证券代码：688552 证券简称：航天南湖 公告编号：2026-006 航天南湖电子信息技术股份有限公司 关于核心技术人员离任的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 航天南湖电子信息技术股份有限公司（以下简称"公司"）因核心技术 人员王新红先生退休离任，不再认定其为公司核心技术人员。 公司与王新红先生签署了《竞业限制及保密协议》，不存在涉及职务成 果、知识产权纠纷或潜在纠纷的情形，其离任不影响公司知识产权权属的完整性。 截至本公告披露日，王新红先生负责的工作已妥善交接，其离任不会影 响公司现有核心技术及研发项目的工作开展，不会对公司的核心竞争力和持续经 营能力产生实质性影响。 一、核心技术人员离任的情况 因核心技术人员王新红先生退休离任，公司不再认定其为公司核心技术人员。 王新红先生在任职期间爱岗敬业、恪尽职守、勤勉尽责，公司及董事会对王新红 先生为公司科技创新和经营发展所做出的努力和贡献表示衷心感谢。 三、公司采取的措施 （一）核心技术人员的具体情况 王新红先生，1965 年生，中国国籍， ...

Core Viewpoint - The departure of key technical personnel Wang Xinhong due to retirement will not impact the company's core competitiveness and ongoing operations, as the company does not rely on a single key technical individual [1] Group 1: Personnel Changes - Wang Xinhong, born in 1965, has retired and is no longer recognized as a key technical personnel [1] - He held 782,400 shares of the company at the time of the announcement [1] - The company has confirmed that the technical research responsibilities he managed have been handed over, and there are no intellectual property disputes regarding the patents he applied for [1] Group 2: Company Structure and Competitiveness - The company has a total of 336 research personnel, which constitutes 42.26% of its workforce [1] - The company has established a confidentiality agreement with Wang Xinhong, and no breach of this agreement has been found [1] - The company emphasizes that it does not depend on a single core technical personnel, ensuring stability in its core competitiveness and sustainable operations [1]

Core Viewpoint - Aerospace Nanhu announced that its chief expert, Wang Xinhong, has retired and will no longer be recognized as a core technical personnel of the company [1] Company Summary - The retirement of Wang Xinhong marks a significant change in the company's technical leadership [1]

Investment Rating - The report maintains a "Buy" rating for the aerospace and military industry, with specific recommendations for several companies [8][42]. Core Viewpoints - The report emphasizes the increasing uncertainty in international security, highlighting opportunities in military trade as countries ramp up defense spending. For instance, the U.S. has approved military sales worth $6.67 billion to Israel and $9 billion to Saudi Arabia, indicating a vibrant military trade market [11][12]. - The report suggests that China's military equipment demand is expected to grow, particularly in new domains and advanced weaponry, aligning with the "14th Five-Year Plan" [13][17]. - The military trade market is anticipated to remain active, with China positioned as a key supplier capable of providing comprehensive solutions [11][12]. Summary by Sections Industry Investment Rating - The aerospace and military industry is rated as "Buy" with a focus on specific companies such as AVIC Shenyang Aircraft Corporation, Guorui Technology, and others [8][42]. Key Companies - Recommended companies include: - AVIC Shenyang Aircraft Corporation (600760 CH) - Guorui Technology (600562 CH) - Western Superconducting Technologies (688122 CH) - Guotai Group (603977 CH) - Ruichuang Micro-Nano (688002 CH) - Steel Research and Testing (300797 CH) - Northern Navigation (600435 CH) - Gaode Infrared (002414 CH) - Aerospace Rainbow (002389 CH) - Aerospace Intelligent Manufacturing (300446 CH) [3][42]. Market Trends - The report notes a structural shift in military equipment demand, with a focus on new technologies such as unmanned systems and advanced weaponry. The "14th Five-Year Plan" is expected to drive significant growth in these areas [13][15][16]. - The military trade market is projected to grow, with China's market share expected to increase from 5.87% to a more competitive position as global military spending rises [17][18]. Performance Metrics - As of February 6, 2026, the Shenyuan Defense and Military Index has a PE (TTM) of 95.29, indicating a high valuation relative to historical levels [39][40].

航天南湖电子信息技术股份有限公司 2026 年第一次临时股东会会议资料 证券代码：688552 证券简称：航天南湖 航天南湖电子信息技术股份有限公司 2026 年第一次临时股东会 会议资料 二〇二六年二月 第 1 页 共 12 页 航天南湖电子信息技术股份有限公司 2026 年第一次临时股东会会议资料 目录 二、为保证股东会的正常秩序，除出席会议的股东或者股东代理人、董事、董 事会秘书、其他高级管理人员、见证律师、本次会议议程有关人员及会务工作人员 以外，公司有权拒绝其他人员进入会场。对于影响股东会秩序和损害其他股东合法 权益的行为，公司将按规定加以制止。 三、股东参加股东会，依法享有公司章程规定的各项权利，并认真履行法定义 务，不得侵犯其他股东的合法权益，不得扰乱会议的正常秩序。 四、股东要求在股东会上发言，应取得会议主持人的同意，发言主题应与本次 会议表决事项相关。 | 航天南湖电子信息技术股份有限公司 2026 年第一次临时股东会会议须知 | | 3 | | --- | --- | --- | | 航天南湖电子信息技术股份有限公司 | 2026 年第一次临时股东会会议议程 | 4 | | 议案一：关于 ...

Core Viewpoint - The overall performance of central enterprises listed on A-shares is showing a multi-dimensional improvement for the year 2025, with over 110 companies expected to report positive earnings, including 23 companies turning losses into profits, 46 companies experiencing profit growth, and 41 companies significantly reducing their losses [1] Group 1: Companies Turning Losses into Profits - 23 central enterprises, including South Grid Energy, China Ordnance, and China Chengxin, are expected to turn losses into profits in 2025, indicating a significant improvement in operational conditions [2] - South Grid Energy is focusing on energy-saving services and biomass sectors, projecting a net profit of 300 million to 360 million yuan for 2025 [2] - Military enterprises like China Aerospace South Lake and China Ordnance are also expected to report profits due to increased delivery of special equipment and defense products [2] Group 2: Companies with Significant Profit Growth - A group of central enterprises, such as Salt Lake Co., Longxin Bochuang, and China Shipbuilding Defense, are expected to see substantial profit growth in 2025, with some companies projecting profit increases of over 300% [4] - China Shipbuilding Defense is benefiting from a booming global shipbuilding market, with a projected profit growth of 149.61% to 196.88% for 2025 [4] - Longxin Bochuang is experiencing revenue growth due to demand from cloud computing and artificial intelligence, with expected profit growth exceeding 300% [4] Group 3: Companies Reducing Losses - 41 central enterprises, including China First Heavy Industries and China Great Wall, are expected to significantly reduce their losses in 2025, indicating positive signals during their transformation periods [6] - China First Heavy Industries is expected to reduce losses by 3.276 billion to 3.426 billion yuan through structural reforms and asset optimization [6] - In the steel industry, companies like Maanshan Steel and Chongqing Iron and Steel are also expected to reduce losses amid ongoing market challenges [6] Group 4: Cost Control and Operational Efficiency - Many central enterprises are implementing refined measures such as cost control and investment optimization to improve their financial performance [3] - Companies like China Chengxin and Blue Science High-tech emphasize the importance of cost control and efficiency improvements in their earnings announcements [3] - In the chemical sector, China National Chemical is enhancing operational capabilities and controlling costs to mitigate revenue pressures while achieving significant loss reductions [7]

Investment Rating - The report maintains an "Overweight" rating for the aerospace and defense sector [8] Core Insights - The aerospace and defense industry is expected to experience significant recovery and growth in 2025, with 30 out of 75 listed companies forecasting positive earnings growth compared to the previous year [11][12] - The report highlights structural opportunities in military equipment demand during the "14th Five-Year Plan" period, focusing on new domains, unmanned systems, advanced weaponry, and low-cost equipment [14][16] Summary by Sections Industry Performance - As of January 31, 2025, 75 out of 120 listed companies in the defense sector have disclosed earnings forecasts, with 30 companies expecting positive growth, 7 expecting positive but declining growth, 17 expecting losses but reduced compared to the previous year, and 21 expecting increased losses [11][12] Key Companies to Watch - Recommended companies include: - AVIC Shenyang Aircraft Corporation (600760 CH) - Guorui Technology (600562 CH) - Steel Research (300797 CH) - Guotai Group (603977 CH) - West Superconductor (688122 CH) - Ruichuang Micro-Nano (688002 CH) - Beifang Navigation (600435 CH) - Gaode Infrared (002414 CH) - Aerospace Intelligence (300446 CH) - Aerospace Rainbow (002389 CH) [3][8][9] Earnings Forecasts - Notable companies with significant earnings growth forecasts include: - Beimo High-Tech: 1169% growth due to product delivery and cost reduction [12] - Hailanxin: 509% growth from increased self-produced products [12] - *ST Chengchang: 452% growth driven by industry recovery [12] - Zhimin Da: 414% growth from increased demand in previously established product lines [12] - Aileda: 351% growth from increased military and civilian product demand [12] Long-term Outlook - The report emphasizes the importance of new equipment construction cycles and suggests focusing on new products and markets during the "14th Five-Year Plan" [14][16] - The military trade market is expected to grow, with China aiming to increase its market share in global military trade [17] Market Trends - The report notes a decline in the defense sector index by 7.69% over the past week, underperforming the broader market [28] - The current PE (TTM) for the defense sector is 95.23, indicating a high valuation compared to historical levels [36] Investment Opportunities - The report suggests that companies involved in unmanned systems, low-cost munitions, and military AI are likely to see significant growth opportunities [16][18] - The commercial aerospace sector is also highlighted as a growing area, with advancements in satellite internet and low-altitude economy [18][25]

Group 1 - The core point of the article is that Aerospace Nanhu has disclosed its shareholder count as of January 20, 2026, which stands at 13,389 households [1]

Group 1 - The core point of the announcement is that the company plans to conduct daily related transactions for the year 2026, which are deemed necessary for its business development and operations, with fair pricing that does not harm the interests of shareholders, especially minority shareholders [1][2][3] - The estimated amount for related sales contracts in 2026 is CNY 556.25 million, while the estimated amount for related procurement contracts is CNY 101.34 million [1][4][5] - The board of directors and independent directors have reviewed and approved the related transactions, ensuring that related directors abstained from voting, and the matter will be submitted to the shareholders' meeting for approval [2][3][18] Group 2 - The company intends to sign a supplementary financial service agreement with Aerospace Science and Industry Financial Co., Ltd., adjusting the maximum daily deposit balance from CNY 1 billion to CNY 2 billion [22][25] - The expected financial transactions with the financial company for 2026 include deposits and loans, with the estimated maximum deposit balance being CNY 200 million [26] - The financial company is controlled by the actual controller of the company, and the transactions are classified as related transactions but do not constitute a major asset reorganization [23][26] Group 3 - The company has established a fair pricing policy for its financial services, ensuring that deposit and loan rates are not lower than the benchmark rates set by the People's Bank of China and are consistent with rates offered by state-owned commercial banks [33] - The purpose of the financial service agreement is to optimize the company's financial management and improve fund settlement efficiency, which will not adversely affect the company's independence or the interests of shareholders [34]

证券代码：688552 证券简称：航天南湖 公告编号：2026-004 航天南湖电子信息技术股份有限公司 关于与航天科工财务有限责任公司签署《金融服务协 议之补充协议》及预计 2026 年度与财务公司存贷款 等金融业务暨关联交易的公告 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。 未发生贷款等授信业务，公司在财务公司各项金融业务金额均未超出《金融服务 协议》约定的上限。 根据公司实际经营需要，经双方协商，公司拟与财务公司签署《金融服务协 议之补充协议》，对《金融服务协议》中部分条款进行调整，将每日最高存款结 余上限由 10 亿元调整至 20 亿元，调增 10 亿元。 鉴于财务公司为公司的实际控制人中国航天科工集团有限公司（以下简称 "航天科工集团"）控制的公司，与公司存在关联关系，根据《上海证券交易所 科创板股票上市规则》的规定，上述事项构成了关联交易。本次关联交易不构成 重大资产重组。 （二）预计 2026 年度与财务公司存贷款等金融业务的关联交易 重要内容提示： 交易内容：根据公司实际经营需要，航天南湖电子信息技术股份有 ...