集成和 新能源。主营业务收入构成为：锻铸分部83.02%，液压环控分部17.08%，其他0.59%。 从基金十大重仓股角度 数据显示，天弘基金旗下1只基金重仓中航重机。天弘国证航天航空行业ETF（159241）三季度持有股 ...

Group 1 - Military stocks surged in the afternoon, with AVIC Heavy Machinery hitting the daily limit up [1] - Companies such as StarNet and AVIC High-Tech, as well as Aero Engine Control, experienced significant gains [1]

Core Viewpoint - The stock price of AVIC Heavy Machinery has shown fluctuations, with a recent increase of 2.44% on December 18, 2023, despite a year-to-date decline of 15.57% [1][2]. Financial Performance - For the period from January to September 2025, AVIC Heavy Machinery reported a revenue of 7.776 billion yuan, representing 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]. Stock Market Activity - As of December 18, 2023, the stock was trading at 17.18 yuan per share, with a total market capitalization of 26.862 billion yuan. The trading volume reached 277 million yuan, with a turnover rate of 1.06% [1]. - The stock has experienced a 4.31% increase over the last five trading days and a 7.78% increase over the last 60 days [2]. Shareholder Structure - As of September 30, 2025, the number of shareholders decreased by 6.02% to 98,200, while the average number of circulating shares per person increased by 12.33% to 15,816 shares [2]. - Notable institutional holdings include the Fortune CSI Military Industry Leader ETF, which increased its holdings by 3.2217 million shares, and the Guotai Junan National Security Mixed Fund, which increased its holdings by 3.4172 million shares [3].

（文章来源：证券日报） 证券日报网讯 12月15日晚间，中航重机公告称，公司第七届董事会第二十四次临时会议审议通过《关 于对中航天地激光科技有限公司进行增资的议案》等多项议案。 ...

Mergers and Acquisitions - Company Baina Qiancheng plans to acquire 100% equity of Xiamen Zhonglian Century Co., Ltd. through a combination of share issuance and cash payment, with a transaction plan to be disclosed within 10 trading days [1] - TCL Technology intends to purchase 10.7656% equity of Shenzhen Huaxing Semiconductor for 6.045 billion yuan, increasing its total control from 84.2105% to 94.9761%, which is expected to enhance the company's profitability [2] - Zhongtai Chemical plans to acquire 15.173% equity of Huatai Company for 1.2 billion yuan, with funding sourced from its own or raised capital, and this acquisition will not change the scope of the company's consolidated financial statements [3] - Jiadu Technology's wholly-owned subsidiary intends to acquire 60% equity of Hisense Micro-Link for 79.2 million yuan, focusing on rail transit signal business [4] Shareholding Changes - AVIC Heavy Machinery announces that some directors and senior management plan to increase their shareholdings by a total amount between 4.3 million to 8.6 million yuan [5] - Baida Group reports that shareholder Xizi United has terminated its share reduction plan, having reduced 1.3994 million shares, changing its holding from 15.37% to 15.00% [6] - Demei Chemical states that shareholder Changlianrong Investment plans to reduce its holdings by no more than 3% of the total shares, equating to a maximum of 14.4635 million shares [7] Risk Matters - Zhuojin Co., Ltd. announces that its controlling shareholder and actual controller, along with a director, received a "Decision on Bail Pending Trial" from the Hangzhou Public Security Bureau, related to previous administrative penalties [8]