Core Viewpoint - The automotive parts sector experienced a slight decline of 0.06% on January 14, with Yueling Co. leading the losses, while the Shanghai Composite Index fell by 0.31% and the Shenzhen Component Index rose by 0.56% [1] Group 1: Market Performance - The automotive parts sector saw a mixed performance among individual stocks, with notable gainers including Aikelan, which rose by 16.04%, and Shanzigaoke, which increased by 10.10% [1] - The sector's overall trading volume was significant, with Aikelan achieving a transaction value of 1.481 billion yuan and Shanzigaoke reaching 12.848 billion yuan [1] Group 2: Capital Flow - The automotive parts sector experienced a net outflow of 2.37 billion yuan from institutional investors, while retail investors saw a net inflow of 2.601 billion yuan [2] - The capital flow data indicates that Shanzigaoke had a substantial net inflow of 2.089 billion yuan from institutional investors, despite a net outflow of 1.118 billion yuan from speculative funds [3]

Core Viewpoint - The General Aviation ETF Huaxia (159230) has shown significant performance with a net inflow of 561 million yuan over the past 11 days, reaching a new high in total scale and net value, indicating strong investor interest in the general aviation sector [1][2]. Group 1: ETF Performance - As of January 13, 2026, the General Aviation ETF Huaxia has achieved a net value increase of 35.11% over the past six months [1]. - The ETF recorded a maximum monthly return of 16.05% since its inception, with the longest consecutive monthly gains being four months and a maximum cumulative increase of 22.84% [1]. - The average return during the months of increase is 8.78%, with a weekly profit percentage of 69.70% and a monthly profit probability of 64.75% [1]. Group 2: Market Activity - The General Aviation ETF Huaxia had a turnover rate of 17.56% during the trading session, with a transaction volume of 115 million yuan, indicating active market participation [1]. - The ETF's latest scale reached 447 million units, with a total value of 647 million yuan, both marking new highs since its establishment [1]. Group 3: Index Composition - The General Aviation ETF closely tracks the Guozheng General Aviation Industry Index, with the top ten weighted stocks accounting for 33.92% of the index [2]. - The top ten stocks in the index include Wan Feng Ao Wei, Aerospace Rainbow, and Zhongzhi Shares, among others, reflecting a diverse representation within the general aviation sector [2][3].

（文章来源：证券日报） 证券日报网讯 1月8日，万丰奥威发布公告称，公司2026年第一次临时股东会审议通过《关于2026年度 日常关联交易预计的议案》。 ...

股票代码：002085 股票简称：万丰奥威 公告编号：2026-001 2、本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 1、会议通知情况 公司董事会于2025年12月23日在《证券时报》及巨潮资讯网（www.cninfo.com.cn） 上披露了召开本次股东会的会议通知和审议事项。 浙江万丰奥威汽轮股份有限公司 2026 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 重要提示： 1、本次股东会无否决提案的情形； 2、会议召开时间： 现场会议召开时间：2026年1月8日下午14:30 网络投票时间： （1）通过深圳证券交易所交易系统投票时间为：2026年1月8日上午9:15-9:25、 9:30-11:30、下午13:00-15:00。 （2）通过互联网投票系统投票的具体时间为：2026年1月8日上午9:15至下午15:00。 3、现场会议召开地点：浙江省新昌县万丰科技园 4、会议召集人：公司董事会 5、会议方式：本次股东会采取现场投票与网络投票相结合的方式 3、网络投票情况 通过网络投票参加本次股东会的股东 2 ...

万丰奥威 2026 年第一次临时股东会法律意见书 国浩律师（杭州）事务所 国浩律师（杭州）事务所 关于浙江万丰奥威汽轮股份有限公司 2026 年第一次临时股东会之 法 律 意 见 书 致：浙江万丰奥威汽轮股份有限公司（"贵公司"） 国浩律师（杭州）事务所（以下简称"本所"）接受贵公司的委托，指派本 所律师出席贵公司于 2026 年 1 月 8 日在浙江省新昌县万丰科技园召开的 2026 年第一次临时股东会（以下简称"本次股东会"），并依据《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》"）等法律、行政法规、规范性文件及《浙江万丰奥威汽轮股份有限 公司章程》（以下简称"《公司章程》"）的规定，出具本法律意见书。 为出具本法律意见书，本所律师对贵公司本次股东会所涉及的有关事项进行 了审查，查阅了本所律师认为出具本法律意见书所必须查阅的文件，并对有关问 题进行了必要的核查和验证。 贵公司已向本所承诺：贵公司向本所律师所提供的文件和所作陈述及说明是 完整的、真实的和有效的，有关原件及其上面的签字和印章是真实的，且一切足 以影响本法律意见书的事实和文件均已向本所披 ...

Investment Rating - The report rates the low-altitude economy industry as "Outperform" compared to the market [1] Core Insights - The general aviation market is steadily developing, with promising prospects for low-altitude operations driven by policy, technology, and marketization [2] - The global general aviation market is expected to grow, with an estimated delivery of 4,197 aircraft in 2024, generating a delivery value of $31.9 billion [3] - China's general aviation industry has significant growth potential compared to the U.S., particularly in infrastructure, aircraft numbers, and flight usage structure [4] Summary by Sections General Aviation Industry Overview - General aviation encompasses all flight activities except military and scheduled passenger/cargo flights, characterized by flexibility and a wide range of applications [12] - Traditional general aviation aircraft include fixed-wing planes and helicopters, while emerging types like drones and eVTOLs are gaining traction [19] Global General Aviation Market Situation - The global general aviation market has maintained growth, with annual deliveries exceeding 4,000 aircraft for two consecutive years [24] - In 2024, the delivery value of global general aviation aircraft is projected to reach $31.9 billion, marking a 13.5% increase from the previous year [27] - North America dominates the market, accounting for 70.4% of global deliveries, while the Asia-Pacific region shows the fastest growth [28] Comparison of China and the U.S. General Aviation Industries - The U.S. general aviation industry is highly developed, with a significant gap in infrastructure and aircraft numbers compared to China [40] - As of 2024, the number of registered general aviation airports in the U.S. is approximately 40 times that of China, highlighting the potential for growth in China's aviation infrastructure [43] New Opportunities in China's General Aviation Industry - The rise of low-altitude economy as a national strategy is creating new opportunities for the general aviation industry [64] - The market for low-altitude economy is projected to reach ¥859.17 billion by 2025, with significant contributions from low-altitude aircraft manufacturing and operational services [60]

Core Viewpoint - The general aviation ETF fund (159230) has shown significant performance, with a recent 22.08% increase over two weeks, driven by positive developments in the commercial aerospace sector and supportive government policies [1]. Group 1: Market Performance - As of January 6, 2026, the general aviation ETF fund has experienced a net inflow of 53.91 million yuan over the past six days [1]. - The fund's top-performing stock, Beidou Star (北斗星通), rose by 7.35%, while Aerospace Hanyu (航天环宇) fell by 7.28% [1]. - The fund's performance contrasts with sectors like medical insurance payment and large aircraft concepts, which saw declines [1]. Group 2: Industry Developments - Recent successful launches of Long March 8 and Long March 4 rockets on December 26 and 30, respectively, highlight advancements in China's commercial aerospace capabilities [1]. - The Shanghai municipal government has issued measures to accelerate the development of the aerospace industry, focusing on satellite manufacturing and commercial operations [1]. - The national industrial and information technology conference emphasized the importance of nurturing emerging industries, positioning aerospace and low-altitude economy as new pillar industries [1]. Group 3: ETF Composition - As of December 31, 2025, the top ten weighted stocks in the general aviation industry index include Wan Feng Aowei (万丰奥威), Aerospace Rainbow (航天彩虹), and China Satellite (中国卫星), collectively accounting for 33.92% of the index [2]. - The individual weightings of these stocks vary, with Wan Feng Aowei holding a weight of 6.38% and China Satellite at 2.38% [4].

Core Insights - The General Aviation Industry Index increased by 0.92% as of January 6, 2026, with notable stocks like Beidou Star and Haige Communication hitting the daily limit, and Aerospace Hanyu rising by 9.95% [1] - The General Aviation ETF (159230) also rose by 0.92%, marking a three-day consecutive increase, and has accumulated an 11.88% rise over the past two weeks [1] - The ETF has seen a net inflow of 16.2 million yuan over the past five days, indicating strong investor interest [1] Industry Developments - The National Industrial and Information Technology Work Conference emphasized the cultivation of emerging industries, including new materials, aerospace, and low-altitude economy, as future pillars of the economy [1] - The conference also highlighted the need for orderly development of satellite IoT and the strengthening of 6G technology research [1] - The new guidelines for frequency allocation in low-altitude economic development were introduced, supporting the growth of this sector [1] Market Composition - As of December 31, 2025, the top ten weighted stocks in the General Aviation Industry Index accounted for 33.92% of the index, with notable companies including Wanfeng Aowei, Aerospace Rainbow, and China Satellite [2] - The detailed performance of key stocks includes Wanfeng Aowei at 1.11% increase and Aerospace Rainbow at 1.44% increase, while some stocks like Zhuhai Guanyu and Yingliu Co. experienced declines [4]

格隆汇1月5日丨万丰奥威(002085.SZ)在投资者互动平台表示，公司达克罗涂覆产品已应用在神州飞船 返回舱核心部件上。 ...

Core Viewpoint - WanFeng Aviation has commenced mass production and delivery of its WanFeng Diamond general aviation aircraft, utilizing high-performance carbon fiber/glass fiber composite materials for the fuselage and wing components [2] Group 1: Production and Materials - The aircraft components are produced and assembled in the company's own production line [2] - The eVTOL model under development also employs high-performance carbon fiber composite materials, showcasing significant strength and weight reduction effects [2]